News Agency of Nigeria
APC forum urges NASS to wade into Nasarawa crisis

APC forum urges NASS to wade into Nasarawa crisis

173 total views today

 

By Naomi Sharang

 

The All Progressives Congress (APC) Stakeholders Forum on Wednesday urged the National Assembly to wade into the crisis rocking the Nasarawa State House of Assembly.

 

Convener of the forum, Alhaji Ibrahim Shaibu, made the call while addressing newsmen in Abuja.

 

The News Agency of Nigeria (NAN) reports that on June 8, the leadership crisis rocking the state assembly took another dimension as the 13 factional members during plenary passed a resolution suspending 10 other factional members.

 

The two factional speakers are: Ibrahim Balarabe and Daniel Ogazi.

 

Shaibu appealed to the leadership of the National Assembly to intervene over the crisis and “take over the leadership of the state assembly pending the resolution of the crisis.

 

“Otherwise, citizens will have no option than to embark on citizens actions to restore democracy in the state.”

 

He expressed worry over what he described as “impunity and lawlessness in the political space of the state.”

 

Shaibu said: “This impunity is perpetuated by individuals who consider themselves invincible and their political interests above the constitution of the Federal Republic of Nigeria.

 

“The continuous disregard for due process and existing order of a Federal High Court barring Balarabe from parading himself as the Speaker of the 7th assembly is unfortunate.”

 

He said that Ogazi was elected by a simple majority votes within the assembly complex.

 

Shaibu further said that such height of impunity and lawlessness should not be condoned by the chief executive of the state and any other elected public official no matter their interests.

 

“We are so far disappointed by the actions of the governor on this matter in spite of wise counsels and entreaties from critical stakeholders of the APC and the state on the need to broker peace between the two factions.

 

“Sadly, the governor has continued to recognise the illegality perpetuated by the Balarabe group”.

 

NAN also reports that as a result of having two factional speakers of the state assembly, the inauguration of the 7th Assembly was postponed.

 

After the postponement, leadership crisis erupted where two speakers emerged with Balarabe and Ogazi leading different groups.

 

While Balarabe was elected at a sitting in the Ministry for Local Government and Chieftaincy Affairs in the state by 11 out of 24 members, Ogazi was elected by 13 out of 24 members at plenary at the State Assembly complex.

 

As the crisis escalated, the state’s APC led by its Chairman, John Mamman, on June 9 endorsed Balarabe as the speaker for the 7th Assembly.

 

According to reports, the governor of the state is in support of Balarabe as the authentic speaker.

 

Not relenting, on June 10, Ogazi went to a Federal High Court in Lafia seeking to stop Balarabe and Mr Jacob Kudu from parading themselves as speaker and deputy speaker of 7th Assembly among other requests.(NAN)

(www.nannews.ng)

Edited by Saidu Adamu/Sadiya Hamza

 

====================

Ndiomu stabilises Presidential Amnesty Programme – Aide

Ndiomu stabilises Presidential Amnesty Programme – Aide

190 total views today

By Collins Yakubu-Hammer

The Office of the Presidential Amnesty Programme (PAP), says its Interim Administrator, Retired Maj.-Gen. Barry Ndiomu, has stabilised the operations of the programme by clearing all inherited debts through tactical financial models.

This is contained in a statement issued in Abuja on Wednesday by the PAP Special Assistant on Media, Mr Freston Akpor.

Akpor stated that when Ndiomu assumed office in September, he inherited several liabilities ranging from unpaid scholarship awards, uncompleted vocational training centres, non-formal education programmes and other challenges.

“The media spaces in Nigeria have evolved, and are considered critical tools to announce the efforts of the PAP in changing the socio-economic narrative of the Niger Delta region

“So far, he (Ndiomu) has sanitised and stabilised the operations of the PAP,” media aide said.

According to him, since Ndiomu came on board, he has strategically cleared all inherited debts through tactical financial models.

He added that some of the debts which included those that were owed to critical contractors, agencies and scholarship debts had been cleared.

He said one of the strategic steps taken by Ndiomu was to reform PAP by implementing inconclusive scholarship awarded by his predecessor.

“Ndiomu sanitised and adopted the process with payment of all fees of 1700 PAP students spread across tertiary institutions of learning across the country

“As well as additional 55 delegates going into their first year in various universities in different countries.

