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NASACOF describes Obaseki’s Claim as unscrupulous mischief 

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By Yaseer Ahmad

A joint of non governmental organisations popularly known as Non-State Actors Consultative Forum (NOSACOF) Comprising
Kano,Katsina,Zamfara,Imo,Kaduna,Niger and Sokoto State Chapters have described the claims of printing N60 billion made by the Edo state governor Godwin Obaseki as unscrupulous mischief.

This was contained in a statement signed and issued to news men by NOSACOF join coordinator Omaru Ibrahim adding that is a deliberate Attack on Minister of Finance, Budget and National Planning.

The statement said, NOSACOF are deeply troubled by the increasing use of disinformation and tainted truth by some politicians to misguide and misinform public about government policies for mischief political agenda.

According to the statement, over the last 6 – 7 years, Nigeria was faced with challenging financial and economic problems characterised by a series of increased inflation, unemployment and Naira depreciation. This is because; Nigeria is a mono economy, dependent on crude oil exportation for its survival and importation of virtually everything.

It said, Unfortunately previous administrations lead by the People’s Democratic Party (PDP) failed to use the crude oil earnings to diversify the economy nor save for rainy days. Instead most of these earning were stolen through unscrupulous contract awards as well extravagant spending by government officials.

The statement maintained that, the incoming President and his administration had to embark on numerous fiscal and economic policies that will increase government revenues, reduce unemployment rate and cut down on imports.

According to the statement, Unfortunately, members of the People’s Democratic Party (PDP) whose administrations were responsible for Nigeria’s economic woes have been nothing but a nuisances and Sometimes they sort into blackmailing government officials, just to deter them from implementing the needed economic policies.

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“Recent happening regarding the unscrupulous claims by the Governor of Edo State Mr Godwin Obaseki that the Central Bank of Nigeria printed N60 Billion which was shared as federation allocations was nothing but to gain cheap political points against the APC led administration.

“And as usual members of his party have jumped on this opportunity to politically harass and blackmail the Honourable Minister of Finance, Mr Zainab.Facts and figures of the revenues shared as federal allocations in March 2021 shows that, all revenues were listed accordingly.

“VAT – N157.327 billion, Petroleum Profit Tax (PPT) – N137.583 billion, remittances by the Department of Petroleum Resources (DPR) – N133.583 billion, Nigeria Customs Service (NCS) – N89.350 billion, Company Income Tax (CIT) and related taxes – N66.356 billion, remittance by Nigerian National Petroleum Corporation (NNPC) remitted – N64.161 billion, remittance by the Ministry of Mines and Steel Development (MMSD) – N976 million.

The statement maintained that, the Overall a gross income of N649.336 billion was recorded, however, after 13 percent derivation payment to oil-producing states were netted off, the total revenue to be shared reduced to N596.944 billion. After N8.645 billion withdrawn from the forex equalisation fund account is added, a grand total of N605.589 was shared by the three tiers of government.

The breakdown shows that the federal government receive N205.160 billion as its share, while the 36 states received N166.085 billion and the 774 councils N122.853 billion and oil-producing states shared an additional N37.143 billion as derivation payment.

According to the statement, it is common practice in both developed and developing countries to print money during difficult economic times, the responsibility mostly lies on the advice and suggestions made by the Central Bank.

The statement maintained that, the Nigeria’s CBN governor Mr Godwin Emefiele has personally addressed the issue of printing and have made it clear that printing money is a responsibility of the Central Bank and it is mainly done for intervention measure.

The statement then, called on the public to disregard the media campaign of calumny against the person the Honourable Minister Mrs Zainab Ahmad and urged the minister to keep giving her best for the betterment of our beloved country.

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Lai Mohammed Lied Against Truth and Must Apologize to Nigerians-Atiku 

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PDP Presidential candidate Atiku Abubakar

The Peoples Democratic Party Presidential Campaign Organisation has observed with utmost dismay the very poor attempt by the Hon. Minister for Information and Culture, Alhaji Lai Mohammed to turn truth on its head.

