Sèmè City Accelerating Search For Anglophone Partners To Grow New Education, Research, And Entrepreneurship Projects

The Sèmè City Development Agency (Sèmè City), a flagship project of the Government of Benin’s action plan, says it is scaling up its strategic efforts to improve the training and professional integration of youth with a particular focus on Anglophone partners.

Potential partners are invited to submit partnership and co-creation proposals covering projects in the areas of training, research, and entrepreneurship by October 31, 2022. This call for proposals is in line with Sèmè City’s commitment to fostering innovation made in Africa to create jobs and wealth in West Africa,it said in a statement.

The focus on Anglophone partnerships was sequel to the success of the initial launch in June 2022 of the call for projects targeting mainly Francophone partners. During this first phase, 11 partnership agreements were signed with French academic institutions and companies in the presence of President Macron in Sèmè City. These partnership agreements cover the implementation of several quality training and professional integration programs that will be deployed from 2022 to meet the training and recruitment needs of sectors facing shortages.

Sèmè City provides an attractive and dynamic environment for various partners to develop high-impact projects.

The targeted partners are: operators providing higher education and technical and vocational training programs;incubators and accelerators of entrepreneurial projects;laboratories, research centers and university chairs;companies active in the education and innovation ecosystem and experts in educational engineering and in the creation of high-level training and entrepreneurship programs.

Sèmè City Managing Director, Mme Claude Borna commenting on the call for proposals, said:”By creating Sèmè City, Benin is developing a unique setup to train a new generation of talent, equip them for the future and promote a growth model based on innovation made in Africa. Since starting our operations in 2017, we have laid the solid foundation to make this vision a reality. The new partnerships we are forging as part of the 2022 call for projects represent a strong commitment to co-construct tomorrow’s African successes today. We expect to see very strong impacts in terms of jobs, products and services recognized as innovative and solutions that can be exported far beyond the continent.”

Located in Benin on the west coast of Africa, Sèmè City is the gateway to a thriving sub-regional ecosystem of professional training and innovative entrepreneurship. Since its launch in 2017, Sèmè City has grown exponentially and offers programs deployed in four locations in Benin. Several hundred students and researchers are enrolled in these various undergraduate, research and continuing education programs. More than 1,000 entrepreneurs have also participated in capacity building and support programs.

Phase 1 of the project is now operational with a 4,500 square meter campus in Cotonou that includes modular and equipped classrooms, an auditorium, research spaces and a data center. Adjacent to the campus, the 2,500 square meter Sèmè City Open Park provides access to prototyping and 3D printing tools in buildings built from containers.

Among the partnerships already launched in Phase 1 are with academic institutions such as Epitech, École de Design Nantes Atlantique, Ecole Polytechnique Fédérale de Lausanne and Sorbonne University as well as several technical and financial partners including the World Bank, UNICEF, UNFPA, the Belgian Development Agency (ENABEL), and the Swiss State Secretariat for Economic Affairs (SECO)

For its second phase, Sèmè City will be able to accommodate up to 33,000 students, entrepreneurs and innovators from various African countries in its new 336-hectare smart eco-campus under development in Ouidah, a peri-urban area hosting several major tourism projects. Organized around five innovation clusters, the Ouidah campus will be operational by the start of the 2025 academic year:

• Cluster 1 Science, Technology, Engineering, Mathematics and Sustainable Cities
• Cluster 2 Art, Design and Creative Industries
• Cluster 3 Education, Human and Social Sciences
• Cluster 4 Sports, Nutrition and Wellness
• Cluster 5 Tourism, Hospitality and Catering

Built next to a protected forest, this eco-city is designed to preserve the exceptional environment. It will integrate housing, sports facilities and shops. Facilities will be made available to partners who wish to rent space and plots will also be available for those who want to develop their projects.

The vision for phase 2 of Sèmè City is materialized through the development of a regional center for higher education and technical and vocational training with infrastructures and technical platforms that meet the required standards to facilitate learning and professional insertion. This regional center for professional training and entrepreneurship will provide young people with favorable training conditions inspired by successful models as well as opportunities for insertion into the French and English-speaking African markets.

PENCOM Says N14.5trn Pension Fund Not Idle   .

The National Pension Commission of Nigeria (PENCOM),says the N14.5trillion available pension fund is not idle, as the fund has been properly invested.

