BusinessDay 13 Jul 2018

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A8 BUSINESS DAY C002D5556 Friday 13 July 2018 BUSINESS DAY Highlight of the news reports on our digital platforms this week Best five stories this week ‘I’ll declare intention to defect from APC soon’ As mixed reaction trailed the formation of the Reformed All Progressives Congress (RAPC) from the All Progressives Congress, an aggrieved APC senator, Suleiman Hunkuyi, has disclosed that he would announce his decision to leave the governing party very soon. Board of Directors, Pan African Towers Limited has announced the appointment of Wole Abu as the Chief Executive Officer of the company. The appointment, according to a statement takes effect July 1, 2018. More trouble for Buhari, APC, as nPDP, others form rAPC More trouble awaits President Muhammadu Buhari and the ruling All Progressives Congress (APC) ahead of the 2019 general election. Qatar gives fans in Russia a taste of things to expect in 2022 FIFA World Cup The Supreme Committee for Delivery & Legacy (SC), the organisation responsible Nigeria oil refinery, fertilizer IPO The largest indigenous industrial conglomerate in Sub-Saharan Africa Dangote group has announced plans to have an Initial Public Offering (IPO) listing of both its fertilizer and refinery plant. The IPO is the first of its kind in Nigeria and if successful could set the stage for other companies to test the market. Pan African Towers appoints Nigerian CEO For more visit our website at businessdayonline.com to catch up on full news stories. POLL RESULTS: Poll question:Have you gotten your PVC? 44% say yes, they have gotten their PVC while 56% says they have not yet gotten their PVC.. Write us with your opinion at digital@ businessdayonline.com to let us know what your preference is. Poll of the week for delivering the infrastructure required for the 2022 FIFA World Cup Qatar, will be giving fans at the 2018 FIFA World Cup Russia a taste of things to come when the tournament heads to Qatar in a little over four years’ time – with a series of free creative and interactive installations and events in Moscow and Saint Petersburg from 7th -15th July. Dangote to make history with Video of the week Tweet of the week Cartoon of the week
BUSINESS DAY Opinion Youth and national development According to our National Youth Policy document 2001, youth are defined as anyone within the age range of 15 to 35. This departs from the universally accepted UN definition which specifies ages 15 to 24 as the ages of youth. I very much prefer the UN definition. Among the Igbo people, for example, when a boy hits 21, he is considered a man able to take his place among his agegrade and can sit in council with the umunna. In Jewish culture, a boy celebrates his Bar-Mitzvah at 13. At that age, he is considered to have attained the age of moral and spiritual responsibility. Several years ago, when I was a struggling young lecturer in the London University system, one of my most interesting students was a Jewish lad of 18; an orthodox Jew from Antwerp, Belgium. I shall call him Ya’acov. One day over launch he narrated to me his life-story. His father and uncles worked in the diamond business. After his Bar-Mitzvah at 13, he was taught the ropes of the business alongside Talmudic and formal schooling. Ya’acov revealed that he made his first million dollars when he was only sixteen. At NEWS YOU CAN TRUST I FRIDAY 13 JULY 2018 C002D5556 18 he got married and moved with his wife to London to pursue university studies. He often represented his father on the board of the global diamond conglomerate De Beers. He once took me on a drive around The City, to a large impressive building without a signboard. “Zees is De Beers”, he bellowed. At the end of his second semester Ya’acov came to see me in my office one afternoon, looking rather sombre. He informed me that he had taken the momentous decision to withdraw from university. I was alarmed. He was a bright and studious young man, with all the future before him. He explained to me that he had just landed a trading seat at Glencore, the Anglo-Swiss international commodity firm. He revealed that he would be able to earn in a week what the average graduate would earn in a year. I could not argue with him. What I shall never forget about Ya’acov was that at 18, he was well beyond his years in maturity. He had focus and energy and an extraordinary can-do spirit. He knew what he wanted in life. Typical of his people, you could never catch him idling away his time in socialising. It was from our friendship that I