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CareerLife Empowers Career Women To Re-enter Workplace

CareerLife Empowers Career Women To Re-enter Workplace

CareerLife Nigeria, a well-known non-governmental organization dedicated to supporting career success, has announced the completion of the second batch of its career moms mentorship program.

According to a release, the program is especially intended to help mothers who took time off from their careers to raise children and are having trouble reentering the workforce.

Yewande Jinadu, the founder of CareerLife Nigeria, stated that many women have a terrible time trying to get back to work after having children and frequently give up on their careers completely.

After going through these difficulties after the birth of my first child, I made the decision to start this program to give women the crucial support network they required to regain control of their professions.

She claimed that during the organization’s most recent 10-week mentorship program, participants actively participated in insightful conversations about overcoming stereotypes and barriers at work, challenging limiting beliefs, navigating office politics skillfully, avoiding common job search pitfalls, and prioritizing overall well-being as women.

Throughout its run, the program promoted transformative conversations by concentrating on issues that were empowering.

She emphasized that the Career Moms program placed a strong emphasis on participant development and progress, which raised members’ visibility on professional networking sites.

In expressing her gratitude, one of the workshop participants said, “Through the program, I regained my enthusiasm for reading and writing.”

“I updated my CV using the detailed template provided, which resulted in two invitations to interviews in less than two weeks. Despite turning down a job offer because of unfavorable terms, my confidence has grown immensely. I am now confident in my ability, she further said.

Another participant, who also expressed her renewed tenacity, said, “I continually remind myself to keep focused on my goals regardless of the current conditions, I am not defined by a break in my career.”

The organization’s efforts to give Nigerian adolescents essential employable skills and combat unemployment while adhering to Sustainable Development Goal 8 included this transformative program, which was one of those attempts.

The organization promised to keep creating and carrying out different events and programs.

To Spur Prosperity, FG Must Invest In Young People, Says Akinwummi

Dearth Of Climate Finance Flows Choking Africa – AfDB Chief

Akinwumi Adesina, president of the African Development Bank, has encouraged the federal government to stop funding youth empowerment initiatives and instead make long-term investments in the country’s youth.

This was spoken by Akinwummi at Bola Tinubu’s inaugural speech in Abuja, Nigeria. “Nigeria needs to develop a youth-based economy, We need to stop implementing so-called youth empowerment initiatives”, he said.

He continued saying,”Youths don’t need free stuff. Investments are required. The present financial systems refuse to lend to young people and never will. Even when they use a palliative approach, special funds are neither systemic nor sustainable”.

“What is required to unleash the entrepreneurship of the youth in Nigeria are brand new financial ecosystems that understand, value, promote, and provide financial instruments and platforms for nurturing youth business ventures at scale”.

The head of the AfDB also revealed that the $618 million I-DICE program to foster digital and creative businesses had been launched by the continental bank in collaboration with Agence Francaise de Developpement and the Islamic Development Bank.

He claimed that the scheme would boost Nigeria’s economy by $6.3 billion and generate six million new jobs.

In order to design and assist the establishment of young entrepreneurship investment banks, the bank was now “working with Central Banks and countries,” Akinwummi continued.

In order to create and implement new financial services and products for young people’s businesses and initiatives, these new financial institutions will be led by specialists and bankers who are youthful, professional, and extremely capable.

“Several African nations intend to establish investment banks for young entrepreneurs. Nigeria ought to set up an investment bank for young businesses. Nigeria’s main asset is not its natural resources, it is its human capital” he stated.

“In a fast digitizing global economy, we must spend extensively in human capital to develop the capabilities Nigeria needs to be globally competitive. The development of abilities in ICT and computer coding, as well as in science, technology, engineering, and math (STEM), as well as other areas, must be accelerated. These fields will shape the employment of the future”, he continued.

Universal Insurance Pays N472 Million As Compensation To Damaged Grocery Store

Universal Insurance Pays N472 Million As Compensation To Damaged Grocery Store

According to Universal Insurance Plc, it paid N471.5 million in compensation to Next Cash and Carry, a grocery store in the Federal Capital Territory that was damaged by fire in December 2021 and burned to the ground.

The insurer, which recently received the Independent Newspaper Awards ceremony’s “Insurance Brand of the Year Award 2022,” said in a statement that it had stayed faithful to the subject of promptly paying policyholders’ claims.

It was recalled that the business compensated policyholders who experienced losses between 2015 and 2020 with N1.2 billion in claims.

According to the breakdown of the compensation paid, the company paid claims totaling N1.2 billion across nine insurance classes in 2016, N111.1 million, N330.3 million, N334.2 million, and N338.2 million.

