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NCDMB Chief Pledges Continued Support for Indigenous Companies, Commends Lee Engineering for Capabilities Attained

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The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has assured Nigerian oil and gas service companies of continued support to sustain the impressive growth in local content and to boost their production operations.

Speaking during a facility tour of the 10,000-square-metre fabrication yard of Lee Engineering and Construction Company Limited, Warri, Delta State on Friday, he recalled similar visits he had made to other service companies across the country, stating that he was highly impressed with facilities and competencies acquired in the pursuit of local content development.

Amazed at the assortment of top-grade engineering equipment and industrial machinery parts in the expansive operational base of the company along N.P.A. Expressway, he exclaimed, “Seeing is believing, I’ve come, have seen!” Commenting further, he said, “Am so impressed with your facilities.”

Engr. Ogbe congratulated Lee Engineering on its 34 years of active engagement in engineering, construction, operations, and maintenance (EPCOM) services with major oil and gas industry players, such as Nigerian National Petroleum Company Limited (NNPCL), Shell Petroleum Development Company (SPDC), Shell Nigeria Exploration and Production Company (SNEPCO), Chevron Nigeria Limited, ExxonMobil, and TotalEnergies Limited, among others, as clients.

He noted with pleasure that the company has successfully undertaken over 350 major projects in the industry and has an excellent record of “zero incident, zero downtime” in its decades of operations.

“I will collaborate with your company and ensure that jobs you can do will come here,” he declared, adding, “We are here as enablers to business…[and] I will work with any company that can increase production in the country.” He also expressed interest in the company’s solar technology, which he said would be required “to provide electricity to ICT [Information and Communication Technology] Centres” established by the NCDMB in several secondary schools across the Niger Delta and other parts of the country.

Chairman and Chief Executive Officer of Lee Engineering and Construction Company, Chief (Dr.) Leemon Ikpea, thanked the Executive Secretary and his entourage for the facility visit.

He said the company, whose corporate headquarters is in Ikoyi, Lagos, was incorporated in 1991, and currently has several subsidiaries operating in Warri, Port Harcourt, as well as in Europe and the United States.

Recalling the state of the oil and gas industry in Nigeria in the early 1990s, he noted that the dominance of foreign companies and production inputs, and the attendant massive capital flight, was exceedingly disturbing and ruinous to the Nigerian economy and that Nigerian engineers in the sector like him became agitated and initiated the push for local content.

According to him, the enactment of the Nigerian Oil and Gas Industry Content Development (NOGICD] Act, 2010, marked a turning point for the industry and the nation as indigenous oil and gas companies were thus enabled to vie for and execute projects.

Arguing that “Foreign companies cannot transfer technology to us,” he said it is only indigenous companies that could and have demonstrated such potential through intensive capacity building programmes, acquisition and deployment of hi-tech operational equipment and actual execution of projects.

He drew attention to the company’s feats in industrial equipment manufacture, the over 350 projects executed by Lee Engineering thus far, -including the Utorogu Gas Plant and the 150,000-barrel-per day Odidi Flow Station, and a workforce of 3,500 Nigerians to buttress his claim regarding the remarkable success achieved by indigenous companies.

According to him, “This is a sign that local content is working.” He thanked the NCDMB for living up to the billing as an enabler of businesses.

On the team of the NCDMB team to Lee Engineering were the General Manager, Corporate Communications and Zonal Coordination, Esueme Dan Kikile, Esq., Senior Technical Assistant to the Executive Secretary, Engr. Mofe Megbele, Zonal Coodinator, Delta and Edo States, Engr. James Eyetigha, and others.

Sen. Seriake Dickson Endorses Subnational Climate Governance Ranking Report

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The Chairman, Senate Committee on Ecology and Climate Change, His Excellency Senator Seriake Dickson has described the Climate Governance Performance Rating and Ranking (CGPRR) of Nigeria’s 36 States project as a timely and innovative intervention.

Dickson was speaking in Abuja shortly after receiving the report of the project which was launched by the Society for Planet and Prosperity (SPP) in close collaboration with the Department of Climate Change (DCC), Federal Ministry of Environment.

Dickson in his endorsement remark said: “This project will encourage increased climate action at the subnational level with resounding effect on national climate actions that will help Nigeria accelerate its commitment into achieving global climate change goals.”

The former Bayelsa State Governor stated further “we have just concluded a two-day retreat of the National Assembly Joint Committee on Ecology and Climate Change which took place on 25-26 July, 2024, in Abuja where we discussed how further stakeholders’ collaboration can help advance climate action in the country.”

“This Climate Governance Performance Rating and Ranking report will now serve as a tool for further engagements as the Joint Committee embarks on its proposed engagements with the subnational and private sector and consequently spur more actions in the areas where gaps exist in specific States,” he said.

“I have reliably gathered that this report is the first-ever Climate Governance Performance Rating and Ranking of Nigeria’s 36 states.

