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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.