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Is It Wise to Build Your First House in The Village?

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Everyone wishes to live in their ideal home. Even if you’re ready to construct your own, you may be unsure where to begin. That’s because there are several elements and options to consider before beginning the process of building one.
Each aspect of your new home, including privacy, placement, style, and most importantly location must be meticulously planned. If you’re thinking of building your dream house anytime soon, there are a few things to keep in mind right now.
Let’s start with the definition of a house according to google, “a building for human habitation, especially one that consists of a ground floor and one or more upper storeys.” And that’ll lead us to our discussion. Should I build my first house in the village? In this article, we’ll be revealing some details on where you should build your first house even though it’ll be an open space to be filled by you.

YOUR FINANCIAL CAPACITY
Once you’re financially capable to an extent, it’s uttermost best to get your ideal house of your own. This brings more financial freedom to the occupant over years, reduces stress/tension and other unnecessary condition on yourself. No more disturbance of monthly/yearly rent of an apartment from the landlord/lady.

WHY YOU SHOULD BUILD YOUR HOUSE
There are many important reasons why you should build your house, who knows – hopefully this article could provide you with the necessary aim to build a dream home for your family. Let’s take a look at some of our reasons:
• Comfortability: The comfort that comes with having your own house is second to none. It saves one from so much trouble from Landlord, like getting quit notice from your landlord, not allowing your pet in the compound, closing and opening of the entrance gate at a particular time. It’ll surely save you from what we call “Landlord or Landlady Wahala.”

• Investment Aim: For a better investment purpose, it’s very advisable to set up your own house, if possible, build for renting as well because when it comes to housing, Nigeria is severely undersupplied. As a result, there is more demand than supply, and it does not appear that this situation will change anytime soon. Only 100,000 of the 700,000 homes that need to be built each year are being built. Building a house now is one of the safest investments you can make because of scarcity.
In most cases, the value of a house doubles practically immediately after it is built. Only a few investments can guarantee such a high rate of return. Unlike cars, a house is a valuable asset that appreciates year after year and may be used as collateral for loans.

• Saving Cost: Building your own house can save you a lot of funds.
For instance-consider the following scenario: A three-bedroom flat in Lagos’ Ogba-Ikeja-Ojodu neighborhood costs around 1.2 – 1.5 million naira now, and in ten years, you’ll have paid 12/15 million naira (assuming there is no increase in rent). If you are still living in the same property after 10 to 15 years, you will most likely have to assume the post of caretaker and will be providing new renters orientation on how to live in the new place.
Alternatively, for 15 million Naira, you can construct a three-bedroom bungalow (plus land) in Mowe/Magboro/Akute/Epe area, or even Ibeju-Lekki axis. In ten years, your neighborhood will be more inhabited, and your home might be worth up to 20 – 25 million Naira.

WHERE YOU SHOULD BUILD YOUR FIRST HOUSE
There are necessary things to consider before setting up your first house. These options can make or mar your financial plan. They include:
• Location: It’s one of the most important considerations to make when building your ideal home. After all, you’ll need a plot of land to build your new home on. Before you buy a house, check sure the location is good for you. Take into account the location’s security as well as its proximity to amenities such as hospitals, schools, shops, and churches. As a result, your life in that location will be more comfortable and secure.
• Return on Investment (ROI): But if you build a home in an unsecure, secluded and undeveloped area, for example, you may not be able to regain your investment if you try to sell the property. As a result, think about the security, accessibility and ROI of the neighborhood when purchasing the land and building a house.
• Your Plan for future: This part includes your plan on where to reside, where you plan to reside is the best place to build your first house. At least it’ll take off the burden of monthly or yearly rent and save cost.

BENEFIT OF BUILDING YOUR FIRST HOUSE IN THE RIGHT LOCATION
Financial Freedom: Building your house in the right location will save you a lot of cost. It serves as a great investment to bring your other dreams to reality because it can serve as a rental property for as long as you want.
Thus, bringing a financial freedom to the investor/owner of the property. For example, building your first house in a develop state like Lagos and using the proceeds to start up your next housing project in the less important area but you think it’s necessary to build a house in the area like your village.
In conclusion, because of the amount of work required, constructing a house or residence in Nigeria is a massive project. It is one of the most significant accomplishments in one’s life. But building your first house depends on your financial goal.
Many people have no financial objectives. It’s tough to know what your priorities are if you don’t have clear and compelling financial goals. Someone else will impose their priorities on you if you don’t know what they are. You will major in minors and be locked in the rat race if you don’t know what matters most to you.
Some people have the financial means to construct anything they want, wherever they want. They are not in any financial difficulty. They may have gotten their finances to get to this point and are not digging themselves a financial hole. So-setting up their first house in the village may not be a problem but if you’re unlike them, make your choice wisely.