I am delighted to endorse it as a resource and tool for the advancement of climate change actions at the sub-national level especially the local governments and senatorial districts where the most vulnerable communities experiencing the direct impacts of climate change are domiciled.”

Dickson commended SPP, led by foremost Professor of Environment, Global Climate Governance & Public Policy, Professor Chukwumerije Okereke, the Department of Climate Change, Federal Ministry of Environment, and the entire Ministry, for embarking on such an outstanding and unique work which will now be the evidence-base for aggregated and improved subnational climate actions.

The subnational Climate Change Governance Performance Ranking project evaluated the extent of climate change governance and performance in Nigeria’s thirty-six states using five key ranking criteria namely: climate institutions and governance; climate policy and action plan; climate budget and finance; climate change projects implementation and monitoring; and climate online visibility.

After months of rigorous reviews and scrutiny, Lagos State emerged the overall best State, with Gombe and Ebonyi occupying the second and third positions respectively. The winners were announced at a high-level event chaired by the Honourable Minister of Environment, Malam Balarabe Abbas Lawal, on Thursday, 26 July, 2024.

Burning Down the Barn

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By Lanre Issa-Onilu

DG, National Orientation Agency (NOA) 

The proponents of violent protests are not relenting. They have fixed August 1 to August 10 as the days of rage. They are insisting that the house must be burnt down in anger. Like W. B. Yeats’ wrote in his poem, The Second Coming, “the falcon no longer hears the falconer.”

In this case, the champions of violence are not willing to listen to wise counsel. There’s a loss of order and guidance as the forces of chaos and destruction no longer heed the call of reason.

To what end are many Nigerians asking? The desire to destabilise the country has always existed. It is a combination of dissatisfaction with the current state of affairs and a penchant for chaos among certain citizens who harbour resentment for the country and President Bola Ahmed Tinubu. The option to cut their nose to spite their face is perplexing. Just how far does their discontent extend?

There is no denying the prevailing hardship and the weight of pain Nigerians are experiencing. However, we must also acknowledge that the foundation for the current situation was laid before this government took over on May 29, 2023. Past governments have made many bad choices over the decades, which have pushed the country precariously to the cliff edge. It is beyond reason that successive governments opted to kick the dirty can down the road, leaving it for the next guy to bell the cat.

The option we had pre-2023 elections was to go for the broke. We needed a President who could pull us away from the tipping edge and who dared to apply the necessary measures, even if that would bring temporary pains. Many Nigerians rooted for President Tinubu because he fitted the bill. He is a man of courage and conviction. He is hands-on, always focusing on the outcomes. He has an outstanding pedigree in governance. He is a proven reformer. And he is not given to pleasing the crowd. Personalities with these attributes don’t enroll in popularity contests. They would instead do what is right. And the end always justifies them.

Reforms. Bold reforms are what Nigeria needs now. This is what the Tinubu administration has embarked on. This government has taken a number of courageous decisions aimed at revamping the economy and bringing prosperity to the citizens.

We cannot achieve this in a day. Seeds take time to germinate. Hunger, however, cannot be cured by mere hope of a bountiful harvest. But hope has its essence. It can be a springboard for patience. And patience is needed for the country to reap the fruitful outcomes of the outstanding reforms of President Tinubu’s administration.

Shall we then exercise restraint? Shall we pull together at this critical period and prevent those who do not mean well for the country from burning down the barn?

NA to Strengthen NIMC’s Regulatory Function with New Act

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The National Assembly, as part of the moves to strengthen the regulatory function of the National Identity Management Commission (NIMC), has embarked on repealing and enacting the NIMC Act No. 23.

The NIMC Bill represents a significant legislative endeavour to enhance the efficacy and inclusivity of the Identity Management System. This updated and comprehensive bill embodies several proposed amendments designed to improve the effectiveness and inclusivity of the Nigeria ID System.

The amendments seek to fortify the foundational framework of the NIMC and its operations by;

Expanding the Scope of Registrable Persons. The benefit to the country is a more comprehensive and inclusive identification system, which enhances national security, facilitates efficient service delivery, and promotes financial inclusion.

The bill also aims to streamline the sharing of personal data, incorporating robust data protection measures to safeguard the privacy and confidentiality of individuals’ personal data and foster trust among citizens in the handling of their information. It also enhances NIMC’s administrative enforcement Power to ensure timely and accurate compliance with ID registration requirements.

The NIMC repeal and enactment bill, when passed into law, will lead to a more streamlined registration process, reducing bureaucratic hurdles and enhancing the reliability of the Nigeria ID System.

Government Secondary School, Oyigbo Emerges 2024 Champions of NLNG’s Science Quiz Competition in Rivers State

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The annual science quiz competition sponsored by Nigeria LNG Limited (NLNG) in Rivers State concluded on Saturday with Government Secondary School Oyigbo emerging as the champions in the senior secondary school S.S. 2 category.

