Category: Feature

  • Author Ndifreke Ukpong harps on mother tongue, cultural diversity

    Nigerian author Ndifreke Ukpong, known for his controversial novel “Every Woman in This Village is a Liar” and inspirational book “No Limitation to Success”, has emphasized the vital role of mother tongue in shaping our identity and cultural diversity. In a recent address, Ukpong urged parents and educators to prioritize teaching mother tongue, stressing its importance in preserving cultural heritage.

    “The mother tongue is the garment of thought, and it is the language of the heart. If we lose our mother tongue, we risk losing our cultural identity and our connection to our ancestors,” Ukpong emphasized.

    Mother tongue, the language we learn from birth, plays a crucial role in shaping our thoughts, expressions, and relationships. In Nigeria, with over 250 ethnic groups and more than 500 languages spoken, the mother tongue is essential for preserving cultural diversity.

    Research has shown that speaking one’s native language enhances cognitive development, improves academic performance, and fosters a sense of belonging. Moreover, the mother tongue is a vital tool for cultural transmission, allowing communities to pass down traditions, customs, and values to future generations.

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    Ukpong’s call to action resonates with educators and policymakers. By prioritizing mother tongue education, we can empower future generations to embrace their cultural identities and contribute to a richer, more diverse global community.

    In addition to its cultural significance, the mother tongue also has practical benefits. Studies have shown that children who learn in their native language tend to perform better academically and have better cognitive skills.

    Furthermore, mother tongue education can help preserve endangered languages and promote linguistic diversity. With many languages facing the risk of extinction, prioritizing mother tongue education can help safeguard our cultural heritage for future generations.

    Ukpong’s passionate appeal to prioritize mother tongue education serves as a timely reminder of the significance of cultural preservation. By embracing our native languages and promoting mother tongue studies, we can safeguard our cultural heritage and foster a more inclusive, diverse world for generations to come.

  • Understanding Forex Trading Mechanisms and Strategies for Nigerian Investors

    By Ben Nsemo

    Forex trading, the act of exchanging currencies on the global market, is a dynamic and potentially lucrative investment opportunity for Nigerian investors. The question of what is forex trading and how does it work lies at the heart of understanding this financial venture. At its core, forex trading involves predicting the movement of currency prices and exchanging one currency for another with the aim of making a profit. The forex market is the largest financial market globally, characterized by high liquidity and 24-hour trading during weekdays.

    The Forex Market Explained

    • Global Participation: The forex market encompasses a global network of banks, corporations, and individual traders, allowing for continuous trading across time zones, from the Tokyo opening to the New York closing market.
    • Currency Pairs: Trading is conducted in pairs, such as the EUR/USD (Euro/US Dollar), with investors buying one currency while simultaneously selling another.

    Mechanisms of Forex Trading

    1. Leverage: Leverage allows traders to control a large position with a relatively small amount of capital. While it can amplify profits, it also increases the risk of losses.
    2. Spread: The difference between the bid (sell) and ask (buy) price of a currency pair. A lower spread indicates a more liquid market or less trading cost.
    3. Pips: The smallest price move that a given exchange rate can make based on market convention. Most currency pairs are quoted to the fourth decimal place.

    Forex Trading Strategies for Nigerian Investors

    • Technical Analysis: This involves analyzing past market data, including price charts and volume, to forecast future price movements. Many advanced traders in Nigeria use technical indicators such as moving averages and the Relative Strength Index (RSI) to identify potential entry and exit points.
    • Fundamental Analysis: This strategy focuses on economic indicators and news events that can affect currency values. Nigerian traders might consider factors such as inflation rates, economic growth, and geopolitical events.
    • Risk Management: Essential for success in forex trading, it involves setting stop-loss orders and taking profits at predetermined levels to protect investments.

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    Challenges and Opportunities in the Nigerian Forex Market

    The forex market offers Nigerian investors both opportunities and challenges. On one hand, the market’s vast liquidity and the availability of leverage can result in significant profits. On the other hand, the forex market is highly volatile, and the leverage can lead to substantial losses if not used judiciously.

    • Regulatory Environment: Understanding the regulatory framework in Nigeria is crucial for forex traders. The Central Bank of Nigeria (CBN) and other financial regulatory bodies oversee forex trading to ensure a stable and transparent market environment.

