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INEC Chair, Mahmood Yakubu, to Deliver GOCOP Annual Lecture Oct 6

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Professor Mahmood Yakubu

Chairman

Independent National Electoral Commission (INEC)

The Chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu, has confirmed his readiness to keynote the 2022 conference of the Guild of Corporate Online Publishers (GOCOP) on Thursday, October 6, 2022, at Sheraton Hotel, Lagos.

His confirmation was conveyed via a letter dated September 19, 2022 and addressed to the President of GOCOP, Maureen Chigbo.

The Chairman, Planning Committee of the conference, Ken Ugbechie, said the theme is ‘2023 Elections: Managing the Process for Credible Outcome’ and will be chaired by Dr. Umar Ardo, Founder of Centre for Alternative Policy Perspectives and Strategy (CAPPS).

Three panellists drawn from relevant stakeholders in civil society, legal profession, security and international organisations are expected at the event. They are Mr. Ebun-Olu Adegboruwa, SAN; Dr. Solomon Arase (Retired Inspector General of Police) and Dr. ChiChi Aniagolu-Okoye, Regional Director, Ford Foundation (West Africa).

Ugbechie noted that this year’s conference will be holding barely five months to the 2023 general elections and one week into the official commencement of campaigns by political parties, adding that it will provide a fitting roadmap for political actors and the various publics on the need to play by the rules and conform to acceptable electoral behaviour.

He further highlighted that this year’s conference will be heralded by a business luncheon with GOCOP partners and other media stakeholders on Wednesday, October 5, at the same venue.

It could be recalled that previous speakers at GOCOP conferences included Rev. Matthew Hassan Kukah, the Bishop of the Catholic Diocese of Sokoto who took to the podium in 2019 to speak on “Economy, Security and National Development: The Way Forward”. In 2021, Mr. Boss Mustapha, Secretary to the Government of the Federation keynoted the Conference in his capacity as Chairman of the Presidential Task Force on Covid-19. He spoke on: “Post Covid-19 Pandemic: Recovery and Reconstruction in Nigeria.”

A press statement by Remmy Nweke, Publicity Secretary of GOCOP quoted Ugbechie as saying that “the Guild was established to ensure that online publishers uphold the tenets of journalism in doing their jobs with membership cutting across Editors and senior journalists who, having distinguished themselves in the print and broadcast journalism, ventured into online journalism which is both the present and future of journalism globally.”

“The conference is therefore a veritable platform for the distillation and sharing of ideas from a carefully chosen array of resource persons from the entire socio-political ecosystem. GOCOP intends to use the opportunity of the conference to moderate the already tense political climate as well as to proffer solutions to current and anticipated challenges arising from the elections,” the statement said.

 

IMT 2022: Nigeria’s 1st Conference to Stream on 5G Internet Broadband

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MTN Nigeria, a subsidiary of MTN Group Limited and Nigeria’s most prominent mobile telecommunications company with over 74 million subscribers, has joined the growing list of leading corporates supporting the Insurance Meets Tech (IMT2022) Conference, billed to hold on Thursday, September 29, 2022, in Lagos, Nigeria.

Themed “Leveraging Insurtech to disrupt the customer acquisition journey,” Insurance Meets Tech Conference (IMT2022), which holds at Ecobank’s pan-African Center in Lagos, on Thursday, September 29, 2022, will gather industry captains who will share insights and data on how the insurance sector players can leverage tech and digitalisation to deepen access and market penetration.

The leading ICT firm joins other organisations such as Ecobank, Microsoft Nigeria, aYo Holdings Ltd, Old Mutual, Curacel, Leadway Assurance, AXA Mansard, MediSmarts, ActivEdge, ETAP, MotoMarket, Paddy Cover and Interswitch Group, whose leaders will be speaking or making presentations to the delegates.

IMT 2022 will feature presentations from Microsoft Nigeria, MTN, Active Edge and MotoMarket, while the Group Chief Executive Officer, aYo Holdings Limited (South Africa), Marius Botha, whose organisation has a presence in five African countries, will share learnings on how tech has enabled their growth and adoption across the continent.

With MTN Nigeria confirming participation and providing full Internet Broadband for the industry discourse, the insurtech summit will become the first Nigerian event to stream on MTN’s newly launched 5G internet network.

