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Nigeria leads as African startups raised $217m in February

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After experiencing a sluggish January, African startups witnessed a significant surge in funding in February 2024 with Nigeria topping the fundraisers.

According to The Big Deal’s report, the total startup funding in February reached nearly $217m, marking almost a threefold increase compared to the previous month’s $77m.

The report noted that despite the rebound, funding levels still fell short of figures observed in the same period over the past four years.

In February, 38 startups raised at least $100k last month in equity, debt, or grants, the same number as in January.

However, the total amount they announced was nearly three times higher, at $217m ($156m in equity and $59m in debt).

The report showed that Nigerian fintech, transport company Moove, emerged as the largest contributor, accounting for 51 per cent of the total funding.

Initially announcing a $10m debt for its expansion in India, Moove later became the focus of reports, revealing ongoing talks with Uber for a potential investment of up to $100m.

If successful, the investment could elevate Moove’s valuation from $650m to $750m, the report stated.

It noted, “As you may remember, January was a pretty quiet month with only $77m worth of deals announced on the continent.

“The good news is that things have picked up in February, 38 startups raised at least $100k last month (in equity, debt, or grants), the same number as in January.

“The largest contributor by far (51 per cent of the total) was Nigerian transport tech Moove, which first announced $10m of debt for its India expansion before rumours of an upcoming new round surfaced last week.

“We have been able to confirm directly with one of the investors that the $100m Series B is indeed happening. There were also three announced exits last month: Carbon bought Vella Finance, Auto24 acquired Kupatana, and FairMoney might buy Umba. All in all, funding levels in February 2024 were quite comparable to those in 2020 and 2021.”

With an outlook for startup funding for 2024 YTD, the report revealed that startups on the continent had raised just short of $300m.

It added that 80 startups had raised at least $100k, 38 of which had raised at least $1m.

The continent’s Big Four (Nigeria, Kenya, Egypt, And South Africa) had claimed 86 per cent of all the funding, according to the Big Deal’s report.

Nigeria had 42 per cent with Moove alone raking in $233m; Kenya 27 per cent, raising $81m, Egypt 10 per cent getting $28m, and South Africa seven per cent with $22m.

AI can enhance oil manufacturing, says Huawei

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Huawei has said cutting-edge technology and Artificial Intelligence can help Nigeria and other oil and gas-producing countries to increase oil production, efficiently manage energy transition and rapidly recover from the economic impact of the COVID-19 pandemic.

The Chief Technical Officer of Huawei for South Africa, Matamela Mashau, said this at a roundtable on the sidelines of the recently concluded MWC Technology summit in Barcelona, Spain.

The side event, themed “MWC Media Roundtable Briefing (Oil & Gas)” was organised by Huawei, a leading global technology and equipment provider, to showcase its oil & gas solutions to industry stakeholders.

The event had in attendance other speakers, which included Yumna Audu, Head of Business and Information Technology from Nigeria’s NLNG and Sana Lallali from Sonatrach, among others.

Huawei CTO, Mashau, in his presentation, said digital and intelligent technologies were becoming the forces that drove the transformation of the oil and gas sector.

He told stakeholders that the use of distributed fibre sensing and AI technologies was ideal for buried pipelines that are impossible for manual or drone inspection.

According to reports, COVID-19 had a significant impact on the extractive industry. In 2020, the epidemic had a significant effect on the world economy during its wave, which led to a historic decline in oil demand and, as a result, a sharp decline in oil prices to just above $20, the lowest levels in decades.

Since then, oil prices have skyrocketed, rising from about $76 per barrel at the beginning of January to $130 per barrel as of 2022, largely owing to the Russian invasion of Ukraine.

Three years after COVID-19, the global oil market is now recovering to pre-pandemic levels, with a nearly 25 per cent decrease in petroleum consumption globally, according to Deloitte.

This has spurred high economic diversification in the non-oil sector, with the NBS stating that the oil and gas sector accounted for 0.04 per cent of fresh foreign investments into the Nigerian economy in 2022, compared to the banking and production sectors, which contributed 52 per cent.

In Nigeria, where the oil industry generates 90 per cent of foreign exchange earnings and half of the country’s national revenue, GDP growth for the oil sector has been steadily declining. This is partly due to inadequate infrastructure for oil and gas, which further hinders the industry’s efficiency.

