WEDNESDAY 5TH FEBRUARY 2025

CDS Musa Rallies Stakeholders to Achieve Tinubu’s

Okays N758bn Bond to Offset Pension Backlog

Wife of Vice President, Hajia Nana Shettima; First Lady Oluremi Tinubu;

State Governor, Hajia Fatima Bago, during the visit by the

Email: Goddy.egene@thisdaylive.com, 0803 350 6821, 0807 401 0580

ENUGU CREATING ONE-STOP SHOP FOR TAXATION...

L-R: Chairman, Enugu State Inland Revenue Service, Emmanuel Nnamani; Commissioner for Finance and Economic Development, Dr. Nathaniel Uramah; Clerk to the Enugu State House of Assembly, Mrs.

Egbo; Governor of Enugu State, Dr. Peter Mbah; Speaker, Enugu State House of Assembly, Hon. Uchenna Ugwu; Special Adviser to the Governor on Legal Matters, Barr. Osinachi Nnajieze, and the Special Adviser on Legislative Matters, Hon. Paul Nnajiofor, during the signing of the Enugu State Internal Revenue Service Law, 2025, at Government House, Enugu, yesterday, to create a one-stop shop for taxation in the state

Mbah Signs into Law Bill to Create One-stop Shop for Taxation in Enugu

Ends multiple taxation State’s Inland Revenue Service becomes autonomous

Governor Peter Mbah of Enugu State has signed into law a bill to create a one-stop shop for tax collection and administration in Enugu State, thereby ending multiple taxation.

Titled “Enugu State Internal Revenue Service (Establishment and Consolidation of Revenue Administration) Law, 2025,” the new legislation also made the revenue collection agency autonomous and free of bureaucratic encumbrances.

Speaking at the short bill signing ceremony at Government House, Enugu, yesterday, Mbah described the law as a milestone in his administration’s quest to facilitate Ease of Doing Business and make the state the premier destination for investment.

He stated, “I recall several times that I have engaged the business community, the organised private sector, and the market women.

“They have always complained about multiple taxation. People come from everywhere with different types of government receipts to ask them to pay tax. That will end from today.

“With the signing of this bill into law, we now have one revenue collection point, whether for the market women, the organised private sector, and the different agencies of government. You would have one clear point where to pay your tax and you will be issued with the appropriate receipt of payment. That means you no longer have any other person coming for the collection of tax.

“It is very important because one of the core indicators of the Ease of Doing Business is to make sure that

you have the ease of payment of your taxes and you do not have multiple channels where you are being dragged to pay taxes.”

According to the governor, the new law would effectively consolidate the revenues of the state and local governments, with each tier of government getting what is due to it at the end of the day, such as is obtainable in land charges and Value Added Tax (VAT).

Mbah said, “The idea is that you have one point of collection, but the split is also done to the different tiers of government that this revenue is essentially due to.

“It is also important that we make this point very clear that this idea of the State Internal Revenue Service collecting on behalf of the other tiers of government is nothing new.

“As some of you already know, the Land Use Charge is paid to the local government, but collected by the state. So, what we are doing now is essentially to consolidate all the other revenue types to ensure that there is one point of collection.

So, this is a major milestone and it would also help us have a full line of sight to all the revenues we have in the state.”

The governor said, “The Enugu State Inland Revenue Service is now able to act as an autonomous institution of the state government.

“It also means that they can now set targets and try to meet those targets the same way you run a business.

“It means that they now have the powers to hire and fire their employees. So, we are increasingly

making the revenue service a professional body.”

Mbah took the opportunity to explain that contrary to some misinformation, the massive rise in the state’s IGR was inspired by widening the tax net, plugging revenue leakages, and deployment of technology, rather than increasing tax rate.

He stated, “Let me be clear, we have not increased any tax in Enugu State. What we have essentially done and which is impacting our revenue growth is expansion of the tax net.

“We have also made sure that monies that were collected in cash before now are now adequately captured and paid into the state coffers.”

Mbah commended the Enugu State House of Assembly for their support every step of the way, noting with gratitude the expeditiousness with which they treat executive bills.

Earlier in his remarks, Speaker of the Enugu State House of Assembly, Hon. Uchenna Ugwu, described the

bill as a turning point in revenue collection in the state. Ugwu explained, “One, it is going to improve the Ease of Doing Business. It is also going to improve the IGR of the state and also block all the loopholes in revenue collection and administration. It is a very good gift to the people of Enugu State.”

NiMet Report: Plateau, Kaduna, Benue, Kwara, Others to Experience Delayed Rain

Keyamo unveils 2025 seasonal climate prediction Predicts early rain in Delta, Bayelsa, Rivers, Anambra, others

Kasim Sumaina in Abuja

The Minister of Aviation and Aerospace Development, Festus Keyamo, yesterday, in Abuja, unveiled the 2025 Seasonal Climate Prediction (SCP) by the Nigerian Meteorological Agency (NiMet).

Keyamo, during the public presentation of the SCP document, revealed that the onset of rain was predicted to be delayed over the northern and central states of Plateau as well as part of Kaduna, Niger, Benue, Nasarawa, Taraba, Adamawa and Kwara.

Early onset was expected in southern States of Delta, Bayelsa, Rivers, Anambra, and sections of Oyo, Ogun, Osun, Ondo, Lagos, Edo, Enugu, Imo and Ebonyi.

"The rest of the country is predicted to have a normal onset," he added.

The Aviation Minister said

Minister: Packaging Collection Hub to Address Waste Collection Challenge in Nigeria

The Minister of State for Industry, Senator John Owan Enoh, has commended the Coca-Cola System, comprising the Coca-Cola Company and the Coca-Cola Hellenic Bottling Company (CCHBC), for its investment in the Packaging Collection Hub to address the waste collection challenge in Nigeria.

Enoh stated this while delivering his remarks at the inauguration of the hub in Apapa, Lagos, recently.

Enoh, the special guest of honour at the ceremony, described the CocaCola System’s establishment of the packaging collection hub as a bold step that would redefine Nigeria’s industrial landscape. An industrial landscape where manufacturing

meets sustainability and industry produces output and impact.

“Establishing this hub by the Coca-Cola System, comprising Coca-Cola Nigeria and the Nigeria bottling partner of CCHBC, Nigerian Bottling Company Limited, marks an important moment in our national industrial journey.

“It demonstrates what happens when industries rise beyond profit and embrace responsibility to the environment for job creation,” he said.

The Minister affirmed that the federal government, through the Federal Ministry of Industry, Trade and Investment, was unwavering in its commitment to achieving its

mandates, including strengthening industrial clusters, deepening local production and backward integration and creating a selfsustaining industrial ecosystem that is globally competitive. He lauded the Coca-Cola System for investing in the hub and proving that manufacturing can be a force for good.

“Let the world know—Nigeria is not waiting for an industrial revolution. We are building it. Waste is no longer waste—it is a resource, an economic asset, and a tool for wealth creation. “The age of reckless extraction and waste is over. The new industrial economy is circular, regenerative, and smart.

highlights of the 2025 SCP as with previous years, showed that there would be pre-onset rainfall activities that should not be confused with the actual onset of the rainy season.

He said: "Those engaged in rainfall agriculture and other-rainfall dependent activities in Nigeria are therefore advised to refer to the predicted onset dates in this publication or consult NiMet for proper guidance."

The report added: "The rest of the country is predicted to have a normal onset earlier than long-term average end-of-rainy season is predicted over parts of Zamfara, Katsina, Kano, Kaduna, Jigawa, Plateau, Bauchi, Borno, Yobe, Adamawa, Taraba, Niger, Kwara, Kogi, FCT, Ekiti, and Ondo states.

"A delayed end of season is expected over parts of Kaduna, Nasarawa, Benue, Lagos, Kwara, Taraba, Oyo, Ogun, Cross River, Delta,

Akwa Ibom, Ebonyi, Anambra, and Enugu states.

“The predicted length of rainy season in 2025 is expected to be mostly normal across the country.

"However, Borno and parts of Yobe states could experience shorter than normal length of season. Lagos, and Nasarawa States are likely to have longer than normal length of seasons in 2025.

“A normal to below-normal annual rainfall is anticipated in most parts of Nigeria compared to the long-term average.

"Parts of Kebbi, Kaduna, Ebonyi, Cross River, Lagos Abia, Akwa Ibom states, and the FCT are expected to have above-normal annual rainfall amounts."

He further explained that highintensity rainfall was expected in May and June, that may likely result in flash floods in the coastal cities.

"During the April-May-June (AMJ) season, there is a likelihood of a severe dry spell of above 15 days after the establishment of rainfall in Oyo state (Saki, Iseyin, Ogbomosho, Atisbo, Orelope, Itesiwaju, Olorunsogo, Kajola, Iwajowa and Ori Ire).

"Moderate dry spell that may last up to 15 days is likely to occur in Ekiti, Osun, Ondo, Ogun, Edo, Ebonyi, Anambra, Imo, Abia, Cross River, Delta, Bayelsa, and Akwa Ibom states in the south.

"However, for the northern states, a severe dry spell that may last up to 21 days is predicted for the JuneJuly-August (JJA) season of 2025.

“The Little Dry Season (LDS), also known as ‘August Break’ is predicted to begin by late July and would be severe only in parts of Lagos and Ogun states. The number of days with little or no rainfall will range between 27 to 40 days

NMDPRA Seals 19 Illegal LPG Outlets in Delta

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday sealed 19 illegal Liquified Petroleum Gas (LPG) and category D cooking gas outlets in Delta State.

The Coordinator, NMDPRA in Delta, Victor Ohwodiasa, told journalists yesterday that the illegal gas outlets were sealed within the past two weeks.

He said the illegal gas outlets were shut in Orerokpe, Ogwashi-Ukwu, Warri and its environs.

The category D class of LPG operators were the ones within localities that refill gas from licenced gas plants for customers to pick up from them.

Ohwodiasa, said the illegal gas

outlets were shut over offences ranging from lack of prerequisite approvals to operate such facilities and unsafe locations.

"During the operations, about 28 illegal outlets were spotted by the authority. We tried to see if it is possible to have them regularised as they were wrongly sited.

"The outlet that was sealed in Ogwashi-Ukwu was a five metric tonnes refilling plant constructed on a roadside closed to a high tension cable.

"The authority looked at the environment, it was wrongly sited, on a right of way and has no approval. It was sealed and a relocation order issued immediately," he said.

Owhodiasa disclosed that other offenders were the ones doing what

he called, "decanting," meaning bottleto-bottle transfer, which he said the NMDPRA does not allow that.

“What they are expected to do is "bottle swap", bring your empty cylinder and go with a filled one," he said.

The coordinator said the essence of the exercise was not to frustrate the small-scale gas business owners but to ensure they operate in a safe and secure environment.

Ohwodiasa appealed to landlords not to allocate portions of their land to the LPG category D operators who want to do illegal business in their premises or properties. According to him, the essence was to prevent possible fire outbreaks that could destroy lives and properties of the operators and the neighbours.

Sylvester Idowu in Warri

Ngozi

ODUWOLE'S PUBLIC SECTOR ENGAGEMENT...

L-R: Head of Research, EnterprisingNGR, Tayo Muritala; Director, Policy and Public Affairs, Lami Adekola; CEO, EnterpriseNGR, Obi Ibekwe; Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole; Head, Eurasia, Middle East & Africa - TheCityUK, Alex Milne; Executive, International Development – TheCityUK, Alyaa Hassan; Trade Policy Lead for Nigeria, UK Department of Business and Trade, Mujina Kaindama and the UK High Commissioner to Nigeria, Mr. Richard Montgomery, during a visit to the Minister of Industry, Trade and Investment by Lagos International Financial Centre (LIFC) Council, EnterpriseNGR, TheCityUK and the British High Commission as part of the public sector engagement/briefing on the establishment of LIFC, at the Minister's Office, Abuja ... yesterday

Trump: US Will Take over Gaza, Develop and Own It

Goddy Egene with agency reports

United States President, Donald Trump yesterday said he wants the U.S. to take ownership of the Gaza Strip and redevelop it after Palestinians are resettled elsewhere.

Speaking at a start of joint news conference with Isreali Prime Minister Benjamin Netanyahu, at the White House, Trump said: “We will own it and be responsible for dismantling all of the dangerous unexploded bombs and other weapons on the site.”

According to him, the U.S. would level destroyed buildings and create an economic development that will supply unlimited numbers of jobs and housing for the people of the area.

Trump had earlier suggested that displaced Palestinians in Gaza be “permanently” resettled outside the war-torn territory.

Trump said: “You can’t live in

Gaza right now. I think we need another location. I think it should be a location that’s going to make people happy.”

The president’s most strident argument to date for mass relocation from Gaza comes amid growing uncertainty that the temporary ceasefire and hostage agreement struck last month between Israel and Hamas can reach an even more delicate second stage.

Egypt, Jordan and other U.S. allies in the Mideast have cautioned Trump that relocating Gaza’s more than two million Palestinians would threaten Mideast stability, risk expanding the conflict and undermine a decadeslong push by the U.S. and allies for a two-state solution.

Trump had January 25, floated the idea of taking over the Gaza Strip, urging Egypt and Jordan take in more people. When asked back then if

he was suggesting a long-term or short-term solution, he said: "Could be either."

He has since reiterated that plan at least four times, including yesterday when he said Palestinians in Gaza could go to other countries beyond

Jordan and Egypt as well. Jordan, Egypt and other Arab nations, as well as Palestinian leaders, have publicly rejected the idea that critics say would amount to ethnic cleansing.

But Trump yesterday declared: "I

feel very differently about Gaza than a lot of people. I think they should get a good, fresh, beautiful piece of land, and we get some people to put up the money to build it and make it nice and make it habitable and enjoyable.”

"I don't know how they (Palestinians) could want to stay," Trump added when asked about reactions by Palestinian and Arab leaders to his proposal. "They are not going to want to go back to Gaza."

Court Halts Investigation into Sterling Bank’s $17,079,000 Loan Recovery

Stops reps committee from summoning bank’s CEO

Wale Igbintade

Justice Daniel Osiagor of the Federal High Court in Lagos, yesterday, issued an order restraining the House

of Representatives and Chairman of the House Committee on Public Petitions, Hon. Michael Etaba, from further investigating or inviting Sterling Bank Limited and its Group CEO,

In 2025 Economic Outlook, Audit Firm Raises Concerns over FG's Deficit Financing Strategy

Emmanuel Addeh in Abuja

Kreston Pedabo, a Nigerian audit, assurance, tax compliance and advisory firm, has raised concerns over the sustainability of the federal government's deficit financing strategy in its newly released 2025 economic outlook.

Although it projected a modest growth for Nigeria in 2025, however it warned of significant structural and financial challenges that could hinder economic stability.

Kreston Pedabo, which also carries out financial advisory and risk management, as well as management consulting, in the document, argued that relying on debt, asset sales, and multilateral loans—raises concerns about the sustainability of the country’s growing debt burden.

The report was co-authored by the firm’s Senior Associate for Financial Advisory & Risk Management, Oreofe Olamoyegun; Lead for Management Consulting, Tyna Adediran; Partner for Financial Advisory & Risk Management, Nosa Ogbebor; and Senior Partner for Tax Compliance & Advisory, Killian Khanoba.

It also highlighted key risks to the Nigerian economy such as rising inflation, a depreciating naira, and a mounting debt burden, pointing to an 8 per cent country default spread, a signal of elevated investor caution regarding Nigeria’s creditworthiness.

Debt default spread is a risk premium that measures the likelihood of a borrower defaulting on

a loan or bond.

Rising public debt and the high cost of servicing these obligations, it maintained, could further restrict the government’s ability to invest in critical infrastructure and social services.

Besides, it said that persistent insecurity, infrastructure deficits, and corruption remain significant barriers to economic reforms and growth initiatives, even as inflationary pressures continue to erode purchasing power, increase operational costs, and dampen consumer demand, particularly in the financial services sector.

“The depreciation of the naira is another major concern, as it discourages investment, exacerbates foreign exchange shortages, and disrupts trade,” it pointed out. It added that the oil sector, a key driver of Nigeria’s economy, faces continued risks from oil theft, pipeline vandalism, and global price fluctuations, which threaten revenue recovery, but highlighted the government’s renewed focus on security in oil-producing regions and ongoing reforms in the petroleum sector.

Noting that curbing insecurity could help stabilise production and improve revenue generation, it said that the non-oil sector, high production costs, limited access to credit, and inflationary pressures could stifle growth in agriculture, manufacturing, and services.

The report emphasised the need for policies that incentivise

local manufacturing, modernise agricultural practices, and enhance digital infrastructure to support sustainable growth in these sectors.

Also, the capital market is expected to see moderate growth in 2025, driven by increased investor confidence following ongoing reforms and the issuance of local bonds to finance infrastructure projects.

However, rising domestic borrowing costs and foreign portfolio outflows remain key risks, it stressed,

underscoring the need for strategic policies that enhance market liquidity and attract foreign direct investment to sustain market performance.

To mitigate these risks, the Pedabo report called for targeted policy measures to strengthen economic resilience and drive inclusive growth.

It advocates for greater Public-private Partnerships (PPPs) in infrastructure development, supported by a transparent regulatory framework and government guarantees.

Yemi Odubiyi.

This order will remain in place pending the resolution of a motion for an interlocutory injunction related to the recovery of a US$17,079,000 loan granted by the bank.

The applicants in this suit, marked FHC/L/L/CS/185/2025, included Sterling Bank Limited, Sterling Financial Holdings Company Plc, Yemi Odubiyi, Abubakar Suleiman, Lekan Olakunle, and Dele Faseemo.

Listed as defendants were the House of Representatives, Hon. Michael Etaba, Dr. Innocent Brendan Usoro, Miden Systems Limited, and the Inspector General of Police.

After reviewing the motion and supporting affidavit, Justice Osiagor granted an ex parte order preventing the 1st and 2nd defendants from continuing their investigation, or inviting the plaintiffs.

In a 31-paragraph affidavit supporting the motion, the Head of Recovery Litigation for the 1st and 2nd plaintiffs, Sunday Adegoke, explained that a

Eurocham Nigeria Hosts 2025 Annual Stakeholders’ Conference

Michael Olugbode in Abuja

European businesses in the country, members of the diplomatic community, business leaders from the private sector and policy makers have met to discuss Nigeria’s economic reforms and their impact on business and investment.

According to a statement yesterday, by the European Union, they met in Lagos at the annual stakeholders’ conference of Eurocham Nigeria (The European Business Chamber).

Participants also engaged in meaningful dialogue on fostering sustainable growth in a transforming economic landscape.

With the theme “Achieving Growth Post-Reforms,” the confer-

ence addressed critical areas such as trade, aviation and tourism, energy, finance, and workforce transformation, highlighting opportunities for collaboration between the public and private sectors.

Welcoming participants to the conference, President of Eurocham Nigeria, Mr. Yann Gilbert, stressed the organisation’s role in advocating for policies that drive economic growth and enhance EU-Nigeria business relations.

In a keynote speech, the Honorary President of EurochamNigeria and the European Union Ambassador to Nigeria and ECOWAS, Mr. Gautier Mignot, restated the EU’s commitment to Nigeria’s economic transformation.

He outlined ongoing efforts to

bolster trade relations and unlock investment potential, positioning Nigeria as a key partner in the region. He also introduced the EU-Eurocham Support Grant, an initiative aimed at strengthening private-sector growth in Nigeria.

The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, in a second keynote address delivered by his Special Adviser on Aviation and Aerospace Development, Ms. Janet Oputa, highlighted the aviation sector’s role in driving economic expansion.

In the speech themed “Aviation: A Catalyst for Post-Reform Growth inNigeria”, she spoke on ongoing infrastructure developments and the investment opportunities emerging in Nigeria’s air transport industry.

banker-customer relationship between the 1st Plaintiff (Sterling Bank) and the 3rd and 4th defendants (Dr. Innocent Brendan Usoro, Miden Systems Limited) began in 2009. This relationship resulted in a Vessel Lease Facility for US$17,079,000, with a 48-month term, including a 6-month moratorium on repayments.

Adegoke further stated that the 3rd and 4th defendants’ failure to repay the debt led to the facility being restructured for an additional five years, from 2017 to 2022.

He noted that the funds were allegedly diverted for the personal use of the 3rd and 4th defendants, with many assets, including vessels securing the loan, intentionally damaged.

Despite efforts to recover the debt, the 3rd and 4th defendants launched "vexatious" proceedings in a separate lawsuit and filed complaints with the National Assembly, accusing the plaintiffs of unlawful activities.

Adegoke stated that the funds provided to the 3rd and 4th defendants were misused and diverted for personal expenses.Additionally, during an inspection at the NBTC Yard in Warri and the Forcados Terminal in Delta State on October 23-24, 2023, the plaintiffs discovered that most of the vessels secured for the loan were in disrepair due to the fraudulent actions of the 3rd defendant.

He also alleged that the additional funds given to the 3rd defendant to help revitalise the 4th defendant’s operations were fraudulently diverted.

The plaintiffs then initiated a recovery action against the 3rd and 4th defendants at the Federal High Court in Lagos under Suit No: FHC/L/ CS/946/2021, where Mareva injunctions were granted.

The case led to a Consent Judgment, with the 3rd and 4th defendants voluntarily admitting liability for US$31,335,636.88. Despite agreeing to the terms in the Consent Judgment, the 3rd and 4th defendants sought to vary the settlement in a new suit, FHC/L/CS/54/2024, while continuing their alleged "vexatious" actions.

