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Make the best out of bad economy — Ashiru charges Legislators



By Matthew Denis

The Group Chairman of Odu’a Investment, Otumba Bimbo Ashiru has tasked the Ekiti state House of Assembly to enact laws that will transform the bad situation of the economy to the best.

He made the disclosure during a one day Retreat Organised by Ekiti state House of Assembly under the able leadership of the Speaker, Rt. Hon. Adeoye Aribasoye recently.

The Chairman said, “Make the best out of the bad situation by not thinking about yourselves but the masses.”

This, according to him, will attract more foreign investments into the state, Southwest and the Country at large.

The Secretary to Ekiti State Government, Alhaja Habibat Adubiaro  who represented Governor Biodun Abayomi Oyebanji provided avenue where the Lawmakers showcase their legislative potentials to encourage investors to the State through the enactment of laws that can make the State conducive for Investment.

 The Governor described the event as unprecedented in the history of the State Assembly adding that the Executive arm of government would work in tandem with the vision and mission of the legislature to realize their goals and that the event showed clearly that the Seventh Assembly members are passionate about the development of the State going by the theme of the retreat: “Enhancing Socio – Economic Development of Ekiti State through the private sector and foreign direct investment: The roles of the legislature.”

She used the occasion to call on investors from home and abroad to see Ekiti State as a viable place for investment, the event which had in attendance the United States Consulaire General to Nigeria, Mr Will Stevens, Political dignitaries, Captain of Industries, Chairman Cavista Holdings Mr Niyi John Olajide, former Governor of Ekiti State, Dr John Kayode Fayemi and other keynote Speakers.

The Speaker who doubles as the convener of the one-day retreat, said he was motivated by the former Governor of Ekiti State Dr Kayode Fayemi barely three months ago and thanked the former Governor for his leadership roles.

He commended the sponsor, Chairman Cavista Holdings, Mr Niyi John Olajide, for shouldering the responsibility involved in the course of organizing a retreat of such magnitude.

Hon. Aribasoye lauded  his colleagues in the 7th Assembly, National Assembly members in attendance, the State Attorney General and Commissioner for justice Barrister Dayo Apata (SAN) for their support and passion for the development of Ekiti State adding that the retreat would be one of the programmes in the legislative arm which will be observed annually not forgetting the roles of the legislative bureaucrats through the Clerk of the House and other management staff.

Speaking on behalf of the Conference of Speakers in Nigeria, the Chairman National Conference of Speaker and the Speaker of Oyo State House of Assembly, Rt. Hon. Debo Ogundoyin said he was elated to be part of the success stories initiated by the Ekiti State House of Assembly and wished that all other states in Nigeria would replicate it, particularly in the Southwest States.

He appealed to the Ekiti State House of Assembly urging them to sustain the tempo by collaborating with the state government to take the state to greater heights.

Delivering the Lecture, the lead Speaker, Mr John Olajide Chairman, Cavista Holdings and the sponsor of the programme spoke on the journey of the Cavista Holdings to Ekiti State and how he harnessed the underlying potentials of Ikogosi warm resorts some years ago before he got to its present height in the comity of tourist centre in Africa.

The keynote Speaker and former Governor of Ekiti State Dr Kayode Fayemi described Ekiti State as the knowledge capital of Nigeria and intellectual hub of Africa.

The former Governor suggested how to tap the untapped resources in the State and convert it to economic assets, and charged Ekiti people to see all government projects as government projects, not as individual, particularly when there is change of government from one government to another.

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Fidelity Bank MD commends Air Peace London service



The Managing Director, Fidelity Bank Plc, Dr Nneka Onyeali-Ikpe, has commended Air Peace for its Lagos to London operations.

Onyeali-Ikpe gave the commendation in a statement signed by the airline’s Corporate Communications lead, Mr Stanley Olisa, on Monday in Lagos.

She commended the airline’s giant strides and financial discipline which it has upheld since inception.

She said, “Air Peace has been very loyal to us. We are grateful to have them as our client.

“We are celebrating their milestone of launching direct flight service to London and other milestones they will achieve,” Onyeali-Ikpe said.

The Chairman, Air Peace, Dr Allen Onyema, who said it was not easy to attain the current status, expressed unreserved gratitude to the flying publics, aviation stakeholders, media and government for the support shown so far.

He acknowledged the role played by former Director-General, Nigerian Civil Aviation Authority, Ben Adeyileka, in helping the airline secure its Airline Operator Certificate (AOC).

The Air Peace boss thanked Fidelity Bank for the consistent support and stressed that the bank had contributed to the success story of the airline.

Onyema said Air Peace was committed to its Corporate Service Responsibility (CSR), to empower Nigerians economically by creating employment and not to profiteer.

He highlighted how the airline never fails to engage in humanitarian interventions for Nigerians, especially the numerous evacuation flights at critical times,

“Air Peace was not borne out of the intent to profiteer but to create jobs.

