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Gov.Udom Receives Post COVID-19 Economic Committee Report



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Governor Udom Emmanuel of Akwa Ibom State has received the report submitted by the 20-member committee put together by his administration to reposition the state for the post COVID-19 economy.


The report was submitted on Tuesday, June 9, 2020 at an event which had in attendance the governor and members of the State Executive Council.


The committee which had Prof. Akpan H. Ekpo, a former Director General of the West African Institute for Financial & Economic Management (WAIFEM) as Chairman and Prof Emmanuel Onwioduokit, HOD, Economic, University of Uyo as Secretary; also boasts a number of prominent entrepreneurs including Leo Stan Ekeh, Chairman, Zinox Group; Udom Inoyo former Executive Vice Chairman of ExxonMobil as well as other eggheads from the corporate and academic circles as well as seasoned administrators in its fold.


The 142-page report was divided into nine chapters, each of which addressed specific areas of interventions or terms of reference on what should be done in rejigging and restructuring Akwa Ibom state to navigate the post COVID-19 world.


Equally important, the report was classified into three different time frames, namely the immediate, short term and long term interventions.


They include mental orientation of the people, especially the youths; focus on agriculture, industry and service as potential mainstay of the Akwa Ibom economy in a post COVID-19 world without oil; massive efforts to continue the industrialization process in the state, increased participation of the youth in the economy and stamping out of cultism/other criminal activities in the state; completion of the Science Park to serve as a Silicon Valley of sorts for Akwa Ibom state as well as for job creation and improvement of Internally Generated Revenue (IGR); massive investment in infrastructure; re-visitation of the state’s waterways transportation; full autonomy for the state’s internal revenue board by disengaging it from the public service and the establishment of clear targets for it; recapitalization of state-owned financial institutions such as the Akwa Saving & Loans Ltd. and provision of credit facilities for low-income housing for residents; set-up of an independent data generation institution to aid the state’s planning purposes; inauguration of an Economic Advisory Council to assist in the conceptualization, formulation and implementation of government policies; establishment of a Reserve Fund to see the state through lean periods; recommendation of an exit plan for the state’s commercial ventures; identification of low-hanging fruits that the state can immediately take advantage of and the creation of a 30-year strategic development plan to be passed into law in the state.


Receiving the committee’s report, Governor Udom heaped praises on the members of the committee for completing its work within the one-month time frame outlined.


Specifically, he singled out two non-indigene members of the committee – the Zinox Chairman, Dr. Ekeh and Prof. Vincent Anigbogu, Director-General, Institute for National Transformation –   for special praise.


‘‘On behalf of the good people of Akwa Ibom State and the Executive Council, I want to appreciate the members of this committee, beginning from the Chairman, Prof. Akpan Ekpo, the Secretary, Prof Emmanuel Onwioduokit and most especially those our brothers, Prof. Anigbogu, Leo Stan Ekeh and our sister Mary of the Securities and Exchange Commission, as busy as she’s been who still created time to serve her state irrespective of her busy schedule.


‘‘I really want to appreciate all of them specifically and convey the gratitude of our own people.


“I want to say we are grateful to Prof. Anigbogu, to Leo Stan Ekeh and all the Akwa Ibomites who have served on this committee.’’


Reacting to the recommendations of the committee, the Akwa Ibom Governor disclosed that his administration will implement every single one to the letter.


He also commended the innovative ideas for repositioning the state and empowering the youths through ICT, even as he welcomed the idea of mental re-orientation.


‘‘The only way forward and the fastest approach; I believe when I read your report, I will see as one of the low-hanging fruits, is to drive our youths through ICT.


“For this, we have to work with our brother, Leo Stan Ekeh, a friend of the state, who in fact, we must give a local government which he will adopt as the one he hails from in Akwa Ibom; so that he can help us drive the aspect of youths and ICT.’’


Referencing the growth of platforms such as Zoom, Microsoft Teams and Netflix, the governor affirmed that COVID-19 had created a number of business opportunities for people through ICT, noting that a lot more are coming.


‘‘I wouldn’t want Akwa Ibom to be left behind,’’ he declared.


On the 20-year strategic development plan for the state, Udom expressed excitement with the recommendation.


Also, he stated that the Executive Council was working on a similar proposal, noting that the proposal had undergone two reviews.


Subsequently, he assured of his commitment to conclude the economic plan as quickly as possible.


Equally important, he revealed the immediate set-up of a five-member implementation committee headed by the committee Chairman, Prof. Ekpo to see to the immediate execution of the report submitted by the committee.


