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Women in management, leadership driving force to socio-economic development, SDGs – Adeleye-Fayemi

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The First Lady of Ekiti State, Mrs Bisi Adeleye-Fayemi says women in management and leadership have a pivotal role to play in achieving socio-economic development and the Sustainable Development Goals (SDGs) in Nigeria.

Adeleye-Fayemi spoke at the opening ceremony of the two-day 18th Women in Management, Business and Public Service (WIMBIZ) conference, on Thursday in Lagos.

The Nigeria News Agency reports that the first lady told a group of women that the country had featured poorly on most global indicators measuring Gender Equity and Women’s Empowerment (GEWE).

According to her, the 2014 World Economic Forum Global Gender Gap Report rated Nigeria 118 out of 177 countries; World Bank Gender Equality Measure Report gave Nigeria 158 out of 177; and in 2016, the UNDP Gender Inequality Index rated Nigeria 152 out of 188 in 2017.

The first lady said that not only did Nigeria not meet any of the original Millennium Development Goals (MDG’s), if care was not taken, it might not meet most of the SDGs in 2030 either.

“Women still suffer from the feminization of poverty, lack of access to basic resources, diseases, violent conflict, use of culture and tradition.

“Women are the force and we have to keep going and ensure we engage patriarchal norms and values, all the traditions, structures, economic, socio, religious that tell us we are second class; we need to keep going at them,’’ she said.

Adeleye-Fayemi explained the concept of   “women and the wrapper”, saying it signified a stronger force of support for other women.

“Our wrapper signifies beauty, responsibility, respect, compassion, unity, solidarity and cooperation; we cannot go through life without being supported by other people.

“We should not expect that we can achieve any sense of greatness if we are not prepared to support others, especially to climb the ladder of success,’’ she said.

The first lady also highlighted an eight-point strategy, which she said, was necessary to win.

She listed the points as: understanding patriarchal power and privilege; use legislative and policy framework to break barriers;  have an agenda; planning a legacy to shape the future; politically engaged; mentoring and inter-generational organizing; bring out your wrapper for other women; and prepare your life’s transition.

The Chairperson, Executive Council of Wimbiz, Mrs Olubunmi Aboderin-Talabi, said that the conference was to point to the inherent ability that was latent within each person to make something of the future.

Aboderin-Talabi said: “We all have the capacity to be proactive in shaping the outcome of our lives; being reactionary or passive limits the range of our choices. The future takes the form we give it.

“If we do not deliberately take steps to shape the future we desire for ourselves, our family and community, then, it is as though we have inadvertently given other people permission to determine how our lives turn out.

“This conference will give participants not just the inspiration they need to gather their strength and forge ahead, but also the techniques.’’

Aboderin-Talabi said that the conference would afford participants to learn how to develop, discover, gain, reach, overcome, rise, mitigate and negotiate in their various fields.

NAN reports that Mr Abimbola Ogunbanjo, Chairman of the Nigerian Stock Exchange, who was a moderator on the ‘Collaborating the Win: Navigating the Old Boys Club’  panel, said that women across Africa were most likely to participate in the informal economy than in the formal employment.

Ogunbanjo said: “Women continue to play lower roles than men in leadership and business. which result to lower access to control of resources for women. According to a 2018 report, women occupy 25 per cent of managerial positions globally.

“Women are more likely to participate in the informal economy than in formal employment. Across Africa, women are more likely to work in agriculture or a low productivity work environment, but in the managerial positions, the percentage of women is significantly low for women than for men.

“Less than 6 per cent of seats in parliaments are occupied by women. While some progress has been made to increase women participation in decision making levels of leadership and business, progress is relative.

“To shift the paradigm is the Old Boys Club concept, through which men use their positions or influence by providing favour and information among other men,’’ he said.

NAN reports that the two-day conference is organised to inspire and empower women to attain leadership positions in business, management and public service.

No fewer than 800 participants from across the country were present at the opening ceremony, which featured plenary sessions on different areas of management and leadership to spur women to take action.

NAN reports that the conference will feature a raffle draw daily, where two participants will win return tickets to Dubai, sponsored by Konga.

Edited by Oluwole Sogunle

Economy

Kaduna Assembly pasess N259.25 billion 2020 budget

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Kaduna Assembly pasess N259.25 billion 2020 budget

Budget

Kaduna, Nov 18,2019 Kaduna Stste House of Assembly on Tuesday passed the state’s 2020 budget of N259.25 billion into law.

