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  •  10 000 Nigerian households embrace new utilities App due for launch Aug 3
    10,000 Nigerian households embrace new utilities App, due for launch Aug. 3
     10 000 Nigerian households embrace new utilities App due for launch Aug 3
    10,000 Nigerian households embrace new utilities App, due for launch Aug. 3
    General news2 weeks ago

    10,000 Nigerian households embrace new utilities App, due for launch Aug. 3

    Ten thousand Nigerian homes have embraced an App developed by a Nigerian software developer to facilitate efficient use of household utilities.

    Unveiling the App, known as “Cydene Express’’ at a ceremony in Lagos on Monday, the developer, Mr Skalid Obi, said the App was developed to help teeming Nigerian households and companies to pay for and track use of utilities.

    Obi, who is also the Chief Executive Officer of Cydene Energy Services Ltd., said the App would also help Nigerians to make efficient use of utilities.

    He said that the App would be presented formally to Nigerians on Aug. 3 in Lagos, describing the invention as a major breakthrough in the quest by people to track their use of utilities.

    According to him, the app will be used to access electricity, cooking gas, diesel, call credit and other related utility bills.

    He explained that users of the App would exploit utilities from the comfort of their homes.

    The software developer said that he developed the App, following an industry experience he gained while working as an intern in Exxon Mobil and at the Strategy Department in Techno Oil Ltd., Lagos.

    “The experience helped me immensely in understanding the Nigerian business environment and how to provide engineering solutions to some teething problems.

    “At Techno Oil, I handled dealer’s agreements from station management to product allocations.

    “I quickly realised that the process of product supply is structured in all parts of the supply chain, except to the very end user.

    “The challenge for consumers was their inability to know when and how they would track their daily needs and services as and when needed.

    He said: “I decided that if I could automate the process of purchasing and distributing energy products on a retail level, then I would have solved a huge part of the problem faced by consumers’’.

    Obi said that industry experience had also played a big role in his floating and nurturing a data sciences company, known as Cydene Data Solutions.

    He said the company provided solutions on various energy needs, including diesel supplies, cooking gas, energy tokens and other household needs.

    According to him, with Cydene Express App, one can order cooking gas, fuel, diesel, airtime credit and electricity tokens from the comfort of your home.

    The entrepreneur said that the idea was to create an energy wallet that would serve all household’s energy needs, including taking advantage of energy merchants around you.

    Obi recalled that his interest in the development of IT solutions started a long time ago after his high school, saying that he felt humbled to have contributed to the growth of the Nigerian economy.

    Also speaking at the event, a non-Executive Director of Cydene Energy Services, Mr Sam Ochonwa, said that the App, which leverages on Artificial Intelligence would help to ease the stress of Nigerians using its tracking facilities.

    Ochonwa said that the App was a major contribution in supporting the initiative of the Federal Government to ease the daily stress plaguing citizens.

    A News Agency of Nigeria  correspondent at the unveiling of the App reports that Cydene Express is a socially inclusive payment platform.

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    NewsSourceCredit: NAN

  •  Kwara ready for census NPC Director
    Kwara ready for census – NPC Director
     Kwara ready for census NPC Director
    Kwara ready for census – NPC Director
    General news2 weeks ago

    Kwara ready for census – NPC Director

    The National Population Commission (NPC), Kwara office, has said that the 16 local government areas in the state are set for the forthcoming census.

    The state Director, NPC, Malam Saheed Adebayo, confirmed the readiness for the exercise while speaking with the News Agency of Nigeria in Ilorin on Monday.

    Adebayo said that the commission had conducted the first and second pre-test exercises in Kwara in preparation for the next population and housing census.

    He further said that the commission just concluded the trial census for the 2023 Population and Housing.

    “The first and second pre-test exercise is to test run all census instruments, including the quality and usefulness of the maps already produced.

    “Also, adequacy of data capture method adopted, logistics arrangements and educational qualification of field functionaries to make sure that everything is ready for the forthcoming census.

    “While the trial census is a dress rehearsal to evaluate all aspects of the census operation before the main census on a limited scale,” he explained  The NPC director recalled that the first pre-test was conducted in May 2021, the second pre-test took place in December 2021, while the trial census began in June and ended in July. He however said that the commission had challenges during the whole exercise, but were rightly addressed with the support of stakeholders of the communities involved.

    Adebayo said that all the enumerators and supervisors employed for the exercise had been relieved of their positions, adding that there will be new selection before the census.

