Economy

By Uzair Adam

Hope has been reignited in the minds of women entrepreneurs as the Chidoka family, through the Nneka Chidoka Outreach Program, awarded N100,000 grants to ten female small business owners in honor of their late mother, Nneka Chidoka.

The Daily Reality reports that the grants were awarded on what would have been her 76th birthday, continuing her legacy of support for women and small businesses.

Osita Chidoka, former Minister of Aviation and Chancellor of the Athena Centre for Policy and Leadership, announced the initiative in a Facebook post on Friday, September 6.

He invited female entrepreneurs with small teams of 2 to 5 staff, operating home-based or small-shop businesses with a daily turnover of less than N100,000, to signify their interest.

“She would have been 76 years old today,” Osita wrote. “Are you a female entrepreneur? Do you have between 2 and 5 staff? Do you operate from your house or a small shop? Is your daily turnover less than 100k? Are you a Mekaria Mentorship Program Attaché? The first five women to respond and meet these criteria will receive a message from the Nneka Chidoka Outreach Program today.”

The response was overwhelming, with more than 50 women sharing their stories. Ten were selected based on the program’s criteria, receiving N100,000 each to support their businesses. One recipient, Nkechi Eze, a fashion designer, expressed her gratitude: “This support is a dream come true. It’s not just about the money; it’s about knowing someone believes in me and my business.”

The Nneka Chidoka Outreach Program, created in honor of Nneka Chidoka, who passed away in 2023 after a long battle with cancer, continues to promote her values of resilience, compassion, and community support. Led by her children, the foundation focuses on cancer awareness, screening, and treatment, as well as educational support for young people.

Since its inception, the program has screened over 2,000 women for cancer, provided free surgeries for more than 60 women, and supported over 1,000 individuals with various health interventions, including the distribution of corrective eyeglasses.

Additionally, during her memorial service, the program covered school fees for over 500 students in Obosi.

“Our mother’s life inspired us to be positive, considerate, and empathetic. The Outreach Program is a testament to her boundless strength and compassion,” said Osita Chidoka.

He also emphasized that the program is more than charity, reflecting his mother’s core values of community strength, education, and accessible healthcare.

In a similar act of generosity, the Chidoka family last year provided cash grants to over 100 petty traders in Obosi, Ozubulu, and Ohafia, fulfilling their mother’s wish to support female-owned businesses as a way to alleviate family poverty.

By Uzair Adam

Residents of the Federal Capital Territory (FCT) took to streets on Monday to protest against the persistent fuel crisis in Nigeria, calling for immediate government intervention.

The protesters demanded a reduction in petrol prices, which they claimed has caused significant hardship for many Nigerians.

They also called for the dismissal of the Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, citing his tenure as ineffective in resolving the fuel scarcity.

The protest follows a statement from the NNPCL highlighting that its substantial debt to suppliers is jeopardizing the sustainability of fuel supplies.

Carrying banners with messages such as “We are tired of fuel scarcity and stories on why refineries are not working,” and “No direction under Kyari,” the protesters expressed their frustration over the lack of progress in addressing the crisis.

The demonstration ended at Unity Fountain, where Aminu Abbas, the Convener of the Coalition of Concerned Civil Society Organisations, voiced his concerns about the ongoing fuel scarcity in a nation rich in oil resources.

He urged President Ahmed Bola Tinubu and other leaders to act swiftly to alleviate the situation, stating, “The time to act is now. Show us that you stand with the people, not those who profit from our misery. Mr. Kyari must be shown the way out, and the NNPCL must be reformed to serve the interests of all Nigerians. We will not be silenced.”

By Uzair Adam

The Nigeria Immigration Service (NIS) has provided reasons for the recent increase in international passport fees, citing the need to enhance the quality of the passports, ensure faster processing, and improve accessibility.

During a sensitization event in Yola, Adamawa State, on Monday, NIS Comptroller Mr. Ibrahim Mohammed explained that starting from September 1, applicants within Nigeria will be required to pay ₦50,000 for a 32-page passport booklet with a five-year validity period.

This marks an increase from the previous fee of ₦35,000. The fee for a 64-page passport booklet, valid for ten years, will rise to ₦100,000, up from ₦70,000.Mr.

Mohammed clarified that the fee hike will not affect applicants living abroad. He emphasized that the new passports feature enhanced durability and quality, meeting international standards.

The inclusion of fingerprints in the new design makes it more secure and difficult to counterfeit compared to the previous version.He urged prospective applicants to apply online or visit NIS offices directly, cautioning against the use of intermediaries to avoid scams.

