Events

Investment in Football Capable of Growing Nigeria’s Economy – Abubakar Lawal, GMD, GTI Group

Published

6 years ago

June 10, 2018

Eric

Photos by Ken Ehimen

In the face of several challenges that have in recent times befuddled optimal performance in Nigerian football, preparations for the Russia 2018 Mundial has succinctly buttressed the importance of investing in the sector, which holds great economic potentials for the country.

This fact was made bare at the GTI’s first Football Townhall Meeting with investment and finance analysts, policy makers; finance and sports journalists in a brainstorming session on football and its subservience to economic development, at the GTI House in Lagos on Thursday, June 7, 2018.

MD GTI Asset Management, Mr. Amos Aledare

Speaking at the event, the Group Managing Director/Chief Executive Officer, GTI Capital Group, Mr. Abubakar Lawal tasked Nigerians to see the period as best time to invest in sporting activities, especially football as a business that is capable of growing the nation’s economy.

Engineer Adewunmi Adeyemo, MD GTI Micro-finance Bank, Mrs. Hauwa Haruna-Sheidi with a guest

The GMD hinted that, “Apart from oil production in the country, football and other sports competitions have occupied a vantage position in building the desired economy for the country. He reaffirmed the need to shift attention to sporting activities from oil”.

He pointed out that with possible combination of football and oil exploration development, the nation could easily tackle the high rate of poverty level which currently stands at 60.7 percent, grow the GDP and position Nigerian economy on strong pedestal.

Answering questions on how the country missed it, Lawal identified government’s succession problem, negative perceptions against the country and its citizenry, corruption, nationalist problems and other sharp practices like bending the rules as responsible for sports underdevelopment in Nigeria, pointing out that sports provided a veritable platform for public and private sectors to make money for the country and citizens.

Finance Director GTI Group, Mr. Boye Adegbemi with Engr. Adewunmi Adeyemo

On his own part, the Chief Economist/Head, Corporate Transformation, GTI, Professor Martin Ike-Muonso, argued that football in Nigeria served as a means of social cohesion and the building of the communities.

According to him, as at 2012, about 43 million Nigerian youths were actively involved in sports with official statistics suggesting that about 93 percent of this number were involved largely in football.

He said, “3.53 percent of these numbers were professionals while the rest were involved solely for recreational purposes as fans. This is consistent with 2014 Repucom world football report which equally found out that about 85 percent choose football as the favorite sports to watch on TV.

Mr. Nnamdi Obi with Mrs. Olufunke Tona-Obafemi

He further harped on the enormous economic benefits of the game to the country quoting its stupendous accrual to the UK economy.

“The premier league presents a fantastic example of the prospects held by the football economy. The league’s economic impact on the UK economy shows that it improves the national economy by 6.2 billion pounds; domestic output by 3.4billion pounds and 2.4billion pounds in taxes. Over 6000 jobs are directly provided by the league while it supports the provision of more than 103 thousand jobs across the UK through the clubs.”

Mr. Pius Ayinor

Elaborating on the course to take while investing in the sector, Professor Martin averred that;

“A mutual fund type investment vehicle that focuses exclusively on establishing a vibrant football ecosystem may be a good stimulator of these initiatives. Such a vehicle should be able to use the extant tremendous support base to translate the value chains in the sub sector into vibrant generators of surplus values. Substantial parts of funds should be invested in the upgrade of football infrastructure and real estate such as stadia. It should also support the emergence of vibrant clubs and construction and implementation of adequate safety nets for current and past players and eventually birth a private sector driven league”.

Mr. Pius Ayinor, GMD GTI Group, Mr. Abubakar Lawal, Lagos SWAN Chairman, Mr. Debo Oshundun with Group Sports Editor, The SUN Newspapers, Mr. Emma Jemegah

The Managing Director, GTI Asset Management and Trust Limited, Mr. Amos Aledare, listed public, private participation in growing football, encouraging rural talents, personal interest on the side of the coaches, signing of age long football strategic plans and strengthening policy framework in favour of football as leeway to getting back the desired benefits of playing football.

He also called on other stakeholders to commence with immediate effect, major restructuring and investment in the sub-sector and in line with best practices.

Chief Economist and Head, Corporate Transformation, Prof. Martins Ike-Muonso

Several other inputs from participants in the Football Town hall meeting emphasized the need for corporate institutions involvement in football, abstinence of personal interest of the coaches to uphold national interest, a detour to the grassroots to raise talents, an end to legal tussles in NFF, an end to setting up of football clubs mainly as means of siphoning funds from Government etc.

Company Secretary, GTI Group, Ms Omotayo Akapo with MD GTI Micro-finance Bank, Mrs. Hauwa Haruna-Sheidi

Other suggestions to move the game ahead were; calling on government to come up with policies that will enhance private participation, promote conducive business environment to enable local production of kits and jerseys, Infrastructural development, playing by the rule and kick out corruption, creating efficient system that will allow private businesses to come in, following the best practice as done by the rest of the world while restoring investors’ confidence, integrity and transparency in order to put the world number one sport on proper track in the country.

Events

Forty Worthy Cheers for Woman of Substance, Oluwatosin Adegboyega

Published

5 days ago

April 13, 2024

Eric

By Eric Elezuo

Life, they say, begins at 40, and it is not by accident that a woman, well endowed with the very qualities anyone could wish for, and probably do whatever it takes to acquire, is celebrating 40, the beginning of a more prosperous life. She is Oluwatosin Lucy Tobi Adegboyega.

A leader of unassuming status, Lucy, as she is known, has displayed strength and character by quietly turning everything she touches into a cherished ornament, building men and institutions to enviable standard.

