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Youths Should be Passionate About Their Cause—Mr Macaroni

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Mr Macaroni

By Modupe Gbadeyanka

The need for youths to be passionate about their cause to enable them to stay afloat in the face of debilitating challenges has been emphasised by an entertainer, Mr Debo Adebayo, otherwise known as Mr Macaroni.

Mr Macaroni, who is also an activist, gave this advice during the Winning with Social Media breakout session of the 2021 Youth Leadership Series (YLS) organised by Stanbic IBTC Holdings held on Thursday, April 8, 2021.

The actor was among the speakers invited to the virtual programme, which had youths from across Nigeria and various parts of the world including the UK, USA and UAE in attendance.

Mr Macaroni informed the audience that his passion and urge to succeed propelled him into the business of entertainment, adding that having realised he wanted more visibility; he invested in himself from his meagre resources.

At the webinar themed WINNING, another speaker, Ms Ifedayo Agoro, the founder of Diary of a Naija Girl (DANG), an online lifestyle website, revealed that the need to be heard and give women a voice made her leave a thriving career in the oil and gas industry and started her online community.

She noted that although she did well in her career, she was unhappy until she found fulfilment with DANG, adding that the first six months were not encouraging as many people didn’t really understand her vision, but she kept at it.

“Winning doesn’t only involve consistency, it also involves constantly adapting to change,” she told the participants, who keenly listened to her.

At the Winning with Entrepreneurship breakout session, the duo of Olumide Soyombo, co-founder, Bluechip Technologies and Tracy Batta, co-founder, Smoothie Express, addressed business strategic moves, that included the rudiments of nurturing businesses. The panellists shared their experiences and entrepreneurship journeys with the participants.

Soyombo alluded that it was common to encounter challenges and uncertainty with business start-ups and advised entrepreneurs to remain flexible and well adapted to the ever-changing business climate.

On Winning with Investments, Akin Bamidele Akintola, Head of Equity Sales, Stanbic IBTC Stockbrokers, emphasised the need to make adequate preparations for the future. He explained that it was better to save in investments such as stocks and mutual funds, as the economy was largely unpredictable.

The co-founder of Bamboo Invest, an investment platform that allows Nigerians to invest in United States stocks, Yanmo Omorogbe, said her major challenge was getting funding and investors before the pandemic.

She advised people to believe in themselves, improve pitching skills and be persistent. She also stated that when entering any investment business, it was important to know the regulators.

On the part of the CEO of Stanbic IBTC Holdings, Mr Demola Sogunle, “The Nigerian youth require support, guidance and empowerment to propel them to the pinnacle of their various fields.

“The innovative projects and tech disruptions championed by the youth in virtually every sector are proof of their ingenuity, skill, brilliance and resourcefulness.

“At Stanbic IBTC Holdings PLC, we believe in breaking boundaries, hence our tagline, IT CAN BE, which is hinged upon the premise that everything is possible as long as we are dedicated and put in the requisite effort to make it work.”

In his closing remarks, the CEO of Stanbic IBTC Bank, Mr Wole Adeniyi, assured thousands of the participants at the event that Stanbic IBTC would  continue to make productive investments in the lives of the younger generation, as well as providing the needed financial solutions that would help them achieve their dreams.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Electricity Workers Issue 21-Day Strike Notice Over Pay, Working Conditions

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Electricity Workers Nigeria

By Adedapo Adesanya

Electricity workers, under the aegis of the National Union of Electricity Employees (NUEE), have issued a 21-day nationwide strike notice to the federal government, citing unresolved labour grievances and what they described as worsening conditions across the power sector.

They formally notified the Minister of Power, Mr Adebayo Adelabu, of their intention to embark on industrial action if urgent steps are not taken to address the persistent violations of workers’ rights within the Nigerian Electricity Supply Industry (NESI).

In the letter, the union accused power sector operators of refusing to honour collective agreements, implement the 2025 National Minimum Wage Act and effect its consequential adjustments. It also alleged widespread anti-labour practices across power generation and distribution companies.

“We have written several letters to the ministry on these issues, but there has been little or no response,” the union stated, expressing frustration over what it described as official indifference.

Among the grievances listed are non-remittance of pension deductions and Pay-As-You-Earn (PAYE) taxes, denial of workers’ right to unionise, intimidation of staff, and failure to improve welfare despite repeated tariff increases.

The union said in some distribution companies, pension contributions deducted from workers’ salaries have allegedly remained unpaid for years, leaving employees uncertain about their retirement security.

The electricity workers also criticised what they termed the “militarisation” of workplaces, alleging harassment and threats in certain power firms.

According to the union, labour is increasingly being treated as an adversary rather than a critical stakeholder in a sector already struggling with public confidence.

The notice further questioned the performance of investors who acquired power assets during the 2013 privatisation exercise.

The union argued that promises of improved infrastructure, capital injection, metering expansion and better service delivery have not translated into meaningful gains for workers or consumers.

While electricity tariffs have risen multiple times in recent years, the union said workers have seen no corresponding improvement in salaries, promotions, bonuses or working conditions.

Business Post reports that the ultimatum likely places the federal government under pressure to act as a nationwide strike would significantly disrupt power generation and distribution, affecting homes, hospitals, small businesses and critical infrastructure already grappling with unreliable supply.

