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16—Vanguard, FRIDAY, MARCH 22, 2019<br />
COMMISSIONING: From left- Governor, State of Osun, Mr. Gboyega Oyetola, former National<br />
Chairman, All Progressive Congress, APC, Chief Bisi Akende and the Orangun of Ila, Oba Wahab<br />
Kayode Oyedotun, dur<strong>in</strong>g the official commission<strong>in</strong>g of the new Secretariat Complex of Ila Central<br />
Local Council Development Area,Ila Orangun, Osun State, yesterday.<br />
Nigeria's broadband penetration hits 33%<br />
—NCC<br />
By Emmanuel<br />
Elebeke<br />
ABUJA—THE Executive<br />
Vice Chairman of the<br />
Nigerian Communications<br />
Commission, NCC, Prof.<br />
Umar Danbatta says that<br />
Nigeria's broadband<br />
penetration is now 33%.<br />
The EVC disclosed this<br />
while receiv<strong>in</strong>g a team of<br />
Bharti Airtel Gro<strong>up</strong> <strong>in</strong> his<br />
office <strong>in</strong> Abuja.<br />
Prof. Danbatta said there<br />
has been a steady <strong>in</strong>crease<br />
<strong>in</strong> broadband penetration<br />
across the country which he<br />
attributed to what he called<br />
the ambitious 4G network<br />
expansion by the telecom<br />
operators like Airtel.<br />
Recall that the National<br />
Environmentalists, experts task FG on<br />
renewable energy<br />
By Alemma Aliu<br />
BENIN<br />
CITY—<br />
ENERGY experts<br />
across the country yesterday<br />
tasked the federal<br />
government on the need to<br />
Polls: I couldn't have manipulated<br />
election results —Adjogbe<br />
By Festus Ahon<br />
ASABA—THE Act<strong>in</strong>g<br />
Executive Director,<br />
Projects, EDP on the Niger<br />
Delta Development<br />
Commission, NDDC,<br />
Samuel Adjogbe has<br />
denied allegation of<br />
manipulation of election<br />
results <strong>in</strong> Evwreni Ward 8<br />
dur<strong>in</strong>g the March 9 State<br />
Houses of Assembly<br />
election be<strong>in</strong>g levelled<br />
aga<strong>in</strong>st him by the House<br />
of Assembly candidate of<br />
Accord Party <strong>in</strong> Ughelli<br />
North constituency I, Chief<br />
Om<strong>in</strong>im<strong>in</strong>i Obuiwevbi.<br />
Adjogbe <strong>in</strong> a statement<br />
issued by his Special<br />
Assistant on Media and<br />
Broadband Plan <strong>in</strong> 2012, set<br />
a 30% target to be achieved<br />
by December 2018 but the<br />
country achieved 31.6% as<br />
at December 2018,<br />
surpass<strong>in</strong>g the 30% target.<br />
The NCC boss<br />
commended Airtel for its<br />
commitment <strong>in</strong> assist<strong>in</strong>g the<br />
country <strong>in</strong> its efforts to<br />
deepen broadband<br />
penetration and expressed<br />
optimism that the country<br />
will record remarkable<br />
improvement <strong>in</strong> the current<br />
year.<br />
Danbatta said though, the<br />
stakeholders had set a new<br />
70% broadband target for<br />
the next five years, he<br />
assured that the<br />
government would soon<br />
come <strong>up</strong> with a new<br />
do more <strong>in</strong> terms of policies<br />
to change to renewable<br />
energy to reduce<br />
environmental pollution and<br />
global warm<strong>in</strong>g.<br />
They also want the country<br />
to lipfrog the developed<br />
Publicity, Mr Ogheneovo<br />
Itefue described the allegation<br />
as "baseless, bear<strong>in</strong>g <strong>in</strong><br />
m<strong>in</strong>d that <strong>in</strong> this day of politick<strong>in</strong>g,<br />
people who sit <strong>in</strong><br />
otherwise noble and responsible<br />
positions rema<strong>in</strong><br />
victims of political blackmails<br />
targeted at pull<strong>in</strong>g<br />
them down.<br />
"I was not even a<br />
candidate <strong>in</strong> the said<br />
election talkless of nurs<strong>in</strong>g<br />
a motive to manipulate the<br />
votes of the Evwreni people.<br />
I therefore have no reason<br />
whatsoever to manipulate<br />
election results.<br />
"For all it's worth, the<br />
Evwreni people recognize<br />
development and progress<br />
