Connect with us

News

UNCOMMON: Nominee rejects CBN board appointment in Nigeria

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

The Southeast nominee for membership of the Central Bank of Nigeria (CBN‘s) board of directors, Urum Kalu Eke, has rejected his appointment.

The Senate however confirmed the appointments of four others.

Rejection of appointment of membership of CBN board of directors by Eke from Abia state, came to the fore on Thursday during confirmation of appointments of four other nominees by the Senate.

The chairman of Senate Committee on Banking, Insurance and other Financial Institutions, Senator Adetokunbo Abiru (APC Lagos East), had in his report presentation for confirmation of the nominees by the Senate after screening exercise carried out on them, informed his colleagues that Mr Urum Kalu Eke didn’t attend the session.

Advertisement

He specifically informed the Senate that four other nominees – Mr Robert Agbede, Mr Ado Yakubu Wanka, Professor Murtala Sabo Sagagi and Mrs Muslimat Olanike Aliyu, appeared before the committee for screening and convinced it of their suitability for the appointments.

He thereafter, urged the Senate to confirm the appointments of the four nominees who attended the screening session and decline that of Kalu Eke who didn’t attend the screening exercise.

But for purpose of clarity, a member of the Committee, Senator Orji Uzor Kalu (APC Abia North), quickly rose to inform the Senate that Urum Kalu Eke being one of his constituents, told him that he was declining the appointment to avoid conflict of interest.

According to Senator Kalu, Urum Eke, is a consultant to the World Bank and other international financial institutions which would make him not have the required time to function well as a CBN director.

Advertisement

“Mr President, I’m a member of the committee that carried out screening on nominees forwarded to the Senate for appointment as members of Board of Directors of CBN by President Bola Tinubu”, Senator Kau said.

He added: “During the screening exercise, Urum Kalu Eke from Abia North, called me for not attending the session.

“He said as a consultant to the World Bank and other international financial institutions, he wouldn’t take the appointment to avoid conflict of interest.”

Who’s Urum Kalu Eke?
Urum Kalu Eke is a prominent figure in the Nigerian banking industry. He was born on October 17, 1966, in the town of Umuahia in Abia State, Nigeria. He obtained his Bachelor’s degree in accounting from the University of Nigeria, Nsukka, and subsequently went on to obtain a Master’s degree in business administration from the same institution.

Advertisement

Career
Eke has had an illustrious career in the banking industry, spanning over three decades. He began his banking career with Diamond Bank in 1992, where he worked in various capacities, including as an executive director and deputy managing director.

In 2014, he was appointed as the Group Managing Director/CEO of Fidelity Bank Plc, one of the top 10 commercial banks in Nigeria. Under his leadership, Fidelity Bank has made significant strides in the areas of digital banking, innovation, and sustainability.

Achievements
Eke has received numerous accolades and recognitions for his contributions to the banking industry. In 2020, he was named the Bank CEO of the Year at the BusinessDay Banks and Other Financial Institutions (BOFI) Awards.

He has also been recognized by various organizations for his leadership and achievements in the banking industry, including being named as one of the Top 50 CEOs in Nigeria by BusinessDay in 2019.

Advertisement

Personal Life
Eke is married with children and is known to be a private person who values his family time. He is also known for his philanthropic activities, including supporting education and healthcare initiatives in his community.

Continue Reading
Advertisement

News

*Hajia Hansatu Zannah Applauds Tinubu, Shettima at Three-Year Milestone*

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

By Kayode Sanni-Arewa

Hajia Hansatu Zannah, distinguished member of the Governing Council of the African Union Agenda 2063 and Ambassador Plenipotentiary, has extended heartfelt commendations to President Bola Ahmed Tinubu, GCFR, and Vice President Kashim Shettima, GCON, as they mark three years in office.

“This remarkable milestone signifies an era of purposeful leadership that has brought notable triumphs to our nation under President Tinubu’s administration,” Hajia Hansatu remarked during an engagement with select political correspondents in Abuja on Tuesday.

She praised President Tinubu for his unwavering commitment to national unity, economic transformation, and the strengthening of Nigeria’s global reputation. Reflecting on the administration’s achievements, she highlighted progress in infrastructure development, anti-corruption efforts, and initiatives designed to stimulate sustainable economic growth.

