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News Politics

NNPP Presidential aspirant, Kwankwaso loses lawmaker to APC

 

Dr Rabiu Musa Kwankwaso, the Presidential hopeful of the New Nigeria Peoples Party, NNPP, has lost the member of the State House of Assembly, representing his Madobi Local Government to the ruling All Progressives Congress, APC.

 

The House member, Hon. Kabiru Yusuf Isma’il, decamped from the NNPP to the APC.

 

Also another House of Assembly member, representing Dawakin Kudu Local Government, Hon. Mu’azzam El-Yakubu has also dumped Kwankwaso’s NNPP for the APC.

 

While reacting to the development, the State Commissioner for Information, Muhammad Garba said a gale of defection had recently swept across the NNPP, particularly members of the State and National Assembly.

 

Garba said already, member of the State legislature, representing Bagwai/Shanono, Isa Ali rejoined the APC days after decamping to the NNPP.

 

The Assembly member, representing Dambatta State constituency, Hon. Murtala Kore also renounced his membership of the NNPP to remain in the APC.

News Politics

BREAKING: Abaribe withdraws from Abia PDP guber race, hours to primaries

 

Senate Minority Leader and a frontline governorship aspirant of the ruling Peoples Democratic Party, PDP, in Abia State, Senator Enyinnaya Abaribe, has formally withdrawn from the PDP governorship primaries scheduled for today (Wednesday).

 

Abaribe who disclosed his withdrawal from the exercise in a press statement cited use of “imaginary delegates list and lack of transparency” as reasons for his action.

 

Similarly, another leading governorship aspirant from Abia North, and former State Chairman of PDP, Senator Nwaka, has also said he would not participate in the primaries which he dismissed as a charade.

 

Nwaka expressed disappointment over non compliance with due process and the extant laws in the conduct of the three-man delegate congress which he insisted never held.

 

Senator Abaribe also said there was no three-man delegate election anywhere in the state by PDP, alleging that the list being bandied about was cooked up by those who want to impose their candidate on the party.

 

The Senate Minority Leader in a strongly-worded statement personally signed by him, said his next political move would soon be made public.

 

Below is a full text of the statement made available to Vanguard in Umuahia:

 

“Notice of Non-Participation in the Abia PDP Gubernatorial Primaries

 

“The last couple of weeks has been tortuous as we battled hard to navigate our party, the Peoples Democratic Party (PDP) away from a self destructive path.

 

“The essence was to create an unfettered democratic space and a level playing field for all aspirants vying for all elective offices in the state, to participate equally in the primary elections.

 

“That was not the case and of course what we are witnessing is a shambolic process driven by a procured court injunction.

 

“To make matters worse, the use of only an imaginary 3-man Adhoc delegates to the exclusion of the party’s statutory delegates in the primary elections to elect our candidates even when INEC the nation’s electoral umpire, has unequivocally stated that no congress held in Abia State for that purpose, has no doubt put the party and her candidates in a quagmire.

 

“The implication for our party is grave and as such has put all ongoing primary exercises on quick sand.

 

“I am known for standing firm in defence of my convictions for the right of all people to a free and fair democratic process. That was why my campaign set sail on a democratic journey that took us to all the nooks and crannies of our dear state. We covered all the local governments and we could see the enthusiasm on the faces of our people who are desirous of change to a progressive government with a human face.

 

 “We committed human and material resources, preaching the “Rise Up Abia” message for the total emancipation of our State from the drudgery of imposition and godfatherism, which has seen the state at the lowest wrung of infrastructural, human and material development index among the states of the federation.

 

“Our people were and are indeed fired up for a new lease of life that will be brought about by a people’s government.

 

“There was no doubt that Abians are tired of being subjected to being the butt of jokes and ridicle from their peers, particularly those from the contiguous states that were hitherto far behind Abia State in the development index in the time past.

 

“That was the narrative we sought to change when the campaign took off.

 

“Unfortunately, the ugly developments ignited by a rapacious ambition to maintain the wicked governance status quo of imposition and godfatherism have aborted this quest in PDP.

 

“Accordingly, I Senator Enyinnaya Harcourt Abaribe will not be part of this charade.

 

“I am therefore withdrawing from the exercise, which means that I will not be part of the PDP governorship primary election that holds in Abia State on Wednesday 25th of May, 2022 as doing so would have amounted to endorsement of an illegality that is already being challenged in the courts.

 

“I therefore, ask all our people, our teeming supporters and Ndigbo to remain calm, keep the faith and wait for the new direction, which will be announced very soon.

 

“What is important is that the campaign to liberate Abia State would surely assume a new dimension. The time is now.

 

“Thank you for always being there for me and the campaign. Together we shall triumph.

News

AfDB seeks board approval to raise $33bn from capital market

Dr. Akinwumi Adesina

The African Development Bank (AfDB) is seeking to increase resources for member countries for more productive projects on the African continent to improve livelihoods.

To this end, President of the AfDB Group, Dr. Akinwumi Adesina, is seeking approval from the board and partners of the bank to raise some $33 billion in order to support more initiatives of member countries.

Dr. Adesina was addressing Board members, Governors, and stakeholders at the opening ceremony of the bank’s General Meetings in Accra.

