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Bella Adenuga, Globacom’s Vice Chairman Joins Global Business Big League in Paris

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Michael Effiong

There is no gainsaying the fact that Mrs Bella  Adenuga Disu has gradually grown through the ranks at Globacom, Nigeria’s numero uno telecommunications company and only few people are surprised that she is now a confirmed member of the big league of the global business community.

Mrs Disu who is the Vice Chairman of Globacom proved her mettle in Paris on Monday when she joined 149 other top business leaders at the 2019 Choose France International Business Summit.

The event, held at the Chateau de Versailles in France provided opportunity for various global CEOs to publicise their major investments and partnerships involving French companies.

French President, Mr. Emmanuel Macron, was on hand to receive the business leaders at a dinner organised to promote France’s attractiveness as a business environment.

The event which was headlined by high stake business meetings, announcement of multi-million dollar investment projects and dinner with President Macron, was organised to promote France’s attractiveness as a business environment.

Mrs. Disu, who used the occasion to hold bilateral meetings with key business leaders in France, described her engagements at the summit as impactful, saying that it was an important platform for exploring collaborations and business development.

“We have long chosen France as a partner and we welcome every opportunity to expand our interests and alliances here,” she said.

She went on to announce new contracts to two French companies – telecom equipment manufacturers, Nokia Alcatel-Lucent and Software company, Vocalcom Technology.

While Nokia Alcatel-Lucent will supply, install, and integrate a new Sure Pay Intelligent Network platform for Globacom, Vocalcom Technology will provide the telecoms firm with Interactive Voice Response and Contact Center Solutions.

According to Disu the new contracts will provide Globacom with critical infrastructure equipment and avant-garde solutions that will greatly enhance Globacom’s network quality and further deepen the network experience of its subscribers.

“These agreements are geared towards ensuring that Globacom continues to provide first-rate telecommunications services in the countries where we operate,” Disu explained

The Mike Adenuga Group, a consortium of blue chip companies owned by the business mogul, Dr. Mike Adenuga jr. is reputed for its strong and enduring bond with France.

MAG lends weight to the principal international French cultural organisation, Alliance Francaise, in Lagos; a relationship which culminated in the commissioning of a state-of the-art Mike Adenuga Alliance Francaise Centre by President Macron during his 2018 visit to Nigeria. An event that was co-ordinated by Mrs Dish who was very hands-on throughout the ceremony.

The architectural masterpiece was donated by Globacom Chairman, Dr. Mike Adenuga, to accentuate French and Nigerian cultures in Lagos.

In the same vein, Globacom and Conoil Producing Limited have enjoyed over a decade of strong business associations with French companies, including Total and Alcatel, which is now Nokia Alcatel-Lucent.

Earlier Monday, Mrs. Disu attended the inaugural meeting of the France-Nigeria Investment Club launched by President Macron during his visit to Nigeria last year.

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Tinubu Presents N47.9trn 2025 Appropriation Bill to NASS

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President Bola Tinubu, on Wednesday, presented the proposed 2025 federal budget to a joint session of the National Assembly.

The N47.9 trillion budget saw a whopping N3.5 trillion allocated to the education sector.

Other sectors that got higher allocations include defence and security – N4.91tn, infrastructure – N4.06tn and health – N2.4tn.

“It is with great pleasure that I lay before this distinguished joint session of the National Assembly, the 2025 Budget of the National Assembly of Nigeria titled, ‘The Restoration Budget’ security peace, building prosperity,” Tinubu said as he concluded his 30-minute presentation at 1:10pm.

This budget highlights the government’s focus on improving education, healthcare, and infrastructure, in line with its ‘Renewed Hope Agenda’ aimed at boosting the economy and addressing key national priorities.

The live broadcast of the budget presentation today revealed the government’s plans for the next fiscal year. With a strong emphasis on human capital development, the president highlighted the budget’s commitment to improving the nation’s economic foundation.