The PDP Presidential campaign Council made the statement in a release issued to newsmen

While the minister was making a barren attempt to catalogue perceived achievements of the current APC administration, he did the unbelievable by claiming that the policy documents and proposals espoused by Atiku Abubakar PDP presidential candidate, are the version of the economic blueprint of the APC.

That is a tsunami of a lie!

To begin with, it has been openly acknowledged that this current administration came into power without a single sheet of paper of what could be called a policy document. Nigerians are aware that in both 2015 and 2019, it took the APC six months and three months, respectively to constitute a cabinet. Perhaps the Minister might be interested in telling Nigerians if it is also part of the APC manifesto to foot drag in forming a government.

It is on record that the first economic recession that the country experienced in 2016, which happens to be our worst economic decline in thirty years, happened primarily because the APC administration applied what can be called a catch-up strategy to the early signals of the recession.

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That is why till this day, Nigerians are more agreeable to the fact that the tenure of the APC has been nothing but a sheer waste of time, all thanks to the catch-up economic strategy of the ruling party that has left the people more malnourished, sick and disillusioned.

The poor records of the APC in the areas of economic management, jobs creation, education, security and in virtually all spheres of our national life is the reason why there is a lot of anxiety about the 2023 general election. Indeed, it needs to be stressed that next year’s election will be a referendum on the APC and it is not in doubt that the ruling party in Nigeria will present a global case-study of how a political party can lose popular goodwill within a short period of time.

Nigerians of all hues, both the rich and those that are not; the educated and those who are not; the elderly and the young are all witnesses to the scandal that the APC has become in the art of governance. Nigerians are rallied in their frustration in the APC and the promise of a better future that our presidential candidate, Atiku Abubakar holds for the country after his victory in the 2023 presidential election.

What Minister Lai Mohammed reeled out as achievements of the APC is a compilation of the reasons why Nigerians have roundly rejected the ruling party. It’s nothing but a testimonial of failures. Conversely, what His Excellency Atiku Abubakar presented to the organised private sector in Lagos State last week represents the hopes of a new beginning, which Nigerians eagerly anticipate.

Trying to associate the Atiku policy plans with the failed policies of the APC is the comical height of Minister Lai Mohammed’s aversion for the truth.

It is contempt not just against the PDP and our presidential candidate, but also to the whole nation. Lai Mohammed must apologize to Nigerians for such insensitive onslaught against truth in broad daylight.

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Top 50 Brands: Dangote emerges Most Valuable for the fifth consecutive year

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Alhaji Aliko Dangote

 

Dangote Industries Limited (DIL), has emerged as the Most Valuable Brand in Nigeria for a record 5th year in a row at the outcome of the 2022 corporate brand evaluation, conducted by the leading brand and marketing research firm, TOP 50 BRANDS NIGERIA.

Dangote emerged top with an aggregate score of 83.7 Brand Strength Measurement (BSM) Index score. This is followed by MTN, Globacom and Access Bank in fourth place.

Others among the top 10 are Airtel Nigeria, Coca-Cola, Zenith Bank, GTCO, First Bank and UBA at fifth to tenth positions respectively.

The annual top brands’ evaluation report which is now like a report card, with which top corporate brands have an independent opinion about their brand performance, from the consumers’ points of view has also become a sort of ‘bragging’ right and a source of pride for the brands that made the top 50 league table, particularly, those that took the lead.

In a press statement release after the public presentation, the rating firm said “The annual top brand evaluation is a qualitative, non-financial estimation of value of top corporate brands in the country. A measure of consumers’ perceptions and how positive or otherwise towards a brand, and how this affects its overall strength, using the Brand Strength Measurement (BSM)index, a model that tests a brand’s ability to deliver on its promise to the consumers from the consumers’ points of view.