Advertisement

“President Tinubu’s three years in office have been defined by a resolute pursuit of policies aimed at revitalizing our economy and enhancing the quality of life for all Nigerians. His dedication to infrastructure expansion, healthcare improvement, and educational advancement is commendable and lays a strong foundation for future prosperity,” she stated.

Hansatu, a seasoned media personality and communication strategist, emphasized the importance of visionary leadership in navigating Nigeria’s current challenges. She expressed optimism that the administration would continue to consolidate its successes while addressing pressing issues such as security, unemployment, and economic stability.

“In these challenging times, Nigeria requires a leader with vision, resilience, and a profound understanding of our diverse cultural and socio-economic landscape. President Tinubu has demonstrated these qualities through his inclusive approach and steadfast dedication to uplifting every segment of society,” she added.

Calling for collective responsibility, Hajia Hansatu urged Nigerians to support the administration’s efforts and remain united in confronting national challenges.

Advertisement

“As this administration celebrates this milestone, let us recommit ourselves to the values of hard work, unity, and patriotism. Together, we can build a Nigeria that is strong, prosperous, just, and equitable—a nation admired across the world,” she said.

She further noted that President Tinubu’s leadership style is distinguished by his detribalized disposition, drawing parallels with the late Chief Moshood Abiola’s inclusive politics. “Asiwaju Bola Ahmed Tinubu has embraced every tribe and religion in Nigeria. His compassion, generosity, and inclusive governance inspire trust and confidence in his leadership,” she affirmed.

Hansatu concluded by reaffirming her personal commitment to supporting President Tinubu and Vice President Shettima in their mission to advance Nigeria’s welfare and development. She pledged to continue serving as an exemplary ambassador both at home and abroad, dedicated to initiatives that promote national progress and unity.

Advertisement
Continue Reading

News

AI, skills and innovation key to East Midlands’ digital economy growth, experts say

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

By Kayode Sanni-Arewa

Experts, technology leaders, academics, investors and entrepreneurs have identified artificial intelligence, digital skills development and innovation as key factors that will shape the growth of the East Midlands’ digital economy.

The remarks were made at the Tech Derby Conference 2026, held at Vaillant Live in Derby as part of East Midlands Tech Week, where stakeholders gathered to discuss the theme, “AI & the Next Digital Economy: Innovation, Opportunities and Responsible Governance.”

The conference focused on how artificial intelligence is transforming industries, creating new business opportunities and influencing the future of work, while highlighting the importance of responsible AI adoption, ethical governance and investment in talent development.

Advertisement

A major highlight of the event was a keynote address by Professor Stephan Reiff-Marganiec, Head of the School of Computing at the University of Derby, who spoke on developing local talent for an AI-ready future.

Professor Reiff-Marganiec emphasised the need for stronger collaboration between universities, industry and communities to prepare people with the skills required to take advantage of emerging technological opportunities.

The conference also featured a presentation by Ajibola Shokunbi of AudioInsight UK, who shared insights into the use of artificial intelligence in music education and demonstrated how research-driven innovation can be developed into practical solutions with real-world impact.

During the panel session titled “AI Governance and Responsible Innovation: Building Trust in the Next Digital Economy,” experts examined issues surrounding accountability, transparency, data governance and public confidence in the adoption of artificial intelligence.

Advertisement

The discussion was moderated by Adepeju Bello, a cybersecurity and financial crime specialist, Director at Tech Derby, and Head of the Tech Advisory & Policy Group (TAG).

Bello said artificial intelligence had moved beyond being a future concept and was already changing how people work, learn, communicate, make decisions and build businesses across sectors such as healthcare, finance, education and entrepreneurship.

“Artificial Intelligence is no longer a future technology, it is already transforming how we work, learn, communicate, make decisions, and build businesses. From healthcare and finance to education, government, and entrepreneurship, AI is creating incredible opportunities for innovation and growth,” she said.

Contributing to the discussion, Rukayat Balogun highlighted the importance of responsible AI adoption, stressing the need for accountability, transparency, effective data governance and meaningful human oversight to build trust in emerging technologies.