    He thanked the stakeholders and traditional rulers that made the exercise easier and successful, hoping for more cooperation from them during the exercise.

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    NewsSourceCredit: NAN

  •  Gov Sule seeks confirmation of Grand Khadi
    Gov. Sule seeks confirmation of Grand Khadi
     Gov Sule seeks confirmation of Grand Khadi
    Gov. Sule seeks confirmation of Grand Khadi
    General news2 weeks ago

    Gov. Sule seeks confirmation of Grand Khadi

    Gov. Abdullahi Sule of Nasarawa State has submitted the name of Khadi Bahago Abubakar-Agwai 11, to the state legislature for confirmation as Grand Khadi, Sharia Court of Appeal.

    Alhaji Ibrahim Abdullahi, the Speaker of the House of Assembly, announced this while reading the governor’s letter for the confirmation at plenary in Lafia on Monday.

    The speaker however advised the nominee to submit 30 copies of his Curriculum Vitae ( CV) before the end of Monday (Aug. 1) and appear for screening on Aug. 2 at 10 a.

    m. The governor’s letter read in part: “Request for Confirmation of Appointment of Grand Khadi, Sharia Court of Appeal, Nasarawa State.

    “Pursuant to Section 271 (1) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and the powers conferred on me as the Governor, to appoint the Grand Khadi, Sharia Court of Appeal of Nasarawa State.

    “I, Engr. Abdullahi A.

    Sule, Governor of Nasarawa State, acting on the recommendation by the National Judicial Council, do hereby forward the nomination of Hon. Khadi Bahago Abubakar-Agwai 11 for consideration and confirmation of his appointment as the Grand Khadi, Sharia Court of Appeal of Nasarawa State.

    “I look forward to your expeditious consideration.


    NewsSourceCredit: NAN

  •  Nuclear energy Kogi Chinese govts discuss partnership
    Nuclear energy: Kogi, Chinese govts discuss partnership
     Nuclear energy Kogi Chinese govts discuss partnership
    Nuclear energy: Kogi, Chinese govts discuss partnership
    Foreign2 weeks ago

    Nuclear energy: Kogi, Chinese govts discuss partnership

    Mr Cui Jianchun, Ambassador of the People’s Republic of China to Nigeria, says China is keen on exploring viable areas of partnerships with Nigeria, with interest in nuclear energy.

    Cui made this known on Monday in Lokoja when he was received by Gov. Yahaya Bello of Kogi at the Government House, noting that the Kogi is a key state of interest for the partnership.

    He said that his key interest as Ambassador was to facilitate China’s investment and also utilise China’s technology for the benefit of Nigeria and certain states like Kogi. The News Agency of Nigeria reports that Cui was accompanied by a delegation from the China National Nuclear Cooperation (CNNC).

    Cui said he was hopeful that the meeting would birth a historical moment, where the CNNC would be able to establish one of its two Proposed Nuclear Power Plants (NPP) in the state.

    He said that the establishment of a nuclear energy plant would further attract investment to the state, improve its infrastructure, tax revenue, job creation and attract vast social economic developments.

    “China is a leading reference in areas of modern infrastructures amongst the international community.

    “Although Nigeria and China have enjoyed good relationship and have achieved a lot, and states like Kogi could also benefit from China’s vested interest.

    “In the areas of modern infrastructure, Information Communication Technology, industry, investments and opportunities.

    “I am also hopeful that China, which is the world’s largest consumption market, could in the nearest future have a policy where Nigeria, particularly states like Kogi, could export more products into the Chinese market,” Cui said.

    He said that the Embassy would also work towards establishing a department of Nuclear Energy at the Confluence University of Science and Technology, Osara, and other institutions in the state.

    This, the envoy noted, will be part of the Embassy’s plans to nurture local breed in the field.

    Cui also urged the Kogi government to, in a similar vein, encourage and facilitate some of its young engineering talents for exchange programmes in the country.


    NewsSourceCredit: NAN

  •  Unregistered motorcycles will be impounded nationwide FRSC
    Unregistered motorcycles will be impounded nationwide – FRSC
     Unregistered motorcycles will be impounded nationwide FRSC
    Unregistered motorcycles will be impounded nationwide – FRSC
    Defence/Security2 weeks ago

    Unregistered motorcycles will be impounded nationwide – FRSC

    The Acting FRSC Corps Marshal, Mr Dauda Biu, has directed the 37 Sector Commanders across the nation to impound any motorcycle without appropriate registration.

    Biu gave the directive in a statement issued in Abuja on Monday by the Corps Public Education Officer, Mr Bisi Kazeem.

