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NCDMB, BOI Sign Amendment of MoU on $50m NOGaPS Manufacturing Fund

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The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) have signed an amendment to the Memorandum of Understanding (MoU) on the $50million NOGaPS Manufacturing Fund.

The Fund was created by the NCDMB and domiciled with BOI to attract oil and gas equipment manufacturers to the Nigerian Oil and Gas Parks Scheme (NOGaPS) facilities established by the NCDMB, and increase access to affordable finance by the manufacturing entities.

The signing of the amended MoU took place in Lagos at the 2023 second quarter Review Meeting of the Nigerian Content Intervention Fund (NCIFund).

In his remarks, the Executive Secretary, NCDMB, Engr Simbi Kesiye Wabote underlined the tremendous success of the NCIFund in catalysing capacity development and investments in the Nigerian oil and gas industry. He hinted that the Fund serves as a model for local content practice across the African continent and inspired the creation of the African Energy Bank by the African Petroleum Producers Organisation (APPO), in partnership with the African Export Bank (Afreximbank).

He added that countries like Angola and Namibia are currently engaging the Board, with a view to understand the workings of the NCI Fund, so as to replicate same in their jurisdictions.

In Wabote’s words: “Today, Angola is thinking of establishing a similar credit line for their oil and gas companies. I think the parliament recently approved some sum of money for them to manage in that respect. Namibia is planning to do the same with the potential enactment of a Local Content Act.”

Wabote further commended the Bank of Industry for the successes being recording in the management of the NCI Fund, assuring that the Board will continue to look for other opportunities to increase its partnership with BOI.

He said: “Considering the effectiveness and success recorded by BOI, NCDMB may consider inviting BOI to send a nominee that will act as independent Director to the Board of Directors of some of the companies that we have invested equity in. This will help them overcome some of the prevailing issues around governance, liquidity and technical optimisation.”

On his part, the Managing Director of the Bank of Industry, Mr. Olukayode Pitan expressed confidence in the future performance of the Board’s funds domiciled in the bank while noting that these quarterly review meetings will impact on sustaining the effective disbursements and recovery of these funds.

According to him, the NCI Fund is performing excellently with 194 applications equalling US$1 billion /₦80.6 billion with 69 disbursements totalling US$324 million /₦38.4 billion as at the day of reporting.

The Board established the NCI Fund in 2018 with the purpose of financing Oil and Gas companies to increase capacity and grow Nigerian Content in the Industry Presently, the NCI Fund has five product lines which are being managed by the Bank of Industry. They include – Manufacturing Finance -$10m; Asset Acquisition Finance -$10m; Contract Finance -$5m; Loan Refinance -$10m and Community Contractor Finance – ₦20 million.

The US$50 million NOGaPS Fund was launched as a separate product in March 2023 to incentivize companies that will be domiciled and manufacture oil and gas equipment components within the NCDMB oil and gas parks being established at different locations across the country, with the sites in Bayelsa and Cross River State open for occupation.

The Board also has a US$30 million Working Capital Fund for oil and gas service companies and US$20m Fund for Women in Oil and Gas Intervention Fund. The last two facilities are administered by the Nexim Nigerian Export-Import Bank and the agreements were signed in mid-2021.

Linkage Assurance Unveils Motor Third Party Plus Variants to Enhance Customer Experience

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L-R: Humphrey Ozegbe, Chief Human Capital Officer/Head, Management Services; Moses Omorogbe, Company Secretary; Modupeade Adepoju, Head, ERM/Compliance; Emmanuel Otitolaiye, Chief Financial Officer; Okanlawon Adelagun, Executive Director, Technical; Daniel Braie, Managing Director/CEO; Imo O. Imo, Chief Strategy & Product Development Officer; Ohi Alufohai, Head, Human Capital  and Temitope Solomon, Head, Retail Marketing, all of Linkage Assurance Plc during the unveiling of the Company’s Motor Third Party Plus Variant at its corporate head office in Lagos.

Underwriting firm, Linkage Assurance Plc has unveiled budget-friendly motor third party-plus variants to enhance customer experience.

The Third Party Plus Variants provide policyholders with greater flexibility in choosing insurance coverage that suits their needs and risk tolerance.

Mr. Daniel Braie, Managing Director/CEO, Linkage Assurance Plc speaking at the unveiling ceremony at its corporate headquarters in Lagos said the variants are budget-friendly plans designed with simplicity in mind.

According to him, these make the insurance process straightforward and easy to understand, making it an appealing option for individuals who prefer uncomplicated insurance solutions.

The ‘Third Party Plus Motor Insurance Plan’ offered by Linkage Assurance Plc have value propositions for individuals looking for cost-effective coverage.

The CEO said the primary value proposition of budget-friendly insurance plans is their affordability.

“These plans are designed to offer coverage at a lower premium, which can be especially attractive for individuals looking to meet legal insurance requirements or protect against basic risks without a significant financial burden.”

Braie said the Third Party Plus variants as budget-friendly plans may not offer extensive coverage options, however they provide essential coverage needed to comply with legal requirements and protect against third-party liability and own damage.

“The Third Party Plus fulfill these legal requirements, allowing individuals to drive with confidence while meeting their obligations.”

This can be particularly beneficial for those who primarily wants coverage for potential damages or injuries caused to others in accidents, the CEO said.

Speaking on the cost management, he said for individuals on a tight budget, a budget-friendly insurance plan can help manage the costs associated with vehicle ownership.

“It provides a level of financial protection against unforeseen accidents without requiring a substantial financial commitment.”

