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‘Real reasons People do Plastic sugery’ – US-Based Nigerian Surgeon, Dr. Stanley A. Okoro reveals

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Dr. Stanley A. Okoro is a doubled Board certified plastic surgeon based in Atlanta, Georgia in the United States of America, USA, and a medical doctor of international repute. A native of Orlu, Imo State, he was adjudged the best cosmetic plastic surgeon in the State of Georgia in 2014, beating American doctors and those from other countries in the process.  In this interview with THOMAS IMONIKHE and BISIRIYU OLAOYE, the award-winning Physician shares his practice experience, challenges of the profession and how his fatherland can transform into medical tourism hub in Africa, among other issues. Excerpts:

May we know you?

My name is Dr. Stanley Okoro, I am a double Board certified plastic surgeon in Atlanta Georgia in the United States of America. . I am certified by both the American Board of Plastic Surgery and the American Board of Surgery. I am also a member of the American College of Surgeons and American Society of Plastic Surgeons.
I am a native home grown citizen of Nigeria, I was born and raised in Orlu, Imo state Nigeria, I went to school in Nigeria. Then I went to the USA, when I was aged 16 to pursue further education. While in the USA, I studied my medicine specializing in plastic surgery. While doing that, I served in the U.S. A. Navy up to a Commander. I served for about 12 years. When I finished my service in the Navy, I decided to head back home trying to help my people after so many education and experience, I had all the skills, I felt the need to share my skills and my knowledge with my home people. You know they say charity begins at home. I basically organized the Imo Medical Mission into a formal entity. I ran it as the Executive Director for close to 10 years. We did medical mission twice a year to Imo State which was sponsored by the Imo State government, which provided logistics, transportation, feeding and security for our team. In every medical mission, we had an average of 20 to 30 doctors of different specialties, from general surgery to plastic surgery, orthopedic surgery, cardiac surgery, urology, everything you want, we have. We essentially took over Owerri hospital and treated everybody for free that came to the hospital for treatment and we did this with the local doctors so that they had adequate follow up for those patients. While doing this for so many years, people started asking me for plastic surgery which is the passion that I had in the US and that is what I do. My current practice is 99 per cent cosmetic surgery. So, after that interest I said I might as well open my own office here in Nigeria and in 2011, we incorporated Abuja Plastics and we started full- time plastic surgery service in Nigeria in 2012. The main reason for that is that a lot of Nigerians were travelling overseas for plastic surgery and I was seeing a lot of them, that most of those attending to them didn’t give adequate care for Nigerians, they just cared for their money, there was no adequate follow-up and at times they didn’t get the right treatment most of the time and some of the patients were having complications and I have to take care of those things. So, my goal was to offer the same service that is available elsewhere in the world right here home in Nigeria to prevent them from going overseas. In 2012, we started doing that and in every two months, I started coming to Nigeria.
Why the name Abuja Plastics?
My family lives in Abuja and I wanted to stay in Abuja because I didn’t even have family in Lagos. So, I said well, I need to get close to my family; it will serve two purposes, do surgery, see my family. Most of my patients and phone calls came from Lagos. So, now it is Abuja Plastics at Lagos. We still have a lot of patients from Abuja, they fly in here to see me; we have patients from everywhere, Kano, Port Harcourt so they come.

What do you think would have made or prompted one to go for plastic or reconstructive surgery?


