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News Analysis: Adesina’s AfDB journey of success, challenges

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News Analysis: Adesina’s AfDB journey of success, challenges

By Kamal Tayo Oropo, News Agency of Nigeria (NAN)

As Dr Akinwunmi Adesina prepares his handover notes, he reflects with pride on the remarkable accomplishments achieved during his presidency.

His message highlights the collective efforts of all stakeholders, including the Executive Directors of the African Development Bank (AfDB) and investment partners across the continent.

These achievements stand as a testament to the power of collaboration, showcasing how unified efforts can drive impactful change.

Adesina’s leadership has left a lasting legacy, setting a solid foundation for future initiatives and strengthening partnerships that continue to advance the continent’s development.

Conscious of this, Adesina highlighted his imminent exit during the 2024 Africa Investment Forum Market Days, which recently ended in Rabat, Morocco.

He said: “This is my final attendance at the Africa Investment Forum as President of the African Development Bank Group.

“That’s because when you all meet next year, I would have completed my two 5-year terms as President of the African Development Bank Group.

“I am proud of what we have achieved for Africa. I am proud of you our Africa Investment Forum partners.

“I am proud of the Executive Directors of the African Development Bank for believing in the Africa Investment Forum and for their strong current and continued future support for the Africa Investment Forum.

“I am proud that we have built a world-class investment platform. It has been such a great pleasure and honor serving you all as Chairman of the Africa Investment Forum.

‘It has been the greatest honor of my life serving Africa! I will keep cheering and pitching for investments in Africa!”

In 2015, when he took the reins as the eighth president of AfDB, Adesina inherited an institution with a rich history of promoting economic development and social progress across the continent.

However, Adesina had a bold vision – to transform Africa’s economic landscape by bridging the massive infrastructure gap, unlocking the continent’s vast investment potential, and accelerating growth and development.

Adesina’s decade-long impact on continental development has earned him the inaugural ‘African of the Decade’ award.

Adesina formally received the prestigious award at the 2024 AIF, in early December.

The award was sponsored by the All-Africa Business Leaders Awards, ABN Group, in collaboration with CNBC Africa.

It honours individuals who have made a lasting and profound impact on the continent.

ABN Group Chairman, Rakesh Wahi, praised Adesina for his unwavering commitment to ethical and responsible leadership and his ability to drive meaningful change across Africa, particularly through the bank’s High 5 strategic priorities.

“Adesina has demonstrated a significant impact on the African continent through innovative solutions, projects, or initiatives that address the continent’s pressing socio-economic and environmental challenges.

“He has consistently shown leadership, vision, and dedication, driving positive change in sustainable development in Africa,” Wahi said.

Similarly, Nialé Kaba, Minister of Planning, the Economy and Development and AfDB’s governor for Côte d’Ivoire, expressed his government’s profound gratitude to Adesina for his leadership and significant achievements as the head of the institution.

Also, Adama Coulibaly, Ivorian Minister of Finance and Budget, expressed Côte d’Ivoire’s deep gratitude to Adesina “for his leadership and the important results achieved” as the head of AfDB.

“At a personal level, I would like to say that you are the heart and soul of this institution.

“Looking at the results achieved, the African Development Bank has come a long way in six decades. Your efforts have helped lift millions of Africans out of poverty.

This is an opportunity for us to celebrate how far we have come and together, face the challenges of building the Africa we want,” Coulibaly said.

As Adesina prepares to pass the baton to his successor, one of his most enduring legacies may undoubtedly be the AIF.

Launched in 2018, the AIF has revolutionised the way Africa attracts investment, fostering a new era of collaboration, innovation, and deal-making.

Some of the participants at the Rabat Market Days told the News Agency of Nigeria (NAN) that AIF has been a game-changer for Africa, providing a unique platform for investors, policymakers, and projects sponsors to converge, network, and close deals.

Lagos State Governor, Babajide Sanwo-Olu, notes that the forum’s impact is evident in several key areas. It has facilitated the closure of numerous high-profile deals, worth billions of dollars.

“These investments are transforming Africa’s infrastructure landscape, from energy and transportation to agriculture and urban development.

“The AIF has mobilised significant investment commitments from global investors, including pension funds, sovereign wealth funds, and private equity firms,” he said.

This influx of capital is helping to bridge Africa’s infrastructure gap and drive economic growth.

The AIF has also played a crucial role in creating new markets and opportunities for African businesses.

During a meeting with Adesina, Gov. Dapo Abiodun of Ogun, also noted that by providing a platform for project sponsors to showcase their initiatives, the AIF has helped to unlock Africa’s vast investment potential.

Abiodun, who had left Nigeria to attend the AiF moments after presenting his state’s budget proposal to the Ogun State House of Assembly, said Adesina’s leadership was the driving force behind the AIF’s success.

“Adesina’s leadership has been instrumental in the AIF’s success. His passion, vision, and relentless drive have inspired a new generation of African leaders, entrepreneurs, and investors.

Under his guidance, the AfDB has become a beacon of innovation and excellence, leveraging cutting-edge technologies and innovative financing models to drive growth and development,” he said.

As Adesina prepares to leave the AfDB, Hassatou Diop-N’Sele, vice president and CFO, AfDB, noted that his legacy would be remembered for generations to come.

According to her, the AIF, in particular, will remain a testament to his transformative vision, leadership, and commitment to Africa’s economic development.

Since its inception in 2018, the AIF has mobilised nearly 180 billion dollars in investment interest.

This is a staggering amount, considering the forum’s primary goal is to bridge Africa’s infrastructure gap and unlock its vast investment potential.

“The AIF’s impact is evident in various sectors, including energy, transportation, and agriculture.

“For instance, the forum has facilitated the closure of several high-profile deals, including a $2.6 billion deal for the Accra Skytrain project in Ghana and a $1.3 billion deal for the Lagos Cable Car Transit project in Nigeria.

“The forum has mobilised nearly 180 billion dollars in investment interest, which is expected to create thousands of jobs and stimulate economic growth.

“The AIF has facilitated the development of critical infrastructure projects, including energy, transportation, and water supply projects,” she said.

By attracting investments and promoting economic growth, the AIF is helping to reduce poverty and improve living standards across Africa.

Overall, AIF has been a resounding success, attracting billions of dollars in investments and promoting economic growth and development across Africa.

One of the participants at the AIF, Tunmise Ayodele, said Adesina’s tenure as President of AfDB has also been marked by several significant legacies beyond the Forum.

Ayodele, who is the Managing Director, Global ENSHET HEIGHTS, listed some of Adesina’s other legacies to include High 5s Development Agenda.

Adesina introduced the High 5s development agenda, a bold and ambitious plan to accelerate Africa’s economic transformation.

The High 5s focus on five critical areas: Light Up and Power Africa, Feed Africa, Industrialize Africa, Integrate Africa, and Improve the Quality of Life for the People of Africa.

According to Ayodele, African Development Fund (ADF) Replenishment is another legacy Adesina will be leaving behind in AfDB.

Under Adesina’s leadership, the AfDB successfully replenished the African Development Fund (ADF), securing $7.6 billion in funding commitments from donors.

This replenishment has enabled the AfDB to continue providing critical support to low-income countries and fragile states.

Ayodele recalled that Adesina also oversaw the establishment of the New Development Bank and the Africa Investment Platform.

“These initiatives have expanded the AfDB’s partnerships and collaborations, enhancing its ability to mobilise resources and support African countries,” he said.

Raouf Mazou, Assistant High Commissioner for Operations at the United Nations High Commissioner for Refugees (UNHCR), noted Adesina’s efforts on Climate Change and environmental sustainability.

He said Adesina had been a vocal advocate for climate action and environmental sustainability.

“Under his leadership, the AfDB has launched several initiatives aimed at promoting green growth, reducing carbon emissions, and enhancing climate resilience,” he said.

He added that Adesina had also prioritised women’s empowerment and youth employment, recognising the critical role these groups play in driving Africa’s economic transformation.

The AfDB has launched several initiatives aimed at promoting women’s economic empowerment and creating jobs for young Africans.

He has also implemented significant reforms aimed at strengthening the AfDB’s institutional capacity and governance.

These reforms have enhanced the bank’s effectiveness, efficiency, and accountability.

These legacies, among others, have cemented Adesina’s reputation as a visionary leader and a champion of Africa’s economic development.