It explained how the fund was invested while meeting with the Senate Committee on Finance currently interfacing with government agencies on proposals for the 2023- 2025 Medium Term Expenditure Frame Work (MTEF) and Fiscal Strategy Paper (FSP).

The agency added that N9 .5trillion out of the N14.5 trillion is invested in federal government security, N1.23trillion in equity shares, while 35% of the fund is invested in money market.

The Executive Chairman of PENCOM, Aisha Dahiru Umar, who stated these in her submission to the Senate Committee on Finance, assured of payment of pensioners a week after retirement.

According to her, backlog of accrued rights component of pension payments to pensioners causing delay in payment over the years, is almost cleared by the Federal Government.

She said within the last seventeen years, the federal government has been paying N49billion per month to offset the accrued rights backlog of pensioners.

She also said: “Late payment of pension to pensioners will be a thing of the past very soon as required steps in that direction have been taken by the federal government, whose retirees are affected.”

She advised pensioners to carry out required documentation a year to their retirement in fast tracking the whole process.

The committee, however, said the yearly repeated N102million overhead subvention given the agency by the federal government will be removed aside the N26billion yearly inserted into the Commission budget without cash backing.

MDAs  Inflated 2021, 2022 Budgets With N400bn- ICPC

The Independent Corrupt Practices Commission and other Related Offences (ICPC) has disclosed the bogus fraud perpetuated by Ministries, Agencies and Departments (MDAs) in the 2021 and 2022 budgets in Nigeria

The anti-graft agency revealed during the interface with the Senate Committee on Finance on Thursday that the N13.59trillion 2021 budget was padded by the various MDAs with duplicated projects worth N300billion.

It said that projects duplication worth N100billion were also inserted by the MDAs into the N17.12trillion 2022 budget,adding that N49.9billion was tracked between January and June this year as salary for ghost workers.

These frauds carried by the MDAs were made known by the ICPC Chairman, Professor Bolaji Owasanoye, who said that the projects duplication was tracked through thorough scrutinization carried out on approved projects for the various MDAs.

He said: “N300billion would have been wasted by the federal government on duplicated projects inserted into the 2021 budget and N100billion for same purpose in the current fiscal year if not tracked and intercepted by ICPC.The same preemptive move, saved the country from spending N49.9billion for salaries of ghost workers put on fictitious pay roll by the fraudulent MDAs between January and June this year.

“Names of MDAs involved in projects duplications running into billions of naira and fictitious pay rolls, are available and will be forwarded to the committee.
The good thing about the preemptive moves made by us is that monies for the fraudulent acts were prevented from being released to the affected MDAs and it is gratifying that the Finance Ministry and Accountant General Office cooperated with us.”

To avert a repeat of what happen to the 2021 and 2022 budgets, the ICPC boss urged the relevant committees of the National Assembly to seriously interrogate the proposed N19.76trillion 2023 budget, adding, “from our own end, detection of such projects is done by verifying their locations and names, upon which we tell the appropriate authorities not to release wrongly budgeted monies for them.”

The Committee Chairman, Senator Solomon Olamilekan Adeola (APC Lagos West), told the anti-graft agency that the committee is impressed by proactive ways it adopts in the fight against corruption, adding that the operational cost of the agency will be increased from N1.8 billion.

“Your operational cost which is N1.8billion will be increased as required impetus for more proactive measures against corrupt practices across the various MDAs.Your submissions clearly show that all hope is not lost for our dear country as far as fighting corruption is concerned.”

Shell Appoints Wael Sawan As New CEO

Ben van Beurden will step down as Chief Executive Officer (CEO) of Shell Plc at the end of 2022, and that his successor will be Wael Sawan. Wael’s appointment is effective January 1, 2023, when he will also join Shell’s Board of Directors,a statement has said

Ben van Beurden will continue working as adviser to the Board until June 30, 2023, after which he will leave the group,the statement added.

Shell’s Chair, Sir Andrew Mackenzie said: “Wael Sawan is an exceptional leader, with all the qualities needed to drive Shell safely and profitably through its next phase of transition and growth. His track record of commercial, operational and transformational success reflects not only his broad, deep experience and understanding of Shell and the energy sector, but also his strategic clarity.