Others include the Secretary, Prof. Emmanuel Onwioduokit; former Executive Vice Chairman, ExxonMobil, Mr. Udom Inoyo; Commissioner of Agriculture, Dr. Glory Edet and Hon. Eno Uwan.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University.

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Verve Rewards 600 Customers in Good Life Promo



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Africa’s leading payment technology and card brand, Verve International, has rewarded 600 customers so far after the third weekly draws in the ongoing Verve ‘Good Life’ Promo.

Verve rewarded the lucky cardholders at prize presentation ceremonies held in various locations across the country recently.

Amongst the 300 lucky cardholders that emerged winners of the N10,000 cash prize in the weekly raffle draws that have held three times were: Adeleke Moshood, a student from Oyo State; Adeogun Shakiru, an automobile specialist and Rashidat Abolaji, a businesswoman, both from Lagos State.

Another set of 300 Verve cardholders emerged winners of airtime worth N5,000, bringing the total amount won so far to N4.5 million Naira.

Speaking during the draws, Cherry Eromosele, Group Chief Marketing and Communications Officer, Interswitch Group, expressed her delight about the number of cardholders that have been rewarded lately.

Eromosele reiterated Verve’s resolve to continue to provide secure, convenient and reliable payment solutions for its cardholders.

She said: “Because our cardholders are of priority to us at Verve, beyond providing them brilliant payment solutions, we are rewarding them for their loyalty with the expectation that the reward helps them achieve the good life, whatever the good life means to them”.

Verve recently launched a nationwide promo tagged The Verve ‘Good Life’ Promo which kicked off on September 1, 2020 and will run till November 29, 2020.

The promo seeks to enable Verve’s loyal cardholders to live the good life, whatever the ‘good life’ means to them.

The promo is targeted at rewarding over 2,500 Verve cardholders nationwide, with over N27million Naira in cash and airtime, during the course of 12 weeks duration of the promo.

With three weeks concluded out of the twelve weeks of the promo, Verve cardholders have eight more weeks to keep transacting with their cards and standing the chance to win.

Other Nigerians presently without Verve cards but have the desire to enjoy the good life, can take advantage of this eight-week window to ask their respective banks for a Verve card in order to start transacting, to qualify to win from an array of exciting prizes.

The prizes have been categorized into four segments, with their respective qualification requirements as follows:

Weekly Prize category 1 – N10,000 cash for 100 winners weekly, requires at least 3 transactions weekly. Weekly Prize category 2 – N5,000 for 100 airtime every week, requires at least 3 transactions weekly.

Monthly Prize category – N50,000 cash for 50 winners every month, requires at least 12 times monthly Grand Prize category – N1,000,000 cash for 2 winners, requires at least 36 transactions from now till the end of the promo.

Prospective winners of the Verve ‘Good Life’ promo should consistently use their Verve cards within the next eight weeks, across payment channels such as Point of Sale (POS) terminals, Automated Teller Machines (ATMs), Web and agent banking centers.

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World Cleanup Day: Coca-Cola Partners NGOs, Recovers Over 900kg of Plastic Waste



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World Cleanup Day, celebrated globally on September 19, 2020, saw diverse people come together to combat the solid waste problem through numerous community cleanup activities.


To mark this day, Coca-Cola Nigeria Limited partnered with two local NGOs – African Cleanup Initiative and Mental and Environmental Development Initiative for Children (MEDIC), on cleanup activities across Lagos and Ibadan.

African Cleanup Initiative held cleanup activities across numerous locations in Lagos, Ogun and Oyo states. This outreach saw more than 200 volunteers gather to collect over 1,500kg of solid waste materials and about 300kg of recyclable waste materials.


At the Lagos event, the Permanent Secretary, Lagos State Ministry of Environment and Water Resources, Mrs Belinda Aderonke Odeneye, applauded the programme.


She expressed the Lagos State Government’s delight at being part of the cleanup activity. Odeneye, who was represented by the Assistant Director, Sanitation Services Department of the Ministry, Mrs Toyin Oguntola, went further to encourage citizens to be environmentally responsible.

She stated, “The government can only perform excellently with law-abiding citizens. We all have a role to play in waste management and ignoring those responsibilities will make all the efforts of the government futile”. 


Similarly, the International Coastal Cleanup held at Bonny Camp Coastline by Mental and Environmental Development Initiative for Children (MEDIC) also produced outstanding results with about 600kg of marine plastic waste materials recovered and over 250kg of marine debris sent to the landfill. The outreach saw participation from over 100 volunteers.


