The Northern Leaders, Livestock and Perishable Goods Market, and Miyetti Allah Cattle Breeders’ Association of Nigeria, MACBAN, Enugu State section, has reported a two-day conclusion of animals and transient merchandise showcases in the State.
With this impact, they won’t be open for business on Wednesday and Thursday one week from now.
This was declared at a press instructions together tended to by their pioneers in Enugu, on Saturday.
this is following the ongoing security challenges in Enugu State,
Instructions newsmen after the gathering, the pioneers of the gatherings said the choice was to empower them set out on “refinement voyage through all animals and transient products markets and each fulani settlement in Enugu State between Wednesday, August 14 and Thursday, August 15, 2019”.
They clarified that “during the refinement practice all animals and short-lived merchandise market will be shut down, either in dairy cattle markets, Fulani settlements, or any place they exist all through Enugu State”, including that they have comprised a 14-man council for the program for the motivations behind distinguishing every one of their individuals and get rid of infiltrators.
The Northerners driven by the South East Chairman of MACBAN, Alhaji Gidado Siddiki and the Sarkin Hausawa, Enugu State, Alhaji Abukakar Yusuf Sambo, lamented the tragic episode that prompted the passing of Rev. Fr. Paul Offu of St. James The Greater Parish, Ugbawka in Nkanu East Local Government Area and urged his family and the individuals of the state in grieving with mettle.
They unveiled their responsibility towards the security of the state, saying: “In energy about the great signal, which Enugu State has reached out to us, we are set up to hold hands with the police, the military and other security offices in guaranteeing most extreme security in our neighborhood.”
The Northern chiefs, thusly, communicated their “significant thankfulness to Enugu State Government for the harmony that wins in the state which has helped us in our business” just as “the tranquil conjunction we have appreciated throughout the years”.
Ghana’s Aviation Minister, Joseph Kofi Adda says the nation is relied upon to dispatch its new carrier in two months.
Joseph Kofi Adda made this disclosure on Wednesday (August 7, 2019) at the Aviation Ministry’s mid-year execution meeting.
The priest said that the locally established transporter would associate different African urban areas with moderate airfares to make Ghana a sub-territorial center point. He added that Ghana’s journey to turn out to be West Africa’s aeronautics center point was on course.
As per him, the partners in the locally established bearer are going ahead board with aptitude, polished skill and well-grounded experience that will increase the value of the carrier and champion the course of financial development in Ghana.
He further saluted the area organizations for accomplishing Africa’s most astounding score in the ongoing ICAO review, with 89.89 percent.
“This should fill in as an inspiration to proceed with diligent work and exhibit an abnormal state of demonstrable skill,” Mr Adda said.
He included that the partners in the division should be inventive in pulling in organizations.
“It is just judicious that we as a division become imaginative in our method for doing government business to pull in the required capital for the development of the aeronautics business and to make the required employments for Ghanaians,” he said.
The gathering looks to in addition to other things address procedures on the most proficient method to completely use the advantages of having Ghana as host to the African Continental Free Trade Headquarters.
Mr. Kofi Adda said “this without a doubt has noteworthy effect to our flying center point motivation and the creation of Ghana as a goal of decision for all explorers.”
The managing director of the Asset Management Corporation of Nigeria Ahmed Kuru, issued a worrying statement that the chronic debtors that are behind the over N5trillion debt burden are ministers and members of the national assembly.
While speaking on Wednesday at the July 2019 edition of the Breakfast Meeting, organised by the Nigerian–American Chamber of Commerce (NACC), Ahmed Kuru said the corporation is making plans to produce a full-length television documentary of notorious debtors.
The AMCON MD said the idea was to document in a permanent format for generations yet unborn to know the so-called big men and women that are behind the over N5trillion debt burden, which AMCON is battling to recover.
The worrisome aspect of the issue, he said, unlike what happens in other clime is that these obligors still manipulate their way to emerge as members of the national assembly, ministers, chairmen and women of big organisations and pro-chancellors of universities.
“Sadly, these are the calibre of people we respect in Nigeria but these people are not role models. How can you be a role model when you cannot honour a simple obligation?” he said.
That is why I have been consistent in the call for the return of the failed bank act. The way we are handling the issue in the country suggests that we are encouraging a lot of financial rascalities.
