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The Nigerian Army said the situation at Katarko in Gujba Local Government Area of Yobe had been brought under control after troops foiled terrorists attempted attack on the military location in the town. The army spokesman, Brig.-Gen. Texas Chukwu in a statement on Thursday said that the troops immediately swung into action following a tip off and pushed the terrorists backward with superior fire power. He, however, said some of the terrorists escaped into nearby bushes but efforts were on to get them, adding that the troops were currently embarking on clearance patrol in the area. Chukwu urged Yobe residents in general and Katarko in particular, to go about their legitimate businesses and report any suspicious activities or movement in their area to the law enforcement agents for prompt action. Full details at https://www.akelicious.net/2018/11/army-overpowers-boko-haram-in-yobe.html
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The President of the Senate, Bukola Saraki, on Wednesday announced minor changes in the leadership of four standing committees. By this development, Sen. Lawal Gumau (APC-Bauchi), who was elected into the Senate in August, is now the Chairman of the Committee on Federal Character. Gumau took over from Sen. Tijani Kaura (APC-Zamfara North), who has been moved to the Police Affairs Committee as Chairman. Kaura replaces Sen. Abu Ibrahim (APC-Katsina South), who now heads the Committee on Employment, Labour and Productivity. Former Majority Leader, Sen. Ali Ndume (APC-Borno South) is now the Chairman of the Committee on Establishment and Public Service, formerly headed by Sen Paulker Emmanuel (PDP-Bayelsa Centra). Full details at https://www.akelicious.net/2018/11/breaking-saraki-reshuffles-committee.html
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The Independent National Electoral Commission (INEC) on Wednesday said it would deploy 1, 825 ad hoc staff for the Nov. 17 by-election for the vacant House of Representatives seat in Kwara. Malam Garuba Madami, the Resident Electoral Commissioner (REC) in Kwara, made the disclosure in his remarks at a stakeholders’ meeting in Omu-Aran, Irepodun Local Government Area. The News Agency of Nigeria (NAN) reports that the meeting held at the Government Secondary School, Omu-Aran, was at the instance of INEC to interact with the stakeholders ahead of the election. The by-election is in respect of Ekiti, Isin, Irepodun and Oke-Ero Federal Constituency. It became vacant following the death of Rep. Funke Adedoyin, who was elected in 2015 on the ticket of APC, but later defected to the PDP. Ms Adedoyin, daughter of the Nigerian industrialist, Samuel Adedoyin, died on Sept. 28 in a hospital in Abuja. Madami said that 1,532 of the figure was reserved for serving the youth corps members, while the rest were officials of the commission and other categories of workers. While giving the breakdown of the election statistics across the four local government areas, he said that the councils consist of 42 Registration Areas (RAs), 330 Voting Units and 383 Voting Points. He gave the total the number of already collected Permanent Voters Cards (PVCs) across the councils as 122,656, leaving 46, 700 yet to be collected. The electoral officer expressed disappointment at the low level of PVCs collection in the state, urging the party leaders, traditional rulers and other stakeholders to ensure that the PVCs were collected. He described the by-election as a litmus test for both the commission and the contending parties ahead of the 2019 general elections. Madami also expressed the commission’s readiness to conduct a credible, free and fair election that would meet the aspirations of all stakeholders, including the international community. “Please do not exercise fear; let us conduct ourselves peacefully before, during and after the election in order to achieve the desired aims and objectives,” he said. Commenting, Oba Abdulraheem Adeoti, the Olomu of Omu-Aran, appealed to the stakeholders to join hands with the electoral body and security agencies in achieving the desired success. The monarch was represented by Chief Jide Adebayo, the Eesa of Omu-Aran and a retired Director with the News Agency of Nigeria https://www.akelicious.net/2018/11/inec-to-deploy-1-825-ad-hoc-staff-for.html
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Hosting One-on-One Nigeria, a group from South East, President Muhammadu Buhari says his administration is trying its best to re-organise Nigeria after mind-boggling mismanagement of past administrations. Mr Femi Adesina, the Special Adviser on Media and Publicity to the President, said Buhari stated this when he received a group from the South-Eastern part of Nigeria under the aegis of One-on-One Nigeria, Tuesday night. Adesina, in a statement in Abuja on Wednesday, quoted the president as saying: “We are trying to organise the country. The extent of mismanagement we met when we came was mind-boggling. “Many times, I have spoken about the tremendous resources available to us between 1999 and 2014, and how it was frittered. “If only they had used just 25 per cent of it on infrastructure; road, rail, power, Nigerians would mind their own businesses, and not bother about whoever was in power. “The casualty figure on our roads daily is simply scandalous. No wonder they are in opposition now, despite all the power they thought they had.” The group, led by Chief Chido Obidiegwu, said it had keenly observed the strides of the Buhari administration nationwide, particularly in the South-east, “and it is now pay back time”. He said: “We have seen the work being done on the long-abandoned Second Niger Bridge, roads are being constructed in many parts of the region, and we believe there is every reason to support you for a second term.’’ While describing Buhari as the “grandfather of war against indiscipline and corruption, nightmare of insurgents, Mr Food Security, consolation to pensioners and Mr Frugality,” the group said it was going to mobilise South-easterners to massively vote for him. The group also believed that one good turn would then deserve another in 2023. The One-on-One Nigeria also promised to mobilise youth groups, women, artisans, traders and religious groups to massively vote for Buhari, adding that it has all it takes – “courage, drive, verve and vitality”. The News Agency of Nigeria (NAN) reports that seven men and two women represented the group during the visit. https://www.akelicious.net/2018/11/buhari-reversing-mind-boggling.html
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The Independent National Electoral Commission (INEC) has lamented the “multiple and contradictory orders from courts” arising from political parties’ direct and indirect primaries. INEC National Chairman, Prof. Mahmood Yakubu, said the development was unhealthy and would not advance the nation’s democracy. He said: “We don’t want a situation where they would say the commission is disobeying court orders. We want to deliver credible elections in 2019 to move our democracy forward.” Yakubu, who was represented by the National Commissioner on Voter Education and Information, Dr. Festus Okoye, spoke at the University of Nigeria, Nsukka (UNN), during a Campus Outreach organised by the European Centre for Electoral Support (ECES). He dismissed rumours that it’s National Commissioners; Amina Zakari has refused to leave office, even after her tenure had elapsed. The chairman disclosed that to enhance the elections next year, all delivery vans conveying sensitive electoral materials would be tracked from the point of departure, and would be demobilised where necessary. Meanwhile, the INEC chairman will on November 15, deliver a lecture to mark the sixth anniversary of Realnews magazine and publications. Yakubu is expected to speak on: “Political Transitions and Africa’s Economic Development,” at the event scheduled for Sheraton Hotel, Ikeja, Lagos at 10:a.m. Publisher/Editor of the online publication, Maureen Chigbo, said the theme was influenced by contemporary political, economic, security and socio-cultural challenges facing Africa. These challenges, she said, include Nigeria, which is regarded as the “Giant of Africa,” especially as it prepares for general elections in 2019. Chigbo disclosed that Yakubu was chosen to deliver the lecture because of his world-class experience, academic antecedents and current position as INEC chairman. She said the event would also witness interactive sessions by a panel of discussants to speak on Africa’s maturing democratic and economic culture. Among them are Dean, School of Education, Behavioural & Social, and a Professor of Economics at the College of Southern Nevada, Nevada System of Higher Education, Charleston Campus, Las Vegas, U.S.A, Dr. Charles Okeke, Director, Africa and West Regional Programme and Liaison Office of the African Union, Addis Ababa, Ethiopia, Prof. Adebayo Olukoshi, and Executive Secretary, Nigerian Content Development and Monitoring Board, Bayelsa, Nigeria, Engr. Simbi Wabote. The publisher added that the magazine would inaugurate some distinguished personalities into the prestigious Realnews Hall of Fame. The hall, according to her, is exclusively reserved for guest speakers, discussants; Realnews book reviewers and chairpersons at its anniversary lecture series https://www.akelicious.net/2018/11/inec-laments-multiple-court-orders-on.html
