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N’D Dev: Can Impact Assessment Help?

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On the back cover of Dr. Bristol-Alagbariya’s book, Participation in Petroleum Development, I say:

The potential of impact assessment for bringing “equity, prosperity, and tranquility” to the Niger Delta, especially by means of community participation, offers a promising approach to achieving sustainable development in that volatile yet vital part of the world.

Approaches are not arrivals, however. The precondition for this or any other initiative to succeed depends in the first instance on peaceful resolution of the violent confrontation that has afflicted the region and nation with growing intensity over the past five years. Its roots go much deeper, of course, to the disparity and inequity that have marked and marred the region since oil development began in 1956.

The Primacy of Politics

It was here in Abuja, four and a half years ago, in a meeting at the Ministry of Agriculture and Water Resources, that it occurred to me: “Water resources development is one-tenth technical and nine-tenths political.”

I repeated that insight at an International Water Association conference last month in Seoul, Korea, and asked the audience of mainly technical people if that were about the right fraction. No one disagreed.

Earlier this month I repeated it again, this time in Melbourne, Australia, in discussions with one of the largest mining companies in the world, and again there was no disagreement. In fact, I have yet to meet anyone who disagrees with that formulation.

If this is so, then it follows that “to get the water resources right, you have to get the politics right.” What that might mean naturally depends on what is understood as “politics.” Two leading but contending versions are the coercion and consensus views.

The former is represented by Harold W. Lasswell, who defined “politics” as “who get what, where, when, and how.” In fact, identifying winners and losers is a fair description of the methodology of impact assessment. In contrast, David C. McClelland offers a consensual definition of politics, one more congenial to the author’s: politics is “the authoritative allocation of values.”

Whatever definition we adopt, getting the politics right means building the institutional capacity for good governance. The United Nations Development Programme have postulated five principles for achieving this:

The operative terms here all relate closely to the concept of public or popular or people’s participation, the central theme of the book under discussion. Its centrality in the process of social change is embodied in Herbert Simon’s “Participation Hypothesis”:

“ … Significant changes in human behavior can be brought about rapidly only if the persons who are expected to change, participate in deciding what the change shall be and how it shall be made.” (from “Recent Advances in Organization Theory” (1955: p. 206).

Enter Impact Assessment’

We can now assert that the field of Impact assessment represents both an instrument of governance (see Ahmed and Sanchez-Triana 2008) and an opportunity for participation. It is therefore not surprising to find the author with affiliations in both fields. “Impact assessment” can be formally defined as:

. .. a process for anticipating and evaluating the difference between existing and future conditions with and without the intervention of natural events or social actions, intended or unintended.

What it is good for is contained in this vision/mission statement: the goal of impact assessment is to:

… develop local and global capacity to anticipate, plan, and manage the consequences of change so as to enhance the quality of life for all.

The general methodology of impact assessment is comprised in ten steps, referred to here as the “Main Pattern” schema since it appears to represent a general consensus among impact assessment practitioners and aims at methodological completeness. The ten steps comprising an assessment cycle are:

Scoping

Problem Identification

Formulation of Alternatives

Profiling

Projection

Analysis of Alternatives

Evaluation

Mitigation

Monitoring

Management

Specific methods and techniques and data sets and series are associated with analytic operations at each step. Opportunities for participation are likewise present at every step, especially scoping, problem identification, and formulation of alternatives on the front end and evaluation, monitoring, and management on the back.

In short, impact assessment seeks the (fore) knowledge of consequences, anticipating unanticipated consequences by exercising the foresight provision. Along with this goes an ethic of consequences, emphasizing the responsibility of impact assessment practitioners in relation to their knowledge and its application.

Two phrase can be applied in characterising the field of impact assessment: “comprehensive and integrated” in its coverage of impact levels, scales, schedules, and sectors, and “proactive and creative” in its anticipatory research, design, and policy applications. In this it supports futurist Alvin Toffler’s concept of “anticipatory democracy,” putting people in charge of their own desirable futures. In the present context, it is convergent with the author’s view of “environmental democracy.”

We believe that application of the philosophy and methodology of impact assessment can and will serve to facilitate bringing “equity, prosperity, and tranquility” to the Niger Delta region and to the nation and beyond. This book marks an important advance toward that end.

Prof. C. P. Wolf of the Social Impact Assessment Centre, New York and also co-founder and Past President International Association for Impact Assessment (IAIA), Fargo, USA presented this paper at the launching of the book “Participation in Petroleum Development: Towards Sustainable Community Development in the Niger Delta” written by Aseme-Alabo Edard T. Bristol-Alagbariya at Transcorp Hilton, Abuja, recently.