He called on the African Development Fund (ADF), donor countries to increase its support so that the group can take up more investment projects. The African Development Fund (ADF) is the concessional financing window of the Bank Group that provides low income Regional Member Countries (RMCs) with concessional loans and grants, guarantees as well as technical assistance for studies and capacity building in support of projects and programs that spur poverty 

“I wish to express my great appreciation to each African Development Fund donor country. You have stayed with the Fund, you have supported the Fund, and your countries have been partners in the journey of hope of the countries that are supported by the African Development Fund,” Dr. Adesina said.

“To give greater hope, to cope with increasing challenges, the African Development Fund countries need greater resources”, he added.

He explained that one way to achieve this is to allow the African Development Fund to use its accumulated equity of $25 billion to leverage $33 billion from the capital market.

“The Fund will provide greater leverage for donor contributions: a great value for money for taxpayers from donor countries. The Fund will be more sustainable, as it will generate more income. The Fund will reduce debt of countries, as it will deliver much lower concessional lending rates compared to very high interest rates the countries get on the global capital markets. Then together, we will build more equitable growth and development from the middle-income countries to the low-income countries and fragile states”, he stressed.

Dr. Adesina assured that no country on the continent will be left out of the development agenda of the AfDB.

As part of the Annual Meetings of the bank, an Economic Outlook Report for African Countries is expected to be launched today, May 25th, 2022.

News

Gunmen kill woman, four children in Anambra

A woman and her four children have been killed by gunmen in Anambra state.

 

The incident was said to have taken place in a community in Orumba north LGA of the state over the weekend.

 

Confirming the development on Tuesday, Tochukwu Ikenga, Anambra police spokesperson, said investigation into the incident has commenced.

 

“Investigation has since commenced and our deployment is very strategic and intelligent-driven aimed at unraveling the identities of these perpetrators,” he said .

 

The killing of the woman, who is said to be a resident of Hausa extraction, has elicited criticism in the light of recent attacks across the state by gunmen.

 

Echeng Echeng, Anambra police commissioner, on Tuesday, paid a visit to the Hausa community in the LGA.

 

In his remarks during the visit, Echeng said the police will ensure adequate security for the community.

 

Also reacting to the development in a statement issued on Tuesday, Christian Aburime, spokesman to Chukwuma Soludo, governor of Anambra, condemned the killing, but said it had no religious or ethnic undertones.

 

“While it is true that there is general insecurity across the country, there is no targeted religious or ethnic killings in Anambra State. As a matter of fact, Anambra indigenes have suffered more casualties as a result of the unfortunate killings,” the statement reads.

 

He also said the state is stepping up efforts to tackle insecurity.

 

“It is on record that Ndi Anambra and people of the North and other parts of the country who live and do business in the state, not only share common values, but have always lived at peace with each other in the state,” he said.

 

 “Governor Soludo’s administration has not only demonstrated commitment in tackling insecurity but has continuously reassured both indigenes and non-indigenes in the State of their protection and safety.”

News

Gunmen invade Rev Kukah’s church, kidnap priests

 Gunmen early Wednesday broke into one of the parishes presided over by the Bishop of the Catholic Diocese of Sokoto, Matthew Hassan-Kukah.

It was gathered that the armed hoodlums kidnapped two priests and two others in the rectory of St. Patrick’s Catholic Church, Gidan Maikambo, in the Kafur Local Government Area of Katsina

 State.Kukah’s Sokoto Diocese covers Katsina, Zamfara, Sokoto and Kebbi States.

The Director, Social Communications of the Catholic Diocese of Sokoto, Rev. Fr Christopher Omotosho, confirmed the development with our correspondent on Wednesday morning.

He said the Catholic Diocese of Sokoto is under attack and no information has been gotten as to the whereabouts of the abductees.

Omotosho said, “As at midnight of today, 25th May, 2022, gunmen broke into the rectory of St. Patrick’s Catholic Church, Gidan Maikambo, Kafur LGA of Katsina State.

“The parish priest and his assistant Rev. Frs. Stephen Ojapa, MSP, and Oliver Okpara and two boys in the house were kidnapped.

“No information as to their whereabouts. Kindly pray for their safety and release.”

When contacted, the spokesman for Katsina State Police Command, Gambo Isah, said, “Let me find out.”

On May 14, rampaging hoodlums torched and vandalised some parishes presided over by Kukah in Sokoto following his condemnation of the gruesome murder of Deborah Yakubu by her Muslim colleagues.

The 200-level Home Economics student of Shehu Shagari College of Education in Sokoto was accused of blasphemy against Prophet Muhammed.

The rioters also burnt some parts of Kukah’s church buildings and set a bus ablaze on one of the premises.

The Sokoto religious-tainted riot has extended to some parts of Bauchi and Abuja in the last few days while security agents and some northern governors have warned against religious violence.

News

Gunmen kill woman, four children in Anambra

A woman and her four children have been killed by gunmen in Anambra state.

 

The incident was said to have taken place in a community in Orumba north LGA of the state over the weekend.

 

Confirming the development on Tuesday, Tochukwu Ikenga, Anambra police spokesperson, said investigation into the incident has commenced.

