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Vanguard Newspaper 09 August 2019

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16—Vanguard, THURSDAY, AUGUST 8, 2019<br />

VISIT: From left—<br />

Oyo State Governor,<br />

Mr Seyi Makinde, Mr.<br />

Ray Atelly, Deputy<br />

Chairman, Nigeria<br />

British Chamber of<br />

Commerce, Mr Allan<br />

Davies and President<br />

of the chamber, Mr<br />

Kayode Falowo,<br />

during the chamber's<br />

visit to the governor in<br />

Ibadan, yesterday.<br />

Poly students kick against Sowore’s<br />

#RevolutionNow<br />

By Omeiza Ajayi &<br />

Ezra Ukanwa<br />

A N BUJA—THE<br />

a t i o n a l<br />

Association of Polytechnic<br />

Students NAPS h<strong>as</strong> kicked<br />

against<br />

the<br />

#RevolutionNow<br />

movement spearheaded by<br />

the detained Sahara<br />

Reporters Publisher and<br />

activist-politician, Omoyele<br />

Sowore, saying it would<br />

never support any<br />

unconstitutional change of<br />

government.<br />

“NAPS uses this medium<br />

to distance itself from the<br />

said revolution <strong>as</strong> being<br />

championed by Omoyele<br />

Sowore and his allies. We<br />

believe in the pragmatic<br />

enthusi<strong>as</strong>m of seeking<br />

Flood: Yingi warns Delta residents over blocked<br />

drains<br />

By Festus Ahon<br />

ASABA—THE Special<br />

Adviser to the Delta<br />

State Governor on<br />

Environment and Marine<br />

Transportation, Hon Daniel<br />

Yingi h<strong>as</strong> decried the<br />

nonchalant attitude of some<br />

residents of the state<br />

towards the environment.<br />

Yingi, who spoke with<br />

Correspondents after accompanying<br />

the State Commissioner<br />

<strong>for</strong> Environment,<br />

Mr Chris Onogba on visits<br />

to some flood prone are<strong>as</strong><br />

in the state, said it w<strong>as</strong> un<strong>for</strong>tunate<br />

<strong>for</strong> residents to<br />

turn their eyes against<br />

blocked drains in their<br />

neighborhoods.<br />

positive governance<br />

through peaceful protest<br />

but do not believe in the<br />

moral pedigree of<br />

Omoyele Sowore to lead<br />

such movement.<br />

Furthermore, NAPS <strong>as</strong> a<br />

body subscribes to the<br />

usage of tenets of<br />

democracy in changing a<br />

democratically elected<br />

government not through<br />

usage of civil unrest”, the<br />

<strong>as</strong>sociation said yesterday<br />

in a communique issued at<br />

the end of its 44th Senate<br />

Meeting and Pre-<br />

Convention held between<br />

August 2nd and 4th at the<br />

Federal Polytechnic, Bida,<br />

Niger State.<br />

The communiqué w<strong>as</strong><br />

Edo communities benefit from cement<br />

company's scholarship fund, water projects<br />

By Alemma Aliu<br />

BENIN CITY—NOT<br />

less than six<br />

communities in Okpella,<br />

Etsako E<strong>as</strong>t local<br />

government area of Edo<br />

state h<strong>as</strong> benefited from a<br />

fruit drink riding on the three<br />

unique selling propositions of<br />

“Healthy, Nutritious and Great<br />

T<strong>as</strong>te”.<br />

The fruit drink is targeted at<br />

children who require all the<br />

beneficial nutrients they can get<br />

to grow and function optimally.<br />

The brand comes in three<br />

variants, Orange, Watermelon<br />

and Mango and is <strong>for</strong>tified with<br />

key nutrients such <strong>as</strong> Vitamin-C<br />

and Glucose that improve<br />

immunity and give energy.<br />

Speaking at the unveiling ceremony<br />

in Lagos, Chief<br />

Harkishin Aswani, Managing<br />

Director, Tolaram Group, <strong>as</strong>sured<br />

that the company would<br />

maintain the reputation of<br />

signed by Collins Ozele<br />

and Abdulmalik Usman,<br />

Chairman and Secretary of<br />

the Communiqué Drafting<br />

Committee respectively.<br />

On insecurity, NAPS<br />

called on the federal<br />

government to be more<br />

vigorous in “checkmating<br />

decadence and criminal<br />

activities of bandits across<br />

the states that have tremendously<br />

put our lives at risk”.<br />

The <strong>as</strong>sociation also urged<br />

government to be<br />

diplomatic in handling issues<br />

on the Shi’ites Movement<br />

and implored the Federal<br />

Government “to respect<br />

court orders not peculiar<br />

only to the Islamic Movement<br />

in Nigeria IMN leaders<br />

but also the <strong>for</strong>mer National<br />

Security NSA and others<br />

in their category”.<br />

The Special Adviser to the<br />

Governor warned of the<br />

impending flooding <strong>as</strong> observed<br />

by the National Emergency<br />

Management Agency, NEMA,<br />

stressing that there w<strong>as</strong> the need<br />

to mobilize towards ensuring that<br />

all water channels were opened<br />

up <strong>for</strong> free flow of waters whenever<br />

it rains.<br />

Hon Yingi explained that<br />