Dennis Isong Helps Individuals Invest Right In Real Estate.For Questions On This Article Or Enquiring About Real Estate Email: [email protected] or Whatsapp/Call +2348164741041

NCC Pegs 5G Reserve Price at N75bn as Stakeholders Applaud Process

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The Nigerian Communications Commission (NCC) has fixed the sum of N75 billion as the reserve price for existing and potential network operators seeking entry into the emerging 5G business in Nigeria.
At the stakeholders’ engagement forum on the spectrum in Lagos, Professor Umar Danbatta, Executive Vice-Chairman/CEO of NCC said the coming deployment of the 5G network will complement the nation’s march towards digital economy.
Meanwhile, various stakeholders in the telecom have applauded the NCC for the transparent process.
Engineer Gbenga Adebayo of ALTON said the Association has already keyed into the vision of the NCC in terms of the deployment. He also appealed to the Commission to show concern on the issue of cost to subscribers.
Adebayo assured the public that the 5G network is safe as the science behind it does not pose any kind of danger to members of the public.
In the same vein, Mrs. Abimbola Alale of NigComSat commended the Commission for providing an enabling environment for the telecom sector to thrive in Nigeria.
She added that the transparency of the regulatory policies of the NCC has attracted billions of dollars in terms of Foreign Direct Investment (FDI) into the country as well created millions of direct and indirect jobs.
The NigComSat chief executive said her organisation is firmly in support of 5G deployment in Nigeria.

INEC to Deploy Biometric Voter Accreditation System for Anambra Election, First in Nigeria

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REMARKS BY THE HONOURABLE CHAIRMAN, INDEPENDENT NATIONAL ELECTORAL COMMISSION (INEC), PROF. MAHMOOD YAKUBU, AT THE STAKEHOLDERS’ MEETING ON THE ANAMBRA STATE GOVERNORSHIP ELECTION, HELD AT THE PROFESSOR DORA AKUNYILI WOMEN DEVELOPMENT CENTRE, AWKA, ON WEDNESDAY 3RD NOVEMBER 2021

1. On behalf of the Independent National Electoral Commission (INEC), it is my great pleasure to welcome you all to this interactive meeting just a few days to the Anambra State Governorship election. I am glad to note that the Inspector General of Police, as the head of the lead agency for internal security, including the conduct of elections, in Nigeria is here personally. This further underscores the importance of this consultative meeting. Issues relating to election security will be addressed by the Inspector General of Police himself. I am also glad to note the presence of the candidates for the election as well as other distinguished invited guests.

2. The Anambra State Governorship election holds in the next 3 days. As far as INEC is concerned, there are two activities left in our Timetable and Schedule of Activities. The first one is the end of campaign by political parties which is at midnight tomorrow Thursday 4th November 2021. The second is the Election Day which is Saturday 6th November 2021. These two activities will conclude the 14 items listed in the Timetable for the election released by the Commission about 11 months ago on 19th January 2021. INEC has diligently implemented every activity on schedule.

3. The Resident Electoral Commissioner (REC) for Anambra State has just briefed us on our detailed preparations for the election, including logistics and the recruitment, training and deployment of election duty staff. Non-sensitive materials have been delivered to the 21 Local Government Areas of the State. The sensitive materials are secure in the branch of the Central Bank of Nigeria (CBN) here in Awka. As is always the case on the eve of major elections, INEC will invite political parties, civil society organisations and the media to the CBN tomorrow, Thursday 4th, November 2021 to inspect the sensitive materials and to witness their movement to the various Local Government Areas under security escort. By the same arrangement, the materials will be delivered to the Registration Areas or Wards on Friday 5th November 2021 to facilitate the opening of Polling Units at 8.30am on Election Day i.e. Saturday 6th November 2021.

4. I want to assure all voters in Anambra State that in designing the sensitive materials for the election, the Commission has introduced additional visible and invisible security features, including different colour codes. Materials have also been customized by Local Government Areas and Polling Units. Let me therefore warn those who may attempt to compromise the process that we have put in place sufficient safeguards to detect counterfeits. We are also determined to prosecute perpetrators of electoral malpractice, including any election duty staff found to be complicit. The choice of the next Governor of Anambra State is in the hands of the eligible voters and their will must prevail.

5. On Saturday, 6th November, 2021, Anambra State will make history as the first Governorship election in Nigeria in which the Commission will deploy the Biometric Voter Accreditation System (BVAS) device. This new device replaces the Smart Card Reader (SCR) used in previous elections since 2015. We are satisfied with the pilot deployment of the BVAS in the Isoko South I State Constituency Bye-election in Delta State on 11th September 2021. The BVAS has the dual capacity for fingerprint and facial authentication of voters. This is to guard against voting by identity theft where one person uses another person’s Permanent Voter’s Card (PVC) to vote using the incident form. With this development, the use of the incident form is abolished. No voter without a genuine PVC will vote. No voter who has not been successfully accredited electronically using the BVAS will vote.

6. At the same time, the BVAS is also equipped with a camera. Therefore, it has the capacity to snap Polling Unit level result and upload same to the INEC Result Viewing (IReV) portal so that citizens can view results as election is concluded in each Polling Unit. Therefore, there is no need for the Z-Pad since its functions have been embedded in the BVAS. I am glad to report that all the BVAS required for the election on Saturday have been configured and delivered to Anambra State. Election duty staff have also been trained on the use of the device and we have sufficient technical staff to respond to any glitches that may occur.

7. The Commission is also aware of the concern expressed about the availability of PVCs for new registrants in Anambra State. At the end of the recent Continuous Voter Registration (CVR) exercise, a total of 138,802 citizens completed the registration. After cleaning up the data, the Commission identified and archived 62,698 multiple registrants. Consequently, the number of valid registrants is 76,104. This figure has been added to 5,674 requests for transfer, update of voter information and replacement of lost or damaged PVCs, bringing the total of valid registrations to 81,774. I am glad to report that the PVCs have been printed and delivered to all the Local Government Areas for collection by voters. We have also contacted the voters by text messages and e-mail addresses and informed them of the exact locations to collect their cards. Through the media, we have also been sensitizing them to the availability of the cards for collection. Many of them have done so already. Let me therefore once again appeal to those that have not done so that their cards are available for collection.

