Nigeria’s Innovative Approach to Development of Nigeria Startup Act Celebrated at 2023 TNW Conference

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Nigeria’s groundbreaking approach to the development of the Nigeria Startup Act (NSA) was applauded by global technology stakeholders during the Deep Tech Roundtable at the 2023 TNW Conference, held at the Taets Art and Event Park from June 15th to 16th.

Kashifu Inuwa Abdullahi, CCIE, the Director General/CEO of the National Information Technology Development Agency (NITDA), attended the conference as a Special Guest and actively participated in several roundtable sessions, including ‘The Assembly’ and the Startup Genome Ecosystem Leadership Forum.

Represented by Dr. Usman Gambo Abdullahi, Director of Information Technology Infrastructure Solutions, the DG highlighted Nigeria’s initiatives aimed at fostering the growth and development of the country’s startup ecosystem. He emphasized that the Nigeria Startup Act, co-created by various ecosystem stakeholders, exemplifies the country’s commitment to Developmental Regulation, one of the pillars of the National Digital Economy Policy and Strategy for a Digital Nigeria (NDEPS).

The NSA project, driven by the Federal Ministry of Communications and Digital Economy in collaboration with Nigeria’s tech ecosystem and the Presidency, aims to harness the potential of Nigeria’s digital economy through co-created regulations.

The Act’s objectives include providing an enabling environment for startup establishment, development, and operation in Nigeria, creating a legal and institutional framework for startups, fostering the growth of technology-related talent, and positioning Nigeria’s startup ecosystem as Africa’s leading digital technology center with exceptional innovators possessing cutting-edge skills and exportable capacity.

The DG explained that the Act consists of ten parts, covering five drivers: collaboration, engagement, incentives, linkages, and support. One significant provision is the establishment of the National Council for Digital Innovation and Entrepreneurship, presided over by the President as Chairman. The Council includes representatives from the Federal Executive arm of Government, the Director General of NITDA as Secretary, the Nigeria Computer Society, the Computer Professionals Registration Council of Nigeria, and the Startup Consultative Forum.

Its responsibilities encompass monitoring and evaluating regulatory frameworks, formulating and implementing policy guidelines, overseeing the harmonization of laws and regulations, and promoting the development of startups in Nigeria. NITDA will serve as the Secretariat of the Council, with the DG holding the dual role of Secretary and Head of the Secretariat.

Additionally, the DG highlighted the establishment of a Startup Support and Engagement Portal, which serves as a centralized platform for startups to register with all relevant regulatory agencies. This streamlined approach saves time and reduces costs associated with engaging multiple agencies individually, aligning with the Presidential Enabling Business Environment Council’s provisions to enhance the ease of doing business within the tech ecosystem.

Furthermore, the DG mentioned the creation of a Startup Investment Seed Fund, to be managed by the Nigeria Sovereign Investment Authority (NSIA). The fund targets early-stage startups, hubs, and entities supporting the startup ecosystem. It will be funded annually with a minimum of N10,000,000,000.00 (Ten Billion Naira) to provide financing in the form of seed funds, grants, or loans.

The DG expressed optimism about the Act’s potential to revolutionize the startup ecosystem in Nigeria and called upon stakeholders to support the Secretariat in maximizing its benefits.

Stakeholders in attendance praised Nigeria’s innovative approach and viewed it as a model for co-created regulation that others should emulate. Matt Smith, Director of Policy and Research at the Global Entrepreneurship Network (GEN), commended Nigeria’s unprecedented developments in the startup ecosystem.

He noted that governments often struggle to empower entrepreneurs due to complex reforms, policies, and programs spanning multiple departments. Without central coordination, such reforms may encounter obstacles such as limited legislative capacity or conflicting

FG, States, LGAs Share N786bn May Revenue.

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The Federation Account Allocation Committee says it shared N786.16bn among the three tiers of government in May 2023.

The figure represents an increase of N130.23bn compared to the N655.93bn shared in April 2023, and it is the highest this year and the first increase following a constant decline since January.

FAAC disclosed this in a communiqué issued at the end of its latest meeting in Abuja on Thursday.

The meeting was chaired by the new Accountant General of the Federation, Dr Oluwatoyin Madein.

The total amount includes gross statutory revenue, Value Added Tax, Augmentations from Forex and Non-oil Mineral Revenue, and electronic money transfer levies.

