NEWS AGENCY OF NIGERIA
Economy/Business

FG committed to reposition textile industry

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By Vivian Emoni

 

The Federal Government has expressed its commitment to repositioning the Cotton, Textile and Garment (CTG) industry for sustainable growth.

 

 

 

Sen. John Owan Enoh, Minister of State for Industry, said this at a Stakeholder’s Meeting on “Revitalising Nigeria’s Cotton, Textile and Garment Industry’’, in Abuja on Wednesday.

 

 

 

The theme of the meeting was tagged “Co-Creating Solutions to Grow CTG Industry in Nigeria’’.

 

 

 

Enoh said the objective of the meeting was to finalise the review of the policy document for the full revitalisation of the sector.

 

 

 

He added that the meeting was also aimed at ensuring sustainable growth and development of the industry in line with global best practices.

 

 

 

“As we seek to revive and reposition the sector, the ministry is fully committed to building a strong policy and institutional framework that reflects today’s realities and tomorrow’s possibilities.

 

 

 

“Your participation will support transparency, amplify stakeholder voices, and contribute to the development of this vital sector.

 

 

 

“But this cannot and should not be done in isolation.

 

 

 

“Your presence here is a powerful reminder that sustainable solutions are best shaped by those who live the challenges, those who drive the innovations and those who carry the vision.

 

 

 

“We appreciate your usual support and cooperation,’’ he said.

 

 

 

Enoh said that the meeting has been convened not just to consult, but to listen, collaborate and co-create.

 

 

 

“I really appreciate your time, your voice, and your willingness to contribute meaningfully to this process.

 

 

 

“Together we can weave a new narrative for the CTG industry, one of reliance, resilience, competitiveness, and shared prosperity,’’ he said.

 

 

 

The minister said that the Industrial Revolution Work Group has been inaugurated, adding that one of the key objectives was to revitalise moribund industries.

 

 

 

He said that the ministry was working hard to revive moribund industries and ensure they thrive.

 

 

 

Enoh also encouraged Nigerians to embrace locally made goods, adding that it would help to realise the nation’s potential.

 

 

 

Similarly, Amb. Nura Rimi, Permanent Secretary of the Ministry, said that the revitalisation and repositioning of the sector have immense potential for the nation’s economic growth, job creation, and overall industrial development.

 

 

 

Rimi said the industry was a vibrant cornerstone of the economy, adding that it provides livelihoods for millions of families and contributes significantly to the country’s Gross Domestic Product (GDP).

 

 

 

He called for strong collaboration with relevant stakeholders to unlock the immense potential and achieve the goals and objectives of the industry.

 

 

 

Mrs. Adenike Ogunlesi, who represented the Garment and Accessories Manufacturers Association of Nigeria (GAMAN), said that garment was the demand engine of the CTG value chain.

 

 

 

Ogunlesi said that the industry was the immediate channel for the creation of jobs, earning foreign exchange and giving national visibility on Made-in-Nigeria products.

 

 

 

Also, Mr. Hamma Kwajaffa, Director-General, Nigeria Textile Manufacturers Association, said that the meeting would promote the industry`s potential and help to address challenges being faced by the industry.

 

 

 

Kwajaffa said that the association provides resources and training for textile and textile-related manufacturers, on manufacturing and human resources matters. (NAN) (www.nannews.ng)

 

Edited by Ifeyinwa Okonkwo/Oluwafunke Ishola

Economy/Business

Proactive risk management key to Nigeria’s development- NAICOM

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By Taiye Olayemi

 

National Insurance Commission (NAICOM) has called for a proactive, data-driven, and forward-looking risk management approach to boost national development.

 

Mr. Olusegun Omosehin, Commissioner for Insurance, made the call during the Risk Managers Society of Nigeria’s (RIMSON) 40th-anniversary celebrations in Wednesday in Lagos.

 

The theme of the programme is “Risk Management in Nigeria: Evaluating the Impact and Relevance to National Development”.

 

Omosehin urged stakeholders to be committed to advancing risk management practices that align with Nigeria’s development aspirations.

 

He said, “As we evaluate the impact of risk management on national development, we must embrace a proactive, data-driven and forward-looking approach.

 

“Risk management should not be seen as a reactive measure but as a strategic tool embedded in governance, infrastructure planning, enterprise development and public policy.