In spite of his numerous achievements, Adesina’s tenure also faced several challenges as president of AfDB.

Adesina implemented significant reforms aimed at strengthening the AfDB’s institutional capacity and governance.

However, these reforms were not without their challenges, as they required significant changes to the bank’s culture, processes, and structures.

Some staff members and stakeholders resisted the changes, which created tension and challenges for Adesina’s leadership team.

In 2020, Adesina faced a leadership challenge when a faceless group within the institution accused him of corruption and abuse of office.

Although, an independent investigation cleared him of all charges, the episode created uncertainty and undermined confidence in the AfDB’s leadership.

US Treasury Secretary Steve Mnuchin personally signed a letter to the AfDB board rejecting an internal investigation that cleared Adesina.

He said: “We fear that the wholesale dismissal of all allegations without appropriate investigation will tarnish the reputation of this institution as one that does not uphold high standards of ethics and governance.”

Barbara Barungi, AfDB’s former lead economist on Nigeria, however, described Mnuchin’s move as significant.

“It has now cast a limelight on governance issues and on the importance of an independent investigation to uphold the integrity of the AfDB.

“There are very few people who were willing to stick their necks out,” she said.

Mr Debisi Araba recalled that it was not surprising to the world that a second investigation was not backed by no African country.

He wondered that: “What does that say about the other countries that have lined up behind the US?”

“He’s due to run unopposed but you want to muddy the waters with this stain of corruption. I believe he will be vindicated.”

On the accusation of Adesina’s preferential treatment for Nigeria and Nigerians, Araba dismissed the talk of the “Nigerianisation of the bank” as false.

He said Nigeria was under-represented in employee numbers despite being the largest shareholder.

Adesina’s tenure also faced other challenges, including Funding and resource constraints; Geopolitical and economic headwinds; and Regional and country-specific challenges.

The AfDB faces significant funding and resource constraints, which limit its ability to address the vast development needs of African countries.

Adesina had to navigate these constraints while trying to maintain the bank’s impact and relevance.

He also had to navigate the challenges posed by global economic trends, climate change, and geopolitical tensions, all of which impact the bank’s operations and effectiveness.

The AfDB’s staff morale and welfare have been affected by various factors, including the reforms, restructuring, and leadership challenges. Adesina had to balance the need for reform with the need to maintain staff morale and welfare.

The AfDB operates in a diverse range of countries and regions, each with its unique challenges and complexities.

Adesina had to navigate these regional and country-specific challenges while trying to maintain the bank’s relevance and impact. (NANFeatures)

****If used, please credit the writer and the News Agency of Nigeria****

Defence/Security , Features

Anti-corruption war: Tinubu, EFCC’s unwavering efforts

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By Isaac Aregbesola, News Agency of Nigeria (NAN)

Corruption, a scourge that has plagued humanity for centuries, has been aptly described as the “deadliest affliction of humanity after terrorism” by Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC).

This stark reality underscores the devastating impact of corruption on societies worldwide as it perpetuates poverty, inequality, and social injustice.

In Nigeria, where corruption has long been a pervasive problem, the government has declared an all-out war on this menace, with the EFCC at the forefront of efforts to combat it.

The appointment of the Olukoyede by President Bola Tinubu as the EFCC Chairman, thus showed a demonstration of renewed commitment to tackling this scourge.

This step brought to fore the statement by an anti-corruption crusader and rights activist, Femi Falana, who once said, “the fight against corruption is a fight for the soul of Nigeria”.

The deliberate choice of Olukoyede, a seasoned expert in combating fraud, to lead the anti-corruption efforts, set the tone to achieve this goal, as the Latin phrase “ex nihilo nihilo” suggests – nothing comes from nothing.

In other words, the achievements that followed weren’t mere coincidence. The impressive track records of the EFCC in its anti-graft war more than a year ago, under Olukoyede’s leadership, are a testament to the effectiveness of his appointment.

Under his leadership, the commission has made significant strides in tackling corruption, with a renewed focus on strengthening institutions, promoting transparency, and holding accountable those who engage in corrupt practices.

The commission has been at the forefront of the anti-corruption battle, working tirelessly to investigate, prosecute, and recover proceeds of corruption.

In the last one year, corruption and corrupt practices have reduced drastically, as hell is being let loose on those indulging in sharp and corrupt practices in the country.

The entire nation is lauding the EFCC’s fresh approach, which is in compliance with the international standards, to fighting corruption.
Even the toughest critics would agree that the EFCC’s track record shows that the government is making real progress in its fight against corruption.

The EFCC has undergone significant changes, and the results are already showing. Foreign investors are taking notice, and the local business community is feeling hopeful.

Notable among the achievements of the anti-graft agency in the last one year is the  record-breaking asset recovery of a 150,500-square-meter estate with 753 duplexes and other apartments in Abuja.

The achievements, according to Olukoyede, also include recovery of  over N248 billion, 105 million dollars and the securing of  3,455 convictions.

The commission within the year recovered N248, 750,049,365.52; $105,423,190.39; £53,133.64; €172,547.10; T1,300.00 Indian Rupees and CAD $3,400.00 Canadian Dollars.

It also recovered ¥74,859:00 Chinese Yuan; AUS $ 740:00 Australian Dollars; 170:00 UAE Dirham; 73,000:00 Korean Won; CFA 7,821,375:00 and R 50:00 South Africa Rands.

On asset recovery and return, the EFCC on Sept. 6, handed over to the Royal Canadian Mounted Police (RCMP) the sum of $180,300  and 53 vehicles, being assets recovered for Canadian victims of Nigerian fraudsters.

Also, to show its strong teeth against corrupt practices, a serving Minister of Humanitarian Affairs and Disaster Management, Betta Edu was suspended over alleged corruption for proper investigation.

She was suspended alongside the Chief Executive Officer of the National Social Investment Programme Agency, Halima Shehu, while some former ministers are also being investigated.

In the same vein, a former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is being prosecuted over alleged multibillion naira frauds.

Similarly, the erstwhile Minister of Power and Steel Development, Olu Agunloye and ex-Minister of Aviation and Aerospace Development, Hadi Sirika are facing  prosecution.

Others are former Anambra governor, Willie Obiano;  former Kwara governor, Abdulfatah Ahmed; former Kogi governor, Yahaya Bello, former governor of Delta, Ifeanyi Okowa, and other former state and non-state actors are facing trial by the EFCC.

The commission has also realised that preventing corruption is more effective and cost-efficient than trying to combat it after it has taken root. To achieve this, the commission has established a new department called Fraud Risk Assessment and Control (FRAC).

FRAC’s mission is to identify vulnerabilities to corruption in government Ministries, Agencies, And Departments (MDAs), and to implement preventive measures.

One area of focus for FRAC is the contract and procurement processes in government institutions, which has been breeding grounds for corruption.

The commission has requested anti-corruption plans from these institutions, including the Presidency, National Assembly, and judiciary, to ensure that their processes are transparent and corruption-proof.

The EFCC has also put in place systems to track contracts and prevent the abuse of anti-corruption structures in public and private institutions. These practical measures demonstrate the EFCC’s commitment to preventing corrupt practices.

Overall, the EFCC’s new approach is yielding positive results. With the FRAC department in place, the EFCC is well-equipped to prevent corruption and promote a culture of transparency and accountability.

The anti-graft agency has also been aggressively fighting internet fraudsters, and its efforts have been highly effective. This success has made it difficult for critics to find fault with the commission’s work.

The EFCC has investigated and prosecuted a wide range of individuals and organisations, including internet fraudsters, politicians, business leaders, and government officials, demonstrating its commitment to fairness and impartiality.

In its effort to fulfill its mission, the EFCC has made significant changes to its approach. Today, the commission is more modern, humane, and professional in its operations, particularly when it comes to arrests and bail procedures, without compromising its professionalism and credibility.

This new approach marks a significant shift towards a more effective and sustainable way of combating corruption and financial crimes.

The onslaught against internet fraudsters is on the increase, this includes arresting 792 suspects in a day including 192 foreigners during a clamp down on largest cyber crimes centers in Abuja.

The Special Task Force against Naira Abuse and Dollarisation of the Economy has been working tirelessly to curb currency racketeering, securing over 50 convictions across various sectors of society within the first year of the current administration.