Nigerians are seeking this service because they want to look better and feel better. Some people think that it is not something necessary but  I want to say that studies have shown that when people look good, they feel good and some people argue that cosmetic surgery is a vanity thing and our question is you spend so much money in your hair, on your make-up, on your clothing, all those things are cosmetics but you only have one clothe that you wear which is your body. You can’t change that. So, when you enhance the body, your clothes fit better especially for women, same for your make-up. Now, more men do plastic surgery because of the desire to look good, look young; youth is healthy and desirable, nobody wants to look old; nobody wants to be old. I always have a quote that I always say:  ‘Getting old is inevitable, looking old is optional’. So, that has been my philosophy. Thank God, since 2012, nobody has died under our care, we have minimal complications and most Nigerians are now coming to us because they realize that they don’t have to travel anymore, you don’t have to go overseas, it is actually cheaper for them to do plastic surgery here in Nigeria; they don’t need to travel, pay for hotel fees, air fares, it is actually cheaper and better and they know who the doctor is so that I  can come back and see them instead of doing surgery once and the doctor will never call you back. When I am in Atlanta, I regularly call my patients here in Nigeria for possible follow-up. If you go to Dubai, the doctor will not call you in Nigeria, the India doctor is not going to call you, they will never come to Nigeria to see you but I come to Nigeria to see you. So, this trend continues. We are attracting plastic surgeons of Nigeria origin to come back to Nigeria. We started with brain drain, now we are bringing them back; so, that was my main goal of coming back, of bringing plastic surgery back to Nigeria. By the grace of God, since 2012, we are the number one plastic surgery in Nigeria. We have accomplished one of our first goals so that people can know that these services are available in Nigeria. That is it.
How would you react to perception by many that Nigeria doesn’t have good and experienced medical doctors to treat them which is why they travel abroad in hundreds for treatment?


It is not true. We have the best doctors. If you go to any hospital in the U.S, the best doctors are Nigerians. Why are we best over there and can’t be best here? We have all the resources we need for us to be the best country in the world, we have the best engineers and we have the best lawyers. Now, when Nigerians come to the U.S, they seek for a Nigerian doctor, they look for us over there. I gave a speech at the Association of Nigerian Physicians in America, it is called ANPA. It is the largest association of Nigerian Physicians in the Americas. The speech was how I was able to achieve a goal of coming back to Nigeria to establish a practice in Nigeria. We discussed all my experiences. So, it is a struggle; Nigeria is a very tough country to live; it is not easy; it is tough to live here, but you have to have the passion to want to live here. Once you go through the initial obstacles, you will succeed. No country is a bed of Roses, every country has its own challenges; no place is heaven except for heaven. I haven’t been to heaven, so, I wouldn’t know but Nigeria is a unique country. Once you understand the nature of Nigeria, the place is enjoyable. The speech was well received, a lot of people came and I got a lot of accolades from it. CNN International interviewed me last month about plastic surgery in Nigeria. They came to me because they thought I am number one, they want to know how I am doing it. CNN is interested in plastic surgery in Nigeria because they know that Nigerians are going overseas to get treatment; we are the most populous country in Africa, people notice, we travel; look at how many international flights that come to Murtala Muhammed International Airport Ikeja every day. Who do you think is flying them? Of course Nigerians, almost every hour, they are coming, direct flight to Nigeria, British Airways, Air France, Lufthansa, Delta Airlines started direct flight from Atlanta to Lagos every day, who is flying?