 

“Investigation has since commenced and our deployment is very strategic and intelligent-driven aimed at unraveling the identities of these perpetrators,” he said .

 

The killing of the woman, who is said to be a resident of Hausa extraction, has elicited criticism in the light of recent attacks across the state by gunmen.

 

Echeng Echeng, Anambra police commissioner, on Tuesday, paid a visit to the Hausa community in the LGA.

 

In his remarks during the visit, Echeng said the police will ensure adequate security for the community.

 

Also reacting to the development in a statement issued on Tuesday, Christian Aburime, spokesman to Chukwuma Soludo, governor of Anambra, condemned the killing, but said it had no religious or ethnic undertones.

 

“While it is true that there is general insecurity across the country, there is no targeted religious or ethnic killings in Anambra State. As a matter of fact, Anambra indigenes have suffered more casualties as a result of the unfortunate killings,” the statement reads.

 

He also said the state is stepping up efforts to tackle insecurity.

 

“It is on record that Ndi Anambra and people of the North and other parts of the country who live and do business in the state, not only share common values, but have always lived at peace with each other in the state,” he said.

 

 “Governor Soludo’s administration has not only demonstrated commitment in tackling insecurity but has continuously reassured both indigenes and non-indigenes in the State of their protection and safety.”

News

Gunmen kill woman, four children in Anambra

A woman and her four children have been killed by gunmen in Anambra state.

 

The incident was said to have taken place in a community in Orumba north LGA of the state over the weekend.

 

Confirming the development on Tuesday, Tochukwu Ikenga, Anambra police spokesperson, said investigation into the incident has commenced.

 

“Investigation has since commenced and our deployment is very strategic and intelligent-driven aimed at unraveling the identities of these perpetrators,” he said .

 

The killing of the woman, who is said to be a resident of Hausa extraction, has elicited criticism in the light of recent attacks across the state by gunmen.

 

Echeng Echeng, Anambra police commissioner, on Tuesday, paid a visit to the Hausa community in the LGA.

 

In his remarks during the visit, Echeng said the police will ensure adequate security for the community.

 

Also reacting to the development in a statement issued on Tuesday, Christian Aburime, spokesman to Chukwuma Soludo, governor of Anambra, condemned the killing, but said it had no religious or ethnic undertones.

 

“While it is true that there is general insecurity across the country, there is no targeted religious or ethnic killings in Anambra State. As a matter of fact, Anambra indigenes have suffered more casualties as a result of the unfortunate killings,” the statement reads.

 

He also said the state is stepping up efforts to tackle insecurity.

 

“It is on record that Ndi Anambra and people of the North and other parts of the country who live and do business in the state, not only share common values, but have always lived at peace with each other in the state,” he said.

 

 “Governor Soludo’s administration has not only demonstrated commitment in tackling insecurity but has continuously reassured both indigenes and non-indigenes in the State of their protection and safety.”

News

Opportunity International supports customers with interest buy-down and guarantee facility

Opportunity International Savings and Loans Limited, a leading Savings and Loans company in Ghana in collaboration with the Visa Foundation is implementing an Economic Recovery and Rebuild Initiative (ERRI) project to help reduce the impact of COVID-19 on businesses of its existing clients through interest buy-down and guarantee facility.

With funding support from the VISA Foundation, the ERRI commenced in June 2021 and comes to a close in May 2022.

The main objective of the ERRI was to help reduce the interest burden of our existing clients by reimbursing them with 50% of their interest amount. This is to reward our loyal clients while also encouraging new clients and defaulters to repay their loans so that they can benefit from such interventions.

The beneficiaries of this facility comprised of individual women clients or groups with majority of women membership. Eighty-five percent (85%) out of the total eight hundred and fifty-two (852) beneficiaries were women.

One key qualification criteria used in the selection process for these clients was to complete their loan repayment without defaulting at the end of the maturity date and with a minimum loan cycle of seven after which the client benefits from the interest buy-down, in the form of a 50% interest refund.

To avoid the culture of loan delinquency, the guarantee facility was not communicated to the beneficiaries. However, the agreed discounts were applied to the accounts of qualifying applicants.

Additionally, The UPS Foundation which is similar to the VISA Foundation redesigned its program to create the financial and managerial capabilities of Persons with Disabilities (PWDs), as well as connect them to both financial resources and the market through interest buy-downs to help lessen the impact of COVID-19 on their businesses. Given this reason, the project reduced the interest rate for PWDs for both existing and new clients. A total of fifty-six (56) PWDs benefited from the project, with 31 of them being women.

On successful implementation of the ERRI project, a survey was conducted within the beneficiary communities to ascertain the impact of such an intervention and how the assistance has improved their lives.

An overwhelming majority of ninety-five (95%) of our clients hailed the project as an important intervention at a time when COVID had disrupted many local and global production and distribution systems. These responses are clear attestations of the positive impact that the ERRI project has had on our loan clients and Opportunity International as a business.

Most importantly, the Opportunity International brand has been established within the beneficiary communities as one committed to not just conducting the business of banking but also to the overall development of its customer base.