However, the EFCC has faced challenges, including fierce resistance from corrupt individuals and groups in the last one year plus.

Notable among them was the court case instituted by some state governors to scrap the agency, which was quashed at the Supreme Court.

This opposition is expected, as it underscores the commission’s effectiveness in combating corruption. Yes! It is public knowledge that corruption will definitely fight back viciously.

Every opposition to anti-corruption work is an affirmation of its potency and impact. Fortunately, the EFCC has received robust public support, demonstrating that Nigerians inherently reject corruption.

As Olukoyede aptly puts it, “Nigerians are not fundamentally corrupt. It is the operating systems that are breeding corruption!”

This sentiment echoes the widespread disillusionment with corruption and the desire for change. With the EFCC on track and public support growing, the prospects for a corruption-free Nigeria are becoming increasingly brighter.

Overall, the EFCC’s efforts have silenced its critics and demonstrated its effectiveness in fighting corruption. With the government’s support, the commission will continue to make significant strides in this fight.

However, some anti graft-experts opined that the agency needs to improve on its operations in certain areas, which include the rate of successful prosecutions and convictions of fraudsters other than internet, as well as reducing the number of cases that are dismissed or withdrawn.

It should also address the allegations of selective justice, ensure transparency within and corruption-free as well as addressing any internal corruption allegation promptly.

The anti-graft agency should also ensure whistleblowers and witnesses’ protection and also enhance public engagement and education as well as improving investigation techniques and forensic analysis.  (NANFeatures)

**If used please credit the writer and News Agency of Nigeria

 

 

 

 

Features

Assessing Yobe’s post-conflict economic recovery programmes

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Assessing Yobe’s post-conflict economic recovery programmes

By Rabiu Sani-Ali, News Agency of Nigeria (NAN)

Yobe located in north-east Nigeria is being ravaged by the Boko Haram insurgency, desert encroachment and other environmental challenges, a trend inhibiting sustainable social and economic development of the state.

With an estimated population of 3.6 million according to 2022 official records, over 75 per cent of the people engage in farming and animal rearing.

A substantial number of the inhabitants are engaged in local commercial activities leading to proliferation of village markets across the state.

Trading activities mainly on agricultural produce and livestock, especially in Potiskum, Nguru, Geidam, Yusufari, Gashua and Damaturu attract entrepreneurs from neighbouring states, as well as Niger and Chad.

Potiskum is one of leading cattle markets in West Africa, which suffered the brunt of the insurgents’ attacks in the past 10 years.

However, Yobe is not faring well in terms of the much-needed Internally Generated Revenue (IGR) to stimulate infrastructure development to herald industrial and economic growth in spite of huge trade existing in major towns inYobe.

Yobe’s IGR in 2022 was N10.5 billion, making it one of the three lowest-performing states in Nigeria. The IGR has increased from N4.375 billion in 2018, to N8.515 billion in 2019, and N10.5 billion in 2022.

The improvement in IGR is attributable to the tax reforms being implemented by Gov. Mai Mala Buni since assumption of office in 2019.

To further build a sound foundation for rapid economic transformation, Buni initiated viable infrastructure development projects, agriculture and business support as well as youth and women empowerment programmes.

Postiskum

Potiskum modern market

The programmes, an integral part of the post-conflict recovery process, are designed to provide livelihoods, create jobs, reduce poverty and enhance wealth creation in the society, while encouraging industrial growth through public private partnerships.

To actualise his drive to transform the state’s economy via improved trade, the government constructed four modern markets with 3,200 shops in Potiskum, Damaturu, Nguru and Gashua.

Each of the markets was designed with 800 shops; 28 stores, a police station, parking slots, dumping sites, road network, a fire fighing unit, an administration block, etc.

An entrepreneur, Hashim Bomoi, said the establishment of the markets significantly provided an enabling environment for businesses to thrive.

He said the gesture would also boost trading activities and improved state’s revenue base.

In 2023, the Yobe government expended several billions of Naira on procurement and distribution of fertilisers, inputs, and equipment to small holder farmers across the 17 local government areas of the state.

More than 17,500 farmers each received fertilisers, seeds, chemicals, a planter, a power tiller, and knapsack sprayer, while a fleet of tractors and harvesters had been launched under a subsidised hiring scheme, to encourage agric mechanisation and boost productivity.

To encourage productivity, agriculture value addition, processing and export of cash crops, the Buni administration accomplished yet another milestone project by constructing a cargo airport, to ease transportation of agricultural produce and woo investors to the state.

Buni distributes free inputs/equipment to farmers

It has also completed the construction of a six-tonne per hour capacity sesame aggregation and processing plant in Machina town, while works on three other plants were at various stages of completion at Nguru, Potiskum and Damaturu.

Alhaji Kaigama Umar, Commissioner for Commerce, said that, “this is necessary because Yobe is a leading sesame producer in the country.

“The idea behind the establishment of sesame seed cleaning, processing and packaging factories was conceived by Mai Mala Buni shortly after assuming office.

“Factories like this accelerate industrialisation, which will help our farmers and enhance our IGR,” he said.

According to him, Yobe is the largest producer of sesame in the country, noting that the produce is being cultivated in a commercial quantity in Geidam, Yunusari, Nguru, Machina, among others.

He said sesame farmers in the areas would no longer have to travel to Kano to process their crops as the factory would be at their doorsteps.

“We are also inviting sesame farmers outside the state to come and take advantage of the facility,” he said.

The Buni administration prioritised promoting partnership with development partners, federal agencies and private sector to accelerate industrialisation of the state.

Fleet of tractors/harvesters

In this regard the state government has allocated 300 hectares of land to the Nigeria Export Processing Zone Agency (NEPZA), to support its activities, and establish its office close to the cargo airport.

“You should ensure efficient and speedy use of the land to enhance development.

“Government deliberately allocated the land to the agency close to the Cargo Airport, to stimulate trade and business activities in the state.

“You have great role to play in promoting export of agricultural produce including sesame seeds, gum arabic, livestock and other crops that are produced in great commercial quantities in the state,” Buni said while presenting Certificate-of-Occupancy to the NEPZA, Executive Secretary, Usman Bakori.

To further propel its development programme, the state entered into a similar partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), to enhance job creation for unemployed graduates.

Buni, who has expressed worry and shared the pain of unemployed youths, reiterated commitment to securing employment opportunities to the unemployed graduates, to enable them to meet the expectations of their families and live their lives with dignity and prosperity.

The government, therefore, began massive recruitment of unemployed university graduates, diploma holders, and National Certificate of Education graduates across the 178 wards in the state.

Buni believed that the youths trained by the state in various trades were not only gainfully employed but also employers of labour.

“This partnership occupies a very special place in the heart of our administration, and we are committed to secure more jobs for our youth.

“The government will explore the potential in each of the 17 local government areas to provide means of livelihood and economic prosperity to our youth,” he said.

Farmer support programme

Also, the Director-General of SMEDAN, Mr Charles Odii, said the agency would partner the state towards providing employment opportunities for unemployed graduates.

“SMEDAN will drive, stimulate and coordinate development of Micro, Small and Medium-scale Enterprises (MSMEs) in Yobe state, to promote self-sufficiency.

“The partnership will provide the benefitting graduates with skills to accelerate self-employment for economic prosperity,” Odii said during a visit to Buni.

While consolidating on the gains of partnership with SMEDAN, the Buni administration sealed another cooperation agreement with the Arab Bank for Economic Development (BADEA) on energy and agriculture development.

This followed successful negotiations, which focused on job creation and enhance security and infrastructure in the state.

The agreement seeks to encourage agricultural productivity, vocational training, infrastructural and energy development, as well as quality education and healthcare service delivery, and security to safeguard the environment.

Buni, who spoke at the signing of the agreement, said that, “we are passionate about agriculture being the major preoccupation of our people to improve food sufficiency, food security and economic development.

“Vocational training for our youth is another key sector to provide employment opportunities and economic growth in our reconstruction and recovery programme.

“The state government is also committed to improving the infrastructure to enhance socio-economic development in our quest to recover from the destruction by insurgency”.

He added that in spite of his administration’s huge investment in education, the sector still required more support in view of its capital intensive nature.

Dr Sidi Tah, the president of the bank, expressed satisfaction with the efforts made by the state government in the reconstruction, rehabilitation and recovery efforts after decades of Boko Haram insurgency.