These plans he said can be suitable for first-time vehicle owners or young drivers who are starting to build their driving experience.

“They provide a way to enter the insurance market and gain basic coverage without a significant financial outlay.”

The Third Party Plus and its variants will also contribute to insurance penetration, especially in the retail and personal line spaces because it’s associated with No Excess Buy Back, No Depreciation on claims, as well as reinstatement of cover upon erosion due to multiple claims.

NCC Lament Nigeria’s NRI Ranking Despite Telecom, Internet Position in Africa

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Professor Umar Danbatta, Executive Vice-Chairman/CEO, Nigerian Communications Commission (NCC) says Nigeria’s current ranking of 109 out of 131 countries on the Network Readiness Index (NRI) in 2022 is challenging and troubling.

Danbatta said Nigeria as a telecommunications powerhouse, with 82 percent of the continent’s telecom subscribers and 29 percent of the continent’s Internet consumption should have better NRI ranking than the current level of ranking. He added that the challenge becomes even more worrisome given that the nation rates 11th globally in terms of Internet penetration and seventh in terms of mobile phone usage.

The NCC Chief said: “The global data collected by the NRI team reveals that digital transformation is a global imperative in order to maximise the social and economic effects of the digital era.

It can create new inequalities which can hinder the ability of younger generations to engage in the digital economy, but also remains a powerful way to do more with less at all levels of income.

Formal education is evolving, and metrics are important to support informed policymaking. This requires reskilling and upskilling opportunities to be available, accessible, and affordable in order to have more inclusive and sustainable economies and societies.

Nigeria is a telecommunications powerhouse, with 82 percent of the continent’s telecom subscribers and 29 percent of the continent’s internet consumption. Our nation rates eleventh globally in terms of internet penetration and seventh in terms of mobile phone usage. Despite these remarkable metrics, the fact that our Network Readiness Index (NRI) ranking for 2022 is 109th out of 131 countries is both humbling and challenging?”

He described the NRI as a guiding metric that measures the role and impact of Information and Communication Technology (ICT).

“It explores the performances of 131 economies in four key categories: technology (infrastructure), governance, people, and impact. As agents of social and economic transformation in our nation, prioritising network readiness is not only a strategic necessity but a mandate. Throughout our deliberations, we will engage in thought-provoking forum discussions that explore the foundational pillars of NRI, through a number of presentations by renowned professionals in the technology landscape.”

NAICOM: ‘We Are Taking Note of Insurers Violating New Motor Insurance Rates’

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Mr. O. S. Thomas, the Commissioner for Insurance & CEO, National Insurance Commission (NAICOM) says the Commission is actively monitoring and taking note of insurance companies actively violating the new motor insurance rates in the country.

Thomas said at the 2023 Annual NAICOM Retreat for Insurance Journalists at Uyo, Akwa Ibom State, that the Commission will take punitive action against such insurers at the right time.

The NAICOM Chief said: “We’re taking regulatory note of insurers violating the new motor rates, which has come to stay. The system is adjusting to the new reality.”

He said the Commission has received a lot of commendations from various sources in respect of the N15, 000 Third-Party Motor Insurance despite the relative backlash from certain policyholders in the market.

In terms of micro-insurance, he said the challenges of micro-insurance growth in Nigeria include networking, infrastructure, insecurity and the recent rising cost of operations.

Allianz Nigeria Unveils Revamped Savings Product, AllianzTrust, Empowering Financial Futures

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Allianz Nigeria, a trusted name in the financial services industry is thrilled to announce the introduction of the revamped savings plan, AllianzTrust. This comprehensive savings solution has been meticulously redesigned to safeguard our customers’ finances amidst the current challenges being faced as a result of recent economic changes.

The revamped AllianzTrust features an array of variants, flexible savings options, competitive interest rates and a wealth of benefits; thus affirming Allianz Nigeria’s commitment to our customers’ financial prosperity.

The key feature of this upgraded savings plan is a structure that offers a variety of tenor options, allowing you to tailor your savings journey to match your unique objectives. Moreover, the plan offers comprehensive life and accidental death coverage, medical expense benefits, and more.

Commenting on the product revamp, Aimalohi Higo, Head of Alternative Distribution, Strategy, and Reputation, noted, “Amidst the evolving landscape, we, as Nigeria’s entrusted financial leader, have deeply contemplated avenues to alleviate financial concerns. Thus, we are introducing a revamped product, poised to reshape the financial futures of our valued customers. At Allianz Nigeria, we steadfastly believe in the potential within each individual to attain financial freedom. The revamp of AllianzTrust underscores our unwavering dedication to this conviction”

To commemorate the introduction of AllianzTrust, Allianz Nigeria is extending a warm invitation to all existing and potential customers to explore its features and benefits on their official website. Secure your financial future confidently through our revamped savings plan and embark on a transformative journey towards financial empowerment.

 

About Allianz Nigeria Insurance Limited:

Allianz Nigeria Insurance Limited stands as one of Nigeria’s fastest-growing insurance companies, offering a comprehensive portfolio of insurance products to individuals, small and medium-sized enterprises (SMEs), as well as commercial and corporate clients. Boasting a robust geographical network that spans across Nigeria, we are dedicated to assisting individuals, families, and businesses in safeguarding their futures.

Our solid financial foundation and technical prowess drive our commitment to delivering cutting-edge insurance products.

Our strategy revolves around the quality of our clientele, the expertise of our workforce, and the highest professional standards.