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Victoria’s Secret has unveiled their annual “Dream Angels Fantasy Bra” and its shining Swarovski crystals which has a hefty price tag of $1 million. “Angel” Elsa Hosk will don the $1 million undergarment on Thursday during the 2018 Victoria’s Secret Fashion Show, the lingerie company announced. The bra, which also comes with a body chain, is composed of more than 2,100 Swarovski diamonds “and responsibly sourced topaz,” the company said in a news release. It has at least 71 carats on the centerpiece and took over 930 hours to create. Hosk, a 29-year-old from Stockholm, Sweden, told People on Tuesday that when she tried on the bra during a fitting, “it was just a sensation that I’ve never felt before.” “My body was violently shaking. And it wasn’t because I was nervous, I was just excited,” Hosk said. “It was a cool feeling that I’ve never felt before. And it was definitely a moment that I’ll never forget.” She described the lingerie as “very cool, very simple, modern and so sparkly. If I would have designed it, it would have looked just like this. I put it on and I was like, ‘It looks like someone just made magic and put it on my body.’” While the cost of the brassiere is certainly higher than the price of a traditional Victoria’s Secret bra, the store said a version of the undergarment will be available to customers on Nov. 29 for $250 at select stores and online. The Victoria’s Secret Fashion Show will air Dec. 2 in New York City, United States. More photos at https://www.akelicious.net/2018/11/photos-1-million-bra-unveiled-in-us.html
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Aviation agencies, including Nigerian Civil Aviation Authority (NCAA), Federal Airports Authority of Nigeria (FAAN) and the Nigerian Airspace Management Agency (NAMA), are unable to replace obsolete airport equipment, resurface dilapidated runways and provide other amenities to the airports, because of N45 billion debt owed by domestic airline. Akelicious gathered that with no subvention from the federal government, these agencies depend on the revenues generated to pay salaries for their workers, execute safety critical projects and conduct training for manpower development. With such huge debt profile, FAAN said it is finding it very difficult to replace obsolete airport equipment like airfield lighting, resurfacing of dilapidated runways and provision of other amenities to the airports. On the part of NAMA, the agency said that it cannot source funds to install and replace old instrument landing system (ILS) at many airports, power its landing aids at various parts of the country and upgrade the skills of its technical staff. It was gathered that part of the revenue generated by NCAA is shared by the Accident Investigation Bureau (AIB), the Nigerian College of Aviation Technology (NCAT), Zaria and the Nigeria Meteorological Agency (NIMET). So the debts owed the regulatory authority has affected the other agencies that render critical services to the aviation industry. NCAA told Akelicious that the domestic airlines owe it about N12 billion and have given them till end of this year deadline to liquidate those debts or their operations would be grounded. The debt, it was gathered, accrued from five per cent of ticket sales charge and cargo sales charge. The Director General of the agency, Captain Muhtar Usman told Akelicious that NCAA has given the airlines a deadline of end of this year to migrate to its pay-as-you-go portal, the Aviation Revenue Automation Project (ARAP), noting that any airline that still owed would not be given start-up to operate from January 2019. “We have discussed with the airlines; that after the end of this year they must migrate to ARAP so that these debts will stop. We don’t want any airline to owe us again. So, by January 1, 2019 we expect all of them to embrace our automatic payment system,” Usman said. NAMA also told Akelicious that domestic airline owe the agency N5,729,099.36; while aerodromes owe it N2,388,393,043.12, making it a total of N8,117,497,142.48. The debt incurred by airlines include en-route charges and aeronautical charges and aerodrome charges include air traffic control services rendered to most private and state airports. The Managing Director of NAMA, Captain Fola Akinkuotu told Akelicious that these debts impinge on the agency’s operations because maintaining uninterrupted power at the airports and outposts costs NAMA huge amount of money and urged the airlines to pay off the debts. “The people that we provide services do not pay their debts. NAMA is not an entity created to make profit; it is a cost recovery agency. Now you want us to enhance the services, you want us to provide better radios, better communication, better navigation, better surveillance, knowing that equipment over time degrades, it has to be maintained; it has to be upgraded; for us to continue to do this, we need funds. “For us to maintain the status of the navigational aids (navaids), facilities that we have and to improve on it based on technology, how do we get the money to do that if not from the payment of the services we render? Everybody is clamouring for better radios, better navaids and so on, nobody is saying how do we fund it? So in the interest of safety, it behoves on all the people who use our services to do the least, pay,” Akinkuotu said. Akelicious investigations revealed that the airlines owe FAAN about N25 billion, which accrued from landing and parking charges, rent, electricity, concession fees and others, which are the services provided to the airlines by the agency. A FAAN official told Akelicious that most of the airlines owe the agency landing charges and because it does not get any subvention from government, it depends on its revenue to maintain the airport facilities, install safety critical equipment like airfield lighting, adding that the debt profile has become so huge that the agency may find it difficult to pay workers salaries. Akelicious learnt that this year alone the total sum owed FAAN by the airlines is N3,696,639,812.12. One airline owed the agency N1,752,485,203.68 as at July, 2018. Akelicious gathered that some of the debts owed FAAN by airlines are mired in controversy over discrepancies on the amount owed. But the spokesman of Dana Air, Kingsley Ezenwa said that the airline pays the agency monthly, adding that whenever there is any discrepancy, it is reconciled before payments are made. https://www.akelicious.net/2018/11/aviation-agencies-groan-under-n45bn.html
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A total of 230.35 billion cubic feet (Bcf) of natural gas was produced in the country in July this year, averaging a daily production of 7,678.17 million standard cubic feet (mmscfd), the Nigerian National Petroleum Corporation (NNPC) has disclosed. The figure represents a 8.81 per cent increase over the previous month’s statistics. Its monthly financial and operations report for July 2018 said 3,084.09Bcf of the product was produced in a year, representing an average daily production of 7,834.62mmscfd while the daily average supply to power plants stood at 744.86mmscfd, equivalent of 2,898 megawatts. The survey noted that 1,858 cases of vandalised pipelines were recorded during the period. The document pointed out that for July alone, 204 cases of pipeline vandalism were witnessed with 16 points either failed to be welded or ruptured/clamped. It also indicated that 188 pipeline points were vandalised as against 165 recorded last month with Ibadan-Mosimi accounting for 124 points or 66 per cent of the cases while Aba-Enugu, PHC-Aba and other locations bore the rest. A statement by NNPC Group General Manager Group Public Affairs, Ndu Ughamadu, explained that output from joint ventures (JVs), production sharing contracts (PSCs) and Nigerian Petroleum Development Company (NPDC) contributed 69.38 per cent, 21.69 per cent and 8.93 per cent to total national gas production A further breakdown shows that 127.19bcf of the product were commercialised, comprising 35.55bcf and 91.65bcf for the domestic and export markets. This translates to a total supply of 1,184.81mmscfd and 3,055.00mmscfd to the local and international markets for the month, implying that 55.98 per cent of gas was commercialised while the balance of 44.02 per cent was re-injected and used as upstream fuel or flared. https://www.akelicious.net/2018/11/gas-production-leaps-as-nnpc-records.html