The Nigeria News Agency reports that the lawmakers approved N75.14 billion for recurrent and N184.10 billion as capital expenditure.

The Chairman, House committee on Appropriation, Alhaji Ahmed Muhammed told newsmen that the budget was passed with an increment of N8 billion.

He explained that the increment was to accommodate requests made by most Ministries, Departments and Agencies such as RUWASSA, Barau Dikko hospital, Teachers Service Board, SUBEB among others.

Ahmed said the increment will enable all the MDAs carry out their activities effectively.

He assured the people of Kaduna state that the House of Assembly would ensure that the funds are spent judiciously.

It would be recalled that the state Deputy Governor, Dr Hadiza Balarabe presented the 2020 budget of N190.03 billion to the assembly on Oct. 15, for approval.

The sitting which was presided by the Speaker, Alhaji Aminu Shagali also passed into law a bill to established Sir Kashim Ibrahim Fellowship programme.

The programme is to develop and nature network of high potential young people expected to rise to top leadership positions in the public and private sectors.

Edited by Maharazu Ahmed

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Economy

Accreditation: important for training firms to operate in Nigeria

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The Centre for Management Development (CMD), on Tuesday in Abuja said the accreditation of training firms is an important criteria for them to operate in the country.

Mr Bitrus Chinoko, CMD Acting Director-General said this in a statement, adding that the centre had commenced verification of training firms in the country in order to accredit them.

According to him, the verification is to ensure that training firms are credible and had necessary requisites to carry out trainings in the country.

He, therefore, advised that they should take advantage of the centre’s ongoing verification to do the needful.

“We are using this medium to advice other training firms to get accredited as its an important criteria to have a training firm in the country.

“Many accredited firms have gone through the process and ready for business, the accreditation process is done once in a year and it last for five years,’’ Chinoko said.

He added that after the necessary assessment by the centre, qualified firms would be accredited accordingly.

“This accreditation is important because it gives quality training delivery, enhance organisational performance as the sequel to higher level skills and competence,’’ he said.

According to him, the importance of the accreditation cannot be over emphasised.

This, he said was to ensure that the individual carrying out training functions had the necessary qualifications, experience and training to do so.

Chinoko added that the exercise would also help to check the incidence of unqualified persons parading themselves as trainers and ensure a culture of training that was guided by professional ethics and competence.

He said more than 557 firms applied for accreditation, out of which 414 would be visited and screened to ensure that the best was gotten.

He said that the verification which began early November would end in December, adding that 16 states would be visited.

“One of the importance of this verification is that it develops and promotes high national standards of the management education, entrepreneurial development and supervisory training programmes,’’ Chinoko said.

Edited by Ese E. Ekama

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Economy

Don’t succumb to pressure on border closure, VC urges Buhari

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The Vice Chancellor, Niger Delta University, Prof. Samuel Edoumiekumo, on Tuesday, lauded the determination of President Muhammadu Buhari to maintain closure of the borders to ensure sustainability of domestic industries.

Edoumiekumo, while speaking at the Nigerian Institute of Management (NIM) 2019 Management Day Lecture in Lagos, urged the president not to succumb to pressure to open the borders.

The Nigeria News Agency reports that the NIM 2019 had as its theme: “59 years of the Nigerian economy: Matters Arising.”

The vice chancellor, who was the guest lecturer at the event, said that Buhari should remain firm in his resolve to ensure economic growth and the country’s development.

“A policy like this is what we should be firm about, if we are to enjoy the economic development we are craving for.

“The border closure will generate more revenue for the nation and tackle smuggling, as it ensures that goods come into the nation through the right channel and under the right circumstances.

“Nigerians will only feel the pain for a while after which stability will set in and we will be better for it,” he said.

Edoumiekumo also called for clear cut governance structures, long term development and succession planning, proper implementation of economic policies and the strengthening of institutions so as to enjoy national growth and development.

He advised government to show preference for education, research, innovation and development over political expenditure during budget deliberations and processes.

“At independence, Nigeria was regarded as one of the strongest countries amongst the comity of nations. However, the performance indicators from 1960 to 2018 are worrisome.

“To me, the economy is not making progress, because there is no clear-cut national philosophy; so there is no sense of direction. Nigeria should have a clear-cut national philosophy for the citizens to follow.

“For the economy to grow, there must be consistency and continuity of sound economic policies.

“This issue of abandoning sound policies and programmes that would have impacted on the economy positively leads to waste of scarce resources.