The communique read, “The N786.16bn total distributable revenue comprised distributable statutory revenue of N519.55bn, distributable Value Added Tax revenue of N251.61bn, Electronic Money Transfer Levy of N14.37bn, and Exchange Difference revenue of N0.64 bn.”

The Federal Government received N301.89bn, the states received N265.88bn, and the local government councils got N195.54bn, while the oil-producing states received N22.86bn as derivation (13 per cent of mineral revenue).

Paris Summit: Subsidy removal, FX policy needed for survival, says Tinubu

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President Bola Tinubu, on Thursday, in France, said Nigeria is ready to do business and receive investments from foreign partners.

He premised this on the ongoing reforms such as the removal of fuel subsidies and the streamlining of the exchange rate, moves he promised to sustain for a more competitive economy that attracts Foreign Direct Investment.

Therefore, he urged investors to take advantage of the ensuing opportunities.

“We are ready for business, prepared to welcome investments,” Tinubu said, while receiving President and Chairman of the Board of Directors of African Export-Import Bank, Prof. Benedict Oramah, and President of European Bank for Reconstruction and Development, Odile Renaud–Basso, in separate meetings, on the sidelines of the Summit for New Global Financing Pact.

The President’s Special Adviser on Special Duties, Communication, and Strategy, Dele Alake, disclosed this in a statement he signed on Thursday titled ‘We’re ready for business, prepared to welcome investors to Nigeria, President Tinubu tells AfreximBank, EBRD Presidents in Paris.

The Nigerian Leader assured the delegation of AfreximBank Executives led by Prof Oramah that the Federal Government will continue to stimulate the economy with policies that support investments in areas of Nigeria’s competitive advantage, particularly agriculture.

“We need reforms for national survival,’’ he added, noting that it would take boldness and courage to reposition the economy, calling for more collaboration to solidify the economy.

“We must stimulate recovery for the growth and prosperity of our people, which will not be far away. Nigeria is ready for global business and our reform is total.

“Nigeria is blessed with human and material resources,’’ President Tinubu told the delegation, who had earlier listed infrastructure, health, energy, and agriculture as areas of intervention to buoy the economy.

Prof Oramah commended Tinubu for the bold steps in removing the fuel subsidy and unification of the exchange rate, assuring the Nigerian leader of the full support of the financial and development institution on the ongoing reforms.

He said the bank was already building the first African Specialist Hospital in Abuja, and Energy Bank, pledging to inject more money into the economy to further build the confidence of investors.

In the meeting with the EBRD, the President said, “We are challenged in terms of reforms, and we have taken the largest elephant out of the room with the removal of fuel subsidy, and multiple exchange rates are equally gone.

Rev Dr Yakubu Pam Congratulates New SGF, Senator George Akume.

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The Executive Secretary of the Nigerian Christian Pilgrim Commission (NCPC), Rev Dr Yakubu Pam, visited the newly appointed Secretary to the Government of the Federation (SGF), Senator George Akume, in his office today to extend his congratulations. President Bola Ahmed Tinubu appointed Senator Akume as the 21st SGF on 7th June 2023.

During the visit, Rev Dr Yakubu Pam expressed his sincere felicitations to Senator Akume on his well-deserved appointment as the SGF. He commended the Senator’s capabilities and affirmed his confidence in his ability to steer the affairs of the Federal Government of Nigeria, particularly in realizing President Tinubu’s vision of “Renewed Hope.”

The press release was signed by Celestine Toruka, Deputy Director and Head of Media and Public Relations at the NCPC, on 22nd June 2023.

Rev Pam acknowledged Senator Akume’s commendable leadership qualities and vast experience in various positions of responsibility throughout his political career. He highlighted the Senator’s successful tenure as the two-term Governor of Benue State, his distinguished service as a Senator of the Federal Republic, and his recent role as the Honourable Minister of Special Duties and Inter-Governmental Affairs.

The NCPC boss further emphasized that the Nigerian Christian Pilgrim Commission operates under the direct supervision of the Office of the Secretary to the Government of the Federation (OSGF). Consequently, he assured Senator Akume of his unwavering loyalty and cooperation in their shared commitment to the success of the government’s policies and programs.

In concluding his visit, Rev Dr Yakubu Pam offered a prayer for the SGF, invoking divine blessings of good health, wisdom, and knowledge. He expressed hope that Senator Akume would effectively monitor and implement the federal government’s policies, advancing the cause of governance in Nigeria.

