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By Aderonke OjediranAccess Bank has unveiled several discounts and mouth-watering freebies on its retail products and services to celebrate its customers in this season of love.
The Valentine season campaign, tagged Love is More, will run from Feb. 1 to March 11, 2023.
Mr Robert Giles, Senior Retail Advisor, Retail Banking, Access Bank, said at the campaigns debut that the initiative was introduced to demonstrate love and appreciation for its customers.
Valentine season provides us with another opportunity to demonstrate our love and appreciation for our customers for the years of loyalty and support for the bank.
We are using this opportunity to thank our customers for their commitment to Access Bank.
We value our customers and non-customers who rely on our services and products to conduct seamless banking activities, and we wish everyone the best of this season, Giles said.
Also speaking, Njideka Esomeju, Group Head, Consumer Banking, Access Bank, said that the campaign was unveiled to appreciate its customers during Valentine.
In the spirit of the season of love, we have unveiled several amazing offers to appreciate our customers during this month of love.
Our customers who sign up for the XclusivePlus annual plan this month of February will not only receive a 10GB of data to share great moments with loved ones but will also get a 10 per cent discount off their total purchases on Konga.
This season, when our women use their W branded debit card at Beacon Health Diagnostics, they will receive a 20 per cent discount on cervical cancer screening. Ladies, you can get your W debit card today from any Access Bank branch close to you, she said.
Esomeju said customers who transact five times every week this February on AccessMore or *901# would qualify to win a N500 top-up on *901# and N1,000 worth of data on AccessMore.
She said that the bank would also provide customers with free vehicle registration when they acquire a brand-new or pre-owned vehicle from one of our registered dealers nationwide.
Salary account holders with Access Bank are not left out, as they can access a bouquet of loan offers and enjoy a five per cent interest rate reduction in the first month of the loan repayment.
We are offering these and so much more to show how much we appreciate our customers consistent patronage.
To join the reward train, dial *901# or download and log onto the accessmore app to open a new account.
You can also visit any Access Bank branch near you to reactivate your account, and then start transacting immediately to enjoy the Valentine season campaign benefits, Esomeju said. (NAN)(www.nannews.ng)
Edited by Chinyere Joel-Nwokeoma
Source: NAN News
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By Vivian Emoni
The Lift Humanity Foundation (LHF), an NGO, has called on all relevant stakeholders to support and intervene on those vulnerable communities, youth and women, affected by climate change and other environmental crisis across the country.
The Executive Secretary of the LHF, Pius Oko, said this at Post-COP 27 and Pre-COP 28 Consultative Workshop, on Thursday in Abuja.
Oko said that the collaboration of the relevant stakeholders would help to pressurise developed countries to redeem their financial commitment and other support.
He said that such intervention would aid to address environmental crises for those vulnerable communities, the youth and women, thereby assisting in promoting smart agriculture and other activities in the country.
According to him, we want all stakeholders to come together and ensure that the voices of the vulnerable, those that have been suffering from the impact of climate change is heard.
It is not a discussion for policy makers, it should be a decision that concern people at the grassroots, so let us come together and make sure that voices are being heard through strong advocacy.
Yes, we strongly need more of advocacy and sensitisation, especially to those climate deniers who have refused to understand the impact of climate change in our environment.
Climate change issues are too important to be left in the hands of deniers.
So, we need to educate them to let them know that the climate change we are talking about is real and it is impacting us negatively.
Oko said that in 2022, floods claimed lives of Nigerians, displaced millions of people and washed away hundreds of farms and farm lands across the country.
He said that the issues would continue in frequency and magnitude, if the present trend could not be reversed to build climate resilience.
He urged stakeholders to strongly put more strategies that would support in the implementation of programmes and decisions taken in 2022 at COP 27, held in Sharm el-Sheikh, Egypt.
He, however, called on Nigerians to intensify more action, especially at the community levels, to ensure that the environmental crisis was tackled effectively.
The Chief of Mission to Nigeria, International Organisation for Migration (IOM), Laurent de Boeck, said that climate change, environmental degradation and disaster were reshaping contemporary human mobility patterns around the world.
Boeck said that extensive array of international agreements and frameworks attest to urgency of addressing climate change and human mobility together.
He said that Nigerians should integrate climate risks into humanitarian response plans and programming to ensure response to climate-related displacement.
The Executive Director, Education as a Vaccine (EVA), Toyin Chukwudozie, said that the organisation had a discussion with women and girls in various states affected by climate change and other environmental impact.
After the discussion, we recommended that there should be a guarantee equitable participation of women and girls in all their diversity in climate change policy process, programming and decision making at all levels.
There is a need to be a gender balance and inclusion in selection of decision making bodies such as the Senate Committee on Ecology and Climate Change and other relevant committees.
Chukwudozie said that women and girls should be involved in conversations about the climate change issues to enable them make solution on how it can be tackled. (NAN) (www.nannews.ng)
Edited by Vincent Obi
Source: NAN News
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The Ijegun-Egba Tank farm owners and Operators have resolved to sell the Premium Motor Spirit (PMS) to marketers at ex-depot price of N172 beginning from Monday.
This is to ensure that filling stations across the country sell the product at the government approved price and to reduce the hardship faced by Nigeria in accessing it.
In a communiqu by Mr Adebowale Olujimi, Chairman of the group, the owners said they are working with the Nigerian National Petroleum Company Limited (NNPCL) to achieve an uninterrupted distribution by Monday of the 127 million litres of its February allocation.
We will utilize our storage networks to supply and distribute petroleum products to various part of the country to ensure that Nigerians have Premium Motor Spirit (Petrol) for their daily operations. We are also committed to maintaining our transparency in this respect.
That our Tank farms will continue to sell and load at the government regulated price of N172 Ex Depot to all marketers. All our members retail outlets across the Nation will continue to sell petroleum products at the government approved price.
We consider ourselves as an integral part of petroleum product supply chain in ensuring product supply, energy stability and energy security. We have played and will continue to play significant roles in the supply and distribution of petroleum products across the nation.
Our members are committed to ensuring efficient petroleum product distribution, and by extension ensuring energy security in line with the Federal Governments policies and regulations.
The tank farm owner further reiterated their resolve to contribute to National economy, energy security and play significant roles in the supply and distribution of petroleum products across the nation to ameliorate adverse effects the current challenges have on business and commercial activities.
It also restated its members commitment to continue to contribute to governments effort in building a robust business environment to stimulate economic growth, especially in making petrol available to Nigerians.
The association is an umbrella organisation of all the oil companies currently engaged in the operation of petroleum storage tank farms and facilities at Ijegun Egba, Satellite Town, Lagos, along the Ojo Creek Channel.
They are A.A. RANO Nigeria Limited, JGold Nigeria Limited, Chipet International Limited, Emadeb Energy Services Limited, First Royal Oil Nigeria Limited, MAO Petroleum Company Limited, Menj Oil Limited, Ocean Pride Energy Services Limited, Stallionaire Nigeria Limited, Wosbab Energy Solutions Limited and Rainoil Limited.(NAN)
Edited by Ismail Abdulaziz
Source: NAN News
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Inflation curveBy Rukayat Moisemhe
Economic experts have urged Nigerians to diversify their asset classes and investment portfolios to hedge against the countrys inflationary pressures in order to enhance profitability.
The spoke at the Nairametrics economic outlook for Nigeria in 2023 webinar with the theme: 2023 Economic Opportunities to Mitigate Impact of Headwinds, on Saturday.
