Fred Nwaozor On Unfinished Task

Making Sound New Year Resolutions Amid Challenges

By Fred Nwaozor

The last time I checked, the long awaited 2022 had eventually arrived to people’s utmost amazement. Hence, it’s not anymore news that the year in question is already here with us. Just like an odyssey, the beginning of every year is invariably accompanied with influx of fresh dreams, anticipations, plans, or what have you, and 2022 isn’t exceptional.

It’s imperative to acknowledge that towards actualization of these wishes, the bearer is expected to inculcate reasonable resolutions into his or her life to enable him or her stick to the rules as the journey progresses. The resolution would serve as a viable guide as you pursue the dream vigorously. One thing we must take into cognizance is that two major factors – altitude and attitude – determine the realization of any plan at all times. The former, which literally means the distance you are meant to cover during the journey, cannot be actualized if proper planning is taken for granted; secondly, you must follow the apt route for you to get to the anticipated destination. The latter, which signifies the lifestyle or policies of the plan bearer, is needed to enable him do the right thing while relating with his fellow humans whilst the odyssey is on.

One’s attitude indeed speaks volumes when pursuing anything whatsoever. Your attitude or character would make your partners – benefactors, colleagues, or associates, as the case may be – give you the required support or attention when need be. It would equally put you in a form that would enable you apply the overall needed strategies adequately. For instance, if you are used to drinking indiscriminately, such attitude could ruin your plans, because it can make you not to concentrate, or do the right thing, as well as make your intending partners detest your person, thus wouldn’t like to work or cooperate with you. A bad attitude would make the journey crash along the line owing to your inability to relate well with your fellow travellers. A bad attitude is simply like a flat tyre; it can never go anywhere until you change it irrespective of the circumstance. In view of this, a sound resolution serves as a recipe to a viable plan or concept. Having initiated a plan in accordance with your dreams or wishes, courtesy demands that you draw good resolutions that would help to reshape your attitudes. The proposed resolutions must be in respect of your flaws, and not that of your relatives or friends. Hence, you must design a resolution that would suit your person. Don’t make resolutions in line with what others are making. It ought to be done to address your shortcomings, and not that of others.

Since a dream or wish is expected to beget a plan, it’s needless to state that a dream without adequate resolutions is seemingly meaningless or would remain futile. So, as every year often unveils a distinct dream, it is worthy of note that the dream might suffer a severe setback in the process if its bearer fails to summon good resolutions prior to implementing the strategies begotten by the plan. In other words, without a resolution, a dream is virtually useless, and vice-versa. It suffices to say that dream and resolution are interwoven. But it takes only a sound resolution for a dream to excel as expected. Though making a resolution is very crucial, it’s noteworthy that sustaining it is a different issue entirely. Several factors – including influence, environment and idleness – serve as a deterrent toward the sustenance of any resolution. The company you keep can jeopardize your chances of maintaining your resolution due to influence. So, as you make a resolution, you ought to endeavour to delete some names from your friendship list.

In the same vein, in his words, the great philosopher, Karl Marx stated that ‘Environment determines the action of the mind’. I strongly concur with this ancient assertion. Where you live or the place you found yourself at a given time plays a key role in keeping a resolution. Among all, idleness on its part can also contribute negatively to the sustenance of a certain set of resolutions. The saying that ‘An idle mind is the devil’s workshop’ is enough reason to worry. A well conceived concept can be bedevilled by idleness. It’s noteworthy that all forms of challenges can pose threat to any kind of resolution irrespective of the level of determination of the bearer. This implies a certain challenge can constitute nuisance in the long run, thus can destruct the wholesomeness of the journey in question. In some cases, such a circumstance makes it so difficult for one to make a resolution let alone sustain it.

Making resolutions amid challenges might seem very tough but there’s need to comprehend that such a challenge can be subdued if the needful is done. In a situation of this kind, one who truly intends to make as well as keep a resolution is required to be resolute and resilient at all cost. You must stick strongly and passionately to your dreams and resolutions regardless of the nature of the challenges, and always endeavour to return to the original plan having suffered a setback. Let the anticipated destination remain your driving force as long as the journey lasts.

Inter alia, you are required to be deeply prayerful and faithful. You must build your spiritual life to the core and never depart from your faith. Prayer is as powerful as faith, but always note that the latter is arguably more powerful. However, it’s worth noting that a certain challenge might be to your advantage. Those whom their flaw has been about indulgence in excesses or debauchery ought to see a challenge such as financial incapacitation as a blessing in disguise. The aforementioned condition would enable such persons to go only for their needs, not wants; hence, should be seen as a welcome development. Even if the circumstance later became a thing of the past, the truth or good news is that it had succeeded in making you discover your frivolous lifestyles, thereby addressing them. Hence, you are urged to make a sound resolution today, and work towards sustaining it by sticking to the specified rules. You alone is bound to determine how your dream can materialize into reality, so do not wait for someone to do the thinking on your behalf. I can’t wait to celebrate with you towards the end of 2022 when you would be informing us on the various resolutions you were able to keep throughout the odyssey. So, never be carried away by frivolities, as you are enjoined to focus on priorities at all cost. Think about it!

Christmas Commemoration And The Expectations Ahead

Fred Nwaozor

Many of us have taken to wearing visors and other similar devices to protect our eyes and visages from the possible effects of harmattan. Taking Nigeria as a case study, many would testify that the ongoing climatic phase causes virulent feelings, and may as well lead to various virulent diseases, whilst some would definitely testify that it is a welcome scene, therefore ought to continue for eternity. Honestly, these and more similar phenomena observe amongst mankind is not man-made but wholly natural.

Let’s put it this way; if brandy is good in bringing the real man or woman in you as a person at any given time, and that fellow that appears to be intimate to you believes in the work of whisky in respect of similar purpose; then conclusively, it signifies you both are of different nature, or possess distinct idiosyncrasies. Thus significantly, no matter the level of intimacy in any relationship or affair, be it symbiotic or parasitic, the exact nature of the two or more parties involved can never be compromised or interchanged. In geography, we were taught that about seventy percent (70%) of the earth crust is covered with water, while about thirty percent (30%) is engulfed by land. There’s a big problem or error attached to this geographic estimation coupled with approximation. The astronomers who carried out the research and rounded off with such conclusion were so myopic to understand the fact that, even the part of the earth crust covered with water is equally made up of land. It’s not a paradox. It’s a fact, and it is natural.

Of course the bedrock of any sea, ocean, river, pond, lake, et cetera, is land. In agriculture, we call it the soil. It suffices to say that every part of the earth crust is covered with the soil (land). But this is not my optimum interest in this piece. My concern is; despite the level of intimacy between the land and the natural water, they still don’t mix together. This simply signifies each of the compounds or substances in question is made of a certain distinct nature. This is a fact. Each of the paragraphs above has proven to us that nature is indeed very powerful. Nature could be regarded as all the animals, plants and other things in the world that are not made by man; and all the events, features and processes that are not caused by mankind. In a nut shell, nature is anything that is not man-made. In other words, it’s older than the world. Yes, nature has been in existence before the world was created. This is the reason most times anything caused by it seems to be mysterious; that is, beyond man’s imagination, creativity or creative ingenuity. Therefore, nature controls; it rules; inter alia, it finalizes.