IMT2022 Convener, Odion Aleobua, who is also the Chief Executive Officer of Modion Communications, said; “We are poised to disrupt West Africa’s insurance and insurtech space, and it will be a thrilling experience for those who would participate in person for this era-defining discourse.

“The delegates who would join virtually on www.insurancemeetstech.com would be streaming via a first-of-its-kind 5G Internet Broadband at a connection speed of over 900 mbps. Interestingly, virtual conference organisers need about 100 mbps for a superior streaming experience, but with 900 mbps 5G internet broadband, we have an outstanding internet connection plan that will be the first to be put in place in Nigeria,” Aleobua said.”

Leadway Assurance: 34 Young Professionals Scale 2022 Graduate Trainee Programme

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Tunde Hassan-Odukale

Managing Director/CEO

Leadway Assurance Company Limited

In the quest to bolster its talent pipeline, Leadway, Nigeria’s foremost financial services provider, has graduated thirty-four (34) young and vibrant professionals following their successful completion of the company’s 2022 Graduate Trainee Programme. All the successful Trainees have been inducted into its diverse business portfolios.

The six-month intensive and immersive programme equips young graduates with the relevant skill set required to thrive in the dynamic and ever-evolving workforce.

The training modules dealt with problem-solving, networking, technical and soft skills, workplace culture, digital proficiency for self-development, and professional capabilities preparing the Trainees to serve in different departments across the diverse verticals of the business.

Speaking at the graduation ceremony for new professionals, Managing Director/Chief Executive Officer, Leadway Assurance, Tunde Hassan-Odukale, stated that the Graduate Trainee programme aligns with the organisation’s corporate twin mandate of providing career opportunities and upskilling Nigeria’s growing young, vibrant and productive population. The programme also strengthens its workforce with the right talent pool for its ambitious growth objectives.

“Our people are the centre-point of our continued marketplace performance and at the core of the organisation’s value creation. So, it is pertinent that we house the best talents in the industry to drive our objectives within the frames of our values and in alignment with the company’s vision and leadership position in the African insurance marketplace.

The Leadway Graduate Trainee Programme is designed to achieve a sustained pool of the required elite skills and talents by initiating young, promising, dynamic, future-centric minds into a comprehensive upskilling process that tunes them towards actualising the mandate of advancing our esteemed ethos.

“We are optimistic that the skills, innovation, and creativity that this programme unleashes satisfy the expectations of our cultural, strategic and operational requirements. We are confident that the training and onboarding of these young professionals further validates our profile as a youth-oriented and future-forward organisation.

“I would like to congratulate and celebrate the 2022 Leadway Graduate Trainees. Their successful induction is a testament to the tenacity, hard work, and commitment deployed during the six-month rigorous tutelage”, he added.

Leadway Assurance is one of Nigeria’s foremost insurance service companies with a reputation for service efficiency and customer reliability. The organisation is committed to bridging the financial protection gap and increasing the insurance penetration rate in Nigeria.

 

NCC, NIRSAL, NCDMB, NNPC, NLNG to Lead Partners @GOCOP Conference

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The sixth annual conference of the Guild of Corporate Online Publishers (GOCOP) has continued to gain traction across sectors with partnerships being forged among key institutions in the country.

Chairman, 2022 Conference Committee, Mr. Ken Ugbechie, disclosed that some notable institutions have firmed up their partnership for this year’s conference slated to hold on Thursday, October 6 at Sheraton Hotel, Ikeja-Lagos.

He listed some of the key institutions to include the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc.), Nigerian Communications Commission (NCC), Nigerian Content Development & Monitoring Board (NCDMB), and Nigerian National Petroleum Company Limited (NNPC).

Others are First Bank Plc, the Nigeria Liquefied National Gas (NLNG) Limited, The Presidency, Wema Bank, Zenith Bank, Nigeria Ports Authority (NPA, etcetera.

A press statement by GOCOP Publicity Secretary, Remmy Nweke, also quoted Ugbechie as saying that this year’s theme is “2023 Elections: Managing the Process for Credible Outcome” and will feature prominent stakeholders in the polity, civil society organisations, security, judiciary and media, to name a few.

