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Economic diversification panacea to Nigeria’s economic crisis – Danbatta

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Nasiru Yusuf

The Executive Vice Chairman, Nigerian Communications Commission (NCC), Umar Garba Danbatta, has underscored the centrality of economic diversification and ethical leadership at all levels of government as panacea to the current economic headwinds in Nigeria.

Kano Focus reports that Mr Danbatta stated this when he delivered a paper titled: “Ethical Leadership as an Instrument for National Sustainability in the Post-Oil Nigerian Economy: a Public Sector Perspective” at a  two-day hybrid (online and onsite) Annual Directors Conference (ADC) organized by the Institute of Directors (IoD), Nigeria.

Mr Danbatta emphasized that the fourth industrial revolution (4IR) or digital age promises greater revenue-earning potential to the nation.

Mr Danbatta, said the Federal Government has realized that Nigeria cannot be solely dependent on oil earnings anymore, hence the decision of the FG to explore ways of diversifying the economy.

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Economic diversification, according to Danbatta, is the process of shifting an economy away from a single income source toward multiple sources from a growing range of sectors and markets.

He said this is with a view to increasing productivity, creating jobs and providing the basis for sustained economic growth.

Danbatta said though, the Federal Government has made several attempts at economic diversification, such attempts have had little impact as majority of them have folded up whilst others are finding it difficult to survive.

He noted that the situation has further been compounded by the recent economic recession and the COVID-19 pandemic, which adversely affected the global economy, including Nigeria.

Danbatta stated that countries and societies have evolved by finding new ways of doing things to ensure economic sustainability, which has led to the first, second and third industrial revolutions.

“Currently, countries are exploiting the 4IR in order to diversify their economies.

“The fourth industrial revolution, which has also been referred to as 4IR or Industry 4.0, describes the age of intelligence and encompasses technologies like  high-speed mobile Internet, Artificial Intelligence (AI), automation, the use of big data analytics and cloud computing,” he said.

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Danbatta, also emphasized that the 4IR is the information and digital economy age, which, if properly enhanced and exploited, can unleash a new phase of massive revenue generation and wealth creation for Nigeria in the post-oil era.

“This is because while natural resources such as oil, gas, and so on, are finite, data and information are infinite.

“Furthermore, the possibilities provided by the 4IR are limitless and can generate employment for Nigeria’s teeming youth population Therefore, in order to achieve economic growth using the 4IR there is the need for ethical leadership,” he said.

Zeroing on the centrality of ethical leadership in the public sector, Danbatta said in order to achieve national sustainability in the post-oil Nigerian economy, the highest standard of ethical leadership is required of all leaders especially in the public sector.

“Ethical leadership is essential for sustainable development of a Country.

“Nurturing an ethical leadership culture is essential and this will determine the transformation and overall development of the Country.

“Nigeria stands at the threshold of history and would definitely need ethical leaders to ensure sustainability in the post-oil era as government takes positive steps to diversify the economy,” he added.

The IoD Nigeria Annual Directors’ Conference is the Institute’s flagship event, which is attended by captains of industry and directors in both private and public sectors of the Nigerian economy.

It is a forum where contemporary issues affecting leadership and corporate governance of Nigeria’s businesses are x-rayed and global best practice solutions provided by professionals and practitioners in corporate administrations.

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EFCC Grills Rabiu Kwankwaso

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Rabiu Kwankwaso

Nasiru Yusuf

The Economic and Financial Crimes Commission (EFCC) on Saturday grilled former governor of Kano State, Rabiu Musa Kwankwaso over allegations of abuse of office, diversion of public funds and fraudulent allocation of government properties to cronies.

KANO FOCUS reports that Kwankwaso, a chieftain of the Peoples Democratic Party, was first invited by the EFCC in September but failed to honour the invitation as reported by Channels TV.

An associate of the politician informed Channels Television that Kwankwanso may have been invited in relation to a petition by some retired employees of the Kano State Government.

The retired employees had told the EFCC that the former governor mismanaged pension remittances to the tune of N10 billion between 2011 and 2015, to fund a housing project for his cronies.

EFCC spokesperson, Wilson Uwujaren did not comment on the interrogation of the former governor when contacted on Saturday.

