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Palton Morgan Sponsors Economic Strategy Course for Senior Civil Servants at LBS



Economic Strategy Course

By Modupe Gbadeyanka

Some senior civil servants from Lagos and Ogun States recently took a course on economic capacity development and competitiveness strategy at the Lagos Business School (LBS) Pan-Atlantic University campus, Lekki-Epe Expressway, Lagos.

The course, which was held from March 16 to 18 and themed Enhancing Economic Competitiveness, was sponsored by a leading Nigerian real estate group Palton Morgan with the intention to boost the effectiveness of public sector stakeholders.

The beneficiaries were exposed to global best practices on institutional collaborations, Public-Private Partnership (PPP) dynamics, sustainable competitive advantages and cluster participation mechanisms for inclusive national growth.

The well-attended course had senior government officials and public sector stakeholders in the built sector of the economy, special assistants to governors, permanent secretaries and directors at ministries and heads of MDAs relevant to the real estate sectors of both States as participants.

Chairman of Palton Morgan Holdings, Mr Femi Olubanwo, stated that “although LBS usually has the course curriculum attended by corporate executives across sectors for capacity and economic development, we decided to sponsor this course to enrich those who regulate our sector with current knowledge of economic strategies and the power of synergies so that they also can have a contemporary understanding of where the people they regulate are coming from.”

On the choice of Lagos and Ogun, Mr Olubanwo said both are contiguous but work in silos and that it would be beneficial bringing them together.

“If this initiative goes as we hope, we will find Lagos and Ogun states working together on projects, planning, and development, which will benefit our society and sector. We are delighted to be at the vanguard of making that happen,” he said.

Also commenting on the company’s facilitation of the training, the Non-Executive Director at Palton Morgan, Delphine Misan-Arenyeka, said it was part of its social responsibility to the states it operates in.

“We are building the capacity of senior public servants. Hopefully, it will translate to their subordinates and ultimately result in greater success in policy and regulations.

“We looked at the business of Palton Morgan and the value chain and felt that we can bridge the gap between our stakeholders in the public sector and us. We wanted to stimulate a synergy such that they will understand our language when we go to them for approvals and permits that will enhance development in the sector,” Misan-Arenyeka explained.

On his part, the Group Chief Operating Officer at Palton Morgan, Nidal Turjman, stressed that the real estate giant’s contributions to socio-economic development are extensive.

“We have contributions covering the real estate value chain. It could be from property management, construction, logistics, investment advisory, sales and marketing, etc. These are the first course participants, and at Palton Morgan, we are looking to more contributions from stakeholders in this sector so that we can all contribute to growing the economy of Nigeria,” he stated.

The course beneficiaries, on their part, expressed gratitude for the opportunity provided by Palton Morgan to improve their knowledge and progress in their careers with dynamic and relatable industry resources and comparative trends from across the globe.

They all affirmed the importance of collaboration for both states to maximize their economic strengths whilst integrating their competitiveness. They encouraged Palton Morgan to engage in more partnerships to consolidate on growing the potential of the two states.

Some of the beneficiaries were the Permanent Secretary, Ministry of Physical and Urban Planning, Lagos State, Abiola Kosegbe, her counterpart at the Lagos State Ministry of Housing, Wasiu Akewusola, Director of ICT and Business Development, Ogun State Housing Corporation, Olufunmilayo Sorunke, and Director, Administration and Personnel, Ogun State Property and Investment Company, Taiwo Ogunyoowo.

Speaking, Kosegbe said, “The fact that you have been able to select people from the built environment to be here is saying that Palton Morgan is interested in developing the sector.”

Sorunke said, “I have learned to develop new business strategies and not business as usual.”

It was gathered that the course facilitators were faculty heads in Business, Strategy, and Economic Planning, including Dr Nkemdilim Iheanachor, member of the Strategy Group at LBS; Dr Dolapo Tukumi, Course Organizer; Dr Frank Ojadi, Member, Faculty of Operations Management at LBS and Lead Facilitator & Manager at LBS, Oreva Atanya.

Others were John Uwajumogu, Partner at Ernst & Young Nigeria; George Agu, Founder/CEO, ActiveEdge Technologies Limited and Ife Adedoyin, Senior Executive, Deloitte.

