Business
CACOVID To Distribute Food Items To 1.7m Vulnerable People
The private sector-led Coalition Against COVID-19 (CACOVID-19) has concluded plans to distribute food items to at least 1.7 million vulnerable people in Nigeria to complement governments’ efforts in cushioning the economic consequences of the coronavirus pandemic in the country.
The Coalition also noted that N25 billion so far has been raised as it has placed order for 250 million test kits to be distributed across the country to boost the testing centres.
The Chief Executive Officer of Aliko Dangote Foundation, ADF, Zouera Youssoufou, disclosed this yesterday at a press briefing in Lagos to intimate the public of what the Coalition headed by Alhaji Aliko Dangote and Group Managing Director, Access Bank Plc, Mr Albert Wigwe, has been doing and about to do in the fight against COVID-19.
She said the CACOVID will continue to step up its complementary efforts toward freeing the nation from the coronavirus pandemic and is already looking at the issue of the post COVID-19.
She said : Following the devastating impact of the pandemic and the limited resources available to the government to tackle the health crisis, the private sector in the Nigeria decided to come together and set up the CACOVID-19 to assist the government to fight the virus.”
The body, which is led by Aliko Dangote, through the Aliko Dangote Foundation(ADF) and Herbert Wigwe of Access Bank, is also backed by Zenith Bank, Guaranty Trust Bank, Central Bank of Nigeria (CBN) , MTN Nigeria , Flourmills Nigeria, Femi Otedola , Tony Elumelu, among others.
Speaking on the Coalition and its activities, Youssoufou said, it is the brainchild of Dangote and Wigwe who had started their separate initiatives to fight the virus but decided to involve more corporate bodies and individuals who are willing to ensure the pandemic is stamped out of the country.
Youssoufou said: “ the past weeks, the coalition has been working on how to better support the government in many areas and is working with the Nigeria Centre for Disease Control(NCDC) on building of isolation centres.
The COCAVID has now decided to distribute food items ranging from rice, garri, beans, noodles etc to reach about I.7 million who are in need. We call upon other Nigerians to join CACOVID in fighting this pandemic so that it will be better for us all.
Commenting as well, Wigwe said : “ CACOVID-19 has equally been working with the Presidential Task Force (PTF) of the Federal Government to ensure that the government is supported to fight the COVID-19. CACOVID has realised about N25 billion and it has spent between N16 to N20 billion procuring various medical needs for the country to fight the pandemic.
In fact, various committees have been set up for better synergy and operations in order to ensure that better results are achieved and the needy gets the food items.”
He said: “Apart from helping to build isolation centres across the country the CACOVID will also assist in the training of medical personnel for speedy testing and procure more testing kits to ensure it is spread across the country.
We want people to go out there for tes,t wherever they are, .Nigerians would be getting regular update on coalition’s activities as we seek for further funds.
We would audit whatever we have gathered and make it public.” Also speaking, the MTN Managing Director, Ferdi Moolman said : The pandemic we are seeing is real. We need to get together as a private to support the country in whatever way possible to tackle the effect of the pandemic .
Continuing, he said: “ It is now that the country has to work and ensure the necessary efforts are made to prevent the situation from worsening, hence the CACOVID-19 is supporting the federal government to achieve this.
“We should help ourselves as quickly as possible and be prepared and ready and let everybody to know that it is real. It involves everybody and it is a fight of our lives. So we must spread the news and tell people what to do and what not to do in the fight against this virus.”
Business
NCDMB Recommits To Youths’ Capacity Building
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola-Ogbe, has reeled out initiatives evolved by the Board in its contribution towards capacity building for youths across the country.
The NCDMB Scribe revealed this recently at the 2024 Practical Nigerian Content (PNC) Youth Forum held in Yenagoa, the Bayelsa State capital.
Tagged “empowering the future: unlocking the opportunities in the Niger Delta oil and gas sector”, the event featured three thematic lecture series delivered by the founder and leader of the Niger Delta Peace Coalition (NDPC), Mr. Zik Gbemre, the Bayelsa State Commissioner for Youths Development, Mr. Alfred Kemepado Nimizigha, and the Chief Executive Officer, PE Energy ltd., Mr Daere Akabo.
Ogbe, who was represented by the Manager, Capacity Building of the Board, Mr. Olugbenga Sheba, noted that the NCDMB has recently partnered the Nigerian Liquified Natural Gas (NLNG) to commence the Nigerian Content Human Capacity Development (NC-HCD) in the oil and gas sector for the training of 331 young graduates.
“As you already know, the NCDMB was established by the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010.
“Our mandate is to develop human capabilities and material capacities in the Nigerian oil and gas industry, and to monitor and enforce compliance with the provisions of the act”, the NCDMB Scribe said.
“The theme for this year’s youth event is ‘Empowering the future: Unlocking the opportunities in the Niger Delta Oil and Gas Sector’. This theme speaks to our determination and ongoing efforts to introduce youths from the Niger Delta to opportunities that abound in the oil and gas industry.
“Few weeks ago, we partnered the NLNG to kick start the Nigerian Content Human Capacity Development (NC-HCD) basic training programme for a total of 331 young graduates. The training covers ICT, Engineering, Welding and Fabrication, Non-destructive Testing (NDT), Lifting and working at Height, Quality Management Systems, Marine and offshore services and Facility Management and Maintenance.