What is the motivation and at what point is plastic surgery or reconstructive surgery desirable?
Plastic surgery is two parts. There is plastic surgery and there is reconstructive surgery.  Reconstructive surgery is when we do surgery to repair some diseases, accident, trauma and cancer. Everybody understands that. We started plastic surgery from reconstructive surgery which is fixing a disease consequence. Now, cosmetic or plastic surgery is when there is nothing is wrong with a patient. Most common one is a woman who is fine, remembers how she looks, she gets married, have children, now her body will change, most men don’t understand this. The body will change. Women remember how they used to look like and the psychology of men and women are totally different and you as a man will not understand it. It took me over 20 years to understand what a woman desires for her; that is my job. So, the women are depressed, every morning they look at their tummy, it has hanging down, they know at a time they were looking fine. They look at who is on television everyday,; the television stations show us very beautiful women everyday without blemishes, the woman wants to look like that, social media, Facebook, WhatsApp, Instagram, everywhere, people say why can’t I look like that and that is the problem. Now, the woman wants to look better. When they look better, they get a better husband. In South America, the parents will pay for their daughters to get breast implant so that they can get better attracted to the men to get married. If you look at two women, one looks fine and the other doesn’t look fine. Which one will you marry? So, don’t you think women know these things? They do. In South America, when you finish high school, a lot of them, their family will pay for them to look attractive; everybody wants their daughter to get married. Secondly, if they look really good at a job place, they get better job. If two women apply for a position, qualified, one looks very well dressed, looks really good for the job and the other one doesn’t, guess who is going to get the job? Of course, the former. Men like women who look good, and that is what attracts them. That is the reason women to do more plastic surgery. But do you know what is happening now? More women are competing for those jobs now than before. So, men are now doing plastic surgery, younger men, older men trying to beat the other to look better so that they can compete for the jobs because of the economic downturn not just in Nigeria but all over the world.  That is what is happening, that is why there is a boom of plastic surgery all over the world and Nigeria doesn’t have anything to offer. So, we are taking our money, this has deep implications, we are taking our dollars that we have, the foreign exchange we have to other countries;  instead of bringing money back, we are taking it out.  It has a lot of economic implications. Now I am getting patients from other African countries, that is my second dream, to make Nigeria the hub of plastic surgery in Africa, we are getting patients from Ghana, Sierra Leone, Cameroon, Senegal and most of West African countries. That is the second phase of our plan where Nigeria will be a hub of plastic surgery. So, instead of flying to Dubai or India, we want them to come to Nigeria. How does this imply now?  You have hotel rooms filled up, people getting jobs, everything, we cannot depend on oil anymore, we need to diversify. Taiwan has done it, India has done it; Dubai has done it and we are still just depending on oil. We need to diversify, everything is important now; everything has to be on the table. Medical tourism, I call it surgical tourism, that is what I can bring, that is what I am doing. If everybody does his/her part, that is what is going to make Nigeria better.
Now that yours has become a success story, what is your advice for your colleagues out there in the Diaspora even though the situation is tough back home?
It is hard here. When I was in College, we called it marginal man in Social Studies. The marginal man is a man, who leaves his country, you go to another country, you don’t really belong in that country, the people know that you are not from there and your original country, you don’t belong there either, because now you don’t even understand the culture anymore because things have changed.  Now, you are a marginal man, you don’t belong anywhere. So, a lot of our people in the Diaspora are marginal people, we are lost. The people you live with know you were not there originally, you have an accent, you look different, even though you’ve been in America for 30 years, a 16 year-old boy, you were there when he was born, will ask you, where do you come from, because of your accent, you are never really accepted. So, you live so far, many years abroad, when you come back home now you are a stranger in your own land. So, there are also some difficulties there, it is sad.
How do you realize your dream of making Nigeria the hub of plastic surgery in Africa?
I have started. If you search for the number one plastic surgery in Nigeria and Africa now, I am number one. It is no longer Dubai except for the paid advertisement. When I started this thing, it was India but go to Google now and you will get Abuja Plastics. When they search for plastic surgery, they will see that it is a Nigerian who is qualified and ethical to do this, I have a full time nurse that works for me now in Lagos. Her name is Chioma, I bring my staff from Atlanta, you met my personal assistant from Atlanta, this is the fifth time to Nigeria, she has been to Nigeria three times this year and now she knows the culture, she knows more of the Nigeria culture than a lot of Nigerians in the Diaspora. I am on schedule, every two months I am here, we brought the technology back home. I remember the first time we asked a patient to pay online, they thought it was a scam, 419 business, we are not going to do business in the old fashion, a man brought money here and we told him we don’t accept cash, we told him we were going to do it modern way- go to the bank, pay, we get alert, we confirm your payment. Will a 419 person ask you to do that? It is a registered business in Nigeria here, we have a corporate account. Now, people have accepted the practice.
You were voted the best plastic surgeon in Atlanta in 2014. How did you achieve this feat?
Your patients vote for you. It is a competition every year. A question is put: who is the best plastic surgeon this year? Other doctors, your colleagues vote. So, I don’t have any control over that but I think because of the care we deliver over there, you know I said Nigerians in the U.S. A have to be better than the average American doctor because they view you as inferior to them.  So, to prove yourself, we over compensate to survive there, we will take examination and you have to be better than them, that one there is no question. When I do surgery, it has to be better than any body’s own before they accept you. Now, I have white patients, black patients, Asian patients and Nigerian patients. I have a well diversified practice, I have about 30 to 40 per cent patients in my practice and they know that I am qualified and better. You cannot be inferior.