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Members of the Biafra Zionists Federation, BZF, have threatened to commit suicide over their missing leader, Barr. Benjamin Onwuka. Newsmen report that Onwuka is suspected to have been arrested by security operatives after another failed attempt to seize Enugu Government House on August 20. He has remained incommunicado two months after the encounter. In a statement on Sunday by the national coordinator of the BZF, Comrade Ogbu Gilbert, he said they had waited in vain for the Department of State Services, DSS, to either release their leader or charge him to court. “We want to further inform Nigerians and the International community over the unlawful detention of our leader, Barr. Benjamin Onwuka, by men of the DSS. “It is now over two months and they have refused to charge him to court, contrary to the provisions of Nigeria’s Constitution, which says nobody should be detained beyond 24 hours. “More worrisome is the silence of the security agencies, the South-East governors and Ohanaeze Ndigbo. We are beginning to think that there is a collaboration among them.” He declared that “we are issuing a 7-day ultimatum, after which we have no option than to commit suicide. We shall occupy all the roads in the South-East and either get crushed by vehicles or have ourselves killed by security forces. “By this statement, we are drawing the attention of the international community, especially the United Nations, the Amnesty International, the United States and Israel to the oppressive tendencies of the present federal government of Nigeria. “We have our right to self determination as provided for in all international treaties and we are not ready to sacrifice it.” https://www.akelicious.net/2018/11/biafra-zionists-threaten-suicide-over.html
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A formal partnership has been launched between MTN and top Nigerian actress, Dakore Egbuson-Akande, who now becomes the face of MTN XtraValue and stars in the latest TV commercials. Speaking at the launch, Dakore said: “I think the XtraValue package was made just for me, as it helps me manage my busy schedule whenever I travel. I really love the roaming feature as it means I can use the same line in different countries at an affordable cost.“ MTN’s XtraValue bundle plan offers the best of both worlds for data and voice calls on a single proposition. It is available in two categories – XtraTalk (which offers customers more airtime for Voice calls than Data volume) and XtraData (which offers customers more Data volume and airtime for voice calls). Speaking at the event, MTN Nigeria’s Chief Marketing Officer, Rahul De said the tariff plan was revamped “to give customers optimal experience and value for money. XtraValue did quite well when it was first launched in May 2016 and we saw the need to optimize the experience and improve the value offered to customers. We did this by introducing new functionalities such as roaming to ensure greater customer experience on the plan. This relaunch is in furthereance of MTN’s commitment to delivering tailor-made offerings that meet our subscribers’ needs.” https://www.akelicious.net/2018/11/actress-dakore-egbuson-akande-unveiled.html
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When the official arrived Enugu we had our primary election at dragon center Enugu in gubernatorial primary, delegates where accredited by the electoral official.Members accredited were 46 delegates. Bede Chukwuekezie won by 45 votes out of 46 total votes cast,while Dr Emmanuel Nwamkpa got one vote only. It was counted in front of the INEC official ,The whole delegates ,the press and the party stakeholders present in the primary election.We the whole Local Government chairman were physically and participated in the process with the exception of chairman of Enugu north LGA and Igboetiti LGA who were unavoidably absent.After the counting of the votes,the returning officer,the APGA national vice chairman north central Engineer Sule Ajayi, declared Mr Bede Chukwuekezie the winner and returned Mr Bede Chukwuekezie as the dully elected APGA candidate for thhe 2019 gubernatorial election in the state. The INEC representation declared that our election was much organised, very free and certainly the fairest they have witnessed In the state house of assembly, Mr Chijoke Udeani won in Awgu North constituency by affirmation, Mr Emmanuel Ozoene also won the Udi/Ezeagu federal constituency by affirmation. With the above facts please, why have these candidates not been given their certificate of return? Please chairman for the interest of peace and the party progress in Enugu State we appeal to you to give our flag bearers, Bede Chukwuekezie,Chijioke Udeani and others their certificate of return and forward their names to INEC APGA Enugu is ready for election but we are distracted by the uncertainties surrounding our duly elected candidates. Rumors making rounds in Enugu state have it that the national leadership of our party is doing the bidding of the Enugu state PDP governor, We do not want to believe this. We the under signed members are the authenticated party chairman of the seventeen local governments of APGA in the states,demand the party leadership to give our candidates their certificate of return and summit their name to INEC so we can resume our activities towards the forthcoming elections. If this is not done, we will be ready to support and stand with our candidates in the fight for justice in this matter.
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President Muhammadu Buhari has got an attestation certificate and confirmation of school certificate result from the West African Examination Council, Special Adviser Mr. Femi Adesina disclosed today. Adesina, who is special adviser on media and publicity disclosed this on Twitter Friday afternoon and taunted the President’s critics, who have been wailing over his certificate. More details at https://www.akelicious.net/2018/11/breaking-waec-presents-attestation.html
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Female Students of Federal Polytechnic Oko, Atani Campus in Ogbaru local government area of Anambra state goes fishing which they take as fun More photos at https://www.akelicious.net/2018/11/photos-federal-poly-oko-atani-campus.html
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Sprint king Usain Bolt’s attempt to become a professional footballer with Australia’s Central Coast Mariners collapsed Friday as his trial period was terminated after contract talks failed. The eight-time Olympic champion had been trying out with the A-League side for an indefinite period since arriving in August, hoping to fulfil a childhood dream to become a soccer player. The 32-year-old superstar’s quest garnered worldwide attention, which intensified when he scored two goals in a pre-season friendly. But his abilities were questioned and the club reportedly offered him only a fraction of the Aus$3 million (US$2.1 million) his management were said to be seeking, with outside sponsors needed to make the deal viable. “As previously stated, the club and (Bolt’s representative) Ricky Simms have been in conversations with external partners to find a commercial solution that suits all parties,” the Mariners said in a statement. “Despite several promising potential partners, both Bolt and the Central Coast Mariners have amicably concluded that they will not be able to settle on a suitable deal in a timely manner.” The 100m world record holder, who retired from athletics last year and has previously tried out with clubs in Germany, South Africa and Norway, thanked the Mariners for the opportunity. “I would like to thank the Central Coast Mariners owners, management, staff, players and fans for making me feel so welcome during my time there,” said the Jamaican, who is reportedly in Melbourne and will head to Europe soon for a previously agreed commercial engagement. “I wish the club success for the season ahead.” Bolt recently turned down a trial-free contract from cashed-up Maltese champions Valletta to focus on trying to make the grade in Australia. That offer prompted the Mariners to table their own deal, but they didn’t have the funds to make it work without outside help. And coach Mike Mulvey made clear that Bolt, who favours playing up front, was unlikely to get much game time in the A-League even if he signed, with the team boosting an experienced front line. It includes Aston Villa marksmen and Scottish international Ross McCormack, who is on a season-long loan deal, and Tommy Oar, who has played 28 times for the Socceroos. Bolt’s abilities were also questioned by pundits and some players, including former Ireland striker Andy Keogh who last month said he had a “touch like a trampoline”. Keogh, who used to play for Wolves and Cardiff, added: “He’s shown a bit (of potential) but it’s a little bit of a kick in the teeth to the professionals that are in the league.” The breakdown in his Australian quest coincided with Jamaican FA chief Michael Ricketts urging him to sign for a club in his homeland, dangling the prospect of being picked for the national team. “If he can make the transition from being a superstar on the track to being a good enough football player, then we will certainly call him up,” he told ESPN. Despite the failure to agree terms, Bolt’s presence at the Mariners has garnered huge publicity for a club that finished bottom of the A-League last season. Owner Mike Charlesworth acknowledged Bolt’s massive pulling power and said it had been a pleasure to have him on the Central Coast, around an hour’s drive north of Sydney. “This has been a mutually beneficial partnership that brought an increased level of excitement and attention to both the Mariners and the A-League,” he said. “From day one, Usain dedicated himself to being part of the Mariners. He integrated very well into the team and made great strides as a footballer.” https://www.akelicious.net/2018/11/bolt-sacked-by-leagues-coast-mariners.html