Born in 1984, in the prestigious Chelsea hospital, London, Lucy is a proud native of Ondo State, where her parents hail from, a product of the Akinyelure and Odetola families.

As a true born, who places importance in her origin, Tosin came to Nigeria when she was of age to prosecute her secondary, and university education, which she concluded at the Olabisi Onabanjo University (OOU) Ago Iwoye,in Ogun State.

Thereafter, having achieved the most, she returned to London, and took up a career in Psychology and Human Development.

Her line of vocation has given her the leverage to affect lives positively, and has since mentored many young people, provided housing for a whole lot of others among other corporate social responsibilities in conjunction with er husband and closest confidante, Pastor Tobi Adegboyega of Salvation Proclaimers Anointed Church (SPAC), whom she married on August 20, 2011. The couple has waded through 13 years of marital exigency, and is much better for it.

In addition to her societal impact, Lucy has conscientiously built not just a family, but a home, and is blessed with two children.

Her home, a Jerusalem of some sought, welcomes hundreds of visitors on a monthly basis, and that has earned her a sobriquet of the ‘Quiet Host’.

Among individuals she has hosted in her home are governors, presidents, aspirants of diverse political positions, clergymen and a host of others.

Mrs Adegboyega is not just a household name by every standard, she is a much sought after woman of substance, providing succour to, and affecting positively her immediate and remote environment.

Enjoy a much deserved happy birthday ma, and relish in the euphoria of your 40 worthy and ruby-clad cheers.

Events

Grand Reception As Gospel Singing Sensation, Sinach, Celebrates 52nd Birthday in London

Published

2 weeks ago

April 2, 2024

Eric

Iconic singer, and Award-winning gospel artiste, Osinachi Joseph Egbu, popularly known by her stage name, Sinach, has celebrated her 52nd birthday at the exquisite Dorchester Hotel, in London, with family members, colleagues and well wishers in attendance.

The world acclaimed singer of Way Maker, I know Who I am among many other hit tracks also used the opportunity of the birthday to announce her upcoming OVO Arena Wembley Concert, billed to hold on July, 6 2024.

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Family and friends of the iconic Osinachi Joseph Egbu, known better as Sinach, celebrated the gospel music artist on her birthday in grand pomp and style at the decorous and exquisite London Dorchester.

The Global singer, songwriter and worship leader, who has been serving in this capacity for 33 years, held the grand event on the holy Easter Saturday, March 30, 2024, which also happens to be her birthday.

Lit with montages, interactive sessions and orchestral performances, the evening included Sinach performing live, reflections from her close family and friends and recorded tributes. Sinach expressed how grateful she is for her family, ministry, her health, and the peace she has been blessed with.

“Many of your songs have become global worship anthem – we all have our favourites but Way Maker is a super massive hit – with over 300 million views on YouTube alone,” Lalita Taylor, Executive Producer at the BBC, who was the host for the evening said.

The celebration was organized by businessman and entrepreneur, Dr. Joseph Egbu who is the husband of Sinach. Whilst being thankful for family and friends who showed up to celebrate his wife and family. He described her as “loving, patient, humble and a true woman of God”.

Dr. Egbu, in an emotional moment of professing love, thanked Sinach for loving him truly and being the remarkable woman she is.

Some of the guests who celebrated the multi award-winning Sinach included: SL Kemi Balogun, Queen Ronke Ademiluyi-Ogunwusi Olori of the Ife Kingdom & Founder African Fashion Week; Dr Susan Fajana-Thomas OBE, Cabinet Member for Community Safety and Regulatory Services; Nero Ughwujabo, Special Advisor To Prime Minister Theresa May – Director, Diversity at Prince’s Trust (King Charles’s charity).

Also there were: Her Excellency Janet Charles, Acting High Commissioner, Dominica Hogh Commision, London ; Dr. Yvonne Thompson CBE, Deputy Lieutenant, The King’s Representative for Greater London & President Elect of Institute of Project Management UK; Mr & Mrs Okonkwo ( E Money), Bright Ekeleme and Chido Mnangagwa (daughter of President of Zimbabwe) Mr. Obinna Egbu, Henry Nwoke,Ms. Uloaku Ojiaku, Ehi Moses, and Ms. Chim Moore of Magnum Security Services Ltd Zambia

Sinach also shared news about her upcoming July 6, 2024 live concert at OVO Arena Wembley in Wembley Park. “Victory Sounds”, she said would be a spirit-filled night of worship and praise and a grand celebration of victory and faith.

The concert also features an impressive line up of confirmed personalities from the UK Christian Chart including: Israel Houghton, Travis Greene, Da’dra Greathouse, Lucy Grimble, Ada, Limoblaze and Warehouse Worship.

Sinach is honorary Ambassador of the Commonwealth of the Dominica. In February 2023, the government of the Commonwealth of Dominica awarded Sinach as global ambassador, via a letter signed by the Prime Minister, Roosevelt Skerrit. In July 2022, she joined the Grammy Recording Academy as a voting member.

Events

Sights and Sounds As Madonna University Celebrates 25th Anniversary

Published

3 weeks ago

March 30, 2024

Eric

By Eric Elezuo

The main campus of the prestigious Madonna University in Elele, Port Harcourt, Rivers State, was agog recently as the institution rolled out the drums to celebrate its 25 years of existence.

Founded in 1999 by the Very Reverend (Prof) E. M. P. Edeh (OFR), the school has stood the test of time, and churned desirable professionals, who have left indelible marks in the sand of time.

Among major highlights of the day’s activities, was the identification and honoring of the top 100 graduates of the institution.

Several dignitaries also turned up to celebrate with the institution, including two terms governor of Anambra State and Labour Party presidential candidate in the 2023 election, Mr. Peter Obi and Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, who also is an alumnus of the school.