“This is in addition to 1300 students already deployed to various tertiary institutions within Nigeria and overseas in the previous year bringing the total number of students to 3000.

“These scholarships covering tuition and In-Training-Allowance (ITA) have been paid in full by the administration of Ndiomu for the 2022/2023 academic session,” Akpor said.

Akpor also reiterated efforts by the PAP to launch the Formal Education Trust Fund to boost the formal education scheme of the PAP. (NAN) (www.nannews.com)

Edited by Benson Iziama/Deji Abdulwaha

Tinubu mourns first FCT minister, Ajose-Adeogun

Tinubu mourns first FCT minister, Ajose-Adeogun

205 total views today

 

By Ismail Abdulaziz

President Bola Tinubu has mourned the death of Nigeria’s first Minister of Federal Capital Territory, Chief Mobolaji Ajose-Adeogun, who passed on last Saturday in Lagos.

 

Ajose-Adeogun, who died at the age of 96 was appointed the Minister of Federal Capital in 1976 by the Murtala Mohammed Military Administration and served in the position till 1979.

 

Tinubu described the former minister and notable businessman as an eminent statesman for his contributions to national development.

 

He said that the country and the people of Lagos State where he held an important traditional title, owe the deceased a debt of gratitude for his meritorious service.

 

“I join the family, children, associates and Lagos State Government in mourning the death of Chief Mobolaji Ajose-Adeogun, an illustrious son of Lagos, who served our country excellently as the first Minister of Federal Capital Territory.

 

“Over 40 years after he served as a member of the Federal Executive Council, his records of unblemished and pioneering leadership of the FCT remain indelible till date.

 

“Chief Ajose-Adeogun will be remembered for his contributions to the economic growth of our country as an industrialist and businessman of note.

 

“He served his country well and the people of Lagos State where he was a traditional chief even much more. I pray that his soul will find eternal rest,” he said.

 

The late Ajose-Adeogun was a two-time Federal Commissioner for Cooperatives and Supply before his appointment as the Federal Commissioner for Special Duties in charge of the Federal Capital Development Authority.

 

He supervised the planning and the design of the Master Plan of Abuja during his time as the FCT Minister.(NAN) (www.nannews.ng)

 

Tinubu assures investors of conducive environment

Tinubu assures investors of conducive environment

160 total views today

 

By Ismail Abdulaziz

President Bola Tinubu has assured genuine local and foreign investors of his administration’s commitment to providing conducive environment.

Mr Julius Rone, Group Managing Director of UTM FLNG Ltd, made this known after a meeting with Tinubu on Wednesday in Abuja.

The News Agency of Nigeria (NAN) reports that investors from France and Japan pledged to invest five billion dollars in the floating Liquified Natural Gas sector during a meeting with the president.

Rone said that the president also directed them to prioritise the project which is expected to generate no fewer than 7,000 direct and indirect jobs in the country.

He said that the investors from Technip Energies of France and JGC Corporation of Japan, were also directed to report any challenge to the president in the course of implemention.

Rone added that the two companies would invest about five billion U.S dollars in the floating energies in collaboration with the NNPC Ltd, while the Afrexim bank is working on the financing aspect.

He said that the project would have a 300,000 tonnes capacity of LPG per annum as well as meet 25 per cent of local demand of the gas.

On local content, Rone said that a number of Nigerians are already being trained on handling of the various equipment for the project.

He added that plants would also be created for the delivery and marketing of the products to customers on completion.

Rone was on the visit with Ms Emmanuelle Blatmann, the Ambassador of France to Nigeria, Ms Hiromi Otuski, Deputy Ambassador for Japan to Nigeria, Mr Naoki Noguchi, MD JGC, and Mr Sadeeq Mai Bornu.(NAN) (www.nannews.ng)

 

Surviving turbulent times: TEXEM UK unveils transformational programmе for Nigerian leaders

Surviving turbulent times: TEXEM UK unveils transformational programmе for Nigerian leaders

402 total views today

By Bashir Rabe Mani

 

TEXEM UK, a leading global learning and dеvеlopmеnt organisation, has set its sights on еmpowеring Nigerian and African business leaders to еxcеl in today’s challenging and uncertain business landscape.

In a statement on its website (www.texem.co.uk) Carolinе Lucas, TEXEM’s Director of Special Projects, еmphasizеd the crucial nееd for strategic executives to develop winning strategies that will еnrich thеir businеssеs and organisations.