 

“I encourage all stakeholders to deepen collaboration, share insights, and commit to advancing risk management practices that align with Nigeria’s development aspirations.

 

“Together, we can build a more resilient, secure and prosperous nation.”

 

Omosehin noted that risk management could be seen as one of the cornerstones of sustainable development.

 

He said that in today’s interconnected world, the ability of public and private institutions to identify, assess, and respond to risks was central to national resilience and progress.

 

He explained that in Nigeria, it could be observed how the lack of structured risk mitigation had hampered growth.

 

He said this could be seen from business disruptions to the socio-economic consequences of climate-related disasters, cyber threats and public health emergencies.

 

“The insurance industry, under the regulatory oversight of NAICOM, plays a pivotal role in fostering a robust risk management culture in Nigeria.

 

“Through risk transfer mechanisms, insurance not only provides a financial safety net but also promotes stability, investment and innovation.

 

“Our regulatory framework is focused on enhancing the capacity of insurers to underwrite risks while ensuring policyholders are protected.

 

“We are also working to expand insurance penetration, particularly among underserved communities, so that risk mitigation is inclusive and equitable.” (NAN) (nannews.ng)

Edited by Olawunmi Ashafa

Economy/Business

Nigeria to exit financial action task force grey list soon – SEC

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By Taiye Olayemi

The Securities and Exchange Commission (SEC) has expressed optimism that Nigeria is on the verge of being removed from the Financial Action Task Force (FATF) grey list.

 

This confidence stems from the recent signing of the Investments and Securities Act (ISA 2025) by President Bola Tinubu.

 

Dr. Emomotimi Agama, Director-General, SEC, confirmed this in a statement on Wednesday.

 

A key component of this new legislation is the inclusion of comprehensive regulations for digital assets, a factor that the FATF has emphasised in its assessment of countries on the grey list.

 

The News Agency of Nigeria (NAN) reports that Nigeria was placed on the FATF “grey list” on Feb. 24, 2023, alongside other jurisdictions.

 

This was due to deficiencies in its anti-money laundering (AML) and counter-terrorism financing (CFT) regime.

 

Agama said the inclusion of digital assets in the ISA 2025 provided the country with an avenue to exit the grey list.

 

He noted that the new law aimed to curb fraudulent activities in the digital space, fostering trust and innovation in blockchain technologies.

 

He said, “The AML CFT issue is what brought about our inclusion in the grey list; the inclusion of this law today provides us an avenue to exit that grey list, and that is very critical to the international community.

 

“We are telling the international community that we are ready for business, and we are ready to protect every business that operates within Nigeria and all those involved in such activities within Nigeria.”

 

Agama emphasised that trading in cryptocurrencies does not translate into a weaker Naira.

 

He explained that the commission was going to provide guidance for all the actors to ensure that their acts do not go against the national interest.

 

He said, “SEC now has the power to clamp down on such entities. So, we encourage everyone who is in this space to come under regulation to seek clearance.

 

“To seek guidance for whatever reason, and we are ready and able to provide solid guidance so that at least the national economic interest is truly protected.

 

“So we believe that the regulation, the law itself, will bring succor to them, because once clarity is provided, they are safer in dealing in this kind of businesses.

 

“The essence of regulating is to provide fences around the institutions, the products, the persons involved in it, and to make sure that they do not involve in things that are illegal.

 

“We are working with the Central Bank of Nigeria, the Economic and Financial Crimes Commission, the Nigeria Financial Intelligence Unit, and the Office of the National Security Adviser on the regulation of this space, in order that it should not be inimical to the existence of Nigeria as a country.

 

“We want to make sure that everyone that is involved in this space is properly guided, because for every investment, even when it is a traditional investment, there’s usually the risk aspect of it. That risk aspect of it is what we are managing.”

 

Agama disclosed that the commission is currently carrying out moderated regulation as it is not possible to grant licenses to all those that have applied to operate in the space at the same time.

 

“SEC currently has two programmes: the regulatory incubation programme and the accelerated incubation programme, which are tools that will aid in the evaluation of the risks that the institutions pose to the Nigerian economy and its citizens.

 

“It is a process, and in the next quarter, we are going to release the next cohort, and after the evaluation of what has happened in the last two quarters, we are going to do that release in this next quarter.

 

“We are happy to note that the processes around that are almost concluding, and we will inform the public of the outcome very soon,” he said.

