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Nigeria Ranks Lower Than Rwanda In Innovation-Sanusi

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Former Central Bank (CBN) Governor and immediate past Emir of Kano, Muhammad Sanusi II, on Friday said the Nigerian economy is about to collapse totally as he warned that oil which he described in parable as the goose laying the ‘golden egg’ for the country is about to die.

Sanusi who spoke at the closing of the Kaduna Investment Summit, tagged KadInvest 6.0 said aside the fact that Nigeria is having difficulties in oil production, the product is now being rejected in the global market, as there is no longer a future in carbon.

The former CBN governor who pointed out that the future lies in knowledge based economy, which is the theme of the summit, however lamented that Nigeria is behind many African countries in innovation index and ranking 114th globally.

He lamented that while Ghana with a smaller economy invests more in education, Nigeria spends only seven percent of its budget in that direction, saying that, only eight of every 100 Nigerians who start primary school, complete university education.

According to him, “globally, work is being redefined. 30 to 40 per cent of workers in developed economies will need to significantly upgrade their skills by 2030. And what are the major drivers of this redefinition? ICT and remote working, which we have seen even here with COVID. There is increased automation and artificial intelligence. Very soon, robots will take over work in most countries and those who would have jobs are those who operate the robots or manufacture the robots or service the robots.

“And you have decarbonisation. For us in Nigeria, the enclave economy that we have, the so-called goose that lays the golden egg is about to die. There will be no eggs. The future is not in the carbons.

“A few months ago, Germany was able to produce enough renewable energy for the entire country’s needs. Today, we are having difficulties selling Nigerian oil. So, not only are we having problems to produce, even when we produce, the market is not there.

“So, this is forcing a change, and for us as a country that depends on oil, things need to change.

“Nigeria is ranked 114th in the global innovation index. We are lower than other African countries such as Kenya, Rwanda and Senegal. We are in fact ranked 14th in sub-Saharan Africa. I think we should have this reality check and know where we are as a country. Let’s stop calling ourselves the giant of Africa, because we are the giant with clay feet.

“Countries like Kenya, Rwanda and Senegal are ahead of us. I am not even talking about South Africa. Our expenditure on education is only seven per cent of the budget. We are spending less on education than Ghana; I am not talking about as per percentage of the budget; in absolute terms, even though the Ghanaian economy is much smaller than the Nigerian economy, even though the Ghanaian government revenue is less than Nigeria’s revenue, Ghana is spending more on education than Nigeria.

“And we are surprised that industries are moving to Ghana. We are surprised that the Ghanaian president has become the leading President in Africa? We are not investing in education and human capital.

“We have a 68 per cent missing job requirement and the major areas being IT, communication and decision making. And the completion rate between entry into primary one and completing university is eight per cent, meaning that out of every 100 pupils who go into primary school, only eight come out of university. And out of those eight, nine percent, which is one of the eight, will get a job.

“So, this is the reality in addition to what is happening globally. Now, digitization to level the playing field is required if we are deliberate and we shift from consumption to value creation. But, part of our problem is that even when we have the solution at our feet, we do not take it,” he said.

Meanwhile, the Kaduna State government said it will be introducing ICT skills in vocational institute and also in primary and secondary schools across the state.

Governor Nasir El-Rufai in an interview at the summit said his administration believes that the future of jobs in the world today will be digital. “So everyone needs digital skills and we intend to provide that and we have an agreement with IHS to cover Kaduna with 3g and 4g network so that everyone will have access to the internet,” he said

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Breaking: Man Sets Mosque Ablaze During Subhi Prayers

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A disturbing incident unfolded in Laraba Abasawa, Gezawa Local Government Area of Kano State as an unidentified man set fire to a mosque during the early hours of Wednesday morning.

The arson attack occurred while worshippers were observing the ‘Subh’ prayer, resulting in harm to members of the community.

According to reports from the Daily Trust, the assailant used petrol to ignite the fire, trapping approximately 40 worshippers inside the mosque. The perpetrator then locked the mosque, exacerbating the situation and hindering the victims’ escape.

A member of the community, who preferred to remain anonymous, recounted the harrowing ordeal, stating that it took some time for people outside to become aware of the incident and rescue those trapped inside. Eventually, bystanders managed to break open the mosque’s doors and rescue the worshippers.

Tragically, at least 20 worshippers sustained serious injuries in the attack and were promptly rushed to the Murtala Muhammad Specialist Hospital in Kano for medical treatment.

This reprehensible act of violence against worshippers has shocked the community and raised concerns about the safety and security of religious institutions in the region.