Education sector receives major funding 

A significant portion of the 2025 budget is dedicated to education, with N3.5 trillion allocated to the sector. President Tinubu stated that part of this funding would be directed toward infrastructure development, including support for Universal Basic Education (UBEC) and the establishment of nine new higher educational institutions.

We have made provision for N826.90 billion for infrastructural development in the education sector,” Tinubu said.

This allocation aims to improve educational facilities and support ongoing efforts to strengthen Nigeria’s educational system.

Focus on human capital development 

During the presentation, the president emphasized the importance of investing in Nigeria’s human capital. “Human capital development, our people are our greatest resource. That is why we are breaking record investment in education, healthcare, our social services,” he remarked.

Tinubu also pointed to the N34 billion already disbursed through the Nigerian Education Loan Fund (NELFUND) to assist over 300,000 students.

The budget includes continued investments in healthcare and social services as part of the broader goal of enhancing the quality of life for Nigerians.

Strengthening the economy and national security 

Tinubu highlighted that the 2025 budget is designed to build a robust economy while addressing critical sectors necessary for growth and security.

“This budget reflects the huge commitment to strengthening the foundation of a robust economy, while addressing the critical sectors essential for the growth and development we envision; and secure our nation,” he said.

The budget aims to tackle key challenges and foster long-term economic stability by prioritizing infrastructure and development in key sectors.

Healthcare and social services allocations 

In addition to education, Tinubu focused on the allocation for healthcare and social services. The government plans to increase investments in healthcare infrastructure and services to ensure broader access to essential healthcare for Nigerians.

These investments are part of the administration’s strategy to improve overall living conditions and enhance public health across the country.

President Tinubu’s proposed 2025 budget is said to reflect the administration’s commitment to achieving its development objectives, with a focus on economic growth, human capital development, and infrastructure improvement.

As the National Assembly reviews the budget, the president reiterated his administration’s resolve to address the nation’s most pressing needs.

Source: Nairametrics

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Ghana’s President-elect Mahama Visits Tinubu in Abuja

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Ghana’s President-Elect, Dr. John Dramani Mahama, a courtesy visit to President Bola Tinubu at his residence, Presidential Villa, State House on Monday.

Mahama

Mahama won 56 percent of the votes in this month’s presidential election, compared to the ruling party candidate and Vice President Mahamudu Bawumia, who secured 41 percent.

Mahama

The landslide comeback for former president Mahama ended eight years in power for the New Patriotic Party (NPP) under President Nana Akufo-Addo, whose last term was marked by Ghana’s worst economic turmoil in years, an IMF bailout and a debt default.

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I Stand by What I Said, Kemi Badenoch Replies VP Shettima

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The leader of the United Kingdom’s Conservative Party, Kemi Badenoch, has lashed back at Vice President Kashim Shettima over the latter’s reaction to her comments about Nigeria.

Badenoch was born in the UK in 1980 to Nigerian Yoruba parents.

Badenoch, who attained age 16 in Nigeria before departing the country for the UK where she was elected Conservative Party’s leader, described Nigeria as a nation brimming with thieving politicians and insecurity.

However, Shettima, while speaking at the 10th Annual Migration Dialogue at the Presidential Villa in Abuja on Monday, December 9, 2024, accused Badenoch of “denigrating her country of origin” with her remarks.

The vice-president listed influential people whose families had migrated to other countries, commending former UK Prime Minister Rishi Sunak as a “brilliant young man who never denigrated his nation of ancestry.”

Reacting on Wednesday, Badenoch lashed back at Shettima, saying she doesn’t do “PR for Nigeria”.

Her spokesperson, as the Tory leader, according to UK Express, said: “Kemi is not interested in doing Nigeria’s PR; she is the Leader of the Opposition in the UK.

“She tells the truth; she tells it like it is; she isn’t going to couch her words. She stands by what she said.”

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