Ugbechie also noted that this year’s conference will be holding barely five months to the 2023 general elections and one week into the official commencement of campaigns by political parties, thus it provides a roadmap for political actors and the various publics on the need to play by the rules and conform to acceptable electoral behavior.

He further highlighted that this year’s conference will be heralded by a business luncheon with GOCOP partners and other media stakeholders on Wednesday, October 5, at the same venue.

It could be recalled that previous speakers at GOCOP conferences include Rev. Matthew Hassan Kukah, the Bishop of the Catholic Diocese of Sokoto who took to the podium in 2019 to speak on “Economy, Security and National Development: The Way Forward”. In 2021, Mr. Boss Mustapha, Secretary to the Government of the Federation keynoted the Conference in his capacity as Chairman of the Presidential Task Force on Covid-19. He spoke on: “Post Covid-19 Pandemic: Recovery and Reconstruction in Nigeria.”

He recalled that “The Guild was established to ensure that online publishers uphold the tenets of journalism in doing their jobs and our membership is a constellation of Editors and senior journalists who, having distinguished themselves in their various stations, ventured into online publishing which is both the present and future of journalism globally.”

“The conference is therefore a fitting platform for the distillation and sharing of ideas from a carefully chosen array of resource persons cutting across the entire socio-political ecosystem. GOCOP intends to use the opportunity of the conference to moderate the already tense political climate as well as to proffer solutions to current and anticipated challenges arising from the elections,” the statement said.

 

NCC to NSSB: Create Awareness on Research, Digital Literacy Projects

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L-R: Haruna Sani, Senior Special Assistant to Nasawara State Governor on Information and Communication Technology; Dr. Beluchi Nwanisobi, Head, Knowledge Management, Nigerian Communications Commission (NCC); Sani Jibrin, President, Nasawara State Students Association; Saadatu Yahya, Executive Secretary, Nasawara State Scholarship Board (NSSB); Dr. Austine Nwaulune, Director, Digital Economy, NCC; Freda Bruce-Bennett, Head, Digital Services and Skills, NCC; Edoyemi Ogoh, Head, Quality of Service and Interconnect, NCC, during a courtesy visit of the NSSB to the Commission in Abuja.

The Nigerian Communications Commission (NCC) has urged the Nasarawa State Scholarship Board (NSSB) to support the NCC in creating awareness about the intervention projects of the Commission concerning research and digital literacy in order to provide more opportunities for the citizenry.

Director of Digital Economy at the Commission, Dr. Augustine Nwaulune, who hosted a delegation of the Board, led by the Board’s Executive Secretary, Hajia Saadatu Yahya, on behalf of the Executive Vice Chairman of the Commission, Prof. Umar Danbatta, recently, recalled that Nasarawa State is one of the beneficiaries of NCC’s Information and Communication Technology (ICT) intervention projects such as the Digital Awareness Programme (DAP) for secondary schools, the Advanced Digital Appreciation Programme for Tertiary Institutions (ADAPTI), the Wireless Cloud, as well as the E-Health programme.

“While we don’t give scholarship to students, the NCC has continued to give research grants to lecturers and students in the universities, and provided additional opportunities including sponsoring competitions involving students, as well as endowing professorial chairs in universities across the country. In the last seven years, the financial value of the endowments and grants is more than N500 million.

“Therefore, I will appeal to NSSB to create awareness about these initiatives of the NCC among stakeholders in the academia, particularly the research grants to enable stakeholders to leverage such opportunities offered by the Commission to scholars interested in carrying out telecommunications-based research,” he said.

Nwaulune said the NCC has been upbeat in ensuring implementation of the National Digital Economy Policy and Strategy (NDEPS), 2020-2030, in which one of its eight pillars, rests on digital literacy, while the Digital Economy Department has been set up and equipped by the Commission with the human resources required to coordinate its programmes in concrete terms.

Yahya, whose delegation visited to discuss areas of collaboration for deepening digital/technical training and skills acquisition in Nasarawa State, commended the Commission for the central role it has played in promoting digital awareness and skills across the country, and pleaded that Nasarawa State should be given more opportunities to  benefit from NCC’s social investments and other digital economy-focused interventions, being the closest State to the Federal Capital Territory, the base of the Commission.