always understood why Jews always seem to be in a hurry! When you consider the story of my young Jewish friend, you would understand why it’s absurd for a man of 35 to be addressed as a youth. It is a sad development these days that many young men at that age are still very much dependent on handouts from their parents. This may partly be attributable to the difficult times in which the youth find themselves in terms of dwindling job opportunities. But it is also a mindset problem. It is definitely not a situation that parents in this country should encourage. We are told that the Greek philosopher Diogenes used to go about with a lamp in broad daylight in the streets of his native Athens looking for honest men. Diogenes also taught that the foundation of every state is the education of its youth. Nigeria’s population currently stands at an estimated 198 million, of which young people are the overwhelming majority. Some 70 percent of our population comprises those within the ages of 1 to 24. Nigeria’s average life-expectancy is 53 years. By contrast, the average lifeexpectancy in the Japanese island of Okinawa is 100. For the vast majority of our people, the possibility frontiers of welfare have shrunk. Thanks to nihilistic violence, conflict and insecurity, life has become what the English political philosopher Thomas Hobbes characterised as the state of nature – “nasty, brutish and short”. The youth have borne the brunt of the structural violence that the majority suffer in terms of poverty, disease, social deprivation, disempowerment and marginalisation. School enrolment in Nigeria is still a low 57.6 percent. According to the UN, Nigeria’s Youth Development Index, a measure of youth benefitting from social development interventions, is at a mere 0.41, placing us at 140 out of 170 countries. More recently, the Global Slavery Index reports that some 875,500 of our young people are victims of modern day slavery. Modern day slavery includes things such as trafficking in children and young people, forced labour, forced prostitution, trafficking in human organs and so on. I am sure many of you have seen the gory images of young people drowning in rickety boats in the Mediterranean Sea. Many of those shipwrecks are Nigerians. Our youth face enormous challenges. For one thing, our system offers them little hope and even fewer opportunities. The youth, by definition, are endowed with tremendous energy. That energy, psychologists tell us, must find an outlet one way or the other. If it cannot find outlet in creativity, it will find it in destructiveness. But find an outlet, it must. Our youths have been offered no reason to feel proud of their country. Most are scheming how to leave for so-called “greener pastures”. There are more Nigerian doctors currently practising abroad than in our country. Most of our youths have been brainwashed into believing that the streets of Europe and North America are paved with gold. Those of us who have lived abroad never tell them the other side of the story – of racism, fascism, neo-Nazism and discrimination in the West. We shield the fact of Global Apartheid from their consciousness to our common peril. Do not get me wrong. The Nigerian youth also have a lot going for them. Far from being “lazy”, they are among the most enterprising young people you can find anywhere. Some of our creative industries – from ICT to music, Nollywood and Kannywood THE NEW WEALTH OF NATIONS OBADIAH MAILAFIA Dr. Mailafia is a former Deputy Governor of the Central Bank of Nigeria, a development economist and public finance expert with a DPhil from Oxford obmailafia@gmail.com; 08036590990 (text messages only) -- are driven by youths. I was astonished to find that youths in the Caribbean, South Africa, Kenya, Uganda, and even as far as the islands of the southern seas are wild about film stars such as Omotola Jelade and Genevieve Nnaji and about musical artistes such as Tiwa Savage and Tu-Face. They are a form of soft power for Nigeria. They have boosted our image as a creative and Continues on page 35 On Friday June 25, the fifth edition of the premier Healthcare awards in Nigeria took place at the Eko Hotel and Suites, Victoria Island, Lagos. It was a ritzy occasion. The hall was gaily decorated. Elegant men and women sat around the white-draped tables or milled about networking. Some of the individuals and brand names were easily recognizable for anyone with any knowledge of medical practice in Nigeria. Jimi Coker – Medical Director of Lagoon Hospitals, was in black buba and sokoto, with a fila rakishly draped to