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The Enugu State Government has released N810 million to the Institute of Management and Technology (IMT), Enugu for infrastructure development to encourage reading and learning. The Rector of the institution, Prof. Austine Nweze, made this known in Enugu on Thursday in Enugu when members of the Enugu State House of Assembly Committee on Education visited the institution, as part of their quarterly oversight function. Nweze said that since his administration came on board in 2016, IMT came 29 out of 112 polytechnics in the country in a test conducted by the supervisory body. He explained that with all support given to the institution by Gov. Ifeanyi Ugwuanyi of Enugu State, IMT took seventh position out of the same 112 this year in the test among polytechnics in the country. The rector said that IMT came second in similar test conducted among state-owned polytechnics. Nweze said that the management would do everything humanly possible to ensure that the polytechnic take first position; both at the state and federal in 2019. He said that the polytechnic had implemented 2018 budget in terms of recurrent expenditure and up to date in terms of workers’ salaries. The Rector said that the monthly subvention of the institution was N120m while the monthly wage bill was N200 million with 12, 000 students paying N40, 000 as school fees per session. The rector said that the state government had released N25.5 million to the institution to purchase five fairly used vehicles for the management staff. He said that the management, however, thought it wise to channel the money to another pressing issue- re-accreditation of 43 programmes of the institution. Nweze said that the institution still lacked perimeter facing of the polytechnic due to limited resources. In his remark, The Chairman of the Committee, Mr Mathew Ugwueze, commended the governor for the support he was giving tertiary institutions in the state. Ugwueze called on the management of the institution to put more interest in vocational studies, reminding them that the world was moving toward vocation. He also urged the stakeholders in education industry to put more effort in making sure that education thrived in the state. https://www.akelicious.net/2018/11/imt-enugu-gets-n810m-for.html
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As the 2019 general elections draw nearer, former Bauchi state governor Mallam Isa Yuguda has dumped the Green Party of Nigeria for the All Progressives Congress, APC. He defected with about 5000 of his supporters into the ruling party. This was disclosed to journalists by his former commissioner for Information and chairman Yuguda Alheri Movement, Alhaji Salisu Barau Wakos at a press conference. Wakos stated that Yuguda’s major decision to defect to the APC was to boost support for President Muhanmadu Buhari’s re-election bid and to ensure that the APC wins the 2019 election. He said, “I want to declare that from today henceforth, Yuguda is a bonafide card-carrying member of the APC, including all his supporters in Nigeria. The defection is aimed at giving APC maximum support ahead of 2019.” The movement reiterated that Yuguda’s defection was done after wide consultations with his political allies, stakeholders as well as his supporters. The chairman stressed that the registration of Yuguda’s supporters into the fold of APC had since commenced nationwide. “By this declaration, Yuguda has urged all his supporters to canvass votes for President Buhari and Governor Mohammed Abubakar’s re-election bid come 2019,” Wakos added. https://www.akelicious.net/2018/11/2019-yuguda-defects-to-apc-in-bauchi.html
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The Ministry of Foreign Affairs has described as false the alleged video clip circulating on the social media purporting to show how Nigerians are being maltreated in Angola. The ministry’s spokesperson, Mr George Edokpa, said this in a statement made available to newsmen on Wednesday in Abuja. He said that the attention of the ministry was drawn to the alleged video clip and urged the public to ignore it. He said the purported clip circulating on the social media on maltreatment of Nigerians living in Angola was not true. Edokpa maintained that the allegation was false and should be disregarded. ”The Ministry is in contact with the Nigerian Embassy in Luanda, Angola, and wishes to categorically attest that the incidence under reference in the video did not occur in Angola. ”However, in line with the mandate of the Ministry to protect Nigerians in any part of the world, the Ministry is conducting a comprehensive investigation on the matter,” he said Full details at https://www.akelicious.net/2018/10/nigerians-in-angola-not-mistreated-fg.html
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The member representing Calabar South/Bakassi/Akpabuyo federal constituency, Hon. Essien Ayi, has cautioned the Independent National Electoral Commission (INEC) not to circumvent the wishes of Nigerians in the forth coming 2019 general elections. “If such is done, it will lead to final disintegration of this country, mark my word, and write it down” he stated. Speaking while inaugurating his 2019 election central planning committee, the fifth time member in the House of Representatives said “We prayed, believed and hoped that the present INEC should be the kind of transparency the INEC of Jega showed, which make former President Good Luck Jonathan who losses to concede. The present INEC should even improve on that, if they want this country to remain in peace and together, and if they try to circumvent the wishes of the people, it will lead to final disintegration of this country, mark my word, writes it down” he stated. Hon Ayi who thanked God for making him a candidate for the 5th time in the history of Cross River State, regretted that his party, People’s Democratic Party (PDP) was going to contest the 2019 election on the position of opposition. “This is the first time we are contesting election as opposition party, right from the beginning, we have been in the ruling party. We felt we should put everything in order so that we can kick start on Nov 18th when INEC would lift ban on open campaign for the forth coming elections for National Assembly and the Presidential elections. “Coming from that position, we should re-arrange our things; it should not be as before. Today, we have formed our central planning committee for the elections. “Even though it is a planning committee for Hon Essien Ayi 2019, we have the task of delivering all our candidates from President to governor to House of Assembly members. “We are going to constitute our own and if others have theirs, we can synergize with a simple goal of delivering our party PDP” he said. https://www.akelicious.net/2018/10/2019-calabar-lawmaker-reveals-what-will.html
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Information and Communications Technology (ICT) growth index for Middle East, Turkey and Africa (META), has ranked Nigeria low behind Kenya, South Africa, and the United Arab Emirate (UAE).According to the International Data Corporation (IDC), the META region holds greater developmental keys, especially for the adoption of new technologies. Speaking to journalists, IDC Group Vice President and Regional Managing Director META, Jyoti Lalchandani, said in countries where emerging technologies have been put on the national mandate, they lead in innovation and becoming more mature markets. Lalchandani noted that IDC is seeing a major shift in the operating model of digital transformation, where organisations are increasingly looking towards areas like cloud and analytics, to change the landscape in terms of their core investments.He revealed that while there have been some significant changes for development in Saudi Arabia, Kenya, and South Africa, growth in Nigeria has been slow, especially towards the adoption of new technologies. Lalchandani said the slow growth seen in Nigeria’s IT market, is posing a serious challenge to the West African IT ecosystem expansion. This challenge, which has been linked to some emerging issues in the country, including oil price volatility in the global market, and current political tension in Nigeria, are said to be affecting investors’ plans for the regional market. Besides, he noted that the government’s non-diversification move especially towards ICT is projected to have also had a negative impact on the region’s growth, as such diverting investors’ focus from the market.He noted that the slow growth may persist owning to the too much dependence on oil, and insufficient diversification plans, saying the oil and gas sector, which is currently unstable, is putting so much pressure on the lean revenue. He said the IDC saw significant slowdown in the areas of consumer devices, and SMEs business spending, adding that Personal Computer, tablet, mobile phone markets have gone down significantly in the last one year owing to economic pressures and volatility. Read More: Nigeria’s slow IT market growth hinders West Africa’s expansion According to him, large enterprises are also feeling the impact, there has been an increased pressure, especially in the currency exchange rate, which was at a time N250 to $1, but increased to about N500 to $1 but gradually coming down, now around N350 to $1. All these affects IT departments and organisation, “they don’t want unpredictability in prices. Information technology is still seen as a cost factor, it is still seen as a CAPEX investment in Nigeria and this is putting pressure on their lean revenues.”On the other hand, Lalchandani said the UAE is one of the more mature markets when it comes to ICT spend, and this is because the government has incorporated a lot of what the IDC calls ‘accelerating technologies.’ “The interesting dynamic about the UAE is that a lot of these shifts that we see in terms of transformation are being led by the public sector, compared to other countries where it is the private sector that leads digital transformation programmes and projects. Here, the public sector is actually taking the lead.” According to him, the country is the first in the world to set up a Ministry of Artificial Intelligence, and appointed a minister to the department, and the Dubai Government plans to become completely paperless by 2021, by placing all its transactions on blockchain.”Our research indicates that countries (within META) where the public sector has taken the lead in driving innovation by adopting accelerator technologies (blockchain, AI, IOT, next-gen security, AR/VR, robotics and drones), are generally more mature. “In such cases, the private sector aligns itself with government direction, thereby increasing their own investments to keep pace. We have seen this also influence larger industry players (e.g, IBM, Oracle) to expand investments by establishing innovation hubs and other related investments.”Investment in analytics is changing from organisations looking to just leverage their data to gain a competitive advantage, to organisations looking into ways to monetise the data and create new revenue streams for both the public and private sectors, he pointed out. https://www.akelicious.net/2018/10/nigeria-ranks-low-in-meta-regions-ict.html
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The governorship candidate of Social Democratic Party (SDP), AlhaJi Bashir Adamu, has denied defecting to Peoples Democratic Party (PDP) in Jagawa. Adamu told the News Agency of Nigeria (NAN) in Dutse on Tuesday that he has never discussed or told anybody or group that he would dump his party to join PDP. “I am, therefore, warning those spreading that fake news aimed at scuttling my political ambition to desist because they will never succeed. “PDP has already failed, so how can I leave SDP and join the party that is already dead.” The governorship candidate said that if he secured the mandate of his people he will focus attention on education, both western and Islamic. “This is because education is the ingredient for human development, “When human beings have education, it will develop their skills and talents intellectually, socially, economically and otherwise.” “Another critical area I am going to pay attention is capacity building stressing that people will be empowered with soft loans to engage on meaningful ventures and businesses to be self-reliant as well as create employment for others. Adamu said that agriculture will also get a boost if he becomes the governor of jigawa, pointing out that improved seeds, fertilisers and other farm inputs will go down to meet the farmers at the grassroots. He stated that his administration will create a synergy to seek for markets for the sales of farm produce harvested by farmers. “The gubernatorial candidate, therefore, called on people of the state to support him saying that he will never betray the confidence they will repose in him. https://www.akelicious.net/2018/10/i-did-not-defect-to-pdp-adamu.html
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The Nigerian National Petroleum Corporation (NNPC), its subsidiary, Nigerian Petroleum Development Company (NPDC), and companies in the oil and gas sector are yet to remit $22.06 billion and N481.75 billion into the Federation Account, the Nigeria Extractive Industries Transparency Initiative (NEITI) declared yesterday. NEITI made the disclosure at a remediation conference where it provided a summary of unremitted revenues, losses and reconciled differences in transactions and operations in the sector. It insisted that the unremitted funds included earnings from oil and gas producing companies worth N5.2 billion and $152.69 million and another $498.6 million in revenue from companies involved in offshore processing contracts. According to the statistics, the NPDC is yet to remit $2.38 billion and N51.95 billion while NNPC is holding on to $19.04 billion and N424.57 billion. The total loss to the federation arising from crude oil production, processing and transportation stood at $3.038 billion and N60.997 billion. Also, unreconciled differences arising from the allocation, sale and remittance of proceeds from domestic crude allocated to NNPC amounted to N317.475 billion. At the event, the NEITI’s executive secretary, Waziri Adio, expressed concern over growing remedial issues in the nation’s extractive sector. He regretted that regulations that set up the agency did not empower it to prosecute and called on stakeholders to address challenges of remediation. NEITI equally raised the alarm over unpaid consideration on four oil fields in the NAOC Joint Venture assigned by NNPC to NPDC in 2012. It stressed that while the asset was previously valued at $2.25 billion, it was re-negotiated down to $1.554 billion, with NNPC claiming that before revaluation, it had remitted $1.65 billion from the gas revenue derived from the assigned assets as payment for the value of the assets. Reacting, Peter Egbule, national coordinator of Publish What You Pay Nigeria, blamed regulatory lapses, weak institutions, determination by entities and individuals to divert public fund and the inability of government to act proactively. He said while the Petroleum Industry Bill remains key to addressing the issues, the Federal Government must strengthen regulatory frameworks and show political will towards fighting corruption and blocking leakages in the oil sector. Meanwhile, oil prices slid yesterday as Russia signaled output would remain high. Losses, however, were limited ahead of the United States’ sanctions on Iranian exports. The sanctions are expected to reduce supplies when they come into effect in just under a week. Brent crude futures fell 12 cents to $77.50 a barrel while US West Texas Intermediate (WTI) crude lost 30 cents to $67.29 a barrel. Oil prices also fell about $10 a barrel since four-year highs reached in early October. But Nigeria’s Minister of State for Petroleum Resources, Ibe Kachikwu in an interview in London yesterday said the Organisation of Petroleum Exporting Countries (OPEC) is likely to keep prices at $70 per barrel when it meets in December. He described $70 as the “comfort level for us and everybody,” saying he would be surprised to see anything dramatic. Russian Energy Minister Alexander Novak said on Saturday that there was no reason for Russia to freeze or cut its oil production levels, noting that there were risks that global oil markets could face a deficit. OPEC, led by Saudi Arabia and non-OPEC member, Russia, agreed in June to lift oil supplies, but OPEC signaled last week that it might have to re-impose output cuts as global inventories rise. “When the Russians start talking about keeping the production levels high and even the possibility that they need to increase it because of a possible tightness in supply, that brought on some selling pressure,” Reuters quoted Gene McGillian, director of market research at Tradition Energy in Stamford, Connecticut, as saying. Industrial commodities such as crude and copper have also been rattled by hefty losses in global equities due to concern over corporate earnings and fears over the impact to economic growth from escalating trade tensions, as well as a stronger dollar. https://www.akelicious.net/2018/10/nnpc-others-yet-to-remit-2206b-n48175b.html
