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Imo State University confers UBA GMD/CEO, Oliver Alawuba, with Doctorate Degree

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For his immense contributions to the growth of banking and finance in Nigeria and across Africa, the Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Oliver Alawuba, was on Saturday, conferred with an Honorary Doctorate Degree in Banking and Finance by the Imo State University (IMSU) Owerri, Nigeria.

Alawuba was honoured during the school’s 8th Convocation Ceremony, an event witnessed by the Executive Governor of Imo State, Senator Hope Uzodinma. Also in attendance were the former Governor of the State, Dr. Rochas Okorocha, the University’s Pro-Chancellor, Chief Sir, Ernest Nwapa; Vice-Chancellor Professor U.U. Chukwumaeze, Vice-chancellors from various tertiary institutions in Nigeria, captains of industries and a host stakeholders.

Whilst congratulating Alawuba, the Vice Chancellor, Professor U.U. Chukwumaeze pointed out that the conferment is in recognition of Alawuba’s contribution to redefining Public Sector Banking in Nigeria and across Africa.

“The honour is in recognition of your numerous contributions to the financial sector in Nigeria and Africa and as one of the major drivers who contributed to taking modern banking to all state capitals and major cities in Nigeria where hitherto most banks primarily concentrated on the major commercial centres of the country,” Professor Chukwumaeze stated.

Speaking after receiving the recognition, Alawuba expressed his appreciation to the leadership of the University for the honour extended to him, just as he attributed his success to God and hard work. He took time out to encourage the students to stay focused and diligent  whilst congratulating other fellow awardees.

Alawuba said, “I am grateful to the management of IMSU for the honour and recognition, and I want to thank the amiable Governor, the VC and other top executives of this great institution for the honour that you have shown me today. I promise that I will continue to do my best to make this school and indeed the indigenes of this great state proud. I also seize this opportunity to advise the young ones to be focused and put their best in their studies, so that one day they will also be recognised globally.”

Other awardees of the honorary Doctorate Degree include the former Governor of Anambra State, Her Excellency, Dame (Dr) Virgy Ngozi Etiaba; Chief Chika Emenike, CEO of Tummy Tummy Noodles, Chitec Motors Limited, and Kotec Group of Companies; and Engr Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board, NCDMB.

Alawuba who emerged the best graduating student in Food and Technology from the Abia State University, is the recipient of multiple awards from humanitarian organisations, and is also a member of several organisations and sports club. He is married to an Associate Professor Dr. Mrs Nkeirula Oly-Alawuba and they are blessed with seven children.

Alawuba  is a seasoned banking professional with over 25 years of work experience. He has a broad range of strategic and well-grounded experience in Corporate and Institutional Banking, Consumer Banking, Public Sector, Retail and Commercial Banking, Project Management, Corporate Governance, and overall bank management.

Prior to his appointment as the Group Managing Director/CEO of UBA Group, overseeing the group’s banking operations across its 20 subsidiaries in Africa and globally in the United Kingdom, the United States of America, France, and the United Arab Emirates, Alawuba was at various times country CEO and Regional CEO of UBA’s Rest of Africa operations.

Oliver holds B.Sc. and M.Sc. degrees in Food Science and Technology and an MBA in Banking and Finance. He is an alumnus of the AMP and SEP programmes of the prestigious INSEAD Business School, France and the London Business School respectively. He is also a Fellow of the Nigerian Institute of Management (NIM) and an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (CIBN).

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Tinubu appoints governing board members for 111 tertiary institutions

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President Bola Tinubu has approved the appointments of at least 555 persons to serve as Pro-chancellors/Chairmen and members of Governing Boards of 111 federal universities, polytechnics and Colleges of Education.

This followed Tinubu’s assent to a list of nominees selected by the Ministry of Education.

It was signed by the ministry’s Permanent Secretary, Mrs. Didi Esther Walson-Jack.

“The inauguration and retreat for the Governing Councils will take place on Thursday, May 30 and Friday, May 31, 2024, at the National Universities Commission, 26 Aguiyi Ironsi Street, Maitama, Abuja. Both events will commence at 9:00am daily,” said Walson-Jack.

When contacted for confirmation, the Presidency said the list emanated from the Ministry of Education.

“This is from the Federal Ministry of Education…they make the nominations and forward them to the President to sign. But they are at liberty to release it from their end,” the President’s Special Adviser on Information and Strategy, Bayo Onanuga, told our correspondent on Saturday.

The appointments come days after the Academic Staff Union of Universities had threatened to embark on another strike, potentially disrupting the academic calendar and causing further setbacks in the country’s higher education sector.

The union, on Tuesday, decried the failure of the Federal Government to appoint Governing Councils for federal universities.

The union also faulted what it described as the nonchalant attitude of the President Bola Tinubu-led Federal Government to matters about academics in federal universities.

The body of academics, during a briefing at the University of Abuja, also faulted the 35 per cent salary increment for professors and the 25 per cent salary increment for other academics in the university system.

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APC will take over Osun in 2026 – Oyetola

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Minister of Marine and Blue Economy, Adegboyega Oyetola, on Friday in Osogbo declared that the fortune of the ruling Peoples Democratic Party in Osun State had nosedived in the state with the gale of defection that hit its rank.

Oyetola, the immediate past governor of the state, spoke at a rally organised to receive PDP ex-National Deputy Chairman, Alhaji Shuaib Oyedokun and ex-governorship aspirant on the platform of PDP, Mr Dotun Babayemi and their supporters into APC.

The ex-Osun State governor, who expressed confidence in the party winning the state in the next governorship election, said the defection into the party by Babayemi and his people was an indication that more people from the ruling party would join APC from the PDP before 2026 gubernatorial poll.

