Sunday, 28 August 2016

Buhari: Nigeria will be in Top 100 Ease of Doing Business Countries by 2019


By Garba Shehu

Nigeria will be one of the most attractive and easiest places of doing business in the world by 2019, President Muhammadu Buhari said on Sunday in Nairobi, Kenya.

Speaking at a plenary session on “Dialogue with the Private Sector” at the sixth Tokyo International Conference for African Development (TICAD VI), President Buhari said his administration is implementing policies and measures to create right and enabling environment for business and investors in Nigeria.

Nigeria is currently ranked 169 out of 189 countries by the World Bank, according to the Bank’s 2016 Ease of Doing Business report.


President Buhari told the session attended by several African leaders, Japan Prime Minister Shinzo Abe and international business executives that his administration’s vision and objective is to make Nigeria one of the top investment destinations in the world, within the shortest possible time.

‘‘We believe government has a particular responsibility to create right and attractive environment for businesses and economic activities to thrive.

‘‘In furtherance of this vision, we have launched the Presidential Enabling Environment Council, PEEC and Inter-Ministerial Council to oversee the efforts of government to remove various bottlenecks that stifle businesses and economic activities and thereby create economic activities and the right enabling environment and investment climate in Nigeria.

‘‘The secretariat will include strong private sector representation that would be led by experienced business professionals from the private sector.

‘‘We are committed to moving up the ranking of the World Bank’s ease of doing business index 20 places in first year and be in the top 100 within the next 3 years,’’ the President said.

Doing Business Report is a series of annual reports investigating the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulation and the protection of property rights that can be compared across 189 economies—from Afghanistan to Zimbabwe—and over time. Doing Business measures aspects of regulation affecting 11 areas of the life of a business.

Ten of these areas are included the annual ranking on the ease of doing business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. Doing Business also measures features of labor market regulation, which is not included in this year’s ranking.

Data in Doing Business 2016 are current as of June 1, 2015. The indicators are used to analyze economic outcomes and identify what reforms of business regulation have worked,where and why.

Lagos rocks Notting Hill Carnival



The sound and sight of Lagos will on Monday dominate the popular Notting Hill Carnival in London as the #LoveLagosWeekend campaign enters Day three.

To this end, the popular Nigerian Corner on Adelaja street at Notting Hill carnival will today (Monday) transform to Lagos Corner courtesy of the Lagos branding campaign by the Lagos State Government that has taken the city of London by storm since Saturday.

The #LoveLagosWeekend started on Saturday with a town hall meeting and media parley addressed by Lagos State top officials and continued on Saturday evening at I Laugh with MC Abbey and the Love Lagos Crack Ya Ribs with Julius Agu on Sunday.

Promoter of the Lagos Corner, Mr. Ayo Sonaiya said that Monday's event coincides with the Notting Hill Carnival's 50th edition.

"We are happy that at a time that Lagos State is counting down to its 50th anniversary, the administration of Governor Akinwunmi Ambode is using the huge platform of Notting Hill Carnival, which is also celebrating its 50th edition this year to reach out to millions of Nigerians and Lagosians in particular about the emerging powerful brand that Lagos has become in the areas of arts and entertainment and in connecting with the Diaspora about the great things being recorded in Lagos," he said.

The Lagos Corner will provide a veritable platform for performing artistes from Lagos State to showcase their talents and further give verve to Brand Lagos as the home of creativity.

The Love Lagos Weekend, according to the State's Commissioner for Information and Strategy, Mr. Steve Ayorinde, is a three-day event designed to communicate the Lagos tourism brand initiative to the world.

"The master brand for Lagos tourism initiative is One Lagos, which speaks to the oneness, multicultural nature and unity in diversity of the state. It's an initiative that has taken shape in the state. But the slogan for that brand initiative is Love Lagos, which is our way of urging the world to take note and connect with us. "

He added that the Love Lagos Weekend in London was also in sync with the government's plan to celebrate Lagos on the 27th day of every month till May 27, 2017 when Lagos will celebrate its 50th anniversary as a state.

"London and Lagos have a long rich history and choosing to start the global brand awareness campaign for Lagos in London is the right thing to do given the huge number of Lagosians and Friends of Lagos that reside and work there, " the commissioner stated.

The Love Lagos Weekend was also geared towards selling the state and uniting lovers of Lagos in the diaspora.

Other objectives of the Love Lagos Weekend are to create awareness on the new Lagos State administration, provide platform for interaction with Lagos State indigenes and lovers of Lagos State in the Diaspora and further market the state to potential investors and partners that can contribute towards the Lagos@50 celebrations.

Ultra-Modern Cross River State Garment Factory Set For Commissioning


During the swearing-in ceremony of Governor Ben Ayade at the International Convention Centre in Calabar, he promised to embark on an ultra modern garment factory amidst other projects aimed at creating jobs for the unemployed youths as well as boost the economy of the state.
Less than two years of assuming the mantle of leadership, Cross River State ultra-modern garment factory is set to be commissioned.

The factory will seek to target the lower end of the market with low prices and a projected higher turnover and garments produced in Calabar would also be exported.

This initiative by Governor Ben Ayade, is a Public-Private Partnership which involves core investors.

Already, the factory has signed up a few contracts with the Immigration , Police, Customs, Prisons, Civil Defense, NYSC, and some schools.









Meet Joseph Oparamanuike, Founder of Nigeria's First Opera Company




Among-st Classical Music lovers in Nigeria, Joseph Oparamanuike is no stranger. He virtually performs at almost every major classical event in Nigeria especially in Lagos.  

Jo, as he is fondly called,  is a trained Chemical Engineer turned Opera Singer. He is a graduate of the Federal University of Technology, Owerri, Nigeria. 


His love for Classical Music pushed him to seek more knowledge and in 2008 and 2009 he made the best result in West Africa  when he wrote the Grade 8 theory of music exam and Diploma in Singing exam of the Associate Board of the Royal School of Music (ABRSM) . He is the first Nigerian to sit for the ABRSM Diploma in Vocal Teaching and Licentiate in Singing in West Africa.

Due to his unending quest for Classical Music knowledge, Joseph secured  a scholarship from the RCS Trust Fund in Scotland and he studied Master of Music Opera (MMus Opera) at the Alexander Gibson Opera School (AGOS), Royal Conservatoire of Scotland (RCS), under the tutelage of Scott Johnson.

Furthermore, he holds  a Licentiate of the Royal Schools of Music (LRSM) in Singing and Diploma of Associated Board of Royal Schools of Music (DipABRSM) in Vocal Teaching.


