The president of the Dangote Group, Aliko Dangote, said the Dangote Refinery crashed the diesel price to N1,000 per litre to make the product affordable and reduce the cost of commodities for the average consumer across the country.

He disclosed this in an interview with newsmen yesterday in Gombe after attending a wedding fatiha of his business associate’s daughter, Alhaji Umaru Kwairanga, the Sarkin Fulanin Gombe.

Dangote added that it is very imperative to ensure that the prices of essential resources like diesel are accessible and affordable to alleviate financial burdens individuals and businesses face when it comes to production and transportation.

According to him, affordable diesel prices will play a key role in driving economic the growth of the country.

He explained that by reducing the cost of diesel, businesses would be able to operate more efficiently, which would ultimately lead to increased productivity, job creation and reduction of the prices of commodities.

“If you look at it, diesel actually affects the life of everybody. The cost of products like tomatoes today for us in Lagos is due to the cost of transportation; and even for us to produce anything, the major cost is diesel. When we looked at it, we decided to try and see how we could bring down the cost,” he said.

He further said there were people that had held on to the business for a very long time and were profiteering, so they decided that diesel should not cost more than N1,000, which is about a 60 per cent drop.

“In places like Borno and Bauchi states, it was selling between N1,700 and N1,800, but I am sure that in the next few days you will not buy diesel at more than N1,000 anywhere in Nigeria,” Dangote assured.

 [DailyTrust]

Arsenal manager, Mikel Arteta, has expressed his delight at his side bouncing back from recent bad results against Wolves.

Leandro Trossard and Martin Odegaard scored for the Gunners as they won 2-0 at the Molineux.

The victory came in the week they lost 2-0 in the league to Aston Villa and 1-0 to Bayern Munich in the Champions League.

Arsenal are now one point clear of Manchester City at the top and could make it four points when they host Chelsea on Tuesday.

“This is where we want to be [at the top of the table]. We lost it last week at home to Aston Villa.

“We didn’t deserve to lose it, but we’re top now at least for a day so let’s see what happens.

“We’re going to have to earn the win on Tuesday against Chelsea. We’ll give it a real go,” Arteta said.

[DailyPost]

The federal government says it is considering the issuance of a diaspora bond to boost remittances.

Wale Edun, the minister of finance and coordinating minister of the economy, disclosed this to journalists at a press briefing on Saturday.

The news conference was jointly held with Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), in Washington DC, the United States.

 

The government officials addressed journalists on the outcomes of their participation at this year’s spring meetings of the International Monetary Fund (IMF) and World Bank Group, and strategies to improve the economy.

Speaking on plans to attract investment, Edun said remittances are one of the ways to boost foreign exchange (FX) supply and funding for investment in the country.

“There are Nigerians abroad, they’re doing very, very well,” the minister said.

 

“They have significant funding. There are even Nigerians in Nigeria with funds abroad, that too would be counted as a remittance.

“In order to help the issue of supply of foreign exchange to the Nigerian economy, the government is looking at attracting those funds and capturing those funds through a diaspora type of instrument — a diaspora bond.

“We think that would be a very attractive instrument for Nigerians abroad and for foreign holdings of foreign currency.

“And we look to having a substantive, substantial and successful issue later in the year.”

 

‘WE’LL GET LION’S SHARE OF WORLD BANK/AfDB PLEDGE TO PROVIDE ELECTRICITY TO 300M AFRICANS’

Edun also said the Nigerian delegation met with investors during the IMF and World Bank meetings, which officially ended on Saturday.

He said the team, led by himself and Cardoso, spoke to groups of international investors, portfolio investors and “also those potential foreign direct investors who bring what I can describe as the quality funding, the kind of funding that builds factories and creates jobs directly”.

“And the response and the reaction from virtually all of them, I can say without exception, has been one of greater confidence in the economic management of the country, and greater interest and willingness to invest,” the minister said.

 

“So, the whole ecosystem of international finance has been here and we’ve engaged with all of them,” Edun said.

“And I announced earlier some of the things that we have come away with, we’ve come away with funding to improve electricity to provide power to 300 million people on the African continent and we know that the lion’s share, or the largest single portion will come to Nigeria.

 

“And we all know what the provision of electricity does to empower a nation, reduce poverty, improve the economy.

“I suppose we can also say that we’ve come away with a bigger say for Africa through an additional chair, an additional seat on the board of directors of the IMF will help to complete that process and I think that is a major success for Africa as a whole.”

 

Edun said Nigeria is a private-sector-driven economy, and the policy of President Bola Ahmed Tinubu is to encourage private, (domestic and foreign) investment to grow the economy and create jobs, thereby reducing poverty.