    “All unregistered motorcycles are to be impounded.

    The owners are required to complete full registration of the motorcycles before they are released.

    “Operatives may not issue notice of offence ticket to the operators.

    All impounded motorbikes must be fully documented, however,’’ he added.

    The FRSC boss said the directive became necessary following increasing number of unregistered motorcycles plying the roads.

    According to him, there is also need for all motorcycles to be duly captured in the National Vehicle Identification Scheme database.

    He noted that the directive would help to curb insecurity if all captured motorcycles are in the national database.

    Biu urged sector commanders to immediately liaise with the Boards of Internal Revenue in their respective states to set up a taskforce on the issue.

    He directed that the impounding of errant motorcycles should be done jointly with the police, the Vehicle Inspection Office and other stakeholders for effective enforcement.


    NewsSourceCredit: NAN

  •  Experts want leaders with integrity to inspire youth
    Experts want leaders with integrity to inspire youth
     Experts want leaders with integrity to inspire youth
    Experts want leaders with integrity to inspire youth
    General news2 weeks ago

    Experts want leaders with integrity to inspire youth

    Panelists at a book launch in Lagos have called for documentation of achievements of leaders with integrity.

    This, they argued, was necessary to raise a new generation of Nigerians who would lead the nation to greatness through hardwork and honesty.

    The panelists spoke on Monday at the launch of a book written by Mr Babs Omotowa, former Managing of Nigeria LNG Ltd (NLNG) tittled “From Storeroom to Boardroom”.

    Drawn  oil and gas experts, three of them are also authors.

    Mr Austin Avuru, the Founder and Executive Chairman of AA Holdings, one of the panelists, said that lack of lack of corporate governance structure was a reason for demise of several businesses in Nigeria.

    He said that this was because young people did not have books from which to learn how to grow enterprises to last generations.

    Another, Dr Phillip Mshelbila, Managing Director and Chief Executive Officer of Nigeria Liquefied Natural Gas (NLNG) Ltd, spoke on Omotowa’s tenacity.

    He enumerated reforms brought into the NLNG by Omotowa due to his resilience and tenacity.

    Mshelbila said the author left solid foundation for continuity in the local content drive in the firm.

    He, and other panelists, enumerated  interventions of the author and other interactions that qualified him as role model whom the younger generation must emulate.

    Other panelists include Dr Godswill Ihetu, former Managing Director, NLNG, and Mr Tonye Cole, Co-founder and former Group Executive Director of Sahara Group.

    Also among them were Mr Isah Inuwa, a retiree of the NLNG and Dr Waziri Adio, former Executive Secretary of Nigeria Extractive Transparency Initiative (NEITI), who joined virtually.

    The panelists said the nation needed role models who could point the way of how intergrity and courage could shape global businesses.

    They called for value re-orientatation in the nation while reeling out success stories of  Omotowa who rose from the lowest cadre of his career to the pinnacle.

    The panelists said he rose through hard work, courage and integrity while shunning corruption.

    They also shared their thoughts on how to resolve issues in the oil and gas industry, the Niger Delta issues as well as the steps to adopt towards energy transition.

    Mr Aderemi Makanjuola, Chairman of Caverton Offshore Support Group Plc, giving a goodwill message, said the author gave selfless service.

    He said that the younger generations needed this to correct negative perceptions about Nigeria while building lasting legacies.

    Makanjuola said mentorship was important to raise upright leaders.

    According to him, the younger generation cannot be”coerced”, hence, the need for real role models.

    The Chairman, Governing Board, Nigerian University of Technology and Management.

    (NUTM), Dr Okechukwu Enelamah, was one of the book reviewers.

    He said the book, listed on Amazon, presented a good context for the nation’s youths to courageously pursue entrepreneurship goals with honestly.

    The reviewer described the book as an easy read that had great potential for global readership.

    Enelamah said it contains several leadership lessons loaded with personal examples of Omotowa’s courage to surmount opposition to do things right.

    He said the book documented step by step journey of the author from his humble background in Ile Ife.The reviewer said it touched on the role of parents in inculcating the right values which helped  Omotowa excel without compromising.

    He said chapter two of the book is “quite empowering” and teaches how to prioritise goals, while not ignoring the power of sacrifices.

    Enelamah said the book was “illuminating” on how the author handled employees without losing focus on integrity.

    He said it revealed how the author adopted courage to remain incorruptible in the face of opposition in his journey from the”Storeroom to Boardroom”.

