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Ali Baba, D1, Azuh Arinze, Emeka Oparah, Aisha Lawal and other celebs set to storm Ikorodu

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8 years ago

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Grand finale banner

 

Billed to hold with glitz and glamour in few days at the beautiful aquatic town of Ikorodu is the Grand finale of the 5th edition of UNLEASH Your Talents.

 

This year’s show, the 5th in the series of the annual grassroots talents exposition tagged “the movement edition” is scheduled to take place at the 2000 seater hall capacity of King’s Court Events Centre, Ikorodu on Sunday the 21st of August, 2016.

 

Emeka Oparah, Ali Baba, Gbenga Adeyinka D 1st, Otunba Dayo Adeneye, Azuh Arinze, Aisha Lawal,Sheyi Ashekun, Seun Oloketuyi are headlining mix of notable personalities drafted from different sectors from fashion to media to encourage the organizers and the lucky twenty-three finalists at the Grand finale of #UNLEASHSeasonV. Also expected at the event is the fast rising Music Arewa.

 

The organizers hope to use this edition as a launchpad to kickstart the spread of the project UNLEASH Your Talents to all other parts of Lagos State as they introduce the new scheme MIME: Mentor’s Inspiring Moments for Empowerment, a process whereby veterans in the field where the project is concerned adopts the 1st position holder or anyone of their choice amongst the finalists for mentoring and grooming in the art.

 

Professionals who have accepted to pilot the scheme for this edition are Ali Baba, Gbenga Adeyinka D 1st,Hilarry Jackson, Legendary Gold Ltd. and DJ Roland of #Ekofm and #Metrofm.

 

Anchoring the event is the popular delectable Presenter, Doyin Kukoyi.  While DJ Tonyz Da Blastmasterwill be behind the sounds wheel.

 

Expected as the Royal Father of the day is the Paramount Ruler, His Royal Majesty, Oba Kabir Adewale Shotobi, Ilufemiloba Adegorunshen V, the Ayagburen of Ikorodu.

 

The Special Guests of Honour are Pharm. Uzamat Akinbile-Yusuf and Otunba Dayo Adeneye, who are Hon. Commissioners for Lagos State Youth & Social Development and Ogun State Information respectively.

 

The Father of the day is Mr. Samuel O. Sogunro, The Rector of Lagos State Polytechnic. while confirmed as Mothers of the day are Mrs. Olufunmi Oshinowo-Bashorun and Lady Evang. T.O. Sunmoni.

 

Chairing the occassion is Dr. G.I. Agbaje of NASRDA.

 

While the Chief Host is Hon. Babajimi Benson, MHR (Ikorodu Federal Constituency); and the Hosts are all Ikorodu division LG & LCDAs SolAds.

 

The Guest Speaker is Mayor Deen Sanwoola, the CEO of Something Else and DG, iCare Foundation.

 

This year edition which is the commemorative edition is also going to serve as a platform to celebrate and appreciate brands and personaities who have stood firmly behind the project over the past five years. Notable amongst the brands picking UNLEASH appreciacion awards are #Airtel Nigeria, #Encomium Magazine, Mr. Azuh Arinze, Publisher of Yes International Magazine, Kunle Adelabu, Publisher of The Impact Newspaper and a couple of other individuals.

 

Tickets for admission are available in different categories with price range as

 

Regular:                           N1000.00

VIP:                                N2, 500. 00

VVIP (table for five):         N15, 000.00

 

Glamour carpet starts by 12noon while event proper starts from 1pm to 6pm.

 

Enquiries can be directed to any of the telephone numbers: 08027201004, 08086891684, 08022837357, 08120664964.

 

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Sahara weekly online is published by First Sahara weekly international. contact [email protected]

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Business

Holiday Relief: Dangote Refinery Lowers PMS Price to N899.50, Introduces Special Credit Offer

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10 hours ago

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December 19, 2024

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Holiday Relief: Dangote Refinery Lowers PMS Price to N899.50, Introduces Special Credit Offer

Holiday Relief: Dangote Refinery Lowers PMS Price to N899.50, Introduces Special Credit Offer

In a bid to ease financial burdens during the holiday season, Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) to N899.50 per litre. This follows a previous price cut to N970 per litre on November 24. The move is aimed at reducing transportation costs for Nigerians as they prepare for festive celebrations.

Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Group, disclosed the development in a statement, highlighting additional benefits for consumers. Beyond the price reduction, the refinery is introducing a special credit offer. For every litre of PMS purchased on a cash basis, consumers can buy an additional litre on credit, supported by a bank guarantee from Access Bank, First Bank, or Zenith Bank.

“To help reduce transport expenses this holiday season, we’re offering PMS at N899.50 per litre and providing a credit option for additional purchases. This is part of our commitment to making high-quality petroleum products accessible to Nigerians,” Chiejina said.

The refinery also reaffirmed its commitment to providing premium-quality, environmentally-friendly fuel, while ending Nigeria’s dependence on substandard imported products.

