Mr. Chuks Udo OKonta, Publisher of Inspenonline has won the NAICOM Online Media Excellence Award for 2023.
The award presentation was made to him during the 2023 annual NAICOM Seminar/Retreat for Insurance Journalists held recently at Ibom Hotel & Resort, Uyo, Akwa Ibom State.
Stanbic IBTC Bank has recently become aware of certain misinformation circulating with respect to its loans to Directors in 2022.
As a socially responsible corporate organisation, Stanbic IBTC Bank is aware of the significance of maintaining transparency and integrity in all its processes.
It is therefore necessary to address these allegations promptly and directly.
It is important to clarify that the Bank’s lending policies are uniform according to the categories of loan applications received.
All loans, regardless of who the recipients may be, undergo a thorough and rigorous review process.
This process ensures that every loan is made on a justifiable basis and in accordance with the Bank’s stringent lending policies; and these policies are in place not only in adherence to legal requirements, but also to uphold our commitment to fairness and integrity.
The Bank’s board members are not exempt from these procedures or the Bank’s internal credit and risk policies as the loans were approved by the appropriate credit committees and were made on commercial terms.
Stanbic IBTC Bank remains committed to conducting its business in a responsible and ethical manner.
The Bank will continue to adhere to all applicable laws and regulations, and will maintain the highest standards of Corporate Governance.
The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) have signed an amendment to the Memorandum of Understanding (MoU) on the $50million NOGaPS Manufacturing Fund.
The Fund was created by the NCDMB and domiciled with BOI to attract oil and gas equipment manufacturers to the Nigerian Oil and Gas Parks Scheme (NOGaPS) facilities established by the NCDMB, and increase access to affordable finance by the manufacturing entities.
The signing of the amended MoU took place in Lagos at the 2023 second quarter Review Meeting of the Nigerian Content Intervention Fund (NCIFund).
In his remarks, the Executive Secretary, NCDMB, Engr Simbi Kesiye Wabote underlined the tremendous success of the NCIFund in catalysing capacity development and investments in the Nigerian oil and gas industry. He hinted that the Fund serves as a model for local content practice across the African continent and inspired the creation of the African Energy Bank by the African Petroleum Producers Organisation (APPO), in partnership with the African Export Bank (Afreximbank).
He added that countries like Angola and Namibia are currently engaging the Board, with a view to understand the workings of the NCI Fund, so as to replicate same in their jurisdictions.
In Wabote’s words: “Today, Angola is thinking of establishing a similar credit line for their oil and gas companies. I think the parliament recently approved some sum of money for them to manage in that respect. Namibia is planning to do the same with the potential enactment of a Local Content Act.”
Wabote further commended the Bank of Industry for the successes being recording in the management of the NCI Fund, assuring that the Board will continue to look for other opportunities to increase its partnership with BOI.
He said: “Considering the effectiveness and success recorded by BOI, NCDMB may consider inviting BOI to send a nominee that will act as independent Director to the Board of Directors of some of the companies that we have invested equity in. This will help them overcome some of the prevailing issues around governance, liquidity and technical optimisation.”
On his part, the Managing Director of the Bank of Industry, Mr. Olukayode Pitan expressed confidence in the future performance of the Board’s funds domiciled in the bank while noting that these quarterly review meetings will impact on sustaining the effective disbursements and recovery of these funds.
According to him, the NCI Fund is performing excellently with 194 applications equalling US$1 billion /₦80.6 billion with 69 disbursements totalling US$324 million /₦38.4 billion as at the day of reporting.
The Board established the NCI Fund in 2018 with the purpose of financing Oil and Gas companies to increase capacity and grow Nigerian Content in the Industry Presently, the NCI Fund has five product lines which are being managed by the Bank of Industry. They include – Manufacturing Finance -$10m; Asset Acquisition Finance -$10m; Contract Finance -$5m; Loan Refinance -$10m and Community Contractor Finance – ₦20 million.
The US$50 million NOGaPS Fund was launched as a separate product in March 2023 to incentivize companies that will be domiciled and manufacture oil and gas equipment components within the NCDMB oil and gas parks being established at different locations across the country, with the sites in Bayelsa and Cross River State open for occupation.