AT THE SAVANNAH ENERGY EDUCATION AND INTERNSHIP TRAINING...

L-R: CEO/Project Director, Excellence Community Education Welfare Scheme, Dr. Andy Eyo; Immediate past Commissioner for Education, Akwa Ibom State, Idongesit Etiebet, representing the Executive Governor of Akwa Ibom State, Umo Eno; Managing Director, Savannah Energy, Nigeria, Pade Durotoye; and Head, Stakeholder Relations and Regional Manager, South East, Savannah Energy, Nigeria, Nkoyo Etuk, at the Savannah Energy Education and Internship Training (SEE-IT) Programme Scholarships Award held at the Ibom Hotel and Golf Resort in Uyo, Akwa Ibom State...weekend

Akpabio Reshuffles Senate Committees, Orji Kalu, Natasha, Others Affected

Tinubu asks senate to confirm Najomo's appointment as NCAA boss

Sunday Aborisade in Abuja

President of the Senate, Senator Godswill Akpabio, yesterday announced a shakeup in the chairmanship of the Senate Standing Committees and the creation of new ones.

Senators Natasha Akpoti Uduaghan, Orji Uzor Kalu, and Abdul Ningi, among others, were affected in the new arrangement.

During a brief plenary, Akpabio announced the signing into law of five bills passed by the National Assembly including the North Central Development Commission (NCDC) Bill, by President Bola Ahmed Tinubu. In the minor reshuffle of committees Akpabio appointed Senator Joel-Onowakpo Thomas (APC - Delta South) as the new chairman of the Senate Committee on Local Content.

He redeployed Senator Natasha Akpoti-Uduaghan (PDP - Kogi Central), its former chairman, to head the Senate Committee on Diaspora and Non-Governmental Organisations.

Akpabio also named Senator Orji Uzor Kalu (APC - Abia North), as chairman, of the newly created Senate Committee on South East Development Commission (SEDC), with Senator Kenneth Eze as vice chairman.

He named Senator Titus Zam as the Chairman of the Senate Committee on North Central Development Commission (NCDC), with Senator Isah

Jibrin as vice chairman.

Senator Zam was hitherto the chairman of the Senate Committee on Rules and Business.

The Senate President made Senator Hussiani Babangida chairman of the Senate Committee on North West Development Commission, with Senator Muntari Dandutse as vice chairman.

Senator Abdul Ningi, who was formerly the Chairman of the Senate Committee on National Identity and National Population was redeployed to chair the Senate Committee on FERMA.

Similarly, Akpabio redeployed Senator Victor Umeh who was the former Chairman of the Senate Committee on Diaspora and Non-Governmental Organizations (NGOs) to chair the Senate Committee on National Identity and National Population.

Akpabio also announced the appointment of Senator Musa Garba Maidoki as the Chairman of the Senate Committee on Sports Development, formerly headed by Senator Kawu Suleiman.

Kawu who represents Kano South on the platform of the New Nigerian Peoples Party (NNPP) was earlier reappointed as the Chairman of the Senate Committee on Petroleum Resources (Downstream) by Akpabio late last year.

Akpabio also appointed Senator

Austin Akobundu as the vice chairman of the Senate Committee on Airforce, and directed him to preside over the budget defence session of the Nigerian Air Force in the absence of its substantive Chairman, Senator Godiya Akwashiki.

During the plenary, the Senate President announced that President Bola Ahmed Tinubu has assented to some Bills passed by the National

Assembly.

They included a Bill to establish the Maritime University, Okerenkoko, Delta State, North Central Development Commission Bill, a Bill to establish the Federal Polytechnic Rano, Kano State, the Agricultural Research Council of Nigeria (amendment) Bill and a Bill to establish the Federal University of Health Sciences Tasfe in Zamfara State.”

Akpabio commended Tinubu for assenting to the five bills and commended his colleagues for their hard work.

“You have all been working hard to put the 2025 budget together. I attended some sittings, and those I did not attend, I watched on television. We will get the budget to him (Tinubu) as soon as practicable,” Akpabio said. Also yesterday, President Tinubu transmitted the nomination of Captain Chris Najomo for confirmation by the Senate for appointment as the Director General of the Nigerian Civil Aviation Authority (NCAA). Akpabio who read Tinubu’s letter of nomination during plenary, referred the nomination to the Senate Committee on Aviation for “expeditious consideration” and to report back to Plenary.

Oshiomhole: No Foreigner Can Steal Nigeria's Solid Minerals Resources without Local Connivance

Urges govt to deploy same force used in N’Delta to fight illegal mining

Emmanuel Addeh in Abuja

Former All Progressives Congress (APC) national Chairman, Mr Adams Oshiomhole, yesterday doubled down on his accusation of the connivance of certain influential elements in Nigeria with foreigners to illegally exploit the country's solid mineral resources.

Speaking on Arise Television last night, the former Governor of Edo state, who clarified that he did not accuse all retired generals of joining hands with foreign

forces to steal Nigeria's resources, argued that some countries rely exclusively on solid minerals to survive.

“ It is absolutely impossible for anyone, particularly foreigners, far away outside the African continent, coming to Nigeria, locating a site, not being geologists and they go straight to where they can find particular solid minerals.

“And they start mining it and they take it away. So, it may be correct to say the government is not able to harvest what accrues

FG Launches NBAN to Drive Infrastructure Development, Broadband Connectivity

The federal government, through the Ministry of Communications, Innovation and Digital Economy, yesterday in Lagos, launched the National Broadband Alliance for Nigeria (NBAN), an initiative that will enhance infrastructure development, boost broadband development and pave the way for a digitally connected Nigeria. Speaking at the launch, the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, represented by the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, said the initiative would promote collaboration and further deepen broadband penetration in Nigeria, in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu, which stresses innovation, technology, and collaboration as essential pillars for

driving prosperity for all Nigerians.

According to the minister, from a modest six per cent broadband penetration in 2015, Nigeria has grown to approximately 42 per cent broadband penetration as of October 2024, as reported by the NCC, adding that while the progress is commendable, government recognises the need for ubiquitous broadband penetration, driven by access to necessary infrastructure, to ensure that every Nigerian can enjoy the benefits of reliable, high-speed internet.

Further according to Tijani, “Despite our collective goals of achieving 70 per cent broadband penetration by 2025; Delivering minimum data speeds of 25 Mbps in urban areas and 10 Mbps in rural areas; Expanding population coverage to 80 per cent by 2027; Increasing broadband investments by 300–500 per cent by 2027, including the growing availability of fibre networks, Nigeria faces an

unfortunate paradox.

“Many of the networks remain underutilised. In numerous parts of the country, the capacity of existing fibre infrastructure far exceeds the demand. This is primarily due to a lack of access to necessary infrastructure in unserved and underserved areas, compounded by significant barriers to broadband adoption.

“These barriers include limited access to devices, lack of awareness, inadequate digital literacy, cumbersome regulatory processes, and power supply challenges.

“This underutilisation of existing infrastructure hinders our digital transformation and also negatively impacts the return on investment. This creates a vicious cycle—one that we must break in order to realise the full potential of broadband and its contribution to our digital economy.”

According to him, the goal of NBAN is to transform broadband into a catalyst for socio-economic

development. By aggregating demand across key sectors—schools, healthcare facilities, religious centres, and markets.

“We will create an economically viable model for broadband adoption. This aggregation of demand will unlock untapped capacity and also drive down costs, enhance affordability, and stimulate widespread adoption,” the minister said.

Maida, during his presentation at the launch, laid emphasis on the theme of the initiative: ‘Broadband Alliance Accelerating Our Collective Prosperity Through Connectivity’, which according to him, captures the whole essence of ubiquitous broadband penetration.

“The launch of NBAN represents a pivotal moment in driving collaboration and tackling the key challenges that have hindered our broadband expansion. NBAN offers a comprehensive framework to overcome these obstacles and unlock the potential of broadband connectivity,” Maida said.

from solid mineral exploration and that the illegality is being done and people know who are behind it,” he pointed out.

But he argued that at no time did he say that all retired generals, among whom he has many friends and never had any political exposure, are involved in a particular crime.

“It's not sensible to say so. That would be a reckless, sweeping generalisation. That is not what I said. I said the problem is that some, and I still believe it to be so, I know it to be so. I said some retired generals are involved. And somehow, we are not deploying the same force as a nation that we deploy to protect our oil in the Niger Delta,” he maintained.

Repeating the story of a retired general who relayed how Nigeria's solid minerals are stolen and how he narrated the matter to former President Muhammadu Buhari, Oshiomhole stated that there's no way he would hear that kind of sordid tale and not tell the president at the time, especially as the chair of the ruling party.

“There is no way I can comprehend this story because I have no military training or secret training. And I pleaded with him to do a summary, not more than two, maximum three pages, that I will submit as chairman of the ruling party at that time, that l will submit to the president, who incidentally is a retired general before becoming the president of Nigeria.

“So he will understand the issues clearer and I advised him to put his phone number so that the president can call him if he so wished and he can give him this detailed security dimension. Because he warned me that if

that thing is not checked, what is happening in the Northeast will be a child's play.

“And so I took this letter, as I promised him, because I saw a patriotic officer, though retired, but not tired of his loyalty to Nigeria. And I gave it to the then president Buhari.

“And I said, so, and I said, sir, go through it, it is self-explanatory. My advice, I can only advice the president. My advice is that you can call him and he can give you more graphic details of what he saw and what he know and his fears about what will happen if this is not nipped in the bud,” he noted.

According to the former labour leader, there's no way smuggling of that multitude takes place without anybody seeing it.

“So you can't have that scale of illegal activity without men and women in power and resources,” he reiterated.

Stressing that it cannot be a civilian chopper carrying arms, dropping them where there is gold, he argued that some retired generals and powerful other non-generals were fully involved in the illegal trade.

Highlighting that government is a continuum, Oshiomhole pointed out that the Bola Tinubu government is currently tackling the problem, especially with the recent setting up of marshals to police Nigeria's mining sites.

“We can't be here, and people are carting away our natural resources…I would like to see the government deploy the same amount of force in protecting our solid minerals, and dealing with those who are involved in illegal mining, just like illegal bunkering,” he argued.

Emma Okonji

NIS to Launch Contactless Passport Solution in Europe February 7

Michael Olugbode in Abuja Comptroller General, Nigeria Immigration Service (NIS), Mrs. Kemi Nandap, yesterday, announced that the service was set to launch the contactless passport application solution in Europe on February 7, with UK serving as the coordinating centre. Nandap announced this when she paid a courtesy call on Chairman/ Chief Executive Officer, Nigerians in Diaspora Commission, Hon. Abike Dabiri-Erewa, at NiDCOM headquarters in Abuja.

Deji Elumoye in Abuja

The Federal Executive Council (FEC) has approved the issuance of a N758 billion bond to offset outstanding pension liabilities for all categories of federal pensioners.

The approval granted yesterday, on the second day of the FEC meeting at State House, Abuja, will allow the Debt Management Office (DMO) to raise funds needed to settle pension arrears under the Defined Benefit Scheme – the system that preceded the current contributory pension scheme introduced in 2004 and amended in 2014.

FEC also approved a €30 million concessional loan from the French Development Agency (AFD) to support students’ accommodation projects.

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed the approvals to newsmen after the FEC meeting chaired by President Bola Tinubu.

The federal cabinet likewise okayed N203.6 billion for six key infrastructure projects in the Federal Capital Territory (FCT), aimed principally to improve road network and water supply, as well as control erosion. Minister of State for the FCT, Dr. Mariya Bunkure, disclosed this while briefing reporters after day two of the FEC meeting.

That was as Minister of Works, Dave Umahi, warned that the federal government might take over any section of the Lagos-Ibadan Expressway not completed by contractors before April,

She said, “This initiative, set for launch on 7th of February 2025, will enable Nigerians in the Diaspora to apply for and renew their passports online from the comfort of their homes.”

Nandap reiterated that the innovative solution was designed to simplify the passport application process for Nigerians abroad, save time, and reduce costs associated with traveling to apply for a passport. She, however, said the initiative was not for fresh applicants or minors but for those renewing

as it moves to finalise the long-delayed project.

Umahi also said FEC approved 14 major road contracts worth N242.148 billion across the country.

Edun explained that the bond would address the financial burden faced by retirees owed a backlog of entitlements.

According to him, under the old Defined Benefit Scheme, some pensioners, who had not yet retired, required top-ups to their benefits whenever wage increases occurred, typically every five years.

The minister stated, "Equally important and addressing the issue of social interventions is one regarding pensions. There was an approval for the government through the debt management office to raise a federal government bond of about N758 billion.

“And that is to clear up the backlog of pension liabilities owed various categories of pensioners, who are owed funds under the defined benefit system that preceded the defined contributory pension scheme that came into force in 2004 and, of course, was updated with a new act in 2014.

“There were some accrued liabilities, which were building up over time. So, for example, someone, who was on a defined benefit scheme yet to retire, would need a top-up of their contributions or the amount due to them every time that there was a wage increase, every five years or so.

“So, this liability that built up to a point where it was not going to

AFTER 18 YEARS, COURT FREES FANI-KAYODE OF ALLEGED FORGERY

Commission (EFCC).

Delivering her ruling on the no-case submission filed by Fani-Kayode's counsel, Mr. Wale Balogun, SAN, Justice Olubunmi Abike-Fadipe stated that the prosecution failed to establish a prima facie case against the defendant.

Justice Abike-Fadipe explained that the prosecution did not establish any connection between Fani-Kayode and the alleged offences, failing to present key evidence, such as testimonies from the defendant’s associates or the lawyer, who allegedly handled medical reports for the Federal High Court.

She noted that extrajudicial statements, which were presented as evidence, could only serve to contradict their makers when they testified in court.

"I have carefully examined the prosecution's evidence and cannot find any indication that the defendant committed the alleged offences.

"The prosecution has failed to establish a prima facie case, which would have required the defendant to present a defense," he said.

The judge also mentioned that the defendant was free to seek a private action report for any potential costs.

Fani-Kayode was charged by the EFCC in November 2021 with a 12-count indictment, including charges of procuring false documents, use of forged documents, and fabricating evidence.

The EFCC called seven witnesses, but their testimonies were insufficient to substantiate the charges.

Fani-Kayode, however, filed a no-case submission on December 7, 2024, asserting that the prosecution failed to prove its case.

In a separate case, the Federal High Court in Abuja, on January 15, discharged Fani-Kayode of money

their passports.

She said Nigerians living abroad could start the process of renewing their passports a year to its expiration.

Nandap commended NIDCOM for being a dependable partner and ally in advocacy in giving awareness to its programmes and policies, especially as it affected Nigerians living abroad.

The comptroller-general said President Bola Tinubu had directed them to make life easier for Nigerians in the diaspora, saying the Minister

be easy to pay them down on an ongoing basis. And to clean up that important area and to give people their right, which is payment of the pension liabilities as and when due, the government has put in place an approval for debt management office to raise N758 billion that will pay down all these liabilities and, of course, be a tremendous relief to the beneficiaries.”

Edun said €30 million concessional loan from AFD will be implemented in collaboration with Family Homes Limited, the government’s partner for the initiative.

The concessional loan is expected to improve students’ housing conditions across the country, aligning with the administration’s commitment to enhancing educational infrastructure, according to Edun.

He stated, "I will just highlight particular approvals. First of all, a €30 million financing, long term concessional financing by Axon France, the French Development Agency, which is supporting student housing in conjunction with Family Homes Limited as the partner and implementer

“It is for tertiary student accommodation at project sites throughout the country to provide sustainable and clean energy based accommodation for students.

“We all know what an important intervention that is for the education sector and for students, given the shortage.”

laundering charges brought by the EFCC.

Justice John Tsoho ruled that the prosecution failed to present sufficient evidence linking Fani-Kayode to the alleged offences.

Chief Femi Fani-Kayode has faced criminal prosecution and criminal charges and trials in 4 major cases and four appeals by the EFCC which have jointly lasted over the last 18 years.

He has won every single one of them and the last one was today 4th February 2025.

1. He was prosecuted from 2008 to 2015 by EFCC at the Federal High Court Lagos before Hon. Justice Ahmad, Hon. Justice Binta Nyarku and finally Hon. Justice Rita OfiliAjumogobia.

He was discharged and acquitted on 1st July 2015 by Hon. Justice Rita Ofili-Ajumogobia.

2. He was again prosecuted by EFCC from 2016 to 2023 at the Federal High Court Lagos before Hon. Justice M.S. Hassan, Hon. Justice Aikawa and finally Hon. Justice Oziagor.

The charges that were proffered against him before Hon. Justice Oziagor were quashed by the Court of Appeal sitting in Lagos on 21st April 2023.

3. He was again prosecuted by EFCC from 2016 to 2025 at the Federal High Court Abuja before Hon. Justice Tsoho (Chief Judge of the Federal High Court).

He was discharged on all counts on 15th January 2025 by Hon. Justice Tsoho, the Chief Judge of the Federal High Court.

4. Fani-Kayode was prosecuted by EFCC from 2021 to 2025 at the Lagos State High Court before Hon. Justice Olubunmi Abike-Fadipe. His acquittal yesterday marked the end of a long tortuous journey through the courts.

of Interior, Dr. Olubunmi Tunji-Ojo, has in the meantime approved a passport processing facility for New York, to address the backlog and bring experience there.

She added that passport front offices would soon be opened in other parts of the US and other countries.

In her response, Dabiri-Erewa commended the passport initiative, which she said aligned with the commission's mandate to support and facilitate diaspora engagement.

She added, "The launch of the

According to Edun, “It also speaks to increasing government revenue. So, it's both on the fiscal side, it is both revenue earning in terms of foreign exchange, and in terms of government revenue, it speaks to the increased productivity of the Nigerian economy

“As I said before, increased international competitiveness at a time when under the African Continental Free Trade Agreement, Nigeria is pushing to be a big player, both in the ECOWAS region and in the African continent, as well.

“Why that is particularly important, we are all seeing that the world is moving away from open trade, from the rules based World Trade Organisation-led world trading environment, is moving to a more closed environment, and so the regional and the continental markets will be that much more important for Nigeria.”

The minister added, “Finally, we also commented that given the plethora, the large amounts of approvals, which were given today, that there was the assurance also given that the economic management team is going to harmonise, synthesise, synchronise, and very much prioritise in an orderly fashion these different approvals in line with Mr. President's priorities.

On the economy, the minister said, “An approval has been given for the all-important National Single Window Project. So, the technology providers, the hardware suppliers, have been approved for implementation of the project.

“Some aspects will take 12 months for delivery of the hardware and for complete implementation, including the software solutions and the technology solutions and the e-government solutions that will take up to 24 months.”

He said the project would not only improve economic competitiveness, but also enhance the country’s ability to export efficiently.

meeting, Musa expressed the belief that through collective action, the country’s level of crude oil production would rise from the current 1.8 million to 2.5 million this year.

He stated that oil production was critical for the country’s socio-economic development, and regretted that in the past, numerous factors significantly diminished the production output, with dire implications for the economy.

The CDS stated, "Recently, significant strides have been made towards ramping up our oil production, as evident in our current output of over 1.8mbpd.

“This achievement is a testament to the unwavering commitment of all stakeholders here and I commend you all.

"Notwithstanding the notable achievements, much more collective effort is still required to achieve the overall intent of meeting Mr. President's directives of a production output of over 2.5mbpd."

Earlier, in his welcome address, Musa said the meeting was intended to serve as a crucial platform for fostering dialogue and enhancing synergy between stakeholders in the oil and gas industry.

According to him, "The Defence Headquarters deemed it necessary to

contactless passport application solution in Europe is a significant step towards efficient, secure, and convenient travel document management for Nigerians in the diaspora.

“NiDCOM will continue to support, monitor and collaborate with the NIS to ensure the success of this initiative."

Dabiri-Erewa commended Tunji-Ojo and Nandap for the innovations introduced, stating that the contactless application has since taken off in Canada. NIS

direction in which the government is going.

“As we clearly know, the benefits of the reforms are beginning to come through. There is greater fiscal strength, there is greater competitiveness of the Nigerian economy.”

FEC approved N203.6 billion for six major infrastructure projects in the FCT, with Bunkure saying the projects would enhance the living condition of Abuja residents.

She explained that the first project, valued at N13.18 billion, was awarded to Infu Ernest International Limited for the construction of an access road to the FCT Fire Service Institution and erosion control in Kaura District. The project was expected to be completed in 18 months.

The second approval was for the revised cost of the Guzape District Lot 1 engineering infrastructure project.

The contract sum was increased from N22.2 billion to N70.89 billion, with an additional 18-month completion period.

The third project, awarded to CCECC, involved the construction of a seven-kilometre access road bypassing the airport’s second railway from Clinton Drive to Tunga Madaki settlement, including a full-span bridge.

“First of all, to attract investment that will grow the economy and create jobs and reduce poverty, but more importantly, to also focus on his immediate priorities for stabilising for now, implementing what will strengthen the Nigerian economy and grow it and create jobs in the near term.

“Such as, strengthen food security, enhancing fiscal the fiscal condition, including, as we have seen, the revenue benefits that can come from the National Single window project, increased energy security, strengthen social protection, improved economic competitiveness.

“As I said earlier, and finally, timely implementation of the new national development plan, so that we all have a framework in which to implement the various programmes and policies of the government, and also to be able to show to all stakeholders the

convene this forum in recognition of the intricate dynamics at play and the importance of effective stakeholder engagement to the sustenance of oil and gas operations in the country.

