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Sanwo-Olu Showers Encomiums On Fayemi, Unveils Ekiti Lagos Liaison Office

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Lagos State Governor, Babajide Sanwo-Olu on Monday lauded the developmental agenda and economic initiatives of his Ekiti State counterpart, Dr Kayode Fayemi, which he said were geared towards improving the State’s Gross Domestic Product (GDP) and the quality of lives of the citizens.

Governor Sanwo-Olu disclosed this at the official inauguration of the newly built Ekiti State Governor’s Lodge/Liaison office in Ikeja GRA, Lagos State on Monday, as part of activities marking the third year anniversary of Governor Fayemi administration.

Governor Sanwo-Olu who was accompanied to the venue of the commissioning by Niger State Governor, Alhaji Abubakar Sanni Bello, said his recent invitation to Ekiti State to speak at the inaugural edition of the Fountain Summit in Ado Ekiti had exposed him to the various laudable projects Governor Fayemi had executed in the bid to set Ekiti on the path of economic recovering and transformation.

He said: “At that conference which was the first in the series, I was privilege to see and to hear all of the laudable initiatives that our Governor in Ekiti State has done. It became clear to me that Ekiti was on the path of becoming one of the critical states in this country because indeed the GDP of Ekiti as small as it might be; EKiti is indeed big enough to be a country of its own.”

He lauded the determination of Governor Fayemi to ensure that all abandoned projects were completed during his tenure, even as he hailed the cordial relationships that exist between Governors in the country as demonstrated by the attendance of Niger State Governor Sanni-bello at the event.

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This is as Governor Fayemi described the Liaison Office project as well as other projects embarked upon by the administration as a response to the people’s yearnings. Specifically, he said the liaison office was not only to establish the presence of Ekiti State in the commercial capital of Nigeria, but to use the heartbeat of Western Nigeria to project the image of Ekiti to the World.

Dr Fayemi said the construction of the edifice was also in furtherance of his administration’s commitment to deepen sub-regional engagements in the context of the Development Agenda for Western Nigeria (DAWN).

Governor Fayemi who noted that Lagos was key to the investment strategy of his administration, added that the office would serve as communication and contact centre for federal, state, embassies, international organisations and private sector whose headquarters were in Lagos.

The Governor who place the value of agricultural food consumed on daily basis in Lagos at N5 billion said the discovery led to the establishment of South West Agriculture Company – SWAGCO with other Governors in the South West to harness the opportunities in the market on daily basis.

He mentioned Promasidor, JMK Foods, Ellah Lake, FMS Farms, Dangote as part of the numerous agriculture related companies headquartered in Lagos that his administration had been able to attract to Ekiti State for investment in agribusiness.

Dr Fayemi explained that the building which was equipped with state-of-the-art facilities would provide conveniences for state officials who would be coming to Lagos for official assignments and would automatically cut the cost of hotel accommodation during such assignments.

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He said; “the strategic importance of having this edifice here is enormous. The Office will effectively serve as a go-to place not only for Ekiti indigenes here in Lagos, (and we have many of us contributing significantly to this economy) that require official services and information from Ekiti State Government but also to non Ekiti indigenes desirous of engaging the State.

“It will also serve as a communication and contact Centre of our State with Federal/ State Government Offices, Embassies, Offices of international organizations here in Lagos as well as private sector players headquartered in Lagos.

“This edifice has state –of- the- art facilities with offices, conference facilities and living accommodation for the Governor and aides which will save the state avoidable expenses in hotel accommodation every time State officials are in Lagos for meetings and sundry official duties.”

Earlier in his address the Special Adviser on Special Projects, Arc. Tope Ogunleye commended Governor Fayemi for completing the project which was started during his first tenure but abandoned by the previous administration.

He said the edifice comprises of five bedrooms, twenty six -seater conference hall, Governor’s office, office accommodation and dedicated utility spaces.

Present at the event were the Secretary to the State Government, Hon Biodun Oyebanji; Commissioner for Finance and Economic Development, Akin Oyebode; and Commissioner for Works and Transport, Mr Sola Adebayo; Special adviser, Bureau of Public Procurement (BPP), Mr O’seun Odewale and Special Adviser, Bureau of Land Services, Mrs Funke Falodun. Also in attendance were members of the Ekitiparapo, Lagos State Chapter and representatives of Ekiti students in Lagos State among others.

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HAVING A FIRSTBANK SALARY ACCOUNT CAN EASE YOUR MONEY PROBLEMS, FIND OUT HOW…

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First Bank

“There is always a lot to spend money on, and sometimes the bills can’t wait for the salary to be paid” Tope complained when his wife informed him that they had run out of cooking gas and had to refill.

 

He had just moved to a new location with his family and the bills seemed to be coming at such speed that he could hardly keep up.

 

Barely three weeks in the new apartment, the electricity bill had arrived. The new apartment was bigger than the last and their two double-seater cushions left too much space vacant in the seating room. They needed to get a couple more furniture to fill the space. His wife had not stopped reminding him of the car he promised to get, in order to ease mobility for the family.

 

Everyone has been a Tope at some point in time, and that is why everyone needs a financial partner like FirstBank, Nigeria’s premier and leading financial services brand. FirstBank offers a variety of loan products that can help you ease off pressure as you work towards meeting pressing and urgent needs, as well as medium term goals.

FirstAdvance is a digital product tailored for Salary Account holders, who have an urgent cash need and would want to access salary advance from the bank. If you have held a salary account with FirstBank for up to two months, you can access 50% of your monthly net salary and as much as half a million naira (N500,000).

