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FG Strips NCAA of Aviation Economic Regulations

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Federal government is currently tinkering with the establishment of an autonomous body to be known as Nigerian Aviation Economic Regulatory Unit [NAERU] for economic regulation of the nation’s aviation industry

The latest developments are contained in the new Nigerian Civil Aviation Policy, 2013 released last weekend by Princess Stella Adaeze-Oduah, minister of Aviation, which implied that the Nigeria Civil Aviation Authority has been stripped of the duties.

NAERU is to regulate the economic, commercial and financial practice of the aviation service providers.

Tariff of aviation service providers are to be regulated by the Economic Regulator in accordance with ICAO policy and in consultation with interested stakeholders of the services.

According to the new policy, the new unit is being established so as to minimize the potential misuse of market power by aviation service providers and foster a competitive, efficient and fair commercial environment where passengers receive quality services at reasonable prices.

The autonomous Economic Regulatory Unit however will be supervised by the Minister of Aviation when established.

The objectives of the new unit as stated in the Aviation Policy are to, “Remove leakage and ensure transparency of all financial data required to determine the basis for charges Assess and encourage efficiency and efficacy in the operation of providers Monitor and encourage investments to meet future demand Ensure users views and interest are adequately taken into account.

“Ensure safety and security of operations, development and maintenance of infrastructure, promotion of competition and fair access of users to airport and air navigation services at rates and charges consistent with ICAO policies and guidelines and the NCAP.

The Unit will also “Ensure that all aviation tariffs and charges are in accordance with ICAO policy and guidelines.

Strategically, in pursuance of the above objectives, government will ensure the following: “Put in place necessary machinery to regulate the economics of respective airports and air navigation services and facilitate the establishment of an autonomous Aviation Economic Regulatory Unit”.

Revenues generated by the civil aviation sector are re-invested in this sector in accordance with ICAO’s policies on charges (Doc 9082). Aviation charges are only applied to services rendered and in accordance with ICAO policy and guidelines and international best practices.

Aviation tariffs and charges are to be reviewed from time to time in accordance with the realities in the industry and in consultation with interested stakeholders. All aeronautical charges are to be filed with the Nigerian Aviation

Nigerian Aviation Economic Regulatory Unit will oversee, intervene and mediate in case of predatory pricing/ practices in the interest of the traveling public.

It will also “Put in place adequate rules of competition in Air Transport services and dispute resolution mechanisms that cover third countries and companies whose activities could affect and or distort competition.

Increase market access and allow for competition with all international airports developed as economic hubs in line with the Aerotropolis concept.

Facilitate a single window clearing system for an efficient and quick transit of services.

However, the Nigerian Civil Aviation Authority [NCAA] will continue to charge statutory fees for inspections, certifications, registrations and issuance of Licenses, Certificates, Permits, and Approvals.

Government, according to the document, will continue to provide adequate subventions and budgetary allocations to the NCAA to further enhance its regulatory functions.

The Policy Statement also provided that Government is to encourage Public – Private Partnership in the financing and management of airports and air navigational infrastructural facilities.

This is aimed at providing adequate funding for the development of world- class airports, air navigation, meteorological and training infrastructure facilities that meet ICAO SARPs and all International best practices.

Nevertheless, in pursuit of this objective, the government will accomplish the following: “Encourage commercialization and privatization of airports and air navigation services.

“All Aviation Agencies shall implement innovative financing schemes to modernise their infrastructure and increase capacity.

“All Aviation Agencies to put in place effective cost and revenue accounting system, sound methodology for determining the cost basis for charges, internationally recognized cost recovery policies and effective mechanism for the collection of charges in order to attract private sector partnership and financing in the development and collection of aviation services revenues.

Then, Service Providers should be encouraged to consider the use of pre-funding fees as a means of financing long-term, large-scale investment provided there is effective and transparent economic oversight of user charges and the related provision of services, including performance auditing and benchmarking.


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MTN Nigeria’s Uto Ukpanah Named Global Corporate Secretary of the Year

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MTN Nigeria’s Company Secretary, Uto Ukpanah, is the first ever winner of the “Global Corporate Secretary of the Year” award by the Corporate Secretaries International Association (CSIA). She was honoured with the award at an event on April 23rd, 2024, in Kuala, Lumpur, Malaysia.

The CSIA Global Awards was instituted to recognise the efforts of corporate secretaries and governance professionals that not only impact their organizations but also international platforms. Of the three main award categories- Global Corporate Secretary of the Year, Rising Corporate Secretary of the Year and Governance Professional of the Year, Uto was awarded the Global Corporate Secretary of the Year for her hard work, diligence and professionalism by a distinguished jury of expert practitioners and thought leaders in the corporate governance field.

Karl Toriola, Chief Executive Officer, MTN Nigeria congratulating her on the recognition said, “At MTN, we understand the critical role strong governance plays in driving sustainable growth and fostering trust among stakeholders. Uto’s exemplary leadership underscores our commitment to upholding the highest standards of integrity and transparency. We are proud of Uto’s commitment to corporate governance. She deserves the recognition.”

Ukpanah, the pioneer winner of this award has worked with MTN Nigeria for over 18 years. She is a corporate lawyer with extensive experience in company and commercial law. Her contributions in developing sustainable corporate governance structures in the private, public and not-for-profit sectors have been instrumental in fostering transparency and ethical business practices.