"Thus, this meeting is aimed at addressing the challenges affecting optimised oil production in the country."

The CDS stressed that the presence of representatives from the stakeholders at the meeting underscored the importance they ascribed to a unified approach to mitigating the challenges hindering oil production in the country.

Imploring them to be objective in outlining the challenges, Musa said the stakeholders’ active participation in the forum will not only strengthen the collective resolve but also ensure that their strategies were inclusive, comprehensive, and realistic.

He stated, "I believe that this forum will provide an invaluable opportunity for us to reflect on lessons learned, assess ongoing initiatives, and craft pragmatic pathways to success.

"Together, we can attain our shared goal of 2.5mbpd production, while ensuring that the Niger Delta region remains a beacon of resilience, opportunity, and peace for its people."

Musa extended his gratitude to Tinubu for his sterling leadership and relentless pursuit of national peace,

The contract was valued at N27.6 billion, with a 12-month completion period.

The fourth project, awarded to Julius Berger, was for the rehabilitation and resurfacing of major roads in Maitama District.

The roads included Yakubu Gowon Crescent, Thomas Sankara Road, JFK Street, Ibrahim Taiwo Street, Muhammadu Ribadu Street, and Shehu Shagari Way (from N13 Ox Junction to Maitama Roundabout).

The contract was valued at N20.4 billion, with a completion period of eight months.

The fifth project, valued at N54.38 billion, was awarded to Dantata and Sawoe Construction Company for the completion of engineering infrastructure in Guzape Lot 1 and 2 and its surrounding neighbourhoods. The project had an 18-month completion period.

The final project was the rehabilita-

security and economic prosperity.

He said, "My heartfelt gratitude also goes to the state governments and peace-loving people of the Niger Delta as well as the JTF SS OPDS for the warm hospitality and unwavering support in hosting this event.”

Responding to questions from journalists after the meeting, the CDS said the meeting was convened for the stakeholders to access activities in the Niger Delta, especially as it affects oil and gas production.

On the outcome of the meeting, Musa added, "We have realised that we need to do more. There is a remarkable improvement but not what as we wished. The president has given us the mandate to hit 2.5m bpd and that is our target.

"Working together we see that we need to do more for all organisations – security agencies, private sectors, the IOCs, and local companies. We have all committed ourselves to do that. We are going to have so much synergies and Nigerians will be proud of the outcome."

Equally speaking, Group Chief Executive Officer, NNPCL, Mr Mele Kyari, appreciated Musa for the meeting. Kyari commended the federal government, the National Security Adviser (NSA), and other

tion of Phase 1, 3, and 4 of the Lower Usuma Dam Water Treatment Plant, awarded to SCC Nigeria Limited. The contract was worth N17.2 billion plus $79,000, with a 12-month completion period.

Bunkure stressed that the projects reflected the Tinubu administration’s commitment to infrastructure development and enhancing essential services in the FCT.

“The Federal Capital Territory Administration is dedicated towards ensuring that residents benefit from world-class infrastructure, adequate water supply, and improved road networks,” she stated.

The minister assured Abuja residents that the government remained committed to completing the projects on schedule, and ensuring long-term benefits for the growing population.

FEC similarly approved the Creative Leap Acceleration Programme (CLAP), a digital platform to support creativity across Nigeria with training, funding, and networking opportunities. Minister of Art, Culture, Tourism and Creative Economy, Hannatu Musawa, disclosed this to newsmen after the FEC meeting. Musawa said CLAP aimed to cater to all 49 creative sub-sectors and help creators become globally recognised. She stated that the “Destination 2030 Nigeria Everywhere” brand was approved by FEC. f Musawa said the initiative focused on leveraging Nigeria's cultural and creative content to enhance its global image. According to Musawa, a seven-part series, titled, “Nigeria Everywhere Shorts,” has been initiated to promote national pride and self-reflection, with plans to distribute it globally.

Equally yesterday, the federal government hinted at taking over sections of the Lagos-Ibadan expressway not completed by contractors before April. Umahi, who gave the hint, said the federal government was determined to inaugurate the project and would not tolerate further delay.

He said the remaining sections the Lagos-Ibadan expressway will be completed by RCC and Arab Contractors, with N30 billion allocated to finalise the outstanding work.

security agencies for their efforts in ensuring the success experienced in the industry.

Kyari, represented by Executive Vice President, Gas, Power and New Energy, Mr. Olalekan Ogunleye, said, "The reality is that not just NNPC, but the entire country is great beneficiaries of the consistent focus being applied to the issue of driving up oil and gas production."

He stated, "We are seeing great synergy but we are dissatisfied that we must do better. What is indisputable is that the way of production that has been launched in NNPC has been successful, but again, we are dissatisfied.

"2025 has to be that year where we all come together, where we all close the gaps, we ensure that we all work together to deliver on the promise of the federal government of Nigeria to translate our oil and gas resources into better living conditions."

Kyari further explained, "The resolution of the NNPC is that as an institution, as a company, the NNPC is committed to doing everything possible, working with our great public security forces to make sure that finally, we draw the line and we drive up oil and gas production for the betterment of our people".

boss, Mrs. Kemi Nandap

ANNUAL GENERAL MEETING / 30TH ANNIVERSARY AND AWARDS CEREMONY...

L-R: Directors, Nnokwa Microfinance Bank Limited (NMFB), Mr. Chris Ibeto; Chief Emeka Uchendu; Rev. Emeka Abone; and Mr. Obi Ibekwe, during the bank’s Annual General Meeting / 30th Anniversary and Awards Ceremony held at Nnokwa, Anambra State ... recently

Nigeria Recording Key Milestones in Cancer Treatment, Prevention, Says FG

As WHO extends commendations for prioritising cancer, NCDs Over 12 million girls immunised against HPV Pink Blue makes case for Cancer Health Fund

Onyebuchi Ezigbo in Abuja

The federal government said it has recorded several achievements in its quest to address cancer challenges in the country ranging from primary prevention through vaccination, early detection, prompt treatment and research.

Speaking on Tuesday in Abuja at a Press Briefing in commemoration of the 2025 World Cancer Day, Minister of State for Health and Social Welfare, Dr. Iziaq Adekunle Salako, said the federal government has made substantial investment in cancer

prevention and care within the last 18 months, probably more than any other administration in the history of our country.

Meanwhile in related development, the World Health Organization (WHO) expressed delight that Nigeria has adopted initiatives that prioritized cancer and non-communicable diseases (NCDs) in general in Health Sector Renewal Initiative through Sector Wide Approach (SWAp).

In his message to mark the World Cancer Day, Country Director of the WHO in Nigeria, Dr. Walter Kazadi Mulombo said in addition to

providing treatment, there is need to adopt perspectives and experiences of individuals, cancer carers, families and communities.

The Minister of State for Health and Social Welfare said the National Primary Healthcare Development Agency (NPHCDA) is leading the Human Papilloma virus vaccination for primary prevention of cancer of the cervix as well as the Hepatitis immunization for prevention of liver cancers in Nigeria.

Salako disclosed that since the National Programme on immunization, HPV Vaccination commenced

in 2023, the country has successfully immunized over 12 million girls for Human Papilloma virus.

In addition, the minister said that the Federal Ministry Health and Social Welfare is upscaling its efforts to improve access to cancer care services in all the Federal Tertiary Hospitals for prompt diagnosis and comprehensive treatment.

His words: "I am happy to announce that sequel to the approval of Mr. President, we have finalized plans to establish and upgrade 6 Federal Teaching Hospitals with new Radiotherapy and Nuclear Medicine facilities across

Afe Babalola: Poor Remuneration Responsible for Doctors’ Emigration from Nigeria

As

23 ABUAD’s medical inductees graduate with distinctions

Gbenga Sodeinde in Ado Ekiti

The founder and chancellor of Afe Babalola University, Ado-Ekiti (ABUAD), Aare Afe Babalola, has called on government to increase the salaries of doctors and ensure prompt payment, saying poor remuneration to Doctors’ emigration from Nigeria.

Babalola made this appeal on Tuesday in Ado-Ekiti during the 7th Induction and oath-taking ceremony of 2024 graduating medical students of the institution.

The elder statesman lamented the remuneration paid to doctors in Nigeria, highlighting its ridiculous earnings to cleaners’ salaries in foreign countries.

His words: “The reason many Nigerian doctors and nurses leave this country immediately after completing their training is because the emoluments paid in naira is much less than what cleaners in hospitals in overseas earn.

“Worse still, doctors in many states and government hospitals have not been paid for many months. I appeal to government to increase the salaries of doctors and ensure prompt payment”.

The legal luminary also faulted the federal government for restricting the beneficiaries of TETFund to only public universities without the inclusion private universities.

Babalola noted that a qualitydriven private university like ABUAD and others, should not be denied access to TETFund, saying it would also help the self-funded institutions to deliver more quality teaching, research and community service.

“I am not asking that the money should be given to private universities to develop structures but the functions of a university properly so-called according to the World Bank are quality teaching, research and community service.

“It is common knowledge that our university is leading in community service, research into the use of African herbs for produc-

Sokoto Pledges Eradication of Tropical Diseases

Onuminya Innocent in Sokoto

The Sokoto State Commissioner for Health, Dr. Faruk Umar Abubakar, has promised that the state was now in a position to eradicate all tropical diseases. He made the promise while speaking at the 2025 World Neglected Tropical Diseases (NTDs) Day organised by the ministry in collaboration with Sight Savers. Abubakar noted the state government has made remarkable progress in the fight against tropical diseases. Dr. Umar Abubakar, however, said there are still five key neglected

tropical diseases the state is battling with.

According to him, the diseases are trachoma, onchocerciasis, lymphatic, filariasis, schistosomiasis, and soiltransmitted helminths.

According to the commissioner, cases of trachoma have reduced drastically as the number of affected local government areas dropped from 14 to zero with a notable decrease in cases across the local government areas. The commissioner acknowledged efforts of the state government and its development partners in combating the diseases.

In his remarks, the State Program Manager, NTDs, Suleiman Mohammed Wamakko, urged people to always maintain hygienic practices.

Other personalities who delivered goodwill messages at the event were Special Adviser to the Governor on Primary Healthcare Development Agency, Dr Muhammad Bello Marnona; Director General, State Drugs and Medical supply Management Agency, Pharmacist Umar Attahiru and that of SOCHEMA Yusuf Abu Abdulkarim, Director Public Health Dr Abdulganiyyu Yusuf and representatives of development partners.

tion of herbal drugs. The question then is, why should government deny private universities access to TETFund for research?”, he querried.

Inducting the graduating medical students, the registrar of the Medical and Dental Council of Nigeria (MDCN), Professor Fatima Kyari, hailed Afe Babalola for putting together standard facilities in the University to equip the students efficiently.

the country.

"Three of the centers are planned to be commissioned in May, 2025 and the remaining three will be commissioned on or before the 2026 World Cancer Day."

Salako said that the administration intends to sustain the drive against cancer scourge throughout the life span so that before 2030, every part of this country would have been equipped to treat all forms of cancers.

The minister said that government is also exploring a unique approach to cancer care through health insurance coverage for cancers, adding that the National Health Insurance Agency (NHIA) has developed a robust concept note and implementation plan for Catastrophic Health Insurance.

According to the minister, the aim is to support patients with end stage renal diseases, sickle cell disease and cancers.

He explained that Catastrophic Health Insurance will benefit from the Basic Healthcare Provision Fund (BHCPF) and other funding mechanisms within the NHIA.

Salako said that the health insurance initiative is a unique strategy being adopted by Nigeria to attain the WHO global target of eliminating cervical cancer and other preventable cancers by the year 2030.

With regard to training and research, the Nigeria Institute for Cancer Treatment and Research said it has provided specialized training for healthcare workers in oncopsychology, ensuring the patient receives holistic

psychosocial care.

NICRAT said it is introducing preventive oncology clinical services in the country, starting with North Central and South West in 2024, paving the way for the organization of cancer screening program in Nigeria. Also, one of the leading anti-cancer advocacy groups - Project Pink Blue held a symposium yesterday in Abuja to seek for more assistance for cancer patients through improved funding for the Cancer Health Fund in the country.

Project Coordinator of Pink Blue, Gloria Okwu said that Cancer Health Fund has become very necessary due to the huge cost associated with cancer treatment in Nigeria.

As part of the 2025 World Cancer Day commemoration, the Minister of State inaugurated the newly constituted the Technical Working group (NM-TWG). The team involves Nuclear Medicine Physicians, relevant training, regulatory institutions and agencies involved in cancer care, financing and research bodies, civil society groups, equipment manufacturers, other relevant professional bodies and cancer advocates. Meanwhile, Country Director of the WHO in Nigeria, Dr. Walter Kazadi Mulombo said: "We should not focus just on treating the disease, but we adopt perspectives and experiences of individuals, carers, families and communities as participants in, and beneficiaries of health systems that respond to their needs and preferences in holistic ways.

CSOs Decry Alarming Rate of Sexual Abuse, Gender-based Violence in Nigeria

Civil Society Organisations (CSOs) have decried the alarming rate of sexual abuse and gender-based violence (GBV), in Nigeria.

Speaking at a two-day capacity building workshop, Manager, Kaduna State-based Salama Sexual Assault Referral Centre (SARC), Grace Abbin, revealed that a woman is either violated or killed every ten minutes in Nigeria.

Abbin stated that violence has severe short and long-term effects on survivors and their families, including physical harm, emotional distress, and even death.

She noted that rape and sexual assault can result in unwanted

pregnancies, complications during pregnancy and birth, and sexually transmitted infections (STIs), including HIV.

According to Abbin, the centre's statistics on GBV are indisputable, and the truth is that Nigeria still has a long way to go in addressing the issue.

However, she acknowledged that progress is being made as people begin to speak up.

Advocacy efforts to encourage victims of sexual abuse to speak up have yielded significant results, with reported cases skyrocketing to 4,426, involving 3,600 women.

Abbin emphasized the importance of seeing survivors as resilient individuals who seek to move

forward despite their circumstances, rather than as victims.

The Senior Programme Officer at Global Rights Nigeria, Noya Sedi, explained that the training aimed to strengthen coordination between formal and informal structures, creating a linkage of referral pathways to community dialogue committees and sexual assault referral centres.

Sedi lamented the government's lackluster attitude towards addressing GBV, stressing that it is not treated with the urgency it deserves. She noted that Global Rights, aims to create a more robust referral pathway and response mechanism that links relevant sectors together at the state level.

Linus Aleke in Abuja

Acting Group Politics Editor DEJI ELUMOYE

Email: deji.elumoye@thisdaylive.com

08033025611 sms only

Much Ado About IG Egbetokun’s Tenure

The legality or otherwise of the tenure of the 22nd Inspector General of Nigeria Police, Kayode Egbetokun, has dominated public discourse since September, 2024, when he attained the mandatory retirement age of 60 as provided for in public service rules. linus Aleke writes.

Kayode Egbetokun, who took the mantle of leadership of one of the nation’s lead law enforcement agencies- the Nigeria Police Force (NPF), as Inspector General in June, 2023, replaced the 21st IGP, Usman Alkali, after his appointment by President Bola Tinubu.

Interestingly, this is not the first time the nation’s top cop is facing this kind of criticism and growing concern from citizens and civil society organisations over retirement age and tenure elongation.

The difference that most critics have failed to come to terms with is the fact that the circumstances surrounding the tenure elongation of the past IGPs is different from what is obtainable today.

The subsisting tenure of IGP Egbetokun does not in any way offend the nation’s law. His appointment for a term of four years was in accordance with the nation’s legal instrument. This is however, in contrast to the political intrigues of the past where those whose tenure was extended were caught in the web of illegality.

Nevertheless, while Egbetokun ‘s predecessors may have been caught in the web of legal infractions that led to their unceremonious exit, the current case is totally different as President Tinubu’s action is in compliance with the Amended Police Act 2024, which provides four year term of office for Inspector General of Police.

Puting to rest the controversial debate over the legality or otherwise of Egbetokun ‘s continuity in office after attaining the retirement age of 60 years in September last year, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), dismissed the notion that IGP’s four years tenure is an act of illegality, asserting that the continuous stay in office of the IGP, Egbetokun, is legal and lawful.

A statement personally signed by him, averred that: “The appointment of Egbetokun

which took effect from 31st day of October, 2023 would have come to an end on his attainment of 60 years of age on 4th day of September, 2024.

“However, before his retirement age, the Police Act was amended to allow the occupant of the office to remain and complete the original four year term granted under Section 7 (6) of the Act, notwithstanding the fact that he has

attained the age of 60 years”.

He further explained: “This has therefore, statutorily extended the tenure of office of Egbetokun to and including 31st day of October, 2027 in order to complete the four- year tenure granted to him.

“For the avoidance of doubt, Egbetokun’s continuous stay in office is in line with the provisions of the Police Act amended in 2024 which allows the occupant of the office to enjoy

a term of four years effective from the date of his appointment as IGP, in this case, 31st day of October 2023”.

The advisory, the minister said, was necessary for the guidance of the general public.

Supporting the submission of the chief law officer of the federation, a Senior Advocate of Nigeria (SAN), Kunle Adegoke, said while the move might not explicitly violate any constitutional provisions, its legality remained subject of judicial interpretation.

Adegoke explained that the general rule of appointment and reappointment allowed the appointing authority to extend an official’s tenure unless a statute explicitly forbids it.

He said :“Where a specific tenure is provided by law, it may not be within the power of the appointing authority to extend it, except where a second term is allowed.

“However, in cases where the law does not expressly prohibit reappointment or tenure elongation, the general rule is that what is not forbidden is permitted.”

Adegoke also pointed out, that there are differences between civil service regulations and the laws governing the police and military.

“Members of the armed forces, police, and paramilitary organisations have special rules guiding their appointments and tenures. They are not necessarily bound by the general civil service regulations. So, that is what distinguishes the civilian from the military or paramilitary institutions existing in the country,” he pointed out.

Some other legal experts however, argued that the civil service regulations are inferior to an Act of Parliament, hence the continuing in office of the IGP after attaining the retirement age remains legal and binding.

But raising a fresh concern about the ongoing debate, the Executive Director,

on www.thisdaylive.com

AbdulRazaq: Reshaping Nigeria’s Creative Industry

seun oloketuyi writes that Governor a bdulRahman a bdulRazaq has become the architect of modern filmmaking in Nigeria with his establishment of a Sugar Film Factory - as a game changer for the Creative Industry - in Ilorin, the Kwara State capital.

At age 65, Governor AbdulRahman AbdulRazaq is not just governing Kwara State—he is reshaping Nigeria’s creative industry. His administration’s landmark achievement, the Sugar Film Factory, is a testament to his commitment to positioning Kwara as a premier hub for movie production in West Africa.

The Sugar Film Factory: A Game-Changer for the Creative Industry

Located in Ilorin, Kwara State capital, the Sugar Film Factory is a state-of-the-art facility designed to elevate film, television, and photography production in Nigeria. With world-class infrastructure and cutting-edge technology, the studio provides a dedicated space for filmmakers, content creators, and media professionals to bring their visions to life.

Key Features of the Factory

Cyclorama Studio – A seamless, curved background studio ideal for special effects and chroma keying, enabling high-quality green screen production.

TV Production Studios – Two fully equipped studios designed for television production, ensuring that broadcast-quality content can be produced within the facility.

Independent Film Production Studio – A large space designed for feature film production, with ample room for set construction and advanced equipment.

that encourage collaboration and networking among industry professionals.

Canteen – A well-equipped cafeteria providing meals and refreshments for cast and crew.

AbdulRazaq’s Achievements with the Sugar Film Factory

Governor AbdulRazaq’s vision for the Sugar Film Factory extends beyond just building infrastructure. His administration has ensured that the facility contributes significantly to the state’s creative economy.

Completion of a World-Class Film Studio.The full completion of the Sugar Film Factory is a major milestone in Kwara’s creative sector. The facility meets international production standards, making it an attractive destination for Nollywood and global filmmakers.

Creation of Jobs and Economic Growth

The film industry is a major employer worldwide, and the Sugar Film Factory is playing its part in job creation. The facility has already generated over 100 direct jobs and more than 500 indirect jobs, benefiting actors, directors, cinematographers, set designers, and production crews.

Green Rooms & Makeup Facilities – Comfortable spaces for actors and crew to prepare and relax, ensuring smooth production workflow.

nurture local talent.

Rooms – Dedicated spaces for filmmaking workshops, technical training, and creative development to

Photography Studios – Professional studios designed for portrait and commercial photography, equipped with advanced lighting and camera equipment.

Co-Working Offices – Shared office spaces

-Oloketuyi writes from Ilorin, Kwara State capital.

IGP Egbetokun

Abdulrazaq

Kayode Tokede

Amid a steep rise in the Monetary Policy Rate (MPR) to 27.50 per cent, five Nigerian banks generated N2.6 trillion in interest income from loans and advances to their customers, analysis of their unaudited financial reports for the year ended December 31, 2024 has revealed.

This is about 91.5 per cent increase from N1.36 trillion generated by these five banks in the 2023 financial year.

The banks are: FCMB Group Plc, Wema Bank Plc, Stanbic IBTC Holdings Plc, FBN Holdings and Sterling Financial Holdings Company Plc. The five banks recently released unaudited result and accounts to the investing public as demanded by the Nigerian Exchange Limited (NGX).

The likes of Access Holdings Plc Zenith Bank Plc, United Bank for Africa Plc (UBA), Ecobank and Guaranty Trust Holding Company Plc (GTCO) are expected to release audited result and accounts once the CBN grants approval on or before March 2025.

