Feature/OPED
Niger Delta Region, NDDC and Sustainable Development
By Jerome-Mario Utomi
Reports have it that at Harvard Business School, United States of America (USA), the code of belief about entrepreneurship is simply this: it can be taught, and it can be learned.
Entrepreneurship is, to use HBS’s quasi-official definition, “the pursuit of opportunity without regard to resources currently controlled.”
It is not so much a set of skills as it is a process, a belief, and a commitment. It is a mode of thinking and acting – a war of observing the world, of figuring out how to change it (hopefully for the better), and, perhaps most importantly, of becoming the person who is capable of implementing the change.
Likewise, there is a veiled agreement among critical stakeholders that one of the outstanding boards in present-day Nigeria is visibly capped with skills, belief, commitment, mode of thinking and in vigorous pursuit of opportunities to sustainably remove obstacles on the part of its targeted beneficiaries without regard to resources currently controlled, is the Barrister Chiedu Ebie-led governing board and management of the Niger Delta Development Commission (NDDC), a federal government agency created in the year 2000 by enabling Act, to offer a lasting solution to the socio-economic difficulties of the Niger Delta region and to facilitate the rapid and sustainable development of the Niger Delta into a region that is economically prosperous, socially stable, ecologically regenerative and politically peaceful.
Adding context to the discourse, ever since crude oil was discovered in the region more than 50 years ago, the people of the region could not have imagined that they would bear the brunt of the country’s main source of revenue. The people must have expected that the exploitation of the rich natural resources they have in their environment would have brought them development and prosperity. But alas, it has been a very painful experience for the people of the region.
Essentially, it is not as if past administrations in the country did not, at different times and places make efforts to address the region’s challenges. But noble as those efforts were, considering the level of underdevelopment in the region, such effort appeared too insignificant and short of what is required to care for the region’s development and more particularly, remains a far cry from what was needed to exorcise the ghost of youth unemployment in the region.
This ugly narrative persisted in the face of concerns raised by the global community who were chiefly not convinced that what now rested administrations were doing was the best way to solve the problem of the region.
Understandably, there is some truth in those concerns as expressed just as there is presently, a silver lining on the horizon. What we have today is the exact opposite! Niger Deltans of goodwill are equally of the view that what the region is experiencing this time around may no longer be the second half of a recurring circle, but rather the beginning of something new and different.
Aside from the fact that the new governing board and management have to their credit, a well-established healthy relationship with critical stakeholders within the region and beyond is also worth underlining and of course, a lesson other agencies and Commissions must imbibe is the frantic efforts to put the Niger Delta region in order via youth empowerment, human capital development and democratized infrastructural provisions.
A delectable account further indicates that the policy thrust and programmes coming from the new governing board and management of the agency amply qualify as development-based. This particular point partially explains why this piece is interested in the ongoing developmental strides in the region.
Prominent among these projects, programmes and initiatives include, namely; Building Partnerships, Lighting Up the Niger Delta region, Sustainable Livelihood, Improved Youth Capacity and Skills Base, Efficient and cost-effective projects, Project Hope for Renewed Hope, Carbon Emission Reduction, Stakeholder Engagement, Effective and Professional Workforce, Improved Peace and Security among others.
From what development professionals are saying, a programme is said to be development-based, when such a programme entails an all-encompassing improvement, a process that builds on itself and involves both individuals and social change. It requires growth and structural change, with some measures of distributive equity, modernization in social and cultural attitudes, a degree of political transformation and stability, an improvement in health and education so that population growth stabilizes, and an increase in urban living and employment.
Viewed broadly, it is public knowledge that throughout the early decades, the world paid little attention to what constitutes sustainable development. Such conversation, however, gained global prominence via the United Nations introduction, adoption and pursuit of the Millennium Development Goals (MDGs) which lasted between the years 2000 and 2015. It was among other intentions aimed at eradicating extreme poverty and hunger as well as achieving universal primary education, promoting gender equality, reducing child mortality, and improving maternal health, among others.
Without going into specific concepts or approaches contained in the performance index of the programme, it is factually supported that the majority of the countries including Nigeria performed below average. And, it was this reality and other related concerns that conjoined to bring about the 2030 sustainable agenda- a United Nations initiative and successor programme to the Millennium Development Goals (MDGs)- with a collection of 17 global goals formulated among other aims to promote and cater for people, peace, planet, and poverty. And has at its centre; partnership and collaboration, ecosystem thinking, co-creation and alignment of various intervention efforts by the public and private sectors and civil societies.
Very remarkable is that all the NDDC’s projects/programmes were crafted in line with the above initiatives.
If in doubt, check out the agency’s scheme known as Holistic Opportunities, Projects and Engagement, (HOPE); It is primed to provide a platform to empower youths of the region on a sustainable basis, designed to create a comprehensive resources database of the youth population of the Niger Delta region to enable NDDC see clearly what the youths want in their strive for sustainability in conformity with international best practices and development.
