Connect with us

News

Ex-Gabon’s President Seeks Nigerian Govt’s Support For Telecoms Sector

Published

on

A former President of Gabon, Prof. Ali Bongo,yesterday emphasised the need for government’s support and deregulation to ensure the survival of the Nigerian telecoms sector.
Bongo made the observation at the Lagos Business School Breakfast Session which had the theme, “Telecom Sector: The Fulcrum for Economic Dynamism in Nigeria.”
He highlighted the sector’s growth potential, citing its 8 per cent outperformance of Gross Domestic Product (GDP) growth rate between 2019 and 2023 in Nigeria.
While examining the telecom sector’s critical role in Nigeria’s economic growth and development, the former president urged the government to provide support and create an enabling environment for the sector’s growth.
He warned that as the sector continued to face numerous challenges, its decline could have far-reaching consequences on Nigeria’s economic dynamism
Also, the Chief Executive Officer (CEO), Financial Derivatives, Bismarck Rewane, in his keynote address, said that the sector’s decline could have far-reaching consequences for the country’s economic growth and development.
Rewane highlighted the telecom sector’s critical role in driving economic growth, innovation, and productivity across various industries.
The CEO, in his presentation titled, ”Nigerian Economy on the Brink, Adapt or Collapse?” highlighted the sector’s challenges which included rising inflation, high operating costs and limited access to foreign exchange.
He also listed regulatory burdens, multiple taxation, and state and local government extortion as challenges in the sector.
Rewane said that these challenges were threatening the sector’s growth and development, citing MTN’s reported loss in the 2023 financial year.
According to him, the telecom operators’ push for cost-reflective tariffs is deemed necessary due to adverse economic hardships.
‘’The current situation is having a detrimental impact on the sector’s growth and development, such that the revenue potential from telecoms may start falling, leading to a ripple effect on other sectors.
“The Big Push Theory posits that growth in one sector can stimulate growth in others through backward and forward linkages.
“The telecoms sector has both forward and backward linkages to various sectors.
“These linkages to other sectors are vital for economic growth, innovation, and productivity across various industries making it a key enabler and driver of development in modern economies.
“If the telecom industry collapses, all other sectors will follow,” he said.

Continue Reading

News

Let’s Approach Regional Development Issues Differently – Fubara …As S’South Govs Host Fubara To 50th Birthday Celebration 

Published

on

Rivers State Governor, Sir Siminalayi Fubara, has sued for a change in the current approach adopted by South South Governors in their pursuit to achieve holistic regional development and economic prosperity.

 

The governor insisted on de-emphasis in vested individuals’ political interests while looking at the bigger picture of achieving enduring regional integration that will strengthen unity of purpose to change the trajectory of development in the region.

 

Fubara made the appeal during the meeting of Governors of South-South States, under the auspices of BRACED Commission, at the Bayelsa State Government House in Yanagoa on Tuesday.

 

This was contained in a statement by the Chief Press Secretary to the Governor, Nelson Chukwudi.

 

BRACED is an acronym for Bayelsa, Rivers, Akwa Ibom, Cross River, Edo and Delta.

 

He said: “I want to appeal that if we have to succeed in this drive, we need to keep our political differences aside and understand that the struggle, as at today, is for posterity, for the development of our region.

 

“It is really sad that in Niger Delta that is the economic base of this country, the construction of a road that you tagged ‘East-West Road’ could be an issue, that we need to beg, protest, and complain to get it fixed. I don’t think it is proper.”

 

Governor Fubara stated that it is not that the federal authorities do not understand that Niger Delta needs the road but quickly added that they have seen that even the people of the region do not take themselves seriously.

 

The governor said the moment Niger Delta people stopped playing to the gallery, and place value on themselves, outsiders will have no option than to accord the region and its people due regard.

 

Fubara said: “On my part, I want to say this: This is not the first time we are meeting. For me, I followed the course of the region meeting in a forum that we tagged “BRACED Commission.”

 

“BRACED Commission is also one of the bodies that was constituted at that time to support and work out development strategies for this region. But what I am seeing today is just limiting this meeting to only BRACED COMMISSION.

 

“We need to widen the scope where other leaders of the region should be part of the discussion of the development of the region, and I think this is the direction that will help the region.”

 

Reading the Communique of the meeting, the new Chairman of the Forum of Governors of South-South States, and Governor of Bayelsa State, Senator Douye Diri, said they support the Federal Government Tax Reform Bills, and urged President Bola Tinubu to extend the Value Added Tax (VAT) sharing percentages to oil and gas derivation.

 

He stated the Forum’s request to the Federal Government to urge relevant stakeholders and agencies to extend remediation of polluted environment ongoing in Ogoni land to other impacted communities and States in the region.

