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Dogara, Reps Speaker Canvasses for Federal Competition Commission

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Yakubu Dogara, speaker of the House of Representatives, has said that the establishment of the Federal Competition and Consumer Protection Commission, passed by the House will help pull Nigeria out of recession.

According to a statement signed by Turaki Hassan,  his special adviser on Media and Publicity, Dogara stated that the two economic bills, Public Procurement amendment bill and Competition bill passed by the House are designed deliberately to midwife Nigeria out of recession.

“Competition regulation impacts positively on production of goods and services, they, in themselves, engender competition in an economy. Where you have an economy where key players, all players are not competing but colluding, there is no way that economy can deliver innovation because whether you compete or not, you can still sell your products with some kind of good profit, so you are not bothered about what goes on there,” he said.

Dogara maintained that for any market to deliver innovation, it must be competitive.

“The essence of this regulation, therefore, is to make our markets competitive in the sense that if you look at our markets, be it the telecommunications or the pay TV market, etc, consumers are dealing with a monopoly price and the reason is that there is no regulation guiding competition in our markets,” he added.

The Speaker stated that when established the commission will kick-start true competition in the market that may lead to lowering of prices and it will also have the capacity to engender innovation and make our markets competitive.

He also allayed fears that the Bill as passed by the House seeks to punish monopolies or those with considerable market power.

“That is not the essence of the Bill. As a matter of fact, some businesses are better carried out by a monopoly, but what the Bill seeks to achieve is to punish those who have powers of monopoly, or who have considerable market power in any given market, where they abuse that power,” he added.

The Speaker stated further , “If you act in a way that distorts competition in the market, whether you are a monopoly or not, you will be punished and on Consumer Rights, it proposes that anyone who contravenes any consumer rights commits an offence and is liable upon conviction to imprisonment of a term not exceeding five years or the payment of a fine not exceeding ten million naira (N10m).”

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ATCON, Instinct Wave Launch 5th TERF, Industry Awards

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The Association of Telecom Companies of Nigeria (ATCON) and InstinctWave have launched this year’s edition of Telecoms Executives and Regulator Forum (TERF) and the maiden edition of Nigeria Tech Innovation & Telecom Awards (NTITA).

The forum, scheduled to hold on the 10th of November at the Lagos Oriental Hotel is the biggest and the most important forums for regulators and policy makers in Nigeria ICT sector. The Awards, NTITA holds at the same venue on the 11th of November.

In its fifth year, TERF has not failed to attract high-level participants from regulatory authorities and technology stakeholders; TERF is an excellent platform for discussion on common policy and regulatory issues in the telecom and technology sector.

The forum will provide stakeholders with the understanding and knowledge of current policies, regulatory best practices, information on emerging issues and chart the way forward in proving an enabling and sustainable environment for the growth of the most important sector in Africa.

In the same vein, Nigeria Tech Innovation & Telecom Awards promises to be a memorable one and the gala night will excite the industry in a fashionable manner.

The reputable awards under the umbrella of ATCON and powered by InstinctWave, Africa leading B2B event organizer promises to showcase vibrancy in the sector.

Winners will be announced to an audience of Nigeria’s most influential ICT and business decision-makers at a sumptuous evening of fine dining and entertainment.

Mr Olusola Teniola, president of ATCON said the forum will discuss and share best practise on moving the industry forward while the awards, has been designed to re-define how excellence in the ever growing ICT services in Nigeria is recognised.

“If we keep honouring innovation and excellence we will be surprised that there will be an unprecedented growth not only in this sector, but generally.

According to Mr Akin Naphtal, CEO, InstinctWave, the Forum and Awards will bring together industry experts that have contributed excellently to the growth of ICT sector.

“If you are an award winner, there is no better place to gain an endorsement of your success and highlight your company’s achievements, he added.

The night will also provide an exceptional opportunity for stakeholders to network, entertain clients, and reinforce relationships with partners and reward staff with exceptional performances.

NTITA has an independent panel of industry experts as judges, will recognize organizational performances, products and services, innovations, executives and management teams, women in ICT, and successful deployed CSR Initiatives.

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ACT Foundation Partners Cancer Aware to Screen Over 300 Women

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By Peter Oluka
In line with our vision to mitigate against the spread of cancer in Nigeria, Nigerian’s grant-making non-profit organization, Aspire Coronation Trust (ACT) Foundation has partnered with one of its grantees, Cancer Aware to sensitize residents of Mushin Local Government Area of Lagos on breast cancer.

The sensitization exercise which held recently enabled over 300 residents of the community to be educated on the symptoms of breast cancer as well as the opportunity to be screened by medical officers.

Commenting on the exercise, Ndifreke Okwuegbunam, head, Programs, ACT Foundation, highlighted on the importance of breast cancer screening for women. She said “Breast cancer is one of the most common cancers that affect women all over the world. We are aware of the invaluable role women play not only in our homes but in our society at large. And so today we have come to support our grantee, Cancer Aware to bring information about this deadly disease to the women of Mushin Community”.