The Board also has a US$30 million Working Capital Fund for oil and gas service companies and US$20m Fund for Women in Oil and Gas Intervention Fund. The last two facilities are administered by the Nexim Nigerian Export-Import Bank and the agreements were signed in mid-2021.
L-R: Humphrey Ozegbe, Chief Human Capital Officer/Head, Management Services; Moses Omorogbe, Company Secretary; Modupeade Adepoju, Head, ERM/Compliance; Emmanuel Otitolaiye, Chief Financial Officer; Okanlawon Adelagun, Executive Director, Technical; Daniel Braie, Managing Director/CEO; Imo O. Imo, Chief Strategy & Product Development Officer; Ohi Alufohai, Head, Human Capital and Temitope Solomon, Head, Retail Marketing, all of Linkage Assurance Plc during the unveiling of the Company’s Motor Third Party Plus Variant at its corporate head office in Lagos.
Underwriting firm, Linkage Assurance Plc has unveiled budget-friendly motor third party-plus variants to enhance customer experience.
The Third Party Plus Variants provide policyholders with greater flexibility in choosing insurance coverage that suits their needs and risk tolerance.
Mr. Daniel Braie, Managing Director/CEO, Linkage Assurance Plc speaking at the unveiling ceremony at its corporate headquarters in Lagos said the variants are budget-friendly plans designed with simplicity in mind.
According to him, these make the insurance process straightforward and easy to understand, making it an appealing option for individuals who prefer uncomplicated insurance solutions.
The ‘Third Party Plus Motor Insurance Plan’ offered by Linkage Assurance Plc have value propositions for individuals looking for cost-effective coverage.
The CEO said the primary value proposition of budget-friendly insurance plans is their affordability.
“These plans are designed to offer coverage at a lower premium, which can be especially attractive for individuals looking to meet legal insurance requirements or protect against basic risks without a significant financial burden.”
Braie said the Third Party Plus variants as budget-friendly plans may not offer extensive coverage options, however they provide essential coverage needed to comply with legal requirements and protect against third-party liability and own damage.
“The Third Party Plus fulfill these legal requirements, allowing individuals to drive with confidence while meeting their obligations.”
This can be particularly beneficial for those who primarily wants coverage for potential damages or injuries caused to others in accidents, the CEO said.
Speaking on the cost management, he said for individuals on a tight budget, a budget-friendly insurance plan can help manage the costs associated with vehicle ownership.
“It provides a level of financial protection against unforeseen accidents without requiring a substantial financial commitment.”
These plans he said can be suitable for first-time vehicle owners or young drivers who are starting to build their driving experience.
“They provide a way to enter the insurance market and gain basic coverage without a significant financial outlay.”
The Third Party Plus and its variants will also contribute to insurance penetration, especially in the retail and personal line spaces because it’s associated with No Excess Buy Back, No Depreciation on claims, as well as reinstatement of cover upon erosion due to multiple claims.
Professor Umar Danbatta, Executive Vice-Chairman/CEO, Nigerian Communications Commission (NCC) says Nigeria’s current ranking of 109 out of 131 countries on the Network Readiness Index (NRI) in 2022 is challenging and troubling.
Danbatta said Nigeria as a telecommunications powerhouse, with 82 percent of the continent’s telecom subscribers and 29 percent of the continent’s Internet consumption should have better NRI ranking than the current level of ranking. He added that the challenge becomes even more worrisome given that the nation rates 11th globally in terms of Internet penetration and seventh in terms of mobile phone usage.
The NCC Chief said: “The global data collected by the NRI team reveals that digital transformation is a global imperative in order to maximise the social and economic effects of the digital era.
It can create new inequalities which can hinder the ability of younger generations to engage in the digital economy, but also remains a powerful way to do more with less at all levels of income.
Formal education is evolving, and metrics are important to support informed policymaking. This requires reskilling and upskilling opportunities to be available, accessible, and affordable in order to have more inclusive and sustainable economies and societies.
Nigeria is a telecommunications powerhouse, with 82 percent of the continent’s telecom subscribers and 29 percent of the continent’s internet consumption. Our nation rates eleventh globally in terms of internet penetration and seventh in terms of mobile phone usage. Despite these remarkable metrics, the fact that our Network Readiness Index (NRI) ranking for 2022 is 109th out of 131 countries is both humbling and challenging?”