    Advanced Strategies and Tips for Success in Forex Trading

    While the basics of forex trading are essential, advancing your trading strategies and incorporating sophisticated techniques can significantly enhance your trading outcomes. Here are some advanced strategies and tips tailored for seasoned Nigerian investors:

    • Scalping: This strategy involves making a large number of small profits on minor price changes throughout the day. It requires a significant time commitment and quick decision-making.
    • Swing Trading: This approach targets gains in a stock within an overnight hold to several weeks. Swing traders utilize a set of rules based on technical or fundamental analysis; this strategy suits traders who cannot monitor their charts throughout the day but can dedicate a few hours analyzing the market every night.
    • Carry Trade: In a carry trade, traders borrow a currency with a low interest rate to purchase another currency with a higher interest rate, profiting from the interest differential. Given Nigeria’s unique financial landscape, understanding global interest rates and economic policies is crucial for this strategy.

    Tips for Success

    1. Continuous Learning: The forex market is constantly evolving. Staying informed about global economic news, understanding advanced technical analysis techniques, and learning from successful forex traders are key to staying ahead.
    2. Utilize Demo Accounts: Before applying new strategies with real money, practicing with demo accounts can help Nigerian traders understand market dynamics without financial risk.
    3. Risk Management: Advanced traders know not to risk more than a small percentage of their trading capital on a single trade. Employing a sound risk management strategy is crucial for long-term success.
    4. Emotional Discipline: Successful trading requires discipline and emotional control. Avoid making decisions based on fear or greed.

    The Future of Forex Trading in Nigeria

    The future of forex trading in Nigeria looks promising. With increasing access to global markets and advancements in trading technology, Nigerian traders are well-positioned to take advantage of forex trading opportunities. Moreover, the regulatory environment is evolving to provide a safer trading experience for investors.

    • Digital Transformation: The adoption of fintech and blockchain technologies could streamline transactions and enhance the transparency of the forex market in Nigeria.
    • Education and Resources: The availability of online resources, trading courses, and communities will continue to support the growth of knowledgeable and skilled forex traders in Nigeria.
    • Regulatory Improvements: Efforts by regulatory bodies to enhance the legal framework and protect traders from fraud will likely boost confidence in the forex market.

    Conclusion

    For Nigerian investors, forex trading offers a world of opportunities balanced with risks. By understanding the mechanisms of the market, applying advanced strategies judiciously, and staying informed about changes in the global economic landscape, traders can navigate the forex market successfully. The future of forex trading in Nigeria is bright, with technological advancements and regulatory improvements paving the way for a more accessible and secure trading environment.

    As the Nigerian forex market continues to evolve, investors who are well-prepared, informed, and strategic in their approach will be best positioned to capitalize on the opportunities that forex trading presents.

  • Fidelity Bank’s assets climb to N6.2 trillion, highest in 13 years

    By Ken Ibenne

    Fidelity Bank Plc, a Nigerian financial institution, had an increase in total assets that marked the greatest level in at least 13 years, according to data collated by The Paradise News.

    The bank’s assets increased to N6.23 trillion last year from N3.98 trillion in 2022, per the most recent financial statement.

    The lender’s growth in loans and advances to customers over the period, which increased by 46% to N3.09 trillion from N2.11 trillion, can be linked to the growth of its assets.

    The items possessed by a bank that add value are known as bank assets; these items are typically more closely associated with financial assets and interest. The assets may include loans, investments, and tangible possessions.

    A statement states that the discounted amount of projected future cash flows that are anticipated to be received is what the estimated fair value of loans and advances represents.

    The depreciation that occurred in the second quarter of last year, according to Olumide Sole, research analyst at Vetiva Capital Management Limited, contributed to the rise in banks’ asset values.

    READ ALSO: AfDB pledges $5 million to combat the financing of terrorism in West Africa

    “The banks’ foreign currency liabilities and balance sheets were impacted by the devaluation, which benefited from the devaluation of the naira and resulted in an overall increase in their asset value when reported in naira,” he stated.

    The bank’s loans to corporations and other groups climbed to N3.61 trillion from N2.12 trillion, according to a closer examination of its financial statement.

    It increased its loans to private citizens from N66 billion to N76 billion. From N863 billion to N1.17 trillion, the banks’ restricted balances with the Central Bank of Nigeria increased.