The project HOPE’ initiative is positioned to create youth employment opportunities, especially in agriculture through support to small-holder farmers to ensure operational growth while shifting from traditional to mechanized farming methods. ‘’Because of the arable wetlands, rainfalls and other favourable ecological factors to plant various crops and vegetables at least four times within a farming season, the agency is proactively moving away from the oil economy to the agricultural sector which can accommodate our youths in large numbers is the agricultural sector.”
For me, NDDC’s solutions to youth unemployment and the development of a climate for a sustainable future and innovation will assist in promoting the critical thrust of governance and maximize the benefits citizens derive from governance.
For example, talking about youth unemployment in Nigeria, a report recently puts it this way: “We are in a dire state of strait because unemployment has diverse implications. Security-wise, a large unemployed youth population is a threat to the security of the few that are employed. Any transformation agenda that does not have job creation at the centre of its programme will take us nowhere”.
As we know, youth challenge cuts across, regions, religions, and tribes, and has in the past led to the proliferation of ethnic militia as well as youth restiveness across the country.
What the above information tells us as a nation is that the ongoing creative and transformative leadership at NDDC calls for collective support as well as should be used as both a model and template by all strata of government in the country, for correcting public leadership challenges via adoption of approaches that impose more leadership discipline than conventional, and less extractive but more innovative in operation.
It is in doing this that we can achieve sustainable development as a nation.
Jerome-Mario Utomi is the Programme Coordinator (Media and Public Policy) for Social and Economic Justice Advocacy (SEJA), a Lagos-based Non-Governmental Organization (NGO). He can be reached via [email protected] or 08032725374
Feature/OPED
The Future of Payments: Key Trends to Watch in 2025
By Luke Kyohere
The global payments landscape is undergoing a rapid transformation. New technologies coupled with the rising demand for seamless, secure, and efficient transactions has spurred on an exciting new era of innovation and growth. With 2025 fast approaching, here are important trends that will shape the future of payments:
1. The rise of real-time payments
Until recently, real-time payments have been used in Africa for cross-border mobile money payments, but less so for traditional payments. We are seeing companies like Mastercard investing in this area, as well as central banks in Africa putting focus on this.
2. Cashless payments will increase
In 2025, we will see the continued acceleration of cashless payments across Africa. B2B payments in particular will also increase. Digital payments began between individuals but are now becoming commonplace for larger corporate transactions.
3. Digital currency will hit mainstream
In the cryptocurrency space, we will see an increase in the use of stablecoins like United States Digital Currency (USDC) and Tether (USDT) which are linked to US dollars. These will come to replace traditional cryptocurrencies as their price point is more stable. This year, many countries will begin preparing for Central Bank Digital Currencies (CBDCs), government-backed digital currencies which use blockchain.
The increased uptake of digital currencies reflects the maturity of distributed ledger technology and improved API availability.
4. Increased government oversight
As adoption of digital currencies will increase, governments will also put more focus into monitoring these flows. In particular, this will centre on companies and banks rather than individuals. The goal of this will be to control and occasionally curb runaway foreign exchange (FX) rates.
5. Business leaders buy into AI technology
In 2025, we will see many business leaders buying into AI through respected providers relying on well-researched platforms and huge data sets. Most companies don’t have the budget to invest in their own research and development in AI, so many are now opting to ‘buy’ into the technology rather than ‘build’ it themselves. Moreover, many businesses are concerned about the risks associated with data ownership and accuracy so buying software is another way to avoid this risk.
6. Continued AI Adoption in Payments
In payments, the proliferation of AI will continue to improve user experience and increase security. To detect fraud, AI is used to track patterns and payment flows in real-time. If unusual activity is detected, the technology can be used to flag or even block payments which may be fraudulent.
When it comes to user experience, we will also see AI being used to improve the interface design of payment platforms. The technology will also increasingly be used for translation for international payment platforms.
7. Rise of Super Apps
To get more from their platforms, mobile network operators are building comprehensive service platforms, integrating multiple payment experiences into a single app. This reflects the shift of many users moving from text-based services to mobile apps. Rather than offering a single service, super apps are packing many other services into a single app. For example, apps which may have previously been used primarily for lending, now have options for saving and paying bills.
8. Business strategy shift
Recent major technological changes will force business leaders to focus on much shorter prediction and reaction cycles. Because the rate of change has been unprecedented in the past year, this will force decision-makers to adapt quickly, be decisive and nimble.
As the payments space evolves, businesses, banks, and governments must continually embrace innovation, collaboration, and prioritise customer needs. These efforts build a more inclusive, secure, and efficient payment system that supports local to global economic growth – enabling true financial inclusion across borders.
Luke Kyohere is the Group Chief Product and Innovation Officer at Onafriq
Feature/OPED
Ghana’s Democratic Triumph: A Call to Action for Nigeria’s 2027 Elections
In a heartfelt statement released today, the Conference of Nigeria Political Parties (CNPP) has extended its warmest congratulations to Ghana’s President-Elect, emphasizing the importance of learning from Ghana’s recent electoral success as Nigeria gears up for its 2027 general elections.
