Muiz Banire, SAN, former National Legal Adviser of the All Progressives Congress (APC) under the John Oyegun led National Working Committee (NWC) has reacted to objection of his nomination by Senators from Lagos State.
The President had requested Banire’s confirmation in compliance with Section 10(1) of the AMCON Act 2010.
But the lawmakers on Tuesday asked the Senate not to confirm Muiz Banire (SAN) as Chairman, Governing Board of Assets Management Corporation of Nigeria (AMCON).
The lawmakers behind the move are loyal to APC National Leader, Bola Tinubu.
In statement on Wednesday, Banire said except for the agitation of his teeming supporters and well-wishers, he would have kept mute and ignored the objection raised by the three Senators, Chief (Mrs) Remi Tinubu, Mr. Olamilekan Solomon, and Gbenga Ashafa, representing Lagos State on the floor of the Senate.
The statement he personally signed reads: “It is necessary to point out to interested/concerned members of the Nigerian citizenry that my nomination in the first place is not a quota appointment (as the three politicians and distinguished Senators may have wrongly perceived) requiring their special approval to deal with.
“I was nominated simply as a Nigerian in whom the appointer has a lot of confidence and who is prepared to give his all in service of his fatherland. In view of this, I urge all my well wishers to remain calm in the face of this provocation as I am optimistic that the proper thing will ultimately be done by the Senate as has been done in the past. They should please not engage them on any street contest.
“It would be recalled that similar objection did not succeed in preventing the confirmation of Olusegun Aganga, Babatunde Fashola, SAN and even Musiliu Obanikoro as Ministers, even when, unlike in my case, their Ministerial positions were Constitutionally mandated to be filling Lagos State quota representation in the Federal Executive Council.
“Beyond the above, let me also state clearly that I am blessed with so many alternative contact addresses and consequently, do not desperately need a political job to survive. It is those who are professional politicians and whose survival depends on such that can be so threatened. Here I am, a professional in politics.”
Banire, Convener of the United Action for Change (UAC) added: “Of course, if this is a continuation of the consistent harassment, intimidation and threat to gag my advocacy for good governance and the rule of law, the effect unfortunately is otherwise. It strengthens me further and makes me resolute in my crusade. I shall continue to interrogate and agitate issues of good governance and rule of law, regardless of whose ox is gored.
“I am already demonstrating through my activities and engagements in several other spheres that I do not need to occupy a public office to add value to our community and nation. My relevance does not lie in public office or wealth. It is not unexpected that we would continue to face this opposition in the struggle for the positive change. We are prepared for the struggle as long as God continues to spare our lives, which are constantly threatened by the sponsors of the opposition. Rule of law shall continue to be our guide.”
Stanbic IBTC has won five of nine awards at the HR People Magazine Awards 2018, held in Lagos.
The five awards are Best Training, Learning & Development Strategy 2017; Outstanding Employee Engagement Strategy 2017; Employer of Choice 2017 in Large Corporate Category; HR Manager of the Year 2017, and HR Champion of the Year 2017, which was awarded to the Group Chief Executive of the bank for outstanding commitment to growing people at the organisation.
According to HR People Magazine, the organisers, the awards are evidence-based and the criteria used to select winners include a demonstrable and effective strategy to drive the HR touch points in all the award categories, ability to show consistent best practice implementation within the organisation, evidence-based programmes and the impact of these programmes on the organisation.
It said emphasis on was placed employee retention, client testimonials and organisation’s reputation throughout the business and wider community, employee engagement and productivity levels, among other criteria.
Performance was judged over the period covering January through to December 2017.
Chief Executive, Stanbic IBTC Holdings Plc, Mr. Yinka Sanni, stated that winning five awards is testament to Stanbic IBTC’s strategy of growing a responsible, disciplined and highly-productive workforce.
His words: “It also reinforces the company’s strong management, systems and its leadership in the financial services industry.”
Speaking on the rationale for the awards, Editor-in-Chief, HR People Magazine, Dapo Saheed, said the awards were instituted to celebrate individuals and organisations that have invested in their workforce and are committed to strategies that help to engender best practices in HR and efficient business outcomes.
Leading businessman and Chairman of Aliko Dangote Foundation, Alhaji Aliko Dangote has challenged the government to muster the will to provide critical infrastructure that will make the nation’s environment conducive to commerce and industry.
Dangote made this appeal while delivering the third Eminent Persons Business lecture and inauguration of the Aliko Dangote Complex, a N300 million naira ultra-modern building donated to the University of Ibadan, School of Business, at the Ajibode University extension, Ibadan.
He said his foundation will continue to prioritize education as a means of raising entrepreneurs that will change the face of the nation’s economy and lead to real growth and development.
He told his audience comprising of academia, students, royal fathers and businessmen that Nigeria has got the potential s to be among the most industrialized countries in the world and required only the right policies to propel the investors into taking the lead in industrialization efforts.