Ukpanah’s dedication to ethics and corporate social responsibility advisory services has positioned her as a respected leader in the industry, driving positive change and setting high standards for corporate excellence. This is seen in her active participation on the ‘Code of Corporate Governance Committee,’ ‘9to5 Woman,’ ‘Bankers Committee on Corporate Governance’, among others.


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Sterling One Foundation Partners UNIDO, Others to Launch ESG Series

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The Sterling One Foundation, a non-profit organization dedicated to sustainable development and empowering professionals to drive social impact across Africa, has partnered with Price Waterhouse Coopers Nigeria, UNIDO-Investment Technology Promotion Office, Nigeria, Lagos Business School Sustainability Center, Sterling Bank, NGX Group, the Nigeria Employers Consultative Association and the Lagos Chamber of Commerce & Industry to unveil  the first edition of its Environmental, Social, and Governance (ESG) Series.

The partnership aims to support professionals in understanding, implementing, and reporting sustainability progress, in alignment with global standards.

According to a signed statement by the Foundation, the ESG Series was birthed following a workshop held at the 2023 edition of the Africa Social Impact Summit (ASIS) where it was discovered that there was a significant knowledge gap on the subject within the African development ecosystem as well as the private sector.

They commended all the excellent partners who have made the series possible noting that their commitment will strengthen professionals’ competencies in integrating ESG principles into organizational frameworks, and drive positive change while advancing the adoption of ESG principles and increased investment into the economy from local and global investors.

Over the years, Environmental, Social, and Governance (ESG) considerations have evolved from optional to essential for organizations, making the significance of incorporating ESG principles into business plans to enhance sustainability and corporate responsibility, for organizations an increased priority. Statistics indicate that ESG-focused institutional investments are projected to reach $33.9 trillion by 2026.

Through this series, the Foundation said it aims to demystify ESG concepts among the private, public, and development sectors in Nigeria and Africa while highlighting their tangible business benefits, to equip professionals with the knowledge and tools necessary for successful ESG integration in their organizations.

The one-day virtual event gives insight through in-depth sessions featuring thought leaders from private sector impact makers, development partners, international non-governmental organizations, and government agencies.


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Uche Ikejimba Secures Sixth Consecutive AMVCA Nomination With Best Unscripted M-Net Original Nod

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Uche Ikejimba, Award-winning producer, has secured her sixth consecutive Africa Magic Viewers Choice Award nod. The organizers made the nomination announcements on Sunday, March 24, 2024, across all Africa Magic channels. It saw Ikejimba clinch a nom in the ‘Best Unscripted M-Net Original’ category for What Will People Say.

In 2022, Ikejimba received two nominations for ‘Best Africa Magic Original Drama Series’ for Unmarried and Dilemma. She secured two other nominations in 2023 in ‘Best Unscripted Original’ for Come Play Naija and ‘Best Original Drama Series’ category for Unmarried.

Speaking about her latest nomination, Ikejimba said, “I’m very humbled and beyond grateful to be receiving my sixth consecutive AMVCA nomination. Anyone who knows me will acknowledge that I often put my blood, sweat and tears into the shows I produce. After Truth won its nomination in 2020, I’ve been holding on patiently for a second win and I hope this is the year. So, here’s my hearty congratulations to my fellow nominees and a huge thank you to the AMVCAs organisers for honoring me.”

Ikejimba is one of Africa’s most-sought after serial producers, and has earned herself the title, ‘Reality TV Series Savant’, with work on 100% Naija, Vodafone Icons, Naija Sings, Calabar Festival Diaries, Big Brother Reunion, Shoot Your Shot, What Will People Say, Come Play Naija, and the more recently airing Husband Material and Overall Best.

She came into the world of Television production as an associate producer on Moments with Mo, the first and only syndicated daily talk show in Africa at the time. However, she has also proven that her talents go beyond producing reality shows or unscripted serials, and she can run with the best in producing original drama series.

In 2016, she landed her first commissioned project with Africa Magic titled Hustle. The series about a young man’s first time in Lagos became an instant hit and ran for three seasons, with 360 episodes. She created, wrote and produced Blink’s original 26-episode drama series titled Truth. The show won an AMVCA for ‘Best TV Series’ in 2020. That same year, she produced and wrote the hit series, Unmarried. The show ran for four seasons and ended on a high.

Off the success of these drama series, she produced Africa Magic’s Dilemma, a 260-episode telenovela. She produced Shallow and the recent Africa Magic fanfavourite original, Manfriend. The show follows the women of the King family and their dysfunctional relationship with the men in their lives. She also produced Showmax’s first original law limited series, AGU in 2023. Her first feature length film, Phantom is a co-production and is also nominated for several awards such as the Toronto International Nollywood Film Festival (TINFF).

Uche Ikejimba has beaten many odds to become a producer and remained steadfast in her commitment to producing the best shows Africa has ever seen. As the continent prepares for the milestone 10th AMVCA, the Reality TV Series Savant and producer extraordinaire is content to celebrate her sixth consecutive nomination. Find out if she clinches her second AMVCA win when the awards air live across all Africa Magic channels on May 11, 2024.


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