At Transcorp Group’s 18th Annual General Meeting, Chairman Tony Elumelu announced the Group’s impressive growth and financial performance for FY 2023.

Despite continued uncertainty in the operating environment, Transcorp Group and its subsidiaries recorded increased earnings and cash flow for the year. This success was driven by a strong corporate governance culture, a commitment to sustainability, and a consistent focus on improving the well-being of our people.

From the beginning of 2023 to date, Transcorp Group’s combined market capitalization on the Nigerian Exchange has grown from N114 billion to over N4.4 trillion—an extraordinary achievement in our industry.

A remarkable milestone celebrated at the AGM was the Group’s 10-year streak of unbroken dividend payments. Since its listing on the NGX, Transcorp Group has consistently created value for its shareholders, marking the 10th consecutive year of steady dividend payouts.

Transcorp Group has also continued to diversify its earning base, expanding from its initial asset, Transcorp Hotels, into the power and energy sectors. The recent acquisition of Abuja Electricity Distribution Company (AEDC) marks a significant and strategic addition to our power portfolio.

“We began investing in power because we recognized the significant role access to electricity plays in Africa’s transformation. Power is the engine behind every industrialized and developed nation. It must be prioritized as a critical aspect of our nation’s transformation agenda,” said Tony Elumelu.No alternative text description for this image

However, the current situation in the power sector is disheartening, with the Nigerian power sector owed over N2 trillion. Transcorp Power alone is owed over N250 billion as of March 2024. “We need this debt settled so the power sector in Nigeria does not collapse,” Elumelu emphasized, calling for Federal government intervention through the Minister of Power to tackle the significant issues and unlock the value inherent in this critical sector for the benefit of our people.

Elumelu expressed immense pride in Transcorp’s value creation and its consistent position as one of Africa’s leading conglomerates. The accomplishments of 2023 reflect the commitment of the Board of Directors, management staff, and all employees, as well as a dedication to improving lives and transforming sectors of operation.

“I deeply appreciate everyone who has played a significant role in executing Transcorp Group’s vision. To our customers and esteemed shareholders, thank you for your unwavering support and trust in Transcorp. Transcorp Group shares should be your treasure—something you buy and bequeath to your children. I take considerable pride in our accomplishments in 2023 and am confident in our ability to sustain growth and generate additional value in the future,” Elumelu concluded.

 

 

 

May 27, 2024 – Imagine a world where every child in Nigeria can chase their dreams, fueled by creativity, and empowered by technology. At Airtel Nigeria, that’s the future we are committed to building.

On this Children’s Day, we celebrate the infectious laughter, boundless energy, and incredible potential of Nigerian children. These children are the future doctors, artists, and tech wizards who will shape our nation’s tomorrow.

Airtel Nigeria is dedicated to supporting their well-being through our Touching Lives program and our brand message — ‘A Reason to Imagine.’ We believe in fostering an environment where every child can thrive, dream big, and achieve their full potential.

Join Airtel Nigeria in creating a future where every child in Nigeria can truly shine!

 

 

 

 

Construction Kaiser Limited (CKL) is pleased to announce the appointment of Temitayo Oguntade as its new Chief Financial Officer, effective May 2, 2024. Temitayo is a seasoned finance and business professional with over 12 years of versatile experience at both strategic and operational levels.

Temitayo’s career began with PwC Nigeria, where she gained invaluable experience in audit and consulting. She then successfully led finance functions in two different organizations, demonstrating a proven track record in stakeholder management, tax planning, financial and management accounting/reporting, budgeting and forecasting, internal control, corporate finance, and business strategy.

CKL is confident that Temitayo’s extensive experience in finance and strategic planning will significantly contribute to the company’s ongoing success. Her expertise will strengthen CKL’s financial controls, align business processes with corporate strategy, and enhance overall business performance.

With Temitayo’s wealth of experience and expertise, CKL is poised to achieve even greater success, reinforcing its commitment to excellence in financial management and operational efficiency.

 

 

1. Follow your passion: The movie strongly emphasizes the importance of pursuing one’s passion rather than conforming to societal expectations or pressures. Farhan, one of the characters, is initially studying engineering under his father’s direction. However, his true desire is to become a wildlife photographer, a path he eventually pursues. This shift makes him much happier and more successful in life. This lesson teaches us that fulfilling your true interests can lead to greater satisfaction and success.