Delivering his paper titled “Industrialization – Backward Integration as a strategy for National Development: The Story of the Dangote Group”, Dangote whose lecture was delivered by Engr. Ahmed Mansur, the Group Executive Director of the Dangote Industries Limited, stated that for the nation to breakthrough industrially, the leadership and the people must have the political will, the courage and perseverance to succeed.
Dangote was of the opinion that backward integration is one of the fine policies of the government that has helped Nigeria’s economy and that he had led in this regard as a private sector operator, advising that the policy could be replicated in other sectors of the economy.
Highlighting the advantages of the backward integration, the business mogul stated that there would be increased control and efficiency as companies are better able to control quality and coordinate the delivery of raw materials or other supplies.
According to him, this level of control allows companies to increase their supply chain efficiency. Stock outs and over-stocking are better avoided, raw material supply is better managed, and delivery schedules can be better guaranteed.
He pointed out that going by his own experience as leading cement producer using backward integration, there will be cost control as costs can be better managed all along the production process.
Citing instances of countries that have used backward integration to climb the industrial ladder key sectors, Dangote said “Several countries have involved backward integration in some of their industries. Examples include Brazil, Ghana, Malaysia, Norway, and Russia. China and the United States of America probably have the most vertically integrated firms given their size and industrialization focus. This typically start with local content requirements for extractive industries and then includes consolidation across product value chains.
“Norway successfully managed the transition from a country with no direct capabilities in the oil and gas sector on the discovery of oil in the late 1960s to become a competitive producer of a variety of oil field services and equipment. Today, more than half of the capital inputs used in the sector are sourced locally, along with 80% of the sector’s operational and maintenance inputs..
“Similarly, oil and gas firms operating in Brazil were awarded more points when tendering for contracts if they demonstrated commitment to purchasing higher shares of goods and services from local Brazilian suppliers. Specific local content targets were set for onshore projects (70%) and offshore projects in shallow (51%) or deep (37%) water.”
For Nigeria, Dangote stated that using backward integration was not just full of bed of roses as Nigerian businesses face major challenges in developing backward integration.
These according to him include difficulties in obtaining adequate and reliable energy and power supply; lengthy, costly and politically sensitive processes of gaining access to land; poor-quality transportation infrastructure; the high cost of capital; long lead times before backward integration efforts yield rewards; sensitivity to external shocks and unforeseen costs;
“Inconsistency of policy implementation; lack of inter-sectoral policy coordination; inadequacy of knowledge and skills in the workforce; and lack of foreign exchange. Most of these challenges relate to the poor quality of the overall business enabling environment, rather than due to local content policies.”
Nevertheless, he argued that the policy had helped Nigeria in the cement sector pointing out that as at 2002 before the backward integration policy “local installed cement production capacity was about 3 million metric tons per annum (while actual production was under 2 million metric tons). Cement demand was approximately 9 million metric tonnes per annum and the supply gap was filled by cement imports. Imported cement accounted for over 70% of local cement consumption.
“Conservative estimates of the cement import bill as at 2002 placed it at between US$500 – US$600 million annually. More importantly, it essentially exported jobs to other countries and exposed the national economy to risk. Nigeria was one of the largest importers of cement in the world despite its huge limestone deposits. To build the nation’s capacity in the cement sector.”
However, with government introducing the policy in 2002. “It restricted cement imports into Nigeria while the issuance of cement import licenses were tied to investments in local cement production capacity with strict monitoring to ensure compliance. Sector specific incentives for the cement industry, in addition to other more general incentives e.g. tax holidays, capital allowance etc. were also an important part of the policy.”
According to him, “the impact of the policy was felt within the first decade of its implementation as Nigeria became self-sufficient in cement production. Installed cement production capacity that has now grown from 3 million metric tons in 2002 to 44 million metric tons as at December 2017. The country has successfully transitioned from being a net importer to self-sufficiency and then to a net exporter since 2017.”
In his remark earlier, Vice-Chancellor of the University of Ibadan, Prof. Abel Idowu Olayinka thanked Alhaji Dangote for the building describing it as a legacy that would forever be cherished generation yet unborn and by the donation, Dangote has become the first largest individual donor to the university.
He explained that Dangote was to donate N250 million to the university but they prevailed on him to build the complex rather than giving money and that the decision has paid off for the university.
Governor Isiaka Ajimobi of Oyo state, who is the Guest of Honour on the occasion urged Nigerian youths to learn a big lesson from Dangote’s humble beginning but with hard work has become one of the greatest entrepreneur in Africa.
The Governor who was represented by the state Commissioner of Education, Prof. Joseph Adeniyi Olowofela, lamented that most youths of today do not cherish hard work but want to get rich quick which explained the increase in social vices in the country
“We need to shift the paradigm shift from the get rich quickly at all cost to hard work that leads to wealth”, he stated.
The Director of the University of Ibadan, School of Business, Prof. Nike Osofisan said the institution owed Alhaji Dangote a huge debt because the complex was more than a building.
She explained “the fully air conditioned complex has 9 lecture theatres, 10 lecturer offices, four Executive Director Offices, One Canteen, 250 KVA dedicated Transformer, and male and female conveniences”