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The Industry Newspapers to Honour Zulum, Sanwo-Olu, Emefiele, Others April 26

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The Industry Newspapers

By Dipo Olowookere

On Tuesday, April 26, 2022, the Governors of Borno, Lagos and Akwa-Ibom States, Mr Babagana Zulum, Mr Babajide Sanwo-Olu and Mr Udom Emmanuel respectively will be honoured by The Industry Newspapers.

The trio, along with other eminent Nigerians, would be recognised for their selfless services to the nation at The Industry Summit/Awards scheduled to take place at the Banquet Hall of Sheraton Hotel and Tower, Ikeja, Lagos.

A statement from the organisers of the event formerly known as The Industry Evening Summit disclosed that the programme will start with a summit by 10 am and a dinner/awards ceremony by 6 pm.

Governor Zulum was chosen as The Industry Governor of the Year- Overall, while Governor Sanwo-Olu was picked as The Industry Governor of the Year for Job Creation, with Governor Emmanuel selected as The Industry Governor of the Year for Infrastructure.

Also, the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele emerged as the Regulatory Officer of the Year; the Chairman of Troyka Holdings, Dr Biodun Shobanjo, is the Doyen of Advertising in Africa, while the Chief Executive Officer of Fidelity Bank Plc, Mrs Nneka Onyeali-Ikpe, is the Banker of the Year.

In the statement signed by the convener of the event and Editor-in-chief of The Industry Newspapers, Mr Goddie Ofose, it was explained that the awardees were chosen after painstakingly reviewing their impacts on their fields.

He stated that the team of assessors led by the Leadership Newspaper, South West General Manager, Mr Chima Akwaja, did a good job at arriving at the list.

Mr Ofose stated that at the ceremony themed Financial inclusion, digital payment and the challenges of banking the unbanked, leaders of thoughts in the Nigerian business landscape would rev up conversations that would deepen financial inclusion and proffer solutions to the challenges of banking the unbanked.

According to him, Nigerians who have access to financial services are reported as having a lack of basic resources and the financial knowledge necessary to carry out transactions, stressing that a lack of education around financial services has likely contributed to low financial inclusion.

“In a quest to extend financial services to the unbanked, particularly those in remote and rural regions, it is critical that we engender conversation about the viability of agents. Agents are retail storefront operators representing financial services providers with the delivery of financial services.

“According to EFinA’s 2018 Access to Finance Survey, financial exclusion is highest in rural areas. This is because the traditional model of delivering financial services — the bank branch — is not sustainable in these areas,” he stated.

The prolific journalist stated that the keynote speaker for this year’s event is Mr Emefiele, while the CEO of Financial Institution Training Centre (FITC), Mrs Chizor Malize will deliver a lead paper.

The year panel comprises Chioma Afe, Group Head, Retail Marketing & Analytic, Access Bank Plc; Cherry Eromosele, Group Chief Marketing & Corporate Communications Officer, Interswitch Nigeria; Chuma Ezirim, Group Executive, e-Business & Retail Products, First Bank; Mr Kenny Joda, CEO, FibreOne; Mrs Bola Atta, Group Director for Communication, UBA Plc; David Okeme, Divisional Head Payment Solutions & Vertical Market Systemspecs; Olugbenga Agboola, CEO Flutterwave;  Mr Oti Ukubeyinje, Senior Vice President, Products and Product Marketing, Terragon; and Babs Ogundeyi, CEO Kuda Microfinance Bank, while the moderator is Mr Mojeed Jamiu, the publisher of Upshot Reports.

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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Bill Seeking Creation of Unified Emergency Number Passes Second Reading

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Unified Emergency Number

By Adedapo Adesanya

Nigeria’s crisis-response bill seeking to establish a single, toll-free, three-digit emergency number for nationwide use passed for second reading in the Senate this week.

Sponsored by Mr Abdulaziz Musa Yar’adua, the proposed legislation aims to replace the country’s chaotic patchwork of emergency lines with a unified code—112—that citizens can dial for police, fire, medical, rescue and other life-threatening situations.

Lawmakers said the reform is urgently needed to address delays, miscommunication and avoidable deaths linked to Nigeria’s fragmented response system amid rising insecurity.

Leading debate, Mr Yar’adua said Nigeria has outgrown the “operational disorder” caused by multiple emergency numbers in Lagos, Abuja, Ogun and other states for ambulance services, police intervention, fire incidents, domestic violence, child abuse and other crises.

He said, “This bill seeks to provide for a nationwide toll-free emergency number that will aid the implementation of a national system of reporting emergencies.

“The presence of multiple emergency numbers in Nigeria has been identified as an impediment to getting accelerated emergency response.”

Mr Yar’adua noted that the reform would bring Nigeria in line with global best practices, citing the United States, United Kingdom and India, countries where a single emergency line has improved coordination, enhanced location tracking and strengthened first responders’ efficiency.

With an estimated 90 per cent of Nigerians owning mobile phones, he said the unified number would significantly widen public access to emergency services.

Under the bill, all calls and text messages would be routed to the nearest public safety answering point or control room.

