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Zenith Bank Chairman, Jim Ovia Expresses Optimism For More Investments In The Nigerian Economy

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The Founder/Chairman of Zenith Bank, Mr. Jim Ovia has expressed optimism for more investments in the Nigerian economy.

This is coming few days ahead of the second-quarter earnings season with investors keen on expected future earnings as a guide to positioning for investments in the Nigerian market.

According to him, Nigeria is almost a virgin land, waiting for tremendous opportunities of investments in different sectors of the economy like banking, agriculture,and manufacturing, amongst others.

Citing Zenith Bank as an example. Mr. Ovia added that Zenith Bank, which started with a $4 million investment, has grown to $16 billion, recording thousands of percentage increase.

He made this statement during an interview with CNN Marketplace, where he addressed investors and entrepreneurs alike, stating that about 30 years ago, investments in Nigeria that could metamorphose to over 2000% growth were not prevalent.

Yet today, the country is brimming with businesses and startups that possess exponential scalability and more bubbling capabilities. He advised that investors should look out for promising sectors, consider larger investments and remain committed to growth.

Watch full interview below:

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Sanwo-Olu Nominates Tunji Bello, Dele Alake’s Son, Toke Benson, 23 Others As Commissioners In Lagos [FULL LIST]

Peter Okunoren

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Governor Babajide Sanwo-Olu has sent the list of his commissioners and special advisers to the Lagos State House of Assembly, with some of the old faces of the previous Lagos administrations and some making their debut.

Among the returnees are Tunji Bello, lawyer, and journalist who was the secretary to the government under the Ambode administration and also a former commissioner for environment under Raji Fashola.

Prince Gbolahan Lawal had served under Governors Fashola and Ambode. His last portfolio was as commissioner for housing.

Engineer Hakeem Fahm was commissioner for ICT midway under Ambode’s administration and is also returning as commissioner.

Segun Dawodu, son of the late prominent Lagos politician, Alhaji Ganiyu Dawodu, popularly known as GOD, is also on the list. He was a commissioner under the Bola Tinubu administration and had stayed with the Tinubu political clan, despite the political differences between Tinubu and his father.

Among the new faces is Tunbosun Alake, son of Dele Alake, Lagos former commissioner for information and strategy. He featured in the campaign for Sanwo-Olu’s election.

The list contained twenty-five names, who are to assume duty as Commissioners and Special Advisers upon ratification by the legislature.

A statement by the Governor’s Deputy Chief Press Secretary, Mr. Gboyega Akosile, said Sanwo-Olu carefully picked the nominees based on their cognate experience in their respective professions.

The list, Akosile said, comprised names of technocrats and politicians, who understand the challenges of the state, noting that the painstaking and laborious selection process was aimed at constituting the best team that will serve Lagos in line with the agenda of his administration vision of delivering a city-state that will rank among the top most liveable cities in the world.

The statement said: “We took our time to pick the best hands for the tough job Lagosians have elected us to do. The nominees for the twenty-five Commissioner and Special Adviser positions include women and men who have made their mark and at the zenith of their professional callings.’’

The aide stated further that the current list is the first batch, saying that consultation was going on with regard to the complete number of the cabinet members.

He further disclosed that the new cabinet would be unique, because of its diversity. Quoting Governor Sanwo-Olu, he said Lagos would continue to take the lead in innovation, gender-balance and youth inclusion in the administration of the State.

“We have a blend of youth who are under 40 among nominees for Commissioners and Special Advisers. Women too are well represented in the list. We believe Lagos deserves the best and we cannot give the people anything less than that,” the statement said.

There are 17 men and eight women that will be sworn in as members of the State Executive Council. Also in keeping his promise of millennial’s inclusion, Governor Sanwo-Olu included youths who are in their early and mid-thirties in the list of nominees.

The State House of Assembly is expected to carry out a screening of the nominees to set the machinery of governance in full swing.
Below are names of the nominees:

  1. Mr. Rabiu Olowo Onaolapo
  2. Mrs. Folashade Adefisayo
  3. Prof. Akin Abayomi
  4. Dr. Idris Salako
  5. Mr. Tunji Bello
  6. Mr. Gbenga Omotoso
  7. Mrs. Toke Benson-Awoyinka
  8. Mrs. Bolaji Dada
  9. Mr. Lere Odusote
  10. Dr. Frederic Oladeinde
  11. Mr. Gbolahan Lawal
  12. Ms. Adekemi Ajayi
  13. Mr. Femi George
  14. Dr. Wale Ahmed
  15. Mr. Moyo Onigbanjo (SAN)
  16. Mr. Hakeem Fahm
  17. Mrs. Ajibola Ponnle
  18. Engr. Aramide Adeyoye
  19. Mr. Segun Dawodu
  20. Mrs. Uzamat Akinbile-Yusuf
  21. Mr. Sam Egube
  22. Ms Ruth Bisola Olusanya
  23. Princess Aderemi Adebowale
  24. Mr. Tunbosun Alake
  25. Mr. Afolabi Ayantayo
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Any Governor That Refuses RUGA Settlement Looking For Trouble — Miyetti Allah Blows Hot

Gbemileke Ajayi

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Chairman of the Miyeti Allah Cattle Breeders Association of Nigeria (MACBAN), Nasarawa State chapter, Alhaji Muhammad Huseni, has said that any governor who refuses to accept the Federal Government’s plan to build RUGA settlements for Fulani in their state “wants the crisis to continue.”

A report this morning by Sunday Tribune quoted Huseni as saying this in an interview with the paper in Lafia, the Nasarawa State capital.

He reportedly stressed that the RUGA project across the 36 states of the federation would curb the incessant farmers-herders crisis, pleading with other tribes who have negative impressions about the scheme to have a change of mind.

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Shut Up, Return All Stolen Money, Properties – Imo Governor, Ihedioha Blasts Okorocha

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The Governor of Imo State, Chief Emeka Ihedioha has told his predecessor, Rochas Okorocha, to shut up and return all government properties and monies, he and members of his family allegedly siphoned.

Okorocha was advised to toe the line instead of indulging in reckless utterances and blackmail gimmicks against Ihedioha.

This was contained in a statement on Sunday in Owerri, the State capital by Chief of Staff to Governor Ihedioha, Barr Chris Okewulonu.

Okewulonu was reacting to a statement credited to Okorocha wherein he asked Governor Ihedioha to stop running Imo as if he was still a lawmaker.

He said that the State was in a deplorable socio-economic political condition as a result of Okorocha’s visionlessness style of administration.

He described Okorocha as ”a braggart who is empty but claims to know everything. He is a Jack of trades but master of none. He should apologize to Imo people rather than seeking for cheap attention again after the horrible things he did in Imo “

Okewulonu said that “95% of the projects Okorocha claimed to have executed in Imo are either sub-standard or exist in his own imagination. Within a short time, Ihedioha’s achievements would dumb found Okorocha and his hirelings. The governor will not be distracted by the tantrums of a failure like Okorocha.

“I advise Okorocha to shut and stop disgracing himself further. He messed up Imo and left office in ignominy.

“Let him and his cronies first return all government properties and monies they illegally carted away before having the temerity to attempt blackmailing a government that is barely three weeks old. He who seeks for equity must first come with clean hands.”

“Okorocha’s hands are very dirty and he cannot, therefore, criticize Governor Ihedioha known for excellence in service delivery,” Okewulonu added.

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