Uncategorized

NO COUNTRY IN THE WORLD CAN DEVELOP FURTHER WITHOUT CONTRIBUTIONS OF ITS SCIENTISTS – OSINBAJO

VP harps on importance of business environment reforms, receives PEBEC mid-term report on National Action Plan 7.0

Due to their centrality, especially in the age of technology, Nigerian scientists should get adequate support in the drive towards national development.

Vice President Yemi Osinbajo, SAN, stated this on Monday when he received, on a courtesy call at the Presidential Villa, Abuja, a delegation of the National Institute for Pharmaceutical Research and Development (NIPRD), Abuja, a parastatal under the Federal Ministry of Health.

The NIRPD delegation, which was led by its Director-General/CEO, Dr. Obi Peter Adigwe, made a short presentation to the Vice President on its projects which focused on three thematic areas: uterine fibroids, prostate issues and men’s health, and sickle cell disorder.

Acknowledging the work being done by the Institute in the areas of medical research and pharmacology, the Vice President said he was proud of the amount of work being done by them.

“I’m truly proud of what is going on in NIPRD; the sheer amount of serious work that is coming out of there. And I am pleased that at least we are taking our scientists seriously. I don’t believe that there is any country in the world that can really appear to be doing well, not to talk of doing well, if they don’t take their scientists seriously.


“It is very evident that we must do something more serious about our scientists; and we must continue to ensure that they provide the leadership in terms of innovation, medical research, engineering and all of the various other areas that are important to our development.”

Referencing the inadequate access to COVID-19 vaccines for developing countries at the height of the global pandemic, the VP stated that “Africa needs to do a lot more in terms of developing capacity to solving our problems.”

This is one of the reasons why the VP commended the work being done by the Institute.

“Everybody at the end of the day will solve their own problems. And I think that we have all the capacity to do so, and that capacity is very well represented in NIPRD, in the excellent talents and experience that you have put together,” he noted.
The Vice President further observed that it is becoming increasingly important to provide requisite incentives to encourage and reward local scientists.

“Here in Nigeria, obviously, we need a bit more in terms of being able to manage and reward talents so that people remain and then are able to do the work,” he said.


Prof. Osinbajo praised the NIPRD team for providing solutions to local issues and being able to deliver on its mandate within the limited resources it has, while assuring them of the Federal Government’s continued support in improving their capacity and infrastructure.

“We should continue, and push even more, in that direction,” he added.
The DG/CEO of NIPRD, Dr. Obi Adigwe, in his remarks, thanked the President Muhammadu Buhari administration for its continued support.

He also commended the Vice President for championing the progress and development of the Institute, noting that the VP’s remarks at the Institute’s conference in October 2021 was a major inspiration behind their ongoing projects.


Prof. Osinbajo had declared the three-day International Conference on Health Access and Socio-Economic Development Beyond COVID-19, which was organized by NIPRD.

Recalling the VP’s remarks during the conference, where he noted that Africa should find solutions to African problems, Dr. Odigwe said, “Your Excellency, we appreciate the role that you played in headlining the conference. As you identified during our meeting, we need to begin to take national pride in providing solutions to our problems. Thank you for your constant engagement, encouragement and support. We do not take it for granted.”

He added that the global recognition the Institute had garnered in recent years, as well as the milestones it has achieved so far, “is a demonstration of what can be done when we get the right political support to underpin what we do as scientists.”


While acknowledging the impact of the Buhari administration on turning things around at the Institute, the DG said, “prior to this administration’s interest in the Institute, we had suffered decades of neglect. But with its interventions, we have now received over 100 new equipment. This now means that the Institute has emerged as one of the reference points in various thematic areas in Africa for the analysis that we do.”

Earlier on Monday afternoon, also at the Presidential Villa, Abuja, the Vice President presided over the Presidential Enabling Business Environment Council (PEBEC) meeting, where he received the mid-term report of the Council’s 7th National Action Plan (NAP 7.0), which has a 60-day cycle.

The meeting was attended by Federal Ministers, including the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo; Foreign Affairs, Geoffrey Onyema; Works & Housing, Babatunde Fashola; Information, Alhaji Lai Mohammed; and Police Affairs, Alhaji Maigari Dingyadi.

Others include the Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu; as well as senior officials/ representatives of federal government agencies.

At the meeting, the VP urged Ministries, Department and Agencies (MDAs) of government to ensure the successful implementation of reforms under the Council’s NAP 7.0.

In line with the commitment to improving the business environment in Nigeria, the Council had commenced NAP 7.0 on February 7 to drive the implementation of these key reforms.

Referencing the commitment of the Buhari administration to improving the economy, the VP stated that implementing “these reforms are vital” towards further improving the country’s business environment

“This is why we must have these reforms. It is also important that all the procedure reforms can be put in place. At meetings like this, issues that should be resolved are escalated for onward resolutions; and those things that need to be done have to be done,” he said.

