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Akwa Ibom State Commissioner for Information and Strategy,  Mr Charles Udoh says the provision of infrastructure, industrialisation, integrity in government, human capacity development and entrepreneural development are programmes put in place by the administration of Mr Udom Emmanuel to make the state an enviable and viable place for investment.
The Commissioner gave this indication recently while being hosted by Comfort FM radio in a Breakfast programme.
The Commissioner who stressed that  Governor Udom Emmanuel is poised to make Akwa Ibom State a model for Nigeria added that the completion agenda of the Governor is designed to consolidate on the 5 point Agenda of the first tenure which he enumerated to include wealth creation, job creation, poverty alleviation, infrastructural expansion and inclusion as well as political and economic inclusion.
Mr Udoh said Governor Udom Emmanuel's zeal in making life better for the citizens of the state is unfolded rural and riverine areas development and small and medium scale enterprise innumerable which are some of the programmes ear marked for the governor's Completion Agenda.
He said the provision of rice processing plant and access road to ease transportation of farm produce to the centre in Ini Local Government Area and fish processing plant in rural areas have added value and a great boost to entrepreneurship in the state, this Mr Udoh emphasised has diversifiedn the state's economy and made it more economically vibrant.
The Information Boss applauded the Governor for his mien, integrity and ingenuity in governance. He said this was brought to fore when the Governor Need Analysis and interviews of what citizens actually expected from the government in his second tenure. This Analysis, the Commissioner revealed were the aspirations of the citizens which formed the contents of the Governor's Completion Agenda.
The Commissioner gave an assurance that with the conducive environment provided in the state and the various investment opportunities in addition to the infrastructural development in the state, the relocation of EXXON Mobil to Akwa Ibom State will not be negotiable.
Published in World
Friday, 26 April 2019 05:39

The corruption in the Nigerian media stinks

The  Nigerian media run by mostly government and elitist sycophants, lazy, corrupt, and spineless men without principles has over the years, transformed itself into a deadly major weapon of falsehood, repression and mass destruction as potent and as virulent, pathogenic and invasive as the Ebola virus, doing more harm to the mostly battered psyche of Nigerians than the violent physical human catastrophes a combined effort of Al Qaeda and Boko Haram has done to humanity.
Nigeria cannot actualize itself with this kind of coerced and subdued news retail outlet called the "MEDIA" which its drivers mostly operate without principles because of their compulsive inordinate ambitions to make money at the expense of serving humanity through dissemination of factual information without bias anchored on ethical baselines hinged on global best practices.
The Nigerian news media is on a dangerous downward spiral and therefore, in need of an urgent reversal before it is too late. The news media in Nigeria should chase news and not the credible news begging it for attention even with money before they are considered for publication. 
The failure to report and or, the under-reporting of some news items in Nigeria because of the economics or otherwise of doing so, can create major catastrophes which could lead to avoidable loss of lives especially now when Nigeria is grappling with all kinds of violent criminal activities.
The media in Nigeria is fast losing its vitality as it has mostly become the mouthpiece  and vuvuzela of the Government and the elites who can pay them to spread falsehood or repress the people and the truth in apposition to its essence, and in the process, create real or imagined threats to the safety of the masses and its associated national security challenges.
Mr Itohoimo Udosen
Political/Public Affairs Analyst
This email address is being protected from spambots. You need JavaScript enabled to view it.
Published in Opinion & Analysis

Despite claims by the Independent National Electoral Commission (INEC) that the results of the 2019 presidential election were not on its servers, Atiku Abubakar, the presidential candidate of the opposition Peoples Democratic Party (PDP) has insisted there were results from INEC’s server showing he won in the presidential election.

Atiku, during his submission to the presidential election tribunal, gave the “unique MAC address and Microsoft product ID of the INEC server” from which the results were obtained.

In the results declared by INEC from the 36 states and the federal capital territory (FCT), Buhari polled 15,191,847, while Atiku came second with 11,262,978 votes.

Atiku, in his petition submitted at the tribunal, claimed he garnered a total of 18,356,732 votes to defeat Buhari, who, according to him, polled 16,741,430 votes.

The electoral body had in its response to the petition of the PDP and Atiku at the Presidential Election Petition Tribunal, stated that the result of the election was never transmitted or collated electronically, adding that the results being paraded by Atiku was fabricated and not from its website.

However, in response to INEC’s claim, Atiku and the PDP in a statement released Tuesday said the address of the server from which the results were obtained are unique to INEC.

“The Servers from which the said figures were derived belong to the first Respondent (INEC). The figures and votes were transmitted to the first Respondent’s Presidential Result’s Server 1 and thereafter aggregated in INEC_PRES_RSLT_SRV2019, whose Physical Address or unique Mac Address is 94-57-A5-DC-64-B9 with Microsoft Product ID 00252-7000000000-AA535. The above descriptions are unique to the 15t Respondent’s Server,” they said.