“The purpose of our visit is to seek collaboration with the NCC in whatever ways possible, especially in the areas of scholarship, and ICT skills and literacy for our people. The ICT is, today, the engine room of global economy and we do not want to lag in this new digital order, hence, our decision to seek collaboration with organisations in the ICT space such as yours to work which, especially because you are contiguous to our State,” Yahya, the NSSB Executive Secretary said.

Other members of the delegation, including Senior Special Assistant to Nasarawa State Governor on Information and Communication Technology, Haruna Sani; and the President, Nasarawa State Students Association, Sani Jibrin, spoke in favour of a greater collaboration with the NCC which would add the needed impetus to the current efforts by the state government to leverage ICT for economic development.

 

 

SMEDAN: 100 Small Businesses for 2022 MSME Fair in Lagos

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Mr. Olawale Fasanya

Director-General

SMEDAN

Over one hundred micro small and medium enterprises MSMEs are expected to participate in the 2022 MSMEs Fair to be held in Ipodo, Ikeja, Lagos State next Monday.

The Fair which is organised by the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN is the second in the series and it is expected to last five days. The fair has as its theme, “Competing for Market.”

Described as one of the fastest growing MSME fairs in Lagos. This year’s MSMEs fair Ipodo would afford exhibitors the opportunity to showcase their wares as well as enjoy business advisory services from SMEDAN on how to upscale their businesses.

The Director-General of the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, Olawale Fasanya in a statement heralding the commencement of the MSMEs Fair in Ipodo said that MSME Fairs are veritable ground to promote Made in Nigeria products.

He said that fairs such as the MSMEs fair in Ipodo were designed to provide opportunities for exhibition of Made in Nigeria goods by MSMEs. The fair he also said offers MSMEs a real-life platform to hook up to not only market opportunities but also to network with relevant agencies in the MSME ecosystem.

Fasanya noted that the Agency has come to embrace the Ipodo fair because of the success recorded in the maiden edition. And we shall continue to support MSMEs as they are the backbones of any thriving economy.

The Agency according to the Director-General recently organized a successful opportunity fair in collaboration with the Edo State Government in Benin City adding next week we shall also be organising another opportunity fair in Jos; all these are targeted at encouraging our MSMEs and boosting Made in Nigeria goods.

Fasanya further said that the Agency would continue to step up sustainable programmes to boost the capacity of MSMEs in Nigeria. He said sustainable initiatives and organization of Trade fairs and Expos as well as sensitisation would boost patronage of Made in Nigeria goods.

“The Mass of the people are ignorant of the fact that quality and durable products are also produced by MSMEs in Nigeria” he said.

Fasanya added that the Fairs such as MSMEs Fair Ipodo would show that Nigeria MSMEs can produce good thing and this will make the people to have a rethink and improve on the patronage of locally made product.

The Director -General equally stated that the Agency was planning to host an opportunity fair for the people with disability in the near future.

Stanbic IBTC Rewards More Nigerians with Cash Prizes at Monthly Draws

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L-R: Vincent Okereke, Portfolio Manager, Blue Segment, Stanbic IBTC Bank; Maureen Eyeta, Winner of the N100,000 Reward4Saving promo monthly cash prize and Sadiya Ojo, Head, Consumer Clients, Stanbic IBTC Bank at the Reward4Saving promo Season 2 cheque presentation which held at the Stanbic IBTC Head Office in Lagos State recently.

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has rewarded more customers in its on-going Reward4Saving Promo Season 2, with 70 Nigerians from different regions winning ₦100,000 each in its monthly draws, which held recently in Lagos State.

The Reward4Saving promo is a nationwide campaign aimed at rewarding customers with cash prizes monthly and the second season aims to give out ₦156 million to almost 900 Nigerians within a 12-month period. The goal of the campaign is to encourage and promote a healthy savings culture among Nigerians and is open to new and existing customers who save a minimum amount of ₦10,000 monthly.

Speaking at the August live draw where various 70 individuals were rewarded, Omiyi Eromosele, Head, Consumer Client Coverage, Stanbic IBTC Bank, stated that customers who qualify to participate in the monthly draws, also stand a chance of winning ₦1 million in the quarterly draws.