8. Another issue that I need to address is the distribution of voters by polling units in Anambra State. About four weeks ago, the Commission published the register of voters for the election on 7th October 2021 i.e. 30 days to the election as required by law. Each of the 18 political parties was given a soft copy of the register here in Awka. In addition to meeting the requirement of the law, the presentation of the register is significant for another reason. The Anambra Governorship election is the first time that voting is taking place in polling units since the recent successful conversion of voting points arising from the expansion of voter access to polling units in Nigeria. An additional 1,112 polling units were established in Anambra State in addition to the existing 4,608 locations. This brings the total number of polling units in the State to 5,720. Voters were encouraged to seize the opportunity of the Continuous Voter Registration (CVR) exercise to transfer to the new polling units most convenient for them. Many did not do so. This can be partly attributed to the security situation in the State which has affected the Commission’s pre-election outdoor activities, including voter education and sensitisation. Understandably, the voters have also been cautious.

9. At the same time, the Commission did not use its powers under Section 42 of the Electoral Act 2010 (as amended) to allot voters to the new polling units to minimise the disruptions that may occur from such a decision in view of the forthcoming Governorship election. Consequently, out of the 5,720 polling units in Anambra State, 86 (1.5%) have no voters. Consequently, the Commission will not be deploying personnel and materials to these polling units. Furthermore, 894 (15.6%) of the polling units have between 1 and 49 voters. Election will hold in these polling units. We will continue to work with all stakeholders to ensure that all Polling Units have voters allotted to them ahead of the 2023 General Election.

10. Meanwhile, in our avowed commitment to transparency, the Commission has compiled a comprehensive list of all the Polling Units without voters as well as those having under 50 registered voters. Last week in Abuja, we had a special consultative meeting with the leadership of all political parties in and shared with them copies of the comprehensive locations of these Polling Units. We appealed to them to quickly inform their branches in Anambra State as well as their candidates for the election. I would like to seize this opportunity to draw the attention of political parties, candidates and other stakeholders to this situation. Copies of the list have been distributed to all stakeholders at this meeting. Already, the same document has been uploaded to our website and social media platforms for public information.

11. On this note, let me reassure all stakeholders of the Commission’s commitment to inclusivity. In line with our policy for equal opportunity for all Nigerians to participate, the Commission introduced assistive devices for Persons With Disability (PWDs) during elections. This includes the Braille Ballot Guide and magnifying glasses at polling units for the visually impaired as well as voter education posters for the hearing-impaired. I am glad to report that the Braille Ballot Guide and magnifying glasses will be deployed in the election this Saturday. I wish to reassure you that INEC will remain an equal opportunity Commission for all Nigerians irrespective of disability. As an affirmation of this commitment, data on disability is being collected in the ongoing CVR to enable us to serve this category of voters better.

12. In our continuing determination to protect the integrity of the electoral process, I wish to remind political parties, candidates and their supporters that vote buying is illegal under our laws. I wish to reiterate that the ban on the use of smart phone or other photographic devices in the voting cubicles is still in force. The anti-graft agencies, who are members of the Inter-Agency Consultative Committee on Election Security (ICCES), will deploy their personnel to arrest and prosecute violators.

13. Before I conclude, let me extend the Commission’s appreciation to you all for your presence. I thank the religious, traditional and community leaders as well as civil society organisations and the media that have worked tirelessly for the peaceful conduct of the forthcoming election. I call on the leaders of political parties and candidates to continue to appeal to your supporters to eschew hate speech or disruptive behaviour before, during and after the election. Doing so will only further compound the current situation and scare voters away from exercising their rights as citizens. Working with the security agencies, we have put so much in place for the successful conduct of this election. Let us by our words and action support the peaceful and credible conclusion of the 2021 Anambra State Governorship Election.

14. I thank you all and may God bless our efforts.

INEC Holds Final Stakeholders’ Meeting for Anambra Gov Election

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L-R: Father Matthew Kukah, IGP Baba Alkali, INEC Chairman, Prof. Yakubu, National Commissioner, Festus Okoye and the Resident Electoral Commissioner for Anambra State, Dr. Nkwachukwu Orji at the Stakeholders’ Meeting in Awka, Anambra State

The final Stakeholders’ Meeting before the 2021 Anambra State Governorship Election (scheduled for Saturday 6th November 2021) is about to begin.
Already, the Chairman, Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, Inspector General of Police, Mr Usman Baba Alkali, Co- convener of the National Peace Committee, Father Matthew Hassan Kukah and other stakeholders are at the venue in Awka.