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A new report by GlobalData, a data and analytics company has said that effort by Nigeria to revive its ailing refineries alongside other upcoming private refinery projects will place the country second in global refining capacity after China. The report said Nigeria is planning a massive refinery expansion to meet growing domestic demand for petroleum products and is expected to expand its crude distillation units (CDU) capacity by 2.003 million barrels per day bpd, at a cost of $57.6 billion. Also, Kuwait will add 615,000 bpd of CDU capacity by 2022, and is expected to spend $7.5 billion through 2022. According to the report, China will lead global refinery capacity expansion and investments with 3.12 million bpd additional refining capacity and $67.3 billion capital expenditure through 2022, GlobalData said. Total refining capacity in the world is expected to grow by 15.1 percent between 2018 and 2022, with global crude distillation units (CDU) capacity expected to hit 117 million bpd by 2022, GlobalData said in its report. Asia will lead the pack with the highest planned and announced CDU capacity of 5.4 million bpd in 2022, followed by Africa and the Middle East with 3.2 million bpd and 2.7 million bpd, respectively. In capital expenditure (capex), Asia will again be the leader with expected capex for new build refineries of $194.9 billion, followed by Africa and the Middle East, with $126.6 billion and $87.1 billion, respectively, GlobalData has estimated. Among individual countries, China is the leader, with ten new-build refineries expected to come on line by 2022, followed by Nigeria and Kuwait. The top ten also includes Iraq, Iran, Turkey, Brunei, Indonesia, the Philippines, and Saudi Arabia, GlobalData’s report shows. “China’s ambitious refinery capacity expansion programme continues fuelled by the country’s industrial growth, and growing demand from the transportation sector. The capacity expansion program is powering China’s crude imports, and will transform the country to become a strong contender for exports of petroleum products globally,” Sumit Kumar Chaudhuri, Oil & Gas Analyst at GlobalData, said, as carried by East African Business Week. Last month, Chinese refiners processed a record daily amount of crude oil. At a calculated 12.49 million bpd, the September run rate of Chinese refineries was more than 600,000 bpd higher than the August figure. https://www.akelicious.net/2018/10/nigeria-emerges-2nd-after-china-in.html
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Diamond Bank Plc’s third quarter (Q3) financial report for the period ended September 30, 2018, has shown funds disbursement of more than N1 billion to small business owners, under the cash flow-based SME lending scheme. The initiative, which is in partnership with the Women’s World Banking (WWB), has already earned the financial institution a ranking among the first five SME customer bank in Nigeria in the KPMG customer service survey of 2018. The unaudited result, presented to the Nigerian Stock Exchange (NSE), affirmed the bank’s strong focus on the Nigerian market, rather than foreign markets, with a retail sector driven by technology to boost its growth and position SMEs for competitiveness. Specifically Tech-driven retail boosts Diamond Bank’s Q3 result, the bank’s retail and digital strategy has supported the expansion of financial inclusion programme, with the number of banking agents rising to 70,052 in Q3, througStandard Chartered hosts mortgage fair h Diamond Y’ello, BETA and CLOSA product lines. Besides, it introduced SMEzone to the market- an information-sharing platform, aimed at positioning entrepreneurs for competitiveness while the sale of its UK subsidiary expected to be completed by year-end. The Chief Executive Officer of the bank, Uzoma Dozie, said the global economy is currently witnessing a shift in trade relations alongside continued interest rate adjustments. “This has led to greater volatility across markets and increasingly fragile economies. Nigeria’s economy has not been immune to certain headwinds, so that while the economy recorded quarters of expansion, the rate of growth has weakened. “However, against this backdrop, our digital-led retail strategy has remained robust. Through this strategy we have been able to continue scaling up by reaching a wide pool of customers both cost effectively and efficiently. “Our investors can expect a further decline in Non-Performing Loans (NPLs), a further increase in our digital footprint and completion of the sale of the UK subsidiary. Through these actions we remain optimistic about the medium to long term outlook of Diamond Bank and its return to strong profitability,” he said. An analysis of the result showed that despite the challenging trading environment, the bank’s non-interest income to profit increased by 10.81% from N24.66 billion in 2017, to N27.32 billion in Q3 of 2018. Impairment charges decreased by 24.21% from N33.21 billion in Q3 of 2017, to N25.17 billion in the period under review, while interest expense, however, rose by 18.32% to N41.26 billion year-on-year. The level of interest expense showed a continued to decline in-line with guidance, falling by 15.36% from N14.83 billion in Q1 of 2018, to N12.56 billion in Q3 of 2018, while a 2.89% year-on-year increase in operating expense to N66.20 billion in Q3 of 2018. The bank said that cost containment measures are underway with its digitisation process contributing to quarter-on-quarter gains, as the operating expense declined by 0.36% from N22.15 billion in Q2 2018, to N22.07 billion in Q3. https://www.akelicious.net/2018/10/tech-driven-retail-boosts-diamond-banks.html
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The escalating violent Kaduna crisis has forced the Nigeria Railway Corporation (NRC) to suspend its Abuja-Kaduna route. The Managing Director of NRC, Mr Fidet Okhiria, announced that the Abuja-Kaduna train services has been suspended till the security situation in Kaduna improves. Okhiria told the News Agency of Nigeria (NAN) in Abuja that the train service was suspended on Friday because of the safety of the passengers, goods, coaches and wagons. “We decided to stop the train services yesterday (Oct. 27) because of the curfew and the crisis situation in Kaduna, passengers cannot go in and out of Kaduna and for the safety of the passengers and our vehicles we decided to stop the services. “We will resume normal operations when the situation in Kaduna state improves and the curfew is lifted,” he said. Kaduna State Government had imposed a 24-hour curfew on Kaduna city and environs due to violent clashes recorded on Oct. 18 at Kasuwan Magani in Kajuru Local Government Area of the state. A fresh crisis erupted again later in the month over the death of the kidnapped traditional ruler of Kachia, Dr Maiwada Galadima. Meanwhile, the government has relaxed Kachia curfew, Mr Samuel Aruwan, the Senior Special Assistant to the Governor on Media and Publicity, said in a statement on Saturday. Aruwan said the State’s Security Council noted with gratitude the exemplary conduct of the people of Kachia, who remained peaceful while mourning the loss of a much-revered monarch. He stated that in recognition of this positive contribution to harmony, the Security Council directed that the curfew in Kachia be relaxed immediately today, Saturday, Oct. 27, 2018. He added that “residents of Kachia are free to go about their legitimate businesses from now till 5 p.m. today (Saturday). “Also From tomorrow, Sunday, Oct. 28, 2018, Kachia residents are also free to move from 6 a.m. till 5 p.m. “The Security Council advises residents of Kaduna to continue to comply with curfew hours. “The state government warns that only persons involved in delivering essential services will be permitted free passage, as curfew violation is crime that will earn arrest and prosecution.” No fewer than 32 persons have been arrested in Kaduna in connection with the renewed violence in Kaduna metropolis. Aruwan, announced this in a statement in Kaduna that the number of arrested persons over the renewed disturbances was given by the Police at the state’s Security Council meeting, adding that “these persons will be investigated and prosecuted’’. Aruwan also said that within the areas covered by the curfew, “security agencies thwarted attempts to destroy places of worship in Kawo and Hayin Banki. “It was also reported that one person was killed in Kasuwan Magani and another arrested with a weapon overnight while attempting to burn down the market there.” https://www.akelicious.net/2018/10/kaduna-crisis-hampers-train-service.html
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Anambra State chapter of Young Progressive Party (YPP) have received over 500 defectors from the All Progressives Congress (APC), All Progressives Grand Alliance (APGA) and the Peoples Democratic Party (PDP) respectively. The defectors were received by the chairman of YPP in aguata Local Government Area in Anambra state , chief Edward Chinedu Ezeabasili (Ogbaturuenyi). Chief chief Edward Chinedu Ezeabasili said the party was poised to take over power from the APC senator Dr Andy Ubah who have been on the sit for eight years. According to him, “We are poised to take over from APC in state come 2019 because over the years, they have been promising the people so many things without achieving any, but what we in YPP promise is what we believe in and will definitely fulfill because the party is founded on Godly principles. https://www.akelicious.net/2018/10/500-apc-pdp-apga-supporters-dump-party.html
