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Sokoto Investment Company Boss Aliyu Bala Dies

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By Dipo Olowookere

Managing Director of Sokoto Investment Company, Mr Aliyu Bala Sokoto, has lost his life in a fatal motor accident.

Mr Sokoto died along the Gusau-Sokoto federal highway at about 7am on Saturday.

The late 41-year-old former employee of First Bank Nigeria Limited was appointed in August 2016 as the MD of Sokoto Investment Company by the state Governor, Mr Aminu Tambuwal.

Spokesman of Mr Tambuwal, Mr Imam Imam, who confirmed the death of Mr Sokoto, described the deceased as someone who has a “deep knowledge of the investment and finance sector.”

“Here was a young man who breezed into public service and in less than a year, has left positive impression that will last a lifetime.

“When he was appointed as MD in August last year, I was impressed by his deep knowledge of the investment and finance sector. He had worked in banks and other financial institutions and came on board with the intention to make impact.

“While talking to him, what strikes you most about him was his humility. In dealing with him, his honesty and integrity shines through at all times.

“In less than one year, he has brought Investment portfolio to Sokoto worth more than $500 million. He rebranded the SICL, set in motion process of recruiting young professionals with new ideas to move the company forward, brought about 10 foreign and local investors to the state, and instituted a regime of honesty in dealing with superiors and subordinates alike.

“One of his efforts, the Hijra Textile Company, is due to come on stream before the end of the year with Sokoto State Government having a 40% equity stake in the company.

“I’ve always seen him as an example of what the youth should represent. He came to his work prepared. He knew the field well enough and he hit the ground running. He had a vision and he pursued it with determination.

“Coming barely a month after the death of his father, Alhaji Bala Sokoto, Aliyu’s death has robbed the state of one its brightest young men.

“He has left a huge void in the Investment Company.”

Meanwhile, Mr Sokoto was buried yesterday according to Islamic rites.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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British Council Hosts Going Global Africa Conference in Abuja

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Going Global Africa Conference

The British Council, a UK-based organization dedicated to fostering cultural relations and educational opportunities, hosted the Going Global Africa Conference 2024.

The event, which took place from November 26 to 28 at the Transcorp Hilton Hotel in Abuja, was themed Building Sustainable and Relevant Tertiary Education Institutions and Systems in Africa.

It brought together policymakers, academics, industry leaders, and youth advocates to address critical issues in tertiary education across the continent.

At the opening session, which spotlighted youth aspirations and actionable strategies to bridge the gap between tertiary education and workforce demands, the Minister of Education, Mr Olatunji Alausa, unveiled the Nigerian Educational Sector Renewal initiative, a six-pillar agenda aimed at modernising the education system.

The session, titled The Future is Now: Realising the Vision of Africa’s Youth, was used by him to emphasised the importance of STEM and vocational training.

According to him, one of his takeaways from the opening plenary session is starting up student-led ventures, a good initiative the government would take on.

Throughout the three-day event, critical sessions explored the role of partnerships and innovation in strengthening tertiary education.

Another session titled Maximising Impact through Tertiary Education Partnerships, chaired by Prof. Sir Steve Smith, examined frameworks for sustainable education partnerships.

Also, at another session, Transitioning to the World of Work, led by Femi Taiwo, Founding Partner of F.I.T. Africa, delved into career-readiness strategies and the systems required to prepare graduates for industry demands.

Contributors such as Prof. Colin Riordan from the Association of Commonwealth Universities and Ms. Nadia Waggie from the University of Cape Town enriched these discussions with their expertise.

The conference also included a variety of focused sessions and panels, such as Learning Labs on technology integration, employability, and international research partnerships. Discussions highlighted access to education for marginalized groups, including women and persons with disabilities, with sessions such as Disability Inclusion in Tertiary Education led by Prof. Tracy Bhamra and featuring disability rights advocates.

Business Post reports that the conference coincided with the British Council’s 80th anniversary in Nigeria, celebrating decades of impactful partnerships in education.

“Hosting this conference in Sub-Saharan Africa underscores our commitment to fostering sustainable partnerships and innovation in education,” the Regional Director for Sub-Saharan Africa at the British Council, Lucy Pearson, remarked.

The event concluded with a renewed commitment to bridging the skills gap in Africa’s tertiary education.

The Acting Country Director for the council, Chilufya Besa, said, “By bringing together industry stakeholders, we have made significant progress in aligning education with workforce needs.”

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Thailand Gifts Nigeria 32-Tonne Rice Shipment to Tackle Food Crisis

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prices of rice in December

By Adedapo Adesanya

Nigeria has received a 32-tonne shipment of rice from Thailand as part of foreign relief to tackle escalating hunger and food insecurity.

The shipment, the first of its kind in a decade, has arrived in Lagos, according to DUCAT, the logistics company that facilitated its delivery.

The rice from Thailand was exported following Nigeria’s decision to implement a tariff moratorium on wheat, corn, rice, and other food crops last year, DUCAT revealed.

Although the duty waiver was introduced, purchases have largely been cautious, driven by concerns about its potentially harmful impact on local producers.

“Nigeria has been working hard to find solutions to broaden and strengthen its food supply accessibility,” DUCAT Chief Executive Officer, Mr Adrian Beciri said in a statement.

Several months ago, Nigeria unveiled a set of measures to combat soaring food inflation, which is rising at its fastest rate in three decades.

According to the last inflation update, food inflation reached 39.93 per cent year-on-year in November from 39.16 per cent the previous month in October 2024, caused by price rises for staples such as rice, maize, bread, potatoes and cooking oil.

Inflation quickened sharply in the second half of 2023 after President Bola Tinubu devalued the Naira and cut petrol and electricity subsidies to try to lift economic growth and shore up public finances.

Inflation has still not let up as it remained at 34 per cent as of November.

Many of the policies have failed to materialise including a 180-day window to allow duty-free imports of wheat, corn, and other critical food crops— a move promised would crash food prices.

A survey of market prices by Business Post indicates that food prices remained elevated during the last Christmas period.

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JUST IN: Lagos Assembly Lawmakers Impeach Obasa as Speaker

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obasa lagos speaker

By Dipo Olowookere

The Speaker of the Lagos State House of Assembly, Mr Mudashiru Obasa, has been impeached by members of the legislative arm of government.

Mr Obasa was removed from office on Monday after a motion for this was moved by one of the lawmakers.

The Assembly has now elected Ms Mojisola Meranda, a member representing Apapa I Constituency, as the new Speaker.

This action is coming amid allegations of fraud against Mr Obasa, who is from the Agege constituency.

It has been speculated that Mr Obasa got into political trouble because of his alleged interest in the governorship position in 2027.

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