He described the NRI as a guiding metric that measures the role and impact of Information and Communication Technology (ICT).
“It explores the performances of 131 economies in four key categories: technology (infrastructure), governance, people, and impact. As agents of social and economic transformation in our nation, prioritising network readiness is not only a strategic necessity but a mandate. Throughout our deliberations, we will engage in thought-provoking forum discussions that explore the foundational pillars of NRI, through a number of presentations by renowned professionals in the technology landscape.”
Mr. O. S. Thomas, the Commissioner for Insurance & CEO, National Insurance Commission (NAICOM) says the Commission is actively monitoring and taking note of insurance companies actively violating the new motor insurance rates in the country.
Thomas said at the 2023 Annual NAICOM Retreat for Insurance Journalists at Uyo, Akwa Ibom State, that the Commission will take punitive action against such insurers at the right time.
The NAICOM Chief said: “We’re taking regulatory note of insurers violating the new motor rates, which has come to stay. The system is adjusting to the new reality.”
He said the Commission has received a lot of commendations from various sources in respect of the N15, 000 Third-Party Motor Insurance despite the relative backlash from certain policyholders in the market.
In terms of micro-insurance, he said the challenges of micro-insurance growth in Nigeria include networking, infrastructure, insecurity and the recent rising cost of operations.
Allianz Nigeria, a trusted name in the financial services industry is thrilled to announce the introduction of the revamped savings plan, AllianzTrust. This comprehensive savings solution has been meticulously redesigned to safeguard our customers’ finances amidst the current challenges being faced as a result of recent economic changes.
The revamped AllianzTrust features an array of variants, flexible savings options, competitive interest rates and a wealth of benefits; thus affirming Allianz Nigeria’s commitment to our customers’ financial prosperity.
The key feature of this upgraded savings plan is a structure that offers a variety of tenor options, allowing you to tailor your savings journey to match your unique objectives. Moreover, the plan offers comprehensive life and accidental death coverage, medical expense benefits, and more.
Commenting on the product revamp, Aimalohi Higo, Head of Alternative Distribution, Strategy, and Reputation, noted, “Amidst the evolving landscape, we, as Nigeria’s entrusted financial leader, have deeply contemplated avenues to alleviate financial concerns. Thus, we are introducing a revamped product, poised to reshape the financial futures of our valued customers. At Allianz Nigeria, we steadfastly believe in the potential within each individual to attain financial freedom. The revamp of AllianzTrust underscores our unwavering dedication to this conviction”
To commemorate the introduction of AllianzTrust, Allianz Nigeria is extending a warm invitation to all existing and potential customers to explore its features and benefits on their official website. Secure your financial future confidently through our revamped savings plan and embark on a transformative journey towards financial empowerment.
About Allianz Nigeria Insurance Limited:
Allianz Nigeria Insurance Limited stands as one of Nigeria’s fastest-growing insurance companies, offering a comprehensive portfolio of insurance products to individuals, small and medium-sized enterprises (SMEs), as well as commercial and corporate clients. Boasting a robust geographical network that spans across Nigeria, we are dedicated to assisting individuals, families, and businesses in safeguarding their futures.
Our solid financial foundation and technical prowess drive our commitment to delivering cutting-edge insurance products.
Our strategy revolves around the quality of our clientele, the expertise of our workforce, and the highest professional standards.
We are steadfastly committed to becoming one of Nigeria’s most reputable and trusted insurance providers, offering you the protection you need to preserve what matters most.
Allianz Nigeria, a leading provider of insurance and financial services, is delighted to announce the relocation of its Ibadan branch to a more central and convenient location, effective June 2023.
The new office is now located at FD Mall, 13B University Crescent Beside Foodco Old Bodija, Ibadan, Nigeria.
The decision to relocate the Ibadan branch underscores Allianz Nigeria’s commitment to providing exceptional services and improved accessibility to its valued customers.
The new office at FD Mall offers a central location, ensuring increased convenience and a seamless experience for all clients.
“We are thrilled about the relocation of our Ibadan branch to FD Mall and the opportunities it brings,” said Mr. Abayomi Onifade, CEO of Allianz Nigeria. “The new location strategically positions us at the heart of Ibadan, enabling us to better serve our clients and strengthen our presence in the local market.”