 

Prof. C. P. Wolf

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NEM Insurance celebrates IWD 2026 with pledge to sustain support for women endeavour

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NEM Insurance Plc – the number one motor insurance provider in Nigeria, in a vibrant commemoration of the 2026 International Women’s Day (IWD), has reaffirmed its dedication to fostering an inclusive environment that empowers women to excel in their endeavours.
Speaking at the corporate headquarters in Lagos, the Chairman of NEM Insurance Plc, Tope Smart, stated that the company remains resolute in its mission to support women affairs, noting that their contributions are vital to the sustainability of the insurance industry.
Aligning with the global theme “Give To Gain,” Smart highlighted that the insurance provider views gender diversity not just as a corporate social responsibility, but as a core driver of innovation and high-level performance.
“Our commitment to female professionals at NEM Insurance is unwavering,” Smart declared. “We recognize that by ‘giving’ women the right tools, mentorship, and leadership platforms, the industry ‘gains’ unparalleled dedication and diverse perspectives that move the needle of progress.”
The multiple award winning underwriting company and one of the top three leading general insurance business companies in Nigeria, has remained focused in promoting and supporting women affairs.
Adding her voice to the celebration, the General Manager, Corporate Services, Mrs. Mojisola Teluwo, emphasized that the company’s gender-focused initiatives, such as the “She Means Business” contest, represent a practical approach to inspiring inclusion.
Mrs. Teluwo maintained that supporting women-led initiatives is a strategic investment in the fabric of society, rather than just a philanthropic gesture.
“At NEM Insurance, we believe that when a woman thrives, a family thrives, and the nation prospers,” Mrs. Teluwo stated. “The ‘She Means Business’ initiative is our way of moving beyond mere applause for women toward active, tangible support. We are proud to provide the financial catalyst needed for visionary women to turn their business aspirations into reality.”
To mark the occasion, the leadership outlined several key pillars of support:
Leadership Development: Targeted training programs to prepare more women for executive-level decision-making.
Inclusive Work Culture: Sustaining a workplace environment that balances professional growth with personal well-being.
Economic Catalyst: Providing grants and professional frameworks to help female entrepreneurs upscale their operations.
The event featured a series of internal sessions where female staff engaged in mentorship dialogues, focusing on career advancement within the evolving landscape of the Nigerian insurance sector and paint and Sip, which provided an opportunity for women to showcase their creativity.
Smart concluded by urging other industry stakeholders to prioritize the development of female talent, asserting that a more inclusive sector is a more prosperous one for all Nigerians.
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Nigeria: Profit-Taking Persists as NGX Dips Marginally by 0.2%

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Trading on the Nigerian Exchange (NGX) closed slightly lower on Wednesday as profit-taking in selected equities continued to weigh on the market, dragging key performance indicators into negative territory.
Market data showed that the benchmark All-Share Index (ASI) declined by 0.09 per cent to close at 195,898.53 points, compared with the previous session’s level, as investors booked profits in some large and mid-cap stocks.
Consequently, market capitalisation shed N107.57 billion, settling at N125.75 trillion. Despite the marginal decline, the market still maintained positive returns, with the month-to-date gain standing at 1.6 per cent, while the year-to-date return moderated to 25.89 per cent.
The downturn was largely driven by losses recorded in stocks such as Presco Plc and UAC of Nigeria Plc, both of which declined by 10 per cent, alongside Dangote Cement Plc, which slipped by 0.6 per cent.
Market breadth closed negative, reflecting bearish investor sentiment, as 40 stocks recorded losses compared with 29 gainers, translating to a market breadth ratio of 0.7 times.
Among the top gainers were NGX Group Plc and Premier Paints Plc, which appreciated by 10 per cent and 9.9 per cent respectively. Other notable gainers included Omatek Ventures Plc, Prestige Assurance Plc and HMC Allied Plc.
On the losers’ chart, Presco Plc and UAC of Nigeria Plc led the decline with 10 per cent losses each, followed by Morison Industries Plc, LivingTrust Mortgage Bank Plc and SCOA Nigeria Plc.
Sectoral performance was mixed, with the Industrial Goods index leading the gainers after advancing by 1.42 per cent, while the Banking index recorded a marginal gain of 0.04 per cent.
Conversely, the Commodities sector topped the laggards, declining by 1.30 per cent. The Insurance index fell by 0.44 per cent, the Consumer Goods index dipped by 0.43 per cent, while the Oil and Gas index edged down by 0.06 per cent.
Activity level on the exchange weakened as investors traded a total of 671.27 million shares valued at N26.13 billion in 58,792 deals.
This represents a decline of 8.61 per cent in volume, 5.18 per cent in value and 9.31 per cent in the number of transactions compared with the previous trading session.
Wema Bank Plc emerged as the most actively traded stock by volume and value, accounting for 106.36 million shares worth N2.75 billion.
Analysts said the cautious mood in the market reflects continued portfolio rebalancing by investors following the strong rally recorded earlier in the year.
They noted that trading may remain mixed in the near term as investors react to corporate earnings releases and macroeconomic development.
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Wema Bank Admits 10 Startups into Hackaholics 2026

