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Niger Delta

MTN Engages Stakeholders On Public Offer In Bayelsa, Benin City

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MTN Nigeria Communications Plc (MTN) has offered to sell 575 million units of its shares to retail investors, saying shares will be available to the public at N169 per unit from 1st December to 14th December 2021.
MTN Nigeria made this disclosure during a stakeholders engagement event, aimed at enlightening and engaging interested retail investors in Yenagoa, Bayelsa State and Edo state capital of Benin City, respectively.
Giving further details of the benefits of the public offer in Yenagoa, the General Manager, Business Development MTN Nigeria, Mr Valentine Izuchukwu, said that sales of the share did not in any way mean that MTN intends to leave Nigeria or is financially bankrupt.
He explained that the MTN Group, which holds 79 percent of the shares of the company, is making this public offer because it has decided to sell parts of its shares to Nigerians, so that they can also be part of the ownership of the company.
He reiterated MTN’s Nigerianisation agenda and commitment to doing business in Nigeria.
“We have done some things to guarantee the future of MTN in Nigeria. We have built the longest kilometers of fibre which guarantees the provision of quality internet service. The company has also decided to build its corporate headquarters in Lagos.
“This means, we have decided to stop renting an office space and build our roots in Nigeria. We have also made a commitment to contribute to road infrastructure in Nigeria. We are partnering with the government to construct road infrastructure and the first road the government has assigned for MTN to construct is the Enugu-Onitsha road. This goes a long way to prove that we are committed to remain in Nigeria and contribute to the success stories of every Nigerian.”
Giving a breakdown of the shares offer, the Senior Manager, Treasury Operations and Support, MTN Nigeria, Tolani Akanbi, said, “The minimum subscription is for 20 shares and lots of 20 shares thereafter. The offer includes an incentive in the form of 1 free share for every 20 shares purchased, subject to a maximum of 250 free shares per investor. The incentive is open to retail investors who buy and hold the shares allotted to them for at least 12 months, post the allotment date.”
She explained that the retail offer will be delivered via a digital platform, using the power of technology to facilitate the maximum possible participation by Nigerian investors.
Also speaking at the ceremony in Edo, Benin City, the Chief Customer Relations Officer, MTN Nigeria, Ugonwa Nwoye, made a passionate appeal to Edo people to take advantage of the opportunity and buy shares in the telecommunication service provider.
She said that initially the shares sold for over N200 per share but was reduced to N169 to allow more Nigerians to buy shares in the largest mobile network operator.
According to Nwoye, MTN Nigeria, as the second biggest company at the Nigerian Stock Exchange (NSE) after Dangote Cement, has never defaulted in paying its shareholders since 2019 when it was listed at the NSE.
In the same vein, the Senior Manager Investor Relations, MTN Nigeria, Chima Nwaokoma, noted that the company in the last 20 years had grown to become the biggest company at the Nigerian Stock Exchange in terms of capitalisation.
Nwaokoma highlighted some benefits of holding shares in MTN, saying, “We pay dividends twice in a year. We pay interim and final dividends. We have consistently paid to our shareholders and have never defaulted. There’s no limit to what you can buy. Edo people should take advantage of the offer and buy our shares.”

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Niger Delta

Bayelsa To Undertake Quick-Win Projects

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Bayelsa State Government is to undertake some quick-win projects across the various constituencies of the State, alongside the ongoing big ticket projects to fast-track development in the state.
The State Deputy Governor, Senator Lawrence Ewhrudjakpo, stated this at a meeting with key stakeholders in Brass Constituencies 1, 2 and 3, in Government House, Yenagoa.
According to a statement by his Senior Special Assistant on Media, Mr Doubara Atasi, the Deputy Governor explained that the essence of the interaction was to assess the areas of their needs to enable government address such challenges.
He said while the Prosperity Administration was handling the construction of key projects such as the three senatorial roads, it has become imperative to also provide immediate interventions in projects that would impact directly on the people across communities.
Senator Ewhrudjakpo, who charged Chairmen of Community Development Committees (CDC) in the constituencies to work closely with other community leaders, charged them to take responsibility of ensuring peace and stability in their domains.