Thеsе stratеgiеs, shе assеrtеd, hold thе powеr to guidе lеadеrs in making profitablе dеcisions еvеn in thе facе of turbulеnt climatеs.

“This programmе is actionablе and would rеflеct thе contеxtual rеalitiеs that organisations opеrating in Nigеria and Africa currеntly facе,” thе statеmеnt еxplainеd.

With thе world witnеssing unprеcеdеntеd disruptions, thе businеss еnvironmеnt has bеcomе morе volatilе than еvеr bеforе.

In light of this reality, TEXEM is offering a unique opportunity for sеnior еxеcutivеs and organisational lеadеrs to еquip thеmsеlvеs with practical skills and actionablе insights through its intеractivе lеarning еxpеriеncе thеmеd “Winning in Turbulеnt Timеs.”

“Thе programme, schеdulеd to takе placе from July 12th to 13th, 2023, at Thе Whеatbakеr Hotеl in Ikoyi, Lagos, aims to hеlp participants dеvеlop stratеgiеs that fostеr sustainablе succеss amidst uncеrtainty.

“TEXEM’s rеnownеd faculty is composеd of distinguishеd profеssionals, and participants will havе thе opportunity to еngagе in a profеssional еxchangе with critical partnеrs and colleagues.

“This invaluablе intеraction will offеr frеsh pеrspеctivеs and еnrich thе lеarning еxpеriеncе, providing participants with thе necessary tools to navigate thе complexities of thе modern businеss landscape,” the statement announced.

The challenges faced by organisations in Nigеria are significant, with the impact of the Russia-Ukrainе war affecting countries worldwide.

In Nigеria, widеsprеad insеcurity, soaring inflation, high capital costs, supply chain disruptions, and nеw cybеrsеcurity thrеats havе compoundеd thе alrеady complеx businеss еnvironmеnt.

Thеsе challеngеs havе rеsultеd in dramatic forеx fluctuations, low or nеgativе GDP growth, and dwindling govеrnmеnt and businеss rеvеnuе.

Thе еxodus of skillеd staff and dеclining productivity furthеr add to thе complexities facеd by businеssеs.

As Nigеria’s corporatе landscape grapplеs with various challеngеs, TEXEM UK’s programmе comеs as a timеly and much-nееdеd opportunity for lеadеrs to еquip thеmsеlvеs with thе tools necessary to ovеrcomе advеrsitiеs.

The statement asserts that by attеnding the Lagos programmе, sеnior еxеcutivеs and lеadеrs will gain a compеtitivе еdgе in managing thеir organisations, thereby steering thеm towards a futurе markеd by triumphs amidst turbulеnt timеs.

The programme’s comprеhеnsivе methodology includes group and individual impactful activities, еvеr-to-еvеr lеarning, games, observation practice, and sеlf-rеflеction.

TEXEM believes that lеarning should be both fun and еngaging and by еmploying this innovativе approach, participants will gain insights into crеating growth opportunities and developing organisational strategies to thrivе in timеs of disruption.

One of thе kеy highlights of TEXEM’s programmе is thе dеploymеnt of case studiеs through the tеstеd and provеn methodology.

Prof. Rodria Lalinе, Founding Dirеctor of Harvard University’s Maximisе Your Board’s Potеntial Programmе, will lеad other rеnownеd faculty.

Lalinе’s vast еxpеriеncе as a former Visiting Professor at prеstigious institutions such as INSEAD, IMD, and IESE, as wеll as hеr rolе as Co-Founder of Global Chipcard Alliancе, brings a wеalth of knowlеdgе to thе program.

Having collaborated with industry giants likе IBM, ING, Hewlett-Packard, and Oracle Corporation during her tenure as CEO of Global Research and Dеvеlopmеnt, Prof. Lalinе’s еxpеrtisе is еxpеctеd to offеr invaluablе insights to participants.

Additionally, hеr advisory rolе to thе Primе Ministеr of thе Nеthеrlands and hеr involvеmеnt as a board mеmbеr of Thе Opеn Softwarе Foundation furthеr solidifiеs hеr rеputation as an industry еxpеrt.

“Wе dеsignеd this programmе to еmpowеr lеadеrs with thе ability to makе wеll-informеd dеcisions swiftly and adapt to unеxpеctеd challеngеs,” Lalinе said.

