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Dangote, Adenuga, Rabiu Make Africa’s Top 10 Billionaires’ List

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Aliko Dangote of Nigeria is Africa’s richest person and has maintained this position for straight 10 years, according to the 2021 Forbes’ Africa Billionaires List released on Friday.

Also, Mike Adenuga of Globacom, and Abdulsamad Rabiu of BUA Group, both Nigerians, made it to the list as the 5th and 6th richest persons in Africa respectively.

Forbes stated that in Africa, as elsewhere in the world, the wealthiest came through the pandemic just fine.

It stated that the continent’s 18 billionaires were worth an average of $4.1bn, 12 percent more than a year ago, driven in part by Nigeria’s surging stock market.

“For the tenth year in a row, Aliko Dangote of Nigeria is the continent’s richest person, worth $12.1bn, up by $2bn from last year’s list, thanks to a roughly 30 percent rise in the share price of Dangote Cement, by far his most valuable asset,” Forbes stated in its report.

The list named the second richest person in Africa as Nassef Sawiris of Egypt, whose largest asset was a nearly six percent stake in sportswear maker Adidas.

At number three was Nicky Oppenheimer of South Africa, who inherited a stake in diamond firm DeBeers and ran the company until 2012, when he sold his family’s 40 percent stake in DeBeers to mining giant AngloAmerican for $5.1bn.

It said the biggest gainer this year was another Nigerian cement tycoon, Rabiu.

“Remarkably, shares of his BUA Cement Plc, which listed on the Nigeria Stock Exchange in January 2020, have doubled in value in the past year,” the report stated.

That pushed Rabiu’s fortune up by an extraordinary 77 percent, to $5.5bn, adding that Rabiu and his son together own about 97 percent of the company, giving the company a tiny public float.

It stated Nigerian Stock Exchange required that either 20 percent or more of a company’s shares should be floated to the public, or that the floated shares were worth at least N20bn, about $50m, describing it as a paltry sum, to be sure.

“A spokesman for the Nigerian Stock Exchange told Forbes that BUA Cement meets the second requirement,” the report stated.

It added that while some got richer by the billions, two from the 2020 list of Africa’s richest dropped below the $1bn mark.

In fact, the only two women billionaires from Africa had both fallen off the list.

Forbes calculated that the fortune of Folorunsho Alakija of Nigeria, who owns an oil exploration company, dropped below $1bn due to lower oil prices.

It said Isabel dos Santos, who since 2013 had been the richest woman in Africa, was knocked from her perch by a series of court decisions freezing her assets in both Angola and Portugal.

It stated that the 18 billionaires from Africa hailed from seven different countries.

South Africa and Egypt each had five billionaires, followed by Nigeria with three and Morocco with two.

Altogether they were worth $73.8bn, slightly more than the $73.4bn aggregates worth of the 20 billionaires on last year’s list of Africa’s richest people.

 

BIG STORY

NPHCDA: No Microchips In COVID-19 Vaccine, No Changes In DNA

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Faisal Shuaib, chief executive officer of the National Primary Health Care Development Agency (NPHCDA), says the belief that the COVID-19 vaccine contains microchips and changes the DNA, is false.

Nigeria received its first batch of the AstraZeneca COVID-19 vaccine containing 3.9 million doses on Tuesday.

In an interview with Channels Television on Wednesday, Shuaib said it was the responsibility of health workers and scientists to address any concern that Nigerians may have regarding the vaccine.

“We as health workers; we as scientists have been working in the last few years to make sure that we don’t take for granted any questions or concerns that Nigerians will have. It is our responsibility not to just offer the vaccine but we also have to put in the hard work to convince Nigerians, to provide them with the information around their questions. So is there a chip for example? No there is no chip in the vaccine. Is it possible that this will change your DNA? No, that doesn’t happen,” he said.

His comment comes amid misconceptions by some Nigerians concerning the vaccine — such as ”it changes the DNA; it contains chips, and it is the mark of the Antichrist”.

While addressing concerns that only the rich will get access to the vaccine, Shuaib said the distribution will only be done according to priority — with frontline health workers as first priority followed by vulnerable groups.

”We have not already allotted these vaccines to the rich people or the people in the urban areas. Absolutely not. The president has been very clear , and the vice-president has also added his voice. The Chairman of the presidential task force (PTF) has communicated this, and in our PTF media briefing, we’ve made it very clear in terms of who we’re going to prioritize. The first group of people who are going to be taking this vaccine are the frontline health workers,” he said.

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COVID Vaccines Not Allotted To Rich People —– FG

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The Federal Government, on Wednesday, said contrary to widespread insinuations, the AstraZeneca/Oxford Covid vaccines presently in the country have not been apportioned to “rich people”.

Executive Director, National Primary Health Care Development Agency, Dr Faisal Shuaib, made this known while featuring on Channels Television’sSunrise Daily’ programme.

Nigeria on Tuesday received nearly four million doses of the COVID-19 vaccine, shipped via the COVAX Facility, a partnership between CEPI, Gavi, UNICEF, and WHO.

The 3.94 million doses of the AstraZeneca/Oxford vaccine arrived in Abuja at noon on Tuesday.

Speaking on the delivery of the vaccines on Wednesday, the agency boss said, “We are protecting the vaccines very closely, we’ve increased security around the vaccines to make sure that unauthorized access is not possible.

“So, we are waiting on NAFDAC. We feel that they are going to do all of the checks that are necessary and once they give us the green light, we will be ready to roll out the vaccines.”

Asked whether the vaccines have been shared among influential people, Shuaib said, “I will tell you categorically that we have not allotted these vaccines to the rich people or to the people in the urban areas, absolutely not. Mr. President has been very clear.

“Mr Vice President has also added his voice and the Chairman of the Presidential Task Force has communicated this at the Presidential Task Force media briefings. He has made it very clear in terms of who we are going to prioritize and I will repeat it here again that the first set of people who are going to be taking these vaccines are those people who have sacrificed in the last one year taking care of all Nigerians that have come down with Covid-19. So, the frontline health workers.

“On Friday, we are going to be launching the vaccines, we are going to be rolling them out at the treatment centers at the national hospital. Our priority will be the health workers that are frontline. We are going to be giving these vaccines to first responders.

“We are also going to be looking at people outside of the health sector who are at risk of getting Covid-19. We are going to be looking at those strategic leaders like Mr President and the Vice-President, those people who will also want to take the vaccines publicly so that they can motivate the followers to take the vaccines, to convince them that the vaccines are very safe.”

He enjoined Nigerians who wish to receive the vaccines to register on the website of the NPHCDA, adding that over 2.3 million Nigerians have registered in the past few hours.

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FG To Clamp Down On Individuals, Bodies Sponsoring Upheavals

Peter Okunoren

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The Federal Government has expressed its readiness to henceforth clamp down on individuals and groups sponsoring upheavals with the sole aim to destabilize the nation.

It has also given a directive to security agencies to immediately commence the arrest of such individuals on the security watch list of the government.

The National Security Adviser to the President, Major General Babagana Monguno (Rtd), who made this known while speaking with reporters at the end of the National Security Council (NSC) meeting presided over by President Muhammadu Buhari at the State House, Abuja on Tuesday, said the Council also banned mining operations in Zamfara state due to the activities of unscrupulous elements that have threatened the peace of the state.

According to him, the government has enough information about those fanning the embers of disunity in the country and will now go after them.

He said the government had intelligence report that certain individuals and groups were still hell-bent on ensuring that crisis persists across the nation and will now go after them and get them arrested for necessary prosecution.

Details later…

 

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