    The restricted balance consists of special cash reserves, which increased to N945 billion from N614 billion and N229 billion to N248 billion, respectively, and statutory reserve deposits with the CBN.

    “The Bank cannot use mandatory reserve deposits for regular business activities. It is non-interest bearing and reflects a portion of the deposits made by the customers. While the special cash reserve represents special intervention funds held with the apex bank as a regulatory requirement,” the statement stated.

    In a same line, the bank’s total liabilities rose from N3.67 trillion in 2022 to N5.79 trillion in 2023, a 57% increase.

    The bank’s liabilities have increased as a result of deposits that its clients made in 2023.

    Customer deposits increased from N2.5 trillion to N4 trillion. This sum includes the time, demand, and domiciliary savings of the clients as well as other expenses for the duration.

    The bank’s book value of shareholders’ equity, which includes its retained earnings, share premium, and capital, increased from N161 billion in 2022 to N194 billion in 2023, a 20.5 percent increase.

    Over the investigated periods, its comprehensive income rose from N42 billion to N129 billion.

    The basic and diluted earnings per share of Fidelity Bank that are attributable to equity investors went up from N161.32 to N310.79.

  • AfDB pledges $5 million to combat financing of terrorism in West Africa

    By Ken Ibenne

    The African Development Bank Group will provide a $5 million grant to support the initiative, which is titled “Capacity Development for Anti-Money Laundering and Countering the Financing of Terrorism in GIABA Member States in Transition.”

    The project will be funded in part by a grant of 3.5 million UA (roughly $5 million) from the African Development Bank’s Transition Support Facility. This will allow the project to strengthen anti-money laundering and counterterrorism financing regimes in West Africa and build the capacity of GIABA member states, with a focus on transitioning nations.

    The AfDB said in a statement that the award will support its operational and strategic initiatives at the national and regional levels. It also fits with its goal for economic governance in Africa as well as its policy and action plan on stopping illicit financial flows.

    READ ALSO: Naira experiences first weekly fall at unofficial market in 6 weeks

    Senegalese African Development Bank Country Manager Mohamed Cherif praised the long-standing partnership between GIABA and AfDB, which includes technical support and training sessions for member nations.

    The director of GIABA, Edwin Harris Jr., stated, “It comes at a pertinent time, to support the implementation of GIABA’s ongoing Strategic plan for 2023 – 2027 and to contribute to effective interventions on anti-money laundering and terrorism financing regimes in its member countries.”

  • Naira experiences first weekly fall at unofficial market in 6 weeks

    By Ken Ibenne

    The unofficial market saw the naira hold above the N1200/$ band, which caused the Nigerian currency to halt its weekly winning streak vs the US dollar.

    The naira’s runaway rise since late March, which had made it the world’s best-performing currency, ended on Sunday when it had its first weekly fall on the parallel market in several weeks.

    The US dollar went for N1,207 on the black market on Sunday, down 15% from N1,050/$ at its peak last Monday.

    Although the naira has recovered some of its losses after falling as low as N1236/$, recent market fundamentals show an increase in demand for the dollar. However, more momentum is needed to breach below N1200/$ once more.

    In addition, the naira dropped 1.38 percent against the dollar on Friday in the official market, from N1,154.08 on April 18 to N1,169.99 on Friday.

    Vice President Kashim Shettima is confident that the value of the naira would continue to rise in relation to the safe haven currency.

    READ ALSO: ‘We Will Confront You With Overwhelming Force’-Akwa Ibom Govt Vows To Deal With Petroleum Products Saboteurs

    Shettima stated his opinion that the naira’s comparatively bullish run will not end anytime soon. “When Naira went crazy, some people celebrated, but we were secretly laughing at them because we knew we had the power to turn the tide,” he remarked.

    The dollar held its strong position relative to other major currencies, despite concerns about higher-for-longer interest rates.

    By giving regional currencies some respite, foreign exchange dealers assuage concerns about rising tensions in the Middle East as risk appetite improves.

    Nonetheless, as traders progressively took into account the chance that the Federal Reserve will cut interest rates as early as June, the majority of the major currencies were able to retain the majority of their losses from the previous week.

    We anticipate more rate indications this week, and the currency is still stable.