On his part, Emmanuel Aihevba, Head, Main Markets Clients, Stanbic IBTC Bank noted that the promo is the bank’s way of giving back and empowering its loyal customers. He said, “to deliver on our promise to continually reward our customers for their loyalty, we have created this platform which will run till March 2023, and have so far given away ₦42 million to deserving savers”.

Emmanuel further encouraged customers to continue to top up their savings accounts in multiples of ₦10,000 monthly to increase their chances of winning, while prospective customers should download the Stanbic IBTC Super App, visit the web portal or any Stanbic IBTC bank branch or @ease banking agent to open an account, or an e-wallet and start saving immediately.

 

 

 

HEREL Partners Africa Creative Market to Empower African Creatives

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L-R: Olaposi Lawore, Yetty D Ogunnubi, Deola Aromiwura, and Bisola Odesanya at the African Creative Market

HEREL, a premium real estate development and investment company, partnered with the Africa Creative Market Global for the Africa Creative Market, which was held in September 2022.

According to HEREL, this partnership has allowed them to upscale and upskill creative entrepreneurs by positively impacting them with the skills they require to thrive. Creatives were able to physically access opportunities, display their craft, and attend the most enlightening panel sessions kudos to Africa Creative Market.

At the core of our existence is making a positive difference in lives, spaces, and the economy. Being a very young and versatile team, we have recently been exploring ways to make an impact on the lives of youths. Creating the HEREL Circle, a network of young professionals who come together to network, sell real estate, and make EXTRA money, all while enjoying special benefits, was done in reference to this. Olaposi Lawore Managing Director, HEREL, stated, “Partnering with ACM is a major achievement for us because we were able to have an impact on young creatives.’’ He added.

Speaking during a panel session, Deola Aromiwura, Executive Director, Marketing and Partnerships, HEREL, highlighted the various tactics required to develop a creative brand and how marketing affects our way of life. She adviced creatives on how to market and brand their businesses. Other knowledgeable panelists included, Dupe Sanni, Agbons Igiwe, and Mabel Adenusi Adeyeye.

“We also have spaces that help creatives express and show off their creativity. Boardroom apartments is a HEREL development that has 13 accommodations, a spa, rooftop restaurant, a café, meeting rooms, and an in-dining lounge located in the heart of Lekki’’ said Deola Aromiwura.

Concluding, Olaposi Lawore said: “Empowering individuals with the resources and spaces they need to achieve their goals is at the heart of what we do as a firm.” As a result, this partnership was an excellent fit to assist us in providing young creatives with the necessary structure and tools for growing Africa’s creative economy.

P + Measurement Partners PR Experts to Discuss Industry Issues

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In a bid to fully evaluate and sustain communication and public relations best practices around the globe, as well as offer solutions to persistent problems in the PR industry, P+ Measurement Services, a leading media intelligence agency, will be hosting the 21st edition of #EvaluatePR, welcoming all communications and public relations stakeholders from around the world.

#EvaluatePR is an enlightening, interactive, and informative event featuring communications, public relations, and media intelligence practitioners who will be sharing their experiences, advice, and insights on Media Intelligence, Monitoring, Research, Performance audit, Measurement and Evaluation in an interactive session.
Chineze Amanfo, Lead, Public Relations, 9Mobile; Sean Williams, Assistant Professor of Media and Communication at Bowling Green State University, Ohio; Maya Koleva, Head of Research and Insight at Commetric, London and David Olajide who is a Consultant at Curzon PR, Nigeria, are the panelists lined up for this edition. The theme for this event is “Advancing the synergy between public relations and measurement practitioners.”

The event will be held virtually via the Google Meet platform on Friday, September 23rd, 2022 at 12:00pm (West African Time).

NCC Deploys 84 IT Projects to Support Persons with Disabilities

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L-R: JohnMichaels Mbanefo, Head, Media and Publicity, National Commission for Persons with Disabilities (NCPWD); Soji Adewale, Director, Planning, Research and Statistics, NCPWD; Usman Malah, Director, Human Capital and Administration, NCC; James Lalu, Executive Secretary, NCPWD; Hafsat Lawal, Head, Human Capital, NCC and Mohammed Baba, Director, Accessibility, NCPWD during a courtesy visit by the NCPWD Management to NCC in Abuja recently.