Crude oil production and exploration have been impacted by the lack of infrastructure. However, the midstream and downstream petroleum sectors are where the issue is most noticeable.

At the MWC media roundtable, the summit disclosed that Sonatrach and Huawei collaborated to build a joint innovation centre that produced the smart oil and gas pipeline inspection solution, which it said aims at further strengthening oil exploration in Nigeria.

This solution, according to Mashau and Sana Lallali, Manager Sonatrach Joint Innovation Centre, uses cutting-edge technologies to minimise operations and maintenance costs, proactively alert pipeline deterioration, and promptly find fibre cuts.

“During E&P, we need to process a massive amount of seismic data. Generally, the original data of a single unit is dozens of terabytes (TB), sometimes reaching the petabyte (PB) level. Moreover, there are dozens of steps to data processing. Cloud technology enables us to quickly deploy seismic data processing, interpretation, and E&P software, which boosts E&P and operational efficiency.

“Take the most time-consuming prestack depth migration processing as an example. The processing time can be shortened from 19 days to 55 hours, boosting efficiency by 830 per cent” Mashau, who is the CTO of Huawei South Africa region said.

On her part, Audu who is NLNG’s Head of Business and IT Services, said the gas company of Nigeria should be equipped with future-oriented and forward-looking IT systems.

To achieve this, she revealed that NLNG partnered with Huawei and deployed its high-quality Wi-Fi 7 APs on the nation’s campuses.

Audu said, “With upgraded wireless experience, application experience, and O&M experience, we strongly believe that we are capable of building campus network benchmarks in the global oil and gas industry.

“In our office, the speed of Huawei’s Wi-Fi 7 APs reached 3.16 Gbps in actual tests. This impressed us.

“In our golf club, we planned to deploy two APs, while only one Huawei Wi-Fi 7 AP is enough to achieve full signal coverage and high-speed access. Besides, these APs are highly compatible with our devices on the live network. Therefore, we are satisfied with the test results.

Lallali, who is the manager of Sonatrach Joint Innovation Centre, a national state-owned oil company in Algeria, announced that its country has about 43 oil and gas pipelines, accompanied by 14,000 km of optical cables.

The official also noted that while traditional manual inspection is costly and inefficient, it can be difficult to obtain the pipeline running status anytime in real-time.

Lallali said, “We innovated the fibre sensing inspection solution together with Huawei. This solution is based on Huawei’s pipeline fibre warning solution and live-network service management process.

“When external construction occurs around a pipeline, the optical fibre deployed along the pipeline collects vibration information and transmits the information to the optical sensing device deployed in a station or BVS equipment room, thereby achieving precise positioning.

Agency to unveil tech hub in Enugu

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A telecom firm, S Mobile Group, has disclosed plans to unveil an innovation centre in Enugu State, codenamed S Mobile Tech Hub.

The founder and Chairman of S Mobile Group, Kingsley Adonu, disclosed this in a statement obtained by The According.

The tech hub, he explained, was a corporate social responsibility initiative of S Mobile Group to promote skills development, youth entrepreneurship, and job creation in new technology and innovations in the state.

Adonu disclosed that S Mobile Tech Hub was a vision to manifest the group’s deliberate programmes towards building a dynamic and vibrant startup ecosystem in the Southeast region, starting with Enugu State.

The S Mobile Group CEO said that the hub was in recognition of the ingenuity of the Enugu State Governor, Peter Mbah, who had shown the capacity to redefine the economy of the state, “and the creativity of young people in the state, coupled with the need to channel these to more productive and impactful ends, rather than social vices like Internet fraud”.

“Again, it is a demonstration of our support for the visionary leadership of the Executive Governor of Enugu State, Dr Peter Mbah, who has not minced words about his intent to build a resilient city where poverty is reduced to the barest minimum.

“We are keying into that vision, and it is driven by the realisation that tech startups are becoming major economic value creators in the 21st century,” he remarked.

He said that S Mobile Tech Hub would leverage trends to accelerate its programme, especially as artificial intelligence, robotics, big data, etc., become embedded in the daily lives of Nigerians.

