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Pan- African financial institution, United Bank for Africa, (UBA Plc), continues to lead in innovation…

The Chairman of Senate Committee on Finance, Senator Solomon Adeola (APC, Lagos West), has commiserated with over 30 adults injured and scores that lost properties worth hundreds of millions of Naira in the gas tanker explosion at Cele Bus Stop, Iju-Ishaga in Ifako Ijaiye Local Government Area of his Senatorial District yesterday. 

With as yet unconfirmed report of deaths, the Senator decries the incessant incidents of either pipeline or gas and petrol tankers explosion in his densely populated Senatorial District stressing that most of these explosion can be attributed to lack of adherence or absence of safety measures by operators of pipelines, tanker owners, lax regulatory regimes and sometimes human factors by operators of gas plant and petrol stations. 

“It is disheartening to learn from Tanker Owners Association that over 80% of articulated vehicles in Nigeria lack safety measures requisite for their operations and most of them are old and ill maintained vehicles without regulatory agencies like Federal Road Safety Commission, FRSC and various vehicles inspection authorities doing anything about it. The time is now for these regulatory agencies to enforce rules and regulation and for our laws to be amended to give bites where such is the impediment to enforcement” he stated.

While commending the Lagos State Government agency for emergencies, Lagos Emergency Management Agency (LASEMA) and the Fire Service, for always rising to the occasion to mitigate these disasters, Senator Adeola called on the National Emergency Management Agency(NEMA) to come to the aid of the victims with materials as most of them are not only homeless but lack basic necessities of life following the destruction of their properties. 

The Senator promised to pursue legislation to restrict the movement of articulated vehicles carrying explosive materials to certain periods of the night and to densely populated areas like his largest Senatorial District in Nigeria, (Lagos West), adding that preventive measures should be strictly enforced by regulators in term of location of gas plants and petrol stations in densely populated areas.

•Interventions To Address Specific Challenges At Grassroots, Says Governor

 

•Gesture, A New Dawn In Governance - APC Chairman

 

In keeping promises made during the electioneering, Lagos State Governor, Mr. Babajide Sanwo-Olu, on Friday, flagged off the execution of 377 state-wide projects across all wards in the State.

 

The intervention, which was said to be first of its kind in the State, was initiated at the instance of the Governor. It will bring about the construction of over 250 roads and installation of 23 power projects across the State.

 

Members of the State cabinet, All Progressives Congress Local Council chairmen, councillors and scores of party stalwarts, led by the State’s chairman of APC, Hon. Tunde Balogun, graced the flag-off ceremony held Adeyemi Bero Hall, Alausa.

 

Sanwo-Olu said the intervention was initiated in response to the series of requests by the various communities across the State to address specific challenges. He said the execution of the projects would change the narrative about what grassroots development and Government’s responsibilities are all about.

 

He said: “The state-wide 377 ward projects being launched today are state intervention projects in grassroots development. The projects are conceived in response to requests by the various communities across the State to address specific challenges. These projects are not universal; they are diverse, reflecting the needs of each ward across the state.

 

“The implementation of the projects will commence immediately after this official flag-off, as contractors have been fully mobilized to move to site. I urge residents who are the ultimate beneficiaries of these projects to take ownership by monitoring the implementation process and ensure that the job conforms to quality and standard specified in the project design.”

 

Sanwo-Olu said the process of identifying the needs and the design of the projects was in line with the concept of Sustainable Development Goals (SDGs) and participatory governance in which the people were considered as key stakeholders.

 

The Governor described grassroots as “the bedrock of development”, stressing that the projects were strategic in promoting the wellbeing of the people across communities. He said his Government would continue to give residents a voice on issues that affect them.

 

He said: “This administration’s development agenda is driven by the spirit to build a Greater Lagos that is livable, and conducive for the growth and development of enterprise. The dream of a greater Lagos is not exclusive; it is predicated on the principle of inclusiveness by which development is not considered as satisfactory until it has addressed the yearnings of the greatest number of the people who contributes to the commonwealth.”

 

Sanwo-Olu charged all elected and appointed officials in public offices to be responsible in dealing with people, noting that governance would be meaningless without the input of the people on whose mandate public officers derived their powers.