He combines these qualities with a passion for people, which enables him to get the best from those around him. The outcome of the Board’s managed succession process resulted both in the appointment of an outstanding CEO and proved the strength and depth of Shell’s leadership talent. I look forward to working with Wael as we accelerate the delivery of our strategy.”

Wael Sawan said: “It’s been a privilege to work alongside Ben and I’m honoured to take over the leadership of this great company from him. I’m looking forward to channeling the pioneering spirit and passion of our incredible people to rise to the immense challenges, and grasp the opportunities presented by the energy transition. We will be disciplined and value focused, as we work with our customers and partners to deliver the reliable, affordable and cleaner energy the world needs.”

Speaking on Ben van Beurden, Sir Andrew said: “Ben can look back with great pride on an extraordinary 39-year Shell career, culminating in nine years as an exceptional CEO. During the last decade, he has been in the vanguard for the transition of Shell to a net-zero emissions energy business by 2050 and has become a leading industry voice on some of the most important issues affecting society.

“He leaves a financially strong and profitable company with a robust balance sheet, very strong cash generation capability and a compelling set of options for growth. These were all enabled by bold moves he has led, including the 2016 acquisition of BG and the transformational $30 billion divestment of non-core assets that followed.

He took firm, decisive action to marshal the company through the global pandemic, seizing the opportunity for a major reset to ensure we emerged fitter, stronger and equipped to succeed in the energy transition. Powering Progress, Shell’s detailed strategy to accelerate our profitable transition to a net-zero emissions energy business by 2050, was unveiled in February 2021 and was quickly followed by moves to simplify both our organizational and share structures. Ben’s legacy will frame Shell’s success for decades to come.”

Ben van Beurden said: “It has been a privilege and an honour to have served Shell for nearly four decades and to lead the company for the past nine years. In my journey from LNG design engineer to CEO, I have been fortunate to work alongside so many talented people from diverse backgrounds – all committed to the company’s goal of providing the world with the essential commodities of modern life. I am very proud of what we have achieved together. I have great confidence in Wael as my successor. He is a smart, principled and dynamic leader, who I know will continue to serve Shell with conviction and dedication. I wish him and his family all the best for the journey ahead.”

Rivers :  Women Now Eligible To Share In Family Property

Rivers State governor, Nyesom Wike has signed into law the rights of women to have a share in the family property.

He also noted that most socioeconomic and educational problems linger in the country because Nigerians elect people who cannot solve problems.

He made the observation at the signing into law three bills passed by the State House of Assembly at the Executive Chamber of Government House in Port Harcourt on Thursday.

The three laws are; the Rivers in women’s Right to Share in Family Property Law No. 2 of 20 oo22, Rivers State Compulsory Treatment and Care of Victims of Gunshots Law No. 3 of 2022, and the Rivers State Pension Reform (amendment) Law No. 4 of 2022.

Commenting on the law to prohibit the curtailment of women’s right to share in family property law, Governor Wike expressed displeasure over how most cultures, particularly in Rivers State, do not encourage what engenders growth among the people.

He wondered why women are deprived from sharing in the inheritance of their families when they are often the most useful members of the society in comparism to most male children.

He maintained that the law is important to the development of the State, because it will enable its people to actualize their potentials, as women will be allowed by law to inherit their entitlements.

He urged women not to be afraid of any threat from members of their families concerning inheritance,adding that they should stand up for their rights and challenge any discrimination against them in court, using the law in order to access their entitlements.

Speaking on the pension reform law, Governor Wike said when pensioners protest it is because they do not quite understand the good intentions of government.

He explained that because of paucity of funds, government must prioritize its spending in order to have funds for the provision of services, projects and also pay workers’ wages.

“The government has good intention and wants to do it at its own time. Only government knows when it can carry out this responsibility. Government will pay when it will pay’’,he added.

ASUU Knocks  Pro-Chancellors  Over Comments On Collective Bargaining

The Academic Staff Union of Universities (ASUU) on Thursday advised the Committee of Pro-chancellors of State Owned Universities in Nigeria (COPSON) to stop playing to the gallery and learn from their counterparts in Federal Universities who are impressing it on government to do the needful for public universities.

The union in a release signed by the Convener, ASUU Rapid Response, Professor Ade Adejumo entitled “COPSON: Stoking the Blaze of Discord” stated that no amount of threats will make the Union stop fighting for quality education and welfare of her members.

