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Strengthening NBA-SBL for enhanced performance

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Adewale Kupoluyi

The Nigerian Bar Association Section on Business Law (NBA-SBL) has elected new set of officers to steer its affairs for the next two years. The coming on board of seasoned lawyers is an opportunity to consolidate on past achievements and develop fresh strategies that would made the section a force to be reckoned with. This assurance was given in the acceptance speech of the new chairman of NBA-SBL, at its Annual General Meeting (AGM), recently held in Lagos, which was in all modesty concise, loaded, purposeful, and an attempt at redefining business law practice in Nigeria. The Chairman, Dr. Adeoye Adefulu gave an insight into his blueprint by expressing gratitude to those that nominated him in the first instance into the membership of the SBL as well as those that put forward his name to serve as chairman.

He extended his appreciation to past Chairmen, council members, committee chairs and executive officers, who he said, largely contributed to making the SBL one of the leading membership associations in the Nigerian business community. Dr. Adefulu informed that since it was founded in 2004, the section had been known for its culture of excellence showcased at the annual conference and through the various committees year-long events and that in the times past, SBL had continued to widen access to continuing legal education and equipping business lawyers with necessary tools. He disclosed that through advocacy efforts, the section had improved the business environment, saying, “We  owe our thanks to past leaders, who through their vision, dedication and grit have brought us this far. Our founding chair – Mr. George Etomi, Mrs. Mfon Usoro, Mr. Gbenga Oyebode, Mr. Asue Ighodalo, Mr. Olumide Akpata, Mr. Seni Adio, SAN and now, Mr. Ayuli Jemide. These are all creative and valiant leaders at the bar and in the business world.”

The new Chairman admitted that the SBL had achieved a lot, but that there is still much to do. “It is not a time for self-congratulations, but a time for self-reflection. The business and economic environment within which we operate has changed significantly since the founding of the SBL. Indeed, we can argue that the business world has changed significantly over the past two years since the beginning of the Coronavirus disease (COVID-19) pandemic. Our demography has also changed with Boomers, Gen X, Millennials, Gen Zs and their different cultures practicing law together, which sometimes could be in the same office. Whilst the objectives of the SBL remain broadly the same, we must adapt our tools to reflect the new environment, demography and culture.” To ensure that SBL is alive to its responsibilities and as a membership organisation, it must continually ask questions on what members need, he added.

The chair drew attention to the fact that “We are all witnesses to the challenging times faced by businesses; small and large. Inflation, devaluation and multiple taxation, just to name three. As service providers, we thrive when our clients thrive. As the nation goes through a political transition, we must play a central role in shaping the new economic and business agenda. Therefore, we need to re-assess and strengthen our tools for advocacy and communication.” He revealed that his administration’s tripod is hinged on ‘The Three Factor Focus,’ being the thrust of the 2022-2024 council. He, therefore, expressed the officers’ commitments by way of a mathematical formula of 2 times I, divided by S.

“The first I; is for Impact; we want to positively impact the professional lives of our members. This will be measured by opportunities for professional development, through training, mentoring, networking, volunteering and providing access to necessary tools for delivering our services,” he said.

Towards realising these goals, Dr. Adefulu left a promissory note that he will work with third parties to deepen the service ecosystem made available for business lawyers to strengthen their craft on the premise that the section is committed to opening up these opportunities for them.

The second I; is for Influence, saying “We will work to deepen our influence over the business environment, measured by the quantity and quality of our private sector partnerships, our advocacy efforts with regulators, national and state assemblies and the executive. S is for Sustainability, as these activities will be girded by the principle of sustainability. We will carry them out in a way that protects the survival of the institution, from our finances, to governance, to developing and recording systems, which will survive the current leadership of the organisation.”

