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Articles by Hamid Ayodeji
Lagos Harps on Leveraging Digitalization to Enhance Productivity
Hamid Ayodeji The Lagos State Government has urged Nigerians to leverage on technology whilst carrying out their activities in order to enhance productivity. The Deputy Governor of Lagos State, Dr Obafemi Hamzat stated this during the Junior Chamber International (JCI), Nigeria, Global Digital Economy Summit (GDES) themed; “Digital Transformation: Defining our Success Pillars,” held in Lagos.
The recent statistics by the National Bureau of Statistics (NBS) revealed, said the inflation rate rose to 15.92 percent in March 2022, representing a 0.22 percent point rise when compared to 15.7 per cent recorded in February 2022. The Bureau also said that the composite food index rose year-on-year (YoY) by 0.09 percent points to 17.20 percent in March 2022 from 17.11 per cent in February 2022.
Corporate Organizations Urged to Leverage Branding to Boost Revenue in Post COVID-19 Economy
Hamid Ayodeji As African brands surged 4 per cent to 17 per cent from all time low of 13 per cent in 2020, corporate institutions have been urged to leverage branding to boost their revenue after the devastating effects COVID-19 on their businesses. This, the said, has becomes imperative as there is the urgent need to rebuild businesses and key into African Continental Free Trade Area (AfCFTA) which is aimed to drive greater intra-African trade.
Lagos to London Partners British International School on Learning Curriculum
Hamid Ayodeji As part of efforts to improve the country’s education sector, the British International School, Lagos, has partnered ‘Lagos to London’ to launch the pilot edition of the Lagos to London Global Learning Curriculum. The programme was designed to prepare students to take ownership of their lives by strengthening their knowledge, skills, connections, ethical values, cultural awareness, decision-making skills and equipping them to navigate an interconnected global society.
Nigeria: Firm Develops Payment Solution for Lagos Taxi Riders
Univasa, an indigenous ride-hailing company in Nigeria, has announced the launch of its Verify and Pay solution, an innovative digital payment system designed to reshape and ease the payment system of the transportation space in the country.
Firm Develops Payment Solution for Lagos Taxi Riders
Hamid Ayodeji Univasa, an indigenous ride-hailing company in Nigeria, has announced the launch of its Verify and Pay solution, an innovative digital payment system designed to reshape and ease the payment system of the transportation space in the country.
Nigeria: Govt Seeks Strategic Investment in Strategic Economic Sectors to Aid Recovery
The federal government has said that it is prepared to collaborate with potential investment partners in critital sectors of the nation's economy so as to expedite recovery.
Nigeria: Bolt - Enhancing Productivity for Africans
Before 2020, the average annual Gross Domestic Product (GDP) growth for Africa consistently outperformed the global average and was estimated to grow by at least six per cent annually until 2023. As one of the fastest-growing economies, Africa's economic growth is primarily due to its sizeable working-age population of about 1.2 billion people and growing consumer markets in the region.
Nigeria: EEDC - It's in Our Interest to Have All Our Customers Metered
The Enugu Electricity Distribution Plc (EEDC) has said it is in the best interest of the company to have all its customers across the South-east metered. But the Disco appealed that the customers should allow the meters to function without tampering with them.
Lagos Seeks Partnership to Tackle Waste Management, Climate Change
By Hamid Ayodeji The Lagos State government is seeking the partnership of private and non-governmental organisations in its drive towards developing policies aimed at effectively tackling waste management and climate change issues.
Nigeria: French Trade Advisors Endorse Lagos Free Zone
The Conseillers du Commerce Exterieur (French Foreign Trade Advisors) has expressed readiness to invest in the Lagos Free Zone (LFZ) being developed by the Tolaram Group. Owing to this, the foreign trade advisors has endorsed the zone as the ideal industrial destination for French businesses in Nigeria. The Conseillers du Commerce Exterieur, was quoted in a statement to have made this known during a recent visit to the Lagos Free Zone.
At 87, Balogun Still Gives to Humanity
By Hamid Ayodeji Ordinarily, his home after the usual Thanksgiving Church Service to appreciate the Almighty God on March 9th, would have been a gathering of family members, friends and who-is-who in Nigeria, to celebrate one man whose milk of human kindness, touching lives and impacting the length and breadth of the society, have seen no restrictions, if it were not the extra-ordinary times in which we are, the reign of the COVID-19 pandemic.
Nigeria: Okonjo-Iweala - It Cannot Be Business As Usual At WTO
The new Director General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala, in her maiden interview with journalists on Monday spoke about her plans to transform the organisation. Excerpts: Introductory comments Good day to everyone wherever you are around the world. I want to thank you for being here. Let me say that a few minutes ago, the general council of the WTO, agreed on my selection as the seventh director general of this organisation.