The union reacted to the communique issued at the end of the meeting of COPSON where they said government should enforce no work no pay and that the centrally agreed negotiations will not be binding on them to obey.

According to ASUU boss, COPSON needs to understand that the principle of collective bargaining is sanctioned by the law.

Adejumo who knocks NOPSON for saying collectively agreed negotiations will not be binding on them asked them to explain “why have they not insisted that policies and directives of central regulatory bodies like JAMB, NUC and NYSC are not binding on them?”

Professor Adejumo maintained that “ASUU is one, a thousand communiques and threats from COPSON cannot break our ranks and iron resolve to see this struggle and any other one in the future to its successful end”.

ASUU asked the pro-chancellors to provide evidences where they have improved the salaries and welfare of their school but said pro-chancellors of state Universities “are always eager to run to Abuja to collect money from TETFUND which was brought into existence by ASUU, but only wonders whether some people’s consciences go on holiday when they sit down to make certain pronouncements.

“These indeed are grave moments. Ominous signs on the horizon for our education system. The latest assault on the university system in Nigeria is captured by the communique released by the committee of pro-chancellors of state Universities.

“The ‘fatuwah’ declared on the principle of collective bargaining by a duly registered Union like ASUU for its members is quite worrisome. If we may ask, what is the function of a Union if not to see to the welfare of its members? Why is COPSON fixated on the curious idea that centrally negotiated salaries by ASUU with government will not be binding on them when they have always been represented in such negotiations? Why have they not insisted that policies and directives of central regulatory bodies like JAMB, NUC and NYSC are not binding on them? Why is COPSON behaving like Chichidudu of Ayi Kwei Armah’s tale? For clarity, chichidudu is a bird that hates excreta with passion, but feeds on the maggots that grow out of fecal wastes.

“As pro-chancellors of state Universities, they are always eager to run to Abuja to collect money from TETFUND which was brought into existence by ASUU, but they hate the union with passion. One only wonders whether some people’s consciences go on holiday when they sit down to make certain pronouncements! If we may ask further, are the perks of office that most of these pro-chancellors enjoying not centrally determined?

“How many of them have gone out of their ways to offer the staff of their universities higher emoluments than the slave wages that academics in Nigeria are presently receiving? Myriad of questions begging for answers from our almighty COPSON.

What is expected of COPSON at this critical junction is to borrow a leaf from their colleagues at the Federal Universities by calling on the government to do the needful to address issues in ASUU demands rather than stoking the embers of a simmering blaze as they have done here.

For their information, let it be stated here that ASUU is one, a thousand communiques and threats from COPSON cannot break our ranks and iron resolve to see this struggle and any other one in the future to its successful end.”

Inflation Increases To 20.52%. In August

The National Bureau of Statistics (NBS) has revealed the headline inflation rate in August 2022, rose to 20.52% on a year -on year basis

In its consumer index report released on Thursday, the Bureau noted that the was 3.52% points higher compared to the rate recorded in August 2021, which was (17.01%).

It explained that the general price level in August 2022 was 3.52% higher relative to August 2021.

“This shows that the headline inflation rate increased in the month of August 2022 when compared to the same month in the preceding year (i.e. August 2021). Meaning that in August 2022, the general price level was 3.52% higher relative to August 2021. On a month on month basis, the Headline inflation rate in August 2022 was 1.77%, this was 0.05% lower than the rate recorded in July 2022 (1.82%). This means that in August 2022 the headline inflation rate (month-on-month basis) declined by 0.05%.

“The percentage change in the average CPI for the twelve months period ending August 2022 over the average of the CPI for the previous twelve months period was 17.07%, showing a 0.47% increase compared to 16.60% recorded in August 2021. The Increases were recorded in all COICOP divisions that yielded the headline index”, it added

It gave insights into the likely factors responsible for the decline in the monthly inflation rate (Month-on month basis), including decline in current month food index relative to the reference month index which is due to harvest season and relative stability in transportation cost due to availability of fuel.

It said likely factors responsible for the increase in annual inflation rate (Year-on-Year basis), also include disruption in the supply of food products, increase in import cost due to the persistent currency depreciation and general increase in the cost of production.

