Vanguard Newspaper 13042018
18 — Vanguard, FRIDAY, APRIL 13, 2018 An estimated 445,000 people (mostly pregnant women and children aged below five) die every year from malaria. Africa accounts for over 90 per cent of global malaria cases and deaths, and records economic losses to the tune of $12 billion per year in direct losses, including 1.3 per cent loss in annual GDP. According to the Roll Back Malaria Partnership, RBMP, Nigeria is the highest malaria-burden country, accounting for 27 percent of global malaria cases and almost a third of related deaths. Malaria is a risk for 97 per cent of the Nigerian population and contributes to an estimated 11 per cent of maternal mortality. April is set to be a crucial month in the fight against one of the world’s oldest and deadliest diseases as political and business leaders, scientists and activists unite to beat malaria at various Let’s end malaria for good events worldwide. This year marks the 10th World Malaria Day, on April 25, an internationally recognised day to shine the spotlight on the global efforts to prevent, control and end malaria. Part of the continued call for leaders to “unite and fight” malaria, ahead of the Commonwealth Heads of Government Meeting, CHOGM, being hosted in London, is the Malaria Must Die campaign, a global effort backed by a wide coalition of organisations and celebrities. Nigeria is keying into the global action being taken in view of the World Malaria Day. Among these is the End Malaria World Festival planned for April 24-25 in Port Harcourt, Rivers State. But the malaria fight is at a crossroads and if the world does not seize the moment now, hardwon gains against the disease may be lost. The world needs to beat malaria for several reasons. Since 2000, 11 countries have successfully eliminated malaria. Malaria-related deaths have been cut by more than half, saving nearly seven million lives. However, child deaths through malaria are still too high. After a decade of progress, malaria cases have increased for the first time, and funding for treatments and prevention has become static. In 2016, malaria cases rose for the first time in a decade and there were 216 million cases and 445,000 deaths. As we come together as a global community to renew political commitment, step up funding, speed up scientific innovations and spur citizen and community action, high malaria-burden countries like Nigeria must step up too. From the highest political level down to local communities, Nigeria must ensure a renewed attention and commitment towards ending malaria for good. With renewed focus and commitment, this could be the generation to end one of the oldest and deadliest diseases in human history. The world is ready to beat malaria. Nigeria must also be ready. OPINION By Ekanpou Enewaridideke That Pele we know (2) Continued from yesterday FOR those stung by Pele’s hysterical narrative on Tompolo, they should remain philosophical because the man in question is fittingly the acetylcholineterase in human interactions and cohesion, the objectionable hydrolysis in the business of societal growth, transformation and development whose congenital contraction of the virus of verbal schizophrenia has become the destabilizing force in social interaction, integration, dialectical engagement and evolvement of problem-solving mechanism as the plinth for societal transformation. Pele about whom divergent theories have been formulated was my vibrant and academically invincible classmate at Ayakoromo Grammar School in 1994 whose regrettable bedevilment was an irreconcilable chasm between his promisingly radiant academic voyage and his behavioural theatrics, producing in him today a great lawyer who is a master at image-mangling narratives on personalities. Because this pitiable karmic bedevilment followed him ubiquitously like ‘kwashiorkor, The unforeseen camp-follower of not just our war’ in JP Clark’s ‘The Casualties’, Pele studied Law at the Delta State University, Abraka and graduated in 2010 with a Third Class in academic performance. After four attempts at the Nigeria Law School, he eventually passed with a Pass grade and got called to the Bar in 2015. This is the story of the ‘highly intelligent’ Pele . Sadly, as if his karmic bedevilment were not enough, having been called to the Bar, he has just adopted another bedevilment – it is the bedevilment of the authorship of imagemangling narratives already blessed with its inseparable karmic counterpart. Could this be the dance of a Lawyer who is fittingly a legal camp-follower? The