Let’s I digress; this piece is solely focused on Christmas otherwise known as Xmas. We’re discussing its annual commemoration. First and foremost, what is Christmas celebration or commemoration? It’s simply a religious festival or ritual being observed on every 25th December by the Christendom to mark the birth of Christ. Then, who is Christ? Christ is one of the names of Jesus whom Christians believe to be the only begotten son of God and whose teachings are the basis of Christianity. According to the Christian writ, the Creator sent Him to sanctify the sinful world and He wholeheartedly obliged.

He came, saw, taught, healed and delivered the world. Most importantly, He died for our sins to be forgiven. It’s needless to assert that He eventually conquered during His sojourn on earth. As a devoted Christian, Catholic to be precise, I understand that Christ was not really born on the 25th of December, but such date was selected by the ancient Christendom in order to mark the day such generous being came into the world since the actual date of His birth was not recorded by the scribes or historians of His time. They considered it consequential for such date to be monumental or be remembered by mankind, because the day in question marked the beginning of mankind’s sanctification, deliverance as well as total emancipation, which remains the most vital Christian tool in existence. Truly, Christ came or was born, saw and conquered. Above all, He accomplished His mission, because mankind was freed from bondage by His death. After the death of Christ, He resurrected. Before His death, He resurrected many souls; this remains the most mysterious act performed by Him.

Hence, resurrection is nature. If truly we believe that such vital tool is nature, in other words, Christ is nature. He’s beyond man’s imagination. Starting from His birth down to His death, everything about Him was mysterious. So, as we commemorate this season of holy birth and love, let’s endeavour to recall the spiritual essence of its existence towards doing the needful as long as it lasts. Therefore, I enjoin us to use the period to have a rethink in our respective endeavours with a view to making our immediate societies a better place for the residents or occupants. There is really a tremendous reason for this season. Such a moment set aside to mark the day Christ was born ought to not in any way be compromised, because it’s the birthday of our Messiah. This signifies that Christmas remains a worthwhile Christian virtue, which is arguably ‘the best of its kind’. Think about it!

Godfatherism And Finacing In Politics

by Fred Nwaozor

As Nigerians as a people are ostensibly determined to nurture their nascent democratic terrain, it’s expected of them to keenly and extensively look inwards toward discovering the encumbrances surrounding the said process with a candid view to holistically addressing them. It isn’t anymore news that every electioneering era across the global community, particularly on the African continent, invariably begets a set of peculiar stories that ordinarily aren’t meant to be harboured in the nature’s womb let alone seeing the light of the day.

If your thought is as good as mine, then you would agree with me that as regards financing, the Nigeria’s political system is presently characterized by nauseous happenings, thereby causing the innocent polity and its teeming watchers ceaseless nightmares. This unabated and seeming acceptable activity is cut across all elective posts, hence isn’t peculiar to when one is vying for a particular position. For example, someone who’s aspiring for the post of the executive chairman of a certain local government council may end up spending millions of naira in the process and might not even secure the anticipated position afterwards. One may ask, what exactly are these aspirants really financing? Officially, they are expected to finance the purchase of their nomination and expression of interest forms. The forms as being sold by various political parties to their respective members are reportedly exorbitant that the prospective office holders or aspirants, in most cases, have to borrow to foot the bills.

Aside purchase of forms and other allied matters, the campaign process that usually succeeds the primary elections – thus preceding the main elections – is another avenue where the aspirants resort to indulging in money politics. If you are well informed, then you wouldn’t hesitate to concur with the survey that indicates that in the contemporary Nigerian society, for instance, the citizenry have been compelled to boldly and proudly sell their birthright for a mere pot of porridge yam. This show of shame cannot be unconnected with ignorance and/or poverty. It’s noteworthy that whatever uncalled practice being showcased by the electorate is arguably attributable to the liberty granted to the teeming politicians to ‘mess around’ while canvassing for a given political office. It can’t be argued that every practising politician in Nigeria that’s seeking for any position of authority has the ‘right’ to spend any sum of money in the process.

It’s worth noting that, in this case, not just the electorate are at the receiving side. The so-called political gladiators are equally lavished with bags of money by the aspirants in order to buy their consent. This very act often precedes the primary election of a given party. These are the cogent reasons an aspirant who’s not financially buoyant would be left with no choice than to accept the lending hand of a godfather, a step that in the long run might bastardize his/her political career. Sometimes, it’s even the aspirants that go about seeking for who would sponsor their ambitions. Since politics has regrettably been considered as an investment or business venture, rather than an avenue to render selfless service, what else would you expect from an average politician who eventually clinched victory at the polls? Such a person, if assumed duty, wouldn’t fail to please the desires of the political mafia. In view of the above, most of the funds budgeted for various infrastructural/developmental projects in the concerned locality might be siphoned into the private purse of a godfather, thereby relegating governance to the background. This singular act has overtime crippled our god-sent nascent democracy. In a situation where the demands of the bigwig aren’t met, the society may be plunged into shambles.

Apart from the financial implications of godfatherism, a certain godfather might at anytime decide to unseat his beneficiary. This kind of case was recently sighted in Lagos State in the melodrama that ensued between the immediate past governor, Mr. Akinwunmi Ambode and the erstwhile governor of the State, Chief Bola Tinubu. Likewise issues have been, and are still, occurring ubiquitously not just in Nigeria but on the entire African continent. What’s the way out of this quagmire? First, we must completely silence the ongoing high rate of nomination form introduced by the various parties. This can be made possible by specifying in the Electoral Act the maximum price any party should charge for each of the forms to be purchased by their members aspiring for different offices. More so, any aspirant ought to be mandated by law to declare his/her assets. Hence, after the elections, the electoral umpire would be required to crosscheck the affected assets towards ascertaining how much the aspirant actually ‘invested’ in the campaign activity. The aspirants must be mandated not to exceed a certain threshold in regard to expenditure in accordance with the position he’s biding for.

If he’s found culpable after the thorough investigations, he ought to be charged to court for onward prosecution. If found guilty, such a politician should not just pay fine but be jailed. This would strongly help to eradicate godfatherism from the system. The electorate must, on their part, be reasonable. It’s unequivocally only insane person that could freely mortgage his or her future merely for peanut’s sake. They must comprehend fully that their respective futures lie in their palms, hence are imbued with the power to decide how it would appear. It’s therefore needless to assert that it all centres on amending our existing individual and collective policies. Think about it!

Ending Discrimination Against Persons With Disabilities

by Fred Nwaozor

3rd December each year remains International Day of Persons living with Disabilities. Hence, last Friday, the global community commemorated the 2021 edition of the remarkable event. The theme of this year’s commemoration is “Leadership and participation of Persons with Disabilities”. The United Nations (UN) Decade of Disabled Persons was held from 1983 to 1992 to enable governments and organizations at all levels to implement measures to improve the life of disabled persons all over the world. On October 14, 1992, as the decade drew to a close, the UN General Assembly proclaimed December 3 of every year as the International Day of Disabled Persons. This day was first observed on December 3, 1992. Subsequently, on December 18, 2007, the Assembly changed the observance’s name from the International Day of Disabled Persons to the ‘International Day of Persons with Disabilities’. The new name was first used in 2008.