Mr Kalu Aja, a certified financial education instructor, observed that the countrys current inflation rates averaged 20 per cent.
He said that to get returns meant making profits above 21 per cent; a difficult phenomenon.
Aja opined that to make returns in Nigeria, a combination of portfolios and a better handling of the current insecurity situation which trigger food inflation was very critical.
He added that businesses or individuals looking to invest in the country must come together, raise capital to take advantage of commercial papers in the capital market.
Aja noted that the youthful population must invest and build their portfolio over time to get returns in the long-term.
To address the countrys debt situation, Aja said that some percentage of Nigerias assets must be sold to pay off the debt principal as well as foreign debts.
If we can have a handle on insecurity, it would drive inflation down and help to make a real rate of returns.
Investments must be diversified and if you have the means to earn foreign currency risk free; embrace it. You can also do a dollar fund in Nigeria.
Investing in Nigeria now should be very flexible and short term and one must spread risk by having more people invest with you, he said.
Mr Andrew Nevin, the Chief Economist, PwC Africa, noted that Nigeria currently was operating a harsh business environment characterised by multiple taxation, weak purchases and other macroeconomic challenges.
Nevin, however, stated that the real estate environment had improved massively due to the professionalism of the players in the sector and the fact that land held real value that does not depreciate.
The economist said that the best investment class was the brain and charged Nigerians to up-skill and invest in themselves to beat the headwinds.
Nigeria must also expand exports in fields of exports, technology and others against manufacturing or physical goods to fully engage the more youthful and growing population going forward, he said.
Mr Cheta Nwanze, Lead Partner, SBM Intelligence, affirmed that all states in the country particularly Lagos, Ogun, Kano, Anambra, Rivers, Akwa Ibom, Nasarawa, and Abuja offered opportunities for investments.
Nwanze stressed the need for better integrate Lagos to Onitsha with road infrastructure to harness trade and commerce activities worth billions of dollars across the region.
Nigeria has been a net exporter of people for many years now as our economy never generates enough jobs to accommodate the unemployed hence the Japa syndrome.
People need to up-skill as quick as possible to match up technology advancement and disruption and Nigeria needs to take advantage of its proximity to Europe to export apparels and other things but we must create quality to be accepted.
Customs must not be solely focused on the unrealistic revenue target set for them and a reform is needed to unleash the countrys potential, he said.
Nwanze advocated the importance of a phased out petroleum subsidy removal spread across the next four years against the once-and-for-all-style to mitigate the impact of inflation and the standard of living of people.
He also stressed the need for transparency in the use of the removal proceeds to gain the trust of the people.
Mr Ugo-Dre Obi-Chukwu, Founder, Nairametrics, projected that the socio-political challenges facing Nigeria in 2023 included fallout of the general elections, fiscal and debt crisis, corruption, inflation, migration, subsidy removal, protests amongst others.
Obi-Chukwu stated that the outlook for 2023 would be characterised by likely rejection of electoral outcomes, partial implementation of budget and uncertainty in making critical business decisions.
In 2023, Nigerians should expect to pay more taxes as government plans to leverage taxes to boost non-oil revenue and investing in technology to ensure compliance, he said. (NAN)(www.nannews.ng)
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Edited by Chinyere Joel-NwokeomaSource: NAN News
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NEMA Hq, AbujaBy Ruth Oketunde
Mr Mustapha Ahmed, Director-General, National Emergency Management Agency (NEMA), has approved the promotion of 229 staff members of the organisation who were successful in a recent promotion exercise.
This is contained in a statement signed by Mr Manzo Ezekiel, Head, Press Unit, NEMA, on Sunday in Abuja,
Ezekiel said the newly promoted staff were elevated to various ranks which include one substantive director on salary grade Level 17, one deputy director on grade level 16 and eight assistant directors on grade level 15.
Others are 37 staff members promoted to grade level 14 and 55 officers to level 13.
Also, 45 officers were elevated to grade level 12, 29 officers to level 10, 9 officers promoted to level 9 and 5 were promoted to level 8 and 39 others were also promoted to grade level 7.
Furthermore, one staff member was converted from clerical to executive cadre and another from executive to administrative cadre respectively. Also, 10 drivers were converted to works superintendent cadre.
The promotion exercise was conducted in line with the extant provisions of Public Service Rules.
The Management of NEMA approved the outcome of the exercises, which was ratified by the Senior Staff Establishment Committee that included representatives of the supervising Ministry of Humanitarian Affairs, Disaster Management and Social Development as well as the Office of the Head of Civil Service of the Federation, he said.
The director-general congratulated the newly promoted staff and urged them to justify their elevation with more commitment to duties and actualising the mandates of the agency.(NAN)(www.nannews.ng)
Source: NAN News
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Buhari on Katsina vigilantes attackBy Ismaila Chafe
President Muhammadu Buhari on Sunday condemned the attack on vigilantes at Yargoje Forest in Jibia Local Government Area of Katsina State, where many lives were lost.
The insurgents ambushed a convoy of vigilantes in the forest as they went to recover stolen cows.
In a statement issued by his media aide, Malam Garba Shehu, in Abuja, the president paid tributes to the vigilantes and their family members.
He said the sacrifices of the brave men who were working to prevent and punish crime in their communities would not be forgotten.
Our thoughts and prayers are with the bereaved families in this difficult period. May Allah repose the souls of the deceased, the president said. (NAN)(www.nannews.ng)
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Edited by Alli HakeemSource: NAN News
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New Emir of Dutse, Hameem SunusiBy Muhammad Nasir Bashir
Gov. Muhammad Badaru of Jigawa has approved the appointment of Hameem Sunusi as the new Emir of Dutse.
The News Agency of Nigeria (NAN) reports that the new Emir succeeded his father, Dr Muhammad Sunusi II who died on Jan. 31 at the age of 79, after 28 years on the throne.
NAN also reports that Secretary to the State Government, Alhaji Abdulkadir Fanini, presented the letter of appointment to the new emir in Dutse on Sunday, on behalf of the governor.
The governor said that the new emir was chosen after careful consideration of the names recommended by the kingmakers of Dutse Emirate Council.
He urged the new emir to discharge his duties in the best interest of his people, without preference and unite them for the progress of the area.
NAN reports that until his appointment, the new emir, who was born in 1979, held the title of Daniyan Dutse.
On behalf of the Jigawa State Government, His Excellency, Gov. Muhammad Badaru Abubukar has congratulated HRH Alhaji Hameem Nuhu Sanusi on his appointment and wished him a successful and peaceful reign as Emir of Dutse, he said.
Responding, the new emir, who expressed gratitude to the governor for finding him worthy of the position, promised to justify the confidence reposed in him.
Sunusi, who promised to operate an open door policy, called for the support and cooperation of everyone in the emirate. (NAN)(www.nannews.ng)
Edited by Abubakar Ahmed and Wale Sadeeq
Source: NAN News
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Alhaji Aliko DangoteThe Dangote Industries Limited is the major sponsor of the ongoing 44th Kaduna International Trade Fair which coincides with the 50th anniversary of the Kaduna Chamber of Commerce Industry Mines and Agriculture(KADCCIMA).
The Trade Fair, which was officially declared open at the weekend, has as it theme: Promoting Value Addition for Economic Growth and Development.
Speaking, President of KADCCIMA Alhaji Suleiman Aliyu described the partnership with Dangote as very important for deepening commercial activities in the country.
He said that the support of the Dangote Group towards the success of the Fair cannot be quantified.