 

He noted that in a bid to deal with challenges that may arise in the process of regulation, the Commission was introducing risk management as a legal instrument to guide the operations of capital market operators and the issuances of securities.

 

He said this was also to be able to mitigate any risk that will arise in the nearest future.

 

“Now, once this happens, the tendency is that investors will be more confident, because they know that we have their back.

 

“That certainly will improve investor protection.

 

“Therefore, KYC is also beefed up through the risk management process today.

 

“That also helps us to be able to seek out genuine investors from people who do not mean well for the market, and that also will improve investors’ protection,” he said. (NAN) (www.nannews.ng)

 

Edited by Olawunmi Ashafa

Economy/Business

NGX Group approves N4.4bn dividend for shareholders

129 total views today

 

 

By Taiye Olayemi

 

Nigerian Exchange Group (NGX Group) on Wednesday approved payment of N4.4 billion to the company’s shareholders for the year 2024.

Dr Umaru Kwairanga, Chairman, Nigerian Exchange Group, disclosed this during the company’s 64th Annual General Meeting (AGM) held in Lagos.

Kwairanga said, “These results mark a pivotal moment in NGX Group’s post-demutualisation journey, reinforcing investor confidence in our long-term vision.

“The approval of a record N4.4 billion dividend, translating to N2 per share, is the highest dividend payout in the Group’s history.

“This is a testament to our unwavering commitment to delivering value to our shareholders while ensuring the long-term sustainability of our business.

“As we continue to invest in strengthening market infrastructure, expanding our service offerings, and fostering innovation, we remain focused on positioning NGX Group as a key driver of Africa’s financial ecosystem.

“The Group’s financial and operational milestones in 2024 serve as a strong foundation for future growth, and we are confident that our disciplined execution and strategic foresight will sustain this momentum in the years ahead,” he said.

According to Kwairanga, the Group’s profit after tax increased by 47.07 per cent from N5.25 billion in 2023 to N7.72 billion in 2024.

He said that the profit before tax also rose from N5.29 billion in 2023 to N13.61 billion in 2024.

He noted that while the company’s income grew by 51 per cent from N11.8 billion in 2023 to N23.99 billion in 2024, total assets also soared by 12.05 per cent from N59.84 billion in 2023 to N67.04 billion in 2024.

According to him, the Group’s expenses soared by 28 per cent from N11.37 billion in 2023 to N14.5 billion in 2024.

He said the gross earnings for 2024 rose by 100 per cent from N16.66 billion in 2023 to N33.32 billion in 2024.

He noted that the revenue soared from N8.299 billion to N16.89 billion in 2024.

“NGX Group remains at the forefront of Africa’s financial market, representing excellence, innovation and good corporate governance.

“At the core of the Group’s mission is our commitment to empowering Nigeria’s economy and driving its transformation into a dynamic and globally competitive financial hub.

“Our vision transcends borders as we aspire not only to elevate the Nigerian economy but also to meaningfully contribute to Africa’s economic prosperity.

“The actualisation of this vision is evidenced by our recent strategic investment in the Ethiopian Securities Exchange.

“Our purpose remains clear: to redefine market infrastructure benchmarks and cultivate a resilient and inclusive financial ecosystem that serves the diverse,” he said.

Also speaking, Mr. Temi Popoola, Group Managing Director, NGX Group Plc, said NGX Group’s strategic focus and operational discipline delivered record-breaking results in 2024.

Popoola said the Group’s profit before tax surged by 157.3 per cent, reflecting both top-line expansion and cost efficiency.

“He said the gross earnings rose by 103.2 per cent to N24 billion, supported by significant growth across key revenue lines.

“Listing fees rose by 397.1 per cent, reflecting renewed market activity.

“Transaction fees grew by 64 per cent, driven by higher trade volumes.

“Technology-Related Income doubled, reinforcing our digital leadership.

“Treasury Income increased by 45.6 per cent, while Market Data Revenue grew by 100.5 per cent.

“Other fees and income climbed by 174.8 per cent and 102.6 per cent, respectively, underlining the diversification of our revenue base.

“These numbers are more than metrics; they are evidence of a business model that is increasingly resilient, technology-enabled, and diversified for long-term growth.

Mr. Nonso Okpala, Mrs. Fatima Wali-Abdurrahman, and Mrs. Mosun Belo-Olusoga were re-elected as Non-Executive Directors of the NGX Group.

