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Nestle empowers 10 graduates

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Nestle Nigeria Plc has graduated 10 youths from its Technical Training Centre, reaffirming its commitment to youth empowerment and skills development in Nigeria.

Nestle Nigeria’s outgoing Factory Manager, Ibukun-Olu Ipinmoye, disclosed this at the ‘Nestle Technical Training Centre graduation’ held in Ogun State on Wednesday.

Ipinmoye congratulated the graduates for their dedication over the past 18 months, noting that they had demonstrated capability in character and learning and adhered to the company’s safety protocols.

“Experience can become outdated, and Nestle is committed to equipping the younger generation with new skills and keeping them up to date. We are open to supporting the indigenes, and the company is committed to ensuring a circular economy,” he added.

The Managing Director of Nestle Nigeria, Wassim El-Husseini, highlighted the broader impact of the training programme, stating, “This brings the total headcount this year to 30. Today, more than 198 people have passed through this program, and we are delighted to say that we have employed over 70 individuals this year.”

El-Husseini emphasised the company’s dedication to investing in youth development.

“Our programme aims to provide employment opportunities in the form of internships to equip youths for better advantages in the corporate world. We have reached over 16,000 youths in employment opportunities. Altogether, we reach over 25,000 youths through this initiative every year,” he continued.

The Country HR Manager of Nestle Nigeria, Alhaji Shakiru, stressed the company’s consistent efforts in youth training.

“Consistency is key to greatness. Nestle has been consistent with its graduate training program. In April, we employed 20 persons who are now economically buoyant. By September 13, we will be graduating another 20 people. We have solid programs for youths, and the best we can do is to build solid capability in youths, which can make Nigeria a frontline country,” he said.

An alumnus of Nestle, Moshood Kilaso, encouraged the graduates to maintain resilience in their duties. “To maintain resilience in your duties, always strive to be the best.”

One of the graduates, Ezekiel Bibire, reflected on the challenging journey and the knowledge gained. “The journey was not easy, but through it all, we have achieved this milestone and are delighted for the knowledge imparted,” he stated.

LASG harps on benefits of exclusive breastfeeding

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The Lagos State Government is set to commemorate the 2024 World Breastfeeding and Maternal, Newborn, Child, and Adolescent Health Plus Nutrition Week.

The state said it would be implementing interventions geared towards promoting exclusive breastfeeding and improving health-seeking behaviours, particularly among mothers and children under five years.

While speaking on the government’s preparations for the week-long activities, the Special Adviser to the Governor on Health, Dr. Kemi Ogunyemi, explained at a Wednesday press briefing that the state would use the medium to improve the health-seeking behaviour of the populace.

Ogunyemi emphasised that the week-long activities would be highly impactful, with all 329 primary health care centres, 752 mobile teams, and over 3,000 health workers trained and prepared on implementation strategies.

She disclosed that mobile teams would visit creches, schools, and playgrounds to administer deworming tablets and vitamin A to eligible children.

“The MNCAH+N Week is a week set aside by the Federal Ministry of Health through the National Primary Health Care Development Agency in collaboration with the 36 states of the federation to improve the provision of preventive, promotive, high-impact, but cost-effective maternal and child health interventions,” she said.

She announced that the 2024 MNCAH+N Week, scheduled to hold from August 1 to 7, 2024 coincided with the World Breastfeeding Week, which was why the government would be implementing both concurrently.

“The World Breastfeeding Week is commemorated annually to create awareness of the importance of breastfeeding practices for the survival of babies under the age of two years. Breastfeeding is a natural way of providing the ideal and complete food for infants to ensure optimal growth and development for increased chances of survival,” she stated.

The Special Adviser noted that the theme for the Year 2024 World Breastfeeding Week is “Closing the Gap, Breastfeeding Support for All.”

A nutritionist, Ms Uju Onuorah, said last year that breastfed babies would have a lower risk of Type 1 diabetes, cardiovascular diseases and obesity later in life.

Onuorah said this in an interview with the News Agency of Nigeria in Abuja.