As the new council starts work immediately, the chair submitted that the first task will be to listen. “We want to hear your views on critical question that borders on how can we make the SBL work better for you?” True to his promise, the assessment survey had been administered by asking members to fill in their responses to the carefully-selected items. Dr. Adefulu added that a virtual suggestion box would be made available where at any time, members can give feedback on the section’s activities. “Let me encourage you to volunteer. Volunteering is in the SBL DNA and is the tool by which it carries out its informal Leadership Apprenticeship Training. It is also a great opportunity to network and develop a variety of skills, useful in your practice and other aspects of life. We will need volunteers to carry out some of the responsibilities.”

He concluded his message by looking forward to working with the diverse, hardworking women and men that were elected into the new council, most of who he said, he had the privilege of working with in various capacities both at the SBL and professionally. The NBA-SBL’s new council has the chairman and 12 other members, who are seasoned commercial law practitioners from various legal backgrounds. Dr. Adefulu is a partner in the law firm of Odujinrin and Adefulu with many years of professional experience spanning the fields of petroleum law and policy; electricity law and policy; environmental law, corporate and project finance. Other SBL officers are Vice Chairman, Aisha Rimi; Secretary, Babasola Alokolaro; Assistant Secretary, Adeleke Alex-Adedipe; Treasurer, Ayoyinka Olajide-Awosedo; Financial Secretary, Oyeyemi Aderibigbe; immediate past Chairman, Ayuli Jemide; immediate past Secretary, Ozofu Ogiemudia; while Chinasa Unaegbunam, Stella Duru, Funmi Otsemobor, Perenami Momodu and Kehinde Daodu are elected members.

In a nutshell, the new chair has affirmed that the section, known for its culture of excellence, would continue to broaden access to continuing legal education and empower business lawyers with necessary skills, having admitted that even though, the section had achieved a lot, he believes that there is ample room for advancement by continually asking questions on members’ needs by playing a central role in shaping the new economic and business agenda through the re-assessment and strengthening of advocacy and communication channels. Not only that, the place of ‘The Three Factor Focus,’ as the thrust of the new council, would offer vistas of opportunities for business lawyers to air their views on critical questions on how to make the SBL work better without leaving out the volunteers, as business law practice continues to wax stronger in Nigeria.

Dr. Kupoluyi  writes  from the Federal University  of  Agriculture, Abeokuta (FUNAAB), Ogun State, @Adewale Kupoluyi

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Opinion

Tinubu, the opposition and the Nigerian honey pot

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By Professor Kayode Soremekun

As the Tinubu administration approaches the one year mark, it is important to effect a review of what has transpired in the last twelve months.

At the level of sheer policy postures and pronouncements, much has been done and so much is also  being done, such that it is almost impossible to keep  pace .

In this narrative however, I have decided  to dwell on an unusual aspect of the last twelve months.

On this note, the thrust of my argument is this:Nigeria is a lucrative honeypot for external actors and their local collaborators. It is a situation in which every achievement of  this administration translates into a loss for external actors and their interests. These indeed are the various indices of the opposition which will continue to stalk this administration.

At the instinctual level, and unfortunately, the average reader is likely to view the opposition in terms of predictable variables like the: PDP, LP and possibly the various indices of civil society.

But this piece is not preoccupied with these.

Rather our attention is focused on the implications of the evolving dynamics of Air Peace (AP)and the competition in the aviation industry.

It is instructive to recall here that, as soon as  AP ticked off  on the Lagos-London route, the other  airlines came into some form of self-serving  epiphany. They changed tack through the  process of fare reductions.

The implications of this on-going process are deeper than one may think. As long as Nigeria was absent on the Lagos-London route, the route was something of a honey pot for the other airlines. It  was a sybaritic  situation in which all the other  airlines were busy enjoying themselves at the expense of Nigerians and Nigeria.

In my innocence I  thought  that the only airline that  was benefitting from this bazaar of the Lagos- London route was British Airways (BA) whose ancestors were  the original predators of what  passes for the Nigerian state. Little did I know that other Airlines like Air Maroc and Egyptair were also partakers of this largesse.