    The dollar index and dollar index futures were both slightly lower in Monday’s Asian trading, but they were still close to their higher five-month highs from earlier in April.

    Particularly after strong U.S. inflation data and hawkish comments from senior Fed members, the dollar strengthened as expectations of a June rate drop faded.

    This week’s discussion will center on more clues about US monetary policy, specifically from the PCE price index, which is the Fed’s preferred measure of inflation. Anticipated for release on Friday, the report is expected to corroborate the notion that U.S. inflation remained elevated in March.

    More indicators of the state of the American economy will also be released in the next few days. The purchasing managers index data for April is anticipated to reveal more details regarding business activity.

    The Japanese yen exhibited some steadiness and kept trading well over the 154 level even with the dollar’s limited support.

    Investors were wary of any potential government as a result. This made investors cautious about potential government involvement, particularly when the USDJPY pair touched 34-year highs around 155.

  • Climate Action Africa Offers Six Simple Climate Solutions For Nigeria

    Climate Action Africa Offers Six Simple Climate Solutions For Nigeria

    By Ovat Abeng

    Climate Action Africa has offered six simple solution that will bring big impact in Nigeria

    The solutions according to the Co-Founder and Executive Director of the organisation, Grace Oluchi Mbah, in a statement in Awka on Tuesday, is an opportunities Nigerian communities can adopt to build resilience and secure a sustainable future.

    She gave below the six simple climate solutions Nigeria can explore to as followed;

    Embrace Climate-Smart Agriculture: Nigeria is a developing economy with a 2022 statistics of an estimated population of 88.4 million people who live in extreme poverty. Agriculture can be a solution to the poverty experienced by a majority in Nigeria. According to the World Bank, investing in the agricultural sector is more effective at raising incomes among the world’s poorest. Still, traditional farming methods in Nigeria are often vulnerable to droughts and floods.

    Climate-smart agriculture (CSA) offers a solution. CSA is a set of farming methods that is aimed at increasing the resilience and productivity of the land affected by climate change. Practices like using drought-resistant crop varieties, practicing water-saving irrigation techniques like drip irrigation, and incorporating cover crops to improve soil health all contribute to a more resilient agricultural system. By adopting CSA techniques, Nigerian farmers can not only protect their livelihoods but also become part of the climate solution. It is important to note that Climate Smart Agriculture is a solution to the many problems caused by climate shocks but not a final solution to climate change.

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    Plant Trees, Reap the Rewards: The United Nations places Nigeria as the highest with a deforestation rate in the world, with an estimated 3.7% of its forest lost every year. Expanding agriculture and logging; both illegal and legal are some of the causes of deforestation in Nigeria. Still, it is imperative to understand that forests play a vital role in regulating climate.

    Interestingly, in 2023, some of the States in Nigeria were involved in tree-planting initiatives. There is still a lot that needs to be done. Nigeria could take a cue from Ethiopia that accomplished an exceptional feat in 2019 when they planted 350 million trees within 12 hours. Large-scale tree planting initiatives can create green corridors, improve air quality, and mitigate the effects of floods and droughts.  Planting trees also provides economic benefits. Programs that encourage community involvement in tree planting, with benefits like carbon credits or fruit production, can create a sense of ownership and ensure the long-term success of these initiatives.

    Harness the Power of Nature: Harnessing solar energy technologies for generating electricity as an option for fossil fuel energy usage in Nigeria could prove to be a huge solution to climate change problems. The solar radiation potential in the northern and southern regions in Nigeria is given as 5.62 up to 7.01 and 3.54 up to 5.43 kWhm-2 respectively. Nigeria boasts abundant sunshine and investing in solar energy solutions like rooftop panels or community solar farms can significantly reduce dependence on fossil fuels.

    Solar power is not just environmentally friendly; it’s also reliable and cost-effective in the long run.  Government incentives and micro loans can make solar technology more accessible, empowering individual households and businesses to become energy independent. Practical solutions are needed to accelerate the adoption of renewable energy. A notable example is the “Nigeria Police Green Initiative” that was announced last year.

    Waste Not, Want Not: The challenge of having sanitary landfills in Nigeria is still a huge conversation when it comes to creating solutions for climate change problems. Most States in Nigeria still operate open dumping. Organic waste, when left to decompose in landfills, releases methane, a potent greenhouse gas. Composting kitchen scraps and yard waste transforms this waste into nutrient-rich fertilizer, perfect for boosting soil health in gardens and farms. This simple practice reduces reliance on chemical fertilizers, promotes a circular economy, and mitigates climate change.

