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28032019 - NATIONAL ASSEMBLY LEADERSHIP:All clear for Lawan; fresh crisis brews over Gbaja

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16 — Vanguard THURSDAY, MARCH 28, 2019<br />

BRIEFING: From left— Mr Williams Uzomba, Media Consultant, Connect Nigeria; Mr Emeka Oka<strong>for</strong>,<br />

Founder/MD, Connect Nigeria; Ophylia Temi Ibekwe, Lead Strategist, Phyllion and Jumoke Lawoyin,<br />

CMO, Lucy.ng, at the Connect Nigeria Pre-Business fair briefing in Lagos. Photo Lamidi Bamidele.<br />

Come let's build Abia together, Ikpeazu tells<br />

Otti, Ogah<br />

U MUAHIA—THE<br />

incumbent G<strong>over</strong>nor<br />

of Abia State and the G<strong>over</strong>nor-Elect,<br />

Dr Okezie<br />

Ikpeazu has extended an<br />

olive branch to his opponents<br />

at the just concluded<br />

g<strong>over</strong>norship election, Dr<br />

Uche Ogah of <strong>All</strong> Progressive<br />

Congress, APC, and Dr<br />

Alex Otti of <strong>All</strong> Progressive<br />

Grand <strong>All</strong>iance (APGA),<br />

calling on them to join him<br />

in building Abia.<br />

G<strong>over</strong>nor Ikpeazu, who<br />

made the call when he collected<br />

his Certificate of Re-<br />

By Elizabeth<br />

Uwandu<br />

A SABA—THE<br />

Commissioner <strong>for</strong><br />

Basic and Secondary Education,<br />

Mr Chiedu Ebie<br />

has inaugurated a 7-man<br />

Board of Enquiry to investigate<br />

the allegations of the<br />

collection of unauthorised<br />

levies in public primary and<br />

secondary schools in Delta<br />

State.<br />

Mr Ebie while inaugurating<br />

the board in his office<br />

in Asaba stated that the<br />

board became necessary<br />

after a video of one Miss<br />

Success Adegor, a primary<br />

three pupil of Okotie-Ebor<br />

Primary School 1, Sapele<br />

who was allegedly sent<br />

home <strong>for</strong> failing to pay<br />

school fees went viral.<br />

turn as G<strong>over</strong>nor-Elect of<br />

Abia State from the Independent<br />

National Electoral<br />

Commission (INEC) at the<br />

Commission’s headquarters<br />

in Umuahia, said that such<br />

collaboration is the only way<br />

to build the Abia.<br />

The g<strong>over</strong>nor, while extending<br />

the olive branch,<br />

also called on his opponents<br />

to bring their ideas to the<br />

table and participate in the<br />

development of Abia State.<br />

“I call on my brothers and<br />

those who lost in the election<br />

to join us to build the<br />

Delta gets 7-man board to probe illegal<br />

collection of levies in public schools<br />

The education Commissioner<br />

stated that terms of<br />

reference <strong>for</strong> the board include<br />

to authenticate the<br />

claim of collection of unauthorised<br />

levies from pupils<br />

of Okotie-Ebor Primary<br />

School 1, Sapele and the<br />

Healthcare bill passes 3rd reading in<br />

Delta Assembly<br />

By Festus Ahon<br />

ASABA—THE Delta<br />

State Private<br />

HealthCare Registration,<br />

Operations and Prohibition<br />

Bill has been read the third<br />

time and passed by the<br />

Delta State House of Assembly<br />

at plenary presided<br />

<strong>over</strong> by the Speaker, Rt<br />

Hon Sheriff Oborevwori.<br />

The bill sponsored by the<br />

member representing<br />

Ukwuani Constituency<br />

and Chairman, House<br />

Committee on Health, Dr<br />

Alphonsus Ojo and five<br />

others, seeks to curb unhealthy<br />

practices in the<br />

Foundation trains 500 entrepreneurs<br />

on fashion design<br />

By Prince Oka<strong>for</strong><br />

L AGOS—GMYT<br />

Foundation, a Lagosbased<br />

foundation that is<br />

into training of fashion designers<br />

and entrepreneurs,<br />

has commenced training of<br />

<strong>over</strong> 500 Nigerian Small<br />

and Medium Scale Entrepreneurs<br />

(SMEs) in the<br />

country on fashion design.<br />

The Foundation recently<br />

moved up from training<br />

<strong>over</strong> 200 of its students to<br />

500.<br />

The training is being<br />

sponsored by GMYT Fashion<br />

Academy, a section of<br />

the foundation that trains<br />

potential fashion designers<br />

and entrepreneurs.<br />

The Fashion Academy/<br />

GMYT Foundation will<br />

also induct <strong>over</strong> 92 students<br />

and as well empower 11<br />

GMYT Fashion Academy<br />

students each with an industrial<br />

machine serving as<br />

their first <strong>for</strong>m of empowerment<br />

<strong>for</strong> their homework<br />

and to also start their business.<br />

The foundation’s Chief<br />

Executive Officer, Princess<br />

Kelechi Oghene, made<br />

this known during the unveiling<br />

of the academy’s<br />

new students in Lagos.<br />

She stated that the foundation<br />

has spent <strong>over</strong><br />

N200 million on the training<br />

of 200 women without<br />

external support and also<br />

help them start their own<br />

business.<br />

Abia of our dreams. This is<br />

the only way to go because<br />

in every election or contest,<br />

there must be a winner and<br />

losers. For us, this is a victory<br />

<strong>for</strong> Abia and since all<br />

of us that participated in<br />

the election are all Abians,<br />

it then means there is no<br />

loser in the actual sense.<br />

We must collaborate <strong>for</strong> the<br />

good of our state and our<br />

people.”<br />

He described as a privilege,<br />