“There is no conjecture in the votes and scores in the table pleaded by the Petitioners. The figures are factual. The Spokesperson for the 2nd Respondent’s Campaign Organization openly admitted that the data in question was in the first Respondent’s Server when he wrote and submitted a petition to the Inspector General of Police and the Director General of the Department of State Services (DSS) asking the Security agencies to investigate the 2nd Petitioner herein for allegedly hacking into the Server of the 1St Respondent and obtaining the data in question.

“Specifically, Mr. Festus Keyamo, SAN, the Spokesperson of the 2nd Respondent claimed in the said petition that it was the first Petitioner who smuggled the data into the Server,” PDP added.

Atiku and the PDP also alleged that the INEC chairman “committed grave errors in the final collation exercise” for the election by “falsely crediting” some persons with political parties, including “Okotie Christopher, Reverend Dr. Onwubuya and Ojinika Jeff Chinze.”

“The grave errors referred to in paragraphs 4 and 5 above were under the hands and signature of the first Respondent’s Chairman, (who was also the Returning Officer) in the conduct of the final collation of the results of the Presidential Election,” they claimed.

“The Petitioners state that the final results as declared by the first respondent are those that were transmitted online to the website of the first Respondent (www inecnigeria.org),” PDP insisted.

Published in World
Monday, 15 April 2019 13:22

Nigeria " A Consumption Economy"

No nation that consumes above its production capacity can ever have a strong, reliable and dependable economy with a corresponding strong currency.

Nigeria is an abject consumer nation in the midst of plenty, practicing a lazy consumer federalism that gravitates around a broke father Christmas presidency and where states governed by disingenuous, squander-manic and mostly intellectually barren Governors hold sway.

I love the clamor for resource control and fiscal federalism in Nigeria because it would open the doors to access to opportunities for prosperity for citizens if administered with transparency and accountability, but looking at the history of some of those who are championing it, I get agitated and deeply troubled that they are in it to advance a cause for themselves and their selfish interests against the overall good of the people with them as drivers if awarded without strict control mechanisms that would make it impossible for anybody or group of persons to abuse for personal gains.

Some of Nigeria’s economic policies are unfortunately repressive for Nigerians with creative ingenuity but favorable to new colonizing forces led by China coming into Africa to poison Africans with their fake products for massive profits and so, are in need of urgent rethink for the immediate good of this generation and the long term good of the country and her future generations unless we have agreed to be slaves in perpetuity in our land especially with the way we choose our leadership.

Every vote we sell to a leadership misfit without the passion, compassion and the patriotic zeal to serve Nigeria has an ominous implication on her future and the future of her people, no matter how much it satisfies our immediate need without looking at the big picture”.


Mr. Itohoimo Udosen                         

Political/Public Affairs analyst This email address is being protected from spambots. You need JavaScript enabled to view it.

Published in Opinion & Analysis

The Central Bank of Nigeria, CBN, has estimated that the country’s inflationary rate will rise to 12 percent and thereafter moderate.

The Governor of the CBN, Godwin Emefiele stated this on Thursday in Lagos at the Businessday post election economic agenda conference, adding that the apex bank would also keep the current monetary policy stance of the bank.

“The CBN has set the post-election agenda for the nation’s monetary policy, projecting that the current monetary policy stance of the bank is expected to continue while inflation is estimated to rise to 12 per cent and moderate thereafter,” he said.

The inflation rate is currently put at 11.31 percent for February, according to statistics from the CBN and the National Bureau of Statistics.


Hinging the monetary policy stance of the bank on rising inflation expectations, the CBN governor however noted that the bank would adjust the policy rate in line with unfolding conditions and outlooks, adding that the bank would continue in its drive to ensure that the policy interest rate was set to balance the objectives of price stability with output stabilisation.

Emefiele, who disclosed that the apex bank based the inflationary projection on productivity gains in the agricultural and manufacturing sectors, said the Gross Domestic Product, GDP, was expected to pick up in the first half of the current year owing largely to the continued efforts at driving indigenous production in high-impact real sector activities.

Speaking on the bank’s foreign exchange rate policy, Emefiele said the CBN, in spite of expected pressures from the volatility in the crude oil markets, would maintain its stable exchange rate over the next year.

“Gross stability is projected in the foreign exchange market, given increased oil production and contained import bill,” he said.

Published in Bank & Finance

The Nigerian Stock Exchange has revealed that a total of N5.5 billion was recorded as foreign outflows from the stock market for the month of February.

This was contained in its latest foreign portfolio investment report published on its website on Friday.

It stated that the figure increased by 97.8 per cent from N27.81bn in January 2019 while foreign inflows increased by 91.24 per cent from N22.97bn to N43.93bn between January and February.

Total foreign transactions also increased by 48 per cent from N66.85bn in January to N98.94bn in February.