 

Chairman of the Projects’ Implementation Committee and the Deputy Governor, Dr. Obafemi Hamzat, said all contractors would mobilise to sites next Monday, noting that the intervention was in demonstration of the Governor’s campaign promise to run an inclusive Government.

 

He said the projects’ selection followed a meeting between the Governor and all 377 councillors across the State, during which Sanwo-Olu asked them to nominate specific projects that could be executed in their wards.

 

After identifying the projects, Hamzat said the Ministry of Economic Planning and Budget and and professionals in public service evaluated the cost of the projects. This effort, the Deputy Governor said, was followed by a re-evaluation exercise by an independent consultant.

 

Giving the breakdown of the projects, Hamzat said the State Government would be constructing 257 community roads and drainages across the State. He added that 86 public buildings would be rehabilitated, while two jetties, nine water projects and 23 power projects will be installed across the wards.

 

All the projects, the Deputy Governor said, are distributed across the three senatorial districts in the State, disclosing that wards across the Lagos Central will be having be having 94 projects, while wards in the Lagos East will have 99 and wards in Lagos West, 184 projects.

 

Hamzat said: “The projects will be implemented by contractors in collaboration with Government’s Ministries, Departments and Agencies, including the Ministry of Works and Infrastructure, Ministry of Local Government and Community Affairs, Directorate of Technical Service, Lagos State Electricity Board and Public Works Corporation. Supervision and monitoring of the projects will be done in collaboration with the ward councillors and party executives.”

 

The APC chairman, Hon Tunde Balogun described the projects as grassroots-focused, confirming that the Sanwo-Olu administration was the first to embark on such massive projects across wards in a single move.

 

By directly engaging the councillors in the execution of the projects, the party chairman said the Governor had established strong connection with the grassroots.

 

“The State Government has been investing in provision of infrastructure to make the State's economy stronger and give people a new lease of life. Despite these efforts, the Governor still found the reason to touch the grassroots by initiating these 377 projects. With this, Sanwo-Olu will be leaching lasting impact on the grassroots,” he said.

 

Chairman of APC in Ikoyi-Obalende Local Council Development Area (LCDA), Prince Abiodun Abu, who spoke on behalf of all the party chairmen across councils, described the intervention “a new dawn” in the history of governance in Lagos.

 

He said the projects would accelerate development across communities in the State.

 

Hon. Nurudeen Alimi, spoke on behalf of 377 councillors, saying the Governor, by the gesture, had taken dividends of democracy to the grassroots in a way never seen before in the State.

 

As the world marks the International Coastal Clean Up this month, Sterling Bank PLC, Nigeria’s…

The Nigerians in Diaspora Commission (NiDCOM) has given its promise to the Journalists’ International Forum for Migration (JIFORM) in exposing the enormity of migration issues, as the forum plans to organise another International Migration Summit. 

The JIFORM Delegation were received by Mr. Abdur-Rahman Balogun, Head of Media and Public Relations and Protocol, on behalf of the Chairman/CEO of the Commission, Hon. Abike Dabiri-Erewa, who, also, is the guest speaker at the upcoming event. Mr. Balogun stated that the Commission is ever ready to extend its support to organisations centered on migration and Diaspora-related matters. He however agreed on the need for more collaborations while mentioning the partnership of NiDCOM and some agencies by appointing Diaspora Desk Officers for prompt attention on diaspora and migration matters. 

The NiDCOM Head of Media explained that at present, more than 10, 000 Nigerians have been evacuated and rehabilitated, adding that the Commission boasts of 28 Diaspora Focal Point Officers (DFPOs) out of 36 States in Nigeria. The Head of Media of NiDCOM, assures the organisers of the JIFORM Summit that the Nigerians in Diaspora Commission is open to render technical assistance in its joined mission to project Nigerians positively on the Diaspora map. 

Similarly, the President, JIFORM, Mr. Ajibola Abayomi, commended NiDCOM’s efforts in the last one year which have surpassed the expectations of many. He called for more partnerships among government agencies with the Commission to make migration regular and legal. 

The International Migration Summit, with the theme Migration Governance and Media Strategy for Development during COVID-19 Pandemic, is scheduled to hold in October, this year.