“Nigeria needs to fund and improve its educational institutions by reviewing their curricula to include skill acquisition and teaching of entrepreneurship from primary to university levels,” he said.

The vice chancellor proposed a reduction in the interest rate by banks to encourage investors create more businesses to tackle unemployment and shore up the economic indices.

“From the foregoing, credit control systems and policies must be put in place to ensure that monies are used to grow businesses and not for frivolities,” he said.

The outgoing President of the institute, Prof. Olukunle Iyanda, advocated for the adoption of the principle of delegation in management to enable the nation derive optimal benefits from its enormous resource endowment.

Iyanda explained that the principle allowed a manager, while away from an organisation for a while, to transfer responsibility and the enabling authority to discharge those responsibilities to a subordinate.

“We will be derelict in our mission if we turn a blind eye to the strange management concept or doctrine being propagated in Nigeria that a manager can perform his role effectively, even when absent from an organisation for a period of time.

“It is our strong belief that this concept negates the management principle of delegation and can only be justified by those who perceive management position as an exercise of power and authority rather than that of responsibility for effectiveness and corporate wellbeing,” he said.

Iyanda added that efforts were ongoing to make the United Nations recognise and declare Nov. 19 as “World Management Science Day” to honour Prof. Peter Drucker, the globally-recognised father of modern management.

“We also urge the Federal Government to support this laudable initiative by recognising and declaring Nov. 19 as Management Day in Nigeria,” the NIM president said.

NAN reports that the high point of the event was the conferment of the fellowship of the institute on 11 persons.

Edited by ‘Wale Sadeeq

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Economy

NPA boss wants opportunities in maritime sector harnessed

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NPA boss wants opportunities in maritime sector harnessed

Maritime

Lagos, Nov. 19, 2019 Ms Hadiza Bala-Usman, Managing Director, Nigerian Ports Authority (NPA) has called for sustained efforts to maximise the opportunities that are abound in the maritime sub-sector through entrepreneurship.

Bala-Usman made this call in a statement made available to newsmen in Lagos on Tuesday.

According to the statement, the call was made at the second edition of the Nigeria and Entrepreneurship Summit and Honors (NESH) Maritime Roundtable in Lagos.

Bala-Usman, who was represented by Mr Ibrahim Nasiru, Assistant General Manager, Corporate and Strategic Communications, spoke on the theme: “Harnessing the Opportunities for Entrepreneurs in the Nigerian Sub Sector.

“The Nation’s Maritime sub sector can be a notable contributor to the efforts at poverty reduction, creation of wealth, promotion of skills acquisition and encouragement of entrepreneurship.

“The sector has the potential of contributing at least 10 per cent of Nigeria’s Gross Domestic Product in no distant future because Nigeria has the biggest market in Africa,” she said.

She further said that Nigeria had a vast inland waterway resources estimated at about 3,000 km that could support a vibrant inter-regional trade.

Bala-Usman noted that the country was also advantageously located on the coastline corridors of the Gulf of Guinea and the Bight of Benin and had eight littoral states coupled with a growing population and huge market that counters the capacity to stimulate substantial domestic tonnage.

She explained that there was need to strengthen requisite skills for greater professionalism through funding and capacity building that would drive the implementation of the abundant Maritime resources in the country.

Bala-Usman said further that the Authority was in collaboration with the Federal Ministry of Works and Housing (FMWH) and the Nigerian Railway Corporation to increase the latter’s market share in the wheel of cargo evacuation from the ports.

She said that in doing this, the Authority advocated critical traffic management framework, collaboration with Inland Container depots like that of Kaduna for swift cargo evacuation to the northern hinterlands.

“The deployment of modern technology tools like Revenue and Invoice Management System (RIMS) and the much-expected Single Window for real time swift cargo release processes are in progress.

“The NPA equally encourages stakeholders in the areas of Traffic Management Frameworks for stemming the gridlock across board, automated truck management system exemplified with an efficient call-up system,” she said.

The managing director called for the effective management of the nation’s Green fields, which are expected to attract Foreign Direct Investments (FDIs), and generate more revenue while enshrining the tenets of Private Public Partnership (PPP).

She stressed the need for the utilisation of modern navigational infrastructure for health, safety, and security of the port environment whilst enshrining efficient marine services in line with global practice.