government can not be clearing<br />

drainages but will only<br />

come in when the drainages<br />

were not properly linked to<br />

collections points.<br />

He maintained that some<br />

flooded are<strong>as</strong> could not have<br />

experienced such but <strong>for</strong> the<br />

blocked drains, pointing out<br />

that it w<strong>as</strong> sad <strong>for</strong> residents to<br />

be throwing debris into the<br />

drains.<br />

Yingi said, with the heavy<br />

water scheme by BUA<br />

Cement Company which it<br />

is providing <strong>as</strong> part of its<br />

corporate social<br />

responsibility to its host<br />

communities.<br />

Besides, the company also<br />

Tolaram Group introduces Goodlife Magic fruit<br />

drink<br />

By Nkiruka<br />

Nnorom<br />

LGroup AGOS—TOLARAM<br />

h<strong>as</strong> made its<br />

entrance into the fruit drink<br />

market with the launch of<br />

“GoodLife Magik” fruit<br />

drink.<br />

The Tolaram Group is one<br />

of the largest<br />

conglomerates in West<br />

Africa which h<strong>as</strong> over the<br />

years laid an indelible<br />

footprint especially in the<br />

Nigerian market with the<br />

introduction of numerous<br />

successful brands.<br />

GoodLife Magik is a healthy<br />

unwavering quality, which the<br />

group h<strong>as</strong> established over the<br />

years.<br />

He said: “Tolaram Group is one<br />

of the largest manufacturers in<br />

Nigeria and the group h<strong>as</strong><br />

consistently produced strong<br />

household brands keeping in<br />

mind the consumers’ needs."<br />

Mrs. Bamidele Abiodun, wife of<br />

the Executive Governor, Ogun<br />

State, speaking at the event,<br />

commended the group <strong>for</strong> its<br />

unflinching marketing ef<strong>for</strong>ts in<br />

putting smiles on the faces of<br />

Nigerians through the<br />

introduction of numerous brands,<br />

which are actively topping the<br />

charts in their respective<br />

categories.<br />

While it frowned at the<br />

Federal Government’s<br />

“epileptic approach to the<br />

full implementation of the<br />

Degree Awarding status of<br />

the already selected<br />

Polytechnics while swiftly<br />

implementing same Status<br />

<strong>for</strong> College of Agriculture<br />

Zuru Kebbi State without<br />

putting into consideration<br />

alongside the earlier<br />

selected Polytechnics<br />

whose bills have spent<br />

almost a decade at the<br />

National Assembly”.<br />

The National Association<br />

of Polytechnic Students<br />

NAPS is an umbrella body<br />

that encomp<strong>as</strong>ses students<br />

of Polytechnics,<br />

Monotechnics, Colleges of<br />

Technology and other<br />

Allied in Nigeria.<br />

rains, flooding w<strong>as</strong> inevitable,<br />

stressing that when the<br />

drains were properly disilted,<br />

the water would find its way<br />

to the nearby collection<br />

points.<br />

He also restated the commitment<br />

of the state government<br />

at ensuring that the effect<br />

of any natural dis<strong>as</strong>ters<br />

in the state w<strong>as</strong> minimal on<br />

the people.<br />

yesterday inaugurated a<br />

scholarship board to select<br />

beneficiaries of the<br />

company's scholarship<br />

program <strong>for</strong> the<br />

communities.<br />

Manager in charge of<br />

administration of the<br />

company, Mr Richard<br />

Gidado, said the company<br />

h<strong>as</strong> observed that the six<br />

communities in Okpella<br />

are in dire need of portable<br />

water supply <strong>for</strong> their daily<br />

domestic need thus<br />

necessitating the projects be<br />

sited in the communities.<br />

The six communities are Iddo,<br />

Imiakuri, Awuyemi, Ogute,<br />

Okhuonmunyio and Imiegiele.<br />

He said; "We identified the<br />

need in this environment and<br />

know that they have poor water<br />

supply in this place and our<br />

company h<strong>as</strong> taken it <strong>as</strong> a priority<br />

among many other projects that<br />

we are going to run in the<br />

community to solve their water<br />

need and that is why we have<br />

come here today.<br />

World’s biggest hydroelectric project<br />

inches closer to reality in Congo<br />

Adream of building the world’s biggest hydroelectric<br />

project in the heart of Africa may be inching closer to<br />

reality.<br />

For decades, plans have been made and discarded to construct<br />

a series of hydroelectric power stations on Africa’s second-longest<br />

river that would generate almost twice the power<br />

of the Three Gorges Dam in China, the world’s largest. If<br />

completed, a Grand Inga Dam could go a long way to addressing<br />

one of the most debilitating obstacles to development<br />

across Africa from Nigeria to South Africa: electricity<br />

shortages.<br />

Late l<strong>as</strong>t year there w<strong>as</strong> a sudden burst of activity around<br />