Nigeria: How NSIA Is Supporting Nigeria's Covid-19
The quality of health care in any country is a vital component of the standard of living. Indeed, it can be argued that healthcare is the most significant component of meaningful amongst the indicators of the quality of life. No wonder the popular saying that, "health is wealth" has remained evergreen. Inasmuch as life is the greatest gift of God to man, the provision of health care facilities is needed in superfluity in order that life may be sustained on earth.
Nigeria: CEOs Harp On Adoption of Technology for Risk Mgt
Some chief executive officers (CEOs) have stressed the need for firms to adopt digital tools in measuring and monitoring risks in their organisations.
Nigeria: AKK Pipeline Sets Stage for Nigeria's Economic Stability
The federal government under President Muhammadu Buhari has finally laid the long-awaited foundation for the country's economic recovery with the activation of the Ajaokuta-Kaduna-Kano (AKK) pipeline project. The flag-off of the project addresses anxiety among Nigerians over government's non-responsive posture towards unending calls for congenial business environment.
Africa: U.S. Treasury Secretary Demands Independent Investigation of AfDB President
United States Treasury Secretary, Mr. Steven Mnuchin, has canvassed an independent investigation into allegations of wrongdoing against the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, despite Adesina's clearance by the ethics committee of the bank.
Nigeria: COVID-19 - FRC Unveils Guidelines for Preparers of Financial Statements
The Financial Reporting Council of Nigeria (FRC) has released fresh guidelines on the impact of COVID-19 on financial reporting. The guidelines released recently, was the second of such to be released by the FRC in two weeks. The latest guidance targets preparers of financial statements during COVID-19 period.
Nigeria: Time for Nigeria to Start Looking Beyond Oil, Says Expert
A development and governance expert, Dr. Chiwuike Uba, has expressed satisfaction with the decision of the Organisation of Petroleum Exporting Countries (OPEC) under the OPEC+ platform to cut down oil production in the coming months.
Nigeria: Experts Call for Increased Collaboration Against COVID-19
One of Nigeria's leading risk and strategic management firm, Conrad Clark, recently converged stakeholders and experts in risk management and health sector to fashion out modalities and prepare for crises in a more preventive than curative direction.
Nigeria: Reinforcing Footprint in Food, Beverage Industry
The manufacturing sector and particularly the food and beverage sub-sector remain crucial to every economy of the world and the realities in Nigeria are not different. In recent years, the performance and contribution of these category players to the Nigerian economy has grown in value and relevance. Data from the World Trade Organisation states that Nigeria ranks as the largest food market in Africa, with significant investment in the local industry and a high level of imports.
Nigeria: Leading With Impact During Slow Growth
The operating context of Nigeria is currently characterised by volatility and dynamism, but offers a prospect for profitable growth for strategic leaders. However, not every executive is visionary and possess people skills, yet there is a need for both hard and soft skills to succeed. Most leaders have "hard skills". That is to say, the technical knowledge required for their positions. Soft skills, on the other hand, are a rarity.
Nigeria: Combating Bribery, Corruption
Ugo Aliogo and Hamid Ayodeji examine a new survey by the United Nations Office on Drugs and Crime which aims to sensitise youths on the need to join the fight against bribery, corruption and other economic crimes. Almost a third of Nigerian adults who had contact with a public official between June 2015 and May 2016 had to pay, or were requested to pay a bribe to that public official, according to a recent report.
Nigeria: 'Innovation, Resilience Key for Nigerian Luxury Market'
The Executive Director, Polo Limited, Jennifer Obayuwana, has described the Nigerian luxury market as one which is unique due to the ever-changing consumption behavior of Nigerians who are fashion enthusiasts and are defined by the latest trends. However, Obayuwana, noted that the onus falls on luxury brands to understand consumers and remain at the top of their game in ensuring that they satisfy the fashion needs of the market.
Nigeria: Experts Call for Increased Partnership to Sustain E-Payment Growth
Electronic payment providers must to embrace increased partnerships and utilisation of data analytics to sustain the triple digit growth recorded under the Payment System Vision 2020 (PSV). Payment experts made this submission while speaking at the 2019 retreat of the Committee of E-Business Industry Heads (CeBIH) held recently in Abeokuta, Ogun State.
Nigeria: Digital Banking Driving Financial Inclusion - Report
Due to the increase in the number of Nigerians with access to mobile phones and the increasing internet penetration in Nigeria estimated at 56.4 per cent, the digital banking industry is currently experiencing significant growth with enormous opportunities more than ever before. This has encouraged several banks to take advantage of this opportunity to reach out to more banked and unbanked Nigerians through digital banking solutions.
