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Osinbajo, Elumelu, Others To Discuss Corporate Governance At Directors’ Confab
Vice President Yemi Osinbajo alongside several captains of the Nigerian industry have been selected to drive discussions pivotal to entrenching corporate governance principles at the 2021 Annual Directors’ Conference.
The Chairman, National Organising Committee, Annual Directors’ Conference (ADC), Alhaji Lamis Dikko disclosed this at a press conference in Lagos, yesterday.
The conference with the theme:
“Creating the Future: Deepening the Corporate Governance Practice through Multi-Sectoral and Multi-Generational Collaborations” will hold in Abuja from November 23 to November, 24.
According to him, the conference will focus on the significance of engaging new generation directors, young entrepreneurs and the public sector in the quest to deepen the practice of sound corporate governance.
Dikko said that Chairman, Heirs Holding, Mr Tony Elumelu, would deliver a keynote address, while Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, and Minister of Labour and Productivity, Dr Chris Ngige will be guests of honour.
He added that Chairman, BUA Group, Alhaji AbdulSamad Rabiu would be the chairman of the opening ceremony, while Minister of Finance, Mrs Zainab Usman, would be the special guest of honour at the conference dinner.
Dikko said the presence of key stakeholders in the corporate and public policy environment would be pivotal in improving the quality of policy outcomes for the advancement of the nation’s economic development.
“No doubt, the theme resonates with the global demand for inclusiveness, board quality, effectiveness, and accountability to accelerate growth via corporate governance in the private and public sectors.
“The two-day event would be broken into four plenary sessions and there would be a special dinner chaired by Minister, Federal Capital Territory (FCT) Alhaji Muhammed Bello, while the guest speaker is the Governor of Oyo, Engr Seyi Makinde.
“It is also important to mention that the institute has identified the need to engage with the younger generation in its quests for sound business practices.
“Young Nigerian entrepreneurs need the necessary mentorship and guidance to enable them to build and nurture sustainable organisations.
“We do hope that this conference will also address their needs and begin the tutelage they require from experience governance practitioners,” he said.
IoD President, Dr Ije Jidenma, stated that the theme was chosen as a deliberate effort to deepen the awareness and practice of sound corporate governance in an inclusive way.
She noted that the nation had continuously grappled with the challenge of governance both at the private and public sectors of the economy.
According to her, various levels of government are performing below
expectations and corporate failures in various sectors have led to running down of companies and consequent loss of jobs and investments.
“As the voice of corporate governance in Nigeria, the leadership of the institute considers this event imperative in the light of emerging issues in the corporate and business environments of our dear nation.
“It is our hope that through deliberations and discussions at the conference, we would engender public/private sector partnership and also generational engagements on the need to inculcate corporate governance practice at all levels.
“I am optimistic that the presentations and discussions will provide the platform for players in all sectors of the Nigerian economy to deepen their commitments to best corporate governance practices.
“This will in turn have a positive spiral effect across all sectors, as well as crystalize deeper understanding of the role that ethical leadership and sustainability play in the success of the corporate and public sector,” she said.
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Independence Anniversary: Nigeria Is A Failed Grandfather – Monarch
A first class traditional ruler in Rivers State, His Royal Majesty, King Aaron Ikuru, has described Nigeria at 65 as a grandfather who cannot provide leadership to other African Countries.
The monarch stated this in an interview at his palace in Ikuru Town, yesterday.
According to him, Nigeria would have been a developed country to set the pace in the whole of Africa, considering its numerous resources.
“Nigeria is a grandfather but not behaving as a grandfather. Our country, Nigeria, before and from the era of Independence was in the state of becoming a great country, but unfortunately is not becoming anything.
“We should be far ahead with what we have in the country. God blessed us, we have almost what it takes in terms of mineral resources, manpower amongst others that can drive speedy development in the country.
“If we’re able to harness all the things we have, even America by now would have respected us”, he said.
While blaming the past leaders of the country, the monarch called on the current leadership of the country to redouble efforts in order to narrow the differences in terms of development, exchange rate between naira and foreign currencies.
King Ikuru, who is also the Chairman of Andoni Area Traditional Rulers Council, however, lauded the efforts of the founding fathers, past leaders of the country for the achievements so far.
He also expressed optimism that Nigeria would be great, calling on the opinion leaders to shun tribalism and political intolerance in the country.
“If Nigeria should experience rapid development in all sectors, it means we must shun tribalism and political intolerance, the interest of our country must be our priority.
“We need to fight corruption vigorously, and leaders must show good example of discipline and integrity”, he said.