What is normally responsible for the post-surgery complications?
I just finished a tummy tuck, which some people died of. A lot of time, people don’t do research, they go to quack doctor who is only interested in getting their money. The whole world is the same; it is just the systems that are different. If you are not qualified for surgery, the doctor will tell you that you are not a candidate for surgery instead of doing surgery on that candidate that will lead to complications. If you are not healthy, you shouldn’t do plastic surgery, some doctors take more than they can handle or a patient doesn’t follow their instruction. There are lots of reasons why you can have complications. A good Board Certified Plastic Surgeon in America knows how to mitigate certain complications. For example, if you are going to have blood clot, he will give you an injection to prevent it. All of my surgeries for tummy tuck, we give the patients to prevent complication and it is a common practice. The complication rate for plastic surgery performed by a Board Certified Plastic Surgeon is less than five per cent.
Do you have an anesthesia in Nigeria?
That is another problem. In life, you get what you pay for. So, I can tell you we have an experienced anesthesia we use since 2012, there has been no death, no complication because we are careful. I do it exactly the way I do in Atlanta, no deviation, no compromise, you don’t compromise. If you are not qualified for surgery, that is it, you can’t have it.
Does any Medical School of Nigeria University runs a department of Plastic Surgery?
None. That is my fourth goal; I have actually started that one. I picked surgeon from Port Harcourt; I am training him right now but there is no cosmetic plastic surgery training in Nigeria.
Why?
There are lots of factors. One, the culture is not supportive of that right now. It is still a taboo in some circles. However, they understand how these things work; the people are driving the demand, the culture is there. So, what people are doing, we say okay fine, we just go outside to do it and we come back ,we are not going to tell anybody, that is what they are doing. Remember I told you most airlines are flying into Nigeria every night to Murtala Muhammed International Airport, Ikeja, Lagos, in and out so while the culture is so restrictive, people are doing it and they are not telling anybody. So, the people are driving the demand; I can tell you the demand is there. I have done the studies. In 2011/2012, we did a study about consecutive phone calls in my practice, we looked at what those patients wanted, and most of them wanted plastic surgery. We carried out our research before we came to Nigeria.
Are you suggesting that government should carry out public enlightenment so that prospective patients should avail themselves of the service locally instead of travelling overseas?
Like I told you earlier, a lot of my female patients don’t say anything, they don’t even tell their husbands until after because their fear of being judged that they are vain, fear of being persecuted in their religious circle. I can tell you that most of my patients don’t feel comfortable letting anybody know about their surgery. I can tell you that a lot of Nigerians are doing this; that is why I am here in Nigeria every two months.

What are you doing to get plastic surgeons trained in Nigeria?


I am already collaborating with the Nigeria Association of Plastic Surgeons. I delivered a speech to them three years ago, I came. The thing is that when you give a speech, people have their own motives because of what they want. I am very successful in Atlanta; I am doing this because I love my country. John F Kennedy, a former President of the US, said do not ask what your country can give you but what you can do for your country. For me now, what is my legacy? One day, I will be gone; we will all be gone some day. What is our legacy when we are gone? That is what should bother us the most. When people mention my name in the future, what will they say I have for my father land? What is my contribution to Nigeria? What will history say and how would that affect other plastic surgeons? How would that affect average Nigerian citizens, who want to go abroad for plastic surgery that can afford it? That is what I am doing. I am doing my part.

