Africa Should Reposition Energy Industry – Roger Brown

Mohammed Shosanya

Africa should reposition the energy industry for the future and become much more efficient with its energy resources, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown has said.

He implored African countries to accept the fact that energy has a key role to play in the future of the continent, and the integration of the energy value chain is essential for the continent’s anticipated progress.

He said this at the opening ceremony of the 41st Nigerian Association of Petroleum Explorationists (NAPE) International Conference and Exhibition.

Brown delivered a stakeholder contribution to the theme “Repositioning the Oil & Gas Industry for Future Energy Dynamics”.

He said: “Repositioning the oil and gas sector for the future requires the understanding of certain fundamentals including accepting the fact that the sector will have a key role to play well into the future – particularly in Africa; that the energy industry needs to become much more efficient with its resources; and that the integration of the energy value chain is essential.

“Also, that a functioning energy backbone (Base load) is a barrier to wide-scale renewable energy. In all these, we must come to terms with the fact that Development and Environment must not become competing objectives.”

He said energy is critical to the region’s economic and social development.

According to industry data, more than 600 million Africans have no access to energy; more than 900 million Africans do not have access to clean cooking (with eight per cent energy access in rural West Africa); and fewer than half of the utilities in sub-Saharan Africa recover their operating costs.

Every year, the 48 countries of sub-Saharan Africa (combined population approximately 1bn)generate roughly the same energy as Spain (with a population of approximately 45 million)

All Banknotes Remain Legal Tender Indefinitely -CBN

Mohammed Shosanya

The Central Bank of Nigeria CBN on Tuesday declared that both the both the old naira notes, and the redesigned naira notes would remain legal tenders in the country.

The apex bank disclosed this in a statement made available to newsmen in Abuja by Isa AbdulMumin, the Director, Corporate Communications.

Recall that the Central Bank of Nigeria introduced the redesign of N200, N500 and N1,000 denominations in October 2022 and certain deadlines were set for the old design of these denominations to cease as legal tenders.

The statement quoted that the Central Bank of Nigeria informed the general public of its desire to extend the legal tender status deadline of the old design of N200, N500 and & N1,000 denominations, ad infinitum.

It added:”This is in line with international best practices and to forestall a repeat of earlier experiences. “Thus, all banknotes issued by the Central Bank of Nigeria (CBN). in accordance with Section 20(5) of the CBN Act 2007, will continye to remain legal tender, ad infinitum.

“The Central Bank of Nigeria is working with the relevant authorities to vacate the subsisting Court ruling on the same subject. Accordingly, all CBN branches across the country will continue to issue and accept all denominations of Nigerian banknotes, old and redesigned, to and from deposit money banks (DMBs).

“The general public is enjoined to continue to accept all Naira banknotes (old or redesigned) for day-to-day transactions and handle these banknotes with utmost care, to safeguard and protect the lifecycle of the banknotes. Also. the general public is encouraged to embrace alternative modes of payment, e-channels, for day-to-day transactions”.

Senate Mulls Privatization Of NIPOST

Mohammed Shosanya

The Senate on Tuesday,mulled privatisation of the Nigeria Postal Service (NIPOST).

The Joint Committee of the Upper Chamber on the Medium Term Expenditure and Fiscal Strategy Paper during an MTEF-FSP joint session threatened to recommend legislation to fully privatise the NIPOST for optimal performances.

The Chairman of the Senate Committee on Finance who also chaired the MTEF-FSP joint panel, Senator Sani Musa, disclosed this when the Postmaster General of the Federation, Tola Odeyemi appeared before the joint panel to defend its 2024 budget proposal.

Odeyemi’s demand for an increase of the agency’s personnel cost from N13 billion to N18 billion to cater for its 16, 000 workers irked the lawmakers who wondered why the NIPOST which presence cannot be felt anywhere in the country could increase its personnel cost.

Odeyemi’s explanation that the increment was as a result of the recent hike in personnel cost by the Federal Government to federal workers did not change the minds of the Chairman.

Senator Ireti Kingibe, a member of the joint panel, attempted to defend the continued existence of NIPOST as a partially funded agency of the federal government claiming that every nation deserves their own vibrant postal agency.

“NIPOST should not be scrapped but should be turned to a revenue generating agency.

