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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.

Nigeria 2023: As ‘Concerned’ Group Protests Over Zoning

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The members of a certain group, Concerned Nigerian Citizens, on Wednesday, 4th May 2022, staged a peaceful protest at the National Secretariat of the Peoples’ Democratic Party (PDP) over zoning of the party’s presidential ticket.

They barricaded the entrance to the complex, demanding that the presidential ticket of the party in the impending 2023 election in Nigeria should be zoned to the Southern part of the country.

It’s noteworthy that Southern Nigeria with 17 states has three zones, namely, South-East, South-South and South-West.

The protesters held placards with some inscriptions like “It is the turn of Southern Nigeria to produce the President”, and “Stop frustrating Southern Presidency.”

They wondered why the PDP was yet to announce its decision on zoning a few days to the party’s presidential primary.

The protesters were seemingly among many members of the PDP, and Nigerians at large, who anxiously await the party’s final decision on zoning. They were also among many who had asked that the presidential ticket be zoned to the South.

The PDP had in March 2022, inaugurated the Governor Samuel Ortom-led zoning committee. The panel was asked to make recommendations on a zoning formula for the various electoral offices ahead of next year’s polls.

Though the panel had reportedly submitted its report to the party’s National Executive Committee (NEC), no official announcement has been made on its recommendations.

There are, however, speculations that the panel has recommended that the presidential ticket be thrown open to all interested aspirants. It’s worth noting that the PDP had already screened 17 presidential hopefuls – from across different regions in the country.

Addressing newsmen, a leader of the group, Femi Osabinu, noted that the rotation of power in Nigeria goes beyond the mere aspiration of political parties, but also a tool for ensuring national unity and stability.

In this regard, he said candidates from Southern Nigeria must be allowed to occupy the position of President in the country come 2023.

“The established convention is that power must rotate between the North and the South. Hence, a President of Northern extraction follows that of Southern extraction, and vice versa. Any consideration outside of this is foul and may destabilise the polity.”

He said by doing so, the party would be respecting the established convention of power rotation and contributing to the dire need, to restore stability and national cohesion, back into the nation’s polity.

“It is the turn of the Southern part of the country to produce the next President, and we believe that your party, should have no difficulty in coming out with a categorical declaration, on this very important issue, in the next few days.

“This must be done without delay. The principle of Federal Character is enshrined in the 1999 Constitution, as amended. Remember, there won’t be PDP or APC if there is no country called Nigeria. Let us put Nigeria first in our resolutions.”

The party’s next NEC meeting is scheduled to hold next Tuesday being May 10, and it is hoped that it would announce its decision on zoning ahead of its presidential primary slated for May 28 and 29, 2022.

As the so-called concerned group goes about agitating for zoning as regards the impending presidential polls in Nigeria, I enjoin them to rather lay more emphasis on the need for the various political parties to shift their respective interests to the South-East zone, which is yet to produce a president since the inception of the Fourth Republic in the country.

It’s worthy of note that among the three aforementioned zones found in the Southern part of Nigeria, only the South-East is being short-changed; meaning literally that the country is yet to boast of a president of the South-East extraction.

However, as we clamour for such equity and fairness, the people of the South-East must take into cognizance that only their collective efforts would guarantee the actualization of such a quest, hence the need to form a formidable coalition among themselves towards achieving a common goal.

Politics is simply a game, therefore, the people of the zone ought to be prepared to play it as expected of them as a group.