What are you doing to get government more involved in your practice?
Government has no major role but our people should change their focus. Government can assist us, it can create policies that will make it easy for us medical professionals in the Diaspora to come back home. They are already doing that. Now, they have made it easy for Nigerian doctors in the Diaspora to come and get licence in Nigeria and that is through networking. Our national convention in the US in Las Vegas the National President of the Nigerian Medical Association was there, the Director for the Medical and Dental Council of Nigeria was there. Last year, the Minister of Health was there, all the major stakeholders were represented.  They are making it easy for us to come back. Government cannot go into business with you because of the inefficiency not only in Nigeria but all over the world. No government is efficient because they will say it is government work. So, they can only create the policies that can make us succeed in what we do. But you know what is holding us back now? Electricity or power is the problem. Our problem is power, if you have power, you will have security; without power, you will not have security; without power, you cannot have good drinking water; without power, you cannot run a good hospital; you cannot run traffic light; power determines everything. The growth of Nigeria and the success of Nigeria depend on power. So, what has plastic surgery gone to do with power? Everything, I can’t bring my machine and other equipment to run here but alternating current from generator and public supply will destroy them.  The circuit will just burn. I can’t bring them here because my investment will just be a waste. How much is government going to pay me for that? So, you see the limitations now, power is everything.

 

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Adron Homes Welcomes New Executive, Emphasizing Commitment to Professional Excellence

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Adron Homes Welcomes New Executive, Emphasizing Commitment to Professional Excellence

In a strategic move to foster growth and elevate the quality of service delivery, the Management of Adron Homes and Properties is thrilled to announce the appointment of exceptional staff members who have exemplified remarkable professionalism and have significantly contributed to the advancement of the Adron brand. We proudly introduce our newly appointed leaders: Adenike Ajobo as Managing Director, Olubunmi Akinfe as Deputy Managing Director, Ihuoma Azuru as Assistant Managing Director of Sales and Marketing (Lagos Nigeria), Barbie Ette as Assistant Managing Director of Sales and Marketing (Northern Nigeria), Odunola Ogundapo as Assistant Managing Director of Sales and Marketing (Western Nigeria), Olasumbo Oguntoye as Assistant Managing Director of Housing Nigeria, and Haastrup as Director General of Customer Service. Together, they will drive our mission forward and ensure continued excellence at Adron Homes.

Aare Adetola Emmanuel King, the Chairman and Group Managing Director of Adron Homes, has issued an important directive to the newly appointed directors of the company. He emphasized the critical need for quality delivery in all aspects of their work. Aare King highlighted that each director must align their actions and decisions with the overarching vision and mission of the organization. He urged them to remain committed to the company’s goals and to foster a culture of excellence, ensuring that their contributions not only meet but exceed the expectations set forth by Adron Homes.

Adenike Abosede Ajobo stands out as a highly regarded authority in the fields of corporate branding, public relations, business repositioning, and organizational strategy. She holds a degree in Linguistics from the prestigious University of Ibadan and has further enhanced her expertise with an Ordinary National Diploma (OND) in Marketing from The Polytechnic of Ibadan.

Her dedication to professional growth is reflected in her memberships with esteemed organizations, including the National Institute of Marketing of Nigeria (MNIMN), the Nigerian Institute of Public Relations (NIPR), and the Nigeria Institute of Personality Development and Customer Relationship Management (NIPD-CRM-dsgnt). These affiliations illustrate her unwavering commitment to continuous learning and excellence within her industry.

Adenike’s professional journey with Adron Homes commenced in January 2024 when she took on the role of Group Company Secretary. Her exceptional leadership skills and strategic vision quickly propelled her up the ranks, and she soon became the Deputy Managing Director of Southern Nigeria. Her impressive performance has now garnered her a well-deserved promotion to the position of Managing Director at Adron Homes, where she is set to steer the company toward a promising future, leveraging her insights and experience to craft innovative strategies for growth and development.