    Landfills can also be areas that can be transformed into thriving green spaces that would be fit for the whole surrounding community to enjoy. Some examples are the Mucking Marshes Landfill in England that was transformed to Thurrock Thameside Nature Park, Mount Trashmore Park in Virginia, USA, Qiaoyuan Park in China and Chambers Gully in Australia.

    Embrace Sustainable Water Management: Nigeria faces growing water scarcity. Inadequate access to water contributes to the water and sanitation crisis in Nigeria. According to the World Bank, approximately 70 million Nigerians do not have access to safe drinking water and 144 million do not have access to basic sanitation facilities. One solution to the water crisis that affects climate change in Nigeria is to adopt sustainable water management.

    Rainwater harvesting systems can capture and store precious rainwater for later use. This captured water can be used for irrigation, washing, or even drinking after proper treatment.  Promoting water-saving practices like fixing leaky faucets and taking shorter showers can further reduce pressure on freshwater resources.

    And Empowering Communities, Building Together: The success of climate solutions hinges on community engagement. Investing in education and awareness programs empowers communities to understand the threat of climate change and take ownership of solutions. Supporting local NGOs and community leaders who are spearheading climate action initiatives is crucial.

    According to her, “these six solutions are just a starting point and by adopting these practices and fostering a spirit of innovation, Nigerian communities can build resilience, mitigate the effects of climate change, and create a more sustainable future for generations to come. The journey towards a climate-resilient Nigeria requires collaboration between government, businesses, and communities.

    “With collective action and a commitment to these simple yet impactful solutions, Nigeria can not only weather the storm of climate change but emerge stronger and more sustainable than ever before,” she narrated.

  • Emeka Obi: Chronicles of a Youth General

    Emeka Obi: Chronicles of a Youth General

    By Ovat Abeng

    Driven by passion and excellence in his relentless pursuit for youth development, empowerment and inclusiveness in socio-political and economic affairs, Amb. Surv. Emeka Obi who is a trained Surveyor and the CEO of leading survey firm, Apex Survey Services strongly believed that well educated and trained youths contribute their skills in almost every sector in a developing economy. They give their services in various capacities.

    In one of his selected speeches, Emeka reaffirmed that in nation building, Youths contribute their quota which is dependent on the government to create conducive environment and support young people for improved productivity.

    “My journey as a youth leader began when I engaged in identifying the problems of Youths and providing lasting solutions in my community and immediate environment, because I discovered that most young people are interested to make change but has limited education and opportunities to empower them to make impact. Thus the need for me to change the narrative by making literacy a fundamental part of the lives of children while also equipping them with the needed skills for them to thrive in life.

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    While sharing his story of passion, support for consistent growth, Obi reiterated his undying desire to continue his giant strides for impact and excellence towards the socio-economic and political development of young people.

    In June 28, 2022 when  Emeka took the oath of office as the number one commander of Youths in Anambra state as the State Chairman of National Youth Council of Nigeria, his emergence was applauded by many given his antecedents and track record of excellence in youth affairs.

    Within few days, he unfolded his leadership blueprint and began engaging Youths in life-changing programs symposium and seminars.

    – Visit to the physically challenged students, Isulo, Orumba North with education materials
    Provision of education materials to schools

    – Among the schools visited were; Central Primary school Mgbakwu, Community Primary School Urum, Egede Primary School Achalla, Central Primary School Oba-Ofemmili, community Primary School Ugbenu, community Primary School Ugbene all in Awka-North Local Government Area.

    – Sensitization program on girl rights

    – Supervision of public projects by the state government

    – NYCN Kings Cup

    – Election sensitization program and Awareness
    – Presents

    – 𝗕𝗲𝗮𝘂𝘁𝘆 𝗮𝗻𝗱 𝗕𝗿𝗮𝗶𝗻 𝗣𝗮𝗴𝗲𝗮𝗻𝘁𝗿𝘆 (Maiden Edition)
    – School outreach program on menstrual hygiene
    – Anambra Youth investment summit
    – Waste to wealth seminar
    – Wikipedia training for Igbo user groups
    – POS empowerment with Cash donation from Poolking Global Investment Ltd.
    – Youth empowerment with POS and Cash donation from the Graceland Real Estate
    – Youth leadership retreat
    – Youth business summit
    – Media hangout
    – Local Government ward executives Inauguration
    – Local government Liaison officers Inauguration and more.