Disability is the consequence of an impairment that may be physical, sensory, mental, cognitive, emotional, developmental, or a combination of these. A certain disability may be present from birth, or occur during a person’s lifetime. Disability is an umbrella term covering impairments, participation restriction, and activity limitations. Impairment is a plight in one’s body function or structure; participation restriction is a problem experienced by a person in involvement in life situations; whilst an activity limitation is a difficulty encountered by an individual in executing a task or action. This indicates that disability is indeed a complex phenomenon, reflecting an interaction between features of a person’s body and features of the society in which he/she lives or belongs. For instance, various forms of chronic disease may also qualify as disabilities.

Some advocates object to describing certain conditions such as deafness, vision impairment, or autism as disabilities, arguing that it is more appropriate to consider them as developmental differences that have been unfairly stigmatized by the society. In the same vein, others argue that disability is a result of exclusion from mainstream society and not because of impairment. The term ‘disability’ broadly describes impairment in a person’s ability to function as an individual, caused by changes in several subsystems of the body or in mental health. The degree of disability may range from mild to moderate, severe, or profound. A person might also be suffering from multiple disabilities. Irrespective of the degree or nature of the disability, it can be measured objectively or subjectively. Considering the causes of disability, the condition could be inherited or genetically transmitted; congenital, meaning literally caused by a mother’s infection or other diseases gotten prior to or during pregnancy as well as soon after birth, or via embryonic/fetal developmental irregularities. It could also be acquired, such as conditions caused by illness, injury, or accident; or even of unknown origin, as the case may be.

There are currently several classes of disability including physical disability, sensory disability, vision impairment, hearing impairment, olfactory and gustatory impairment, balance disorder, somatosensory disorder, intellectual disability, mental disorder, pervasive developmental disorders, and developmental disability, among others. Whichever type that is involved, it is worth noting that an individual with any form of disability can function as effective as, even more effective or efficient than, able-bodied individuals if given the needed support or encouragement. Against this backdrop, based on our individual/corporate social responsibilities, we are expected to always endeavour to do everything within our reach and humanly possible to ensure that persons living disabilities at our respective jurisdictions are duly given a sense of belonging starting from the classrooms to working places with a view to strengthening nation building. At the various institutions of learning, from primary to tertiary level, rather than discriminating the said set of people, they are meant to be given special attentions by the teachers and management of the schools. For instance, those suffering from vision impairment such as the albinos are supposed to be provided with special sunglasses and also meant to sit at the front of their classrooms or closer to the board. Such treatment ought to be replicated during their various examinations, either internal or external.

Similarly, during electioneering eras, the electoral umpire is expected to make a different arrangement towards the sensitization of the electorate with disabilities in line with the nature of their challenges. And, on the election days, the persons in question deserve a preferential treatment throughout the polls to enable them cast their votes properly and at ease as demanded. More so, it is no longer news that in the labour market as well as political settings, the degree of discrimination faced by persons living with disabilities is presently on the rampage. In view of this, there’s a compelling need for the legislators to enact a strict law that would stipulates a basic statutory percentage of persons with disabilities expected to be found in any public sector, or a certain minimum number of persons with disabilities that must be employed or appointed in the civil service or political arena, respectively, in accordance with the directive of the UN. Establishing a separate ministry coupled with an agency for persons with disabilities would go a long to resolving the anomaly. Worse still, it is obvious that recently, several prospective students with disabilities such as HIV/AIDS or physical challenges of most citadels of learning across the country, especially the privately owned tertiary institutions, are invariably deprived of their chances of securing admission thereby making most of them lose interest of furthering their education. Undoubtedly, the level of post-traumatic stress disorder attributed to the aforementioned stigmatization cannot be overemphasized that if adequate and drastic approach is not taken by the appropriate authorities towards ending the anomaly, it is liable to degenerate into an untold societal menace.

Above all, acknowledging that persons with disabilities easily fall victim of any disaster or crisis owing to vulnerability, there’s no need reiterating they are meant to be attended to, or treated, as priority during any disaster management. To this end, any personnel/expert involved in the management of any form of crisis ought to ensure that individuals with disabilities that are resident in the affected area are first attended to as well as duly catered for before any other resident. As Nigeria joins the rest of the world to commemorate the International Day of Persons with Disabilities, I enjoin every citizen and civil society organization to in their respective capacities endeavour to protect the rights of persons living with disabilities. We can actualize this by confronting any norm, cultural belief or perception that condones any kind of discrimination against them. In addition, thorough education cum reorientation among the citizenry as regards ending the menace remains inevitable. Think about it!

On Elimination Of Violence Against Women

by Fred Nwaozor

The last time I checked, November 25 annually remained the International Day for Elimination of Violence against Women. This signifies that today, the global community is commemorating the 2021 edition of the lofty event. From November 25, the International Day for the Elimination of Violence against Women to December 10, the Human Rights Day, the sixteen days of Activism against Gender-Based Violence is a time to galvanize action to end violence against women and girls around the world. Undoubtedly, no society in existence can be said to be complete if a woman is yet to be found in it, regardless of its nature or size. We can testify to this fact by considering how a woman came into the world. Of course it is no longer news that having created man, God the creator thought it wise to form a woman from the rib of a man. This was so, because God realized of what benefit a woman could be to a man in any society/arena he finds himself. A family for instance – a nuclear family precisely, which remains the smallest society on earth, can never strive successfully or attain to its anticipated height if a woman is missing. Realistically, a family cannot be formed in the first place if a woman is nowhere to be found.

Having formed a family with the help of a woman, if she eventually dies, the affected family will live to suffer the vacuum her eternal demise has created. This implies that, psychologically, no widower can boast of being a happy man, especially a situation where the late wife left some kids behind. Sometimes, even when the widower has gotten married to another woman, provided the late wife left some indelible footprints on the sand of time, he shall remain in an unending emotional trauma, perhaps for eternity. In such a situation, it is only his creator that can provide a lasting succour. Ab initio, the womenfolk has been considered to constitute the integral part of the wider society. It is obvious that a social union cannot achieve an effective goal if the female members aren’t carried along. It might sound a bit controversial but the truth remains that nature had ordained woman to be the most attractive being in any society she belongs. This is the reason whenever a social group of people intends to pay a courtesy visit to a certain office holder, if they fail to include at least a female member among the delegate, the said outing might end up fruitless. This is so, because the presence of a woman has a natural tendency of arresting the heart of any man irrespective of who he is. The political terrain is not left out. Any man occupying a political position could boldly testify that his beloved wife is the reason he is thriving assiduously and successfully. This implies a woman is in charge of any leadership position, though her impact might seem invisible.

