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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 dipo.olowookere@businesspost.ng

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ICAN, BOI Partner to Drive Stakeholders Inclusion in Tech

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ICAN BoI Tech Hub

By Adedapo Adesanya

The Institute of Chartered Accountants of Nigeria (ICAN) and the Bank of Industry (BOI) have strategically inaugurated an ICAN-BOI Tech Hub that will promote job creation, entrepreneurship and skill development in the technology space.

This was the central point of the tech hub inaugurated on Tuesday at the ICAN annexe office in Lagos which will ensure that members of the institute and the public can access the necessary skills and competencies required to become job creators and productive contributors in today’s tech-savvy world.

According to the Managing Director of BOI, Mr Olukayode Pitan, the project was necessary, given the increasing importance of technology to development and youth empowerment.

Mr Pitan said the dominant role of technology in many professions, including accountancy, had transformed the way businesses operated, resulting in improved efficiency, cost-saving, and simplified processes.

“The tech hub shall encourage development and testing of new ideas, products and business models as well as create an environment to prepare for start-ups and existing businesses for sustainability.

“It also aims at boosting business mentorship, market linkages and accelerated programmes to enable young entrepreneurs to scale up.

“Technology, innovation and entrepreneurship are key factors shaping global trends and there is a need to continually scale up on them for our national economic growth and development,” he said.

The BOI boss noted that young people were embracing an entrepreneurship mindset and technological skills, which had resulted in the provision of innovative solutions servicing millions of people in diverse sectors.

According to him, the Information and Communication Technology (ICT) sector contributed 14.7 per cent to the gross domestic product in 2020 and increased to 15.21 per cent in 2021.

“We can see a perfect example of the value of tech hubs when we consider Silicon Valley, which is one of the earliest tech hubs in the world.

“It houses the headquarters of many of the world’s largest high tech operations as well as thousands of promising start-ups and we have started on that journey here in Nigeria.

“Nigerian Fintechs are fast gaining recognition globally. In 2021, Nigerian FinTech start-ups raised about $1.37 billion out of a total of $4 billion raised by African start-ups despite the COVID-19 pandemic.

“In Nigeria, we can boast of having technologically-driven products and services such as Flutterwave, Opay, Andela, Interswitch and Jumia.

“This shows the growing significance of ICT in driving the economy,” he added.

Mr Pitan also added that the BOI, through its corporate social responsibility programmes, would proactively continue to support the establishment of tech hubs across the country.

He said the ICAN-BOI tech hub collaboration brought the total tech hubs established by BOI to 10 in six states across the country.

“Structurally, the ICAN-BOI tech hub boasts of over 250 co-work desks, meeting rooms, private offices, a relaxation centre and a hybrid area for organising competitions and hackathons.

“In collaboration with ICAN, we have made provisions for all divider networks, IT equipment, power supply and all required to enable the hub function at optimal capacity.

“The bank is committed to making all its financing products and services available to bankable projects that emanate from users of the tech hub.

“We are confident that this hub will help users to innovate, incubate, collaborate and scale up as they become employers of labour and contributors to the economy of the nation,” he said.

The 57th ICAN President, Mrs Comfort Eyitayo, adding her input said the hub was positioned to empower users through different stages from idea generation to actualisation of products or services.

Mr Eyitayo expressed gratitude to the management of BOI for partnering with the institute to ensure members and youths were equipped with the necessary skills for economic growth and development.

On his part, the ICAN Registrar, Professor Ahmed Kumshe, commended Eyitayo, who through the ICAN Entrepreneurship Development Centre initiative brought about the partnership with BOI that resulted in the establishment of the tech hub.

He urged the institute to enlighten members and students to maximise the benefits of the hub since technology had taken over every aspect of life, especially in finance.

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Lagos Guber: Group Alleges Plot to Disqualify Mustapha

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disqualify Mustapha Olorunfemi

By Modupe Gbadeyanka

There is a plot to disqualify a former permanent secretary in the Lagos civil service, Mr Olorunfemi Mustapha by the screening committee of the All Progressives Congress (APC) ahead of the 2023 governorship election in the state, a support group known as Mustapha4Lagos Agenda has alleged.