    Another reviewer, Donu Kogbara, a columnist with the Vanguard Newspaper, commended the author for capturing his personal flaws and mistakes in the book.

    She said that he did not pretend to be a saint or super human to conceal his errors.

    Kogbara said he did not mince words in his fight against corruption, describing the book’s launch as timely.

    She said that this was because young people did not have adequate books on best practices.

    Speaking with journalists, Omotowa urged parents to inculcate the right values in their children early in life.

    The author said that this would teach them contentment to make them incorruptible.

    He said that the values of hard work, courage and integrity he picked up early in his life from his parents helped him to bring transformation in his career path from the bottom to top.

    The Minister of Information and Culture, Alhaji Lai Mohammed, was represented at the event by a Director, Mrs Amao Ayobami.


    NewsSourceCredit: NAN

  •  Atiku Abubakar seeks increased collaboration between Nigeria and UK
    Atiku Abubakar seeks increased collaboration between Nigeria and UK
     Atiku Abubakar seeks increased collaboration between Nigeria and UK
    Atiku Abubakar seeks increased collaboration between Nigeria and UK
    General news2 weeks ago

    Atiku Abubakar seeks increased collaboration between Nigeria and UK

    Presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar has called for increased collaboration between the UK and Nigeria on issues of mutual benefits.

    He made the call on Monday in Abuja when he hosted a delegation of the British High Commission in Nigeria, led by the High Commissioner, Catriona Laing at his residence.

    Abubakar in a statement he personally signed said the meeting discussed a wide range of issues bordering on security, education, agriculture, economy and how to foster national unity in Nigeria.

    “Bilateral ties between Nigeria and the United Kingdom have a rich history and it is important for both countries to leverage on that to promote issues that are of mutual concern.

    “I expect the UK to play a more active role for the survival of democracy in Nigeria,’’ he stated.

    Abubakar thanked the delegation and expressed confidence that the 2023 presidential election in Nigeria would be free and fair.

    He, however decried the state of insecurity in Nigeria, and solicited the assistance of the UK, especially in the area of training and intelligence sharing.

    On the economy, Abubakar said that if given the opportunity, he would, among other things, abolish multiple exchange rate regimes and reduce tax to encourage genuine manufacturers and promote real investments.

    He also promised to boost agriculture to create employment for the country’s teeming population.

    The PDP presidential hopeful expressed concern over the lingering strike by ASUU and the rot in the educational sector generally.

    He promised to carry out reforms in the education sector, including the reinvigoration of financial loan schemes to Nigerian students.

    Abubakar quoted the High Commissioner as saying that the meeting was part of the on-going engagement of the UK government to enhance democracy and credible elections in Nigeria.


    NewsSourceCredit: NAN

  •  Police in Kano arrest man 30 friend over 500 packets of Tramadol
    Police in Kano arrest man, 30, friend over 500 packets of Tramadol
     Police in Kano arrest man 30 friend over 500 packets of Tramadol
    Police in Kano arrest man, 30, friend over 500 packets of Tramadol
    Defence/Security2 weeks ago

    Police in Kano arrest man, 30, friend over 500 packets of Tramadol

    Police in Kano State have arrested a 30-year-old man with 500 packets of tablets suspected to be tramadol.

    Police spokesman, SP Abdullahi Haruna-Kiyawa, stated on Monday that a `stop-and-search’ team of the police found the suspected illicit drugs in the suspect’s car on Ahmadu Bello way, Kano. “The suspect was driving the unregistered white Honda Accord, 2016 model when he was stopped for a search.

    “Upon investigation, he said the car belonged to a friend, also resident in Kano. “The friend requested him to hand over the car to a third person in another part of Kano, he claimed.

    “The friend was subsequently arrested and he admitted ownership of the car which he said he used to transport the tramadol from Onitsha, Anambra, for sale in Kano,’’ SP Haruna-Kiyawa stated.

    Police investigations continue, he added.


    NewsSourceCredit: NAN

  •  Aiteo Cup Heartland face rivals Enugu Rangers
    Aiteo Cup: Heartland face rivals Enugu Rangers
     Aiteo Cup Heartland face rivals Enugu Rangers
    Aiteo Cup: Heartland face rivals Enugu Rangers
    General news2 weeks ago

    Aiteo Cup: Heartland face rivals Enugu Rangers

    An oriental derby is on the cards in the 2022 Aiteo Federation Cup as Rangers square up against Heartland in one of the competition’s Round of 32 Men’s fixtures.

