COVER
FG Unveils New Security Measures for South-South, South-East
…SGF Urges FG to Convoke National Dialogue
President Muhammadu Buhari has approved new security measures for the Southeast and South-South regions of the country.
This was one of the outcomes of the series of security meetings held in the last eleven days and concluded yesterday in the Presidential Villa, Abuja.
The acting Inspector-General of Police, Usman Alkali Baba, disclosed this to State House Correspondents after the meeting.
Although details of the measures were not given, Baba said the president also approved a memo presented by the National Security Adviser (NSA), Major General Babagana Monguno (retd), on the control of drugs, which he said were enablers of insecurity
The NSA said the meeting stressed the need to address the security challenges in the country particularly those that had arisen in the last few months.
In a related devilment, the Nigerian Police Force (NPF) with other security agencies have called on Nigeria to adhere to restrictions rules during the sallah period, noting effort would be made to curb any exigency.
…SGF Urges FG to Convoke National Dialogue
The Southern Governors Forum yesterday urged the Federal Government to urgently convoke a national dialogue to address the wide spread agitations in the country.
The call was contained in a 12-point communiqué read by the forum’s Chairman and Governor of Ondo State, Oluwarotimi Akeredolu at a meeting held in Asaba, Delta.
“In view of widespread agitations among our various peoples for greater inclusiveness in existing governance arrangements, the Federal Government should convoke a national dialogue as a matter of urgency,” it stated.
The meeting which lasted for about four hours and had 15 members in attendance also called for restructuring of the country leading to the evolution of state police.
It expressed grave concern on the nation’s current security challenges and urged President Mohammadu Buhari to address Nigerians on the challenges and restore the confidence of the people.
The forum affirmed that the peoples of Southern Nigeria remained committed to the unity of Nigeria on the basis of justice, fairness, equity and oneness and peaceful co-existence between and among its peoples.
It said the unity was with a focus to the attainment of shared goals for economic development and prosperity.
The forum observed that the incursion of armed herders, criminals and bandits into the southern part of the country had presented a severe security challenge to it.
It said that as a result, the citizens were no longer able to live their normal lives including pursuing various productive activities.
“This is leading to a threat to food supply and general security. Consequently, the meeting resolved that open grazing of cattle be banned across Southern Nigeria.
“Development and population growth has put pressure on available land and increased the prospects of conflict between migrating herders and local populations in the south.
“Given this scenario, it becomes imperative to enforce the ban on open grazing in the south (including cattle movement to the south by foot),” it stated.
The body of governors recommended that the federal government should support willing states to develop alternative and modern livestock management systems.
It also called for the review of revenue allocation formula in favour of the sub-national governments and creation of other institutions which legitimately advance the country’s commitment to the practice of true federalism.
The forum stressed the need for the review of appointments into federal government agencies, including security agencies, to reflect federal character.
The governors’ forum also expressed concern on the continued gridlock on the Oshodi -Apapa Expressway and the chokehold it had exerted on the nation’s economy, being the sole outlet from Apapa Wharf.
It therefore recommended the activation and establishment of ports in other states of the federation to create new jobs and promote socio-economic activities in the country.
The forum further expressed concern on the economic implications of another COVID-19 lockdown on the country.
It suggested greater coordination and cooperation between the federal and state governments in evolving strategies for dealing with the pandemic.
The News Agency of Nigeria (NAN) reports that governors and two deputy governors were in attendance while two were absent.
In attendance were Govs. Ifeanyi Okowa of Delta, Okezie Ikpeazu of Abia, Willi Obiano of Anambra, Douye Diri of Beyelsa, Godwin Obaseki of Edo and David Umehi of Ebonyi.
Others were Ifeanyi Ugwuanyi of Enugu State, Kayode Fayemi of Ekiti, Babajide Sanwo-Olu of Lagos State, Dapo Abiodun of Ogun, Rotimi Akeredolu of Ondo State, Seyi Makinde of Oyo State and Nyesom Wike of Rivers.
Hope Uzodimma of Imo and Emmanuel Udom of Akwa Ibom were represented by their deputies, Prof. Placcid Njoku and Mr Moses Ekpo respectively.
Governors Gboyega Oyetola of Osun and Ben Ayade of Cross River were absent. (NAN)
COVER
Another Blackout as National Grid Collapses Second Time in Two Days
By Mike Odiakose, Abuja
As Nigerians await full power restoration, the national grid has collapsed once again.The national grid collapsed on Tuesday, marking the 10th such incident since January 2024.It was confirmed that, as of 11 am on Thursday, the 22 power plants were only able to generate 2,323 megawatts of electricity, with generation dropping to 0.
