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Realnews Inducts Bala Usman, Prof Gambari, Others Into Hall Of Fame

Realnews magazine and online publication has induced three Nigerians, one Cameroonian and a Moroccan into its Hall of Fame.
The induction was conducted at the 12th anniversary lecture of Realnews in Lagos. The Hall of Fame is exclusively reserved for Realnews guest lecturers and discussants for their services to the organisation.
According to the publisher, Maureen Chigbo, the new inductees have made immerse contributions in their fields of endeavor and they joined 46 others who had been inducted since 2015.
The new inductees are Professor Ibrahim Agboola Gambari, Ms. Beatrice Eyong, Dr. Karim El Ayanoui, Mrs. Hadiza Bala Usman, and Engr. Shehu Tijjani
Professor Gambari, who was the Guest lecturer at the event, is a Nigerian academic and diplomat. He had served as Cchief of Staff to former President of Nigeria from 2020 to 2023. Before the appointment, Prof, Gambari was the longest serving Permanent Representative of Nigeria to the United Nations from 1990 to 1999, under five Heads of State and Presidents, and he was also a Minister of External Affairs from 1984 to 1985. While at the UN, Gambari was the President of UNICEF in 1999 and became Under-Secretary-General and the first Special Adviser on Africa to Secretary- General, Kofi Annan from 1999 to 2005. He was the Under-Secretary-General of the United Nations for Political Affairs from 2005 to 2007 Under Secretary-Generals to Kofi Annan and Ban Ki-moon. His last appointment in the UN was from January 2010 to July 2012, when he was appointed by Ban Ki-moon as the Chairperson of the African Union Commission and the Joint African Union-United Nations Special Representative for Darfur.
Ms. Beatrice Eyong, Chairperson of the Lecture, is a Country Representative of the UN WOMEN, Nigeria, a Cameroonian national and an experienced gender specialist with over 39 years of professional working experience in promoting gender equality and women empowerment in different countries in Africa.
She has a Master of Science degree in Agricultural Extension from the University of Reading, UK specializing in Gender analysis and planning, Production of media for extension and training, Microfinance for rural development and the management of extension staff.
She is the UN Women’s Resident Representative to Nigeria and ECOWAS. Before coming to Nigeria, she was the Resident Representative of UN Women, Mali, and has also worked in countries like Niger and Democratic Republic of Congo. She has over 15 years of experience as an agronomist, microfinance officer, and gender specialist for the Cameroonian government in different development programmes.
Dr. Karim El Ayanoui, who was the Keynote speaker at the event, is the Executive President, Policy Center for the New South, Rabat, Morocco. He is also the Executive Vice-President of Mohammed VI Polytechnic University and Dean of its Humanities, Economics and Social Sciences Cluster. El Ayanoui is an economist. From 2005 to 2012, he worked at the Central Bank of Morocco where he held the position of Director of Economics, Statistics, and International Relations. At the Central Bank of Morocco, he was in charge of the Research Department and equally a member of the Governor’s Cabinet. Previously, he worked for eight years at the World Bank as an Economist for its regional units in the Middle East, North Africa, and Africa.
El Ayanoui has published books and journal articles on macroeconomic issues in developing countries. His recent research has been focused on growth and the labour market in Morocco, as well as on reforming the international development economy. He holds scientific and advisory positions at various institutions. He is currently a member of the Malabo Montpellier Panel, the Scientific Committee of the Italian Institute for International Political Studies, the Scientific Council of the Moroccan Capital Market.
Engr. Tijjani, who was a discussant at the event, is a technologist, innovator, visionary entrepreneur, dedicated to transforming Nigeria’s technological landscape.
He is a First-Class graduate in Information Technology and Business Information Systems from Middlesex University. With a background in embedded engineering (hardware & firmware), he founded Amal Technologies Nigeria Ltd an end-to-end electronics manufacturing company in 2018. He is deeply passionate about the semiconductor industry and its transformative potential for Nigeria. He recognizes that semiconductors are the foundation of modern technology and has made it a core focus of Amal Technologies. Under his leadership, Amal Technologies has become a leader in innovation, driving research and development in Nigeria.
Beyond entrepreneurship, Tijjani has completed numerous professional courses that enhance his expertise. He is passionate about empowering Nigeria’s next generation, leading training programmes that equip Nigerians with skills in hardware, firmware, material science, and fabrication. His efforts contribute to Nigeria’s growth, ensuring the country becomes a key player in the global technology industry. Through his leadership, Amal Technologies is driving Nigeria toward a more self-reliant and prosperous future.
Mrs. Bala Usman, a special guest and a discussant, who joined the event virtually, is the Former managing director of the Nigerian Ports Authority, NPA, (2016-2021) was appointed special adviser on policy coordination to President Bola Tinubu in June 2023. She previously served as the chief of staff to the governor of Kaduna State from 2015 to 2016. She is one of the co-founders of The Bring Back Our Girls campaign in 2014, and she is also a founding member of the ruling All Progressives Congress.
Bala Usman grew up on the campus of Ahmadu Bello University in Zaria, where she had her education at the university staff school and went ahead to complete secondary education. In 1996, she rolled at the university and bagged a Bachelor’s Degree in Business Administration in 2000. She later got a Master’s Degree in Development Studies.