“By improving thеir analytical rigour and managing ambiguity bеttеr, participants will bе bеttеr еquippеd to lеad thеir organisations to sustainablе succеss.”

A fеw of TEXEM’s previous dеlеgatеs from Nigеria havе thе following tеstimonials to sharе about TEXEM, UK programmеs:

“Thе programmе is an еxcеllеnt onе, it’s a world-class Institutе, looking at thе quality of matеrials, thе quality of thе facilitators, I think it’s a world-class programmе, it could bе anywhеrе in thе world, and it’s a good standard,” Glory Idеhеn, Hеad of E-Training, C.B.N., said.

“Thе contеnt of thе programmе has bееn rich and еducativе, rеfrеshing, еnlightеning and thought-provoking. I еnjoyеd this program, and I am looking forward to another program,” Andy Uwеjеyan, Managing Dirеctor A&J Construction Company Ltd., rеmarkеd.

“It’s the first time I’m doing a programmе in Nigеria, and it’s actually very interesting. Thе first thing I likеd about it is thе divеrsity of thе participants and thе quality of thе nеtwork.

“I also likе thе еdgy convеrsations wе had with Christian and Alim. It’s quitе thought-provoking,” Effiong Okon, Opеrations Dirеctor, Sеplat, rеmarkеd.

TEXEM dеlеgatе Hakееm Muriokunola, Lagos Statе Hеad of Sеrvicе, had this to say: “It’s a very insightful and worthy program on Lеadеrship and Exеcutivе Management. It has opеnеd my еyеs to undеrstanding that you also havе to bе an еffеctivе followеr to bе an еffеctivе lеadеr.

“I nееd to surround mysеlf with pеoplе bеttеr than mе and lеarn from thеm”.

“It has been an insightful experience, thought-provoking. I have learnt new ways of doing things, especially in leadership and ADR and reaching an agreement in negotiation,” Bolanle Oniyangi, Coordinating Secretary Tax Appeal Tribunal, said.

Prof. Olatunde Atusanya. Hon. Commissioner of the Tax Appeal Tribunal said that “TEXEM is a good platform for advancing leadership training, and I would recommend TEXEM for any organisations or institutions that are desirous of improving their workforce in leadership and strategic policy making.”

“It is a wonderful organisation. I must confess that they are very organised. Their staffs are really warm, they are very committed, and you can see the way they do their job is with every enthusiasm…

“I’ve enjoyed the orderliness of the organisers. I’ve enjoyed the presentations of the consultants. I’ve enjoyed the practicability of the consultants…

“I have now become more focused on leadership style, presentation, orientation, and also even mental capability… I have learnt all this within the course of the training programme,” Otunba Sonya Ogunkuade, Hon. Commissioner and Special Assistant to the President said. (NAN) (www.nannews.ng)

Edited by Bashir Rabe Mani/Razak Owolabi

Plan International Nigeria unveils panel for change 

Plan International Nigeria unveils panel for change 

184 total views today

 

By Funmilayo Adeyemi

Plan International, Nigeria, has unveiled a 16-member Youth Advisory Panel (YAP), to create the change agenda of the nation.

 

The Country Director, Plan International, Nigeria, Mr Charles Usie, disclosed this in Abuja on Wednesday at the inauguration of the panel.

 

Usie said that the panel would engage Plan International Nigeria in co-creating decision making, policy development and projects implementation.

 

According to him, in the last six months, Plan International Nigeria has been in the process of establishing YAP with the overall objective of engendering inclusion and participation of youths and girls in decision making process.

 

”Plan International as a global organisation has renewed its mandate globally and what that mandate means is that girls and young people have become the centre of what we do.

 

”If we want young people and girls to be at the centre, we need to bring them into our everyday operation in meaningful ways in such a way that they participate and enable us to make the right decisions in the kind of programmes and interventions we design.

 

”As a result we have a global mandate to bring young people deliberately into our everyday management processes.

 

”And so in Nigeria today what we have ended up doing is to select young people across the six geopolitical zones in Nigeria and put them into like a board as an advisory panel to advice management team and board to influence our programmes,” he said.

 

The country director said that plan International would continue to advance the rights of children, thereby seeking for equality for girls especially in education, health, livelihood, protection and others.

 

Also, the Executive Director, Yiaga, Mr Samson Itodo, charged the panel to focus on ensuring the change needed to transform the country and the continent.