 

Akinfe Olubunmi Omolara is an esteemed leader and achiever, recognized for her dedication to maximizing her potential in every role she undertakes. She is a graduate of Obafemi Awolowo University, lle-Ife, Osun State, with a Bachelor of Science degree in Microbiology. Her career journey at Adron Homes and Properties, reflects her remarkable growth and commitment to excellence. She has progressed through a range of pivotal roles, from Deputy Group Sales Manager, District Sales Manager, and Deputy District Sales Manager to Deputy Group Customer Relations Officer, Regional Chief Operating Officer, and Chief Operating Officer. Her leadership and strategic acumen continued to shine through her promotions as the Director of Sales and Marketer and later promoted as the Director General of Sales and Marketing. She has now been promoted to the position of Deputy Managing Director , where she will drive growth and operational efficiency for Adron Homes.

Ihuoma Udodirim Azuru’s journey is a testament to exceptional leadership and dedication. Her academic prowess shines through with a B.Sc in Accounting, M.Sc in Business Management, MBA in Human Resources and currently studying Law at the Leadership City University, underscoring her commitment to ongoing personal and professional development. Her career with the company began as Group Head Admin and HR, where she showcased her adaptive leadership style. Subsequently, she transitioned to the role of Director of Sales and Marketing (Southwest). Moreover, she was promoted to the prestigious role of Director General for Sales and Marketing at Adron Homes. Her exceptional leadership, dedication, and strategic vision within the organization leads to her appointment as the Assistant Managing Director Lagos Nigeria.

Odunola Ogundapo is a highly regarded sales and marketing professional, celebrated for her steadfast dedication and strategic insight, which have contributed to her impressive track record of success in the industry. She holds a Bachelor of Science degree in Geology from Olabisi Onabanjo University, where she developed a strong foundational knowledge of earth sciences. Further enhancing her expertise, she earned a Master’s degree in Sedimentary and Petroleum Geology from the prestigious University of Lagos, a program renowned for its rigorous approach and focus on the energy sector. This combination of academic credentials allows Odunola to meld deep scientific understanding with strategic business acumen, enabling her to deliver exceptional results in her professional endeavors.

Odunola embarked on her career in 2017 at Adron Homes and Properties Ltd, starting as a Business Executive. In this role, she quickly demonstrated her innate talents and passion for sales and marketing, employing a goal-driven approach that not only set her apart but also paved the way for her rapid advancement within the company. Her commitment to excellence and her ability to forge strong relationships with clients and stakeholders led to her recognition as a rising star in the organization.

Currently serving as the Assistant Managing Director, Odunola plays a pivotal role in shaping and executing innovative strategies aimed at driving growth and enhancing the company’s market position. Her forward-thinking mindset and comprehensive understanding of market dynamics allow her to identify and seize new opportunities effectively. Under her leadership, the team is not only motivated but also encouraged to think creatively and push boundaries, resulting in increased productivity and morale.

Odunola’s leadership style is characterized by a unique blend of optimism and resilience, which fosters a collaborative and inclusive work environment. She prioritizes the development of her team members, nurturing their potential and empowering them to become future leaders in the organization. This commitment to mentorship and professional growth among her staff has created a culture of excellence that thrives on teamwork and innovation, ensuring that everyone is aligned with the company’s vision and goals. Through her unwavering dedication to her work and her ability to inspire those around her, Odunola Ogundapo continues to make a significant impact in the sales and marketing realm.

Aminat Olaniyan Haastrup is an inspirational customer service specialist, deeply committed to creating exceptional service experiences. With a strong educational background in Estate Management and Customer Experience, she earned her degree from Yaba College of Technology. An Associate Member of The Association of Business Practitioners (ABP) in the UK and a fellow of the Chartered Institute of Customer Relationship Management, Aminat’s journey began as the Director of Customer Services. Renowned for her dedication to customer-centric strategies, she passionately pursues unparalleled service excellence. Through transformative initiatives across the company’s customer relations landscape, Aminat has inspired those around her and achieved her new role as the Director General of Customer Service.