“S Mobile Tech Hub is also motivated by the desire to support quality projects with high developmental impact, such as job creation and poverty alleviation, to enhance the socio-economic standard of, especially young Nigerians,” Adonu declared.

He noted that when completed, the hub would have facilities, including high-speed internet access, shared and private office spaces, and a well-equipped robotics training lab, among others.

FG plans analysis, growth fund –Minister

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The Federal Government plans to create an innovation fund for research and development.

The Minister of Science and Technology, Uche Nnaji, revealed during an official visit to the Technology Incubation Centre in Agege, Lagos, recently.

He clarified that the R&D Fund aimed to support experts and individuals excelling in technology to advance their research, a crucial element for development.

Meanwhile, the minister reaffirmed the government’s commitment to advancing innovation and entrepreneurship in the country’s startup ecosystem.

The minister said, “I just visited the Federal Institute of Industrial Research in Oshodi, Lagos and now the Technology Incubation Centre in Agege. I am observing a significant incubation of industrialists in this space.

“They have trained over 1,000 individuals—bringing them in, providing training, incubating them, and then facilitating their transition to their respective businesses. This process has resulted in the emergence of numerous millionaires,” he said.

The minister’s visit included an inspection of the facilities at the hub, following an earlier visit to the Federal Institute of Industrial Research in Oshodi, Lagos.

Nnaji emphasised the pivotal role of the Ministry of Science and Technology in Nigeria’s economic development.

“With a President from the private sector, there is a serious commitment to generating power, even leveraging solar energy. Just last week, during a visit to the Abuja Technology Village with the FCT minister, we discussed transforming it into a global technology city, comparable to Silicon Valley,” he added.

The minister disclosed that under President Bola Tinubu’s renewed Hope Agenda, there is an acknowledgement that more needs to be accomplished. He stated that all ministers are driven by the directive, emphasising the need for heightened efforts across agencies.

The Director-General of the National Board for Technology Incubation, Patricia Chukwu, said the Technology Incubation Centre in Lagos stood as a testament to the commitment to nurturing and empowering bright minds in society.

She remarked that it served as a hub where ideas flourish, dreams take shape, and innovations come to life.

According to Chukwu, technology plays a pivotal role in addressing pressing issues such as climate change and health concerns, and enhancing digital connectivity.

“It is undeniable that in the swiftly changing landscape of today’s world, progress heavily relies on technological advancements.

“Whether in artificial intelligence, renewable energy, biotechnology, or blockchain, the potential is boundless. Yet, to actualise these opportunities fully, we must adopt a culture that champions innovation, collaboration, and entrepreneurship,” the NBTI DG stated.

Lagos MWAN urges assist for girls’s inventive abilities

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In celebration of International Women’s Day, the Lagos State branch of the Medical Women’s Association of Nigeria has called for deliberate steps to promote women and girls’ creative and artistic talents.

The association also called for actions to forge women’s economic empowerment, support women and girls in leadership, decision-making, and business processes, help women and girls make informed choices about their health, and provide women and girls with access to quality education and training, among other things.

The IWD, commemorated every March 8, is a day to celebrate women who are committed to advancing women’s equality globally.

This year, 2024, the United Nations campaign theme for the IWD is: Inspire Inclusion with the slogan: Invest in women; accelerate progress.

In a statement made available by the President of MWAN, Lagos State, Dr Funmi Ige said, “When we inspire others to understand and value women’s inclusion and inclusivity, we forge a better world. When we as women inspire to be included, it imbues us with a sense of belonging, relevance, and empowerment.”

She said further that including and partnering with women means openly embracing their diversity, such as race, age, ability, faith, and so on.

The MWAN President stressed the importance of understanding the values and seeking out the inclusion of women and girls in all fields of endeavour worldwide.

She said, “Organisations and groups such as ours – the Medical Women’s Association of Nigeria, Lagos State Branch – have a lot of roles to play in inspiring inclusion, be it at home, at work, or in the community.

“We must strive to ensure that the needs, interests, and aspirations of women and girls are valued and incorporated into the scheme of things at all levels. We must, at all times, take action when and where women are not equitably treated; we must call out poor practice when they are discriminated against.

