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Gov.Udom Receives Post COVID-19 Economic Committee Report

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Governor Udom Emmanuel of Akwa Ibom State has received the report submitted by the 20-member committee put together by his administration to reposition the state for the post COVID-19 economy.

 

The report was submitted on Tuesday, June 9, 2020 at an event which had in attendance the governor and members of the State Executive Council.

 

The committee which had Prof. Akpan H. Ekpo, a former Director General of the West African Institute for Financial & Economic Management (WAIFEM) as Chairman and Prof Emmanuel Onwioduokit, HOD, Economic, University of Uyo as Secretary; also boasts a number of prominent entrepreneurs including Leo Stan Ekeh, Chairman, Zinox Group; Udom Inoyo former Executive Vice Chairman of ExxonMobil as well as other eggheads from the corporate and academic circles as well as seasoned administrators in its fold.

 

The 142-page report was divided into nine chapters, each of which addressed specific areas of interventions or terms of reference on what should be done in rejigging and restructuring Akwa Ibom state to navigate the post COVID-19 world.

 

Equally important, the report was classified into three different time frames, namely the immediate, short term and long term interventions.

 

They include mental orientation of the people, especially the youths; focus on agriculture, industry and service as potential mainstay of the Akwa Ibom economy in a post COVID-19 world without oil; massive efforts to continue the industrialization process in the state, increased participation of the youth in the economy and stamping out of cultism/other criminal activities in the state; completion of the Science Park to serve as a Silicon Valley of sorts for Akwa Ibom state as well as for job creation and improvement of Internally Generated Revenue (IGR); massive investment in infrastructure; re-visitation of the state’s waterways transportation; full autonomy for the state’s internal revenue board by disengaging it from the public service and the establishment of clear targets for it; recapitalization of state-owned financial institutions such as the Akwa Saving & Loans Ltd. and provision of credit facilities for low-income housing for residents; set-up of an independent data generation institution to aid the state’s planning purposes; inauguration of an Economic Advisory Council to assist in the conceptualization, formulation and implementation of government policies; establishment of a Reserve Fund to see the state through lean periods; recommendation of an exit plan for the state’s commercial ventures; identification of low-hanging fruits that the state can immediately take advantage of and the creation of a 30-year strategic development plan to be passed into law in the state.

 

Receiving the committee’s report, Governor Udom heaped praises on the members of the committee for completing its work within the one-month time frame outlined.

 

Specifically, he singled out two non-indigene members of the committee – the Zinox Chairman, Dr. Ekeh and Prof. Vincent Anigbogu, Director-General, Institute for National Transformation –   for special praise.

 

‘‘On behalf of the good people of Akwa Ibom State and the Executive Council, I want to appreciate the members of this committee, beginning from the Chairman, Prof. Akpan Ekpo, the Secretary, Prof Emmanuel Onwioduokit and most especially those our brothers, Prof. Anigbogu, Leo Stan Ekeh and our sister Mary of the Securities and Exchange Commission, as busy as she’s been who still created time to serve her state irrespective of her busy schedule.

 

‘‘I really want to appreciate all of them specifically and convey the gratitude of our own people.

 

“I want to say we are grateful to Prof. Anigbogu, to Leo Stan Ekeh and all the Akwa Ibomites who have served on this committee.’’

 

Reacting to the recommendations of the committee, the Akwa Ibom Governor disclosed that his administration will implement every single one to the letter.

 

He also commended the innovative ideas for repositioning the state and empowering the youths through ICT, even as he welcomed the idea of mental re-orientation.

 

‘‘The only way forward and the fastest approach; I believe when I read your report, I will see as one of the low-hanging fruits, is to drive our youths through ICT.

 

“For this, we have to work with our brother, Leo Stan Ekeh, a friend of the state, who in fact, we must give a local government which he will adopt as the one he hails from in Akwa Ibom; so that he can help us drive the aspect of youths and ICT.’’

 

Referencing the growth of platforms such as Zoom, Microsoft Teams and Netflix, the governor affirmed that COVID-19 had created a number of business opportunities for people through ICT, noting that a lot more are coming.

 

‘‘I wouldn’t want Akwa Ibom to be left behind,’’ he declared.