Allianz Nigeria assures its valued customers that despite the relocation, its commitment to delivering high-quality insurance products, services, and support remains unwavering.
All contact numbers, email addresses, and communication channels remain unchanged, ensuring uninterrupted access to Allianz Nigeria’s comprehensive range of insurance solutions.
Allianz Nigeria would like to express its sincere gratitude to its customers for their continued trust and partnership.
The company is committed to going above and beyond to meet their insurance needs and provide them with peace of mind.
About Allianz Nigeria
Allianz Nigeria is a leading provider of insurance and financial services in Nigeria. With a strong focus on customer satisfaction and innovation, Allianz Nigeria offers a wide range of insurance products tailored to meet the diverse needs of individuals and businesses. With a dedicated team of professionals, Allianz Nigeria is committed to providing reliable, comprehensive, and personalized insurance solutions.
The National Insurance Commission (NAICOM) has taken public awareness of third-party motor insurance to Itan Central Park at Uyo, Akwa Ibom State.
Mr. Rasaaq Salami, Deputy Director, Corporate Communication & Market Development, represented the Commissioner for Insurance at the event, which was attended by a large number of commercial drivers in the State.
President Bola Tinubu (GCFR) with members of Nigeria LNG Limited’s Board of Directors after a visit to the President at the State House…recently.
The Board of Directors and Management of Nigeria LNG Limited paid a courtesy visit to the President of the Federal Republic of Nigeria, His Excellency, President Bola Ahmed Tinubu, at the Presidential Villa in Abuja.
During the visit, Chairman, NLNG Board, HRM King Edmund Daukoru, CON, expressed profound gratitude to President Tinubu for his unwavering support in bolstering Nigeria’s position in the global energy landscape. He acknowledged the crucial role NLNG has played in Nigeria’s economy, noting the need for government support in resolving some challenges the Company is presently facing.
Speaking at the visit, the MD/CEO of Nigeria LNG Limited, Dr. Philip Mshelbila, stated that since inception, NLNG has contributed enormous revenue to the government through dividends and taxes, noting that the FIRS declared the Company as the largest tax-paying Company in 2022.
Mshelbila also emphasised that NLNG’s Domestic LPG (DLPG) Scheme has guaranteed LPG supply, availability, and affordability and has also stimulated the development of different parts of the DLPG value chain in Nigeria, with 100% of produced LPG volumes from NLNG dedicated to the domestic market, supplying about 40% of Nigeria’s domestic LPG demand.
He stressed that challenges around pipeline vandalisation have constrained NLNG’s production with consequent loss of revenue to the government. Besides, multiple taxation from various government agencies and the Finance Act, which is being amended yearly, distorts corporate planning and puts business on the back foot, stifling investor confidence and investment opportunities in the sector.
President Tinubu, in his response, thanked NLNG for the visit and commended NLNG for its steadfast commitment to excellence and immense contributions to the GDP, acknowledging the critical role the Company plays in Nigeria’s economy.
Tinubu affirmed the importance of Gas not just as a transition fuel but also as the fuel for the future, assuring that the Gas Sector would get priority attention in this administration. He assured the Board that all encumbrances to the progress and development of Nigeria’s industrial citizens as well as any further impediment to the business practice in the oil and gas sector would be swiftly removed.
President Tinubu emphasised that for the oil and gas industry to thrive, all stakeholders in the value chain, especially the host communities, need to be engaged and carried along to enable the government to build confidence and trust.
He urged the Board and Management of NLNG to continue to collaborate with the government to ensure that issues can be resolved quickly and efficiently while reiterating his administration’s commitment to ensuring that businesses thrive to generate economic prosperity and sustainable development.
L-R: Oluseun O. Ajayi, Chairman, Sovereign Trust Insurance Plc; Segun Bankole, DGM, Corporate Communications & Investor Relations, STI Plc; Abimbola Oguntunde, Director, STI Plc and Olaotan Soyinka, MD/CEO, Sovereign Trust Insurance Plc during the burial ceremony of Pa. Basil Omolola Bankole, a.k.a, Baba Soja, in Abeokuta, Ogun State.
