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Ogunbiyi Vows to Replicate Mutual Benefits Assurance’s Success in Osun



Akin Ogunbiyi Mutual Benefits

By Aduragbemi Omiyale

The governorship candidate of Accord Party in the forthcoming election in Osun State, Mr Akin Ogunbiyi, has promised to replicate the success he achieved at Mutual Benefits Assurance Plc in the state if elected governor this year.

Residents of the 30-year-old state head to the polls on July 16, 2022, and Mr Ogunbiyi, who is the founder and group chairman of Mutual Benefits, believes he has what it takes to provide a sustainable economy for the state.

In a chat with newsmen in Osogbo, the entrepreneur said Osun State should not have any reason to be in the same sentence with underdevelopment based on the huge human and material resources it is blessed with.

According to him, the state has arable farmland covering over 9000 kilometres, mineral deposits, tourist sites, and aquatic habitat, among others, but despite these, it “remains in the backwater of underdevelopment.”

He pointed out that the resources have been badly managed to the extent that it ranks third in the list of most indebted states in Nigeria, with over N200 billion debt overhang; while it receives a lean N1.7 billion monthly allocation from the federation account (due to deductions) and generates a lowly N13 billion monthly revenue.

The graduate of Agricultural Economics from Obafemi Awolowo University, Ile-Ife, Osun State, said with very few viable capital projects, which come in form of future investments, Osun State battles low productivity, unemployment and poverty.

But he assured that if elected next month, he will transform the state into an enviable one as he will reengineer the economy to become more viable and buoyant, a far cry from its present comatose state.

The self-acclaimed “venturer” stressed that he will look “for opportunities to create and deliver value” as he will “approach leadership from an entrepreneurial and revenue-generating mindset and not just sit down and depend solely on monthly federal allocation.”

“We must strive to end Osun State economy rallying around three services: civil servants, teachers and peasant farmers,” he said pledging to work in tandem with his Accord Party’s philosophy and manifesto, which is anchored on “corporatism, popularism and capitalism.”

“If elected governor, l will first and foremost, work to guarantee the security of lives and property in the state. Since security is the main purpose of government, we will rejig the security architecture in the state to ensure better results.

“We will invest in these two sectors to ensure sound minds, healthy and wealthy citizenry.

“We will also create jobs for our teeming but now largely idle youths. We will also do this by creating an enabling environment to will Osun State an investment-friendly state.

“If elected governor, l will also initiate and sustain an agricultural revolution in the state, by utilising our vast arable land, not only to attain food security but to generate huge revenue from the sector.

“We will make soft loans available for small-scale farmers to produce food and crop crops and by so doing, provide jobs for many Osun youths,” Mr Ogunbiyi promised.

Speaking further, he vowed to pursue massive infrastructural development in the rural areas and concentrate his envisioned agricultural revolution among the rural populace.

“We will unleash our energies and resources to boost industrialisation in the state by maximizing the benefits of our vast mineral resources-gold, kaoline, iron ore, Talc, columbite, etc. located in different parts of the state.

“We will intensify the mining of these deposits at a commercial level that will be beneficial to the state. We won’t play politics with such revenue-yielding ventures or enter into deals that will short-change the state.

“We will also assist artisans, women groups and youths through skill acquisition and soft loans to enable be self-sustaining and become employers of labour,” he said.

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Nigeria Inaugurates Mini Grids Programme to Expand Clean Energy Access



Mini Grids Programme

By Adedapo Adesanya

The Rural Electrification Agency (REA) has inaugurated the Africa Mini Grids Programme (AMP) to support access to clean energy in Nigeria.

Mr Ayang Ogbe, the Director of Promotions at REA, said this in a statement in Abuja, noting that the four-year project was being funded by the Global Environment Facility (GEF) and supported by the United Nations Development Programme (UNDP) in Nigeria.

He said that the programme aims to increase the financial viability and promote scaled-up commercial investment in renewable energy mini-grids, focusing on cost-reduction levers and innovative business models.

According to him, the renewable energy mini-grids are with a focus on cost-reduction levers and innovative business models.

“The programme is active in 21 African countries, and the Nigeria national project implemented by the REA is the first to commence implementation following the official inauguration at an inception workshop.

“The workshop was hosted in collaboration with representatives from the UNDP, GEF, Federal Ministries of Power, Environment and Agriculture as well as other key stakeholders in the rural development space,” he said.

Mr Ogbe said that the Africa mini-grids programme in Nigeria was designed as an enabler project of the REA’s Energising Agriculture Programme (EAP).

He said that EAP aims to advance one of REA’s strategic priorities of focusing on the unserved and underserved to increase economic opportunities.

”Through agriculture and productive sectors in rural communities across the country, this objective is in line with the mandate of the REA to catalyse economic growth and improve the quality of life for rural Nigerians.

Speaking on the project, Mr Mohamed Yahya, the UNDP Resident Representative in Nigeria, said that the UNDP was delighted with the inauguration of the Africa mini-grids programme in Nigeria with the REA as the project’s implementing partner.

He said, “access to reliable, sustainable, affordable energy is a catalyst to socio-economic development, and in achieving the Sustainable Development Goals (SDGs).”

“By scaling up solutions such as renewable energy mini-grids, we will be able to close the energy access gap and unlock opportunities for people in Nigeria and across the region,” he said.

On his part, Mr Jonah Stanley,  GEF Operational Focal Point at the Federal Ministry of Environment, emphasised the significance of the programme, which he sees as central to issues.