The body, which is working for the actualisation of the gubernatorial ambition of the gubernatorial aspirant, claimed that the reason for the plan to disqualify Mustapha is to give the incumbent Governor of Lagos State, Mr Babajide Sanwo-Olu, an easy ride to the government house next year.

Mr Sanwo-Olu wants to serve the state for another term of four years when his current tenure expires on May 20, 2023, but Mr Mustapha also wants the position. However, he must get the party’s ticket to unseat the Governor or go to another party to contest against him.

In a statement issued on Thursday, the head of Mustapha4Lagos Agenda, Bukola Ogundipe, claimed that the strategy is to screen out Mr Mustapha today as he is regarded as one of the biggest threats to Mr Sanwo-Olu.

The group revealed that the politician’s legal team is meeting with the national body of the party to quash the plot.

“We have uncovered a plot to disqualify our aspirant from the race; they know that the only way they can stop Mustapha from getting the party ticket is to make sure he doesn’t participate in the primary.

“Let us forget about the noise they are making, he is the man to beat. We are very certain that their plot will not see the light of the day because Mustapha is clean and meets all the criteria required by the constitution of our party and the guidelines for the elections,” Ogundipe said.

“As we speak, our lawyers have met with the leadership of our party in Abuja to make sure that this evil plot does not see the light of the day. The national body must step up and quash this evil plan.

“Sanwo-Olu has been throwing money around, spending billions to buy people but this is about the future of our state and the leadership of our party in Lagos knows that we can’t continue with the abysmal performance of the incumbent,” Ogundipe added.

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80% of Buhari’s Ministers, Appointees Grossly Incompetent—CNPP

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buhari broadcast

By Aduragbemi Omiyale

The Conference of Nigeria Political Parties (CNPP) has claimed that 80 per cent of the Ministers and appointees of President Muhammadu Buhari are grossly incompetent.

The group, which made this claim in a statement signed by its Secretary General, Mr Willy Ezugwu, on Tuesday, called for an overhaul of the cabinet and an injection of fresh hands.

“It is about time President Muhammadu Buhari overhauled his cabinet and injected fresh hands with new ideas into the federal cabinet to redeem his image within the remaining one year of his administration.

“By our several assessments, at least, 80 per cent of President Buhari’s ministers and appointees have proved to be grossly incompetent in the last seven years.

“Worse still, many of the appointees swim in unprecedented corruption that was unimaginable even in the years of the Peoples Democratic Party (PDP) governments.

“President Buhari as a former Head of State could not afford about N53 million presidential nomination forms seven years ago and the ease with which virtually all his ministers bought the exorbitant presidential and governorship forms of the ruling All Progressives Congress (APC) should be the clearest signal that most of the presidential appointees have been corruptly enriching themselves.

“For us, the recent corruption case involving the country’s Accountant-General is one of the least among the appointees. And if a financial gatekeeper like the Accountant-General of the Federation can be involved in such a monumental fraud, then President Buhari’s administration has a lot of image redemption activities to carry out before 2023.

“This can be best achieved by the immediate replacement of most of the current ministers and appointees who have obviously not delivered meaningful democratic dividend since their appointment,” the CNPP stated.

Meanwhile, the group has applauded the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, for withdrawing a suit he filed against the Independent National Electoral Commission (INEC) and the Attorney-General of the Federation (AGF) and Minister of Justice, Mr Abubakar Malami, over his alleged 2023 presidential ambition.

The central banker had approached the court to argue that the electoral body and the nation’s chief law officer do not have the right to stop him from becoming the president of Nigeria next year while still being in office as CBN governor.

After he could not submit his presidential forms procured for him from the APC, Mr Emefiele withdrew the suit from the court.

This action sweetened CNPP, which described it as “a step in the right direction,” commending the banker “for being a good listener and respecter of public opinion.”

In a statement signed by its Secretary General, Mr Willy Ezugwu, on Tuesday, the group also appealed to President Muhammadu Buhari to sack “incompetent and corrupt Ministers” in his cabinet.

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