Joseph sang the concert version of Edgardo in Donizetti’s Lucia Di Lammermoor with the Scottish Opera Orchestra in February, 2014. He has performed the following roles in Opera's in Europe and Africa - Nemorino in Donizetti’s L’Elisir d’Amore, Prunier in Puccini's La Rondine, Tito and Monostatos in Mozart’s La Clemenza di Tito and Die Zauberfloter and Iro in Monteverdi’s Il Ritorno d’Ulisse in Patria.


In 2015, he made two performance tours to Asia and North America with Chorakademie Lubeck. 


He recently directed and conducted 'Patience' by Arthur Sullivan for the 2016 graduation ceremony of the Musical Society of Nigeria (MUSON) . Similarly, he had a very wonderful production of L’Elisir D’Amore for MUSON. 



Joseph Oparamanuike will be singing 'Ernesto' in Donizetti’s 'DON PASQUALE' at the MUSON Centre Lagos to launch Nigeria's First Opera Company called 'Comic Opera House', founded by himself, on Saturday 3rd September, 2016. Also, he would be launching his new Opera House in Abuja Nigeria in December 2016, when he takes on the role of 'Tamino' in Mozart’s Die Zauberfloter .

Currently, he is the Opera Director for the MTNF/MUSON Diploma School of Music Lagos Nigeria and he is also one of the International Judges for the 'First Viola Competitions' - Nigeria's First International Choral Music Competition Platform.






Saturday, 27 August 2016

We will ensure diligent rehabilitation of Boko Haram victims and end terrorism ~ President Buhari


President Buhari said Nigeria will diligently ensure full rehabilitation of victims of Boko Haram and find lasting solutions to combat threats of terrorism in the country, He stated this in Nairobi, Kenya while Speaking at the opening of the sixth Tokyo International Conference on African Development (TICAD VI), The President, reaffirmed that Boko Haram terrorists have been degraded, even as the reintegration of Internally Displaced Persons (IDPs) in the country receives immediate attention.

In a statement released by his Senior Special Assistant on Media and publicity, Garba Shehu, the President Acknowledged Japanese assistance through UNICEF in the rehabilitation of the victims of Boko Haram, He commended development partners for their work geared towards improving the lives of some 2 million IDPs in the country.

“The bottom line is that these problems are our primary responsibility. We must tackle them and find lasting solutions for ourselves,’’ he said.

President Buhari told the summit attended by Prime Minister of Japan Shinzo Abe, some 35 African leaders and chief executives of at least 80 major companies from Japan, that international cooperation with Nigeria was central in the decimation of Boko Haram terror group.

“I took over the mantle of leadership in Nigeria when the North-Eastern part of the country was being ravaged by Boko Haram. However, soon after assumption of office, our administration with the support of our immediate neighbours — Chad, Cameroon, Niger and Benin- and international partners including Japan, faced the challenge frontally. As I speak, the terror group has been decimated and life is beginning to return to normal in the affected region. The challenge we currently face which is also being addressed, is that of the IDPs which number over two million to get them re-integrated with their families and their original homes,’’ he said.

On global health issues, which is a major focal point of the summit, President Buhari expressed special appreciation to the government of Japan for its contribution of 800 million Dollars to the fight against malaria, tuberculosis among others.

The contribution is part of the 1.3 billion Dollars made available to the Nigerian Health Sector by the Global Fund.

On the gains of TICAD, the President noted that partnerships between Africa and Japan will help create and improve investment opportunities in industries, agriculture, information technology, science and technology among others for the good of the continent and investors from Japan.

”In view of the challenges Africa is facing, the imperative for a viable partnership like the Tokyo International Conference on African Development cannot be over emphasized.Today, many countries in Africa including the oil producing ones are wisely seeking to diversify their economies away from mono-cropping.In Nigeria, our Administration has already taken concrete steps to diversify the economy by making agriculture not just a development programme but a thriving business. Investing in the economies of this continent especially through Public-Private-Partnership can contribute to building capacity for our economies,” he said.

The 2-day summit with the theme 'Advancing Africa’s Sustainable Development Agenda-TICAD Partnership for Prosperit', is being held outside of Japan for the first time since its inception in 1993.

Among other things, TICAD aims to solve Africa’s development problems through quality technology in the health, industry, agriculture and environment sectors.

A draft declaration to be adopted at end of the summit will seek to combat the growing threats of terrorism, conflicts and violent radicalism through the promotion of education and job creation.

My Igbotic Qualities By Charly Boy



I have lived in this country almost all my life. From the people I have met both good and bad, I have drawn inspirations from it all.

I am happiest that I have learnt something from everyone who has passed through my life. While some lessons have been painful, some have been painless, but all have been priceless.

Believe me, I love Nigeria, I see that what unites us is way more than what divides us; Except of course, for some riff-raffs called leaders. Na God go punish them for us.

Yes, I am a proud Nigerian even though I will never let some of the Nigerian ways live in me. From my Yoruba brothers, I have learnt the huge importance of Socials, being such a hopeless introvert (even till now) but thank God that I have never stopped chasing knowledge and education of self, at all times. Some people would even swear that am a Yoruba boy (lol). I still remember that for a long period of time, 80% of my staff was from the West.

From all my northern friends and associates, I have learnt the art of contentment and simplicity: one of the very fine values my late father pushed down my throat as a growing kid in Port Harcourt (it never left me). Now I can hang in any kindaweather and forever still be grateful to God for bringing me this far because I am really not supposed to still be alive. God has indeed been faithful. All glory to His Holy Name.

From all my Ijaw brothers and sisters I have learnt to share every resource I have even when it’s not convenient. How do I see a fellow brother who does not have a meal and I fail to share the little I have? It is the greed of some people that is putting our country in this chaotic state. My mother reinforced in me the quality of sharing, thank God she’s still alive to witness that her lessons were not lost on me.

And then from my Igbo brothers, they may have short-circuited their political growth, but it doesn’t take away the fact that they are great Nigerians. I have learnt to be more Igbotic than I ever expected. I have started learning to be more profitable in the things that I do. I know that as a creative person I have never really been business savvy like that but am learning. From my Igbo brothers I have perfected the art of being tenacious in any dream I chase; to be industrious, consistent and powerfully focused. All the lessons I learnt from my Igbo brothers have made me dogged, hard-working and exhibiting the ability and capacity to survive in any kinda weather.