psychological composition of Pele parallels the legendary Ewiri in Ijaw folktales and the Ewiri in JP Clark’s The Ozidi Saga. By the puppetry of Pele’s behavioural histrionics feted coincidentally in a month of CRY DAY celebratory dance for Tompolo he is taxonomically the OLU CRAB constantly burrowing into the soil for havoc-creation. Could he therefore be the Abedikirisou of Africa? However, for the militants who do not know Pele, he is a narcissistic person who sees himself as the fitting personification of every good ideal and every good personality both in life and in fictional works. He sees himself as the Anatomical researches on him have thrown up the fact that a vast space allowed him to merchandise his irrational narratives has become the only potent medication for his congenitally incurable verbal schizophrenia Okolo in Gabriel Okara’s The Voice but lacks the ethical stamina, root and depth typical of Okolo; he sees himself as the political, activist and legal Ozidi in JP Clark’s The Ozidi Saga but without the defining features of Ozidi, not even representing issues that bear resemblance to the issues of injustice and bloodletting that give birth to Ozidi’s reprisal war of justice. He also quixotically sees himself as Gani; he sees himself too as Isaac Boro while he serially churns out nonsensical narrative on a man (Tompolo) seen largely as the personification of late Isaac Boro in ideal-pursuit. Pele is indeed a man of unceasing contradictions in his known ideals of image-pulverisation. Pele is a cunningly intelligent young man who is not defined by any identifiable principle and value beyond his directionless derogatory voyage taken on constantly to reinforce and advance his megalomaniacal image of himself and charm his clique of benighted admirers. He has a knack for putting up hysterical opposition, protest and defence of the indefensible, and when he materially finds himself lodged in the quicksand as regards factual validation of his hysterical narratives, he would dramatically drum up a propaganda that he had been pressurized by highly respected person to backpedal. Pele would then cleverly abandon his hysterical dance sympathised by his ego-boosting claim that ARMAGEDDON would have been let loose but for the timely intervention of well-meaning persons. No individual better personifies farce than Pele as he increasingly sees himself as the only force intellectually equipped to stop any invasive force of manipulation – even where it does not exist. He is a man farcically excited to lead protests against even God for delayed rainfall and delayed tidal flow in the still waters of Gogigbene River. Only farcically quixotic character protests against God over delayed rainfall and delayed tidal flow. The man who dellusionally sees himself as all-knowing often questions and cavils at everything even when things are progressively normal in the society. For an all-knowing man like Pele gifted with evidence to litigate against God Almighty in the Supreme Court of Nigeria but who, alas, is yet to win any case in the court or who is yet to pursue any legal matter to its logical conclusion in any court, the militants unknowingly wasted their precious time advising him to desist from image-battering narrative on Tompolo. When a growing child is always full of maledictions upon people at the slightest provocation, invoking the destructive mystical powers of known gods against such people, the child is taken to a shrine in the community where the chief priest carries out maledictionreversal ritual on the person. The moment this malediction-reversal ritual is performed, any maledictions angrily invoked upon people in the name of the destructive powers of the gods would become null and void because the gods had been propitiated in advance not to act on the maledictions of the child who is uncannily obsessed with maledictions. The third theory on the anatomy of Pele embodies this understanding. Image-battering, delirious, irrational, hysterical, pathological, obsessional and vindictive as the narratives of Pele on Tompolo and other personalities in the social media are, Demebide Pele should be seen as the child upon whom maledictionreversal ritual has been performed, and who should therefore be given a vast space to rant and rave on the social media because his uninhibited ranting constitutes the only medication for his congenitally incurable verbal schizophrenia. For a ritualistically bought mouth like Demebide Pele’s, pathologically honed to produce hysterical image-mangling narratives