The advisory role, both morally and otherwise, a woman plays in the life of her spouse who occupies a political post supersedes whatever counsel he receives from his appointees, friends, or well-wishers. Considering the church, which is an institution as well as one of the oldest societies across the globe, there’s no need reiterating that its sustainability from the outset has been possible owing to the effort of the womenfolk. Noting that women are closer to the church, the easiest way to conscientize a married man, or any man whatsoever, toward the uplift of a church project is through the woman in his life, since it is obvious a woman has the key to a man’s heart. Similarly, a woman has been proven to be more pious than a man. This is the reason she remains the engine room towards the uplift of the children’s spiritual lives. It is worth noting that someone or a family whose spiritual life is porous is apparently living like a tree without root. Frankly, the role of a woman both in her immediate and wider society cannot be overemphasized. From the aforementioned facts, it can be pinpointed that without a woman, the children cannot be properly raised, be it morally, academically, religiously, and what have you; a man’s social, political and emotional life shall remain incapacitated and in shambles; above all, the affected society would remain seemingly stagnant and retrogressive in its day-to-day activity. In view of the above analysis, as Nigeria joins the rest of the world to commemorate the International Day for the Elimination of Violence against Women, it is our civic responsibility to ensure that women or girls whom are ubiquitously vulnerable owing to their nature are duly respected and safeguarded at all cost, with a view to strengthening our respective societies and the nation at large.

We can contribute our quotas, either individually or collectively, by acknowledging that women are the backbone of any society in existence. We can showcase our respective supports in all fora we find ourselves. It is estimated that about 35% of women worldwide have experienced either physical and/or sexual violence by a non-partner at some points in their lives. On the other hand, some studies show that up to 70% has experienced physical and/or sexual violence from an intimate partner. It’s noteworthy that, either domestic or not, such form of violence has lingered in various countries, particularly Nigeria, thus making people insinuate that it is an acceptable tradition. Violence against women/girls is a human rights violation. It’s a consequence of discrimination against women both in law and in practice, and of persisting inequalities between men and women. It’s arguably impedes progress in many areas of human endeavour including poverty eradication, curbing contagious diseases such as HIV/AIDS, strengthening peace and security, thereby crippling nation building. The monster, which continued to be a global pandemic, is not inevitable. Prevention is possible and essential too. Everyone has a responsibility to prevent and end violence against women and girl children, starting by challenging the culture of discrimination that allows it to exist.

Legislation also has a vital role to play. There ought to be a stiff law to ensure that anyone at all levels found guilty of any violence against women/girls to include rape, battering, female genital mutilation, subjection into prostitution, or what have you, is duly brought to book. Violence like rape deserves life imprisonment, or any other form of capital punishment, because such ruthless act can lead to murder. Parents and guardians on their part should equally cough up reasonable time for their wards, particularly the female folks, to enable them know their left from right when they grow up. The various schools should as well revive their guidance and counselling unit towards providing the needed guideline and caution for both the male and female students. The schools can create a strong impact via this measure. The religious bodies are not left out in this crusade. They are expected to devote much time in letting the worshippers realize the dangers inherent in the menace. They ought to equally create enough time to preach salvation rather than material prosperity as it is presently the case. Women and society are interwoven. If you remove either of them, the other one would be ostensibly meaningless. Needless to say that the former is as crucial as the latter, thus must be treated as such at all times. Think about it!

On 2021 World Diabetes Day

by Fred Nwaozor

The last time I checked, November 14 annually remained World Diabetes Day. This signifies that last Sunday, the world over commemorated the remarkable event. The day, which is an annual and international commemoration, was instituted in the year 1991 by the International Diabetes Federation (IDF) in collaboration with the World Health Organization (WHO) to help in raising public awareness on the dangers and control of diabetes. World Diabetes Day became an official United Nations (UN) Day in 2007 through the passage of the UN Resolution. The day was chosen in honour of the birthday of Frederick Banting who along with Charles Best first conceived the idea which led to the discovery of insulin in 1921.

It’s noteworthy that the campaign attached to the World Diabetes Day draws attention to issues of paramount importance to the diabetes community and keeps diabetes firmly in the public spotlight. The theme of this year’s anniversary is “Access to Diabetes Care”. It acknowledges that millions of people with diabetes around the world do not have access to diabetes care. It emphasizes that people with diabetes require ongoing care and support to manage their condition and avoid complications. The theme therefore stressed that we cannot wait any longer, hence urging stakeholders at all levels to provide the needed medicine, technologies, support and care for all people with diabetes that require them. It also enjoined governments to increase investment in diabetes care and prevention. Diabetes is a lifelong medical condition that causes a person’s blood sugar level to become too high. It is often caused by the insufficiency or lack of the hormone known as insulin, which is produced by the pancreas – a gland found behind the stomach.

The amount of sugar in the blood is controlled by insulin. When food is digested and enters the bloodstream, insulin moves glucose out of the blood and into the cells where it’s broken down to produce the required energy. However this implies that, if one has diabetes, his/her body is unable to break down glucose into energy; because there’s either not enough insulin to move the glucose or the insulin being produced doesn’t work properly. There are two main types of diabetes namely: Type 1 diabetes and Type 2 diabetes. The former is usually more delicate than the latter which is far more common. In Type 1 diabetes, the body’s immune system attacks and destroys the cells that produce insulin. As no insulin is produced, the victim’s glucose level increases, which can seriously damage his body’s organs. Type 1 diabetes is often regarded as Insulin-dependent diabetes; it is also sometimes recognized as Juvenile diabetes or Early-onset diabetes, because it mostly develops before the age of forty (40) or usually during the teenage years. If one is diagnosed with Type 1 diabetes, he would need insulin injections for the rest of his life. He would also need to pay very close attention to certain aspects of his lifestyle and health, to ensure that his blood glucose levels stay balanced at all times.

Type 2 diabetes takes place when the body doesn’t produce enough insulin or it cells don’t react to insulin. This type of diabetes is generally known as Insulin-resistant diabetes. Since Type 2 diabetes is a progressive condition, the patient may eventually need medication mainly in the form of tablets. Type 2 diabetes is in most cases associated with obesity. Obesity-related diabetes is sometimes referred to as Maturity-onset diabetes owing to the fact that it is more common in older people. During pregnancy, some women possess high levels of blood glucose, which makes their body unable to produce enough insulin to absorb it all. Such condition is known as Gestational diabetes and it affects up to 18 in 100 women during pregnancy. Pregnancy can as well make existing Type 1 diabetes worse. Gestational diabetes can increase the risk of health problems developing in an unborn baby, therefore it’s very necessary for a pregnant woman to keep her blood glucose levels under control. Record has it that diabetes is the ninth leading cause of death in women globally, causing 2.1 million deaths per year. In several cases, gestational diabetes develops during the second trimester of pregnancy, which is weeks 14 to 26, and disappears after the baby is born. But the truth remains that, women who suffer from gestational diabetes are at an increased risk of developing Type 2 diabetes later in life. The general symptoms of diabetes, which often take place simultaneously, are: feeling very thirsty; urinating more frequently than usual, particularly at night; feeling very tired; weight loss and loss of muscle bulk; cuts or wounds that heal slowly; blurred vision, caused by the lens of the eye becoming dry; itching around the private part or frequent episodes of thrush.