Advertisement

Joseph Origbo, PhD Researcher, AI and Digital Innovation Advocate, and Co-Founder of Tech Derby, said responsible innovation required collaboration among universities, businesses, public-sector organisations and technology leaders.

He noted that building a competitive digital economy required not only technological advancement but also investment in skills, partnerships, trust and inclusive growth.

Speaking after the conference, Akindayo Akindolani, CEO of Tech Derby, said the event demonstrated the impact of bringing together founders, professionals, universities, investors, businesses and community leaders around a shared vision.

“Tech Derby was created to build a stronger technology ecosystem in Derby and the wider East Midlands. This conference showed what is possible when founders, professionals, universities, investors, businesses and community leaders come together around a shared vision,” he said.

Advertisement

Akindolani added that AI and digital innovation should not be limited to major cities, noting that Derby had the talent, ideas and ambition to play a significant role in the next digital economy.

He said Tech Derby would continue supporting technology growth through startup programmes, AI workshops, technical training, founder support initiatives and ecosystem partnerships.

Olawale Olatunji, Co-Founder and Event Project Manager, described the conference as a reflection of the region’s growing technology ambitions.

“The Tech Derby Conference 2026 was more than an event; it was a demonstration of what can be achieved when people from different sectors come together with a shared vision for innovation and growth,” Olatunji said.

Advertisement

He added that discussions around AI, responsible innovation, digital skills and business growth reinforced the potential of the East Midlands to become a leading technology hub.

The conference was supported by partners including East Midlands Tech Week, University of Derby, British Business Bank, Mercia Ventures, LemFi, TES Community and other members of the local innovation ecosystem.

Tech Derby said it would continue developing programmes focused on AI training, startup support, hackathons, youth-focused digital activities and partnerships aimed at strengthening the region’s technology landscape.

Omolara Oladipupo, software developer, also spoke on building competitive businesses in the digital economy, highlighting emerging technologies such as agentic AI and other digital tools businesses—particularly SMEs—should monitor over the next five years, alongside practical technologies that can support growth and efficiency.

Advertisement
Continue Reading

News

From Blackouts to Breakthroughs: Why West Africa’s Energy Story Is Far From Finished

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

By Gloria Ikibah

For millions of people across West Africa, electricity remains a privilege rather than a guarantee. While cities grapple with frequent blackouts and ageing infrastructure, many rural communities still live beyond the reach of national grids, relying on candles, kerosene lamps and diesel generators to power their daily lives.

Yet a quiet energy revolution is unfolding across the region.
From Senegal to Ghana, Cabo Verde and Nigeria, solar mini-grids and off-grid renewable energy systems are gradually changing the story, bringing power to villages that have waited decades for electricity. The transformation is creating businesses, improving healthcare, supporting education and opening new economic opportunities.

But as promising projects emerge, a new challenge is becoming clear: generating electricity is no longer the biggest problem. Keeping pace with rising demand, financing expansion and building sustainable systems are proving to be the real test.

Advertisement

Access to electricity has long been one of West Africa’s greatest development challenges. According to the ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE), millions of people in the region, particularly in rural areas, still lack reliable access to electricity despite significant progress over the past decade.

The ECOWAS Vision 2050 framework identifies energy access as a critical driver of industrialisation, regional integration and poverty reduction, recognising that economic growth cannot thrive without dependable power supply.

The situation reflects a wider African reality. While investment in renewable energy is increasing, expanding electricity access remains a major challenge because of population growth, financing gaps and ageing transmission infrastructure.

International agencies and reports by Reuters have repeatedly highlighted how frequent power shortages continue to slow industrial production, discourage investment and increase the cost of doing business across the region.

Advertisement

Against this backdrop, renewable energy has emerged as one of West Africa’s most practical solutions.

In Senegal’s Fatick Region, the rural community of Ndiob offers a glimpse of what is possible.

During a recent field mission, members of the ECOWAS Parliament’s Joint Committee on Energy and Mines, Infrastructure, Agriculture, Environment and Natural Resources travelled from Dakar to inspect a solar-powered mini-grid serving three villages.

Managed by Green Impact West Africa under the supervision of Senegal’s Rural Electrification Agency (ASER), the project uses a containerised solar plant equipped with photovoltaic panels and lithium-ion battery storage to supply homes, schools, health centres and small businesses.