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About 2.34 million subscribers have been added to the telecommunications network, according to figures released yesterday by the Nigerian Communications Commission (NCC). The report showed that the quartet of MTN, Airtel, Globacom and 9Mobile added 2.31 million fresh users, while the Code Division Multiple Access (CDMA) operator, Fixed Wired/Wireles and Voice over Internet Protocol (VoIP) operators added to the remainder.The total number of subscribers has, by these figures increased from 241.7 million in August, to 244.1 million in September. The increase has also pushed the country’s telephone density, also called teledensity, from 114 per cent to 115.8 per cent in the period under review. Teledensity is the number of telephone connections for every hundred individuals living within an area. It varies widely across the nations and also between urban and rural areas within a country. According to the figures, active telephone lines increased from 160.8 million in August to 162 million in September, with the GSM operators adding 1.1 million new subscribers within the period. The statistics also showed an increase in Internet penetration from 104 million users in August to 105.9 million in September.Further analysis of the report showed a fierce battle between Globacom and Airtel. Globacom, which had maintained the number two spot after MTN, appeared to have been displaced. Airtel, the statistics added, currently controls 25.6 per cent market share with 41.3 million subscribers, after MTN, which is still the biggest operator in Nigeria with 64.2 million users and 39.9 per cent market share. Globacom within this period has 40.9 million users with 25.3 per cent market share. 9Mobile, formerly Etisalat trading as Emerging Markets Telecommunication Services Limited (EMTS) in Nigeria, which celebrates 10 years of operations in Nigeria has 15.4 million subscribers amounting to 9.5 per cent market share. Chief Executive Officer of 9Mobile, Boye Olusanya, said in a statement that as the company, which marked its 10th anniversary in the country, reflects on the journey so far: “We take great joy in our heritage as a truly Nigerian company renowned for innovation, customer-centricity and youthfulness. https://www.akelicious.net/2018/10/telecoms-operators-have-increased.html
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The federal government and Huawei Technologies Company Nigeria Limited have signed a memorandum of understanding (MoU) for the second phase of the Information Communication Technology (ICT) for Change Programme. The Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, who spoke during the MoU signing in Abuja yesterday, noted that the programme exemplified government’s partnership with private sector organisations to drive the implementation of its policies and programmes. According to the SGF: “The signing of the MoU signifies the commencement of the second phase of the programme to train and empower 1000 federal civil servants across MDAs in capacity building. “It’s a further demonstration of the strengthening of the existing partnership between government and the private sector, represented by Huawei technologies. “This phase of the programme shall be jointly anchored by Huawei technologies company Nigeria limited and galaxy backbone “This laudable project has directly impacted the Nigerian youth in some key areas such as, human capacity building and cultivating ICT talent, provision of further advanced training in China to 10 high performing students and their subsequent engagement by Huawei sub-contractors in the telecoms sector, issuance of globally recognised Huawei certificate to 1,345 Nigerian trainees based on performance, equipping the students with necessary skillet to begin their own ICT start-ups and partner with Huawei in the telecoms and ICT industry.” He added that the ICT for Change Programme was also in alignment with the Federal Civil Strategy and Implementation Plan (2017-2020) to enhance the capacities and capabilities of Ministries, Departments and Agencies (MDAs) performance and delivery systems. Also, Huawei’s Vice President of Middle East and African Region, Xue Man, in his address, said the programme, which is a training initiative aimed at empowering civil servants with fundamental ICT knowledge and skills, was part of efforts to be more localised and fulfil its social responsibility, not by simple material donation but by mind enlightenment and talent cultivation. “With our rich experience in ICT, we will design and deliver the programme with our best subject matter experts. Our target is to provide free ICT knowledge training to 1000 civil servants. https://www.akelicious.net/2018/10/fg-huawei-seal-deal-on-ict-programme.html
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The Nigeria Customs Service (NCS) said it seized contraband comprising rice and other items valued at N105.3 million in Benin, Edo, between Sept. 20 and Oct. 19. The National Coordinator, Comptroller-General of Customs (CGC) Strike Force, Mr Abdullahi Kirawa, a Deputy Comptroller of Customs, disclosed this while briefing newsmen in Benin on Thursday. Kirawa said that the impounded contraband were 2,185 bags of 50 kilogrammes of foreign par boiled rice valued at N52 million, 600 pieces of used tyres valued at N4.05 million. Others, according to him, are 516 bales of used clothing valued at N33.35 million, 35 sacks of used shoes whose cost was N840, 000 and 100 cartons of vegetable oil valued at N3 million. He added that 67 cartons of Tramadol tablets and Codeine syrups valued at N12.06 million and 538 bags of substance suspected to be cannabis sativa, with 10 kilogrammes in each bag, were also seized during the period. Kirawa said that the seizure was mainly in the hinterland of the state and attributed the success recorded by the strike force to credible information from the public and Customs Intelligence Unit. He appealed to the public to continue to avail the Service of useful information to ensure that smuggling in the country was reduced. The coordinator, who handed the seized drugs and suspected substances to representatives of NAFDAC and NDLEA, respectively, said that the action was to show the level of synergy among security agencies. Receiving the drugs, NAFDAC Controller in the state, Mrs Esther Itua, said that the Director-General of the agency was vigorously championing the war against illicit drugs, including Tramadol and Codeine. Similarly, Mr Peter Ogar, Assistant Commander of NDLEA in Edo command, said that fighting illicit drug trafficking was a collective responsibility which required all hands to be on deck. Zone ‘C’ of NCS comprises 11 states – Edo, Delta, Bayelsa, Rivers, Cross River, Akwa Ibom, Anambra, Enugu, Abia, Imo, and Ebonyi. https://www.akelicious.net/2018/10/ncs-seizes-n105m-contraband-in-benin_7.html
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Work wil begin soon on the Lagos-Abidjan international highway and the Lagos-Badagry-Seme expressway following approvals yesterday by the Federal Executive Council (FEC) Finance Minister Mrs. Zainab Ahmed announced the approval for Nigeria to receive $1.5 million loan from the African Development Bank (AfDB) for the Lagos-Abidjan highway. The fund is part of the $13.5 million approved by the AfDB in 2016 to finance the project, according to the minister. She said: “Today (yesterday) the ministry of Finance went to council to obtain approval for a loan of $1.5 million from the AfDB to finance the multi-national Abidjan-Lagos corridor highway development project study. ”The multi-national project that is running from Abidjan-Lagos corridor will be a highway project that will be in six lanes, a dual carriageway highway that will involve five countries, including the Federal Republic of Nigeria, the Federal Republic of Benin, Republic of Cote’d’Ivoire, Republic of Ghana and the Togolese Republic. ”At the 42nd Ordinary Session of Heads of State meeting of the ECOWAS countries in 2013, this project was discussed and approved, the AfDB in 2016 approved the sum of $13.5 million for the whole of the project to finance, both the study in the form of a loan as well as the grant. ”So, this $13.5 million has been distributed among the participating countries and the component for Nigeria is $1.5 million. The project study can be commissioned towards the planning of the execution of the highway project itself,” she stated. The Minister of Power, Works & Housing, Babatunde Fashola, said his ministry presented a memorandum for the award of the Lagos-Badagry-Seme border road for rehabilitation and reconstruction. He said: “It’s a total of 46 kilometres that excludes the part under contract by the Lagos State government from Eric Moore to Okokomaiko. ”Council approved 46 kilometres from Agbara to seme border. Out of that 46 kilometers, 24 kilometre will be six lanes and 22 kilometres will retain the current four lanes without expansion, but with reconstruction and rehabilitation. The contract price is N63.023 billion,” Fashola said. He added: “Just for clarity, this road is part of the Lagos-Abidjan highway corridor. So, the Nigeria section is the Lagos-Eric Moore-Badagry-Seme border. We are constructing our part, Ghana has done theirs, and I think Ivory Coast has done theirs. Togo and Benin have something in place. “Some of them have to move because of coastal erosion by the Atlantic and how to reintegrate all of that is part of the studies that are been funded by the AfDB and also how to ensure single and efficient border control,” he said. He also said the FEC approved N1.029 billion for the 20-kilometre section of Gwarzo-Karaye highway in Kano State. According to him, the Council also terminated and re-awarded the contract for the 10 Megawatts Katsina Wind Energy project. He explained that the project, with 37 turbines, has 15 already completed, while 22 were at different stages of completion, adding that the completed turbines were already generating about four megawatts of electricity and being used by one