“These are men and women who go to banks borrow monies with no intention to pay and in the process bring down banking institutions. It takes a lot for a bank to fail. AMCON just rescued Skye Bank with an investment of nearly N1 trillion.
“As AMCON, we have no power to arrest these ‘powerful’ people as we depend largely on judicial processes to recover and we all know the slow pace of judicial processes. We now want to go a step further by working with the ICPC and the EFCC, which will enable us to go investigate the credit processes.”
You can do more than collecting asset declaration forms from politicians Asiwaju Kola Akomolade, the Principal Partner, Kola Akomolade & Co, an estate surveying firm, advised the Code of Conduct Bureau (CCB)
Reacting to the over N48billion asset declared by Oyo State Governor Seyi Makinde, he hailed the governor for the gesture, but noted that it was the job of professionals to undertake such exercise.
‘’The issue the Nigeria Institution of Estate Surveyors & Valuers (NIESV) has with such asset declaration is that people who are not in asset valuation business usually declare their assets and state the value when they are not competent to do so under the law,’’ he said.
He said: “I believe the process of declaration of assets should be accompanied with valuation reports. The argument of my profession is that people we call lay-men declare their assets and put value on them; it is an illegality. We have recommended that the CCB should have in-house valuers or in the alternative, send assets declared to us to put a value to it. It is only then that it will be legal, but this has continued unchecked because people just come out to say, ‘l have a property with so much value without our input’.
“Our position is that if not checked, it will be open to abuse such that some people in anticipation of how they want to corruptly enrich themselves, can assign value to their properties because nobody verified it. Except there is a valuer’s input, the paper that CCB is collecting is a nullity. We have made that position clear before now dating back to over a decade.”
He urged the CCB to go beyond collecting asset declaration forms without verification, wondering if the authenticity of the titles to the properties were verified.
He told the CCB to ascertain if the property existed and ensured the actual value is established before collecting the paper.
According to him, somebody could anticipate what he would steal and submit such paper to the CCB.
NIESV has also suggested , if it suspected that an in-house valuer might be compromised, then CB can engage an external valuer.
The Management of Sovereign Trust Insurance Plc is offering Rights Issue of N4.17 billion ordinary shares of 0.50k each at 0.50k per share on the basis of one new ordinary share for every two ordinary shares of 0.50k each held as at the close of register on Tuesday, January 15, 2019 to existing shareholders on the floor of the Nigerian Stock Exchange.
This statement was signed by the Managing Director, Sovereign Trust Insurance Plc, Mr. Olaotan Soyinka, who urged all shareholders of the company to take advantage of the unique opportunity by maximally taking up their rights in the rights issue with a view to increasing their stake in the company and as well grow their wealth in the very near future as the company is poised to moving on to the next phase of its growth stage.
He said, the management has set a growth agenda which is aimed at positioning the underwriting firm as one of the top five in the insurance industry in Nigeria.
Mr. Olaotan Soyinka appealed to shareholders of the company that a very robust capital base is critical to the success of the set agenda; hence the need to call on shareholders to fully exercise their rights by subscribing fully to the rights issue and ultimately grow their investments in the company.
The company recorded a Gross Premium Written of N10.5billion representing a 23 per cent increase in 2018 over the N8.5 billion recorded in 2017. This leaves no one in doubt that the company is set for the path of profitability
About N50 billion will be required by the Nigerian Airspace Management Agency (NAMA) in the interim to fix inadequate and ageing airspace communication and ground-based equipment.
A source close to the agency hinted the huge sum, would be used to fix satellite and ground-based navigational equipment such as Very High-Frequency Radio (VHF Radio); Category Three Instrument Landing Systems; Distance Measuring Equipment and other critical air navigation infrastructure.
Besides fixing dilapidated space-based equipment, the agency is also expected to spend huge sums to provide secondary source of power – Solar panels -for its highly sophisticated ground-based en route navigation located at remote locations nationwide.
Aviation sources said that though the agency is self- sustaining, its budgetary provisions for capital projects cannot match the huge cost of its equipment profile.
Nigeria as a member is required to fix critical gaps in their air space infrastructure through a programme christened Aviation Systems Block Upgrade (ASBU). Member states of ICAO are obliged to comply with the ASBU to upgrade and modernize their air navigation infrastructure.
The severity of deficit in infrastructure experts say, are categorized into Block Zero, Block One and Block Two.