This year’s contest centred on the theme “Artificial Intelligence (AI): Innovating the Future.” The quiz was open to students in S.S. 1 and S.S. 2 across secondary schools in Rivers State. Government Secondary School Oyigbo triumphed over six other finalists in the grand finale. Bonny National Grammar School and Niger Delta Science School, Captain Elechi Amadi Polytechnic, Port Harcourt, secured second and third places, respectively. The remaining finalists were Birabi Memorial Grammar School, Bori (4th place); Community secondary school oroworukwo (5th place); Community secondary school Ogbogbo, Okrika (6th place); and Enitonna High School Borikiri, Port Harcourt. (7th place).

The competition unfolded in three phases: the Olympiad, the Championship, and the Grand Finale.

In the S.S. 1 category, the competition ended at the Championship stage with Community Secondary School IgboEtche, claiming the top prize. Niger Delta Science School, and Nigerian Navy Secondary School, Borikiri earned second and third places, respectively.

“We are exceptionally proud of the students who participated in this competition,” stated Andy Odeh, NLNG’s General Manager, External Relations and Sustainable Development. “Their enthusiasm and knowledge are commendable, and they bring honour to their schools and Rivers State. We aspire that this competition will motivate other young individuals to delve into science and pursue careers in science-related fields,” he remarked.

Reflecting on the theme in his welcome remarks, Mr. Odeh emphasised, ” “There is no better time to expose our children and youths to these advancements than now. AI has become so integral to our lives that everyone, in some way, relies on it. From healthcare professionals using AI for precise diagnoses and treatments to students, utilising AI-powered tools for their studies, technology is enhancing our lives in countless ways. The train of progress has left the station, and we must catch up quickly if we want to be significant players in the future.”

Addressing NLNG’s commitment to education, Mr. Odeh stated, “We are proud of initiatives like the NLNG University Support Programme, where we constructed, renovated, and equipped engineering laboratories in six universities across Nigeria’s geo-political zones. We have also supported infrastructural development in host communities, renovating schools, and equipping libraries and science laboratories. Our scholarship programs—Post-Primary, Undergraduate, and Post-Graduate—continue to support students, particularly in our host communities in Rivers State.”

Representing Dr Ovy Chinedum Chukwuma, the Rivers State Commissioner of Education, Mrs Ebere Dennis-Emenike, the Permanent Secretary of the Rivers State Ministry of Education, emphasised that NLNG has exposed children and youths to the future through the competition. She added that the children and youths are being equipped with skills to think-out-the-box and fend for themselves.

Dr Peters Nwagor, the chairman of the Rivers State Science Teachers Association of Nigeria (STAN), stressed that the quiz has consciously and significantly promoted critical thinking and knowledge, problem solving skill, the development of time management and pressure handling skills, and interdepent and interdisplinary connection among the students. The quiz has also fostered teamwork, collaboration and healthy competition among the students, he said.

The competition was organised by Dragnet Solutions Limited in collaboration with the Rivers State Ministry of Education and the Science Teachers Association of Nigeria (STAN), Rivers State Chapter.

The NLNG Science Quiz Competition provides children and youths an interactive way to learn about science, raising awareness of its importance in society.

 

Anchor Insurance CEO, Ebose Augustine, Bags PhD in Entrepreneurship

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L-R: Mr. Ime Umoh (Company Secretary/Legal Adviser), Prof. Paul Okon Udofot (Member, Board of Directors), Dr. Ebose Augustine Osegha (Managing Director/CEO) and Mr. Udowa Ben Imoh (Chairman), all of Anchor Insurance Company Limited during the MD’s Doctoral graduation in Entrepreneurship at Babcock University, Ilishan, Ogun State on Thursday, July 25, 2024.

Moniepoint Strengthens Efforts to Broaden Financial Access Through Collaborative Initiatives

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Africa’s fastest growing financial institution according to the Financial Times, Moniepoint Inc has underscored the importance of a collaborative and holistic stakeholder approach in advancing the future of financial and economic inclusion in Nigeria.

In a recent high-level policy dialogue between the Nigerian government and private sector stakeholders held in Washington DC, Moniepoint Inc’s Group CEO and Co-Founder, Tosin Eniolorunda emphasised the importance of public-private collaborations in addressing trust issues that have slowed down the adoption of innovative fintech solutions for economic and financial inclusion.

“Moniepoint has long championed the importance of financial inclusion and financial happiness. Building trust with the public and government, improving business and consumer access to the financial system are critical issues that are aligned to our philosophy. As testament to our commitment, we recently launched a landmark report investigating Nigeria’s informal economy, highlighting opportunities to widen financial inclusion to historically underserved communities. The outputs from this strategic gathering will go a long way in bolstering Nigeria’s economy even as closer linkages are formed from public-private collaboration which will be a huge boost to the overall development and competitiveness of the larger financial services industry,“ Eniolorunda said.

The event, which brought together government officials, regulators, law enforcement agencies, and fintech industry leaders at George Washington University, aimed to leverage innovative approaches to drive a sustainable and inclusive financial system in Nigeria.