Type 1 diabetes can develop quickly over weeks or even days; whilst, many people may have Type 2 diabetes for years without realizing it because the early symptoms tend to be friendly. Statistics, according to World Health Organization (WHO), show that about 347 million people worldwide are presently suffering from diabetes. In 2004, an estimated 3.4 million people died from consequences of high fasting blood sugar. The most devastating aspect of diabetes is that, almost half of the people suffering from it do not know that they have the disease. In view of this, WHO stipulates that diabetes would be the 7th leading cause of death by the year 2030. Many more people worldwide have blood sugar levels above the normal range, but not high enough to be diagnosed as having diabetes. This is referred to as Pre-diabetes. If your blood sugar level is above the normal range, your risk of developing full-blown diabetes is increased. Thus, it’s absolutely very important for diabetes to be diagnosed as early as possible because it would get progressively worse if left untreated.

In general, diabetes carriers are advised to eat healthily, take regular exercise and carry out regular blood tests in order to ensure that their blood glucose levels remain balanced. Above all, they are also advised to maintain a very cordial relationship with their doctors or health experts. As the global community commemorates the World Diabetes Day anniversary, I’m using this avenue to urge the general public to endeavour to live a life that would keep them away from contracting this dreaded disease that has claimed hundreds of millions of souls as well as maimed several lives both in the past and present. They can achieve this by ensuring they consume balance diets or staying away from constant intake of starchy or sugary foods without supplementing them with other required classes of foods. The sufferers of the disease ought to also note that they can live as long as possible if necessary precautions are always taken, or if they continually stick to the modus operandi surrounding the disease, such as eating healthily, indulging in regular exercise, carrying out blood tests regularly, and consistent intake of the prescribed drugs or frequent consultation of a physician, among others. Diabetes has no absolute cure but can be prevented, or managed if contracted. Hence, it’s worthy to acknowledge we have every opportunity to live without the disease, or live healthily if eventually infected with it. Think about it.

As FEC Approves N621.23bn For Road Projects

by Fred Nwaozor

Penultimate week, precisely on 27th October 2021, the Federal Executive Council (FEC) in its not unusual weekly meeting, approved N621.23 billion for reconstruction of 21 roads covering a total distance of 1,804.6 kilometres across the six geo-political zones in Nigeria. It’s noteworthy that the proposed projects are to be undertaken by the Nigerian National Petroleum Corporation (NNPC) through the deployment of its own tax liabilities. The development was graciously disclosed by the Minister of Works and Housing, Mr. Babatunde Fashola while briefing the State House correspondents at the end of the FEC meeting held in Abuja. According to the Minister, who stated that there would be no more financing problems regarding the execution of road projects across the federation, nine among the 21 roads are in North Central, particularly Niger state. The reason is that Niger State is a major storage centre for the NNPC. He said “NNPC is doing this to facilitate the total distribution of its products across the country.”

He further gave an assurance that in the South-West, the Lagos-Badagry Expressway, the Agabara Junction, Ibadan to Ilorin (Oyo-Ogbomoso section) would be fixed. Three other roads are reportedly located in the North-East, two in the North-West, and two others in the South-East. The Odukpani-Itu-Ikot/Ekpene road, the minister said, had now been fully covered to resolve the problem of financing. He stated that in the South-East and South-South, there are Aba--Ikot Ekpene in Abia and Akwa Ibom States. Then the Umuahia-Ikwuamo-Ikot Ekpene road and so on. Similarly, in the North-West, it is Gada Zaima-Zuru-Gamji road, and also Zaria-Funtau-Gusau-Sokoto road. In the North-East, it is Cham, Bali Serti and Gombe-Biu roads. It could be recalled that in July this year, the FEC approved the award of a contract to Dangote Industries for the construction of five roads totalling 274.9 kilometres at the cost of N309.9 billion, reportedly advanced by the company as tax credit. In any given clime across the global community, capital projects are invariably what well-meaning citizens clamour for whenever a call to usher in good governance is raised in the public sphere. This is so, because, it is only by establishment of such projects as good road network, creation of portable water, sound health and education systems, that the governed could feel the impact of the government.

This is the sole reason the ratio between the capital and recurrent expenditures of the annual budget of a particular nation for a certain fiscal year often tends to favour the former to the detriment of the latter. It suffices to enthuse that it has become unarguable that capital expenditures usually benefit virtually the entire occupants of the concerned clime compared to recurrent expenditures that’s targeted to favour only a few. In view of these facts, successive governments all over the world that truly mean well for the governed have overtime made frantic and genuine efforts to initiate capital projects that would stand the test of time. Those who actualize this quest invariably succeed in writing their names in bold and gold. In this part of the world, particularly Nigeria, issues pertaining to governance seem to be given a different attention and interpretation by the relevant authorities. We have hitherto observed a prevalent situation whereby a certain prospective government would rigorously embark on election campaigns with the mantra to treat capital projects as priority, but would abruptly sound differently the moment it assumed duty.

This uncalled nonchalant attitude of governments at all levels has continued unabated under our nose as if the people are a set of imbeciles. Sometimes when asked for clarification by the affected citizens, the enquiry would be regarded as unimportant by the failing government. Lest we forget; on Thursday, 10th January 2019, the Federal Government (FG) led by President Muhammadu Buhari approved the sum of N100 billion for the Federal Ministry of Works, out of the proceeds of the Sovereign Sukuk fund, to finance critical road infrastructure across the country. The fund was for the construction and rehabilitation of 28 key economic road networks as captured in the 2018 budget. The FG disclosed that the road projects were located in the six geo-political zones of the country with each zone having a total allocation of N16.67bn. This signifies that the capital projects were evenly distributed among the entire regions. Speaking at the presentation of symbolic cheque to the concerned ministry, the Minister of Finance, Mrs. Zainab Ahmed noted that “the funds will be released to the Federal Ministry of Power, Works and Housing based on the framework agreed with the Trustees in order to ensure transparency and accountability in the use of proceeds.”

She added that “the Sukuk funding option is part of the initiatives of the government to diversify government funding sources, while also deepening the Nigerian capital market, mobilizing more savings and promoting financial inclusion.” The roads to be funded “will ease commuting, spur economic activities across the country and further close our infrastructural gap.” In his response, the Minister of Power, Works and Housing (now Ministry of Works and Housing), Mr. Babatunde Fashola stated thus, “roads are coming, those are assets that would enable business that would enable transport, movement of goods and services and assets that will last 25, 30 to 40 years. This is a good investment to make. So, for those who asked why are we borrowing, we are borrowing to build at today’s prices assets that will last us for another 30 years.” He further said “it will be more expensive to build but more importantly, where is the money going. As soon as I collect this cheque, I am going to give it to the contractors. But even, they can’t keep it; they have to give it to their suppliers because they need aggregates, they need materials and labourers but they first need suppliers.” The Minister went further to assure that the Buhari-led administration “Is committed to follow the part of greatness, build the foundation for tomorrow by investing in infrastructure. It means that for example, we have to raise money and I am very happy to learn that over 1,876 investors are already doing business because Buhari government decides to build. That is how to build an economy.”