The breakdown showed that FBN Holdings raked N1.36 trillion from

loans to customer in 2024, about 124 per cent increase from N609.82 billion reported in 2023.

FCMB Group disclosed N433.09 billion interest income from loans to customer in 2024, about 59 per cent increase from N272.9 billion in 2023, while Stanbic IBTC Holdings announced N391.62 billion interest income from loans to customer in 2024, representing an increase of 71 per cent from N229.6billion in 2023.

In addition, Wema Bank posted N230.98 billion interest income from loans to customer in 2024, a growth of 89 per cent from N122.18 billion as Sterling Financial Holdings Company reported N177.61 billion interest income from loans to customer in 2024, up by 45 per cent from N122.3 billion declared in 2023.

From the 2024 unaudited result and accounts, the five banks generated a sum of N4.22 trillion from interest on loans & advances to banks, and customers, government securities, an increase of 122 per cent from N1.9 trillion declared in 2023.

As the MPC of the Central Bank of Nigeria’s (CBN) voted to hike interest rate to 27.50 per cent in 2024, average maximum lending rate rose to 29.71per cent

in December 2024 from 26.62 per cent December 2023, reflecting the impact of tighter monetary policies aimed at controlling inflation and stabilizing the naira.

Maximum rate is the upper limit of interest rates for loans provided to the sector, which might apply to higher-risk scenarios or different loan structures.

Also, the average prime lending rate to bank customers in Nigeria closed 2024 at 18.56 per cent, the highest point since 2010 as MPR last year gained momentum.

CBN revealed that the average prime lending rate that opened 2024 at 13.82 per cent, gained 474basis points to close 2024 at 18.56 per cent amid increase in MPR from 18.75 per cent to 27.50 per cent.

The rate highest peak was 18.74per cent February 2010 when MPR was at six per cent.

The prime lending rate is the interest rate that banks charge their most creditworthy customers, usually large corporations and it serves as a benchmark for many other loans, including personal and business loans.

As gathered by THSIDAY, the Nigeria’s average prime lending

rate reached an all-time high of 19.66 per cent in November 2009 and a record low of 11.13per cent in March 2021.

The steady increase in MPR reflected in the average prime lending rate last year as the CBN intensifies its effort to tackle inflation rate and stable the local currency at the foreign exchange market.

The first hike in MPR was rate from 18.75 per cent to 22.75 per cent, the second to 24.75 per cent, the third to 26.25 per cent, the fourth to 26.75 per cent and recently 27.25 per cent in the September 2024 MPC meeting.

MPR, thus, moved to 27.50 per cent November 2024 with the average prime lending rate jumping to 18.39 per cent in November 2024 to eventually closing last year at 18.56per cent.

These increases, totalling 875 basis points in MPR since Mr. Olayemi Cardoso’s appointment, have been driven by efforts to tackle the country’s persistent inflation challenges, which include high core and food inflation.

An investigation by THISDAY showed that the increase in MPR

impacted on banks average prime lending to their customers in 2024.

However, the steep increase in the policy rate has sparked concerns regarding the potential impact on the cost of credit for businesses already facing economic hardships.

Fitch Ratings had projected that the CBN would maintain a stand on continued tightening policy in the near term, which seems necessary to more fully control inflation as rapid credit and money-supply growth suggests a still-loose monetary context.

“Such a tightening will still face implementation challenges, partly due to the potential for countervailing political pressure. However, without further sizeable monetary tightening, it may be difficult to achieve macroeconomic stability – real interest rates remain negative, deterring inward portfolio investment,” Fitch Ratings added.

Speaking with THISDAY, Investment Banker & Stockbroker, Mr. Tajudeen Olayinka said the growth in interest income generated by banks on loans to customers is a reflection of a hike in MPR by CBN.

He expressed that banks review

their lending rates on a regular basis, subject to their respective cost of funds and the direction of MPR, not necessarily using MPR as a distinct value.

According to him, the MPR signals to them the direction of interest rate in the market and the price they will pay if they have to borrow from or lend to CBN.

“Therefore, their deposit mix, which includes idle customers’ deposits, determines what their weighted average cost of funds would be. They then factor in the signal from MPR, to enable them to arrive at their various prime lending rates which are usually reserved for their prime customers,” he added.

The Chief Research Officer, InvestData Consulting Limited, Mr. Omordion Ambrose said, “Businesses need a lot of credit facilities to survive, but in an environment where the lending rate is astronomical, many enterprises, especially small and medium-scale, might find it extremely difficult to survive as their products will remain uncompetitive and the cost of production and the sale prices to consumers will remain high.”

Nigeria’s banking sector saw a remarkable expansion in 2024, with active accounts surging to 331.6 million by December, reflecting an increase of 122.3 million accounts from 209.3 million in January 2024.

In January, 2024, Nigeria recorded 209.3 million active accounts. The figure grew to 213.0

million in February, adding 3.7 million new accounts. March saw a sharper increase to 219.6 million, reflecting a monthly gain of 6.6 million accounts. The upward trend continued with 221.7 million in April, 2.1 million increase and 223.1 million in May, 1.4 million increase. June recorded a further rise to 225.5 million, adding 2.4 million new accounts. The second half of the year saw

a stronger growth trajectory. July saw active accounts increase to 231.1 million, reflecting a 5.6 million monthly rise. August followed with a marginal increase to 233.2 million, 2.1 million new accounts.

However, in September, there was a sharp spike, with active accounts reaching 291.6 million, adding 58.4 million accounts in one month. October continued the momentum, reaching 297.5 million

(5.9 million increase), followed by 302.8 million in November a 5.3 million increase. Finally, December closed the year at 331.6 million, marking the highest monthly increase of 28.8 million new accounts.

Despite the rise in active accounts, dormant accounts increased from 21.7 million in January to 25.4 million in December. The steady growth of inactive

accounts suggests that while financial inclusion is expanding, a significant number of account holders remain disengaged.

Despite the rapid expansion in e-payments and PoS transactions, Bank Verification Number (BVN) registrations grew at a slower pace. This trend highlights the divergence between financial access and formal financial inclusion. BVN enrollment stood at 64.92

million in January 2025, but ended the year at 63.47 million, reflecting a net growth of 3.36 million in one year. The relatively slow BVN growth suggests that a large portion of Nigeria’s expanding financial activities is happening outside the formal banking system, reinforcing the need for stronger policies to integrate more individuals into regulated financial frameworks.

Nume Ekeghe

Lagos Free Zone Seeks Increased Investment from UK Businesses

Eromosele Abiodun

The Chief Executive Officer, Lagos Free Zone, Adesuwa Ladoja, called for increased collaboration to boost investments from businesses residing in the United Kingdom. Reinforcing the fact that the Zone remains the preferred investment destination, showcasing world-class infrastructure and incentives for potential investors, Ladoja highlighted the pivotal role of LFZ in providing optimal environment for conducting businesses through the removal of regulatory permit bottlenecks and provision of key infrastructure.

Kayode Tokede

Standard Chartered Bank

He stated this when he hosted a high-powered delegation of the British Deputy High Commission at the zone in Lagos.

“It is an absolute honour to welcome you and the delegation and show what we have done at Tolaram in the last three decades. We are happy that we are playing

our part to improve the ease of doing business in Nigeria,” she said. She noted that the Zone was getting the much-needed support from the federal government to improve the business environment through the provision of road and rail infrastructure. She disclosed the commencement of the construction

of coastal roads by the federal government with plans to ensure rail alignment along the route in no distant time.

In his remarks, the British Deputy High Commissioner, Jonny Baxter explained that the Lagos Free Zone presents the opportunity for the United Kingdom to strengthen economic bond with Nigeria.

Standard Chartered: Nigeria, Others Positioned for Resilient Growth in 2025 Mustard

Nigeria Limited has hinted that Nigeria and other African countries are positioned for resilient growth, stressing that the continent expected to remain key drivers of resilience and innovation, supported by strategic investments, sectoral diversification, and proactive fiscal policies.

The financial institution stated this during to its 2025 Global Market Outlook event to explore the evolving global financial landscape and its implications for Nigeria in 2025.

The bank stated that Africa’s growing economic significance remains on an upward trajectory, with several countries leading the way in 2025.

“Benin, Côte d’Ivoire, and Ethiopia are forecasted to achieve some of the continent’s strongest growth rates, driven by industrial expansion, infrastructure development, and hydrocarbon production.

“Investment momentum across Africa continues to strengthen, with infrastructure projects and industrial initiatives attracting foreign, domestic, and public-private partnerships. Resilience in key

sectors, such as Botswana’s diamond industry, Côte d’Ivoire’s hydrocarbons, and Mauritius’s tourism, highlights the continent’s ability to adapt and thrive in a complex global environment,” it said.

Speaking on the global outlook’s impact on Nigeria and investment opportunities for stakeholders, Ernest Adejumo, Head of Investment Advisory and Strategy at Standard Chartered Bank Nigeria Limited, said, “As global economies evolve, so should your strategy. Stay ahead by tapping into the expertise of your wealth specialists, ensuring

your financial goals align with emerging opportunities. At Standard Chartered Bank Nigeria, you are never alone on your wealth journey- we are with you every step of the way.’

Strategic investments in global equities, gold, and high-yield bonds are expected to present key opportunities in 2025. Investors are encouraged to adopt disciplined and diversified strategies to capitalize on market trends while safeguarding against potential risks, such as inflation surprises or shifts in monetary policy.

NAICOM Releases New Regulation on Annuity Business Underwriting

In its bid to checkmate mishandling of annuity business by some life insurance underwriting firms and usher in a regime of best practices in management of their annuity portfolio, the National Insurance Commission (NAICOM), at the weekend released a new regulatory requirements for life insurance firms underwriting annuity.

An annuity is an income purchased from an approved life insurance company by a retiree with his paid lump sum entitlement which he saves with an insurance firm as annuity to provide him with monthly or quarterly income during his/her lifetime.

Section 7 (1) of Pension Reform Act 2014 says that retirees or those who have reached the age of 50 could use the balance in their retirement savings account (RSA) to purchase an annuity.

It says they can purchase the annuity from a life insurance company licensed by NAICOM.

It further says the retirees could choose to receive payments monthly or quarterly.

One of the benefits of receiving retirement benefits through annuity according to insurance experts is that through annuity savings, retirees can receive payments for the rest of their lives.

However some life insurance companies keeping retirees’

annuity have in one way or the other betrayed the trust reposed on them by their annuity buyers.

It was against this backdrop that NAICOM has of recent become hard on life insurance firms underwriting annuity.

THISDAY findings revealed that the latest regulatory requirements by NAICOM may not be unconnected with the recent experience of some annuitants with one of the prominent life insurance underwriting firms - the African Alliance Insurance which kept its annuitants stranded as a result of its failure to meet its financial obligations to the insuring public.

NAICOM in its latest regulatory

requirement on annuity said it took effect from February 1,2025.

According to the new regulation, life insurance companies underwriting annuity will be required to have at least one qualified actuary responsible for Assets-Liability Matching (ALM) analysis and implementation.

Such underwriting firm is also required to submit ALM reports to NAICOM quarterly, with requirements outlined in the circular such as required actions by insurers depending on the results from specific analysis applying guidance provided in the NAS Standards of Actuarial Practice (NSAP).

Dominion City Empowers Members, Proposes N1bn Entrepreneur Support Fund

Nume Ekeghe

Dominion City Church in a bid to equip members for exponential growth and foster sustainable socio-economic advancement, has budgeted N1billion to empower entrepreneurs in the country.

The church in a statement noted that these were among the outcomes of the just-concluded 2025 Lagos Executive Leadership Retreat for Entrepreneurs & Career Professionals, which was held with the President of Dominion City Global, Dr. David Ogbueli, at the church’s Lagos headquarters.

The five-day retreat aimed to equip individuals with the tools and mindset to improve their economic standing and society through wealth creation, to become 10 times more productive, imbibe business innovations, access global opportunities, and primarily be useful for kingdom work.

The President of Dominion City Global, Dr. Ogbueli, who proposed a N1billion support fund for entrepreneurs, stated that one of the goals of the empowerment retreat is to equip congregants with the skills, resources, and

support necessary to succeed in business and their careers, thereby preparing them to go global and strengthen both individual livelihoods and the broader society.

He emphasised the potential for exponential growth in careers and endeavors, calling for participants to achieve 10-fold progression while advancing God’s kingdom.

According to him, Dominion City is empowering God’s children to be problem-solvers and solution-givers, enabling them to turn societal problems into opportunities.

Ogbueli also urged the church

to embrace God’s principles and consistently provide solutions to societal problems to prosper.

“You have to give God something to work with. God’s blessings have to rest on something. You plant the seed, and God sends the rain, which brings the harvest. You are not going to prosper if you cannot find solutions to people’s problems. It is your information that will plant the seed. No amount of prophecy will guarantee the outcome if you don’t add your part to it. No matter what is prophesied to you, your choices determine the outcome,” he advised.

Baxter, citing the relationship between UK and Nigeria which will be strengthened given the opportunities that Lagos Free Zone offers, expressed optimism that both countries would leverage the opportunities by taking comparative advantage of each other’s economies.

He explained that the integration of Lekki Port and Lagos Free Zone

remains a game changer that will attract investments an help to improve Nigeria’s economy. He urged the management of the Zone to introduce more efficient and effective practices that would facilitate a business-friendly ecosystem and encourage more investors to see the location as a viable investment destination.

“Well, I think bilateral trade between the UK and Nigeria is strong. I think the advice I have for the promoter of the Zone is to ensure that businesses in Nigeria are properly integrated into the market such that we can witness developments, potentially create new markets and create new supply chains, for which the rest of Nigeria can benefit as well,” he said.

Mustard Insights, a Nigerian data service start-up firm that provides African data to players in key industries to enable them stay ahead of the curve, has launched Its Nigeria’s Business Survival Report for the year 2024, highlighting key strategies for sustainable business growth amid economic downturn.

To better understand the impact of these harsh economic conditions on businesses in Nigeria, and the strategies employed to navigate them, Mustard Insights, the company said it conducted an in-depth survey of over 100 business leaders, culminating in the Nigeria’s Business Survival Report 2024: Strategies for Sustainable Business Growth Amid Economic Turbulence.

“The year 2024 no doubt, was a challenging one for businesses operating in Nigeria, and Africa by extension. Headline inflation rose to 34.80% in December, up from 34.60% in November, marking the fourth consecutive monthly increase and the highest level in almost three decades.

The country’s economy also faced significant disruptions following the removal of fuel subsidies, devaluation of the Naira, food scarcity, amongst others. These factors contributed to the skyrocketing costs of essential commodities such as food, power, and transportation, making survival a daunting task for both individuals and businesses. Many companies had to put their expansion plans on hold, while some were forced to shut down, divest, or report major losses,” it said.

Following a broad macroeconomic overview, the report sets the stage by creating a schematic visualization of the combination of factors responsible for the country’s cost of living crisis.

Next, it offers a comprehensive analysis of how businesses performed between 2023 and 2024, detailing how the economic downturn affected revenue, direct costs, job retention, amongst others, while also providing industry sentiment and projected outlook from business owners and top executives. Additionally, it presents insights into the strategic responses companies adopted to navigate the tough market conditions.

While the findings in this report are derived from extensive research, and the direct input of business leaders, entrepreneurs, and industry stakeholders, it also covers in-depth comparative analysis of Q3 results for the last three-year period (2022, 2023, and 2024) to assess comparative changes in revenue, direct costs, total expenses, and salaries of a sample of Nigeria’s top-listed companies on the NGX-30.

An excerpt of the report reads, “Similar to survey insights where raw material cost was identified as the highest cost element (input costs), analysis of NGX companies reveal a significant increase in costs in the year 2024 compared to 2023 compared to the rise in direct costs from 2022 to 2023.

“While between 2022-2023 y-o-y, 70% of listed companies experienced only less than a 50% increase in direct costs, 20% experienced a 51% to 100% increase in direct costs, and only 10% had above 100% increase in costs, in YTD Q3 2024 compared to the same period in 2023, 80% of companies experienced as much as 51% to 100% increase in costs and 20% experienced above 100% increase in direct costs. None of the analyzed companies experienced less than a 50% increase in direct costs in 2024.”

Ebere Nwoji

L-R: Minister of Budget and Economic Planning, Senator Abubakar Bagudu; World Bank Group Executive Director for Angola-Nigeria-South Africa (ANSA), Ms Zainab Ahmed; and the ministry’s Permanent Secretary, Dr Vitalis Obi, during the visit of the global bank’s director to the ministry in Abuja… yesterday

Nigerian Tech Expert, Daodu, Shines in Dubai as Global Ambassador

Raheem Akingbolu

A Nigerian tech expert, Folajimi Daudu, recently rose like a Phoenix from its ashes, and shone brightly at the just concluded FEEL Programme – A Disruptive Futures programme hosted by the Dubai Future Foundation (DFF), where he made Nigeria proud as global innovation ambassador.

Daodu, who sits atop as the CEO Vault Hill was the only Nigerian participant out of 43 selected from over 1,500 applicants as part of an elite cohort chosen to participate in a groundbreaking four-week programme. This programme symbolises more than just personal achievement—it’s a bridge between Nigeria and the UAE, connecting two regions rich in talent and potential.

Over the course of the programme, Daodu represented Nigeria with distinction, building connections and showcasing the ingenuity of Africa’s tech ecosystem.

His company, Vault Hill, has been a pioneer in tech innovation, with products like Hillda, an AI-powered business companion, redefining how businesses operate globally.

Through his participation, Daodu amplified the message that Nigeria is not just a player but a leader in the global innovation space.

The programme featured a series of transformative experiences, including a private meeting with H.E. Dr. Sultan Saif Al Neyadi, the first Arab astronaut to perform a spacewalk and the Minister of Youth in the UAE.

Daodu reflected on the humility and

resilience of a man who represented his nation on the International Space Station while balancing the personal challenges that come with such groundbreaking achievements.

It was a reminder of the shared human experiences that unite us, no matter the heights we reach.

The programme concluded with a prestigious event where H.H. Sheikh Hamdan bin Mohammed Al Maktoum, Crown Prince of Dubai, addressed the cohort, underscoring the UAE’s commitment to fostering global innovation.

Adding to this moment of pride, H.E. Khalfan Belhoul, CEO of the Dubai Future Foundation, personally presented Daodu with a certificate of attendance, symbolising his contributions to this visionary initiative.

Coca-Cola Unveils Packaging Hub to Address Waste Collection Challenge

Raheem Akingbolu

The Coca-Cola System in Nigeria, comprising Coca-Cola Nigeria Limited. and its authorised bottler, Nigerian Bottling Company (NBC), has unveiled a state-of-the-art packaging collection hub in Lagos to tackle waste collection.

During the commissioning recently in Lagos, Chief Executive Officer, Coca-Cola, Zoran Bogdanovic, said that the facility aimed to reduce waste by collecting and recycling its packaging in Nigeria.

The News Agency of Nigeria (NAN) reports that the facility, a landmark initiative in Nigeria’s plastics recycling infrastructure, has the capacity to process up to 13,000 metric tonnes (MT) of plastic bottles annually.

Bogdanovic said that by investing in the hub, the company was supporting local communities, creating jobs and demonstrating its commitment to building a more sustainable future.

He said that the investment underscored its global goal to help reduce packaging waste and emissions.

He said that this could be achieved using 35 per cent to 40 per cent recycled materials in primary packaging of plastic, glass and aluminium, and increasing recycled plastic use to 35 per cent globally.

“We are proud to partner with the Nigerian government in addressing the critical challenge of waste management while fostering economic growth,” he said.

In her remarks, Coca-Cola Company’s Africa Operating Unit

President, Luisa Ortega, said that for nearly 75 years, the Coca-Cola System was honoured to be part of communities in Nigeria.

Ortega said that through collaboration with local and global partners, the company would continue to expand its design innovations, explore new collection models and improve existing ones.

She said that the company would invest in local infrastructure like the hub, and engage with communities to help create a better shared future.

The Minister of Trade and Investment, Dr Jumoke Oduwole, described the launch as a significant step in the country’s collective commitment to sustainability, economic growth, and environmental responsibility.

Effective HR Practices, Key to Driving Economic Growth, Says Expert

Sunday Ehigiator

Head of Human Resources, Tedell Global Resources Limited, Adegbenro Della Adetokunbo, has highlighted effective Human Resources (HR) practice as a very key component to drive economic growth.

Speaking at a recent media chat, Adetokunbo said Human Resources (HR) and the economy are intricately linked in a symbiotic relationship that shapes the prosperity and growth of any nation.

According to her, “HR encompasses the management of an organization’s workforce, focusing on recruitment, training, development, and employee welfare.

The economy, on the other hand, is the large-scale system of production, distribution, and consumption of goods and services. “Effective HR practices are pivotal in enhancing productivity and innovation within the workforce. By investing in employee training and development, organizations can foster a more skilled and adaptable workforce. This, in turn, leads to higher productivity levels, as employees are better equipped to perform their tasks efficiently and creatively.

“For instance, countries with robust HR practices, such as continuous professional development and employee engagement programs, often

experience higher economic growth rates. This is because a well-trained workforce can drive innovation, improve product quality, and increase competitiveness in the global market.”

He added, “Conversely, the state of the economy significantly impacts HR strategies and practices. During periods of economic growth, organisations are more likely to invest in their workforce, offering better salaries, benefits, and career development opportunities. This can lead to higher job satisfaction and employee retention rates, which are crucial for maintaining a stable and motivated workforce.”