 

Itodo said that the panel should be about learning, building and making necessary change happen while also sustaining the trust repose on them by the younger generation.

 

”The YAP is not a job or an employment opportunities but a transformative relationship. It is not a panel for for self promotion because you do not exist for yourself.

 

”YAP is not an elite group or cabal often used in our political group such that you forget the actual purpose you are called for this work.

 

”So the biggest challenge young people have is that they don’t maximise opportunities for a long of time, so you must be ready to play your role because on your shoulder lies the hope of the youths,” he said.

 

Meanwhile, Miss Pelemo Nyajo, the Shadow Country Director, Plan International, Nigeria said that active participation of youths in decision making would create high level of performance for development.

 

Nyajo, who is a member of YAP commended Plan International, Nigeria, for the opportunity to serve, saying it is a step in the right direction.

 

”Tokenism is a huge plaque when it comes to youth participation across the country and globally, they like to put the young people at the forefront but not actually getting active participation.

 

”So this panel is a huge step towards meaningful youth participation because we will be actively participating and putting them on their toes and making sure that the youths are the centre of all their programmes.

 

”Representation is very important. Persons with disabilities are not very much represented in a lot of communities, so with the YAY, we will create impact and hopefully we can make a change,” she said.(NAN)(www.nannews.ng)

NGE mourns NewsDirect publisher Ibiyemi

NGE mourns NewsDirect publisher Ibiyemi

150 total views today

 

By Grace Alegba

The Nigerian Guild of Editors (NGE) says it is saddened and shocked by the passing of Dr Samuel Ibiyemi, Publisher of NewsDirect Newspapers Group and one of the guild’s committed members.

The News Agency of Nigeria (NAN) reports that Ibiyemi, 56, died on Tuesday at the Babcock University Teaching Hospital, Ilisan, Ogun , where he was undergoing treatment.

In statement jointly signed on Wednesday  by  NGE President, Mr Eze Anaba and the General Secretary, Dr Iyobosa Uwugiaren, the professional body of all editors in Nigeria described the late publisher as a committed member of the  guild.

The NGE  said the deceased made his mark in journalism as a reporter, business editor, editor and publisher.

“Even when Ibiyemi was struggling between life and death on his sick bed at the hospital, he was still breathing journalism.

“He wanted to know from his colleagues,  the latest happenings in our society; he called to find out the outcome of the national biennial convention of the NGE in Owerri.

“We were regularly in touch with him and his family.

“He assured us of his determination to survive; we were looking forward to him coming out of the Babcock University Teaching Hospital in Ilisan, where he was undergoing treatment.

‘’Dr Ibiyemi was passionate about journalism profession and played his part in various newspapers before birthing his publication, Nigerian NewsDirect, some 13 years ago.

“He was a committed member of the NGE, and we take solace in the fact that he made his mark in the profession, as a reporter, editor and publisher, before his home call,” the NGE said.

The guild said that his legacy, NewsDirect Newspapers, had continued to make impact with its rich content: informing, educating and entertaining readers, since inception.

The editors commiserated with the family, friends, and entire members of the journalism community on the passage.

They prayed that the Almighty God would console the media industry, especially the widow and children and give them the needed strength and fortitude to bear the irreparable loss.

The NGE added: “Ibiyemi’s memory will live on through the impact he made on the world. He is now in a better place and watching over us.

“We are praying for his loved ones and family during this difficult time.

“We are wishing his loved ones peace, comfort, courage, and lots of love at this time of sorrow. Our heart goes out to all of them at this difficult time.

“We will never forget Dr Samuel Ibiyemi. May God give him eternal rest.’’

The NGE described the late publisher as “a true definition of humanity, courage, truth, faith and hard work”. (NAN) (www.nannews.ng)

 

Edited by Edith Bolokor/Chioma Ugboma

FCT unity football championship kicks-off July 8

FCT unity football championship kicks-off July 8

172 total views today

By Joseph Edeh

The FCT Unity Football Championship will kick-off on July 8 across the six area councils of the territory, with the grand finale scheduled to hold on July 29 in Abuja Municipal Area Council (AMAC).

MOO Mohammed, Chairman of the Local Organising Committee (LOC), of the Adedoyin Benjamins-Laniyi (ABL) Unity Championship 2023, said this on Wednesday in Abuja.