    Decorated with flurry of awards for his excellence,

    The United Nation’s Youth Ambassador being leader of unwavering dedication, embodies the virtues of wisdom, understanding integrity which resonating deeply with Anambra Youths.

    Mgbakwu born Emeka has continued to initiate strokes of innovation under his outstanding leadership with finesse. Being a beacon of hope and excellence, the Youth general has demonstrated his willingness to ensuring  positive change by creating platforms to connect Youths to acquire information technological and communication and leadership skills through several partnerships for business development and growth.

    Beckoned by destiny, the PhD in view surveyor’s open door policy remains one of the best route to restoring and ensuring that youths regain their rightful positions in nation building via deliberate programs for sustainable socio-economic and political growth.

    With your believe that youths of today should be leaders of the present and future, may the years ahead filled with wisdom and sound health. May your years be more.

  • Delayed Salary Payment In Cross River State – Facts Against Myths

    Delayed Salary Payment In Cross River State – Facts Against Myths

    By Edem Darlington

    In 1987, Nigeria’s then military Head of State, General Ibrahim Babangida announced the creation of Akwa Ibom State from present day Cross River. By that action, the Cross River State Civil Service system automatically dwindled with the exodus of Akwa Ibomites out of the Civil Service system in Cross River State.

    The situation prompted the military administrator in Cross River State, Navy Captain Eben Ibim Princewill to authorize massive recruitment of about 10,000 workers into the State Civil Service workforce. A large number of that workforce will be leaving the Service later this year.

    During the 2018 May Day (Workers Day) celebration at the U.J. Esuene sports stadium in Calabar, Comrade John Ushie, then state chairman of the Nigeria Labour Congress, NLC in Cross River State affirmed that over 95% of the total work force within the state civil service would retire by the end of 2023. In his words according to Ushie, “There is an urgent need to recruit staff into the civil service, because currently over 95 percent of the staff in the state civil service will be retiring in 2023; and as such, the civil service may come to a close at the end of the Ayade Administration if recruitment is not carried out promptly,”

    Again, last year, during the 2023 May Day celebration at the Calabar stadium,  Chairman of the Trade Union Congress, TUC in the state, Comrade Monday Ogbodum, said that 80% of Civil Servants are nearing their retirement age and should leave service later this year, 2024.

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    The obvious truth is that by the end of 2024, all of those employed into the State Civil Service during the 1987 exercise would have completed their mandatory 35 years in service and therefore retire. In 2023 alone, an available record shows that over 7000 Civil Servants had retired from the state Civil Service.

    The pertinent question is, despite the available data, why is the Cross River State wage bill still the same, why has there not been a significant decline in the payroll system?

    While most government offices in the state are empty as a result of lack of staff, the wage bill has remained the same and consistently crowded with names of people with either lack of proper identification and/or with multiple banking details.

    For example, the ongoing verification exercise and payroll sanitisation revealed a particular level 6 staff within the local government system who earns a whopping N4million monthly, while some cases have revealed names some appearing four times with the same banking details. In another revelation the team noticed the padding of over N40million into the local government monthly wage bill as well as several other fraudulent activities dangerously draining the State government already lean resources into private pockets.

    From these revelations, It is clear that there are many who do not want this exercise to see the light of the day because of their obvious merchandise. To such persons, there is bad news for them, the exercise will be successful.

    They are strong allegations that such criminal activities are usually carried out in collaboration with other civil servants, politicians and even some leaders of the Labour Union.

    This is the right time for all stakeholders including the leadership of the Nigeria Labour Congress to join hands with the state government and firmly support this exercise if they must prove their accusers wrong.

    According to statistics released by the state Head of Service, so far,  out of the 11,062 pensioners within the State Pension system, 1051 cases of issues with duplicated names as well as other  challenges have been tracked, this is  apart from those who suspiciously decided to abscond during the verification exercise.