Vice President Kashim Shettima, addressing the gathering via video conference, highlighted the urgent need for financial innovation to drive Nigeria’s economic and financial inclusion agenda. This aligns with President Bola Ahmed Tinubu’s administration’s commitment to bringing over 30 million unbanked Nigerians into the formal financial sector as part of the Renewed Hope Agenda.

“We must develop a sustainable collaboration approach that will facilitate the adoption of inclusive payment to achieve our objective of economic and financial inclusion,” Vice President, Shettima stated.

The dialogue focused on addressing critical challenges in Nigeria’s fintech ecosystem, including regulatory oversight, security concerns, and trust issues that have hindered the widespread adoption of innovative financial solutions. Participants explored strategies to enhance interagency collaboration and strengthen the overall effectiveness of the financial services sector.

Philip Ikeazor, Deputy Governor of the Central Bank of Nigeria responsible for Financial System Stability, emphasised the need for ongoing collaboration among all stakeholders to meet the goals of the Aso Accord on Economic and Financial Inclusion.

Kashifu Inuwa Abdullahi, Director General of the National Information Technology Development Agency (NITDA), advocated for “a digital-first approach and the fusion of digital literacy with financial literacy to address trust issues affecting the inclusive payment ecosystem.”

Dr. Nurudeen Zauro, Technical Advisor to the President on Economic and Financial Inclusion, explained that the gathering aims to evolve into a mechanism providing relevant information to the Office of the Vice President, facilitating effective decision-making for economic and financial inclusion.

The event resulted in various recommendations covering rules, infrastructure, and coordination, with a focus on implementable actions and clear accountabilities. As discussions continue, Moniepoint remains dedicated to leveraging its expertise and technology to support the government’s financial inclusion goals and create a more financially inclusive society for all Nigerians.

Other notable speakers included Inspector General of Police, Mr. Kayode Egbetokun, Executive Director of the Center for Curriculum Development and Learning (CCDL) at George Washington University, Professor Pape Cisse, Assistant Vice President at Merrill Lynch Wealth Management, Mr. Reginald Emordi, Regional Director for Africa at the Center for International Private Enterprise (CIPE), Mr. Lars Benson, and United States Congresswoman representing Florida’s 20th Congressional District, The Honorable Sheila Cherfilus-McCormick and Prof. Olayinka David-West from the Lagos Business School among others.

 

ITU Ranks Nigeria High in Digital Transformation Readiness

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A new report of the International Telecommunication Union (ITU), has ranked Nigeria very high at 71 per cent, in comparative legal, policy and governance frameworks towards G5 – advanced state of readiness for digital transformation known as G5 with Germany, Finland and Singapore leading the global chart.

In the report conducted by the ITU, the United Kingdom’s Foreign, Commonwealth & Development Office (FCDO) and the Nigerian Communications Commission (NCC), and unveiled by Nigeria’s Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani in Abuja on Monday, Nigeria was ranked among Africa’s top seven BEMECS 5G Readiness Index, which represents the country’s readiness to deploy and adopt mass-market 5G networks.

Titled, Collaborative Regulation: Accelerating Nigeria’s Digital Transformation, and presented at the Digital Economy Complex, Mbora, Abuja by ITU’s Kagwira Nkonge, the report, among other things, presented a case study for ‘collaborative regulation review to assess and support Nigeria’s transition towards collaborative digital governance, evidence-based policy making and agile regulation in the digital economy”.

The report, which was presented to a cross section of key industry stakeholders including service providers, government agencies, representatives of multilateral institutions, West Africa Telecommunications Regulators Assembly (WATRA), Africa Telecommunications Union (ATU), among others, was also designed to complement existing cross-country benchmarks in which features of countries policy and regulatory environment are assessed.

The features of countries policy and regulatory environment are assessed according to the pillars of the Generations of Regulation frameworks which tracks telecom regulatory maturity towards digital transformation readiness, designated at G5 Advanced State of Readiness”, and for which Nigeria currently stands at G4.

Advanced State of Readiness is benchmarked against four critical levels of accomplishments which include national collaborative governance, policy design principles, digital development toolbox, digital economic policy agenda, with Nigeria scoring 91 per cent in regulatory capacity; 82 per cent in Market Rules; 81 per cent in Collaborative Governance; 76 per cent in Legal Instruments for ICT/Telecom markets; 69 per cent in National Digital Agenda Policy, among other benchmarks.

Tijani, in his remarks at the event, commended the ITU and partner agencies and consultants that actualised the report; and expressed Federal Government’s commitment “to utilise this report as a navigational aid towards attainment of our regulatory objectives and policies outlines towards achieving a robust digital economy”.

“That is what we will continue to do as a government, ensuring that we can put ourselves in a place to have cutting-edge modern regulations in place to ensure that business is done properly in our sector and to ensure that, where possible, increase the local content of the sector as well,” he said.

