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Peter Obi Reacts As Microsoft Set To Shut Down Operations In Nigeria

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Former Governor of Anambra State, Peter Obi, has reacted to reports suggesting that Microsoft might be considering shutting its African Development Centre based in Lagos.

The decision means that at least 200 staff would be out of jobs.

It would also affect the country’s technological landscape, potentially impacting job opportunities and innovation in the sector.

In a statement via X on Wednesday, the Labour Party (LP) presidential candidate in the 2023 election stated that the latest development underscores Nigeria’s urgent need for comprehensive economic reforms.

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According to Peter Obi, the closure of Microsoft’s innovation centre represents another significant setback for Nigeria’s aspirations to become a hub for technology and innovation in Africa.

Peter Obi also noted that Microsoft’s exit is considered a blow to the efforts to create employment opportunities and drive economic growth in Nigeria, particularly in the critical technology sector, which holds immense potential for innovation and job creation.

The statement read, “The recent announcement of Microsoft Nigeria to its workers about shutting down its innovation center in Lagos and cutting 200 jobs is deeply troubling. It underscores the urgent need for comprehensive economic reforms in Nigeria. This further highlights the challenges and broader issues plaguing the Nigerian economy.

“The closure of Microsoft’s innovation center represents yet another significant setback for Nigeria’s aspirations to become a hub for technology and innovation in Africa. It also raises serious concerns about our business environment for investors.

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And this has become a stark reminder of the obstacles faced by both local and international businesses operating in Nigeria, including regulatory hurdles, and an uncertain business environment.

“The loss of 200 direct jobs, and several other indirect jobs, is not just numbers and statistics but represents the livelihoods and aspirations of individuals and families who now face uncertainty and financial hardship.

It is a blow to the efforts to create employment opportunities and drive economic growth in Nigeria, particularly in the critical technology sector, which holds immense potential for innovation and job creation.

We must take decisive actions to address the root causes of this decline in investor confidence and create an enabling environment for businesses to thrive.

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“We must prioritize policies that promote innovation, entrepreneurship, and job creation, while also ensuring transparency, accountability, and good governance. Additionally, we must invest in education and skills development to equip our workforce with the necessary tools and knowledge that will unlock the full potential of our nation and position us to compete in the global economy.”

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Rupture In PDP Governors’ Forum deepens

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By Ojomah Austin.

 

The evolving fall-out, which comes barely days to the contentious National Executive Committee (NEC) of PDP, followed a back and forth between the Federal Capital Territory (FCT) Minister, Nyesom Wike and the Governors forum, who declared support for Rivers State governor, Siminalayi Fubara to be made leader of the party in the state.

After a meeting with some members of the party’s National Working Committee (NWC) in Bauchi on Wednesday, Governor Mohammed, said “According to our party’s constitution, any leadership vacancy should be filled by someone from the region where it originated,” stressing that Damagum would be replaced soon considering that he hails from North East and not the North Central.

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Same day, Makinde, during the groundbreaking of the upgrading of Ladoke Akintola Airport, Ibadan, to an international airport, which was attended by another set of NWC members, led by Damagum, said he would support whatever decision the Damagum-led NWC would take to reposition the party.

Damagum, who is considered a close ally of Nyesom Wike, the Federal Capital Territory (FCT) Minister, was appointed acting national chairman after the removal of Iyorchia Ayu in June 2023.

Meanwhile, the Board of Trustees (BoT) of the PDP led by Senator Adolph Wabara, met with members of the National Assembly caucus in Abuja.

The close door meeting comes barely hours after the BoT met with Wike in Abuja.

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While Wabara refused to comment on the essence of the meeting with the lawmakers, it was noticed that most of the lawmakers didn’t honour the invitation.

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Tears As Man Takes Own Life Over Tinubu’s Govt Hardship

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By Mario Deepromoter

Sad development in Marika village, Kiyawa Local Government, Jigawa, where a 40-year-old man, Jibrin Adamu, committed suicide by hanging himself.

According to eyewitnesses, Adamu’s lifeless body was discovered in a classroom at Miftahul Khairat Islamiyya and Primary School Gurdiba on Thursday.

Police spokesperson DSP Lawan Shiisu Adam confirmed the incident, stating that preliminary investigations revealed Adamu had struggled with mental health issues.

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“Police received a report on Thursday that at about 1830hrs, a tragic incident was reported at the Command headquarters that one Jibrin Adamu ‘m’ age 40yrs of Jigawar Maroka village, Kiyawa LGA has committed suicide by hanging himself over the ceiling at Islamiyya school,” the Police spokesperson told Daily Post.

The Jigawa State Commissioner of Police, CP AT Abdullahi, has instructed officers to conduct a thorough investigation into the incident.

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Just in: Dangote Petrol Now Available at N765.99 Per Litre

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By Mario Deepromoter

11plc, Total Energies, AA Rano, and other marketers have begun lifting Dangote Petrol through Nigerian National Company (NNPC) Trading Limited for N765.99 to retail outlets nationwide.

Findings showed some petroleum marketers who were able to complete their payment process on the NNPC trading payment portal commenced the lifting of petrol earlier this week under the existing agreement between marketers and the refinery.

Tunji Oyebanji, managing director, 11Plc confirmed to BusinessDay on Thursday evening that some marketers have started lifting the products at N765.99 from Dangote Refinery through NNPC who remain the sole off-taker of product.

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“We were among the first marketers to complete the payment on the NNPC portal. We have no direct arrangement with the refinery,” Oyebanji said.

It was gathered that NNPC Retail, 11plc, Total Energies, A.A Rano are among the marketers that have picked up products from the refinery.

He added, “We don’t know the contractual financial arrangement between NNPC and the refinery but what I can confirm is we are buying at N765.99 from NNPC to lift Dangote petrol”.

Efforts to get the Independent Petroleum Marketers Association of Nigeria (IPMAN) to confirm if its members have picked up products at the Dangote Refinery proved abortive at the time of writing this report.

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See also Nigeria’s Petrol Landing Cost Revealed
Adedapo Segun, executive vice-president, downstream at NNPC said marketers cannot purchase petrol directly from the refinery because the product is still sold at a subsidised rate.

“That is the same thing happening with Dangote. I said earlier that Dangote is a company and it is going to sell at market price,” he told Journalists.

According to Segun, “The market value of PMS is still higher than what N766 or N765 or N799 that NNPC is selling.

“The situation has not changed there. So, NNPC’s off-taking is only because the others would not buy at the price Dangote will be willing to sell, which is reasonable.

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“As soon as the price allows for it, you will see the marketers go to Dangote and buy.”

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