The News Agency of Nigeria (NAN) reports that shareholders raised pertinent issues around delisting, dividend policy, and remuneration of Directors.

Mr. Sam Ayinninuola, Mr. Oluwadare Adejumo, and Mr. Peter Eyanuku were elected as statutory audit committee members. (NAN) (www.nannews.ng)

 

Edited by Olawunmi Ashafa

Health

Lagos ministry empowers 250 women-focused NGOs with funding skills

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By Kemi Akintokun

 

Mrs. Bolaji Dada, Lagos State Commissioner for Women Affairs and Poverty Alleviation, has emphasised the need for increased funding for women-focused Non-Governmental Organisations (NGOs) to enhance the welfare of women.

 

Speaking at a capacity-building event organised by the ministry for 250 women-focused NGOs on Tuesday in Lagos, Dada highlighted the essential role these organisations play in addressing challenges faced by women.

 

She particularly emphasised their importance in the area of economic empowerment.

 

The News Agency of Nigeria (NAN) reports that the theme of the training is “Practical Approach on How to Search and Access Funding for Non-profit Organisations.”

 

Represented by Mrs. Jibike Onigbanjo, the Permanent Secretary, Dada identified funding as one of the primary obstacles NGOs face in carrying out their initiatives.

 

She stated that the training aimed to bridge the gap by equipping participants with the necessary skills to attract and secure funds for their programmes.

 

“This training is a testament to our unwavering commitment to empowering women-focused non-profit organisations with the knowledge and skills needed to access funding and expand their impact in society.

 

“NGOs play a vital role in addressing social challenges and advancing the welfare of women in our society,” Dada said.

 

She added that the training aligned with the THEMES Agenda of Lagos State Governor, Babajide Sanwo-Olu, and would help participants identify, apply for, and secure funding opportunities both locally and internationally.

 

Dada further noted that the Lagos State government continued to create an enabling environment for women-focused NGOs to thrive and drive positive change.

 

To make the most of these opportunities, she stressed that organisations must be well-informed, strategic, and proactive in their approach to funding.

 

The commissioner encouraged participants to take full advantage of the programme in order to contribute meaningfully to the lives of women across Lagos and beyond.

 

Dr Ayodeji Abdul-Rauf, the training facilitator, urged NGOs to be resilient, consistent, and focused in their efforts to attract the right funding.

 

He highlighted that a lack of funding was a major hindrance to NGOs making a social impact and advised them to target organisations, foundations, or individuals with similar interests.

 

Mrs. Gbemisola Babarinde, the Director of the Non-profit Organisation Unit at the ministry, mentioned that the training was held annually and was aimed at engaging registered women-focused NGOs in the state.

 

She reiterated that the ministry was committed to continually partnering with NGOs to improve the welfare of women in Lagos.(NAN)(nannews.ng)

 

Edited by Francis Onyeukwu/Abiemwense

General News

3,000 benefit from ANPA, Elegushi Foundation’s free medical mission

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By Joan Odafe

No fewer than 3,000 residents of Lagos State, particularly in the Ikate community, on Wednesday benefitted from a free medical mission in the area.

 

The mission, organised by the Association of Nigerian Physicians in America (ANPA) and Oba Saheed Elegushi Foundation, covered checkups for diseases including hypertension, diabetes, different types of cancer and gynaecological issues.

 

Other services included, glaucoma, cataract, hernia, gallbladder surgeries, and training for medical personnel to enable them improve on their skills.

 

The National Treasurer of ANPA, Dr Lanre Jimoh, said the aim of the mission was to have a kind of multi-specialty hospital, targeted at prevention, treatment and training for medical personnel, who will continue treating patients, after the programme.

 

He added that though ANPA carries out missions in Nigeria annually, this event was special because it marked the association’s 30th Anniversary.

 

Jimoh, who is also a Gastroenterologist in Charlotte, USA, said: “We’ve done missions for many, many years now. So, over time, we’ve continued to find ways to not just come and then go, and then forget about all the people we took care of.

 

“That’s why we have partners, there’s continuity, and also with technology, we’re able to do a lot of these follow-ups virtually.”

 

He said with the help of collaboration, the association was able to carry out about 65 glaucoma surgeries and about 200 cataract surgeries.

 

Jimoh disclosed that the association had plans to establish its presence in Nigeria, rather than coming for missions alone.