According to her, besides the fact that for newborns, breast milk is the best source of nutrients, breastfeeding also has advantages that continue into maturity.

2024 World Igbo summit committee inaugurated in Asaba

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The Local Organising Committee for the upcoming 2024 World Igbo Culture, Language, Heritage, and Tourism Summit has been inaugurated.

The committee, inaugurated in Asaba, the Delta State capital, vowed to ensure that the event becomes a resounding success.

Speaking at the event, the Chairman of the occasion, former Inspector General of Police, Mr Mike Okiro, stated that the summit aimed to bring together Igbo-speaking people from across the world to contribute to the formation of a shared cultural identity and collective consciousness within the society.

He said, “This summit will hold in November 2024, and will bring together Igbo-speaking people from across the world.

“The summit as a cultural heritage event will have a profound impact on every society, and will serve as a primary construction of the human community and an expression of existential living.”

He said technological advancements should be integrated into cultural heritage to promote greater unity, mutual understanding, and respect among the community.

In her remarks, the Mother of the Day, Mrs Chika Ibeneme, represented by a one-time Chief of Staff to the Imo State governor, Mrs Ijeoma Igboanusi, commended the Igbo Unity Initiative and congratulated the people of Delta State for hosting the programme aimed at uniting all Igbo cultures.

Ibeneme applauded the exceptional qualities of the Igbo people in business, intelligence, strength, and dedication to development.

In his acceptance speech, the LOC Chairman, Mr Patrick Nwanze, said that this year’s World Igbo Summit would be the first of its kind, noting that the summit will showcase over 1,000 cultures of Igbos in different units.

Nwanze noted that the gathering of diverse cultures and languages of Igbo-speaking people would play a significant role in enhancing national cohesion and integration, which are highly emphasized in Igbo values.

He added that the committee’s focus would be on promoting Igbo culture, language, heritage, and tourism, aiming to attract global attention and participation.

Also, a Don at the University of Port Harcourt, and Secretary of the LOC, Prof. Adaobi Ugbomeh, applauded the organizers for finding her worthy to serve in that capacity.

She stated that the ultimate goal was to showcase the unity of the Igbo language and culture, despite its diverse dialects.

Ugbomeh said while dialects may vary, the Igbo people are one, likening their diversity to different dialects.

She said the summit would foster a deeper understanding and recognition of Igbo unity, emphasizing that knowledge is power and seeking to dispel misconceptions and ignorance that have led some to argue against Igbo unity.

Nigeria must grow beyond banking to achieve $1tn economy – Afrinvest

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The Federal Government has been advised that for the country to achieve the projected $1tn economy, it needs to grow beyond the banking sector.

This was stated by the Group Managing Director of Afrinvest, Chioke Ike, at the launch of its 2024 Banking Sector Report, themed Recapitalisation: Catalyst for a $1 Trillion Economy?’

The apex bank ahead of announcing the new capital requirements of the banks said that the banks needed to be stronger and more stable to be able to drive the $1tn economy projected by President Bola Tinubu.

Chioke emphasised that while the recapitalisation exercise would enhance the capacity of banks to serve the larger economy, increase lending capacity, attract foreign investments, and promote better risk management, the banking sector alone cannot drive economic growth.

“To achieve a $1tn economy, Nigeria needs to grow beyond the banking sector. Every aspect of the economy must grow alongside it,” he said.

He highlighted the need for human capital development, citing the example of Mexico, Indonesia, and Turkey, which have achieved higher GDP per capita and human capital indices.

“Nigeria needs to invest in its people to achieve similar growth. We must prioritise human capital development to achieve a $1tn economy.

“The macroeconomic environment is challenging, with a potential national strike looming. However, the data is available to run the economy effectively, but politicians must pay attention to it and have the discipline to be humble,” he noted.

The Acting Director of Financial Policy and Regulations, Mr John Onoja, who represented CBN Governor, Olayemi Cardoso, maintained that the central bank was committed to meeting the $1tn economy target.

“We are glad that the present administration has set this target, and we are committed to supporting it,” he mentioned.

