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Home Blog Page 5168

On UN’s Plan To Donate $321m For Terrorism Fight In Nigeria

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The United Nations (UN) Secretary-General, Antonio Gutteres, Wednesday, 4th May 2022, disclosed the organization’s plan to mobilise an additional $321 million in support of Nigeria’s efforts to combat terrorist activities in the North-East region of the country.

The UN Chief, who was on a two-day visit to Nigeria, made this known to newsmen after his interactive meeting with President Muhammadu Buhari in Abuja.

Gutteres, who was in Maiduguri, the Borno State capital the previous day being Tuesday where he interacted with the victims of terrorism, stated that the amount would be part of the overall $1.1b earmarked for the humanitarian response plan for the country.

He said, “We are very active in support of the humanitarian efforts of the Nigerian government. That is why we have called for an additional 321 million dollars as part of the overall 1.1 billion dollars humanitarian response plan for Nigeria.

“Despite all that they have seen and endured, the people I saw remain hopeful and committed to returning to their communities and resuming their lives. To that end, I welcome the establishment of the Presidential Committee on the Repatriation, Return and Resettlement of displaced persons in the Northeast.”

He hinted that his meeting with President Buhari touched on how to address the challenges confronting Nigeria and the smooth conduct of the 2023 general elections, saying the spirit of hope amidst hardship and solidarity in the struggle was also at the centre of their discussions.

“We discussed the importance of laying the groundwork to ensure peaceful and democratic elections next year and the full participation of Nigerian women and young people in all areas. We also discussed the government’s measures to address security challenges across the country.

“I want to extend my deepest condolences to the victims of the appalling attacks in Plateau State, two and half weeks ago. It is a tragic reminder of terrorism scourge across West Africa and the Sahel.” he lamented.

The UN scribe reiterated the commitment of the global body towards combatting terrorism, violent extremism, organized crime, poverty, and food insecurity, worldwide, while commending Nigeria for its role in sustaining peace in Africa and beyond as well as for playing the leading role in sustaining democracy on the African continent.

“I thank President Buhari for his unwavering support for the Multinational Joint Task Force and the Lake Chad Basin Commission.

“We also discuss the other challenges that Nigeria is facing today. Nigeria is a pillar of continental and global cooperation and a steadfast part of the United Nations.

“From its vital support for peacekeeping to its leadership in fighting for fairness in developing countries, to being home of my Deputy Secretary, Amina Mohammed; above all, Nigeria is a country where Africa’s promise and potential can come to vivid life.” he added.

President Buhari, on his part, told the UN boss that Nigeria remained grateful to the organization and some world leaders for their steadfast partnership with the country in fighting terrorism.

He noted that the country and the African continent were already concerned that the attention on Russia and Ukraine would crowd out other issues, but the ongoing visit of the UN scribe clearly showed that “the world has not forgotten us.”

The President said terrorism remained a threat to global peace, security and progress, with many already killed, while millions had been displaced by the insurgents over many years.

“When we assumed office, the Northeast was the major security problem we inherited in 2015, but we have been able to make people understand that you cannot kill people and shout ‘Allahu Akbar’ (God is great)!

“It is either you don’t know what you are saying or you are simply stupid. God is a God of justice, so you cannot kill people and say God is great. Luckily, the people understood our message and it has made great impact.’’ he said.

President Buhari notified the UN scribe that the government had started a gradual, but steady process of resettlement and reintegration where citizens get encouraged to return to their farms, businesses and other pursuits in life.

At such a critical time like this, the concern of Nigerians remains the need for the government to judiciously utilize whatever funds made available or donated in respect of tackling terrorism and other related issues in the country.

It’s only a dummy that’s yet to realize that terrorism and insurgency remain the prime challenge being faced by Nigeria at the moment, hence the need for any concerned body and individual to look inwards with a view to proffering lasting remedy to the ongoing unending pogrom.

So, as many global bodies are still poised at donating millions of dollars towards ending terrorism alongside other security threats in Nigeria, the government is required to stick only to the needful as regards funds’ utilization.

This is Karim Benzema’s Year

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Karim Benzema is playing his best football this season. He is a leader on the pitch. He never “fights” for the ball. Some said he lost weight and became a better athlete.  But do not dismiss the coaching genius of Carlo Ancelotti, who phased out a football club, built in the image of C Ronaldo, for something new.

Benzema will win the top FIFA award in December demonstrating one thing: the ant-hills are not built by the elephants but by the collective efforts of the little neglected ants. If he delivers like this next season, a new book would be ordered, closing the CR era, for good in RM.

Of course, in Real Madrid, it is always hard to do that unless you are CR and Raul. In other words, it is one of the few clubs where even the #1 feels he is not settled because of the level of talent. Check Kaka, Owen, Beckham, etc. Barcelona FC has a better human-tradition.

Notwithstanding, this is Benzema’s year. He should enjoy it. La Liga is now him and he is living the moment.

Ndubuisi Ekekwe “Quality” Poem in Diamondbank’s Care2000+ Newsletter

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A member in our LinkedIn community just shared this poem which I wrote for Diamond Bank magazine in 2002. It was published in Diamondbank’s Care2000+ Newsletter. Notice my nickname “ Prof”; everyone called yours truly “Prof ” including the bank’s Founder and CEO, peerless Pascal Dozie, who I remain grateful for his uncommon favour to me. I have shared my experiences while in Diamond Bank here.

I have been super fortunate in my career to have worked with extremely great people, in Nigeria and the United States. My philosophy remains: I will make my supervisor be the BEST among his/her peers. That translates to “any team with Ndubuisi will win”.

Enjoy the poem on Quality!

Nigerian Telcos Must Not Score Own-Goals with 40% Price Hike

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Russia, you are increasing the cost of everything! Yes, “Nigerian telecom operators are reportedly planning a 40 percent tariff hike that will affect the cost of data, calls and SMS. The Vanguard reported the imminent increase citing reliable sources.” I smile because someone somewhere will go to court to block it. Hello, DStv playbook is always available: the status quo must be maintained and price cannot be increased.

Seriously, I hope the telcos are not thinking of increasing prices by 40%. With the record numbers the two publicly traded ones are reporting, there is no reason for that price increase. Doing that would be unfair.

I am a capitalist but anyone who tells you that telcos need to jack up prices to survive is lying. I look at the margins these companies are holding, and am unable to see a justification for the white lies. The healthiest sector in the Nigerian economy is the telecom sector. It needs to make money but hitting the customers with 40% more would be an own-goal.

Nigerian telecom operators are reportedly planning a 40 percent tariff hike that will affect the cost of data, calls and SMS. The Vanguard reported the imminent increase citing reliable sources.

According to the report, the telcos’ move to increase tariffs was necessitated by the high cost of diesel to operate their businesses, incessant harassments and frivolous taxes and levies imposed on them by all manner of agencies from the three tiers of government.

The rise in oil price has pushed the cost of diesel to above N700 per a liter, compounding the telcos’ operational cost. Other issues such as the cost of Right of Way (RoW), which is among the reasons why poor networks have persisted around the country, apparently influenced the move.

Nigerian Telcos Seek Approval from NCC to Increase Network Tariff by 40%

Nigerian Telcos Seek Approval from NCC to Increase Network Tariff by 40%

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Nigerian telecom operators are reportedly planning a 40 percent tariff hike that will affect the cost of data, calls and SMS. The Vanguard reported the imminent increase citing reliable sources.

According to the report, the telcos’ move to increase tariffs was necessitated by the high cost of diesel to operate their businesses, incessant harassments and frivolous taxes and levies imposed on them by all manner of agencies from the three tiers of government.

The rise in oil price has pushed the cost of diesel to above N700 per a liter, compounding the telcos’ operational cost. Other issues such as the cost of Right of Way (RoW), which is among the reasons why poor networks have persisted around the country, apparently influenced the move.

The telcos told Vanguard that the tariff hike is being pursued through their umbrella body, the Association of Licensed Telecom Operators of Nigeria, ALTON. The body is understood to have already sent a letter to the Nigerian Communications Commission, NCC, seeking approval for the upward review of tariffs by 40 percent.

The telcos want to increase the N6.4 per second current cost of voice calls up to N8. 95 while SMS will move from N4. 00 to N5. 61.

According to the letter sent to the NCC by ALTON, approval for the increment should be granted based on the operational issues. A few of them were highlighted as follows: Rising cost of business operation due to high cost of diesel, and other energy sources, recent introduction of excise duty of five per cent on telecom services, and increased burden of multiple taxes and levies on the industry.

“In view of the foregoing, ALTON considers it expedient for the telecommunications sector to undergo periodic cost adjustments through the commission’s intervention to minimize the impact of the challenging economic issues faced by our members.

“Details are: Upward review of the price determination for voice and data and SMS.

“Given the state of the economy and the circa 40 per cent increase in the cost of doing business, we wish to request an interim administrative review of the mobile (voice) termination rate for voice; administrative data floor price, and cost of SMS as reflected in extant instruments.

“With respect to voice and SMS cost, ALTON respectfully requests the commission to consider a mark-up approach to address the upward price adjustment desirable for the industry,” the letter quoted by Vanguard said.

Confirming the letter, a senior official of ALTON, said: “Although we did not intend that this will be a media issue, I can confirm to you that we sent a letter to the NCC requesting upward review of tariffs.

“But this shouldn’t come to you as a surprise. We have always intimated that this is the only way to go, considering prevailing circumstances.

“Recall that while approaching the federal government to intervene on indiscriminate clamp down on our facilities, particularly the recent one in Kogi over frivolous taxes and levies by all manner of agencies, we did warn that we may be forced to increase tariffs.

“What has happened now is that as law-abiding citizens and responsible corporate entities, we are going about it the appropriate, responsible and legal way.

“For us to serve you well, we must first of all be in business,” he added.

However, if the tariff is approved, it will reverse the progress Nigeria has made in reducing the cost of calls, SMS and data in the last few years. On the other hand, if the tariff is disapproved, it may mean that the telecom industry, which has served as Nigeria’s economy’s cash cow against covid-19 headwinds, will be operating on loss.

Africa has the most expensive internet data rate in the world, a development that has been described as a setback to its internet economy. Increasing the cost of network services in the continent’s largest economy will mean a further slip into economic retrogression, especially as Nigeria relies so much on tax revenue from the telcos to upset its revenue deficit.

Last year, MTN alone was responsible for 13.5 percent of total taxes collected by Nigerian tax agencies.