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On The Move To Make Nigeria Vaccine Production Hub

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Minister of State for Health, Dr. Adeleke Mamora has called on the Pharmaceutical Society of Nigeria (PSN) to work with the Federal Government (FG) towards making Nigeria a regional hub for vaccine manufacturing in Africa.

He stressed the need to make Nigeria self-sufficient in the production of finished pharmaceuticals and Active Pharmaceutical Ingredients (APIs).

Speaking at the inauguration of the new President, Prof Cyril Usifoh and investiture of 112 new fellows of the Society in Abuja, recently, Dr Mamora observed that the COVID-19 pandemic had shown that the country could not continue to rely on the importation of about 70 percent of her gross domestic need of finished pharmaceuticals and APIs.

The medical doctor insisted that Nigerians must collectively change this narrative by making the country self-sufficient in the production of finished pharmaceuticals and APIs, stressing the Ministry was determined to achieve this and looks forward to partnering with the PSN.

The minister disclosed that the Federal Ministry of Health was seriously working to acquire capacity for local vaccines manufacturing and appealed to the PSN to partner with the Ministry to ensure it realizes this objective.

Dr Mamora informed that the ministry was currently partnering with May & Baker Nigeria PLC in a Public Private Partnership (PPP), which birthed the Biovaccines Nigeria Limited (BVNL) – a special purpose vehicle towards local vaccines manufacturing.

He said the pharmaceutical sector was a critical component of the national security architecture, promising the FG must do its best to bequeath a viable and competitive pharmaceutical sector to the generations unborn.

He stated that in keeping with this desire, the Federal Ministry of Health ensured the creation of the new pharmacists’ consultant cadre for public and civil servants, adding the cadre confirms the place of specialization in pharmacy, especially in the clinical settings.

According to the minister, the pharmacists cadre would lead to better patient management outcomes and contribute to the improvement of the nation’s health indices while the ministry ensured the training of community pharmacists in order to prepare them for the emerging roles of pharmacists and pharmacies in national immunization programme and primary healthcare services in line with global trends.

He said, “Medicine remains the bedrock of healthcare delivery services. Without medicines, most diseases are untreatable. This is why the pharmacy profession is such an important human resource for health, and the government will continue to create a conducive working environment for the practice of pharmacy regardless of the field of pharmacy one chooses to practice whether hospital, administrative, academics, industry or community.

“To our celebrants, the new fellows of the PSN, I wish to assure you that the Federal Ministry of Health stands shoulder to shoulder with you to advance the pharmacy profession for the health and social welfare of Nigerians. Through its appropriate agencies, the Ministry will continue to support your efforts toward encouraging pharmacy education, research and scholarship, and promote high ethical standards of the pharmacy profession. Let me assure you of the Government’s readiness to partner with the PSN as always, to further the course of pharmacy practice and the pharmaceutical sector in Nigeria.”

The minister urged the pharmacists to actively engage in search of new methods and systems to improve the use of medicines, acquire needed skills and knowledge in order to remain relevant with advancing technology as it relates to the pharmacy sector and taking the pharmacy profession to even greater heights.

“This event is particularly significant because it’s the celebration of the emergence of an erudite scholar and an outstanding achiever as well as the rewarding of the efforts of pharmacists who have rendered meritorious services to the profession of pharmacy in Nigeria and across the globe.

“Without a shadow of doubt, the emergence of Prof. Cyril Odianose Usifoh as the new President of the PSN is a clear indication of the readiness of pharmacists all over the country to consolidate the gains of the past presidents of the Society and open new frontiers toward developing the pharmaceutical sector.” he added.

In her keynote address, the Vice Chancellor (VC) of the University of Benin, Prof. Lilian Salami, opined that pharmacists were not just the custodians and fabricators of drugs, but also great administrators, saying a nation is as strong as its medicine security.

She said, “In many ways, pharmacists secure their nations and contribute to developing the economy. Pharmacists are the experts in drugs, they discover them, manufacture them and are the repository of knowledge on how they should be handled and used. Pharmacists counsel on the adverse effects of drugs and play clinical interventional roles that bring huge positive outcomes to patient treatment.”

The VC observed that Nigeria could achieve reasonable self-sufficiency in drug production, stressing the drug distribution channels needed to be sanitized to remove the presence of fake and expired medicines.

Prof Salami stated, “As a profession, PSN will have to play her part. Nigerian society desperately needs the spark from PSN. Every Nigerian needs to feel the impact of pharmacists the more. The future of a society rests on the quality and orientation of the coming generation.