Yes, I’m a true Nigerian, infected and affected by my other brothers and sisters in The Nigerian Village.

These lessons have shaped me into what and who I am today.

I guess this is the igboticness of my being as Mr. Charles Chukwuemeka Oputa…

The Odudubariba 1 of Africa.

To be igbotic by the way does not necessarily mean you are igbo, that you’re timid or a Jew man (nerd) it is just my way of describing people with the above-mentioned qualities and values. So the next time you spot any of these in anyone, feel free to appreciate and commend their #igbotic selves.


Charles Chukwuemeka Oputa aka Charly Boy is a former President of the Performing Musicians Association of Nigeria and a seasoned broadcaster.

Chief Of Army Staff Bags Prestigiuos Kwameh Nkrumah Leadership Award



The Chief Of Army Staff Lieutenant General Tukur Yusuf Buratai, has received the prestigious KWAMEH NKRUMAH LEADERSHIP AWARD. This was made known in a statement issued by the Acting Director Army Public Relations Colonel Sani Kukasheka Usman. He said the prestigious Kwameh Nkurmah Leadership Award by the All African Students Union (AASU) was presented to the COAS for his exemplary leadership and commitment to duty and the fight against insurgency in the North East.

He stated that the Award was presented to at the Army Headquarters Conference Room, Abuja by a delegation of the Executive Committee members of the Union from various African countries and institutions led by its Nigeria Country representative and the Secretary General of union, Ambassador Akinyele Olasumbo.

According to them, the award was to enable them join other well meaning individuals and organizations to appreciate the leadership style, patriotism and commitment of the COAS which brought about peace and security in Nigeria. They further stated that the Award was to also encourage him to do more to clear out the remnants of the Boko Haram terrorists in the North East.

The union which had representatives from Nigeria, Cameroon, Cote D’Ivoire and Ghana further explained that the award would also spur other African leaders to ensure peace and stability of the African continent. In his acceptance remarks, General Buratai, thanked the Union for the award and said he was very elated and deeply humbled to be associated with the name and virtues of the highly revered African leader, the late Doctor Kwameh Nkurmah Prime Minister of Ghana as manifested in the Award and dedicated it to all the Officers and Soldiers of the Nigerian Army for their selflessness and commitment to duties that brought about this and may other accolades.

He stated that the Nigerian Army troops are doing well in the North East, and acknowledged the support of President Muhammadu Buhari, Nigerians as well as international organizations in the fight against the insurgency, adding that terrorism is a global problem that must be tackled to enable development thrive in the continent. He promised to accomplish the task of President Muhammadu Buhari, to ensure normalcy returns to the North East.

The COAS urged all African youths to focus on their studies, adding that it is the basis for the overall socio-economic development of the African continent.

He also urged them to always respect elders, constituted authorities and contribute positively in order to change Africa for the better.

Present during the investiture were some Principal Staff Officers of the Army headquarters, Corps Commanders and Directors, as well as members of the All African Students Union delegation.

POLITICS AND RELIGION - By Obafemi Awolowo


By Obafemi Awolowo (27th January, 1961)

I want to admit, without the least hesitation, that Politics is essentially materialistic and that Religion is fundamentally spiritual. But it cannot be gainsaid that living man is a combination of matter and spirit.

If a man is to live a full life and be the real image of God which he is intended to be, his Body - that is his brain and brawn - must not only be well-developed and healthy, but must also function in harmony with and under the control of his spirit or Soul. The Soul is ageless and pure, and does not need any development. But the Body must be trained, developed and disciplined to acknowledge both the existence and the supremacy of the indwelling Soul.

In the process of bringing out the best that is in man, and of enabling him to live a healthy and happy life, the agencies of Politics and Religion must work in close and harmonious co-operation. The eradication of ignorance, disease and want is a matter of the utmost concern to Politics as well as to Religion. As a matter of fact, in the early days the education of the young and old, and their health and general well-being were more or less the exclusive preserves of Religious Bodies and their offshoots and allies - the Charitable Organisations. In those olden times, the primary functions of Government (for the purpose of this talk I am equating Government with Politics) are the preservation of peace among the subjects at home, and the resistance of external foes. It is in modern times that Government has its functions beyond the limits of bare security for individual citizens, to include their education and health; and their welfare and happiness.

In other words, Religion recognised from the beginning of times that unless the brain of a man is developed by education(secular and religious), and his body by physical exercise is well as by the nurture of good and adequate food, and by the comfort and self-respect of simple and neat clothing and shelter, man would be much more brutish and degraded than the lower animals. For His great purpose on earth, however, God needs the finest possible instrument, which is to be found in a healthy body and an enlightened and sane mind. For this reason, Religious Bodies down the ages have catered and still cater, in so far as their limited resources permit, for the material as well as the spiritual well-being of man.

The purpose of Politics is first and last the material well-being of man. The purpose of Religion, on the other hand, is to do this or to ensure by persuasion that this is done, and to cater in addition to the spiritual welfare of man. In many modern States, what we see is not a separation of Politics from Religion but a division of labour between them.

First Among Equals – The Role Of The Board Chairman


By Bisi Adeyemi 

The Chairman of the Board is Primus Inter Pares (the first among equals or first among peers) on the Board of Directors of every company and typically elected by members of the Board of Directors who also determine the period for which she is to hold office. In some jurisdictions, the Chairman of the Board is elected annually by members of the Board at the first Board meeting, after each Annual General Meeting or between Annual General Meetings upon the resignation, death, disqualification or removal of an incumbent Chairman. The Chairman should be a non-executive director and it is desirable that she should satisfy any independence standards set by the Board, applicable law or relevant Corporate Governance Code and best practice.

The return of the former CEOs of two Nigerian Banks as Chairmen of the respective Banks, raises the question of independence and overbearing influence – particularly in the context of them being substantial shareholders. To neutralize their influence in the interest of all stakeholders, it is recommended that additional Independent Directors (who pass the test in every material respect) be appointed on the Board of these institutions. It is also suggested that the role of the Senior Independent Director as proposed by the draft Financial Reporting Council (FRC) Code of Corporate Governance (aka the National Code) could checkmate a “Super Chairman”.

Selecting a Board Chair is a very important process in the life of any company. Most organizations adopt the democratic approach spelt out in the Companies and Allied Matters Act by voting for one of them to serve as Chair. In appointing a Chairman, it is important to ensure that the individual possesses a good understanding of the company’s business to be able to properly conduct Board meetings and provide oversight. The Chairman must also be a unifying presence with the ability to guide the Board to a consensus in decision making. An effective Chairman should have a good working relationship with the CEO, and enjoy the respect of other Board members. The effectiveness of a Board is dependent largely on the Chairman’s industry knowledge, leadership skills and influence on Board processes.