Speaking to newsmen, the Director General of the Chamber Alhaji Usman Saulawa, said the Dangote Group is a major sponsor of this years Trade Fair, and had been sponsoring the annual event all along.
He said: Dangote Group has been playing the role of supporter and partner for many years. It participation has been adding value to the Chamber.
The DG described this years fair as unique as there would be a Business Round-table session that would help deepen business opportunities for participants.
According to him, this years fair has attracted foreign companies from Niger Republic, Mali, Pakistan, Senegal and Egypt, among others.
The participating companies under the Dangote Industries Limited are: Dangote Cement, Dangote Sugar, NASCON, Dangote Fertiliser and Dangote Sinotruk West Africa Limited.
A statement from the Corporate Communication Department of the Dangote Group said participants who seek to do business with any of the companys subsidiaries can avail themselves such opportunity through a special help desk at the pavilion.
It described Kaduna State as one of its biggest markets in the country, given its historical position as the political capital of Northern Nigeria.(NAN)
Source: NAN News
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Jessica DogoAn NGO, The Ray of Hope Empowerment Foundation, has empowered pupils of LEA Nursery and Primary School, Kado-Kuchi, in the Federal Capital Territory (FCT) with learning materials.
The NGO, carried out the exercise at the 7th edition of its Adopt A Child And Educate, empowerment programme for schools in communities across the country, on Wednesday.
It provided the 393 pupils in the school with materials like exercise books, uniforms, sandals bags, pencil and biros, among other items.
The National Coordinator, of the foundation, Christybelle Sylva-John, said that the gesture was aimed tlat improving the education of the disadvantaged children in various communities across Nigeria.
Sylva-John said that the gesture would also build their self-esteem aand improve their academic performances.
Our goal is to improve the educational growth of the disadvantaged children in various communities across Nigeria by providing the necessary tools needed for their academic pursuit.
Our vision is to see that no child in Nigeria resumes school without the necessary school supplies needed to help him or her succeed.
To make sure that no child drops out of school due to lack of school fees, she said.
According to her, every child deserves to be educated, saying, education is the first early investment for every childs development.
She said that for nations to develop, their govermemts needed to prioritise budgetary allocations to educational infrastructure.
Sylva-John said that the gesture had been replicated in Benue, Enugu, Niger, Kaduna, Katsina and Imo states, as well as the FCT.
The coordinator urged the Federal Government to do more educationally, and increase the budgettary allocation to schools in the country.
Together, we can make a difference in the lives of the less privileged children in our society by empowering them to get quality education.
Since the launch of this programme in 2015, with the support of individuals, organisations and corporate bodies, we have visited several schools in the country and still counting.
The school is dilapidated. It is in need of toilets, chairs, teachers, more classrooms and the existing ones need to be renovated, she said.
The Headmistress of the School, Mrs Arhanmhunde Edith, said that the gesture has put smiles on the faces pf both the pupils and teachers.
She called on the Kado-Kuchi community to give its support by taking care of the facilities.
The rain spoilt our school. The government can help us renovate the school because most of the buildings are dilapidated.
We always welcome any organisation that is ready to come up with gestures like this. Our doors are always open for such, Edith said.
Isaac Isola, a pupil of the school, thanked the foundation for sharing the learning materials. (NAN)(www.nannews.ng)
Edited by Kadiri Abdulrahman/Bashir Rabe Mani
Source: NAN News
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By Chimezie AnasoAfrican Law students, under the aegis of Federation of African Law Students (FALAS), say they will explore opportunities for exchange programmes with their peers in other continents of the world.
The Head, Diplomacy and External Affairs of the group, Mr Odira Ezeh, said this during an interactive session with newsmen in Awka on Tuesday.
FALAS is the umbrella body of Law students and young lawyers across the continent.
Ezeh, a student of Chukwuemeka Odumegwu Ojukwu University, Igbariam in Anambra, was elected at the just-concluded Second Annual Conference of the body held between Oct. 3 and Oct. 5 at the University of Witwatersrand, Johannesburg, South Africa.
He said the new leadership would manage the affairs of the federation for one year.
Ezeh said the collaboration between the group and law students in other continents, like America, Europe and Asia, was aimed at acquainting themselves with new developments in their different legal environments and work towards convergence.
He further said that the group would further explore scholarship opportunities for members.
According to him, collaboration with our colleagues in other continents would engender greater cooperation among African law students and ensure continued unification of voices in Africa.
As the head of Diplomacy and External Affairs of FALAS, I shall work towards better collaboration in the areas of intellectual exchange, sponsorship opportunities and law updates with students across the world, he said.
Ezeh said that six other officers elected at the conference included Siaffa Kemokai from Liberia (President), Monica Tembo from Zimbabwe (Vice President) and Abigail Ampumuza from Uganda (General Secretary).
Others were Justice Emeh, Nigerian (Deputy General Secretary), Gerald Uchem, Nigerian (Welfare Secretary) and Nokuthula Songo from South Africa, Director of Information and Protocol. (NAN)(www.nannews.ng)
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Edited by Sam OditahSource: NAN News
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By Chiazo OgboluDr Bolaji Akinola, convener, Ships and Ports Maritime Football Cup Competition, on Tuesday, said that the competition was aimed at fostering health living and promote recreation in the industry.
Akinola said this at the 2022 Ships and Ports Maritime Football Cup Competition in Lagos.
According to Akinola, the competition which is the 12th edition is one of the two sporting event in the maritime industry; Ships and Ports Maritime Football cup competition and the Ships and Ports Table Tennis competition.
This competition is about bringing together everybody in the maritime industry, government agencies, maritime practitioners in a social setting that is different from seminars and conferences that they are used to.
Apart from bringing the industry together, this encourages recreation and of course, we know the importance of sports and exercise in healthy living. This is what the tournament is all about, he said.
He noted that due to COVID-19, the competition did not hold in 2020 and 2021.
Dr Vicky Haastrup, Chairman, Seaport Terminal Operators Association of Nigeria (STOAN), noted that the competition was good for industry operators mental health.
Haastrup congratulated Ships and Ports for keeping the competition alive, despite the challenging time, particularly COVID-19.
This is really important for our mental health, it instill unity within the sector; we are a family, everyone in the shipping sector, so it is really so great for all of us to participate.
Like the previous competition, this is going to be a huge success. The winner will carry the cup and its ENL that will carry the cup because I know my boys are up to the task.
This is good for the industry and this championship has come to stay. I say a big thank you to Akinola and I wish everyone best of luck, he said.
Also, Mrs Margaret Orakwusi, Chief Executive Officer, Morbod Fisheries Ltd., said the large turn-out showed that they were there to promote friendship.
This is a competition, so there will be losers and winners. However, you are all winners because you will make new friends and this is what Akinola is doing in the industry. Good luck and may the best team win, she said.
Mr Ahmad Umar, General Manager, Nigerian Ports Authority (NPA), wished the players the best and hoped that there would be no casualties.
It gladdens my heart to see young men filed out today. We appreciate Akinola, the organiser of this event for doing it every single year.
I wish everyone good luck, but there is no work without hard work, as you people must have prepared yourselves very well for this competition. You should know that the NPA is going home with this cup, he said.
Umar urged the young men to understand that this was exactly what they should be doing, engaging themselves in sports as it is good.
The highlight of the event witnessed the opening match between ENL Consortium and Higher Pacific International (HPI).
At the end of the opening match, ENL Consortium won by four goals to one from HPI.
The News Agency of Nigeria(NAN) reports that the Maritime Cup Football Competition was created by Ships and Ports in 2009.