NAMA may have begun moves to deal with complaints by pilots over poor communication in the Nigerian airspace. which includes the completion of sectorization of the upper airspace otherwise known as Lagos Flight Information Region and the Kano Flight Information Region.
Some pilots recently asked NAMA to take urgent steps to address the communication challenges in the air space with a view to averting air accidents.
Chief Pilot of Med-View Airline, Captain Stephen Fevrier, said that pilots are flying in an unsafe airspace in the country owning to poor communication system.
According to him, when flying from Lagos to Abuja, pilots often lose contact with the Lagos control tower 200 miles into the airspace which should not be.
He said that the same situation occurs between Port Harcourt and Abuja, pointing out that even coming into Nigerian airspace from Jeddah, Saudi Arabia, pilots hardly communicate effectively with the control tower in Kano.
Also speaking, Arik Air Safety Manager, Captain Jide Bakare, said that the biggest issue that Nigerian pilots are currently grappling with is the problem of communication in the airspace.
Bakare said: “There are so many issues but communication is one of the biggest challenges that we face as pilots in Nigerian airspace.”
However, an official of the agency, who pleaded not to be named, said though there were challenges of communication in the airspace, foreign aircraft and airlines were not avoiding Nigerian air space.
He said that requests for more flight frequencies by some airlines including Emirates, Ethiopian Airlines do not align with reports that airlines are avoiding Nigeria.
He said no pilot or airline would embark on a suicidal mission to fly into any country’s airspace if her skies are not safe.
A few months ago, the Nigerian Air Traffic Controllers Association (NATCA) decried what it called the deplorable state of control towers at some airports.
It described the situation as a threat to safety of flights.
The body listed the airports with deplorable control towers to include Kaduna, Maiduguri, Ilorin, Yola, Sokoto, Benin and Katsina
Its President Abayomi Agoro said communication between air traffic controllers and pilots remains a huge challenge.
Besides the poor control towers, he said there was need to look into other challenges air traffic controllers grapple with, including the Abuja Airport Tower Elevator that dropped from its topmost floor to the ground, a sore point in the aviation industry.
Agoro said more worrisome is the threat to the health hazard to air traffic controllers, who go through the agony of climbing 232 flights of stairs daily.
The NATCA boss also spared a thought for the poor controller pilot Very High-Frequency Radio coverage of airspace. He said it is a far cry from the required international standards, but it was still work in progress for NAMA.
The Flight Crew Association of Nigeria (FCAN) Coordinator Captain Robert Roland urged stakeholders in the sector to address issues related to poor or non-existent communication
Most businesses in Nigeria spend N5trn annually to generate own power, Director General of the National Association of Commerce Industry Mines and Agriculture (NACCIMA), Ambassador Ayoola Olukanni has confirmed.
Ambassador Ayoola Olukanni said, the $14 billion which translates to a whooping N5trillion is expended on generators, maintenance and fueling by private businesses.
“We spend about $14 billion annually on generators, maintenance and fueling in other to keep our business afloat,” he said.
Such humongous cost, is a big drain on resources and may be responsible for the dwindling fortunes of most businesses.
“Generally, the business environment in the country in the past 12 months was certainly not palatable, but things can be better. We have not gotten to where we are supposed to be, though we are heading towards where we can just say that things can be better. We need to look at alternative source of power, such as cost of purchase, maintenance and fueling of generating sets in the country for the purpose of electricity both for manufacturing and general consumption.”
Olukanni said the cost expended on power generation was unbearable. and urged the federal government to address the power situation squarely,
“If such amount is being dedicated to boosting business in the country and if the government gets the power situation right, then businesses would boom and we will become more competitive, especially now that we have signed the African Continetal Free Trade Agreement (AfTA).
“Common knowledge shows that cost of power generation by individuals is outrageous. If you look at the number of generators owned by business outfits in the country, you will understand why most businesses are closing shop. Regrettably, the worst hit is the MSMEs. This problem is experienced in respective sectors where they operate,” he reiterated.
He further said, “The heart of the issue still remains the question of the power sector. Things have gone from bad to worse, so business owners still have to rely on providing their own power to do business.
This is not a good way to absolutely grow an economy, we have to find a way to sort this problem out and I sincerely hope that as part of the initiative for the current administration of Mr. President would be to address the power outage in other to enhance the competitiveness of the Nigerian business man.
To execute top priorities like power is necessary, because business cannot thrive with the present power situation.”