Dr. Benedict Ujoatuonu, the firm’s managing director and chief executive officer, stated that the organization’s dedication to satisfying its clients was non-negotiable while discussing the claims profile of the company.

He stated, “We realize the value of speedy claims payment, and we remain consistent in our drive to deliver on our commitments to our esteemed clients.

The insurer said that in order to provide insurance accessibility throughout the nation, it had increased its presence in Lagos in the meantime.

“Expanding our market is our primary strategy for business growth this year,” he declared. We have added offices in Lekki and Apapa as part of this plan.

Universal Insurance, a non-life insurance firm, with a N12.3 billion asset base, 16 billion fully paid shares, and a N8 billion issued share capital. More than N9.7 billion is in the company’s shareholders fund.

Obi Urges Followers To Remain Peaceful, Lawful

June 12: Nigerians Deserve Good Leadership - Obi

The presidential candidate of the Labour Party (LP), Peter Obi urged his followers and Nigerians in general to remain peaceful and law-abiding ahead of Bola Tinubu’s inauguration as president.

Obi, who made the appeal in the early hours of Monday, revealed that nefarious plans are being developed against him and his followers in the coming months, with efforts being made to tarnish his reputation.

The former Anambra State governor stated that calumny efforts are being refined in order to slander his character and undermine his hard-earned integrity.

Obi stated in the early hours of Monday that “the schemes will aim to degrade our support base and confuse the public.” No malevolent campaign, however, would change the essence of my character or weaken my patriotic dedication to a better Nigeria.”

He said, “For all Nigerians, this is a time for deep reflection. It is also a time to re-examine our assumptions, even as we reaffirm our hopes. Let us calmly review our aspirations, in order to recalibrate our expectations and pin down the causes of our missed opportunities and disappointments.

“We stand at that critical moment in time when, as a people, we must collectively come to grips with the reality of our injured destiny as well as the reasons for that injury. It is for us to reassess our plight as a young democracy and identify clear pathways to a better and greater future for us all.

“As we await the verdict of the election tribunal, I urge all Nigerians to use this opportunity to renew their commitment to the Nigerian ideal. That ideal remains noble and worth every sacrifice we can make.

“Nigeria remains our only patrimony and it is a patrimony we must protect, rather than violate. We have no other nation but this, so let us remain committed to rescuing and rebuilding it.

“The judiciary is part of the democratic enterprise and a critical governance tool for determining the propriety of the decisions and actions of every citizen and every institution of state. To that extent, and for that reason, I urge everyone to treat it with the respect and dignity it deserves.

“We expect that the Nigerian judiciary will use the election cases now before it to reaffirm its independence and integrity. It has to do so, for all our sakes and for itself.

“Nigerians must, therefore, remain peaceful and law abiding. No matter the depth of anyone’s reservations about what is going on in the polity today, no matter the real and imagined provocations, and no matter the disagreement out there, we should remember that this will not last forever.

“I remain committed, and untiring, in my determination to work with like-minded fellow Nigerians to end the curse of missed opportunities and squandered hope that has become our lot here.

“I will never shrink from that original commitment, because I firmly believe that we must change from the present politics of criminality, and corruption, in order to make a new Nigeria possible.

“I call on fellow Nigerians, especially the youths to remain steadfast, calm, patient, and peaceful. Our journey may be long and difficult but it is worth it in every way. Victory is assured.

“We have to work together to move our beautiful country from corruption and criminality to a center of productivity rather than aimless consumption.

“I am aware of some evil designs being hatched against me and my supporters in the coming months. Efforts will be made to taint my image. Campaigns of calumny are being perfected to defame my character and diminish my hard-earned integrity.

“These schemes will aim at degrading our support base and confusing the public. But, no evil campaign will alter the substance of my character; nor diminish my patriotic commitment to a better Nigeria. It is about the future of our youths. it is about ending the Years of Locust.

” In all of this, I thank Nigerians, our great party (LP) and the media. The latter, as the Fourth Estate of the realm, has remained a trusted ally.

“This Estate must continue to guide our people on the immense promise of a future in a new Nigeria.

“God bless Nigeria and protect the troops keeping us safe in this season of vaulting insecurity. Long live the Federal Republic of Nigeria.”

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Police Clears Rumour About IGP’s Termination

Police Clears Rumour About IGP's Termination

The Nigeria Police on Monday warned the public to ignore “false news making the rounds on social media alleging the sack of the Inspector-General of Police (IGP), Usman Alkali Baba by a Federal High Court in Awka.”

According to Muyiwa Adejobi, the force’s public relations officer, “the said judgment is subject to appeal, and the alleged news is thus false, unfounded, and perceived to be the handiwork of mischief makers.”