 

On the 20-year strategic development plan for the state, Udom expressed excitement with the recommendation.

 

Also, he stated that the Executive Council was working on a similar proposal, noting that the proposal had undergone two reviews.

 

Subsequently, he assured of his commitment to conclude the economic plan as quickly as possible.

 

Equally important, he revealed the immediate set-up of a five-member implementation committee headed by the committee Chairman, Prof. Ekpo to see to the immediate execution of the report submitted by the committee.

 

Others include the Secretary, Prof. Emmanuel Onwioduokit; former Executive Vice Chairman, ExxonMobil, Mr. Udom Inoyo; Commissioner of Agriculture, Dr. Glory Edet and Hon. Eno Uwan.

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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TEDxPAU 2024: Exploring New Possibilities and Shaping Tomorrow

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TEDxPAU 2024 brought together some of the brightest minds and boldest voices on November 16th at the Honeywell Auditorium, Lagos Business School. With over 500 attendees eager to explore new possibilities, the event’s theme, ‘Shaping the Future,’ set the tone for a day filled with inspiration, reflection, and transformative ideas.

The day opened with a TED talk by TED founder Chris Anderson, followed by welcome remarks from the Vice-Chancellor of Pan-Atlantic University, Prof. Enase Okonedo. She encouraged the audience to embrace the theme, saying, “The future is now, and it is up to all of us to join hands to shape tomorrow.”

The sessions featured inspiring talks from visionaries like Akose Enebeli, who emphasized sustainable urban living by “building upwards instead of outwards,” and Goodnews Igwe, who stressed that creating value is key to success.

Temitope Runsewe championed Africa’s family values as a foundation for economic recovery, describing family businesses as “the future of Nigeria.” Prof. Fabian Ajogwu, SAN, advocated for affordable education to drive literacy and digital skills, while Michael Oluwagbemi sparked intrigue with his bold statement that “CNG is the new garri,” promoting energy innovation.

Ziad Maalouf shared leadership insights, underscoring personal growth as the key to scaling success.

Adesuwa Ifedi, Senior Vice President at Heifer International, spoke about the significance of scaling innovation from the inside out, urging organizations to embrace change-driven solutions. Dr. Peter Bamkole, Deputy Vice Chancellor of PAU, described entrepreneurship as “a catalyst for systemic change,” calling for the transformation of problems into solutions with far-reaching impact.

Dr. Cosmas Maduka, who shared his journey from adversity to global success, inspired the audience to embrace their gifts and believe in limitless possibilities.

The event ended with a fireside chat between TEDxPAU organizer Bella Victor and Dr. Maduka, who spoke about the importance of legacy and purpose. He encouraged attendees to see themselves as part of Nigeria’s solution and to embrace both the challenges and triumphs of the country’s journey.

Beyond the talks, TEDxPAU 2024 captivated attendees with musical performances, a spoken word piece, and a high-energy dance performance by different talents from the university.

The event also recognized its sponsors and volunteers, thanking them for their critical role in making the day a success.

In his closing remarks, Bella Victor expressed heartfelt gratitude, stating: “TEDxPAU was founded with the goal of giving back to this incredible school and creating a 360-degree impact—supporting our students, raising awareness for our school, and giving innovators a platform to reach a global audience. It’s inspiring to see how this event has grown and how each of you have played a part in that mission today. I thank our speakers, sponsors, volunteers, and every attendee who believed in this vision. Together, we are shaping the future.”

Attendees also enjoyed networking opportunities during breaks, sponsor exhibitions, and a private lunch for VIP ticket holders, who engaged in deeper conversations with the speakers about shaping tomorrow.

TEDxPAU 2024 once again reaffirmed its commitment to “ideas worth spreading” and left attendees inspired to take action. For recordings of the event and updates on future editions, stay tuned.


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Head of Civil Service Celebrates 100 Days in Office with the Launch of Galaxy Backbone’s “Govmail”

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In a landmark moment for Nigeria’s public service, the Head of Civil Service of the Federation, Mrs. Didi Esther Walson-Jack, OON, MINI, today marked her 100 days in office and officially launched three digital services platforms for the Civil Service.