Palton Morgan Holdings is the parent company of PropertyMart Real Estate Investment Company, Grenadines Homes, The Oceanna, and Paltonloitte. The economic capacity development and competitive strategy course is one of its corporate responsibility initiatives and interventions to impact the sector and society.

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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ECOWAS Trade Network Re-elects Nigeria’s Yakusak Ezra as President



Yakusak Ezra

By Adedapo Adesanya

The Executive Director/Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Mr Yakusak Ezra, has been re-elected as the President of ECOWAS Trade Promotion Organisations (TPOs) Network in Accra, Ghana.

With the election, Mr Ezra is to serve another one-year tenure and will lead 15 other member ECOWAS countries in driving trade within the sub-region.

A statement signed by Mr Ndubueze Okeke, Head, Corporate Communications of NEPC said Mr Ezra’s re-election was also in line with Article 11 of the ECOWAS TPO Network.

“The ECOWAS Trade Promotion Organization is a network of all Trade Promotion Organizations in West Africa established by the decisions of the Council of Ministers at the Ordinary Session.

”Nigeria became the pioneer president in April 2021. Dr Ezra became the president following the expiration of the tenure of Mr Awolowo as ED/CEO of NEPC.

”The re-election of Dr Ezra was at the end of 2nd Annual General Meeting of the Network held at Alisa Hotel, Accra, Ghana from 19th – 20th May 2022.

”He was re-elected along with the vice president, Mr Ben Guy Mbangue from Cote’ D’Ivoire.

“The duo constitute the Executive Bureau of the Network and the tenure expires after one year. All members present unanimously re-elected the President and Vice President respectively,” the statement said.

ECOWAS TPO Network is a public-sector led entity and will work in partnership with the ECOWAS commission to drive inclusive trade development initiatives within West Africa and beyond.

The body is part of steps towards building mutual trust and cooperation without borders within the ECOWAS region. As of today, intra-Africa exports only account for about 16 per cent of Africa’s global export, and more specifically intra-ECOWAS trade only accounts for a tenth of ECOWAS countries’ global trade.

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FG Names Anamekwe Nwabuoku as Acting Accountant General



Anamekwe Nwabuoku

By Aduragbemi Omiyale

Mr Anamekwe Nwabuoku has been appointed by the federal government as the acting Accountant General of the Federation (AGF).

The appointment of Mr Nwabuoku followed the suspension of Mr Ahmed Idris from office after the Economic and Financial Crimes Commission (EFCC) arrested him over an alleged N80 billion.

Last Monday, the anti-graft agency apprehended Mr Idris after his failure to honour an invitation extended to him over the matter.

He was taken into the EFCC custody to answer questions about the alleged fraud and to ensure an “unhindered investigation,” the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, asked him to step aside.

This action led to the postponement of the monthly Federal Account Allocation Committee (FAAC) last week as the embattled AGF leads the gathering.

In order not to create a vacuum, the federal government has asked Mr Nwabuoku to head the office in an acting capacity pending the outcome of the probe into the fraud allegation against Mr Idris.

His appointment was confirmed in a letter dated Friday, May 20, 2022, and signed by the Permanent Secretary in the Federal Ministry of Finance, Budget and National Planning, Mr Aliyu Ahmed.

According to the notice, the acting AGF is expected to carry out his duties in strict compliance with extant rules and observe the highest sense of professionalism.

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Semiu Adeniran Becomes Nigeria’s Statistician-General, NBS Chief



Semiu Adeniran Nigeria's statistician-general

By Modupe Gbadeyanka

A professional statistician, Mr Semiu Adeniran, has become the substantive Statistician-General of the Federation and Chief Executive Officer (CEO) of the National Bureau of Statistics (NBS).

The appointment of Mr Adeniran was approved by President Muhammadu Buhari, a statement signed on Friday by Sufuyan Ojeifo, the Special Assistant on Media to the Minister of State for Budget and National Planning, Mr Clem Agba, disclosed.

The new Nigeria’s statistician-general was selected for the job following the death of the former occupier of the position, Mr Harry Simon on April 13, 2022.

According to the statement today, prior to his new appointment, Mr Semiu was the Director of Demographic and Household Statistics at the stats office.

The new NBS CEO has over three decades of statistical hands-on experience garnered from various local and international institutions and has a bias toward Demography and Social Statistics.

It was stated that the appointment is with immediate effect.

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