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TETFund, Usman Danfodiyo Varsity Inaugurate First Indigenous COVID-19 Vaccine

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The Tertiary Education Trust Fund, TETFund, yesterday, inaugurated the first indigenously developed COVID-19 vaccine candidate for preclinical trials in Nigeria.

The Vaccine Development Consortium was formed by the Usman Danfodiyo University, Sokoto, UDUS.

TETFund had in the first instance, collaborated with the Nigeria Institute for Medical Research, NIMR, Yaba Lagos, and National Veterinary Research Institute, NVRI.

It subsequently involved the University of Jos and the National Research Institute for Chemical Technology, NARICT, Zaria.

Speaking at the event, Sonny Echono, the Executive Secretary TETFund, described the occasion as a milestone on its sponsored Vaccine Development Mega Research.

Mr Echono said TETFund had been making concerted efforts aimed at identifying more innovative ways of using government and donor funding in research programmes and projects for maximum developmental impact.

“This is the basis of the institution of the Mega Research intervention by the Fund.

“The Intervention aims to strengthen decentralised cooperation involving clusters of researchers from different institutions to consolidate problem solving research and promote Innovation in Nigeria,” he said.

According to the executive secretary, the project is one out of the four projects supported by the fund at a total collaborative research by promoting sum of NI.25 billion.

He said the project had shown that collaboration among stakeholders, to address issues of national priority would achieve the desired goals towards national development and tackling of developmental challenges.

“It also indicates to us that we are moving in the right direction, as one of the mandates of the fund’s research and development department, is to promote multi-disciplinary research,” he added.

Mr Echono congratulated the group on the achievement and encouraged it not to relent in sustained efforts towards achieving the overarching goal of delivering a home-made COVID-19 vaccine.

Earlier, Prof. Lawal Bilbis, the Vice-Chancellor of UDUS, said the motive behind the development followed the terrible and unacceptable state of the country’s vaccine production capacity.

“More than 90 per cent of the vaccines used in Nigeria are imported from abroad through foreign donors.

“The COVID-19 pandemic had made us realise and understand that all multilateral agreements between Africa and other nations of the world can easily be disrupted in the event of global health crisis.

“This, therefore, left us with no option but to promote self-sufficiency through local vaccine research and development projects, using the biomedical scientists present in some of our universities and research institutes across the country.

“We decided to form a Vaccine Development Consortium with a view to bringing unique sets of skills to mastermind the development of the first indigenous COVID-19 vaccine,” he said.

Mr Bilbis assured the fund that the nation was very close to reaping the benefits of the investment, adding, “we will, by the special grace of God, converge in the next few months to celebrate its successful completion.” (NAN)

Resident Doctors Shelve Planned Nationwide Strike

The Nigerian Association of Resident Doctors (NARD) said its members will not be embarking on industrial action.

The association’s President, Dr Innocent Orji, disclosed this yesterday in Abuja.

“The industrial action has been shelved for now as negotiations are ongoing with necessary government bodies to meet the demands of the association.

“The National Executive Council (NEC) of the association has mandated the National Officers Committee to engage the Federal Government further on issues already outlined and revert back to it if the need arises.

“We took this decision in public interest and peculiarities of the moment,” he said

The association had on Jan. 11, written a letter to the Federal Government addressing the Ministers of Health and Labour and Employment and other relevant Ministries, Departments and Agencies (MDAs).

The letter was titled “Imminent Nationwide Industrial Disharmony in Health Sector: A Matter of Urgent Administrative Importance”.

In the letter, the resident doctors said there were lingering unresolved issues affecting their members and if those issues were not resolved before its NEC meeting between Jan. 24 and Jan. 28, there may be industrial action.

Those issues include irregularities in the new circular on upward review of the Medical Residency Training Fund (MRTF), outstanding payment of the arrears of the new hazard allowance and non-payment of the skipping arrears for 2014, 2015 and 2016.

Also, non-payment of the consequential adjustment of minimum wage to some of its members, delay in the upward review of the

Consolidated Medical Salary Structure (CONMESS), salary arrears of its members in State Tertiary Health Institutions running into several months, including Abia, Imo, Ondo, Ekiti and Gombe States.

It also stated the non-domestication of the Medical Residency Training Act (MRTA) in most states across the federation as one of the pending issues.

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Another Blackout as National Grid Collapses Second Time in Two Days

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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.

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FG Defends CNG Vehicle Safety Amid Malaysia’s Phase-out plan

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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.

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Zenith Bank Upgrades Infrastructure, Assures of Exceptional Service

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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.

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