Moove Partners Lori Systems to Propel African Logistics Financing, Targets Nigeria

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Moove, an African mobility fintech, has signed an exclusive partnership with Lori Systems, the leading e-logistics company in Africa.
The partnership marks Moove’s first foray into the logistics industry, building on rapid growth over the last 15 months in car financing, as it leverages its revenue-based financing model to bridge the financing gap across one of the continent’s most highly fragmented sectors.
Moove and Lori Systems’ partnership will focus on delivering access to affordable vehicle financing within Africa’s trucking and logistics industry where penetration for truck financing is lower than one percent.
By combining Moove’s unique revenue-based financing model and credit-scoring technology with Lori Systems’ data-driven logistics marketplace, both companies aim to increase the capacity of transporters to match demand across East and West Africa.
The launch in Kenya will be followed by a rollout in Nigeria using the same revenue-based financing and credit decision model that Moove has developed as Uber’s exclusive vehicle financing and vehicle supply partner in sub-Saharan Africa.
Loans will be allocated to a pool of highly rated and vetted transporters on Lori Systems’ platform, allowing them to expand their fleet, as well as through a drive-to-own program for all truck drivers. With up to 100% of the purchase price underwritten by Moove, customers will be able to pay back the loans over 48 or 60 months using a percentage of their weekly revenue.
Commenting on the exclusive partnership Ladi Delano, Co-Founder and CEO of Moove said: “We knew from the get-go that our mission to democratise vehicle ownership would take us beyond cars. We’re thrilled to be partnering with Lori Systems to empower truck drivers in Africa, and are excited about the positive impact our revenue-based financing solutions will have on their lives. Lori’s efforts to leverage data-driven and tech-enabled solutions have recorded significant progress in driving further efficiency in the African logistics industry; this has been impressive and very much aligns with our mission.”
Launched in 2017, Lori Systems has been at the forefront of digitizing logistics on the continent and has successfully driven efficiency across the fragmented East and West African markets by digitizing discovery and providing end-to-end visibility for customers and transporters, achieving savings of up to 20%. Lori Systems has built a network of thousands of vetted transporters to move cargo across 12+ countries.
“Lori’s mission is to drive down the cost of goods in frontier markets. We’ve grown a marketplace that brings transparency and data to the forefront of the continent’s critical haulage industry. The partnership with Moove enables us to design innovative and flexible financing options, using data we have captured over the years, to allow transporters fund new trucks and increasingly grow their fleet and businesses,” said Uche Ogboi, CEO of Lori Systems.
“The logistics industry in Africa has for so long been underserved by financial providers. By partnering with Moove to unlock access to financing, we can provide an even more efficient service, match the growing customer demand in the market, whilst lowering the costs for goods. It’s as simple as that.”
Co-founded in 2019 by serial entrepreneurs, Ladi Delano and Jide Odunsi, Moove recently reached the milestone of 1 million Uber trips in Moove-financed vehicles with over 16 million kilometres travelled in Lagos, Accra, Johannesburg and Cape Town.
Backed by leading VCs including Speedinvest and Left Lane Capital as well as global institutions such as the International Finance Corporation, Moove has raised a total of $68.2 million in funding to date. Through this partnership with Lori, Moove is focused on driving efficiency within the industry and empowering truck drivers across the continent through customer-centric products designed to transform African transportation and logistics.

‘Nigeria Must Empower Youths to Drive Inclusive Economic Growth’- Stanbic IBTC

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Stanbic IBTC Holdings Chief Executive, Dr. Demola Sogunle, stated in a recent interview that at Stanbic IBTC, we consider infrastructure development as a key driver of economic growth and development. This is one of the reasons behind the launch of the Stanbic IBTC N100 billion Infrastructure Fund. We aim to deploy proceeds of the fund for the development of infrastructure in critical sectors to boost economic activities in those areas. Some of the identified areas are transportation, education, and health. I’d like to quickly chip in that education and health are key CSI pillars for us at Stanbic IBTC. We launched Series One, the first tranche of the Infrastructure Fund, and the result has been positive as it has been widely accepted. Our strategy in using the Series One as a vehicle to attract investments from domestic institutional investors has been successful. We also saw a good turnout from insurance companies and high networth individuals. They bought into the story and vision of trying to invest their funds in the Infrastructure Fund, which can be categorised as an alternative asset plan.

• Steps to secure Nigeria’s future
It is well known that the future of any country lies in the youth. It is therefore very important to prioritise their education because the kinds of decisions and actions they take will be dependent on their level of knowledge. It is also very important to focus on their health. As a country, we also need to deploy resources towards reducing the level of unemployment.
The average Nigerian youth exudes so much energy and we have seen this play out in the occurrences in the last 12 months. We are witnesses to the innovativeness and the creativity of the Nigerian youth. We have developed three unicorns driven primarily by young Nigerians. The Nigerian youth is energetic, creative, innovative. By focusing on them, we will be able to secure our future.
Secondly, we need to look at the enablers of economic development and inclusion, because there is no point having economic growth that is not inclusive. The youths are very important to ensure inclusiveness within the context of our economic growth.

• Expectations from NESG
There is the need to take urgent actions. People are more desi People are desirous of fulfilled promises and a thriving economy. We need to execute the initiatives which are geared towards economic development and improving the lives of the populace. There should be a proper alignment and proper coherence between the public and private sectors. One of the key outcomes of the 2021 NESG summit for me is the resolve by various stakeholders to execute tasks with speed with the aim of achieving positive results. This is fundamental so that when we come back next year, we can itemise the recommendations and implementation and possibly measure results. It is important for the public and private sectors to come to a point where execution is accorded priority in summits such as the NESG.