He further said, “It is an irony that we lost an election over a year ago and there has been no major defection from the party. What we have is the reverse. It is the ruling party that is coming to us, which shows that APC remains a party to beat. We have done so well, and people are starting to see that when it comes to governance, the progressive knows how to.

“The way President Tinubu has been governing us, that is what the APC governors in their respective states have been doing. I am delighted by the fact that we are not just getting anybody, but people of substance. Like Baba Suaibu, he is a veteran member of the PDP, decamping to the APC. It shows that PDP doesn’t exist any longer here.

“I am confident that in 2026, we are going to take over the state. This is just the beginning because several people are willing to come back to us, and a lot of political heavyweights are coming to join us. I welcome Dotun Babayemi and Alhaji Suiabu Oyedokun to the progressives,” he said.

Also speaking at the event, Babayemi who said good governance had ceased in Osun after Oyetola exited office, added that the present governor, Ademola Adeleke, lacked understanding of how to run a government.

He “The last time we witnessed good governance was in 2022 when Oyetola left government and it is time we unite to send the present administration out of government house for the sake of the state’s development.”

Reacting in a statement, Osun PDP chairman, Sunday Bisi, described Babayemi and others defection into APC as “a drama by the opposition APC to shore up its bad fortunes in Osun State.”

The party urged Osun people not to lose sleep over the “formal realignment of some political traders, whose round-tripping business of feeding fat on the common patrimony of the state was decisively halted through the July 16, 2022, governorship election.”

“The PDP believe the inglorious antecedents of the disillusioned dramatis personae involved in the soap opera of self-pleasuring are in public court. Such individuals like Mr Dotun Babayemi and his ilk have since been put in their place long before now and have ceased to be members of our party right before the 2022 governorship election,” it stated.

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Nigeria to end fuel imports by June – Dangote

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Africa’s richest man and Chairman of the Dangote Group, Aliko Dangote, has said that following the laid-down plans of the Dangote Refinery, Nigeria will no longer need to import gasoline starting next month.

Dangote also stated that his refinery can meet West Africa’s petrol and diesel needs, as well as the continent’s aviation fuel demand.

He spoke at the Africa CEO Forum Annual Summit in Kigali on Friday, expressing optimism about transforming Africa’s energy landscape.

“Right now, Nigeria has no cause to import anything apart from gasoline and by sometime in June, within the next four or five weeks, Nigeria shouldn’t import anything like gasoline; not one drop of a litre,” he declared.

He also outlined progress made by the oil company to ensure that Africa as a continent becomes self-sufficient when it comes to the energy sector.

He said, “We have enough gasoline to give to at least the entire West Africa, diesel to give to West Africa and Central Africa. We have enough aviation fuel to give to the entire continent and also export some to Brazil and Mexico.

“Today, our polypropylene and our polyethene will meet the entire demand of Africa and we are doing base oil, which is like engine oil, we are doing linear benzyl, which is raw material to produce detergent. We have 1.4 billion people in the population, nobody is producing that in Africa.

“So, all the raw materials for our detergents are imported. We are producing that raw material to make Africa self-sufficient.

“As I said, give us three or a maximum of four years and Africa will not, I repeat, not import any more fertilizer from anywhere. We will make Africa self-sufficient in potash, phosphate, and urea, we are at three million tonnes and in the next twenty months, we will be at six million tonnes of urea which is the entire capacity of Egypt. We are getting there.”

Dangote also went further to outline the achievements of the company since the commissioning of the refinery in February.

“For some of us, despite the boom of the capital market of the US, you know, Google, Microsoft and the rest, we didn’t participate, we took all our money and invested in Africa.

“We had this dream, just about five years ago and we said we want to move from five billion (dollars) revenue to thirty billion revenue and we made it happen. It is possible and now we have made it happen and now we have finished our refinery.

“Our refinery is quite big, it is something that we believe that Africa needs. If you look at the whole continent, there are only two countries that don’t import petroleum products which is a tragedy. They are only Algeria and Libya. The rest are all importers,” he said.

He added, “So, we need to change and make sure that we don’t just go and produce raw materials, we should also produce finished products and create jobs.

“One of the things we also need to know as Africans is that we produce raw materials and export them when you export raw materials and somebody now keeps importing things into your continent and dumping goods. what you are importing is poverty and exporting jobs. So, we have to change that narrative.”

“We just commissioned in February and now we are producing jet fuel, we are producing diesel and by next month, we will be producing gasoline. What that would do is that we would be taking most of the African crude that is being produced and also be able to supply not only Nigeria, because our capacity is too big for Nigeria, but it would also supply West Africa, Central Africa and also South Africa. We have 650,000 barrels per day, 1 million tonnes of polypropylene, we have 590,000 carbon black, that is the raw materials ink, dyes and co. We are expanding more. This is the first phase and we are going out to the next phase which will start early next year,” he said.

The richest man in Africa also acknowledged the challenges faced in building the refinery, particularly by those accustomed to the status quo.

He said there was pushback but failure was not an option, even though many people did not believe he would succeed.

“The pushback was very impactful because there are people who have been used to just making money trading without refinery and you know, to get people who are committed to Africa has to be people that believe in investing in Africa because the companies that are operating today are not investing, and some of the issues of stopping that investment is going to impact us, not today but in the future, which means our oil production will continue to go down because in oil unless you keep investing, the production is going to go down.

“So, that is the issue. The major burden on us was that there is no room for failure because we were the EPC contractors and ninety per cent of people never believed that we were going to deliver but we have been able to deliver now,” he added.

Despite these achievements, Dangote identified policy inconsistency as a major challenge for African entrepreneurs and called for a review and support from the leaders to ensure proper ease of trading in the continent.

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