on Tompolo and many others, let the world know that Tompolo is clothed with pachydermatous white clothes because the viper of a cobra can never penetrate the carapace of tortoise and inflict pains and lacerations on its physiological compositions. As for Pele, let him enjoy his elevation to the golden seat of Acetylcholineterease endowed with the power to clog the flow of positive narratives on Tompolo, and endowed with the power to lubricate the flow of image-battering narratives on Tompolo as a fixed catalyst since anatomical researches on him (Pele) have thrown up the fact that a vast space allowed him to merchandise his irrational narratives has become the only potent medication for his congenitally incurable verbal schizophrenia. Concluded Mr.Enewaridideke, a public affairs commentator wrote from Akparemogbene, Delta State.
Vanguard, FRIDAY, APRIL 13, 2018 — 19 Inflation rate dips to 2-yr low at 13.34% in March •Food inflation drops to 16% By Yinka Kolawole & Prince Okafor INFLATION rate in Nigeria dropped to 13.34 percent yearon-year (YoY) in March 2018 from 14.33 percent previous month, the lowest level in two years, the National Bureau of Statistics (NBS) has reported. The statistics office noted in the Consumer Price Index (CPI) report released yesterday, that the 0.99 percent drop represents 14th consecutive months in reduction in inflation rate since January 2017. Also the 13.34 percent inflation rate is below the Central Bank of Nigeria’s (CBN) monetary policy committee (MPC) rate of 14 percent for the first time in two years which could prompt a rate cut by the apex bank, according to Razia Khan, Head of Macroeconomic Research at Standard Chartered Bank Plc. “Absolutely, they now have more scope to cut rates because of the pronounced drop in inflation,” Khan told Bloomberg from London. However, Michael Famoroti, an economist at Vetiva Capital Management Ltd, said scope for cuts is limited. “Inflation will rise because of elections spending, expectations of a rise in U.S.A’s interest rates, and expectations of a minimumwage increase, probably in the second half of the year. So the MPC can celebrate the inflation drop in March, but be prudent knowing the outlook might be different in the second half,” Famoroti stated. Also commenting on the report, FXTM Research Analyst, Lukman Otunuga, told Vanguard that, “With inflation steadily cooling CURRENCY BUYING SELLING US DOLLAR POUNDS EURO FRANC YEN CFA WAUA RENMINBI RIYAL SDR DANISH RAND $117.80 -0.35 $2,540.00 -7.00 $12.04 -0.02 $71.69 -0.37 $66.72 -0.10 304.55 305.5 305.55 432.5524 433.2625 433.9727 375.1142 375.7301 376.3459 315.9888 316.5076 317.0264 442.7265 443.4533 444.1802 48.4419 48.5219 48.6018 81.2068 81.3402 81.4735 442.968 443.6952 444.4225 50.373 50.4557 50.5384 25.3766 25.4183 25.46 CBN Exchange rate as at 12/04/2018 and economic conditions constantly improving, CBN is on route to cut interest rates. While an interest rate cut at the next policy meeting in May could be premature, CBN may surprise markets by taking action in the third quarter of 2018.” Meanwhile, NBS also reported that food-price inflation trimmed to 16.08 percent in March from 17.59 percent the preceding month, the weakest rate of growth since July 2016. Food inflation has been in double digits for almost three years, but has slowed for the past six months. The report stated: “The Composite Food Index rose by 16.08 percent (YoY) in March 2018, down from the rate recorded in February (17.59 percent). On a month-on-month basis, the Food sub-index increased by 0.90 percent in March 2018, up by 0.05 percent points from 0.85 percent recorded in February. “The average annual rate of change of the Food sub-index for the 12 month period ending March 2018 over the previous 12 month average was 19.29 percent, 0.23 percent points from the average annual rate of change recorded in February (19.52) percent. “The rise in the food index was caused by increases in prices of Bread and cereals, Fish, Oil and Fats, Vegetables, Fruits, Coffee, tea and cocoa, Meat, milk, cheese, and eggs.” LAUNCH: From Left:Mr Amaju Bobby Ayomike, Head, public & Government affairs; Mr Steve Ekendwkwere, Head lubes; Mr Umesh Malik, General Manager Lubes; Mr Thomas Dietz, Lubricants Director and Mr Kazeem Alolade, Lubes Manufacturing Manager, all of 11plc former Mobil oil Nigeria PLC, at the Gas Engine seminar and launch of Mobil Pegasus 1005. Photo by Akeem salau Oando: Shareholders berate SEC, NSE over controversy on suspension lifting •Share price rises 10% at market close By Nkiruka