Two years down the line, the ‘28 key roads’ as mentioned in the said contract are still reportedly undergoing rehabilitation in spite of all the assurances tendered therein. One may then begin to wonder the kind of country called Nigeria we found ourselves. In view of this omen, which has unabated been a recurring decimal in the Nigerian polity, the governed may have lost their trust in any government in power, or its allies. This is the reason the NNPC must take into cognizance that initiating a certain project is quite different from completing it, hence must consider the key steps needed to be followed towards ensuring the proposed projects are duly executed as planned. The contracts are required to be awarded to corporate bodies of proven background and antecedents. Thus, no compromise should be reached for whatever reason. The contracts ought to be implemented in line with the country’s Public Procurement Act, thus a levelling playing ground is expected to be provided among the prospective construction firms. In this regard, the memo for the proposed contracts should be made public to enable any interested firm apply for the job and due process ought to be followed afterwards in awarding the project to the deserving entities. Also, the contracts are meant to be awarded to only indigenous firms towards boosting our local content. So, the Executive Order 5 implemented by President Buhari must be adhered to.

When eventually awarded, the benefitting residents or communities should be properly made to comprehend the profile of the firms handling the respective projects with a view to making them able to alert/contact the relevant agencies whenever they observe any prank or foul play. It suffices to say that the beneficiaries must be a stakeholder in the overall implementation of the projects. As regards adequate monitoring, viable mobile teams comprising reliable personnel ought to be constituted by the concerned authority. This would enable a regular supervision as the work progresses. In the same vein, the contractors must be mandated to complete the projects within a given time frame, else, should be made to face sanctions. We are meant to acknowledge that initiating a capital project by the government is invariably the wish of the governed, but ensuring their completion remains their greatest desire. Think about it!

On Buhari's Sack Of The Power Minister

Fred Nwaozor

In the not unusual way and procedure of holding a Federal Executive Council (FEC) meeting, it held on Wednesday, 1st September 2021, and was presided over by President Muhammadu Buhari. In the said meeting, something very remarkable and unusual happened, and such had never transpired in the history of FEC meetings under the reign of President Buhari. Therein, the number one citizen of the Nigerian State announced the outright sack of the Honourable Minister of Power in the person of Engr. Sale Mamman as well as his counterpart in the Agriculture and Rural Development Ministry, Mr. Mohammed Nanono. Consequently, the duo was immediately replaced with Engr. Abubakar Aliyu for Power and Dr. Mohammad Abubakar for Agric. It’s worthy of note that the new bosses were already members of the President’s cabinet, and were previously the Minister of State for Works & Housing, and Environment Minister, respectively. It suffices to say that they were redeployed.

The President, without mincing words, disclosed that the process of reshuffling his cabinet for effective impact shall be continuous, having stated that it was the “tradition of subjecting our projects and programmes implementation to independent and critical self-review through sector reporting during cabinet meetings and at retreats”. He further said the “significant review steps” had helped to identify and strengthen weak areas, close gaps, build cohesion and synergy in governance, manage the economy as well as improve the “delivery of public good to Nigerians”. Though no definite reason was given for the President’s action, speculations had it that the abrupt development might not be unconnected with performance of the duo as ministers. However, the following day during his interview on the Channels Television, the President’s Adviser on Media, Mr. Femi Adesina refuted the claim that the sack of the ministers was linked to poor performance. The media aide said although the President must have had concrete reasons for dropping the duo, there was no place it was stated that their performance was weak, hence asked people to desist from such ill-advised speculations. It’s worth noting that the prime interest and essence of this column has been and remains tech-driven issues, thus my attention to the sack of the country’s power minister, hence this topic. It’s on record that this was the first time the President would sack any serving minister in his government since assumption to office in 2015. This was the reason this very move came as a surprise and shock to his allies, and perhaps the onlookers.

Even when the position of some of the ministers – during the President’s first term – was shrouded in myriad of controversies, and most Nigerians called for their sack without much ado, the boss seemed adamant and apparently gave a deaf ear to the development. It could be recalled that the current cabinet was constituted by the President on 21st August 2019; needless to say that the sack of the ministers came exactly two years after their inauguration. The half-time of any leadership tenure is the most suitable period to x-ray the overall performance and operations of the administration and its appointees with a view to making amends where need be. This is to assert that such action of Mr. President was orderly and acceptable, if it was genuinely done or not politically motivated. But one might wonder why he refused to make such move during his first term, between 2015 and 2019 precisely, not even when several concerns were raised by teeming Nigerians in respect of under-performance, incompetence, misappropriation, corruption, and allied matters. One could recall, I personally told the President on this column and in other fora that there was a compelling need to split the then Power, Works and Housing Ministry headed by Mr. Babatunde Fashola, and a few other well-meaning analysts equally joined in the crusade, yet our collective request wasn’t granted.

I made it clear, as at then, that the power sector deserved to have a separate ministry to be manned by a well-experienced person as minister. The President waited till his second term to do the needful. What if he didn’t succeed in his second-term bid? Notwithstanding, ‘it’s better late than never’. Two years after eventually creating a separate ministry for the power sector, the minister is being presented with a sack letter, and consequently replaced with someone else who probably is believed to possess the required requisite to perform the long-awaited magic in the troubling and dwindling sector. The big question at this juncture, which necessitated this tech-driven topic, is: the actual remedy to the Nigeria’s power sector quagmire, does it lie in the ability of the minister or the extant policies surrounding the said sector? To candidly tender the apt and succinct answer to this enquiry, we may need to revisit the history and facts book. The country’s generation sub-sector comprises about 23 grid-connected generating plants. These plants are in operation round the country with a total installed capacity of 10,396MW, with available capacity of 6,056MW.

The thermal-based generation has an installed capacity of 8,457.6MW, with available capacity of 4,996MW. The hydro-based generation possesses a total installed capacity of barely 1,938.4MW, with available capacity of 1,060MW. It’s noteworthy that the thermal segment has been sold to the private sector, except the Sapele Power Plc – generating about 414MW – that is 51% sold. Similarly, the hydro segment is under long-term concession. In its effort to increase the level of power generation in the country, the Federal Government (FG) in 2004 under the leadership of Chief Olusegun Obasanjo, incorporated the Niger-Delta Power Holding Company (NDPHC) as a public sector funded emergency intervention scheme. The NDPHC was imbued with the mandate to manage the National Integrated Power Projects (NIPP), which essentially involved the construction of identified critical infrastructure in the generation, transmission, and distribution as well as the natural gas supply sub-sectors of the electric power value chain. In total, the NIPP power stations were targeted to add about 4,774MW of electricity to the national grid network. Some of these stations have been privatized while plans are underway to sell the remaining ones to interested investors towards increasing private-sector participation in the power sector, thereby improving the ongoing reform programme of the FG. In furtherance of the reform policy direction, the Nigerian Electricity Regulatory Commission (NERC) has in the past licensed many private Independent Power Producers (IPPs). Some of the IPPs are reportedly at various stages of project development.

This analysis implies that the generation sub-sector is currently operating under the Public-Private Partnership (PPP), with almost 97% participation of the private investors. But the transmission segment is completely managed by the FG, whilst the distribution sub-sector is being operated and managed by private investors. It’s imperative to acknowledge that, even if all these generating plants are in good form, or functioning as expected, their total installed capacity will still not generate the needed Megawatts (MW) of electricity across the federation. Recently, by implementing reforms, Nigeria targeted 40,000MW generating capacity by 2020. Going by the estimate, she needed to expend approximately $10bn per annum on the power sector, to achieve the motive. Taking a painstaking cognizance of the abridged survey or review, as presented above, we would understand that the country’s lingering power crisis ought to be blamed on the epileptic policies guiding the sector, not the ability of the minister as being perceived. The fact is that, even if the best brain and most active technocrat is in charge of the Power Ministry, the sector will continue to wail and bleed.