NCC Talks To CBN To End Crisis Between Telecom Operators, Commercial Banks

The Nigerian Communications Commission (NCC) said it is engaging with the Central Bank of Nigeria (CBN) over the Unstructured Supplementary Service Data (USSD) debt issue between the telecom operators and the commercial banks in the country.
USSD, also known as quick or feature codes, is a global system for mobile communications (GSM) protocol that is used to send text messages and initiate financial transactions, such as cash transfers, balance inquiries, payments for services and others.
Chief Executive Officer (CEO) of MTN Nigeria, Karl Toriola, had said in October this year that banks might be disconnected from the USSD platform due to debt, arising from the use of the quick codes by their customers.
The executive secretary of the Association of Licensed Telecommunication Operators of Nigeria (ALTON), Gbolahan Awonuga said that the debt had increased to N250 billion.
In 2019, telcos said they could no longer provide the services for free and proposed to take a cut of N4.50k per 20 seconds from the charges paid by customers to the banks.
However, banks kicked against it, alleging that it would raise costs by 450 percent.
Toriola had said that mobile network operators (MNOs) might, subject to regulatory approval, suspend supporting the use of the service on the network for banking operations, as the debt had continued to pile up and was becoming unsustainable to the operators.
However, the NCC said it is engaging with the CBN to amicably settle the issue.
NCC’s Director of Consumer Affairs Bureau, Dr. Ikechukwu Adinde, who disclosed this during a training programme for journalists on emerging trends in the telecom sector, said it was hopeful that the issue would soon be settled.

ICC Issues Arrest Warrants For Netanyahu, Gallant Over Gaza War Crimes

Photo Credit: Aljazeera

In a landmark decision, the International Criminal Court (ICC) has finally issued arrest warrants for Israeli Prime Minister, Benjamin Netanyahu and his former Defense Minister, Yoav Gallant.

The warrants which was pronounced yesterday, November 21, 2024, alleged that the two leaders committed a war crimes during recent military operations in Gaza, including orchestrating attacks on civilians and using hunger as a weapon.

ICC Prosecutor Karim A.A. Khan KC said that his office submitted that the war crimes alleged in these cases were committed by Netanyahu and Gallant.

According to the ICC, there are “reasonable grounds” to believe that Netanyahu and Gallant were directly responsible for these crimes, which have exacerbated the humanitarian crisis in the region.

The use of starvation as a tactic is considered a grave violation of international law and has drawn widespread condemnation.

The ICC’s decision has been met with support from some nations, including the Netherlands, which has expressed its readiness to cooperate with the ICC in enforcing the warrants. This move marks a significant escalation in international scrutiny of Israel’s actions in Gaza.