Nnorom S HAREHOLDERS have berated the Securities and Exchange Commission, SEC, and the Nigerian Stock Exchange, NSE, over the controversy generated from their counter-positions Wednesday on the trading status of Oando Plc’s shares. Some of the shareholders under the aegis of Proactive Shareholders Association of Nigeria (PROSAN), Trusted Shareholders Association of Nigeria (TSAN) and the Oando Shareholders Solidarity Group (OSSG) accused SEC of frustrating the forensic audit of Oando and vowed to resist attempts by SEC and the management of Oando to lift the ban on the shares of the embattled oil company on the Nigerian Stock Exchange (NSE) “through the back door”. The leaders of the groups accused the current leadership of SEC of “doing nothing concerning the Oando issue”. The Coordinator of OSSG, Clement Ebitimi, said the leadership of SEC has shown ineptitude in handling the Oando crisis. He vowed that his group would institute legal action against SEC and the NSE if the technical suspension on Oando shares is lifted without the conclusion of the forensic audit. Mr. Eric Akinduro, Chairman, Ibadan Zone Shareholders Association, described the development as a communication gap between the NSE and SEC, but wondered why such gap should exist between the regulators of the stock market. He, however, said that the decision to lift the suspension is in the best interest of investors and the capital market. “The directive and counter directive from SEC simply shows that something is wrong somewhere and until that is corrected, the global community will not take our market serious. “What happened yesterday (Wednesday) showed that there was confusion somewhere and there is a power, a force behind it and that is the force that is dictating what we are seeing as the Oando game.” SON inaugurates surveillance, investigation, and monitoring unit By Naomi Uzor THE Standard Organisation of Nigeria (SON) inaugurated the Surveillance, Investigation and Monitoring (SIM) unit under the office of its Director General, Mr. Osita Aboloma. Aboloma told journalists during the inauguration ceremony that the idea is in line with the anticorruption crusade and the ease of doing business initiative of the Federal Government, adding that it has become expedient for the Director General to have independent intelligence gathering, monitoring, assessment and intervention from time to time on such activities to ensure transparency and accountability. “This is also expected to Tek Experts, Microsoft partner to develop skills of Nigerian youths By Moses Nosike TEK Experts and Microsoft Nigeria have said they are collaborating to establish a Customer Service and Support (CSS) centre in Lagos. Speaking at the unveiling of the company in Lagos and on the partnership, Founder of Tek Experts, Yaniv Natan, said his organisation, in collaboration with Microsoft, is developing talent that will improve the technology landscape in Nigeria and leverage the skills and expertise of Nigerians to provide great levels of service to customers as in other locations around the world. On the prospects of the partnership, Corporate Vice President, Customer Service and Support, Microsoft, Aileen Allkins, stated: “We are committed to investing in the talented workforce Nigeria has to offer through our partnership with Tek Experts and expect that this relationship will continue to grow and provide additional career opportunities for the local market. By expanding our global support model to Nigeria through Tek Experts, we are able to enhance the support we offer Microsoft’s customers across multiple time zones in EMEA and the east coast of the US.” Agreeing with him, Mr. Patrick Ajudua, National Chairman, New Dimension Shareholders Association, NDSA, said: “We are disappointed because regulators must be seen to be above board in order to maintain the integrity of the capital market. That is their primary responsibility. This type of thing does not portray them in good light and foreign investors will not take us serious.” Meanwhile, the trading results yesterday showed that the shares of the company rose by 10 percent following the removal of the technical suspension and resumption of price movement. promote effective service delivery and the expected turnaround time. The handling of these activities are crucial to the overall reputation of SON, thus the Chief Executive have all information at his fingertips as well as the capacity to respond adequately in the overall interest of the nation’s economy and welfare of its citizenry,” he stated.