• How does Stanbic IBTC drive Nigeria’s growth
Between 2015 and now, Stanbic IBTC has facilitated over 35 billion dollars’ worth of capital inflows into the country. Despite the advent of Covid-19 and the negative impact of the economy, we have attracted almost 0.8 billion dollars of foreign portfolio investment this year alone. This is evident of Stanbic IBTC’s ability to facilitate foreign capital inflow despite economic headwinds.
We are funding and making sure that savings of retirees are well managed, and payments made monthly to ensure that they continue to enjoy the fruits of their labour. We achieve this with our pension subsidiary, Stanbic IBTC Pension Managers, which is Nigeria’s biggest pension fund administrator by number of customers and assets under management.
One of our mantras as an organisation is that “Nigeria is our home, we drive our growth”. This is beyond a tagline. You can say that it is in our DNA to give back to the communities where we operate and Nigeria as a whole. The Stanbic IBTC Infrastructure Fund was also launched on the back of that mantra. We have already committed a certain percentage towards the development of critical infrastructure. Besides, it is also a key governance requirement.
We are doing a lot in the health care sector as well. Over the weekend, we commissioned a teaching hospital at the Baze University. This will be the largest private teaching hospital in the South of the Sahara. It measures about 10,000 square meters and we are funding it. We are intervening in public healthcare sectors and education because, as I mentioned earlier, they represent the pillars of our social initiatives as a responsible corporate entity. Our interventionist activities include giving scholarships, donation of learning materials, building educational structures, and even resuscitating dilapidated structures. We are also involved in extra-curricular activities such as sponsoring football competitions among students of tertiary institutions. We aim to develop the knowledge of our youths and even help some of them develop their talents and skill sets, which may hitherto be hidden. We train youths interested in Artificial Intelligence, programming, coding, data analytics, data science and we also pay for them to be certified.
We are doing a lot on economic empowerment. In the last 12 months, we have increased our portfolio for SMEs. The percentage increase is more than 300% and we are just starting. We will continue to do even more.

INEC Ready for Election as Yakubu Arrives Awka, Meets Anambra Police Chief

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L-R: Commssioner of Police, Anambra State, Mr. Echeng E. Echeng and the INEC Chairman, Prof. Mahmood Yakubu at a meeting in Awka.

Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu has arrived in Akwa, the capital of Anambra State and immediately went into consultation with the Anambra State Commissioner of Police, Mr. Echeng E. Echeng.
He is currently meeting with members of the Inter-Agency Consultative Committee on Election Security (ICCES), Anambra State chapter, to discuss the security situation with regard to the governorship election taking place on Saturday 6th November, 2021.
Yakubu and his entourage comprising National Commissioners, members of the Technical Team, Directors and other Directing Staff, earlier arrived at Enugu Airport en route Akwa with Bishop Hassan Kukah, one of the conveners of the National Peace Committee on the same flight.
He is in Awka to discuss final aspects of the Anambra State Governorship Election, scheduled for Saturday 6th November 2021.
He will also on Thursday attend the Peace Accord ceremony, where all the contesting candidates of the 18 Political Parties will commit themselves to peace in writing.

NCRIB Commiserates with Victims of Collapsed Building, Seeks Need for Insurance

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The Nigerian Council of Registered Insurance Brokers has condoled victims of the 360 Degrees Tower Multi-Storey building collapse in Lagos and rued the huge human and financial loss in the disaster.
In a press release issued by the Council, the President, Barrister Rotimi Edu noted that the increasing cases of building collapse constitute a huge challenge to government and other stakeholders in the built environment to embark on better synergy to ensure compliance with extant building regulations.
Edu was of the opinion that in spite of the strident efforts of Lagos State government through its various dedicated agencies, the incidences of building collapse has not been fully stopped.
He seized the opportunity to underscore the need for compliance with the compulsory insurance of public buildings as stipulated in Section 64 & 65 of Insurance Act of 2003 which makes it mandatory for all contractors and their agents to, among others, undertake insurance against death or injuries to third parties to a public building in the event of a disaster of this nature.
He specifically highlighted the crucial roles of Insurance Brokers who he noted were professional intermediaries in the insurance value and has the duty to advise clients about what to insure, how to insure and how to pursue their claims in the event of occurrence of a loss.

EXCLUSIVE! ‘Why The BOOT Party DID NOT and SHALL Not Nominate Polling Agents for Anambra and Other Elections’

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The BOOT Party has Explained why it did not nominate a single polling agent for the November 6, 2021 governorship election in Anambra State.
The party told Business Journal in an exclusive interview that it trusts INEC to do the needful in Anambra State.
A statement by BOOT Party to Business Journal reads:
‘BOOT Party believes that INEC is responsible for ensuring that ballots are cast, counted and accounted for whether or not Polling Agents are present. We believe INEC is up to the task and we are more convinced that room for manipulation of results in transit has been narrowed or eliminated by the newly enacted law approving Electronic Transmission of Results by INEC.’

NCC Plans Stakeholder Engagement on 5G in Lagos Nov 4

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As part of activities lined up for the implementation of the Fifth Generation (5G) Technology Deployment Plan in the country, the Nigerian Communications Commission (NCC) is set to host a stakeholder engagement forum this week.
The forum will afford industry stakeholders the opportunity to discuss the draft Information Memorandum (IM) for the upcoming auction of the 3.5 gigahertz (GHz) spectrum band.
Scheduled to hold at the Lagos Marriot Hotel, Ikeja, Lagos, Thursday, November 4, 2021 at 10:00 am prompt, the Commission has confirmed that the attendance at the event is open to all interested stakeholders in the telecoms sector and beyond.
The decision to host the stakeholder engagement is in keeping with the provisions of the Nigerian Communications Act (NCA) 2003 and NCC’s distinctive tradition of robust stakeholder consultation on all telecom regulation-related issues.
In June, the Commission inaugurated a committee to develop the IM for the auction of 3.5 GHz spectrum band, which will be utilized for early deployment of 5G technology services in the country.
The Information Memorandum (IM) is a comprehensive document, which defines the process emplaned by the Commission for the auctioning of the 3.5GHz spectrum band. It also provides information on the Nigerian telecommunications market, details of the spectrum to be made available, the pre-qualification process, the auction process as well as the indicative timetable.
The stakeholder engagement forum is, therefore, an important regulatory prerequisite for the planned auction of 3.5Ghz spectrum before the end of this year.
Accordingly, the Commissions has called on interested stakeholders and members of public to participate and make contributions to discussions around this important draft document.
In line with the objectives of the National Digital Economy Policy and Strategy (NDEPS) for a Digital Nigeria, and the positioning of Nigeria as an early adopter of digital technology as well as a major participant in the growing global digital economy, the successful and timely deployment of 5G is crucial for the country.
The 5G technology is expected to facilitate several emerging technologies, generate innovate new use cases, spur significant socio-economic growth and create jobs.