“We are impressed with your efforts and commitment to improving the lives of your people, we are ready to partner with your state to improve on the achievements made,” the president assured.

Experts are of the view that the Yobe government needs to initiate comprehensive tax administration reforms, to block leakages and boost state revenue base, to sustain the feat so far achieved in the economic recovery process. (NANFeatures) (www.nannews.ng)

**If used please credit the writer and News Agency of Nigeria

Features

Responding to Nigeria’s Mine collapse crisis

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By Martha Agas

In 2024, Nigeria recorded several incidents of mine collapses, where scores of miners were trapped in pits.

Many sustained severe injuries or lost their lives, while others were fortunate to be rescued.

In the second half of the year, three major incidents were reported in Niger, Adamawa, and Plateau states.

In June, 30 miners were trapped in a collapsed mining site at Galkogo community in Shiroro, Niger state.

In November, more than 30 miners were buried in a similar incident at the Gashaka-Gumti National Park, which stretches across Adamawa and Taraba states with 22 reportedly killed.

In the same month, 13 miners were killed in a collapsed mine site in Plateau.

Analysts have largely attributed the situation to the activities of artisanal and illegal mining, where standard regulations were often ignored.

They also noted that the use of outdated equipment, lack of professionalism, and the neglect of safety measures contributed to the disaster.

The collapses were described as risks for which operators should have prepared contingencies.

Following these developments, the Minister of Solid Minerals Development, Dele Alake, stated that technical reports from field inspections indicated a lack of professional expertise in mine development among artisanal miners.

The report further revealed that illegal miners were primarily responsible for the frequent pit collapses.

Also, Dele Ayankele, the National President of the Miners Association of Nigeria (MAN), has revealed that illegal mining was a major threat in mining operations, even in more advanced regions.

Simply put, for the mining industry to thrive and become attractive for major players to invest in, there is an urgent need to sanitise the sector.

Experts say this can be achieved by enforcing standard practices and addressing illegal mining, which has been identified as the primary cause of the collapses.

In addition to these factors, challenges such as a lack of quality geological data and insecurity could hinder President Bola Tinubu’s efforts to revitalise the sector.

These issues may also limit its potential to contribute significantly to the country’s Gross Domestic Product.

It may be recalled that President Bola Tinubu, upon taking office, declared his commitment to revamp the sector with the aim of improving Nigeria’s economic profile.

The solid minerals minister stated that the sector is targeting to contribute 50 per cent to the nation’s GDP.

Meanwhile, the country must leverage the energy transition and its possession of critical minerals to drive sustainable development.

Stakeholders have acknowledged the minister’s efforts in marketing the sector’s potential at various local and international forums.

They, however, noted that in addition to the move, particularly offering incentives for investors, the government must also address the sector’s challenges to achieve this goal.

To tackle the issue of collapses, stakeholders have called for increased manpower in the sector’s regulatory bodies to ensure compliance with safety measures.

The Miners President emphasised the need to strengthen the manpower of regulatory bodies deployed to mining sites to ensure compliance with safety standards.

He further highlighted the importance of implementing strategic measures to address such incidents and protect both lives and assets.

He urged the government to invest more in improving the human and logistical capacities of the regulatory bodies.

“We counsel mine owners to adhere to the principles of mining best practices in their operations and avoid the temptation to hurriedly get to the levels of the ores without observing minimum operational standards and procedures.

“It is also imperative for the Federal Government to listen to our passionate appeals on the need to invest more to improve the human and logistic capacities of the regulatory bodies.

“In a situation where you have one federal mines officer in a state like Niger, which is equal in size to about five others, with almost zero facilities and field staff for site inspection that would have nipped impending disasters in the bud, what do we expect?

“It is also important that Nigeria small scale mining lease holders need affordable and purposely structured funding interventions to upscale their games, ’’he said.

According to the president, such an intervention will enable mine owners to hire the necessary professionals, and acquire equipment to ensure their operations comply with minimum operational standards, thereby avoiding disasters.

Experts have also recommended measures such as enforcing standard procedures, providing training and capacity building for miners and operators, and adopting modern technology.

Other suggestions include improving emergency preparedness and conducting environmental impact assessments.

Earlier in the year, the Minister of Solid Minerals announced a policy requiring mandatory remedial measures for mining pits as part of the criteria for applying for mining licenses.

The move aimed at minimising incidents such as the collapse of the mining site in Niger.

While responding to the pit collapse in Gashaka-Gumti National Park, Alake also urged relevant local authorities nationwide to increase surveillance in order to monitor and curb illegal mining activities within their jurisdiction.

“To forestall a recurrence, local government authorities should pay more attention to illegal mining activities within their areas,” he said.

He said that the local authorities should work with the state offices of the ministry, to ensure they aligned with the early warning systems put in place to combat illegal mining.

The minister also urged more collaboration between stakeholders in the solid minerals sector to address the menace and curb incidents of mine collapses.

He urged miners to stop endangering their lives through illegal mining and instead form cooperatives to gain legal status.

He added that after establishing the cooperatives, they should approach the ministry for assistance in obtaining mining licenses and permits to operate legally.

While technical inputs have been recommended to address the menace, economic analysts have expressed fear that mining sites will continue to pose a danger due to the high poverty rate in Nigeria.

Currently, it is estimated at 38.9 per cent in 2023.

They noted that massive crowd often gather in mining areas to take up menial jobs, disregarding the threat to their safety due to their financial difficulties.

According to a report, mining communities are experiencing a rise in out of school children due to their pursuit of quick cash through mineral exploration and other activities within the value chain.

This situation highlights the urgent need for the government to address the country’s economic quagmire to improve the standard of living for its people.

While mining stakeholders commend the Tinubu administration’s efforts to secure mining sites through the establishment of Mining Marshals, they anticipate further progress in 2025.

Among their expectations is a huge reduction in environmental and human hazards, which would foster the sector’s development.

These improvements, they believe, will support the success of the administration’s reform policies, contributing to long-term growth and sustainability in the mining sector.

Ultimately, they aim to prevent mine pit collapses. (NANFeatures)

**If used, please credit the writer and the News Agency of Nigeria.

Features

Understanding the airpower influence on counter-terrorism operations

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By Sumaila Ogbaje, News Agency of Nigeria (NAN)

Airpower has played a significant role in Nigeria’s counterinsurgency operations, particularly in the northeastern part of the country.

The Nigerian Air Force (NAF) has been instrumental in providing air support to ground troops, conducting reconnaissance missions, and carrying out airstrikes against terrorist targets.

The NAF has also invested in acquiring new platforms, such as the T-129 ATAK helicopters, which have enhanced its operational capabilities. These helicopters have multirole capabilities and are durable with cost-efficient maintenance protocols.

Airpower has been critical in supporting the fundamentals of counterinsurgency warfare, including intelligence, surveillance, and reconnaissance (ISR) missions.

It has also enabled the Nigerian military to respond quickly to emerging threats and to conduct operations in remote and inaccessible areas.

The Air Component of the various operations had during the year under review, executed deadly and targeted air strikes on several terrorists’ enclaves and criminal hideouts killing several of them.

The most recent are the devastating airstrikes that destroyed gun trucks, neutralised several fighters and recovered over 20 abandoned motorcycles while pursuing wounded and fleeing terrorists in the Kukawa axis of Borno.

The Director, Public Relations and Information, Air Commodore Olusola Akimboyewa, said that another of such operations led to the destruction of terrorists’ food depot at Jubillaram in the Tumbuns area of Lake Chad Basin in November.

He said the location served as a critical food storage site and a sanctuary for terrorist commanders and fighters, adding that intelligence had previously linked terrorists in the location to recent attacks, including the assault on troops in Kareto on Nov. 16.

However, airpower alone is not sufficient to win a counterinsurgency campaign. It must be integrated with ground operations and other elements of national power to achieve success.

The Nigerian military has recognised this and has been working to develop a more comprehensive approach to counterinsurgency operations.

However, there are key challenges and opportunities such as integrating airpower with ground operations hence the increasing need for the military to continue to work on integrated operations to achieve optimal results.

Also, addressing civilian casualties has always been a challenge that requires the military to take steps to minimise it and ensure that airpower is used in a responsible and discriminate manner.