“IGP Alkali was appointed in a letter-number SGF.20/S.6/83 dated 30th Nov 2021 for a 4-year tenure and his stay in office is within the purview of his appointment.

“It is imperative to note that the Federal High Court sitting in Abuja, on Tuesday, February 21, 2023, dismissed a suit that sought to compel the Inspector-General of Police, IGP, Usman Alkali Baba, to vacate his office on March 1, 2023.

“The Federal High Court, in the judgment delivered by Justice J. K. Omotosho, held that going by the provision of Section 7 (6) of the Police Act, 2020, anyone appointed as the IGP has a statutorily recognized four-year tenure.

“It described the IGP’s four-year tenure as sacrosanct, stressing that his retirement as the IGP had nothing to do with age or years of service.

“It is pertinent to state that maintaining the four-year period for individuals appointed as IGP is being institutionalized by the provisions of the law, not on personal grounds to favour an individual, but for the general betterment of the Nigeria Police Force.

“Consequently, members of the public are on this notice advised to ignore the false news making the rounds on social media. IGP Usman Alkali Baba remains the Inspector-General of Police and is duty-bound to execute the responsibilities of the office in accordance with extant laws.

“Meanwhile, the Nigeria Police reaffirms the commitment of the Inspector-General of Police to the improvement of policing services within the country as well as the entrenchment of professionalism and community-oriented policing.”

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CBN: Reps Raise FG’s Borrowing Limit To 15%

CBN: Reps Raise FG's Borrowing Limit To 15%

The House of Representatives (Reps) revised the Central Bank of Nigeria (CBN) Act to increase the apex bank’s lending limit to the federal government from 5% to 15%.

The amendment was passed during a special session of the legislature conducted on Sunday.

It comes amid popular anxiety about why the National Assembly would approve President Muhammadu Buhari’s request for ways and means advances, given that the 23.1 trillion naira request exceeded the CBN’s 5 percent lending cap.

The lawmakers believe the change will allow the government to meet its current and future obligations in the Ways and Means Committee’s approval of the Ways and Means.

The bill was passed by the House just 24 hours after the Senate passed it in a similar extraordinary session.

The House, like the Senate, altered the 2023 supplementary budget to allow for its implementation until December 31, 2023.

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FG Spent $894m to Service Foreign Debts, Says CBN

CBN Approves Reduction In Banks' CRR

Data released by the Central Bank of Nigeria (CBN) has revealed that the federal government spent $894 million to service foreign debt obligations from January to April 2023.

The export and international payment data released over the weekend showed that the federal government spent $ 112.35 million in January 2023, $288.5 million in February, $400.5 million in March, and a significant service of $92.8 million for the month of April.

However, the data revealed also that total direct remittances for the first four months of 2023 were $451.61 million.

Further breakdown showed that in January, $79.2 million was recorded, and in February, $83.76 million was recorded, while in March, $138.6 million was recorded, and in April. $159.04 million was recorded.

However, the World Bank had disclosed that money sent home by Nigerians who live abroad is projected to hit $20.9 billion in 2022, with analysts citing the ‘Naira-4-dollar’ scheme and talent exodus as major factors behind the expected increase in remittances.

According to the World Bank’s Migration and Development Brief report, remittance flow to Nigeria grew by an estimated 8.85 per cent in 2022 from $19.2 billion in 2021.

Africa’s biggest economy saw its diaspora remittances plunge to $17.2 billion in 2020 amid the fallout of the COVID-19 pandemic from $25.3 billion in the previous year.

“Nigeria witnessed a sharp recovery in flows during 2021 (13.2 per cent), maintaining the improved momentum of 2021 into the first quarter of 2022,” the report said.

It however stated that the remittance growth fell in Q2 to 0.5 per cent, compared to the same period in 2021.

“Moreover, the country is reaping little benefit from the surge in crude oil prices, while the expatriate community faces real income losses in the United States, the United Kingdom and the Euro Area,” the report further said.

Canada To Fasten Temporary, Permanent Visa Process

Canada To Fasten Temporary, Permanent Visa Process

Canada has announced more expedited Temporary Residence Visa (TRV) processing and more thoughtful application procedures.

In a statement, Minister of Immigration, Refugees, and Citizenship Sean Fraser stated that the new approach will allow families to be together sooner while their permanent residence is being finalized.

He stated that in the future, the majority of these applications will be processed within 30 days, and applicants will benefit from processing methods tailored to their special situation as spouses and dependents.

The Minister stated that numerous applications have already been completed using these new technologies, with an approval rate of 93%.

“Family reunification through immigration is not only a matter of compassion; it is a fundamental pillar of Canadian society. Today’s announcement is a mandate commitment to help build inclusive and resilient communities.

“We are supporting Canadians and newcomers by reuniting families faster, and also allowing them to work and support themselves more quickly once they’re here.