P+Measurement, Media Monitoring Agency Celebrates 6th Anniversary

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P+ Measurement Services, Nigeria’s foremost Independent Public Relations measurement and evaluation agency, celebrates its sixth year of effective operation with qualitative offerings for its numerous clients, as it rebrands with a new business logo, website, and office to deepen penetration.
The leading company has in the past six years engendered the needed growth for its clients, and the rebranding is part of efforts aimed at sustaining its leading position in the sector, having worked with over 47 brands and 17 Public Relations agencies in Africa’s largest economy.
The logo with new colours depicts the innovation and creativity of the brand, as also shown on its new website with the agency service rate, to enable brands and agencies to make faster decisions in budgeting.
As the only AMEC Member in Nigeria, P+ has strong partnerships with the Nigerian Institute of Public Relations (NIPR) and Reelforge Media Monitoring, the biggest media monitoring agency in the East African region, covering more than five countries.
Speaking on the company’s new development, the Chief Insights Officer, Philip Odiakose, said P+ is strongly positioned to effectively deliver on its offerings, with state-of-the-art structure, process and highly skilled media analysts in an exceptional and value-driven business model in line with global best practices.
“Our Measurement and Evaluation report is in-depth, robust, and flexible to accommodate valid metrics that brands desire to see reflected in their customized reports, and also based on the AMEC Standard in accordance with the Barcelona Principle 3.0. We deploy the P+MCA (media content analysis) methodology for media evaluation and analysis based on qualitative and quantitative metrics in analyzing media exposure,” Odiakose affirmed.
He said the new office would serve as a hub in the country and the West Africa sub-region, where the company will provide media monitoring, measurement, evaluation, and performance audit services for brands, media agencies, government agencies and NGOs.
Also, as part of its efficient services, the measurement and evaluation company introduced “Get-Reports,” a novel product that allows the purchase of PR performance audit reports in key sectors.
The “Get-Reports” product spans across different industries which includes the 22 Commercial Nigerian Banks PR Performance Audit Report, Top Nigerian Insurance PR Performance Audit Report, Top Nigerian Digital Banks PR Performance Audit Report, and Top Online Streaming Services PR Performance Audit Report.

INEC: One Party Fails to Nominate a Single Polling Agent for Anambra Election

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REMARKS BY THE HONOURABLE CHAIRMAN, INDEPENDENT NATIONAL ELECTORAL COMMISSION (INEC), PROF. MAHMOOD YAKUBU, AT A SPECIAL CONSULTATIVE MEETING WITH POLITICAL PARTIES HELD AT THE INEC CONFERENCE ROOM, ABUJA, ON FRIDAY 29TH OCTOBER 2021

1: It is my pleasure to welcome you all to this consultative meeting. Only three weeks ago on 8th October 2021, we held an emergency meeting to brief you on our preparations for the Anambra State Governorship election. Once again, the Commission considers it appropriate to meet with political parties at the national level for a final briefing ahead of a wider stakeholders’ meeting next week in Awka. At that meeting, the Commission will interact with all stakeholders, including leaders of political parties at the State level, the candidates for the election, civil society organisations, the media, security agencies, traditional rulers as well as religious and community leaders.

2: Let me reassure you that the Commission is ready for the Anambra State Governorship election next weekend. We have moved all non-sensitive materials for the election to the 21 Local Government Areas of the State. As usual, the Central Bank of Nigeria (CBN) is handling the delivery of sensitive materials to the State on schedule. Our State office in Awka is arranging for stakeholders to inspect the materials at the premises of the CBN in Awka. As is the case in all elections, the sensitive materials are moved under security escort to each Local Government Area from where they are distributed to the Registration Areas or Wards and finally to Polling Units on Election Day. I urge you to inform your Party Agents to be present for inspection of the materials at the CBN and to follow the movement of the materials to various locations should you chose to do so.

3: Three weeks ago, the Commission published the register of voters for the Anambra Governorship election on 7th October 2021 i.e. 30 days to the election as required by law. Each of the 18 political parties was given a soft copy of the register. In addition to meeting the requirement of the law, the presentation of the register is significant for another reason. The Anambra Governorship election will be the first that voting is taking place in polling units since the recent successful conversion of voting points arising from the expansion of voter access to polling units in Nigeria. An additional 1,112 polling units were established in Anambra State in addition to the existing 4,608 locations. This brings the total number of polling units in the State to 5,720. Voters were encouraged to seize the opportunity of the Continuous Voter Registration (CVR) exercise to transfer to the new polling units most convenient for them. Many did not do so. This can be partly attributed to the security situation in the State which has affected the Commission’s pre-election outdoor activities, including voter education and sensitisation. Understandably, the voters have also been more circumspect in asking for transfer to polling units.