The FG needs to, as a matter of urgency, decentralize the transmission grid, thereby giving room for each region or zone to manage their respective grids. This measure would help to eliminate the unending burden occasioned by theft, criminality, and corruption being experienced by the national grid. Hence, the private sector ought to be allowed to invest in the power transmission. There’s need for a candid legislation in this regard. In the same vein, healthy policies should also be created to encourage generation of electricity from renewable energy sources such as solar. This wouldn’t need to be connected to the national grid, hence the various states can see to its operations and management on a daily basis. The policy should equally create enabling environment to enable our trained technologists or engineers manufacture the needed devices for the generation. More so, formidable policies must be formulated by the FG to discourage the endless rampant importation of conventional household/industrial power generating devices whose operations depend solely on fuel, diesel, or gas, as the case may be. The importers of the equipment won’t live to see a functional power sector in Nigeria, hence the need for a policy or legislation to tame their unwholesome activities in the country. The political will must be worn like clothe to actualize the people’s aim. Hence, we must therefore look inwards towards solving our collective problem, rather than being myopic or shying away from the truth. Think about it!

Checking The Nigeria’s Tech Value

by Fred Nwaozor

It’s worthwhile for one to, from time-to-time, re-examine his or her personality value towards making amends where need be. It equally helps to know the qualities or features to be sustained thereof. Such a step, as mentioned above, isn’t only wholesome for an individual, but also in the case of an entity. It’s, therefore, needless to state that every creature requires the scrutiny. Herein, as the topic implies, we are specifically concerned about the tech value of the acclaimed giant of Africa. In other words, we’re dissecting how far and well she has hitherto fared in tech-driven matters and activities. One might wonder if Nigeria really has technology, let alone its value. The truth is that, the country could currently boast of over ninety tech hubs across the federation, the highest on the African continent. In recent years, Nigeria has ostensibly become an incubator for some of the continent’s biggest start-ups, including online marketplace such as Jumia and Konga; and these digital outlets are unarguably driven by tech expertise. It’s noteworthy that Nigeria reportedly has the largest economy in Africa with a Gross Domestic Product (GDP) of about $448.12 billion compared to its closest rival, South Africa whose present GDP is about $320 billion. However, it’s worthy of note that the real wealth of any nation is calculated by its GDP per capita, and Nigeria ranks 140 out of 186 in GDP per capita global ranking.

Per capita GDP is a financial metric that breaks down a country’s economic value (output) per person, and is calculated by dividing the whole GDP by the country’s overall population. In Economics, it’s widely accepted that technology is the key driver of economic growth of countries, regions or cities. Technological progress allows more efficient production of goods and services, in which prosperity depends on. Technology brings skills, knowledge, process, technique, and tools together, toward solving problems concerning human existence, thereby making their life secure and happy. It’s very pertinent in today’s world, because is driving the global community as well as making it appear better. In fact, it is gradually becoming inevitable in our various homes, offices, and workplaces. The Nigeria’s tech patent has grown to be an envy of all who understands its real content. In terms of human and material attributes, it has over the years remains significant in the global society and market. Take a walk round the world, you would comprehend that, most recent tech inventions and innovations across the globe were mainly as a result of contributions from Nigerians. Similarly, Nigerians remain the reason several countries’ tech sector have grown beyond limits. Ironically, the Nigeria’s tech sector is presently nothing to write home about. As the days unfold, the sector continues to decline in its value, hence taking the country’s name to a state of ridicule. Each day, the governments at all levels come up with empty promises and policies as regards tech-driven activity and innovation. The politicians at the country’s helm of affairs have unequivocally, over the donkey’s years, failed us in this regard. The good news is that, in spite of the lingering hurdles and challenges, the prospects of the country’s tech value remain obviously great, perhaps owing to the fathomless resources lying fallow. It’s worth noting that countless factors are behind the ongoing impediments in the Nigeria’s tech sector. For us to get it right as a people, these barriers continually posing threat must be severely tackled by the concerned authorities at all cost.

A certain tech-driven contract might be awarded by the government, in the long run, we would be greeted with myriad of untold stories attributed to paucity of funds. In such case, it could be either the fund made available for execution of the project had been squandered or that insufficient fund was approved ab initio. The steady economic fluctuation is another glaring factor that cannot be swept under the carpet. This particular plight has left Nigerians tech experts with no choice than to becloud their reasoning with uncertainties and fear of the unknown. More so, those who – amidst the tough times – insisted in putting something together, would not find the apt market to sell their products or patents. This could be as a result of infrastructural decay occasioned by lack of maintenance culture, or the required physical infrastructures have never been in existence from the onset. The cost of running tech firm in Nigeria is too high, to say the least. Poverty has also on its part really posed a great danger to the Nigeria’s tech value. The individuals who have the zeal and ability to invest in their expertise might end up being frustrated, due to lack of capital. This is why the country’s GDP per capita has to be fixed or elevated if she actually wants her tech sector to excel headlong. Nigerians do not trust made-in-Nigeria goods. The mentality of seeing foreign products as superior while branding domestically-made ones inferior, must be tackled. Aside sensitization, apt policies can properly assist in eradicating the social menace, which could best be described as a cankerworm that has eaten deep into our collective bone marrow. The governments must not necessarily invest in technology for their respective tech values to grow. In most countries where technology is seriously thriving, the individuals domiciled therein remain the key players, not the government. But such a phenomenon can never be witnessed if the enabling environment is conspicuously missing. To fix this anomaly, we must be ready and determined to address the quagmire in the political system. The country’s political instability is so intense, and continues to skyrocket by the day, that one cannot possibly say what the nearest future entails for our indigenous tech patent.

The policies are so weak that they can’t even initiate a project, let alone accomplishing it. To get things rightly done, we need to acknowledge that a country’s growth in any sector depends majorly, if not solely, on her extant policies. To be on the same page with me, take a look at any nation that has grown in a certain sector, and then take time to painstakingly x-ray the policies guiding the area in question. Just a research and adequate analysis would make you understand where exactly I’m coming from. Growth is not rocket science; it takes some processes. For such processes or procedures to occur, there must be existing principles. The moment the rules (principles) are thwarted, it marks the beginning of the end of the procedures. There are no two ways about it. Lest I forget, we need to equally take into cognizance that the reason most of the needed policies cannot exist in countries like Nigeria is that, our corrupt political leaders have realized that technology exposes corruption. Read my lips. They are apparently of the view that if tech is deployed in any area, it would certainly expose their corrupt practices. Take for instance, a situation where technology is fully implemented in the country’s electoral system as well as using forensic audit pattern in the finance sector.