The Nigerian Communications Commission (NCC) has deployed 84 assistive Information Technology projects at different locations in Nigeria to support people with special needs while supporting policies that enable disadvantaged members of the society to live a more qualitative life.

“The E-Accessibility project seeks to meet the ICT needs of persons living with disabilities in Nigeria by providing ICT tools, assistive technologies, training, and Internet provision in the identified locations. Between 2012 to 2020, the NCC has deployed the E-Accessibility Projects in, at least, 84 locations nationwide.”

The Executive Vice Chairman (EVC) of the Commission, Prof. Umar Danbatta, disclosed this during a courtesy visit by a delegation from National Commission for Persons with Disabilities (NCPWD) to the NCC over the weekend in Abuja, where the EVC also restated NCC’s commitment to continually support people with special needs across the country.

Danbatta, while receiving the NCPWD team led by its Executive Secretary, James Lalu, said the telecom regulator has always implemented initiatives aimed at ensuring digital inclusivity for all Nigerians regardless of their circumstances.

Represented by the Director, Human Capital and Administration at NCC, Usman Malah, the EVC said telecoms sector has become the backbone of the national economy and has recorded tremendous growth from 400,000 telephone lines on the eve of sectoral deregulation in 2000 to over 208 million active telephone lines now, just as active Internet subscription rose to 156 million in the last two decades.

The EVC stated that the Information and Communication Technology (ICT) Industry’s contribution to the Gross Domestic Product (GDP) currently stands at 18.44 per cent, going by the data released by the National Bureau of Statistics (NBS) as at the second quarter of 2022. Additionally, Danbatta said that NCC has continue to ensure quality of service delivery to the consumers and digital inclusion for all.

Accordingly, Danbatta said the NCC recognises and aligns with the noble objectives behind the establishment of NCPWD as enabled by the Discrimination Against Persons with Disabilities (Prohibition) Act of 2018.

The NCC Chief Executive stated that in addition to implementing the five per cent inclusiveness of persons with disabilities in NCC’s staffing efforts in accordance with the law, the telecom regulator, through the Universal Service Provision Fund (USPF), has executed many projects within the framework of its E-Accessibility Programme in last 10 years that targets the challenged members of the society.

“In other words, the project provides ICT tools and Assistive Technologies (ATs) to the blind, the deaf, dumb, crippled, cognitively impaired, and other categories of people living with disabilities. As disadvantaged members of society, the project is designed to assist in improving the quality of life of people living with disability,” he said.

In his remarks, the NCPWD’s Executive Secretary, Lalu, said the purpose of the agency’s visit was to keep the NCC management abreast of its mandates and activities, and to seek greater collaborations with NCC for the benefits of estimated 35.5 million persons with disabilities in Nigeria.

He commended the NCC for the “wonderful work it has been doing through various projects in support of people with disabilities in the country.” Lalu slso appealed to the NCC to help in creating awareness among telecoms service providers to comply with the legal requirement to dedicate five per cent of their employment quota to persons with disabilities. He said this category of Nigerians are ‘smart, professional and intelligent’ and can make significant contribution to the growth of the respective organizations employing them, despite their disabilities.

“What we want to achieve is to make Nigeria a country that is comfortable for PLWD by ending discrimination and providing adequate reporting system and we have seen NCC as a strategic and important partner in this journey,” Lalu said.

The NCPWD was established, pursuant to section 31 of the Discrimination Against Persons with Disability (Prohibition) Act 2018, to promote, protect and prioritise the rights of persons with disabilities, and to further enhance their productivity through education, health, and other socio-economic activities and programmes.

 

 

CBN: RT200 FX Policy Drives Rapid Increase in Export Remittances

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The introduction of the “Race to $200 Billion in FX Repatriation” (RT200 FX) by the Central Bank of Nigeria (CBN) has spurred significant improvement in the country’s export remittances, the apex bank has revealed.

The   Principal Manager, Trade and Exchange Department, CBN, Mrs. Anne Nnenna Ezekhennagha, disclosed this at the recently concluded Finance Correspondents Association of Nigeria (FICAN) 2022 annual conference with the theme “Boosting domestic capacity for sustainable export earnings”, held in Lagos.