“Imperatively, we must be deliberate about forging women’s economic empowerment, supporting women and girls in leadership, decision-making, and business processes, helping women and girls make informed choices about their health, providing women and girls with access to quality education and training, promoting women’s creative and artistic talents, and addressing areas further supporting the advancement of women and girls.”

She joined the United Nations’ call for action for a more inclusive world for women.

“Let’s all resolve to collectively do all we can to support and advance the causes of women,” she added.

Meanwhile, the Association of Women Living with HIV/AIDS in Nigeria has called on the federal and state governments to include them in palliative distribution, social investment fund, conditional cash transfer, among others.

The National Coordinator ASWHAN, Esther Hindi, made the call on Friday at the occasion commemorating International Women Day in Asaba, the Delta State capital.

Hindi said this year’s theme, ‘Invest in women: Accelerate Progress’ was to empower women with life building skills to reduce their vulnerabilities.

She said, “The International Women’s Day 2024 campaign theme ‘Invest in women: Accelerate progress” is a call to Action for investment in women in all sense of belonging.

“It is also a call to accelerate and

value investment in women and girls living with HIV in all diversities to enjoy their rights and live a descent livelihood.

“Therefore, we call on government both national and states to include women living with HIV in social investment fund, conditional cash transfers, include WLWH in palliative distribution and create employment opportunities for WLWH.

“Our women have been working at the facilities as volunteer Mentor Mothers for over 15 years. Let the Ministry of Health help us employ our women”

Tackle hardship to discourage crime, group urges FG

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A Niger Delta group, Foundation for Partnership Initiatives in the Niger Delta, has called on the Federal Government to tackle the prevailing hardship in the country to prevent citizens from resorting to crime as a means of survival.

There had been protests by some Nigerians over the harsh impact of the economy in Kano, Niger, Osun, and Oyo states, among others.

Some warehouses and trucks conveying foodstuffs were also attacked by some residents who carted away food items.

But speaking during the inauguration of the board of partners for peace in the Niger Delta, an initiative of PIND in Abuja, the group’s Executive Director, Tunji Idowu, stated that the situation was worrying, and called on the government to urgently address the hardship.

Idowu, who was inaugurated as the chairman of the board, said, “The current hardship being experienced across Nigeria is worrying.  The FG must find a lasting solution to it urgently.

“People will ordinarily resort to crimes if they cannot find ways to improve their livelihoods or sustain what they already have. The FG should collaborate with development partners to address the issue.

“The government and development partners should stretch available resources and get rid of redundancy as well as duplication to make life easier and meaningful for citizens.”

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No extra depart of absence for migrating well being employees – FG

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The Minister of State for Health, Dr Tunji Alausa, on Saturday that the Federal Government had directed that health workers who plan to relocate abroad for greener pastures must henceforth resign their appointment beforehand.

Alausa added that the era of health workers exiting to other countries of the world in search of better offers after applying for their leave of absence is no longer acceptable.

The Minister stated this on Saturday during his visit to The Neuro-Psychiatric Hospital in Aro, Abeokuta.

Alausa said, “The government is not unmindful of the Japa effect on our manpower in the health sector and the President has ordered for massive production of manpower such that when people go, there will always be replacement.

“However, you cannot eat your cake and have it. If you are going, just resign your appointments with the Federal Government, rather than applying for leave of absence, that is the presidential executive order which has been communicated to all the Chief Medical Directors of Federal Government-owned health facilities to implement.

“The problem with the leave of absence is that such a fellow is out there in the UK or Australia working, making money but his name still appears on the payment roll of the government and so to replace him is difficult because he is still being considered as a staff whereas he has left the country.

“So, to solve this problem, the President has directed that any health workers going abroad to work should just resign their appointment and not apply for leave of absence. This way, you won’t be blocking others who want to work and of course piling burdens for your colleagues that you left behind.”

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Presidency says NASS added N1.27tn to 2024 funds

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The Senate has stated that there was no padding in the N28.77 trillion passed by both the joint chambers of the National Assembly.

The Senate made this known through its spokesperson, Senator Yemi Adaramodu, on Saturday evening while reacting to the issue of budget padding raised by the Senator representing Bauchi Central Senatorial District (from the Peoples Democratic Party), Abdul Ningi.