We are steadfastly committed to becoming one of Nigeria’s most reputable and trusted insurance providers, offering you the protection you need to preserve what matters most.

Allianz Nigeria Announces Relocation of Ibadan Branch to FD Mall

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Allianz Nigeria, a leading provider of insurance and financial services, is delighted to announce the relocation of its Ibadan branch to a more central and convenient location, effective June 2023.

The new office is now located at FD Mall, 13B University Crescent Beside Foodco Old Bodija, Ibadan, Nigeria.

The decision to relocate the Ibadan branch underscores Allianz Nigeria’s commitment to providing exceptional services and improved accessibility to its valued customers.

The new office at FD Mall offers a central location, ensuring increased convenience and a seamless experience for all clients.

“We are thrilled about the relocation of our Ibadan branch to FD Mall and the opportunities it brings,” said Mr. Abayomi Onifade, CEO of Allianz Nigeria. “The new location strategically positions us at the heart of Ibadan, enabling us to better serve our clients and strengthen our presence in the local market.”

Allianz Nigeria assures its valued customers that despite the relocation, its commitment to delivering high-quality insurance products, services, and support remains unwavering.

All contact numbers, email addresses, and communication channels remain unchanged, ensuring uninterrupted access to Allianz Nigeria’s comprehensive range of insurance solutions.

Allianz Nigeria would like to express its sincere gratitude to its customers for their continued trust and partnership.

The company is committed to going above and beyond to meet their insurance needs and provide them with peace of mind.

 

About Allianz Nigeria

Allianz Nigeria is a leading provider of insurance and financial services in Nigeria. With a strong focus on customer satisfaction and innovation, Allianz Nigeria offers a wide range of insurance products tailored to meet the diverse needs of individuals and businesses. With a dedicated team of professionals, Allianz Nigeria is committed to providing reliable, comprehensive, and personalized insurance solutions.

NAICOM Takes Third Party Motor Insurance Awareness to Uyo

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The National Insurance Commission (NAICOM) has taken public awareness of third-party motor insurance to Itan Central Park at Uyo, Akwa Ibom State.

Mr. Rasaaq Salami, Deputy Director, Corporate Communication & Market Development, represented the Commissioner for Insurance at the event, which was attended by a large number of commercial drivers in the State.

NLNG Visits President Tinubu to Deepen Collaboration, Ease of Doing Business

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President Bola Tinubu (GCFR) with members of Nigeria LNG Limited’s Board of Directors after a visit to the President at the State House…recently.

The Board of Directors and Management of Nigeria LNG Limited paid a courtesy visit to the President of the Federal Republic of Nigeria, His Excellency, President Bola Ahmed Tinubu, at the Presidential Villa in Abuja.

During the visit, Chairman, NLNG Board, HRM King Edmund Daukoru, CON, expressed profound gratitude to President Tinubu for his unwavering support in bolstering Nigeria’s position in the global energy landscape. He acknowledged the crucial role NLNG has played in Nigeria’s economy, noting the need for government support in resolving some challenges the Company is presently facing.

Speaking at the visit, the MD/CEO of Nigeria LNG Limited, Dr. Philip Mshelbila, stated that since inception, NLNG has contributed enormous revenue to the government through dividends and taxes, noting that the FIRS declared the Company as the largest tax-paying Company in 2022.

Mshelbila also emphasised that NLNG’s Domestic LPG (DLPG) Scheme has guaranteed LPG supply, availability, and affordability and has also stimulated the development of different parts of the DLPG value chain in Nigeria, with 100% of produced LPG volumes from NLNG dedicated to the domestic market, supplying about 40% of Nigeria’s domestic LPG demand.

He stressed that challenges around pipeline vandalisation have constrained NLNG’s production with consequent loss of revenue to the government. Besides, multiple taxation from various government agencies and the Finance Act, which is being amended yearly, distorts corporate planning and puts business on the back foot, stifling investor confidence and investment opportunities in the sector.

President Tinubu, in his response, thanked NLNG for the visit and commended NLNG for its steadfast commitment to excellence and immense contributions to the GDP, acknowledging the critical role the Company plays in Nigeria’s economy.

Tinubu affirmed the importance of Gas not just as a transition fuel but also as the fuel for the future, assuring that the Gas Sector would get priority attention in this administration. He assured the Board that all encumbrances to the progress and development of Nigeria’s industrial citizens as well as any further impediment to the business practice in the oil and gas sector would be swiftly removed.

President Tinubu emphasised that for the oil and gas industry to thrive, all stakeholders in the value chain, especially the host communities, need to be engaged and carried along to enable the government to build confidence and trust.

He urged the Board and Management of NLNG to continue to collaborate with the government to ensure that issues can be resolved quickly and efficiently while reiterating his administration’s commitment to ensuring that businesses thrive to generate economic prosperity and sustainable development.

STI DGM, Segun Bankole, Buries Dad in Style at Abeokuta

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L-R: Oluseun O. Ajayi, Chairman, Sovereign Trust Insurance Plc; Segun Bankole, DGM, Corporate Communications & Investor Relations, STI Plc; Abimbola Oguntunde, Director, STI Plc and Olaotan Soyinka, MD/CEO, Sovereign Trust Insurance Plc during the burial ceremony of Pa. Basil Omolola Bankole, a.k.a, Baba Soja, in Abeokuta, Ogun State.

Alliance of Frontline PR Professionals Endorses Nkechi Ali-Balogun for NIPR National President

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A coalition of seasoned and respected Public Relations (PR) professionals representing a diverse spectrum of industries have come together to endorse Nkechi Ali-Balogun (NAB) as the quintessential candidate for the position of National President of the Nigerian Institute of Public Relations (NIPR).