Edited by Ekemini Ladejobi/Felix Ajide

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Economy

NERC urges students to dream big

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Dr Moses Arigu, the Commissioner for Consumer Affairs, Nigerian Electricity Regulatory Commission (NERC) has charged students to dream big and be focused on their quest to achieving greatness.

He gave the charge on Tuesday in Abuja at an event organised by the commission to recognise and award some students who excelled in its annual Electricity Essay Challenge for Secondary Schools.

Nigeria News Agency reports that the students selected from secondary schools within the Federal Capital Territory (FCT), were asked to write on “Efficiency of Electricity in Nigeria’’.

According to Arigu, the competition is created to help students and the younger generation to appreciate the challenges in electricity generation and distribution as well as to guide their choices.

He said that it was also to catch the students young and make them likely producers of better and efficient energy in the future.

Arigu advised that the students should go aspire to become doctors and electrical engineers in future, not just electricity consumers.

NAN reports that Egbeji Paul, a 15-year-old student of Government Secondary School Yebu, in a satellite town in the FCT came first in the competition with a cash prize of #300,000.

Paul, while thanking NERC for organising the competition, said he never thought he would be a beneficiary of such opportunity.

James Jephthah of Lead British International School, Gwarinpa emerged second, while the third prize went to Priscilla Sunday of Government Secondary School Gawu, also in the FCT.

NAN reports that while Jephthah got a cash prize of #200,000, Sunday got a cash prize of #150,000.

A #50,000 cash award was also given to each of the English teachers of the three winning schools, while an undisclosed sum was also paid into the accounts of the parents of the winning students.

Mr Peter David, an English teacher from Government Secondary School, Gawu who spoke on behalf of other teachers, advised students to continue to do their best in their studies and to remain focused.

He also thanked NERC for giving the students the opportunity to express themselves and to excel.

NERC was instituted primarily to regulate the tariff of power generating companies owned or controlled by the government, and any other generating company which has a license for power generation and transmission of energy, and distribution of electricity.

It was established in 2005 under the former President Olusegun Obasanjo administration’s economic reform agenda through the Electric Power Sector Reform Act of 2005.

The commission was established among other things, to review electricity tariffs, and ensure transparent policies regarding subsidies, promotion of policies that are efficient and environmentally friendly,

It is also to enforce standards in the creation and use of electricity in the country.

Edited by Ese E. Ekama

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Economy

Inflation spike: Experts urge FG, economic managers to harmonise monetary, fiscal policies

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Financial experts on Tuesday urged the Federal Government and economic managers to harmonise monetary and fiscal policies in order to stem the country’s inflation, which they attributed to the border closure.

They spoke with the Nigeria News Agency , while reacting to October inflation figure released by the National Bureau of Statisitics (NBS).

Malam Garba Kurfi, the Managing Director, APT Securities and Funds Ltd., said that monetary and fiscal policies must be realigned to achieve desired interest.

Kurfi said that the two policies needed to complement each other rather than work across each other.

He said that government should implement policies that would support the Central Bank of Nigeria (CBN) desire to bring down interest rate.

Kurfi stated that the spike in inflation figure was due to increase in the price of food items caused by border closure.

He noted that implementation of the new minimum wage would also lead to increase in inflation for the rest of the year.

Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., attributed the current inflation rate to mix up in fiscal and monetary policies.

Omordion said that closure of land borders without adequate preparation and low harvest due to heavy rains contributed to rise in inflation figure.

He noted that rising demand for goods and services ahead of festive season and the sharp drop in interest rate would further boost purchasing power and consumption, thereby pushing inflation high.

“To curtail the rising inflation rate, the government and its economic managers should rethink on border closure and implement policies that will stimulate economic productivity and growth.

Also speaking, Prof. Sheriffdeen Tella, Professor of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, attributed increase in inflation rate to the border closure.

Tella stated the border closure affected the prices of other commodities.

“We have yet to reach harvesting period; therefore, the price of other food items will also rise until when we start harvesting what has been produced,” he said.

Tella said that prices of food, particularly rice, had continued to rise, thereby affecting other staple food.

NAN reports that NBS on Nov. 18 released the Consumer Price Index, which measures inflation, with the index rising to 11.61 per cent in October.

The NBS in its report said the 11.61 per cent was 0.36 percentage points higher than the 11.24 per cent recorded in September.

An analysis of the report showed this to be the highest inflation rate recorded by the country in the last 17 months.

The last time Nigeria’s inflation was as high as 11.61 per cent was in May 2018.

Edited by Oluwole Sogunle

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