He also called on religious leaders to educate their followers on the changes and noted that those who apply before the September 1 deadline would still be charged the old rates.

The NIS is extending its awareness campaign to local government areas, beginning with Mubi, and has also taken the sensitization efforts to motor parks and major streets in the state capital.

Representatives from the Christian Association of Nigeria (CAN) and the Muslim Council in Adamawa, Mr. Joel Manzo and Alhaji Aliyu Iya, respectively, expressed their gratitude to the NIS for the enlightenment and pledged to relay the information to their communities.

By Anwar Usman

The British High Commissioner to Nigeria, Dr Richard Montgomery, has revealed that the United Kingdom government has so far given not less than 430,000 visas to Nigerians seeking to study and relocate to the European nation in 2024.

Montgomery disclosed this in a meeting with the Chairman of the Nigerians in Diaspora Commission, Abike Dabiri-Erewa, in Abuja on Wednesday.

He also assured the Federal Government that they would provide adequate security measures in place for Nigerians in the UK.

He noted that the UK remains a safe place despite the ongoing unrest, which highlighted the country’s diverse population.

He further added that 60 special courts have been set up to “tackle criminal activities related to the unrest”.

Also speaking on security, Montgomery further stated that 400 people have been apprehended in connection with the violence, with the government actively pursuing justice against those inciting unrest through hatred and misinformation online.

On her part, Dabiri-Erewa confirmed that no Nigerian casualties have been reported so far in the UK uproar.

She said NIDCOM “is in touch with the Nigerian High Commission in London and other diaspora groups, none of which have reported any incidents involving Nigerian nationals”.

She praises the UK government for its swift actions, especially the arrests, advising Nigerians to remain safe and vigilant and adhere strictly to the travel advisories issued by Nigeria’s Ministry of Foreign Affairs.

By Abdullahi Mukhtar Algasgaini

The Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has declared that he will reveal the truth about the company’s operations when the time is right.

Kyari made this assertion on Wednesday while testifying before a Senate ad-hoc committee investigating alleged economic sabotage in the petroleum industry.

Led by Senator Opeyemi Bamidele, the committee is probing the oil firm’s activities amidst controversy and public scrutiny.

Kyari denied any involvement in the importation of sub-standard products, stating that NNPCL is committed to transparency and honesty.

The CEO expressed frustration over unfair media attacks, which he believes are aimed at tarnishing the company’s reputation and creating the impression of economic sabotage.

“We are not criminals, we are not thieves,” Kyari said. “We will protect our dignity so we can serve this country.”

Kyari also revealed that the oil and gas industry is bleeding, hinting at undisclosed issues which “they” knew that cannot be made public “until the time comes.”

By Uzair Adam Imam

The Nigerian National Petroleum Company Limited (NNPC) has announced plans to hire new staff.

A statement by NNPC spokesperson, Olufemi Soneye, confirmed the development on Friday.

The recruitment will be for various positions across various departments within the energy company.

Interested applicants have been directed to visit the NNPC careers page for application instructions.

“NNPC Ltd is pleased to announce that we are currently hiring for multiple positions across various departments.

“We are seeking talented and dedicated individuals to join our team. Visit our careers page for application instructions,” the statement read.

However, due to unprecedented traffic to the NNPC Ltd career page from applicants applying for vacancies, the site is currently experiencing slow load times.

The company has assured that its technical team is working to resolve the issue.

Despite the technical challenge, the application process deadline remains August 20, 2024.

By Uzair Adam Imam

The Kano State Public Complaint and Anticorruption Commission (PCACC) has summoned dealers of flour at Singer market and the chairman, Association of Master Bakers & Caterers of Nigeria, over the hike in the price of bread.

The Daily Reality reports that the commission received a series of complaints from the public regarding the current bread price despite the stable price of flour in the market.

In a letter signed by the commission Chairman, Barrister Muhuyi Magaji Rimingado, the commission invoked its powers under Section 9 and 15 of the Kano State Public Complaint and Anticorruption Commission Law 2008 (as amended) to investigate the matter.

The commission has also invited the flour dealers and the chairman and executive members of the Association of Master Baker’s & Caterers of Nigeria to hear their side of the story, in accordance with Section 31 of the commission’s enabling law 2008 (as amended).

By Saifullahi Attahir Wurno

” …. In the next 25 years, Jigawa state should be the preferred investment destination in Nigeria”.  – Sule Lamido

On June 4, 2024, the Jigawa State Investment Agency, with the collaboration of other key economic sectors, convened a summit to raise awareness on how to facilitate easy access to small credits and attract foreign investment.