These include, Govmail, ServiceWise GPT and the Federal Civil Service Online Portal. These platforms, underscore President Bola Ahmed Tinubu’s administration’s commitment to enhancing digital governance and driving innovation across the nation’s Federal Civil Service.

Govmail, an email platform developed and powered by Galaxy Backbone (GBB) is an innovative solution set to enhance communication, boost efficiency, and accelerate Nigeria’s digital transformation journey within the public sector.

Speaking at a meeting where the Govmail Interface was first officially presented and demonstrated to her, the Head of Civil Service expressed her excitement about the platform, stating, “GBB’s Govmail is unbelievably WOW!

This is a game-changer for our nation’s civil service, streamlining communication and creating a secure path to other government digital services. With Govmail, we are truly embracing the future of digital governance.”

Govmail is a secure, Nigeria-centric email platform designed by a team from Galaxy Backbone, exclusively for public service professionals. It ensures that all official communication are seamlessly managed while safeguarding Nigeria’s data sovereignty. The initiative emerged as a key outcome of the Digitalisation War Room, established by Mrs. Walson- Jack, to drive the implementation of cutting-edge digital solutions in government.

Commenting on this milestone, Professor Ibrahim A. Adeyanju, Managing Director/CEO of Galaxy Backbone, shared, “We are immensely proud to have developed this revolutionary platform, ensuring that every Nigerian civil servant has access to a robust and secure communication channel.

Govmail is not just about email—it’s about enabling productivity, efficiency, and sovereignty in governance. Galaxy Backbone remains committed to driving the digital transformation of Nigeria’s public sector.”

The Permanent Secretary, Federal Ministry of Communications, Innovation & Digital Economy, Engr. Faruk Yusuf Yabo emphasized the strategic importance of the Govmail for the nation’s Civil Service stating that “Govmail significantly reduces the government’s reliance on foreign email platforms, cutting costs and addressing licensing challenges. This is a commendable achievement by the Head of Service and the leadership of Galaxy Backbone.”

Through GBB’s dedicated efforts, Govmail will rapidly roll out email accounts to over 70,000 Federal civil servants across Nigeria, ensuring every government professional is equipped with a secure communication platform in record time. This initiative aligns with Nigeria’s goal of leveraging technology to build a digitally driven and globally competitive public service.


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Senate Approves New $2.2Bn External Borrowing for Nigeria

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The Senate has approved the new external borrowing plan request of $2.2 billion presented for consideration by President Bola Tinubu.

Senate Approves New $2.2Bn External Borrowing for Nigeria

The approval followed the adoption of the report of the Senate Committee on Local and Foreign Debts at the plenary session on Thursday.

The report was presented by the Sen. Aliyu Wammako, chairman of the Committee.

President Bola Tinubu had on Tuesday, Nov 19, in separate letters to both chambers of the National Assembly, requested approval of a $2.2 billion external borrowing plan to part fund the N9.7 trillion deficit in the 2024 budget .

Senate upon receipt of the request, mandated its committee on local and foreign debts to expeditiously ensure further legislative inputs on the request and report back within 24 hours.

Presenting the committee‘s report, Wammako said the presidential request was very necessary for approval.

He said the loan request would be utilised for execution of ongoing projects and programmes in the 2024 appropriation act , saying that the projects were critical for national growth and development.

“It will contribute to the implementation of the debt management strategy, which seeks to reduce the cost of borrowing.

” It will lengthen maturity of the public debt stock, free – up space in the domestic market for other borrowers, and help increase Nigeria’s external reserves .” Wammako said Nigeria could raise all or part of the 2.2billion dollars through the issuance of Eurobonds in the International Capital Market ( ICM) .

Wammako thereafter is recommended as follows:

“That the Senate do approve the implementation of the new external borrowing of 2.2 billion dollars at the budget exchange rate of one dollars to N800 in the 2024 appropriation act and that the amount should be raised from one or more sources.

“Namely, issuance of eurobonds in the ICM, issuance of debut sovereign Sukuk in the ICM, and bridge, syndicated loans, subject to market conditions.”

The report was thereafter unanimously approved via an affirmative voice vote.

In his remarks after the approval, Senator Jibrin Barau, deputy president of the Senate, who presided plenary, commended the Wammako led committee for a job well done.


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