Vitafoam Defies Economic Headwinds, Announces Impressive Interim Results

Vitafoam Nigeria Plc has announced its financial statement for 3-month ended 31 December, 2024, showcasing significant growth despite the challenging operating environment.

By the statement sent to the Nigerian Exchange Limited (NGX), the Group reported a Profit Before Taxation of N4.469 billion as at 31 December, 2024, an increase of 100 percent over N2.236 billion posted in the corresponding year.

The Group’s net profit

rose by 91 percent to N2.980 billion from N1.562 billion, evidence of operational efficiency. In the review period, Earnings Per share, (EPS) increased by 94 per cent from 114 kobo in December 31,2023 to 221 kobo in December 2024.

The Group’s Total Assets also rose to N58.173 billion from N51.348 billion, an increase of 13,29 per cent.

“We are pleased to report these impressive results, which demonstrate our commitment to delivering

value to our stakeholders despite the economic headwinds. Our strategic focus on operational efficiency, innovative product offerings, and customer satisfaction has enabled us to navigate the challenging environment and achieve significant growth. We remain optimistic about the future and are confident that our strategies will continue to yield positive results.”, says the Group Managing Director and Chief Executive Officer, Taiwo Adeniyi.

Liberia Seeks Nigeria’s Collaboration On Climate Change

Sunday Aborisade in Abuja

Lawmakers and environmentalists from the Republic of Liberia have sought collaboration with Nigeria on measures to combat effects of climate change, which is currently ravaging many countries of the world.

The Liberian delegation, led by Hon Ernest Manseah Snr, stated this in separate sessions with the Senate and House of Representatives Committees on Ecology and Climate Change in Abuja.

Manseah Snr told the Senate Committee on Ecology and Climate Change chaired by Senator Seriake Dickson (Bayelsa West),

said Nigeria being a country that is far ahead of others across the globe on mitigation against climate change, is seen as a place to visit and learn .

He said, “We have come to learn from you Distinguished members of this committee on how Nigeria as a country, has been mitigating the effects of climate change. We are here to engage with you on that and take home , very remarkable measures being taken here to confront the environmental challenges caused by climate change.

In his remarks, Dickson said Climate Change remained a major challenge , requiring all

African countries to put up thinking cap for required ways of rising up to the challenge .

The former governor of Bayelsa State said, “Here in Nigeria, for effective way of confronting challenges of climate change , we have an Act or better put, law with relevant provisions for measures and actions that will mitigate its effects .

“The Act or law, is the first in Africa which makes Nigeria, one of the leading countries in the world addressing the issues of climate change but nonetheless, still needs collaboration with other countries for more effective ways of confronting challenges of climate change.”

Cascador Deepens Nigeria’s Entrepreneurial Ecosystem

Cascador, a transformative programme for mid-stage entrepreneurs in Africa founded in 2019, has stated that the firm’s ultimate goal is impact.

This was stated during the alumni meeting of the company held recently in Ikeja.

According to the Founder of Cascador, Dave DeLucia, “Impact can come in a variety of forms: social impact, job creation, innovative solutions to problems, or providing opportunities for women, the poor, or disadvantaged communities to advance.

Rather than offering grants or working through NGOs, we have elected to empower the entrepreneurs who are solving problems and making an impact through for-profit ventures.”

He said: “By developing leadership skills, financial acumen, connections, sources of capital and other resources to help them scale, we turbo charge their companies and make their impact possible. We also hope to inspire a spirit of humility, philanthropy and community that drives them to become leaders who give back to their country and community for years to come.”

Speaking about the programme curriculum in 2024 and how it has helped the entrepreneurs, Director of Cascador, Trish Thomas, said: “Our cohort members today have a much more expansive learning experience than our early Cascadors. A practical example of the improvement

to our curriculum and timeline is that Founders have time to take their education back to their team and apply it in their real-world operating environment.”

She added: “We taught the importance of knowing your customer and building your products, services and experiences around their needs. Today, our founders have time to complete a 3-week customer research project with their team, share their insights, and get our help in applying their findings to their business model. We also create a more lasting bond between the founders in each cohort through extended interaction, and teach a more holistic curriculum than before.”

Saharan Blend (Algeria), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic

Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Agama: Blockchain Technology to Improve Capital Market Efficiency, Aid Regulation

Kayode Tokede

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama has emphasized that the deployment of blockchain technology will improve efficiency and aid the regulation of the capital market.

Agama stated this during a session with a delegation from Algorand Foundation, at the Commission’s headquarters in Abuja.

Essentially, blockchain is

a decentralized system that enhances trust and security by allowing multiple parties to independently verify and validate transactions without needing a central authority.

Agama said in Africa, where there are significant issues such as financial exclusion, lack of transparency, and inefficiencies in public and private sectors, blockchain presents an opportunity to build a future where the challenges can be addressed as

blockchain is a digital ledger technology that securely records and verifies transactions across a network of computers.

Furthermore, the SEC DG said the commission is consistently aligning with international best practices by collaborating with global regulatory bodies such as the International Organization of Securities Commissions (IOSCO), adding that this ensures that the commission’s regulatory framework remains robust, adaptive, and aligns with global

standards, enabling cross-border collaboration and fostering investor confidence.

He disclosed that the SEC has introduced several measures to ensure that these innovations are harnessed responsibly: Accelerated Regulatory Incubation Program (ARIP) and Regulatory Incubation (RI) Program: The ARIP and RI Program were designed to on-board firms operating in the digital asset space and provide a controlled environment to test new models,

products, and services.

These programs, he stated, foster innovation while ensuring that robust consumer safeguards are in place adding that the recent approval-in-principle granted to two digital asset exchanges and five firms participating in these programs is a testament to our commitment to enabling innovation.

According to him, in this era of technological innovation, the question is not whether Africa will adopt blockchain, but how

it will shape its adoption to maximise its benefits for all the people.

“We want to activate the blockchain in our efficiency; we want to be able to use it to regulate our market. My dream is to have all of the information we need to do our work in a block chain. We want to bring technology into our system for effectiveness where we can work seamlessly and everything that we do will be traceable.

PRICES FOR SECURITIES TRADED ASOF FEBRUARY 4/25

A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager. Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return.

An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the

floor of the Nigerian Stock Exchange.

A REIT (Real Estate Investment Trust) is an investment vehicle that allows both small and large investors to part-own real estate ventures (eg. Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange.

GUIDE TO DATA:

Date: All fund prices are quoted in Naira as at 31 January-2025, unless otherwise stated.

With Love From Abdulrazaq

By Raheem Adedoyin

Today is Governor AbdulRaman AbdulRazaq’s 65th birthday. There will be plenty of congratulatory messages especially in newspapers and on social media. Special prayers will also be held to commemorate the milestone.

Birthday gifts? The Governor is averse to loud celebrations; so, you won’t probably find him in Kwara today to hand him your gifts.

But the Sardauna of Ilorin Emirate and Akorede of Oro Kingdom actually received a unique birthday gift a week ahead of the celebration today. It was from Nigeria’s First Lady, Senator Oluremi Tinubu who was the Governor’s guest for three days ( 28th- 30th January, 2025) in Ilorin last week.

The first lady’s gift came in the form of a resounding testimonial on the outstanding performance of the Governor in office and the abundant love that that performance elicits in Kwara State.

“I see the love you (Governor AbdulRahman AbdulRazaq) have for your people. It’s quite infectious. This shows that you’re a core politician” the first Lady remarked at a banquet organised in her honour.

With his people, ( Kwarans) the love is mutual as Mrs Tinubu acknowledges: “ We know you people of Kwara State greatly love your Governor”.

The love goes even further and deeper , extending to the inner recesses of Nigeria’s first family

“We also love him; Mr. President loves him even more. That’s it! “

The cultivation and spread of love in Kwara State is truly infectious.

Who would not love a performing leader?

For five years, Governor AbdulRazaq has constructed a network of projects across the state yearning for the traditional commissioning. But in his typical simple style , the Governor just allowed usage of most of the projects without ceremonial noise.

But the first Lady came and she opened Kwara’s legacy projects to the world.

What changed the Governor’s mind? The dire needs to showcase his legacy work and dismantle the false narratives of the opposition.

In inviting the President’s wife and in the typical AA fashion, the gender card was in full display. Welcome to Kwara , the home of expressive love for the women and the youth.

In Kwara, women and the youth literally are celebrated. A state law, initiated by the Abdulrazaq Administration mandates gender inclusiveness in government appointments. Accordingly, more than half of the members of the state executive council

are women and they are saddled with the critical work in Finance, education, health, communication and agriculture; four out of the six members of the state House of assembly members from the governor’s senatorial district are women. Virtually all the elected vice chairman of local governments are women; one Executive chairman, from Moro Local Government, is even a woman.

So, Kwara being the women’s haven, it made sense that the Governor would choose the first first Lady to come unveil his iconic projects

The invitation notice was short notice but the first lady’s presence in the State of Harmony was

electrifying. There was so much packed into the three- day official visit. She came, she saw and she marvelled.

“I could say that we came here on a very short notice. It’s been incredible. I personally see the work of wonderful coordination and everything has just worked well.”

And truly- ignore the opposition noise- things are working well in Kwara State in terms of Infrastructural development and good governance.

* Tanke Flyover, named after the late celebrated discilinarian , General Tunde Idiagbon, deputy to General Muhammadu Buhari when Buhari was Military head of state. Tanke is a strategic area within Ilorin and that flyover is already easing the free flow of traffic significantly and is certain to boost the economy of the state

* Groundbreaking ceremony of the multi billion naira State Civil Service Clinic. The old clinic is being reconstructed from scratch to a multi- storey State -of -the- art public hospital. It is named after Senator Oluremi Tinubu.

* Tour of innovation Hub, Garment Factory and the Sugar Factory Film Studio. The first lady who donated N350 million to produce a movie projecting the culture and rich heritage of Kwara State to the world predicted that Kwara would cause an upset in Nigeria’s creative industry

* Evening leisure at the Flower Garden, GRA, Ilorin, once a hideout for criminal activities but resuscitated to a lush-green recreational facility

The iconic projects commissioned last week and many more awaiting commissioning are located in Ilorin, the state capital for the benefit of all Kwarans ( not just Ilorin indigenes) and non Kwarans. Many more developmental projects are however, spread across the state.

As all politics is local, everyone has something to point to in their constituencies. In my native Oro Kingdom, we celebrate Governor AbdulRazaq for his Administration’s investments in our communities on healthcare ( Upgrading , comprehensive renovation, equipping and staffing of the Legacy Oro General Hospital); education (the comprehensive renovation, construction of new classrooms, supply of equipments and staffing at the iconic Oro Grammar School) and road infrastructure (construction of a major road- Okerimi Oro junction to NITEL junctionconnecting the two wards in Oro land.

It is in recognition of The Governor’s contributions to the development of Oro Kingdom that he was conferred in 2022 with the honorary chieftaincy title of Akorede of Oro Kingdom . Akorede means someone who has brought good fortunes to your community.

For spreading joy, love and good fortunes across the state, you may dub Governor AbdulRazaq the Akorede of Kwara State.

Happy Birthday, Akorede of Kwara.

•Raheem Adedoyin , FNGE , FNIPR , Oloriewe of Oro Kingdom and Kwara State Stakeholder.

The first lady’s elaborate engagements during her visit started with the inauguration of the ICT Community Centre at the Kwara State University of Education, Ilorin built by her Renewed Hope Initiative and the Intensive Care Unit and Dr. Amuda Aluko Ward at the General Hospital, Ilorin . The First Lady then pivoted to the AbdulRazaq Signature projects which she either commissioned or toured. These included:

2025 World Cancer Day: Kwara First Lady Stresses Improved Sensitisation, Education on Dreaded Disease

Approves free breast, cervical cancer screenings for 2,000 persons

Hammed Shittu in Ilorin

Kwara First Lady and Chairperson, Nigeria Governors Spouses Forum, Prof. Olufolake AbdulRazaq, yesterday called for more improved sensitisation and education on the dreaded cancer disease among the people of the country especially women in order to bring higher survival rates of the disease and improved quality of life in the country.

Prof. Olufolake made the call in Ilorin on Tuesday while speaking on the sensitisation event on cancer disease as part of the activities to mark the World Cancer Day 2025 in the state.

She said that early detection of the killer disease would go a long way to reducing the untimely death of the people in the country.

She added: “The burden of cancer continues to grow globally exerting tremendous physical, emotional and financial strain on individuals, families, communities and health systems.

“In 2020, Nigeria recorded approximately 125, 000 new cases of cancer with breast and prostate

cancers the most prevalent cancers in women and men respectively.

“Dreadful as this may sound, cancer, when detected as early as possible there stand chances of successful treatment.

“Early diagnosis improves cancer treatment outcomes by providing care at the earliest possible stage, this approach however is what is being adopted in Kwara State amplifying sensitization of our people on the need to present themselves for periodic screening to ascertain their health status.

“It is in this regard that I commend the governor of Kwara State, His Excellency Mallam Abdulrahman Abdulrazaq for the huge investments in the health as well as other sectors in the State; his endearing partnerships have elicited improved support for the state.

“A testament to this is the ongoing construction of the state-of-the-art Abdulsamad Rabiu oncology Centre to further strengthen cancer management in the state.

“The state has also undertaken several rounds of free cancer screening across the 16 Local Government Areas

with a view to detect incidents of cancer in the rural areas and provide support as required by victims”.

She noted: “The theme of the 2025 World Cancer Day ‘United by Unique’ emphasizes a peoplecentered approach to cancer care, placing individuals and their stories at the heart of the conversation.

“It acknowledges that while

cancer affects millions globally, each person’s experience is unique, and personalized care is essential.

“This year’s campaign no doubt speaks to the need for a fundamental shift in cancer care and health systems towards a people-centered approach, by placing individuals and communities at the center of decisions, health systems become more effective and

cancer care more compassionate, leading to higher survival rates, and improved quality of life”.

Also speaking, the State Commissioner for Health, Dr. Amina Ahmed El- Imam, said that the state government has approved free breast and cervical cancer screenings across the 16 LGAs for nearly 2,000 people.

She said: “Many beneficiaries had their first cancer screens in this activity. All suspicious and positive cases were treated and linked to care.

“In addition, His Excellency has partnered with ASR Africa for the construction of the multibillion-naira Abdul Samad Rabiu Cancer Centre to strengthen cancer management in the state.

NHIA Lists Benefit Packages that Reduce Cancer Burden

Onyebuchi

Ezigbo in Abuja

As the World marks Cancer Day, the National Health Insurance Authority (NHIA) has unveiled a number of initiatives targeted at lifting the heavy financial burden on cancer patients in the country.

In a message to mark this year’s World Cancer Day, the Director General of NHIA, Dr. Kelechi Ohiri, said the agency is playing pivotal role in caring for patients suffering from the disease.

He said that NHIA through its benefit package for all formal sector

programmes and the Group Individual and family Social Health Insurance Programme (GIFSHIP), covers a wide range of oncology services including screenings, diagnostics, surgeries, chemotherapy, radiotherapy, ancillary care, and follow-up services.

“So far, NHIA has implemented various mechanisms to ensure that Nigerians have access to quality oncology services without facing catastrophic financial hardship.

“These initiatives include: Comprehensive Emergency Oncology Care Coverage. providing financial access to key cancer services such

as screening/diagnostics: tumour marker assays, imaging (MRI, CT scans, mammography and ultrasound scan), histology (including Pap smear), andInendoscopy.” addition, Ohiri said that the health insurance scheme assists in a wide range of surgeries including mastectomy, prostatectomy, and other oncology-related surgical interventions. He explained that NHIA provides 50 percent coverage of radiography treatment up to N400,000, with ongoing efforts to expand reimbursement limits.

He further said that access to

chemotherapeutics listed in the NHIA medicines tariff drugs and through the NHIA cost-sharing model include those that are fully and partially covered. His words: “Fully covered medicines include 5 Fluorouracil (5FU), Doxorubicin, Bicalutamide, Cisplatinium, Cyclophosphamides, Docetaxel, Epirubicin, Gemcitabine, Granisetron, Leucovorin, Ondansetron, Oxaliplatin Injection, Paclitaxel, Vincristine, Xeloda, Zoladex, etc. “Partially covered medicines include bevacizumab, trastuzumab, rituximab, pertumab, and palbociclib.”

Governor Abdulrazaq

Manpreet Gill: On Emerging Markets, Its Risks, Opportunities, and the Path to Resilient Global Economy Growth

As 2025 unfolds, emerging markets find themselves at a critical juncture, shaped by shifting global economic dynamics, fluctuating commodity prices, and ongoing structural reforms. In a recent interview with Manpreet Gill, Chief Investment Officer for Africa, the Middle East, and Europe at Standard Chartered, he shared his insights on the economic landscape for emerging markets. He also discussed the impact of a stabilising US dollar, the key risks and opportunities for global growth, and the sectors poised for expansion, particularly in Nigeria. With a focus on energy, technology, and strategic investments, Gill outlines how investors can navigate the challenges and capitalise on longterm opportunities in an evolving global economy. Chiemelie Ezeobi brings excerpts

As we look ahead to 2025, what is your outlook for emerging markets in the context of the global economy?

Emerging markets are at a pivotal moment in 2025, standing at the intersection of significant global macroeconomic trends, evolving commodity markets, and ongoing structural reforms. These factors will collectively determine their trajectory in the coming year. One of the most influential elements shaping emerging markets has been the strength of the U.S. dollar. Last year’s dollar rally exerted considerable pressure on emerging market equities, bonds, and currencies. However, as we move into 2025, we anticipate a more stable dollar environment, coupled with easing U.S. bond yields, which could provide much-needed relief for many emerging market assets. This stabilization is particularly critical for nations like Nigeria, where external factors have posed persistent challenges in recent years. A softer dollar in 2025 could help create a foundation for economic recovery and growth in such markets.

What are the key risks and opportunities for global growth in 2025?

There is cautious optimism about global growth in 2025, particularly in the U.S., where the economy is expected to continue expanding, driven by strong consumer spending, business investments, and overall resilience. However, inflation remains a key risk that could act as a drag on economic performance. The Federal Reserve’s ability to manage this delicate balance between growth and inflation will be crucial. If inflation expectations rise unexpectedly, it could undermine investor confidence and lead to heightened volatility in both equity and bond markets.

For investors, we are maintaining an overweight position on global equities, with a regional preference for the U.S. Despite high valuations, U.S. equities are expected to perform well, supported by robust corporate earnings and strong consumer demand. That said, volatility is likely, particularly in light of President Trump’s stated policies. His approach, which balances growth-friendly policies with potentially disruptive measures like trade tariffs or immigration curbs, could introduce both uncertainty and opportunities in the markets. The sequencing of these policies and their impact on long-term growth will be key to navigating these challenges, and equities could benefit if growth-oriented policies are effectively implemented.

How will commodity-dependent economies, particularly in Africa and the Middle East, fare in 2025?

Commodity-dependent economies, especially in regions like Africa and the Middle East, will continue to be heavily influenced by global price movements in 2025. Oil and gas remain vital to these regions, but they face growing competition from renewable energy investments as the world accelerates its energy transition. Additionally, significant oil supply in global markets this year adds another layer of complexity. For example, Nigeria, one of Africa’s largest oil producers, faces the dual challenge of balancing immediate fiscal needs with the long-term imperative of diversifying its economy. Increased investment in renewables, alongside maximizing oil and gas revenues,

will likely be a key component of achieving sustainable long-term growth. The global shift toward cleaner energy, including electric vehicles and renewable power sources, is reshaping the energy landscape, and emerging markets must adapt to these changes to remain competitive.

What role do structural reforms play in the growth of emerging markets?

Structural reforms have been a critical driver of growth and resilience in emerging markets over the past decade. In regions like Asia, key sectors such as real estate and high-yield bonds have rebounded strongly, setting a positive tone for 2025. Similarly, Nigeria’s diversification efforts—spanning agriculture, technology, and manufacturing—signal a broader push to reduce reliance on oil exports alone. These adjustments are beginning to yield results, creating new avenues for growth and attracting foreign investment.

This year, Nigeria will undertake the re-basing of its GDP, a process that recalibrates the economy’s size and composition. While often viewed as a technical exercise, GDP re-basing offers deeper insights into the economic landscape by capturing previously underrepresented sectors, such as technology and services. This re-basing could highlight the

growing importance of non-oil sectors and provide clarity on growth opportunities beyond traditional industries. Such reforms are essential for building a more resilient and diversified economic foundation.

Which sectors in emerging markets, such as Nigeria, present the most growth potential for investors?

In Nigeria, two sectors stand out for their growth potential: energy and technology. Despite the global push toward renewable energy, demand for fossil fuels remains robust, particularly in emerging markets like China and India. This offers opportunities for Nigeria’s oil and gas sector to capitalise on ongoing demand. At the same time, technology presents significant growth potential, particularly in areas like artificial intelligence (AI), data centers, and energy solutions. The AI revolution, along with the increasing reliance on data and renewable energy, could drive substantial growth in these industries. For investors, these sectors represent compelling opportunities to tap into long-term growth trends.

What investment strategies do you recommend for navigating the challenges and opportunities in 2025?