“By doing so, Canada is helping newcomers achieve their true potential, while also strengthening Canada’s economy and social fabric,” Fraser said.

Additionally, spousal applicants and other open work permit holders whose licenses expire between August 1 and the end of 2023 will be able to renew their work permits for an additional 18 months.

According to the statement, a comparable option was recently made available to many people with expired post-graduate employment permits.

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BREAKING: Tinubu, Shettima Officially Sworn-in

BREAKING: Tinubu, Shettima Officially Sworn-in

President-elect Bola Tinubu and Vice President-elect, Kashim Shettima have both been sworn in as President and Vice President of Nigeria, respectively.

The Oath of Office was administered by the Chief Justice of Nigeria, Kayode Ariwoola, on Monday, May 29, 2023.

Tinubu, a former Senator and governor of Lagos State was declared the winner of the February 2023 presidential election by the Independent National Electoral Commission.

The candidate of the All Progressives Congress polled a total of 8,794,726 votes to defeat his closest rival of the Peoples Democratic Party, Atiku Abubakar, who polled a total of 6,984,520 votes in the election while Peter Obi of the Labour Party came third in the election with a total of 6,101,533 votes and Rabiu Kwankwaso of the NNPP came fourth with 1,496,687 votes.

Details later…

Dollar To Naira Exchange Rate Today (Mon. May 29, 2023)

Dollar To Naira Exchange Rate For 8th Dec 2023

Dollar to naira, on Monday, May 29, 2023, opened at (undisclosed) at the Investors & Exporters FX window ( I&E FX Window), where the currencies officially trade.

According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed).

This would mean that the Nigerian currency either gained or lose in value against the United States dollar, as the foreign exchange (forex) trading closed at N460.96 per $1 on Thursday, May 25.

How much is the dollar to naira at the black market today?

Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to naira last traded ₦769 in the black market in the state.

It is, however, pertinent to note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in forex to approach their respective banks

Top 7 Articles That Will Make Me Rank On Google Search Engine

There are a few crucial elements that can increase your chances of ranking well on Google’s search engine, yet there is no surefire method. High-quality content, pertinent keywords, effective on-page SEO, user experience, backlinks, and other elements are among them.

Here are seven resources that might assist you in comprehending and putting into practice successful Google ranking strategies:

“The Beginner’s Guide to SEO”

This comprehensive guide by Moz covers the fundamentals of search engine optimization (SEO) and provides actionable tips to improve your website’s visibility on Google.

“Keyword Research: The Definitive Guide”

Backlinko’s guide focuses on finding the right keywords for your content, helping you understand user intent and optimize your pages accordingly.

“On-Page SEO: Anatomy of a Perfectly Optimized Page”

This article by Neil Patel delves into the key elements of on-page SEO, such as title tags, meta descriptions, header tags, and keyword placement, to help you optimize your content effectively.

“The Ultimate Guide to Link Building”

Link building is a crucial aspect of SEO. This guide from Search Engine Journal explores various link-building strategies and tactics to help you acquire high-quality backlinks and improve your search rankings.

“Mobile SEO: The Definitive Guide”

With the increasing prevalence of mobile devices, optimizing your website for mobile users is essential. This guide by Yoast explains the importance of mobile SEO and provides actionable techniques to enhance your site’s mobile experience.

“How to Create High-Quality Content”

High-quality, engaging content is vital for attracting both readers and search engines. HubSpot’s article provides insights and practical tips on creating valuable content that resonates with your target audience.

“Website Speed Optimization: How to Improve Page Load Times”

Google considers website speed as a ranking factor. This guide from Ahrefs outlines strategies to optimize your website’s loading speed, resulting in improved user experience and search rankings.

Always keep in mind that there are several aspects involved in ranking on Google, therefore it’s critical to modify your tactics in light of the most recent best practices and algorithm adjustments. Keeping your website visible in search engine results requires ongoing study and being current with SEO changes.

Buhari’s Farewell Speech (FULL TEXT)

Buhari’s Farewell Speech (FULL TEXT)
  1. My fellow Nigerian brothers, sisters and friends of Nigeria. 

2. I address you today, in my last assignment as a democratically elected President of our great and well-endowed nation, with a deep sense of gratitude to God, a great deal of appreciation to the Nigerian people and a modest sense of fulfilment. 

3. Today we mark and celebrate another peaceful transition of power from one elected government to another in our steady march to improve and sustain Nigeria’s democracy. 

4. This year we witnessed the most keenly contested Presidential Elections since the first Republic and this demonstrates that our democracy is getting better and more entrenched with each election. 

5. We must as a nation improve and sustain gains we make in the electoral process, on an incremental basis for Nigeria to take its rightful place among Nations. 