Many dignitaries across the state gracefully attended the summit, including various agencies concerned with investment in the state and the private sectors involved in providing job opportunities for our army of unemployed youths.

Summits like these were crucial to highlight key areas that urgently need investment in Jigawa state. These investments would serve as catalysts for job creation, improve economic indices, and attract more internally generated revenue (IGR) for the state.

I was delighted by a speech by Mal Audu Ahmadu from CBN, who highlighted the role played by commercial banks in hindering small enterprises’ access to loans because of their high interest rates, which amount to over 30 per cent instead of the more tolerable 25 per cent or less.

Commercial banks created other bureaucratic formalities that prevented local investors from getting easy loans. They required collateral assets to be presented, sometimes demanding that they be in the nation’s capital, Abuja, or other unreachable locations.

Although many banks were invited, the commercial bank Zenith Limited required special mention not only for being the only bank honouring the invitation but also for analysing its activities over the years in Jigawa state aimed at improving the standard of living of ordinary people in the state. The bank formulated a specially designed program called Z-Women to give medium-term credit to women interested in domestic marketing.

Other key dignitaries in the summit who were among the frontiers as local investors include Dr Sambo of Sambo Hospital Limited, Dr Yamuna Kani of Albarka Hospital Limited, Mallam Umar Babayaro of Limawa Table Waters, and Mallam Hassan Hashim from Hasina Confectionery Limited.

Another key guest was Mallam Aminu Bizi, CEO of the renowned Bizi Mobile Cashless Consultancy Limited. He was instrumental in providing millions of jobs in the technology sector across many States in Northern Nigeria through mobilisation, marketing, and public awareness of POS services during the early CBN introduction of the cashless policy.

Aminu Bizi other ventures include; Bizipay Fintech Account, NASIA health insurance, Jigawa JICHMA health insurance, and Jigawa Palliative shops. All these were his endeavours to provide jobs for unemployed youths in the state through partnerships with the state government.

Jigawa state was in dire need of investment, and the unfortunate low profile caused the poor turnout of foreign investors. However, with the appointment of the current Director General of the Agency, Hajiya Fureira Jumare, many positive strides were made to attract potential investors to the state.

For the benefit of outsiders, Jigawa state is one of the most peaceful states in the country, with political stability that would protect capital venture investments. The state has a population of over 6.5 million people, which is a readily available market for any investment and cheap labour for manufacturing.

In 2018, the World Bank ranked Jigawa state second among states with ease of doing business. The state has a rainfed land of over 1.9 million hectares, of which 400,000 is Fadama readily for rice farming. The state is mainly Agrarian, with vast land that fruitfully yields Sesame, grains, Hibiscus, tomatoes, and Onions. Jigawa is blessed with about four major markets that have an extensive network linking the state to others and international markets like Niger and Cameroon. The market include; Sara, Gujungu, Maigatari, and Hadejia.

Jigawa state has over 22,000 square kilometres of land, over 3000 km of road network, and a state-of-the-art International Airport. The current and previous administrations have led the way in bolstering the state’s economic indices and attracting foreign investors.

InvestJigawa was founded in 2013 after the first economic investment summit under Governor Sule Lamido (the father of modern Jigawa). Seven years later, with the appointment of the current DG, she strives to create a commendable five-year strategic plan (2021-2026) for the InvestJigawa journey. 

The roadmap would constitute a public-private partnership (PPP) and comprehensive development framework (CDF) to revive key employment avenues like MSMEs, tourism, solid minerals mining, renewable solar energies, and the already established Agriculture.

Jigawa state aims to attract at least 1 billion USD and create 2500 jobs by the end of 2030. This is thanks to other investments made during previous administrations, such as the Kila Cassava processing plant, Hadejia rice mills, Gagarawa Sugarcane plants, Gagarawa Industrial Park, and Dutse Ceramic Processing Company.

Saifullahi Attahir Wurno wrote from Dutse. He can be reached via saifullahiattahir93@gmail.com.

 By Abdullahi Mukhtar Algasgaini 

President Bola Tinubu inaugurated the Presidential Committee on Implementation of Livestock Reforms on Tuesday in Abuja to address obstacles to agricultural productivity and open up new opportunities that benefit farmers, herders, processors, and distributors in the livestock-farming value chain.  

The President appointed the former Chairman of the Independent National Electoral Commission (INEC), Professor Attahiru Jega, as Co-Chairman of the Committee. 