Authorities are expected to conduct a thorough investigation into the incident and apprehend the perpetrator to ensure justice is served and prevent similar incidents in the future.

Daily Trust

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Rep. Bichi Hails President Tinubu For Approving 238 Billion Naira Kano Northern Bypass Construction

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Rep Kabiru Abubakar Bichi

 

President Bola Ahmed Tinubu GCFR has approved the construction of the Kano Northern Bypass, marking a significant step towards enhancing the state’s infrastructure. The approval came during a session of the Federal Executive Council held on Tuesday, May 14, 2024.

The ambitious project, estimated to cost N238 billion ($580 million), promises to revolutionize transportation and commerce in Kano, positioning it as a key hub not only within northern Nigeria but across West Africa. The bypass is hailed as a long-awaited solution to traffic congestion and logistical challenges, expected to streamline the movement of goods and services.

Hon. Abubakar Kabir Abubakar, Member of the Bichi Federal Constituency and Chairman of the House Committee on Appropriations, expressed elation at the presidential nod for the project. He emphasized its potential to catalyze economic growth by facilitating the establishment of industrial clusters and generating employment opportunities for Kano’s burgeoning population.

The decision underscores President Tinubu’s commitment to prioritizing critical infrastructure development as a catalyst for socio-economic transformation. Acknowledging the significance of the investment, Hon. Abubakar extended gratitude to the president, voicing support from the people of Kano State.

In a statement of gratitude, he offered prayers for President Tinubu’s continued wisdom, health, and leadership, echoing the sentiment that under his guidance, the nation would ascend to greater heights.

The approval of the Kano Northern Bypass marks a milestone in Nigeria’s infrastructure development, promising tangible benefits for the region’s residents and businesses while signaling a broader commitment to national progress.

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17 year old found wearing belts suspected to be bomb

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By Asile Abel,Jos

Residents around the UBA bank in Dadin Kowa, Jos South, Plateau State has prevented a bomb attack after a seventeen year old boy, Benjamin Basil was found in the bank wearing belts packed with suspected Person Borne Improvised Explosive Device.

According to eye witness, the residents spotted the suspect strapped a bomb to his body and apprehended him before he could carry out his objective on Monday, 13th May

However, when asked why he was strapped and ready to detonate the explosives, he said he was forced by unknown Gunmen to forcefully get 100 million naira from the bank.

“I met some people who said if I don’t cooperate with them, they will explode me and I will just die. And everyone in the bank will die. Then I said, okay, I’m willing to cooperate. But first of all, let me try and document it. In the beginning of the note I wrote read from beginning to the end. Then I showed them. At that point I realized that they couldn’t read. So I took advantage of the situation.

“I Wrote to inform the cashier that I’m wrapped in suicide bomb at gunpoint. And I’m doing this against my will, I told him so that he will call for help. They also told me that when I come out With the 100 million naira Iam to collect from the bank in the two bags they gave me, twelve of their men will be waiting outside and they will collect the bag from me. Then they will disconnect the bomb from their own side”

Reacting to the incident while briefing the commissioner of Police Plateau state command, Emmanuel Adesina however denied that it was not a bomb, he explained that the individual, identified as Benjamin Basil, a student of Plateau State Polytechnic, Barkin Ladi Heipang Campus, entered the bank premises and threatened to detonate explosives unless his monetary demands were met.

Adesina while appreciating the swift action of police officers and local residents, added that the suspect was apprehended before any harm could be inflicted, averting a potential catastrophic incident.

He noted that the case of the suspected suicide bomber is presently under thorough investigation by the state Criminal Investigation Department (CID) to ascertain the veracity of his claims and identify any potential accomplices.

“On 13th May, 2024 at about 12pm, we received a distress call from UBA Sparkling Junction, Dadin Kowa, reporting a suspected armed robber who had entered the banking hall with suspected explosive devices tied around his body, and handed over a note to the cashier demanding for the sum of 100 Million naira under the threat that the explosives would be detonated if his request is not granted.

“The bank attendant immediately reported to the manager of the bank who swiftly reported to the Police at Rantya division and evacuated the customers from the bank. On sighting the Police vehicle, the suspect panicked and started running out of the bank. In the process, our Police officers posted at the bank saw him running and pursued him with the help of the youths in the area, the suspect was arrested. His name is Benjamin Basil male, a student of Plateau State Polytechnic, Barkin Ladi Heipang Campus.The case is currently under investigation at the state CID, to ascertain the validity of his claims and arrest possible suspects;”

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