“On a year on year basis, in August 2022, the urban inflation rate was 20.95 %, this was 3.36% higher compared to 17.59 % recorded in August 2021. On a month -on month basis, the urban inflation rate was 1.79% in August 2022, this was a 0.03 % decline compared to July 2022 (1.82%). The corresponding twelve month average for the urban inflation rate was 17.59 % in August 2022. This was 0.4% higher compared to 17.19% reported in August 2021.

“The rural inflation rate in August 2022 was 20.12% on a year on-year basis; this was 3.69% higher compared to 16.43% recorded in August 2021. On a month on month basis, the rural inflation rate in August 2022 was 1.75%, down by 0.06% compared to July 2022 (1.81%). The corresponding twelve-month average for the rural inflation rate in August 2022 was 16.58%. This was 0.55% higher compared to 16.03% recorded in August 2021.

“The food inflation rate in August 2022 was 23.12 % on a year-on-year basis; which was 2.82% higher compared to the rate recorded in August 2021 (20. 30%).This rise in the food inflation was caused by increases in prices of Bread and cereals, Food product e.g.: Potatoes, yam and other tuber, fish, meat, oil and fat.

“On a month-on-month basis, the food inflation rate in August was 1.98%, this was a 0.07% decline compared to the rate recorded in July 2022 (2.04%). This decline is attributed to reduction in prices of some food items like Tubers, Garri, local rice and Vegetables. The average annual rate of food inflation for the twelve-month period ending August 2022 over the previous twelve-month average was 19.02%, which was a 1.48% decline from the average annual rate of change recorded in August 2021 (20.50%).

“The “All items less farm produce” or Core inflation, which excludes the prices of volatile agricultural produce stood at 17.20% in August 2022 on a year-on-year basis; up by 3.79% when compared to 13.41% recorded in August 2021. On a month-on-month basis, the core inflation rate was 1.59% in August 2022. This was down by 0.17% when compared to 1.75% recorded in July 2022.

“The highest increases were recorded in prices of Gas, Liquid fuel, Solid fuel, Passenger transport by road, Passenger transport by Air, fuel and lubricants for personal transport equipment, cleaning, repair and Hire of clothing. The average 12-month annual inflation rate was 14.60% for the twelve-month period ending August 2022; this was 2.31% higher than the 12.29% recorded in August 2021” the report stated.

Father Bags 21 Years For Defiling Daughter

Justice Oluwatoyin Taiwo of a Lagos Special Offences Court, has convicted and sentenced a 52-year-old man, Akin Isaac, to 21 years imprisonment for defiling his daughter.

She gave the convict the jail-terms, following his plea of guilty to the one count charge brought against him by the State government.

The convict was accused of sleeping with his daughter since she was age six years till she turns 18 years.

The prosecution counsel, Mrs. Omowumi Bajulaye-Bishi had informed the court that, “Isaac who resides at No 2b Akinlagbe Street Alapere did defile his daughter from age six to age 18 by having unlawful sexual intercourse with his daughter.”

His offence according to the prosecution, contrary to Section 137 of the Criminal Law Cap C.17 Vol. 3 Laws of Lagos State 2015.

While delivering judgment on the plea bargain agreement the convict signed with the state, the judge said the 21 years proposed sentenced by the ministry of justice was too small to the offence which carried life imprisonment.

“I knew this case very well, I could remember the survivor was crying when giving evidence before the court that she had abortion and how defendant was beaten her. The prosecution had called for witnesses to testified against the defendant. The defendant initially pleaded not guilty.”

Justice Taiwo the directed the Registrar to put the defendant in the witness box to go through process of plea bargain, wherein he was asked whether he was forced or coerced by anybody whatsoever to change his plea from not guilty to guilty.

Isaac answered that he decided to change his plea and pleaded with the court to have mercy on him.

The defendant through his Plea Bargain application dated the 21st of April, 2022 applied and concluded to change his plea.

Reviewing the facts of the charge, the prosecutor, Bajulaye-Bishi, told the court that between 2014 and 2020, the defendant was having unlawful sexual intercourse with his daughter which resulted into at least one pregnancy.

CBN Urges Patronage Of  Local Goods

The Central Bank of Nigeria (CBN) has urged Nigerians to patronize goods that are made in the country, saying the preference for foreign goods was negatively affecting the economy in terms of exchange rate, unemployment, among other unpalatable indices.

