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Nigeria Faces Serious Revenue Challenges, Says Ahmed



Internal revenue
  • Nigeria Faces Serious Revenue Challenges, Says Ahmed

The newly appointed supervising Minister of Finance, Mrs. Zainab Ahmed, Monday revealed that Nigeria was facing serious revenue challenges.

She, however, promised that the ministry would do everything possible to shore up the revenue base of the country.

Ahmed was directed to oversee the Ministry of Finance by President Muhammadu Buhari after the resignation of former Minister of Finance, Mrs. Kemi Adeosun, on Friday.

While officially resuming for duties yesterday at the Ministry of Finance, she promised to work diligently to ensure that the country attains greater economic stability.

She said, “We have very serious revenue challenges and it is up to us to make sure we shore up the revenue base of the country.

“The president has a lot of confidence that we can do this if we work together. You are working for the president and at the end of the day; you’re working for the benefit of the citizens.”

The minister expressed her readiness to ensure harmonious working relationship with the permanent secretary and management of the ministry, whom she described as highly skilled.

She charged the management staff of the ministry to do all within their power to justify the confidence of the president in their ability to achieve a much needed economic turnaround in the country.

The minister, who arrived the ministry at exactly 9.27a.m., was ushered in with the familiar labour song, “Solidarity forever,” by leaders of the in-house labour union.

The unionists expressed their desire to cooperate with her while in the ministry.

Ahmed, who acknowledged their song, said, “We will work together.”

She was immediately escorted inside the building by the Permanent Secretary, Dr. Mahmud Isa-Dutse, and other directors.

At a meeting with staff shortly after, the minister told them that the country was currently undergoing a period of financial challenges.

She said, “I will work very well with you and especially the permanent secretary to ensure that we do all we can to ensure that President Buhari succeeds in his endeavours.”

Commending the staff for being core professionals, she said, “We know that you have been doing well but we will push ourselves to do more.”

Earlier in his welcome remarks, the permanent secretary had told the minister, “We have been operating as a team,” adding, “We are also ready to give the support to whoever comes as minister.”

He promised, “We will make sure that you succeed in the task that the president has assigned to you.”

Until the sudden resignation of the former finance minister over alleged certificate forgery, Ahmed was the Minister of State for Budget and National Planning.

She is a Fellow of the Association of National Accountants of Nigeria (ANAN), a member of the Nigerian Institute of Taxation and the Nigerian Institute of Management (NIM).

Until she joined the federal cabinet in 2015, she was the Executive Secretary of the Nigeria Extractive Industry Transparency Initiative (NEITI).

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Transcorp Hotels Expand into Marketplace, Launches Aura to Connect People, Hoteliers, Others



Transcorp hotel

Transcorp Hotels Plc, on Thursday, announced it has launched a new digital platform, Aura, through which people can book accommodation, restaurants and experiences.

Aura, Transcorp’s first in the alternative accommodation segment, is part of the company’s asset-light model, leveraging technology to deliver true hospitality, exciting experiences, and drive shareholder value.

It’s a new dawn in the hospitality industry! I am thrilled to introduce you to Aura by Transcorp, the digital platform we are using to connect people to quality accommodation, great food, and awesome experiences,” Managing Director and Chief Executive Officer of Transcorp Hotels Plc. Dupe Olusola said.

For more than 30 years, Transcorp Hotels Plc has been at the forefront of creating a superior guest experience at our locations. Today, our commitment to innovation has offered us an opportunity to extend this beyond the hotel premises,” Olusola added.

The launch of Aura by Transcorp is one of the most significant developments in the company’s history as it seeks to transform the travel and tourism industry in Africa by focusing on three important components of travel, whether for leisure or business — where you stay, what you eat and how you spend your time. With its people-driven hospitality model, Aura is set to revolutionise travel and help remind Africans of our deep history of hospitality.

Speaking on the launch of Aura, Obong Idiong, Chief Executive Officer at Africa Prudential Plc, Aura’s technology partners, expressed his excitement. “Finding the right accommodation when you travel can be incredibly complex. Options available for the right prices are often limited, and travellers sometimes end up with accommodation that taints the travel experience. Transcorp Hotels Plc has been able to fix that with Aura and we are proud to be associated with them.”

To ensure topnotch user experience, we built a solution to drive digital transformation through the adoption of shared living spaces for the Aura business. With an advanced search algorithm powered by artificial intelligence, Aura determines the relevance of locations taking into consideration, the customers’ preferences and requirements to meet them at the point of their needs,” Idiong added.

Priscilla Adeboye, a travel enthusiast and early adopter of Aura, said the global pandemic has pushed international travel down her list. “But I still want to be able to take some time off work or spend a weekend away from home with the family. I have found incredible homes on Aura that meet my need for space and privacy.


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Siemens Energy Nigeria Appoints Seun Suleiman as Managing Director




Seun Suleiman is the New Managing Director of Siemens Energy Nigeria

Mr. Seun Suleiman is the new managing director of Siemens Energy Nigeria, the company announced on Wednesday.

According to the statement released by the energy company, Suleiman will be responsible for the entire management of operations and decisions on business policies and corporate strategy.

Commenting on his appointment, Suleiman said, “It is an absolute honor to lead the business for Siemens Energy Nigeria and I look forward to delivering on the brand’s promise of excellence.

Suleiman joined Siemens Energy in 2014, bringing over 15 years’ experience and deep expertise in the private sector across Europe and West Africa.

The statement said, “He is an accomplished business strategist and success-driven leader with strong business acumen. Suleiman has also been a core member of the executive management team at Siemens Energy serving in roles as Sales Director West Africa – Service Distributed Generation Oil & Gas and Vice President Service & Digital.

“Prior to this, he also held various functional and managerial positions with ABB Ltd UK, ABBNG Nigeria, Schneider Electric Nigeria and Dresser-Rand Nigeria Ltd.

It added that Suleiman was experienced in establishing operational excellence with specific competence in the power, oil and gas sectors.

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FG Reopens Osubi Airport Warri for Daylight Operations




FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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