Tijani noted that NCC has adapted over the years in response to how its role and mandate have changed.  He explained, “Fifteen, twenty years ago, NCC was just regulating the telecommunications sector, today, NCC regulates the foundation for which any economy would be prosperous.”

The Executive Vice Chairman of the NCC, Dr. Aminu Maida, who hosted the presentation, welcomed the indicators that promote effective regulation, attraction of greater investment, and development of innovative models for broader digital inclusion.

He emphasised that collaborative regulation would support Nigeria’s transition towards effective digital governance, evidence-based policy making and agile regulation in the nation’s digital economy.

The ITU Report can be accessed through the link: https://www.itu.int/hub/publication/d-pref-them-33-2023/

Stanbic IBTC Empowers 200 Nigerian Future Leaders Through Transformative Scholarship Programme

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Following its successful launch in 2019, with the selection of 100 students nationwide, the annual Stanbic IBTC University Scholarship programme has proven to be a launchpad for Nigeria’s brightest minds to advance academically; providing a supportive environment to for them to reach their full potential.

To further extend its impact, Stanbic IBTC increased the number of beneficiaries to 200 in 2023 and has sustained this increase for the second consecutive year. This expansion solidifies the programme as a remarkable opportunity to foster the development of Nigeria’s future leaders by recognizing and rewarding academic excellence.

This University Scholarship initiative propels the country’s future leaders, and it is an inspiring reward for academic excellence and hard work. The selected scholars from over 16,000 applications have demonstrated remarkable academic prowess, scoring 250 and above in the 2023 Unified Tertiary Matriculation Examination (UTME); and attaining a minimum of five (5) credits in their O ’level examinations. Their admission into esteemed Nigerian federal and state universities was one of the criteria that qualified them for this auspicious opportunity.

The impact of this programme on its beneficiaries is visible from many angles. By covering the cost of four years of academic study with a substantial fund of 80 million Naira, Stanbic IBTC removes the financial barriers that often hinder talented students from pursuing academic dreams. This support allows these young minds to focus entirely on their studies, fostering an environment where innovation and excellence can thrive.

The organization applies a holistic approach to national development by supporting students from various academic fields. This reflects Stanbic IBTC’s vision of nurturing well-rounded leaders capable of addressing Nigeria’s multifaceted challenges.

The scholarship awards had an impressive gender balance, with 101 females and 99 males receiving the offer, underscoring Stanbic IBTC’s commitment to equality and inclusivity in education and all aspects of its operations. This approach ensures that talent is recognized and nurtured regardless of gender, contributing to a more balanced and progressive society.

The upcoming hybrid award ceremony scheduled for Friday, 26 July 2024, will celebrate these achievements and create a sense of community among scholars, their families, and stakeholders. This event will undoubtedly inspire and motivate other students nationwide to pursue academic excellence.

Stanbic IBTC’s initiative also sets a powerful example for corporate involvement in education. By doubling the number of scholarships to be awarded for the second consecutive year, the firm demonstrates its growing commitment to educational empowerment and its belief in the potential of Nigerian youths.

Through this comprehensive scholarship programme, Stanbic IBTC invests not just in individual students, but in Nigeria’s future. By empowering these young leaders, the organization contributes to developing a skilled workforce, fostering innovation, and laying the groundwork for sustainable national progress.

Stanbic IBTC’s University Scholarship programme stands as a shining example of how corporate social investment in education should be. It celebrates the determination and talent of Nigerian youths while reinforcing the crucial role of education in shaping capable leaders and driving positive transformation across the nation.

NCDMB Holds Retreat with Senate Committee on Local Content, Seeks Close Collaboration

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Cross-section of NCDMB management and members of the Senate Committee on Local Content at the 3-day retreat at Abuja, aimed at forging closer collaboration between the two entities and improving implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.

The Nigerian Content Development and Monitoring Board (NCDMB) and the Senate Committee on Local Content on Sunday began a 3-day retreat at Abuja, aimed at forging closer collaboration between the two entities, to achieve improved implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.

The theme of the retreat is creating synergy for sustainable local content development and was attended by members of the committee and some senior management of the NCDMB.

Speaking at the opening ceremony on Monday, the Executive Secretary NCDMB, Engr.  Felix Omatsola Ogbe underscored the importance of collaboration with relevant stakeholders in managing and growing Nigerian Content in the oil and gas industry. He stated that the retreat is a key platform for actualising the needed collaboration, describing the National Assembly as one of the most important stakeholders to collaborate with.

He reiterated that the Board is focused on fulfilling the mandate set out by the NOGICD Act, which is basically to build the capacity of Nigerian companies and people to participate in the oil and gas industry and to monitor the compliance of oil and gas companies. He stressed that the mandate has not changed with the change of leadership in the Board.

Speaking further, Ogbe maintained that his major objective in the current role is how to sustain the growth of Nigerian Content in the oil and gas industry.