2. Creativity and innovation over rote learning: Rancho, the central character, challenges the traditional education system, which often emphasizes rote memorization over real understanding. He demonstrates that curiosity and creativity lead to true learning, which can solve practical problems. For example, he innovates to create affordable medical technology. This approach not only makes learning more enjoyable but also more practical and applicable in real life.

3. The importance of friendship: Throughout their college years, the trio of Rancho, Farhan, and Raju face numerous challenges but their friendship remains strong. They support each other through personal and academic struggles, showing that true friends can provide emotional strength and resilience. The movie highlights how valuable good friendships are in overcoming the lows of life.

4. Learning should be a joy, not a burden: Rancho advocates for making education joyful rather than stressful. He believes that students should understand concepts rather than just memorize facts to pass exams. This approach encourages a healthier attitude towards education and can lead to a lifelong love of learning.

5. Never give up in the face of adversity: The characters in the movie face significant obstacles, from financial issues to family pressures and academic failures. However, they learn to face these challenges with a positive attitude and perseverance. Raju, who struggles with family financial issues and career pressures, ultimately succeeds by focusing on his strengths and not giving up despite several setbacks.

These lessons from “The Three Idiots” are valuable not only in education but in everyday life, encouraging us to pursue our true passions, cherish our friendships, innovate, enjoy the process of learning, and stay resilient against adversities.

ROWLAND AKINTUYI

 

 

The Ministerial Sectoral Briefing continued today with comprehensive updates from the Honorable Minister of Agriculture and Food Security, Sen. Abubakar Kyari, and the Honorable Minister of Aviation, Festus Keyamo.

Sen. Abubakar Kyari, the Minister of Agriculture and Food Security, highlighted several key achievements of his ministry. These include:

– Supporting 107,429 wheat farmers
– Releasing 42,000 metric tonnes of food to NEMA
– Distributing 58,500 metric tonnes of rice
– Fortifying crops with Vitamin A

In the past year, the ministry has concentrated on pest control, livestock management, fertilization, and mechanization. It has established partnerships with Brazil for mechanization hubs and signed MOUs with John Deere and Tata Africa for tractor assembly. The first tranche of 500 tractors is already being shipped to Nigeria.

The Minister of Aviation, Festus Keyamo, outlined his five focus areas: safety compliance, support for local airlines, infrastructure improvement, human capacity development, and revenue generation. Key achievements in the aviation sector include:

– Remodeling the Lagos International Airport’s Arrival Hall
– Operationalizing a new international terminal
– Reactivating Lagos Airport’s second runway
– Clearing a backlog of trapped funds
– Securing an Open Skies agreement with the United States
– Reviving cargo operations
– Revitalizing Hajj terminals
– Launching aviation degree programs

These updates underscore the government’s commitment to advancing the agricultural and aviation sectors, ensuring sustainable development and enhanced service delivery for Nigerians.

 

 

 

The Executive Vice Chairman and CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu (@KSHalilu), attended the Energy Access Investment Forum (#EAIF2024), one of Africa’s largest off-grid electrification programs. The forum featured in-depth discussions on the evolving global energy landscape and the critical need to explore cutting-edge technologies, investment opportunities, and policy frameworks that will significantly impact the future of clean energy accessibility in Nigeria.

Held in Lagos, #EAIF2024 was hosted by the Renewable Energy Association of Nigeria (@theREANigeria) in collaboration with the World Bank (@WorldBank), the European Union in Nigeria (@EUinNigeria), and the Rural Electrification Agency. The forum provided a vital platform for industry stakeholders to convene, share insights, and establish strategic partnerships aimed at driving sustainable development and innovation within the energy sector.May be an image of 7 people, people studying, dais and text that says "வடபபட. CLOSED-DOOR SESSIONS EWORLD AЛK Scal να Scala P oductive KSH"

At NASENI, clean energy is a top priority. The agency has forged partnerships with both local and international stakeholders to implement clean energy projects that enhance the production capacity of clean energy products and promote the utilization of local content. These initiatives align with NASENI’s commitment to fostering sustainable development and ensuring energy accessibility for all Nigerians.