Senator George Akume’s appointment as the Secretary to the Government of the Federation has garnered praise and best wishes from various quarters. As he assumes his new role, Nigerians are hopeful that his experience and leadership will contribute to the successful implementation of government policies and the overall development of the nation.

Cross River Governor, Senator Bassey Otu, to Renovate Office to 21st Century Standard.

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In a move to address the dire condition of the Governor’s Office, Senator Prince Bassey Otu, the Governor of Cross River State, has unveiled plans to renovate the complex and transform it into a state-of-the-art smart office befitting the 21st century.

Expressing his dissatisfaction with the deteriorating state of the office during an interactive session with the Governor’s Office staff, Governor Otu emphasized the need for immediate action. 

He announced the temporary relocation of the staff to facilitate a comprehensive overhaul and modernization of all departments and units within the office.

In an official press release issued by Chief Press Secretary Mr. Emmanuel Ogbeche in Calabar on Tuesday, Governor Otu expressed his vision for the renovation project. He stated, “While a brand new office complex would be ideal, given the numerous competing demands, our focus will be on remodeling the existing one to meet the requirements of the 21st century.”

Governor Otu acknowledged that the current edifice had served several administrations but recognized the limitations imposed by time. Nevertheless, he assured the staff of his commitment to creating a conducive working environment for all. 

To achieve this, he announced his intention to secure alternative accommodation for the staff during the renovation process, enabling the timely transformation of the existing office into a modern, technologically advanced workspace aligned with contemporary realities.

“The renovation of this office will be undertaken swiftly if we can secure an appropriate space for the staff,” Governor Otu declared. He emphasized that the project was one of his administration’s key objectives, signaling his determination to achieve meaningful progress within his first 100 days in office.

Governor Otu also addressed the issue of welfare, recognizing the hardships faced by civil servants due to the removal of subsidies and subsequent fuel price hikes. 

He assured the staff that measures would be introduced to mitigate the impact on their livelihoods.

Seeking their loyalty and cooperation, Governor Otu urged the staff to exhibit greater commitment and dedication to ensure effective and efficient service delivery to the people of Cross River State.

Deputy Governor Rt. Hon. Peter Odey commended Governor Otu for his proactive initiative in upgrading the working environment and enhancing the welfare package for workers in the state. 

He encouraged the staff to reciprocate this gesture by giving their best efforts in their respective roles.

In his introductory remarks, Secretary to the State Government Prof. Anthony Owan-Enoh expressed appreciation to the governor for his engagement with the staff, a gesture that had not been witnessed in the office for over a decade. 

He conveyed the staff’s eagerness to witness the promised positive changes and affirmed their unwavering cooperation, loyalty, and commitment to their duties.

The renovation of the Governor’s Office signifies Governor Otu’s commitment to modernizing the state’s administrative infrastructure. 

Cross River State can look forward to a rejuvenated office space that reflects the demands and expectations of the 21st century.

Tinubu Returns NAHCON, NEMA To Vice President’s Office.

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President Bola Tinubu has approved the return of the National Hajj Commission of Nigeria (NAHCON) to the Vice President’s office.

This was revealed in a statement on Tuesday by the director information in the Vice President Office, Olusola Abiola.

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The president also approved the return of the National Emergency Management Agency (NEMA) to the VP’s office.

The decision was in line with their establishment laws.

Before this decision, NAHCON was reporting to the Office of the Secretary to the Government of the Federation (OSGF), while NEMA was domiciled at the newly created Ministry for Humanitarian Affairs.

It can be recalled that NAHCON was domiciled at the Presidency.

Below is the statement:

PRESIDENT TINUBU APPROVES RETURN OF NEMA, HAJJ COMMISSION TO VICE PRESIDENT’S OFFICE

President Bola Tinubu has approved the return of the National Emergency Management Agency (NEMA) and the National Hajj Commission of Nigeria (NAHCON) to the Office of the Vice President for supervision, in compliance with their various establishment Acts.

The President has also approved a formal structure for the Office of the Vice President as well as an appropriate number of technical and administrative aides that will work with the Vice President in the discharge of his responsibilities.

Olusola Abiola
Director, Information
Office of the Vice President
20th June 2023

NAHCON’s Director of Admin/Human Resources, Recognized as Fellow by Institute of Corporate Administration.