As of 2024, there are 124 countries including France, United Kingdom, Germany, Spain, South Africa, Portugal, Australia, Nigeria who are members of ICC and they are expected to enforce the court’s decision.

Though, Israel and some notable countries like the United States, China, Russia are not members and do not recognise the court’s jurisdiction. However, the decision would have wide range implications for the Israel including diplomatic hurdles and world recognition of war crime among others

As the case progresses, further developments are expected, potentially reshaping the geopolitical landscape and testing the limits of international justice. The ICC’s investigation is ongoing, and it remains to be seen how Israel and other nations will respond to the warrants in days to come.

We’re Committed To Drive Nation’s Economy Through Public Private Partnership Strategy – Amb. Nicholas

Permanent Secretary in the Federal Ministry of Petroleum Resources, Ambassador Nicholas Agbo Ella, has emphasized the commitment of the Federal Government to fully utilize the Public Private Partnership (PPP) to drive the economy faster.
Speaking at a workshop on Public-Private Partnerships in the Nigerian Oil and Gas Sector in Abuja, Nicholas Ella said that the Public-Private Migration Policy launched in 2012, has been crucial in addressing critical infrastructure deficits in the country.
The workshop with the theme: “Sustainable Future for Nigeria’s Oil and Gas Industry: Concepts, Opportunities, and Challenges of PPP Initiatives,” provided a platform for exploring ways to leverage PPPs for national development.
Nicholas Ella noted that the 2012 policy initiative was introduced to utilize private sector expertise, financial resources, and technical capabilities in delivering infrastructure projects critical to Nigeria’s growth.
“The Public-Private Migration Policy emerged when the Federal Government of Nigeria recognized that it could no longer bear the full financial burden of providing the infrastructure necessary for the country’s economic growth. To sustain progress, the collaboration between the private sector and government through PPPs was deemed critical.”
The Permanent Secretary said that the policy is aimed at creating a framework where private sector investments and expertise are applied to sectors such as energy and health to enable projects that enhance economic productivity and improve the quality of life for Nigerians.
According to him, PPP framework remained the cornerstone of sustainable development in Nigeria, even as he called for increased stakeholders engagement to optimise private sector contributions in addressing infrastructure challenges.
“The administration of private sector finances and expertise, in collaboration with government efforts, ensures the efficient delivery of critical projects. This synergy has been instrumental in enabling the development of vital sectors, including oil, gas, and health.”