A diversified investment strategy is essential for managing risks and capitalizing on opportunities in 2025. U.S. equities, high-yield bonds, and gold remain our key asset class preferences. In Asia, targeted investment strategies focused on high-dividend-paying state-owned enterprises in China and India’s rapidly growing tech sector offer promising returns. Meanwhile, European

The global shift toward cleaner energy, including electric vehicles and renewable power sources, is reshaping the energy landscape, and emerging markets must adapt to these changes to remain competitive

equity markets face more challenges due to the growth outlook, making them less attractive in 2025.

For emerging market bonds, we prefer U.S. dollar-denominated bonds over local currency bonds due to the risks posed by currency fluctuations in a strong dollar environment. High-yield bonds in emerging markets, particularly in Asia, are showing signs of recovery from previous underperformance and may present compelling opportunities for investors seeking higher returns.

What is your final message to investors looking at emerging markets in 2025?

The global economic outlook for 2025 presents a mix of challenges and opportunities for emerging markets like Nigeria. The country’s ability to navigate the transition to renewable energy, manage oil revenues, and continue implementing structural reforms will be crucial in sustaining long-term growth. Nigeria’s energy transition, for instance, presents both challenges and opportunities, including the potential to attract green financing while maintaining oil revenue. For investors, the focus should remain on identifying opportunities that strike the right balance between risk and reward. Sectors such as technology, renewable energy, and infrastructure are likely to be key drivers of growth. By embracing fiscal discipline, advancing structural reforms, and aligning with global sustainability goals, Nigeria and other emerging markets can lay the groundwork for resilient growth in 2025.

At Standard Chartered, we emphasize personalized investment strategies that align with clients’ financial objectives. By maintaining a disciplined approach and identifying key growth sectors, investors can unlock the potential of emerging markets in the year ahead. Ultimately, the global economic environment presents both challenges and opportunities, and those investors who remain agile and focused on long-term goals will be best positioned to benefit from the growth prospects emerging in 2025.

Manpreet Gill

MEDIA BRIEFING ON THE FORTH COMING AFRICAN FORUM AND CONFERENCE...

Audit Queries: Senate Threatens Arrest Warrants Against FIRS,

The Senate yesterday threatened the heads of some federal government revenue agencies, and the Inspector General of Police, Kayode Egbetokun, with warrant of arrests.

The Chairman, Senate Public Accounts Committee, Senator Aliyu Wadada, issued the threat at a media briefing in the National Assembly.

He listed agencies that had shunned the SPAC summons to give explanations on audit queries before it, to include the Federal Inland Revenue Service, (FIRS), the Nigerian National Petroleum Company Limited, (NNPCL) Central Bank of Nigeria, (CBN) and the Nigeria Customs Service.

Wadada specifically accused the chairman of the FIRS, Zach Adedeji, of ignoring eight summonses of the committee.

He described the actions of the chief executives as not only an affront to the institution but an insult against President Bola Ahmed Tinubu.

He said: "Nobody in Nigeria is above the law. We are all supposed to operate under the laws guiding our various engagements as citizens of Nigeria.

"If the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu, will set aside his enormous commitments as President to come to the National Assembly as a mark of respect to the Assembly, to present budget, I wonder how any appointee will think and feel that he is above the law or he is too busy to appear before the members of the people's parliament.

"This is unacceptable and from today, after this press briefing,

NNPC, CBN, Customs Bosses, IGP, Others

whoever invitation is extended to and he or she refuses to appear before this all-important committee, warrant of arrest will be issued and we will call on the President to disengage that person because the person does not share in the dreams of Mr. President to and for making Nigeria a better place.

"Permit me to say that from inception of this committee to date, more than eight invitations have been extended to the Chairman of Federal Inland Revenue Service who has intentionally refused to appear before this committee and also hasn't been responding to communications at all from this committee.

"If he truly shares the dream

of the renewed hope, I wonder why he will not come here for us to exchange what we have going forward to make Nigeria a better place.

"He should also be reminded that we on this side of the divide are sitting on mandate, not appointment. We are not appointed. We were elected by Nigerians.

"If he does not have respect for the mandate given to us by Nigerians, he should have respect for the mandate given to his boss that appointed him.

"With this, the line is drawn between this committee and Federal Inland Revenue Service.

"The next appointment, I mean, invitation that is given or

communication sent to him and he does not respond, warrant of arrest will be issued and we will call on the President to say that your appointee in Federal Inland Revenue Service does not share your dream and he is not helping your situation.

"So, get him out of there or get him where you feel you choose to."

The Chairman of SPAC also accused the management of the NNPCL led by Mallam Mele Kyari and the Nigeria Customs Service of disrespect to its committee.

His words: "For NNPC, because the issues are multifaceted, we don't want to take time here to outline the issues that have got to do with Federal Inland Revenue Service or

NNPCL. NNPC as well has never appeared before this committee.

"The few communications NNPCL responded to, from the committee, the information is neither here nor there.

"For NNPCL as well, the line is drawn. The next invitation, if the NNPCL does not appear, warrant of arrest will be issued and we will also call on the president to do the needful.

"Nigerian Customs Service, on the side of the Auditor General's report, there are billions to be accounted for.

"All efforts to get Nigerian Customs Service to the table, to know how did this happen, what is the way forward, we are still

where we were from day before yesterday to now, no change."

The Committee also claimed that the apex bank has been avoiding it to clear grey areas on the controversial Ways and Means. According to it: "For Central Bank of Nigeria, I had cause to take it on, on the floor of the Senate.

"It is important for Nigerians to know, under the so-called Ways and Means, what happened under Ways and Means where Central Bank of Nigeria, debited borrowers and credited borrowers.

"Central Bank of Nigeria debited Consolidated Revenue Fund's account and credited Treasury Single Account, which amounted to over 30 trillion.

Urges Swedish investors to explore investment opportunities in state

Delta State Commissioner for Works (Rural Roads) and Public Information, Mr. Charles Aniagwu, has said Governor Sheriff Oborevwori was honoured with THISDAY Governor of The Year Award for his fiscal discipline and innovative approach to governance.

This is as Governor Oborevwori, yesterday urged Swedish investors to explore investment opportunities by taking advantage of the state's peaceful environment, strategic location and abundant natural resources for high investment returns engagement.

Aniagwu, who was responding to immediate past Deputy President

N40bn Theft: Court

of the Senate, Senator Ovie OmoAgege's criticism on the choice of Governor Oborevwori for the award, said the state government, under the governor’s watch, had completed numerous projects, while also initiating new ones without borrowing to fund them.

Speaking at a press conference in Asaba, Aniagwu said Governor Oborevwori inherited numerous projects out of which many of them had been completed which, he said, 'speaks to the Governor's effective and efficient management of financial resources without borrowing a dime from anywhere.'

Orders

He said, "we thought we were alone in terms of observation of these giant strides of the governor, not knowing that even in far away, Lagos and Abuja, the editors of THISDAY and ARISE News, or rather the two media outlets, were also busy with their eagle eyes, taking copious notes.

"We do not have issues with some persons in opposition, particularly our brother and leader, Senator Ovie Omo-Agege.

"We are not stopping them from playing politics or making constructive criticisms because it actually emboldens us to do more, but to begin to ask what we are doing and

Final Forfeiture of Monies Recovered from Ex-FBN Manager

Wale Igbintade

Justice Alexander Owoeye of the Federal High Court in Ikoyi, Lagos, has ordered the final forfeiture of N1,168,602,877.44 (one billion, one hundred and sixty-eight million, six hundred and two thousand, eight hundred and seventy-seven naira, forty-four kobo), $392,818.01 (three hundred and ninety-two thousand, eight hundred and eighteen U.S. Dollars, one cent), and £35,070 (thirty-five thousand, seventy British Pounds) recovered from Muiz Tijani Adeyinka, a former employee of First Bank of Nigeria (FBN), to the Federal

Government of Nigeria. The court’s decision followed a motion for final forfeiture, supported by an affidavit from Isah Yusuf Nadabo, an investigator with the Economic and Financial Crimes Commission (EFCC).

Earlier, on November 27, 2024, Justice Owoeye had ordered the interim forfeiture of the funds and directed that the order be published in a national newspaper to allow any interested parties to show cause why the funds should not be permanently forfeited to the federal government.

On Monday, February 3, 2025, during the hearing for the final forfeiture,

EFCC counsel Zeenat Atiku explained that the EFCC had received a petition from FBN on March 26, 2024, alleging fraudulent transactions in various accounts within and outside the bank.

The investigation revealed that Muiz Tijani Adeyinka, the primary suspect, was a former staff member of FBN and is also the Managing Director/ CEO of Golden Sieve Logistics Ltd, Golden Sieve Properties Ltd., and Golden Sieve Motors Ltd., all of which are incorporated with the Corporate Affairs Commission (CAC).

Atiku explained that Adeyinka, who worked at the bank’s Settlement Office, had unauthorized access to sensitive

bank accounts.

He manipulated settlement accounts by creating fictitious foreign currency inflows, which he then transferred to himself and his associates in Naira equivalents.

To conceal the illicit proceeds, Adeyinka laundered the funds by purchasing U.S. Dollars and USDT (Tether), which were traced to his personal dollar and cryptocurrency wallet accounts.

Atiku also noted that the interim forfeiture order was published in a national newspaper on December 5, 2024, in compliance with the court’s directive.

why we were given the award is, at best, seen as 'Pepper-body'.

"We expect that if their state has been picked as making progress they should be happy. Trying to de -market the state because of personal interest is not in the interest of anybody.

"He went through this path in 2023, even when Oborevwori had not become a governor; yet, Oborevwori defeated him in 21 out of the 25 local government areas.

"So, I thought the lesson of that defeat was enough for him to know the kind of criticisms he could embark upon."

Aniagwu, who was flanked by Chief Press Secretary to the Governor, Sir Festus Ahon, and Executive Assistant to the Governor on New Media, Mr Felix Ofou, said the sterling performance of Governor Oborevwori had become the greatest undoing of the opposition in the state.

"We plead with Omo-Agege that he should be fair as he engages in politicking, which we are not ready for at the moment because we have a covenant with the people of Delta to deliver on the MORE Agenda with a view to advancing development in our state.

"If he is asking our people of Ndokwa Nation what we have done for them, I will remind him that, in Ndokwa Nation, we have awarded no fewer than 15km of roads.

"We have completed the Obi-Ibabu road which is over 4km awaiting inauguration. The Ndemili-Utagba Uno road and the Eweshi - Utagba-Uno road are being pursued vigorously.

"We have also awarded a road in Amai which has progressed to stone base; at Aboh in Ndokwa East, work is also ongoing.

"Can he now compare himself to a man that is building bridges across the state to the extent that he doesn't discriminate against members of the opposition parties in the state?

"Governor Oborevwori has also warned that nobody should be discriminated against on account of their political affiliation. Whatever is due to the people is distributed without recourse to political affiliation.

"We all know, in this state, that he didn't work for President Tinubu ; so, if he is thinking that by saying these things he would warm himself to President Tinubu, he needs to think again and take a different route."

Aniagwu said Governor Oborevwori had directed that every commissioner must supervise their projects critically to ensure that Delta had value for money spent on projects.

On Senator Ned Nwoko's resignation from the party, Aniagwu said Governor Oborevwori and PDP were not bothered by the Senator's serial defections, noting that the party would continue to win in Aniocha North and other parts of Delta North Senatorial District where Senator Nwoko currently represents.

On housing, the commissioner said the state government had commenced the construction of 30 units of three bedrooms and 20 units of two bedrooms pilot phases in Ozoro, Kwale and Owa-Oyibu.

Sunday Aborisade in Abuja

L-R: Chairman, Local Organising Committee / Chartered President, Inner wheel Club Nigeria, Omolara Adedugbe; Chairman, District 911, Inner wheel, Adenike Shodipo; National Representative/ President, Inner Wheel Nigeria, Karin Uwaje; and Past International Inner Wheel President, Oluyemisi Alatise during the media briefing on the forth coming African Forum and Conference in Ikeja, Lagos ... yesterday.

PHOTO: ETOP UKUTT

AT FEC MEETING...

L–R:

Komolafe: NUPRC Will Not Pander to Any Party in Bid to Ensure Sufficient Local Crude Supply

Reiterates need for refiners, oil suppliers to comply with DCSO directive or face sanctions Assures on

Emmanuel Addeh in Abuja and Peter Uzoho in Lagos

The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr. Gbenga Komolafe, yesterday said the commission will not pander to the wishes of either the

oil producers or the crude refiners in the implementation of the Domestic Crude Supply Obligations (DCSO).

Komolafe stated that last night during an interview on the Arise News Prime Time, insisting that all parties to agreements must adhere to the extant directive or face sanctions.

He spoke on the heels of the

arguments by oil producers and petroleum refiners around the non-compliance with the terms of the crude-for-naira policy and the DCSO enshrined in the Petroleum Industry Act (PIA) 2021, and the recent directive by the NUPRC to resolve the issues.

Komolafe stated that contrary

First Lady Donates N100m to Disaster Victims in Niger State

Pays private visits to Babangida, Abubakar in Minna

Deji Elumoye in Abuja and Laleye Dipo in Minna

Wife of the President, Senator Oluremi Tinubu, through her pet project, the Renewed Hope Initiative (RHI), has donated N100 million to victims of tanker explosion disaster in Niger State.

The First Lady who spoke Tuesday while on a visit to Minna, the Niger State capital explained that the funds would be disbursed to 70 affected families at N1 million each while the remaining N30 million would be used to get food and other supplies, prayed that the state would not experience such incident again.

Pointing out that though her

visit to the state is a private one, Mrs. Tinubu commended the state governor, Mohammed Bago, for his giant strides, especially in the area of agriculture.

“You have been doing a lot for your state and by extension Nigeria in the area of agriculture. You should be proud of yourself,” she said.

On her private visit to former military president, General Ibrahim Babangida and ex-head of state, General Abdulsalami Abubakar, she explained that it was to check up on the two elder statesmen and their welfare.

She noted: “Whatever we do in Abuja will not be complete without coming to them. Ask them how we are faring and seek further

advice. They are the patriarchs of this nation”.

In his remarks, Governor Muhammed Bago of Niger State thanked the First Lady for her visit which, though a private one to commiserate with the victims of the disaster in the state, speaks volumes about a mother’s love.

On his part, Etsu Nupe, Alhaji Yahaya Abubakar, appealed to Mrs. Tinubu to visit the state to inaugurate more of the RHI programs especially in the area of agriculture.

Mrs. Tinubu’s visit in the company of the Wife of the Vice President, Hajia Nana Shettima was to commiserate with the state on the recent tanker explosion which claimed several lives.

Radda: Coordinated Approach to Security at Regional Level Better Than Individual Efforts

Governor, Umar

has advocated a coordinated and holistic approach to insecurity at regional level, even as he sought federal support for effective solutions than individual state’s efforts.

The governor also reaffirmed the commitment of the North West Governors’ Forum to addressing key challenges facing the region, particularly in agriculture, economic development, education, and security.

In an interview with Arise News, Radda highlighted the importance of a collective approach among governors to tackle these issues effectively.

“I want to use this opportunity to reiterate that the North West

Governors’ Forum started before our inauguration when we were elected as governors because we considered it very important. We need to put ourselves together because we cannot go individually,” he said.

He emphasised the region’s agricultural potential, noting that about 90% of the population was engaged in agriculture or related activities.

He said, “It is important for us to harness the resources we have, produce more food, ensure food security, and promote agribusiness in our region. We have no reason to be poor. We have no reason not to be rich because of the potentials we have.”

Beyond agriculture, Radda noted that the governors hadagreed to

focus on economic development, particularly industrialisation and education.

“We equally agree that we need to look holistically at the economic development aspect of the region, pondering on all issues that have to do with industrialisation and ensuring that we allocate more resources to education.

“We must ensure that we reduce the number of out-of-school children to the barest minimum, alleviate poverty by investing in agriculture, and create an enabling environment for our youth to secure employment,” he stressed. He, however, said with the North West region having the largest population in the country, there was a need to harness the demographic advantage.

to some assumptions, the regulator being alive to its statutory responsibilities had put in place regulations to guide the industry.

He said having put in place the regulation on domestic crude supply, it was expected that both the producers and the refiners comply with the regulation to avoid Nigeria suffering supply insecurity domestically.

However, he said the agency experienced a situation whereby the producers began to complain that the refiners were not meeting their obligation while the refiners also complained of the refusal of producers to supply them crude.

This, he explained, led to the summoning of the industry stakeholders numbering over 50 including captains of the industry, to a meeting last Saturday, where the commission's latest directive to both producers and refiners were issued.

"So, at that meeting, we listened to both parties. Don't forget that the regulator is quasi-judicial, listening to both parties. So, when we listened to them, the case of the producers was that the refiners often fail to meet their obligation in terms of the operational and commercial terms.

"And what are the operational terms? That is fixing the vessels when it is expected. The commercial terms, that is putting the payment

2 million bpd oil target

instrument in place as and when required. Those elements are very important.

"Given the fact that crude is not sold on credit and there are international standards for achieving all that. Like I said, both parties have their strong points. On the part of the refiners, without feedstock, the refineries will shut down. And once the refineries shut down, what you're going to experience is energy insecurity," he added.

Komolafe pointed out that the federal government under President Bola Tinubu made the rule and approved that domestic crude should be made available on crude for naira basis.

He said the commission recognised that the idea behind the policy was to free the pressure on the country's local currency, the naira, adding that the implementation of the regulation will depend on the successful implementation of the initiative.

Komolafe dispelled any form of bias or weakness on the part of NUPRC in enforcing the regulation on local crude supply obligation, saying that "is not a correct position, and so it's important that I put things in proper perspective".

According to him, the regulator has now listened to the complaints by both sides and has now ruled that the licensees should meet their

obligations.

He explained that the regulator factors the domestic volume which is called the domestic obligation, on a monthly basis, and is made known to both the licensees and the refiners. He, however, confirmed that the failure of the licensees to meet the regulations led to the latest decision of the commission through the directives to halt the non-compliance.

Komolafe further explained: "Actually, that is what led to the decision we have just taken. Now, we have given a standard regulatory directive to the producers to meet their obligation - that is, the volumes apportioned to them for domestic use.

"And to enforce that, contrary to the assertion that maybe the regulator is unwilling to enforce that position, we have made it very clear, via a regulatory circular that we have issued to the industry, that every licensee - producing company—will meet its obligation or risk not having an export license. Without an export license, you can't export the apportioned domestic obligation.

"So, how else do you determine the will? So, we have actually demonstrated the will. But now, with the proviso. Mind you, the job of a regulator is to uphold the rule. So, we are not trying to pander to either side.

Finally, Kenya Airways Apologises for Ill-treatment of Nigerian Passenger

Chinedu Eze

After exchange of brickbats between a Nigerian passenger, Gloria Omisore, and Kenya Airways, over alleged ill-treatment of the Nigerian, the East African carrier has finally apologised.

This was confirmed by NCAA, which held a meeting with the airline over the incident after it readily intervened in the fray when the case went viral on social media.

Omisore was denied boarding on the second leg of her connecting flight in Nairobi over inability to provide a Schengen visa.

The social media video showing a verbal exchange between the passenger and a Kenya Airways agent at the transfer desk in Nairobi (NBO) generated a lot of comments.

NCAA Director of Public Affairs & Consumer Protection, Michael Achimugu, in his X account shared pictures and outcome from the

meeting.

His words: "In respect of the now viral case between a Nigerian passenger, Gloria Omisore, and Kenyan Airways, I summoned the airline to my Abuja office today, Tuesday, February 4, 2025.

"In attendance were the airline's Country Manager, James Nganga; Station Manager, Eric Mukira; and Duty Manager, Ezenwa Ehumadu. We informed the airline that the passenger had called Kenya Airways via +254 711 024 747 on December 7, 2025, to inquire if she was qualified to fly the Manchester-Paris-NairobiLagos (inbound) and Lagos-NairobiParis-Manchester route.

“According to the passenger, the airline told her that she was qualified, despite her informing them that she is Nigerian, who holds a British resident permit, but no Shenghen visa."

According to him, it was based

on this information from Kenya Airways that the passenger proceeded to purchase the ticket, adding that she flew the first leg into Nigeria via Paris and Nairobi with no incident.

"The airline has asked for time to check their recorded call log and confirm if that call actually happened. They have been granted 48 hours to do so.

“For her outbound flight, the airline boarded and flew the passenger out of Lagos despite knowing that she needed a transit visa for the Paris leg.

"This fault was that of the airline, and it was only discovered in Nairobi."

He stated that upon discovery, the airline then offered the passenger a direct flight to London at no extra cost to her, on the condition that she would wait another 10 hours in addition to the 17-hour layover she had just endured.

Chuks Okocha in Abuja Katsina State

Dikko Radda,

Minister of Aviation and Aerospace Development, Festus Keyamo; Minister of state Agriculture and Food Security, Senator Aliyu Sabi Abdullahi; Minister of Budget and National Economic Planning, Senator Abubakar Bagudu and the Minister of state for Defence, Dr, Bello Matawalle at the second Federal Executive Council meeting held at the Council Chambers of the Presidential Villa, Abuja….yesterday

PHOTO: GODWIN OMOIGUI

COLLABORATING TO FACILITATE SEAMLESS ENTRY INTO LAGOS...

2027: Ex-APC Chief, Salihu Lukman, Vows to Campaign against President Bola Tinubu

Abuja

A former member of the All Progressives Congress (APC) National Working Committee, Salihu

Lukman, has vowed to campaign against President Bola Tinubu and the APC-led administration in 2027 elections.

