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RSNC GM Tasks Institute On Risk Management …As BodyHonours Two Media Managers

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The General Manager, Rivers State Newspaper Corporation, Mr. Vincent Ake, has urged the Chartered Institute of Loans and Risk Management of Nigeria (CILRM) to undertake an advocacy aimed at sensitising captains of industry, operators of organised private and public sectors on the need to adopt risk management practice in their business activities.
The General Manager gave the charge in his goodwill message last Friday in Port Harcourt, during the conferment of Honorary Fellow of Chartered Institute of Loans and Risk Management of Nigeria on him by the President of the institute.
He observed that most corporate bodies do not incorporate risk management in their organisational structure, but stated that by enlightenment and advocacy, organisations would see the need to adopt risk management practice, stressing that the areas covered by loans and risk management are enormous and required constant improvement through training and retraining.
Ake lauded the institute for its core values on discipline, professionalism, integrity, transparency, fairness, accountability, responsibility and best practice which he said were part of the universal code.
Earlier, the CILRMN’s President/Chairman of Governing Council, Dr, (Mrs) Harriet Nkechi Akubuiro, while performing the conferment ceremony during the 2019 membership induction/conferment of fellows and patrons ceremony in Port Harcourt, said the choice of the Rivers State Newspaper Corporation’s General Manager, Mr. Vincent Ake and the Garden City Radio’s General Manager, Mr Dagogo Ezekiel-Hart was hinged on their enormous contributions to mass re-orientation of the society and setting agenda for the development of the people and the state in general.
She said the conferment of the honorary fellow on the respective general managers was geared towards recognising the efforts put in by the honorary fellows and as a mark of encouragement for their good works in shaping the psyche of the people towards meaningful engagements that would foster love, unity, progress and general wellbeing of the citizens.
The president urged them to redouble their efforts in the service of humanity, as she congratulated them on their conferment.
The institute inducted people from various professions into different categories of membership, ranging from honorary fellows, fellow members, senior member, full members, associate members and graduate members, among whom was the Director of Finance and Accounts, Rivers State Newspaper Corporation, Mr. Barnabas Job who was conferred fellow of member of the institute.
In his goodwill message, Garden City Radio’s General Manager, Mr Dagogo Ezekiel-Hart, expressed his gratitude for the award and promised to live up to the expectation of the ethics of the institute.
A transporter, Mr Ngwaji Donkwa who is a road transport employer, told The Tide that the ban on illegal parks was a welcome development as the operators had turned to constitute public nuisance on the road without regard to other road users, adding that any act of non compliance by the operators should be view as economic sabotage to the state. Because transportation of goods and services stands to be the backbone of any economy, he noted.
On the side of the drivers, a member of Drivers Welfare Association, Nnankwo Ben, said the enforcement may not achieve 100 per cent compliance, because pushing the thousands of vehicles on the road to the limited spaces in the respective parks at mile 3 and Rumuokoro may not be possible as the space available can not accommodate those numbers.

 

 