The Board Chair is expected to have extensive business leadership experience, including crisis leadership, be collaborative and retrained in style, resilient, possess complete candor and have an expectation of same in others. She is expected to downplay self-interest, serve as a trusted counselor and partner of the CEO and display a passion for good corporate governance. The Board Chair should also be able to listen well and get Directors to express underlying concerns.

The Chairman is accountable to and serves at the pleasure of the Board. She provides overall leadership and direction to the Board and the Company; sets the strategic and annual Board plan; chairs Board and General meetings; communicates with shareholders and core investors. The Chairman also oversees Director Nomination, appointment, development and performance evaluation. In this regard, the Chairman should be able to ensure that there are no dysfunctional Directors on the Board and that all Directors are active and given the opportunity to bring their respective leadership experience to the Board.

Although the Chairman acts as a direct liaison between the Board and Management through the CEO, he should possess the skills to carry out the function of providing proper oversight and guidance without micro-managing or getting involved in the day-to-day operations of the company. The concept of the separation of the role of the Chairman from that of the CEO implies that the Chairman should be independent of Management and free from any business interest or other relationships which could interfere with his ability to make independent judgment.

To be an effective leader, the Chairman must be trusted and respected by the other members of the Board and by Management as well as shareholders. To gain the trust of his peers, the Chairman should be fair, open minded and encourage Board members to voice their views without compromising the need to run meetings efficiently. The Board Chair should have influence, corporate diplomacy and constructive guidance. Suffice it to say that the effectiveness of a Board of Directors is severely limited if meetings are conducted by the Chairman in a way that stifles expression of divergent views.

Above all, the Chairman must be a person of integrity, uphold high ethical values and expect same from all Directors. The Board Chair “should be comfortable in own skin and station in life” (“Boards That Lead”, Carey, Charan & U seem) and have the strength of character to truly be the first among equals.


ADEYEMI, Bisi is the Managing Director DCSL Corporate Services Limited. Email:badeyemi@dcsl.com.ng|www.dcsl.com.ng

Nigeria Ready For Business



By Segun Adeyemi 

The Minister of Information and Culture, Alhaji Lai Mohammed, has called on international investors to invest massively in Nigeria’s creative sector ”as the non-oil export alternative for economic growth and development”.

The Minister made the call while addressing the plenary session at the ongoing 2016 Edinburgh International Festival Summit in Scotland on Thursday.

”With approximately 24 million TV households, 150 TV channels, a greater number of radio stations, smart phone penetration edging over 40 million and over 100 million phone lines sold to date, and with over 20 million Diaspora Nigerians who are all primary consumers of the creativity located all over the world, and with us being the commercial bed rock of the last frontier, Africa, we are ready for business,” he said.

Alhaji Mohammed said although Nigeria is endowed with abundant cultural heritage, with each of the 36 states boasting of at least 3 to 5 cultural industries, the challenge is how to harness this abundant cultural heritage and create an economy out of it.

He noted, however, that the nation is ready to tackle the challenge by working with its partners, including the Tony Elumelu Foundation and the British Council, to build capacity and provide knowledge.

Recalling the Memorandum of Understanding which he signed with the British Council on the sidelines of the summit on Wednesday, the Minister expressed the belief that the British Council ”can assist us in the area of capacity building, identification of infrastructure and, more importantly, in the area of organizing how these things work in a cooperative manner”.

He announced Nigeria’s intention to preserve its cultural heritage by reviving a number of its festivals that have not been held regularly over the years, including the Argugun Fishing Festival and Durbar, and also bringing back the various age-long traditional games like ‘ayo’, ‘arin’ and traditional wrestling.

Alhaji Mohammed told the summit, which is being attended by representatives of many countries, that the present Administration had resolved, even before knowing the price of oil was going to crash, that it would diversify its economy

He said apart from agriculture and solid minerals, the country will be focusing on the creative industries ”because it is a major low-hanging fruit” which is ready to be plucked immediately.

The Minister identified some of the key creative industries thriving in Nigeria as the home-grown Nollywood (Film) Industry and the music industry ”which is beginning to find its way into major international markets”

He also listed traditional medicine, music, food, cosmetics, performing arts, science and technology, oral expressions, costumes and body adornment as some of the nation’s cultural resources

”We are simply not awake to the fact that our cultural resources offer more lucrative alternatives to our oil deposits in the form of income derivable from entrance fees to facilities and exhibitions, copyright charges for reproduction and use of collected rare objects, photographs and visual images, enquiry charges, sale of publications, publicity materials and promotion licensing agreements to mention a few.

”We need to be alert to harvest our many distinctive tangible and intangible cultural resources,” Alhaji Mohammed said, adding that Nigeria is opening opportunities to boost tourism and the hospitality business through well-organized national and international carnivals and festivals.

The First Light Rail In Nigeria Ready For Inauguration



The multi-billion Naira Calabar Light rail project, the first in Nigeria, would soon be inaugurated by President Muhammadu Buhari.

The 12-car monorail system, when fully operational, would use an Intamin P8 electric powered passenger shuttle train to convey passengers from Tinapa Resort, across Lake Tinapa to Calabar International Conference Centre (CICC).

The monorail would also allow access to Studio Tinapa, Tinapa Shopping Centre and Tinapa waterpark as well as provide a quick alternative access to Summit Hills.

Each car is primed for seven to eight passengers all seated, while the train’s length, width and height are approximately 38, 1.95 and 2.2 metres, respectively.

Gov. Ben Ayade had recently told journalists in Calabar that Buhari would inaugurate the train to mark his first year in office.

Mr Mba Mba, the station’s Electrical Engineer, said the light rail project was completed in December last year.

“Right now, the Calabar Monorail is ready for use pending inauguration by appropriate authorities.

“We have test-run the system and confirmed its readiness. Gov. Ben Ayade was here with his team to see for himself what is on ground.

“Tourists troop here on daily basis to take a ride. But they were disappointed as they were turned back.

The light rail project has three stations, Tinapa, Tinapa Lakeside Hotel and the Calabar International Conference Centre.

