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Top Star, Youssou Ndour headlines UBA Africa Conversations 2022

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The United Bank for Africa (UBA) Plc has celebrated this year’s Africa Day in commemoration of African unity with the fourth edition of its annual UBA Africa Conversations which was held at the Tony Elumelu Amphitheater at the UBA House in Lagos.

The UBA Africa Conversations  was established in May 2019 as a hallmark initiative in a series of celebrations for Africa Day. The conversations provide a platform for African and global audiences to connect with global thought leaders both in the private and public sectors, on their African journey, in a quest to change the narrative on Africa from desolate to successful.

l-r: Company Secretary, United Bank for Africa(UBA), Bili Odum; Executive Director, UBA, Chukwuma Nweke; Fashion Designer and Panelist, Kenneth Ize; High Commissioner of Namibia to Nigeria and Panelist, Humphrey Geiseb; Deputy Managing Director, United Bank for Africa(UBA) , Oliver Alawuba; Culture and Entertainment Commentator and Panelist, Steve Ayorinde; Ghanaian Actress and Panelist, Lydia Forson; Executive Director, UBA, Chiugo Ndubisi; Nigerian Journalist and Moderator, Laila Johnson-Salami and Group Head, Human Resources, UBA, Patricia Aderibigbe ; at the 4th UBA Africa Conversations, themed, The Importance of Reflecting Our African Culture in Global Success Stories, organised by UBA Group in commemoration of Africa Day 2022, held at the UBA House , Marina, Lagos

This year’s conversation was themed ‘The importance of reflecting our African culture in global success stories’ and underscores the tremendous shift in Africa’s cultural influence  – from Afrobeat to African films; Big African fashion labels and African authors; entertainment and culture. The African continent is creating positive impact globally.

UBA’s Deputy Managing Director, Oliver Alawuba, who welcomed the panellists and the guests to the event stated that as Africa’s global bank, UBA remains at the forefront of supporting businesses across the continent. He said, “It is from Africa that UBA Africa was set up. UBA has invested so much in Africa. We are in 20 African countries and 4 countries outside Africa; Our focus has always been on driving investments into Africa, through conversations such as this.

As always, UBA brought together a rich and diverse panel including Legendary African musician and Songwriter, Youssou Madjiguène Ndour, who gave the keynote address at the event, speaking on the need for collaboration to boost the continent’s fortunes. “Young people in Africa have a lot of questions and we have to listen to them and see how together we can be a solution for Africa. We need to understand that there is a lot to do. Together we can make it,” Ndour said.

The Namibian High Commissioner to Nigeria, Ambassador Humphrey Desmond Geiseb talked about how globalisation has been good for Africa. He said, “Of course, there are still some gaps, there are still a lot of things about Africa that is not known, and I believe that culture and Arts can help to get it right for us.” He added that UBA’s foray as an African bank into the United States of America is a testament to this fact.

The Former Commissioner for Tourism, Lagos State, Steve Ayorinde who also sat on the panel pointed out that the liberalisation of the Media and digital content is helping to improve the African narrative. “As Africans, we are at the point where no one denigrates the African culture anymore. Indeed there is still a gap, but we are bridging that gap,” he said.

African Movie Academy Award Winning Ghanaian Actress, Lydia Forson, who appreciated UBA’s contribution towards changing the African narrative, spoke to how the African culture is now more widely accepted around the world. “It is great to see a bank like UBA being intentional about promoting Africa. Now, the world gets to see more of us, because, we have started to tell our own stories’.

On his part, young talented Fashion Designer, Kenneth Ize, said that the continent holds a lot of potential that we are yet to tap into. “Africa is our home, our culture, and we have to do everything to preserve our culture,” he said.

Television Anchor and jorunalist, Laila Salami-Johnson, who moderated the panel emphasised “Our creativity is really putting Africa on the map.”

Africa Day has been celebrated every May 25th, since 1963, across the African continent and worldwide. The day was inaugurated by the Organisation of African Unity, in celebration of the unity, diversity and beauty of Africa and its people. UBA, one of Africa’s leading financial services institutions, with a pan-African footprint spanning 20 African countries and globally in the United States of America, the United Kingdom, the United Arab Emirates and France, is fully committed to unifying Africa and continues to lead the narrative focused on the development, growth, and unity of Africa.  

United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than twenty-five (25) million customers, across 1,000 business offices and customer touch points in 20 African countries. With presence in New York, London, Paris, and an operating license in Dubai, UBA is connecting people and businesses across Africa through retail; commercial and corporate banking; innovative cross-border payments and remittances; trade finance and ancillary banking services.  UBA is Africa’s global bank

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Tinubu Presents N27.5tr 2024 budget to NASS, Seeks Speedy Passage

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President Bola Tinubu, on Wednesday, presented the Appropriation Bill of the Federal government for the year 2024 tagged ‘Budget of Renewed Hope’ to a joint session of the National Assembly.

This is the president’s first budget presentation to the National Assembly since assuming office on May 29.

The President arrived at the National Assembly for the presentation of the 2024 budget at about 11:09 am accompanied some ministers and aides. and senior officials.

