Business

OPENING REMARKS BY PRESIDENT MUHAMMADU BUHARI AT THE PRESIDENTIAL RETREAT WITH HONOURABLE MINISTERS-DESIGNATE,STATE HOUSE CONFERENCE HALL, NOVEMBER 5, 2015

Published

9 years ago

November 6, 2015

PROTOCOLS
It is with great pleasure that I address you today, my Ministers-designate, at this Retreat in preparation for your swearing–in as the Cabinet that will run this Administration. We must count ourselves privileged to have been chosen among millions of our compatriots at this historic time to be the instruments that will deliver the change we have promised.

Let me congratulate you for your success at the various levels of screening that culminated in your confirmation by the Senate.
I would like to reiterate the point I made at my inauguration about the uniqueness of this moment for our country and for us. Shakespeare’s words ring true for us as they did when he first wrote them centuries ago.

‘There is a tide in the affairs of men
Which taken at the flood leads on to fortune;
Omitted, all the voyage of their life
Is bound in shallows and in miseries.
On such a full sea are we now afloat,
And we must take the current when it serves,
Or lose our ventures.’

The work of restoration and renewal is urgent and immense. The expectations of Nigerians are high. Our determination to succeed and change the fortunes of our country must be equal to the challenge.
I have invited you to join me in this urgent mission for our country. I am convinced that in accepting this invitation you are also equally determined to take part in this patriotic undertaking.
This Retreat, therefore, marks your first official contact with the machinery of Government, of which you will soon be an integral part. It is important that you are fully acquainted with the direction and priorities of this Government so that we can all move together as a team.
6. My election as President of this country was hinged on my promise to tackle corruption, insecurity and revive the economy.
We have already taken deliberate measures to plug leakages of government revenue and resources. You all know the steps we have taken to tackle Boko Haram. We have degraded them and in desperation, they are resorting to attacks on soft targets, killing innocent people. Diversification of the economy away from oil will be a major focus of this government. We will intervene in mining and agriculture and upgrade the country’s physical and social infrastructure, which will broaden our revenue base and significantly improve the level of employment, especially among the youth. Our economic focus will be policies that will ensure inclusive growth and we will count our achievements based on the number of Nigerians we move out of poverty.
8. The objective of this retreat is clearly reflected in the choice of topics which you will be dealing with during the sessions. The need for observing the rule of law is being emphasized to ensure that impunity is removed from government conduct.
You are coming on board the ship of governance at an interesting time. So much has been said about the state of our economy. It is expected that we make the running of Government at all levels as lean as possible, avoid waste and conserve resources. As Ministers, you must be the vehicle that will administer the change.
Our main task is to turn our manifesto promises to practice and results. Over the next two days I expect you to have a better understanding of the context in which we have taken the challenge of serving our country, as well as the strategies we have adopted to tackle them. I would also expect you to be even more determined to work as a team, and to live up to the high standards of probity and integrity which Nigerians expect of us.
Before I close, let me remind you that clear and effective communication at all levels is vital in modern management. You must keep in touch with your fellow ministers and share information, so that the conduct of government will be more efficient. In addition, all communication and appointments from you to the Presidency should be routed through the Office of the Chief of Staff as is normal in this Presidential System.

I wish you useful deliberations.

President Muhammadu Buhari

Business

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

Published

6 hours ago

December 21, 2024

Sahara Weekly

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

Business

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

Published

1 day ago

December 20, 2024

Sahara Weekly

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.

The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.

“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.

The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.

Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.

The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.

This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.

Bank

Polaris Bank Clinches SERAS Award for Excellence in Sustainability and CSR

Published

1 day ago

December 20, 2024

Sahara Weekly

Polaris Bank Clinches SERAS Award for Excellence in Sustainability and CSR

Polaris Bank has once again cemented its position as a leader in corporate social responsibility (CSR) by winning the prestigious Sustainability, Enterprise, and Responsibility Awards (SERAS), Africa’s foremost recognition for impactful community and sustainability initiatives.

The bank was honored at the 18th edition of the SERAS Awards, held at the Oriental Hotel in Lagos, for its unwavering dedication to sustainable development and critical community interventions across Nigeria. The organizers commended Polaris Bank for its consistent efforts to improve lives and foster growth in underserved areas.

The SERAS Awards, often regarded as the gold standard in sustainability and CSR, celebrate organizations that drive innovation and create lasting societal and environmental benefits. Polaris Bank stood out this year for its extensive portfolio of impactful projects, earning the “Best in Rural Population Integration” award.

Some of the bank’s notable initiatives include:

Sponsoring the planting of 2,000 economic trees in communities like Ajingi, Kano State.
Renovating the Ibeju-Lekki Skill Acquisition Centre and donating essential equipment.
Installing boreholes in underserved rural areas to provide clean water access.
Supporting over 15,000 indigent students in public schools with educational resources, including uniforms, sandals, and books.
Providing free breast cancer screenings to 20,000 women over a decade and supporting survivors through retreats.
Establishing hospitals and rehabilitation centers for victims of sexual violence and vocational centers for women.
Donating ICT labs to skill acquisition centers and promoting financial literacy among students.
Organizing medical outreach programs and aiding Internally Displaced Persons (IDPs).
These initiatives have not only improved living conditions but also reduced rural-to-urban migration by making communities more self-reliant and livable.

Rebuilding Community Resilience
Polaris Bank recently demonstrated its commitment to resilience by rebuilding its Sagamu branch, which was destroyed during the cash crunch riots following the Naira redesign policy. The bank fully reconstructed and re-equipped the branch, restoring critical banking services and supporting economic recovery in the community.

Commitment to Sustainability
Speaking on the award, Polaris Bank’s Managing Director, Kayode Lawal, emphasized the institution’s dedication to sustainability. “This recognition underscores our deliberate efforts to drive impactful socio-economic interventions and address the effects of climate change on our environment, economy, and people,” he said.

Lawal reiterated that for Polaris Bank, sustainability is not just a destination but a continuous journey of creating positive change.

Celebrating Africa’s Sustainability Leaders
The SERAS Awards brought together policymakers, business leaders, and global sustainability experts to celebrate organizations shaping Africa’s future through innovative solutions. Attendees used the event to connect with like-minded professionals and reaffirm a shared vision of lasting positive change across the continent.

As a trailblazer in sustainability and CSR, Polaris Bank remains steadfast in its mission to uplift communities, foster economic growth, and champion solutions to pressing societal challenges.