He said the championship would be used to discover young talents who would be nurtured and sent to clubs abroad to ply their trade.

Mohammed said that 12 teams, two each would be drawn from the six Area Councils of the FCT to compete at the second stage of the championship to be hosted in AMAC.

He said that there would be a scouting team that would be on ground at the quarter, semi-final and final to scout for the best legs in the tournament.

In a remark, Benjamins-Laniyi, the initiator of the Championship, said that it was a privilege to convene a football tournament in Abuja.

“It is my privilege to be the initiator in the Centre of Unity, the capital city of the Federal Republic of Nigeria, to convene and engage in a football tournament in the spirit of unity.

“ The most critical ingredient of any game is the power to drive with your team the courage of that goal.

“Once you can do that, you don’t see colour, you don’t see age, you don’t see religion, you don’t see your church’s denomination. All you see is the goal. Can I score the winning goal?

“The winning goal for Nigeria is the unity, that we may be one; unity through sportsmanship.

“You know, the power of sportsmanship is what you find played out in political advocacy. You go against all the odds to emerge a winner“, she said.

She urged the Super Falcons to make the country proud by winning the trophy at the 2023 FIFA Women world cup in Australia and New Zealand.

Benjamins-Laniyi advised them to go all out to compete without fear of their opponents when the hostility begins on July 20 to Aug. 20.

In attendance were the representatives of the Chairman of the FCT Football Association, FCT Social Development Secretariat among others.

The News Agency of Nigeria (NAN) reports that former Super Eagles players, Kanu Nwankwo and Femi Ajilore are the ambassadors for the ABL -Unity Championship 2023. (NAN)(www.nannews.ng)

==============
Edited by Joseph Edeh/Uche Anunne

PAPSS, 5 African multinational banking groups sign MOUs on new Settlement Model

PAPSS, 5 African multinational banking groups sign MOUs on new Settlement Model

180 total views today

 

 

 

The Pan-African Payment and Settlement System (PAPSS,) has signed Memorandums of Understanding (MOUs) with five African multinational commercial banking groups for seamless cross-border trade payments.

The groups include Standard Bank Group, Access Bank Group, Ecobank Group, KCB Group, and UBA Group.

These significant partnerships aim to revolutionise the settlement of cross-border transactions across Africa, leveraging on the vast network of subsidiaries and representative offices across major economic centres across Africa.

These MOUs were signed on Monday, June 19, 2023, at the opening ceremony of Afreximbank’s 30th Anniversary Celebrations and 30th Annual Meetings held in Accra, Ghana, a statement by Brandcomms Agency said.

It was in the presence of Heads of State and Prime Ministers from Africa and the Caribbean, Heads of continental policy and governance institutions as well as international institutions.

The News Agency of Nigeria (NAN) reports that the platform will, for instance,  allow a business in Nigeria to trade with another in, perharps, Ghana, using the Naira and Cedi respectively.

Again, PAPSS makes cross-border payments easier, such that  transactions don’t take days or weeks to settle.

Transaction executed using PAPSS are expected to be secure, promote financial inclusion, and most importantly – unite Africa.

The signature of the MOUs signified a monumental step forward in the pursuit of seamless cross-border trade payments throughout the almost 40 countries covered by these Banks.

“The broad collaboration between PAPSS and African commercial banks will pave the way for enhanced efficiency, transparency, and reliability in intra-African settlement.

“ The adoption of PAPSS’s cutting-edge settlement model will streamline operations and empower businesses by providing a secure and technologically advanced platform for cross-border transactions,” the statement said.

As part of this partnership, Access Bank Group, Ecobank Group, KCB Group, Standard Bank Group, and UBA Group will collaborate closely with PAPSS to ensure seamless integration of PAPSS into their existing systems, it said.

This collaborative effort will include opening up all their African footprints for PAPSS.

Also,  facilitating settlement of transactions, encouraging the participation of Fintech in PAPSS via the banks and expanding PAPSS to all the banks’ current digital channels such as mobile app banking and e-banking.

Prof.  Benedict Oramah, President of Afreximbank, commented.

“The signature of these MoUs marks a remarkable step towards the realisation of the aspirations of Africa’s fore leaders, who envisioned the creation of a payment and clearing union about six decades ago.

“ It also draws us closer to domesticating cross-border payments by enabling payments for cross-border trade in African currencies while strengthening African currencies.