He noted that the CBN was working closely with banks to review their capital plans and ensure a successful exercise, collaborating with institutions like the Nigeria Deposit Insurance Corporation, the Security and Exchange Commission, the Nigerian Exchange, and the National Assembly.

Meanwhile, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, also highlighted the need for fiscal discipline, revenue growth, and competitiveness.

“Nigeria is a poor country with a budget of under $40bn, including supplementary budgets for all 36 states and 774 local governments. Our revenue is less than half of that amount,” Oyedele said, highlighting the urgency for reform.

To achieve a $1tn economy, Oyedele stressed the importance of a functional banking sector, capital market, and consistent policies.

He said, “We can generate more revenue by optimising government assets, reforming government-owned enterprises like NNPC Limited, and exploiting solid minerals and natural resources.”

The goal, he said, was to increase Nigeria’s revenue-to-GDP ratio to 30 per cent within two to three years.

He also advocated for promoting prosperity by waiving taxes on capital, investment, production, poverty, and seeds.

Oyedele noted that Nigeria’s over 60 official levies and taxes compared unfavourably to South Africa’s single personal income tax, which generated more revenue than all Nigerian taxes combined.

“With these reforms, we can improve revenue collection and move towards a $1tn economy,” Oyedele concluded.

Old Mutual rebrands to emPLE

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Old Mutual Nigeria Life Assurance Company Limited and Old Mutual General Insurance Company Nigeria Limited have announced a rebranding and name change to emPLE Life Assurance Limited and emPLE General Insurance Limited, respectively.

This followed the receipt of regulatory approvals from the National Insurance Commission.

In April, The According reported that Old Mutual Nigeria sold its life and general insurance businesses to the emPLE Group for an undisclosed amount.

emPLE Group acquired 100 per cent of Old Mutual’s equity in both businesses.

According to the firm, with the acquisition finalised, it will now operate under the emPLE brand, reflecting its integration into the emPLE Group’s vision and strategy.

A statement from the firm on Wednesday said the acquisition of Old Mutual’s insurance businesses in Nigeria and their transformation to emPLE mark a pivotal moment in emPLE’s journey with emPLE poised to enhance its service offerings and customer engagement, positioning itself as the premier insurer in Africa.

The Managing Director of emPLE General Insurance Limited, Mr Olalekan Oyinlade, said, “The rebranding to emPLE signifies a new chapter for us. We remain steadfast in our dedication to delivering innovative insurance solutions that meet the evolving needs of our customers. emPLE, meaning empowering people, reflects our mission to protect and empower individuals and families throughout Africa, ensuring their financial security and prosperity.”

The acting Managing Director of emPLE Life Assurance Limited, Mr Rantimi Ogunleye, added “We are excited about this new phase. The acquisition will significantly bolster our commitment to expanding our market presence and strengthen our ability to achieve remarkable growth and enhance the value we provide to our customers.”

Old Mutual has been a prominent player in Nigeria’s financial landscape, offering comprehensive life assurance, general insurance, savings, and investment solutions to over 1.5 million customers across the country.

Benue buys N93bn bonds to boost infrastructure

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The Benue State Governor, Rev Fr Hyacinth Alia, on Wednesday, said the N93bn bond secured by his administration was for infrastructure.

The Deputy Governor, Sam Ode, on Tuesday, disclosed that the state had secured N93bn to tackle insecurity and infrastructural development in the state.

Ode, who represented the governor at a town hall meeting organised by the Special Advisers, in conjunction with the state Ministry of Information, said the bonds would be used to curb insecurity and develop projects in the state.

The disclosure attracted condemnation by a group, Defenders of Democracy, which accused the state government of plunging the state into serious debt.

The President of the group, Amos Uchiv, accused the state government of taking a sum of N133bn within a year of being in the saddle.

“With shock and disbelief that despite the multibillion naira coming into the state every month as federal allocations, which have never been seen before in the history of the state, the government of Hyacinth Alia has gone ahead to take a fresh loan of N93bn for what the governor claims to be ‘digitalisation of governance’.