Opportunity International Savings and Loans Limited is a leading savings and loans institution in Ghana. Opportunity International is at the forefront of delivering transformational financial services to help transform the lives of clients.

The Institution serves over 610,000 depositors with loans, deposit products, and other services across 10 out of the 16 regions of the country. It operates in 23 countries across the globe serving nearly 10 million clients with the Global office in Chicago, USA.

The Visa Foundation is the philanthropic arm of Visa, works with charitable organizations to support underserved people and communities. As its central focus, the Visa Foundation is committed to helping low-income, financially underserved micro and small enterprises around the world to thrive and prosper.

The UPS Foundation is a leading UPS’s global citizenship efforts and philanthropy since 1951. The UPS Foundation’s philanthropic approach centres on four focus areas: health & humanitarian relief, equity and economic empowerment, local engagement and planet protection.

News

Photos: Part of Accra-Tema Beach Road caves in after Monday night rains

A portion of the Accra-Tema Beach Road has caved in due to a heavy downpour that started on Monday night.

Videos and photos available to JoyNews show that one side of the road has completely collapsed, leaving commuters stranded and immovable.

Some residents who spoke to JoyNews’ Michael Papanii Asharley attributed the development to a new bridge being constructed on the stretch to replace an older one.

Photos: Part of Accra-Tema Beach Road caves in after Monday night rains

According to them, the new bridge could not contain the underground water pressure, causing a part of the road to cave in.

Photos: Part of Accra-Tema Beach Road caves in after Monday night rains

“Some of them also mentioned that around 4 am, there was a cement truck and other heavy trucks that used the road, and probably the pressure from that also made the road cave in, eventually,” the reporter said.

Meanwhile, a kilometre portion of the road has been blocked and traffic diverted.

This is to help prevent further damage to the road and avert any untoward thing.

Photos: Part of Accra-Tema Beach Road caves in after Monday night rains

The last rain incident affected several parts of Accra and got homes and residential facilities submerged for the second time in just about four days.

Some affected areas in the country’s capital include Kaneshie, Adabraka, Weija, Kwame Nkrumah Circle, Dansoman, Tse Addo, and Tesano.

Photos: Part of Accra-Tema Beach Road caves in after Monday night rains
News

Old Mutual celebrates 177th anniversary globally; 10 years in Ghana

Old Mutual Group, a pan-African investment, savings, insurance, and banking group, is celebrating its 177 years of operation globally with the Ghanaian unit also marking its 10th anniversary.

The Ghana unit, which provides insurance and pensions services, has been at the forefront of some of the most innovative insurance and pensions products and services in the country while showing the way when it comes to diversity in the workplace and leveraging technology for business growth.

Chief Executive Officer of Old Mutual Ghana, Tavona Biza, said having operated in Africa for over 176 years, the Old Mutual brand has made a mark as an outstanding and caring brand strongly known for its integrity, sound corporate governance and its contribution towards Africa’s socio-economic development. 

“Old Mutual Ghana provides life insurance and pensions solutions to its customers. We offer the best life insurance packages for corporate organizations and help individuals achieve their lifetime financial goals. Old Mutual Ghana is currently made up of Old Mutual Life Assurance Company Limited and Old Mutual Pensions Trust Company Limited,” he added.

Touching on the company’s achievements and technological advances in Ghana over the past 10 years, Mr. Biza said; “Old Mutual has a strong customer-led approach to our technology strategy. We have made investments in embedding security, ensuring our systems are always on, the simplification and modernization of our technology, ensuring our skills keep pace with the rapidly changing technology landscape and striving for a culture of innovation.”

He added that the company has also introduced a number of revolutionary products and services into the market, chief amongst them is the Old Mutual Retirement Salary Plan, which is designed to provide a steady cash flow – a retirement salary – for people during their retirement years and to alleviate the fears of outliving their savings. “We stand as the first insurance company to bring out this product,” Mr. Biza stated proudly.

Old Mutual Ghana, he added, as part of its digital strategies to be an innovative business, launched an automated WhatsApp chatbot to handle all customer queries and enquiries.

Diversity and inclusion

With 450 staff across nine locations in the country, Mr. Biza touched on the company’s diverse and inclusive structure which has led to 70 percent of its leadership being women, which is higher than corporate Ghana’s average.  

“We will continue to drive diversity and inclusion, innovate around product and customer solutions, attract and retain best talents in the market, impacting the Ghanaian market through financial education programmes and investing in technology,” he said as he nods towards a brighter future for the business.

Marking the historic milestone

Rita Adu Boateng, Customer Experience & Marketing Executive at Old Mutual Ghana explained that Old Mutual Ghana, as part of the celebrations in Ghana, will be interacting with the media to share the brand’s rich heritage and experience in the financial service space; embark on a comprehensive financial education in some selected senior high schools, donate items to students after the financial education programme and top it all off with an interactive session with employees on the brand’s 177 years.

Financial Education

Old Mutual ‘On The Money’ is a Financial Education programme which encourages people to change their financial behaviour and to understand money-related issues and new skills to help maintain positive financial behaviour. With its well-run digital campaign, the financial education programme has reached over 300,000 persons on Facebook, Instagram, Twitter and LinkedIn.