“By leveraging on the vast continental coverage of these African commercial banks, PAPSS will seamlessly facilitate cross-border trade and payments and boost intra-African trade and investments”.

The Chief Executive Officer of PAPSS, Mr Mike Ogbalu III, expressed enthusiasm about these collaborations.

“These partnerships with Access Bank Group, Ecobank Group, KCB Group, Standard Bank Group, and UBA Group mark a significant milestone in the journey toward a more integrated and efficient African banking landscape.

“ By embracing PAPSS’ Commercial Bank Settlement Model, these banks are helping build a robust continental platform for fostering cross-border payments, thereby paving the way for financial inclusion and substantial continental economic development.”

Also commenting on the signing was H.E. Wamkele Mene, Secretary General of the AfCFTA.

“The introduction of the new PAPSS Model for onboarding African Commercial Banks and the signing of the MoUs with the five African Commercial Bank Groups signifies a bold step towards the full operationalisation of PAPSS.

“For the benefit of African traders and SMEs in the implementation of the AfCFTA Agreement.”

The News Agency of Nigeria (NAN) reports that the MOUs will be put into effect gradually in partnership with central banks in the countries where the five Group Banks operate.

Customers of the banks in Africa will be informed through the usual channels of communication as soon as the service becomes available in their countries.

PAPSS and the banks will be working to make the service available toward the end of 2023. (NAN) www.nannews.ng

Edited by Vivian Ihechu

Vitafoam, I-Create Club recognise 6 pupils for creative excellence

Vitafoam, I-Create Club recognise 6 pupils for creative excellence

262 total views today

By Rukayat Moisemhe

Vitafoam, a prominent foam manufacturing company, has partnered I-Create Club to award six exceptional primary school pupils for their outstanding achievements in a creative competition.

Mr Taiwo Adeniyi, the Group Managing Director, Vitafoam, said this in a statement on Wednesday in Lagos.

Adeniyi said the competition was to nurture the entrepreneurial spirit and unleash the creative potential of young minds.

He commended I-Create Club team for their initiative in promoting sportsmanship among young individuals.

Adeniyi said Vitafoam’s belief in fostering the holistic development of young minds led to the partnership to serve as the perfect platform for children to showcase their skills, creativity, and sportsmanship.

“Competitions like these impart valuable life lessons beyond the classroom, cultivating discipline and resilience, which are essential qualities for success.

“We encourage all participants to give their best and treasure this experience as an opportunity to learn, grow, and create lifelong memories,” he said.

Mrs Eniola Afolayan, Founder, I-Create Club, explained the significance of the annual competition, now in its fifth edition.

Afolayan reiterated the organisation’s vision to developing future entrepreneurs by providing a solid foundation for young individuals.

“In Nigeria, the average adult has been described as unemployable. Hence, in line with I-Create Club’s vision, we aim to increase the number of entrepreneurs and employable graduates in Nigeria.

“Our activities are meticulously designed to lay the necessary groundwork for children to become innovative problem solvers and Vitafoam has been a dedicated supporter of our cause since the inception of the club,” she said.

Afolayan charged other corporate entities to follow Vitafoam’s lead and support the ‘I-Create Club’, thus enabling more children to benefit from its impactful platform.

She emphasised the importance of collaboration with the government on a larger scale to enable the participation and enjoyment of the club’s unique benefits in public schools.

The News Agency of Nigeria (NAN) reports that the competition garnered significant participation, with over 100 primary schools from across Nigeria.

The competition covered a range of categories including business plan, pillow art, debate, and recycling, with the objective of identifying young talents with a natural inclination toward entrepreneurship from an early age.

The winners of the competition are Korede Obadimu (Pillow Art winner – State Primary School, Mangoro), Daniel Taiwo (Pillow Art winner – Peaceville School) and Jessica Chinaka (Debate winner – Kayron International School).

Others are Ibijola Fadeyibi (Debate winner – Beehive School), Mukhtaar Akande (Recycling winner – Guided Treasures Muslim Nursery and Primary School), and Ndumanya Grace (Recycling winner – Oke-Meta Memorial Primary School). (NAN)(www.nannews.ng)

============
Edited by Chinyere Joel-Nwokeoma

X
Welcome to NAN
Need help? Choose an option below and let me be your assistant.
Email SubscriptionSite SearchSend Us Email