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Ekiti To Smoothen Private Sector Engagement With IFC

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Governor of Ekiti State, Kayode Fayemi, on Tuesday revealed plans of the state government to establish and strengthen private sector relationship with the International Finance Corporation (IFC), with a view to driving sustainable developments in the State.

The International Finance Corporation (IFC) is an international financial institution of the World Bank that offers investment, advisory and asset management services to encourage private sector development in developing countries.

Fayemi made the plan known while playing host to the Country Manager, IFC, Eme Essien Lore, in his office in Ado Ekiti.

The Governor identified the private sector as very key in driving the sustainability of government projects and Initiatives and assured that the State government would stand as guarantors to promising private sector entities that intend going into partnership with IFC.

He said, the idea of fostering privates sector partnership with IFC was to provide opportunities and supports for more investors to establish and drive sustainable businesses in the State.

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The Governor, also disclosed that the achievement of his administration in providing key infrastructural developments that would encourage private sector businesses to thrive in the State.

Fayemi mentioned that the State Government was already in partnership development partners like the World Bank, African Development Bank, Islamic Development Bank and other agencies in building its infrastructure development.

According to him, ” if we can smoothen that path into relationship with IFC, it will also provide a relief to us to focus on development in an institutional manner while we are also encouraging private sector players to thrive”.

“We can provide guarantee for whatever they are going to do with you so that you know that they are engaged with State and the State is interested in what they are doing. The State will be there to provide necessary guarantee, for projects like our hotels and facilities management Initiatives including new ones coming on stream and that is an area we will like your expertise and support to come into play”.

The Country Manager, Eme Lore in her remarks, disclosed that the institution would invest into the private sector either by lending or by giving technical supports with a very development intention.

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Man dies after setting himself, wife on fire in Ondo

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An as-yet-unnamed man has died after setting himself and his wife ablaze in the Ijoka Area of Akure, Ondo State.

It was gathered that the couple, who had been married for ten years and had two children, had separated following an undisclosed marital issue.

The incident was disclosed by the state police command on its X handle on Friday.

The police reported that the deceased took the fatal action against himself and his wife after he had begged her for reconciliation, but she refused to end the crisis.

A police source, who requested anonymity as they were not authorised to speak on the matter, said: “The man had been separated from his wife for some time but had been begging her to end the conflict between them and continue their lives as husband and wife. However, the wife refused.

“So, on a fateful day, the deceased invited his estranged wife to his house to pick up an item. When she arrived, he began begging her again. But the wife insisted on not reconciling, which led him to lock the door from the back, pour petrol on both himself and the woman, and set them on fire. He died on the spot.”

When contacted, the state Police Public Relations Officer, Funmilayo Odunlami, confirmed the incident, adding that while the husband died, the wife was still in hospital receiving treatment.

Odunlami stated, “They were married and, along the way, had issues that caused them to stay apart. The deceased asked his wife to come over and collect a wardrobe. When she arrived, he began threatening to kill himself but later locked the door so that both of them would die together.

“Using fuel and a lighter, he set himself and the woman ablaze. He died on the spot, while the woman suffered major burns.”

 

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Nigeria cannot achieve meaningful development without power sector reforms –VP Shettima

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Shettima

Nigeria’s Vice President, Kashim Shettima, says the country cannot achieve economic development without addressing the power sector crisis.

This is as he urged leaders in the country to rise above their differences, confront the power sector crisis and make Nigeria an industrialized nation.

Shettima stated this when while inaugurating the National Economic Council, NEC, Ad-Hoc Committee on National Electrification and NEC Ad Hoc Committee on Polio Eradication at the Presidential Villa, Abuja.

“One common thing with these countries and others in the post-industrial revolution community is that they have largely resolved the issue of energy insufficiency.

“There is no doubt that we cannot dream of meaningful national economic development without addressing the issue in the power sector and ensuring that Nigerians have accessible, available and affordable energy,” he stated.

While regretting that an estimated 40-70 percent of Nigerians have no formal access to electricity, Shettima said he is comforted by the knowledge that the calibre and experiences of Governors and other members of the committee will change the narrative in a positive trajectory.

The VP acknowledged the basic challenges in the nation’s power sector, particularly the national grid which has been witnessing system collapse.

Shettima, however, expressed hope that there would soon be significant improvement following the recent reforms in the energy sector which have opened the sector, not only to the participation of, otherwise, excluded players, but also to attract investments, both foreign and local.

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Tinubu appoints Nwakuche Ndidi acting Controller-General of prisons

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President Bola Tinubu has approved the appointment of Nwakuche Ndidi as the Acting Controller-General of the Nigerian Correctional Service.

In a statement released on Friday, Ja’afaru Ahmed, the Secretary of the Civil Defence, Correctional, Fire, and Immigration Board, announced that Ndidi’s appointment will officially begin on December 15, 2024.

His appointment comes after the conclusion of the term of the current Comptroller General, Haliru Nababa.

The statement reads: “The President and Commander-in-Chief of the Armed Forces, Bola Ahmed Tinubu, GCFR, has graciously approved the appointment of Nwakuche Sylvester Ndidi as Acting Controller-General of the Nigerian Correctional Service following the expiration of the tenure of Haliru Nababa. His appointment takes effect from December 15, 2024.

“Nwakuche, born on November 26, 1966, hails from Oguta in Imo State. Until his appointment, he was the Deputy Controller-General in charge of the Training and Staff Development Directorate. He is a fellow of the prestigious National Institute for Policy and Strategic Studies and holds the national honour of Member of the Federal Republic.

“The President further enjoined him to bring his wealth of experience to bear in his new capacity.”

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