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Transport

Nigeria Rates 7th For Visa Application To France —–Schengen Visa

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Nigeria was the 7th country in 2024, which filed the most schenghen visa to France, with a total of 111,201 of schenghen visa applications made in 2025, out of which 55,833, about 50.2 percent submitted to France
Although 2025 data is unavailable, these figures from Schengen Visa Info implies that France is not merely a preferred destination, but has been a dominant access point for Nigerian short-stay travel into Europe.
France itself has received more than three million Schengen visa applications, making it the most sought-after Schengen destination globally and a leading gateway for long-haul and third-country travellers. It was the top destination for applicants from 51 countries that same year, including many without visa-exemption arrangements with the Schengen Zone, and the sole destination for applicants from seven countries.
Alison Reed, a senior analyst at the European Migration Observatory said, “France’s administrative reach shapes applicant strategy, but it also concentrates risk. If processing times lengthen or documentation standards tighten in Paris, the effects ripple quickly back to capitals such as Abuja.”
The figures underline that this pattern is not unique to Nigeria. In neighbouring West and Central African states such as Gabon, Benin, Togo and Madagascar, more than 90 per cent of Schengen visas were sought via French authorities in 2024, with Chad, Djibouti, the Central African Republic and Comoros submitting applications exclusively to France.
“France acts as the central enumeration point for many African and Asian applicants,” said Manish Khandelwal, founder of Travelobiz.com, which reported the consolidated statistics. “Historical ties, language networks and established diaspora communities all play into that concentration. But volume inevitably invites scrutiny, and that affects refusal rates and processing rigour.”
That scrutiny is visible in the rejection statistics. Of the more than three million French applications in 2024, approximately 481,139 were denied, a rejection rate of about 15.7 per cent. While this rate is lower than in some smaller Schengen states, the sheer volume of applications means France contributes significantly to the total number of refusals within the zone.
For Nigerian applicants and policymakers, one implication is the need to broaden engagement with other Schengen consular hubs. “Over-reliance on a single consulate creates what one might call administrative bottleneck effects,” said Jean-Luc Martin, a professor and expert in European integration and mobility law at Leiden University. “If applicants from Nigeria default to France without exploring legitimate alternatives in countries like Spain, Germany or the Netherlands, they expose themselves to systemic risk
Martin added that the broader context of Schengen visa policy is evolving, with the European Commission’s preparing roll-out of the European Travel Information and Authorisation System (ETIAS) aimed at harmonising pre-travel screening across member states.
For Nigerians seeking leisure, business or educational travel to Europe, these trends suggest that strategic planning and consular diversification could become as important as the completeness of documentation and financial proof. Governments and travel consultancies in Abuja, Lagos and beyond are already advising clients to explore alternative consular pathways and to prepare for more rigorous screening criteria across all Schengen states
By: Enoch Epelle
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Transport

West Zone Aviation: Adibade Olaleye Sets For NANTA President

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Prince Abiodun Ajibade Olaleye, a former Welfare Officer and Public Relations Officer of the National Association of Nigeria Travel Agencies (NANTA), has formally declared his intention to contest for the position of Vice President of NANTA Western Zone, ahead of the zonal elections scheduled for Thursday, February 26, 2026.
In a New Year message to members of the association, Olaleye expressed optimism about the prospects of the travel and tourism industry in 2026, despite the economic headwinds and migration policy challenges that affected operations in the previous year.
He acknowledged that reduced patronage and declining trade volumes had placed significant financial pressure on many travel agencies, but urged members to remain resilient and forward-looking.
According to him, the challenges confronting the industry should be seen as opportunities for growth, innovation and institutional strengthening.
He stressed the need for unity and collective action among members of the association, noting that collaboration remains critical to navigating the evolving global travel environment.
Unveiling his vision for the NANTA Western Zone, Olaleye said his aspiration is to consolidate on the achievements of past leaders while expanding the zone’s relevance, influence and impact “beyond imagination.” He promised a leadership focused on commanding excellence, improved member welfare and stronger stakeholder engagement.
Drawing from his experience in previous executive roles within NANTA, the vice-presidential aspirant said he is well-positioned to make meaningful contributions to the association, particularly in areas of member support, public engagement and institutional growth.
“I believe that together, we can take our association to greater heights and build a stronger, more prosperous NANTA Western Zone that benefits all members,” he said, while appealing to delegates for their support and votes.
Olaleye concluded by offering prayers for good health, peace and prosperity for members in 2026, expressing confidence that the new year would usher in renewed opportunities for the travel industry and the association at large.
By: Enoch Epelle
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Business

Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE

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The Centre for the Promotion of Private Enterprise (CPPE) has warned that renewed calls for a sugar tax on non-alcoholic beverages could hurt Nigeria’s manufacturing sector, threaten jobs and slow the country’s fragile economic recovery.

In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.

Yusuf who insisted that the food and beverage sector remains the backbone of Nigeria’s manufacturing industry, said the industry supports millions of livelihoods across farming, processing, packaging, logistics, wholesale and retail trade, and hospitality.
He remarked that any policy that weakens this ecosystem could have far-reaching consequences, including job losses, lower household incomes and reduced investment.
Yusuf argued that proposals for sugar taxation in Nigeria are often influenced by global policy templates that do not adequately reflect local conditions.

According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.

“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.

“Existing obligations include company income tax, value-added tax, excise duties, levies on profits and imports, and multiple state and local government charges. These are compounded by high energy costs, exchange-rate volatility, elevated interest rates and expensive logistics,” he said.

The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.

Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.

By: Lady Godknows Ogbulu
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