Lukman, who supported Tinubu

21 Boys in Search of Islamic Education Rescued from Human Traffickers at Border

Michael Olugbode in Abuja

Twenty-one boys have been saved from being trafficked under the disguise of Islamic education (Almajiri) across the border of the country into neighbouring Niger Republic.

They were rescued, weekend, by immigration officers at the Geidam Border Control Post while their abductors were trying to transport them to Maine Saroua in Diffa Provinvce of Niger Republic.

The immigration officers subsequently handed them over to the National Agency Prohibition of Trafficking in Persons (NAPTIP), who transferred them to Niger State Government.

Speaking in Abuja, the Director General NAPTIP, Hajiya Binta Bello, said the boys were trafficked from their homes in Magama Local Government Area of Niger State and were being trafficked to Maine Saroua in Diffa district of Niger Republic.

The DG who handed over the children to the Niger State Governor, Usman Bago, explained that the children and their traffickers were intercepted by men of the Nigeria

Immigration Nigeria, (NIS), on patrol at the Nigeria/Niger border in Yobe state.

She said: “The information we got was that they were being taken to an Islamic school in Niger. I asked the commissioner a while ago, are there no Islamic schools in Niger State? And he affirmed that there are many, many Islamic schools in Niger State.

“So my advice to the government of Niger State, is that they should counsel the parents and these children, they should rehabilitate them and ensure that they register them in Islamic schools that also teach Western education so that they can benefit the two.”

Niger governor said the state government would step up public enlightenment so that parent could understand better the damaging impact of handing over their children to individuals that are not trustworthy.

Represented by the Commissioner for Humanitarian and Disaster Management, Ahmed Yumu, the governor applauded the DG of NAPTIP for the effort at stopping human trafficking.

and campaigned for his presidency, said the president has arrogantly derailed from the promises he made to Nigerians.

Speaking on Arise TV’s The Morning Show, the ex-APC chieftain challenged the president to prove him wrong, adding that he would offer an apology if he did so.

Explaining why he supported Tinubu’s presidential ambition,

Lukman said he was convinced that the former governor of Lagos State was a true democrat and progressive leader.

“I had the conviction that President Tinubu is truly a progressive politician and a Democrat, which was why I invested my support in him.

“But once I saw him departing from those beliefs I had, I didn’t

wait any longer. And I was not pushed by anybody… I am humble enough to admit that my judgement was wrong.

“It is a challenge for President Tinubu to prove many of us wrong, and if he did so, I would be the first to come out and apologise again that I was wrong.

“But to the extent that he continues arrogantly in the direction

he’s going, without remorse that he has departed from all the promises he made to Nigerians, I have no apology to him, and I will continue to stand and campaign against both the APC and his administration.” Lukman, who recently joined the call for a coalition to unseat Tinubu in 2027, advised opposition leaders to play competitive politics to take power from the APC in 2027.

Obi Speaks on Badenock's Criticisms, Says Her Comments Should Spur Doing Things Right

Chuks Okocha in Abuja

A former governor of Anambra State and presidential candidate of the Labour Party in the 2023 general election, Peter Obi, has advised that Kemi Badenoch’s remarks about Nigeria should spur the country into improving living conditions for its citizens.

Obi explained that despite being a Nigerian, blind patriotism was not enough.

In a post on X, reacting to Badenoch, Nigerian-born leader of the UK’s Conservative Party, who recently said she would not like to see Britain become poor like Nigeria where failed governments and selfish politicians destroy lives, Obi asked: “What should we make of all the negative remarks about Nigeria?

“Recently, Nigerian-born

Kemi Badenoch, a leader in the United Kingdom’s Conservative Party, took a serious swipe at our dear country. She stated that she would not want Britain to become like poor Nigeria, where a failed government destroys lives.

“Nigerians have had mixed reactions to her comments— some have criticized her, while others feel she simply stated the obvious and should not be vilified.

“A few years ago, a respected Nigerian newspaper lamented an informational piece aimed at Americans intending to visit Nigeria, which described the country in very unflattering terms.

“The travel advisory highlighted two major challenges: poor infrastructure and insecurity. Anyone familiar with the

Eradiri Joins APC, Says Tinubu Addressing Injustices, Marginalisation in Niger Delta

Olusegun Samuel in Yenagoa

Immediate past governorship candidate of the Labour Party (LP) in Bayelsa State, Udengs Eradiri, has joined the All Progressives Congress (APC), saying President Bola Tinubuwas behind all the projects in his Agudiama/ Ekpetiama community, Yenagoa Local Government Area. Eradiri, who registered for the APC in Ward 10 Constituency 2, Yenagoa Local Government Area, said Tinubu through the Dr Samuel Ogbuku-led Niger Delta

Development Commission (NDDC) gave his community potable water, shore protection, solar lights and one kilometre road.

Aside from his community, he said almost all the communities in the Niger Delta had benefitted from the light-up project and other interventionist programmes of the NDDC.

He said the Tinubu government, through the NDDC, had also promised to carry out other projects such as remodeling of the secondary school and a quality lodge for members of the National

Youths Service Corps (NYSC) in his community.

Eradiri, who was received by a crowd of residents and APC members in his ward, said through the Tantita Security Services and the NDDC backed by Tinubu, the Niger Delta region had experienced peace and steady progress in its infrastructural development.

For instance, he said the president recently signed the Maritime University Bill into law and the bill establishing the University of Technology and Environment in Ogoni,saying they would help to

deepen the already existing peace in the region.

He said gradually and steadily, President Tinubu was addressing the injustices and marginalisation suffered by the region over the years.

Eradiri added further that Tinubu's government had given Bayelsa the Head of Service, Ministry of Petroleum and the Managing Director of the NDDC, and that through the Ministry of Petroleum led by Minister Heineken Lokpobiri, there had been consistent increase in oil production.

Nigerian landscape knows that our performance in these two areas is horrendously low. And sadly, the US embassy did not shy away from pointing this out.

“On health, the advisory confirmed that while Nigeria has well-trained health professionals, the country is lacking in quality healthcare facilities.

“It was noted that essential medications, including those for diabetes and hypertension, are often unavailable, and that medicine should be purchased with extreme caution due to counterfeit risks.” Obi lamented that after those remarks, the situation remained largely unchanged, if not worse.

Katsina Community Gets Electricity After 50 Years of Darkness

Francis Sardauna in Katsina

After living without power supply for 50 years, light has finally come to the residents of Yan-dadi Community in Kusada Local Government Area of Katsina State.

The agrarian community located in the outskirts of Kusada town with an estimated population of over 3,000, has been in existence without power supply since its creation 50 years ago.

Residents of the community while confirming the development to journalists who were on projects tour in Kusada, said a new 23KVA transformer has been installed in the community by the government.

A resident, Kabir Dan-nana, who could not hide his feeling over the installation of the transformer, said it was great having power restored to the community after 50 years of outage

He said: “Obviously, it is an ecstatic reaction that having stayed in darkness for 50 or more years in a dark environment, power is restored after seeing it pass along high-tension wires here.

“The first day I saw light in this community, I could not believe it because we have had many promises from the previous government, but we were caught unawares with this

fulfilment by the present government of Dikko Radda.”

Another resident, Kamilu Hassan, said the installation of the transformer would boost commercial activities and enhance security in the community, while commending government for alleviating their plight.

He explained that the protracted darkness has caused many pains to the community “as we live on generators”, adding that residents of the community would protect the transformer against vandalism.

“If we should calculate the amount expended on fuel, it is enough to put into other things but we are a lot relieved now because of this newly installed 23KVA transformer,” Hassan added.

During the media tour which commenced in the Daura Senatorial Zone Monday, journalists and locals assessed the impact of the completed and ongoing projects across the 12 local governments of the zone. The nine-day tour, which is expected to cover the three senatorial districts, included visits to roads, schools, hospitals, water and agricultural as well as flood control projects that have been constructed or rehabilitated under Governor Dikko Umaru Radda's leadership.

Chuks Okocha in

L-R: Lagos State Commissioner for Tourism, Arts, and Culture, Mrs. Toke Benson-Awoyinka, during a courtesy visit to the Comptroller General of the Nigeria Immigration Service, Mrs. Kemi Nandap, in her office in Abuja... recently

LEADING WOMAN TV SHOW SEASON 3 UNVEILING…

Communications Lead, Women In Leadership Advancement Network (WILAN) Global, Itunuoluwa Hunga (left) and Executive Director, WILAN Global, Abosede George-Ogan, at a media parley to announce season 3 of the Leading Woman TV Show in Lagos…recently

Police Investigate Murder of Father, Son in Rivers

Police Investigate Murder of Father,

Blessing Ibunge in Port Harcourt

The Rivers State Police Command has commenced investigation into the gruesome murder of a father and son in Igwurutat-Ali, Ikwerre Local Government Area of the State.

THISDAY gathered that the victim, the Chief Security Officer of Adokiye Amieseimeka

International Stadium, Omagwa, who was identified as Mr. Timothy and his son were murdered by gunmen in their residence at Igwurutat-Ali. It was learnt that the victims were shot severally by the assailants on the head, which resulted to their death on Friday, January 31, 2025.

Confirming the incident, the

Police Drags Oba to Court over Assault on Aged Man

Linus Aleke in abuja

The Police have dragged Kabiyesi, Abdulsemiu Ogunjobi to court over alleged assault of a 73-year-old man, Chief Abraham Areola, in Ogun State. Force Spokesperson Olumuyiwa Adejobi an Assistant Commissioner of Police in a statement captioned, “Ogun Public Assault,” and shared on his verified X account, said, “The Kabiyesi

Abdulsemiu Ogunjobi, who assaulted one elderly man in a viral video, in Ifo Ogun State, has been charged to court today 4th February, 2025, on three-count charge of conspiracy, assault and conduct likely”.

Adejobi said that the monarch was granted bail while the case was adjourned to 06/03/2025. He said the police will continue to uphold the rule of law and the core values of the noble profession.

CAP Plc Reports 52% Increase in Revenue for 2024

Chemical and Allied Products (CAP) Plc, one of Nigeria’s leading manufacturer and distributor of paints and coatings, has announced its unaudited financial results for the fiscal year ended December 31, 2024, showing a growth of 52 per cent in revenue.

CAP Plc’s financial performance for the year underscores the company’s resilience and operational efficiency. Specifically, the company recorded a revenue of N36.36 billion in 2024, up from N23.89 billion in 2023, fueled by an increased demand for its paint and coatings products.

By the end of 2024, the company’s Profit Before Tax (PBT) grew by 57 per cent, reaching N5.91

billion, while its Profit After Tax (PAT) surged by 69 per cent, totalling N2.64 billion, reflecting CAP Plc’s ability to maintain profitability in a dynamic market.

A key highlight of the year was the more than doubling (106 per cent increase) of the company’s Earnings Per Share (EPS) to N3.24, from N1.57 in 2023. According to the company, this growth reflects its increasing earnings capacity and signals the potential for enhanced shareholder dividends. In 2023, CAP declared a total dividend of N1.26 billion (N1.55 per 50 kobo ordinary shares), and this year’s financial results position the company to continue delivering competitive returns to shareholders.

NewsDirect ED, Mathew Ibiyemi, Donates Learning Materials to Schools

Publisher/Executive Director (ED) of NewsDirect, Mathew Ibiyemi, has made a generous birthday donation to Tsion Home and School for Kids, and CharisCare International School.

Ibiyemi, an indigene of Ile-Ife Osun state, who turns a year older today, February 5, made a total donation of N1 million two schools to furnish two classrooms with furnitures, shelf, board, fan, writing materials, textbooks and uniforms and sport wears.

spokesperson of the state police command, SP Grace Iringe-Koko, said a daughter to the victim contacted the police division in

Son in Rivers

the area to report the incident.

“The Rivers State Police Command is aware of a tragic incident which occurred on

January 31, 2025, at about 11:40pm in Rivers State, where one Timothy, a 59-year-old Chief Security Officer (CSO) of Adokiye Amieseimeka

gunmen.

Ebonyi Killings: Senator Vows to Ensure Justice as Death Toll Rises to 15

Benjamin Nworie in abakaliki

Three more dead bodies have been discovered from the attack by herdsmen on the people of Nkalaha Amegu in Ishielu Local government area of Ebonyi state.

The death toll has risen 15 yesterday afternoon while scores were still declared missing.

However, normalcy has returned to the area following the visit of the Deputy Governor of the state, Mrs Patricia Obila and security agencies to the community.

The Senator representing Ebonyi central zone, Senator Ken Eze, has condemned the killings.

In a statement, the Senator descried the attack and vowed to ensure that the perpetrators were brought to book.

According to him, “It is with profound sadness that I extend my heartfelt condolences to the families and loved ones of those who tragically lost their lives in the devastating and deadly attack on the people of Amagu-Nkalaha in Ishielu LGA, Ebonyi Central Senatorial District of Ebonyi state yesterday, that claimed many lives and properties with many others currently receiving treatments in hospitals.”

Kwara CJ: 1,941 Cases Registered, 910

HammedShittuinIlorin

Kwara State Chief Judge, Justice Abiodun Adebara, yesterday disclosed that a total of 1,941 criminal cases were registered, with 910 cases disposed of in the last one year across various courts in the state. The CJ said that the total pending cases are 1,031.

Justice Adebara disclosed this in Ilorin yesterday at the special court session marking the 2024/2025 legal year. The CJ also used the occasion to introduce the newly appointed judges of the High Court to the Bench, the Bar and the public in Ilorin.

Justice Adebara said that the judiciary in Kwara State had

Disposed of Last Year

continued to strengthen its capacity to serve the public.

He expressed optimism about future developments that will further enhance justice delivery in the state.

According to him, the total revenue generated from fines and fees in all Kwara courts amounted to over N87million for the past legal year.

Adebara, however, called on the

state government to consider provision of vehicles for the remaining eight High Court judges and allocation of official quarters for the Chief Judge and other High Court judges yet to be accommodated, as well as land allocation at subsidised rates for magistrates and area court judges to build personal accommodations, among others.

Group Attributes Abduction of Traditional Ruler to High Insecurity in Edo

Adibe Emenyonu in benin City

A socio-political organisation with the name, Gidigba Group, has strongly criticised the reported kidnapping of the Onojie of Udo-Eguare in Igueben Local Government Area of Edo State.

According to the group, the

OkonBasseyinuyo

abduction occurred just few days into the Governor’s 100-day in office.

The traditional ruler, His Royal Highness Friday Ehizojie, was ambushed and abducted while riding a motorcycle in the locality.

The police report confirmed the incident, which has sparked

widespread concern about the government’s ability to maintain law and order.

Sympathisers have perceived this incident as a promise kept by the governor, who was reported to have promised during his electioneering campaign in

2024, to “give Insecurity to Edo people.” Although his alleged promised insecurity was outrightly denied by his media team, it was turned into a slogan across every household where it was perceived as part of his litany of gaffs.

Other trapped communities are: Ikonta, Obianga, Okoroinyong, Egwenwe, Iwofe and Amazaba.

According to the Paramount ruler of Eastern Obolo Local Government

Seven fishing communities in the oil rich Eastern Obolo Local Government Area of Akwa Ibom State have accused a firm operated by Indians in the area, Sterling Petrochemical and Fertiliser Company, of blocking their waterways to other communities in the state. The ugly development came amid confirmation of a cholera outbreak in one of the affected communities, Emere-oke.

Area, His Royal Majesty, Rt. Hon. Elder Harry Etetor, stakeholders of the local government including Sir Professor Gamaliel Harry who is the Chairman, SPFL Host Community Committee Chief Humphrey oyet, Village Head of Obianga, Chief Joshua Ayagwung, Village Head of Emereoke, Chief Emmanuel Okworo, Village Head of Ikonta, Chief Johnson Ijel, Village head of Ayama, Sir Marcus Enene, retired Permanent Secretary, Chief Samuel Era, Chief Davi Ubolum, President of Ijaw Youth Council in Eastern Obolo, leaders of the communities and other leaders of thought who addressed the media.

Badagry Renaissance Movement Calls for Indigenous DG for ASCON

Sunday Ehigiator

The Badagry Renaissance Movement has advocated the appointment of an indigenous person from Badagry as the next Director-General of the Administrative Staff College of Nigeria (ASCON).

Expressing his thoughts on the donation, Ibiyemi said: “I believe that education is the foundation upon which societies thrive, and I am deeply moved by the work that Tsion Home and School for Kids is doing, likewise CharisCare school. I am inspired by my father, Dr Samuel Folorunsho Ibiyemi, who donated generously in like fashion.”

The donation marks a significant gesture of support for the organisations’ mission to provide a holistic and impactful educational experience for children in need.

Located in Badagry, ASCON was established in 1972. In its over 52 years of existence, the group, in a statement yesterday, said no indigenous person from the host community has been appointed as its DG.

The statement read: “The Administrative Staff College of

Nigeria is sited in Badagry, and since its inception, no Indigenous person from Badagry, which is the host community, has ever been selected or appointed as the Director General.

“It is in this vein, after careful observation, that we are agitating for an inclusive Badagry in the helms of affairs and administration, especially in ASCON, as the case may be.

“The introduction of federal character and quota system, especially special consideration for catchment areas in the Nigerian constitution, implies that ordinarily a Badagrian is long overdue to have become the Director General of ASCON.

Nigeria’s Immigration Service Set to Present New Citizenship Framework

The public presentation of the book: ‘Citizenship and Immigration Regulatory Framework in Nigeria by the Comptroller General of Immigration Service (CGIS), Mrs. Kemi Nanna Nandap, is scheduled to take place at the

Babandede Conference Centre, Immigration Headquarters in Abuja. The event will feature Governor Siminialayi Fubara of Rivers State, as the guest of honour. Amaopusenibo (Dr.) Sobere Diri will serve as

the chief launcher, while His Royal Majesty, King Edward Asimini William Dappa Pepple (Perekule XI), Amayanabo/ Natural Ruler of Grand Bonny Kingdom, will be the father of the day.

Associate Professor Adagogo

Brown from the Department of Literature and Linguistics Studies at Rivers State University, Port Harcourt, will review the book, which was written by Solomon O. E. Leggjack, a retired Comptroller of Immigration.

International Stadium, Omagwa, Port Harcourt and his first son were brutally murdered by unknown

Carrick Expects Iheanacho to Push Boro’s Promotion Back to Premier League

Duro Ikhazuagbe with agency report

Middlesbrough manager Michael Carrick is expecting big things from new signing Kelechi Iheanacho.

Iheanacho arrived the Sky Bet Championship club on loan from Sevilla on transfer deadline day.

He arrived in Boro after a difficult season in La Liga, but has good pedigree in the English game, having started at Manchester City before spending seven years at Leicester, the final season of which he scored five goals last season to help Leicester City win promotion from the Championship back to the topflight Premier League.

Carrick believes the forward’s experience will be crucial in the club’s promotion push.

“He (Iheanacho) is not a replacement. It’s never one player for one player. It’s a collective responsibility. We’ve got enough throughout the frontline – creating goals, scoring goals,” Carrick told the Northern Echo.

“We’re delighted to get Kelechi in. His quality is pretty obvious and he knows what it takes to be successful at this level from last year. He played in the Premier League for a number of years.

He’s a quality, quality player and we’re really happy to have him.”

Similarly, another Super Eagles forward now in the English Championship, Emmanuel Dennis is to earn a weekly salary of £20,000 at Blackburn Rovers after finalizing a late deal with Nottingham Forest for his transfer.

The recent transfer window was busy for Blackburn, as manager John Eustace aimed to strengthen his squad for the remainder of the season in pursuit of a playoff spot.

Further details regarding Dennis's contract have emerged, indicating that Blackburn has negotiated a favorable deal.

Journalist Alan Nixon reported that the Rovers will pay only £20,000 per week, along with bonuses, which is a small portion of Dennis's overall wages.

His annual salary is estimated to be around £4 million, translating to over £75,000 per week.

This lower wage commitment aligns well with Blackburn's wage structure, ensuring that it won’t disrupt the team dynamics in the dressing room. From Nottingham Forest's perspective, offloading some of Dennis's wages will be a relief, as he had not been part of the first team and was unlikely to play for the club.

Kasimpasa End Romance with Injury-prone Omeruo

Turkish club, Kasimpasa have parted ways with Nigerian international defender Kenneth Omeruo, bringing an abrupt end to the player’s third spell with the Istanbul-based side, Soccernet.ng reports.

Omeruo first joined Kasimpasa in 2015 on a season-long loan from Chelsea, where he was highly rated but struggled to break into the first team.

Despite impressing in Turkey, injuries hampered his progress, and financial constraints prevented Kasimpasa from making his move permanent.

In 2017, Omeruo returned to the club for another loan stint from Chelsea, before finally securing a permanent transfer in July 2023 from Spanish side Leganés for a reported €1 million.

However, injuries once again derailed his campaign, limiting him to just five league appearances before being sidelined in October.

Having been out of action since sustaining an injury in Kasimpasa’s thrilling 3-3 draw against Galatasaray, Omeruo resumed training in early January, hoping to play a key role in the club’s second half of

Tiger Woods announced on Tuesday that his mother Kutilda had passed away, paying tribute to his parent as "my biggest fan."

"It is with heartfelt sadness that I want to share that my dear mother, Kultida Woods, passed away early this morning," the 15-time major champion wrote on Instagram.

"My Mom was a force of nature all her own, her spirit was simply undeniable. She was quick with the needle and a laugh. She was my biggest fan, greatest supporter, without her none of my personal achievements would have been possible.