*Signed* :

*Mr. Gabriel Odu* ,  

*Media, Public Relations and Protocols Unit* , 

*NiDCOM* , 

 

Thursday, 24 September 2020 00:00

Lagos State Goes Tough On Unlawful Society, Cultism

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...As Assembly Considers Bill To Jail Cultists For 21 Years

Lagos State Government is set to deal decisively with members of unlawful societies and cultism with a new bill being considered by the state house of Assembly.

The bill entitled; "A Bill For A Law To Provide For The Prohibition of Unlawful Societies And Cultism In Lagos State And For Other Connected Purposes," went through public hearing on Thursday 24th September, 2020 at the Assembly Pavilion.

The law states that any person who by any means of intimidation, harassment, blackmail or threat of violence, compels any person to join an unlawful society, commits an offence and is liable on conviction to a term of fifteen (15) years.

The bill prohibits people from forming, organising or belonging to any cult society, and states that once the activities of the society is inimical to the peace of the society it is a secret society. 

It however, added that any person who in order to compel a person to join an unlawful society, at or immediately after communicating to the person to join the unlawful society or any other person, commits an offence and is liable on conviction to a term of twenty (21) years.

"Any person, who being a member of a cult or unlawful society sets fire to anything in an open or enclosed place, or uses a firearm or an offensive weapon or causes to be used any deadly object, acid or any potent chemical within a premises in any location within the State or causes a firearm or an offensive weapon to be used or set fire to anything in such a manner as to endanger the health or property of any other person, commits an offence and is liable on conviction to a term of life imprisonment.

"Any student or member of any educational institution must not belong to any group or society that is not registered with the student affairs department of a university or any educational institution in the State," the bill read.

It added that any association or society of students on campus or any other educational institution whose activities are inconsistent with the promotion of learning, social development and citizenship behaviour shall not be registered.

On Principal offenders, the bill states that any person who contravenes, aids or abets, protects, covers up or condones any other person who commits an offence under this law, or is an accessory before or after the fact of the contravention of any of the provisions of this law, commits an offence and will be regarded as a principal offender, who will be charged with doing the act or making the commission that the person that committed the offence made, and is liable on conviction to the same punishment that the person, who committed the offence is liable to.

On arrest, the bill states that police officer or any other person may arrest without warrant any person who commits an offence against the law.

"A person arrested in accordance with subsection (1) of this section will as soon as practicable be arraigned before the Court having jurisdiction in the place where the offence was committed to be dealt with according to the provisions of the law," it read.

Earlier in his welcome address, Chairman of the House of Assembly Committee On Judiciary, Human Rights, Public Petitions and LASIEC, Hon. Victor Akande said that the Lagos parliament has institutionalised public participation on law making through public hearing. 

"Public hearing is meant to assist the House to come up with better laws. The law is meant to criminalise cultism in our schools and guarantee peace in our societies," he said.

In his keynote address the Speaker of the House, Rt. Hon. (Dr.) Mudashiru Obasa, represented by the Deputy Speaker, Hon. Wasiu Eshinlokun-Sanni, said that the bills were important to the development of the state. 

"We are here today to discuss how to protect ourselves and our societies. We may have noticed the alarming rate of cultism and how our children are being indoctrinated. The issue has now extended to our primary and secondary schools.

"It is incumbent on us to act now to protect our societies. A law against drug abuse is also being considered by the House. The amendment to the criminal justice law will further increase criminal justice system by removing all the  bottlenecks," he said.

The Leader of the House, Hon. Sanai Agunbiade, who did an overview of the Bill, said that it was a very important bill and that the act of cultism has eaten deep into the fabrics of our society, adding that it was important for the government to intervene.

"The Lagos State Government has seen the need to work on the bill and review it. The bill has 19 sections and it takes cultism issue beyond the campus. 

"The cultists have left the campuses due to the way they are being dealt with and cultism has extended to primary and secondary schools. The Bill shows the serious desire of the government to keep the society safe. It defines cult, firearms and others," he said.

As you get ready for overflowing joy this Friday 25th September 2020, you will receive answers to your prayers. #globaldayofprayer #gdop #pastorchris.

Report by online media platform, TRIXX NG stated that the Believers Loveworld Incorporated also known as Christ Embassy will begin its international day of intercession 2020 Friday 25th by 6pm to Saturday 26th September 2020.