“As it is often said, the youths are the leaders of tomorrow. It follows that we must pay more attention to them. We have to train them well. Being young and impressionable, they are bound to make mistakes but it is our responsibility to correct them. We have to be stern when we should but we should show them love nevertheless.”

The VC lamented that the burnt-out light in the pharmaceutical sector is a reflection of what is happening in other sectors, noting things had fallen very short of their expectations.

In his remarks, the new PSN President, Prof.  Usifoh, pledged to provide a purpose-driven leadership for all technical and interest groups of PSN with the cooperation of his colleagues in National Executive Committee (NEC) and Council in order to change pharmacy and indeed the ‘Pharmaspace’ positively for the patient, pharmacist, healthcare team and indeed Nigeria.

He therefore urged all pharmacists to embrace genuine dialogue, listen to each other and forgive one another despite their differences, adding his leadership would always listen and act appropriately.

The bitter fact remains that, to truly make Nigeria a regional hub for vaccine production in the entire Africa as being stated, the relevant authorities must be willing to tell themselves the gospel truth.

Hence, the approach of knowing the actual remedies but insisting on the wrong ones, must be jettisoned. It suffices to say that the country must embrace a new era. Since Nigeria possesses all it takes to achieve the aforementioned objective, then as a people, we need to concentrate on how to wear the political will like clothing.

This is unequivocally the only way the needed policies can be duly and aptly implemented.

Reviewing Ogbonnaya Onu’s Avowal On Methanol Fuel Production in Nigeria

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Nigeria’s Minister of Science, Technology and Innovation (STI), Dr Ogbonnaya Onu, on 24th August 2021 in Abuja, organized a road-show to sensitize Nigerians on the imperative of boosting methanol fuel production technology in the country.

Dr Onu who spoke during the sensitization outing, disclosed that developed countries were gradually reducing their reliance on crude oil and placing much emphasis on cleaner and renewable sources of energy.

The clamour for cleaner energy sources, Onu noted, was in line with the “Nationally Determined Contributions (NDCs) of countries, of which Nigeria is a part, under the 2015 Climate Change Paris Agreement.

“The immediate impact of these initiatives is a reduction in the global demand for crude oil.’’

The minister who harped on value addition to abundant natural resources in order to strengthen the economy through revenue generation pointed out that Nigeria was more of a gas nation with huge deposits.

He stated that methanol, which remained useful and applicable in more than 1,000 different products used by people every day in various places of work, homes, factories, schools, hospitals and virtually everywhere, involved value addition.

The minister explained that methane which forms the bulk of natural gas could be converted into a new very useful chemical called methanol.

He said, “We can now see that methanol is the only way that we are going to use our gas by adding value, changing its state and converting it into something that is very useful and finds application in virtually all aspects of our economy.

“Innovation is at the heart of our ability to find a solution that is economically, environmentally and socially sustainable, that is why methanol-driven economy is beneficial in many areas.’’

Dr Onu listed these areas to include job creation, technology development and domestication, as well as electricity generation, clean household energy services, chemical industry value chain, and reduction in pulmonary diseases, among women and children.

Others were, efficient transportation services, stoppage of gas flaring and achieving environmental sustainability.

The STI minister opined that the benefits of introducing methanol fuel in the country were enormous as it would create over 40 million new jobs, made possible because methanol had a very extensive value chain.

“Every part of this nation will benefit, every segment of the society will benefit whether you are young or old, male or female.

“This is why it is important for us to find a technology which when we introduce into our economy, will help us solve the problem of unemployment in the country.’’

Dr Onu maintained that the technology would help Nigeria employ all those trained in the sciences, humanities, management and others to have jobs to do, saying all these and many more would be achieved while the environment remains protected and managed.

According to him, “Captains of chemical industries are aware that the chemical industry is one of the least developed in the country, as virtually all the chemicals used in our factories are currently imported from other countries.

“With the introduction of methanol, manufacturers will use it as a feedstock for several product lines. As a fuel in the transportation sector, it is cheaper than PMS (Petrol). It is more friendly to the environment, has higher octane rating and enhances the performance of vehicles.

“Furthermore, methanol can be blended with PMS at 15 per cent methanol and 85 per cent PMS and this blend can be used in all vehicles without requiring any significant modification.’’

He clarified that cooking with wood, charcoal and kerosene to a large extent constituted a serious threat to human health, forests and vegetation leading to deforestation, adding that methanol, being a cheaper and a cleaner fuel, would help solve these problems.

In view of all these benefits, the minister called on entrepreneurs and investors in the private sector to invest in methanol production, as other stakeholders agreed with him, stating that methanol could be an alternative to conventional transportation fuels.