The campaign led to Old Mutual winning the Best Marketing Campaign of the Year at the 4th Ghana Insurance Awards.

Social investment during COVID-19

Old Mutual, during the most difficult period of the COVID-19 pandemic, has been very active in supporting communities and institutions at the frontline. The company donated GH¢150,000 worth of surgical gloves and nose masks to three hospitals in Accra and Kumasi.

“We distributed 1,750 branded nose masks in some parts of Accra (Dansoman, Kaneshie First light, Korle Bu junction, Osu Oxford, Gold House runabout and Accra mall) and customers who visit any of our branches

We partnered with Vine Christian High on their online E-Learning platform during this COVID-19 pandemic for all customers (for Grade 7 & 8 / JHS1 / 2 students) and rewarded the best five students with cash prizes and branded Old Mutual souvenirs. GH¢1,200 Education policy was given to the overall best performing student,” Ms. Boateng added.

As a digitally inclined brand, Old Mutual was and continues to be very active with social media campaign on how to keep financial stability and impact in the COVID-19 pandemic. “Covid saw an introduction of our hybrid system where employees both work from home and the office intermittently. The introduction of the telesales unit which helped in reaching customers through sales during the lockdown period,” she added.

Old Mutual Ghana

Old Mutual Ghana is Ghana’s top 10 leading financial institution with an innovative record in offering the best in insurance services to its clients. Founded in South Africa, Old Mutual has been consistent in championing mutually positive futures by offering excellent financial services to a wide range of customers across the African continent.

The company established a branch in Ghana in 2013. It operates with skilled knowledge of the Ghanaian market backed by the expertise of an international brand. In Ghana, the company is currently made up of Old Mutual Life Assurance Company Limited and Old Mutual Pensions Trust.

News

Alltech ONE Conference makes live audience return with agri-food experts and inspiring keynote speakers

Dr. Mark Lyons, president and CEO of Alltech, opened the Alltech ONE Conference to both live and virtual global audiences.

The Alltech ONE Conference (ONE) opened to a live audience in Lexington, Kentucky, on Monday after being held as a virtual-only event for two years.

Alltech’s flagship event continues to be an invaluable industry resource, providing innovative ideas, inspiration and motivation through world-class speakers and unmatched content.

ONE welcomed nearly 2,000 international delegates to downtown Lexington, with an additional 5,000 participating virtually.

The ONE Mainstage session began with Dr Mark Lyons, president and CEO of Alltech, who welcomed the in-person delegates to Lexington and virtual attendees tuning in from around the world, challenging them to think about what comes next as we look toward the future.

“It’s been almost 1,100 days since we were last together, and certainly, we know a tremendous amount has changed — from social turmoil to a global pandemic and beyond,” Lyons said.

“What is this all telling us? What can we step back and think about in terms of how we progress forward?”

Lyons was joined on the ONE main stage by Heather White, author, founder and CEO of “OneGreenThing,” who brought two decades of environmental advocacy work and national nonprofit leadership to life with her book, “One Green Thing: Discover Your Hidden Power to Help Save the Planet.”

White offered three steps to make climate action a joyful daily practice. First, think beyond your age and listen. Secondly, find your unique role, and third, apply the daily routine of sustainability.

Following White’s presentation, Lyons spoke about agriculture’s role in saving the planet.

“Reducing is not enough; we must do something different,” said Lyons.

“Our belief is that agriculture has the greatest potential to positively influence our planet’s future, provide nutrition for all, and help rural communities thrive and replenish our planet’s resources.”

The keynote lineup also included Nikki Putnam Badding, registered dietitian nutritionist and managing director of Acutia. Putnam Badding spoke about the crucial importance of making nutrition accessible to all.

“The impact of malnutrition is far-reaching,” said Putnam Badding.

“So, is it enough to just feed the world? Instead, do we need to focus on providing nutrition for all, thereby changing the dialogue from food security to nutrition security?”

Dr Vaughn Holder, Alltech ruminant research group director, then shared his insights on how animal agriculture can be part of the solution to improving sustainability.

“We sit at the interface between the main carbon-capturing industry and the main food production industry in the world,” said Holder.

“Those things are tied closely together and unavoidable. We sit in a unique position to be doing something about the carbon argument. It really is important that we do not talk about compromising one for the other — because we have to do both.”

Alltech ONE Conference makes live audience return with agri-food experts and inspiring keynote speakers
Dr. Karl Dawson became the 31st recipient of the Alltech Medal of Excellence Award. L to R are Dr Vaughn Holder, Dr Karl Dawson, Dr Mark Lyons and Nikki Putnam Badding.

During the opening session, Lyons presented the Alltech Medal of Excellence Award to Dr Karl Dawson for his advancement of animal science over a career spanning more than five decades.

The award further recognises Dawson’s contributions as an educator, innovator, mentor, scientist and technologist.

Dawson became the 31st recipient of the Alltech Medal of Excellence Award and, having previously received the honour in 1992, also became the 1st two-time recipient.

In addition to hearing from the inspiring keynote speakers, ONE attendees participated in live workshops and focus tracks, uncovering the challenges and opportunities in agriculture, business, health and wellness, and professional development.