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Crisis rocks Kano APC as Ganduje, Shekarau hold parallel Congress

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Aminu Abdullahi

Crisis rocked Kano chapter of All Progressive Congress (APC), as Governor Abdullahi Umar Ganduje and faction loyal to former governor of Kano and serving Senator Ibrahim Shekarau held parallel state congress.

KANO FOCUS reports that while Ganduje group held their congress at Sani Abacha stadium, faction loyal to Shekarau had their own at Janguza town, Tofa local government area.

Ganduje’s led group endorsed Abdullahi Abbas as state chairman of APC for a second term in a consensus arrangement, while the faction loyal to Shekarau announced Ahmadu Haruna Zago as newly elected chairman of APC in Kano state.

Reports shows that the security have earlier disrupted Shekarau’s camp congress at Sani Abacha youth centre and sealed the premises before they moved to Janguza where they held the election.

Below are some pictures of the parallel Congress.

Governor Abdullahi Ganduje while voting at Sani Abacha stadium

 

Governor Abdullahi Ganduje with APC chieftains

 

Delegates at Sani Abacha stadium

Ballot box

Factional chairman of Kano APC Ahmadu Haruna Zago

Ahmadu Haruna Zago and Abdilkadir Jobe

APC factional congress at Janguza

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NCC moves to address poor network service at densely populated Kano markets – Prof Danbatta.

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Prof. Umar Garba Danbatta

Nasiru Yusuf

 

The Executive Vice Chairman of the Nigerian Communication Commission (NCC) Umar Garba Danbatta says the commission will address the poor network at Kantin Kwari, Sabongari Singer and Kurmi markets.

KANO FOCUS reports that Danbatta announced revealed this while responding to complaint raised by a participant at a two day stakeholders consultative meeting tagged ‘talk to the regulator’ organised by Nigerian Communications Commission in Kano.

The complainer noted that that there is poor telecommunications service in Kantin Kwari, Sabongari, Singer and Kurmi markets in Kano metropolitan area.

Danbatta responded that the commission will deploy investigative team to determine the nature of the problem and proffer solution.

Prof. Umar Garba Danbatta

“We have the capacity to monitor the performance of MNOs, that is the most important thing. Because of this valid observation by our stakeholder, we are going to direct our searchlight in those areas where we think the quality of service needs to improve.

“And if it is necessary, we will send the investigative team what is the nature of the quality of service in such places with a view to improve the quality of the service,” Danbatta said.

The Executive Vice Chairman explained that the commission considers stakeholder feedback “as a critical component of our forward – looking regulatory model.”

Prof. Umar Garba Danbatta with senior management staff of NCC

“Hence, the overarching objective of this forum is to get direct feedback from our licensees on how we, as a regulator, are meeting your expectations, and on areas where we can improve our regulatory service, particularly those that have to do with licensing.

“We also intend to use this forum to seek your support for the several initiatives that the commission has carefully developed in our quest to enhance market opportunities for all our licensees.”

Danbatta added that the commission will focus it’s energies for the next five years on five strategic pillars.

Participants

The pillars according to him include “organisational renewal for operational efficiency and regulatory excellence.

“Facilitate the provision of infrastructure for a digital economy which fosters national development.

“Improve quality service (QoS) for enhanced consumer quality of experience (QoE).

“Promote fair competition, inclusive growth, increased investment and innovative services as well facilitate strategic collaboration and partnership.”

Participants

He disclosed that the federal government has articulated a number of critical policy objectives for the sector such as those articulated in the National Digital Economy Policy and Strategy (NDEPS), the Nigerian National Broadband Plan (2020-2025), the Revised National Digital Identity Policy for SIM Registration among others.

He added that the instruments require the full and unalloyed commitment of all stakeholders to ensure their successful implementation, and the meeting in Kano would provide a veritable channel for licensees’ buy-in.

Participants

In his address the Director of Licensing and Authorisation Department, Mohammed Babajika, said the commission is further liberalising the telecoms industry by finalising the framework for Mobile Virtual Network Operators (MVNOs) and is currently reviewing existing regulations.

“The Commission is also finalising the Information Memorandum (IM) for 5G deployment, emerging trends like Internet of Things (loT), Artificial Intelligence (AI), Over The Top (OTT) Services and Big Data Analytics, all aimed at initiating strategies to improve service delivery that is accessible and affordable.

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