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The National Hajj Commission of Nigeria (NAHCON) is proud to announce that its Director of Admin/Human Resources, Dr. Ibrahim Mohammed Sodangi (FCIA), has been honored as a Fellow by the Institute of Corporate Administration.

The prestigious recognition was bestowed upon Dr. Sodangi during the Institute’s 2023 2nd Quarter Management Conference held in Abuja, where he was represented by his dedicated staff member, Muhammad Bashir Maina.

The Institute of Corporate Administration acknowledges Dr. Sodangi’s competence in administrative and leadership strategies, as well as his outstanding performance as an administrator.

This esteemed recognition is a testament to his dedication, expertise, and significant contributions in the field of administration.

As the Director of Admin/Human Resources at NAHCON, Dr. Ibrahim Mohammed Sodangi has exhibited exemplary leadership and managerial skills, ensuring the smooth functioning of administrative operations within the organization.

His tireless efforts in implementing effective strategies and policies have greatly contributed to the efficiency and effectiveness of NAHCON’s operations.

Dr. Sodangi’s recognition as a Fellow by the Institute of Corporate Administration highlights his commitment to excellence and professionalism in his administrative role. It also signifies his valuable contributions to the development of administrative practices and leadership in Nigeria.

NAHCON extends heartfelt congratulations to Dr. Ibrahim Mohammed Sodangi on this well-deserved honor.

His dedication and exceptional performance continue to inspire his colleagues and set a high standard for administrative professionals across the country.

Amb. James Momoh Extends Warm Birthday Wishes to Governor Yahaya Bello of Kogi State.

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Managing Director and CEO of Social Plus Africa Communications Ltd joins the people of Kogi State in celebrating the 48th birthday of Governor Yahaya Bello.

According to a press statement by the Head, Corperate Affairs Unit, Hajia Maryam Abdullahi, Amb. James extends his heartfelt congratulations and best wishes to the esteemed Governor on this special occasion.

“Governor Yahaya Bello has been a beacon of leadership and dedication, exemplifying unwavering commitment towards the progress and prosperity of Kogi State”.

“Under his visionary leadership, the state has witnessed remarkable advancements and transformations across various sectors”.

As a dynamic and inclusive leader, Governor Bello has consistently championed initiatives that prioritize the welfare and well-being of the people of Kogi State. His relentless efforts in promoting social development, healthcare accessibility, education, and infrastructure have significantly contributed to the betterment of the state and its citizens.

Governor Yahaya Bello’s visionary approach to governance has also been instrumental in positioning Kogi State as an attractive destination for investments and economic growth. His tireless pursuit of initiatives aimed at diversifying the state’s economy and creating opportunities for employment and entrepreneurship is commendable.

Furthermore, Governor Bello’s commitment to youth empowerment and women’s inclusion has been a catalyst for positive change. Through various programs and initiatives, he has provided avenues for skill development, education, and financial support, uplifting countless lives and nurturing a brighter future for the youth and women of Kogi State.

Amb. James acknowledged and appreciated the Governor for his steadfast dedication to good governance, transparency, and accountability. His unwavering commitment to ensuring the safety and security of the people of Kogi State is truly admirable.

“On this joyous occasion of his 48th birthday, we extend our warmest regards and well wishes to Governor Yahaya Bello. May this milestone birthday bring him renewed strength, inspiration, and continued success in all his endeavors. We remain confident that under his visionary leadership, Kogi State will continue to thrive and prosper”.

Happy birthday, Governor Yahaya Bello!

President Tinubu Retires All Service Chiefs, Advisers, CG of Customs, Appoint New Ones 

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President Bola Ahmed Tinubu, GCFR, has approved the immediate retirement of all Service Chiefs and the Inspector-General of Police, Advisers, Comptroller-General of Customs from Service as well as their replacements with immediate effect.

