Gaps
Sustaining economic empowerment through financial inclusion, energy access
Financial inclusion and provision of sustainable energy is at a turning point in Africa’s largest economy, Nigeria. With a population of over 200 million, about 50 per cent of the total population live in rural areas, and only 39 per cent of those living in rural communities have access to electricity. This is in addition to over 40 per cent of the entire population who are financially excluded or underserved. However, the proliferation of digital financial services in Nigeria – powered largely by growth in fin-tech companies – has catalysed an unparalleled increase in the current number of people with access to formal financial services, while further opening up opportunities to address power supply challenges across rural communities; a major feat instrumental towards achieving the broad...
Washington denies Iran state media report saying prisoner swap agreed
The United States on Sunday denied a report by Iran’s state television that the arch-foes had reached a prisoner swap deal in exchange for the release of $7 billion frozen Iranian oil funds under U.S. sanctions in other countries. Iranian state television said on Sunday that Tehran would free four Americans accused of spying in exchange for four Iranians held in the United States and the release of $7 billion in frozen Iranian funds. The U.S. government denied that an exchange was in the works. The state TV, quoting an unnamed Iranian official, also said British-Iranian national Nazanin Zaghari-Ratcliffe would be released once Britain had paid off a debt on military equipment owed to Tehran. A British Foreign Office official played down that report. Iran and world powers are holding talks ...
Port Harcourt DisCo insists NMMP meters not for sale
File Photo The Port Harcourt Electricity Distribution Company (PHED) says it is not selling to customers, meters provided free to electricity users by the Federal Government. PHED’s Acting Manager of Corporate Communications, Mrs Chioma Aninwe, disclosed this in a statement in Port Harcourt on Monday. The Federal Government had in October 2020 introduced the National Mass Metering Programme (NMMP), to eliminate arbitrary estimated bills that were given to unmetered customers by Distribution Companies (Discos). Through the scheme, the Central Bank of Nigeria (CBN) provided financing support to the Discos for the procurement of meters for customers from local meter manufacturers. Aninwe disclosed in the statement that “Our attention has been drawn to a publication alleging that PHED is direc...
Southwest APC governors call for the re-evaluation of party’s constitution
Ogun State Governor, Prince Dapo Abiodun, has stressed the need for the continuous re-evaluation of the Constitution of the All Progressives Congress (APC) to reflect its democratic tendencies, where members practice and ensure internal democracy. Governor Abiodun, who stated this at the APC Constitution Review (South West Stakeholders Meeting) held at the June 12 Cultural Centre, Abeokuta, noted that it was time to tinker with the Constitution to make the party more potent and acceptable to the people. He said, “It is important that we come together to appraise ourselves as members of this great party, and, even look critically at the structure of our party. This will give us the opportunity to evaluate the journey so far. It is a period of self-examination”. “In doing this, the Constitut...
CDD: Monitoring and evaluation vital in tracking fight against corruption
The Centre for Democracy and Development (CDD) says monitoring and evaluation is vital in tracking the fight against corruption in Nigeria. Speaking at a three-day monitoring and evaluation capacity-building workshop for Anti-Corruption Agencies (ACAs) on Monday in Calabar, Idayat Hassan, CDD director, said monitoring and evaluation (M&E) is a process that helps track the progress in the fight against corruption in the country. The workshop was organised by the Centre for Democracy and Development (CDD) in partnership with the Technical Unit on Governance and Anti-corruption Reform (TUGAR). It also had support from the MacArthur Foundation. Represented by Emmanuel Akomaye, the centre’s project consultant on anti-corruption, Hassan said the CDD believes that it is important to bring all...
Okomu Oil Palm wants central bank to review anchor borrowers programme
Okomu Oil Palm Company Plc. wants a review of CBN’s Anchor Borrowers Programme (ABP) to accommodate more farmers and to shore up the nation’s foreign earnings from agriculture. The ABP is targeted at smallholder farmers engaged in the production of rice, maize, wheat and cash crops like oil palm, cocoa and rubber, among others. Speaking with newsmen on Monday in Benin, Okomu Oil’s Managing Director, Dr Graham Hefer, noted that cash crop farmers were yet to fully benefit from the programme. He said food crop farmers had an edge because they could cultivate, harvest, sell and repay their loans within the specified one year period. “It is easy for farmers engaged in annual crops to meet their targets. “This doesn’t happen with cash crops because in the first three years of oil palm production...