The monarch used the opportunity to wish Nigeria happy independence anniversary.
By: Enoch Epelle
News
FG begins payment of N32,000 pension increment to retirees – PTAD
The Pension Transitional Arrangement Directorate has announced the start of implementation of the new pension increments for pensioners under the Defined Benefit Scheme, saying the adjustments will be reflected in the September 2025 payroll cycle.
In a statement signed by Management and posted on its X handle, PTAD said the increase package includes a fixed N32,000 payment alongside percentage increases of 10.66% and 12.95% for eligible categories, which will benefit about 832,000 pensioners under its management.
Recall that PTAD in August announced President Bola Tinubu approved a series of measures, including new welfare benefits for pensioners under DBS.
The approval follows a formal request by PTAD’s Executive Secretary, Tolulope Odunaiya, seeking an emergency budgetary allocation to implement pension reforms and welfare benefits for the scheme’s retirees.
The measures include a N32,000 pension increment, percentage increases for pensioners of defunct and privatised agencies, pension harmonisation for all DBS pensioners, enrolment into the National Health Insurance Scheme, and the settlement of long-standing unfunded pension liabilities.
In a statement yesterday, PTAD said the partial release of N820.188 billion by the Federal Ministry of Finance from the emergency funding has made it possible for pensioners to begin receiving the enhanced payments immediately.
The statement read, “Further to the President’s approval of the emergency budgetary allocation for the payment of the new pension increment rates for Pensioners under the Defined Benefit Pension Scheme (DBS) that was earlier published by the Pension Transitional Arrangement Directorate on Friday, 8th August, 2025, the Directorate is delighted to announce the commencement of the implementation of the 832,000, 10.66% and 12.95% pension increment for eligible pensioners under the management of PTAD, in the September 2025 pension payroll cycle.
“This achievement has been made possible through the partial release of 820.188 billion by the Federal Ministry of Finance, from the initial 845 billion emergency funding approval granted by the Federal Government.
“This milestone clearly reaffirms the Federal Government’s dedication to safeguarding the welfare and entitlements of DBS Pensioners in line with the Renewed Hope Agenda.”
The directorate thanked President Bola Ahmed Tinubu for approving the emergency allocation.
It also acknowledged the role of the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; the Minister of State for Finance, Dr Doris Uzoka-Anite; the Accountant-General of the Federation and key presidential aides and parliamentary committees for their “timely interventions” and support.
The statement also expressed appreciation to organised pension groups, including the Nigeria Union of Pensioners and the Federal Parastatals and Private Sector Pensioners Association of Nigeria, for their cooperation during negotiations and implementation planning.
“We further assure all our DBS Pensioners and Stakeholders that the Directorate will continue to collaborate with the relevant authorities towards release of the outstanding approved funds and subsequent fulfilment of all future obligations relating to the pension increments and the landmark reforms,” the statement added.
The DBS covers pensioners who retired before the introduction of the Contributory Pension Scheme in 2004, including those from defunct public institutions, privatised agencies, and treasury-funded parastatals.
Over the years, many have faced irregular payments, delayed harmonisation, and inadequate healthcare access, challenges that the new reforms are expected to address.
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Nigeria At 65: NOA urges citizens to foster unity, progress
The National Orientation Agency (NOA) has urged Nigeria. citizens to remain united, peaceful to enhance development of the nation as it celebrates 65th independence anniversary.
Mr Mkpoutom Mkpoutom, Director of NOA in Akwa Ibom, gave the charge in Uyo yesterday while addressing newsmen and stakeholders to mark the anniversary.
Mkpoutom said it was essential to recognise that the strength of Nigeria lay in its diversity
“With over 250 ethnic groups and an array of languages, the nation embodies a unique blend of heritage.
“This diversity should be seen not as a dividing line but as a unifying force that propels the country toward progress.
“As Akwa Ibom embarks on another year, it is crucial for all citizens to foster a sense of unity and shared purpose.
“Embrace dialogue, understanding and collaborate with the Renewed Hope Agenda of President Bola Tinubu in its efforts to addressing pressing challenges like poverty, security, education, and healthcare, thereby paving way for a brighter future for all.”
The state director, however, appealed to Nigerians from all walks of life to renew their commitment to a more prosperous, peaceful, and equitable nation.
“Let this anniversary serve as a reminder of the collective strength that lies in every citizen,” he said.
He urged everyone to contribute positively to the development of a better society.
Mkpoutom urged the people and all citizens to honour the labours of heroes past, as they celebrated the present, while working diligently toward a future filled with hope and opportunities for generations to come.
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