Grand Inga. Then-President Joseph Kabila signed an accord<br />

in October with two groups of Chinese and Spanish investors,<br />

who committed to funding technical studies be<strong>for</strong>e building<br />

and running an 11,050-megawatt facility called Inga III at<br />

a cost of $14 billion. The consortia, which include AEE Power<br />

Holdings SL and China Three Gorges Corp., also pledged to<br />

attract lenders and find buyers of the electricity elsewhere in<br />

Africa.<br />

That could be news of revolutionary import to Congo’s 80<br />

million people, who make do with about 1,500 megawatts,<br />

about <strong>as</strong> much <strong>as</strong> typically needed <strong>for</strong> a city of 1 million in<br />

industrialized nations. Grand Inga could single-handedly<br />

generate more than 40,000 megawatts upon completion.<br />

Wall Street drops <strong>as</strong> bond market<br />

stokes recession fears<br />

U<br />

.S. stocks slipped on Wednesday, <strong>as</strong> investors reeling<br />

from rising trade tensions fled riskier <strong>as</strong>sets <strong>for</strong><br />

perceived safer havens, leading the bond market to price in<br />

a slide into recession.<br />

U.S. Tre<strong>as</strong>ury yields took another dramatic drop and<br />

the premium on three-month bill rates above 10-year<br />

note yields w<strong>as</strong> at its most elevated levels since March<br />

2007. This so-called inversion between the two maturities<br />

h<strong>as</strong> preceded every U.S. recession in the p<strong>as</strong>t 50 years.<br />

The drop in yields also reflected a jump in expectations<br />

that the Federal Reserve would cut key borrowing<br />

costs three more times by year-end, with markets fully<br />

pricing in a reduction in September. [MMT/]<br />

“Whether the U.S. economy is strong enough to withstand<br />

the next ph<strong>as</strong>e of a trade war is giving people concern<br />

right now,” said Mike Loewengart, vice-president<br />

of investment strategy at E*Trade Financial in New York.<br />

Sahara lauds Investment opportunities<br />

in Angola’s downstream<br />

CURRENT ef<strong>for</strong>ts by the Angolan government to<br />

restructure the oil and g<strong>as</strong> sector offer opportunities <strong>for</strong><br />

collaborations between local and international companies<br />

along the value chain in the industry, Wale Ajibade, Executive<br />

Director of Sahara Group, h<strong>as</strong> said.<br />

These opportunities exist in local capacity development,<br />

infr<strong>as</strong>tructure development <strong>as</strong> well <strong>as</strong> funding, Ajibade said<br />

while discussing African oil and g<strong>as</strong> market trends with a<br />

trade delegation from Southern Africa.<br />

Angola is the second largest oil producing country in sub-<br />

Saharan Africa and an OPEC member with output of<br />

approximately 1.55 million barrels of oil per day (bpd) and<br />

an estimated 17,904.5 million cubic feet of natural g<strong>as</strong><br />

production. The nation also holds 9 billion barrels of proven<br />

oil resources and 11 trillion cubic feet of proven natural g<strong>as</strong><br />

reserves, which represent great potential <strong>for</strong> further<br />

economic development and significant business<br />

opportunities.<br />

UNDP seeks inclusion in natural<br />

resources decisions<br />

THE United Nations Development Programme, UNDP,<br />

h<strong>as</strong> advocated incre<strong>as</strong>ed role <strong>for</strong> Nigerian women<br />

especially in the are<strong>as</strong> of decision making, planning and<br />

allocation of land and other critical natural resources in<br />

the country.<br />

Speaking at the Youth Leadership Entrepreneurship<br />

Access and Development, YOULEAD, Project’s Learning<br />

and Sharing Forum in Abuja, National Coordinator of<br />

the Global Environment Facility, GEF, Small Grant<br />

Programme of the UNDP, Mrs. Ibironke Olubamise, also<br />

emph<strong>as</strong>ized more involvement of women in business.<br />

She also called <strong>for</strong> a national plan <strong>for</strong> women and youth<br />

entrepreneurship, with emph<strong>as</strong>is on environmental<br />

management, <strong>as</strong> this would ensure that all the resources<br />

needed are available.<br />

She said, “We are advocating more emph<strong>as</strong>is <strong>for</strong> women,<br />

not only to get engaged in sustainably doing business,<br />

but also to become part of decision makers in land and<br />

natural resources planning and distribution.”<br />

Olubamise noted that the UNDP GEF Small Grant<br />

programme had been playing a major role in the area of<br />

women empowerment.<br />

She said, “We start right from the policy, project<br />

development and right from the programme development’<br />

we emph<strong>as</strong>ise women.<br />

All stories credited to Reuters

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