With a collective vision for the future of PR in Nigeria, this alliance firmly believes in Nkechi Ali-Balogun’s transformative leadership and her capacity to drive positive change within the industry, especially as the first woman in Nigeria in the running to lead the umbrella body for PR professionals in Nigeria.

Having held the esteemed position of leading the Lagos State Chapter of the Nigerian Institute of Public Relations, Nkechi has demonstrated her unwavering commitment to advancing the field.

The alliance, which comprises leaders who have shaped the PR landscape through innovation and excellence, recognises Nkechi Ali-Balogun as a visionary leader with a deep understanding of the profession’s challenges and opportunities. Her track record of accomplishments, strategic insights, and commitment to raising the standards of PR has earned her the unwavering support of this influential coalition.

NAB is a multi-talented luminary within Africa’s PR industry, boasting a wealth of experience spanning more than two decades across diverse facets of the Public Relations and Training Consultancy landscape.

Commenting on behalf of the alliance, Odion Aleobua, the convener of the group, stated, “At this critical juncture in our industry’s development, we need a leader who not only understands the evolving dynamics of communication but is also dedicated to fostering collaboration, growth, and ethical standards in PR practice.”

Her profound understanding of client and service perspectives and adeptness at delivering innovative solutions to managerial challenges has solidified her reputation as a trusted expert. Nkechi’s journey has led her to the helm of NECCI Consulting, where she serves as the Principal Consultant and CEO.

“Nkechi Ali-Balogun’s demonstrated passion for PR, her emphasis on continuous learning, and her inclusive approach make her the ideal candidate to lead NIPR into a new era of excellence,” said Israel Jaiye Opayemi, President, Public Relations Consultants Association of Nigeria (PRCAN).

The alliance emphasizes Nkechi Ali-Balogun’s ability to bridge the gap between traditional and digital PR practices, ensuring that the profession remains relevant and effective in an ever-changing media landscape. Her commitment to nurturing emerging talents and her dedication to creating a more connected PR community align seamlessly with the coalition’s values.

“Nkechi Ali-Balogun’s leadership is a testament to her ability to inspire, innovate, and steer PR professionals toward achieving impactful results,” Rasheed Bolarinwa, President of the Association of Corporate Affairs Managers of Banks in Nigeria (ACAMB), said.

Also commenting, Tolulope Olorundero, Founder and Chairperson of Nigerian Women in Public Relations, stated that “NAB’s vision for NIPR resonates with our collective aspirations for a stronger, more influential PR industry.”

Guided by a transformative mindset, Nkechi excels in converting obstacles into avenues of growth, drawing from her own experiences to provide insights and strategies that resonate. Her creative intuition and strategic acumen set her apart, contributing to her triumphant trajectory as a mentor, motivational speaker, and catalyst for industry evolution.

 

More About Nkechi Ali-Balogun

Essential Qualifications that Define Nkechi Ali-Balogun’s Remarkable Journey:

  • Academic Eminence: Nkechi is an alumnus of the prestigious University of Lagos, where she laid the foundation for her remarkable career. She further enriched her knowledge with an MBA in Management from the University of Nigeria, Nsukka, and a Postgraduate Diploma in Marketing from the same institution.
  • Global Expertise: Nkechi’s quest for knowledge led her to distinguished institutions such as the Lagos Business School and the revered Frank Jefkins School of Public Relations in London, where she honed her skills in Public Relations Management.
  • Breaking Boundaries: Nkechi Ali-Balogun’s trailblasing spirit was recognized when she became the recipient of the Most Outstanding Public Relations Practitioner (Female) award from the Nigerian Institute of Public Relations in Lagos, a historic feat as the first woman to attain such recognition. Her accomplishments extend far beyond this milestone, with numerous other accolades attesting to her impact.

Nkechi Ali-Balogun’s story is of relentless dedication, constant growth, and the pursuit of excellence.

As a visionary leader, she has elevated herself and become a beacon of inspiration and transformation for the entire industry. Her journey is a testament to the power of expertise, innovation, and the unyielding pursuit of greatness.

 

About the Alliance:

The Alliance of Frontline PR Professionals is a coalition of esteemed PR leaders who have joined forces to support and endorse Nkechi Ali-Balogun’s candidacy for National President of the Nigerian Institute of Public Relations (NIPR).

The alliance comprises professionals from various industries who share a joint commitment to advancing the PR field in Nigeria.

Their endorsement reflects their confidence in Nkechi Ali-Balogun’s ability to lead NIPR into a future of growth, innovation, and collaboration.

 

They include:

Odion Aleobua – Convener & CEO, Modion Communications

Israel Jaiye Opayemi- Founder, Chain Reactions Africa

Rasheed Bolarinwa – President, ACAMB

Tolulope Olorundero – Founder, Nigerian Women in Public Relations

John Ehiguese, Group CEO, Mediacraft Associates

Nn’emeka Maduegbuna – Chairman – C&F Porter Novelli

Adetokunbo Modupe, Founder, TPT International

Nikiru Olumide-Ojo – Executive Head of Africa Regions Corporate Communications Marketing & Corporate Social Impact at Standard Bank Group