However, the Presidency, in a statement issued on Saturday, clarified that the National Assembly added N1.27tn to the 2024 budget, but it does “not see where the N3tn is coming from.”

Adaramodu, in a chat with our correspondent, noted that the budget was a public document and was in the public space for Nigerians to peruse.

The BBC Hausa service on Saturday had, in a report, quoted Senator Ningi, the Chairman of the Northern Senators Forum, as alleging that the Federal Government was operating an N28tn budget, contrary to the N25tn passed by the National Assembly.

Senator Ningi had said in the report, “Apart from what the National Assembly did on the floor, there was another budget that was done underground which we didn’t know.

“The new things we have discovered in the budget were not known to us. We haven’t seen them in the budget that was debated and considered on the floor of the National Assembly.

“For example, it was said that there was a budget of N28tn but what was passed was N25 trillion. So there is N3tn on top. Where are they, where is it going? So, we need to know this. There are a lot of things.

“For the first time in Nigerian history, today we are operating two different budgets. One budget was approved by the National Assembly and signed by President Bola Tinubu and the other was implemented by the Presidency.

“The one approved by us is N25tn while the one operated by the Federal Government is N28tn. Apparently, we discovered N3tn was inserted into the budgets without locations. This is the highest budget padding that happened in Nigerian history under Sen. Akpabio’s watch.

“We resolved as people’s representative to see President Tinubu on this issue, with facts and figures, to ask him if he is aware of this embarrassment or not, then from there we will take action. Let Nigerians be patient with us.”

Responding to this, the Senate Spokesperson said, “There is no budget padding as far as the Senate and the National Assembly are concerned.

“The national budget is a public document, which expressly states the expected revenue and the expenditure of the Federal Republic of Nigeria.

“The Senate under the leadership of Senator Godswill Akpabio is not aware of any varied execution of the 2024 appropriation mandate, as approved.”

Senator Adaramodu added, “The budget presentation and approval processes were made in the public glare, while the Presidential assent was also in a public ceremony.

“Any infractions would have been brought before the Senate, if any.  The general public should be at rest that there is no budget padding anywhere and we are confident that the 2024 appropriation law shall be strictly executed, under strict legislative oversight.”

Meanwhile, the Presidency has weighed in on allegations of budget padding levelled against it by Ningi.

Speaking to our correspondent on Saturday, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, said, “The National Assembly added N1.27tn to the 2024 budget. So, we do not see where the N3tn is coming from.

“What we know is that the NASS approved a budget of N28tn which the President signed. What the President signed was the budget approved by the National Assembly, by the two houses.

“The 2023 supplementary budget was passed separately to run concurrently with this year’s budget until March.”

Ningi had also said the Forum would confront Akpabio with its findings on the budget.

“We want to show him what we have seen in the budget that is not acceptable, we will not accept them, and we don’t want the country to continue spending money on those things,” he added.

Meanwhile, the Head Press and Public Relations Unit of the Ministry of Finance, Chukwu Helen, said she was not in a position to confirm whether the budget was padded with the said amount.

She promised to revert upon confirmation from the budget officer of the ministry. However, she has yet to revert as of the time of filing this report.

The According had reported that President Bola Tinubu on Wednesday, November 29, 2023, presented a total of N27.5tn budget which he tagged “Renewed Hope budget” to a joint section of the National Assembly.

Osun, APC disagree over alternative of monarchs

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The main opposition political party in Osun State, the All Progressives Congress, and the state government are on a collision course over the emergence of new monarchs for Iree and Igbajo communities.

The APC in a statement by its chairman, Tajudeen Lawal, on Saturday, accused the State Governor, Ademola Adeleke of promoting crisis in Igbajo and Iree by tinkering with the choice of the legally installed monarchs of the two towns.

Earlier, a white paper released after a probe by the Ademola Adeleke administration, on the circumstances surrounding the installation of monarchs appointed by the immediate past governor of the state, Adegboyega Oyetola, had declared vacant the stool of both the Aree of Iree and Owa of Igbajo and called for commencement of fresh selection process.