In a statement signed by its Deputy National Publicity Secretary, Comrade James Ezema, the CNPP highlighted the need for Nigeria to reclaim its status as a leader in democratic governance in Africa.
“The recent victory of Ghana’s President-Elect is a testament to the maturity and resilience of Ghana’s democracy,” the CNPP stated. “As we celebrate this achievement, we must reflect on the lessons that Nigeria can learn from our West African neighbour.”
The CNPP’s message underscored the significance of free, fair, and credible elections, a standard that Ghana has set and one that Nigeria has previously achieved under former President Goodluck Jonathan in 2015. “It is high time for Nigeria to reclaim its position as a beacon of democracy in Africa,” the CNPP asserted, calling for a renewed commitment to the electoral process.
Central to CNPP’s message is the insistence that “the will of the people must be supreme in Nigeria’s electoral processes.” The umbrella body of all registered political parties and political associations in Nigeria CNPP emphasized the necessity of an electoral system that genuinely reflects the wishes of the Nigerian populace. “We must strive to create an environment where elections are free from manipulation, violence, and intimidation,” the CNPP urged, calling on the Independent National Electoral Commission (INEC) to take decisive action to ensure the integrity of the electoral process.
The CNPP also expressed concern over premature declarations regarding the 2027 elections, stating, “It is disheartening to note that some individuals are already announcing that there is no vacancy in Aso Rock in 2027. This kind of statement not only undermines the democratic principles that our nation holds dear but also distracts from the pressing need for the current administration to earn the trust of the electorate.”
The CNPP viewed the upcoming elections as a pivotal moment for Nigeria. “The 2027 general elections present a unique opportunity for Nigeria to reclaim its position as a leader in democratic governance in Africa,” it remarked. The body called on all stakeholders — including the executive, legislature, judiciary, the Independent National Electoral Commission (INEC), and civil society organisations — to collaborate in ensuring that elections are transparent, credible, and reflective of the will of the Nigerian people.
As the most populous African country prepares for the 2027 elections, the CNPP urged all Nigerians to remain vigilant and committed to democratic principles. “We must work together to ensure that our elections are free from violence, intimidation, and manipulation,” the statement stated, reaffirming the CNPP’s commitment to promoting a peaceful and credible electoral process.
In conclusion, the CNPP congratulated the President-Elect of Ghana and the Ghanaian people on their remarkable achievements.
“We look forward to learning from their experience and working together to strengthen democracy in our region,” the CNPP concluded.
Feature/OPED
The Need to Promote Equality, Equity and Fairness in Nigeria’s Proposed Tax Reforms
By Kenechukwu Aguolu
The proposed tax reform, involving four tax bills introduced by the Federal Government, has received significant criticism. Notably, it was rejected by the Governors’ Forum but was still forwarded to the National Assembly. Unlike the various bold economic decisions made by this government, concessions will likely need to be made on these tax reforms, which involve legislative amendments and therefore cannot be imposed by the executive. This article highlights the purposes of taxation, the qualities of a good tax system, and some of the implications of the proposed tax reforms.
One of the major purposes of taxation is to generate revenue for the government to finance its activities. A good tax system should raise sufficient revenue for the government to fund its operations, and support economic and infrastructural development. For any country to achieve meaningful progress, its tax-to-GDP ratio should be at least 15%. Currently, Nigeria’s tax-to-GDP ratio is less than 11%. The proposed tax reforms aim to increase this ratio to 18% within the next three years.
A good tax system should also promote income redistribution and equality by implementing progressive tax policies. In line with this, the proposed tax reforms favour low-income earners. For example, individuals earning less than one million naira annually are exempted from personal income tax. Additionally, essential goods and services such as food, accommodation, and transportation, which constitute a significant portion of household consumption for low- and middle-income groups, are to be exempted from VAT.
In addition to equality, a good tax system should ensure equity and fairness, a key area of contention surrounding the proposed reforms. If implemented, the amendments to the Value Added Tax could lead to a significant reduction in the federal allocation for some states; impairing their ability to finance government operations and development projects. The VAT amendments should be holistically revisited to promote fairness and national unity.
The establishment of a single agency to collect government taxes, the Nigeria Revenue Service, could reduce loopholes that have previously resulted in revenue losses, provided proper controls are put in place. It is logically easier to monitor revenue collection by one agency than by multiple agencies. However, this is not a magical solution. With automation, revenue collection can be seamless whether it is managed by one agency or several, as long as monitoring and accountability measures are implemented effectively.
The proposed tax reforms by the Federal Government are well-intentioned. However, all concerns raised by Nigerians should be looked into, and concessions should be made where necessary. Policies are more effective when they are adapted to suit the unique characteristics of a nation, rather than adopted wholesale. A good tax system should aim to raise sufficient revenue, ensure equitable income distribution, and promote equality, equity, and fairness.
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