On this note, the mind remembers the goggled General, Sani Abacha. In the light of the inclement interplay between his regime and Britain, British Airways was banned from Nigeria. But as soon as he died, BA resumed its lucrative foray into Nigeria. One can imagine how much BA must have lost in the light of that move by the General.

The implication is that for every omission or commission on the part of Nigeria, someone out there is smiling home with huge profits. Such forces and individuals constitute at one level the opposition that anyone who  occupies Aso Rock, has to contend with. Needless to say, our Nigeria is  a huge honeypot since we are  talking here of a huge  market  of 200 million Nigerians.

The situation also partly explains why the Naira will continue to go south since for most of our basic needs, we depend heavily on the external realm. It also explains why anybody who occupies Aso Rock is not just up against the  usual opposition  at the domestic level, he is  also up against  the various indices of opposition beyond Nigeria.

And here we are talking about hard-headed interests and zero-sum games in which what one entity loses, is gained by another  one.

This brings to mind another major area in which over time, Nigeria continues to be a spectator in the scheme  of things.

Our specific reference here is the Nigerian oil industry. Nigeria continues to be passive in this industry. So passive that as an oil producing country there are  no backward linkages like refineries and petrochemicals. Even as I write, there are rumblings to the effect that there are jitters out there. This is because, should Nigeria succeed in bringing on stream her own  refineries, very many jobs will be lost by refiners in places like Rotterdam and South Korea. These are some of the entities who export refined oil to an oil producing Nigeria. Again as regards petrochemicals, should Nigeria come into her own in this vital  area, then our imports of raw materials will reduce drastically. In the light of what is  happening to Air Peace, we should expect a fight-back from relevant interests out there.

Very much the same thing can be said for our steel industry.Till date, it remains comatose. No thanks to international conspiracy ably aided by a wayward ruling class.This is invariably a  sad feature which stretches far back  to the dawn of our political independence. Again, Nigeria’s attempts to come into her own in this vital  area will be resisted, and vigorously too, by  the relevant external forces out there in collaboration with their internal allies. So as PBAT Tinubu settles into his second year in office, he will do well to remember and appreciate that he will be contending with various indices of the opposition at the external   various ways these have their tongues and fingers in the Nigerian honey-pot.They will not give up easily.Which is why, the Tinubu presidency should give these self-serving domestic and external forces a good run for their greed and avarice.

There is some hope however. This cautious optimism lies in the fact that, in the course of  that historic outing in Abeokuta where Tinubu openly staked his claim to the Presidency he also pronounced with equal gravity  on his place  in history. Specifically he opined that he would not want to be a footnote to the Nigerian narrative. So all said and done, it is possible to contend  here that in the light of what can be regarded  as his self-conscious place in history; PBAT has his work cut out for him in critical and vital  areas of our national life like: the steel industry, our oil industry and of  course the Aviation  sector.

Success  in these various  areas can only mean that the Great Black Hope is ready to come into her own.

Soremekun, a professor of political science was the second vice chancellor of Federal University Oye Ekiti, Ekiti State.

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Opinion

Organisation of the Petroleum Exporting Countries’ (OPEC) pride in its African roots

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By Haitham Al-Ghais, OPEC Secretary General

Since assuming the office of OPEC Secretary General almost two years ago, I have had the privilege of visiting every African OPEC Member Country, as well as several other African countries. Every visit has reaffirmed my firm conviction that the future is bright for Africa and that the oil industry can play a constructive role in that future. Our Organisation stands ready to offer any support it can to help this great continent realise its awesome potential.

OPEC takes great pride in its strong and enduring African connections, heritage and identity. Half of our Member Countries are African and this includes the continent’s most populous country, Nigeria, and the geographically largest by area, Algeria. We are also privileged to count Congo, Equatorial Guinea, Gabon and Libya as Member Countries. Additionally, two African countries are part of the historic ‘Declaration of Cooperation,’ between OPEC and non-OPEC producing countries, namely Sudan and South Sudan.