6. Our democracy provides for, allows and encourages seeking redress for perceived injustices, enabling some candidates and political parties that did not agree with the results to go to court. 

7. Irrespective of the outcome of the various cases, I urge all parties involved to accept the decision of our courts and join hands to build a better Nigeria. 

8. I salute the doggedness and resilience of all the Presidential Candidates and their political parties for believing in our judicial system by taking their grievances with the election results to court. 

9. In the course of the campaigns, we had argued and disagreed on how to make Nigeria better but we never disagreed or had any doubts that Nigeria has to be better. 

10. As your President, I call on all of us to bring to bear the strength of our individualism, the power of our unity, the convictions of our beliefs to make Nigeria work better and together with one spirit and one purpose. 

11. To my brother, friend and fellow worker in the political terrain for the past ten years – Asiwaju Bola Ahmed Tinubu -, I congratulate you on the realisation of your dream, which was propelled by a burning passion to put Nigeria amongst the leading nations of the world.  

12. You have indeed worked for this day and God has crowned your efforts. I have no doubt that your passion for excellence, reliance on competence, fairness in relationships, commitment to equity, loyalty to the country and desire for Nigeria to be globally relevant would come through for you, under God’s guidance, as you lead our country to levels higher that I am leaving.   

13. You are the best candidate among all the contestants and Nigerians have chosen well. 

14. The last eight years have been an exciting experience in my desire and commitment to see a Nigeria in which public goods and services are available, and accessible within a united, peaceful and secure nation. 

15. Fellow Nigerians, on the strength of your overwhelming support for me and my political party, I started this journey with a great deal of promise and expectation from you. I never intended to be just politically correct but to do the correct things that will make meaningful impact on the lives of the common Nigerian. 

16. This high expectation was not misplaced because, like the ordinary Nigerian, I had grown tired of watching the country progressively moving away from the path of correctness. 

17. To ensure that our democracy remains resilient and our elected representatives remain accountable to the people, I am leaving behind an electoral process which guarantees that votes count, results are credible, elections are fair and transparent and the influence of money in politics reduced to the barest minimum. And Nigerians can elect leaders of their choice. 

18. We are already seeing the outcome of this process as it provided an even playing field where persons without any political God-Father or access to money defeated other well-resourced candidates. 

19. The Nigerian economy has become more resilient due to the various strategies put in place to ensure that our economy remained afloat during cases of global economic downturns. Related News

20. You would all recall the supply chain disruptions and economic downturn that the world witnessed between 2020 and 2022 as a result of the COVID-19 pandemic. The deftness of our response to the pandemic still remains a global best practice. 

21. Furthermore, we increased the ability of the poor and rural Nigerians to earn a living, provided more food for millions in our villages and gave our women opportunities to earn a living. 

22. Young men and women in urban centres were also supported to put their skills into productive use. Our administration also provided an enabling environment for the private sector to engage in businesses for which their return on investments is guaranteed. 

23. The private sector proved a strong partner in our drive to build a resilient and sustainable economy as evidenced by the growing number of turn-key projects in various sectors of the economy. 

24. In the course of revamping the economy, we made some difficult choices, most of which yielded the desired results. Some of the measures led to temporary pain and suffering for which I sincerely apologised to my fellow countrymen, but the measures were taken for the over-all good of the country. 

25. Mindful of the need to ensure adequate infrastructure to drive economic growth, we completed age-long projects and processes notably amongst which are the Petroleum Industry Act, completion of some power projects, completion of the second Niger bridge and various important roads linking cities and states. 

26. Our battle to ensure that all Nigerians live in a safe and secure environment has achieved considerable results. As I complete my term in office, we have been able to reduce the incidences of banditry, terrorism, armed robbery and other criminal activities considerably. 

27. To sustain the gains made so far, I call on all Nigerians to be more vigilant and support the security agencies by ensuring that our values defined by being your brothers’ keeper govern our actions. 

28. Up-till now, I still grieve for our children still in captivity, mourn with parents, friends and relatives of all those that lost loved ones in the days of the senseless brigandage and carnage. For all those under unlawful captivity our Security Agencies are working round the clock to secure their release unharmed. 

29. Fellow Nigerians, you know how dear the desire in my heart is, to rid the country of corrupt practices that had consistently diminished our efforts to be a great country. 

30. I did pursue this commitment relentlessly, in spite of the expected push back. I am happy that considerable progress had been made in repatriating huge sums of money back to the country and also taken over properties illegally acquired from our common wealth. 

31. To improve service delivery, we began the implementation of a number of reforms aimed at producing an Efficient, Productive, Incorruptible and Citizen-oriented (EPIC) Federal Civil Service and the results are beginning to show. 