when they see one. A choice<br />
National Broadband Plan<br />
target, Phase 2.<br />
He said: ‘‘It is good to see<br />
Airtel respond<strong>in</strong>g to<br />
services, especially 4G<br />
services. It is good to hear<br />
the level of expansion<br />
because we are see<strong>in</strong>g<br />
remarkable improvement<br />
<strong>in</strong> broadband penetration.<br />
‘‘The figures are<br />
<strong>in</strong>creas<strong>in</strong>gly go<strong>in</strong>g <strong>up</strong>. We<br />
are at about 33% now. This<br />
we can attribute to very<br />
ambitious expansion of<br />
network operators like<br />
Airtel <strong>in</strong> places like Lagos,<br />
Kano, Rivers, Ibadan and<br />
Abuja. This lends<br />
credence to figures we are<br />
see<strong>in</strong>g from broadband<br />
penetration.<br />
‘‘We are see<strong>in</strong>g <strong>in</strong>crease<br />
countries of the world by<br />
focus<strong>in</strong>g on us<strong>in</strong>g energies<br />
that are environmentally<br />
friendly <strong>in</strong>stead of still rely<strong>in</strong>g<br />
on fossil fuel which<br />
is <strong>in</strong>jurious to the<br />
environment and humans.<br />
The experts made the<br />
call at the open<strong>in</strong>g session<br />
which rema<strong>in</strong>s exclusive to<br />
them to <strong>make</strong>".<br />
Accord<strong>in</strong>g to him, "rather<br />
than resort to the<br />
appropriate forum to<br />
address his grievances,<br />
Chief Om<strong>in</strong>im<strong>in</strong>i<br />
Obuiwevbi has taken to a<br />
failed blame game <strong>in</strong> the<br />
media, aga<strong>in</strong>st me, an icon<br />
of due process and<br />
<strong>in</strong>tegrity.<br />
"The totality of<br />
Om<strong>in</strong>im<strong>in</strong>i Obiuvwevbi's<br />
claims therefore tallies with<br />
the frustration normally<br />
expected of a sore loser and<br />
while it rema<strong>in</strong>s important<br />
to set these facts straight,<br />
he must be m<strong>in</strong>dful that<br />
baseless attacks on the<br />
reputation of a person is<br />
actionable <strong>in</strong> court."<br />
<strong>in</strong> broadband subscription,<br />
especially to services<br />
provided by Airtel. It is<br />
good for Nigerians to hear<br />
this that Airtel is help<strong>in</strong>g us<br />
to hit the broadband<br />
penetration target."<br />
‘‘ We were s<strong>up</strong>posed to<br />
achieve 30% as at<br />
December 2018 but we<br />
have exceeded that target<br />
courtesy of national<br />
Broadband Plan. We are<br />
steadily see<strong>in</strong>g <strong>in</strong>crease <strong>in</strong><br />
broadband penetration. As<br />
at February, there is a new<br />
target of 70% <strong>in</strong> the next<br />
five years. We will come<br />
<strong>up</strong> with new. So far, no official<br />
announcement has<br />
been made on that by the<br />
m<strong>in</strong>ister."<br />
of a three day National<br />
Stakeholders Tra<strong>in</strong><strong>in</strong>g and<br />
Awareness Workshop on<br />
Renewable Energy<br />
Technologies and<br />
Environmental<br />
Susta<strong>in</strong>ability organised by<br />
the National Centre for<br />
Energy and Environment<br />
(NCEE).<br />
While declar<strong>in</strong>g open the<br />
works, Director General/<br />
Chief Executive Officer<br />
(CEO) of Energy<br />
Commission of Nigeria<br />
(ECN) Professor Eli Bala<br />
said Nigeria should beg<strong>in</strong><br />
to th<strong>in</strong>k about utilisation of<br />
natural resources <strong>in</strong> the<br />
country to reduce emission<br />
of toxic carbon and<br />
“enhance security of future<br />
generations”<br />
Represented by the Chief<br />
Scientific Officer ECN, Mr<br />
Samuel Abraham-Aku,<br />
said: “Renewable energy<br />
technology has been one of<br />
the most neglected options<br />
<strong>in</strong> our national energy<br />
development. As a result,<br />
Energy Commission of Nigeria<br />
has been giv<strong>in</strong>g preference to<br />
research development programs<br />
<strong>in</strong> renewable energy systems that<br />