With a capacity of 650,000 barrels per day, the Dangote Refinery is the largest single-train refinery in the world, capable of meeting Nigeria’s entire refined petroleum product demand and generating surplus for export. As the festive season approaches, the company expressed gratitude to Nigerians for their support and pledged continued efforts to ease their economic burdens.

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Business

Setting the Record Straight: Clarifying NNPCL’s Role in the Dangote Refinery Investment

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24 hours ago

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December 18, 2024

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General Buratai Urges Dangote Not To Succumb To Marketers Blackmail, Reveals Why

Setting the Record Straight: Clarifying NNPCL’s Role in the Dangote Refinery Investment

We have received numerous inquiries from the media and concerned stakeholders seeking clarification regarding a recent report attributed to the Nigerian National Petroleum Company Limited (NNPCL). The report suggested that NNPCL’s decision to secure a $1 billion loan backed by its crude was instrumental in supporting the Dangote Refinery during liquidity challenges.

Setting the Record Straight: Clarifying NNPCL's Role in the Dangote Refinery Investment

We wish to categorically state that this narrative is a misrepresentation of the facts. The $1 billion referenced constitutes just about 5% of the total investment in building the Dangote Refinery.

Our partnership with NNPCL was established based on their strategic importance as the largest offtaker of Nigerian crude and, at the time, the sole supplier of gasoline into Nigeria. As part of this agreement, a 20% stake in the refinery was valued at $2.76 billion. Of this amount, NNPCL agreed to pay $1 billion upfront, while the remaining balance was structured to be recovered over five years through crude oil supply deductions and dividends.

If we had been facing liquidity challenges, such generous credit terms would not have been feasible. At the time of the agreement in 2021, the refinery was still in its pre-commissioning phase. Any claims suggesting financial struggles are inconsistent with the structure and nature of this agreement.

Regrettably, NNPCL was unable to meet its commitment to supply the agreed 300,000 barrels per day of crude oil due to pre-existing financial commitments tied to their crude cargoes. Given this, we extended a 12-month period for NNPCL to pay cash for the balance of their equity. However, they were unable to meet the deadline, which expired on June 30, 2024. Consequently, NNPCL’s equity stake in the refinery was adjusted to 7.24%.

It is therefore inaccurate to claim that NNPCL facilitated a $1 billion investment amid liquidity challenges. Their $1 billion investment secured a 7.24% ownership stake in the Dangote Refinery, a strategic partnership beneficial to their interests.

NNPCL remains a valued partner, and we urge all stakeholders to adhere to the facts and provide accurate information to ensure proper media representation for the benefit of all stakeholders and the public.

Anthony Chiejina
Group Chief Branding and Communications Officer
18th December, 2024

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MTN Contributes N200bn Monthly in VAT, Driving Tax Reform Debate

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2 days ago

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December 18, 2024

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MTN Contributes N200bn Monthly in VAT, Driving Tax Reform Debate

MTN Contributes N200bn Monthly in VAT, Driving Tax Reform Debate

 

MTN Nigeria, the nation’s largest telecom company, pays over N200 billion in Value Added Tax (VAT) monthly, making it the single biggest contributor to the country’s VAT revenue, according to Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee.

Speaking at Channels Television’s Town Hall on Tax Reforms, Oyedele highlighted significant disparities in the current VAT allocation system, revealing that all VAT paid by MTN is credited solely to Lagos State, where the company’s headquarters is located, despite the fact that services generating this revenue are consumed nationwide.

“MTN is the largest contributor to VAT in Nigeria,” Oyedele stated. “They pay over N200bn every month, and the gap between them and the second-largest contributor is massive. However, all this VAT is currently allocated to Lagos, even as calls are made across states like Kano, the FCT, Ekiti, Edo, and Kebbi.”

As part of the ongoing tax reform efforts, the committee has proposed a new framework to ensure equitable distribution of VAT revenues based on consumption rather than the corporate headquarters’ location.

Under the proposed redistribution model, Lagos State, which now retains the full N200bn from MTN, would see its share reduced to around 20 per cent. The remaining revenue would be distributed more fairly among other states where the services are consumed.

“This adjustment ensures states where VAT is generated get their fair share,” Oyedele explained. “While Lagos State’s share decreases slightly, every other state stands to gain under the new system.”

The tax reform bill, designed to address inefficiencies and promote fairness in Nigeria’s fiscal policies, has sparked debate among stakeholders. Critics have accused the committee of advancing policies that may negatively impact certain regions.

Oyedele, however, dismissed these claims, arguing that the current system is flawed and in need of urgent correction. “If something is being done wrongly, how can Lagos State or anyone oppose reforms aimed at fixing it?” he questioned.

The proposed reforms, which include provisions for revenue redistribution and efficiency improvements, are seen as pivotal to ensuring fairness and sustainability in Nigeria’s tax system.

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