[TheCable]

At the end of AFCON 2023 in February, Jose Paseiro, the Portuguese Manager that took the Super Eagles to Cote D’Ivoire became history. His contract was not renewed by the Nigeria Football Federation despite getting to the final of the championship and putting up a credible performance through most of the championship. The majority of Nigerian football fans insist that he is not good enough for Nigeria’s ambitions into the future.

Since then, some 6 weeks later, the Nigeria Football Federation, NFF, have been unable to announce a new gaffer for the senior national team. There appears to be a ‘go slow’ at the bottleneck of selecting the right manager for what would be a new national team.

Two friendly matches were played under a temporary arrangement with the Nigerian assistant coach to Paseiro, Finidi George, in charge. The team won the first friendly against Ghana, but lost the second. The loss to Mali may have sealed Finidi’s fate as the new coach. Despite the team’s unpreparedness for the insignificant friendly match, Finidi working alone on the bench without any other member of the technical crew, and several players not available or reluctant to play, those that don’t like the face of a Nigerian as head, have been unrelenting in condemning Finidi’s seemingly poor technical performance in that match.

Since then, with 6/7 weeks to the next very important World Cup qualifying match to play, the debates and controversy have dominated the media space over who should lead the team. Should it be another foreigner, or a Nigerian for a change? There have been 200 million opinions. Every Nigerian has become an expert. In the midst of these discordant voices, the NFF must make an announcement soon.

One thing is clear, except amongst some academic hard-line critics of Nigerian coaches, there appears to be little appetite for another half-baked foreign coach in Nigeria. The rackets attached to the hiring of foreign coaches may not find accommodation in a beleaguered government trying to reduce corruption in the system. The NFF does not have the funds, and the federal government will not accommodate the humongous fees of foreign coaches in the present dispensation.

So, it will be a Nigerian as next manager of the Super Eagles.

Why has the NFF not identified the most suitable amongst those that have indicated an interest, or that the body has identified and appointed a new national coach?

There is a lot of politicking ongoing. Nigerian coaches appear not to tick all the boxes of requirements, not eliciting the confidence of several officials of the NFF with vested interest in particular aspirants.

As things stand, however, a decision has to be taken now.

Most fingers point in the direction of a former international player.

He appears to be the preferred choice of most Nigerians in the media, particularly the social media.

I will not be surprised if Emmanuel Amuneke gets the final nod to lead the team. It will become a huge task to dispel the serious reservations about his choice by those familiar with his antecedents when he was in one of the junior teams.

PARIS 2024 Olympics – My Olympics story!

I have just made up my mind to attend the Paris Olympic Games this summer.

It will be my first time at the Olympics and not as an athlete.

In 1976, at the Montreal Olympics in Canada, I attended as an athlete but did not participate. Along with the rest of the world, I tasted the incursion of politics into sport and the first deployment of sports diplomacy in international affairs. the names of all the athletes from 30 countries that were involved in the boycott of the games were not recorded in the International Directory of Olympians at the International Olympic Committee, IOC.

In 1980, without officially qualifying for the Moscow Games, but benefitting from the crisis that followed Russia’s invasion of Afghanistan, leading to the boycott by several Western countries led by the USA, the Green Eagles were invited to the Moscow Olympics. I led the Nigerian national football team and doubled as co-captain (with Ahmeed Adio) of the overall contingent to become a registered member of the exclusive club of Olympians.

I would have attended the 1996 Games in Atlanta, USA, as manager of Chioma Ajunwa and Charity Opara. Unfortunately, when I applied for a visa to the Games from my base in the UK at the time, the interview date given at the American embassy was weeks after the Games would have ended. That’s how I sat at home in London, and missed the opportunity of attending the Olympics as a manager of athletes. My two wards won a Gold and a Silver medal.

At the 2010 Games in London. I was at ‘home’. I watched the Games as a tourist, attending a few events LIVE from the stands, but most from the giant screens at the Nigerian village set up for the huge Nigerian population in the UK.

During the last Olympic Games in Tokyo, I became inventive. I did the seemingly impossible. I became an invisible ‘fly on the wall’ reporting from Nigeria everything about the Nigerian contingent at the games with the deployment of technology and the collaboration of athletes and officials at the games.

Now, Paris 2024 Games are here.

I have a strong feeling Nigeria will come away with several medals. The feeling is strong. There are some obvious athletes in the winning zone already.