“We also organised training for youths with the Industrial Training Fund (ITF), WalterSmith Petroleum, and other organizations. And as part of the NCDMB’s initiatives in the Niger Delta, we’ve developed two oil and gas parks at Emeyal one in Ogbia Local Government Area of Bayelsa State, and Odukpani in Cross River State”, he added.
By: Ariwera Ibibo-Howells, Yenagoa
Business
FGC, Warri Wins NCDMB, ICPC Maiden Anti-Corruption Schools Debate
The Federal Government College, Warri, Delta State, has won the maiden ‘’Anti-Corruption” debate organised for select Secondary Schools across the six geopolitical zones of the nation by the Nigerian Content Development and Monitoring Board (NCDMB), in partnership with the Independent Corrupt Practices and other related offences Commission (ICPC) at the Content Tower, headquarters of the Board, Yenagoa, Bayelsa State.
The Tide reports that at the debate umpires said following the evaluation from the presentations by the two finalists, Federal Government College, Kazaure, Jigawa State, scored a total of 74.4 points as first runner-up while the Federal Government College, Delta State garnered 76.4 points to emerge winners.
Other schools that participated in the various stages of the debate leading to the finals were Federal Government College, Odi, Bayelsa State; Federal Government College, Okigwe, Imo State; Federal Government College, Ijanikin, Lagos State; Federal Government College, Maiduguri, Borno State; and Federal Government College, Rubochi, Abuja.
The Tide further reports that the theme for the 2024 International Day of Anti-Corruption was, “Effective Whistleblower Protection Mechanism: A Critical Tool in the Fight Against Corruption”, while topic for the debate was, “Impact of integrity on the expansion of public trust and confidence in governance.
Earlier in his keynote address, the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe, restated the Board’s stance against corruption, noting that fighting corruption is a must for the Board.
He reaffirmed his commitment to ideas and programmes geared towards putting an end to corruption within the system, and lauded the Federal Ministry of Education for approving the participation of students in the event.
While commending the ICPC for their support and continuous oversight over the activities of the Anti-Corruption Unit (ACTU) of NCDMB, Ogbe also thanked the anti-graft unit of the Board for putting the event together, noting that they were doing well in their efforts at combating corruption.
“To be clear on what today is about, we’re marking and celebrating International Anti-Corruption Day (IACD), with focus on raising the consciousness of our youths on the ills of corruption and how it stunts the socio-economic development of any Nation.
“This is to send a strong message for extra vigilance by all of us in combating the menace of Corruption from all fronts”, the NCDMB boss said.
By: Ariwera Ibibo-Howells, Yenagoa
Business
Free Meter Distribution: FG Deducts N700bn From Federation Account
The Federal Government has earmarked N700billion from the federation account to implement the distribution of free electricity meters under the Presidential Metering Initiative.
This was disclosdd by the Special Adviser to the Minister of Power on Strategic Communications and Media, Bolaji Tunji.
Tunji, who, in a chat with The Tide’s source noted that the PMI was on course with a target to deliver two million meters yearly, also revealed that the amount reserved for the project had reached N700 billion and procurement had started.
“The Presidential Metering Initiative is still on course. Two million meters every year, delivery of the first batch will start by the first quarter of next year. About N700billion provision has been made, and the money is ready”, he said.
He further revealed that the government would fulfil its promise to deliver 1.3million electricity meters out of the 3.2 million meters under the World Bank Distribution Sector Reform Programme initiative this month, saying that “The DISREP programme will commence this month”.
An analysis of the Federal Account Allocation Committee meeting minutes obtained by our correspondent between April and August showed that the government had saved N420billion from a monthly deduction of N100billion.
The amount deducted from the monthly federation revenue before allocation to the three tiers of government was aimed at bridging the metering gap in the country, which currently stands at 50 per cent.
Recall that N120 billion was deducted from April revenue as the first tranche for the PMI, bringing the amount deducted from the federation account for the initiative as of August to N420billion.
In May, the Minister of Power, Adebayo Adelabu, said the government would provide an initial N75billion as seed capital while the Nigerian Sovereign Investment Authority pledged to inject N250 billion annually for the initiative.
The Minister also disclosed that the initiative would leverage debt financing from diverse financial institutions to bolster the PMI’s resources.
The Managing Director of Abuja Distribution Electricity Distribution Company, Mr. Victor Ojelabi, recently said the PMI would unlock about N1trillion in revenue currently tied up in the Nigerian Electricity Supply Industry due to a large number of unmetered customers.
Under the initiative, the Nigerian Electricity Regulatory Commission announced the approval of N21billion for the 11 electricity Distribution Companies to provide meters for end-use customers at zero cost.
The Distribution Sector Recovery Programme is a comprehensive initiative aimed at addressing the challenges and inefficiencies within Nigeria’s electricity distribution sector.
Recently, the NERC acknowledged that the country’s metering gap remains substantial despite installing 3.03million meters since privatising the power sector in 2013.
It said 6.15 million out of 13.33 million registered customers had been metered, bringing the metering rate to 46.14 per cent in 2024.
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