the opportunity to<br />

serve Abians again <strong>for</strong> the<br />

next four years while reaffirming<br />

his commitment to<br />

the all round development<br />

of the state.<br />

Ikpeazu further reiterated<br />

his administration's commitment<br />

to job creation <strong>for</strong><br />

the teeming Abia youth in<br />

the next four years, adding<br />

that he is poised to leave<br />

Abia better than he met it.<br />

G<strong>over</strong>nor Ikpeazu who<br />

also dedicated his victory to<br />

God <strong>for</strong> perfecting all his<br />

ef<strong>for</strong>ts and that of the campaign<br />

teams with success<br />

said the Lord gives Power<br />

to whoever He wills.<br />

nature of such levies, to<br />

identify the officer/individuals/<br />

organizations who<br />

are behind the collection of<br />

unauthorised levies (if<br />

any) at Okotie-Eboh Primary<br />

School 1, Sapele and<br />

the extent of their involvement<br />

and to determine why<br />

Miss Success Adegor of<br />

Okotie-Eboh Primary<br />

School1, Sapele was sent<br />

out of school.<br />

The committee was giving<br />

two weeks to submit<br />

their report to the state g<strong>over</strong>nment.<br />

health sector in Delta State.<br />

The proposed law, according<br />

to the sponsor, Dr<br />

Alphonsus Ojo, is being<br />

enacted to comprehensively<br />

regulate all facets of<br />

the state's health sector in<br />

order to adhere strictly to<br />

international best practices<br />

and reduce the incidence<br />

of quackery in the sector.<br />

"It is <strong>for</strong> a law to regulate<br />

the registration, establishment,<br />

operations, conduct,<br />

monitoring and inspection<br />

of private healthcare facilities<br />

in the state and <strong>for</strong><br />

other matters incidental<br />

thereto".<br />

Speaking after the third<br />

reading of the bill, Ojo emphasized<br />

that the main intent<br />

is to safeguard the<br />

health of all Deltans, stressing<br />

that the bill when<br />

signed into law and fully<br />

implemented, will end<br />

quakery in the medical<br />

profession in Delta State.<br />

S/African mining firms seek charter<br />

changes <strong>over</strong> past black ownership<br />

deals<br />

Mining companies have requested a judicial<br />

review of South Africa’s 2018 mining charter<br />

to change clauses related to transactions made in<br />

the past to increase black ownership, an industry<br />

body said on Wednesday.<br />

In a bid to rectify the wealth disparities of apartheid<br />

more than two decades after the end of white<br />

minority rule, South Africa has demanded that a<br />

proportion of a mining company’s shares are owned<br />

by black investors.<br />

Originally set at 26 percent, the black ownership<br />

level was raised to 30 percent in 2017, although<br />

companies that had already achieved 26 percent<br />

were not required to meet the higher target.<br />

Mining companies have argued that, while they<br />

accept the need to raise black ownership to the<br />

required level, they should not be required to<br />

maintain that level should black investors sell any<br />

of their shares later.<br />

The Minerals Council, which represents mining<br />

companies, said most aspects of the new charter<br />

unveiled in 2018 were “reasonable and workable”<br />

but said it should be changed to ensure it recognised<br />

past deals related to black empowerment.<br />

Nigeria aims to borrow at home and<br />

abroad to fund 2019 budget –Minister<br />

Nigeria plans to tap concessionary long-term<br />

loans to finance its 2019 budget in addition to<br />

borrowing at home, Finance Minister Zainab Ahmed<br />

said on Wednesday.<br />

“We intend to fund the 2019 budget through<br />

borrowing locally and internationally with a spread<br />

of 50:50. Our focus is on concessionary long-term<br />

loans,” said a National Assembly tweet quoting the<br />

finance minister.<br />

Nigeria, which has Africa’s biggest economy, has<br />

borrowed abroad and at home <strong>over</strong> the past three<br />

years to help to finance its budgets and to fund<br />

infrastructure projects but debt servicing cost is also<br />

rising.<br />

Ahmed said there were challenges generating<br />

revenue but that the 2018 budget has per<strong>for</strong>med<br />

well. She said the g<strong>over</strong>nment had put in place<br />

strategies on how to finance the 2019 budget of 8.83<br />

trillion naira ($28.9 billion).<br />

Nigerian bond yields drop op after er CBN<br />

rate cut<br />

Nigerian bond yields fell slightly on Wednesday,<br />

a day after the Central Bank of Nigeria, CBN<br />

unexpectedly announced an interest rate cut aimed<br />

at stimulating growth in Africa’s biggest economy,<br />

traders said.<br />

CBN cut its benchmark interest rate by 50 basis<br />

points to 13.5 percent on Tuesday, its first reduction<br />

in four years. The rate has been held at 14 percent<br />

since July 2016 to support the naira and curb<br />

inflation.<br />

Bond yields dropped to around 13 percent across<br />

maturities on Wednesday on minor buying interest,<br />

traders said. They later rec<strong>over</strong>ed to 14.15 percent.<br />

The most liquid one-year treasury yield fell 15 basis<br />

points to 12.75 percent.<br />

“The markets opened lower but no one is buying as<br />

investors adjust their bids,” one trader said.

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