“This amount is the second in just two months that the Alia administration has taken a multibillion naira loan.

“Last month, Governor Alia announced that his government had secured a €25 million (N40.4 billion) loan from the European Investment Bank, for ‘road construction’. That brings the total loans taken by the current government of Benue State in only two months to over N133bn.

“Between May 2023 and July 2024, Benue State has received over N200bn from the federation’s account for state and local governments. This is in addition to several interventions by the Federal Government in the form of palliative and other monetary support initiatives of the President Bola Tinubu administration.

“That puts the total figure that the Alia administration has received (including the loans) in the region of N350bn within just a year,” the group said in a statement.

Responding through his Chief Press Secretary, Kula Tersoo, the governor said the bonds were transparent and would not be misused by the recipient.

He said, “You don’t collect cash while securing bonds, everything is tailored to infrastructure and the payment is tenured. It’s better than a soft loan that can be manipulated.

“As a bond, no one is going to send money to you but rather deployed in projects. It’s more transparent than a soft loan and the money will not be misused.”

The statement urged critics of the government to go around the state and see constructions ongoing; adding that every money accrued to the state would be judiciously spent.

“Let the critics visit Guma, Makurdi, Gboko, Obi, Vandekya, Ushongo and other local government areas in the state to witness the sound of earth-moving equipment working daily.

“For the first time, the ecological funds are being used to open up channels in anticipated flooding areas, including Guma.

“Allocations are being used to pay salary and pension allowances and gratuities of retirees and others,” Tersoo said in the statement.

NLC threatens showdown as gov says Gombe can’t pay N70,000

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The Nigeria Labour Congress, on Wednesday, threatened a showdown as the Governor of Gombe State, Muhammad Yahaya, declared that the state would not be able to pay the N70,000  new minimum wage.

President Bola Tinubu signed the new minimum wage bill into law on Monday, making N70,000 payment mandatory.

But the Gombe governor, while speaking at a stakeholders’ meeting on Tuesday at the state Government House in Gombe, said, “I cannot pay the N70,000 minimum wage, and I suspect many other states are in the same predicament.”

In an interview with our correspondent on Wednesday, the NLC Secretary in Gombe State, Ibrahim Fika, said the declaration by the Gombe governor, who is also the Chairman of the Northern Governors’ Forum, was a recipe for renewed struggle by organised labour.

The NLC scribe said, “The governor has said his mind before us. We are anticipating the table of the national headquarters for the adjustment; from there we will start our own struggle because as we all know, the new minimum wage is now a law after passing through scrutiny in the legislature and getting the presidential assent.

“We don’t see the reason why a governor will say he can’t afford to pay N70,000. We are expecting governors to pay more than that, not less. We will do our possible best to see that Gombe enjoys the new minimum wage by God’s grace.”

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#EndBadGovernance and danger of misplaced anger

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Today is the set date for the Nigerian citizens to unleash their pent-up anger and frustration against their political leaders, nay the President Bola Tinubu government, through a channel popularised and sold as #EndBadGovernance protest. My fear is that because they have waited far too long, the rage may have a double impact. Just like a magma that seethes under the earth until it bursts out as a smouldering larva, no one can really predict how the emotions of the citizens would flow. This is dangerous because it feeds into the psychology of defence mechanism to cope with hardship engineered over the decades by our own peculiar but dysfunctional socio-political experiment, or democratic process.

The real culprit that Nigerians should be protesting against is the International Monetary Fund and the Bretton Woods system that it represents. It is the IMF that told the Nigerian government to remove all subsidies, on petrol and electricity. It is understood that in declaring an end to petrol subsidy on the day he was being sworn in, Tinubu was sending a clear message to the IMF that he was ready to work with their plan, regardless of its venom.  In my opinion, Tinubu should look at China with a new lens. This is a country that has been able to successfully define its own prosperous economic path without looking the way of the Bretton Woods handouts or textbooks.