It is to encourage recreation and camaraderie among employees of government agencies, private sector operators, and regulators in the maritime industry.
The competition officiated by approved FIFA-badge referees, has eight teams battle for honours and they are: Nigerian Ports Authority (NPA), Nigeria Customs Service, ENL Consortium, Josepdam Port Services and the Nigerian Navy.
The other teams are the National Association of Government Approved Freight Forwarders (NAGAFF), HPI Nigeria and Dynesty Ocean Shipping. (NAN)(www.nannews.ng)
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Edited by Olawunmi AshafaSource: NAN News
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By Emmanuella AnokamThe Nigerian National Petroleum Company Limited (NNPC Ltd), says the cooperation with Nigerian security has significantly reduced the scale of oil theft in the Niger Delta Region, following the discovery of several illegal pipes.
The Group Chief Executive Officer (GCEO) NNPC Ltd, Malam Mele Kyari made this known on Tuesday in Abuja at the ongoing Energy and Labour Summit 2022 organised by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
Kyari, in a keynote address, spoke on Energy Transition: Positioning the Nigeria Energy Industry for the Future(Government Perspective).
The GCEO while speaking on a wide-range of industry issues such as Energy Transition, Petroleum Industry Act 2021, a brand new NNPCLtd, tackling crude oil theft, he underscored the need for collaboration to halt the crude oil theft to spur economic growth.
The situation of vandals action on our pipelines and generality of crude oil theft has reach to the point that it needs all to react. The government security and regulatory agencies, whether service or operating are on the table today, he said.
Kyari, while expressing optimism that the country will have access to more crude and revenue in the coming weeks said the PIA passage had made the industry competitive, bringing companies back for investments while business decisions were being made.
Also speaking, Mr Gbenga Komolafe, Commission Chief Executive (CCE), Nigerian Upstream Petroleum Regulatory Commission (NUPRC) commended PENGASSAN for organising the event which dwelt on Energy Transition and its Effect on Workforce in the Nigerian Oil and Gas Sector.
Komolafe lauded PENGASSAN on its constructive roles in ensuring industrial peace and harmony, even as the industry was challenged by global and domestic factors like energy transition, climate change, paucity of financing, crude oil theft and a host of other constraints.
The CCE said remarkably, the oil and gas industry in Nigeria had contributed immensely to the economic growth of Nigeria for over five decades.
Through this period, he said the industry metamorphosed from one dominated solely by international Operators, to an industry with many indigenous players pulling their weight positively across operations in the petroleum value chain.
He said the success and growth witnessed in the industry over this period could be hinged on robust government policies such as Nigerian Oil and Gas Industry Content Development Act and PIA 2021 and other regulations, Investments and competent workforce.
Nigeria could further strengthen the resilience of our resources by considering initiatives to decarbonise existing oil and gas operations and continue to encourage investment in lower-carbon energy infrastructure such as gas pipelines.
It is expected that gas reserves would be a more resilient energy source under a range of energy transition scenarios, said the CCE.
He further listed some robust regulatory enablers to facilitate these energy resilience approaches that would make our hydrocarbon projects low carbon emitters and more attractive to investors to include the National Policy on Decade of Gas which is hinged on the Natural Gas Expansion Programme.
Others, according to him are Natural Gas Flare Commercialisation Programme, Natural Gas Flare Elimination and Monetisation Plan in line with Section 110 of the PIA, 2021.
He also included Guideline for Management of Fugitive Methane and Greenhouse Gases Emissions in the Upstream Oil and Gas Operations in Nigeria and the inclusion of Gas Infrastructure Fund in PIA.
He underscored the need to begin to develop local innovative financing solutions to develop our huge gas resources as the number of international traditional investors have dropped drastically.
To this end, he said the Africa Export Import bank (Afrexim) and Africa Petroleum Producers Organisation (APPO) had decided to set up an Africa Energy Bank to provide capital for oil and gas projects in Africa. (NAN)(www.nannews.ng)
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Edited by Sadiya HamzaSource: NAN News
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By Stephen Adeleye
The Command Army Records (CAR), Lokoja, on Tuesday, launched an exercise aimed at fishing out criminals from their hideouts in Kogi, tagged: Exercise Enduring Peace ll.
Speaking at the official inauguration in Okene, the Chief of Army Staff (COAS), Lt. Gen. Farouk Yahaya, said the exercise was designed to be conducted in the last quarter of the year to checkmate all forms of criminality as the yuletide season approaches.
According to him, the exercise is a result of the prevailing security challenges across the country, as similar exercises are also ongoing in other parts of the country under different names depending on the peculiarity of each region.
The COAS, who was represented by the Commander, Command Army Records (CAR), Maj. Gen. Sunday Igbinomwanhia, said exercise enduring peace II would hold from Oct. 18 to Dec. 22, 2022.
He explained that the exercise would involve stages of operational activities, including patrols, ambushes and raids of criminal hideouts.
He added that it would involve some non kinetic activities in form of Civil-Military Cooperation programme, such as free medical outreaches in some selected communities among others.
Our choice of medical outreach in support of the exercise is deeply rooted in our belief that the support of the host communities is key to the success of the entire operations.
He stressed that the medical outreaches would ameliorate the existing health challenges within the targeted communities, and foster existing cordial relationship between CAR and host communities.
The COAS further disclosed that the exercise is a joint venture involving all security agencies in Kogi as well as Vigilante Group to ensure peace across the state.
Yahaya emphasised that the decision to make it a joint exercise was in line with his vision to have a professional Nigerian Army, ready to accomplish assigned missions within a joint environment in defence of Nigeria.
Therefore, we must work together to achieve the common goals of safeguarding the lives and properties of Nigerians everywhere, he said.
The COAS commended Gov. Yahaya Bello for providing the enabling environment for them, while appreciating heads of security agencies for their continuous support and collaborations
Speaking in his own capacity, Igbinomwanhia appreciated the COAS for providing the resources for the free medical outreaches and the entire exercise.
Kogi is a peaceful place and very strategic and important to our nation. We must keep Kogi very safe and habitable for residents and passersby.
We promise that wherever the criminals are, we will make Kogi unconformable for the criminals in whatsoever, he said.
In his remarks, Kogi State Governor, Alhaji Yahaya Bello, who flagged off the exercise, thanked the COAS for organising the wonderful exercise to keep criminals out of the state and Nigeria at large.
Bello assured the COAS of the full support of the State Government, saying the exercise was timely especially coming towards the 2023 general elections.
He urged all the Local Government Chairmen and the traditional rulers and the entire people of the state to continue to cooperate with the State Government as well as the security agencies.
He assured that Kogi would remain a peaceful and secure state as far as Nigeria is concerned, saying, if Kogi is in turmoil, the nation would be in turmoil being bordered by nine States, including the FCT.
Bello, therefore, warned that anyone no matter how highly placed in the society who got himself or herself involved in any criminal activity would face the wrath of the law.
I will continue to lead this exercise from the front to ensure enduring peace for the people of Kogi. We cone in peace and we mean business, Bello said.
The News Agency of Nigeria (NAN) reports that the Attah Igala, Mathew Opaluwa, and other royal fathers were present at the occasion.
The Attah Igala, who is the President of Kogi State Traditional Councils, commended the COAS for the exercise, and assured of the continuous support from the traditional institution for the security agencies and the state government. (NAN) (www.nannews.ng)
Edited by Vincent Obi
Source: NAN News
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By Sumaila OgbajeOur Habitat, an Environment Protection Coalition, has thrown its weight behind the Armed Forces of Nigeria over the destruction of illegal oil bunkering vessels in the Niger Delta.