00MW. The peak generation for the day was 3,743MW as of 10 am. The Ikeja Electricity Distribution Company reported a power outage at 11:29 am.“Dear Esteemed Customer, please be informed that we experienced a system outage today, 7 November 2024, at 11:29 hrs, affecting supply within our network.“Restoration of supply is ongoing in collaboration with our critical stakeholders. Kindly bear with us,” IKEDC said.The Transmission Company of Nigeria has yet to provide an update on the incident at the time of this report which marks the 11th of such occurrences in 2024.The country recorded more than 93 cases of grid collapse during the eight-year administration of former President Muhammadu Buhari from 2015 to 2023.This persistent grid collapse has led to frequent blackouts, impacting businesses and daily life across the country.Nigeria had, in the past decade, secured about 10 loans totaling about $4.36bn from the World Bank to address challenges in the sector but there has not been any significant improvement even with additional funds from multilateral and donor agencies.This has heightened speculations that a sizable chunk of the loans may not have been disbursed for the purposes for which they were obtained.The frequent fluctuations in power supply have continued to take a toll on industrial and domestic consumers leaving frustration and low productivity in the aftermath.The Bola Tinubu administration has continued to seek additional World Bank loans, securing $1.901 billion in new funds since he assumed office in June 2023.The administration has also been making frantic efforts to expand the nation’s energy options through renewable energy projects.The government has also initiated massive solar energy extension, especially to rural communities across the country to bridge the gaping power gaps.With a population estimated to be more than 200 million, Nigeria has not been able to exceed 5000 Megawatts at any period in the past 10 years despite assurances by successive administrations.More disturbing to Nigerians is the astronomical increase in electricity tariffs across the board, peaking above 400 percent with the last hike that was affected earlier in the year.COVER
FG Defends CNG Vehicle Safety Amid Malaysia’s Phase-out plan
By David Torough, Abuja
The Presidency has sought to allay concerns regarding the safety of Compressed Natural Gas-powered vehicles, recently introduced in Nigeria as an alternative to petrol-powered cars.The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, dismissed these fears in a post on X on Thursday while responding to reports on Malaysia’s plan to phase out CNG-powered vehicles by 2025.
The Malaysian government announced plans to phase out CNG vehicles and end the sale of natural gas vehicles by July 2025. According to local media sources, Malaysia’s Minister of Transport, Anthony Loke, made this announcement at a press conference on Monday.He explained that the decision was intended to protect road users and the public from the potential hazards posed by ageing CNG tanks.Loke was quoted as saying, “These NGV tanks have a safe usage lifespan of approximately 15 years, and if they are not replaced, they become unsafe to use and may fail at any time.” From July 1, 2025, CNG-powered vehicles will no longer be registered or allowed to operate in Malaysia.However, Onanuga clarified that Malaysia’s policy was focused on the safety of Liquefied Petroleum Gas (LPG), not CNG.He added that Nigeria chose CNG specifically for its safety and cost-effectiveness, with plans underway to develop domestic tank manufacturing capacity.Onanuga wrote, “Some clarification on Malaysia’s plan to phase out CNG-powered vehicles:“The Malaysian issue relates to the safety of LPG, not CNG. In the original report, Transport Minister Anthony Loke stated, ‘There are also some car owners who have modified their vehicles using liquefied petroleum gas (LPG) cylinders, which are very dangerous.’“NGV covers both CNG and LPG. Nigeria, in its transition, has adopted CNG only, not both, due to valid safety and cost concerns regarding LPG.”Onanuga further noted, “Malaysia’s programme for CNG-powered vehicles struggled, achieving only a 0.2% conversion rate over 15 years. By contrast, nations like India, China, Iran, and Egypt have seen considerable success.”He added that Malaysia faced difficulties in replacing 15-year-old tanks due to limited manufacturing capacity, while Nigeria, in its first year of adopting CNG, is already addressing this.Malaysia introduced CNG for taxis and airport limousines in the late 1990s, while Nigeria began its own CNG initiative in 2024 as an alternative transportation fuel.COVER
Zenith Bank Upgrades Infrastructure, Assures of Exceptional Service
By David Torough, Abuja
Zenith Bank Plc has assured its teeming customers of exceptional service delivery and improved customer experience following the successful completion of its Information Technology Infrastructure Upgrade.
The Group Managing Director/Chief Executive of the bank, Dr.
Adaora Umeoji in a statement expressed her immense gratitude to all customers of the bank for their patience and support during its recent IT infrastructure migration to a new and more robust operating system.Umeoji emphasized that the bank was committed to delivering unparalleled service experience, saying “We undertook such an extensive endeavor in other to better position Zenith Bank Plc for improved service delivery to all our valued customers and provide memorable banking experiences at all our touchpoints,” adding that the bank now has one of the best technology infrastructure in the Nigerian banking industry, and is well positioned to ensure customers experience exceptional service delivery going forward.
Zenith Bank has continued to distinguish itself in the Nigerian financial services industry through superior service offering, unique customer experience and sound financial indices.
The bank has remained a clear leader in the digital space with several firsts in the deployment of innovative products, solutions and an assortment of alternative channels that ensure convenience, speed and safety of transactions.
The bank’s track record of excellent performance has continued to earn the brand numerous awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the 15th consecutive year in the 2024 Top 1000 World Banks Ranking, published by The Banker Magazine. The Bank was also awarded the Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020 and 2022; and Most Sustainable Bank, Nigeria 2023 and 2024 in the International Banker Banking Awards.
Further recognitions include being recognised as Best Bank in Nigeria for the fourth time in five years, from 2020 to 2022 and in 2024, in the Global Finance World’s Best Banks Awards; Best Commercial Bank, Nigeria for four consecutive years from 2021 to 2024 in the World Finance Banking Awards. Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for three consecutive years, from 2022 to 2024, ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.
The Bank’s commitment to excellence saw it being named the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands for 2020 and 2021; Bank of the Year for 2023 and 2024, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and in 2024 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. The Bank also received the accolades of Best Commercial Bank, Nigeria and Best
Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards, Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.