There is also the need to develop a comprehensive counterinsurgency strategy that integrates airpower with other elements of national power.

In the overall, airpower has played a significant role in Nigeria’s counterinsurgency operations, and its influence is likely to continue to grow in the future.

The NAF had a remarkable year in 2024, with significant aircraft acquisitions to boost its operational capabilities.

Some of its new acquisitions are 12 advanced aircraft, including two KA-360i aircraft, four DA-62 aircraft, four T-129 helicopters, and two AW-109 Trekker helicopters.

It is also expected that before the end of 2024, the NAF will take additional deliveries of two T-129 helicopters and one KA 360i aircraft.

According to the Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, the NAF is set to receive 10 AW-109 Trekker helicopters, 24 M-346FA aircraft, and three CASA – 295 aircraft, as well as 12 AH-1Z attack helicopters in the coming year.

Abubakar also disclosed that the service had increased its effort in fleet modernisation, aimed at enhancing its operational readiness and capabilities.

He recently disclosed that the NAF had acquired a total of 64 brand new aircraft in about three years, with plans to receive an additional 38 platforms in 2025.

The air chief said that a review of their key performance indicators shows that, between June 2023 and September 2024, the NAF conducted 8,665 missions in 9,928 sorties within 15,915 flying hours.

This, according to him, underscores the magnitude of the relentless efforts of our personnel in all theatres of operations including Operations Hadin Kai, Fansan Yamma, Delta Safe, Safe Haven, AWATSE, UDO KA and Whirl Stroke, commending all Air Component Commanders for their exceptional leadership and outstanding performance.

Abubakar said that NAF had gained significant mileage in the area of training during the year, stating that 405 airmen and 186 officers completed various foreign courses, seminars and trips, while 64 are currently on-going.

He added that 5,474 and 1,331 personnel had also completed and were undergoing various local training courses, respectively.

According to him, from January to November 2024, the service has trained 54 Pilots abroad and 43 Pilots locally, while 16 UAV operators were trained locally.

The CAS said the NAF also achieved a commendable milestone in the area of safety in 2024 by recording zero manned-aircraft accidents, a testament to the positive outcomes of its continued investment in safety.

There is no gainsaying that the airpower has provided impetus for the successful military operations in confronting the myriads of security challenges bedevilling our great nation Nigeria.  (NANFeatures)

**If used, please, credit the writer as well as News Agency of Nigeria (NAN)

Features

Public-Private Partnership regulation effective driver of economic growth

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By Chijioke Okoronkwo, News Agency of Nigeria (NAN)

By many accounts, Public-Private Partnership (PPP), if properly harnessed, can be a veritable driver of economic growth.

Nonetheless, experts say proper regulation is paramount in order to achieve efficiency in PPP arrangements.

Recently, the Federal Government directed that all PPP agreements should adhere to the Infrastructure Concession Regulatory Commission (ICRC) Act and its guidelines..

The directive mandated all Ministries, Departments and Agencies (MDAs) to comply with the National Policy on PPP (N4P) and the ICRC Act of 2005 in their 2025 budget proposals concerning PPP arrangements.

The government directed all MDAs to ensure that they align with the provisions of the ICRC Establishment Act (2005) in the preparation and submission of their respective 2025 budget proposals as it relates to PPPs.

“Signing PPP-related Memoranda of Understanding (MoU), Memoranda of Association or contract instruments without following the provisions of the ICRC Act constitutes a violation of the law,’’ the directive reads in part.

The ICRC Act states inter alia: “As from the commencement of this Act, any Federal Government Ministry, Agency, Corporation or body involved in the financing, construction, operation or maintenance of infrastructure, by whatever name called, may enter into a contact with or grant concession to any duly pre-qualified project proponent in the private sector.

“This is for the financing, construction, operation or maintenance of any infrastructure that is financially viable or any development facility of the Federal Government in accordance with the provisions of this Act.

“This Act applies to investment and development projects relating to any infrastructure of any Federal Government Ministry, Agency, Corporation or body.

“Every Federal Government Ministry, Agency, Corporation or body shall prioritise its infrastructure projects and such priority projects may be qualified for concession under this Act.

“The projects mentioned in Subsection (1) of this Section shall be submitted to the Federal Executive Council for approval on the recommendation of the relevant Sector, Ministry or Agency prior to entering into any contract under Section 1 of this Act.

“In entering into any contract or granting any concession under Section 1 of this Act, the Federal Government Ministry, Agency, Corporation or body shall ensure that the project proponent possesses the financial capacity, relevant expertise and experience in undertaking such infrastructure development or maintenance.’’

Stakeholders are of the view that to optimise the benefits of PPP, all requisite regulatory frameworks must be adhered to, just as the ICRC is staying the course.

Dr Jobson Oseodion Ewalefoh, Director-General, ICRC, on assumption of office  in July, vowed to streamline processes required to deliver Public Private Partnerships (PPP) projects.

This is with a view to accelerate infrastructure development and bridge the attendant gaps and stimulate the economy.

He spoke at a strategic retreat held in Uyo, Akwa Ibom , where he rolled out a six-point policy direction as the new helmsman of the ICRC.

Ewalefoh, said his policy direction aligned with President Bola Tinubu’s charge, added that because of infrastructure gaps in Nigeria, PPP was required in every sector; hence the need for critical steps in advancing its delivery.

He listed the key points of his policy direction to include: Innovative Financing, Service Delivery Optimisation, Project Categorisation, Time Bound Delivery of Projects, Inter-Agency Collaboration as well as Strategic Partnerships.

“With the gap that we have in Nigeria, we need PPPs in almost every area and PPPs go beyond building infrastructure; service is a very key component of Infrastructure building.

“Even if we don’t build infrastructure, if we optimise the existing ones, what we will get will be novel, and the impact we will create will be so huge.’’

Ewalefoh, who is revved up for action, hinted that he was already in talks with potential investors who were interested in knowing how safe and profitable investments would be as well as a possible timeline for delivering the projects.

Citing the Nigeria Integrated Infrastructure Master Plan (NIIMP), he said that the nation’s infrastructure was weak and required financing to revolutionise the economy.

“I am going to be involved in strategic partnerships; I will work closely with ministers, permanent secretaries and chief executive officers of agencies; I am going to lead from the front on most of these partnerships and collaborations.’’

On service delivery, Ewalefoh said that part of his direction would be to optimise the processes of the commission to focus on service delivery.

On already existing PPP projects, the director-general said that the commission would evaluate all concession contracts to ensure the projects were performing optimally, while ensuring the projects were a win-win for both the private investor and the government.

On project categorisation, the director-general reiterated his desire to categorise projects as a means of ensuring more efficient project delivery within improved timelines.

He said that the commission would, within the ambit of the law, resolve all encumbrances that hampered the execution of projects so long as such projects were bankable and viable, important to the Nigerian people and delivered value for money.

In line with a presidential directive, Ewalefoh said that ICRC would begin the issuance of the Outline Business Case (OBC) Certificate of Compliance and the Full Business Case (FBC) Certificate of Compliance within seven days.

More so, in compliance with ICRC’s mandate, Ewalefoh said that the commission would pursue to logical conclusion all PPP projects that had long been approved by the FEC but had yet to commence.

The director-general gave the assurance at a meeting with the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.

Ewalefoh informed the minister that some of the pioneer PPP projects approved as far back as 2006 were under the purview of the ministry and would be re-evaluated.

In his submission, Oyetola attributed most of the projects that had stalled to lack of access to financing due to the dearth of capacity of the private parties.

The aviation sector is one area where effective implementation of PPP could prove vital.

In its bid to unlock the economic potential of the aviation sector through PPPs, the Federal Government has established task forces in ICRC and the Ministry of Aviation.

This was the outcome of Ewelafoh’s courtesy visit to the Minister of Aviation and Aerospace Development, Mr Festus Keyamo.

Ewalefoh, who highlighted the importance of aviation in galvanizing other sectors to foster the economic potentials of the country, said that the commission had set up its task force to fast-track investment in PPPs.

No doubt, the ICRC is not resting on its oars; it has continued to maximise the multi-sectoral nature of its mandate.

Recently, it honoured the Minister of Interior, Dr Olubunmi Tunji-Ojo, as PPP icon for attracting over 500 million dollars investment through PPPs.