The Director of Corporate Communications at the CBN, Osita Nwanisobi, who spoke on Thursday during the commencement of a two-day virtual CBN Fair for stakeholders in Bayelsa and Rivers States with the theme, “Promoting Financial Stability and Economic Development”,said the penchant for consumption of foreign goods to the detriment of locally made goods had remained a challenge to the growth of the country’s economy.

He was represented at the event by the Head of Internal Communications, Samuel Okogbue.

Addressing the Yenagoa and Port Harcourt audiences, he said, “It is as a result of what we produce and consume. In Nigeria, we consume foreign goods, foreign foods, foreign everything.

“A woman is proud to tell her neighbour, ‘I’m cooking Uncle Ben’s rice’. As you cook your Uncle Ben’s rice note it that it is as a result of that, that your child that came out of the university in the last seven years has not got employment.”

He explained that the essence of the forum was not only to enlighten the stakeholders on the policies and programmes of the CBN “but to think with you about our economy” in line with the Federal Government’s commitment to improve the situation.

He added:”This economy belongs to all of us. We should do something. When our Governor (of CBN) resumed, he made a vow that he would like to operate a Central Bank that is people-oriented…a bank that should touch the people.A CBN that will identify with what the people are doing; their agriculture, trade and whatever it is in order to grow the Nigerian economy; that the people will benefit from the proceeds of that growth by way of creating employment, obtaining loans to upgrade their businesses or operate their farms, making them know that the commercials banks can treat them better.”

In their goodwill messages, the branch controllers of CBN in Port Harcourt and Yenagoa, Maxwell Okafor and Francis Asuquo, said the CBN was assisting the Federal Government to carry out programmes.

They noted that the CBN was a critical stakeholder in economic development and seeks to collaborate with other stakeholders to contribute to the Federal Government’s efforts towards achieving a diversified and prosperous economy.

The CBN officials implored the stakeholders to take advantage of the bank’s initiatives which are aimed at bringing about success in business, financially literate society, employment creation, poverty reduction and sustainable economic growth.

They listed some of the CBN initiatives to include payment systems, consumer protection, financial inclusion, clean naira note policy, agricultural financial initiatives, real sector interventions and eNaira, among others.

Buhari Bans NATFORCE Over Impersonation

President Muhammadu Buhari on Thursday, has banned National Taskforce on the Prohibition of Illegal Importation/Smuggling of Arms, Ammunition, Light Weapons, Chemical Weapons and Pipeline Vandalism (NATFORCE), accusing it of impersonating security personnel in other similar agencies.

The President handed down the directive during a security meeting with service chiefs held at the presidential villa,

Before the presidential directive, acts of banditry, kidnapping which was rampant in the country was portraying the government in bad light, prompting several stakeholders to pass votes of no confidence in the ability to protect lives and properties

The Minister of Interior, Rauf Aregbesola, briefed State House Correspondent on what transpired in the meeting which lasted just two hours

“The Council has just concluded today’s meeting. It received briefings from all security chiefs and the Council is very satisfied with the performances of all our security chiefs; the military, the police and other security agencies. We are happy with their performance and the gains recorded so far.

“We are moving to the phase of consolidation of all those gains, such that by December, as ordered by the Chairman of the Council, the President, which he has said to all Nigerians before now, that we’ll put, essentially, most of the challenges of banditry particularly, insurgency, kidnapping for ransom, criminalities of that nature, far behind us.

‘’We are equally pleased with the performance of the Nigeria Police on the elections in Anambra, Ekiti and Osun, which elections have demonstrated our commitment to democracy and expression of the will of the people at the polls. Equally of concern is the presence of some illegal outfits that impersonate the legitimate security agencies. Of particular concern is a body called National Task Force on Illegal Importation of goods, Small Arms and what have you, but the short name for it is NATFORCE.

“The Council declares that body an illegal organization, it should just simply disband itself, because the Council has ordered all security agencies to enforce the disbandment of that body and other such bodies that operate illegally without any force of law”, he said.

He noted that the President was particularly pleased with the Nigeria Police Force for maintaining high professionalism during the conduct of gubernatorial elections in Ekiti, Osun and Anambra states.

He commended them on recent feats achieved in taming issues of banditry, kidnapping in the country,and advised them to consolidate on the gains achieved so far before December this year.