The coalition in a statement by the Convener, Davidson Wariboko, on Tuesday, also faulted the call for the sack of the Chief of Defence Staff, Gen. Lucky Irabor by a human rights lawyer.
Wariboko said that investigations by the coalition had revealed that some of those condemning the burning of the vessel were collaborators of oil thieves in the region.
According to him, the CDS had defended the destruction of the vessel, saying there was nothing sinister about the swift destruction of an oil bunkering vessel by security operatives.
Irabor has explained that there were various approaches, various solutions to a problem and at any time based on certain factors, certain considerations, available to those that are at the frontline, actions were taken based on the directive which are contained in the rules of engagement.
He quoted Irabor as saying, the burning of the vessel, it is because the thief was caught in the act and the procedure, if you are caught in the act, is that everything you are using to undertake that criminal activity should be destroyed and that was done.
What investigation do you need that you find somebody who decided to deplore several pumping machines and has several hoses that are deployed to a dug out pit where crude oil is stored over a period?
It was caught in the act. So, the instrument of operation was what was destroyed. I think it is straightforward. Whether that is the best is a different matter entirely but did they act in line with the rules of engagement? Yes, they did.
The coalition leader said that the armed forces had shown strong determination and courage to tackle oil bunkering more than ever in recent times.
He said that oil thieves had caused terrible environmental damage to oil producing areas, adding that decisive actions against them was justified.
According to him, they are causing the country a huge economic losses and at the same time causing environmental degradation in oil producing areas.
Calling for the sack of the CDS show the oil thieves are fighting back.
They are hiding behind the law to condemn the destruction of the vessel, while at the same time causing serious environment degradation in the cause of their criminal activities.
Since assumption of office as the CDS, Gen. Irabor has met stakeholders in the oil sector, security, traditional rulers and others in a bid to tackle the stealing of our common wealth.
At no time in the history of Nigeria like now, has the leadership of the Armed Forces shown determination and courage to face the economic saboteurs headlong. It seems they are now fighting back, he said.
The coalition urged residents of the oil producing areas and other stakeholders to cooperate with the military to tackle the criminals and make their environment better. (NAN) (www.nannews.ng)
Edited by Isaac Aregbesola
Source: NAN News
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This is because, it is only when one is well and healthy that he/she will begin to think of any economic, political or social activity.However, this has not been the case as ethnicity, religion and other issues have remained on the front burner, forgettingthe popular
saying that a healthy nation is a wealthy nation.This maxim makes it imperative for political office aspirants to articulate a comprehensive health financing mechanism to achieve Universal
Health Coverage (UHC), where all individuals and communities receive health services they need without suffering financial hardship.And to achieve UHC and more, Nigeria Health Watch organised a conference on the Future of Health in Nigeria to remind politicians vying
for offices in the 2023 general elections to take note, key in and make provisions toward ensuring good health for all Nigerians.At one of the events which took place in Abuja, the Managing Director of Nigeria Health Watch, Mrs Vivianne Ihekweazu, said in a few
months, Nigerians will be going to the polls to decide on the new leadership that will drive all sectors of the economy for the next four years.In spite of the health sector being a critical driver of the economy across the globe, it has not received optimum attention across different leaderships.
Achieving UHC requires strong political will at different levels of governance, including the national and sub-national level.
Ihekweazu said at the media and Civil Society Organisations (CSOs) roundtable organised by Nigeria Health Watch in collaboration with Centre for Universal Health that as
political parties begin their campaigns, it is important that CSOs and the media engage their candidates as well as citizens.For the candidates, this engagement will put into perspective, the challenges in the health sector and the required policy interventions that will
change the narrative.According to her, the media as agenda setters should work toward making politicians commit to public health financing a key part of their manifestoes.
Ihekweazusposition was buttressed by Robert Yates, Executive Director, Centre for Universal Health when he said as media, how can you change the political
discourse, you can do it, and it does happen, if the politicians and individuals emerge, they will get it.This will involve sensational reporting of people dying in the hospitals as they need to be catered for, put your heads together and identify the leaders who are willing.
Dr Grafar Alawode, the Programme Director, DGI Consult, shared and reviewed the work done by the UHC2023 Forum on Citizen-led Health Agenda.
He said that Nigeria had made some progress in terms of fighting child and infant mortality, adding that maternal health care required more health system strengthening of having health care workers and facilities in place.
Alawode, therefore, called for the incorporation of the role of other sectors in health design and implementation.
He also called for leveraging Human Capital Development as springboard for multi-sectoral and coordinated actions that include health, education, nutrition, Water Sanitation and Hygiene (WASH) and livelihood sectors.
Also, Dr Omokhudu Idogho, the Managing Director, Society for Family Health, said it is critical to take UHC to the states level because I see situations where a lot of fundamentals at the federal level are soon coming together, some of the laws are in place and how this work will be determined at the state level.
Ifeyinwa Yusuf, Director of Policy and Advocacy, Nigeria Health Watch, said there is need to do more in exploring other internal local resources to increase and pool public financing for health.
She said a human capital development approach should be employed in communication to the government for increased funds allocation and release for health.
We have to do things differently, by contextualising our interventions and communication to identify influential people/individuals who can bring a change in the health space,
engage with each other more, the media and CSOs.Meanwhile, Prof. Ben Akabueze, the Director-General, Budget Office of the Federation, says health investment service is a catalyst for economic growth.
Akabueze said this at the 8th Future of Health Conference with the theme The Political Economy of Health: Investing on the Future of Nigeria, organised by Nigeria Health Watch
was germane because it would provide the opportunity to discuss the determinants of health outcomes in various options available for sustainable healthcare financing in Nigeria.Akabueze, who was represented by Prof. Olumide Ayodele, the Technical Assistant to the director-general, Budget Office of the Federation, said the event also created an avenue to discuss measures for effective healthcare delivery across the country.
Akabueze, who gave keynote address on financing healthcare sustainably in Nigeria, said the importance of improved healthcare services for economic growth and development could not be overemphasised.
According to him, health investment service is a catalyst for economic growth through higher labour force, higher labour productivity, innovations and improved well-being of the population.
He added that it is generally said that health is wealth; a healthy population engenders economic prosperity.
It is, therefore, imperative to ensure significant investment in health, effective delivery of healthcare services and equitable access to healthcare services.
Health is high on Nigerias development agenda; inview of social economic returns of healthcare investment, a key objective of the National Development
Plan 2021- 2025 is to enable a healthy population.Akabueze, who said there was need for primary healthcare to be funded at the local government level, urged stakeholders to be involved to reduce
mortality rate and enhance workforce.He urged government, CSOs and business associates to shape and monitor health interventions to ensure the desired impact.
He also commended the consistency of the Nigeria Health Watch for organising health conferences focusing on topical issues.
Also, Prof. Mohammed Sambo, the Executive Secretary, National Health Insurance Authority (NHIA), said it was discovered that the first law establishing
Health Insurance scheme was not able to take Nigerians closer to UHC.He explained that health insurance everywhere in the world is to ensure that everyone is covered, adding that in Nigeria,
successive administrations have tried to amend the NHIS law for 23 years but not able to get that done.However, on May 19 this year, the National Health Insurance Scheme (NHIS) Act was repealed and the National Health Insurance Authority Law was enacted.
The implication of the new law is that health insurance will now be for every Nigerian and every resident in Nigeria.
The law has also made provision for the coverage of vulnerable population. Health Insurance is normally not a free healthcare as somebody has to pay.