A coalition of seasoned and respected Public Relations (PR) professionals representing a diverse spectrum of industries have come together to endorse Nkechi Ali-Balogun (NAB) as the quintessential candidate for the position of National President of the Nigerian Institute of Public Relations (NIPR).
With a collective vision for the future of PR in Nigeria, this alliance firmly believes in Nkechi Ali-Balogun’s transformative leadership and her capacity to drive positive change within the industry, especially as the first woman in Nigeria in the running to lead the umbrella body for PR professionals in Nigeria.
Having held the esteemed position of leading the Lagos State Chapter of the Nigerian Institute of Public Relations, Nkechi has demonstrated her unwavering commitment to advancing the field.
The alliance, which comprises leaders who have shaped the PR landscape through innovation and excellence, recognises Nkechi Ali-Balogun as a visionary leader with a deep understanding of the profession’s challenges and opportunities. Her track record of accomplishments, strategic insights, and commitment to raising the standards of PR has earned her the unwavering support of this influential coalition.
NAB is a multi-talented luminary within Africa’s PR industry, boasting a wealth of experience spanning more than two decades across diverse facets of the Public Relations and Training Consultancy landscape.
Commenting on behalf of the alliance, Odion Aleobua, the convener of the group, stated, “At this critical juncture in our industry’s development, we need a leader who not only understands the evolving dynamics of communication but is also dedicated to fostering collaboration, growth, and ethical standards in PR practice.”
Her profound understanding of client and service perspectives and adeptness at delivering innovative solutions to managerial challenges has solidified her reputation as a trusted expert. Nkechi’s journey has led her to the helm of NECCI Consulting, where she serves as the Principal Consultant and CEO.
“Nkechi Ali-Balogun’s demonstrated passion for PR, her emphasis on continuous learning, and her inclusive approach make her the ideal candidate to lead NIPR into a new era of excellence,” said Israel Jaiye Opayemi, President, Public Relations Consultants Association of Nigeria (PRCAN).
The alliance emphasizes Nkechi Ali-Balogun’s ability to bridge the gap between traditional and digital PR practices, ensuring that the profession remains relevant and effective in an ever-changing media landscape. Her commitment to nurturing emerging talents and her dedication to creating a more connected PR community align seamlessly with the coalition’s values.
“Nkechi Ali-Balogun’s leadership is a testament to her ability to inspire, innovate, and steer PR professionals toward achieving impactful results,” Rasheed Bolarinwa, President of the Association of Corporate Affairs Managers of Banks in Nigeria (ACAMB), said.
Also commenting, Tolulope Olorundero, Founder and Chairperson of Nigerian Women in Public Relations, stated that “NAB’s vision for NIPR resonates with our collective aspirations for a stronger, more influential PR industry.”
Guided by a transformative mindset, Nkechi excels in converting obstacles into avenues of growth, drawing from her own experiences to provide insights and strategies that resonate. Her creative intuition and strategic acumen set her apart, contributing to her triumphant trajectory as a mentor, motivational speaker, and catalyst for industry evolution.
More About Nkechi Ali-Balogun
Essential Qualifications that Define Nkechi Ali-Balogun’s Remarkable Journey:
Nkechi Ali-Balogun’s story is of relentless dedication, constant growth, and the pursuit of excellence.
As a visionary leader, she has elevated herself and become a beacon of inspiration and transformation for the entire industry. Her journey is a testament to the power of expertise, innovation, and the unyielding pursuit of greatness.
About the Alliance:
The Alliance of Frontline PR Professionals is a coalition of esteemed PR leaders who have joined forces to support and endorse Nkechi Ali-Balogun’s candidacy for National President of the Nigerian Institute of Public Relations (NIPR).
The alliance comprises professionals from various industries who share a joint commitment to advancing the PR field in Nigeria.
Their endorsement reflects their confidence in Nkechi Ali-Balogun’s ability to lead NIPR into a future of growth, innovation, and collaboration.