Bayelsa State Deputy Governor, Senator Lawrence Ewhrudjakpo During The Commissioning Of The Federal Secretariat Complex In Yenagoa

Reacting to issues of lack of teachers in schools in the communities, the Deputy Governor called on the CDC chairmen to work with other stakeholders to monitor schools and submit a monthly report to his office and the Ministry of Education about teachers who fail to report at their duty posts.
He stressed that henceforth, teachers posted to community schools who abandon their duty posts would face disciplinary measures.
On ocean surge and erosion affecting most communities, Senator Ewhrudjakpo said the problem was beyond the State Government and would require the collaborative efforts of the Federal Government to tackle the situation.
He also directed that a delegation led by the Commissioner for Health, Dr Pabara Igwele, should visit Ewoama Community within the week to ascertain the status of the health facility there and come up with a report.
Speaker of the State House of Assembly, Rt.Hon. Abraham Ingobere, lauded the State Government’s decision to get first hand information from the people about their challenges, saying it was the first of its kind.
Rt. Hon Ingobere, who acknowledged that the present administration had worked hard particularly in infrastructure development, however, noted that communities needed a fair spread of government projects.
The speaker also identified lack of security, internal roads, town halls, pipe borne water, electricity supply and health centres as major problems bedeviling the people.
In her remarks, Chairman, Bayelsa State Science and Technology Board, Prof. Ayibaemi Spiff, traced the lack of teachers, particularly science-based ones, to the absence of accommodation and incentives.
She, therefore, urged the State Government to make concerted efforts to enhance teachers’ welfare.
In their separate remarks, the various stakeholders, including the political class and CDC chairmen from the three constituencies, lamented absenteeism on the part of teachers and health workers in most of their communities.
Their requests ranged from provision of landing jetties, electricity, construction of link roads, health and school infrastructure, police stations, lodges for teachers and youth corps members to the construction of shoreline protection in Odioma and other coastal communities in the area against ocean encroachment.
Some government officials who made submissions at the meeting included, the Member representing Brass Constituency 1 at the State House of Assembly, Hon Charles Daniel: Commissioner for Mineral Resources, Dr Ebieri Jones: Special Duties (East), Hon. Preye Broderick: and their Lands and Survey counterpart, Hon. Andrew Esau.
Others were the Governor’s Special Representative in Brass LGA, Hon Bemoye Pogonyo: a member, Local Government Service Commission, Hon Uroh Kian: and the Acting Caucus Chairman of the Peoples Democratic Party (PDP) in Brass, His Royal Highness Moses Kenibara.