News Politics

BREAKING: Gov. Wike sacks entire cabinet members

 

Rivers State Governor, Nyesom Wike has dissolved the State Executive Council.

 

The dissolution takes effect from today, Tuesday, May 24, 2022.

 

According to a statement issued by his Special Assistant on Media, the Chief of Staff to the Governor and Senior Special Assistants have also been relieved of their offices.

 

The Governor commended the members of Rivers State Executive Council for “their service and contribution to the development of the State” and “wished them the best in all their future endeavours.”

 

He also directed the former cabinet members to hand over to the most senior officers in their respective offices.

News Politics

Ondo PDP Primaries: Mimiko behind my defeat, I was paid with evil – Sen. Akinyelure

 

Senator Ayo Pius Akinyelure, representing Ondo Central Senatorial District in the National Assembly, has claimed that a conspiracy led to his defeat in the Peoples Democratic Party, PDP, senatorial primary.

 

According to Akinyelure, a former Governor of Ondo State, Dr. Olusegun Mimiko, was behind his defeat.

 

On Monday, Chief Ifedayo Adedipe, a Senior Advocate of Nigeria, SAN, defeated the second-term Senator who was seeking a third term.

 

Chairman of the House Committee on Public Petition, Akinyelure received 58 votes, while Adedipe received 82 votes in the primary held in Akure, Ondo State capital.

 

The PDP Senator, while expressing displeasure over the development, said, “I did not expect to be paid this manner for the amount of work I did for the Ondo Central Senatorial District. But I’m on a mission that no one can stop.”

 

“As a ranking Senator and with everything I’ve done for them in the Ondo Central Senatorial District, the three ad-hoc delegates who supported Olusegun Mimiko were given instructions to vote me out,” he said.

 

He added that “I understand what I’m talking about. In the Central, we have six local governments and by the grace of God, I am still a Senator. This makes me pleased, but I know that God will never let me down.”

 

News Politics

Vote for me as president and i will explore oil in Borno – Tinubu

 

The National Leader and presidential aspirant of the All Progressives Congress (APC ) in the upcoming presidential primary election, Senator Bola Ahmed Tinubu has assured the people of Borno that if he is elected as the next President of Nigeria come 2023, he will exploit all the state’s natural endowment, especially oil exploration and resuscitation of the Lake Chad Basin irrigation farming and fishing, which are the major occupations of the majority of the people of the state.

Tinubu also pledged to ensure that peace returns permanently to the state by tackling insecurity and all other crimes bedeveling the state and region for a decade.

He made the pledge on Monday, while addressing APC national delegates from Borno who have assembled at the Multi Purpose Hall of the Government House in Maiduguri.

The presidential aspirant reaffirmed his commitment to overhaul major sectors of the country towards stabilising the economy, creating job opportunities and revitalising major ailing industries in addition to improving the roads, aviation and railway lines facilities among others.

According to him, “health is wealth and education is key to development. Therefore, if elected as president, my government will address schools and hospitals problems as well empower women and youths to become self reliant and useful to themselves.”

In his remarks, Governor Babagana  Umara Zulum of Borno State wished him success in his political ambition and prayed God to give Nigeria a credible and capable leader that has the heart of Nigerians and to take the country to greater heights.

He further asserted that Nigeria deserved a patriotic and honest leader that is transparent and responsible, who will eradicate corruption in the country which has beclouded the nation’s economy in barely all sectors of the country.

The National Coordinator /DG, Asiwaju 2023 Presidential Campaign, Senator Kashim Shettima, described Bola Ahmed Tinubu as the most suitable and qualified candidate to rule the country among all the aspirants, having sacrificed a lot and contributed immensely to the survival and stability of the party right from the cradle to its infancy and maturity stages obediently.

He said Tinubu has the determination and commitment to serve Nigerians diligently and remove the county from the shackles of insecurity and under development.

News Politics

Only five APC presidential aspirants are serious — Fayemi

 

Governor Kayode Fayemi of Ekiti State has said there are more pretenders in the race for the presidential ticket of the APC than contenders.

He said out of the 23 persons currently in the race, only about five of them are serious in the quest to clinch the ticket of the ruling party.

He did not, however, name the five aspirants.

Mr Fayemi said this while soliciting the support of the delegates from Niger State during a visit to the state on Sunday.

The APC presidential primary election will hold on May 29 and 30. The party is yet to decide on the date for screening of the presidential aspirants, after postponing the exercise indefinitely.

In a statement released by the spokesperson of the Fayemi Presidential Campaign Organisation, Femi Ige, the Ekiti State governor said the level of seriousness is determined by the ability of the aspirants to move across the country.

“This is a season of visits and states keep receiving us. The list of presidential aspirants says there are 23 but only five of us are going around the country. With this, you can separate the pretenders from the contenders,” he said.

While 25 aspirants returned their nomination forms, very few of the aspirants have been moving around the country. Some of the aspirants who have been visiting states include the former Lagos State Governor, Bola Tinubu, the Vice President, Yemi Osinbajo, the former Minister of Transportation, Rotimi Amaechi, the Senate President Ahmad Lawan and Mr Fayemi.