"She was loved by so many, but especially by her two grandchildren, Sam and Charlie.

"Thank you all for your support, prayers and privacy at this difficult time for me and my family. Love

the season.

His return was also expected to be a major boost for Nigeria ahead of the 2026 FIFA World Cup qualifiers in March.

The Super Eagles, who sit fifth in Group C with just three points from their opening matches, face a crucial double-header against Rwanda and Zimbabwe.

However, Omeruo’s departure from Kasimpasa leaves his immediate future uncertain, as he now seeks a new club before the winter transfer window closes in leagues still open for business, including Turkey, Israel, and Romania.

A seasoned international, Omeruo has been a key figure for Nigeria since making his senior debut in 2013.

The 30-year-old defender played a pivotal role in the Super Eagles’ triumphant 2013 Africa Cup of Nations campaign and featured in the 2014 and 2018 FIFA World Cups.

He was also part of Nigeria’s squad at the 2013 FIFA Confederations Cup and was included in the country’s provisional squad for the 2016 Olympics.

youThaiMom."national Kutilda met Woods' father Earl when he was serving in the US military in Bangkok in the late 1960s.

An ever-present on the golf course during her son's greatest triumphs, Woods has often spoken affectionately of how his mother's support helped shape his career, noting in an interview how he was more fearful of her than his father.

"He was very worldly and deep in his thinking," Woods said of his father. "My mom was the enforcer. My dad may have been in the Special Forces, but I was never afraid of him. "My mom's still here and I'm still deathly afraid of her. She's a very tough, tough old lady, very demanding. She was the hand, she was the one, I love her so much."

Simeone Completes 500 Games in La Liga EA Sports

Diego ‘Cholo’ Pablo Simeone keeps making his legend greater in the Atlético de Madrid’s dugout and he is already in the Top-10 of coaches with the most games in LALIGA EA SPORTS, where he has won two titles.

Simeone doesn’t stop breaking records at Atlético de Madrid, becoming one of the greatest coaches in the club’s and LA LIGA’s history.

Last Saturday against RCD Mallorca at the Riyadh Air Metropolitano Stadium, he completed his 500th game with Atlético de Madrid in the competition.

He is already the ninth coach with the most games in the Spanish competition, only surpassed by such greats as Luis Aragonés, Javier Irureta, Miguel Muñoz, Víctor Fernández, Javier Clemente, Joaquín Caparrós, Ernesto Valverde and Manuel Pellegrini.

In total, Simeone has been in 714 games with Atlético de Madrid in all competitions, making him the first coach to reach that figure with a single Spanish team.

Simeone arrived at the red and white club in December 2011 and made his debut in January 2012 in Málaga. Since then, everything has been good news for Atleti, as he

With the National Sports Festival (NSF), Gateway Games weeks away from starting, the Chairman of the Edo State Sports Commission, Amadin Desmond Enabulele will this morning inaugurates the reconstituted sports association boards. The event billed for 11am, will hold at the Indoor Sports Hall of the Samuel Ogbemudia Stadium, Benin City.

According to a statement from the

has only made the club grow, both in sporting and institutional terms, placing the Madrid club among the best in the world.

His career has been made up of many happy moments, with great victories and historic nights at the helm of the team.

Since his arrival, Atlético de Madrid have won eight titles. The first was

the Europa League in 2012 against

and the next summer the European

Then, he also won the

the LALIGA EA SPORTS title in 2014 and the Spanish Super Cup in 2014 too against Real Madrid (1-1 and 1-0). He continued with another Europa

commission, the Chairman of the Sports Commission, Enabulele said the inauguration was to galvanize the various sports associations to begin preparations for the National Sports Festival taking place in Abeokuta, Ogun State from May 16-30, 2025.

“There is need to quickly inaugu- rate the boards of the associations so as to start preparation for the Gateway Games. His Excellency, Governor Monday Okpebholo has

given us a clear mandate to restore Edo State sports to its past glory and at the Commission, we don’t want to chances because the time is short,” Enabulele said. At the end of the 20th edition hosted by Delta State, Team Delta topped the medal table winning 158

League in 2018 against Olympique Marseille in Lyon (0-3), another European Super Cup against Real Madrid in Tallinn (2-4) and another LALIGA title in 2021, the one played without public in the stadiums because of the pandemic. He is the coach with the most titles in Atlético de Madrid's 122-year history. Two LA LIGA titles and less than 100 defeats in 500 games, a historic milestone at Atlético de Madrid.

Simeone's record is devastating, having won two LA LIGA titles, with 306 wins, 112 draws and 82 defeats, with 845 goals scored and just 386 conceded in 500 games to date at the helm of Atlético de Madrid. In the current campaign, Simeone's side have won 14 games in LALIGA with six draws and just two defeats.

If we look at his total of 714 matches in the 714 games he has played in total in the red and white dugout, the numbers are even better, with 714 games played, with 426 wins, 154 draws and only 134 defeats. Undoubtedly, an unequalled legacy, which you want to continue extending, starting with the EL DERBI DE MADRID, next Saturday 8 February at 21:00 (CET) at the Santiago Bernabéu Stadium against Real Madrid.

“Edo

Coach Michael Carrick (left) and Kelechi Iheanacho at the signing of his loan move to Middlesbrough...on Tuesday afternoon

Diego Simeone...completes 500 games in LALIGA EA Sports

Athletic (3-0),

Super Cup against Chelsea (1-4).

Copa del Rey final in 2013 against Real Madrid (1-2),

MISSILE

NOA DG to Nigerians

“Many Nigerians have lost their lives to fuel tanker explosions with the latest in Enugu State, which claimed the lives of no fewer than 18 persons. The Enugu incident followed a similar incident in Niger State where more than 80 persons reportedly lost their lives while scooping fuel from crashed tanker” --Director-General, National Orientation Agency (NOA), Mallam Lanre Issa-Onilu, cautions Nigerians against scooping fuel from fallen tankers.

ERICTENIOLA

The Habitual Rush to Join the Party in Power

On Friday December 19, 2008, Prince Vincent Eze Ogbulafor (24 May 1949- 6 October 2022) from Olokoro, Umuahia South local government of Abia State declared that his party the People’s Democratic Party (PDP) would rule Nigeria for the next sixty years. At the time he made the declaration, he was the fifth National Chairman of the party. Before him, the past Chairmen of the party were Chief Solomon Lar (1998-1999), Chief Barnabas Gemade (1999-2001), Chief Audu Ogbeh (2001-2005) and Colonel Ahmadu Ali (2005-2008).

Before his appointment as the Chairman of PDP, Chief Ogbulafor was the Minister of State on Economic Matters in the PRESIDENCY. The Niger Delta Development Commission (NDDC) was then under him. His responsibilities as Minister of State were to formulate and issue economic intelligence guidelines for government projects, ensure monitoring of projects and progress relating to plan implementation and supervise the National Economic Intelligence Committee (NEIC).

In 1999, President Olusegun Obasanjo GCFR appointed other Ministers of State and placed them under THE PRESIDENCY. They include Mr. Abayomi Edu (79) and Dr. Abimbola Ogunkelu, a consultant Physician and Cardiologist, from Ibowon, Epe in Lagos state, who is also a member of the Amala group, a group of eminent journalists who meets monthly at Bunmi Sofola’s place in Surulere, Lagos.

The schedules of these Ministers of State at that time were prepared by the then Secretary to the Government of the Federation, Chief Ufot Ekaette (1939- 25 September 2019), assisted by the then Director of Special Duties in the office of the Secretary of the Government of the Federation, Dr. Goke Adegoroye and approved by the President, Olusegun Obasanjo GCFR.

There were Ministers of State Economic Matters, Minister of State Special Project, Minister of State for Inter-Governmental Affairs, Minister of State, Cooperation and Integration in Africa, Minister of State, Civil Service matters and also Minister of State, Special Duties. Mr. Abayomi Edu was Minister of State, Special Duties. He is the son of the Billionaire Politician from Epe, Alhaji Shafi Lawal Edu (7 January 1911 – 8 January 2002) who was elected into the Western State House of Assembly in 1951. Mr. Abayomi Edu who now lives in America is expected home to celebrate his 80th birthday.

Mr. Abayomi Edu’s schedule and responsibilities at that time were to coordinate for the President: award of Titles; National Honours and Decorations (ii) Liaise on behalf of the President, with committee on the Prerogative of Mercy (iii) carry out any special duties assigned by the President.

Alhaji Ibrahim Umar Kida was the Minister of State, Inter-Governmental Affairs in THE PRESIDENCY. His schedule and responsibilities were to (i) formulate and implement policies and programmes geared towards enhancement of inter-governmental relations (ii) Liaison between the Federal, State and Local Governments (iii) Conduct desirable studies and collect intelligence information on Federal/State/Local Government relations and process to the Vice President (iv) initiate follow-up actions to ensure that State and Local Government fulfil their respective statutory obligations (v) Advise the Vice President on Boundary Commission Matters.

Chief Abimbola Ogunkelu was Minister of State in THE PRESIDENCY for Cooperation and Integration in Africa. His schedule and responsibilities were to (i) formulate policies and programmes on regional cooperation and integration in Africa (ii) Strengthening of Intra-African economic cooperation (iii) Foster relations with and coordinate ECOWAS matters (iv) Coordination of matters relating to the Economic and Social Commission of the OAU (v) Coordination and strengthening of matters relating to Joint Economic Commissions in Africa e.g. the African Common Market, the Economic Commission for Africa (ECA).

The emergence of Prince Vincent Ogbulafor as the National Chairman of PDP was dramatic. He was brought to the PDP headquarters in 2001 after serving as Minister of State.

President Umaru Musa Yar’adua GCFR (16 August 1951- 5 May 2010) was eventually declared the winner

of the 2007 general elections, held on April 21, and was sworn in on May 29, 2007, amid widespread allegations of electoral fraud. In the Nigerian National Assembly election, the party won 260 out of 360 seats in the House of Representatives and 85 out of 109 seats in the Senate.

At the PDP’s 2008 National Convention, the party chose Prince Vincent Ogbulafor as its National Chairman on March 8, 2008 held in Abuja. Chief Ogbulafor, who was the PDP’s National Secretary from 2001 to 2005, was the party’s consensus choice for the position of National Chairman, selected as an alternative to the rival candidate’s former Governor Sam Egwu and Senator Anyim Pius Anyim. All 26 candidates, including Dr Sam Egwu (70) from Ezzamgbo and Senator Pius Anyim GCON (63) from Ishiagu, both in Ebonyi state, withdrew in favour of Ogbulafor. Meanwhile, Alhaji Abubakar Kawu Baraje was elected as National Secretary. When Prince Ogbulafor made that declaration in 2008 people believed that his boast could come true. He was on a solid ground at that time.

Let’s look at the situation now. In the Senate, All Progressive Congress (APC) has 58 seats, Peoples Democratic Party (PDP) has 37 seats, Labour Party has 7 seats, New Nigeria People’s Party has 2 seats, Social Democratic Party—2 seats, All Progressive Grand Alliance---1 seat and Action Democratic Party---1 seat. In the House of Representative, All Progressive Congress has 175 seats, People’s Democratic Party has 118 seats, Labour Party has 35 seats, New Nigeria People’s Party----19 seats, All Progressive Grand Alliance----5 seats, African Democratic Congress---2 seats, Social Democartic Party--- 2 seats and Young Progressive Party---1 seat.

The PDP governors in 2008 when Prince Ogbulafor made that prediction were Thoedore Orji (Abia State), Murtala Nyako (Adamawa), Godswill Akpabio (Akwa Ibom), Timipre Sylvia (Bayelsa), Gabriel Suswam (Benue), Ali Modu Sheriff (Borno), Liyel Moke (Cross River), Emmanuel Uduaghan (Delta), Martin Elechi (Ebonyi), Olusegun Oni (Ekiti), Sullivan Chime (Enugu), Mohammed Danjuma Goje (Gombe), Ikedi Ohakim (Imo), Sule Lamido (Jigawa) and Namadi Sambo (Kaduna), Others were Ibrahim Shema (Katsina), Usman Saidu Nasamu Dakingari (Kebbi), Ibrahim Idris (Kogi), Bukola Saraki (Kwara), Aliyu Doma (Nasarawa), Mu’azu Babangida Aliyu (Niger), Gbenga Daniel (Ogun), Olusegun Agagu (Ondo), Olagunsoye Oyinlola (Osun), Christopher Alao-Akala (Oyo), Jonah David Jang (Plateau), Rotimi Amaechi (Rivers), Aliyu Magatakarda Wamako (Sokoto), Danbaba Suntai (Taraba) and Mahmud Shinkafi (Zamfara).

At that time the AD governors were Babatunde Raji Fashola (Lagos), Kayode Fayemi (Ekiti), Rauf Aregbesola (Osun) and Adams Aliyu Oshiomhole (Edo). Peter Obi was governor of Anambra (APGA), Isa Yuguda(ANPP)---Bauchi, Ali Modu Sheriff (ANPP)--Bornu, Ibrahim Shekarau (ANPP)---Kano, Ibrahim

Gaidam (ANPP)—Yobe, Olusegun Mimiko(Labour Party)—Ondo state.

As of today, there are twenty-two states with APC governors, twelve states with PDP governors, one each with APGA, Labour and NNPP. The APC is yet to equal the feat achieved by the PDP in 2008.

At present the governors are Alex Otti(Abia State)—Labour Party, Ahmadu Umaru Fintiri(Adamawa)--PDP, Umo Eno(Akwa Ibom)---PDP, Charles Soludo (Anambra)—APGA, Bala Muhammed (Bauchi)---PDP, Douye Diri (Bayelsa)---PDP, Hyacinth Alia (Benue)---APC, Babagana Zulum (Borno)---APC, Bassey Otu(Cross River)---APC, Sheriff Oborevwori (Delta)—PDP, Francis Nwifuru (Ebonyi) APC, Monday Okpebholo(Edo), Biodun Oyebanji(Ekiti)—APC, Peter Mbah(Enugu)--PDP, Muhammad Inuwa Yahaya(Gombe)—APC, Hope Uzodinma(Imo)---APC, Umar Namadi (Jigawa)---APC and Uba Sani(Kaduna)---APC.

Others are Abba Kabir Yusuf (Kano)--- New Nigeria Peoples Party, Dikko Umaru Radda(Katsina)---APC, Nasir Idris(Kebbi)—APC, Ahmed Usman Ododo (Kogi)---APC,AbdulRahman AbdulRazaq(Kwara)— APC, Babajide Sanwo-Olu(Lagos)---APC, Abdullahi Sule(Nasarawa)---APC, Mohammed Umar Bago(Niger)—APC, Dapo Abiodun(Ogun)---APC, Lucky Aiyedatiwa(Ondo)---APC, Ademola Adeleke(Osun)—PDP, Seyi Makinde(Oyo)—PDP, Caleb Mutfwang(Plateau)--PDP, Siminalayi Fubara(Rivers)---PDP, Ahmad Aliyu(Sokoto)---APC, Agbu Kefas(Taraba)---PDP, Mai Mala Buni(Yobe)—APC, Dauda Lawal(Zamfara)---PDP

The above may change when the gubernatorial election takes place in Anambra on November 6, 2025 this year, while that of Ekiti and Osun state will hold on July 14 and September 22 next year respectively.

As of now most of the parties are in crisis, serious crisis including APC. The worst hit is the PDP. I hope the PDP will not go the way of AD, ACN, ANPP and APP. The death of All People’s Party is tragic. It was the second most powerful party in 1999.

In the 20 February, 1999 legislature elections, the APP won 20 out of the 109 Senate seats and 68 of the 360 seats in the House of Representatives. The presidential election, held on 29 February, 1999, was won by PDP candidate Olusegun Obasanjo. He received 62.78% of the vote compared to 37.22% for the Olu Falae/ Umaru Shinkafi ticket. The last functioning leader of the party was my close friend, Senator Mahmoud Waziri. Till he died we disagreed on how he ran the APP. Although he was compensated with position of special adviser by President Olusegun Obasanjo GCFR. He felt uncomfortable. I cherished his friendship. Great soul from Yola.

The party elected nine governors at that time. They were Mala Kachalla(Borno), Abubakar Abu Hasheed (Gombe), Ibrahin Samiru Turaki (Jigawa), Adamu Aliero (Kebbi), Abubakar Audu (Kogi), Muhammed Lawal (Kwara), Attahiru Bafarwa (Sokoto), Buka Abba Ibrahim (Yobe) and Ahmed Sani (Zamfara).

Tragically, the APP suffered factional split and contested the next round of elections in 2003 as the as the All Nigeria People’s Party (ANPP).

The crisis of the PDP now is similar to that of APP. The possibility of PDP recapturing the PRESIDENCY which they lost almost ten years ago is remote. What can emerge is that a faction of the PDP and disgruntled elements in the APC and other parties may form a coalition to challenge the Presidential candidate of the APC in 2027. Definitely there will be a new alliance. That is the Nigerian way. The APC is not invincible, just as PDP was not ten years ago with its failing policies.

Now there is a rush to enlist in the ruling party, the APC. At the second or third year of any Presidential tenure, this is a common occurrence. It is nothing new, we are used to it. It happened in 1981 during the tenure of President Usman Aliyu Shehu Shagari GCFR.

I remember Alhaji Umaru Abdulrahman Dikko (31 December 1936 – 1 July 2014) from Wamba village near Zaria, the then Minister of Transport, boasting then that the NPN would rule forever. He told Chief Moshood Kashimawo Abiola GCFR (24 August 1937 – 7 July 1998) that there was no vacancy in the Presidency and that the Presidency was not for sale.

The possibility of a single party structure or a dominant single party structure has threatened the

democratic structure of this great country from time to time. And somehow it never becomes possible. The country survived that threat in 1965, it did in 1983 and also in 2008.

In 1965, the dominant party was Northern People’s Congress (NPC). It was formerly a cultural organization known as Jamiyaar Mutanen Arewa. It was a party that never pretended. It was formed on the basis of Northern interest as the name explains.

Before he was assassinated on January 14, 1966, the leader of the party, Sir Ahmadu Bello (12 June 1910- 15 January 1966), the Sardauna of Sokoto, Premier of Northern Nigeria, was the most powerful politician in the land.

In his book titled “MY LIFE”, the Sardauna of Sokoto, Sir Ahmadu Bello, wrote on page 85 “The Northern People’s Congress grew out of purely cultural society of that name. This had been started in Zaria by Dr. Dikko, who is now an important figure in the Ministry of Health. After the 1951 elections----the electoral college ones---Abubakar Tafawa Balewa, who had been a member of the original House of Assembly from the start and who always had a keen political sense, asked me to join this cultural party, later to become our own political party with the same name. Curiously enough, this is how the Action Group also started, for it is in origin the ‘Action Group’ of the Egbe Omo Oduduwa, a Yoruba cultural society. And they started at much the same time.

I agreed to do this and so later became President of the political Northern People’s Congress, with Abubakar as Vice President, and Ibrahim Imam, who since then has had a number of different political allegiances, as Secretary General. We called it Northern because we wanted to unite the Northern people and at that time we were not looking much beyond our own borders. It had an immediate success and most of the members of the Northern House joined it. Since then, it has remained unshaken, though other parties have blossomed and faded.

Our aims were very simple. To develop the country to the fullest extent in the shortest term; to preserve the peace, good order, and friendly relations between all our different peoples; to conduct an efficient and impartial administration; to ensure for all, freedom of thought and religion, to do good to all men. You will see that we were never militant ‘nationalists’ as some were. We were sure that in God’s good time we would get the power. The British had promised this frequently and we were content to rest on these promises; there was plenty of work ready at our hands for us to do”.

The Principal officers of the Northern People’s Congress of the first Republic were: President-General--Alhaji Sir Ahmadu Bello, Sardauna of Sokoto, first Vice-President-General—Alhaji Sir Abubakar Tafawa Balewa, second Vice-President General—Alhaji Muhammadu Ribadu, acting Secretary General Secretary—Alhaji Ahmadu Galadima Pategi, acting assistant Secretary General ---Alhaji Ibrahim Biu, National Treasurer---Alhaji Aliyu Makama Bida ad Financial Secretary Alhaji Isa Kaita Waziri Katsina.

The Staff of the National Headquarters were Party Manager—Alhaji Habib Raji Abdullahi, Chief Operating Officer—Mallam Muhammadu King, Chief Publicity Officer---Mallam Yusuf Dantsoho, Research Officer---Mallam Abubakar Tugga, Local Government Officer---Mallam Abba El Anasari, Officer in charge Youth Wing—Mallam Ahmadu Kwanbo, North Regional President---Alhaji Ibrahim Musa Gashash and North Regional Secretary---Mr. Michael Audu Buba. Executive committee members (unofficial) were Mallam Mu’azu Lamido, Alhaji Shehu Usman, Galadima Maska, Zanna Bukar Dipcharima, Alhaji Ahmadu Sarkin Fadan Zazzau, Alhaji Ndagi Farouq, Tafidan Bida, Mallam Sule Gaya, Mallam Mu’azu Gambo, Mallam Tanko Yusuf, Alhaji Ibrahim Biu, Alhaji Muhammadu Bashar, Wamban Daura, Alhaji Dalhatu Bida, Mr. S.A. Ajayi, Mallam Idrisu, Tafidan Adamawa, Alhaji Ari, Alhaji Sanda Na Alhaji, Alhaji Zakari Isa, Mr. J.C. Obande, Mr. M.A.O. Olanrewaju and Alhaji Sani Okin.

Ogbulafor