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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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20 year old man drowns in Kano pond

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Nasiru Yusuf

A Twenty year-old man, identify as Safiyanu Mustapha has drowned inside pond in Gaida, Kumbotso Local Government Area of Kano State.

Kano Focus gathered that circumstances surrounding Mustapha’s death was still under investigation.

The Public Relations Officer, Kano State Fire Service, Saidu Muhammed who confirmed the development to Kano Focus on Tuesday, said the victim was rescued and later confirmed dead.

Mr Muhammad said, “We received a distress call at about 07:50am through Malam Kabiru Hashimu in Gaida, Kumbotso Local Government area notifying us of the incident.

“Upon receiving the information, we dispatched our team to the scene of incident who discovered that it was a man of about 20 years, by name Safiyanu Mustapha that fell inside a pond.

“Victim was rescued and later confirmed dead.

“We handed the corpse to the village head of Challawa, Alhaji Yahaya Zangina for funeral.

“Cause of incident is under investigation,” Muhammad said.

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FG registers 500,000 farmers in Kano – Nanono

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Sabo Nanono and Nasiru Gawuna

Nasiru Yusuf

The federal ministry of agriculture and rural development has registered over five hundred thousand farmers in Kano state.

Kano Focus reports that the minister of agriculture Sabo Nanono revealed this on Monday, while flagging off the National trans – boundary aerial pest control exercise held at the Mallam Aminu Kano International Airport,Kano.

The minister said the ministry has so far registered over five million farmers in the country.

He maintained that the President Buhari administration has initiated many interventions in agricultural sector to cushion the impact of COVID-19 pandemic and ensure socio-economic development.

He explained that the 2020 dry season control of migratory pests is conducted in 12 front line states to address the challenge being face in the sector over the years.

“The federal ministry of agriculture and rural development has so far registered over 5 million farmers in the country country out of which over 500,000 are from Kano. The data gathered would help in proper documentation and ensure smooth running of agricultural activities.

“Due to the destructive effects of these pests especially on cereal crops, the federal government through the federal ministry of agriculture and rural development has been inundated with requests by state governments to carry out aerial and ground control operation against the pests in order to salvage the expected rice bumper harvest,” Nanono said.

He however acknowledged the tremendous contribution of Kano state government to the development of agriculture adding that with cooperation among stakeholders all obstacles that will endanger food and nutritional security can be eliminated in the country.

In his address the governor of Kano State, Abdullahi Umar Ganduje said the control of migratory pests that attack and destroy cereals particularly rice, millet and wheat is meant to prevent loss of the crops.

According to him, the measure is in line with the federal and state government policy of agricultural transformation aimed at boosting production for food security and economic stability.

The governor represented by his deputy Nasiru Yusuf Gawuna said “Control of Quelea birds results in increase in yield of many crops per hectare and quantity of various agricultural produce we export as well as ensure safer and higher productivity.”

While appreciating the effort of the federal government for conducting aerial operation against the migratory birds in Bagwai, Bebeji, Bunkure, Garun Malam, Kura, Makoda, Rano and Warawa, the governor advised the federal ministry of agriculture and rural development to provide nets to the farmers, destroy roosting sites and ensure use of resistant varieties of the affected crops.

The Governor and the Minister later inspected the Flight demonstration of aerial pest control by AZMAN Group at the airport.

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Kano Assembly approves Ganduje’s request of N20b loan

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Nasiru Yusuf

Kano State House of Assembly has approved  Abdullahi Ganduje’s request to access N20 billion loan from the Central Bank of Nigeria (CBN) and United Bank for Africa (UBA).

Kank Focus reports that the assembly approved the request during its plenary on Monday after the Speaker, Abdulazeez Garba Gafasa read the letter received from Ganduje seeking their consent to access the loan.

After a series of deliberations, the lawmakers unanimously agreed and approved the request.

Shedding more light to newsmen on the facility, the Majority of the assembly, Kabiru Hassan Dashi said the loan was to cover up the economic breakdown occasioned by the COVID-19 pandemic.

Hassan-Dashi added that the assembly considered the governor’s request after having challenges to access it from the capital market due to worsening economic conditions.

Similarly, during the plenary, a member representing Kunchi/Tsayawa constituency, Garba Ya’u Gwarwai apologised to the assembly on behalf of the five of them suspended on March 2020.

Kano Focus recalled that the five lawmakers were suspended by the house for allegedly causing a rowdy session, But the lawmakers ran to court, and the court ordered for their reinstatement.

According to Ya’u Gwarmai, “we are apologizing in order to allow for peace to reign in the assembly, therefore I am apologizing on behalf of my other colleagues.”

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