The Minister of Labour and Employment, Chris Ngige, the Minister of State for Petroleum Resources, Timipre Sylva and the President of Africa Development Bank, Akinwumi Adeshina, have all opted out of the race.

Speaking to the delegates, Mr Fayemi asked the delegates to take a bet on him, as he promised to remake Nigeria without unmaking it.

“I am ready for the job. I want you to take a bet on me and you will have no cause to regret. I can remake Nigeria without unmaking it. I believe in Project Nigeria and that Nigeria is worth fighting for and together we can regain the lost glory of Nigeria”, he said.

He promised to tackle the insecurity currently ravaging the country.

Niger State is one of the states currently battling banditry and has experienced multiple mass abductions in the last three years.

Last year, several students were abducted in Tegina, a community in Rafi Local Government of the state. Earlier in the year, the governor of the state, Sani Bello, raised the alarm that at least 220 people have been either killed or kidnapped in attacks on about 300 communities in Niger State this year.

Receiving Mr Fayemi in his office in Minna, Mr Bello described the Ekiti State governor as a friend of the State, noting that if he was in a position to appoint someone president, he would pick Mr Fayemi.

Mr Bello said: “You have been here at least three or four times before now. You have been a close friend to Niger state. It is not now that there is a need for support that people are coming.

“Only five or six people have been to the state but you can count on my support. If you become president, I will relax because I know I will have easy access to you. In fact, if I have my way I will appoint you as the next President after President Muhammadu Buhari.”

Mr Fayemi, who is the Chairman of the Nigerian Governors’ Forum, has been focusing his campaign on security and on several occasions referred to his educational background in war studies.

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20m farmers in Africa to benefit from AfDB initiative to avert food crises

Dr. Akinwumi Adesina

About 20 million farmers on the continent are expected to benefit from an emergency food production fund project by the African Development Bank this year.

The project, which seeks to avert any looming food crises that may come as a result of the global geopolitical tensions will ensure that staple foods are cultivated annually to serve the continent.

President of the Africa Development Bank (AfDB) Group, Dr. Akinwumi Adesina disclosed this to journalists in Accra at a breakfast meeting ahead of its annual meetings in Ghana.

“The Russian war in Ukraine has led to new challenges for Africa, especially in terms of high energy prices, high fertiliser prices, and disruption of food imports. With 30 million tonnes of food imports, especially wheat and maize that will not be coming from Russia and Ukraine. Africa faces a looming food crisis,” he said.

He cautioned that Africa does not need bowls in hand, but needs seeds in the ground.

He maintained that Africa should not be begging for food; but rather must produce its own food, adding that there is no dignity in begging for food.

“That is why the African Development Bank Group, and the African Union Commission, developed the Africa Emergency Food Production Plan. The plan will provide 20 million farmers with improved seeds and fertilisers, as well as other farm inputs, to produce 38 million metric tons of food, worth $12 billion.

This will include 11 million metric tons of wheat, 18 million metric tons of maize, 6 million metric tons of rice, and 2.5 million metric tons of soybeans” he assured.

The AfDB last week also launched a $1.5 billion African Emergency Food Production Plan to help Africa produce food to avert a looming food crisis.

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20m farmers in Africa to benefit from AfDB initiative to avert food crises

Dr. Akinwumi Adesina

About 20 million farmers on the continent are expected to benefit from an emergency food production fund project by the African Development Bank this year.

The project, which seeks to avert any looming food crises that may come as a result of the global geopolitical tensions will ensure that staple foods are cultivated annually to serve the continent.

President of the Africa Development Bank (AfDB) Group, Dr. Akinwumi Adesina disclosed this to journalists in Accra at a breakfast meeting ahead of its annual meetings in Ghana.

“The Russian war in Ukraine has led to new challenges for Africa, especially in terms of high energy prices, high fertiliser prices, and disruption of food imports. With 30 million tonnes of food imports, especially wheat and maize that will not be coming from Russia and Ukraine. Africa faces a looming food crisis,” he said.

He cautioned that Africa does not need bowls in hand, but needs seeds in the ground.

He maintained that Africa should not be begging for food; but rather must produce its own food, adding that there is no dignity in begging for food.

“That is why the African Development Bank Group, and the African Union Commission, developed the Africa Emergency Food Production Plan. The plan will provide 20 million farmers with improved seeds and fertilisers, as well as other farm inputs, to produce 38 million metric tons of food, worth $12 billion.

This will include 11 million metric tons of wheat, 18 million metric tons of maize, 6 million metric tons of rice, and 2.5 million metric tons of soybeans” he assured.

The AfDB last week also launched a $1.5 billion African Emergency Food Production Plan to help Africa produce food to avert a looming food crisis.

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Major players in capital market across West Africa push for speedy integration  

Rev. Daniel Ogbarmey Tetteh

Major players in the capital market across West Africa have intensified efforts to integrate their operations, to enhance cross border trading.

According to the stakeholders, the move to integrate, which began about five years ago was distorted due to uneven regulations among capital markets in the sub region.

Speaking on the first day of the two-day West Africa Capital Market Conference 2021, in Accra, the Director General of the Securities and Exchange Commission, Rev. Daniel Ogbarmey Tetteh stressed that countries with stronger capital markets have decided to start the integration and later allow others to join.