They stated that the benefits of methanol include lower production costs, as methanol was cheap to produce relative to other alternative fuels.

According to them, methanol possessed improved safety since it had a lower risk of flammability compared to gasoline, therefore consenting that methanol production was important because pure methanol was an essential material in chemical synthesis.

They opined that its derivatives were being used in great quantities for building up a vast number of compounds, among them, many important synthetic dyestuffs, resins, pharmaceuticals, and perfumes.

It’s noteworthy that many researchers and scientists across the globe have argued that though hydrogen has been proposed as a clean alternative fuel source because it could be produced from water, a methanol economy presents several advantages over a hydrogen economy.

Methane, unlike hydrogen gas, is an abundant natural energy source. Hydrogen gas is dangerously more volatile than methanol at 64.7 degree Centigrade, with a boiling point of -253 degree Centigrade.

As a result, hydrogen is much more costly and complicated to store and transport, but importantly, methanol as a liquid can be seamlessly incorporated into present infrastructure.’’

This was possible because methanol could even be mixed into gasoline and dispensed from present gas stations into flex-vehicles. It is a particularly attractive alternative for conventional transportation fuels due to its low cost of implementation, low risk of flammability and toxicity, and potential to reduce pollution emissions and dependence.’’

One could wonder why after many months of this campaign by the STI minister, the government is yet to invest heavily in methanol fuel production, even when all the needed resources are readily available in the country.

The bane of Nigeria’s economic plight is inability of the governments to overcome glaring challenges while the remedies are obviously smiling at them on a daily basis.

Tekedia Capital Invests in Exchange, to Digitize Real Estate Investment Trusts in Nigeria

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DOHA, QATAR - DECEMBER 21: Jordan Henderson of Liverpool lifts the FIFA Club World Cup trophy following his team's victory during the FIFA Club World Cup Qatar 2019 Final between Liverpool FC and CR Flamengo at Education City Stadium on December 21, 2019 in Doha, Qatar. (Photo by Francois Nel/Getty Images)

We often do not come here to commend the government people. But truth be told, the current team in Nigeria’s Securities and Exchange Commission (SEC) has been amazing. I want to publicly commend them for their practical approach to regulation. In the past, it used to be a nightmare. But recently, they have improved with productive channels which simplify things.

My special commendation to the Registration Exchanges, Market Infrastructure & Innovation Department. Because of the confidence I have received from your messages with Ugo Peters, our entrepreneur working to digitize real estate REIT,  we invested in his business to fractionalize real estate investment in Nigeria.

Our vision is to give people the opportunity to benefit from investing in income-producing real estate, allowing them  to own or finance properties the same way they invest in other industries, through the purchase of stock, within our exchange: “REITs provide a way for individual investors to earn a share of the income produced through commercial real estate ownership – without actually having to go out and buy commercial real estate.”  With that, even someone with N500 can “invest” in the most expensive real estate project in Nigeria.

We are bringing blockchain technology in it and the SEC has been super supportive on this mission. On the strength of its quality regulation, Tekedia Capital has provided the first institutional fund. We do believe we can unlock housing opportunities in Nigeria. The startup will launch later in the year; it has already signed up an enormous amount of properties which will go live once the final SEC approval comes.

As a Nigerian in the diaspora, we understand what we need to push funds into the nation. This exchange will help many invest in real estate with higher confidence, superb transparency and velocity on alpha.

Tekedia Capital invests in all sectors, focusing on how technologies will improve the domains. For example, we are in the oil & gas downstream sector through TradeGrid, building construction via CinderBuild, moving into real estate with this investment. Simply, if we see how tech can work in a sector, we come in because we’re sector-agnostic. Our close to 60 startups demonstrate that philosophy.

Comment on LinkedIn Feed

Comment 1: There are handfuls of tech based products coming up in the real estate space, because with all the choas and scam there, it makes enormous sense to bring tech at scale.

With the right legislation, all the velocity we would like to witness in the property market can happen faster than we expect. Keep them coming…

My Response: We think technology will sanitize that sector. It is harder to “negotiate” with tech than humans when the demons posses. We did that in the downstream oil and gas via TradeGrid and those issues have been fixed for our customers. We’re doing same in building construction sector via Cinderbuild. In all these firms, we see that tech helps. Real estate is the big one and I am confident we will get it right. UGO PETERS is working with experienced compliance team and I have personally joined some of their SEC meetings. The goal is clear: transparency and visibility will grow this sector.

Nigeria Football Federation Contracts New Head Coach For Super Eagles

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The Nigeria Football Federation (NFF) issued a press statement on Sunday, 15th May 2022, announcing it had contracted a 62-year-old Portuguese, Jose Peseiro, as the Head Coach of the Super Eagles.