The CBN introduced the RT200 policy in February this year to reduce the country’s exposure to volatile sources of foreign exchange and improve sustainable forex inflow by giving rebates to exporters who repatriate their proceeds within a specific period of time.

The policy seeks to raise $200 billion in the next five years in forex earnings from non-oil sources by giving N35 for every dollar repatriated through the Investors ‘and Exporters’ Forex window.

Ezekhennagha said the CBN had paid rebates to exporters who have taken the opportunity of the RT200 scheme in the first two quarters of the year and will commence another series of examinations and verification exercises so that the third quarter rebates would be paid.

“We have seen significant improvement, not just in the figures that have been repatriated, but also in the number of exporters that are now willing to come to the formal sector. A lot of our exports have been happening informally, but with this scheme, we have found that a lot more players in the export sector are willing to come to the formal sector.” she asserted.

She added that there has also been a significant increase in the number of commodities that are exported from Nigeria, saying for instance, “regarding the solid minerals, we are seeing more and more players in that sector coming into the formal sector to report their exports and participate in the RT200 FX scheme. So, I would say it has been very successful so far.”

 

 

 

NEXIM: Sealink Project Set for 1st Qtr 2023 to Counter Foreign Domination

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Abubakar Bello

Managing Director/CEO

Nigerian Export-Import Bank (NEXIM)

Mr. Tayo Omidiji, the Deputy General Manager (DGM), Strategic Planning and Corporate Communications at the Nigerian Export-Import Bank (NEXIM), says that plans are at advanced stage by NEXIM to float a regional shipping line to address the challenges associated with relying on foreign ships.

Omidiji made the disclosure at the 2022 Annual Conference of the Finance Correspondents Association of Nigeria (FICAN) in Lagos with the theme “Boosting Domestic Capacity for Sustainable Export Earnings.”

Omidiji noted: “In order to have an efficient port operation, there has to be a regional shipping/carrier so that we do not continue to rely on foreign ones. Hence, the need for us to have our own shipping line. That is why we are working on our own shipping line called the Sealink Project.

He said by the first quarter of 2023, the Sealink Project will be in operation, adding that there is a huge need for more players to come into the domestic shipping sector.

“The idea was to raise funds but a series of things happened, first it was Ebola, we could not find a partnership agreement apart from their contribution in conceiving the idea. In terms of credit, we are quite advanced. We later thought of further expanding the scope of the project in addition to having a shipping project that allows moving our goods on international water.  We also felt that we should find adequate scope in inland waterways for the project,” Omidiji further explained.

Meanwhile, an Assistant Director at the Nigerian Shippers Council (NSC), Mrs Adaora Nwonu, has stressed the need to fast-track the full automation of the country’s ports, explaining that this is crucial to boost its export.

She maintained that the cumbersome manual processing of export documents has been having negative impact on Nigeria’s export business, thereby inhibiting its forex inflow from non-oil exports.

According to her, there has been a significant improvement in the country’s ports with the introduction of the electronic call-up system by the Nigerian Ports Authority (NPA), which has reduced the gridlock that usually characterised Apapa Port and its environs and has reduced export time by almost 50 percent.

“We have advocated that we must automate. Automation is the key. When you automate, it takes care of all the arbitrary manual processes. So, we cannot run away from it” she said.

She added that the reduction in the number of government agencies physically present at the ports has also contributed to the current improvement in the country’s ports, noting that automation would further reduce the number of agencies needed at the ports, though the agencies at the ports have been reduced from 14 to 8.

Nwonu argued that the port clearing processes could be streamlined manually with the use of scanners at the ports and address the long manual processes, thereby shortening the time exporters and importers spend clearing their goods.

“We can’t run away from the fact that we need to automate our ports, our processes. We have been doing that to ensure port processes are seamless operations. We ensure documents are exchanged remotely in an automated manner. Every operator at the port right now must automate their processes. We can tell you that as at today, we are at about 60 percent completion. If we have the scanners for example, in less than five minutes, we scan and the data is shared with every other agency. That is what a scanner does.”