Tokunboh George-Taylor – Managing Director of Hill+Knowlton Strategies Nigeria

Adekunle Ayeni – Founder/CEO of BHM

Chuddy Oduenyi – Managing Director, Compact Communications

Adedayo Ojo – Founder, Caritas communication

Bolaji Abimbola – MD, Integrated Indigo

Hassan Abdul – Founder Media Range

Chido Nwakama – Chief Executive, Brandhaus Communications

Ken Egbas – Founder, TruCSR

Abudul Imoyo – Head of Public Relations at Access Bank Holdings

Jide Sipe – Head of Marketing and Corporate Communication at Ecobank Nigeria

Temitope Akande – Head, Corporate Affairs PR, Lagos State Signage and Advertisement Agency

Kunle Odusola-Stevenson, Founder, Legend & Legacy

Mr Lanre Alabi. MD, Prosper Strategies

Babajide Benson – ED, Cast Communications Advisory

ATIMS AWARDS: Kanye Tagbo-Okeke, a Nigerian Prodigy, Shines in New York

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In a remarkable achievement that shines a spotlight on extraordinary talent and perseverance, young Nigerian prodigy, Kanyeyachukwu Tagbo-Okeke has once again brought honor to his homeland, this time in the bustling heart of Times Square, New York.

At the tender age of 13, Kanyeyachukwu has achieved a milestone that cements Nigeria’s presence in the global art scene – he is now the youngest recipient of the esteemed Atims Top 60 Art Masters Award.

Among the captivating artworks showcased in the center, Kanyeyachukwu’s distinctive talent in abstract painting has earned him the endearing title of “the young Picasso of Nigeria.” This moniker is a testament to his exceptional finesse and expertise that are showcased in his artwork.

What makes Kanye’s journey even more poignant is his remarkable triumph over adversity. Living with autism, he has garnered widespread acclaim for his exceptional artistic creations, which grace galleries across the world – from Canada and the United States to airports and his home country of Nigeria.

Kanye’s creative talents began to manifest at an early age. He is a student at Aduvie International School and receives additional support from the Zeebah Foundation Autism Center and Olg Autism Center.

Hailing from the town of Amichi in Nnewi South, Anambra, Kanye is the beloved son of Silvia and Tagbo Okeke. His inspiring story serves as a beacon of hope and inspiration for aspiring artists and individuals facing similar challenges.

This achievement not only celebrates Kanyeyachukwu Tagbo-Okeke’s remarkable artistic talents but also highlights the importance of embracing diversity and inclusion in the world of art.

The ATIMS Awards is a prestigious recognition in the field of art, celebrating exceptional talents from around the world.

The Top 60 Art Masters Award acknowledges artists whose work demonstrates outstanding creativity and skill, contributing to the global art landscape.

NASENI, Nasarawa State Partner on Lithium Processing Policy

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L-R: Dr. Mrs. Olayinka Komolafe, Secretary to the Agency, NASENI; Dr. Bashir Gwandu, Executive Vice Chairman/CEO, National Agency for Science and Engineering Infrastructure (NASENI); Engr. Abdullahi A. Sule, Executive Governor of Nasarawa State and Mrs. Nonyem Onyechi, Cordinating Director, Planning and Business Development, NASENI when the governor paid a working visit to the Agency’s headquarters, Abuja on Friday 18th August, 2023.

The Nasarawa State government and the National Agency for Science and Engineering Infrastructure (NASENI) are set to partner on a lithium processing policy that would ensure that Lithium mined in the State is processed locally instead of exporting it raw.

The processing policy is in line with NASENI’s drive to encourage the processing of Strategic Solid Minerals and particularly to ensure that batteries are produced locally for both electric vehicles as well as other energy storage applications.

This was disclosed when the Executive Governor of Nasarawa State, Engr. Abdullahi A. Sule paid a courtesy visit to Dr. Bashir Gwandu, the Executive Vice Chairman and Chief Executive Officer of NASENI at the Agency’s headquarters in Abuja at the weekend. Nasarawa state is one of the states acknowledged to have potentially the largest deposits of lithium in Nigeria.

Recently NASENI has made headlines on its efforts to encourage investors and Nigerian lithium off-takers from around the world to come and partner with it to process various combinations of lithium into batteries locally. This will include lithium processing from mineral crushing and extraction all the way to final products that can be used both locally and also export to other countries.

Some companies from China have already started visiting NASENI as a response to the call. Dr. Gwandu disclosed that NASENI will partner with other government agencies such as Rural Electricity Agency (REA), Nigerian Geological Survey Agency (NGSA) and other investing institutions on this effort.

He said he was pleased that the Nasarawa state governor is coming to collaborate with NASENI in this regard. A number of companies have indicated interested in investing in Nasarawa state to process lithium in various quantities ranging from 1,000-3,000 tonnes per day. So far, almost 6,000 tonnes per day are projected to be processed daily in Nasarawa alone.

On his part, Governor Sule said the companies have already indicated interest to process the 6,000 tonnes per day in Nasarawa state, adding that other states such as Kebbi, Kwara, etc., might also attract such kind of companies and investments, and there is need for proper coordination, and for all hands to be on deck to ensure that Nigeria takes its place by being recognised as one of the largest lithium producers in the world.

The Governor added that there is something happening that is akin to Gold Rush which he termed ‘Lithium Rush” happening in his state and this is because lithium price in the world market has jumped from $6,000 per metric tonnes to $78,000 per metric tonnes. “Nasarawa state has a large quantum of Lithium and hence the need to have a better working synergy with NASENI for purposeful exploration, extraction and processing.”

According to Engr. Sule, NASENI is him, considering the number of projects that are adding value to the economy of his state, urging that the NASENI Solar in Gora may be used as lithium processing and battery production plant considering its proximity to the raw materials and also the proximity to the NASENI Solid Minerals institute which is also located in Nasarawa town in the same state.