32. On the international scene, Nigeria’s influence continues to grow as exemplified by notable Nigerians occupying headship and leadership positions in renowned global bodies. 

33. Our democracy is built on and continues to thrive on the principles of separation of powers. The leadership and members of the National Assembly deserve my appreciation for their patriotism which did not detract from their roles as a check to the executive arm.

34. I also want to use this opportunity to express my appreciation to a good number of Nigerians who provided their support and encouragement to help me navigate the exciting journey in moving Nigeria forward. 

35. I cannot and will not forget the millions who prayed for me during my illness in my first term of office. I am constantly praying for you and for Nigeria to thrive in peace.

36. As I retire home to Daura, Katsina State, I feel fulfilled that we have started the Nigeria Re-Birth by taking the initial critical steps and I am convinced the in-coming administration will quicken the pace of this walk to see a Nigeria that fulfils its destiny to be a great nation. 

37. I am confident that I am leaving office with Nigeria better in 2023 than in 2015. 

38. I thank you all. And may God Bless the Federal Republic of Nigeria.

BREAKING: Buhari Apologises To Nigerians For Pain His Policies Caused

Buhari Compares 'Leading Nigeria To A Difficult Task'

President Muhammadu Buhari, on Sunday, May 28, 2023, apologised for the impacts of his economic policies on Nigerians.

The president, in his farewell broadcast, said the decisions were for the benefit of the country.

Buhari noted that some of his policies caused “temporary pain and suffering” to Nigerians.

He stressed, “some of the decisions were difficult choices, the measures were taken for the overall good of the country.”

“In the course of revamping the economy, we made some difficult choices, most of which yielded the desired results.

“Some of the measures led to temporary pain and suffering for which I sincerely apologise to my fellow countrymen, but the measures were taken for the overall good of the country,” he explained.

‘Fuel Subsidy Favours Only The Rich’ – AfDB President

'Fuel Subsidy Favours Only The Rich' - AfDB President

Dr. Akinwumi Adesina, President of the African Development Bank, has criticized the Federal Government’s (FG) gasoline subsidy policy, claiming that it solely favors the wealthy.

On Saturday, at the presidential inaugural lecture in Abuja, Adesina stated that the continuing payment to subsidize petroleum goods is hurting the Nigerian economy.

According to him, gasoline subsidies alone will cost Africa’s most populous country $10 billion in 2022.

He explained that Nigeria continues to borrow for purposes that should not be borrowed for, urging that such funds be directed toward national development.

“The place to start therefore is to remove the inefficient fuel subsidy. Nigeria’s fuel subsidies benefit the rich, not the poor, fuelling theirs and the government’s endless fleet of cars at the expense of the poor,” Adesina stated.

“Estimates show that the poorest 40 per cent of the population consume just three per cent of petrol.

“Fuel subsidies are killing the Nigerian economy, costing the economy of Nigeria $10 billion in 2022. That means that Nigeria is borrowing what it doesn’t have to borrow.”

Rather than spending billions of dollars on crude oil, the AfDB president urged the federal government to encourage private-sector refineries and modular refineries for efficiency and competitiveness.

According to him, the action is vital to reduce the price of petroleum goods at the pump.

He praised President Muhammadu Buhari’s administration for recently commissioning the Dangote Refinery in Lagos, claiming the initiative will transform Nigeria’s economy.

Adesina also praised Africa’s richest man, Aliko Dangote, for spending $19 billion in the country’s refineries.

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‘No Plan To Islamize Nigeria’ – Shettima

'No Plan To Islamize Nigeria' - Shettima

Senator Kashim Shettima, the Vice President-elect, addressed fears on Saturday that he and his principle, Bola Tinubu, have an agenda to Islamize Nigeria.

Since Tinubu named Shettima as his running mate last year, several organisations and individuals have expressed differing opinions, with some claiming that the ruling All Progressives Congress (APC)’s Muslim-Muslim ticket is a plan to Islamize Nigeria.

Speaking during a lecture in Abuja as part of the ceremonies leading up to Tinubu’s inauguration on May 29, the incoming Vice President allayed such anxieties, claiming there was no plan to Islamize Africa’s most populous country.

Tinubu, according to Shettima, is a Muslim who is married to a Christian and pastor of the Redeemed Christian Church of God.

“I was a child of necessity, there is no Islamisation agenda. Asiwaju Bola Ahmed Tinubu is a Muslim who is married to a Christian, not only a Christian but a pastor in the Redeemed Christian Church of God.

“Someone who has not Islamised his family, people are alluding that he has the intention to Islamise the nation,” he added.

The Vice President-elect said that he chose an Igbo man of Catholic faith as his Chief Security Officer on purpose.