The Vice President commended the PEBEC team led by the Special Adviser to the President on Ease of Doing Business and Council Secretary, Dr. Jumoke Oduwole, for their hard work and commitment towards ensuring the implementation of the reforms.

In his remarks after the presentation of the progress report, the Minister of Industry, Trade and Investment stated that the Council noted the need for a lot more work to be done by government agencies in implementing the priority reforms, in order to boost the country’s economy.

In her presentation to the Council, the Special Adviser to the President on Ease of Doing Business, Dr. Jumoke Oduwole, stated that there are 58 reforms for implementation under NAP 7.0, which will run from 7th February to 7th April 2022.
She added that as at March 8 – day 30 of the Plan – the reforms implemented stood at 26%.

The indicators for NAP 7.0 are focused on five broad areas for reforms, namely: agro-export, airport, automation, regulatory and Executive Order 1 (EO1)/ReportGov.NG reforms.

“So, we really need to drill down on those escalations, hold agencies accountable, and encourage them to push more to deliver these reforms for Nigerians,” she stated.
The National Action Plan is a signature homegrown 60-day accelerator and reform tool designed by PEBEC to coordinate the effective delivery of priority reforms of select ministries, departments and agencies annually.

Leave a Comment

Your email address will not be published.

You may also like

Business Culture Investments Opinion Tourism Travels

Transcorp Hotels Plc Achieves Remarkable Financial Milestones at 10th Annual General Meeting

post-image

Dupe Olusola, the Managing Director/CEO of Transcorp Hotels Plc, has announced the company’s exceptional performance at its 10th Annual General Meeting held on Monday. With resounding applause from shareholders, Transcorp Hotels Plc has once again demonstrated its strong financial prowess and commitment to delivering value.

In her statement, Dupe Olusola highlighted the following key achievements:

– A remarkable 36% growth in revenue to N41.5 billion.
– A notable 37% increase in gross profit to N29.8 billion.
– Profit before tax surged by an impressive 105% to N9.5 billion, more than doubling from N4.6 billion in 2022.
– Profit after tax soared to N6.1 billion, reflecting a remarkable 133% increase from the previous year.

The first-quarter results for 2024 further underscored Transcorp Hotels Plc’s robust performance, with revenue growing by 72.2% from N8.03 billion to N13.83 billion. Profit before tax stood at N6.09 billion, while profit after tax…

Read More
Business Economy News Opinion Society Software Technology Technology Trends Telecoms

SIM Boxing, And The Unboxing of a Crime Syndicate

post-image

 

 

Boxes have a multitude of uses, and the word “box”, lends itself to diverse contexts. For “Ajala Travelers,” the box is a necessity for keeping goods for their endless journeys. In literature, idiomatically, it can be said that “one has been boxed into a corner;” another might say to deal with a conundrum: “think outside the box;” then there is the “Pandora’s box” that no one wants opened. To “box one’s ear’s” refers to a hit on the head, especially around one’s ears. For those who celebrate Christmas, “Boxing Day,” which is the 26th of December, the second day of Christmastide is not to be joked with: A day to unbox gifts. So much for the box.

 

Another type of boxes exists in the telecommunications world: The SIM Box. Have you ever received an international call but saw a local phone number ring in? That is SIM Boxing in action….

Read More
Business Culture Economy Energy

NNPC Chief, Mele Kyari, Honored with NUJ Good Governance Award

post-image

 

In a commendable acknowledgment of his dedication to transparency and good governance within NNPC Limited, Mr. Mele Kyari, the Group CEO, has been bestowed with the prestigious 2024 Nigeria Union of Journalists (NUJ) Good Governance Award.

The accolade, presented during the NUJ’s Good Governance Awards Night & Dinner at Abuja’s Barcelona Hotels, highlights Kyari’s remarkable efforts in advancing accountability and integrity within NNPC Limited. Representing Kyari at the ceremony was the Chief Financial Officer of the Company, Mr. Umar Ajiya, who graciously accepted the award on his behalf.

The event served as a platform to celebrate individuals and organizations committed to fostering good governance practices across various sectors in Nigeria. Kyari’s recognition underscores the vital role of transparency and accountability in driving sustainable development and progress within the nation’s vital industries.

The NUJ Good Governance Award not only acknowledges Kyari’s personal achievements but also reaffirms NNPC Limited’s commitment to upholding the highest…

Read More
Business Economy

Chowdeck Secures $2.5 Million in Seed Funding, Spearheading Growth in Nigeria’s Food Delivery Sector

post-image

 

 

Tobi Fasipe, Rider Operations Lead at Chowdeck, announced today a significant milestone in the company’s journey, as it secured $2.5 million in seed funding. This investment marks a pivotal moment for Chowdeck, highlighting its rapid expansion and commitment to revolutionizing the food delivery landscape in Nigeria.