While promising to give the Agency necessary support, he called for more collaborations with the State as it plans a second economic summit that would be tagged “Lithium Rush Summit”.

The EVC stated that during recent visit to Nasarawa he had encouraged the Institute to allow the use of its machines by the local communities and small companies for efficient utilization and capacity building and for economic development.

The governor who stated that he heard that the Agency was planning on building an airport, urged it to utilise the State’s cargo airport for evacuation of its products.

While responding further to His Excellency Governor Sule, Dr. Gwandu disclosed that NASENI does not have any plan to build an airport but is working on establishing an MRO/ARO as part of our efforts to develop capacity for both maintenance and eventual aircrafts parts production to service aerospace industry which is likely to be sited in Abuja in view of its location and electricity supply.

He promised that NASENI will actively participate in any conference by the State with regard to lithium. He said NASENI Institutes have industrial machineries and other equipment and workforce that were readily available to lead Nigeria to industrialise and achieve a diversified economy but doing this requires huge funds outlay to fulfil the Agency’s mandate.

He requested the governor to be one of the ambassadors of NASENI in NGF. He said NGF holds key to the release of NASENI’s held up funds.

Moreover, he said the governors support is key to enabling the Agency carry out its works in the areas of science, technology and innovation (STI), geared towards the industrial development at the States.

Guild of Marine Surveyors to Hold 2nd Ogadina Memorial Lecture Aug 24

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The President, Guild of Marine Surveyors, Wale Adetoro, says the second annual Ogadina memorial lecture with the theme, “Championing Professonalism & Competence in Effective Service Delivery” will hold on Thursday, August 24, 2023 at NERDC Conference Centre & Guest House, Agidingbi, lkeja.

He noted that Mrs. Yetunde Ilori, the Director General and Chief Executive Officer of the Nigerian insurers Association NIA), would be the Guest Speaker and the time is 11.00 to 1.00pm, adding that all executives of insurance companies and stakeholders in the maritime sector are invited to the memorial lecture.

Ogadina was a co-founder of the Guild and was the first elected President and he was also the Chairman/Chief Executive Officer, Seaguard lnternational Services until he passed on June 17, 2021 at the age of 57.

The maiden memorial lecture in his honour was held on June 17 2022 at Emma Unachukwu Hall, Yaba College of Technology with the theme, “Development in the Maritime, lnsurance & Surveying industries.

The Guest Lecturer then was Raphael Falokun, a former Director at the Industrial and General Insurance Limited.

Book Review: Cyber Politics – Social Media, Social Demography and Voting Behaviour in Nigeria

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Title: Cyber Politics – Social Media, Social Demography and Voting Behaviour in Nigeria

Author: Dr. Omoniyi P. Ibietan

Publisher: Premium Times Books

Year: 2023

Pages: 460

Reviewer: Azu Ishiekwene

Date: July 25, 2023, Abuja, Nigeria

My job today is to review the book, and not the man. But since the man made the book, I would, to slightly paraphrase Oscar Wilde, overcome by yielding to the temptation of reviewing the man.

In case you didn’t know the meaning of the “P” as it appears in the middle of the author’s name on the cover of the book for review, “P” is for “Paul”, the famous cousin of “Peter” in many nursery rhymes.

Another quick disclosure, perhaps a not-so-secret one. Whatever his current bourgeoise pretensions, the author was a former student’s union leader first at the Kwara State College of Technology, Ilorin, and later, at the University of Abuja, where he was rusticated in the famous case of Niyi Ibietan & 45 others v. University of Abuja & 2 Others.

The author, whose parents are from the old Kwara State, later re-enrolled at the University of Uyo. As a result of the disruption caused by his activism, it took him 10 years to obtain his First degree; but when he did, he did so in style. He finished top of his class. A great relief, as you can imagine, for his long-suffering parents who had during his childhood, also endured the scare of rashes that nearly claimed his life within the first six months of birth in Kaduna.

Enough said about him for now, though later, you might see the link.

To the subject matter: Cyber Politics – Social Media, Social Demography and Voting Behaviour in Nigeria. When I first voted in an election in Nigeria in 1983, the Internet was just newly born. It had not even been properly named.

Forty years later when I voted for the fifth time, my daughter who attained voting age only 13 years ago and has since voted only once, as far as I know, was telling me from thousands of miles away, where she now lives with her family, how she thought I should have voted and for who.

This was by no means a unique experience. A very close friend and managing director of one of Nigeria’s leading media houses told me at the height of the 2023 elections that the politics of who to vote for and why so polarised his home that he had to convene a family meeting where it was decided that all political talk was off limits until after the elections.

But Cyber Politics is not about the last general election and filial squabbles. It’s a deeper phase in the exploratory journey of Niyi P. Ibietan whose interest in political communication and its sociology go back to his early student days.

What started, perhaps as mere curiosity in his undergraduate days and in his early working life about the role of the media in enhancing freedom, soon found expression in his journalism and monographs. This passion, which later deepened in his Master’s dissertation, has crystalised in the formidable academic work that is the subject of this review.

In 12 chapters of 460 pages including the bibliography set against the background of Nigeria’s 2015 general elections, Cyber Politics examines the theme of cyber culture, social demographics and political communication. It is a subject that evokes decades of research, but which nonetheless retains its fascination as scholars continue to explore the fraught question of why voters behave the way they do, especially during elections.