A Northerner was also chosen as his security aide, and he stated that his decision was based on togetherness and inclusivity.

“Politics is about perception. As we begin the formation of a new administration, I deliberately picked an Igbo man, a Catholic, to be my Chief Security Officer,” he stated.

“For the purpose of inclusivity and togetherness, again I deliberately picked a Northern Christian to be my ADC. So the so-called founder of Boko Haram is going to be protected by…”

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Buhari To Deliver Farewell Speech On Sunday

Buhari To Deliver Farewell Speech On Sunday

President Muhammadu Buhari will deliver his farewell address to the country on Sunday, according to Special Adviser to the President on Media and Publicity Femi Adesina.

The show will begin at 7 a.m., according to a statement issued by the media aide on Saturday.

“President Muhammadu Buhari will make a farewell broadcast as President, Commander-in-Chief of the Armed Forces on Sunday, May 28, at 7 am,” the statement reads.

“Television, radio stations and other electronic media outlets are enjoined to hook up to the network services of the Nigerian Television Authority and Radio Nigeria for the broadcast,” the statement added.

The special address comes ahead of President-elect Bola Tinubu and Vice President-elect Kashim Shettima’s inauguration in Abuja on Monday.

Buhari was elected Nigeria’s president in 2015, ending the People’s Democratic Party’s (16-year) reign.

He was re-elected for a second term in 2019 and will give over control to President-elect Bola Tinubu on May 29.

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MoMo PSB Partners MTN Foundation To Educate Female Entrepreneurs

L-R; Edward Fagbohun, Manager, Sustainability and Impact Reporting, MTN Foundation; Odunayo Sanya, Executive Secretary, MTN Foundation; Mary Otor-Uwua, MTN Y’ellopreneur; Nkiru Oguadinma, Group Chief Operating Officer, RedSlate Group and Elsa Muzzolini, Chief Operating Officer, MoMo PSB, at the MoMo-Y’ellopreneur forum in Lagos.
L-R; Edward Fagbohun, Manager, Sustainability and Impact Reporting, MTN Foundation; Odunayo Sanya, Executive Secretary, MTN Foundation; Mary Otor-Uwua, MTN Y’ellopreneur; Nkiru Oguadinma, Group Chief Operating Officer, RedSlate Group and Elsa Muzzolini, Chief Operating Officer, MoMo PSB, at the MoMo-Y’ellopreneur forum in Lagos.

MoMo PSB on Friday, May 19, 2023 organized a forum in partnership with MTN Foundation’s Y’ellopreneurs, at the Lagos Continental hotel Lagos. The forum had female business owners, MoMo agents and industry experts in attendance.

It also included a fireside chat with MTN Foundation Executive Secretary, Odunayo Sanya, Group Chief Operating Officer RedSlate Group, Nkiru Oguadinma, and the Chief Operating Officer, MoMo PSB Elsa Muzzolini, to discuss the theme “Unlocking Business growth through Digital Platforms”.

Odunayo Sanya highlighted the importance of data as a key component to improve business growth through digital platforms. She encouraged all business owners present to pay attention to numbers. “It is possible to have all the social and digital platforms for your business and still find it difficult to grow; however, when you have data at your disposal, you can easily deliver value and make critical business decisions,” she added.

Also speaking on how entrepreneurs can leverage digital platforms, Nkiru Oguadinma encouraged participants to understand how different digital platforms work and how each of the platforms can be leveraged to help grow their businesses. She stated that “It is important as business owners to have a digital mindset as well as a growth mindset. The digital space is a level playing ground for everybody and there are a lot of opportunities for everyone there.”

The MoMo – Y’ellopreneur forum is part of the line-up of activities to celebrate the one-year anniversary of MoMo PSB’s launch in Nigeria. Some other activities include the MoMo Trade fair which will run from 26 – 27 May 2023, and refer and win promo for MoMo customers, which will run from May 15, 2023 to July 10, 2023.

Since the launch of MoMo PSB in May 2022, fintech has recorded over sixteen million active wallet users, with a transaction volume of over 70 million.

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Lagos Govt Declares May 29 ‘Work-free Day’

LASG Declares Monday Public Holiday For Public Servants

The Lagos State Government has proclaimed Monday, May 29th as a work-free day for state employees in order for them to attend Governor Babajide Sanwo-Olu’s inauguration for a second term.

This was stated in a circular sent by Hakeem Muri-Okunola, the Lagos State Head of Service.

“To this end, please note that Monday, 29th May 2023 would be observed as a Work Free Day to ensure the participation of the State’s Public Servants at the Inauguration Ceremony,” the circular partly read.