Commenting on the performance of the Board, the Executive Secretary indicated that NCDMB operates as a business enabler and supports the value chain efficiency and project delivery. He added that “consistent with the recent Presidential Directives on Local Content and in line with our Service Level Agreement (SLA) with the oil and gas industry, we are simplifying our processes and accelerating our approval timeline to enable business delivery.” He also announced that the Board was coming up with a programme where it would upgrade the quality of some primary and secondary schools in the hinterlands, as a strategy to develop competent manpower for the oil and gas industry in years to come.

In her remarks, the Chairman of the Senate Committee on Local Content, Senator Natasha Akpoti-Uduaghan lauded the successes that have been recorded with the implementation of the NOGICD Act, especially in the development of critical assets and the emergence of Nigerians with the requisite skills to deliver complex projects and lead operations of the oil and gas industry.

She however identified huge gaps for improvements, noting that the retreat provided the opportunity to create the needed interface with key stakeholders. She emphasised that close collaborations lead to higher productivity and impact, which would benefit members of the public.

She also canvassed that trainees of the Board’s on-the-job training and direct training programmes should be engaged by the oil and gas industry, otherwise, the resources committed to their training would have been wasted.

The retreat featured presentations from key directorates of the Board, including the Director, Monitoring and Evaluation, Mr. Abdulmalik Halilu, who discussed how monitoring activities are carried out by the Board, to ensure that operating and service companies comply with the provisions of the NOGICD Act. He explained that the Nigerian Content Compliance Certificate (NCCC) which is the outcome of the Board’s Projects Certification and Authorization process is converted into the monitoring template and used to monitor the operations of oil and gas firms.

Also speaking, the Director, Projects Certification and Authorisation Division (PCAD), Engr. Abayomi Bamidele suggested that players of the Nigerian oil and gas industry must ensure that at least one final investment decision (FID) is taken every year, to keep oil and gas service facilities, investments and employees engaged.

Insurance, Banking, Telecom CEOs with Highest Media Visibility in Q2, 2024

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Inspite of the challenging economic conditions and their adverse effects on businesses nationwide, Nigeria’s commercial banking, insurance, and telecommunications sectors have consistently maintained robust media relations, marketing strategies, and public awareness initiatives.

Their success has been bolstered by the impressive data shared with the media in the second quarter, which has helped sustain positive public perception and confidence in these industries. An independent analysis of the media performance and prominence of the CEOs of Nigerian Commercial Banks, Insurance Companies and Telecommunication Providers for the second quarter was conducted by the leading Media Intelligence and Public relations audit agency, P+ Measurement Services. 

This media analysis monitored more than 1.3 million online publications from blogs, news sites, broadcasts, forums, and digital media in the local and global media space, as well as about 5,115 print publications (including daily, weekly, and monthly publications), from which different metadata was extracted, including the sentiment of reporters, editors, publishers, and opinion writers from various online and print publications, spokesperson analysis, CEOs performances, and other topics.

Through detailed media data gathering, analysis, and audit of salient valid PR metrics of 27 Commercial Banks, top 10 leading Insurance companies, and top 4 Telecommunications Providers. The reports ranked the top CEOs (Commercial Banks, Telecommunication, and Insurance) prominent in the Online and Print media.

According to the analysis, Yemisi Edun of First City Monument Bank (FCMB), led the leaderboard with a 23% share of media coverage, indicating a strong media presence and influence in the banking sector. Closely behind were Oliver Alawuba of United Bank for Africa (UBA) with 22% and Nneka Onyeali-Ikpe of Fidelity Bank capturing 22% of media coverage, demonstrating significant visibility and engagement within the industry. Moruf Oseni of Wema Bank came in next with 18% and Wole Adeniyi of Stanbic IBTC Bank rounded out the chart with 16%, showing a notable but comparatively lower media presence. This distribution of media coverage highlights the competitive landscape and varying levels of media engagement among top banking executives.

In the insurance sector, the media performance audit report revealed that Akinjide Orimolade of Stanbic IBTC Insurance Limited had the most media exposure at 73%. Lesi Gboyega of Leadway Assurance with 15% and Kunle Ahmed of AXA Mansard Insurance followed closely with 9%. Eddie Efekoha of Consolidated Hallmark Insurance with 2% and Andrew Ikehua of NEM Insurance with 1% media exposure. This distribution highlights a competitive media landscape among insurance executives, with varying levels of visibility and engagement reflecting their influence and presence in the sector. Comparing both sectors, it is evident that top executives in banking and insurance are actively working to maintain significant media profiles to enhance their brands’ visibility and market influence.

In the telecommunications sector, Karl Toriola of MTN Nigeria led the media performance with 67% share of media coverage, highlighting MTN’s dominant presence and influence in the industry. Carl Cruz of Airtel Nigeria followed with 31%, indicating substantial visibility and engagement. In contrast, Mike Adenuga of Globacom had lower exposure, with only 2% media coverage.