“Such as security, climate change, food production and strengthening economies while protecting ecosystems.”

The statement quoted the Managing Director of the REA, Mr  Salihijo Ahmad, “commending the collaborative spirit of the agency’s partners and stakeholders that enabled the activation of the programme.”

Mr Ahmad said that the Africa mini-grids programme would serve as another catalyst for improved access to sustainable energy and equitable and inclusive impact on livelihoods by unlocking agricultural value addition opportunities from electrification.

He said, “this sectoral approach is in line with the agency’s focus on programmes to advance the electrification targets and broader social and economic development objectives of the Federal Government of Nigeria.”

The statement also quoted Mr Sanusi Ohiare, the Executive Director, Rural Electrification Fund (REF) at the REA as saying, “there is the need to enhance the viability of mini-grids and the impact of electrification”.

“To this end, the programme will deploy pilot mini-grids to achieve the electrification of rural communities and agricultural value chain.”

Mr Ohiare said that the project would also establish the most appropriate solutions and business models while amplifying the knowledge gained to catalyse private investment.”

The AMP in Nigeria will contribute to SDG 7, which is  (Affordable and Clean Energy), Goal 13 (Climate Action) and  Goal 5 (Gender Equality), with an estimate of 70,063 direct project beneficiaries, out of which 34,559 are women.

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IBEDC Assures Customers Prompt Response to Complaints



IBEDC directors suspended NERC

By Aduragbemi Omiyale

The management of Ibadan Electricity Distribution Company (IBEDC) Plc has expressed commitment to contributing its best to national development through excellent service delivery, improved power supply, prompt response to customers’ complaints and bridging the metering gap across our franchise.

The interim managing director of the energy firm, Mr Kingsley Achife, gave this assurance in a message to congratulate Nigerians on the 62nd anniversary of being an independent nation.

To celebrate the day, October 1, the federal government declared Monday, October 3, as a public holiday. Because of its desire to make the work-free day enjoyable, he assured excellent service delivery.

“We are aware that our customers are looking forward to enjoying power supply during the holiday, so our technical crew are available to rectify any faults that may arise during this period, and our customer care line 0700123999 will remain active to respond to complaints and reports promptly,” Mr Achife was quoted as saying in a statement issued by IBEDC.

He implored customers to take advantage of the company’s hassle-free payment channels such as Quick teller, Payarena, Jumia, Watu, Buypower and ATM to pay their bills and vend.

“Our payment centres are also open during the holiday from 9 am-3 pm to attend to customers,” he further said in the statement, noting that IBEDC has put stringent measures in place to ensure good service delivery.

As for the Independence Day celebration, Mr Achife urged Nigerians to ensure that the founding fathers’ sacrifices and ideologies remain the watchwords for a united and peaceful country.

He also appealed to them to continue striving for the country’s development, saying electricity is one of the catalysts that drive the growth and development of any economy.

While wishing the customers of IBEDC a happy Independence Day, the MD advised motorists to avoid driving under the influence of alcohol and observe traffic rules to prevent collisions with electric poles and other accidents during the independence celebration.

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Buhari Urges Leaders to Tackle Slow AfCFTA Integration



China Africa AfCFTA

By Adedapo Adesanya

President Muhammadu Buhari has said the African Continental Free Trade Area (AfCFTA) would succeed if African governments demonstrate a higher level of commitment to tackling the slow pace of physical integration, political cooperation, and tariff barriers that inhibit business integration.

He made this disclosure while addressing the second African Sub-Sovereign Governments Network (AFSNET) Conference on Friday in Abuja, organised by the Afreximbank in collaboration with the secretariat of AfCFTA and the Nigeria Governors’ Forum, the President decried the low-level trade among African countries.

He said, “As leaders, we must all be concerned that we are not trading enough amongst ourselves. It is a bitter reality that Intra-regional trade still accounts for a very tiny fraction of total trade in Africa.

”We have to understand that if this new drive towards a continental free trade area is to succeed, we must demonstrate a higher level of commitment to tackling the slow pace of physical integration due to geographic and political fragmentations, the pace of political cooperation, and difficult tariff and non-tariff barriers that inhibit business integration.

”I am firmly convinced that with the right collaborative action, we will be able to record a much stronger pace of transformation.

”Through shared knowledge, innovation and creativity, we will be better able to cater for the needs of the African continent’s population of over 1.4 billion people,” the President said, urging the Conference to use the network and support provided by pan-African institutions as a platform for the exchange of ideas, knowledge, and skills.

The conference, he said, should also seek and advance innovative solutions to support our common quest for the expansion of intra-Africa trade opportunities for our people.

He commended the conference organisers for demonstrating innovative thinking by taking the AfCFTA to the grassroots, lauding the President of Afreximbank, Mr Benedict Oramah, and his team for committing $250 million as seed capital towards the establishment of the AFSNET.

He acknowledged that the initiative spearheaded by Afreximbank was aimed at firmly establishing and deepening the intra-continental trade investment development frontier for Africa, facilitating the reduction in the continent’s dependence on exports of primary commodities as well as minimizing the risks experienced due to strong reliance on global value chains.

“This opportunity, if properly harnessed, is a significant step for Africa to begin carving its niche in the global value chain, from the constituent units up.

“This will undoubtedly complement broader programmes such as the AfCFTA which remains one of the most strategic pan-African agenda to deliver inclusive and sustainable development,” he said.

The President also recognised the support of the Secretariat of the AfCFTA and the role of its Secretary General, Mr Wamkele Mene, in organizing the conference in Abuja.

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