The detail of the contract agreement between the NFF and the newly announced Super Eagles Coach is as follows:

It was gathered Peseiro would receive $70,000 monthly, over N29mn, from which he would pay his two incoming personal assistants.

It was also gathered that the NFF was signing for just a year’s deal with the new Coach with an option for another year depending on how things turn out in the initial 12 months.

Among other clauses in his contract included that, Peseiro was expected to watch 60 per cent of domestic league games as he had been mandated to discover home-grown talents for the national team.

While a handful of other coaches were equally shortlisted for the Super Eagles job, Peseiro in the end reportedly turned out to be the cheapest option.

Sources familiar with the NFF’s recruitment process disclosed that other coaches that could have been hired for the national team were either not affordable or not available for the job.

“A number of other coaches were also contacted but it is either the salary they were asking for was too high or they were not even favourably disposed to a national team job at the moment.

“Peseiro turned out to be the cheapest option for the NFF and that was why they settled for him.”

It’s noteworthy that this was the second time the NFF is announcing Peseiro as the Head Coach for Nigeria, having hurriedly done the same on the eve of the commencement of the Africa Cup of Nations tournament in Cameroon.

Then, it was announced that the Portuguese would be an observer while Austin Eguavoen would be solely in charge of the Eagles at the continental tournament.

The ‘appointment’ of Peseiro by the NFF was, then, contained in a communique issued after the NFF’s executive council meeting held on December 29, 2021.

However, a few weeks after the announcement, Peseiro revealed that talks to handle the three-time African champions collapsed due to financial queries and clauses in the proposed contract.

It’s worthy of note that Peseiro would be the first Portuguese sportsman to manage the national team.

José Vitor dos Santos Peseiro, 62, is a Portuguese who played as a striker in his days. He has to his credit wide and varied experience in coaching clubs and national teams across four different continents, including Europe, Asia, Africa, and South America.

An educationist with a degree in physical education/sports sciences, Peseiro has top-level coaching qualifications and training, and has coached at Sporting Lisbon, FC Porto, Panathinaikos, and Rapid Bucharest.

He also had stints at Sporting Braga, Victoria Guimaraes, Al-Hilal, Al-Wahda, Al-Ahly Cairo, Sharjah FC, and Real Madrid, as well as serving as Head Coach of the Saudi Arabia and Venezuela national teams, respectively.

Though well-travelled and with vast experience, Peseiro appears to have more sack letters than trophies, but it would be out of place to outrightly conclude he would not succeed with the Super Eagles.

From Panathinaikos to FC Porto, and to Braga and even Saudi Arabia, it is on record that there has hardly ever been any happy ending wherever he had found himself as regards his coaching business.

Meanwhile, the Portuguese tactician has some notable moments winning silverware, with the last being the league title with Al-Ahly.

He is saddled with rebuilding the Nigeria team to a formidable status and his first outing would be leading the Super Eagles for the upcoming tour to the United States of America (USA).

Over there, the three-time African champions slugged it out with Mexico and Ecuador, in prestige friendlies.

Any rational Nigerian that thinks good of Nigeria, or means well for the country, wouldn’t hesitate to wonder why the NFF decided to settle for a foreign coach at a time when everyone is concerned about the needed actions to promote our domestic products.

Aside from this, for the fact that the country’s economy is currently dwindling, is enough reason to worry over the attraction of the NFF towards a foreign coach. It’s really worrisome that we have apparently lost interest and hope on our own, and this is the bane of Nigeria’s economic plight.

The Words from the Future King And Leaving Nigeria for Naija

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I visited a family member who lived in his property in Owerri. The man who would later become the king of Owerri asked me: “Ndubuisi, how are you doing with studies in FUTO?” I responded: “Sir, Abacha is causing problems in Nigeria. He is making things very hard”.

Immediately, he corrected me: “Ndubuisi, your Abacha now is FUTO and you need to do well, graduate with good grades, etc. Leave Abacha for us”.

That conversation remains evergreen. Yes, one needs to know what his “real problems are”, and then work to deal with them. This is not to say that young people should not pursue causes and activism. But the key thing is this: understand when you can make impacts.

Simply, your sentences cannot start and end with Buhari 24/7 because  on most of the issues, you have no control over them. Spend some of that energy on things you can control.

I like young men and women who live in Naija – they are better than those living in Nigeria. Some do not pay so much attention to the mess, focusing on building their startups and being in control of what they can control. They do pay attention occasionally, but the Abuja mess is always under control, in their minds. They put the mess where it belongs!

Win your mind on Nigeria; move to Naija.

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