of the power Distribution Companies (DisCos). He noted that the main French contractor had not been cooperating with the government and therefore re-awarded the contract to the local contractor, who has been working on the project. According to him, N121 million was approved for the re-award out of the money for the initial contact. He said the project is scheduled for completion within five months. The minister added: “Council also approved the African Trans-Sahara Highway project from Algiers to Lagos. The Nigerian section is the Lagos to Katsina border side, transversing Ibadan, Oyo, Ogbomoso, Ilorin, Katsina, Abuja and Kano, among others. “If you look at what the President has done in the last few days, a committee on the African Free Trade Agreement protocols, these are the critical infrastructures that link us. So, from South to North, from Lagos through the West Coast, are the interconnections on how we relate with other African countries.” The Minister of Water Resources, Suleiman Adamu, said that Council approved the revised estimated total cost for the construction of Zobe Regional Water Supply Scheme in Katsina State, Phases I (a) and II, as part of efforts to complete infrastructures inherited by the Federal Government. According to him, the project was first awarded in 1992 but bandoned with a new contractor taking over in 2009, but was never paid. Adamu said that the Buhari administration inherited the project at 75 per cent completion in 2015, adding, “Council approved the augmentation of N12.15 billion to bring the project to a total of N22.1 billion with an additional completion period of 18 months.” He disclosed that the Federal Government recently signed a N10 billion agreement with the Katsina State government for the completion of Phase I(b) of the project. https://www.akelicious.net/2018/10/15-million-afdb-loan-for-lagos-abidjan.html
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Aliko Dangote, president of Dangote Group, has been named the sixth most charitable man in the World, by Richtopia, a digital periodical that covers business, economics, and financial news, based in the United Kingdom. Dangote recently endowed his foundation to the tune of $1.25 billion. Warren Buffett, Bill Gates and J. K. Rowlings occupied the first three positions while Oprah Winfrey and Elon Musk were in the fourth and fifth position respectively. Aside Dangote, Tony Elumelu, chairman of United Bank for Africa was 11th on the list and these two were the only Nigerians on the list. Dangote started his foundation, Aliko Dangote Foundation in 1981, with a mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities. Aliko Dangote Foundation was, however, incorporated in 1994 as a charity in Lagos, Nigeria. 20 years later, the Foundation has become the largest private Foundation in sub-Saharan Africa, with the largest endowment by a single African donor. https://www.akelicious.net/2018/10/aliko-dangote-named-6th-most-charitable.html
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The Alliance for New Nigeria (ANN) and the African Democratic Congress (ADC) have berated the federal and the state governments for reneging on the agreement reached with the organised labour over the issue of new minimum wage. This Nigerian Labour Congress (NLC) had threatened to commence an indefinite strike from November 6 if both the federal and state governments fail to meet their demands on minimum wage for Nigerian workers. Reacting to the development yesterday in Abuja, the National Publicity Secretary of ANN, Mr. Akinloye Oyeniyi, decried the horrible state of Nigerian workers who he described as the engine room of the nation governance mechanism. According to him, “It was devastating reading the President of the Nigeria Labour Congress (NLC), Ayuba Wabba, and that of the United Labour Congress, Joe Ajaero, saying in a press statement on Sunday that the unions will be going on indefinite because of federal government’s stance on new minimum wage for workers.” Oyeniyi said that the federal government shouldn’t be threatening no work no pay in a negotiation which is yet to end. He stated: “These are workers being owed months of salary arrears and never threaten ‘no pay no work’. The government should have placated the workers that it could only increase the minimum wage from the current N18,000 to N24,000, instead of claiming no amount was agreed with the labour representatives at the tripartite committee meeting.” “Before possible solution is reached, we beseech the labour unions to reconsider their stance to save the nation from hardship that may accompany the said strike.” On her part, the National Publicity Secretary of ADC, Ms. Yemi Kolapo said that the federal government should not play hide and seek game on this matter and find a way of reaching a compromise with the labour unions. She said, “You don’t play hide and seek with matter like this, today they will tell you they have met with all the conditions of labour, just as a form of propaganda, tomorrow something else will happen…” Kolapo added that, “If a former labour leader can be a frontline leader in the ruling party, then it’s ironical that things like this will be happening under his watch. “So, it means people do not really practice what they preach and people have always said that the Buhari government does not even have an agenda for Nigeria, they don’t know how to go about the economy, much less this is a body of labour put together.” Kolapo noted that why she doesnt subscribe to strike, but added that the labour unions have a good reason for deciding go embark on this strike. “I don’t see the Buhari government settling it, I don’t, they will promise them but they won’t fulfil their promises. Let the government wake up to its responsibility.” https://www.akelicious.net/2018/10/labour-strike-ann-adc-berate-fg-states.html
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The African Development Bank has approved a US$50 million line of credit to Nigeria’s Fidelity Bank Plc to support small and medium-sized, and women-owned enterprises in selected transformative sectors. The credit will also accommodate close to 100 SMEs in manufacturing, health and education. According to a statement by AfDB, the credit was approved by the bank’s board on October 10, 2018, and the facility is fully dedicated to financing micro, small and medium-sized enterprises (MSMEs), with a minimum of 30 per cent going to women-owned enterprises. The statement read: "The loan will enhance Fidelity Bank’s liquidity and help meet the demand for medium-term funding to players in the target sectors, contributing to improved quality of lives, job and wealth creation and tax-revenue generation. "The facility complements the Nigerian government's long-term development strategy, as espoused in its Vision 20:2020 agenda. Aligned with Nigeria’s Economic Recovery and Growth Plan 2017-2020 (ERPG), the AfDB noted that the funding will ultimately boost enterprise competitiveness and expand Nigeria’s economic base. The ERPG seeks to stimulate Nigeria’s economic growth, catalyse macroeconomic stability, foster diversification of the economy, and enhance social inclusion as well as governance. "SMEs account for 30 per cent of Fidelity Bank’s loan portfolio. The selection of the tier 2 Nigerian bank for this seven-year credit facility (with a grace period of two years) is based on its strong niche presence in the SME and mid-sized corporates space. It is also in recognition of the bank’s credit management and strong track record with the African Development Bank. The Nigerian lender has previously received US$18 million and US$75 million lines of credit from the development finance institution in 2001 and 2013, respectively." Ebrima Faal, Senior Director, Nigeria Country Office at the African Development Bank, was quoted as saying: “Fidelity Bank is a niche player, focused on the SME space and this US$50 million credit line will contribute to strengthening its presence in its key market segments. The Nigerian financial institution also continues to meet its ongoing credit obligations under the terms of previous support received from the African Development Bank". The statement continued: "The line of credit to the Nigerian financial institution is consistent with the Bank’s Ten-Year Strategy (2013–2022). It also aligns with two of its High 5 priorities – Industrialize Africa and Improve the quality of life for the people of Africa. "Founded in 1987, Fidelity Bank Plc has grown from its marginal position into a stable banking institution. Currently the 10th largest commercial bank in Nigeria by asset size, it was listed on the Nigerian Stock Exchange in May 2005. It has a broad client base of about four million customers nationwide, served from a network of over 240 branches and business offices, supported by alternative service delivery channels like ATMs, mobile and electronic banking, and agency banking channels. "Following its renewed digital banking and retail drive, Fidelity Bank was ranked 4th best bank in Nigeria in the retail market segment in the KPMG Banking Industry Customer Satisfaction Survey (BICSS) in 2017." https://www.akelicious.net/2018/10/afdb-approves-50m-credit-facility-for.html
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