“Accordingly, Permanent Secretaries/Heads of Parastatals/Extra-Ministerial Agencies and Directors Administration and Human Resource are to mobilize Officers to attend the event which is scheduled to commence at 9.00 am at the Tafawa Balewa Square, Onikan, Lagos.”

FG Declares Public Holiday

Ahead of the inauguration of Bola Tinubu as Nigeria’s president, the Federal Government (FG) has proclaimed Monday, May 29th a national holiday.

According to a statement by the Permanent Secretary of the Ministry of Interior, Dr. Shuaib Belgore, the proclamation was made in Abuja on behalf of the Federal Government by the Minister of Interior, Ogbeni Rauf Aregbesola.

The Minister welcomed all Nigerians on “the momentous occasion, commending them for their faith in democracy, as expressed in the nationwide election that produced the President and his Deputy being inaugurated, and indeed in all elections across the nation.”

He urged them to continue to support and develop democracy by upholding all democratic institutions and adhering to the rule of law.

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FG Declares May 29 ‘Public Holiday’

FG Declares May 29 'Public Holiday'

Ahead of the inauguration of Bola Tinubu as Nigeria’s president, the Federal Government (FG) has proclaimed Monday, May 29th a national holiday.

According to a statement by the Permanent Secretary of the Ministry of Interior, Dr. Shuaib Belgore, the proclamation was made in Abuja on behalf of the Federal Government by the Minister of Interior, Ogbeni Rauf Aregbesola.

The Minister welcomed all Nigerians on “the momentous occasion, commending them for their faith in democracy, as expressed in the nationwide election that produced the President and his Deputy being inaugurated, and indeed in all elections across the nation.”

He urged them to continue to support and develop democracy by upholding all democratic institutions and adhering to the rule of law.

“Democracy anywhere is an unfinished business and the only way it can keep developing and serve its end of being the vehicle to good governance and the welfare of all the people is by adhering to its tenets of rule of law, support for democratic institutions, promotion of free and responsible press and advancement of the frontiers of freedom for all the people”, the Minister said.

Aregbesola urged Nigerians to continue to promote ideas of peaceful coexistence and love for our neighbors, stressing that only in a peaceful atmosphere can we practice democracy and reap its benefits.

Since 1999, Nigerians have worked tirelessly to achieve continuous civilian governance and successful government changes, according to the Minister.

He urged them to support and collaborate with the next administration, stressing that the unbridled energy of the people is the nation’s greatest asset and will propel the country to its pinnacle when it is positively utilized in its service.

The Minister urged Nigerians to avoid violence and other heinous crimes, telling them that with all hands on deck, the nation will achieve greatness in all sectors of human development.

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‘The Beginning Of Our Administration May Not Be Smooth’ – Shettima

'The Beginning Of Our Administration May Not Be Smooth' - Shettima

Kashim Shettima, the Vice President-elect, has stated that the government of his principle, Bola Tinubu, may not get off to a good start.

Tinubu and Shettima will be sworn in on Monday, signaling the end of outgoing President Muhammadu Buhari’s administration after two four-year mandates.

Shettima told Nigerians that Tinubu will hit the ground running in an address delivered on Friday at the 2023 Presidential Inauguration Public Lecture at the National Mosque in Abuja.

“The starting point might not be rosy, let me be very honest with you. The oil subsidy has become an albatross around our necks. The multiple exchange rates system is a drain on the national economy and creates a dual economic system,” he said.

There are certain decisions that the new administration will take, but in the fullness of time, Nigerians will come not only to appreciate but also to celebrate us,” Shettima said.

According to incoming Vice-President, the future administration will not have the luxury of time because the nation’s difficulties are “humongous.”

“As the Chinese will say, ‘The worst curse that a Chinese man may wish on you is for you to live in interesting times.’ And indeed, we are living in interesting times. But rest assured that in the fullness of time, Nigerians will come to pay glowing tributes to Asiwaju Bola Ahmed Tinubu,” he said.

The Vice President-elect described power as the “most ephemeral” of God’s gifts to humans, arguing that a person’s ancestry does not determine who they are.

“We’re here — we’re leaders — not because of our intellect. Neither Kashim Shettima nor Asiwaju Bola Ahmed Tinubu holds any PhD degree. We are what we are not because of our physical powers. We are what we are, not because of our political sagacity. There are better politicians.

“Power, to us, will be a humbling experience. It’s an opportunity to serve God and humanity. And whether we accept it or not, we are going to spend more years of our lives outside power than in power,” he said.

Shettima characterized Tinubu as a selfless leader who would “do justice” to all Nigerians, regardless of political affiliations, religious beliefs, ethnic or sectional roots.

“We’re all united by our common heritage of poverty, destitution and insecurity. This is the time for all of us to coalesce into a single force,” he added.

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