Ex-VP Namadi Sambo advocates shift in Nigerian educational system
Reuters Former Vice President Namadi Sambo has advocated for a dynamic approach of the Nigerian educational system to produce employees with skills and ability to handle complex jobs and create opportunities for others. Sambo made the call in his goodwill message at the 22nd Matriculation of Igbinedion University, Okada, on Saturday in Edo. The former vice president noted that it was the best time for the country to refocus from one size-fits-all approach that creates employees that are not fit for complex jobs. According to him, Nigerian universities must refocus on building of graduates that will create and end poverty among the people and ultimately close the wide social inequality and promote social coefficient in the communities. “As a nation, we must focus our educational system to o...
How ICPC is combating corruption in MDAs, stopped diversion of N189 billion personnel cost
File Photo In the past few years, the Independent Corrupt Practices and Other-Related Offences Commission, as part of its statutory mandate, has been conducting systems study and review of ministries and organisations in the federal public service. The overall objective of a system review is reform of the systems and procedures of public agencies with a view to identifying and eliminating, preventing, blocking and obstructing opportunities for corruption. To achieve this, the exercise targets detecting areas of vulnerabilities, actual weaknesses, leakages and corruption risks and to recommend ways of strengthening these systems and removing the discretionary gaps and such opportunities for both individual and institutional malfeasance on public resources. In addition, the review also targe...
How ICPC is combating corruption in MDAs, stopped diversion of N189 billion personnel cost
File Photo In the past few years, the Independent Corrupt Practices and Other-Related Offences Commission, as part of its statutory mandate, has been conducting systems study and review of ministries and organisations in the federal public service. The overall objective of a system review is reform of the systems and procedures of public agencies with a view to identifying and eliminating, preventing, blocking and obstructing opportunities for corruption. To achieve this, the exercise targets detecting areas of vulnerabilities, actual weaknesses, leakages and corruption risks and to recommend ways of strengthening these systems and removing the discretionary gaps and such opportunities for both individual and institutional malfeasance on public resources. In addition, the review also targe...
Nigeria loses 250,000 babies to preventable, treatable causes annually – experts
Despite the global efforts to end preventable newborn deaths by 2030, through the Sustainable Development Goal 3.2, experts have raised the alarm that Nigeria loses over 250,000 babies yearly due to preventable and treatable causes, even as the country ranks second highest globally in infant deaths. According to a Professor of Paediatrics at the College of Medicine University of Lagos, and Clinical Lead, Newborn Essential Solution and Technologies, NEST360, Professor Chinyere Ezeaka, with current slow progress, it may take Nigerian 100 years to meet the goal. Ezeaka identified causes of newborn deaths in Nigeria to include prematurity, infections, birth asphyxia, congenital abnormalities among others, she said these would be reduced with the wide-scale adoption of comprehensive newborn car...
Lagos anti-one way squad impounds 42 vehicles
Three police officers and a naval rating are part of the offenders whose vehicles were impounded on Friday in an enforcement carried out by the Anti-One way and Other Traffic Offences Squad of the Lagos State Government. The traffic offenders met their Waterloo during the Squad’s operations along Apapa-Oshodi Expressway and Mile 2 area of the State. No fewer than 42 vehicles, including two articulated trucks and commercial tricycles, driving against the traffic were arrested by the Squad led by the Commander of policemen in Governor’s Monitoring Team (GMT), Shola Jejeloye, a Superintendent of Police (SP). The Friday enforcement was jointly carried out by the Squad and men of the Lagos State Traffic Management Authority (LASTMA). The Squad was specially created, last Monday, by the Commissi...
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U.S. warns Pacific islands about Chinese bid for undersea cable project
The United States has warned Pacific island nations about security threats posed by a Chinese company’s cut-price bid to build an undersea internet cable, two sources told Reuters, part of an international development project in the region. Huawei Marine, which was recently divested from Huawei Technologies Co Ltd and is now majority-owned by another Chinese firm, submitted bids along with French-headquartered Alcatel Submarine Networks (ASN), part of Finland’s Nokia, and Japan’s NEC, for the $72.6 million project backed by the World Bank and Asian Development Bank (ADB), the sources with direct knowledge of the project details said. The project is designed to improve communications to the island nations of Nauru, Federated States of Micronesia (FSM) and Kiribati. Washington sent a diploma...