He urged the Senate to fast-track the bill’s passage, stressing the need for close collaboration with the Nigerian Communications Commission (NCC), relevant agencies and telecom operators to ensure nationwide coverage.

Senator Ali Ndume described the reform as “timely and very, very important,” warning that the absence of a reliable reporting channel has worsened Nigeria’s security vulnerabilities.

“One of the challenges we are having during this heightened insecurity is lack of proper or effective communication with the affected agencies,” Ndume said.

“If we do this, we are enhancing and contributing to solving the security challenges and other related criminalities we are facing,” he added.

Also speaking in support, Senator Mohammed Tahir Monguno said a centralised emergency number would remove barriers to citizen reporting and strengthen public involvement in security management.

He said, “Our security community is always calling on the general public to report what they see.

“There is a need for government to create an avenue where the public can report what they see without any hindrance. The bill would give strength and muscular expression to national calls for vigilance.”

The bill was referred to the Senate Committee on Communications for further legislative work and is expected to be returned for final consideration within four weeks.

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Tinubu Swears-in Ex-CDS Christopher Musa as Defence Minister

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ex-cds christopher musa

By Modupe Gbadeyanka

The former chief of defence staff (CDS), Mr Christopher Musa, has been sworn-in as the new Minister of Defence.

The retired General of the Nigerian Army took the oath of office for his new position on Thursday in Abuja.

The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, confirmed this development in a post shared on X, formerly Twitter, today.

“General Christopher Musa takes oath of office as Nigeria’s new defence minister,” he wrote on the social media platform this afternoon.

Earlier, President Bola Tinubu thanked the Senate for confirming Mr Musa when he was screened for the post on Wednesday.

“Two days ago, I transmitted the name of General Christopher G. Musa, our immediate past Chief of Defence Staff and a fine gentleman, to the Nigerian Senate for confirmation as the Federal Minister of Defence.

“I want to commend the Nigerian Senate for its expedited confirmation of General Musa yesterday. His appointment comes at a critical juncture in our lives as a Nation,” he also posted on his personal page X on Thursday.

The former military officer is taking over from Mr Badaru Abubakar, who resigned on Sunday on health grounds.

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Presidential Directives Helping to Remove Energy Bottlenecks—Verheijen

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Cut Energy Costs

By Adedapo Adesanya

The Special Adviser to President Bola Tinubu on Energy, Mrs Olu Verheijen, says Presidential Directives 41 and 42 have emerged as the most transformative policy tools reshaping Nigeria’s oil and gas investment landscape in more than a decade, by helping eliminate bottlenecks.

Mrs Verheijen made this assertion while speaking at the Practical Nigerian Content Forum 2025, noting that the directives issued by her principal in May 2025, are specifically designed to eliminate rent-seeking, slash project timelines, reduce contracting costs, and restore investor confidence in the Nigerian upstream sector.

“These directives are not just policy documents; they are enforceable commitments to make Nigeria competitive again,” she declared.

She noted that before the directives were issued, Nigeria faced chronic delays in contracting cycles, which discouraged capital inflows and stalled major upstream projects.

“For years, investment stagnated because our processes were too slow and too expensive. Presidential Directives 41 and 42 are removing those bottlenecks once and for all,” she said.

According to her, the directives have already begun to shift investor sentiment, unlocking billions of dollars in new commitments from international oil companies.

“We are seeing unprecedented investment inflows. Shell, Chevron and others are returning with confidence because they can now see credible timelines and competitive project economics,” Verheijen said.

Speaking on the link between streamlined contracting and local content development, she stressed that the directives were crafted to reinforce, not weaken, Nigerian participation.

“Local content is not an obstacle; it is a catalyst. It helps us meet national objectives, contain costs, and deliver projects faster when applied correctly,” she explained.

Mrs Verheijen highlighted that the directives complement the government’s data-driven approach to refining local content requirements while ensuring Nigerian talent and enterprises remain central to new investments.

“Our goal is to empower Nigerian companies with opportunities that are commercially sound and globally competitive,” she said.

She pointed to the current spike in industry activity, over 60 active drilling rigs, as evidence that the directives are driving real operational change.

“We have moved from rhetoric to results. These directives have triggered a new cycle of upstream development,” she said.

The energy expert added that the reforms are critical to achieving Nigeria’s production ambition of 3 million barrels of oil and 10 billion standard cubic feet (bscf) of gas per day by 2030.

“To meet these targets, we need speed, efficiency, and collaboration across the value chain. The directives are the foundation for that,” she noted.

She also linked the directives to Nigeria’s broader regional ambitions, including its leadership role in the African Energy Bank.

“With a $100 million facility now launched, we are ensuring that investment translates into jobs, technology transfer, and long-term value for Nigeria,” she said.

Mrs Verheijen concluded by urging the industry to uphold the spirit and letter of the presidential instructions.

“These directives are a collective responsibility. Government, operators, financiers, and host communities must work together to deliver the Nigeria we envision,” she said. “We remain committed to ensuring Nigeria remains Africa’s premier investment destination,” she said.

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