 

Professor Ndubuisi Ekekwe, a renowned professor, entrepreneur, and investor, has expressed his gratitude to the President of Nigeria for including the construction of an airstrip in Abia State in the Federal Government’s budget. A team from the Ministry of Aviation recently visited Abia State to inspect the proposed site for this new airport, signaling a significant step forward for the state’s infrastructure development.

“I want to thank Mr. President for considering my state for the airstrip project, which has been captured in the Federal Government of Nigeria’s budget,” stated Professor Ekekwe. “I also commend Mr. Governor for his vision to upgrade the airstrip to a full airport. With the substantial financial support from the federal government and a modest contribution from the state, we can turn this vision into reality.”

Professor Ekekwe emphasized that the new airport will complement, not replace, the ongoing development of railway and road networks within the state. “This airport project does not diminish the importance of the planned railway and road networks that the state is currently working on. With the federal government’s funding, Abia will soon have its own airport,” he added. “Mr. President, we need more investments like this!”

Highlighting the necessity of the new airport, Professor Ekekwe pointed out the inconvenience of existing airports. “The Imo airport is more than 2.5 hours away from Ovim, the one in Enugu is even farther, and the Port Harcourt airport is also quite distant. Abia needs an airport that can connect all Abians within an hour. This is a crucial part of our infrastructure equation.”

In a strong call to action, Professor Ekekwe urged the key stakeholders to expedite the project. “Mr. President, Mr. Governor, Mr. Minister, just do it. Period! If there are challenges with this project, let’s address them, but it should not hinder the state’s overall development plans.”

 

 

Various digital social investments in Nigeria, through the Nigerian Communications Commission (NCC) were on showcase at the just-concluded 35th annual conference of the African Public Relations Association (APRA) in Abidjan, Côte d’Ivoire.

Through a presentation by the Head of Media Management Relations at the NCC, Dr. Omoniyi Ibietan, who later emerged as the Secretary-General of APRA after an election at the event which took place from 13th to 17th May, 2024, participants had a glean into some of the digital social investments and infrastructure expansion happening in Nigeria, through regulatory efficiency of the Commission.

In his presentation with the title: “Digital Inclusion as Arbiter of Accessible PR: A Case of the Nigerian Communications Commission,” Ibietan highlighted some 36 initiatives of the Commission within and beyond its immediate regulatory mandate, implemented to promote infrastructure expansion, support SMEs, empower educational institutions, advance innovation and promote digital up-skilling of Nigerian youths.

These include the Advanced Digital Awareness Programme for Tertiary Institutions (ADAPTI); Campus Innovation and Entrepreneurship (CIEP) programme; e-PAD project for 232 institutions; Digital Appreciation Project (DAP) for 247 secondary schools; Digital Literacy Training for Teachers (DLT); Digital Integration Programme (DIP) for MSMEs; and the E-Accessibility programme targeted at persons with disabilities.

Others include the Nigerian Girls Can Code Competition; the Build A-Thon, aimed at enabling young persons to pitch and enhance their skills and new learning experience; Tertiary Institutions Digital Centre (TIDC) for 250 institutions; 2,291 Digital Nigeria Centers (DNC) online/offline educational resources; Local Application and Content Deployment programme; and up to 72 Rural Broadband Initiative projects, among others.

According to him, the NCC through its component special purpose vehicle, the Universal Service Provision Fund (USPF) has undertaken several digital infrastructure projects, programmes and collaborative activities with stakeholders.

“These interventions have caused a shift in digital literacy, fundamentally shrank the digital divide and opened the floodgates of participation in political, economic and social processes, and enabled accessible digital public relations in Nigeria,” he said.

While over 20 papers were presented at the APRA Conference to expound its thematic focus of “One Africa, One Voice: Bridging Africa’s Communication Divide”, Ibietan’s paper was the only presentation that showcased digital infrastructure investments by any African country, even though many papers advocated the centrality of adequate broadband infrastructure in enhancing digital culture on the continent.

Ibietan emphasised that digital inclusion is the ability of individuals and groups to access and fully participate in the digital society, particularly in the use of information and communication technologies (ICTs) such as the internet, computers, and mobile devices.