He was led into the chamber of the House of Representatives for the presentation of the N27.5trillion Appropriation Bill to a joint session of the National Assembly which began after the rendition of the National Anthem and opening prayers.

The Federal Executive Council (FEC)on Monday approved N27.5 trillion as the 2024 budget estimate.

It will be recalled that Tinubu had about three weeks ago forwarded the 2024-2026 Medium Term Expenditure Framework ( MTEF) and Fiscal Strategy Paper ( FSP), proposing an expenditure of N26.1 for the 2024 fiscal year.

After two weeks of deliberations and interface with heads of Ministries, Departments and Agencies on the revenue and expenditure projections, the Senate through its Committee on Finance approved the MTEF.

It specifically approved the N26.1 trillion proposed as 2024 budget and other parameters proposed by Tinubu.

It also approved new borrowings of N7.8 trillion, while pegging the oil price benchmark for 2024 at $73.96 and oil production at 1.78 million barrels per day.

Other parameters approved are GDP growth rate of 3.76 per cent, the inflation rate of 21.40 per cent, a suggested benchmark exchange rate of N700 to $1 and a projected budget deficit of N9.04 trillion.

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Emefiele Yet to Meet Bail Conditions, May Stay in Prison Till 2024

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A Federal Capital Territory High Court, Abuja, has adjourned an alleged procurement fraud case involving a former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele.

The court adjourned the trial of the former apex bank chief to January 18 and 19, 2024 for continuation of trial.

Emefiele is standing trial on a six count amended charge on alleged procurement of vehicles to the tune of N1.6billion.

He had pleaded not guilty to the charges.

He was granted bail on November 17, 2023 to the tune of N300million and two sureties, but remanded at the Kuje Correctional Centre, pending when he meets his bail conditions.

At the resumed hearing, the prosecution witness, who is a top official of the Corporate Affairs Commission (CAC) told the court that the Emefiele is not the owner or a shareholder of the April1616 Investment Limited awarded N1.2 billion vehicle supply contract by CBN under his watch.

He was led in evidence by counsel for the Economic and Financial Crimes Commission (EFCC), Mr. Rotimi Oyedepo , while tendering several documents on how the company was incorporated on August 1, 2016.

He further read out the names of the shareholders of the company as Aminu Yaro, Maryam Abdullahi and Saadatu Yaro as joint owners of the entity.

Emefiele’s lawyer, Mathew Burkaa, who declined to speak on camera, said Emefiele is yet to meet his bail conditions.

Counsel for the Economic and Financial Crimes Commission (EFCC) and the Federal government declined to speak on the day’s proceedings.

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One Year in Office: Adeleke Gives Scorecard, Pledges Continuous Democracy Dividends

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By Eric Elezuo

The Governor of Osun State, Ademola Adeleke, has felicitated with the people of Osun State as his administration marks one in office.

In the statement he personally signed, the governor informed that the last one year has been characterized by reconstruction and reconfiguration of various of the state’s economy, adding that the administration has been able to navigate through “numerous land mines deliberately set by the past administration to frustrate our administration” to provide appropriate leadership and benefits for the people of Osun state.

Adeleke further intimated that he is on a working visit to Europe and Asia, where he hope to attract investment opportunities foe the state.

The governor highlighted stability of the civil service, improved intercity road networks, surgical and medical outreaches as well as the #Imole100BInfrastructure as some of the laudable achievements of his administration in the last one year.

Below is the detailed statement:

It is one year ago today since our administration came into office. It has been a year of reconstruction and reconfiguration across the various sectors of the osun economy.

Due to the current economic situation in the state and our country in general, I have directed that this anniversary be conducted in a low key atmosphere. I remain committed to prudent use of our scarce resources on more pressing issues.

I am currently on a working vacation to Europe and Asia where I am advancing partnership discussion with potential investors needed to improve our state economy.

It is important to recognize the enormous challenges and obstacles we have overcome and the progress we have made thus far. Despite the numerous land mines deliberately set by the past administration to frustrate our administration, we have developed a robust mechanism to successfully navigate and overcome these challenges.

We have stabilized the state civil service with continuous commitment to the welfare of the state civil servants and pensioners, this we will continue to focus on in fulfillment of a critical part of our 5 point agenda.

We have massively improved intracity road network across the state by constructing over 90KM of roads, completion of the Phase II of Òṣogbo-Ikirun road and ongoing construction of Osun ring road (Ona Baba Ona) both abandoned by the past administration.

We have embarked on surgical and medical outreach that benefited over 50,000 vulnerable citizens. Also, we have completely rehabilitated over 31 schools across the state.

Recently, I launched the #Imole100BInfrastructure that focuses on education, health, road construction and water. These are critical sectors that we have identified to urgently revamp for the sustainability and development of the state economy.

I am happy to share that as we move forward, the positive results of our collaborative efforts for the past one year are expected to bear fruit. With projected increase in our internally generated revenue and prudent application of public funds, our infrastructure plan will be fully funded without seeking external loan.

Today, I re-affirm my commitment to serving with the fear of God and focused on delivering on my 5 point agenda as promised during the campaign season.

I thank you for your continuous support and prayer as you continue to support our efforts to develop our dear state.

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