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Africa Prudential Partners Cooperative Societies on Technology Adoption

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Africa Prudential Plc, a leading share registration and investor services firm has partnered with the International Co-operative Alliance-Africa (ICA) to deploy technology solutions for a more efficient administration of co-operatives and thrift societies across Africa.

The commitment was made public at the 12th African Ministerial Co-operative Conference which was held on October 2 to 5, 2018 in Abuja, Nigeria.

The theme for this year’s conference centred on leveraging the recently signed African Continent Free Trade Area (AfCFTA) Agreement. According to the World Co-operative Monitor, the Co-operative bodies provide jobs to the 10 percent of the World’s employed population and generate a towering USD2.1 trillion annual gross turn-over.

Chairman of Africa Prudential Plc, Chief (Mrs.) Eniola Fadayomi, while addressing dignitaries at the conference, noted that Africans need to take the lead in solving the continent’s problem through greater collaborations among countries and the Co-operative Movement. She emphasised that among other benefits, the AfCFTA will create opportunities for greater bargaining power and employment creation on the continent; ultimately reducing the vulnerability of Africa to global shocks. “When we consider the current contribution of the Co-operative sector to economic development in the respective countries on the continent, its role in actualising the objectives of the AfCFTA becomes even more prominent”, she noted.

The Managing Director/CEO of Africa Prudential Plc, Mr. Obong Idiong also noted in his recommendations on technology inclusion in cooperative management, that the company has long recognised the strategic relevance of Cooperatives to economic development across Africa, and that it has been partnering both with Alliance-Africa, and the Co-operative Federation of Nigeria (CFN). “We currently have more than 500,000 cooperators activated on our cooperative manager solution—EasyCoop—which offers end-to-end financial management and member administration, and with a capacity for over 10,000,000 unique users” he explained.

While delivering his Keynote Address, Nigeria’s Vice President, Professor Yemi Osinbajo, who was represented by the Honourable Minister of Agriculture and Rural Development, Chief Audu Ogbeh confirmed that Cooperatives hold a strategic responsibility in the implementation of the county’s Economic Recovery and Growth Plan.

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BIG STORY

Ooni Of Ife’s New Wife, Yeyeluwa Silekunola, Enters The Palace With Grace, Elegance [PHOTOS]

Gbemileke Ajayi

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Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, has received his new Olori after the necessary rites have been performed, the Palace said.

“Her Majesty, Olori Moronke Naomi Silekunola Ogunwusi is the new Yeyeluwa Oodua. Necessary rites fully performed,” a terse message from the Palace said.

See the photographs, courtesy of the Ooni’s Palace:

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NEWS

Jim Ovia Takes Africa Rise And Shine Book Launch To New York [PHOTOS]

Peter Okunoren

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The Founder/Chairman of Zenith Bank Plc, Mr. Jim Ovia recently launched his book, Africa Rise and Shine in New York.

This prestigious event happened on the sidelines of the United Nations General Assembly and had foreign dignitaries and private sector captains of industry in attendance.

Earlier, Africa Rise and Shine was unveiled in Lagos at Eko Hotel and Suites on September 17, 2018. The event had Nigeria’s Vice President, His Excellency, Prof. Yemi Osinbajo, GCON(SAN), other government functionaries, traditional rulers and private sector stakeholders present.

Africa Rise and Shine is available for pre-order online at Amazon and in-store at Laterna Books and Roving Heights.

See photo excerpts from the book launch in New York below:

The Chairman of Flour Mills of Nigeria, Mr. John D. Coumantarosduring a meet-and-greet with the Author of Africa Rise and Shine, Mr. Jim Ovia at the Book Launch in New York

The Author of Africa Rise and Shine, Mr. Jim Ovia with the moderator, Zeinab Badawi on the podium at the Africa Rise and Shine book launch in New York

Mr. Jim Ovia holding up his book, Africa Rise and Shine during its launch in New York

The GMD/CEO of Access Bank, Mr. Herbert Wigwe; The Publisher of Guardian Newspapers, Lady Maiden Alex Ibru and Chairman of Coronation Capital, Mr. Aigboje Aig-Imoukhuede during a meet-and-greet with the Author of Africa Rise and Shine, Mr. Jim Ovia at the Book Launch in New York

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BIG STORY

We Can’t Pay New Minimum Wage — Governors

Peter Okunoren

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Chairman of the Nigerian Governors’ Forum, NGF, Abdulaziz Yari, said yesterday that governors were not against upward review of the minimum wage, but lack capacity to pay it.

This is as indications emerged yesterday that organized labour might resume its suspended strike over the issue as early as November 6.

Briefing journalists on the outcome of the forum’s meeting with the Nigeria Labour Congress, NLC, Wednesday night, Yari said the issue was not just on the agreed figure to be paid by the governors but also the “ability or resources to take care of that agreed minimum wage.”

Noting that his colleagues made it known that they have no problem with a review of salaries but were being real, Yari, who is governor of Zamfara State, said: “The problem of the states is the capacity to pay what is agreed. As we are talking today, we are struggling with N18,000.

“Some of the states are paying 35 percent, some 50 percent and still some states have salary arrears. So, it is not about only reviewing it but how we are going to get the resources to cater for it.”

Yari’s statement caused a stir in the polity, yesterday. There was anxiety that labour leaders who met over the issue last night may call for industrial action. Some state chapters of the NLC, vowed to shut down the country if the minimum wage was not reviewed and implemented.

The NLC had demanded N30,000 as minimum wage, the governors proposed N20,000, while the Federal Government said it could afford N24,000.

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