4: At the same time, the Commission did not use its powers under Section 42 of the Electoral Act 2010 (as amended) to allot voters to the new polling units in order to minimise the disruptions that may occur from such a decision in view of the forthcoming Governorship election. Consequently, out of the 5,720 polling units in Anambra State, 86 (1.5%) have no voters. For that reason, the Commission will not be deploying personnel and materials to these polling units. Furthermore, 894 (15.6%) of the polling units have between 1 and 49 voters. Election will hold in these polling units. We will continue to work with all stakeholders to ensure that all Polling Units have voters allotted to them ahead of the 2023 General Election.

5: Meanwhile, in our avowed commitment to transparency, the Commission has compiled a comprehensive list of all the Polling Units without voters as well as those having under 50 registered voters. Copies of the list will be made available to all political parties at this meeting. The same document will also be uploaded to our website and social media platforms for public information.

6: As required by law, we requested political parties to upload the names and other personal details of their Polling Agents to a dedicated portal at least two weeks to the election. These agents are your representatives at the polling units and the various collations centres. The deadline was 21st October 2021. While 17 out 18 political parties nominated their Polling Agents for all or a substantial number of the Polling Units and collation centres, one party failed to nominate a single agent for any Polling Unit or collation centre although it has a Governorship candidate and a running mate participating in the election.

7: With just a few days to the Anambra election, it is our hope that any lingering grey areas will be discussed and addressed at this meeting. We will also brief you about the assurances we received from the security agencies and the outcome of our interactive meeting with the Joint Committee of the National Assembly this week.

8: The Commission appreciates the presence of Chairmen and leaders of political parties for honouring our invitation to this meeting despite the very short notice and in the middle of your preparations for the Anambra State Governorship election and other party activities.

NDIC CEO, Bello Hassan Honoured as CIBN Fellow

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MD/CE, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan (middle) receiving his Certificate of Honorary Fellowship of the Chartered Institute of Bankers of Nigeria (CIBN) from the President and Chairman of Council, Dr Bayo Olugbemi, FCIB (left) while Special Guest of Honour and former Minister of National Planning, Dr. Shamsudeen Usman, watches at the ceremony held in Lagos on Saturday.

NCC: The Road to Broadband, Internet Connectivity for Businesses, Individuals

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Barrister Adeleke Adewolu
Executive Commissioner
Stakeholder Management
Nigerian Communications Commission

The Nigerian Communications Commission (NCC) has explained some of the key measures it is taking to ensure Broadband and Internet connectivity impact businesses and individual telecom users in Nigeria.
The Commission has also stated how instrumental the ongoing implementation of the new Nigerian National Broadband Plan (NNBP), 2020-2025 and its Strategic Vision Plan (SVP), 2021-2025 can drive development of new technologies and local content in Nigeria.
According to the Executive Commissioner, Stakeholder Management (ECSM) at NCC, Adeleke Adewolu, who spoke at a breakout session at the recent 2021 Annual General Conference of the Nigerian Bar Association, which took place in Port Harcourt, one of the key policy instruments that guide the development of the sector is the NNBP.
“The Nigerian National Broadband Plan (NNBP), 2020-2025 has four critical pillars which are: Infrastructure, Policy, Demand Drivers and Funding/Incentives,” he said.
He asserted that the NNBP is unique in many respects. One is the fact that it clearly defines ‘broadband’ for Nigeria as “connectivity delivering a minimum of 10 Mbps in rural areas and a minimum of 25 Mbps in urban areas to every Nigerian at an affordable price and quality.”
On the other hand, he said the Strategic Vision Plan (SVP) 2021-2025 is a template developed by the NCC to streamline regulatory focus for better efficiency, in alignment with relevant policy instruments.
“For the next five years, the Commission is focusing its energies on five strategic pillars. These are: Organizational renewal for operational efficiency and Regulatory excellence; Provision of infrastructure for a digital economy which fosters national development; Improved Quality of Service (QoS) for enhanced Consumer Quality of Experience (QoE); Promotion of fair competition, inclusive growth, increased investment and innovative services; and Strategic Collaboration and Partnership,” he emphasised.
Adewolu declared that “the impact of connectivity on businesses and the economy, in terms of the impact of internet connectivity on businesses and the national economy is well documented.” He recalled that 10 per cent increase in mobile broadband penetration results in approximately 0.6 per cent to 2.8 per cent rise in Gross Domestic Product (GDP).
Furthermore, he affirmed that everyone is a witness to the revolutionary impact of the internet connectivity for agriculture, health, education, information and communication, as well as entertainment. This is besides notable revolution in banking and financial services as we can see in the deployment of Automated Teller machines (ATMs) and banking software.
“All industries now rely on internet connectivity provided by our mobile networks to function, such that it is impossible to imagine life without connectivity. In concrete terms, the Nigerian telecommunications industry has continued to lead national economic growth,” he said.
According to him, in recent years, the telecoms sector has consistently driven the growth of the Nigerian economy and has provided critical infrastructure powering the digital transformation of practically all spheres of life.
Adewolu said that in the second quarter of 2021, the Information and Communication Technology (ICT) sector sustained its growth trajectory and contributed 17.9 per cent to national GDP. He attributed this to the growth in the telecoms sub-sector. “This trend demonstrates how much our industry is supporting the achievement of Government’s drive to diversify Nigeria’s economy and to ensure inclusive growth across all other sectors,” he said.
According to the ECSM, in practical terms, it is difficult to imagine how Nigeria and indeed the global economy could have fared without the internet during the peak of the Covid-19 pandemic. He insisted that the fact that the conference was holding in hybrid format was just an indication of the benefits that connectivity, which the Commission is driving, brings.
On local content, Adewolu stated that all the major policy instruments emphasised the need for Nigerians to take bigger roles in the ownership and management of major spheres in the sector. He also added that Mr. President recently launched the National Policy for the Promotion of Indigenous Content in the Nigerian Telecommunications Sector, which articulated very clear policy objectives and strategies for increasing local participation.
“It would interest you that the NCC has established a National Office for the Development of Indigenous Content in the Telecommunications Sector (NODITS) to drive the attainment of Policy objectives,” he said.
Adewolu contended that, taken together, the instruments enable NCC to aggressively drive infrastructure development, ensuring that available, accessible and affordable access to broadband infrastructure and services for all Nigerians are safeguarded.
He expressed hope that, by the end of the NNBP’s lifecycle, the country will achieve the target of reaching an effective coverage of, at least, 90 per cent of the population at a price not more than N390 per 1GB of data.