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Zacch Adedeji: And The Revenue Keeps Increasing By Rabiu Usman By Rabiu Usman

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Zacch Adedeji: And The Revenue Keeps Increasing By Rabiu Usman By Rabiu Usman

Zacch Adedeji: And The Revenue Keeps Increasing By Rabiu Usman

By Rabiu Usman

 

It was President Bola Tinubu that declared that in the first half of this year, the revenue of Nigeria soared to over N9.1 trillion, compared to the first half of 2023.

Zacch Adedeji: And The Revenue Keeps Increasing By Rabiu Usman

By Rabiu Usman

For instance, N5.2 Trillion accrued into the Federation Account for the period January to June 2023, while a total of N7.3 Trillion accrued into the account for the period July to December, 2023.

However, for June this year, accruals into the Federation Account rose to N2.483 trillion in June 2024. It was N2.324.792 trillion in May, meaning for the two months of May and June this year alone, about N4.8 trillion accrued into the Federation Account while N5.2 trillion accrued into the account for the first six months of last year.

The President attributed the revenue increase to the government’s efforts in blocking leakages, introducing automation, and mobilizing funding creatively, all without placing an additional burden on the people.

A few days after the President spoke glowingly of the considerable increase in the revenue of the country, a process being powered by the Federal Inland Revenue Service (FIRS), under the Chairmanship of Dr Zacch Adedeji, the Nigeria’s Zaccheus the Tax Collector, the World Bank also confirmed the progress being made in the area of revenue generation.

The World Bank projected that following the recent increase in government revenue, Nigeria’s revenue-to-GDP ratio could rise to over 10.5 percent by the end of 2024.

Ndiamé Diop, World Bank country director for Nigeria shared the forecast during an interactive session on ‘Fiscal Reforms for a More Secure Future’ at the 30th Nigerian Economic Summit, held in Abuja last month.

Also, according to data released in September by the National Bureau of Statistics (NBS), Nigeria’s Value Added Tax (VAT) revenue increased by 99.82% year-over-year in the second quarter of 2024.
During this period, total VAT revenue reached N1.56 trillion, a 9.11% increase compared to the previous quarter.

 

The NBS report highlighted that the revenue growth was driven primarily by local payments, which brought in about $484 million, while foreign payments contributed $242 million. VAT on imports generated $228 million.

However, despite the level of progress already made, the FIRS under Dr Zacch Adedeji is not done yet.

Various innovations are daily being introduced to ensure seamless payment of taxes by Nigerians.

Last week, the Taxpayer Services Department of the FIRS launched the new USSD code *829#, aimed at revolutionizing taxpayer engagement and access to essential tax services.

According to the FIRS, the initiative was aimed at “simplifying tax processes and providing a seamless, efficient service experience.”

With the *829# USSD code, taxpayers can now effortlessly access a range of services, including TIN retrieval, Tax Clearance Certificate (TCC) verification, and general inquiries all from the convenience of their mobile phones and with no need for internet access.

Also, Zacch Adedeji is everywhere, explaining the four tax bills currently before the National Assembly, assuring that it will not reduce the funding or operational efficiency of government agencies.
Last week Wednesday, Adedeji addressed the heads of the National Agency for Science and Engineering Infrastructure (NASENI), the National Information Technology Development Agency (NITDA), and the Tertiary Education Trust Fund (TETFUND) at the Revenue House in Abuja. He allayed concerns surrounding the proposal to rename the FIRS as the Nigeria Revenue Service (NRS), clarifying that the change is intended to streamline and improve agency efficiency.

He said the main goal was to align government revenue practices with current fiscal demands to ensure all agencies are well-funded and effective.

Adedeji further highlighted that the proposed legislation would enable government agencies to concentrate on their core responsibilities without the added task of revenue collection.

“The bills, once enacted, will allow agencies to focus on their primary functions instead of managing tax collection duties,” he explained.