Published in Business
Friday, 22 March 2019 06:46

Nigeria’s balance of payment fragile

A new report by the FSDH Merchant Bank has revealed that Nigeria’s balance of payment is still fragile and that it was dominated by transactions in the oil and sector.
In the report titled: ‘Fragile Balance of Payment Position: Policy option’, the FSDH Merchant Bank insisted that Nigerian economy was still vulnerable to movements in the oil and gas market.
The report also noted that this conclusion based on the latest report of the Central Bank of Nigeria on the estimate of Balance of Payment position of Nigeria as of Q4 2018, adding that the weak BOP position buttressed the urgent need to create multiple sources of revenue and foreign exchange earnings for Nigeria.
The report reads: “These transactions are usually carried out by individuals or businesses, or by governments on behalf of their countries. The record of these transactions with other countries is known as BOP and is made up of three major components: Current Account, Financial Account and the Capital Account.
“The Current Account is usually the largest component of the BOP and it measures a country’s trade balance plus the effects of net income and direct payments. The Financial Account measures the changes in domestic ownership of foreign assets and foreign ownership of domestic assets.
“The Capital Account is usually the smallest component of the BOP and it measures the financial transactions that do not affect a country’s income, production, or savings. In some cases, Capital Account may be added to the Financial Account Transitions.”
The report also noted that there the BOP, just like the financial accounts of individuals and businesses, could be in a surplus or in deficit, adding that surplus meant the country received more money from other countries than it paid out.
“In Q4 2018, Nigeria recorded a surplus of $2.8m lower than the surplus of $6.18bn it recorded in the corresponding period of 2017 but higher than the deficit of $4.52bn recorded in Q3 2018. Between Q3 2018 and Q4 2018, Nigeria was able to reduce its imports and increased its export of goods,”a the report added.
Published in Business
The Nigerian Stock Exchange has ordered the full suspension of trading in Diamond Bank Plc shares.
This follows a receipt of final approval of the Central Bank of Nigeria (CBN) and the Security and Exchange Commission (SEC) of the merger between Access Bank and Diamond Bank.
The move is premise on a Court-Ordered Meetings held on March 5, 2019 to review the proposed merger between Access Bank Plc and Diamond Bank Plc.
The announcement was contained in a letter by the company secretary, Uzoma Uja and published on the website of the NSE on Wednesday.
Read also: Nigeria to build 5,660km gas pipeline across North Africa
The letter stated that ‘‘The Full Suspension will enable the Bank determine the shareholders that will be entitled to receive the Scheme Consideration.
“Shareholders and other investors are requested to please note that following the Full Suspension of March 20, 2019 – the last trade day was Tuesday, March 19, 2019 following which there will be no further trades in the shares of Diamond Bank Plc.
”The Court Sanction of the Merger was obtained on March 19, 2019,’’ it added
Published in Bank & Finance
The Nigerian National Petroleum Corporation (NNPC) has disclosed plans to extend the ongoing Ajaokuta – Kaduna – Kano (AKK) gas pipeline system through the Sahara to North Africa.
The Group Managing Director of the corporation, Dr. Maikanti Baru revealed this on Tuesday during a courtesy visit on him by the Executive of Petroleum Technology Association of Nigeria (PETAN)
The AKK gas pipeline which is designed to enable gas connectivity between the East, West and North of the country is currently inadequate.
According to Baru, the expansion plan was part of the corporation’s African integration drive to enable gas supply and utilization to key commercial centres in the Northern corridor of Nigeria.
Bark also noted that the Federal Government had plans to extend the West African Gas Pipeline (WAGP) to Morocco.
To achieve this, the country has entered an agreement with the northern African country in June 2018 to design a regional gas pipeline which would enable Nigeria to provide gas to countries in West Africa sub-region that extend to Morocco and Europe.
The project, Nigeria – Morocco Gas Pipeline (NMGP) would be a 5,660km design, capable of reducing gas flaring in Nigeria and encourage diversification of energy resources in the country.
Published in Business
The Independent National Electoral Commission (INEC) said the smart card readers (SCRs) are mandatory in Saturday’s governorship and State Houses of Assembly elections.
Mr. Festus Okoye, INEC National Commissioner, and Chairman, Information and Voter Education Committee stated this on Tuesday in Abuja.
Okoye said the clarification was important going by allegations since the conduct of the Feb. 23, Presidential and National Assembly elections that INEC was selective in its use of smart card readers in its conduct of the elections.
He said that those allegations had led to speculations that INEC may be forced to jettison the use of SCRs in the state and federal capital area council elections.
“INEC hereby states categorically that the allegations are absolutely false and the speculations are without any basis whatsoever.
“The use of the smart card readers is not only mandatory but its deliberate non use attracts the sanction of possible prosecution of erring officials in accordance with the INEC Regulations and Guidelines for the conduct of elections.
“This is in addition to the voiding of any result emanating from such units or areas, as was done in the presidential and national assembly elections of February 23.
“The general public and all officials engaged for the elections are hereby informed that the commission is not reconsidering the use of these smart card readers which has greatly improved the credibility of our elections and instilled a high level of public trust in them.
“To clear any doubt or ambiguity, we wish to state that the deployment and mandatory use of SCRs in next Saturday’s elections will not only be uniformed but also universal, and the provisions of the regulations and guidelines will be strictly and vigorously enforced.
“All Stakeholders are to note and be guided accordingly please,” Okoye said.
Published in World
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