These activities are in line with Coca-Cola’s vision for a World Without Waste and the company’s commitment to doing business sustainably.


Speaking on its World Without Waste initiatives, Nwamaka Onyemelukwe, Public Affairs, Communications & Sustainability Manager, Coca-Cola Nigeria Limited, explained, “We all have a responsibility to keep our environment clean and Coca-Cola is not left out as we remain committed to promoting a sustainable environment through our plastic recycling and recovery activities, as well as other environmental initiatives”. 

With the award of grants of over $800,000 by The Coca-Cola Foundation to multiple local NGOs, several recycling and women empowerment programs are being implemented to help address the issue of environmental protection while simultaneously empowering women who remain significant pillars of the environment.


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TETFund Seeks Increased Annual Research Funding of $1bn



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The Tertiary Education Trust Fund, TETFund, Thursday, urged the federal to increase its yearly funding for Research and Development (R&D) to $1 billion. This was as it hailed President Muhammadu Buhari for his recent increase of the research grant from N5 billion to N7.5 billion.

Prof. Suleiman Bogoro, executive secretary of TETFund, speaking at the inauguration of TETFund’s R&D Standing Committee in Abuja, said massive investment in research would bring about the much-needed development in the country.

Bogoro also said it was time for the promulgation of a law that will bring into full place what he referred to as the “National R&D Foundation (NRDF)” to deepen research in the country.

Hear him:”To galvanize our vision towards making R&D the ace and game changer in our national development agenda, the need for an appropriate law to support the establishment of a National R&D Foundation (NRDF) cannot be overstated.

“We need a robust institutional framework and arrangement for the NRDF. I am recommending a minimum annual budgetary threshold of 1billion dollars as the funding portfolio for this Foundation.

“When we consider the inevitable benefits of R&D and the inevitable benefits of R&D and the socio-economic challenges in Nigeria, this amount begins to look like a drop of water in the ocean-population of 200 million people in 2020 and projected to become double in 10 years for now.”

Prof. Bogoro, who said the TETFund’s R&D Standing Committee is expected to come up with its own recommendation on the required amount that is suitable for efficient research activities in the country, called for a robust collaboration between researchers and the private sector to bring about all-round development in the country.

“It is envisaged that the private sector of the economy should pick the gauntlet to steamroll the lofty initiative by taking ownership of it,” he said.

Prof. Bogoro lauded the recent performance of Nigerian universities in the world’s ranking, saying TETFund intervention projects have continued to encourage such feats.

On his side, Minister of Education, Malam Adamu Adamu, while inaugurating the committee, called on members to put their best to the work he described as ‘national assignment.’

Represented by the Minister of State for Education, Hon. Chukuemeka Nwajuiba, Adamu said that continued investment in research would herald a rebirth of Nigeria.

“Nigeria voted us into power predicated on our being able to transform our national aspirations and make them a national achievement.

“It is in recognition of this direction that the Executive Secretary, TETFund, presented his vision of a research-driven nation and how to finance that ambition through the Board of Trustees (BOT).

“To a large extent, Nigeria’s future depends on you. You have been summoned to a national service that is not available to the rest of the 200 million population. It is a national calling that requires almost all of you,” he said.

On his part, the Chairman, House Committee on Tertiary Education and Services, Hon. Aminu Suleiman said the work of the committee would open the windows of opportunities to tackle various developmental challenges confronting the country.

Suleiman, represented by Hon. Ikenna Elezieanya, lamented the way Nigeria has shown less concern to research, saying that many developed countries invested in research and development and thus helped to improve on their economy.

He said, “Research is the gateway of innovation. It is said that while countries like the USA, Korea, and the like have been investing in research and development, we seem to show less concern.”

He encouraged beneficiaries to take good advantage of the initiative to solve problems for the betterment of the country.

Responding, the Chairman of the over 160-member TETFund’s R & D Committee, Prof. Njidda M. Gadzama, said the epoch-making event will transform the socio-economic sector by ensuring the robust promotion of cutting-edge innovations.

“We promise to carry out our assignment with commitment and diligence and this will result in the R & D Culture and R&D Foundation to drive industrialization of the country,” he said.

The standing committee whose membership is drawn from the academic, industry, and private sector, has the President of the Manufacturers Association of Nigeria, MAN, Mansur Ahmed, as one of the three Vice Presidents.

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