This distribution underscores the disparity in media engagement among telecommunications executives, with MTN and Airtel maintaining strong media profiles. Comparing the telecommunications sector to the banking and insurance sectors reveals that media coverage is highly concentrated among a few key players, highlighting the varying strategies and successes in maintaining media presence across different industries.

Overall, the analysis reveals significant disparities in media engagement across the banking, insurance, and telecommunications sectors. Key executives like Yemisi Edun, Akinjide Orimolade, and Karl Toriola have successfully maintained strong media profiles, highlighting their influence within their respective industries. This highlights the importance of strategic media engagement for maintaining visibility and influence in a competitive landscape.

 

About P+ Measurement Services

P+ Measurement Services is Nigeria’s leading independent media intelligence consultancy that focuses on delivering detailed media monitoring, measurement, evaluation, and analysis across all media channels. P+ is internationally recognized as a PR measurement and evaluation consultant in Nigeria with activities being governed/regulated by AMEC (The International Association for the Measurement and Evaluation of Communication).

 

 

NCDMB, UBEC Explore Opportunities for Capacity Building, Support for Basic Education

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L-R: Executive Secretary, Universal Basic Education Commission (UBEC), Dr Hamid Bobboyi and the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe after the meeting between the chief executives at NCDMB’s Abuja liaison office. Executive Secretary, Universal Basic Education Commission (UBEC), Dr Hamid Bobboyi and the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe with top management staff of both agencies after the meeting between the chief executives at NCDMB’s Abuja liaison office on Tuesday.

The Nigerian Content Development and Monitoring Board (NCDMB) and the Universal Basic Education Commission (UBEC) have agreed to collaborate towards upgrading basic education in the country and building capacities of young Nigerians towards meeting the needs of the ever-changing oil and gas industry and the linkages sectors.

The partnership opportunities were explored on Tuesday when the Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe hosted his counterpart from UBEC, Dr. Hamid Bobboyi at the Board’s Abuja liaison office. The leaders agreed to set up a joint committee that would finalise details of their agencies’ collaboration, with the overall goal of contributing meaningfully to the future of the Nigerian economy.

The kernel of the meeting attended by the top management of both organisations centred on how NCDMB could partner UBEC to upgrade some dilapidated primary and junior secondary schools dotted across the country, train teachers and upgrade critical facilities to meet the demands of the present age. Conversations also hovered around making basic education work sustainably, developing digital resource centres and smart school systems as well as synergising efforts of stakeholders in the education sector for maximum impact.

Before this engagement, NCDMB had developed over 150 ICT centres in secondary schools across the country and upgraded select technical colleges as well as intervened in some universities as part of its institutional strengthening programme, supported by international and indigenous oil producing companies.

In his remarks, the Executive Secretary of NCDMB announced the introduction of a bespoke capacity-building project tagged “Back to the Creeks/ Villages.” The initiative would seek to revamp dilapidated primary schools, especially in the creeks of the Niger Delta and other parts of the country, develop their infrastructure, teaching personnel and curriculum to world-class standards and make the interventions sustainable.

Ogbe revealed his passion for contributing to the development of remote parts of Nigeria and mentioned that he had started engaging some international oil producing companies. He hopes the oil companies will embrace the initiative and channel their human capacity development (HCD) budgets to the new programme for symbiotic benefits.

He underscored the strategic need to begin at the basic education level to develop capacities of young Nigerians, rather than intervening at the senior secondary or tertiary levels.

The Executive Secretary said the detailed strategy for the “Back to the Creeks/Villages” was still being fine-tuned and would soon be unveiled to industry stakeholders.

He assured the UBEC boss that NCDMB would partner with the agency, beginning with the training of teachers, harping that the success of the collaboration would attract other entities to partner with UBEC.

He emphasised the need to develop complete project scopes and to make every intervention sustainable. This can be achieved he explained, by deliberately getting the benefitting communities to take ownership of the projects. .

Earlier in his remarks, the Executive Secretary of UBEC suggested that NCDMB should partner with the agency to develop, equip and operate Digital Resources Centres and Smart School Solutions in states of the federation.

The UBEC boss bemoaned the embarrassing state of basic educational institutions across the country and remarked that a nation that neglected the first level education had invariably embraced a bleak economic future and dysfunctional society.

He rued several challenges that impact the development of basic education in the country, such as insufficient budget, and lack of interest by some state governors. among other issues. He highlighted the need for collaboration with stakeholders, to leverage extra resources for the sub-sector.

In their contributions, the Director, Corporate Services NCDMB, Dr. Ama Ikuru commented that NCDMB’s interventions in schools and other centres of learning in the past 14 years were in furtherance of its mandate of building requisite capacities for the Nigerian oil and gas industry and linkage sectors.

Likewise, the Director, Monitoring and Evaluation, Mr. Abdulmalik Halilu advised that the Board’s collaboration with UBEC must be guided by four pillars, notably needs assessment, sustainability plans, enablers for execution and identification of funding sources.