Seventy-five years ago, or so, when another Paul, Paul Lazarsfeld (Berelson, Lazarsfeld, & McPhee) took this question to the streets of North Carolina after the US Presidential election to ascertain what influences voter behaviour in what is now famously called the Columbian studies, the researchers concluded that media and campaigns have minimal effects on voters.

Or to adapt Bernard Cohen’s famous phrase, the press was increasingly vital in awareness and relevance, but not necessarily in voter behaviour and attitude.

Keep in mind that before Lazarsfeld and others conducted the Columbian studies, contributions from social psychology in the 1930s, especially following the impact of Hollywood which was then on the rise, and Hitler’s exceptional propaganda in the War, had created the impression that people were like “sitting ducks” for information.

In technical jargon, this view of knee-jerk reaction to information consumption was called the “Hypodermic Needle” theory. The social context for it in Europe at the time was that it was unlikely for Hitler, especially, to have succeeded, if individuals had not become isolated, atomised and left completely vulnerable to the “bullet” of propaganda.

By the time Marshall McLuhan wrote the Gutenberg Galaxy (1962), expressing the view that instantaneous communication would undermine geographically based power imbalances, the world had almost gone full circle from Laswell to Lazarsfeld, Melvin DeFleur and other scholars whose studies showed that social factors also play a role in mediating information.

So, what is the point of Cyber Politics? By the way, except we want to commit the grammatical blunder of people who say things have gone 360 degrees, when they actually mean to say 180 (the correct mathematical expression of about-turn), how can a world in which President Donald Trump still believes he can rile up voters on Twitterverse, be said to have moved significantly from the hypodermic needle? And wasn’t it also widely believed that social media played perhaps a direct consequential role the Arab Spring?

In parts of Cyber Politics, but in far greater detail in Chapters One, Five and Six, the author not only examines earlier studies on the impact of social factors, including peer, opinion leader and family influences on voter behaviour, he also sets out the broad objectives of the book, raising issues that are both specific and contemporaneous in value.

In other words, instead of leaving the reader wondering what happened on the streets of North Carolina in Lazarsfeld’s studies decades ago and how that affects him in Gwagwalada, Abuja, Cyber Politics uses Nigeria’s 2015 general elections as anchor.

It explores, among other things, the question of whether political conversations amongst Nigeria’s estimated 33 million active social media users, especially the influencers as of 2021 had any significant impact on the outcome of the 2015 election.

Interestingly, at Page 89 of the book, you would find that the winner of that election, President Muhammadu Buhari, thought social media helped him win. Did it, really? And could it mean that President Goodluck Jonathan who in 2011 actually announced his intention to run for president on Facebook, lost momentum four years later in that space? Or were there other factors for Buhari’s victory? You’ll have to read the book for possible answers.

Cyber Politics, was of course, not the first to venture into the theme of the 2015 elections, voter behaviour and social media in Nigeria. In Chapters One and Four, for example, the author cites other studies which had touched on the subject, too.

What commends Cyber Politics, however, as we see in Chapter Three, is its laser-beam focus on the role of three pre-selected social media platforms – Facebook, Twitter and WhatsApp – on voter behaviour especially in the election under reference.

Whatever anyone says, I suspect politicians believe that social media works. Whether it counts at the ballot is another matter – and of course, the subject of this book.

What do I mean? When it became obvious during the 2023 general elections that political ads were not coming to LEADERSHIP as projected, for example, I called folks in the campaign of one of the major parties to ask why. “Well, sorry,” one of the seasoned media guys on the campaign told me. “We’re doing more on social media now.”

I was scandalised that folks who had built their careers in the mainstream and whom we were banking on would leave us high and dry! But I understood, even if I did so with a heavy heart! Why? A BBC online report www.bbc.co.uk/bitesize/guides/zd9bd6f/revision/7 said, “Politicians are investing heavily in the use of websites, blogs, podcasts and social networking websites like Facebook and Twitter as a way of reaching voters.”

“During the 2019 election campaign,” the BBC report continued, “the Conservatives spent one million pounds on Facebook alone, at a point, running 2,500 adverts.”

After explaining the meaning of such frequently used words in the text as “cyber politics,” “social media networks,” “voting behaviour,” and “public servants” in the opening chapter, the author explains at Page 63, that the three social media networks were chosen largely because of their capacity for sociality, specifically, “cognition, communication and community,” the soul of social media.

Chapters Four, Five, Nine and Ten, of Cyber Politics, deal in extenso with research questions, theory and models, including the “Channel-Factor Model”, which brings intrinsic perspective to political communication in Africa. These chapters are complete with bar and pie charts, pyramids and grids, analysing data collected from the sample population. The text would be of significant interest to academics and communication scholars.

For example, the author argues at Page 326, that “poly-mediation” or the interaction of multiple social factors, including opinions of persons that respondents’ respected, “books, historical and global events” and even predictors from the mainstream media, tended to influence their voting decision.

As of the time of writing this review, my anecdotal research in the mass communication curriculum of the University of Lagos; Ahmadu Bello University; and the University of Nigeria, turned up virtually no current locally authored full-length texts in cyber politics.

In light of the exponential growth in social media adoption and use in the last few years, two election cycles after 2015, COVID-19 and #Endsars, students, researchers and scholars would find Cyber Politics a valuable resource material.

I suspect, however, that non-eggheads might find the book a bit tedious, in spite of its high edit quality, clean pages and great production. It’s not their fault. I guess in some way, the book is like the author – serious, bookish and polemical. It is mainly the fruit of his three-year doctoral research at North West University, South Africa, which not only deepened his interest in communication scholarship and its nexus with freedom, but also left him grayer as you can see.