I believe the protest took a long time in coming because it would have naturally happened under the Muhammadu Buhari administration which failed to fulfil its key promise of ending the bad governance unleashed on Nigerians since 1999 by the political party it unseated. We must note that #EndSARS is not the same as #EndBadGovernance. However, this is not to say that Buhari is to be blamed for the woes of the nation. No. Yet, truth be told, the average Nigerian voted for him to replace Goodluck Jonathan and his Peoples Democratic Party because we believed he had a better deal than those who were looting the country blind.

The Buhari phenomenon became a historic reality on the consensus that corruption would be given the sucker punch. It was a revolution, led by Mr Anticorruption himself. This was the reason there was much talk about his body language forcing a change in the polity at the beginning of his tenure in 2015.

But as the new government dug in, we saw a total hijack of the instrument of power by unscrupulous politicians who rode in with the Buhari wave.  Buhari did not vet them, either. Within a short time, all the good and bad politicians melded into one. There was no longer any recognisable difference between the PDP and the so-called Buharists. Just like the tale in the popular novel Animal Farm, Nigeria reverted to its original state – the animals are underfed and overworked with little hope of a better future.

Interestingly, Buhari was insulated from protests for the same reason that he was elected. He enjoyed cult followership, especially in the North. Still, he was shrewd enough not to grab the tiger’s tail by removing the subsidy on petroleum, to the very end of his tenure. Tinubu became the fall guy by removing the subsidy on the first day he ascended into office. But Nigerians must understand that it is not really about subsidy. It is about corruption, that old serpent that refused to die or be exorcised. It is behind bad governance and the scam called fuel subsidy. That is why even up till this moment, subsidy is still being paid in some other fashion. To be sure, once you kill corruption, bad governance is dead.

I am convinced that what drives Nigerians as they enter the street today is nothing but displaced anger. Displaced (or misplaced) anger is when someone transfers their anger to someone or something other than what initially triggered it. This can lead to displaced aggression, that is, physical or emotional hostility toward someone or something other than the initial trigger.

Are Nigerians angry? Yes, they are. Why? There is no concrete answer to this question. The issue is so convoluted that if you put all of us in one room, we shall each have our own personal demands to present. At the end of the day, you realise that it is not even about bad governance. There are existential problems troubling us. And they are fundamental, at the soul of our survival as a nation. It may be corruption, or ethnic hegemony, or religious repression, or political misperception. But for the lack of a concrete term, it is called bad governance for now.

Protests seem to have a life of their own. You may never know how they come and go. Even during the 2012 protests that were ignited when Jonathan increased the pump price of petrol, it was revealed that we had inadvertently joined a global movement known as the Occupy Movement. Hence, while we saw it as a fuel hike protest, the organisers led us into the global theatre of social uprising that was charted in the spirit of the Arab Spring. It nearly collapsed Jonathan’s government.

The Occupy Movement was an international populist socio-political movement that expressed opposition to social and economic inequality and to the perceived lack of real democracy around the world. It aimed primarily to advance social and economic justice and different forms of democracy. The interesting aspect of the movement was that it had many different scopes, since local groups often had different focuses, but its prime concerns included how large corporations (and the global financial system) control the world in a way that disproportionately benefits a minority, undermines democracy and causes instability. I discovered that at the root of the Occupy Movement was the Zeitgeist Movement, an activist movement against market capitalism and historic religious concepts.

Therefore, we must be sure to understand and engage the philosophy of any protest we embark on, because some of them are demands to upturn civilisation as we know it. Populist politicians usually come into office riding on such promises. President William Ruto of Kenya enjoyed the massive support of Kenyan youths because they saw him as one of their own – “hustler-in-chief” as he described himself. But, alas, when he became the president, he did not commit to the class suicide required of him to fulfil his undeclared promises. Hence, the Kenyan youths were livid with disappointment.

This is the main reason I stated earlier that Buhari should be the one that would have answered to the anger of the masses. Just like Ruto, he enjoyed the support of the man on the street. But when he became president, he turned his back on them. As a matter of fact, Tinubu never made half the promises Buhari sold to us.