 

 

 

The Commissioner for Health in Lagos State, Prof. Akin Abayomi, said the mission, which was planned for nearly nine months, is one of the first of its kind outside the United States.

 

According to him, a medical team from Andorra had been on ground, conducting surgeries, training sessions, and transferring medical capacity to local practitioners.

 

“We’re building a very close relationship with them now because we believe that Lagos is ripe and ready for a massive influx of brain game in the medical profession.

 

“We are beginning to set the environment into one that is receptive to our brothers and our sisters that are in the American community,” he said.

The Traditional Ruler of Ikateland, Oba Saheed Elegushi, said that health was an important aspect of an individual’s life, and should not be trivialised.

 

Elegushi acknowledged the immense contributions of ANPA, and urged residents to take advantage of the free medical mission.

 

Also, Mrs Abike Dabiri-Erewa, Chairman and Chief Executive Officer of the Nigerians in Diaspora Commission (NiDCOM), said ANPA’s medical mission had been constant with so much impact.

 

“We all know that even in America, 70 per cent of black doctors are Nigerians and I know that through you, medical tourism out of Nigeria will be a thing of the past,” she said.

 

Dr Funmi Ige, President of Medical Women Association of Nigeria (MWAN), Lagos State branch, enlightened the women about breast and cervical cancer, instructing them on what to look out for during breast self examinations.

 

Ige said some sinister signs of cervical cancer to look out for were bleeding for post-menopausal women.

 

Others include bleeding after sexual intercourse or between menstruation.

 

She urged women to go for regular mammograms and cervical screenings.

 

One of the beneficiaries, Mrs Enitan Ipade, expressed joy at the opportunity her family had, to receive medical treatment, including a dental check-up, and medications for free.

 

She praised ANPA and the Elegushi Foundation, also urging Nigerians to take issues concerning their health seriously.

 

The News Agency of Nigeria (NAN) reports that about 137 registered and vetted providers, including doctors, surgeons, anaesthesiologists, were part of the medical team of ANPA.

 

Other groups such as MWAN, Lagos branch; Rotary Club and the Taiwanese Medical Association, also lent support to the team. (NAN) (www.nannews.ng)

 

Edited by Folasade Adeniran

Economy/Business

ARFSD-11: Gatete urges bold action for Africa’s sustainable future

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By Kamal Tayo Oropo

Mr Claver Gatete, Executive Secretary of the Economic Commission of Africa (ECA), has called for a bold action to achieve sustainable development in Africa.

 

Getafe, in a statement by ECA on Wednesday, made the call during his address at the 11th Africa Regional Forum on Sustainable Development (ARFSD-11) in Kampala.

 

Speaking under the theme of “Job creation and economic growth through sustainable solutions”, Gatete stressed the urgency with just five years left to meet the 2030 Agenda goals.

 

He praised Uganda’s hospitality and President Museveni’s commitment to Africa’s development, while recognising the role of key partners, including the African Union Commission and UN system.

 

Gatete warned that Africa’s structural vulnerabilities – from debt to climate shocks – threaten progress, with public debt now at 64.3 per cent of GDP.

 

He noted Africa’s GDP growth hovers at just 3 per cent, far short of the 7 per cent required to meet SDG 8 on decent work and economic growth.

 

“Traditional aid can no longer suffice,” he said, urging evidence-based, inclusive investment in people and institutions to drive transformation.

 

“Out of 144 SDG targets, only 10 are on track, while 106 lag and 28 are regressing. This pace is unacceptable,” he warned.

 

He called for action on five SDGs: health, gender equality, decent work, life below water and partnerships, linking them with AU Agenda 2063 targets.

 

On health, he noted four in five African nations spend under $86 per person—far below the WHO’s $249 minimum—calling for increased domestic investment.

 

On gender equality, Gatete decried low women’s representation in leadership and a 12 per cent gender gap in mobile finance, stressing inclusive policies and access.

 

He described Africa’s informal workforce and unemployment crisis as dire, calling for skills training, job formalisation and entrepreneurship support to harness labour potential.

 

Gatete highlighted the blue economy’s potential, with projected growth from $296 billion in 2018 to $576 billion by 2063, but only 3.5 per cent of SDG funding.

 

Illegal fishing costs Africa $10 billion yearly, he said, urging investment in aquaculture, blue carbon and coastal tourism, citing Seychelles’ and Gabon’s debt-for-nature swaps.