Mrs. Okwuegbunam also noted that asides the health sector, ACT Foundation is also passionate about entrepreneurship, environment and leadership, as these key sectors will help provide a holistic approach in creating a better world for all.

Speaking at the event, Hon. Emmanuel Bamigboye, the executive chairman, Mushin Local Government Area (LGA), expressed his appreciation to ACT Foundation and Cancer Aware for supporting the government in safeguarding the health of people in Mushin LGA. He called on all women to avail themselves of the opportunity to get screened and protect themselves.

Also speaking about the initiative, Tolu Falowo, executive director, Cancer Aware, expressed her gratitude to ACT Foundation for supporting this laudable project of sensitizing as well as screening residents of Mushin community on breast cancer. She also thanked the Mushin Local Government for the support they provided in making the day a reality.

She said “Cancer Aware is committed to fighting against the spread of breast cancer in Nigeria, this we do through sensitization and screenings because we understand the importance of early detection. We cannot do this alone and so we are calling on the government as well as corporations and well-meaning Nigerians to join us to eradicate the prevalence of breast cancer in Nigerian women.

The sensitization exercise which gathered over 300 women entailed checking of vital signs education on breast cancer, symptoms, care and screening by trained personnel. Attendants also used the opportunity to asked trained medical personnel questions about this menace that is eating deeply into our society.

Cancer Aware is one of the 22 Non-Profit Organisations that benefitted from the 2017 ACT Foundation grant.

Aspire Coronation Trust Foundation is a grant making non-profit established to support local, national and regional non-profits working to address challenges and associated vulnerabilities in the African continent.

(L-r): Olumide Emeralds, monitoring and evaluation officer; Alexandra Bazuaye, communication officer, both from ACT Foundation, and Project Team Lead, Cancer Aware at the breast cancer sensitization exercise in Mushin recently.

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John Momoh To Deliver Keynote at 2nd Fate Alumni Conference

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By Peter Oluka
Fate Foundation; the premier not-for-profit organization promoting business and entrepreneurial development in Nigeria, said it has perfected all arrangement for the second Annual Alumni Conference holding in Lagos next week.

The Annual Alumni Conference (AAC) is a platform for Fate Alumni and other Micro, Small and Medium Enterprise entrepreneurs to learn from entrepreneurial leaders and influencers sharing knowledge about key topical areas to grow and thrive as entrepreneurs while also giving them an opportunity to network and connect with one another.

John Momoh, the founder and executive chairman, Channels Television Networks, is confirmed to deliver the Keynote address on the theme: Unlocking the Growth potential of MSMEs through Partnerships and Innovation, to build on the success of the inaugural edition and foster a sense of community and tradition.

The Syndicate Sessions will feature distinguished speakers such as the Founder and Chief Executive Officer, House of Tara, Tara Durotoye, Partner, Risk Consulting Practice, KPMG, Tomi Adepoju, Founder, Chicken Republic, DejiAkinyanju, Chief Executive Officer, Mall for Africa, Tope Folayan, Co-Founder & Director, AACE Foods, NdidiNwuneli, and Principal Consultant, ADSRAT Branding Management Consortium, Charles O’Tudor. Others eminent speakers include Founder and Chief Responsible Officer, Ruff ‘n’ Tumble, Adenike Ogunlesi,Chief Executive Officer, Food Chain Limited, FoluAfricanfarmerMogaji, and Chief Executive Officer, Brandzone Consulting LLC, ChizorMalize and Lead Consultant, Thistle Praxis, Ini Abimbola.

Speaking on the Alumni Conference, Executive Director, Fate Foundation, Adenike Adeyemi, said, “Following the success of the maiden edition of the conference last year, we secured a larger space this edition so even more entrepreneurs can benefit from our line-up of experienced entrepreneurial leaders and industry experts who will be speaking at the conference.

“This year’s syndicate sessions will focus on Access to Markets; Brand Management; Agribusiness and Sustainability. New to the conference this year is the Consulting Bar; an extension of the monthly Fate Consulting Clinic, where our alumni business men and women can have one-on-one access to expert advisory support for a period of 30 minutes each”.

She added that, “Given the success of our free monthly Consulting Clinic sessions, we have invited specific institutions that provide and/or are relevant to MSMEs advisory in the following need areas: Legal; Tax; Finance; Human Resources (HR); Digital Marketing Strategy; Communications; Sustainability; Financial Software and Credit Rating”.

Fate Foundation was instituted in 2000 by Founder & Pioneer Managing Director, Guaranty Trust Bank, Fola Adeola,with a mission to foster wealth creation by promoting business and entrepreneurial development among Nigerians.

Since its inception, Fate Foundation has graduated over 5,200 entrepreneurs from its Aspiring, Emerging and Special Entrepreneurs’ Programmes and trained over 40,000 Nigerians in its short entrepreneurship Certificate courses.

Fate Foundation has also enabled over 72,000 Nigerian youths on the path to entrepreneurship. About 65% of its Alumni are actively running their businesses and most are beneficiaries of Fate’s Business and Alumni Support Services.

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