    The News Agency of Nigeria reports that the Rangers International FC, Enugu versus Heartland FC, Owerri game will hold on Aug. 3 at Samuel Ogbemudia Stadium.

    Benin.

    Kickoff is 4.00 p.

    m.

    Rangers have the bragging over their rival going into the derby clash, after handing Heartland a back-to-back defeat at the just-concluded Nigeria Professional Football League (NPFL).

    The Flying Antelopes are looking for redemption after their push for a continental ticket in the NPFL failed to see the light of the day.

    They will therefore take this game as a make-or-break affair, as they intend to end their campaign with a trophy in their cabinet.

    NAN also reports that Rangers last won the oldest club competition in the country in 2018. In another round of 32 fixtures, two NPFL giants are set to clash as Niger Tornadoes brace up against Enyimba International of Aba in Ijebu Ode. The Ikon Allah Boys do battle against the Elephants, the most successful team in the NPFL in what promises to be a cracking game.

    However, on recent form, Niger Tornadoes will feel they can nick this one after holding Enyimba to a 1-1 draw in Aba, before edging the reverse fixture at home 2-1 in the 20212022 NPFL season.

    ROUND OF 32 FIXTURES (MEN) Bayelsa United Vs Green Beret– Enugu – (030822) – 2 00 p.

    m. Enyimba International Vs Niger Tornadoes– Ijebu-Ode – (030822) – 4.00 p.

    m. Doma United Vs Lobi Stars– Jos – (030822) – 4.00 p.

    m. Akure City Academy Vs Bendel Insurance Feeders– Nnewi – (030822) – 4.00 p.

    m. Rangers Int’l Vs Heartland FC– Benin City – (030822) – 4.00 p.

    m. Sunshine Stars Vs Rovers FC– Aba – (030822) – 4.00 p.

    m. Cynosure FC Vs Katsina United– Makurdi – (030822) – 4.00 p.

    m. Remo Stars Vs Akwa United– Enugu – (030822) – 4.00 p.

    m. Kogi United Vs Kanta United– Minna – (030822) – 4.00 p.

    m. DMD FC Vs Housing Corporation – Abuja – (030822) – 4.00 p.

    m. Zamfara United Vs Kano Pillars – Kaduna – (030822) – 2.00 p.

    m. Fulfill FC Vs El-Kanemi Warriors– Gombe – (030822) – 4.00 p.

    m. Kwara United Vs Wikki Tourists– Abuja – (030822) – 4pm Bendel Insurance Vs Ottasolo FC– Ilorin – (030822) – 4.00 p.

    m. Sokoto United Vs Nasarawa United– Kaduna – (030822) – 4.00 p.

    m. .

    Dakkada FC already qualified for Round of 16 ROUND OF 16 FIXTURES (WOMEN) Bayelsa Queens Vs Niger Amazons – 040822 – 4.00 p.

    m. (Venue TBD) Abruka Queens Vs Abia Angels – Benin City – 040822 – 4 00 p.

    m. Naija Ratels Vs Nasarawa Amazons – Jos – 040822 – 4.00 p.

    m. Immaculate Queens Vs Confluence Queens – Makurdi – 040822 – 4.00 p.

    m. Honey Badgers Vs Delta Queens – Owerri – 040822 – 4.00 p.

    m. Heartland Queens Vs Dannaz Ladies – Warri – 040822 – 4.00 p.

    m. Osun Babes Vs Royal Queens – Abuja – 040822 – 4.00 p.

    m. Edo Queens Vs Awka Robo Queens – 040822 – 4.00 p.

    m. (Venue TBD).


    NewsSourceCredit: NAN

  •  Addressing mortgage financing hitch key to housing delivery Fashola
    Addressing mortgage financing hitch, key to housing delivery – Fashola
     Addressing mortgage financing hitch key to housing delivery Fashola
    Addressing mortgage financing hitch, key to housing delivery – Fashola
    General news2 weeks ago

    Addressing mortgage financing hitch, key to housing delivery – Fashola

    The Minister of Works and Housing, Mr Babatunde Fashola, says addressing the issue of access to mortgage financing is the panacea to housing delivery challenge in the country.

    Fashola said this at the opening of the Retreat of the Federal Mortgage Bank of Nigeria (FMBN) on Monday, in Abuja.

    The retreat is with the theme: ”Strategy Repositing for Optimised Performance, Organisational Culture Change and Informal Sector Integration’’.

    According to him, one of the obstacles of access to housing is the one that impedes access to finance, and this must be removed.