As someone who is not employed has no means of payment because of his economic status, someone has to pay for him or her.
That is why in this new law, there is Vulnerable Group Fund provision with various innovative financing mechanism employed to ensure that
vulnerable people receive health services.He, therefore, said that funding should come from innovative financing mechanism to bring money into the healthcare delivery system as no country had been able to achieve UHC without public financing.
On her part, Dr Sarah Alade, the pecial Adviser to the President on Finance and Economy, said discussions on healthcare are ongoing because of its importance, noting, however, that when people are poor, health spending is least because they have to feed first.
At the same time, however, we cannot have sustainable development without health.
Also, Dr Obi Ikechukwu, the Commissioner for Health, Enugu State, who spoke on political leadership in health, said that health system governance must be strengthened for accountability.
Health system governance means strategic frameworks that existed and combined with effective oversight, coalition building, regulation, attention to system design and accountability.
He explained that strong governance in health systems must be guided by competent leaders with clear vision and the ability to motivate and mobilise other health system stakeholders.
He called for political leaders who would ensure a complete state of physical, social and mental wellbeing and not just the absence of disease.
Ikechukwu also said there should be a continuous state of adjustment of physical, social, mental and environmental stimulus.
He added that there should be a commitment to determination of the cost of healthcare which would drive efficient health benefits package at all levels.
Dr Hakeem Belo-Osagie, the Chairman, Metis Capital Partners in his opening presentation, said there is need to look into how the government economy is being
run as a whole and what the money is spent on.He said ensure those contesting for 2023 elections have interest in our economy. Health is a priority and it should be health and health.
Public healthcare is crucial, sanitation is crucial as good sanitation goes far in health.
During panel discussion on the Economy of Health, Dr Olumide Okunola, Senior Health Specialist, Health Population and Nutrition, World Bank, said without public health financing, achieving UHC would be difficult.
He explained that for livelihood to improve, the economy must get better as faster growth is needed to create greater opportunities.
He said if you can reduce petroleum subsidy, you can finance health, education, among others.
Okunola expressed concern on how local government spending would be accounted for, now that they have autonomy, saying will
local councils spend on health? How do you ensure more than 95 million Nigerians are able to survive?, he asked.He, therefore, said there is need to establish strong foundation for a diversified economy and investing in physical, financial, digital and innovation infrastructure.
There is need to build solid framework and enhance capacities to strengthen security and ensure good governance and enabling a vibrant, educated and healthy populace.
Prominence should be accorded to human capital development especially health, education and social protection in resource allocation.
Another panelist, Prof. Obinna Onwujekwe, Lancet Nigeria Commissioner, said public health is known for at least two decades that good health can be achieved at low cost if the right policies are
in place.We know this from comparative studies of countries at the same level of economic development that revealed striking differences in health outcomes.
According to the studies, factors that contribute to good health at low cost include a commitment to equity, effective governance systems, and context-specific programmes that address the wider social and environmental determinants of health.
An ability to innovate is also important. Above all, government needs to be committed.
Another panelist, Dr Onoriode Ezire, Senior Health Specialist, World Bank, who noted that Nigerias health sector is still largely underfunded, said investment in health is
directly related to the growth of the economy.Ezire said the indexes are still poor, adding that productivity of the country is a function of the state and status of the health of the people in the country.
According to him, investment in health contributes to achieving other developmental goals like reduction in equity and promoting shared prosperity.
Government at all levels must prioritise health as lessons from COVID-19 are still fresh in our minds. Government may use a mix of method to prioritise health funding.
Civil society and health promoters have a role to play. Advocate as may be necessary, provide the relevant evidences and data, improve the quality and timeliness of our data, Onoriode advised.(NANFeatures)
Source: NAN News
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By Taiye OlayemiThe Directors Guild of Nigeria (DGN) has advised Nollywood actors on improved film production and jettison all forms of internal conflicts capable of distracting them from submitting qualitative movies for subsequent Oscars awards.
Mr Victor Okhai, the DGN National President, gave the advice in a statement on Tuesday in Lagos.
Okhai gave the advice against the backdrop of the recent media exchanges between the Nigerian Oscar Selection Committee (NOSC) and Nollywood filmmakers.
He said this had generated concern among Nigerians over the countrys lack of representation at the 2023 Oscars.
He noted that rather than allow this to cause internal rancour, Nollywood actors should remain focused on production of qualitative films.
Nigerian filmmakers approach their craft differently because they are all driven by the desire to win the Oscars.
They do this, rather than by the need to ensure that the films they are submitting to the International Feature Film (IFF) category of the Academy Awards are technically and artistically up to par, he said.
Okhai noted that that Nigerian films were not eligible for submission at the awards ceremony due to a number of factors.
He said some of the factors included lack of funding for collaborations and technical support from foreign institutions.
He explained that meeting minimum tech specs and strict adherence to the requirements for qualification and submission instead of whipping up sentiments remained a basic challenge.
He said prior to the establishment of the Nigerian Oscar Committee in 2013, Nollywood productions frequently failed to meet the technical requirements of a cinema film due to the emphasis on home videos.
With the emergence of multiple streaming platforms, they appear to be more promising, but it remains to be seen how far and sustainable the current trend will last.
The Nigerian film industry is attempting to demonstrate that it can compete favourably with other developing film nations throughout the world.
Even if the quality of Nollywood productions improve, an Oscar nomination or win is not certain as we continue to drag ourselves out there, especially when the Oscars are coming up.
The Oscars are merely a marketing game in which anyone who can attract attention can win, the quality of films at the Oscars will not depreciate, as good films will always stand out.
National interests should take precedence over personal interests, as the Oscar is not the beginning and end of the world, Nigerian filmmakers should focus on making good films and avoid dragging ourselves before the Oscars, he said.
According to him, to be eligible for the Acad emy Awards, a film must also meet a number of additional requirements, such as being dominated by the native language of the country it represents.
Another requirement is that the film must be released during the calendar period mandated by the Oscars, having appropriate English subtitles, he said.
He added that the film must have been seen in cinemas or theatres for at least seven days in the nation it represents before being shown on streamers like Netflix, Amazon, and terrestrial television.
In 2019, the Academy of Motion Picture Arts and Sciences caused a stir by disqualifying the first Oscar entry from Nigerias massive film industry.
The submission of the film was seen as a watershed moment for the countrys film industry, a film called Lionheart, which is Genevieve Nnajis first directing debut that met every other requirement.
And it was disqualified from the International Feature category because the 95-minute film, Lionheart is largely in English, with an 11-minute section in the Igbo language.
The decision prompted widespread outrage and criticism in the Nigerian, British, and American film industries, with many blaming colonialism rather than Nigerian filmmakers.
Nigerians expectations were dashed once more when The Milkmaid, a Hausa language insurgency thriller, produced and directed by Desmond Ovbiagele, failed to make the first shortlist of the 15 foreign films chosen for the International Feature Film category in December 2020, he said.
Okhai noted that in nearly 75 years, just three African films had won the Oscars for best foreign feature.
He said in spite the enormity of Bollywoods film industry, India had never won the award for best international film as the category had been dominated by Europe.
Can we begin by winning top film festivals, where we can compete on the global stage with the best, can we focus solely on winning our own top film festivals?
The world, like our colleagues in music, accepted and applauded our stars before the Grammys, quality comes first, followed by recognition.
With the kind of production that has been coming out of the business in recent times, we are well on our way.