But that’s not to say that softball lovers like me have little or nothing to look forward to in the book. Far from it. As a journalist, for example, shouldn’t I be concerned about the emergence of social media as the “Fifth Estate of the Realm”, a prospect that the author raised in Chapter Two?

Would this new estate, in which users are both producers and consumers of information, displace the Fourth Estate, especially if as Time Magazine said in its February 5, 2009 edition, journalism was already in its death throes?

Well, it’s nearly a decade and a half since, and we have seen that the death of journalism was perhaps slightly exaggerated. Convergence has also taught us that it is possible for the Fourth – and perhaps the Fifth – Estates not only to coexist, but also to be mutually reinforcing.

Cyber Politics helps me as a voter to ponder if the social networks I belong to or the influencers I follow have any potential effects on my political behaviour either in terms of mobilisation or my actual voting decisions. Sometimes we think we’re our own man, until we realise like Pavlov’s dog, that someone somewhere might be pulling the strings.

But is it true as the author said at Page 317, that social media influencers are “motivated to undertake organised campaigns during the election using their platforms, largely due to the need to bring about a better social order?” It does appear to me (and perhaps this was unique to the 2023 elections) that social media influencers were just a force for good as they were a force for mayhem.

The sludge of fake news sometimes unleashed by so-called influencers, not to mention toxicity of the avatars in that space who often insisted it was either their way or the highway, left people like me bereft and alienated.

What about the adverse role of Big Tech in privacy breaches and data manipulation – I’m speaking of course about Meta’s $725 million settlement over the Cambridge Analytica scandal and Elon Musk’s $44 billion Twitter adventure! Were these also motivated by a desire to do good? It would be interesting to see how Cyber Politics 2.0 or any other research into the 2023 election explores these episodes.

Finally, there’s also something in the book for politicians, but I hope I’m not committing business suicide by saying this. In Chapter Nine, Cyber Politics not only explores the role of Facebook, Twitter and WhatsApp in voter behaviour among various social demographics in 2015, it also examines the elements and utility of these social networks and their resonance with voters.

Yet, whatever Cyber Politics or any other text on voter behaviour may say to politicians, our politicians, while they may keep one eye on social media they will, as Joseph Stalin famously said, keep the other eye on “the people who count the vote!”

So, you can see that in spite of his serious approach to life and literature, Dr. Niyi P. Ibietan still manages to produce a book that offers something of interest, to a significant collection of groups!

We have in our hands today, a token of the exertions of the infant who survived the afflictions of rashes in childhood, and the Paul who endured the persecutions of “constituted authority.”

The author is a scholar who is living the cosmology of his name, Omoniyi; not only by bringing honour and pride to his work, but also by expanding meaning of his surname, Ibietan, beyond the denotative, geospatial sense of immediate family or relations, to the global community where a simple device and its uses, is fundamentally affecting our shared values and perhaps, shaping our interests.

Now you understand why it is not possible to review the book, without reviewing the man! As the conversation continues, I commend the book to you without hesitation.

 

NB: Ishiekwene is a Journalist, Syndicated Columnist and Editor-In-Chief of LEADERSHIP

 

 

 

Insurance Meets Tech 2.0 2023: Registration Opens

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As the highly anticipated second edition of INSURANCE MEETS TECH (IMT 2.0) scheduled to take place on September 28 and 29, 2023, at the Civic Centre, Victoria Island, Lagos, approaches, the event’s organisers have announced the official commencement of the registration phase for participants.

According to Modion Communications, the two-day Conference and Exhibitions conveners, the registration portal officially opened to prospective delegates on Friday, August 18, 2023, on IMT 2.0 official website: https://insurancemeetstech.com/.

Delegates and VIP Delegates will now seamlessly register and pay the Conference Early-bird fee of N20,000 and N50,000, respectively, on the portal.

According to IMT Conference and Tradeshow Director, Precious Ubah, the event will feature 50+ Speakers, 20+ Demos and Masterclasses, and about 3,000 participants expected to grace the tradeshow.

She added that IMT2.0 would converge policymakers, regulators, keynote speakers, and sector leaders in six robust panel discussions. There will be VIP and Delegates Lounges, Water-front Exhibitions, Masterclasses and Demo Day Hubs to share ideas and innovative solutions for leveraging technology to drive insurance penetration and improve the insurance industry’s efficiency and effectiveness.

Thought leaders and regulators at the events would share comprehensive insights on data analytics and artificial intelligence that will bolster product development, improve underwriting and claims management processes, help curate cyber security risks, and define the role of web aggregators in the industry’s value chain.

“We are excited to bring together the brightest minds from both insurance and technology to explore how these industries can collaborate for mutually beneficial outcomes. The registration process promises to be seamless and user-friendly, ensuring that interested individuals and organisations can easily join this transformative gathering.

“We therefore urge prospective delegates to register early and secure their spots by taking full advantage of the opportunity of the early-bird offering ahead of the event that promises rich networking opportunities with thought leaders, pioneers and peers in the ecosystem,” Precious Ubah added.

Also commenting, the Convener, INSURANCE MEETS TECH, Odion Aleobua, stated: “Insurance Meets Tech is more than just a meeting place for institutional stakeholders, industry professionals and innovators in the Life, General, Health Insurance, Insurtech, and other allied sectors. It is a crucible for innovation, where cutting-edge solutions would significantly impact the actualisation of Nigeria’s holistic financial inclusion target,” he added.