She urged the government to build hard and soft infrastructure at the country’s ports to make them competitive and to attract more foreign earnings into the country.

“We at the Shippers Council know that if we don’t export, we will perish. The more trade we facilitate, the more trade that will happen. So- having this at the back of our mind means that we are doing everything within our purview to ensure that we facilitate trade. The more trade we do, the more economic prosperity for us,” the NSC Assistant Director added.

NEM: ‘The Most Media-Friendly Insurance Company of the Decade’

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L-R: Mrs. Moji Teluwo, DGM, Corporate Affairs, NEM Insurance Plc receiving the NEM award: ‘The Most Media-Friendly Insurance Company of the Decade’ from Mr. Tim Akano, Managing Director/CEO, New Horizons Limited at the Business Journal Newspaper Public Presentation ceremony in Lagos recently. Mrs. Teluwo represented the GMD/CEO of NEM Insurance Plc, Mr. Tope Smart at the event.

NEM Insurance Plc was honoured with ‘The Most Media-Friendly Insurance Company of the Decade’ award at the recent public presentation of Business Journal Newspaper in Lagos in recognition of its timeless and unwavering support for the media.

Commenting on the development, Prince Cookey, Publisher/Editor-in-Chief of Business Journal said:

“NEM Insurance Plc under the distinguished leadership of Mr. Tope Smart is without doubt one of the most media-friendly insurance companies in the country today. In the past decade and more, NEM has carved a niche as a beacon of hope and pillar of support for media professionals, especially the insurance media in the area of business support and respect for professionalism. NEM is always there for us at all times and in every season. We are deeply grateful to NEM Insurance Plc and Mr. Tope Smart for being such a great friend of the media in Nigeria.”

NAICOM Honoured with Award at Business Journal Newspaper Presentation

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L-R: Mrs. Adeola Olagoke, representative of the Lagos State Commissioner for Information & Strategy presenting the NAICOM Award to Mr. Rasaaq Salami, Deputy Director, Corporate Communications & Market Development at the National Insurance Commission (NAICOM) at the Business Journal Newspaper Public Presentation ceremony in Lagos recently. Salami represented the CFI/CEO of NAICOM, Mr. O. S. Thomas at the event.

The National Insurance Commission (NAICOM) was honoured with award at the recent public presentation of Business Journal Newspaper in Lagos as ‘The Most Media-Friendly Regulator of the Decade’ in appreciation of its legendary support for the media in Nigeria.

Commenting on the development, Prince Cookey, Publisher/Editor-in-Chief of Business Journal said:

“NAICOM remains one of the most media-friendly regulators in Nigeria today. Over the years, the Commission has impacted positively on media professionals in terms of recognition, business support and capacity building. More importantly, the Commission recognises the key importance of the media in all of its programmes and strives as much as possible to carry members of the media along. We remain indebted to the Management of NAICOM for such deep support running from one administration to another.”

NCC, Danbatta Honoured with Awards at Business Journal Newspaper Presentation

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L-R: Mr. Rasaaq Salami, Deputy Director at the National Insurance Commission (NAICOM) presenting the NCC Award to Mrs. Nnenna Ukoha of NCC at the Business Journal Newspaper Public Presentation ceremony in Lagos recently. Salami represented the CFI/CEO of NAICOM while Ukoha represented the EVC/CEO of NCC at the event.

The Nigerian Communications Commission (NCC) and Professor Umar Danbatta, Executive Vice-Chairman/CEO of NCC were honoured with awards at the recent public presentation of Business Journal Newspaper in Lagos.

While the NCC received the award of ‘The Most Media-Friendly Regulator of the Decade’ in appreciation of its legendary support for the media in Nigeria, Danbatta was honoured as the ‘Telecom Development Man of the Decade’ as a recognition of his giant strides in telecom development in the country.

Commenting on the development, Prince Cookey, Publisher/Editor-in-Chief of Business Journal said:

“The NCC remains one of the most media-friendly regulators in Nigeria today. Over the years, the Commission has impacted positively on media professionals in terms of recognition, business support and capacity building. More importantly, the Commission recognises the key importance of the media in all of its programmes and strives as much as possible to carry members of the media along. We remain indebted to the Management of NCC for such deep support running from one administration to another.”