Advertisement

The impact is visible everywhere, as street lights illuminate roads that were once dark after sunset. Health centres preserve medicines safely. Schools enjoy longer study hours, while artisans such as welders, tailors and carpenters have expanded their businesses because electricity is available throughout the day.

Women have found new opportunities through food preservation and small-scale processing, while young people are being employed as technicians responsible for maintaining the solar facilities.

For residents, electricity has become more than a public service; it has become an economic asset.

As local resident Mustafa Faye told visiting lawmakers, thst the village now resembles a growing town, attracting residents who work in Dakar but choose to live in Ndiob because of improved living conditions.

Advertisement

Ironically, the success of the Ndiob project has exposed one of renewable energy’s biggest challenges.

Demand is growing faster than supply, especially when more households now own refrigerators and electrical appliances, while businesses require greater power capacity than the original installation was designed to provide.

Residents complain of low voltage and irregular supply, making it impossible to operate high-energy equipment such as air conditioners and larger machinery.

But the problem is not peculiar to Senegal. Across West Africa, many mini-grid projects were initially designed as pilot schemes serving small populations. As communities expand and local economies improve, electricity consumption rises sharply, placing enormous pressure on existing infrastructure.

Advertisement

Battery storage remains another major constraint.
Solar energy is abundant throughout West Africa, but without sufficient storage capacity, electricity generated during the day cannot always meet evening demand when households and businesses consume the most power.

Operators also face high maintenance costs, logistical difficulties in reaching remote communities and the challenge of replacing specialised equipment.

The biggest obstacle may not be technology but investment. This is because renewable energy projects require significant upfront capital, while returns often take years to materialise. Rural communities with low incomes may also struggle to pay electricity bills consistently, especially during agricultural off-seasons.

This makes long-term sustainability difficult without continued support from governments, development finance institutions and private investors.

Advertisement

Recognising these challenges, lawmakers at the ECOWAS Parliament’s five-day delocalised meeting in Dakar adopted resolutions calling for accelerated deployment of decentralised renewable energy systems across the region.

The Parliament recommended stronger financing mechanisms, harmonised regulations, improved quality standards for renewable energy equipment and greater support for productive uses of electricity that generate income for rural communities.

The lawmakers also urged increased backing for ECREEE and renewed efforts to address financial challenges affecting the West African Power Pool (WAPP), the regional electricity integration project designed to enable cross-border power trading.

For many policymakers, sustainable rural electrification will depend on community ownership rather than government intervention alone.

Advertisement

Speaking after the field visit, ECOWAS Parliament Vice Chairman of the Committee on Infrastructure, Hon. Ahmed Munir, said renewable energy projects are already creating jobs and reducing poverty across rural communities.

According to Munir, lawmakers witnessed women producing and selling ice blocks, tailors expanding their businesses and young technicians maintaining solar installations.

“We saw prosperity, not just electricity,” he said.

Munir argued that communities should actively invest in renewable energy enterprises instead of waiting for governments or foreign investors to solve every problem.

Advertisement

His position reflects a growing consensus among energy experts that local participation increases project sustainability while creating stronger economic incentives for maintenance and expansion.

The experience in Ndiob demonstrates that electricity is not simply about switching on lights.

Reliable power supports cold storage for farmers, reduces post-harvest losses, improves healthcare delivery, strengthens education and creates opportunities for entrepreneurship.

Every additional connection has the potential to generate employment and stimulate local economies. The visit also exposed a broader reality confronting West Africa’s energy transition: solar panels alone will not solve the region’s electricity deficit.

Advertisement

Greater investment in battery storage, stronger transmission systems, local technical skills, supportive regulations and innovative financing models will all be required if renewable energy is to achieve its full potential.

West Africa possesses one of the world’s richest solar resources, but the challenge is no longer whether the region has enough sunshine.

The real question is whether governments, investors and communities can work together to transform that natural advantage into reliable electricity capable of powering homes, businesses and industries for generations to come.

If the lessons from Ndiob are any guide, the future is already taking shape. What remains is ensuring that the infrastructure grows as quickly as the ambitions of the people it serves.

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News