Ewalefoh, during a visit to the interior minister, said that the Federal Government, through the ICRC, would conduct an audit of all PPP projects.

This move is to ascertain their performance as well as ensure that all the projects were insured as statutorily stipulated in the Infrastructure Concession Regulatory Commission Establishment Act, 2005.

He is upbeat on the 3.5 billion dollars Bakassi Deep Seaport construction.

Ewalefoh, at a High-level Stakeholders’ meeting said that the construction of the 3.5 billion dollars Bakassi Deep Seaport would commence soon under the administration of Gov. Bassey Otu of Cross River.

He assured that the project will be completed in record time.

Deserving no less attention in the effort to deploy effective PPP implementation for national growth is science and technology, a critical sector.

Ewalefoh, at a meeting with the Minister of Innovation, Science and Technology, Mr Uche Nnaji, said the Federal Government would consider using private sector funds through PPP as an option for certain key projects in the sector.

Nnaji, on his part, said that his ministry served as a key enabler of economic growth.

Both parties expressed optimism that ICRC would partner the ministry in doing things right and enabling it to forge a better outlook for most of its projects.

More so, Ewalefoh weighed in on the implications of PPP for the nation’s struggling power sector.

He spoke as a high-level panelist at the recently concluded 30th anniversary of the Nigerian Economic Summit Group (NESG) with the theme, “Accelerating Infrastructure Development.’’

Ewalefoh said that PPP can solve the infrastructure challenges being experienced in the power sector.

He said that PPP was the best option to build new power infrastructure and also optimise existing ones.

“We have a lot of infrastructure gaps in Nigeria today across all the sectors from transportation, energy, health, housing and other sectors.

“The only way we can bridge the infrastructure gaps that we are having in this country is to harness private sector finance and expertise in building and managing infrastructure,’’ he said.

Still on power, Ewelefoh recently deliberated with the Minister of Power, Chief Adebayo Adelabu, on critical PPP issues on the sector. Abuja.

The ICRC boss said that plans were underway by the Federal Government to source from the private sector, part of the 10 billion dollars required to provide regular electricity across Nigeria within the next five to 10 years.

The duo agreed that in view of the funding and technology required to advance the sector, it had become imperative to seek private sector input through Public Private Partnership (PPP).

In his response, Adelabu commended the D-G for the initiative to visit the ministry with the proposal of advancing investment in the power sector through PPPs.

“For us to achieve 24 hours power supply across Nigeria in the next 5 to 10 years, there is a minimum funding requirement of about 10 billion dollars in the next 10 years.

“The government cannot afford that, when there are other critical sectors in need of funding,’’ he said.

The maritime sector is not left out.

The ICRC has also shown commitment to synergising with the Nigerian Maritime Administration and Safety Agency (NIMASA) to unlock PPP potential in maritime sector

According to Ewelefoh, the potential for NIMASA is huge and untapped; hence, the need for collaboration.

ICRC also recognises the importance of insurance in PPP.

Against the foregoing, ICRC has partnered the National Insurance Commission (NAICOM) to mandate concessionaires of government assets to procure insurance covers for the assets under PPP arrangements.

Worthy of note, critical stakeholders at the sub-national level have also underscored the pivotal role PPP plays in national growth.

The Nigeria Governors Forum (NGF) recently called for collaborative efforts to scale up PPPs to address the infrastructure gap in Nigeria.

AbdulRahman Abdulrazaq, Governor of Kwara, and Chairman of NGF, made the submission at the 2nd Joint PPP Units Consultative Forum (3PUCF) and the Nigeria PPP Network (NPPPN).

Abdulrazaq, represented by Abdulateef Shittu, Director-General, NGF said that there was a 100 billion dollars infrastructure deficit at the subnational level.

“Overall, at the federal and state levels, we have over a 200 billion dollars infrastructure deficit, and because the government cannot foot the bills alone we need collaboration from the private sector,” he said.

Stakeholders say the worthwhile regulation as being provided by ICRC is fundamental to maximising the enormous potential of PPP for national growth and development (NANFeatures)

**If used please credit the writer and News Agency of Nigeria

Features

Counting the gains of President Tinubu’s economic renewal

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By Mohammed Idris

As the first full year of President Tinubu’s administration, 2024 has come with its unique share of challenges and triumphs. As we look back at the ongoing year, this is the perfect time to reflect on the President’s vision for a transformed Nigeria and how 2024 has provided numerous opportunities to manifest that vision.

On so many fronts, the outgoing year has brought significant policy and legislative milestones that are helping to cement the very foundations of the President’s grand vision for Nigeria.

Take the examples of the Students Loan Fund and the Consumer Credit Corporation, two institutions targeted at putting more resources in the pockets of the Nigerian people, empowering them to turn their dreams into opportunities.

With the Students Loan Fund, we are seeing, for the first time in decades, Nigerian students at tertiary level, getting targeted federal assistance to pursue their academic ambitions, through long-term loans (and stipends) that are designed to not be burdensome in any way.

In less than one year, more than 300,000 Nigerian students have already benefited.

With the Consumer Credit scheme, we are seeing affordable financing being made available to workers, to enable them afford life’s necessities. Every developed country is built around a functioning credit system that fuels consumer spending and translates into economic growth.

Nigeria is now finally on that path.

Also in 2024, we also saw the first steps in the implementation of a new electricity framework in the country, conferring the State governments with greater agency and responsibility.

Building on a recent constitutional amendment, the President signed into law the 2024 Electricity Act that is now guiding a pioneering set of States into rolling out their own regulated electricity markets.

Indeed, for Nigeria to be truly able to achieve economic development, we must allow the subnational governments more room for real economic impact.

With the new Electricity Act, States can now play a much bigger role in attracting investments into on-grid and off-grid solutions, ensuring that more electricity gets to more Nigerians.

This concept of giving more power and opportunities to the States is one of the defining governing philosophies of President Tinubu – as Governor of Lagos two decades ago he was one of the leading advocates of true federalism in Nigeria.

Now, as President, he has not abandoned those ideals.

In July 2024 we saw the landmark ruling by the Supreme Court, empowering local governments to an extent we have not seen in our recent history.

The President has since empaneled an Inter-Ministerial Committee that will ensure the full enforcement of that judgement.

For the state governments, President Tinubu’s economic reforms have triggered a dramatic surge in revenues, which is allowing the States to do more for their people.

The last FAAC meeting saw the sharing of a record 1.727 Trillion Naira amongst the three tiers of government; these resources are meant to deliver bigger dividends of development to Nigerians.

For those who have taken the effort to be familiar with the ongoing tax reforms, the Bills currently before the National Assembly also represent another fiscal boon for the subnational governments, with the Federal government choosing for example to take an even smaller portion of VAT than it currently gets.

The Presidential Initiative on CNG marked its first year of implementation recently, with the number of vehicle conversion centers in the country rising from fewer than 10 to more than 120.

The goal is to make CNG a fuel of choice for private and commercial transportation in Nigeria, bringing down costs by as much as 50 to 60 per cent.

We are already seeing enthusiastic uptake of the initiative, and the government is supporting this by way of fiscal incentives and subsidized conversions.

The year is closing with the massive news of the final investment decision (FID) by Shell and its partners on the Bonga North deep offshore oil project, which is Nigeria’s first deep offshore FID in over a decade.

This FID was preceded by the one by Total and NNPC Limited on the 300 million cubic feet per day Ubeta gas project.

Together these two projects represent over 5 billion dollars in investment value.

These long-awaited investment decisions have now finally happened because the investors behind them can see, from the President’s policies and actions, that Nigeria is truly serious and ready for oil and gas investment.

A series of presidential directives issued at the beginning of 2024 have unleashed the biggest wave of investor interest in our country’s energy sector in a while.

In 2024, our security forces neutralized more than 8,000 terrorists and bandits, and arrested 11,600 others, with more than 10,000 weapons recovered.

Additionally, about 8,000 kidnap victims were successfully rescued.

The goal is to keep driving down the numbers of victims, while scaling up efforts to make crime and criminality unattractive in Nigeria.

On the foreign affairs front, the 2024 has been a most encouraging year, despite several challenging geopolitical developments around the world, including in our corner of West Africa.

This year Nigeria was awarded the hosting rights for the new African Energy Bank, which will prove to be game-changing for energy financing in Africa.