 

On SDG 17, Gatete stressed Africa cannot succeed in isolation and must build strong global, regional and national partnerships to meet development targets.

 

He proposed four key strategies: raise domestic revenue, attract private capital, expand inclusive finance, and fully implement the African Continental Free Trade Area.

 

Tackling illicit financial flows, currently costing Africa $89 billion a year, could unlock critical resources for the continent’s development, he said.

 

He urged unlocking private sector investments using credit guarantees, blended finance and deepening capital markets to finance renewable energy and agriculture.

 

Also, as women and youth face steep barriers to finance, Gatete called for scaled-up microfinance, impact investing and digital inclusion to empower marginalised groups.

 

Gatete championed AfCFTA as a path to raise Intra-African trade by 45 per cent and spark growth in industry, agriculture, services and job creation.

 

He urged investment in AI, blockchain and digital policy, saying an AU Protocol on Digital Trade could revolutionise commerce and job creation continent-wide.

 

Gatete emphasised that bold leadership, decisive policies and strong partnerships are crucial to deliver on the SDGs and Africa’s development agenda.

 

“The clock is ticking.

 

“Together, we can deliver the Africa we want,” he said. (NAN) (www.nannews.ng)

 

Edited by Vivian Ihechu

Sports

Lagos Govt., MTN restate support for sports development

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By Stellamaris Ashinze and Lanre Akojede

 

The Lagos State Government (LASG) and MTN Nigeria on Tuesday restated their commitment to sports development across the country.

 

They reiterated their commitment at the MTN Champs Season 3.0 news conference in Lagos.

 

Speaking at the conference, the Director-General, Lagos State Sports Commission (LSSC), Mr Lekan Fatodu, said that sports was a powerful tool in terms of youth empowerment that took the attention of young people from crimes and criminality.

 

Fatodu said: “I can reassure you that the Lagos State Government will continue to support this kind of initiative and we are solidly behind it now and in the future.

 

“The state governor is particularly concerned that some of its home-grown talents are being, you know, seduced, let me use that word, by other places,” he said.

 

He added that the government was on a trajectory similar to the movement of MTN, adding that it was committed to this greater effort towards empowering young people and bringing the best out of future talents.

 

He said that there was no better way to describe the MTN Champs Season 3.0 event than saying that it was exceptional, inspirational and a motivation for it as a government.

 

Fatodu said that the state governor was actually very deliberate in ensuring that there was total transformation, not just in athletics, but all sports.

 

He said that one information he wished to share was the fact that within the next few months, its athletes, the future champions would be running at the Teslim Balogun Stadium.

 

The director-general said that the stadium’s eight-lane track would be ready for use.

 

According to him, taking a cue from the commercial of the event, the making of champions started from dedication, to preparation, to focus, to endurance, and the last one is support.

 

“That is where our collective energy is important here. MTN is doing its best in terms of support for these young people.

 

“We are particularly interested and excited about the region where we see gains of interest, particularly in athletics.

 

“I am so particularly challenged, because just like swimming, athletics is going in the direction of people saying that it is an elite game which is totally wrong,’’ he said.

 

According to him, there are a lot of talents, and many of them are ready, what they need is the last message in the commercial – Support.

 

Fatodu said that the government would be providing the infrastructure and the technical know for the event.

 

In her welcome address, the Chief Marketing Officer (CMO), Mrs Onyinye Ikenna-Emeka, said that the MTN Champs platform had been designed to create opportunities, support young athletes, empower Nigerian children, and build a future where dreams could be realised.

 

Ikenna-Emeka said that with its focus on sports development, MTN remained committed to supporting the dreams and aspirations of Nigerians through innovative solutions and socially impactful initiatives.

 

The CMO said that the MTN Champs Season 3 had officially begun in Lagos, marking a significant milestone in the journey to discover and nurture young athletic talents in Nigeria.

 

She said that the event, now in its third season, had garnered unprecedented support, with over 2,505 student athletes from 155 schools already registered for the Lagos Edition.

 

According to her, participants from Benin Republic, Togo, and Côte d’Ivoire will compete in the senior category, while MTN staff will participate in a special 4×100 event.

 

“A relay race has also been planned for government officials and our partners.

 

“The MTN Champs platform, launched in 2023, aims to build future Olympians for Nigeria by providing opportunities for young athletes to showcase their talents.