“The only thing is that the agency was stuck in the 19th Century analogue operation instead of migrating to digital service for efficient services.

There is nothing stopping NIPOST to digitalise their offices across the country to offer electronic services for Nigerians, deliver government services at all local government areas and even engage in financial services,” she said.

Senator Osita Izunaso disagreed with her,and argued that the NIPOST as it is currently structured, should not be encouraged if the country was interested in generating revenues to fund its annual budgets.

Ruling on the matter, the Chairman of the joint panel asked the Chief Executive Officer of NIPOST to forward to the committee details of her business plan to reposition the agency to a highly revenue generating agency.

He said, “NIPOST should have been fully privatised before now because nobody is feeling their impact anywhere in the country.

“We are ready to recommend to the Senate in plenary, full privatisation of the NIPOST except the Postmaster General convince us otherwise.

“The CEO of NIPOST should forward to the secretariat of our committee details of her business model on how the agency would be generating adequate revenues for the country through creative ideas.

“Failure to do this would leave the Senate with no other option than to recommend the full privatisation of NIPOST”

ITF Rakes In N48.873bn In 2023

Mohammed Shosanya

The Industrial Training Fund (ITF), has said that it has made over N48.873billion which it projected for the 2023 fiscal year.

It also said that it has raked in N51.344billion as at third quarter of the year.

It projected that it would generate the following funds for the next three years; N66.473billion for 2024, N69. 744billion in 2025 and N73.2billion in 2026.

The disclosures were made on Tuesday at the National Assembly in Abuja by the Director General of the Fund, Dr. Afiz Oluwatoyin Ogun when he faced the Senate’s joint committees on Finance, Appropriation, National Planning, Local and Foreign Debts.

Ogun,who was represented by the Director of Finance and Accounts of the Fund, Hajia Safiya Atta Mansoor, said out of the generated revenue, N14billion had been remitted into consolidated Revenue Fund just as 50% of the revenue, used for reimbursement of employers of labour.

She listed ITF’s three sources of revenues to include- training fund, cost fee and other incomes.

The ITF DG informed the committee members that National Artisans Registration and Development Programme would soon be put in place for registration of artisans across the country and facilitating their operations corporately .

“Within my short stay in Nigeria, i observed that artisan jobs in the country, have been taken over by Beninoises, Ghanaians and Togolese which should not be so, because there is no job Nigerians cannot do.

“To stem the tide, ITF under my leadership, would soon put in place, National Artisans Registration and Development Programme to register our artisans and positioned them for jobs due to them,” he said.

He added that ITF is a big organisation with 16 Directors, two head offices, 41 Area Offices, 5 Skills and Training Centres, 14 Vocational Skills and Training Centres etc.

The joint committee looking into projections made by the executive for 2022 to 2026 Medium Term Expenditure Framework ( MTEF) and Fiscal Strategy Paper ( FSP), however tasked the agency to direct its finance department to tidy up slight discrepancies observed in the reports submitted to it.

The observed discrepancies, as stated by the Chairman of the Committee, Senator Sani Musa ( APC Niger East ), must be corrected this week before committee submits its report to the Senate.

Most Characters In My Skit Are Real Replica Of My Mother,Says Lasisi Elenu

Mohammed Shosanya

Nigerian comedian and actor, Nosa Afolabi popularly known as Lasisi Elenu sits with Chude Jideonwo host of #WithChude to discuss the way he dealt with losing his mother, why he got married last year, and how his first video went viral.

“Last year was a very significant year for me because I welcomed my daughter. Before now, I have been godfathers to kids, uncles to so many. I thought it would feel the same way but having my wife bring that child to this world was extraordinary. Also, my mum passed on last year. So, after my mum died then came Rain, and I also got married last year.”

Lasisi shared why he got married last year. “I think it is long overdue. I was one of those people who consistently undermined the essence of what you have. I just casually did things. I won’t say I am an emotionless person; I just quantify my emotions.

Sometimes, my wife doesn’t know how I feel, ‘Are you happy? Are you fine?’. But then in retrospect to last year, it dawned on me that there was nothing else I was looking for. I had someone who is caring, supportive, loving, all those things put in one. So, what is left? Why is the decision making a big deal? It was one thing I had to do because my mum has always wanted me to get married.