UN, Columbia University, New York to Headline ASIS 2024

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The Africa Social Impact Summit (ASIS) 2024 is set to be an extraordinary gathering of influential leaders, Amina Mohammed, Deputy Secretary General of the United Nations, and Jeffrey Sachs, of the world-acclaimed Columbia University, New York, are set to headline the event.

The summit, co-convened by the Sterling One Foundation and the United Nations, is scheduled for July 25th and 26th at the Eko Convention Centre, Lagos. It promises to be a pivotal platform for addressing Africa’s critical social and economic challenges under the theme “Reimagining Progress: A New Blueprint for Sustainable Growth in Africa.”

Jeffrey Sachs, renowned economist and director of the Center for Sustainable Development at Columbia University, is known for his extensive work in global economic development and poverty alleviation. His expertise in sustainable development will provide a vital framework for the summit’s discussions on creating economic opportunities and reducing inequalities.

Amina Mohammed, Deputy Secretary-General of the United Nations, has a rich history of leadership in international development and environmental sustainability. Her participation is expected to drive crucial conversations on achieving the Sustainable Development Goals (SDGs) across Africa, focusing on inclusive growth and environmental stewardship.

Abubakar Suleiman, CEO of Sterling Bank, is celebrated for his innovative approaches to banking and his strong commitment to corporate social responsibility. His insights into sustainable business practices and economic development will be instrumental in shaping the summit’s agenda.

Olapeju Ibekwe, CEO of the Sterling One Foundation, expressed her excitement for the event: “ASIS 2024 represents a unique opportunity for global leaders and innovators to converge and create sustainable solutions for Africa’s most pressing challenges. We are honoured to have such distinguished speakers and partners joining us in this transformative journey.”

ASIS 2024 will bring together leaders from the private sector, public sector, tech ecosystem, non-profit organisations, and government to collaborate on initiatives that drive social impact. The summit will focus on key areas such as universal health access, education, equality, food security, and climate action.

Interested participants can register for the summit at www.theimpactsummit.org.

Sovereign Trust Insurance Earn TEXEM’s Recognition Award

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L-R: Segun Bankole, DGM/Head, Corporate Communications & Investor Relations, Sovereign Trust Insurance Plc, Olaotan Soyinka, MD/CEO and Jumoke Dada, Associate Project Director (TEXEM) during the presentation of the Recognition Award Plaque to the Underwriting Firm for being a Strategic and Impactful Investor in Human Capital Development at the Corporate Head Office in Lagos.

These Executive Minds (TEXEM), a UK-based Human Development and Training organisation awarded a crystal plaque to the organisation for being a Strategic & Impactful Investor in Human Capital Development.

It simply implies that Sovereign Trust Insurance Plc sees its staff as a veritable and significant asset to the organisation in delivering service excellence to all its customers home and abroad.

Training and Skills development continues to form the fulcrum of the organisation’s HR Department.

Winners Emerge at Sovereign Trust Insurance Table Tennis Tourney

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The Grand Finale of our eponymous Table Tennis Tournament was held on Friday, July 19, 2024 at the Table Tennis Section of the prestigious Ikoyi Club 1938.

The grand finale was witnessed by members of the club, captains of industry, members of Sovereign Trust Insurance Plc and guests from all walks of life.

In the Premiership category, Gbenga Fatuga emerged the winner while I. Ikokwu was runner-up and the third place went to D. Akindiji and Tunde Fadare.

For the Ladies single, Dolapo Dada clinched the trophy as winner, Yewande Banjoko was runner-up and the duo of M. Alli & B. Kolawole took 3rd position respectively.

For the Veterans’ category, Oluwole Soetan emerged as the champion, S. Aladesuru in second position while Seye Oki and Y. Adeyemi made the 3rd place.

Okechi Ugoji was the winner of the Championship category while E. Sunday was runner-up. The 3rd place position went to D. Udoh and E. Nwankwo respectively.

The winner of the Septuagenarian category was Gbolahan Okuneye and the runner-up was B. Adekusibe while the 3rd place position went to B. Afolabi and L. Ogboye respectively.

The duo of Gbolahan Okuneye and Diya clinched the Men’s Doubles title, Akindiji/Ajilore were in 2nd place as Oki/Aladesuru and Fadare/Jimoh took the 3rd position respectively.

The Chairman of Ikoyi Club 1938, Tafa Zibril was the Guest of honour at the event. The Table Tennis Section Chairman, Dare Olude thanked the underwriting firm for the magnanimous gesture of sponsoring the Table Tennis Tournament annually. He called for more of such initiatives from well-meaning Nigerians and organisations.

The Executive Director, Finance and Corporate Services for Sovereign Trust Insurance Plc, Kayode Adigun thanked the General Committee of Ikoyi Club 1938 and the Table Tennis Section in particular for providing a platform for the organisation to showcase its brand to a very unique elite club in the country.

He urged everyone to be part of the STI Plc family by being a customer of the products and services under the stable of Sovereign Trust Insurance Plc.