Fasipe expressed his excitement about the recent achievements, citing the remarkable growth of Chowdeck’s on-demand delivery service. From processing just 1,000 deliveries daily upon his arrival, the company now boasts a dedicated team of over 3,000 riders handling an impressive 14,000 deliveries per day across 8 major Nigerian cities.

The meteoric rise in delivery volumes underscores Chowdeck’s relentless pursuit of excellence and dedication to providing exceptional service to its customers. This commitment is further evidenced by the company’s Gross Merchandise Value (GMV), which skyrocketed from ₦1 billion in October 2023 to an impressive ₦2.4 billion by March 2024, marking a remarkable 140% increase in just…

Read More
Business Economy Society

UBA Group GMAP Graduation Ceremony: Insights for Success Unveiled

post-image

 

In a resounding declaration of ambition and determination, the 2024 cohort of UBA Group’s Graduate Management Trainee Program (GMAP) stepped onto the stage last week, marking the beginning of their journey within the prestigious financial institution. Led by a seasoned executive, the induction ceremony not only welcomed the newcomers but also imparted invaluable insights for navigating the intricate pathways of career growth and personal development.

Reflecting on his own humble beginnings, the executive shared anecdotes from his early days as a trainee, highlighting the blend of ambition, thirst for knowledge, and the daunting challenges that lay ahead. Eager to engage with the fresh talent, he opened the floor to questions, unveiling the aspirations and concerns of a generation poised to leave their mark on the world.

Among the plethora of wisdom shared, several key takeaways emerged from the insightful dialogue:

1. Conquering Challenges with Resilience:** Armed with anecdotes from his own journey,…

Read More
Business Economy

Self-sustainability solutions and smart technology will help South Africa overcome its water crisis

post-image

 

 

Technology company, Versofy, best known for its solar solutions and services, says that preparing for South Africa’s water crisis should become a significant priority. The company, which is fast becoming a necessity-driven entrepreneurial brand, believes that further use of smart technology will also remain critical when addressing the pressing issues of water scarcity in South Africa.

 

Ross Mains-Sheard, Co-Founder and CEO of Versofy, says that South Africa’s water crisis is fast approaching scarcity status: “We believe that by promoting self-sufficiency and sustainability through our own smart technology solutions, we will help to address the increasing concerns regarding an imminent water shortage.”

 

The Development Bank of Southern Africa (DBSA) estimates that 2.2 billion people across the globe don’t have access to clean drinking water. This is of concern when considering that water is a basic need for health and hygiene.   According to DBSA, South Africa’s physical water scarcity will become…

Read More
Business Culture Economy Entertainment Investments

Nigerians Rally Against DSTV’s High Subscription Rates, Embrace SLTV as Affordable Alternative – Anthony Emeka Nwosu

post-image

 

Amid mounting dissatisfaction with DSTV’s steep subscription fees, Nigerians are turning to SLTV in droves, marking a significant shift in the country’s television landscape.

The online outcry against DSTV gained traction when Mike Igozino voiced his frustration, announcing his switch to SLTV and condemning DSTV’s exploitation of hard-earned income. His sentiments resonated widely, sparking a wave of support for SLTV as a more economical option for premium entertainment.

“I can watch all Premier League, Champions League, Italian and Spanish leagues with just #5K monthly?! And DSTV collects 23,800 from me monthly… Nigerians, shine your eyes, DSTV came to steal from us,” declared Igozino, encapsulating the sentiment of many disillusioned consumers.

Jennifer Chioma Owolabi echoed the sentiment, expressing her eagerness to explore SLTV as a viable alternative to DSTV. She sought insights into SLTV’s offerings beyond sports channels, highlighting the growing interest in diversifying entertainment options.

Read More
Business Economy Society Software

Azentio Software wins three honours at IBS intelligence (IBSi) Digital Banking Awards 2024

post-image

Azentio Software (“Azentio”) (www.Azentio.com), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that it has won three awards with its respective clients, at the IBSi Digital Banking Awards 2024 ceremony, held as a part of the prestigious Cedar-IBSi Digital Banking & AI Summit, on April 19 in Bengaluru, India. The company was declared Segment Winners I SME/Corporate Banking, Regional Winners I Middle East & Africa, and Segment Winners I Compliance Management.

 

Organised by IBS intelligence (IBSi), one of the world’s leading financial technology research, advisory, and news analysis firm firms, the annual award program honours technology players, Banking as a Service (BaaS) providers, digital banks, neo banks, and challenger banks for their excellence in driving impact through technology implementations and innovations using emerging technologies.

The Azentio Accolades

  • Digital Badge of Segment Winners I SME/Corporate Banking
  • Digital Badge of Regional Winners I…
Read More