Ex Nigeria Diplomat, Gambari, warns On Consequences Of New Cold War In Africa

Former Undersecretary General of the United Nations (UN), Professor Ibrahim Gambari, has raised an alarm on the gradual return of the world to a new Cold War in which the big powers are directly joined and the Middle Powers are implicated either directly or by proxy.
Delivering the 12th Annual Lecture of Realnews Magazine in Lagos, Gambari, who was a former Nigerian Minister of Foreign Affairs and Chief of Staff to former President Muhammadu Buhari, noted the ongoing geopolitical resurgence and realignment being witnessed in these trying times around the world.
Speaking on the theme: ”Africa in World Shifting Geopolitics: Matters Arising on Demography, Technology, Artificial Intelligence, Natural Resources,” Gambari urged Africans generally and Nigerians in particular ”to take a step back and reflect on the contours of change taking place around us, as the invitation it provides us to begin to think about their implications for our immediate future and long-term interest.”
The changes, according to him, are unfolding before our eyes, promise a profound transformation the workings of the international system, and nations, big and small, North and South, are preparing themselves to ensure that they are neither left behind nor reduced to victims of the new order.
He observed that the expenditures on new generations of weapons of mass destruction are skyrocketing and across the world, from the Atlantic to the Pacific, the Arctic to the Antarctic, on land, in the air, on the seas, and in the outer space, saying: “a relentless militarisation is taking place.
“Taking advantage of the possibilities opened up by new digital technologies and artificial intelligence, various options for electronic warfare are being developed.
“In all of this, prime locations around the world that offer one form or the other of strategic advantage are being sought,” he said, adding that Africa, with an abundance of such strategic sites is, not surprisingly, the target of competitive bid from the Big and Middle Powers setting up military bases.
“We know that the entire seaboard of Africa is already dotted with military bases operated by various powers; the continent is once again at the centre of a scramble as the new Cold War intensifies. In addition to geo-strategic considerations in the event of conflicts and war, there are strong interests in securing access to and control of strategic and critical minerals and arable land and forests.”
Gambari also noted that competitive investments are also being made in building stable and durable political alliances with the governments of various countries and that the age of zero sum geopolitics is back with all its destabilising consequences for African countries.
Looking at the options open for Africa, Gambari stated that with well over a billion people and with an overwhelmingly youthful population, the African continent is destined for a significant role in the demographics of the world in a context in which populations are both declining and ageing rapidly in many other parts of the world.
He believes that taking advantage of the African demographic dividend in a renewed season of new global geopolitics effectively means that the countries of the continent “must build national and regional strategies to leverage the energy, innovative acumen, and futuristic vision of its young people in order to ensure that as a new world order takes shape, we are positioned to be joint rule makers.”
According to him, the import of all the foregoing is simple. “Although there is no doubt that up we are in the throes of rapid, complex, multidimensional change in global affairs, it is equally important to know that the outcome of the ongoing geopolitical shifts are not necessarily destined to be at the expense of or to the detriment of our people and continent. That means that we must be ready to harness our abundant human and natural resources to leapfrog our development in order to achieve the structural transformation that has eluded us for too long.
“It also means that we cannot afford to sit on the sidelines while the rules of a new world order are being written; we have the opportunity to insist on being joint rule makers so that the new global order that is being forged reflects our values and aspirations for a fairer, more inclusive, and equitable world.
“In this, we must ensure that our youth bulge is turned into an advantage that puts us at the forefront of the digital economy and the innovations underpinning it.”

Terrorism: Finland Arrests, Detains Self-styled Prime Minister Of Dream Biafra, Simon Ekpa

Päijät-Häme District Court in Finland has remanded a self-proclaimed Prime Minister of the dream Biafra Republic Government in Exile, Simon Ekpa, along with four others, after they were arrested over alleged terrorism.
They were charged with public incitement to commit a crime with terrorist intent, according to Finnish media reports.
In a statement today, November 21, Finland’s Central Criminal Police confirmed the arrest of five individuals for terror-related crimes. Ekpa is accused of using social media to incite violence against civilians and authorities in southeastern Nigeria.
Nigerian authorities had petitioned the Finnish government to arrest Ekpa.
The statement reads: “The detention demands are related to the preliminary investigation, in which a Finnish citizen of Nigerian background, born in the 1980s, is suspected of public incitement to commit a crime with terrorist intent.
“The police suspect that the man has promoted his efforts from Finland by means that have led to violence against civilians and authorities as well as other crimes in the region of South-Eastern Nigeria.”
The police said that the four suspects were arrested for financing the alleged terrorist activities.
The case involves international collaboration and court there would be hearings for the suspects, even as the country’s Crime commissioner, Otto Hiltunen confirmed that the main suspect, a Finnish citizen of Nigerian descent, born in the 1980s, has promoted activities resulting in violence and other crimes.
Further investigations are ongoing.
Ekpa was first arrested in Finland in February 2023. He was later released.

How To Beat Inflation In Nigeria, Boost Profits With Bixer

As Nigeria faces hyperinflation, many businesses are struggling to maintain profitability amidst rising costs. Now, more than ever, having the right tools to keep your business competitive and financially stable is crucial. Bixer, an AI-powered, cloud-based business management solution, is designed specifically to help small and medium-sized businesses (SMBs) in Nigeria identify operational leakages, prevent employee theft, cut management costs, and streamline processes. Here’s how Bixer’s robust suite of features can help you stay ahead of inflation and safeguard your business from financial pitfalls while boosting your profit margin.

