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Udoma Inaugurates NBS Board, Warns Against Interference



  • Udoma Inaugurates NBS Board, Warns Against Interference

The Federal Government on Thursday inaugurated the governing board of the National Bureau of Statistics.

The inauguration was done by the Minister of Budget and National Planning, Senator Udo Udoma.

Udoma told the board members that they should see their appointments as a call to national service, adding that the NBS was critical to the implementation of the Federal Government’s economic agenda.

He warned members of the board against interfering in the day-to-day operations of their respective agencies, adding that such task should be left to the chief executive of the NBS alone.

He urged the board members to come up with innovative policies that would support the mandate of the NBS in supporting the diversification of the economy.

The minister charged the new board to work in harmony with the management of the bureau to achieve its goals, especially considering the important role that the NBS plays in nation building

He pointed out that the roles and responsibilities of the Governing Boards of Parastatals and Agencies as provided in their respective establishment Acts were quite distinct from the day-to-day administration of parastatals and agencies under the leadership of chief executives who double as accounting officers.

The minister stated that strict adherence to statutory provisions by both parties would enhance harmonious relationship devoid of bickering and other unhealthy occurrences.

He said, “Considering the important roles that the NBS plays in nation building, the need for a supportive Governing Board cannot be over-emphasised.

“However, it is important to point out that your appointment is on a part-time basis. You are required to work with the management of the NBS to determine its mission and long-term strategy roles and responsibilities, and develop strategies to promote sustainable and cost-efficient activities of the bureau.

“Full details of your duties and responsibilities are prescribed in the enabling Act of the NBS, which will be handed over to you at the end of the inauguration ceremony. I urge you to become familiar with it.

“Let me restate that the roles and responsibilities of the Governing Boards of Parastatals and Agencies as provided in their respective establishment Acts are quite distinct from the day-to-day administration of Parastatals and Agencies under the leadership of chief executives who doubles as accounting officers.

“Strict adherence to statutory provisions by both parties will enhance harmonious relationship devoid of bickering and other unhealthy occurrences.”

The Chairman of the Board, Dr Kabiru Nakaura, commended the president for the appointment and appreciated the minister for the inauguration.

He pledged the willingness of the Board to discharge its responsibilities creditably.

The 15-member governing Board comprises six political appointees and nine institutional members. The Statistician-General of the Federation, Dr Yemi Kale, will serve as Secretary.

The other members are Prof Moses Momoh, Mr Adam Modu, Mr Akinola Bashiru, Chief Paul Chukwudi, and Mr Wallijoh Ahijoh.

The institutional members are Minister of Budget and National Planning, Governor of the Central Bank of Nigeria, Minister of Finance, Minister of Education, Minister of Agriculture, Group Managing Director of the Nigeria National Petroleum Corporation, President of the Manufacturers Association of Nigeria, President of the Nigeria Statistical Association and the Chief Executive Officer of the NBS.

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.

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Farmforte, Others Signs MoU To Strengthen and Sustain Growth in Agricultural Sector



Farmforte - Investors King

Farmforte Limited has signed a strategic Memorandum of Understanding with the Agricultural Fresh Produce Growers and Exporters Association of Nigeria; HYBR, a pan-African innovation firm; and ALTS, a consulting and strategy development firm.

The firm said in a statement on Sunday that the partnership would strengthen common interest cooperation and stimulate inclusive and sustainable growth within the agricultural sector, by capitalising on the synergy and comparative advantage offered by each organisation.

Speaking during the signing ceremony, Farmforte Co-Chief Executive Officer, Osazuwa Osayi, said, “Our mid to long-term strategic goals are further reaffirmed, as this partnership will facilitate the sharing of knowledge, ideas, and expertise across the agricultural sector.

“We will collectively address initiatives and approaches concerning agricultural investments, food security, and the overall robustness of the value chain.”

He said the collaboration would also unlock the full potential of the sector and place it on a renewed path for success, especially within a post-pandemic economy.

