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During the Common Wealth Business Forum in Westminister on Wednesday 18th April 2018,  President Muhammadu Buhari while addressing Business Leaders stated that “A Lot of Nigerian Youth are Lazy and Uneducated, that they would rather sit down doing nothing, banking on the notion that Nigeria is an oil-rich nation”.

On behalf of the Nigerian Youth, I hereby plea for the above statements to be disregarded as this is a false narrative and a dent to the creative, resilient, intelligent, smart and hardworking Nigerians, who on a daily basis,regardless of the fruitless and unproductive dividend of democracy of President Buhari’s administration,ensures to keep contributing their quota in reviving the Nigerian economy.

The Nigerian Youth has over the years proved to be resourceful across the nation and around the world, leading different industries against all odds, even without any form of National Trust funds as an oil-rich nation and we have consistently thrive in all we do; as opposed to our leaders led by President Muhammadu Buhari who has been consistent in their inconsistencies, wasting tax payers money and the nation’s treasury for their personal interests.

We plea for the Common Wealth to disregard all statements regarding the Nigerian youth by the President as he has vehemently neglected the Article 10, 11, 12, 13, 14and 15 of the Africa Youth Charter adopted by the Executive Council of the African Union in Banjul in 2006. The President and his cabinet are stalling the Presidential accent process of the ‘Not Too Young to Run Bill’ thereby depriving the fundamental rights of the people to demand and youth participation in the electoral process; driven by passion, good governance and legacy.

This plea is neither a judgment nor an indictment; it does not detract or negate the power of the president, rather, a response from the entire youth of the federal republic of Nigeria who felt slighted by the statement of the No. 1 citizen who was elected to rectify the impending menace of the Nigeria economy, yet spent almost a year in office without a Cabinet at the detriment of the economy, spent several months traveling around the world on intensive health care without considering how to grow and invest in the Nigerian health sector, a sector that is predominantly driven by young medical doctors creating alternative means to tackle challenges that could have been prevented; this and many more industries the Nigerian youth playsa huge role in sustaining with their talents and skills. The youths of the Federal Republic of Nigeria deserves better.

We want to reaffirm that most of the Nigerian Youth are well-educated, driven by the will power to succeed, technologically driven, have a strong entrepreneurial spirit; skilled in creating alternative means of diversifying the economy, shown potentials in growing the knowledge economy through new global best practice independently and they’ve proven to be a power house for any willing and potential investor for possible projected returns.

Nigeria is our country and we hope to do all we can in helping to build, defend and sustain her unity, socially and economically, being able to compete for globally relevance.

 

McKelvin Jude Oseh CNS, PMIIM

Founder, YiPAfrica

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NCC Unveils Initiative To Combat Fraud, Spam Messaging

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The Nigerian Communications Commission has unveiled a draft regulatory framework aimed at addressing fraud, spam, and other challenges in the “Application-to-Person” messaging sector.

The telecom regulator made this announcement in a statement on Friday.

The proposed framework was introduced during a virtual Stakeholders’ Forum, a key step towards enhancing the sector’s integrity and ensuring a fair, transparent environment for all parties involved.

The draft framework, presented by the acting Head of Legal and Regulatory Services at the NCC, Mrs. Chizua Whyte, on behalf of the Executive Vice Chairman, Dr. Aminu Maida, seeks to regulate the A2P messaging space.

A2P messaging, used for notifications such as bank alerts, promotional campaigns, and government updates, has become a vital communication tool in Nigeria.

However, the sector faces significant challenges, including consumer protection concerns, fraud, and data privacy issues, as well as an unequal distribution of value within the ecosystem.

“The international A2P messaging space in Nigeria faces gaps that have led to issues such as fraud, spam, and data privacy concerns. These challenges threaten the sustainable growth of this communication tool,” the NCC said.

The regulator emphasised its commitment to fostering innovation while ensuring a secure, transparent environment for businesses, consumers, and service providers.

The proposed framework aims to address these challenges by protecting consumers, promoting fair competition, and holding service providers accountable.

“This forum marks a pivotal step towards addressing these challenges,” the NCC said. “We are here to engage with all stakeholders—operators, aggregators, businesses, service providers, and consumers—to refine the framework and ensure it meets the needs of the entire ecosystem.”

The NCC stressed the importance of inclusivity and collaboration in creating an effective regulatory environment.

The commission’s efforts are focused on promoting a sustainable A2P messaging ecosystem that enables business innovation, enhances communication efficiency, and supports Nigeria’s socio-economic growth.

Stakeholders were encouraged to provide feedback and contribute ideas during the forum to help shape the final framework.

The NCC reiterated its commitment to creating a regulatory environment that supports innovation while safeguarding the interests of all stakeholders in the A2P messaging sector.

For further updates, the NCC urged stakeholders to remain engaged throughout the regulatory process, stressing the importance of cooperation in shaping the future of A2P messaging in Nigeria.

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JUST IN: Oil Marketers Reduce Petrol Price By 11.8% To N939.50 Per Litre

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Oil marketers sourcing “Premium Motor Spirit”, “PMS”, also known as petrol, from the Dangote Petroleum Refinery have reduced the price by 11.8 percent to N939.50 per litre, down from N1,060 per litre.

As of Thursday, December 19, petrol was still being sold at N1,060 per litre in Lagos and surrounding areas.

However, by Friday, MRS, a leading marketer, along with others, had adjusted their prices, now selling at N939.50 per litre.

It’s worth noting that the Dangote Petroleum Refinery had earlier lowered the ex-pump price of petrol to N899.50 per litre, down from N970 per litre.

According to the refinery, this price reduction is intended to offer much-needed relief to Nigerians ahead of the holiday season.

Anthony Chiejina, the Chief Branding and Communications Officer of Dangote Group, made this announcement.

“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on “PMS” (“petrol”). From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM,” Chiejina said.

‘‘Furthermore, for every litre purchased on a cash basis, consumers will have the opportunity to buy another litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank.”

 

More to come…

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EFCC Allocates N18bn For Allowances, N5bn For Travels In Proposed 2025 Budget

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The Economic and Financial Crimes Commission (EFCC) has announced plans to allocate N18 billion for allowances in 2025.

This figure is part of the proposed 2025 budget currently under consideration and awaiting approval by the national assembly.

As per the appropriation bill, the EFCC’s total budget for 2025 stands at approximately N62.2 billion.

This budget includes personnel costs (N38.6 billion), overheads (N20.9 billion), and capital expenditure (N2.2 billion).

Within the allowance budget, N1.7 billion is designated for “non-regular allowances,” while “regular allowances” are set at N16.7 billion.

Other proposed expenditures for the EFCC include welfare packages (N1.4 billion), fuel and lubricants (N2 billion), financial charges (N1.2 billion), construction and provision of office buildings (N1.1 billion), and maintenance services (N2.1 billion).

The EFCC also plans to allocate N4.9 billion for “local travel and transport,” with “international travel and transport” expected to cost N1.7 billion.

The proposed budget includes N800 million for the purchase of fixed assets.

On Wednesday, President Bola Tinubu unveiled the N49.7 trillion 2025 “Budget of Restoration: Securing Peace and Rebuilding Prosperity.”

In his address to the national assembly, Tinubu stated that it was time “we rewrite Nigeria’s narrative together.”

The primary focus of next year’s budget will be the defence, infrastructure, health, and education sectors.

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