The Oscars will find us at the right time if we focus more on the work that we do, the recognition that we get from the work that we do is far more valuable than any validation that will come from any external source, he said. (NAN) (nannews.ng)
Edited by Folasade Adeniran
Source: NAN News
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By Lucy OgalueWorkers of Sheraton Hotel Abuja, on Tuesday embarked on a peaceful protest within the hotel premises over nonpayment of severance package.
The aggrieved workers, under the auspices of the National Union of Hotels, Personal Services Workers (NUHPSA), told the News Agency of Nigeria (NAN) that it would be unfair for the management to ask them to quit their jobs without paying them off.
Mr Leke Success, the General-Secretary of the Union said, the protest is to ensure Marriott International pay the money that we jointly agreed to be paid as severance package in view of the new owner shutting down this place today.
We just heard about a week ago that the new owner, NIPCO, who just acquired this place, decided that they will short it down and commence renovations.
We tried to persuade them from shutting down based on the short notice, but that could not fly.
So we sat down as a responsible union to negotiate severance pay for our members and the agreement stipulated that before the close of business on Oct.17, the money will be paid.
But up until now, the management is still dilly-dallying and very soon they will lower the banner and shut this place.
So we cannot risk that happening. It is because the money was not paid that we are here to protest peacefully that this money should be paid or we will not leave this place.
Agreement is agreement, if the money is not paid, we will not leave. Each day that passes we will change our demands, after today we will demand for damages because they have breached the agreement.
Our mission is to be paid our money, we have end of year bonus and hampers which members enjoy and the general manager just said they will not pay.
The action is for both Marriott and the new owner who are here to wind up this place, to come out and tell us why our members should not be paid.
The unionists also demanded that some workers termed casual staff who were excluded by the management from the payment be treated equally as other staff.
Whoever works here deserves to be paid because they are workers. No condition of employment will make them (casual workers) not to get their pay, Success said.
Meanwhile, some of the casual workers while expressing their grievances told NAN that the news came as a shock and if they dont get paid, their families would suffer.
Mrs Blessing Moses, who said she is a mother of four children said, they did not have prior notice of the new development until two days ago.
According to her, they call us casual, yet they dont want to give us our money. They chased us out since yesterday but we are still working, you can see I am still in my apron.
By casuals, does that mean we are not human beings? we have families, we have children to take care of. So they should pay us, so that as we are going, we will go with joy and look for work in another place.
We cannot go and sit for six months without doing anything, what are we going to use in taking care of our children.
Similarly, Mr Vincent Ajiji, a university graduate who also works as a casual staff at the kitchen department, reiterated the importance for casual staff to equally be paid as regular staff.
Graduates in this country that are casual staff are being used as tools, we are being maltreated here, and that is why we are asking that they pay us our money.
When it comes to work we are all staff but when it comes to payment, we are called casual staff.
I want my money, I want my entitlements, they should take good care of me before I go home. I have been here since 2021 and still referred to as casual, it is paining me, Ajiji said.
Meanwhile, a Senior Staff of Sheraton who spoke under condition of anonymity said the Corporate Affairs Unit of the hotel would soon release the respond of the management in due course.
NAN recalls that Capital Hotel Plc bought majority shares in Sheraton from the Federal Government over 30 years ago and engaged the services of Marriot International in the management of Sheraton.
Its new owners, NIPCO, which bought 51 per cent majority shares in Sheraton, had planned to shut down the hotel in order to carry out a holistic renovation and repositioning of the hotel.
As at the time of filing this report, the leaders of the union and the management of Marriot International were holding a closed door meeting. (NAN) (www.nannews.ng)
Edited by Ese E. Eniola Williams
Source: NAN News
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By Abujah RachealBudgIT, a civic-tech organisation leading the advocacy for fiscal transparency and accountability in Nigeria, said Rivers State maintained its overall fiscal performance position, ranking first, just as in 2020 and 2021.
Mr Iniobong Usen, BudgITs Research and Policy Advisory lead, said this at the presentation of the State of States report for 2022, with the theme, Sustainable Governance Reforms for a New Era, on Thursday in Abuja.
The News Agency of Nigeria (NAN) reports that the report assesses and ranks the fiscal performance of all 36 states, from the most sustainable to the least sustainable.
Usen said for the 2022 edition, all 36 states were ranked using five metrics.
Index A examines states ability to meet Operating Expenses (Recurrent Expenditure) with only their Internally Generated Revenue; Index A1 looks at the percentage year-on-year growth of each states Internally Generated Revenue.
Index B reviews states ability to cover all operating expenses and loan repayment obligations with their Total Revenue (Internally Generated Revenue Statutory Transfers Aids and Grants) without resorting to borrowing.
Index C estimates the debt sustainability of the states using four major Indicators: A. Debt as a per cent of GDP, B. Debt as a per cent of Revenue, C. Debt service as a per cent of Revenue and D. Personnel Cost as a per cent of Revenue.
Index D evaluates the degree to which each State is prioritising capital expenditure concerning their operating expenses (recurrent expenditure), he explained.
He said Rivers maintained its overall fiscal performance position, ranking first, just like it did in 2020 and 2021.
According to him, two states, Kaduna and Cross River, made it to the top five on the overall fiscal performance ranking; Yobe dropped to the bottom five having fallen 13 places from 21st in 2021 to 34th position in 2022.
Usen said on Index A, two states (Lagos and Rivers) generated enough revenues internally to take care of their operating expenses.
Comparatively, the operating expenses of Yobe and Bayelsa (the least ranked states on index A) were more than seven times the revenues generated by both states internally, reinforcing the heavy reliance on federal transfers and budget support to fund their budgets.
On index A1, save for three states, which ranked the least Anambra, Kogi and Kebbi 33 states experienced an increase in their IGR from the previous year, with 13 states growing their IGR by more than 50 per cent.
Jigawa, Delta, Ebonyi, Akwa Ibom and Nasarawa ranked first to fifth respectively on Index C, which assessed the debt sustainability of the 36 states, he explained.
Furthermore, Usen said Cross River, Ogun, Imo, Osun, and Plateau were the bottom five states on Index C.
Lagos State, with a capital importation of 31.78 billion dollars between 2019 and 2021, received 99.19 per cent of the cumulative capital importation for 36 states of the federation.
Interestingly, 11 states received no capital importation between 2019 and 2021, he said.
Speaking on debt sustainability, Usen said the cumulative debt stock of the 36 states grew by 8.68 per cent from N5.86 trillion in 2020 to N6.37 trillion in 2021.
A more disaggregated view of the subnational debt shows that 11 states reduced their total debt liability, with Delta having the most impressive decline of 33.84 per cent.
Four states Oyo, Yobe, Ogun and Sokoto grew their total debt stock by more than 40 per cent from 2020, he said.
He added that the five most indebted states: Lagos, Kaduna, Rivers, Ogun, and Cross River were responsible for 37.09 per cent of total subnational debt.
Kogi, with a foreign debt year-on-year growth of 85.65 per cent ranked first among the 17 States that grew foreign debt in 2021.
The four states with the highest dollar-denominated debt (250 million dollars and above) Lagos, Kaduna, Cross River and Edo are the most susceptible to exchange rate volatility, he explained.
He said the cumulative expenditure of the 36 states increased by 27 per cent from N5.23 trillion in 2020 to N6.64 trillion in 2021.
Notwithstanding, while 31 states increased their total expenditure from the previous year, five states reduced their expenditure with Zamfara having the highest decline of 15.59 per cent.