He submitted that digital inclusion encompasses not only access to digital technologies but also the skills, knowledge, and resources needed to effectively utilize them.

He also emphasised that the phenomenon of digital inclusion is desirable for economies that aspire to grow and develop in remarkable and measurable sense.

He said: “This is because digital inclusion promotes social and economic opportunities, enhances civic engagement and participation, supports education and lifelong learning, fosters digital literacy and skills development, encourages innovation and entrepreneurship, and helps to bridge the digital divide and reduce inequalities.”

He referenced that the COVID-19 pandemic and its fallouts proved the significance of digital infrastructure to the economy.

Luckily, he said: “Nigeria’s investment in broadband infrastructure partly explained why the nation was able to cope with the outbreak of the COVID-19 virus because availability of digital infrastructure helped individuals, businesses and the government to migrate their social and economic activities to digital platforms in order to mitigate the devastating effect of the Pandemic.”

He recommended constant and seamless communication among stakeholders to ensure efficiency in the management and proper harvest of derivable benefits social investment and infrastructural projects.

 

The Minister of Information and National Orientation, Mohammed Idris, has felicitated the newly elected Executive Council of the African Public Relations Association (APRA), elected at the 35th APRA Annual Conference and Annual General Meeting (AGM), which was held in Abidjan, Côte d’Ivoire from May 13- 18, 2024.

Mohammed Idris, also a Fellow of APRA, acknowledged the significance of the election for the advancement of public relations across Africa, adding that while it is a pivotal moment for APRA, the collective expertise, and leadership of the newly elected Executive Council would be instrumental in attaining the long-term vision of the association.

The new APRA Executive Council comprises Arik Karani from Kenya as President, Dr. Michele Mekeme from Cameroon as Vice President, and Dr. Omoniyi Ibietan from Nigeria as Secretary-General.

Idris urged the new Executive Council to “continue the trajectory of reforms in APRA,” stressing the importance of expanding the democratic space by encouraging greater participation of national public relations institutions across the continent. He highlighted the need for inclusivity and collaboration to strengthen the public relations profession in Africa.

The Minister also called on the Executive Council to work closely with the African Union Commission and the Council of Ministers to ensure that public relations remains central to policy formulation, program execution, and project implementation. “Public relations should be at the heart of policy, programs, and project implementation,” he stated.

He also extended his salutations to Dr. Omoniyi Ibietan, the Head of Media Relations at the Nigerian Communications Commission (NCC), on his emergence as the Secretary-General of the African Public Relations Association (APRA).

“Dr. Ibietan is a thoroughbred journalist, public relations expert, and author, who is expected to bring his enormous wealth of experience to bear on APRA positively,” Idris said.

 

Start Innovation Hub is proud to announce that AgriPro Connect, a venture nurtured within its ecosystem, has achieved the First Runner-Up position at the esteemed USPF Changemaker Challenge.

Youth Hanson, representing Start Innovation Hub, expressed exhilaration at AgriPro Connect’s success, stating, “We are thrilled to announce that AgriPro Connect, a team stemming from StartHub Women, has secured the First Runner-Up position at the #USPFChangemakerChallenge!”

The USPF Changemaker Challenge, convened by the Universal Service Provision Fund (USPF) in collaboration with the Nigerian Communications Commission (NCC), serves as a platform to recognize and support innovative initiatives aimed at bridging the digital divide. AgriPro Connect’s achievement underscores its commitment to revolutionizing agriculture through the integration of advanced technology and expertise to empower farmers.

Youth Hanson extended gratitude to the USPF and NCC for the invaluable opportunity and acknowledged the unwavering dedication of the AgriPro Connect team, the indispensable support from mentors, and the encouraging backing from the community. This milestone marks a significant stride in advancing digital inclusivity in agriculture and fostering sustainable farming practices.

Looking forward, AgriPro Connect is poised to continue delivering groundbreaking innovations, driving positive change, and creating lasting impact in the agricultural sector.

Stay updated on AgriPro Connect’s journey via social media:

### #AkwaIbom #AkwaIbomToTheWorld #USPFChangemakerChallenge #USPF #NCC #Bridgingthedigitaldivide #AgriProConnect #Agriculture #Innovation #Technology #SustainableFarming