They include:
Odion Aleobua – Convener & CEO, Modion Communications
Israel Jaiye Opayemi- Founder, Chain Reactions Africa
Rasheed Bolarinwa – President, ACAMB
Tolulope Olorundero – Founder, Nigerian Women in Public Relations
John Ehiguese, Group CEO, Mediacraft Associates
Nn’emeka Maduegbuna – Chairman – C&F Porter Novelli
Adetokunbo Modupe, Founder, TPT International
Nikiru Olumide-Ojo – Executive Head of Africa Regions Corporate Communications Marketing & Corporate Social Impact at Standard Bank Group
Tokunboh George-Taylor – Managing Director of Hill+Knowlton Strategies Nigeria
Adekunle Ayeni – Founder/CEO of BHM
Chuddy Oduenyi – Managing Director, Compact Communications
Adedayo Ojo – Founder, Caritas communication
Bolaji Abimbola – MD, Integrated Indigo
Hassan Abdul – Founder Media Range
Chido Nwakama – Chief Executive, Brandhaus Communications
Ken Egbas – Founder, TruCSR
Abudul Imoyo – Head of Public Relations at Access Bank Holdings
Jide Sipe – Head of Marketing and Corporate Communication at Ecobank Nigeria
Temitope Akande – Head, Corporate Affairs PR, Lagos State Signage and Advertisement Agency
Kunle Odusola-Stevenson, Founder, Legend & Legacy
Mr Lanre Alabi. MD, Prosper Strategies
Babajide Benson – ED, Cast Communications Advisory
In a remarkable achievement that shines a spotlight on extraordinary talent and perseverance, young Nigerian prodigy, Kanyeyachukwu Tagbo-Okeke has once again brought honor to his homeland, this time in the bustling heart of Times Square, New York.
At the tender age of 13, Kanyeyachukwu has achieved a milestone that cements Nigeria’s presence in the global art scene – he is now the youngest recipient of the esteemed Atims Top 60 Art Masters Award.
Among the captivating artworks showcased in the center, Kanyeyachukwu’s distinctive talent in abstract painting has earned him the endearing title of “the young Picasso of Nigeria.” This moniker is a testament to his exceptional finesse and expertise that are showcased in his artwork.
What makes Kanye’s journey even more poignant is his remarkable triumph over adversity. Living with autism, he has garnered widespread acclaim for his exceptional artistic creations, which grace galleries across the world – from Canada and the United States to airports and his home country of Nigeria.
Kanye’s creative talents began to manifest at an early age. He is a student at Aduvie International School and receives additional support from the Zeebah Foundation Autism Center and Olg Autism Center.
Hailing from the town of Amichi in Nnewi South, Anambra, Kanye is the beloved son of Silvia and Tagbo Okeke. His inspiring story serves as a beacon of hope and inspiration for aspiring artists and individuals facing similar challenges.
This achievement not only celebrates Kanyeyachukwu Tagbo-Okeke’s remarkable artistic talents but also highlights the importance of embracing diversity and inclusion in the world of art.
The ATIMS Awards is a prestigious recognition in the field of art, celebrating exceptional talents from around the world.
The Top 60 Art Masters Award acknowledges artists whose work demonstrates outstanding creativity and skill, contributing to the global art landscape.
L-R: Dr. Mrs. Olayinka Komolafe, Secretary to the Agency, NASENI; Dr. Bashir Gwandu, Executive Vice Chairman/CEO, National Agency for Science and Engineering Infrastructure (NASENI); Engr. Abdullahi A. Sule, Executive Governor of Nasarawa State and Mrs. Nonyem Onyechi, Cordinating Director, Planning and Business Development, NASENI when the governor paid a working visit to the Agency’s headquarters, Abuja on Friday 18th August, 2023.
The Nasarawa State government and the National Agency for Science and Engineering Infrastructure (NASENI) are set to partner on a lithium processing policy that would ensure that Lithium mined in the State is processed locally instead of exporting it raw.
The processing policy is in line with NASENI’s drive to encourage the processing of Strategic Solid Minerals and particularly to ensure that batteries are produced locally for both electric vehicles as well as other energy storage applications.
This was disclosed when the Executive Governor of Nasarawa State, Engr. Abdullahi A. Sule paid a courtesy visit to Dr. Bashir Gwandu, the Executive Vice Chairman and Chief Executive Officer of NASENI at the Agency’s headquarters in Abuja at the weekend. Nasarawa state is one of the states acknowledged to have potentially the largest deposits of lithium in Nigeria.