 

 

Being a Man sent from God and a unique minister of the gospel of Jesus Christ, Rev Chris Oyakhilome’s Spirit-filled and anointed leadership will continue to propel a dynamic, multifaceted and global ministry at this year’s programme.

 You can join in

https://prayer.rhapsodyofrealities.org/ And on all their social media handles. You will surely share your testimonies with joy overflow.

A plot may be afoot to damage Nigeria’s interests by attacking the integrity of certain institutions of government to discredit them for yet unknown reasons.

A recent report by the BBC Africa Eye on the pipeline explosion that occurred in Sabo, a Lagos suburb, on March 15, 2020 appear to fit a pattern of media blackmail of critical government institutions, especially the Nigerian National Petroleum Corporation, NNPC.

The report said the BBC Africa Eye had obtained new evidence which contradicted NNPC’s official explanation on the cause of the explosion which claimed 23 lives.

NNPC had claimed at the time that the explosion occurred as a result of a truck that hit gas cylinders around the petroleum pipeline, where people had turned into a residential and commercial area contrary to regulations and in blatant disregard for the pipelines right of way.

But the media house said its evidence – a five-minute video and three sources (said to be experts in petroleum pipeline safety) – showed that there was a leak of “vaporized liquid” from the point of explosion on the pipeline.

The media house then said the evidence indicated that there was inadequate protection of the pipeline from soil erosion and that the NNPC failed to maintain industry standard.

The BBC Africa Eye, in the tradition of true journalism, sent a questionnaire to the NNPC requesting for the Corporations response to the allegations, including claim that victims of the explosion were not compensated.

But the medium breached all rules of balance and objectivity when it published the report of its investigations without reflecting the position of NNPC to all the allegations raised.

The media house portrayed the report as premeditated when it sent it out to some local media in Nigeria, including this website, with a plea to help republish.   

But the NNPC response to the BBC Africa Eye questionnaire, dated August 28,  obtained by this website, contained details of its own investigations and conclusions which were ignored.

The Corporation responded to all the five allegations put to it in details, insisting on its initial explanation that the explosion was caused when a truck heavily laden with stones hit gas cylinders around the pipeline..

In a detailed response addressed to Marc Perkins, editor of the BBC Africa Eye, the Corporation insisted that a truck, heavily laden with stones,  was in the vicinity of the explosion, which clearly “indicated that it was instrumental to the explosion. A close look at the area would show that most of the people carrying out their businesses there were in breach of the Corporation’s Pipeline Right of Way which is 15 meters on either side of the pipeline.”

The NNPC stated further that residents of the area engaged in LPG (Liquefied Petroleum Gas) vending, saw-milling, cement trading, auto repair, cooking, roasting  and  other activities inimical to a pipeline right of way.

“The eye-witness reports we got indicated that the explosion occurred when the above-mentioned truck hit cylinders at the LPG shop,” the document stated.

On the claim that there was a leakage on the pipeline which released vaporized liquid that caused the explosion, the Corporation stated that there was no leakage of PMS or any other vaporized liquid from its pipeline at the point of the explosion prior to the incident.

Instead, it said, “At about the time of the explosion (0852hrs to 08S7hrs), a pressure drop from 42 to 8 bar was observed during our pumping operations and the pipeline was immediately shutdown. Any leakage prior to the incident would have resulted in a drop in pressure. But that was not the case.

“It must also be noted that both Liquefied Petroleum Gas (LPG) and Premium Motor Spirit (PMS) are petroleum products that essentially burn the same way. Since there was an LPG vending shop at the location, it is more likely that the incident was caused by LPG explosion. The incident was typical of gas explosion.”

But curiously, a report on the explosion circulated in the local media by BBC Africa Eye made little or no reference to the official response of the Corporation, but instead repeated claims made by its sources which were at variance with the official explanations it requested from NNPC.

Its only reference to Nigeria’s official explanation was to its third and fifth allegations that the pipelines were not well protected and that the Corporation did not pay compensation to victims of the explosion.

But even the NNPC’s responses to the allegations were largely ignored, and got only a passing mention.