Having said that, the spirit of the Olympics is more in participating than in winning. That’s why as many athletes as have achieved the qualifying times and distances should be given the opportunity to experience the Olympics. I hope Nigeria will take all the athletes that attain the qualifying standards to Paris 2024.

Winning’ is not only about coming ‘first’.

From AFCON 2023, Nigeria gave a new and interesting definition to ‘winning’.

The country’s national team, the Super Eagles, for 4 weeks, provided the glue that united the country at a time when the country was going through difficult times in perennial economic, political and social challenges. As the Super Eagles, a team that was not given a chance to win by fanatical Nigerian football fans on the even of the championship, started to play well and to win matches in dramatic fashion, the spirit of nationalism took over the country. Temporarily, for a few weeks, Nigerians set aside their hardship, divisions and differences, and focused attention on the feel-good success of the Eagles on the football field. Even President Bola Tinubu became a part of the championship, following the Super Eagles on television all the way to the final match. With hopes sky-high, the entire country rallied around the team and supported their bid to win the most prestigious sports trophy in Africa, only for the hopes to be dashed at the last hurdle.

Despite the disappointment of that defeat, the country demonstrated uncommon appreciation of what the team had done for the psyche of the citizens during the period, a reminder of positive possibilities beyond AFCON, by spreading out the Red Carpet to welcome back the football heroes, compensating the team that came second with rewards unheard of in sports history. It was a beautiful confirmation of that Olympic truism that to be a ‘winner’ you do not have to come ‘first’.

God willing, I shall be at the Paris 2024 Olympics to report Nigeria’s success, first hand!

Tunde Onakoya says chess, in 2022, allowed him to travel out of Nigeria for the first time.

On Wednesday, Onakoya commenced his attempt to break the Guinness World Record (GWR) for the longest chess marathon.

The marathon chess playing was held at Times Square in New York City, US.

The chess master aimed to play different games for 58 hours without losing.

Announcing his attempt, he said he hopes to empower illiterate children across Africa through the feat.

Onakoya achieved the feat in the early hours of Saturday.

Speaking at the venue of the event, the child education advocate revealed that he grew up in the slums.

Onakoya said the first time he got on a plane to leave Lagos in Nigeria was two years ago.

He added that playing chess allowed him to discover his potential.

“What we are advocating for is that there are millions of children without access to opportunities like us,” he said.

“And it is important that they feel seen just like the way the rest of the world sees me now because of my capacity to do this thing that everyone seems so marvelled by.

“But in actual reality, I also grew up in the slums like these kids. The first time I ever left Lagos was just two years ago.

“The first time I ever got on a plane to leave my country was two years ago. Chess gave me an opportunity to find out what I could truly become.

“And I think that’s the greatest gift that you could ever give anyone, by helping them see their potential.”

Onakoya is the founder of Chess in Slums Africa, a nonprofit organisation.

The chess master earlier said that the “ultimate goal” of his world record attempt was to raise the sum of $1,000,000.

He said the money will be used to transform the lives of underserved children across Africa.

As of the time of this report, the fundraiser has garnered over $108,000.

It is believed the Nigeria Football Federation, NFF, have a final shortlist of three coaches, from which they will pick the next head coach of the Super Eagles.

They are: Emmanuel Amunike, Domenec Torrent and Antonio Conceicao.

“I think that, in the first place, it must have been a quite underwhelming set of applicants that these are the three best candidates,” Solace Chukwu, Site coordinator, AfrikFoot NG tells DAILY POST.

“Conceicao has the strongest merit but Amuneke has not managed anywhere in a few years and Torrent has extremely limited success and/or experience as either a head coach or in international football.”

Amunike is the only local coach on the shortlist. He excelled as coach of Nigeria’s U17 team, leading them to glory at the FIFA U17 World Cup.

He also led Tanzania to the 2019 Africa Cup of Nations – their first in nearly 40 years.

However, Amunike’s record with Egypt’s Misr Lel Makkasa and Zambia’s Zanaco left much to be desired.

The 53-year-old coach also failed to help the Nigeria U20 team qualify for the AFCON in 2017.

Conceicao, 62, is no stranger to African football, having previously managed Cameroon.

He led the Indomitable Lions to a third-place finish at the 2021 Africa Cup of Nations on home soil.

Since leaving the Cameroon position in 2022, Conceicao has been without a job.

Torrent is a former assistant to Manchester City manager, Pep Guardiola,

The 61-year-old has worked closely with Guardiola throughout his coaching career, including stints at Barcelona, Bayern Munich, and Manchester City.

Torrent has since transitioned into a head coach role himself. Apart from coaching Girona, he has managed in Major League Soccer (MLS) with New York City FC.

