Connect with us

Featured

Tinubu Seeks Local Solutions To Economic Growth, Unemployment

Published

on

President Bola Tinubu has challenged African political and business leaders to look inwards towards economic and youth unemployment issues.
He made the call at the Tony Elumelu Foundation (TEF) and United Nations Children’s Emergency Fund (UNICEF) Generation Unlimited (GENU) Breakfast Roundtable meeting, a side event at the ongoing United Nations General Assembly (UNGA) in New York yesterday.
The President, who was represented by the Minister of Trade and Industry, Doris Uzoka-Anite, noted that Micro, Small and Medium Enterprises (MSMEs) were the engines of Nigerian and African economic growth, adding that they contributed almost half of national GDP, and more than 80 percent of employment.
“It is a similar story across much of our continent.
Clearly, everything we do to support the growth of SMEs will deliver positive multiplier outcomes on our economies.
“Think about it, if every one of the 40 million MSMEs in Nigeria added just one more job. No combination of large enterprises could possibly produce a similar national impact.
“That is the power of our small and medium businesses and this is why we owe them every support that we can make available.”
Tinubu also seized the opportunity to woo potential investors with promises of right infrastructure provision such as regulations, property rights, access to justice, protection from unfair competition, power, as well as roads to market and ports.
He said: “We can and must provide the right infrastructure: soft infrastructure being regulation, property rights, access to justice, protection from unfair competition, etc, hard infrastructure being power, roads to market and ports.
“We must organise the disorganised SME market, and enable greater organisation and formalisation. We must invest in SMEs. Governments and the private sector have important roles to play in this regard.
“Our investing must be coordinated, targeted, and generous. This is where the example of the Tony Elumelu Foundation is a worthy role model for all.
“We must create and expand pathways for our SMEs to export their products and services and integrate into global value chains.”
The President commended Elumelu for the impact his foundation has had on multiple for young people and SMEs in the country and beyond since 2010.
He said the TEF’s goal “To democratise luck, reduce poverty and scale job creation in Africa,” has been done very successfully, with plenty of testimonials along the way.
“We have stories like Bosun Tijani, one of the young Nigerians in which Mr. Elumelu, through the Elumelu Foundation, invested in early on.
“Bosun founded Co-Creation Hub, a centre of innovation for Nigeria and Africa, and today, a decade later, he is Nigeria’s Honorable Minister of Communications, Innovation and Digital Economy.
“In 2015, TEF established its Entrepreneurship Programme, a $100m commitment to raise 10,000 African entrepreneurs within 10 years. Since then, more than 18,000 African entrepreneurs have been funded, 30 percent of them Nigerians.
“Inspiring stories like that of Chioma Ukonu, whose social enterprise, Recycle Points, is helping create a cleaner planet and now, we are at yet another milestone in the Tony Elumelu Foundation journey, the launch of the Coalition for African Entrepreneurs.
We are rooting for you, and looking forward eagerly to more success stories that will emerge from the TEF portfolio.
“On our part as government, we are collaborating with the private sector to implement programs like the National Talent Export Programme (NATEP), and the Investment in Digital and Creative Enterprises (iDICE), in line with President Bola Ahmed Tinubu’s renewed hope agenda.
“Between these two programmes, and others, we hope to create millions of new jobs and to position Nigeria as a leading global hub for sourcing digital and creative talent, and for exporting their services.
“The future is indeed bright and full of hope, because of all the important work that is being done, with institutions like the Tony Elumelu Foundation showing the way,” said Tinubu.

Featured

I Won’t Allow Spoils Of Office To Change Me – Fubara …As Rivers People Mark Gov’s 50th Birthday With Prayers

Published

on

Rivers State Governor, Sir Siminalayi Fubara, has declared that he will not be drunk with power or allow the associated advantages and benefits that come with holding a lofty position in government to change him.

 

Rather, the governor assured that he will remain committed to his vows made to Rivers people when he got their mandate, to completely put things in place that will transform the State to become what they dreamt it to become.

 

Governor Fubara made the remark when some leaders, elders and critical stakeholders of the State paid him a birthday visit to celebrate him as he attains 50 years at Government House in Port Harcourt on Tuesday morning.

 

The governor, according to a statement by his Chief Press Secretary, Nelson Chukwudi, explained that he had never subscribed to celebrating  birthdays but seeing leaders of the State gather to celebrate him pulled out tears of joy from his eyes.

 

Governor Fubara said: “I want to say that I will still be the Fubara that you know; power will not change me. I will still make sure that what I hold dear in life remains, which is God and my respect for people. I will continue to maintain it.

 

“Power will come, power will go, but I will still remain the Fubara that you know. With your support, that Rivers State that we all yearn for, we will definitely, even if we don’t get it completely, we will put those things in place that will channel and drive us to that Rivers State with your support.”

