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FG Sacks All Civil Aviation Directors

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Federal government has sacked 10 directors in the Nigerian Civil Aviation Authority (NCAA), with immediate effect. The Ministry of Transport on Friday approved the sack.

Mr Sam Adurogboye, general manager, Public Relations, NCAA, confirmed the development in Lagos.

“It is true that the directors have been disengaged but I don’t have details of the reasons given for the action by the ministry,” he said.

Investigations revealed that a total of 10 directors were sacked after the approval was given to the ministry by the government.

The directors affected by the purge were: Alhaji Salawu Ozigi (Director of Finance and Accounts), Dr Joyce Nkemakolam (Director of Aerodrome and Airspace Standards), Mr Aba Ejembi (Director of Administration) and Mr Emmanuel Ogunbami (Director of Licensing).

Others are: Mr Benedict Adeyileka (Director of Airworthiness), Mr Justus Wariya (Director of Air Transport Regulation), Alhaji Adamu Abdullahi (Director of Consumer Protection), Capt. Ayodele Sasegbon (Director of General Aviation), and Mr Austin-Amadi Ifeanyi (Director of Human Resources).

The affected directors were immediately ordered to handover to the next in command in their various directorates, who will in the interim take charge of activities in their directorates.

With the sack of the directors, it is only the Director-General, Capt. Muhtar Usman, that remains in the saddle of the regulatory agency.

The government had on October 12, 2016 sacked and demoted 22 directors and general managers of the Federal Airports Authority of Nigeria (FAAN).

The restructuring was based on the recommendations of the Presidential Committee chaired by the Head of Service of the Federation, Mrs Winifred Oyo-Ita.

The Minister of State for Aviation, Sen. Hadi Sirika, had said the restructuring would be extended to the NCAA and the Nigerian Airspace Management Agency (NAMA) which were also currently overbloated.


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Coronation Report Reveals Key Role of Private Sector to Nigeria’s Infrastructure Funding

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The maiden edition of Coronation group infrastructure report has revealed that the private sector has a critical role to play in infrastructure funding in Nigeria.

The report stated that the key to private-sector infrastructure investment is for dealmakers to structure transactions that offer attractive returns combined with an acceptable degree of risk, the risk often being eased by agreements supplied by infrastructure investment vehicles such a Infracorp.

The report said that the investor base can play its part, providing liquidity as part of its own efforts to create long-term returns with low relationship with public markets.

The report noted that Nigeria’s future infrastructure development depends on private capital, including capital allocated to Public Private Partnership (PPP) ventures, given the huge amounts of money required and the inability of government to provide it.

The report explained that the record of the federal government in capital expenditure over several decades highlighted the need for increasing private-sector investment, adding that public expenditure on transportation, education, hospitals, power, housing, and other essential infrastructure has not kept up with the needs of a population growing at a long-term rate.

The report said Public-private partnership differs from government capital expenditure in that it must pay for its capital, noting that it must attract private sector capital and therefore provide better returns than the risk-free returns of government debt.

According to the report, “Inflows of petro-dollars into government coffers did not translate into proportionately more being spent on capital expenditure, surely a missed opportunity. Still worse was to follow in the period 2011-2020 when the average level of public sector capital expenditure fell to 1.1 percent of Gross Domestic Product (GDP).”


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DLM Asset Management Set to Host Webinar to Discuss Financial Stability in Times of Economic Distress

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DLM Asset Management Limited, a subsidiary of DLM Capital Group, is hosting a webinar with the theme, “Maintaining financial stability in times of economic distress.” The much-awaited webinar, slated for Thursday, March 28, 2023, at 11 a.m., is going to cover the essential strategies to navigate through economic challenges and safeguarding one’s financial future.

Hosted by industry experts, the webinar will delve into the following key topics and teach attendees:

  • How to adopt a proactive, knowledgeable, and adaptable approach to risk assessment and mitigation.
  • How to thrive in this present economy and remain financially resilient.
  • Financial planning and discipline

During its interactive Q&A session, attendees will have the opportunity to ask questions and learn more about the subsidiary’s services from the hosts and speakers of the webinar. This includes the DLM fixed income fund, which Nairametrics identified as one of the top-performing Nigerian mutual funds in 2023.

This webinar is designed for investment savvy individuals Income earners, institutional and corporate investors, high net worth individuals, and the mass retail market.

Interested parties can register for the webinar by using this link, which is currently active. Seize the opportunity to gain experience on insightful things and get ready for a rewarding encounter.

 


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Firm Canvasses Affordable Technology to Drive Business Efficiency

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Information Communication Technology (ICT) service provider, Thamani Consulting, has stressed the need to make technology much affordable so as to make businesses seamless and efficient.

Olubunmi Abegunde, Managing Partner of the company, averred that making technology access affordable would enhance its penetration and increase uptake of digital technologies to drive employment growth of more than 22 million Africans joining the workforce each year.

He explained that the organisation remained committed to empowering businesses to thrive in Nigeria’s dynamic environment, hence churns out innovative solutions to address business problems across disciplines.

“Leveraging 20 years of combined market experience executing successful IT Projects with local and multinational organisations, we aim to capitalise on this to improve strategic utilisation of technology in Africa and support capacity building through access to requisite information technology,” he said.

He explained further that the African region more than others need increased usage of digital technologies to level-up globally, noting that polices to drive low-end technology access must be prioritised.

“This is why we do not compromise the balance of quality, standard professionalism and yet affordability in the choice of solutions we offer to clients which include: SAP training and Implementations, Software Asset Management, Plant Maintenance Process Automation and Automation for manufacturing Industries, amongst others.”


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