 

“Over the past two seasons, the event has witnessed remarkable participation, with over 7,000 athletes from 375 secondary schools in Season One and 8,000 athletes from 500 secondary schools in Season Two.

 

“This season promises to be the most exciting and the grand finale will be held in Uyo.

 

“The Lagos edition, which starts on April 9th and runs through April 12th, will be held at the Yabatech and University of Lagos Sports Complexes,’’ she said.

 

The Founder, Making of Champions (MoC), Mr Bamigbola Akanni, said that Champs, a premier track and field competition, had been making waves in the Nigerian sports scene, with its innovative approach to discovering and nurturing young athletic talents.

 

Bamigbola, who was represented by Deji Ogeyingbo, Country Manager, Making of Champions (MoC), said that the organisation had been instrumental in shaping the careers of many athletes.

 

He said it had produced some of Nigeria’s most notable sports personalities, was instrumental in shaping the careers of many athletes, and had provided a platform for young talents to showcase their skills.

 

According to Bamigbola, MTN champs has been at the forefront of innovation and technology in track and field, with the use of advanced technology to track and record athletes’ performances.

 

“The event has also introduced the use of the Roster Athletics app, which allows fans to track and view athlete performances in real-time.

 

“The MTN Champs has had a profound impact on the lives of many young athletes, providing them with opportunities to develop their skills and pursue their dreams.

 

“The event has also had a positive impact on communities, with many athletes going on to become role models and inspiration to others,’’ he said.

 

The Senior Editor, MoC, Ms Yemi Galadima, said that MTN Champs had achieved a significant milestone in Lagos, with nearly 3,000 athletes competing in the event.

 

Galadima said that it marked a substantial increase in registrations, from 1,000 per annotation in 2023 to nearly 3,000 per annotation in the current season.

 

She said that it had witnessed a remarkable surge in registrations, with 17,000 athletes from 1,000 schools across Nigeria participating in the event.

 

According to her, Lagos, the 10th leg of the competition, has recorded the highest number of schools registered, with 155 schools participating.

 

“To accommodate the influx of athletes and schools, the MTN Champs has introduced an innovative approach, using two locations for the event.

 

“This format, first introduced in Season one has been adopted in two of the three legs of Season 3, including the current Lagos edition,’’ Galadima added. (NAN)(www.nannews.ng)

 

Edited by Christiana Fadare

General News

Stakeholders push for stronger IP awareness to protect creative industry

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By Joshua Olomu

Legal experts and stakeholders have advocated increased Intellectual Property (IP) awareness to prevent copyright infringements, ensuring Nigerian creatives receive due recognition and rewards for their work.

The News Agency of Nigeria (NAN) reports that the stakeholders made the call at a one-day capacity building programme on IP Rights Management for creative industry administrators on Tuesday in Abuja.

The training, organised by the Federal Ministry of Art, Culture, Tourism and Creative Economy (FMACTCE), brought together officials of the ministry, the media and other key industry players as participants.

According to the stakeholders, adequate awareness and education on IP rights is needed for every Nigerian to appreciate copyright of creators as they drive innovation across every sector.

Mr Michael Akpan, an IP expert, said although enforcement of copyright laws was needed, it was also imperative to ensure that Nigerians were well-informed about IP.

He, therefore, commended FMACTCE for organising the training, adding that the initiative would make them more informed and equipped to deliver on their mandate.

“Respect for intellectual property rights hinges on awareness. When people understand their obligations, enforcement becomes easier, as they are more likely to comply with the law and respect others’ rights.

“Just as you will not trespass on someone’s land, people who understand intellectual property, respect the rights of creators, including musicians and actors.

“As people profit from tangible properties they create, those who create intellectual property are also entitled to derive economic benefits from it, and that is the core message of IP.

“This training is very important because the attendees are like the front officers for government to engage with the creative industry.

“So, they need to have good knowledge of managing creativity, which basically rests on the whole theme of intellectual property protection,” he said.

Mrs Ugochi Akudo-Nwosu, Director of Entertainment and Creative Economy at FMACTCE, emphasised the need for collective efforts to safeguard Nigerian ingenuity, enabling the creative sector to make a greater contribution to the national economy.

She, therefore, urged participants to leverage the benefits of the training for enhanced service delivery to stakeholders in the sector.

“We understand that lack of framework to protect the copyright of creators in Nigeria over the years, is a major concern for which this ministry was created.