The party noted that when the Adeleke  administration met a stumbling block in rallying the support of the kingmakers of Igbajo to do the re-selection of another Owa of Igbajo, it resorted to the recruitment of five non-indigenes of the town on Friday who were instantly appointed warrant chiefs.

It further alleged that those appointed posed as kingmakers at the Multi-purpose Conference Hall of the Local Government Service Commission, State Secretariat, Abere, Osun State, to elect a new Owa of Igbajo.

The party noted that at the end of the re-selection exercise, Prince (Dr) Ademola Makinde, who is alleged to be a crony of the Adelekes, was  selected as the new Owa of Igbajo.

“One fact remains that Oba Phillips Adegboyega Famodun remains the Owa of Igbajoland as he was duly selected by the people through their kingmakers and ratified by the state government, legally installed and given a staff of office after he had completed the necessary traditional rites while the traditional stakeholders in the ancient town had stated that it is a taboo for them to perform another series of traditional rites for another person when the substantive monarch is very much alive.

“We are appealing to the peace-loving people of Igbajo not to take the laws into their hands but to continue to put their hope and expectations in the hands of God and the supremacy of the rule of law which has been the pillar of strength of every reasonable and responsible community,” the APC chairman statement read.

On the controversies surrounding the Aree of Iree stool, the APC said, “The whole world must caution him not to precipitate crises in Igbajo and Iree.”

However, reacting to the allegations against the Governor, the Osun State Commissioner for Information and Public Enlightenment, Kolapo Alimi, declared that the appointments made by the Adeleke administration were in line with tradition and chieftaincy laws.

On the stool of Aree of Iree, Alimi said, the government discovered that the immediate past administration deliberately bypassed the town’s kingmakers and made use of warrant chiefs to select and approve the Aree.

The state government’s statement read in parts: “The White Paper stated that a fresh selection process would take place in Igbajo to enable all eligible princes from the Owa Oke Odo Ruling House participate in a free and fair selection in the interest of fair play, equity and in line with the custom and tradition of Igbajo.

“Consequently, a fresh selection process began, and all interested princes from the eligible ruling house participated in the selection process. When it became expedient for the Igbajo Kingmakers to hold their selection meeting to appoint an Owa-elect, five surviving Kingmakers out of the six recognised by the Owa of Igbajo Chieftaincy Declaration deliberately refused to do so.

“After refusing to attend several meetings to which they were invited by the Local Council, Government had no other option than to invoke the provisions of Section 17 of the Chiefs Law of Osun State which permitted the revocation of the performance of any delegated function by any one and the appointment of other persons to perform such a delegated function.

“Thus, warrant kingmakers appointed according to law performed their duty and selected an Owa of Igbajo elect whose appointment is to be ratified by the State Executive Council. We therefore affirmed that as a government, we acted within the law and tradition as well as in the best interest of the people of the affected towns,” the statement concluded.

When the youngsters are ravenous

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Some people say it is too early to criticise the presidency of Bola Tinubu as he has been in power for less than one year.

Apparently seeking to boost the image of the man last week, spokesman Ajuri Ngelale advertised the president’s habits, describing him as a workaholic who stays up working until 2 or 3 nightly.

“He wakes up at 7am-8am every morning, including Sundays. Opening his files, working into the late nights when no one is there to say anything good or bad about him.”

“He is doing the work,” Ngelale gushed.  “He is a workaholic, and he is doing it all to build a country that is reflective of a progressive and advanced country and prosperous society that he has envisioned, the same way he did in Lagos.”

The first thing to clarify is what “workaholic” means.  A workaholic is not one who accomplishes a lot of work.  It is not even one who is productive.  It simply means someone who works compulsively or obsessively.  In other words, such a person may be undertaking a lot of unproductive — or counter-productive — work.

The Nigeria ruler has been in charge for 10 months, during which time Nigeria has suffered remarkable reverses and descended into danger as one. Last week, as Ngelale made his declaration, the country had hit a new low: I spoke to no friend or relative anywhere in Nigeria who was happy. Nobody had public power supply.

Nobody who owns a car or a power generator had fuel to run it for more than an hour or two.

Nobody who has children had enough food for the week, or in some cases, even for that day.

Nobody who had somewhere to go was confident about his ability to undertake or complete that trip, either because of insecurity nationwide or airfares that have tripled in the past year.

