Monday, September 24, 2018
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“Nigeria is a very hard place to… do anything, let’s put it that way. It’s definitely very hard to run a business. But it’s more earthy. You feel like your feet are on the ground.”

Mention northern Nigeria and the first thing that may spring to mind is Boko Haram. Zainab Ashadu is hoping to change that — by selling designer handbags.

COMFORT EKELEME

As Nigerians  brace up for the 2015 general elections, industry watchers have continued to express concern over bank lending to politicians. Not   a few have warned, therefore, that the development may be harmful to both  the banking industry and the economy . Politicians are already perfecting their strategies on how to achieve their political ambitions ahead the 2015 general elections.

VICTOR NZE

The Centre for Black and African Arts and Civilization (CBAAC)’s aim of using its just-concluded international conference to expose and fully showcase the viability of culture and its immense potential for a country like Nigeria, in Africa, and by implication portray the sector’s capability to grow the nation’s economy if fully exploited, could be said to have been achieved going by the fallouts of the conference in Yenagoa, the Bayelsa State capital.

Dr Victor Udo , the  Managing Director of Ibom Power Plant and Senior Special Assistant to the Akwa Ibom Governor on Power, fielded questions from newsmen in Lagos recently on the challenges of the nation’s power sector and stresses what should e done to achieve effective power generation and distribution, among other issues , Asst News Editor, UFOMBA  UZUEGBU reports.

With a membership base topping 120, the prestigious Epe Club celebrated its 40th anniversary, highlights of which included the reeling out of the club’s achievements to the benefit of the community ever since its inauguration, as well as presentation of bursary awards to 53 deserving students of the Epe community drawn from various higher institutions in the country. Correspondent, IBRAHIM KADIRI in this piece, reports that the President of the club and one-time commissioner in Lagos, Chief Lanre Razak used the occasion of the anniversary to announce readiness of the club to realize potential of Epe, just as other indigenes of the area appealed to the Federal Government to address the problem of electricity in the area so as to fast-track development in the communities.

A recent study conducted by the Economist Intelligence Unit (EIsU) on the commission of the logistics and transportation industry operator, DHL Express, indicate that international operators in the small and medium scale enterprises (SMEs) sector prefer to trade with other emerging economies than those in Africa, including Nigeria. In the same way as the report also revealed that SMEs expect to generate up to 50 per cent of revenues internationally by 2019.

Comrade Peter Adeyemi is the General Secretary of Non-Academic Staff Union of Educational and Associated Institutions (NASU). He fielded questions from newsmen recently on the state of the Labour movement in the last 54 years of Nigeria’s independence and concluded that it is not a total failure. He however stressed the need for organized labour to do self-purification, readjust as well as reform itself with a view to repositioning for effective and efficient service delivery. Adeyemi also spoke on other salient issues. Asst News Editor, UFOMBA UZUEGBU reports.  Excerpt:

Nigeria is suffering from a plummeting currency, steep budget cuts, corruption scandals and diving oil prices; yet all this is unlikely to decide a tight race for the presidency.
In many other democracies, such turmoil would probably propel the incumbent from office. A likely rise in inflation in Africa’s biggest economy is unwelcome for President Goodluck Jonathan, who is seeking re-election on Feb. 14 next year.

Optimism and opportunities abound in the face of a rather bumpy and slow journey ahead for countries like Nigeria, as well as others on the African continent spread across various regions, according to a PwC’s ‘Capital Projects & infrastructure in East Africa, Southern Africa and West Africa.

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