 

Governor Diri also said that the Forum resolved to establish a structural regional security network to enhance safety and security, foster stable Niger Delta region conducive for economic growth and prosperity.

 

Highlight of the event was the hosting of Governor Fubara to a surprise 50th Birthday celebration by the Governors of South-South States at the Government House in Yenagoa.

 

 

Continue Reading

News

We’ll Make Fire Service Functional After 12 Yrs, Fubara Assures …Inspects Rehabilitation Works On Three Stations

Published

on

Rivers State Governor, Sir Siminalayi Fubara, has expressed regrets that, for over 12 years, the State-owned Fire Service Stations were left in limbo but assured that the ongoing rehabilitation will be concluded and the stations ready for public use in the first week of March, 2025.

Fubara gave the assurance when he embarked on an inspection tour of the three Fire Service Stations to access the extent of work done with the ongoing remodelling, expansion and reconstruction activities on the sites, yesterday.

The governor visited the fire service stations located beside the Isaac Boro Park/Mile One flyover, Borokiri in the old Port Harcourt Township and Rumuodomaya Community, all in Port Harcourt and Obio/Akpor Local Government Areas.

He explained that with the ongoing work, the three major Fire Service Stations would be put into effective state to provide rapid and quick response to fire incidents in the State.

Fubara said, “For a very long time, we have had this situation that we have to depend on the multi-nationals; Shell, Agip and Chevron and even (Elf) TotalEnergies at that time, including to respond to fire incidents in the State.

“From what we have seen today, we can confirm that the contractor is working very hard to meet the deadline. We must, I repeat, we must commission this project first week in March.”

The governor said it is the responsibility of the government to have such facilities that provide vital social services available to the people to address fire incidence when they occur.

He assured that his administration would reverse the utter neglect such social services had suffered, and ensure that Rivers people, in no distant future, begin to benefit from the stations.

“As a matter of fact, I can boldly say that Rivers State has not had a functional Fire Service for the past 12 years. We are a government, and amongst our responsibilities, is to protect lives and property. Issues of fire incidents could be as a result of some mistakes in our homes.

“So, it is our duty to make sure that we are prepared to combat it whenever it occurs. We are trying to make sure that we do not depend again on the multi-nationals, but be ready and prepared to save lives and property of Rivers people,” he said.

Governor Fubara was accompanied by the former Commissioner for Water Resources, Dr Tamunosisi Gogo-Jaja, and was conducted round the facilities by the Commissioner for Special Duties, Dr Samuel Anya.

 

Continue Reading

News

FG Shops For New Accountant General, Plans Exams, Interviews

Published

on

The Federal Government has initiated the process of appointing a new Accountant General of the Federation and filling vacancies for permanent secretaries in the Federal Civil Service.

A memo from the Office of the Head of Civil Service of the Federation, dated January 24, 2025, and signed by the Permanent Secretary of the Career Management Office, Fatima Mahmoud, outlined the timeline for the process.

The memo was addressed to the Offices of the Secretary to the Government of the Federation, Chief of Staff to the President, ministers, and heads of ministries, departments, and agencies.

President Bola Tinubu had earlier, in December 2024, appointed Babatunde Ogunjimi as the acting Accountant General of the Federation.

The appointment, announced in a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, followed the commencement of pre-retirement leave by the then-incumbent AGF, Dr. Oluwatoyin Madein.

However, Madein returned to her duties after receiving a directive extending her tenure until March 7, 2025.

This development led to the reassignment of the acting AGF, Ogunjimi, who was redeployed to the Public Service Institute of Nigeria as Director of Accounts.

The directive authorising Madein’s continuation was reportedly issued by the Head of Service of the Federation.

According to the spokesperson for the Office of the Accountant General of the Federation, Bawa Mokwa, the directive reinstated Madein to her role as AGF, enabling her to oversee treasury operations until her retirement.

Mokwa clarified that under civil service regulations, embarking on terminal leave is optional, raising questions among staff about the implications of Madein’s reinstatement on Ogunjimi’s prior appointment as acting AGF.

The new memo by the Head of Service noted that accreditation of eligible candidates for the position of OAGF will commence on January 28 and end on February 1, 2025.

“Stage 1: Written Examination for eligible Candidates from North-West Zone and Oyo State on Monday, February 10, 2025.

“Stage 2: Written Examination for eligible Candidates/Directors (Accounts) in the Pool of the Office of the Accountant-General of the Federation on February 11, 2025.”

The memo further noted that further stages will hold on February 12 and 13, respectively and will be in the form of computer-based tests, while the final lap, which is the oral interview, will hold on February 14, 2025.

 

 

 

 

Continue Reading

Trending