Nobody thought they would be able to get some sleep that night, on account of the brutal heat, and — night after night — they could not.

In other words, Mr Ngelale was wrong about the right thing.  At Tinubu’s age, according to some authorities, he needs 7-9 hours of sleep per night. If he chooses to be awake, he does not have to be working to be effective.  He could be reading a book or listening to music.

Of greater importance, it is not a question of when he sleeps but of what he does when he is awake.  Every office worker knows that someone “opening his files” or staring at his computer is no indication of work or productivity, let alone patriotism and leadership.

What does it profit the people of Nigeria if their ruler is “pressing” his phone into three o’clock in the morning to be advertised as “hardworking” only to prove to be prioritising such excesses as a presidential yacht and SUVs, or to have appointed his son-in-law, or the son of his party chairman, into high office?  What does it profit them if his government is found to have paid the private hotel bills of his daughter, or to be placing his children at the head of an official federal delegation?

Because everyone knows that it profits them not at all.  It was not intended to.  Anybody in authority who claims to be awake halfway through the night may be thinking only of himself, his family, or his cronies.

If he is kept awake by genuine concern for his people, then he is probably reading reports and files and books, of which there are plenty, towards tackling the problems that plague them.

Given the current horrors in Nigeria, he might have been reading the March 2020 article by Zachary Donnefield of the Institute for Security Studies, “What is the future of poverty in Africa?”

“The global burden of poverty is highly concentrated in Africa, with more than 150 million people living in extreme poverty in just two countries – Nigeria and the Democratic Republic of the Congo – according to World Data Lab,” he writes.

“Projections from its system estimate that nearly 80% of the countries unable to eliminate poverty by 2030 will be in Africa. When weighted for absolute number of people living in poverty, that figure increases to more than 90%.”

Ninety per cent on the negative side of anything would normally be enough to keep a leader awake.  Sadly, that is not so in Nigeria, and succeeding administrations in the country, since 1999, have found ways to compound the poverty question in the country. The Tinubu administration holds the distinction for working the quickest to the edge of the slope.

As Nigerians were writhing in pain last week, The Economist, in “Nigeria’s currency crisis is decades in the making,” a story on the naira swiftly becoming “the second-worst-performing currency in the world, after the Lebanese pound,” expressed shock at how quickly things were deteriorating.

“On the wealthy peninsula of Victoria Island in Lagos, Nigeria’s commercial capital, no one knows how much their grocery shopping costs,” it said.  “Prices are changing so quickly that shopkeepers have given up on tags altogether. At the till, one might be shocked to discover that a tomato is now 120 naira (8 cents). Last year that could get you four, enough to balance out the hot spice in a pot of jollof rice. That staple dish is made dearer still by the soaring prices of onions and rice, forcing the poorest Nigerians to skip meals. Because Nigeria is dependent on imports, its weaker currency is pushing the annual inflation rate towards a three-decade high at almost 30%.”

Think about all that for a second. Rising poverty. Three-decade high inflation. Nigerians living in the dark.  Citizens skipping meals.

All of this despite the party in power being the party that was in power eight years before, and the leader of that government declaring his party would liberate 100 million people from poverty.

The irony is that, halfway through the SDGs, we are exactly where we were in 2007, halfway through the MDGs, but only worse because, among others, Nigeria is now accepting alms from Ukraine, a country in the middle of a major war.  How did we get here?

Better yet, as phrased by a BBC reporter in 2007, “Why Can’t Africans Fight Poverty?”

And that answer has not changed: Countries such as Nigeria enthrone leaders who come to consume, not to produce and certainly not to lead.  Often, they are people who, having consumed, lack the basic capacity to acknowledge a purpose higher than themselves or a willingness to serve.

The truth is that if Nigeria is to “Make Poverty History”, as was envisaged 20 years ago, it must begin from within, with people who understand what commitment is.

A “progressive and advanced country and prosperous” society does not happen by chance.  It is often attributable to a strong and committed leader with a gift of character.

On that rests sacrifice, which, once he commits, becomes vision and the standard offering of those around him.  You cannot travel in a convoy of 20 or 50 cars, when five are superfluous and children are starving, and preach hope.