The Corporation had described claims of inadequate protection of the pipeline against erosion as incorrect, and that the pipeline was not exposed at the vicinity of the explosion, but that “the pipeline was excavated to enable repair works after the incidence and the area has since been restored and the pipeline re-commissioned for operations.”

According to the document, the Corporation insisted that its pipelines were designed “operated and maintained in strict compliance with the safely and regulatory guidelines of the Department of Petroleum Resources (DPR) and API/ANSI/ASME standards,” maintaining there was no issue of negligence in terms of ensuring the integrity of the pipeline.

In conclusion, the Corporation stressed that despite the fact that the explosion was not caused by any  negligence on its part, it still worked “closely with the Lagos State Government in  providing a  N2billion relief  fund for the  victims,” contrary to the allegation made by the media house.

 

Wednesday, 23 September 2020 00:00

Why I’m Advocating For Senior Citizens -Felix Amadi

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The Chairman of Crown Insurance Brokers, Chief Felix Ohiri Amadi has enjoyed a successful career spanning over three decades in the insurance sector of the economy, having worked closely in chatting lasting solutions towards pension management, he knew exactly what the senior citizens go through after their active service years in accessing their pension benefits, the challenges of retirement age and reasons why people fail to plan for their old age.  In his new book, Retirement in Nigeria, Amadi sought to highlight the need to build a robust retirement sector, where professionals would be trained on the intricacies of managing and caring for the aged.  He recently engaged the media on why he embarked on the project, “Retirement in Nigeria”, his insurance career, amongst other sundry issues.   Enjoy the excerpt

How has it been with Crown Insurance Company during this time of the pandemic?

Crown Insurance Brokers Limited is a company that has been in existence for over three decades.  We have had very good times and difficult times such as this season and it has caused us to scale down our operations at the moment in other to cope effectively during this challenging period.

How well has Crown Insurance been able to fair in the insurance sector of Nigeria since its birth?

There is no Federal Government Institution that Crown Insurance hasn’t managed either full or in parts from MPC, MPA, Police, Custom, DSS and much more.  We have been part of their management over time and we have also managed some private institutions like Shipping companies, Oil and Gas companies, too numerous to mention.  So, Crown Insurance Brokers Limited can be taken as one of the elite insurance companies in Nigeria.  Our records are intact and the reference about us can be obtained from the Nigeria Corporation of Registered Insurance Brokers (NCRIB).

With all the successes you’ve enumerated, it shows you’ve done well in the sector; what defines a good insurance company?

Insurance is a major aspect of risk management, whether it affects an individual or organization. Every insurance organization that cannot define the risk of an individual or the organization in a long term may not succeed because risk, if not properly managed to a long term can lead to a major hazard for either the individual or organization involved.  Anybody that is managing another person’s risk and fails to define it well cannot have a lasting relationship and if an organization can’t keep a relationship then it will fail when its backups disengage.  For the insurance companies that have succeeded, it means they’ve been able to define their client’s risks in a long term and have followed the procedures religiously.

What are the challenges of running an insurance company in Nigeria?

The challenges here aren’t different from the challenges of most other organizations.  Economy is looking south and it’s been like this for some time that makes every organization that wants to remain in place to indulge in difficult management.  Insurance as an area of endeavor is not considered most of the time as important as health and stomach care, so issues of risk management is put after the Medicare which is basic because people cannot combine them, even when they are aware they need it, the basics comes first. Historically, insurance in Nigeria hasn’t enjoyed deep penetration even with our efforts to create awareness and cause people to accept it.

What is the high point of your career as an insurance broker?

Well, over the years I have managed many public and private accounts and I have managed them veritably, it is difficult for me to single out one as the high point.  When I was called by the Federal Ministry of Defense to review Military Pension as it was in serious crises; a lot of destitute were hanging round Ikoyi, claiming they were ex-soldiers who were waiting for their benefits so T. Y. Damjuma and Mrs. Delaja felt there was need to look critically into the reason the soldiers who claimed to be retirees were not being paid.  That was where I was called to improve the management of retired soldiers in Nigeria.  In 2015, Crown instituted what may have become the biggest Group Life Insurance Scheme other than the Omnibus scheme that is managed by the Head of Service in the Department of Security Services (DSS).  That scheme has the signature Crown Insurance and it is one of the finest insurance schemes running now in the country.  There are much more achievements to count regarding my high points in service. 