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Wema Bank has admitted 10 Nigerian startups into the 2026 edition of its Hackaholics Accelerator Programme as part of efforts to strengthen innovation, entrepreneurship, and sustainable business growth in the country.
The 10 cohort selected startups for the 2026 edition such as; Farmslate, Ploy, Stocmed, Feest , Varsityscape, MamaAlert, Sane, Cyclex, Kieva and Loocomo were drawn from the top performing finalists of Hackaholics 6.0.
The Hackaholics Accelerator, a selective growth programme under the bank’s Hackaholics platform, is designed to help promising startups reinforce their business foundations while preparing them for scalable growth and investment readiness.
Wema Bank said the programme represents a strategic expansion of its support for innovators, moving beyond ideation and competition to hands-on startup development after six years of driving innovation through the Hackaholics initiative.
According to Wema bank, the accelerator provides founders with structured mentorship, industry guidance and access to networks required to transform innovative ideas into viable and scalable businesses.
Speaking at the programme, Managing Director and Chief Executive Officer of Wema Bank, Mr. Moruf Oseni, said the accelerator demonstrates the bank’s commitment to supporting founders beyond the early stages of innovation.
He noted that Hackaholics has evolved from a competition into a platform that showcases Nigeria’s entrepreneurial potential and technological creativity. Where he explain that the second edition of the accelerator focuses on helping founders transition from ideation to building sustainable business capable of long trem projects .
“Over the past six years, Hackaholics has grown into more than a competition; it has become a platform that reveals the depth of innovation and entrepreneurial potential that exists across Nigeria,”Oseni said.
Oseni stressed that the startups selected are representing some of the most promising solutions emerging from the Hackaholics ecosystem, and the back remain committed to helping them refine their business models, strengthen their operational foundations, and scale their impact.
Also speaking at the program , Wema Bank’s Chief Transformation Officer,Mr. Babatunde Mumuni, said the accelerator would guide founders through a structured process aimed at strengthening their operations and positioning them for sustainable growth.
As part of the programme, startups founders will participate in intensive training sessions facilitated by industry experts across key areas of business growth. Facilitators include Wema Bank executives such as Chief Transformation Officer, Babatunde Mumuni; Head of Strategy and Investor Relations, Femi Akinfolarin; Head of Data Transformation, Olamide Jolaoso; and Team Lead, Corporate Social Investment, Oluwatoyin Adetunji. While External facilitators include Managing Director of Impact Hub Lagos, Idowu Akinde; Managing Director of B4B Partners, Napa Onwusa; startup advisor and scout, Onaopemipo Dara; Google for Startups mentor, Rosemond Phil-Othihiwa; Head of Growth at Africhange, Tega Ogigirigi; and startup advisor and mentor, Ademola Adewuyi.
The Hackaholics Accelerator is also supported by Wema Bank’s broader innovation ecosystem, including IDEAx Labs, the bank’s innovation and venture platform, and its corporate venture programme focused on enabling startup growth through partnerships, infrastructure and access to capital.
Since its launch in 2019, Hackaholics has grown into one of Nigeria’s leading youth innovation platforms, attracting more than 15,000 applicants and supporting hundreds of digital solutions across multiple sectors.
Through the initiative, Wema Bank said it has disbursed more than $400,000 in funding to young innovators and startup founders nationwide.
Previous participants such as Feegor, Myitura and Bunce have emerged from earlier editions of the programme, highlighting the accelerator’s focus on nurturing growth-ready companies. Meanwhile the 2026 edition builds on this progress by supporting startups as they transition from innovation to sustainable business growth.
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