Expense Control

Bixer’s Accounting and Finance module automates expense tracking, making it easier to monitor cash flow, control costs, and minimize leakages. With real-time expense tracking, automated invoicing, and financial reporting, Bixer reduces the risks associated with manual data entry errors. By gaining visibility into your finances, you can proactively address potential areas of loss, keeping your business financially sound even in a challenging economy. Budgeting and forecasting tools allow you to prepare for economic fluctuations, ensuring stability and continuity.

Streamlined Operations

With Bixer’s Inventory Management feature, businesses can track stock levels automatically, preventing issues like overstocking or product shortages that drive up costs. The Point of Sale (POS) system integrates seamlessly with inventory, enabling sales tracking, customer profiling, and receipt generation, and providing real-time insights into spending trends. These analytics allow businesses to make better-informed decisions, adjust stock based on demand, and optimize resource allocation to reduce waste and maximize profitability.

Enhanced Security

Bixer’s Security and Backup features offer critical safeguards against employee theft and unauthorized access. With user access controls, data encryption, and audit logs, Bixer ensures that only authorized personnel have access to sensitive business data. Automated backups and data recovery further protect your financial information, offering peace of mind in an unpredictable economy.

Actionable Insights

In a time of economic uncertainty, Bixer’s Intelligence Reporting and Analytics provides a competitive edge. Customizable reports on revenue, inventory, and expenses reveal spending patterns and cost-saving opportunities. By analyzing these insights, SMBs can make strategic decisions that maximize revenue and mitigate risks. Bixer’s analytics allow business owners to adjust operations dynamically, ensuring they are always equipped to respond to economic changes and reduce unnecessary expenses.

On-the-Go Access

Bixer’s Mobile and Desktop Apps provide SMEs with flexibility, offering on-the-go access and offline capabilities for uninterrupted management. Data automatically syncs across devices, and secure access is maintained through Bixer’s encryption and access control protocols. These mobile and desktop tools enable businesses to monitor performance anytime, ensuring critical decisions are informed by the latest data.

For Nigerian businesses seeking stability in turbulent economic times, Bixer offers an all-in-one, AI-powered solution to safeguard finances, optimize costs, and position your business for success.

To try the above recommended solutions, visit www.bixer.com.ng to get started for free, today!

Tinubu’s Govt Proposes N47.9 Trillion Budget For 2025; Seeks $2.2 Billion External Loan