She was my biggest fan, from when I started. Her late years were very bad because she was very sick for 13 years. So, I saw her go through a lot phases. She wanted so much for me, I remember when she told my wife in 2021, when she was staying at mine for a while because she was really sick. She told her to take care of me. My dad always sits me down on my birthday to ask me, ‘when are you getting married, you can’t help everybody’.

My sibling and I felt like my mum was getting to a point when the sickness was getting worse, and I wanted to hold on to something. Then my wife was there, she was very supportive, and I said, ‘let me hold on to this moment, before I look back and I regret not making that choice and I did”.

On what he missed the most about his mum, he shared, “It hurts to say this, but I miss her being the vibrant woman that she was.”

He also recounted how he missed her being the strong woman who could support her family.

“We saw my mum as a ‘stubborn’, ‘wicked’ woman, most of the characters that I created are a real replica of my mother – how she says it, how she speaks it. All of the things I say like, ‘blood of Jesus’, was a replica of who my mother was in those days, but not in the last 13 years of her life. Shoutout to my dad, he was always there for her.

Before she passed, she’d always make comments like, ‘let me just go; I am tired’. So, it’s a sweet and bitter feeling because you still want her but then it hurts you to see her the way she is. She can’t walk, she almost can’t talk, she wants to laugh, she can’t even control her laugh. She had partial stroke.She had it about 3 or 4 times.

We were changing hospitals so much that there were days you’ll just see her where she’s laying down, tears in her eyes, a lot of things happening to her. My older brother Uyi was pretty much the one that was everything for her in terms of being available. I was not as available as he was, so he felt it more than I did.

As a matter of fact, he took her corpse from the hospital, he was there with her the day she died, he had just gone down to get something and by the time he’s back, she had gone. I remember when they called me and told me she had died, I was trying to do a skit that day. I wanted to shoot so I was in my room.

I was in my costume, and he called me and he said, “Ehn mumsy…” The moment he said that I sat down, I didn’t cry. I was just looking, and I cut the call. I’ve had friends who lost people, but it’s never the same. I’d feel like everybody should stop everything they’re doing for you to feel what you’re feeling. So, when I went online, I’m seeing people post videos, I’m angry. I feel like, ‘these people don’t know my mother has died?’ It was so bad that I just sat there on my couch for minutes before I started crying”.

On the life altering moment his first video went viral, he said, “I just went online, Twitter, I just see say I dey hot. I just called my brother and showed him because I have never experienced that kind of thing before. Even when I dey do music sef, when we dey do music we dey run am. I give one person my 100k, dem say dem go do my page for me, baba make we no loud am. I no know where the ten thousand followers come from that time.

They just told me I had 10k and I said ok thank God. That was what you could call organic, I experienced it. It was the first time in my life I tasted ‘Organism’. As I opened my page, for the first time in my life, Chude I put it to you, you don’t know how it feels to see 2000 views on your old videos, even videos you posted 7 days ago, you’re seeing 116,000 views. I say, ‘where dem from come? Who are you? How do you do what you do? What do you want from me?’ Bro! I was sweating. Baba, I say God, different people don fight, don talk, ha! I love Nigerians. Ha! una too much.

They don analyze my life. oh! This thing that he’s doing now, this thing is so good, another person say ‘but do you think he can keep up with it?’ Another one reply, ‘but do you know that this thing he’s doing is different?’

Another one say ‘what if the filter goes tomorrow?’. And me I dey my house for Ayobo, dey wonder wetin dey sup? So, it was interesting? I went on Twitter, there were lots of engagement. People had reposted the video, so many people. Bizzle, Frank Edoho , Kate, a lot of people, and then I said, you know what? I still didn’t have a plan. And then a lot of people were advising me, ‘please be putting your handle on your videos’.”

On his stint in music,he said:’At the time I gained fame as Lasisi Elenu, I didn’t want anybody to know about the music part because I was thinking I was going to return to music, and it would be a surprise. But I never explored it, I was like let me pursue this career, and see where it takes me. This is not the western world. Even for them over there, the ones who were able to sustain it were very few. I just thought that I should stick to the comedy, I think I can build a lifetime of greatness from there.”