The President of AFGEAN, Tajuddeen Dantata, said, “By creating dialogue and fostering investment in the horticulture sector, this partnership will endeavor to support Farmforte in its exporting efforts by improving operational efficacy and cost-savings, while ultimately driving socio-economic growth in the country.”

The Chief Executive Officer, HYBR, Charles Ojei, said to drive inclusion, sustainability, job creation, and Nigeria’s overall economic growth, the optimisation of the agriculture value chain was critical.

“This collaboration is a fusion of the complementary capabilities of all partners to move a bigger agenda forward.”

The Managing Partner, ALTS, Akintunde Sawyerr, said, “The goal of this partnership is to support Farmforte’s vision of becoming the largest agribusiness by 2035 via scalable and world-class innovation across its enterprise.”

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OctaFX Launches Dual Life Campaign



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International Forex broker, OctaFX has launched a socially conscious marketing campaign called Dual Life aimed at simplifying forex trading and helping Nigerians create wealth.

A statement by the organisation on Monday said that the marketing campaign would celebrate the superpowers of Nigerians who committed their time and efforts to two or more jobs and were successful at each one of them.

It stated that the #DualLifewithOctaFX campaign had influencers in the Nigerian lifestyle and entertainment space such as Toke Makinwa, Bovi, Denola Grey, Timini Egbuson, and others at the core of the engagements, establishing the other sides of the celebrities and influencers as entrepreneurs.

While speaking about the campaign, the Marketing Manager, EMEA, OctaFX, Ali Nwadike said, “We wanted to position forex trading as that activity young Nigerians and everyone else, can engage in, even while focusing on their careers.

“From findings, most young Nigerians today work two or more jobs to pay the bills and attain financial freedom. But, we don’t get to talk about this often or appreciate the efforts, hence the #DualLifewithOctaFX campaign.

“While some see their jobs as a burden, we want people to see it as an achievement; and promote the school of thought that says one, two, many jobs is not bad especially when you are trying to create wealth.”

Nwadike added that more Nigerians would be exposed to the beauty of keeping their regular jobs and careers while making more money from forex trading with the OctaFX Trading App.

The statement also affirmed that OctaFX had made necessary arrangements from assembling forex experts and compiling training guides in the simplest and relatable form.

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AfDB Appoints Dr. Beth Dunford as Vice President



African Development Bank - Investors King

The African Development Bank Group (AfDB) has announced the appointment of Dr. Beth Dunford as its Vice President, Agriculture, Human and Social Development. The appointment becomes effective from July 1, 2021.

A statement explained that Dunford, a national of the United States of America, brings extensive experience to this role. She has held senior-level leadership positions in the US government, where she managed large and complex programs, working with the private sector, civil society, and multilateral and bilateral institutions, as well as with African governments, to deliver agricultural, social and human development impact at scale.

Prior to her appointment, Dunford worked as the Assistant to the Administrator in the U.S. Agency for International Development’s (USAID’s) Bureau for Resilience and Food Security, as well as the Deputy Coordinator for Development for Feed the Future, the U.S. government’s global hunger and food security initiative.

“In this dual role, she coordinated Feed the Future across multiple U.S. government agencies, oversaw a $1 billion annual budget and leveraged millions of direct private sector investment annually. In this capacity, she also coordinated a $2.3 billion Feed the Future presidential initiative across 11 US government agencies and forged partnerships within the private sector and civil society targeted at reducing hunger and poverty.

“She also led USAID’s technical and regional expertise focused on improving agriculture-led growth, resilience, nutrition and water security, sanitation and hygiene,” the statement added.

President of the African Development Bank, Dr. Akinwumi Adesina said he was delighted to appoint Dunford as Vice President to lead the Bank’s work on Agriculture, Human and Social Development.

“Beth is a strategic and effective leader with deep knowledge and impressive track record in designing and delivering highly impactful large-scale programs that have helped in lifting 27 million people out of poverty in 36 countries,” he added.

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