Friday, 26 August 2016

Facts BBOG Must Appreciate



(Opinion) By Anthony Kolawole, Keffi

One needs not re-enact the story of David and Saul in the Bible to find a modern day version in the Chief of Army Staff (COAS), Lt. Gen. Tukur Buratai. As the holy book recounted it, after exceptional exploit at war, the people chanted ‘Saul has killed his thousands, but David has killed his tens of thousands!’. The people singing were certainly not intent on belittling the achievements of Saul, who was David’s boss (and later predecessor) at the time, the lyrics were borne out of the exhilaration of being released from occupation forces that had terrorised them continually prior to David’s exploits.

Nigerians were similarly terrorised by Boko Haram prior to the coming of President Muhammadu Buhari, who appointed Buratai as Army Chief. The war on Boko Haram’s terrorism had seen significant tactical changes that have yielded positive results since the inception of the Buhari administration. From holding almost the whole of Borno state, Boko Haram has today been reduced to a band of fanatics using abducted schoolgirls as human shield and bargaining chips having been confined to Sambisa forest by sustained military campaign against their insurgency.

Resources meant for weapons are now being properly utilized for same, welfare of troops is now of paramount importance and we now boast of an Army Chief who stays in the battle field with his soldiers to do the battle. Everything about the campaign on terrorism has changed from the old order with both international and local commentators now acknowledging the achievements of our military. Same way Boko Haram fighters also acknowledge now that they dared a sovereign state with their insurgency so they dare not anymore take the fight to the Army and when the fight is taken to them they flee.

They still stage hit and run attacks on defenceless villages but they are no longer able to move around confidently with the kind of militarised convoys that once easily overran military and paramilitary barracks in the days of the Jonathan presidency. It was such convoy they were able to deploy with ease in capturing schoolgirls from Chibok. A repeat attempt of such depravity today will end badly for the terrorists as not one of them will return alive to whatever camp they mobilise from.

Nothing mirrors the finality of Boko Haram being in its death throes as the video they released of their captives, which security analysts have put down to the fighters making one last desperate push to halt further military attacks. They practically dangled the girls as their pawns in the face of us all. Who will think of a daughter in this harrowing situation and not immediately accede to the requests of even the devil? Of course the militants twisted the knife in the heart of parents by getting the girls to recount how some of their colleagues have died in ‘military raids’, which underscores the group’s desperation not to come under any further attacks.

A further change that has come since the change of baton in the Army leadership is that Boko Haram, whose spokespersons have that chronic reputation of taunting the entire nation, have altered course to no longer maintain that role within its ranks. The life expectancy of anyone occupying that position became so short that not much is heard about it anymore. Boko Haram has instead resorted to using outsourced spokespersons that use the cover of professionalism to distribute its messages on social media with the certainty that a section of the mainstream media will amplify their desire as they unknowingly compete to outdo each other in becoming the terror group’s mouth piece.

But even with this, the atrocities that the world has become aware of as people get to know more about the sick outrage Boko Haram fighters committed in areas they were driven from, social media platforms have blocked the accounts they use for promoting their evil.

So whether it is abducting innocent children and women or taunting the world about a supposed helplessness in stopping Boko Haram’s horror, the appointment of General Buratai has ended what initially gave birth to the Bring Back Our Girls (BBOG) campaign. The hamstrung army under Jonathan, which lacked vision, tact and courage to confront the terrorists, is now history.

The Chibok Girls, who are symbolic of Boko Haram’s penchant for abductions, might not have been freed yet, but several others whose abduction did not make world headlines have been freed and reunited with their families – they number in their thousands.

These are realities that the present handlers of BBOG must appreciate and cooperate with the authorities towards defeating terror and rescuing the girls. There is nothing to be gained in metamorphosing into a willing tool for distracting the Army or the government since this is what its recent activities amounted to.

Even as BBOG begins to appreciate what has changed in the time the current order has been in place, it must also undertake a retrospection to see what has changed about it. To outsiders, many of those that were BBOG’s conscience and think tank have moved to other things even though they continue to make contributions from where they are now. This possibly explains a recent deviation that saw its convener, Mrs Oby Ezekwesili, foray into recruitment issues simply so she can fire a salvo at the government.

Such trend of belligerence has made even the parents of the Chibok Girls to distance themselves from the latest BBOG march as revealed by the their leader, Yakubu Nkeki, who indicated that antagonising people is not the way to go about securing freedom for the girls. So BBOG and its leaders should begin to ask themselves why they are yet to change their approach and strategy if the girls’ return is what is genuinely driving their campaign and not some personal political agenda.

ABILITY IN DISABILITY : A WORTHY COURSE


ADEBOLA DANIEL , the son of the former governor of Ogun State, has advocated for equity and fairness to the physically disabled people in Nigeria. Through his new Foundation, he is seeking to give a stronger voice to the disabled.


A graduate of University College London - Masters in Mechanical Engineering, Adebola is also an inspirational speaker with TEDx Talk and the founder of the AFRICAN YOUTH INITIATIVE.
In a statement made available to NAN, Adebola stresses the need for organizations to better integrate the disabled.

“It is unacceptable that Shell and other multinationals adhere to strict disability codes in the US and UK but are unable to carry this same principles to Nigeria,” he said.

According to him, the DEBOLA DANIEL FOUNDATION will not be a charity organisation that will give out wheelchairs and crutches to the physically disabled. Rather, it will challenge government to think of disabilities when formulating policies especially in Education, Employment, Entrepreneurism and Development.


Adebola was born without a disability into a comfortable and loving home. However, at 5 years of age, he was diagnosed with paraplegia - a rare condition with no medical clarity and thus confined to the wheelchair ever since then. 

Nevertheless, Adebola has been able to overcome the stigma and assumptions associated with being 'disabled' and he is very much determined to champion the course of a full integration of the physically disabled into the Nigerian society.

AfDB approves $350m loans to Nigerian banks to spur enterprises


The African Development Bank (AfDB) has approved $300 million and $50 million trade finance loans to First Bank of Nigeria and FSDH Merchant Bank Nigeria to support local enterprises involved in import-export activity.

The AfDB disclosed this in its monthly newsletter signed by the Nigeria Country Field Office, on Wednesday in Abuja.

The publication stated that the two facilities were part of the AfDB’s broader efforts to provide countercyclical support to the Nigerian economy at a time of falling commodity prices.

It said that the fall had caused shortages in foreign currency supply and has led to unmet demand for trade finance instruments to support Nigeria’s on-going economic transitions.