Our Organisation’s past is imbued with African character. Looking throughout our 63-year history, many significant meetings took place in African cities. From the Ninth Meeting of the OPEC Conference in Tripoli in 1965, critical meetings and conferences have been held in Algiers (including our first ever Summit), Oran, Lagos, Abuja, Luanda, and Libreville.

Indeed, the idea for our Organisation was conceived in Africa, specifically Egypt. It was at the Cairo Yacht Club in 1959, that the Gentleman’s Agreement was forged that paved the way for the establishment of OPEC in Baghdad in September 1960.

Having played a pivotal role in shaping our past, we have no doubt Africa will be instrumental in the Organization’s future and the future of the oil industry. This is a dominant theme in OPEC’s World Oil Outlook 2045 (WOO).

Africa has a young and vibrant population. By 2045, the Middle East and Africa are forecast to be the leading regions by overall population, adding 723 million people in the period 2022-2045.

We anticipate a bright future for Africa’s oil industry with substantial opportunities for growth. The continent is home to five of the top 30 oil-producing countries and its proven oil reserves amounted to around 120 billion barrels at the end of 2022. This will be crucial to meet the growing global demand for oil, which is expected to rise to 116 million barrels per day (mb/d) by 2045.

These resources will be crucial in enabling African countries to deliver for their peoples. For many oil-producing developing nations, oil production is a way to generate revenue streams that help address pressing and legitimate needs, such as development, employment, education, reducing poverty and investing in public services.

One of the great challenges facing governments here and, indeed, in many other parts of the world is energy poverty. There are 675 million people worldwide who lack access to electricity, four out of five of whom live in sub-Saharan Africa. Furthermore, 2.3 billion people are without clean fuels and technologies for cooking, which can lead to a host of related health and environmental problems.

Of course, OPEC supports efforts that lead to a reduction in greenhouse gas emissions, but we look for this to be achieved in a manner that strikes a fine balance between energy security and sustainable development; ensuring that nobody is left behind. We are also strong advocates for the principle of common but differentiated responsibilities and respective capabilities.

The continent of Africa is home to 17 percent of the world’s population, but is responsible for under 4 percent of global CO2 emissions, with many African countries contributing virtually nothing to global emissions.

When we consider historic cumulative CO2 emissions, the G7 has contributed over 43% of the total alone since 1850, while OPEC Member Countries account for only 4 percent.

These statistics reflect the fact that there is no ‘one size fits all’ solution to addressing climate change and national circumstances need to be taken into account. We need an all-peoples, all technologies and all-energies approach. Technological innovation is a key focus for our Organisation.

It is why our Member Countries are investing heavily in hydrogen projects, Carbon Capture and Utilisation and Direct Air Capture facilities, and the circular carbon economy.

Looking at recent developments across the energy scene in Africa, we see opportunities for the oil industry in places like Namibia, Senegal, Mozambique and Mauritania, to name but a few. OPEC is attentive to these developments and stands ready to support all countries on the African continent in the next chapter in developing their industries. In this regard, we look forward to enhanced cooperation with the African Energy Chamber in the years and decades to come.

The African Energy Chamber, as the voice of the African energy sector, commends OPEC’s commitment to the growth of the African oil and gas industry.

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Opinion

President Tinubu: A year of healing and unifying Nigeria

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By Fredrick Nwabufo

The intangibles of leadership are as potent and profound as the corporeal manifestations of governance. A people must not only see the brick-and-mortar elements of leadership; they must also feel and sense leadership in its quantum of compassion, healing, solace, and capacity to inspire unity, as well as foster peace and progress.

In fact, the incorporeal constituents of leadership are so important that citizens may not see utility in improved economic well-being and massive industrial transformation, if the leadership does not manage the delicate confluences of social and psychological needs.

In some of my treatises as a columnist years ago, I had written that beyond other rudimentary ingredients and supplements of leadership, Nigeria needs a leader who is a healer-in-chief and a unifier by example. A leader who has the proclivity and deliberateness to bring the nation together.