Nigeria: Group Moves to Bridge Gap Between Govt, Technology
In line with its commitment to bridging the gap between government and the technology ecosystem and to co-curate the Lagos Innovation Masterplan, a design thinking talkshop was held in Lagos recently. The event had in attendance, the Deputy Governor of Lagos State, Dr. Obafemi Hamzat, among other top government officials as well as the academia. According to the Curator of Art of Technology Lagos 1.0 and Founder of Eko Innovation Center, Mr. Gbenga Afolabi, the essence of the parley was to engage.
Access Bank Appoints Awosika as Chairman, Belo-Olusoga Retires
By Hamid Ayodeji The Board of Directors of Access Bank Plc on Tuesday announced that its Chairman, Mosun Belo-Olusoga, will retire in January 2020. This followed the completion of her 12-year term limit allowed by the Central Bank of Nigeria’s code of corporate governance for Banks and discount houses. Owing to this, the bank, also announced the appointment of Dr. Ajoritsedere Awosika, as her successor, effective January 8, 2020.
Nigeria's Sesame Seed Export Value to Hit N120bn Annually - Report
A report by Agusto & Co has revealed that Nigeria's sesame seed export value to Asia and Europe has potential value of one N120 billion per annum. The pan-African credit rating agency put the value of Nigeria's export of the crop as at fourth quarter 2018 at N30 billion.
Nigeria: Govt Moves to Remove Constraints to Private Sector Investments
The revised Nigeria Industrial Policy is aimed at liberalising the industrial sector by removing constraints to private investments, reduce cost of doing business and create conditions attract Foreign Direct Investments (FDIs), the Permanent Secretary, Ministry of Budget and National Planning, Ernest Umakhihe, has disclosed.
Nigeria: 'Cotton Can Contribute 15% to GDP'
By Hamid Ayodeji The President, National Cotton Association of Nigeria (NACOTAN),Mr Anibe Achimugu, has said cotton has the capacity to contribute not less than 15 per cent to Nigeria's Gross Domestic Product(GDP) if properly harnessed. Achimugu, who made this known in an interview with News Agency if Nigeria(NAN), in Abuja, said as a cash crop, cultivated in most states of the Federation, cotton could help turn the country's fortune around as it did before the oil boom.
Nigeria: AfCFTA - Stakeholders Seek Massive Investment in Agric Sector
By Hamid Ayodeji Stakeholders in the agriculture sector have said the recent signing of the African Continental Free Trade Agreement (AFCFTA) by President Muhammadu Buhari calls for urgent and massive investment in the sector. They emphasised that massive and unprecedented investment in the sector would boost domestic consumption, rural infrastructural development and export promotion with many opportunities for the country to exploit.
Nigeria: Asset Management Firms Increase Mutual Fund Offering
By Hamid Ayodeji and Chiamaka Ozulumba Asset management companies in Nigeria are increasingly offering money market funds (MMFs) as an asset class, targeting the country's risk adverse retail market, Augusto & Co has stated. According to a report made available to THISDAY, these funds which are perceived to be low risk alternatives to other more traditional asset classes, account for over 70 per cent of collective investment schemes and 25 per cent of non- pension assets under management.
Nigeria: 'Nigeria Has Massive Agricultural Potential'
By Hamid Ayodeji Nigeria is blessed with huge agricultural potential but requires increased investment from both government and the private sectors to unlock opportunities in the sector, the Chief Executive Officer, Garri Empire, Seun Adu, has said. The Garri Empire boss said this during an interview with THISDAY.
Nigeria: Feeding Nigeria's Population a Critical Challenge - Report
By Hamid Ayodeji Feeding Nigeria's current and future population is now a critical challenge that must be addressed, a report has stated. The report by one of the leading professional services firms, PwC, titled: "Feeding 398 million people in Africa's largest economy by 2050," noted that with over 50 per cent of the country's 198 million people living in rural areas, the economy is highly dependent on agriculture as a means of livelihood.
Nigeria: Expert Urges Govt to Review VAT Law, Border Policing
By Hamid Ayodeji A tax expert, Taiwo Oyedele, has advised the federal government to review its Value Added Tax (VAT) law and improve policing at its borders to improve its VAT collections. Oyedele, who is the Head of Tax and Corporate Advisory Services at PricewaterhouseCoopers (PwC), West Africa, gave the advice in an interview with the News Agency of Nigeria (NAN) in Lagos.
African CEOs Show Keen Interest in Glo's Digital Solutions
By Hamid Ayodeji Several chief executives of multinational companies were at Globacom's stand at the just-concluded Africa CEO Forum to seek the operator's connectivity solutions to drive their business growth. Rwandan President, Paul Kagame, whose country hosted the conference, had kicked off the enquiries at a meeting with Globacom Executive Vice Chairman, Mrs. Bella Disu. He discussed areas of collaboration between Rwanda and Globacom.