“The facilities will support local enterprises involved in import-export activity

“The loans will help address critical market demand for trade finance and dollar liquidity by supporting vital economic sectors such as agri-business, chemicals, construction, engineering, food processing, manufacturing and non-traditional exports.

“It will foster financial sector development, enhance regional integration, contributing to increased government revenue generation at a time when the Nigerian economy is facing fiscal pressures and foreign currency liquidity challenges.

“The loans will enhance support to domestic enterprises whose businesses are being hamstrung by shortages in dollar funding,’’publication stated.

It said that if fully utilised, counting rollovers, the interventions were expected to facilitate about 2.5 billion dollars of export-import related activity.

Specially in intermediate and finished goods, raw materials and equipment to support economic growth and tax generation over a 3.5 year period.

NAN 

Creative & Enthusiastic, Nigerian Youths Can Energize The Whole Nation - VP Osinbajo


Next month a group of 30 young Nigerians with vibrant technology-based ideas and innovations would be welcomed to Aso Rock, reflective of the Buhari administration’s appreciation of the enormous creativity among Nigerian youths.

Making the disclosure , Vice President Yemi Osinbajo, SAN also said the Buhari administration is aware that inspite of the advances in education and technology, inequality of access and opportunities still exists which the presidency wants to redress.

Speaking earlier this month, while receiving the United Nations Special Envoy on Youth, Mr. Ahmad Alhendawi, at the Presidential Villa, Abuja, Vice President Osinbajo eulogized Nigerian youth as being “very creative and are every where trying to make space for themselves.”

He announced that on September 2, the much talked about Aso Villa Demo Day would hold, hosting 30 young Nigerians who will pitch their innovative ideas at the Presidential Villa to a presidential audience including venture capitalists, investors and decision makers in the ICT industry among other influential business groups and interests.

While disclosing that the 30 most innovative and talented young people where picked out of the several thousands of young Nigerians who participated in a competitive selection process, Prof. Osinbajo stated “we are looking at a new generation of people who have the vision, who have a different way of thinking” and whose “energy and creativity,” will benefit the nation.

(Meanwhile, ahead of the Demo Day, a 2-day boot camp will hold for the selected 30 young Nigerians at the Ventures Platform Hub, Abuja from August 31 to September 1.)
“The youth enthusiasm in this country, their can-do spirit, their sheer force can energise the whole nation,” according to the Vice President who added that he wont be surprised if more young people end up in top and key elected positions in the country.

However, he observed that inequality still exists on a global scale as there are still many who dont have access to education and don’t even know about the advances in technology.

“Huge gaps and disparities still exist. So our concern is about creating more equality, more opportunity in education, to level the playing field so that more young people can get a clear chance in life,” he stated.

Expressing concern about the humanitarian situation in the North-East, he said “the military is gradually winding down its activities and all that we have now is a humanitarian condition that have challenged particularly everything we have.”

He called for more concerted efforts from the international community in adddressing the humanitairn situation together with the Nigerian government, stressing that “insurgency is a major problem especially violent extremism and the consequences of it are so grave.”

Earlier, the UN Special Envoy, Mr. Ahmed Alhendawi expressed his appreciation for the warm welcome for him and his delegation being his first visit to the country. He said he was in the country to discuss with the UN Country Representatives on youth programs and advocated for a coordinated national youth policy pledging the support of the UN system in that regard. The envoy was joined for the visit by UN Country representatives from UNDP, UNFPA, UNICEF, ILO among others.

Keynote Address By VP Osinbajo At The Meeting of The National Council On Development Planning (NCDP), Held In Kano


Protocol
I am delighted to be here with you today for this very important meeting of the National Council on Development Planning (NCDP) taking place in this historic and dynamic city of Kano. I must say how honored i am to be so warmly welcomed. I thank the Kano State Government under the leadership of Governor Abdullahi Ganduje for the warm hospitality extended to me and all participants here. Similar appreciation goes to the leadership of the Ministry of Budget and National Planning for the arrangements made to ensure the successful convening of this meeting.

This Council meeting is well timed and well thought out, as it enables effective partnership and cooperation amongst all tiers of government to envision our collective future while tackling the challenges facing the economy. Your deliberations will also complement the on-going process of articulating the medium term sector strategy 2017-2019 and the 2017 Budget.

The focus of the 2016 NCDP’s meeting is on “National Strategic Planning as Vehicle for Attainment of the Sustainable Development Goals (SDGs) in Nigeria” This focus is appropriate indeed.

It shows the intrinsic link between planning and expected outcomes, in this case the SDGs. The adoption of the SDGs in September 2015 was intended to place our world on the path of sustainable development by the year 2030.

The 17 SDGs which combine economic, social and environmental objectives are intended to be universal unlike the Millennium Development Goals which were meant solely for developing countries.

The universal application of the SDGs and their 169 targets show that they are a menu of options. This allows implementation to take account of different national realities, capacities, policies and priorities. In the Nigerian context, some of the issues that must engage our minds relate to economic diversification, boosting economic growth, eradication of extreme poverty, promoting social inclusion, creating jobs and stemming environmental degradation including climate change.

The empirical evidence from across the globe has shown that national strategic planning is very critical for attaining structural transformation and sustainable development. The countries of East Asia have proved this convincingly even though their development was largely private sector driven.

Such plans provide strategic direction, coherence and coordination. They are indeed a framework for guiding the activities of all stakeholders towards achieving a common goal. Planning specifics such as goals, targets and indicators which embody the SDGs also enable tracking, monitoring and evaluation.

Excellencies, Distinguished Ladies and Gentlemen-

Successful implementation of strategic plans and attainment of the SDGs entail partnerships as encapsulated in Goal 17-which is about the need to create (global) partnerships in order to attain sustainable development. Accordingly, just as the Federal Government seeks international partnerships at the global level with regard to rules and resources, we also seek partnerships at the national level. Such domestic partnerships entails working closely with the States which is one of the main reasons for the establishment of NCDP. Other essential partnerships are also being built with other sectors of society especially the private sector which is the indisputable engine of growth in successful economies.

Let me now speak about some of the things that the Buhari Administration is doing with regard to strengthening short and medium term planning. We have strengthened the link between budgeting and strategic planning by merging the National Planning Commission with the Budget Office of the Federation. We have adopted Zero-based Budgeting which compels the interrogation of public expenditure at micro levels and allows effective deployment of limited financial resources to areas and sectors with the greatest need. We have used a short-term strategic implementation plan to guide the 2016 budget and just yesterday the Federal Executive Council approved the Medium Term Expenditure Framework and the Fiscal Strategy Paper which are fully consistent with the SDGs and AU Agenda 2063.