 

Governor Fubara emphasised: “That is the only thing that I know I can assure you. I will not do anything, act in any manner that will bring disgrace to myself or to everyone of you that have decided and ready to sacrifice everything for us.

 

“This morning is a birthday morning. It is not a morning to discuss politics. It is a morning to say I am happy, I am 50 years, according to you. But the most important thing is: I am celebrating my Golden Jubilee. It means that I have joined the league of the old men from today.”

 

Fubara, on behalf of his wife, Lady Valerie and family, expressed gratitude to God for divine grace, and thanked all the leaders who made sacrifices to be in attendance so early to wish him well.

 

In his remark, former Governor of Rivers State, Sir Celestine Omehia, thanked God for installing Governor Fubara, who has become a deliverer of the State and its people from the hands of those bent on destroying Rivers State.

 

He said, it is, therefore, worthwhile to celebrate such a patient and meticulous leader, loved by all Nigerians on his 50th birthday because he has continued to prioritise the interest of the State and protect it.

 

The former Governor recounted the strength of faith in God that Governor Fubara has demonstrated, enjoyed divine direction in governance, and pledged the continued support of  Rivers people to ensure the success of his administration.

 

In his speech, former National Chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus, said regardless of who a kingmaker is, as soon as the king is crowned, such person must give way to the king to perform his duties but regretted that

the immediate past Governor, who styled himself as kingmaker had continued to do things to distract the king.

 

But Prince Secondus, noted that amidst the brewing crisis, Rivers people, and indeed, Nigerians have come to admire and love the character of steel, fear and total trust in God that Governor Fubara has demonstrated, including forging unity, and inclusivity, which are evidence of his mandate as divine.

 

Highlights of the event were prayers by the clergy for the Governor, his administration and the State; a toast; the cutting of the 50th Birthday cake by the Governor, who was supported by his wife; presentation of gifts to the Governor; rendition of special birthday songs; and a special birthday party organised by the elders and stakeholders to celebrate the Liberator of Rivers people at 50.

 

Later in the morning, members of the State Executive Council; Local Government Council chairmen; Permanent Secretaries; Government House staff; Service Commanders; and many others visited the Governor to wish him a glorious birthday, and presented gifts to celebrate his Golden Jubilee birthday.

 

Continue Reading

Featured

Tinubu Seeks Multifaceted Response To Terrorism, Other Security Threats

Published

on

President Bola Tinubu, on Wednesday called for a multifaceted response to terrorism, insurgency and other forms of security threats in the Lake Chad Basin region.

Tinubu, represented by the Vice-President Kashim Shettima, made the call when he declare open the 5th meeting of the Lake Chad Basin Governors’ Forum in Maiduguri, the Borno capital.

The Tide source reports that the meeting, which was hosted by the Yobe State Government brings together eight Governors from Nigeria, Cameroon, Chad, and the Republic of the Niger.

The event also brings humanitarian organisations, and local and international communities to address pressing security challenges and explore solutions for stability in the region.

The president said the chain of events that disrupted the stability of the region over the past 15 years demands that power must be wielded responsibly to guarantee the safety and prosperity of the people.

The Nigerian leader noted that while military power was necessary to contain the security threats, it must be accompanied by strategies that address their root causes.

This, according to him, in include poverty, inequality, and lack of job opportunities for the region’s young population.

“Your Excellencies, distinguished ladies and gentlemen, our response to these threats must be multifaceted.

“While military solutions are indispensable, they must be complemented by strategies that address the root causes of insecurity – poverty, inequality, and the lack of opportunities for our youth.

“It is a tragic irony that Africa, a continent with the youngest population in the world, sees its youth become cannon fodder for destructive ideologies and the drivers of conflict.

“This is the challenge before us: to transform this demographic dividend into a force for good. Power’s true essence lies not in its possession but in its application.

“Hard power may secure borders, but it is soft power—through diplomacy, culture, and shared values—that builds bridges and binds us together,” he said.

Tinubu said every part of the world was entangled in its own unique security challenges, resulting in the global military gulping “a historic 2.4 trillion dollars in 2023, with no signs of slowing.”

He, however, observed that: “hard power, detached from the moral imperatives of justice and diplomacy, only widens the very divide it seeks to bridge.”

Tinubu told the Lake Chad Basin Governors’ Forum that it was only by sticking to the vision for which the forum was created that pursuing and adopting partnerships that benefit the people could be achieved.

Such partnerships, he said, include the collective commitment to the African Continental Free Trade Area (AfCFTA) and advancing the United Nations’ Sustainable Development Goals.

He noted that the choices made “today will echo through generations, shaping the future of this region.”

He recalled the successes recorded so far in repelling threats to the region’s borders and sovereignty by elements of terror.

The President attributed past victories by member countries to the joint missions they had embarked on.