The Spaniard has also coached Brazilian Serie A club, Flamengo, and most recently led Turkish Super Lig side, Galatasaray.

It is believed that Torrent is a big favourite among NFF board members.

So, do those in the football house have an obsession with foreign coaches?

“That does seem to be the case. While some might attribute that to thinly veiled internalized prejudice against our own indigenous coaches, I think we also have to consider the fact that our indigenous coaches seldom do enough to test and prove themselves worthy.

“That, I feel, is the bigger issue. If a Nigerian coach went to, say, Morocco, South Africa or Egypt, and won league titles there, on what basis would anyone question their viability?

“Keshi qualified Togo for a World Cup and took charge of Mali as well. When he was appointed, even those who had a problem with his personality could not say he was unqualified for the role,” Chukwu explains.

So, why should the NFF go ahead and appoint Amunike instead of a foreigner?

“Well, it depends on who the foreign person is, really,” Chukwu notes.

“I’m personally not persuaded any foreigner is better than Amunike (or any indigenous coach for that matter).

“However, speaking objectively, there is no Nigerian candidate who applied that combines international experience, (a measure of) success, and (if ongoing/recent employment can be considered a proxy for that) currency of ideas.”

The National Open University of Nigeria (NOUN) has faced hurdles regarding its students’ participation in the National Youth Service Corps (NYSC) program.

This is due to the university’s distinct structure as an open and distance learning institution, which doesn’t conform to the traditional requirements of NYSC involvement, necessitating physical presence on a university campus for a designated period.

The genesis of this situation can be traced back to the establishment of NOUN.

During the Fourth National Development Plan (1981-1985), the National University Commission (NUC), under the leadership of Prof. Jubril Aminu, proposed the creation of an autonomous Open University for Nigeria.

The Federal Government embraced this proposition and later incorporated into the National Policy on Education in 1977.

Section Five Paragraphs 40, Sub-section A of the Policy emphasised the government’s commitment to extending higher education access through various means, including universities, correspondence courses, open universities, part-time, and work-study programs.

The ineligibility lies in NUC’s regulations, which bar individuals enrolled in part-time studies from participating in the NYSC.

This restriction is rooted in the original act establishing NOUN, which describes the university’s mode of instruction as correspondence-based, thus categorising it as part-time education and rendering its students ineligible for NYSC enrollment.

Efforts to address this discrepancy have been ongoing.

In 2018, the Nigerian Senate passed a bill to grant NOUN graduates the opportunity to participate in the NYSC and enroll in the Nigerian Law School.

This legislative action marked a significant stride toward integrating NOUN graduates into national service programs, hinting at a potential shift in policy to accommodate NOUN’s unique educational framework.

Last modified on Tuesday, 23 April 2024 12:03

Following a recent criticism and condemnation from members of the public over the report of N42 million as school fees per annum for each primary school student and N2 million as a non-refundable registration fee at the Charterhouse, a private-owned British school which is newly opened in Lagos and its first in Africa, the management has reacted.


Meanwhile, some had described the fees as extremely outrageous and also a waste of scarce resources for any parent to pay such a huge amount of money to sponsor just a primary school pupil in an economy such as Nigeria’s where the majority of citizens wallow in abject poverty and the minimum wage is just N30,000 per month.

Some others also expressed reservations on the matter, which went viral on the social media space, especially X (formerly Twitter), stating that it is not by compulsion for any parents to enrol their children in the school.

But the school in its reaction denied knowing the public outrage against its fees.


It says people have the right to express their opinions and feelings on their fees and any other issues they feel concerned about, but parents who have an interest in bringing their children to Charterhouse are not complaining.

ALSO READ: Sanwo-Olu, British envoy excited as UK private school opens in Lagos

Speaking to Tribune Online in an exclusive interview, the director of Communications, Admissions and Marketing of the school, Mr Damilola Olatunbosun, explained why the school has to charge up to that amount.

He said, “Charterhouse is not just like every other school anywhere globally but a prestigious and value-driven world-class educational institution that parents, who love quality and second to none education will always want their children to be.”


He noted that since the school was officially launched last September, many parents have shown interest in enrolling their children.

According to him, most parents who come to us are not surprised about our fees as it is within what they can afford.

“Some parents are here in Nigeria and some based abroad. And they know the quality of education we will give to their children. It is about value and not whether the fees is high or not.

“They know it will cost them more if they are to send their children abroad and get the same quality and value we will give them here in Nigeria. The foreign exchange and the associated costs as well as nearness.

“Even though, we are yet to commence academic activities and we have not also done with our construction works, no school in Nigeria has the facilities we have already put in place.