If you weren’t an insurance broker what other business or career would you have ventured into?

I would have loved to retire as a professor; I would have functioned well as an intellectual.  When I graduated from the University of Lagos, Akoka at the age of 23 the University enlisted me for post graduate studies in Colombian University, somehow I preferred going to work in other to support my younger ones, that was how I diverted my career in the world of academics.  Before I decided to quite my dreams, I had calculated that at the age of 27 I would’ve gained my PH.D and if I kept working hard as I did at that time, I foresaw myself as a Professor at the age of 35/36 but all that didn’t happen because I diverted from it.

Some time ago you had a stint in politics, what was your intention when you delve into it then and currently are you still nursing political ambitions?

My sojourn in politics is still work in progress.  When you see some people in the corridor of power in Nigeria, you’ll feel that they don’t have the indebt of love that is required from the leaders in a nation. Unlike some serious minded professionals that have attempted politics who go there to assist because they’ve seen some loopholes they think they can fill-in in order to move the country to a better place that was the motive that made me become a politician.  I joined a political party, I was an active member of the party and secured a ticket to run for the senatorial seat of Imo East where I come from; I didn’t win but everybody says I made a very huge impact.  You know that once you attempt a political position in Nigeria you are likely to sacrifice a lot of your personal savings so it’s not that I have quit politics but I am waiting to see my like minds come together to form a critical movement so that the country can be safe.  If you are a reasonable human being in Nigerian politics and you have to go against fifty rascals out there, you cannot maneuver them; they’ll deal with you and make you seem useless. Our prayer is that more mature minds, more professionals and more of the ones that has the good of the country at heart should come up and work together to make this country a better place. 

As 2023 approaches, do you have any intention of coming out for an elective position and are you one of the people clamoring for Igbo presidency?

I have no such plans now and it is too early for one to come out and start telling what will happen in three years’ time.  Instead of clamoring for either Igbo, Hausa or Yoruba president pray that only a person suitable for the position will come and let’s advice those in government starting from the local government that politics isn’t about getting rich in government and gaining firm and power.  Let them understand that politics is about governing the people with good will. All the people that think about how to win the next elections at all costs are the traditional politicians who have nothing to offer and I am not one of them. 

Talking about groups like minds and professionals, few months ago, Pat Utomi, Olisa Agbakoba and others came together to form a coalition for 2023, what’s your take about such moves and would you embrace their idea?

Of course their ideas are good, more people should join them. They aren’t forming a political party; they are uniting to realize what’s in the best interest of the people, people like them are good people. Anybody who has intention in just willing and dealing is making a mistake because at the end of the day there might not be a country for them to continue to deal if they don’t protect the one at stake now.

Generally speaking Sir, what’s your assessment of the Nigerian political space?

A lot of improvement is needed.  There are good people but I would say that they are in the minority, the job is to bring more people that are ready to save Nigeria and impact the people in a way that will benefit the country’s future; people have to forget about the old ways of becoming a billionaire without lifting a finger.  Let them bring in people that will make impact in a way that the future generation will look back and say “but for this people”, that’s the way forward.

You’ve done well with your new book, Retirement in Nigeria; can you talk about it?

Retirement is one of those areas that are still lagging behind particularly from the point of view of those that are retired and aged.  You don’t need to stretch your neck to have a view of those who are suffering because they have not received their retirement funds from either the state or local government.  So there is need for our government to champion the cause of these suffering senior citizens, they say little or nothing about it and it’s bad.  I embarked on retirement management research for the reason of the suffering retirees; the same thing I realized when I was called to manage the military retirement.  If you go through the whole of Nigeria you’ll see that there is no solid literature that can be used as reference or capacity building in terms of retirement so I decided to write about it.  

No one talks about retirement till death and for one to be able to manage retirement in order for old people not to suffer it has to be well planned; between retirement planning and retirement management the time has come for further research for people both in the higher institutions and professional institutions to be trained for proper clarification so that when they are confronted by retirees or workers either as consultant or employees of Retirement Management organization, they would be adequately prepared. 