President Tinubu stated that the implementation of the reforms will require the collective efforts of members of the committee, drawn from the public and private sectors, state governors, and all Nigerians. 

“From here, I will appeal to everyone to remove every iota of partisan politics from this. I will assume the chairmanship of the committee as President and appoint Professor Attahiru Jega as my deputy or co-chair. 

“This is not about politics; this is about opportunity. This is about our nation. While I may be absent, Jega will preside and continue to promote our objectives,’’ the President said. 

Inaugurating the committee in the Council Chamber at the State House, the President thanked the National Chairman of the All Progressives Congress (APC), Dr. Abdullahi Ganduje, for his efforts in assembling experienced and reputable experts to ensure the activation of opportunities in the livestock sector, stating that a Ministry of Livestock Development will be created to further explore the potential in the area. 

“When we have great opportunities in our states, why should Nigerians continue to experience conflicts? 

“With the calibre of people that are here, this presents a unique opportunity also to delineate and establish a centric ministry called the Ministry of Livestock Development. It will give us the opportunity so that our veterinary doctors can haveIt will give us the opportunity so that our veterinary doctors can have the necessary access to research and cross-breed. We can stop the wanton killings,’’ President Tinubu stated. 

The President noted that the traditional method of livestock farming will need to be reviewed and repositioned with the support of stakeholders, which include state governments, in order to open up new opportunities for growth and prosperity.  

He said the Attorney-General of the Federation and Minister of Justice, Mr. Lateef Fagbemi (SAN), will ensure the removal of all legal obstacles to the implementation of the reforms, while the Minister of Communication, Innovation and Digital Economy, Dr. Bosun Tijani, will provide support with automation.  

“Modern technology is available to us. We are ready to work. I said at the beginning, with you, all of you, the solution is here, and we must run with it. Any law that might inhibit the promotion and actualization of our objectives, the Attorney-General is here, please give it a priority; and the Minister of Budget and Economic Planning is here; create a budget for it to grow, and the Minister of Finance is here as well to work out the money,’’ the President stated. 

The president also said the reforms will be comprehensive and collective, urging the support of all stakeholders.  

“We need to provide the incentive to enable Nigeria to finally take advantage of livestock farming; dairy products and cold-chain logistics collectively offer substantial commercial and economic advantages. We have seen solutions and opportunities. With these adversities that have plagued us over the years, I believe that prosperity is here – in your hands. 

“The dairy industry contributes significantly to nutrition and food security by supplying essential proteins and vitamins, through milk and its derivatives, such as cheese, yoghurt, and butter. Efficient cold-chain logistics is crucial in maintaining the quality and safety of these perishable goods from farms to markets, thereby reducing food waste and ensuring a steady supply. 

“This sector will boost agricultural productivity, enhance export opportunities and stimulate economic growth by fostering a robust value chain that benefits farmers, processors, herders, distributors, and consumers alike,’’ the President said. 

President Tinubu thanked the APC National Chairman for his initiative and leadership of the committee.  

“Let me thank the former Governor of Kano State and the National Chairman of the All Progressives Congress, Dr. Abdullahi Ganduje, for assembling the best minds and experts to find solutions by convening the National Conference on Livestock Reforms and Mitigation of Associated Conflicts in Nigeria in February last year,” the president said. 

In his remarks, the former chairman of the committee thanked the president for taking further action, following the submission of a report on livestock reforms on September 28, 2023.

By Abdullahi Mukhtar Algasgain

The former Governor of Kaduna State, Malam Nasir El-Rufa’i, has filed a defamation lawsuit against the Kaduna State Assembly. The lawsuit was presented today, Wednesday, at the Federal High Court in Kaduna.

El-Rufai is demanding a public apology from the lawmakers for a report they published, which he claims defamed him and his cabinet. The State Assembly’s report alleged that the former governor misappropriated over ₦423 billion during his tenure.

El-Rufai’s legal team argues that the report is both false and malicious, designed to tarnish his reputation and discredit his administration’s achievements. They assert that the allegations have caused significant harm to his personal and professional standing.

The former governor, noted for his developmental policies and efforts to improve infrastructure and education in Kaduna State, has consistently defended his administration’s transparency and commitment to public service. He maintains that the Assembly’s allegations are politically motivated and lack any substantive evidence.

The legal proceedings have drawn significant attention, with many awaiting the court’s decision on the matter. The outcome of this case could have substantial implications for El-Rufai’s political future and the current political landscape in Kaduna State.