    “If we fail to remove this impediment, then we will be failing in the reason for setting up the bank.

    “There must be something done to help people pays their rents via their salaries, especially the problem of two-three years rent payment demand by landlords in advance from tenants whose salaries come in arrears,’’ Fashola said.

    He, therefore, advised the bank to collaborate with the Nigeria Deposit Insurance Corporation contributors’ fund like other commercial banks do.

    Fashola added that this would go a long way to finance the mortgage of contributors since there was nowhere in the world that government does 100 per cent housing financing.

    While commending the bank’s board and management for the services rendered such as home refurbishment loans and introduction of the rent to own initiative, he charged them to focus the retreat on better ways to serve the people.

    Fashola said that performance and repositioning were key to setting up the bank to provide housing services to the people.

    On his part, Mr Ayodeji Gbeleyi, Chairman, Board of Directors, FMBN called for the review of both the FMBN and National Housing Fund (NHF) Acts to incorporate increment in the bank’s share capital.

    “Give more flexibility in determining share capital structure in line with emerging realities.

    There is the case to amend the NHF Act to increase the accretion of contributors to the funds through percentage increase in contributions.

    “Source diversification, adoption of initiatives to attract banks and insurance companies and other prospective contributors to participate actively in the NHF scheme.

    “The Land Use Act has no specifics provisions for the foreclosure of mortgages and this poses a challenge for investors, as mortgages can take undue advantage of the gap to delay the foreclosure process.

    Gbeleyi said to close the gap, states should be encouraged to put in place foreclosure laws through their States Houses of Assembly, adding that only Lagos and Kaduna states had enacted their foreclosure laws.

    In his address, Mr Madu Hamman, Managing Director, FMBN said the need to re-focus the direction of the bank was driven by the need to re-align its strategic targets in the light of prevailing economic, financial and social realities.

    Also to re-configure the strategy document to incorporate the vision and focus of the bank’s new leadership in implementing Mr President’s mandate for affordable housing delivery to Nigerians especially those in the low and middle income brackets.

    “Our collective vision for FMBN in the future is a financially viable and highly adaptive bank capable of adequately coping with the vagrancies of a world transiting, from a volatile, uncertain, complex and ambiguous environment.

    “To a brittle, anxious, non-linear and incomprehensible environment as a result of the COVID-19 pandemic and other emergence and unfolding factors.

    “To this end, the bank’s strategy document must become the tool for managing a constantly shifting environment as well as one for identifying and utilising opportunities that such challenges may present,” he said.

    Hamman said FMBN had therefore adapted “to be the preferred mortgage institution providing reliable and affordable access to homeownership for Nigerian’’ as its corporate vision.

    He said that this vision was guided by the mission statement“ to drive the delivery of accessible and affordable homeownership by providing sustainable liquidity, innovative products and services and excellent customer service’’.

    Also speaking, Mr Ebilate Mac-Yoroki, President, Mortgage Banking Association of Nigeria (MBAN), said it was imperative for FMBN as one of the virile secondary mortgage market institutions to reposition itself to harness its full potential.

    Mac-Yoroki said that the bank should taking cognizance of the current economic realities in the country into consideration while trying to reposition.

    ”A Board retreat such as this will be ideal to challenge the status quo, tackle difficult issues and forge a camaraderie for the overall benefit of the entire sub-sector.

    “The five-year strategy blueprint being articulated by the management demonstrates its commitment toward housing financing in Nigeria.

    “In view of the critical importance of the housing financing banking sub-sector to national economic development through its linkages with the money and capital markets and its multiplier effects through spending on housing related materials,” he said.

    In a paper presented by the Managing Director, Bank of Industry, Mr Olukayode Pitan, on `Institutional Turnaround for the Next Level’ advocated continuity in the management of the banks.

    According to him, lack of continuity in the persons that manage the affairs of the banks is a major setback for the growth and development of the bank.

    Pitan called on the bank to have a strategy informed ambition with clearly articulated and properly defined steps in order to achieve set goals.

    He also advised the bank to go for long term borrowing especially from pension funds and be ready to implement any decision collectively agreed upon.

    The News Agency of Nigeria reports that some of the highlights include, health talk on `Mental Health Epidemic: The Big Effect of COVID-19 by Dr Olusola Ephraim-Oluwanuga, Consultant Psychiatrist.

    She advised people to get professional help when they could not manage stress.

    NAN also reports that the high point of the event was the official launch of FMBN Corporate Statements by the minister.


    NewsSourceCredit: NAN