“Air Peace was not established because I wanted more money but because of the conviction that running an airline would create massive job opportunities. That was why we went into aviation.”

Appreciating the bank for its support, Onyema said, “I call it our journey with Fidelity Bank. I did not envisage this day would come when an indigenous institution would be celebrating another indigenous institution.

“Fidelity supports real business. They keep removing people from the streets of poverty. Let other banks emulate Fidelity,” he added.

Onyema, therefore, called for the continued support of Nigerians to sustain the newly launched London service, adding that passengers can fly to London from any domestic airport.

“For every penny you pay to Air Peace, you pay to sustain the jobs of thousands of Nigerians and support economic growth.

“Air Peace flies you from any of our domestic routes to London. So, you can fly from Yola to London via Lagos.

“From the local airport, you are taken to the international airport free of charge with a seamless luggage transfer,” Onyema affirmed.

The Air Peace boss also said that the airline would continue to fully adhere to safety standards, while lauding the management and staff for the efforts in realising the London dream.

He advised Nigerians to shun ethnic nationalism, stating that Air Peace is not an Igbo airline but a Nigerian airline belonging to over two hundred million people.

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Tingo Group unveils Tingo Electric, Tingo Cola drink at Lagos launch



In a thrilling exclusive event on the 16th of April, 2024 at the Tingo place, Victoria Island, the Tingo Group launched its new products, Tingo Cola and Tingo Electric drinks. Present at the event was His Imperial Majesty, Ooni Adeyeye Enitan Ogunwuyi, Ojaja II, Ooni of Ife who was the official host and was accomplished by his wives, Traditional Chiefs, Senior government officials and media executives.

In his welcome speech, the Ooni who is also the Chairman of Tingo BV beamed with joy as expressed that the success of the product is a dream come true as he has always wanted to be a part of a team that will design, conceptualise and produce a drink that will bring pride to Nigeria and Africa and these products are on the right path to going global.

He also noted that the ingredients used in manufacturing the drinks were about 80-85 percent home sourced and efforts were made by the Tingo Group to ensure that it meets International standard. Ooni stated that he has taken up the responsibility of ensuring that the beverage is a success as he is the brand’s “number one ambassador.”

Founder of Tingo Foods, Dozi Mmobuosi, said the company has been existing for 23 years and Tingo Electric and Tingo Cola represent not only a “triumph in innovation but also a celebration of Nigerian ingenuity,” while also adding that “the team was proud to showcase these exceptional beverages to the world and are deeply grateful for the support of his Imperial Majesty, Ooni Adeyeye Enitan Ogunwuyi, Ojaja II, Ooni of Ife and all esteemed guests.”

The Ooni towards the end of the event requested everyone to have a taste of the beverages and the feedback was positive. Dr Reuben Abati stated that he felt electrified after taking the Tingo electric and casually joked that he is hoping that there will be many Tingo babies in the coming nine months.

The Executive Governor of Nasarawa State, His Excellency  Abdullahi Sule, ably represented by the Attorney General of the State, Barrister Shuaibu Labaran Magaji said he is proud to be a part of the product launch and to show his support. He promised to buy and way bill a large number of the product to Abuja and Lafia on the spot and that the product was launched at the right time as the second edition of the Nasarawa Investment Summit is at hand. He asked the Ooni for his presence at the summit  and the Tingo Group for collaboration.

On a personal note, the Tingo Cola didn’t have excessive gas and the Tingo Electric drink was mild in the mouth but gave a sensational feeling, both of which were excellent.

The Tingo BV Plc expressed profound gratitude after the feedback and assured the introduction of a variety of new flavours which include Tingo Electra energy drink, Tingo twist, Tingo booze, Ojaja bitters and Ojaja herbal drink.

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Nigeria to raise $30bn from inaugural forex bond



Nigeria targets up to $30 billion from its inaugural foreign currency-denominated bond issuance planned for June, 2024.

Patience Oniha, Director-General of the Debt Management Office, disclosed this recently in an interview with newsmen.

Accordingly, the government authority said the sovereign domestic foreign currency issuance aligns with moves to attract more forex inflows to stabilise the naira, which had suffered immensely from dollar shortages.

“It’s when we appoint the advisers that we can probably do a projection.
Oniha said: “But the assumption is that many Nigerians hold dollars in their domiciliary accounts, and not just individuals but institutions including banks and Nigerians in the diaspora as well.

“So it’s a way of bringing dollar liquidity into the system; the federal government of Nigeria (FGN) will get needed dollar liquidity. The target investors are individual Nigerians and institutions, and if Nigerians in the diaspora want to invest, they can also.”

The development comes as the Minister of Finance and Coordinating Minister for the economy, Wale Edun, recently announced that a debut forex bond is planned for the second quarter of 2024 and will be a short to medium-term instrument.

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