NCC Holds Valedictory Session for Retiring Staff, Osmund Omulu

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L-R: Dr Ikechukwu Adinde, Director, Public Affairs, Nigerian Communications Commission (NCC); Yetunde Akinloye, Director, Policy, Competition and Economic Analysis, NCC; Omulu’s daughter, Osmond Omulu, Senior Manager, Policy, Competition and Economic Analysis, NCC; Omulu’s wife, Usman Malah, Director, Human Capital and Administration, NCC; and Yakubu Gontor, Director, Financial Services, NCC.

Members of staff of the Nigerian Communications Commission (NCC) converged in the Conference Room of the Commission’s Head Office recently, to honour Osmund Omulu, a staff of the Commission, who is retiring upon attaining the Nigerian public service mandatory retirement age of 60 years.
Omulu, who joined the Commission in 2002, has been described as an unusually focused, peaceful gentleman who is always willing to assist and educate people on how to make their work better. Even those who are his seniors, who met him at the Commission and others who worked with him as a colleague prior to his sojourn at NCC recalled how much Omulu guided them through basic processes.
At the valedictory where every speaker spoke like an author of a chapter in a book of memoirs, Omulu was described as a great historian, who put a historical context to every knowledge he had to share with his colleagues.
He was also described as a man, whose physical appearance is in synergy with his soul and spirit because of his predilection not to carry grudges nor hold on to any negative memory about anyone. “Even when he disagreed with people’s opinion and conduct, he ensured that things are settled and everyone moved on, as he never had the record of nursing grudges with anybody”, a testimonial stated.
Gentlemanly, focused and unassuming, Omulu was also described “a living repository of Commission’s cherished standard practice” by his colleagues, many of who participated virtually in the valedictory programme.
A man of a modest and humble beginning, Omolu started his career at the United Bank for Africa (UBA) as a stenographer and rose to become a confidential secretary but he was so methodical and had acquired so much knowledge that a staff who met him at UBA and now works at the Commission described as “his first teacher in banking” even though he latter had joined UBA as a senior to Omulu.
After Omulu joined NCC, he enrolled for and completed a degree in Accounting and proceeded to complete his professional examination with the Chartered Institute of Bankers (CIB), a programme he had enlisted for while he was a banker. Omulu is now a Fellow of the Chartered Institute of Bankers of Nigeria.
Hence, Omulu, who is married with children, is perceived as a study in focus and determination. The send-off programme was also attended by Omulu’s wife and children.
Directors, Deputy Directors, other senior management staff, as well as staff representing different categories of staff in the organisational hierarchy were present at the event. Attendees also include persons representing other communities of interests outside the Commission, particularly those with whom Omulu has had long relationship in Abuja, his community in Enugu and in Kano, where he had part of his education.
One after another, speakers attested to Omulu’s sterling character and fondness for building community through uniting people, enhancing peaceful co-existence, ensuring thoroughness in delivery of jobs at work place and his bubbling unusual energy despite his age.
Avuncular, respectful, stickler to rules, tenacious, determined and with an eye for details, Omulu was described as bringing all these attributes to bear on his work in ways that have enhanced the work at the Commission.
The foregoing explained the litany of praises, well-wishes and entreaties that were recurring feature of the tributes and goodwill messages delivered by no fewer than 15 people representing different communities of interest that collaborated to organise, attend and participate in the valedictory forum in his honour.
The presence of four Directors, some Heads of Departments and many Heads of Units at the event was an eloquent testimony to how much Mr Omulu is loved and appreciated by his colleagues in different cadres at the Commission.
His current supervisor, Yetunde Akinloye, who is Director, Policy, Competition and Economic Analysis; Yakubu Gontor, Director, Financial Services; Dr. Ikechukwu Adinde, Director Public Affairs; and Usman Malah, Director, Human Capital and Administration also spoke well of Omulu.
Other Management staff, including Reuben Mouka, Head, Special Duties; Ibrahim Aliyu, Head, Administration; and Usman Mamman, Head Pre-Licensing, who had worked with Omulu at UBA, all spoke so glowingly about Omulu and wished him a blissful life in retirement.