I am most delighted and proud to say Nigeria has found its healer-in-chief; its unifier by example, and consoler-in-chief in President Bola Tinubu. He is the President for all Nigerians.

It has been President Tinubu’s one year of healing and unifying Nigeria. In his inaugural speech on May 29, 2023, the President made a declaration that has become a defining motif of his administration.

He said: “Our administration shall govern on your behalf but never rule over you. We shall consult and dialogue but never dictate. We shall reach out to all but never put down a single person for holding views contrary to our own. We are here to further mend and heal this nation, not tear, and injure it.”

And true to his promise, President Tinubu has been listening and reaching out to Nigerians of diverse complexions and artificial partitions, as well as mending and healing the nation.

Healing and unifying the nation, how, you might ask? By personal example; in words and in deeds. There is no greater purpose and value to leadership than personal example. The place of leadership in forging bonds of communality is the place of purpose and deliberateness. Leadership must be deliberate in managing diversity and in fostering kinship among variegated people. Nation building cannot be left to chance or to a whim. There must be purposive plans and actions towards uniting the people. And these plans and actions, President Tinubu has been successful at carrying through in the past one year.

The President has maintained an accustomed patriotic, graceful, and expansive mien. In his public statements, mostly done extempore, he has always faithfully affirmed his commitment to Nigeria’s unity.

In one of his many noble articulations, he said, “I am irrevocably committed to the unity of Nigeria and constitutional democracy. Constitutional democracy has been reflected greatly here since we assumed office.”

Also to consider are the broad and far-reaching projects and programmes which are in themselves totems of unity – with all Nigerians, irrespective of class or creed, as beneficiaries and potential beneficiaries.

The approval of the Renewed Hope Infrastructure Development Fund to facilitate effective infrastructure development across the pivotal areas of agriculture, transportation, ports, aviation, energy, healthcare, and education, with salient projects across the country is a further affirmation of statesmanship and leadership.

The ongoing epochal Lagos-Calabar Coastal Road, with its attendant immense economic and social benefits to many states within and outside that corridor; the Sokoto-Badagry Road project, and the completed Port Harcourt to Aba stretch of the Port Harcourt to Maiduguri narrow-gauge rail, among other key developments across the nation, assert the all-encompassing and genuine intentionality to nation building. No Nigerian is left behind.

Within the first year, the President also approved the upgrade of key health infrastructure and equipment across all six geo-political zones in line with his administration’s vision of overhauling the health and social welfare sector for enhanced service delivery to all Nigerians.

The following teaching hospitals across the geo-political zones were marked for the establishment of oncology and nuclear medicine centres as part of the President’s bid to ensure that top-tier cancer diagnosis and care is accessible across the country: (1) University of Benin Teaching Hospital, (2) Ahmadu Bello University Teaching Hospital, (3) University of Nigeria (Nsukka) Teaching Hospital, (4) Federal Teaching Hospital, Katsina, (5) University of Jos Teaching Hospital, and (6) Lagos University Teaching Hospital.

Ten other hospitals across all the geo-political zones were also pencilled for critical healthcare-service expansion projects across the fields of radiology, clinical pathology, medical and radiation oncology, and cardiac catheterisation.

The take-off of the first phase of the Consumer Credit Scheme, which is essentially a mitochondrion enabling citizens to improve their quality of life by accessing goods and services upfront, paying responsibly over time, and by the same token bolstering local industry and stimulating job creation is another social cohesion sealant – with all classes of working Nigerians as beneficiaries.  In summary, the establishment of the Nigerian Education Loan Fund (NELFUND) with the pre-eminent vision of safeguarding Nigeria’s future by ensuring that all Nigerian students and youths, regardless of their social, ethnic, or religious backgrounds, have access to sustainable higher education and functional skills, further accents the President’s fidelity to building a stable, strong, united, peaceful, and progressive nation.

One thing is certain: Citizens agree that they have a President for all Nigerians.

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