Tinubu cautioned the governors and other stakeholders against allowing “the geopolitical tensions across the world to sow discord” in the region, and submitting themselves “to become tools in any proxy agenda.

“The salvation of the Lake Chad region is neither in Europe nor in the Americas. It lies in the hands of all those gathered here today.

“You, distinguished representatives of this forum, embody not only our collective will to protect the region but also the transformative potential that stability brings.

“The true enemy remains the non-state actors—those who exploit weak borders, poor governance, and fragile economies to challenge our claim to civilization.

” However, the worst threat we may face is not the insurgents or terrorists at odds with our humanity.

” It is the absence of cooperation, sincerity, and fidelity to our shared pact as brothers’ keepers.

“We undermine this pact when we renege on agreements to secure our borders when misinformation and falsehoods breed mistrust, and when we jeopardize the freedom and choices of our people.”

Earlier, Gov. Mai Mala Buni of Yobe, had said that the forum was an opportunity for states around the Lake Chad Basin region across Nigeria, Niger, Chad, and Cameroon Republics to discuss and reflect on the journey so far.

He noted that as partners in progress, the Yobe Government provided the platform for participants to strengthen contact and collaboration towards ensuring stabilisation, recovery, and resilience across the Lake Chad Basin in the months and years ahead.

Also, Gov. Babagana Zulum of Borno, commended the strategic partners of the forum, saying their contributions have enabled governments of the forum to tackle some of their challenges to strengthen and rebuild the region.

He said the platform was a rallying point for political cohesion, fostering regional interaction, sustaining the socio-economic development of the region, and regional integration.

On his part, Gov. Umaru Fintri of Adamawa, noted that the Basin had passed through the worst environmental moment, leading to the shrinking of the Lake Chad

“The United Nations Environmental Programme has recently revealed that Lake Chad has shrunk 90 per cent in six years and blamed the situation on climate change, irrigation and construction of dams and population increase.”

The Executive Secretary of Lake Chad Basin Commission, Amb. Mamman Nuhu, said the forum’s meeting “serves as a critical platform for fostering dialogue and enhanced collaboration.”

He also said that the meeting reaffirmed the collective commitment to addressing the multifaceted challenges facing the lake chad basin.

He noted that the theme of the meeting reflects the immense progress achieved so far and the equally immense work that needs to be done.

Ms Cynthia Rowe, Development Director for the British High Commission, Nigeria, and Representative of International Support Group, commended the governors of the region.

Rowe stressed that the region had recorded marked improvement in the face of daunting challenges.

She, however, pledged the support of the funding partners to continue in their efforts towards assisting the forum achieve its objectives.

 

Continue Reading

Featured

FG Suspends Max Air Operations For Three Months Over Kano Incident 

Published

on

The Federal Government, through the Nigeria Civil Aviation Authority, has suspended Max Air’s domestic flight operations following a tyre burst incident involving one of its aircraft in Kano on Tuesday night.

The affected Boeing 737-400 aircraft, with registration number 5N-MBD, suffered a tyre burst while landing at Mallam Aminu Kano International Airport at about 10:51 p.m. on 28 January 2025.

Although all 53 passengers on board were evacuated safely, the aircraft was temporarily grounded before the Federal Airports Authority of Nigeria reopened the runway around 8:00 a.m. on Wednesday.

The Nigerian Safety Investigation Bureau has since launched an investigation into the incident — the third involving Max Air in three months.

Confirming the suspension, NCAA’s Director of Public Affairs and Consumer Protection, Michael Achimugu, in a statement released yesterday, stated that the regulatory body would support NSIB’s probe while also conducting its own assessment of the airline.

“It must be stated that the specific cause(s) of this incident can only be established after the NSIB has conducted its investigation,” Achimugu said.

He noted that the NCAA had already been carrying out an organisational risk assessment for all scheduled airlines, including Max Air, before the latest incident.

However, as a result of this incident, Max Air is suspending its domestic flight operations for three months, effective from midnight on 31 January 2025, to allow for an internal review of its operations,” he stated.

During the suspension period, the NCAA will conduct a comprehensive safety and economic audit of the airline.

“The safety audit will involve a re-inspection of Max Air’s organisation, procedures, personnel, and aircraft, as specified by the Nigeria Civil Aviation Regulations,” Achimugu explained.

He added that the economic audit would assess the airline’s financial health to ensure it can sustain safe flight operations.

“The resumption of Max Air’s domestic flights will depend on the satisfactory completion of this audit,” he added.

While acknowledging the potential disruption to passengers, the NCAA reassured the public that safety remained its top priority.

“The NCAA is aware of the inconvenience this action may cause Max Air’s intending passengers. However, the safety and well-being of passengers is paramount. We appeal for patience and understanding while we ensure the protection of passenger rights,” the statement added.

Continue Reading

Trending