The newly appointed Officers are:
S/N NAME APPOINTMENTS
1 Mallam Nuhu Ribadu National Security Adviser
2 Maj. Gen. C.G Musa Chief of Defence Staff
3 Maj. T. A Lagbaja Chief of Army Staff
4 Rear Admirral E. A Ogalla Chief of Naval Staff
5 AVM H.B Abubakar Chief of Air Staff
6 DIG Kayode Egbetokun Acting Inspector-General of Police
7 Maj. Gen. EPA Undiandeye Chief of Defense Intelligence

Mr President has also approved the following appointments:
S/N NAME APPOINTMENTS
1 Col. Adebisi Onasanya Brigade of Guards Commander
2 Lt. Col. Moshood Abiodun Yusuf 7 Guards Battalion, Asokoro, Abuja
3 Lt. Col. Auwalu Baba Inuwa 177, Guards Battalion, Keffi, Nasarawa State
4 Lt. Col. Mohammed J. Abdulkarim 102 Guards Battalion, Suleja, Niger
5 Lt. Col. Olumide A. Akingbesote 176 Guards Battalion, Gwagwalada, Abuja

Similarly, the President has approved the appointments of other Military Officers in the Presidential Villa as follows:
S/N NAME APPOINTMENTS
1 Maj. Isa Farouk Audu
(N/14695) Commanding Officer State House Artillery
2 Capt. Kazeem Olalekan Sunmonu (N/16183) Second-in-Command, State House Artillery
3 Maj. Kamaru Koyejo Hamzat (N/14656) Commanding Officer, State House Military Intelligence
4 Maj. TS Adeola (N/12860) Commanding Officer, State House Armament
5 Lt. A. Aminu (N/18578) Second-in- Command, State House Armament

Mr. President has also approved the appointments of two (2) additional Special Advisers, and two (2) Senior Assistants, namely:

S/N NAME APPOINTMENTS
1 Hadiza Bala Usman Special Adviser, Policy Coordination
2 Hannatu Musa Musawa Special Adviser, Culture and Entertainment Economy
3 Sen. Abdullahi Abubakar Gumel Senior Special Assistant , National Assembly Matters (Senate)
4 Hon. (Barr) Olarewaju Kunle Ibrahim Senior Special Assistant, National Assembly Matters (House of Representatives)

Finally, the President has approved the appointment of Adeniyi Bashir Adewale as the Ag. Comptroller General of Customs.

According to the Director, Information to the Secretary to the Government of the Federation, Mr Willie Bassey, the appointed Service Chiefs, the Inspector-General of Police and the Comptroller General of Customs are to act in their positions, pending their confirmation in accordance with the Constitution of the Federal Republic of Nigeria.

Photo Credit: Daily Trust

NAHCON Refutes States’ Excuses on HSS

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The National Hajj Commission of Nigeria (NAHCON) has expressed deep disappointment with certain states, including Kaduna, the FCT, Gombe, and Jigawa, over their alleged refusal to allocate slots to intending pilgrims who enrolled through the Hajj Saving Scheme (HSS).

These states have claimed that the delay in slot allocation was due to NAHCON/Jaiz Bank’s failure to remit funds to the respective State Boards in a timely manner.

In response, NAHCON categorically refuted these excuses, deeming them baseless and unfounded. The Commission clarified that Jaiz Bank had promptly remitted the HSS fares to the states well ahead of this year’s Hajj season, even before many state pilgrim boards made their payments.

Furthermore, NAHCON revealed that through consultations with officials of the State Pilgrims Welfare Boards, it was agreed that the allocation to pilgrims should be in the ratio of 60/40, with 40 percent reserved for pilgrims under the Hajj Savings Scheme.

In the case of Kaduna State, for example, the state’s pilgrims welfare board should have reserved 40 percent of the allocation, which amounts to 2,000 slots, for HSS subscribers. However, only 108 individuals enrolled through the HSS out of the 2,000 expected participants in Kaduna State, despite the allocation of 6,255 slots to the state.

NAHCON expressed concern about the actions of certain states, noting that they have consistently sought to undermine the Commission and the HSS in various ways.

While NAHCON has displayed patience and understanding, recognizing that new schemes or policies take time to yield positive results, some states have resorted to defaming and blackmailing the Commission, showing contempt for the board and its policies.

The Commission emphasized that the information disseminated by the Kaduna State Pilgrims Board and other similar sources is not only false but also malicious, intended to vilify and blackmail NAHCON and damage its integrity.

NAHCON expressed gratitude to the numerous subscribers of the HSS for their faith and trust in the scheme.

The Commission appealed to those who have been unjustly denied participation by various pilgrims boards to remain calm and abide by the law.

NAHCON assured them that it is actively working to address the issue appropriately and bring to book those who seek to undermine its policies or deny individuals their right to participate in the religious rites of Hajj.