Adedeji, who appears to have taken up the job of an Explainer concerning the new tax bills, further pointed out that the bills were the aftermath of President Tinubu’s administration recognition of the need for a unified tax code to reduce complexity and stimulate economic growth.

Perhaps, by the time this is being read, Dr Zacch Adedeji, will be standing before another audience to explain the ideas behind the new tax bills and their capability to further sore up the revenue base of the country, because for him, the revenue must keep increasing.

Usman, a public affairs commentator lives in Abuja.

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Wema Bank Announces Grand Finale of Hackaholics 5.0: Set to Reward Winners With ₦75 Million Worth of Prizes

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*Wema Bank Announces Grand Finale of Hackaholics 5.0: Set to Reward Winners With ₦75 Million Worth of Prizes

 

 

Wema Bank, Nigeria’s foremost innovative financial institution and pioneer of Africa’s first fully digital bank, ALAT, has announced the grand finale of the 5th edition of its flagship youth and startup-focused tech competition, Hackaholics.

Launched in 2019, Wema Hackaholics is a groundbreaking initiative designed to harness the creativity and entrepreneurial spirit of Nigeria’s youth, providing them with a platform to turn their tech-driven ideas into reality. The highly anticipated Hackaholics 5.0 grand finale will take place on November 27th, 2024, under the theme, “Meta Idea: Capitalizing Africa’s Growth Through Innovation.” This year’s theme aims to showcase how tech-driven solutions can fuel Africa’s development by tapping into the continent’s growth potential through innovation and digital transformation.

The grand finale will bring together the brightest innovators from universities and tech communities across the country. These innovators will pitch their Digi-Tech solutions designed to solve real-world problems and contribute to Africa’s economic and social progress. The event promises to be the culmination of months of intensive competition, collaboration, and mentorship, providing a platform for youth-led tech ideas to reach new heights.

Announcing the date of the grand finale, Moruf Oseni, MD/CEO of Wema Bank, highlighted the bank’s vision for Hackaholics. “Hackaholics is more than a competition; it is a movement to equip Nigeria’s youth with the skills, networks, and resources needed to drive Africa’s digital transformation. The Meta Idea theme for this year is a call to action for young innovators to think beyond the present and design solutions that will capitalize on Africa’s growth. We are excited to see how our participants envision and build the Africa of tomorrow.”

Speaking on the prizes, the MD/CEO said “At the grand finale, participants will compete for exciting cash prizes, grants, and access to Wema Bank’s extensive network of investors, mentors, and industry experts. The total worth of prizes for this year is ₦75,000,000. The winning team will receive ₦30,000,000, the first runner-up will receive ₦20,000,000 and the second runner-up will receive ₦15,000,000 worth of prizes. Additionally, we will be awarding a special grant of ₦10,000,000 worth of prizes to the female-led team to encourage gender diversity in tech innovation.” He concluded.

Wema Bank’s Hackaholics is a testament to the Bank’s commitment to shaping Africa’s future through innovation and entrepreneurship. Hackaholics 5.0 began with a nationwide call for entries earlier in the year and has engaged over 10,000 aspiring tech innovators and entrepreneurs across Nigeria. With 2,297 applications across 8 physical pitch centers and 1 virtual pitch center, 34 innovators across all locations are set to pitch their ideas at the pre-pitch stage ahead of the grand finale scheduled to hold in Lagos.

Through Hackaholics, Wema Bank has provided a platform for youth to channel their creativity and entrepreneurial spirit into actionable tech solutions that address Africa’s most pressing challenges. Over the years, Hackaholics has grown into one of the largest and most influential tech competitions in Nigeria, impacting thousands of young minds.

The competition not only offers winners cash prizes and grants, but also access to mentorship, industry networks, and resources to help scale their innovations globally. This initiative is a key part of Wema Bank’s broader strategy to harness technology as a driver of socio-economic growth in Africa.
Interested individuals can register to attend the grand finale via https://hackaholics.wemabank.com/grandfinale

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