The above factors are the reason we ought to clamour for overhaul. The country is in damn need of total overhaul of the system. To achieve this, we need to realize the full benefits of investing in technology. We are not here to reiterate the numerous merits of technology but to point out the goals and lapses in the said sector, in a bid to do the needful. If we spend time to highlight the outpouring merits, three editions of this column might not be sufficient. Artificial intelligence is deeply gaining momentum on a daily basis, signifying it has come to stay. Ease of access to information cannot be overestimated. Ease of mobility is another overwhelming experience. Better communication means and improved banking have, beyond reasonable doubts, made the world to seem not unlike a minute village. Learning has been digitalized, thereby silencing any form of impediment, owing to the presence of technology. Cost efficiency and apt time management are being assured in all tech-driven activities. These are verifiable facts. Countless innovations are springing up by the day in every facet of human endeavour. The ‘disabled’ are now abled, because of tech-driven tools, yet Nigeria and her likes seemingly await more prophets to tell them that technology has come to take the planet to the promised land. Understanding that the presence of adequate tech hub drastically changes the economic outlook of any country involved, is enough reason to place its content ahead of others. Think about it!

X-raying CBN's Plan On e-Naira

by Fred Nwaozor

It’s not anymore news that plans are underway by the Central Bank of Nigeria (CBN) to fully implement the use of the country’s digital currency, the e-Naira. The apex bank recently postponed the planned unveiling of the e-Naira. It could be recalled that it was earlier scheduled to be officially launched on 1st October 2021 to mark the country’s 61st Independence Anniversary. However, in his words, the CBN’s Governor, Mr. Godwin Emefiele disclosed that the proposed e-Naira launch wasn’t going to be a one-off thing, but a ‘journey’ or process that would commence on the said date and continues till further notice. This implies that the process has already begun. Many Nigerians are still ostensibly very much confused or ignorant over the essence of the digital currency or what the technique is all about, hence are apparently itching to be well intimated on the tech-driven policy. A quite percentage of the citizenry might thus far be familiar with the term ‘Crptocurrency’, though may be yet to know its origin, usage, operations and value, or what have you. The Cryptocurrency is a digital form of currency that deals with collection of binary data designed to work as a medium of exchange, whereby individual coin ownership records are stored in a ledger electronically. Its prefix ‘crpto’ makes it seem like something that’s shrouded in secrecy.

Cryto-currency was invented, or came into existence, in 2008 via an entity known as Satoshi Nakamoto in which the identity of the individual owner(s) was unknown. Consequently, it came into use in 2009 when its implementation was released as open-source software. It’s an electronic file stored in a digital wallet App, either on a smartphone or computer. The Bitcoin, which is a type of Cryptocurrency and popularly used worldwide, can be sent from user-to-user on the peer-to-peer Bitcoin network without the need for intermediaries or middlemen. Bitcoin, a decentralized digital currency, is created as a reward for a process known as ‘mining’. Bitcoin mining is the act of creating new Bitcoins by solving a computational puzzle by Bitcoin miners. It is decentralized, in the sense that, all over the global community, it isn’t traded, controlled or operated by the aid of a central bank (CB) or single administrator. It suffices to say that the Bitcoin doesn’t have an official regulator. To get the picture clearer on the essence and use of the Crypto-currency, the Bitcoin particularly, people can send Bitcoins or part of one to your digital wallet if you have any and vice-versa. You can as well send Bitcoin to any other individuals. It’s noteworthy that anyone can purchase Bitcoins using ‘real money’, meaning literally the physical cash of any recognized currency. You can also sell things and ask the buyer(s) to pay you with Bitcoins or any digital currency of your choice.

To start using Bitcoin, all you need to do is to create a Bitcoin wallet, get your first Bitcoin, secure your Bitcoins, then send and receive Bitcoins. For the fact that the Cryptocurrency is not being regulated by any authority leaves much to worry for its teeming users. This is the reason it could be described as a ‘Ponzi scheme’. Little wonder the CBN, in February 2021, out-rightly barred all commercial banks and other financial institutions domiciled in Nigeria from dealing, or facilitating transactions, in Crypto-currencies, and subsequently announced its intention to introduce the country’s digital currency, the e-Naira. It’s worthy of note that the awaited implementation of the e-Naira reportedly makes Nigeria one of the first countries on the African continent, and indeed the globe, to adopt the digitization of its currency. The e-Naira, which shall bear exactly the value of the physical Naira and not attract any interest upon transactions or when stored, is quite different from the Bitcoin because it shall be regulated, unlike in the case of the Cryptocurrency whereby corrupt individuals or criminals can store billions of a certain currency without being spotted or noticed. It’s worth noting that each Bitcoin has its equivalent rate (value) in any currency in the world, hence one can store any currency in form of the Bitcoin. The value of the e-Naira doesn’t change regardless of the circumstance. It shall remain same with respect to the physical Naira. It only changes whenever the ‘real Naira’ appreciates or depreciates in value, as the case might be. It’s therefore needless to assert that the e-Naira is a CB-issued digital currency that provides a unique form of money denominated in Naira. According to the CBN, the e-Naira – which shall be issued and regulated by the Mother bank – can be linked to one’s bank account or Pay-As-You-Go with a prepay option. It shall be stored in a wallet known as the ‘e-Naira wallet’ just as we can safe-keep the physical currency notes in our pocket wallets. The e-Naira wallet is a digital storage device to hold the electronic Naira note.

Prospective users are required to download the e-Naira App via the Google Play Store or Apple App Store. Once it is downloaded, they can on-board themselves, fund their e-Naira wallet using their bank accounts or with cash at a registered agent. The e-Naira shall serve as a medium of exchange over transactions as well as store of value to safe-keep one’s funds. It’s reported that customers, or account owners, can be able to move money from their bank account to their e-Naira wallet with ease. The Mother bank promises that the e-Naira would provide a fast, cheap, reliable and available payment channel as well as support digital economy, improve economic activities and ease cross-border trade. It equally pledges to accelerate financial inclusion and enable cheaper and faster remittance inflows. However, my optimum concern and worry at the moment is the needed tools, such as security and awareness, for successful implementation of the lofty monetary policy. As technology expands by the day, tech criminals extend their tentacles towards unleashing their venom on the unsuspecting users of the new device, hence the compelling need to accompany the digital enhancement with stringent securities and sensitization. The CBN has stated that the e-Naira App would feature and reflect brand values centred on ease of use and efficiency while bearing in mind security. We were also notified that the e-Naira wallet shall comprise an embedded ‘security token system’, which would make the owner’s information unreadable to fraudsters, because tokens are randomly generated every time one makes a payment. This is where adequate and thorough orientation needs to come in. The CBN has already chosen Bitt Inc. – the world’s notable Barbados-based FinTech firm – as its technical partner in developing the e-Naira. Also, we’ve been reliably told that the various banks have commenced the integration of the e-Naira feature into their respective Apps. These corporate entities must henceforth holistically assist the apex bank in breaking down the needed information and facts to a layman’s understanding, for their various clients to be fully aware of the nitty-gritty surrounding the awaited digital currency. Hence, various channels ought to be deployed to achieve this objective.

Taking into cognizance that the e-Naira shall be universal, thus anybody can hold or possess it, the targeted users must be well orientated on the true meaning of peer-to-peer exchange and the fact that the e-Naira doesn’t yield any interest in future as well as other related necessary coaching. As much as I commend this brilliant move by the CBN, I wouldn’t hesitate in reminding them that a wrong implementation of an excellent policy is tantamount to failure. Think about it!