    In the Local Government Pension scheme, the verification exercise has been able to discover about 989 instances of missing files or name duplications. In the same vein, the Local Government staff payroll revealed 847 discrepancies, while the State Universal Basic Education Board (SUBEB) and the broader state payroll recorded 597 and 1,893 discrepancies, respectively.

    Although the governor, in his usual magnanimity has directed the payment of January salaries, owing to the current hardship, he has however instructed that the exercise be sustained in February.

    It is important to rally massive support for the state government so as to ensure the completion of this exercise. As His Excellency, governor Bassey Otu had said, monies saved from this exercise will be used to meet other basic needs staring the state right in the face, while the rest will be used to pay thousands of other young people in the state who will be drafted into the State Civil Service.

    Edem Darlington is the Deputy Chief Press Secretary to Governor Bassey Edet Otu

  • Celebrating International Volunteer Day: CyanahPEN’s Inspiring Story on the Edge of Free Service

    Celebrating International Volunteer Day: CyanahPEN’s Inspiring Story on the Edge of Free Service

    As the world marks International Volunteer Day on December 5, 2023, we are delighted to share the inspiring story of Cynthia Maduekwe, affectionately known as CyanahPEN, whose journey encapsulates the essence of volunteering and its transformative power.

    Title: “VOLUNTEERING; THE EDGE OF FREE SERVICE POSITIONING TO FREEBIE & FEE AS A WAY FORWARD TO POSITIVE VISIBILITY OF INNOVATIVE CREATIVITY”

    CyanahPEN’s narrative beautifully captures the spirit of volunteering as a powerful force for positive change. Her journey showcases how volunteering goes beyond a mere act of giving time; it is a pathway to unlocking innovative creativity and positive visibility.

    Read Also: C’River: UNHCR organizes Global Compact on Refugees workshop for officials

    This year’s International Volunteer Day theme, “The Power of Collective Action: If Everyone Did,” serves as a beacon of inspiration. It emphasizes the importance of collaboration and service leadership in creating meaningful impacts. CyanahPEN’s story aligns seamlessly with this theme, demonstrating the profound outcomes that can emerge when individuals come together for a common cause.

    In a world where economic challenges abound, the story of CyanahPEN highlights the significance of volunteering, even in the absence of monetary compensation. Volunteering is an investment in community building, personal growth, and the betterment of society as a whole.

    The United States has long recognized and appreciated the invaluable contributions of volunteers, and it serves as a testament to the positive changes that can be achieved through selfless service. As we celebrate International Volunteer Day, it is an opportune moment for Nigeria as a nation to fully embrace and encourage the culture of volunteering.

    Engaging the Public: Relevance and Importance of Volunteering
    While volunteering may not provide immediate financial gains, it paves the way for a future where the collective efforts of volunteers contribute to the development and prosperity of the nation. The press release aims to engage the public by underlining the relevance and importance of volunteering, fostering a sense of community, and inspiring individuals to contribute their skills and time for the greater good.

    International Volunteer Day is a reminder that collectively, small actions can lead to significant impacts. Let’s celebrate the volunteers like CyanahPEN, who embody the spirit of selflessness and service, making a difference in their communities and beyond.

  • Photos: Princewill shares images from father’s burial rites, thanks all for support

    Photos: Princewill shares images from father’s burial rites, thanks all for support

    The only child of HSM King Prof. T.J.T Princewill, the recently buried King of Kalabari Kingdom, Prince Tonye Princewill, has extended his heartfelt gratitude to all who supported and honoured the ceremony and rites that marked his father’s burial.

    Prince Tonye in a short message circulated to journalists, with the caption “Kingdom Honouring the Legacy of my father, HSM King Prof. T.J.T Princewill, the Amanyanabo of the Kalabari and the natural ruler of Kalabari,” said he is “grateful for the outpouring of love and support during these weeks of cultural rites, culminating in a beautiful celebration of his impactful life over the years.”

    “As his only child, I’ve navigated the intricate cultural rights with love and pride. Heavy is the head that wears the crown, but the strength of all our community lifted me, including you.

    Read Also: C’River: UNHCR organizes Global Compact on Refugees workshop for officials

    “Today, I share a glimpse of the rich tapestry of our culture through a few images from the burial rites.

    “Thank you to my family, my many classmates, schoolmates, friends, colleagues, and well wishers for all your unwavering support. I couldn’t have done this without you.”