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Oyetola Warns Budget Shortfall Threatens Operations of NPA, NIMASA, Others

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Adegboyega Oyetola

By Adedapo Adesanya

The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, has warned that operations of agencies under his ministry were being severely constrained by excessive deductions at source by the Office of the Accountant-General of the Federation.

He disclosed on Tuesday while presenting a N10.5 billion budget proposal for the Federal Ministry of Marine and Blue Economy for the 2026 fiscal year.

He lamented that the allocation was grossly insufficient to effectively execute the ministry’s wide-ranging mandate, critical to Nigeria’s trade, transport efficiency and food security.

Mr Oyetola while defending the ministry’s budget before a joint sitting of the Senate Committee on Marine Transport and the House of Representatives committees on Ports and Harbours; Maritime Safety, Education and Administration; Shipping Services; Inland Waterways; and Ocean and Fisheries, said the proposed budget, which comprises N8.24 billion for capital expenditure, N453.86 million for overheads and N1.81 billion for personnel costs, would only sustain minimal operational continuity rather than deliver meaningful reforms or sectoral growth.

The minister explained that the ministry oversees interconnected subsectors, including ports, shipping, inland waterways, fisheries and aquaculture, which collectively handle over 90 per cent of Nigeria’s international trade by volume, national food and nutrition security, and economic competitiveness.

He noted that while agencies such as the Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA) and Nigerian Shippers’ Council (NSC) were self-funding and made significant remittances to the Consolidated Revenue Fund, their operations were being severely constrained by excessive deductions at source by the Office of the Accountant-General of the Federation.

According to him, these deductions had weakened liquidity and reduced the operational flexibility of key agencies responsible for maritime safety, port efficiency and regulatory oversight, with far-reaching consequences including port congestion, higher logistics costs, delayed cargo movement, revenue losses and inflationary pressures.

He stressed that what appeared to be an accounting issue had become a national economic concern.

Mr Oyetola also said that the 2026 budget of the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) was wrongly placed by the Budget Office under the Federal Ministry of Transportation, even though it is an agency under the Federal Ministry of Marine and Blue Economy, saying the misalignment undermined clarity in oversight and policy coherence within the maritime logistics value chain.

On inland waterways, the Minister appealed for increased funding to curb accidents and loss of lives. He said water transport is globally recognised as significantly cheaper than road transport.

He noted that Nigeria’s heavy reliance on road haulage for over 80 per cent of freight movement had worsened road deterioration and increased the cost of goods, arguing that safer and more efficient inland waterways would ease pressure on roads and lower logistics costs.

On fisheries and aquaculture, Oyetola said Nigeria’s annual fish demand of over 3.6 million metric tonnes far exceeded domestic production of about 1.4 million metric tonnes, sustaining imports valued at more than one billion dollars annually.

He added that post-harvest losses of up to 30 per cent further reduced supply, despite fish being one of the most affordable sourNiger.

“As long as we hinder official trade, individuals will resort to informal channels. Currently, we estimate that up to 50 per cent of our domestic areas have resorted to illegal trade, while only about 30 per cent is conducted legally, which is detrimental to our security.”

He pointed out that “this situation is beneficial for the economies of both countries. It will positively impact our maritime sector, as we expect an increase in transit cargo passing through our ports to Niger, resulting in economic activities for our investors in the maritime industry.

“Additionally, this development will benefit Nigerians in border communities, many of whom are engaged in farming and other economic activities, providing them with opportunities to export goods to Niger.”

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Gaya Rallies APC Support for Governor Abba Yusuf

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Abdullahi Mahmud Gaya

By Abba Dukawa

The independent non-executive director of the Nigeria Sovereign Investment Authority (NSIA), Mr Abdullahi Mahmud Gaya, has called on members of the All Progressives Congress (APC) and key stakeholders in Ajingi, Gaya, and Albasu Local Government Areas of Kano State to close ranks and give their full support to the state governor, Mr Abba Kabir Yusuf.

Mr Gaya described the governor’s defection to the ruling party as a bold and strategic move that reflects his deep commitment to the development and progress of Kano State, noting that APC members and stakeholders in the areas warmly welcomed the governor into the party, alongside elected and appointed officials, party leaders, and other critical stakeholders.

He made this statement during a meeting with APC leaders and stakeholders from the three local government areas, held at his office in the state capital.

According to him, the governor’s courageous decision will strengthen Kano State’s influence at the national level and open new opportunities for economic growth, improved welfare, and greater prosperity for the people.

He also urged party members to take ownership of the democratic process by ensuring they collect their APC membership cards and Permanent Voter Cards (PVCs).

In a show of solidarity and goodwill, Mr Gaya donated N6 million to party members and stakeholders during the meeting as Ramadan support.

Speaking at the gathering, a former Secretary to the State Government and Wazirin Gaya, Usman Alhaji, called on party members to intensify efforts toward strengthening the APC in the area. He said the party’s growing numerical strength in Ajingi, Gaya, and Albasu Local Government Areas already positions it as the party to beat.

Also addressing the meeting, elder statesman and senior stakeholder, Mr Uba Muhammad Danbayye, noted that the party members now recognizes the difference between a mere candidate and a true politician, saying based on Mr Gaya’s leadership style and strong relationship with the people, stakeholders have unanimously resolved to support him and will not field another candidate for the House of Representatives in the upcoming election.

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