one side. His black shoes shone in the reflected light. Sir Philip Atuehi, with his mane of grey hair, sat quietly beside his wife. A veritable institution in Nigerian health, who has continuously published Pharma News – from as far back as anyone could remember. Ngozi Onyia of Paelon Memorial Clinic, whose hospital had lately become the first in the country to scale the highest level of safecare quality standards. Pamela HumanAngle FEMI OLUGBILE Physician, psycho-profiler and essayist The national healthcare excellence awards 2018: Matters arising Ajayi – who built Pathcare laboratories to a gold-standard brand in diagnostics over the years. Pathcare was rebranding now – to ‘SYNLAB’, a name that was yet to catch on in the Nigerian space. It had a swagger to it (‘We do every test’ – they would say, matterof-factly). That she had taken Pathcare into an international partnership was evidence they were no longer content to be ‘local champions’ but wanted to play at the highest level in the world. A lofty ambition in a place where, often, everything that could go wrong was guaranteed at some time or other to go very wrong indeed. The dual anchors invited The boldness to assume that, despite the many discouragements of the past, the people of Nigeria would, through the energy and innovation of their own citizens, get access to world class healthcare in short order was the brash notion that impelled activities such as these awards a popular comedian onstage to warm up the audience with risqué jokes. He was very good – the comedian. He had everyone in stitches. He ended on a howler, saying with a deadpan expression how the President should have been invited to the occasion to see the best specialists in the land – how it was cheaper than going to spend weeks in London. There were serious issues at stake, despite the hilarious jokes and the good music, and the general bon vivant air. Nigerian health was in dire crisis and had been so for several years. Nigeria still lost still too many women in childbirth - the equivalent of a major plane crash every twenty fours. The rate of stunting in childgrowth was still increasing, and a distressingly large number of Nigerian children were still not living beyond their fifth birthday. As evidence of the lack of trust of the population in their healthcare facilities, citizens were spending one billion dollars every year to seek medical treatment abroad. On the surface there was not a lot to celebrate about Nigerian Healthcare. Looking deeper, it was clear that, while government might appear to be slow to action, the private sector was stepping up to the plate more and more to try to lay the groundwork for the health service the people desired and deserved. Among the people being honoured at the award ceremony were the icons of the industry, as well as younger, newer faces who had come on the scene and were making waves with innovative inputs. As the evening wore on, some predictable victories were announced. Lagoon Hospitals won the Private Health Facility of the Year. HealthPlus won the retail Pharmacy of the year. Sir Atuehi’s PharmaNews won the Health Publisher of the Year. Dr. Onyia’s Paelon Memorial Clinic won the prize for Patient Safety. Smile 360 – a very visible presence in the social media – again won the Dental Facility of the year. There were some pleasant surprises. Harmony Advanced Diagnostic Centre, located in Ilorin, Kwara State, won the Radiology Service Provider of the Year. Aminu Kanu University Teaching Hospital won the Tertiary Hospital of the year. Some of the young brands with innovative solutionsiDokita, DoctorNow, Doctoora, Ampersand Logistics and their fellows, received recognition and fulsome praise. You reflected that an event such as this reiterated the fact Nigerians were hungry to keep pace with the world and were no longer content with using the Nigerian condition as excuse for an inferior healthcare. While Health was a social service, it was also a business. Government might be an enabler, but it could not really be expected to provide Continues on page 35 Published by BusinessDAY Media Ltd., The Brook, 6 Point Road, GRA, Apapa, Lagos. Ghana Office: Business Day Ghana Ltd; ABC Junction, near Guinness Ghana Limited, Achimota – Accra, Ghana. Tel: +233243226596: email: mail@businessdayonline.com Advert Hotline: 08116759801, 08082496194. Subscriptions 01-2950687, 07045792677. Newsroom: 08169609331 Editor: Anthony Osae-Brown. All correspondence to BusinessDAY Media Ltd., Box 1002, Festac Lagos. ISSN 1595 - 8590.
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