 

A physical visit to the bank branch is not required as you can access it via the FirstMobile (FirstBank’s Mobile banking app) and USSD channels. To access the service via USSD, dial *894*11# from the phone number linked with your FirstBank account. This has proved to be the solution for many people while emergencies arise before pay day. There is no point in waiting for month end before you can take on those pressing financial obligations.

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FirstCredit is another digital product designed to cater for the non-salaried individuals. All that is required is for your account to have been active and transacting in FirstBank for six months or more to access FirstCredit. It provides customers with quick and easy access to loans to fund urgent transactions. You do not need a smart phone or a physical visit to the bank to get this done as well. This credit facility can be accessed using a mobile phone and the USSD banking code, *894*11#. You can access as much as N300,000 to be repaid within 30 days.

 

No physical documentation or collateral is required, neither do you need a physical visit to the bank to access both loans. Imagine the confidence that comes with sorting out your bills within minutes and without having to wait till month end.

 

Salary accounts should do more than receiving your monthly pay from your employer. It should be instrumental in making your day-to-day living easier, and this is what having your salary account with FirstBank can achieve for you. You can get a Personal Loan Against Salary (PLAS) if you have a a longer-term project at hand or investments to make. It may be paying school fees for your kids, acquiring assets or renovating your properties, paying rent, taking professional examinations.

 

Customer who qualify can access Up to N50 million based on their net monthly income and rates are competitive, while offering long term and flexible repayments up to 48 months tenor.

 

Despite all these benefits and ease in access to loans, it literarily costs nothing to open a FirstBank Salary Account. Zero opening balance, Zero minimum daily operating balance, Zero account maintenance charge, plus you even get your first debit card issued for free.
Truly, it is always “YOU FIRST” from FirstBank.

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UBA Group Dominates the 2021 Banker Awards, Wins ‘African Bank of the Year’

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UBA

Breaks the Banker Magazine Record as it wins Best Bank in Nigeria and 12 of Its Subsidiaries Africa’s global bank, United Bank for Africa (UBA) Plc yet again, reaffirms its leadership position across Africa, as the bank has been globally recognised as the African Bank of the year 2021 by the Banker Magazine, a leading global finance news publication published by the Financial Times of London.

 

UBA’s solid financial performance, its excellent service delivery to customers and its continuous role of facilitating rapid economic growth across the African continent were some of the reasons that led to the bank being named best bank in 12 of its African subsidiaries and in Nigeria. UBA Nigeria Plc, UBA Benin, UBA Burkina Faso, UBA Cameroon, UBA Chad, UBA Congo Brazzaville, UBA Cote D’Ivoire, UBA Gabon, UBA Guinea, UBA Liberia, UBA Senegal, UBA Sierra Leone and UBA Zambia all came out top as the best banks in their respective countries.

 

This will not be a first for UBA. In 2020, six of its subsidiaries in Benin, Cote D’Ivoire, Chad, Liberia, Sierra Leone and Zambia were winners of the Best Bank award. This year, the UBA Group is breaking a record with its exceptional wins as African Bank of the Year and Bank of the year in 13 countries. The total 14 awards makes it the first time ever in the history of the almost 100 years of The banker, that any banking group will be clinching as many as 14 wins in a single year.

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At the Virtual award ceremony which was held on December 1st 2021, the Middle East and Africa Editor for The Banker, John Everington, explained at the event that a rigorous and highly analytical process is made annually to reach the decision for each Bank of the Year award and the institution’s reputation for independence, authority and integrity is thoroughly applied to each submission.

 

“While several African banks impressed the judges this year, there was no doubt as to the worthiest recipient of the Bank of the Year for Africa – UBA Group – a clear winner across a wide range of criteria. UBA has performed impressively across its footprint with a strong financial performance across most of its markets,” Everington said.

 

UBA’s Group Managing Director/Chief Executive Officer, Kennedy Uzoka, who expressed delight over the recognition from The Banker stated “Like I always say, at UBA, we must be doing something right. Winning 14 total awards in13 subsidiaries and the Bank of the Year on the African continent is a big achievement.’

 

Continuing, Uzoka said, “The recognitions come as a reassurance that we are on track in consolidating our leadership position in Africa, as we continue to create superior value for all our stakeholders. We have our millions of customers across the globe and our many thousands of staff to thank for this. They are the very reason why we keep winning’

 

Since1926, the Bank of the Year awards has been celebrating the best of global banking and is regarded as the industry standard for banking excellence. The 2021 edition highlights those institutions that have outshone their peers in terms of performance, strategic initiatives and response to the Covid-19 pandemic.

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The Banker Magazine is a publication of the Financial Times – a leading global finance news publication which has been in existence since 1888. The Banker magazine is the definitive reference in international banking for high level decision makers.

 

United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than twenty-five million customers, across over 1,000 business offices and customer touch points, in 20 African countries.

 

With presence in the United States of America, the United Kingdom and France, 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

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Crisis Rocks Ghana Parliament As Members Clash Over 2022 budget

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Ghana

The 2022 budget of Ghana suffered another set back as the House could not reach concerts on its passage.

 

The Minister of Finance, Mr. Ken Ofori Atta had presented the budget for the House to deliberate upon and possibly approve it for passage to the president to work with. But the House is in disagreement.

 

The Majority members had earlier hoped in easy passage but, they were shocked to witness a tie in the House. The ruling Party, New Patriotic Party ( NPP) has 137 members in the House, same to the main opposition party, The New Democratic Congress(NDC)

 

The Speaker who could have added one to the ruling NPP lacks the constitutional right, as the Constitution denies him voting right as the presiding officer.

 

The case will then be taken to the Supreme Court for intervention. The issue has been a major challenge threatening the smooth democracy in the country. The decision to go to Supreme Court is expected to be taken before or by Friday sitting.

 

By Moses Owopade,

Accra, Ghana.

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