“Although the Copyright Act is there, we also need to create awareness for our stakeholders to know that a creative idea or a creative asset need to be protected.

“Today’s capacity building for creative economy administrators on IP rights is actually the first training since the creation of the Department of Entertainment and Creative Economy in 2014.

“We want to specially thank the honorable minister for approving this training for the administrators for them to have capacity to administer the intellectual property rights regime,” she said.

Some participants, who spoke with NAN on the sidelines, expressed their delight with the training, noting that it provided the momentum they needed to perform their jobs more effectively.

Mrs Blessing Onwughalu , Assistant Director in the Department of Entertainment and Creative Economy of the ministry, said that the IP training was apt and timely.

“The things I have never heard before, I heard them today, which is very apt because it will help us to go back and talk to our subsector, the fashion designers, the actors, the authors, all of them.

“We are now equipped with the knowledge to educate them on protecting their rights and earning more income, both personally and for the nation,” she said.

Mr Godwin Ukah, a cultural officer in the ministry, added that with adequate knowledge of IP, policies, and enabling frameworks in place, creatives would thrive.

Earlier, in his opening address, Mr Ibrahim Suleiman, Director overseeing Office of the Permanent Secretary of the ministry, called for policies that would promote fair and efficient IP systems.

According to him, as the Nigerian creative economy is gaining global attention, there is need to enhance the capacity of its administrators, adding that the training was timely.

“These programmes highlight the significance of intellectual property in the creative economy and its output for practitioners.

“On our part as a ministry, we are willing to collaborate with businesses, creators, and institutions to ensure that IP is used as a tool for empowerment and economic growth,” he said.(NAN)(www.nannews.ng)

 

Edited by Chinyere Omeire

Entertainment

Nigerian-German movie producer seeks FG’s investment in Nollywood

203 total views today

 

By Joan Odafe

 

Nigerian-German film director and producer, Dagogo Diminas, has highlighted the need for Federal Government investment in the Nollywood industry.

 

Diminas said this during an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos.

 

He noted that state funding would allow filmmakers to experiment and innovate without financial pressure.

 

“Filmmaking is serious business.

 

“Every department – camera, sound, script, costume – needs to have a clear artistic vision.

 

“Government’s support is essential if we want to compete globally and preserve our identity,” he said.

 

He, therefore, advised creatives to develop unique storytelling styles reflecting Nigeria’s rich heritage rather than imitate Western forms.

 

According to him, having a cultural authenticity is very important for Nollywood’s global growth.

 

“We cannot compete with Hollywood. They created most of the tools we use but we can be different, just like the Indians, the Italians or the Koreans.

 

“They all have unique styles. Nigeria needs to find its voice in film,” he said.

 

Diminas, who has over 30 years experience across Nigeria, South Africa and Germany, began his career in makeup and special effects before studying film directing and production in Europe.

 

Diminas said Nollywood had grown significantly since its early ‘home video’ era, and praised the new generation of filmmakers for their creativity and resilience.

 

He, however identified critical challenges in the areas of distribution, funding and the absence of a defined genre that is unique to the Nigerian experience.

 

According to the filmmaker, integrating Afrobeat into Nollywood productions, especially in the soundtracks and themes, could help Nigeria carve a niche internationally.

 

“Afrobeat is globally recognised. Imagine movies that carry that rhythm, that energy.

 

“You’d know immediately that it’s from Nigeria, just from the sound,” he said.

 

Diminas further called on Nigerian filmmakers to explore cinematic styles such as Italian neorealism and the French Nouvelle Vague, which he believes naturally align with the aesthetics already found in many productions.

 

Citing the success of Afrobeat musicians into gaining global traction by embracing their roots, Diminas urged the film sector to follow suit.

 

He suggested that movies be subtitled in local dialects, and feature traditional music instruments and costumes, to stand out on global platforms.

 

Diminas urged the film industry to embrace strategic storytelling that educates and entertains as a means of addressing pressing social issues.

 

Citing his film,’Stigma’, which aaddressed HIV/AIDS awareness, he explained how the use of humour and cultural context was used to discuss the issue without instilling fear or pity.

 

“Nigerians are known for suffering and smiling.

 

“So, even when we tell tough stories, they must carry that human touch, that relatability.

 

“That’s how to connect with audiences,” he said. (NAN) (www.nannews.ng)

 

Edited by Folasade Adeniran

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