President Bola Tinubu’s Federal Government has proposed a budget of N47.9 trillion for the 2025 fiscal year, even as he wrote to the National Assembly, seeking for approval to take another $2.2 billion (about N1.77 trillion) external loan.
The 2025 budget represents a 35 percent increase from the 2024 total budget of N35.5 trillion.
The proposed budget breaks down into several key areas, including a non-debt recurrent expenditure of N9.92 trillion, capital expenditure of N7.72 trillion, debt service of N8.25 trillion, statutory transfer of N1.37 trillion, and a sinking fund of N243.66 billion.
The budget proposal projects a gross domestic product growth rate of 4.6%, crude oil price of $75 per barrel, exchange rate of N1400/dollar, and oil production of 2.06 million barrels per day.
Briefing newsmen shortly after approval of the proposal by the Federal Executive Council (FEC), presided over by President Tinubu in Abuja, the Minister of Budget and Economic Planning, Atiku Bagudu, said: “Key parameters for the 2025 to 2027 MTEF include an oil price benchmark of $75 per barrel for 2025, oil production set at 2.06 million barrels per day, and a projected exchange rate of 1,400 Naira to the US Dollar, as well as GDP growth target of 4.6% for 2025.
“For 2025, the federal government budget estimate is, is the aggregate expenditure is estimated at 47 trillion, and this includes a borrowing of 13 point 8 trillion, which is 3.87% of the estimated GDP and it includes projections, especially for the first time, provisions for contribution to the development commissions that have been passed by the National Assembly or are in the process of being passed by the National Assembly.
“Equally, the fiscal objectives were conservative because we want to ensure that we study the course much as we believe the projections will be exceeded.
“The budget size that was approved for presentation to the National Assembly in the mtef is 47 point 9 trillion, with new borrowings of 9.2 trillion to finance the budget deficit in 2025 as well as noting that we need to sustain the market deregulation, commendable market deregulation of petroleum prices and exchange rate.
“And to compel the Nigerian National Petroleum Corporation Limited to lower its oil and gas production cost significantly, and even to consider the need to amend the relevant sections of the Petroleum Industry Act 2021 to address the significant risk to Federation.”
Meanwhile, President Bola Tinubu has written to the National Assembly, seeking the approval of a fresh $2.2 billion as a new external borrowing plan in the 2024 Appropriation Act.
The President’s request was contained in a letter read by the Speaker of the House of Representatives, Tajudeen Abbas, during plenary today, November 19.
If approved, the loan will be used to part-finance the budget deficit of N9.7 trillion for the 2024 budget.
The President also forwarded the 2025- 2027 Medium-Term Expenditure Framework and the Fiscal Strategy Paper to the National Assembly for consideration and approval.
Tinubu also sent the National Social Investment Programme Establishment Amendment Bill to make the social register the primary tool for the implementation of the Federal Government’s social welfare programmes.
The letter read in part: “Request for the resolution of the National Assembly for the implementation of the new external borrowing of N1,767,102,179.00, that is about $2.209bn already enshrined in the 2024 Appropriation Act.
“In accordance with the provisions of Sections 21 and 27 Subsection 1, the Debt Management Office established Act 2003 and the approval of the Federal Executive Council, I write the request for a resolution of the National Assembly to raise the sum of $2.2 09bn.
“The new external borrowing enshrined in the 2024 Appropriations Act, part financed the budget to about $9.17 trillion.
“A Euro bond of about $1.7bn and Sukuk financing of another $500m the actual makeup of the financing.”
The second letter reads: “Please receive the 2025-2027 MTF and FSP approved during the Federal Executive Council meeting on the 10th day of November 2024.
“The Senate is invited to note that as the 2025 budget of the Federal Government of Nigeria will be prepared based on the parameters and fiscal assumptions of the approved 2025-2027 MTF and FSP, it is imperative to seek the National Assembly’s expeditious legislative action in this submission.
“I trust that the House of Representatives will consider the passage of this submission expeditiously.”
The Federal Executive Council approved the $2.2bn external borrowing plan last Thursday.

Wike Approves Immediate Implementation Of N70,000 Minimum Wage For FCT Workers, 3-Month Arrears

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has approved the immediate implementation of N70,000 minimum wage for workers under the employ of Federal Capital Territory Administration (FCTA).
The Minister also granted approval for the payment of three months arrears for all staff of the Administration with effect from November, 2024.
The Acting Head of Civil Service, Mrs. Grace Adayilo, in statement, said that minister Wike congratulated the workers and asked them to further rededicate themselves to the service of building an all inclusive capital city for all Nigerians.
The minister called on the staff to support him as he continues to deliver on the ‘Renewed Hope Agenda’ of President Bola Ahmed Tinubu.

I Am Official Spokesman To President – Bwala: You Are Not – Onanuga

Presidential Aso Rock Villa, Abuja

The media team of President Bola Tinubu seems boiling, as Daniel Bwala, who just joined the communication team told newsmen in the presidency that he was the official spokesman to the President. Bwala was spokesperson to Atiku Abubakar, Presidential Candidate of the Peoples Democratic Party (PDP) in the 2023 elections.
Bwala announced to newsmen yesterday that he had taken over as Presidential spokesman, saying: “today, I resumed officially as the Special Adviser, Media and Public Communications/Spokesperson (State House).”
However, Bayo Onanuga, who had been acting as presidential spokesman since the exit of Ajuri Ngelale in September, countered Bwala.
Onanuga, who has since moved into the office occupied by Ngelale, said that there was no single spokesperson for Tinubu, but three.

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