offer energy solutions suited to<br />
our national needs."<br />
World Bank grants $66m to Gambia<br />
to help fix electricity<br />
THE World Bank yesterday approved a $66<br />
million grant to the Gambia government to<br />
s<strong>up</strong>port the access grid and electricity transmissions<br />
<strong>in</strong> the rural sett<strong>in</strong>g of the country under the<br />
ECOWAS Regional Electricity Access Project.<br />
The sign<strong>in</strong>g ceremony was held at the m<strong>in</strong>istry<br />
of F<strong>in</strong>ance and Economic Affairs complex <strong>in</strong> Banjul<br />
and signed by Mamburay Njie on behalf of<br />
Government and Mrs. Louise Cord, the World<br />
Bank country Director.<br />
The project will <strong>in</strong>crease power capacity and<br />
transmission network of the National Water and<br />
Electricity Company to scale <strong>up</strong> its transmission<br />
and distribution networks.<br />
F<strong>in</strong>ance M<strong>in</strong>ister Njie said the project is <strong>in</strong> l<strong>in</strong>e<br />
with the government's national development plan<br />
and expected to change the lives of the rural<br />
household and reduce rural-urban migration.<br />
He said the Barrow government is committed<br />
to harness the growth of the country's energy sector<br />
to impact on the socio economic lives of the<br />
people <strong>in</strong> the rural communities.<br />
Kenya: Economy to lose Sh500bn over<br />
earmarked build<strong>in</strong>gs set for demolition<br />
T<br />
HE Nairobi Regeneration team has said the<br />
demolition of build<strong>in</strong>gs on riparian land if allowed<br />
to cont<strong>in</strong>ue, will impact the economy adversely to the<br />
tune of Sh500 billion.<br />
Appear<strong>in</strong>g before the Senate Lands Committee, the<br />
team's Chairman Najib Balala said already 5,000<br />
build<strong>in</strong>gs have been earmarked for demolition.<br />
Balala who is also the Tourism Cab<strong>in</strong>et Secretary<br />
however said engagements with resident associations<br />
are currently undergo<strong>in</strong>g.<br />
"The value of demolition of those build<strong>in</strong>gs will be<br />
Sh500 billion; that would be a major destruction on<br />
the economy; so, before the multi-agency proceeds, I<br />
will caution that a serious discussion on policy,<br />
compensation, litigation and action should be taken<br />
as a priority," Balala cautioned.<br />
The Committee members led by their Chair Senator<br />
Paul Githiomi (Nyandarua) had asked the team to be<br />
fair to the <strong>in</strong>nocent Kenyans who have <strong>in</strong>vested their<br />
resources and had legal documents to construct the<br />
build<strong>in</strong>gs.<br />
Investment bank<strong>in</strong>g endur<strong>in</strong>g worst<br />
quarter '<strong>in</strong> recent history' — UBS<br />
THE chief executive of UBS has called the last<br />
three months one of the worst quarters <strong>in</strong><br />
<strong>in</strong>vestment bank<strong>in</strong>g's recent history.<br />
Address<strong>in</strong>g an <strong>in</strong>vestment conference <strong>in</strong> London,<br />
Sergio Ermotti said UBS was plann<strong>in</strong>g on cutt<strong>in</strong>g<br />
an extra $300m of costs <strong>in</strong> the current year,<br />
primarily through a slowdown <strong>in</strong> hir<strong>in</strong>g, after its<br />
<strong>in</strong>vestment bank<strong>in</strong>g arm endured a torrid three<br />
months.<br />
Accord<strong>in</strong>g to reports, Ermotti said revenues at<br />
the division were down by around a third<br />
compared to the first quarter of 2018. "We've seen<br />
some improvement lately but it rema<strong>in</strong>s patchy,<br />
and not enough to offset the challeng<strong>in</strong>g start to<br />
the year," he said.<br />
Switzerland's biggest bank now expects to<br />
achieve mid-s<strong>in</strong>gle digit adjusted returns on<br />
attributed equity for the first quarter, compared<br />
to 12.6% <strong>in</strong> the same period a year ago.