The strategic priorities of the Federal Government in the area of tackling insecurity, combatting corruption and growing the economy will undoubtedly find expression in any medium term plan. The same is true for the policy interventions in the Strategic Implementation Plan notably with regard to the policy, security and governance; diversification of the economy; power, rail and roads; oil and gas reforms; ease of doing business and social investments.

The commitment of the Buhari Administration to promoting broader macroeconomic and structural reform is obvious in our push to mitigate supply-side constraints. With the deregulation of the downstream petroleum sector there has been a significant increase in the availability of petrol throughout the country with savings of N1.4 trillion on subsidy payments alone. Also a more flexible exchange rate regime will help to ease the pressure on the external reserves. In the short run of course there will be consequences for inflation, but we expect that with the greater clarity we are seeing in the implementation of the policy by the CBN, the foreign exchange market will stabilise, and confidence will be restored.

With regard to diversification, agriculture is a major priority of this government. The obvious gains are food security and a reduction in the financial burden and pressure on foreign exchange resulting from importing foods that we can produce. We are therefore looking to self sufficiency in a number of key types of produce including rice, wheat and tomato paste, while scaling up the export of traditional and non-traditional crops like cocoa, cassava, cashew and sesame seeds.

A strategic framework for coherent coordination of trade, industrial and investment activities is also being developed. A mixture of support instruments and incentives will be used to bring about growth in sectors that are critical for economic revitalization, especially in agriculture, agri-business, agro-processing, and SMEs promotion. It will also leverage the Nigeria Industrial Revolution Plan comprising Nigeria Automotive Development Plan, National Sugar Master Plan, and Local Patronage Initiative. I urge State Governments to key into and get maximum leverage from these initiatives.

Indeed, infrastructural development is being accorded priority in current interventions with total capital budgetary releases from January to July 2016 amounting to over 50% of total budget that has been released to the MDAs going to these needs. If security is added, this rises to over 70% with the Presidential Initiative for the North East being prioritized in order to give a new lease of life to our people in North East.

Some of the key Sustainable Development Goals relate to the social sector which is very much in tandem with the priorities in our social intervention programme. Just as conditional cash transfers address Goal 1 which aims to eliminate extreme poverty, we are also tackling Goal 2 which aims for zero hunger through our Home Grown School Feeding Programme which was launched in July 2016. The Teacher Corps programme to put 500,000 unemployed young graduates to work meets the objectives of Goal 4 on quality education and Goal 8 which is about employment.

In other words, our on-going interventions speak to the ultimate aim of the SDGs to get people out of poverty and address health and education issues of children and other vulnerable groups.

It is important to emphasise that neither planning nor implementation can gain much traction without strong governments and institutions . The capacity to implement is largely a function of the ability of state institutions to deliver social goods. Public health for example, eradicating Polio, AIDS, Laser fever, Ebola, depends so completely on , well funded, well resourced healthcare systems. A healthcare system organised to respond promptly, efficiently and robustly will save more lives and livelihoods than one that is less endowed. The capacity to enforce not just law and order, but social services like immunisation, public education programmes, is the very essence of Statehood.

Excellencies, Distinguished Ladies and Gentlemen,

Let me take this opportunity to highlight the African Union Development Agenda which is described as “Ágenda 2063”, to which Nigeria, has subscribed.

Agenda 2063 seeks to develop an Afro-Centric or home grown development framework that is predicated on harnessing the vast opportunities of the continent, as well as proffering solutions towards addressing the peculiar challenges African Nations are faced with in the current global sphere. It is a call to action to all segments of African Society to work together to build a common future and destiny as espoused in the AU vision. It represents a source of inspiration for the development of national and regional sustainable development plans.

The task before us therefore requires finding ways to promote partnership and collaboration in the articulation of a strategic national plan that that is aligned to the SDGs and the AU Agenda 2063. I enjoin you to participate actively in all related activities such as taking stock of the country’s performance particularly on the defunct MDGs, convening multi-stakeholders dialogues and validations at zonal levels, and the work of Technical Working Groups. Such active participation will ensure that the concerns, interests and aspirations of our people are reflected in annual budgets and national development plans. It will also quite naturally help to ensure effective implementation.

Other critical challenges we will face in mainstreaming and implementing the SDGs are in the areas of implementation capacity, needs assessment & costing, financing etc etc. Others include rationalisation of the 169 targets and identification of the ones that are most relevant to our specific needs, situation and challenges, and harnessing baseline and disaggregated data needed to monitor progress. Your contributions on how these issues can be addressed would be invaluable.

Excellencies,

Strategic planning may sound academic or esoteric but the truth is that no modern economy has made notable progress without strategic planning. I must say that governments in Nigeria have never been short of good ideas , good intentions, or even good plans. but one of the key difficulties is just that ability to keep to the plan, plodding through day by day, doing the routine things that eventually fulfil a plan. The discipline to stay focussed over the long term is crucial to the success of any plan. To do so as a team requires even harder work, but success in any aspect of State building requires just that -hardwork.

Nigeria is well placed in terms of human and natural endowment to be a thought leader and economic role model in Africa and indeed globally. I am confident that if we remain positive, determined and focused our country can achieve such lofty goals and great heights that we have set for ourselves.

Permit me to again thank the National Council on development planning for their kind invitation to me to be here, and may I wish you a very fruitful and productive meeting and look forward to receiving the outcomes of this meeting and another invitation next year.

Thank you all.

Thursday, 25 August 2016

First African Board Games Convention Debuted in Nigeria






On Sunday 21st of August, Abuja was home to Made in Africa board games as KayCee Games in partnership with Decipher solutions hosted the first ever Boardgame Conventions in Nigeria and arguably in the West African coast. The day was a mixture of Made in Africa boardgames; book exchange, music and spoken words all having an African content and message.

The African Boardgame Convention #ABCon2016 was created by Kenechukwu Ogbuagu who also is the founder and Creative Director of KayCee Games.

“I love to tell stories and I think boardgames are also a medium to tell these stories. Africa, Nigeria has great stories and I have been able to tell some of them through my boardgames”, he said.

The event featured 7 out of 11 boardgame prototypes created by KayCee Games and caught all the attendees into a world of fantasy and imagination in an African setting.