However, the cumulative personnel cost of the 36 states grew by 5.38 per cent from N1.46 trillion in 2020 to N1.54 trillion in 2021.
Interestingly, nine states reduced their overhead cost from the previous year, signalling a reduction in the cost of governance.
Conversely, 11 states increased their overhead cost from the previous year by more than 40 per cent with Akwa Ibom having the highest growth, he said.
He said commendably, cumulative spending on capital expenditure by the 36 states grew by 52.52 per cent from N1.77 trillion in 2020 to N2.70 trillion in 2021.
Eight states increased their capital expenditure year-on-year by more than 100 per cent.
However, just five states including Anambra, Ebonyi, Cross River, Kaduna, Rivers prioritised capital expenditure over operation expenses, signalling the prioritisation of investments in infrastructure, job creation and human capital development.
On fiscal transparency, the 36 states of the federation currently publish promptly their proposed budgets, approved budgets, budget implementation reports, and audited financial statements for both the States and the Local Governments.
In the same vein, many states have enacted an Audit Law that grants operational and financial autonomy to the Offices of Auditors-General of the State and Local Governments, thereby empowering their supreme audit institutions to effectively hold governments accountable, he said.
He stated that 35 states, excluding Taraba, had captured the biometric and BVN data of at least 70 per cent of the civil servants and pensioners on their payroll, and linked the captured data to their payroll management system.
Cumulatively, 35 states (excluding Taraba), have a total of 848,483 civil servants and 498,097 pensioners on their payroll. As a result, at least 15,397 ghost workers have been identified and eliminated in 13 states across the federation.
On the flip side, only a few states have been able to establish and operationalise a state-level functional Treasury Single Account (TSA) to ensure that it covers at least 70 per cent of all its finance, he said.
Similarly, he stated that some states were yet to ensure that all the schedules of contracts awarded for the year were published online as required under the Open Contracting Data Standards and in line with the procurement laws/guidelines. (NAN) (www.nannews.ng)
Edited by Salif Atojoko
Source: NAN News
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By Emmanuel AfonneAn integrated agro-business company, First Aquagrico Farms Nigeria Ltd., is perfecting arrangements to establish Africas largest farmers market in the country.
The company said this in statement on Thursday in Abuja.
The statement quoted the companys Managing Director, Mr Kolapo Talabi, as saying that the market when established would among other things solve the problem of transportation techniques in agric business.
Talabi said the firm had approached the Bank of Agriculture for support to boost the establishment of the market which would also be a solution to the problem of modern preservation aimed at eliminating post-harvest losses.
The primary objective of setting in motion Africas largest farmers market in Nigeria is to create an all-in-one agricultural market-hub which encompasses gathering, re-distributing, storing, processing and exporting of agro-products.
The concept is to enhance the promotion of large scale commercial agriculture in Africa through a process that maximises profit while sustainably satisfying the needs of consumers.
In addition, the concept will assuredly make a great impact in the countrys agricultural sector by boosting food supply, creating jobs, raising incomes, reducing malnutrition and contributing to the progress of the continents agro-economy.
First Aquagrico Farms which focuses on galvanising agriculture for national economic development through the creation of markets for farmers both locally and internationally, believes in large scale agriculture produce merchandise, Talabi said.
According to him, study and survey show that one of the major causes leading to the decrease in growth of the agricultural sector is poor merchandise of the agricultural produce.
He regretted that agricultural sector performed badly especially in the second quarter of 2022 with a growth of 1.20 per cent as against 3.16 per cent in the previous quarter.
Talabi noted that flood had of late ravaged parts of the country such as Kogi, Niger, Anambra, Benue, Sokoto, Adamawa, Delta, amongst places known for large production of agriculture produce with hectares of farmlands washed away.
It is reckoned that the situation will worsen with the hazardous climatic changes and flooding which have major impact on the distribution and marketability of agricultural produce.
He was optimistic that the farmers market would help the country achieve industrialisation and restore the agricultural value chain in the nearest future as major bridges were cut off by flood, submerging trucks and trailers carrying food stuffs. (NAN)(www.nannews.ng)
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Edited by Chinyere Joel-NwokeomaSource: NAN News
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By Florence OnuegbuThe Lagos State Government has urged traditional rulers to use their influence and closeness to the people in their communities to curb sexual, gender and domestic violence.
Mrs Titilola Viviour-Adeniyi, the Executive Secretary, Lagos State Domestic and Sexual Violence Agency (DSVA) gave the advice on Thursday, in Lagos.
She spoke during a One-Day Roundtable With Traditional Rulers On The Prevalence Of Sexual And Gender-Based Violence (SGBV).
Viviour-Adeniyi urged the traditional rulers to use the proactive measures and practices adopted by the state government to ensure that SGBV, if not completely eradicated, was brought to the barest minimum in the state.
She said that the engagement was deliberate due to the prevalence of SGBV in the society, which required a timely intervention.
In the context of preventing and ending Sexual and Gender-Based Violence, traditional rulers are one of the strategic groups that must be considered, because our Royal Majesties, the custodians of our culture, have access to different segments of the population, including those who are marginalised and harder to reach.
In many regions of the world, traditional rulers, by virtue of their long-standing presence and service in diverse communities, have come to command the trust and respect of local population.
We understand that in certain instances, traditional rulers sometimes serve as the first port of call immediately after a case of domestic or sexual violence occurs.
Certain times, such cases end up being resolved at the palaces, without adhering to the state governments referral pathway, she said.
According to her, this non adherence to government referral pathway, therefore, promotes the culture of impunity as perpetrators are not held legally accountable for their actions, even as survivors are not able to access holistic support.
It is, therefore, of utmost importance that traditional rulers are promptly and regularly engaged on these issues, their role in preventing and responding to incidents reported and most importantly, the need to have interface with government, she said.
Vivour-Adeniyi said that in the past one year, the agency recorded a total of 4,860 cases via the Virtual Referral and Response Service (VRRS), and physical report.
She said that those cases include domestic violence, rape, lack of parental care, threat to life, sexual assault by penetration, emotional abuse, child neglect/abandonment, among others.
The executive secretary said that breakdown of cases showed that there were 2,710 adult and 2,150 children, showing that within emergency settings, SGBV on women and young girls was critically heightened.
In her presentation, Mrs Omolola Rotimi, the Administrator-General, Public Trustee, Lagos State Ministry of Justice, said that in order to protect people from people, on the issue of SGBV, the law had to be in place.
Rotimi said that people must learn to speak out against SGBV, as it would help to reduce the occurrence of the cases.
Mr Emmanuel Oladele, President, Institute of Marriage Administrators and Counsellors of Nigeria, said that all hands must be on deck, both the rulers and the ruled, at mitigating the incessant occurrence of SGBV in the communities.
Oladele called on traditional rulers not to hesitate to apply the full weight of the customs and traditions against the perpetrators of SGBV, as long as such was not repugnant to natural justice, equity and good conscience.
Oba Asumo Abdul-Ganiyu Aderibigbe, paramount ruler of Odo-Ayandelu Kingdom, Ikosi-Ejinrin, Epe, commended the state government for its efforts at curving SGBV.
Aderibigbe urged the police to always respond appropriately, whenever issues of SGBV were reported.
We are glad to have this kind of training today, it imparts more knowledge on us, so that we can go back to our various communities and educate the people the more.
There are some cases we can treat in the palace and there are some that are criminal. We dont have to harbour or indulge people that involve in violence or criminal activities. We have to expose them, he said. (NAN)(www.nannews.ng)
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Edited by Oluwole SogunleSource: NAN News