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Chief Corporate Communications and Branding officer of Dangote Group, Anthony Chiejina said: “Dangote’s emergence, for the fifth year consecutively, did not come as a surprise to industry watchers. The brand has steadily increased its influence in many African nations through the establishment of cement factories. It operates in about 13 African nations making it one of the most visible, recognized and admired brands in Africa”

In his address to the owners and promoters of the top brands, TOP 50 BRANDS NIGERIA CEO, Taiwo Oluboyede said, “Brand has become a critical differentiator that helps consumer’s choice and also separates the top corporate organisations from the others and even much more. It is also consumers’ buying choice justification” He likened the task of building formidable and continuously strong brand to a flower, he said “When you plant a flower, you keep watering and pruning it to grow and until it blossoms, and this you do for its lifetime” If you omit or forget to prune or water, regardless of how beautiful it is at the beginning, it dies. The same is applicable to brand. That is why we have seen brands that dropped from the 50-league table in recent times, while new ones emerge.”

He said further “So, the responsibility lies with the owners and promoters to consistently maintain compelling propositions and live up to their promises. As we all know, it’s not just about making proposition, but living up to its demands and consistently so. This is what makes a top brand.”

For the 2022 evaluation, Nigerian-owned brands again dominated the top 10, with 7 brands. Dangote leading the pack, followed by Globacom, Access Bank, Zenith Bank, GTCO, First Bank and UBA

Five brands among top ten are banks while 3 are telecoms. Nine of the top ten were among the top 10 last year, with Access Bank making a dramatic leap to fourth place, effectively topping the Banking and Financial Services Categories.

Four brands, maintained their previous year’s position among the top 10, while six of the top 10 had maintained top 10 positions for 7 years consecutively. Overall, 28 or 56 per cent of the 50 Brands are multinational brands, while 22 or 44 percent are Nigerian. PZ Cussons Nigeria Plc emerged as the highest gainer this year by moving up 10 places, from 38 last year to 28th position. Rite Foods, another Nigerian brand emerged as a first entrant into the annual brand ranking this year.

Fifteen (15) brands maintained their 2021 position- these are (Dangote, MTN Nigeria, Globacom, First Bank, Nestle Nigeria Plc, Guinness Nig Plc, Nigerian Breweries, Seven-up Bottling Company, Julius Berger, FMN Plc, Chi Limited, Oando Plc, Energies, P&G, Axa-Mansard and TGI.

Furthermore, the Banking & Financial Services category had the highest entries with – 11 brands, that is, 22%.  Access Bank topped the category, and consumer goods followed with – 8 brands. That is 16%. Dufil Prima Foods topped the list.

Conglomerates had 7 brands. that is 14% with Dangote Group on top, beverages came at the fourth place with 6 brands. That is 12%. Coca-Cola topped the category, Oil & Gas and the Insurance categories had 3 brands each, amounting the 6% each. Oando Plc and AIICO Insurance topped them respectively and electronics, mass media and Building & Construction Services returned with 2 brands each that is 4% for each. Samsung, Multichoice and Julius Berger topped their respective categories.

Meanwhile, agriculture and automobile have 1 brand each, an equivalent of 2% of the total top brands. Olam International and Toyota Nigeria topped their individual group.

In his contribution to the annual top brands’ evaluation, Mr Olufemi Awoyemi, Chairman Proshare Nigeria said “First, it is commendable to see that in the evaluation process used in ranking the brands, professionals such as Chief Marketing Officers and Head of Corporate Communications and Reputation Managers. Eight (8) companies listed on the Nigerian Exchange Limited (NGX) made the list of top 10 brands in Nigeria. With the thorough evaluation process and degree of attention to detail evident in the report, the list indeed provides a true and fair representation of top brands by strength, popularity and potential in Nigeria.

 

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Breaking:Court Directs  ASUU To Call Off Strike

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President Buhari, Middle,ASUU President and Minister of Education

The National Industrial Court has ordered the Academic Staff Union of Universities (ASUU), to call off the ongoing Strike.

Delivering a ruling on the interlocutory injunction filed by the Federal government, Justice Polycarp Hamman restrained ASUU from continuing with the industrial action pending the determination of the suit.

Justice Hamman who is a vacation judge ordered that the case filed should be returned to the president of the Industrial Court for reassignment to another judge.

The Judge further held that the industrial action is detrimental to public university students who cannot afford to attend private tertiary institutions.

He said the Trade Dispute Act mandates workers not to embark on strike once an issue has been referred to the industrial court.

Justice Hamman also upheld the application of the Federal Government saying it was meritorious and granted.

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