“I started designing board game in 2013 in Calabar but it was just out of hobby and boredom. I never took it serious until June 2015 when I was in Ikorodu volunteering with an Organization. I started with Ukubuwa which means Greatness in Swahili language – though I actually misspelt it. The boardgame tries to tell the story of an average Nigerian and in a large extent an African. In fact, I even added some of my past stories; the game shows you the stages every young Nigerian is most likely to pass through and then immerses you in those situations. After Ukubuwa, I designed IJE which was inspired by a Nollywood movie I had seen when I was like 8 years old or so. It is about how a group of brave men entered the ‘evil’ forest in a bid to get items that would save their land. Only one person survives. The storyline intrigued me all through my childhood and I decided to let people into the world of bravery and courage. Since then, I have been able to design 9 more including one I designed to fit a particular brand and each of the games has an underlining Nigerian component to it.”. He explained when asked what inspired him to started designing board games”.

In 2013, non-digital games and puzzles racked up $1.9 billion in sales in the United Staes according to Toy Industry Association Inc., up 3 percent over 2012 and expected to rise in the following years. Board games/Tabletop Games contributed $700 million.

“Board games have proven to be a great contribution in relieving the human stress as well as increasing learning and knowledge. It has in recent times proven to also be a more-than-decent source of livelihood producing massive employment opportunities that can be categorized as almost all-inclusive”.

When asked if he intends to compete with the internet and social media, he responded, “Boardgames will never be able to compete with Facebook let alone the whole of the internet. An example is, how many games do you have in your phone and how much hours do you put in playing them compared to the twitting and facebooking times? Anyways, board games is not going to compete. It will be a conscious decision for people to play boardgames and they will because the advent of social media has surprisingly provided more opportunity for a more physical world where individuals, families and groups hope to have a more physical and more connected relationship with one another. That is the problem we are hoping to achieve. We are creating board game centers and we currently have 2 in Abuja and hope it increases to 25 by December if we have the investments. This will provide people with more opportunity to play games and meet new people or strengthening existing ones”.

#ABCon2016 has come and gone as KayCee Games dishes out other exciting moments that would thrill anyone interested in the world of board, card and dice gaming. This new industry poses a hug opportunity in helping to address the unemployment rate in Nigeria amongst young people and likewise serves as a made in Nigeria tool that could also be consumed globally yet telling our stories and our cultures.

People like Kenechukwu have proven the creativity and innovativness of young Nigerians creating their value.



ntel Now Is More Data At Lesser Cost

Kamar Abbas ntel CEO

According to a statement in Lagos, he said ntel had unveiled a two for three data promo for customers, who want to enjoy more data for less on the network.

The new company network that was announced on April 8, 2016 take off is unlimited bundles for internet subscribers, now it is more data at a lesser cost, the Chief Executive Officer of ntel, Mr Kamar Abass, said on Wednesday.

Abass said that ntel was offering prospective customers who buy any of the 4G/VoLTE-enabled Tecno Camon C5 or Konka R2 devices the opportunity to enjoy three months data for the cost of two months.

NAN reports, the new deal would delight customers with unlimited data on its Fourth Generation (4G)/Long Term Evolution (LTE) Advanced network.

The customers would make crystal clear High Definition (HD) calls on the devices which also supported streaming, browsing, messaging and hotspot services, without data caps or throttling.

Abbas said “ntel’s overarching aim is to enhance productivity by enabling broadband access to Nigerians and doing that entails price points that provide access without impoverishing subscribers.”

“That is what this offer means and we will soon be extending our coverage and services to Port Harcourt to enable more Nigerians experience ntel’s HD voice and superfast internet services, enabled over a 4G/LTE advanced network,” he said.

Ntel, is the new name of the former state-owned Nigeria Telecommunication Limited (NITEL) and its mobile unit, Mtel.

Nigeria and British Council Signs MoU To Revive Dormant Festivals and Traditional games


The Minister of Information and Culture, Alhaji Lai Mohammed, on Wednesday signed an MoU with the Chief Executive of the British Council, Sir Ciaran Devane, with a request for partnership to help train festival managers, revive the country’s major festivals and prevent its traditional games from dying.

The agreement was signed in Edinburgh, Scotland, on the sidelines of the ongoing 2016 Edinburgh International Festival Summit.

The Minister described the MoU as the height of the “spirit of cooperation that has taken us thus far”, saying however that it must put more emphasis on substance rather than form

“We need to have a work plan that will enable us to measure achievement year by year,” he said. “An MoU that does not achieve visible results is not worth its while.”

Alhaji Mohammed said the challenge facing the sector is how to ensure that it transits from creative industry to creative economy.

Alhaji Mohammed said the country is interested in capacity building for festival managers with a view to changing its festivals from mere fun events to business.

He said Nigeria is particularly keen to revive such grand festivals as the Durbar and Argungun, which have not been held for some years, as well as to prevent such traditional games like ‘ayo’ from dying, because of their importance in teaching sportsmanship and promoting tolerance.

In his comments, Sir Ciaran expressed his delight at the partnership between the Ministry and the British Council.

He expressed the hope that the MoU will allow both parties to translate their intent into action

“The British Council is delighted to assist in any way we can” to take the partnership further, Sir Ciaran said.

Apart from the British Council, the Ministry also plans to sign a similar cooperation agreement with the Tony Elumelu Foundation.


Meet Godwin Emefiele, The New President Of AACB


The Association of African Central Bank Governors has pointed out the inability of African States to sustainably meet some of the criteria for macroeconomic convergence because of the negative impact of the international environment including the fall in prices of raw materials and commodities.


In a communiqué after the 39th meeting, they called on countries to strengthen efforts at implementing structural reforms, in order to diversify their economies, improve the business environment and promote intra-regional trade, in order to strengthen their resilience in the face of external shocks. The Assembly of Governors at the end of the AACB meeting chose: “prospects for monetary integration in Africa: lessons learned from the experience of monetary and financial integration of Europe” as theme for the year 2017 symposium.

The Assembly of Governors of the AACB, otherwise, particularly examined the state of implementation of the African Monetary Cooperation Programme (AMCP).

The governors also reviewed the implementation of the work programme of the Community of African Banking Supervisors (CABS). This program has helped to set up an intranet platform to facilitate exchange of information between banking supervisors across Africa. To support the actions of the cabs, a project for collecting information on the activities of cross-border banks will be implemented in the coming months. It will allow for the identification of risks associated with these activities.

At the conclusion of their meetings, the Assembly of Governors elected Mr. Godwin Emefiele, the Governor of the Central Bank of Nigeria as President of the AACB for the 2016- 2017 year.