Recently NASENI has made headlines on its efforts to encourage investors and Nigerian lithium off-takers from around the world to come and partner with it to process various combinations of lithium into batteries locally. This will include lithium processing from mineral crushing and extraction all the way to final products that can be used both locally and also export to other countries.
Some companies from China have already started visiting NASENI as a response to the call. Dr. Gwandu disclosed that NASENI will partner with other government agencies such as Rural Electricity Agency (REA), Nigerian Geological Survey Agency (NGSA) and other investing institutions on this effort.
He said he was pleased that the Nasarawa state governor is coming to collaborate with NASENI in this regard. A number of companies have indicated interested in investing in Nasarawa state to process lithium in various quantities ranging from 1,000-3,000 tonnes per day. So far, almost 6,000 tonnes per day are projected to be processed daily in Nasarawa alone.
On his part, Governor Sule said the companies have already indicated interest to process the 6,000 tonnes per day in Nasarawa state, adding that other states such as Kebbi, Kwara, etc., might also attract such kind of companies and investments, and there is need for proper coordination, and for all hands to be on deck to ensure that Nigeria takes its place by being recognised as one of the largest lithium producers in the world.
The Governor added that there is something happening that is akin to Gold Rush which he termed ‘Lithium Rush” happening in his state and this is because lithium price in the world market has jumped from $6,000 per metric tonnes to $78,000 per metric tonnes. “Nasarawa state has a large quantum of Lithium and hence the need to have a better working synergy with NASENI for purposeful exploration, extraction and processing.”
According to Engr. Sule, NASENI is him, considering the number of projects that are adding value to the economy of his state, urging that the NASENI Solar in Gora may be used as lithium processing and battery production plant considering its proximity to the raw materials and also the proximity to the NASENI Solid Minerals institute which is also located in Nasarawa town in the same state.
While promising to give the Agency necessary support, he called for more collaborations with the State as it plans a second economic summit that would be tagged “Lithium Rush Summit”.
The EVC stated that during recent visit to Nasarawa he had encouraged the Institute to allow the use of its machines by the local communities and small companies for efficient utilization and capacity building and for economic development.
The governor who stated that he heard that the Agency was planning on building an airport, urged it to utilise the State’s cargo airport for evacuation of its products.
While responding further to His Excellency Governor Sule, Dr. Gwandu disclosed that NASENI does not have any plan to build an airport but is working on establishing an MRO/ARO as part of our efforts to develop capacity for both maintenance and eventual aircrafts parts production to service aerospace industry which is likely to be sited in Abuja in view of its location and electricity supply.
He promised that NASENI will actively participate in any conference by the State with regard to lithium. He said NASENI Institutes have industrial machineries and other equipment and workforce that were readily available to lead Nigeria to industrialise and achieve a diversified economy but doing this requires huge funds outlay to fulfil the Agency’s mandate.
He requested the governor to be one of the ambassadors of NASENI in NGF. He said NGF holds key to the release of NASENI’s held up funds.
Moreover, he said the governors support is key to enabling the Agency carry out its works in the areas of science, technology and innovation (STI), geared towards the industrial development at the States.
The President, Guild of Marine Surveyors, Wale Adetoro, says the second annual Ogadina memorial lecture with the theme, “Championing Professonalism & Competence in Effective Service Delivery” will hold on Thursday, August 24, 2023 at NERDC Conference Centre & Guest House, Agidingbi, lkeja.
He noted that Mrs. Yetunde Ilori, the Director General and Chief Executive Officer of the Nigerian insurers Association NIA), would be the Guest Speaker and the time is 11.00 to 1.00pm, adding that all executives of insurance companies and stakeholders in the maritime sector are invited to the memorial lecture.
Ogadina was a co-founder of the Guild and was the first elected President and he was also the Chairman/Chief Executive Officer, Seaguard lnternational Services until he passed on June 17, 2021 at the age of 57.
The maiden memorial lecture in his honour was held on June 17 2022 at Emma Unachukwu Hall, Yaba College of Technology with the theme, “Development in the Maritime, lnsurance & Surveying industries.
The Guest Lecturer then was Raphael Falokun, a former Director at the Industrial and General Insurance Limited.
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