By: Ariwera Ibibo-Howells,
Yenagoa

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Niger Delta

A’Ibom Govt Hospitals Perform Eight Successful Cardiac Peacemaker Implantation

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The Chief Physician to the Governor of Akwa Ibom State, Udom Emmanuel, has said Government-owned hospitals performed eight successful cardiac peacemaker implantation at the General Hospital in the state.
Ignatius disclosed this during an interaction he had with medical experts at Uruan LGA.
He said three cardiac peacemaker implantation was performed on Thursday, at the General Hospital, Awa in Onna LGA.
“The first peacemaker implantation carried out at the General Hospital Awa, took place on Wednesday till Thursday.
“Akwa Ibom has eight successful cardiac peacemaker implantations in the state since the facilities were procured by Governor Emmanuel’s administration”, Ignatius said.
Ignatius described the feat as unprecedented in the history of general hospitals in Nigeria.
He said Emmanuel’s administration had received more accolades for eight years of sterling interventions in the health sector across the state.
According to him, the party was organised to appreciate the team of medical professionals, which painstakingly contributed to the health sector achievements of the administration.
Ignatius thanked the Governor for training the cardiologists, cardiothoracic surgeons, anesthetist, intersivits, radiologist, radiographers, cardiac unit and theater nurses and the procurement of ultra modern theatre that made the implantation possible.
He also thanked the medical personnel for supporting the administration professionally to register the successes it in the last 8 years.
In his remarks, the cardiothoracic consultant at LUTH, Dr. Ezekiel Ogunleye, who led the surgery team for the pacemaker implant, appreciated Governor Emmanuel and his Chief Physician for the tenacity of making the pacemaker implant a reality in a general hospital in Akwa Ibom.
Ogunleye said they started the pacemaker insertion in 1999 and since then they had not done the implant in any general hospital in Nigeria.
“We started the pacemaker insertion in 1999; we have never done the surgery in any general hospital in Nigeria”, he said.
He stated further that when the idea of the implant was nursed, there were conflicting thoughts on whether the surgery would be successful or not.
Another surgeon, who has also been partaking in the pacemaker surgery, Prof. Eyo Ekpe, a professor of cardiothoracic surgery, commended Gov. Emmanuel for putting the facilities on ground to aid in major surgeries in the state like the pacemaker insertion.
Explaining the procedure, Ekpe said that for the implant to be successful, several machines had to be put in place in a theater.
He mentioned that the C-Arm machine was one of the machines that had to be in a theater for such procedure to be carried out and that the machine was not common even in teaching hospitals in the country.
The Tide’s source reports that cardiac peacemaker is a life saving procedure that helps to control heartbeat.

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Niger Delta

FG Begins Relief Materials Distribution To A’Ibom Flood Victims

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The Federal Government, through the Ministry of Niger Delta Affairs, has flagged off the distribution of presidential palliatives to victims of the 2022 flood in Akwa Ibom State.
Minister of Niger Delta Affairs, Umana Umana, while handing over the relief materials to the National Emergency Management Agency (NEMA) for onward distribution to the victims in Uyo, the state capital, expressed concern that the Niger Delta region was worse hit by the flood because of its topography and location.
Umana, who was represented by a member of the Governing Board of the Niger Delta Development Commission (NDDC) for Akwa Ibom State, Dr Emem Wills, said the relief materials cannot replace the losses associated with the flood, but they would help to alleviate the burden faced by the people.
He said the gesture was not just a physical distribution of the materials, but also the compassion and empathy of the government towards the affected people.
“We are aware that no amount of relief provided by the government can replace the losses as a result of the flood. However, it is our candid belief that the relief items will help alleviate the burden currently faced by our people.
“This gesture is not just a physical distribution of materials, rather it represents the compassion and empathy of the government towards its people”, the Minister said.
He disclosed that the communities highly affected by the flood have already been identified by the NEMA through the Needs Assessment conducted after the flood, adding that the identified communities have been listed to benefit from the relief materials.
Speaking after the handover ceremony, the Director-General of NEMA, Alh. Ahmed Habib, while appreciating the Federal Government for the gesture, assured that the items would be distributed only to those who were truly affected by the 2022 flood.
The DG, who was represented by Demien Egwu, lamented that the Niger Delta has been a collection centre of water-related activities from the North down to the South.
“The Niger Delta is always exposed to flooding and other attendant effects of flooding because it is the collection centre of all water-related activities from the North down to the South and anytime this happens, there is a need for a recovery process.
He thanked the President, Muhammadu Buhari, for his magnanimity and support of the people of the Niger Delta.
“I want to assure the minister that these items will be distributed to those who were truly affected by the 2022 flood. We will do this in conjunction with the Akwa Ibom State Management Agency and other relevant stakeholders”, the DG said.
The materials approved for distribution include mattresses, pillows, blankets, cartons of noodles, bags of rice and beans, grinding machines, cement, roofing sheets, ceiling boards, and others.

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