Technology Firm Introduces Healthcare Product
By Hamid Ayodeji A technology firm, Gricd, has built a smart cold chain box to actively keep temperature sensitive items regulated during transportation and storage. The solution was created to improve the current method of transporting temperature sensitive items as well as ensuring the safety of the items when transported, by providing real time monitoring of the items in the box and monitor its temperature remotely.
Revised NHF Bill Will Make Housing Affordable, Expert Says
By Hamid Ayodeji A housing industry expert, Mr. John T. Ikyaave, has described the recent passage of the revised National Housing Fund (NHF) bill by the National Assembly as a positive development in the quest to tackle the perennial problem of sustainable housing finance that is required to develop the country’s housing sector.
Nigeria: Again, Suspected Bandits Kill 16, Injure Many in Zamfara
By Hamid Ayodeji Suspected armed bandits at the weekend killed 16 people and injured 18 others at Dumama community in Zurmi Local Government Area (LGA) of Zamfara State. The lawmaker representing Zurmi/Shinkafi in the House of Representatives, Husseini Moroki, confirmed the report to journalists. "Just yesterday (Friday) by the time election materials were being distributed, I was at Zurmi INEC office where I got a report that there is an incident of banditry attack at Dumama community.
Again, Suspected Bandits Kill 16, Injure Many in Zamfara
By Hamid Ayodeji Suspected armed bandits at the weekend killed 16 people and injured 18 others at Dumama community in Zurmi Local Government Area (LGA) of Zamfara State. The lawmaker representing Zurmi/Shinkafi in the House of Representatives, Husseini Moroki, confirmed the report to journalists. “Just yesterday (Friday) by the time election materials were being distributed, I was at Zurmi INEC office where I got a report that there is an incident of banditry attack at Dumama community.
Nigeria: Violence Persists in Zamfara, Bandits Kill 40 in Fresh Attacks
By Hamid Ayodeji Gunmen yesterday killed 40 persons in two communities in Shinkafi and Anka Local Government Areas (LGAs) of Zamfara State. The killing is coming barely two days after the police in the state disclosed that 29 people were killed on Saturday by suspected bandits in Shinkafi LGA. The latest attack also came less than 24 hours after the state Governor, Abdul Aziz Yari, swore to deal with the attackers.
Nigeria: Group Organises 'Save Lagos Forum'
By Hamid Ayodeji The Babajide Sanwo-Olu, Kadiri Obafemi Hamzat (BOSKOH) campaign group has organised a 'Save Lagos' forum to enlighten students, security agencies and youths at Epe Local Development Area, on the benefits of maintaining a violence- free atmosphere during elections. The group urged the youths, security agencies, and students to save Lagos from the hands of violence and unjust electoral conducts.
Group Organises ‘Save Lagos Forum’
By Hamid Ayodeji The Babajide Sanwo-Olu, Kadiri Obafemi Hamzat (BOSKOH) campaign group has organised a ‘Save Lagos’ forum to enlighten students, security agencies and youths at Epe Local Development Area, on the benefits of maintaining a violence- free atmosphere during elections. The group urged the youths, security agencies, and students to save Lagos from the hands of violence and unjust electoral conducts.
APC Alleges Plot by Atiku to Stop Announcement of Election Results
By Hamid Ayodeji The All Progressives Congress (APC) Presidential Campaign Council last night alleged that the presidential candidate of the Peoples Democratic Party (PDP) Alhaji Atiku Abubakar, was planning to file a suit in court to stop the announcement of the presidential election results.
Nigeria: Atiku Rejects Alleged Plan to Postpone Elections in Borno, Adamawa, Kaduna
By Hamid Ayodeji The presidential candidate of Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, has rejected the reported plan by President Muhammadu Buhari to use the Independent National Electoral Commission (INEC) to postpone the forthcoming elections in some northern states, including Borno, Adamawa and Kaduna, to give the APC-led federal government enough time to concentrate efforts to rig in those states on a later date.
Nigeria: Ladol Named Among 'Companies to Inspire Africa'
By Hamid Ayodeji The Lagos Deep Offshore Logistic Base (LADOL) has disclosed that it was recently listed by the London Stock Exchange Group's (LSEG) 'Companies to Inspire Africa in 2019.' LADOL, explained in a statement that it achieved the feat having been found to have met the LSEG's stringent conditions of recording an average compound annual growth rate of 46 per cent, up from 16 per cent last year, and employing at least 350 people with an average compound annual growth rate of 25 per cent.
Falana Drags Museveni to UN over Human Rights Violations
Human rights lawyer and Senior Advocate of Nigeria (SAN), Mr. Femi Falana, has dragged Uganda and President Yoweri Museveni to the United Nations (UN) over allegations of grave human rights violations in that country.
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