As we reposition ourselves to be a global energy hub, this is a most fitting complement.

Nigeria is asserting itself as a country that cannot be ignored on the global stage.

In 2024, President Tinubu hosted heads of State and/or government from India, the world’s largest democracy, and from Germany, Europe’s largest economy.

He was welcomed on a State Visit to France, at a very exciting time in the history of mutually-beneficial relations between Nigeria and France.

Nigeria was specially invited to the G20 Summit for the second consecutive year, and we forged deeper relations with South Africa through our joint presidential binational commission.

As we step into a new year, during which we will mark the second anniversary of the Tinubu Administration, we will surely see even more of the positive outcomes of the President’s reforms, in infrastructure, agriculture, security, healthcare, education, creative and digital economy and many other areas.

The tax reforms, when passed into law and assented to, will cut personal and corporate income taxes for tens of millions of Nigerians, while also expanding VAT exemptions.

Consumer credit and student loans will reach many more people.

Important indices such as foreign reserves position, trade surplus, oil production, and GDP growth are set to continue rising, even as greater work going into permanently taming inflation.

The 2025 budget – the very fittingly-themed “Budget of Restoration: Securing Peace, Rebuilding Prosperity” – is a convincing pointer of the federal government’s commitment to maintaining the positive course in which we are headed as a nation.

We will continue to seek the understanding of Nigerians on this journey of, in the President’s words in the 2025 budget speech, “economic renewal and institutional development.”

The sacrifices will all surely be rewarded, and we shall surely and steadily advance towards our desired destination – a country where a progressively better life will be guaranteed for everyone, regardless of where in the country they happen to reside.

Under President Tinubu’s watch, 2025 will represent a leap forward, towards that deserved destination.

Mohammed Idris, fnipr, is the Minister of Information and National Orientation.

Features

Repositioning VON for greater global impact

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A News Analysis by Mark Longyen, News Agency of Nigeria (NAN)

For the first time in 14 years, the Voice of Nigeria (VON), Nigeria’s sole external radio broadcaster, recently held a strategic management retreat.

The landmark event, with the theme: “VON in the 21st Century: Restrategising for Global Impact,” was spearheaded by its Director General and Chief Executive Officer, Malam Jibrin Ndace.

The event was organised to reflect Ndace’s strategic vision and drive as well as to reflect on the agency’s achievements over the years, realign its strategic priorities, and reposition it as a leader in contemporary global broadcasting.

The Minister of Information and National Orientation, Alhaji Mohammed Idris, who was the chairman of the occasion, while declaring the event open, described 2025 as a critical year for consolidating President Tinubu’s socio-economic and political reforms.

He underscored VON’s role in amplifying the administration’s achievements and fostering global awareness of Nigeria’s developmental strides under President Tinubu.

Idris urged VON to positively project the key achievements of the administration, such as fiscal reforms; empowering state and local governments; progress in the war on terrorism; and providing education loans for Nigerian youth, globally.

“There’s no doubt that 2025 will consolidate Mr President’s Renewed Hope Agenda, which is already yielding significant progress across various facets of our national life.

“The Voice of Nigeria must tell the world that Nigeria is working again.

“We are winning the war on terrorism, banditry, and ethnic conflicts.

“We are providing education loans for our youth and transitioning to sustainable energy solutions,” Idris emphasised.

The minister also stressed the importance of combating fake news, adopting innovative digital technologies, and strengthening Nigeria’s image as a regional and global powerhouse.

Idris commended Ndace for his exemplary leadership, adding that VON was becoming a driving force in showcasing Nigeria’s progress.

He also lauded VON’s dedication to promoting Nigeria’s culture, policies, and achievements to a global audience, especially in the 21st Century.

In his opening remarks, Ndace described the retreat as “a transformative milestone in VON’s history.”

He underscored the importance of innovation, collaboration, and strategic planning, stressing that the event was critical in revitalising VON’s mandate of amplifying Nigeria’s voice on the global stage

Ndace expressed his deep gratitude to President Bola Tinubu for his unwavering support and trust in VON’s leadership.

According to him, the President’s Renewed Hope Agenda has inspired the agency’s mission to showcase Nigeria’s progress and leadership across Africa.

He also lauded the Minister of Information and National Orientation for his pivotal role in reshaping VON’s strategic focus.

Ndace appreciated the National Assembly, fellow heads of sister media agencies, including the News Agency of Nigeria (NAN), Nigerian Television Authority (NTA), Federal Radio Corporation of Nigeria (FRCN), National Orientation Agency (NOA), and the National Broadcasting Commission (NBC), for their unwavering support.

He also outlined his vision for VON, saying it is built on three key pillars – People, Platform, and Partnerships.

On the first pillar, which is the people, he described the workforce as the heartbeat of VON and pledged to foster collaboration, inclusivity, and professional growth.

Recognising the role of younger audiences, he reaffirmed the agency’s commitment to engaging youth and integrating their perspectives into national and global conversations.

On the second pillar, which is platform, the DG stressed the need to modernise, and highlighted ongoing efforts to strengthen VON’s digital presence and upgrade its broadcasting infrastructure.

This, he said, would enable the agency to deliver high-quality and impactful content to a diverse global audience.

On strategic partnerships, Ndace celebrated VON’s recent collaborations with key stakeholders, such as the Tanzania Broadcasting Corporation (TBC) and the U.S. Agency for Global Media (USAGM).

“These partnerships are instrumental to enriching VON’s programming, expanding its reach, and promoting Nigeria’s soft power globally,” the DG said.

Ndace further emphasised VON’s commitment to inclusivity through the production of multilingual content, which reflects Nigeria’s rich diversity.

He said that this was the reason for VON’s recent strategic collaborations with the Ministry of Solid Minerals, the Nigerian Army, and the Nigerian Communications Commission (NCC), among others.

“This is in line with our restrategising efforts to ensure that all Nigerians, regardless of language or location, are connected to the nation’s progress, and for VON to make global impact in the 21st century,” he said.

While stressing the critical role of strategic innovation, Ndace challenged stakeholders to contribute ideas to reposition VON for greater global relevance.

“This retreat marks a new chapter for VON, and together, we will achieve our vision of becoming a leading voice for Nigeria and Africa.

“There is the need for us to leverage cutting-edge technology, enhance digital content delivery, and amplify narratives that project Nigeria and Africa positively.

“This retreat is a call to action for all of us to reimagine VON’s future and reaffirm its position as a pillar of Nigeria’s soft power,” he said.

Ndace expressed confidence that the insights gained from the retreat would set VON on a renewed path toward greater global relevance and impact.

“This retreat reaffirms VON’s commitment to its mandate of providing a strategic framework to enhance its role as Nigeria’s external broadcaster and project the nation’s success stories to international audiences,” Ndace said. (NAN)

Edited by Emmanuel Yashim

Features

LNG: Nigeria’s gateway to global energy

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LNG: Nigeria’s gateway to global energy

 

By Yunus Yusuf

Nigeria stands on the brink of energy transformation with the right collaboration and investment strategies.

This allows the country to realise its full potential in the global energy market while transitioning towards sustainable practices.

The recent World LNG Summit and Awards in Berlin, Germany, highlighted the country’s potential as a major player in the liquefied natural gas (LNG) sector.

The theme, “Achieving the Balance Between Energy Security and Decarbonisation”, resonates well with Nigeria’s aspirations, especially under the President Bola Tinubu’s administration, who emphasises positioning natural gas as a cornerstone of the nation’s energy strategy.

Given the country’s status as one of the largest producers of natural gas globally, the summit provided an essential platform to showcase Nigeria’s untapped reserves and foster international collaboration.

Nigeria has the opportunity to enhance its LNG sector through strategic partnerships with global producers, technology innovators, and financial entities.

Such collaborations can facilitate substantial investment in critical infrastructure, expanding LNG export terminals, and enhancing pipeline systems.

Moreover, embracing advancements in LNG research and technology is crucial as the global market pivots toward sustainable energy solutions.

Addressing the issue of natural gas flaring through innovative technologies and financing strategies was also a significant discussion point at the summit.

This approach not only aligns with environmental goals but can also enhance the country’s reputation in the international energy community.

To further solidify its position as a leading LNG exporter, Nigeria must seek favorable global pricing mechanisms and forge mutually beneficial trade agreements.