“And it is not all about physical structures in Charterhouse, but also about quality, both academic and extra-curriculum, and value for our learners.

“Schooling in Charterhouse Lagos will be the same as in Charterhouse UK or any other high-profile UK-based school. The only difference is that the Chaterhouse here will be immersed in the Nigerian culture thereby giving our students the best of British education in a multicultural environment.


“So, we are not just any other school, and many prominent Nigerians, who are either products of Charterhouse or have any of their children or relations attended the school in the UK are very glad that Charterhouse is now here in Lagos Nigeria.

“Even here in Lagos, there are some schools, for example, that charge in millions of Naira per annum while some in hundreds of thousands and yet some others charge something lesser.

“So, it is now left for parents to decide which one to enrol their children based on the value they want and their purse.

“We are building on 70 hectares of land in Lekki and it will cost us over $150 million at completion and that is why we are very sure that by the time we are done, people will appreciate us better.”

Olatunbosun explained further that even though the original plan of the school is to open its primary school section doors for its first batch of pupils this September, the second batch which is for junior secondary school students in 2026 and the third batch, which are senior school students two years after, the school has now decided to bring backwards the second batch to 2025 based on the parents’ demand.

“So, those who want quality and familiar with Charterhouse know why their children must come to our school.


When asked if the school had ever envisaged huge patronage even at inception, he answered in affirmation, saying “We knew that most Nigerians value quality education and those who have the financial wherewithal would not mind to pay for it.

“So, to us, we are not surprised about the large number of patronage we have received so far.”

Speaking on whether the school would now likely adjust its fees downward particularly due to the wide criticism, the school’s spokesman emphasised that parents coming to enrol their children know and understand that accessing quality education will not come cheap.

According to him, “education is like somebody who is hungry and wants to take lunch and go to a restaurant where a plate of food is N5,000 and another go elsewhere to take the same size of food at just N2,000 and yet another go elsewhere where he or she will get it for N15,000 or more.

“Though the food may look alike, their value will never be the same.

“So, it is about providing value for money and that is what we do at Charterhouse.”

President Bola Tinubu has congratulated Nigerian chess master, Tunde Onakoya, on setting a new world chess record and sounding the gong of Nigeria’s resilience, self-belief, and ingenuity at the square of global acclaim.

Onakoya broke the Guinness World Record (GWR) for the longest chess marathon on Saturday, after playing for over 58 hours and winning every match in tow.

President Tinubu, in a statement by Presidential spokesman, Ajuri Ngelale, celebrated the Nigerian Chess Champion and founder of Chess in Slums Africa for the rare feat, but especially for the reason driving this compelling demonstration of character, which is raising funds for African children to learn and find opportunity through chess.

The President stated that Onakoya has shown a streak customary among Nigeria’s youth population, the audacity to make good change happen; to baffle impossibility, and propel innovations and solutions to the nation’s challenges, even from corners of disadvantage.

The President affirmed that Nigeria’s youths have demonstrated in all fields, including Afrobeats, Nollywood, the pulsating skit-making enterprise, education, science, and technology, that great exploits can truly come from small quarters.

President Tinubu commended the inclination of Nigerians – across artificial partitions – for unity, once again exemplified through their undiluted support for this epoch-making endeavour.

The President assured all citizens that his administration remains strongly committed to creating and expanding opportunities for the youth to explore and exercise their abilities and become the symbols of greatness our nation represents into the future.

Tunde Onakoya, a chess master from Nigeria, achieved a remarkable feat on Saturday, April 20, by setting a new Guinness World Record for the longest continuous chess marathon.

On his official X account, he excitedly shared the news with his followers, expressing determination to push the record to 60 hours while emphasizing the charitable cause behind his endeavor – raising funds for the education of underprivileged African children worldwide.

Surpassing the previous record of 56 hours and 9 minutes set by Norwegian players, Tunde’s marathon took place at the iconic Times Square in New York City. 

Partnering with US counterpart Shawn Martinez, both national masters, Tunde aimed not only to break a record but also to draw attention to the importance of providing educational opportunities to disadvantaged children across Africa.

 

As of Saturday morning, Onakoya has garnered nearly $100,000 in donations.

Joined by Martinez after 23 hours of play, the duo continued their quest, garnering support from notable figures including Nigerian President Bola Tinubu, Lagos State Governor Babajide Sanwo-Olu, and musicians Davido and Adekunle Gold.

Through their determination and support, Tunde and Shawn showcased the power of unity and love in making a positive impact on the world.

Last modified on Saturday, 20 April 2024 12:41