He stressed the need to move faster towards integration since it will enhance the capital market performance in the sub-region.

“Capital markets are key areas for development because they provide funds for long term capital investment. The interesting bit about having integration in the sub-region is that it will enable an issuer to have access to more fund in the region for capital expenditure”.

He stated for example that an integration will provide an opportunity for Nigerians to invest in Ghana and vice versa.

The West Africa Securities Regulators Association (WASRA) is the regional association for Capital Market Regulators in West Africa with the mandate of facilitating corporation and consultation among Capital Markets in the West African region.

As a flagship programme of WASRA, the conference is a biennial event that seeks to present the West African region and indeed Africa as a whole the opportunity to address important issues related to the orderly growth and development of the regional and continental capital markets.

The conference brought together relevant stakeholders and experts including but not limited to regulatory agencies, market operators, inter-regional economic bodies, and stock exchange managers.

The Managing Director of the Ghana Stock Exchange (GSE) Ekow Afedzie emphasized the need for a quick integration of the capital market on the continent.

“The processes have delayed for a while and for some observers the integration can start gradually so that other countries can join later,” he said.

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Ghana hosts 31st Annual Meeting of Board of Governors of ACBF

The Government of the Republic of Ghana is hosting the 31st Annual Meeting of the Board of Governors of ACBF from May 23rd, 2022, at the International Conference Center.

The main objective of the meeting is to seek broad policy and strategic direction for the foundation as well as discuss sustainability issues.  

In this regard, the Board of Governors will receive from an update on the activities of the Secretariat and the 2021 Financial Statements from the Executive Board.

With 2022 being the last year of the current strategy (2017-2022), the meeting will also discuss what is on the horizon and consider the roadmap to develop the next strategy.

The 31st Annual Meeting presents an opportunity to showcase the continued relevance of the foundation and increase its visibility. This is also an opportunity to deepen the partnership with member countries and strategic institutions such as multilateral and regional partners.

The Board of Governors of ACBF which is the highest policy making body of the Foundation comprises representatives of ACBF member countries and non-African countries, as well as the World Bank, the African Development Bank (AfDB), and the United Nations Development Programme (UNDP). The Governors are usually African Ministers of Finance and/or Economic Planning, Directors-General or other high level representatives of international development cooperation agencies for non-African countries.

The Board of Governors has a bureau of three members, (Chairperson and two Vice-Chairpersons) who are elected annually.

The Minister of Finance, Ken Ofori-Atta, is the current Chair.

Its main responsibility is to set the broad policies for the operation of the Foundation, as well as the appointment of the independent members and chairperson of the Executive Board.

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Housing Minister tours flooded areas in Accra

The Works and Housing Minister, has toured some areas in Accra and Tema that experienced flooding as a result of the heavy downpour over the weekend.

Mr. Francis Asenso-Boakye was accompanied on the tour on Sunday, May 22, by officials from the Ministry, the Hydrological Services Department, and the National Disaster Management Organisation (NADMO).

The purpose of the visit by the Minister was to ascertain the cause and impact of the flooding and to commiserate with the affected persons.  

Housing Minister tours flooded areas in Accra
Housing Minister and team, interacting with media personnel

The Minister toured affected areas such as; Odawna, Nkrumah Circle, Adabraka, Osu, Teshie, Sakumono, and parts of Tema.

He observed that, “areas that had benefited from the construction of major drains and other flood control measures under government’s National Flood Control Programme (NFCP) did not suffer the adverse impact of the floods.”

The Minister noted that the government has invested over, GH¢450 million in the National Flood Control Programme alone over the past few years and that has culminated in the reduced incidence of flooding, particularly in major flood-prone areas in Accra.

Housing Minister tours flooded areas in Accra
Housing Minister at Odawna

He further added that the government is collaborating with the World Bank to invest another $200 million dollars in the Greater Accra Resilient and Integrated Development Project to tackle the perennial flooding challenge in the Odaw Drainage Basin as part of flood control measures across the country.

Housing Minister tours flooded areas in Accra
A choked drain

Mr. Francis Asenso-Boakye urged residents to support the efforts of the government by maintaining proper solid waste practices and desist from indiscriminate dumping of solid waste and building in waterways. “The fight against floods is a shared responsibility”, he stated.

The Minister also reminded Metropolitan, Municipal, and District Assemblies (MMDAs) to strictly enforce relevant laws to deter citizens from building in waterways and other unauthorized places. He further urged them to take steps to remove developments obstructing the free flow of water to reduce the risk of flooding.

Housing Minister tours flooded areas in Accra
Housing Minister shares ideas with members of his entourage NADMO team

Accompanying the Minister on the tour were officials of the Ministry including Mr. Solomon Asoalla, Chief Director, Rev Osei Yaw, Director of PPBME, Mr. Hubert Osei Wusu-Ansa, Acting Director of the Hydrological Services Department, and Dr. John Kissi; Official of the National Disaster Management Organization (NADMO) led by Mr. Abu Ramadan, a Deputy Director-General and Chief Executive of the Klottey Korley Municipal Assembly, Nii Adjei Tawiah.