Federal Government has done well through the Obasanjo regime that saw the decay in pension management and they put together in a reform act in 2004, now successive governments have been managing pensions based on the reform principles yet no refunds are needed, the states and local governments have to look into the affairs of pensioners in their areas.  What affects a part of the country affects everywhere so they have to begin to take issues that concerns pensions seriously. 

I do not want to review my book, let others do it for me but it covers a lot.  The Retirement Management Industry has come, research is seriously needed in this area; we have Pediatricians everywhere who take care of babies but a lot of old people need care, they need a special hospital not General Hospital. 

Look carefully, you’ll discover that the traditional system of children taking care of their parents has collapsed.  The reason is the world is now a global village and your child can decide to go and live in another country; while you as the parent is here in Nigeria.  All the child can do is send money to you and money can’t take care of an old parent but if there is a professional who has passion and ethics governed by the profession will take care of you and get paid. 

An aged person doesn’t need money but care, but such things are lacking in this country and it’s in this book I’ve written.  If you look around the entire world, countries that have the size and economic capacity of Nigeria all have elderly people whether they have worked or not, they collect a certain amount of money for their care but we don’t have that here and advocacy is needed.  We don’t have so many elderly people in Nigeria who live beyond 70 and 80 years because of suffering, let this people live and be happy; let them not die cursing the government and the system.  This book will help those that are making laws on social securities to begin to re-examine current positions to make amends where necessary so that those who will be managing pensions will manage better and those who will receive pensions will be happy and be thankful to the government.

What challenges did you face in putting up this massive volume of write-up “Retirement in Nigeria”?

Writing a book first of all needs a clear motivation.  It is the motivation that guides and being that I’ve encountered a lot of retired people both as a consultant and individually, I know a lot of what they go through.  Once you have motivation and you decide to do a thing out of your busy schedule you’ll create your time for passion because it is what you want to do properly not because of money but for impact and education; though it cost me time and money but for the sake that I wanted to do it and here it is ready to be presented to the world.

How soon should we expect the book on the shelves?

We delayed the public presentation because of the Covid-19 challenges but now we know that social distancing is the new order for safety so we’ll soon with safety measures adequately put in place present it to the general public.

TIME has named Tony O. Elumelu, one of Africa’s leading investors and philanthropists, in the 2020 TIME100, the annual list of the 100 most influential people in the world. The list, now in its seventeenth year, recognises the activism, innovation, and achievement of the world’s most influential individuals. Mr Elumelu, who is one of only four Africans on the 2020 list, is recognised for his track record of business turnaround and value creation, and economic empowerment of young Africans.

Tony Elumelu is the Founder and Chairman of Heirs Holdings, his family owned investment company, committed to improving lives and transforming Africa, through long-term investments in strategic sectors of the African economy, including financial services, hospitality, power, energy and healthcare. He is  the Chairman of top pan-African financial services group, the United Bank for Africa (UBA), which  operates in 20 countries in Africa, the United Kingdom, France, and is the only African bank with a commercial deposit taking licence in the United States. The bank provides corporate, commercial, SME and consumer banking services to more than 21 million customers globally.  Elumelu also chairs Nigeria’s largest quoted conglomerate, Transcorp,  whose subsidiaries include Transcorp Power, one of the leading generators of electricity in Nigeria and Transcorp Hotels Plc, Nigeria’s foremost hospitality brand.

Mr Elumelu is the most prominent champion of entrepreneurship in Africa. In 2010, he created The Tony Elumelu Foundation (TEF),the philanthropy empowering a new generation of African entrepreneurs, catalysing economic growth, driving poverty eradication and ensuring job creation across all 54 African countries. Since inception, the Foundation has funded just under 10,000 entrepreneurs and created a digital ecosystem of over one million as part of its ten year, US$100m commitment through the TEF Entrepreneurship Programme.  Self-funded, the Foundation is increasingly sharing its unique ability to identify, train, mentor and fund young entrepreneurs across Africa, with institutions such as the UNDP, the ICRC and leading European development agencies.

Heirs Holdings, which serves as a corporate role model for African businesses, and the Tony Elumelu Foundation will both celebrate 10 years of impact in November. Their mission continues to be inspired by Mr Elumelu’s economic philosophy of Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent.