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Home Blog Page 6430

My Village Town Crier Speaks on Coronavirus Lockdown

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The Ovim Oriendu Market (Abia state, Nigeria) was largely empty this week. The town crier had gone with his gong, informing all residents of Ovim that Ojengwa (women compliance officers) would penalize anyone that enables a gathering of more than 50 people. They put the fine at N100,000. Birthdays, parties, celebrations and most burials would all be frozen accordingly.

These women, carefully selected by the council to police the community, are exceedingly powerful. They have the power to excommunicate and ban men from the community, and they can impose severe fines and execute them.

The most dreaded is this: you have no asset as a law breaker, they will come and pick your neighbor’s assets, and then pass a message to the neighbor to go and recover them from you. Legally, that seems unfair, but over time, I have grown to understand that by enforcing the penalties on not just the subject but the neighbors put the burden on neighbours to do all necessary things to avoid a bad guy in their midst. So, if you do not want to lose your goat, you better report that guy when you see him stealing!

As the Nigerian government plans to impose massive inter-state bans due to coronavirus, communities must not wait for governments to find ways to ensure citizens are safe. There are small things which can be done to help the evidently overwhelmed government.


Image – online picture used to illustrate the article

TrustBanc Daily Stock Market Scorecard, 26th March 2020

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As of Thursday afternoon, COVID-19 has touched 171 countries, sickened over 482,800 with at least 21,896 deaths recorded. Fears continue to mount as numbers of new infections in the US is growing quickly.

The uncertainty about when the virus will be tamed continues to hunt companies and investors despite the unprecedented trillions that have thrown at the pandemic. Until there is a preventive vaccine or a cure, the bulls may remain too weak to lead a rally.

Today at the local bourse, the All Share-Index (ASI) recorded another marginal movement with a growth of 0.13% to abate the Year-to-Date (YTD) loss of the Market to 18.94%.

Other global indices:

  • FTSE 100 (UK) – up by 2.24%
  • Dax (Germany) – up by 1.28%
  • CAC 40 (France) – up by 2.51%
  • Nikkei 225 (Japan) – down by 4.51%
  • S & P 500** (US) – up by 3.54%
  • Nasdaq** (US) – up by 3.63%

**US Market is still active till 9.00 p.m.

Market Breadth: The sentiment of investors was positive today as the bulls dominated trading activities with 24 rising stocks as against the bears’ 8 declining stocks.  Patiently, investors continue to hunt penny and underpriced stocks in anticipation of the bounties ahead. See the list of top gainers and losers below:

Market Turnover: Turnover declined for the third consecutive day as ‘work from home’ kicks in. The  Top ten trades are summarised below.

Have a good evening.

Moscow Pilots A Post-Covid-19 World

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Mr. A: Why is the U.S struggling with lock down compliance?

Mr. B: It cannot effectively monitor and punish for non-compliance, unlike China and Russia.

Welcome back to Moscow from a Covid-19 exposed nation. Sign this document that you would self-quarantine for 14 days. Please note: we have activated over 100,000 cameras with facial recognition capabilities across Moscow. If we pick your face in the next 14 days, you will spend 5 years in Jail.

This is my call and what will happen in some countries in coming years: we will move from facial recognition cameras to biochip implantation in humans to track and monitor citizens.

Within the next ten years, a country will make the implantation of biochips (microchips inside humans) on citizens mandatory to help during pandemic and security paralyses. The GPS-embedded biochip will collect blood samples, analyse them in-vivo, and send results to a central server. On the server, the government will know where people with, say, a coronavirus, are located, and will pick them up for further assistance. Most privacy-related activism will fade and health surveillance will scale globally. I invite you to read this piece which Isaac Thani shared with Tekedia; Bill Gates predicted this pandemic to the money!

COVID-19 and the Irony of “Nwa Ngene”

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Nwa Ngene is a small stream that ran through Fegge, Onitsha. My mother always tells of how they used to go there as small children to kill small fishes, wash their clothes, bathe, swim and do other playful things children do in that kind of stream. She said the stream was always dirty because, apart from being a “playground” for children, people walk through it when they want to take the short cut from Fegge to Ose Market. So Nwa Ngene is not where people fetch drinking water, officially, but those children bathing and swimming in the water still drink it, and people living around fetch from it for domestic use; but it is not considered hygienic anyway. However, my mother is always quick to remind me that they never drank Nwa Ngene. But then, Anambra people have this adage that says, “A gbarusia Nwa Ngene, e kulu Nwa Ngene nwuo”, which literally means that “you will still drink from Nwa Ngene even after you polluted it”. This is a way of saying that the system one destroyed will be needed by one later.

The “Nwa Ngene” irony brings our mind to what is happening in Nigeria today – the destroyed system is now giving solace to those that destroyed it.

Everyone knows that Nigeria is battling with a lot of challenges – the education system is substandard; the medical sector is in a sad state; finance is a mess; judiciary is a joke; power sector is epileptic; everything is crumbling. In fact, Nigeria has been stripped of her dignity and left bare to be mocked by other nations; thanks to our past and present leaders and some public office holders.

Education in Nigeria is considered, or is rather known to be of low standard. This is not to say that Nigerians are not intelligent, because that will be a fallacy. The problem is that our education sector has been short-funded and is therefore not as effective as it is supposed to be. It is not considered important enough to be given utmost priority in the national budget. Even the little funds earmarked for it are stolen by public officers, who wouldn’t mind seeing half-baked graduates released by our schools because their own children are studying in the best universities in the world (and their tuition and expensive lifestyles sponsored by stolen public funds). Today, our education system is going down the drain, instead of improving.

Graduates of Nigerian higher institutions are not considered good enough by many countries of the world. For instance, a medical doctor that studied and practiced in Nigeria cannot practice medicine when he finds himself in Canada. He will have to subject himself to further training, examinations and so on, before he is considered qualified to touch any Canadian citizen. This is because, over there, they believe that Nigerian medical schools are not of good standard. But today, those doctors considered unqualified by the Global North are the ones battling COVID-19 in Nigeria (and they’re doing great jobs at that).

Placing COVID-19, Nigerian education system and the medical sector side by side will give you a clear and valid instance of the irony of Nwa Ngene adage. If you have followed the NCDC reports on confirmed cases of COVID-19 in Nigeria, you will realise that the majority of the victims are “returning travellers”, some of whom are our top public office holders (past and present) and some of their relatives. There are still some unconfirmed tested cases and some yet to submit themselves to be tested even after exposing themselves to the virus.

But then, the irony here is that these top public officers had the chance of putting our educational and medical sectors in order, but they didn’t. Right now, those sectors they ignored are going to give them solace in their time of need. The doctors that will manage their cases are the ones trained in unfunded sub-standard Nigerian schools, which the officers said were not good enough for their children; and the hospitals they were taken to were the unequipped ones they abandoned for overseas medical attention. What a life!

As we wish our office holders quick recovery, we pray for them to use this period to note down what needs to be done to set our systems working properly. We pray to them to remember that in their time of need, outsiders were not there to help them. We pray that as they leave their sick beds, they should go back to the deliberation table and plan properly on how to move Nigeria forward. They should remember that there’s no place like home.

NB: NCDC also needs to check on returnees and public officers in other parts of the country before this virus spreads beyond control.

Tony Elumelu Answers The Call – Donates $14 Million To Fight Covid-19 Via UBA Foundation

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If you say you are a rich, now is your moment for Africa. We are waiting for the billionaires and the mega churches to step forward. I use this moment to commend Mr. Tony Elumelu for dropping $14 million to help Africa on the Covid-19 fight via UBA Foundation. If you say you have money, now is the time to tell your national community. As a teacher, from a village, I will gladly do what teachers do – write and thank you. Touch us with your money and resources, ye billionaires and mega churches.

The Press Release

March 26, 2020. United Bank for Africa Plc (UBA) today announced a donation of over 5 billion Naira (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the Coronavirus (COVID-19) global pandemic.

The donation will provide significant and much needed support to Nigeria and 19 other African countries, by supplying relief materials, critical care facilities, and financial support to governments.

The UBA support programme will be allocated as follows:

  • N1 billion (USD2.8 million) to Lagos State Government in Nigeria.
  • N500 million (USD1.4 million) to Nigeria’s Federal Capital Territory, Abuja.
  • N1 billion (USD2.8 million) to the remaining 35 states in Nigeria.
  • N1.5 billion (USD4.2 million) to UBA’s presence countries in Africa.
  • N1 billion (USD2.8 million) for Medical Centres with equipment and supplies Free Telemedicine Call Centre facility.

The pan-African bank will fund a medical centre immediately in Lagos, Nigeria, with beds for isolation and ICU facilities, managed and operated in partnership with Heirs Holdings’ healthcare subsidiary, Avon Medical Hospital.

In addition, UBA is providing a free telemedicine platform, that is physician-led, to provide direct access to medical advice to citizens, in compliance with social distancing requirements.

UBA Group Chairman Tony O. Elumelu, stated ‘This is a time when we must all play our part. This global pandemic must bring citizens, governments and business leaders together – and quickly. As we see a rapidly increasing number of cases of the Coronavirus in Nigeria and Africa, the private sector has to work hand in hand with various governments, in stemming the spread of the global pandemic.

We commend the efforts of governments and we are keen to partner and contribute our resources to the collective effort, that will ensure the response to the pandemic is swift and effective’.

Operating in 20 African countries and globally in the United Kingdom, the United States and France, the United Bank for Africa has a strong record of supporting its communities, through challenging times.