I suggest that in order to save a dying nation, the Tinubu team should adopt the standard treatment options for displaced anger. The first is talk therapy, which is a communication-based treatment, to better understand and manage thoughts and behaviours. In other words, the President must personally talk to Nigerians. The second is stress relief, utilising techniques and behaviours to calm the body and mind and decrease stress levels. This means that angry Nigerians must have their immediate needs met – revert to the old electricity tariff, support entrepreneurs, etc. The third is anger management, which utilises a set of techniques that helps people with anger react differently when they feel angry. This speaks to the ability of the president to present a better picture of his dream for Nigeria. The masses have lost the patience to wait for his economic plans to mature.

Ogunsemilore couldn’t prove her innocence — NOC

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Nigerian boxer Cynthia Ogunsemilore was sent parking from the Olympic Games Village in Paris 2024 after failing to prove her innocence in a doping case, Nigeria Olympic Committee Media Officer Tony Nezianya told According Sports Extra on Wednesday.

The International Testing Agency had earlier reported that Ogunsemilore tested positive for furosemide, a prohibited diuretic, in an out-of-competition doping control on Thursday.

“She left the Games Village yesterday (Tuesday). She will be heading back to Nigeria, and she has to leave France,” Nezianya told our correspondent.

“She has been sent out of the Games Village in line with the directive that she should leave. Some certain items have also been recovered from her; a Samsung phone, an accreditation tag, and other things were returned to the IOC.”

Responding to Ogunsemilore’s claims that the test was wrongfully conducted, Nezianya stated, “Those testimonies should have been given to the IOC, and she did not tender it there. It is when they are caught that they start blaming procedures. Her signature is already on the result, which means she gave consent to the procedures followed.”

“She was alleged to have taken drugs, and she was not able to prove anything otherwise.”

The Court of Arbitration for Sport’s Anti-Doping Division confirmed Ogunsemilore’s provisional suspension on July 28, which will continue through the duration of the Paris 2024 Olympics.

The 2022 Commonwealth Games bronze medalist and African Games champion had been scheduled to face Taiwan’s Wu Shih Yi in a round of 16 bout on Tuesday before her suspension led to a win for Shih Yi.

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Banks, others shut as hunger protest holds

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Banks and other financial institutions in the country will be closed on Thursday, August 1, 2024, as the planned hunger strike begins across the country.

While none of the banks outrightly announced a closure, chats with different employees of the banks indicated that they have been advised not to report for work on Thursday as the banks monitor the protest.

A banker who spoke with The According said, “You saw what happened during previous protests, banks were targets. We don’t want a repeat of a similar experience, hence we have been advised to monitor the situation first and then we know where to go from there.”

Another banker based in Lagos simply said, “I’m not going to work tomorrow,” when asked.

However, another banker said they were not advised either way, just told to exercise caution during their commute.

A Pension Fund Administrator, Leadway Pensure, in a mail to their customers on Wednesday titled ‘Business Continuity Amid Planned Protest’ said, “Due to the planned nationwide protest starting August 1, 2024, please be informed that all our office will be closed on Thursday, August 1, 2024, and Friday, August 2, 2024, at the first instance as we monitor the situation.”

The PFA went on to urge its customers to adopt its digital channels for their transactions.

Asset Management firm, Meristem Securities Limited, also issued a notice of closure to its customers on Wednesday.

“Dear esteemed client. Due to the upcoming nationwide protest tomorrow, this is to inform you that all our offices in Lagos, Port Harcourt and Abuja will be closed on Thursday, 1st June 2024. We will closely monitor the situation and provide further communication, depending on the developments of the protest.”

Their customers were advised to reach them via their online channels.

Speaking with The According in an exclusive interview, the President of the National Union of Banks, Insurance, and Financial Institutions Employees,  Anthony Abakpa, said, “Banks will monitor the National planned protest closely and see how it plays out. The regulatory body has not given express approval to close any of the bank operations amid the protest.

“Banks cannot close shop without the express approval of the Central Bank of Nigeria. We will monitor closely while we have advised our members to exercise extra caution and be alert to stay safe during and after.”