The summit also presented credible insight into shifting market trends, including the growing demand for LNG in emerging economies and its future role in developed nations’ energy mixes.

Geopolitically, the disruption caused by Russia’s invasion of Ukraine has led many European countries to seek alternatives to Russian fossil fuels.

Nigeria’s LNG could play a crucial role in Europe’s energy future as the summit offered Nigerian delegates insight into the exploration of new export routes and secure long-term contracts, strengthening its position in the global market.

The summit provided Nigerian companies, including startups, with the opportunity to showcase their innovations in LNG, through exposure and international attraction.

This will accelerate the growth of the domestic LNG sector, boosting both economic prosperity and Nigeria’s standing in the global energy market.

With its vast reserves, Nigeria’s LNG exports have been facing stiff competition from other major producers like Qatar, Australia, and the United States.

The post-summit gains should now include focus on global LNG market dynamics, including pricing, supply-demand projections and emerging market trends.

By tapping into cutting-edge technologies and participating in discussions on the future of LNG, Nigeria can significantly benefit from the knowledge shared at this global event.

Some experts believe that with its LNG potentials, Nigeria is a force to be reckoned with but for challenges such as infrastructure limitations, funding gaps, and regulatory hurdles remain.

Mr Dumnam Dekor, Chairman of the House Committee on Host Communities, underscored the importance of revisiting policies for a better support for host communities, especially those impacted by LNG facilities.

He highlighted the need for comprehensive policy reforms to align with global trends and ensure that LNG benefits are equitably distributed.

Mr Hart Godwin, another Nigerian lawmaker, emphasised the importance of increased investment in upstream energy projects, particularly in deep-water gas production.

He called for a regulatory environment conducive to competition and stressed the need to address security challenges, which affect production costs.

Godwin also praised President Tinubu’s executive order on oil and gas reforms, which includes tax incentives to boost Nigeria’s LNG competitiveness.

Abdulmalik Halilu, Director of Monitoring and Evaluation at the Nigerian Content Development and Monitoring Board, highlighted the importance of regional cooperation in addressing global climate goals.

He stressed that Nigeria must view net-zero ambitions from a continental perspective and adopt regulations that foster cooperation within ECOWAS and Africa as a whole.

On the role of financial institutions in funding LNG projects, Halilu explained that environmental, social and governance (ESG) criteria were not meant to limit development but to ensure responsible field development that minimises environmental harm.

He advised Nigerian companies to focus on developing indigenous capabilities in LNG infrastructure, reducing reliance on foreign expertise.

In the same vein, Mr Olajide Bamidele, a Director at the Federal Ministry of Trade and Investment, emphasised the growing dominance of LNG in global energy markets.

He warned that Nigeria must address the challenges related to competition and climate change.

He called for a national focus on alternative energy sources and strategies to maintain LNG’s position in the market for the next 10 to 20 years.

“As the LNG industry evolves, the summit offers critical insights into the global energy transition.

Nigeria’s participation provides opportunities to modernise its LNG sector, forge strategic partnerships, and tap into technological innovations that will shape the future of global energy.

With its vast reserves and commitment to energy transition, Nigeria is well-positioned to harness the full potential of its LNG industry and become a global LNG powerhouse,” he added. (NANFeatures)

**If used, please credit the writer and the News Agency of Nigeria(NAN)**

 

 

Features

How social media shaped Nigerian expressions in 2024

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How social media shaped Nigerian expressions in 2024

By Folasade Adeniran, News Agency of Nigeria (NAN)

Language is a dynamic tool shaped by interaction, cultural perception, attitudes, and beliefs.

While some see language as a simple system of words, research shows it is a complex set of symbols, expressions, and actions that resonate with specific communities.

In Nigeria, known for its creativity and linguistic diversity, 2024 has seen a surge of new words and phrases popularised through social media.

These expressions are quickly adopted into daily interactions, showcasing the adaptability and creativity of Nigerians.

The year began with the viral slogan ‘no gree for anybody’, translating loosely to ‘don’t back down for anyone’.

This phrase embodies resilience, inspiring Nigerians to stand their ground in all areas of life; religious, academic, professional, and social.

Mass communication expert Ahmed Animashaun noted, “When I first came across the phrase, it motivated me.

“It made me believe that I can be what I want to be, but I was scared that it may cause problems in my interactions if taken wrongly”.

Similarly, agripreneur Jaja Somieibi explained its layered meanings: “It means that if someone does what you don’t like or want, make sure that you get back at the person, probably bigger and better.

“If a person gives you an A, make sure they collect A or AB”.

Counsellor Amina Olalekan offered a more tempered view, saying, “The theme ‘no gree for anybody’ is an indirect way of saying ‘giving up should not be an option’, But if it is taken out of context, it will cause problems for people.

“I understand that to every theme, some people might bring an opposite interpretation, which can lead to toxicity and unruliness, but I believe that at the heart of this slang/theme, it’s a push toward better”.

Another phrase that took Nigeria by storm in 2024 was ‘steeze’.

Originating as slang for effortless style and charisma, steeze has evolved to encompass a broader ethos of composure and self-awareness.

For creative designer Farouq Abdullahi, steeze became a mantra for emotional regulation.

“When I’m on the verge of losing my temper, my friends remind me to ‘maintain steeze’, ‘No fumble’.

“And it went on like that, you know, trying to be composed at all times. Even if someone is trying to take advantage of me, I look for ‘steezy’ ways to handle it,” he shared.

Fashion designer Sylvia Omon, on the other hand, interprets steeze more literally.

“For me, steeze is being stylish, attractive, and standing out. I never knew this word existed until this year, I think April or May. It was a game changer.

“I became intentionally steezy, if that’s a word. It just brought this consciousness of being aware of yourself and the aura you give out.”

The phrase ‘very demure’ has also gained traction, often used to describe someone who is modest, reserved, or composed.

However, Nigerians have added their characteristic flair by exaggerating its usage, transforming it into a humorous compliment or even a subtle critique.

Accountant Favour Osai recounted an amusing encounter while waiting in a bank queue.

“A staff member called me ‘very demure’ for staying calm amidst the chaos. I didn’t know whether to laugh or take it as a compliment.”

Social analyst Onah Reuben drew parallels between ‘very demure’ and ‘steeze’.

“Very demure means being mindful, elegant, and courteous, but steeze means being composed and stylish.

“If you are observant, Nigerians tend to mix these up, thereby making an ordinary English learner and speaker confused.

“But trust Nigerians, they understand themselves, so it’s no issue.”

‘Dey play’, a simple yet impactful phrase, has become a staple of Nigerian slang.

Often used humorously, it serves as a sarcastic retort to someone perceived as unrealistic or overly optimistic.

Artist Sayo Adejare remarked, “I was surprised. I feel it’s not only youths that the slang caught on to. Adults used it too. In fact, as long as you are using social media, that word will sneak into your lips.

“It’s a perfect response to some people’s actions or words, but trust Nigerians to exaggerate it; they can use it as a response to someone who is serious and in touch with reality”.

A teacher, Kunle Fowowe, expressed his admiration for the slang, saying, “I think we have to realise that Nigerians are expressive people, and they will use anything, image, or word to express their sentiments”.

Beyond these trends, social media has reinvigorated more indigenous expressions.

‘Kwechiri’ (Igbo word for astonishment) and coined new ones such as ‘no evidence’ (indicating lack of proof) and ‘no cap’ (a Gen Z phrase meaning truthfulness).

These phrases reflect evolving cultural narratives while showcasing Nigeria’s linguistic creativity in addressing contemporary realities.

As social media continues to shape communication, it enables Nigerians to blend humour, resilience, and tradition into a shared language that transcends boundaries.

Stakeholders argue that the future of Nigerian language trends relies on preserving indigenous languages while fostering creativity through social media and education.

Many believe that tools like ‘memes’ and digital contents can help keep these languages alive, while schools can incorporate slang into their curricula to highlight its cultural significance.

Dr Adebayo Akanji, a linguistics expert, cautions, “Nigerian slang is a powerful medium of expression, but without proper guidance, it can be misinterpreted or misused”.

Akanji, however, urged educators and influencers to provide context to ensure that slang remains inclusive and positive. (NANFeatures)

**If used, please credit the writer and the News Agency of Nigeria.

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