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Elumelu urges US Congress to pass the Electrify Africa Act

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Mr. Tony Elumelu, Chairman, Heirs Holdings and Founder Tony Elumelu Foundation has called on the United States Congress to pass the ‘Electrify Africa Act’ stating that the passage in to law would make a world of difference in Africa.

“When you leave this place call your Representatives and the leadership of the House and ask them to pass the bill” Elumelu urged members of the packed audience.

The bill which would preserve and expand President Barack Obama’s Power Africa Initiative by codifying access to electricity as a U.S. foreign policy priority for Africa has already been passed by the U.S. Senate and is expected be voted on by the U.S. House of Representatives next week.

Speaking at the Mariott Hotel in Washington D.C; venue of the “Power Africa Summit” on Thursday, January 28, 2016, Elumelu commended President Obama for working through the Power Africa Initiative to mobilize the private sector to invest $43 billion in the African power sector.

According to Mr. Elumelu, Africa must win the energy challenge if it seeks to become an industrial power in the 21st century, noting that “power outages on the continent must spark power outrages. The kind of outrage that ignites the activist in us”

Elumelu’s Heirs Holdings; a propriety Investment company, through Transcorp Power Limited has committed $2.5 billion to deliver 2,000 megawatts of electricity under the Power Africa Initiative. Already Transcorp Power is currently generating about 19% of Nigeria’s power needs with a target to increase capacity to 25% in the near future.

“Power cuts across and has impact on healthcare delivery, job creation, education, food security communications and all other sectors of the economy. It is unacceptable that 600 million Africans lack access to energy in the 21st century” Elumelu said.

The call in Washington DC, follows the joint letter to the U.S. Congress from Elumelu and President of Dangote Group, Mr. Aliko Dangote, on behalf of the African Energy Leaders Group (AELG), which they co-founded with other leaders in January 2015. The letter, similarly urged members of the U.S. House of Representatives to act swiftly and pass this critical piece of legislation to scale up U.S. efforts to help provide Africans with access to electricity.

In continuation of his advocacy for Africa, Elumelu also testified before the U.S. International Trade Commission on ‘The Future of the U.S.-Africa Trade and Investment Relationship’ on the same day. Chaired by Ambassador Michael Froman, the US Trade Representative, the Hearing is part of efforts by the U.S. government to put building blocks in place for the next phase in its economic relationship with Africa.

As a recognized African business and thought leader, Elumelu was invited to share ideas on how to enhance the U.S.-Africa trade and investment relationships beyond the preferential access to the U.S. market for Africa’s products under the African Growth and Opportunity Act (AGOA), to other tools like free trade agreements and investment treaties among others.

Speaking at the Hearing, Mr. Tony Elumelu said Africa does not need another trade agreement or preferential program and called for a new trade paradigm in the trade and investment relationship with Africa. He said “It is time to move beyond the unequal exchange of cheap raw materials for expensive finished goods that disadvantages Africa, to one that ensures technology transfer and sustainable economic development, huge economic returns for investors and creates new jobs for both sides.”

He proposed three approaches to achieving this; applying the principles of Africapitalism; focus on identifying and enabling specific value chains and promoting entrepreneurship. “Africapitalism can help shape the new trade paradigm because it requires governments, donors and the private sector to work together in “Shared Purpose” to ensure the creation of national plans and supporting policies around specific sectors and related targets, so the private sector can step in with capital and expertise geared to achieve those targets, be they tons of grain produced, megawatts of electricity generated or industrial parks created” he stated.

Apart from Elumelu, testimonies were also taken from Mr. Donald Kaberuka, Former President of the African Development Bank, Mr. Jim Kolbe, President JTK Consulting, Mr. Tom Hart, Executive Director, One Campaign and Mr. Scott Eisner, President U.S. Chamber of Commerce. Others included Senator Johnny Isakson, who said that AGOA has become a win-win for the U.S. and Africa, disclosing that a South African market for poultry products was opened from his home state of Georgia and Delaware on account of it.

Whilst stating that “Africa needs America, just as much America needs Africa” Froman in his remarks at the Hearing, said Africa’s next decades will be central to the global economy due to the rising number of African consumers. To shape the next American policy of engaging with Africa, he said the Office of the U.S. Trade Representative is talking with its African partners, with industry and civil society, with academia and the investor community, with foundations in the U.S. and Africa on the path forward.

“This input is critical as we prepare a public report for delivery to Congress in June this year that will layout a set of options and road maps for advancing the US-Africa trade and investment agenda” concluded Ambassador Froman.

Elumelu’s engagements in the U.S. comes after the recent visit by a delegation of members of Obama’s Presidential Advisory Council on Doing Business in Africa (PAC-DBIA), along with representatives of several U.S. government trade and investment-focused agencies. Led by the Honourable Penny Pritzker – U.S. Secretary of Commerce, they were on a fact-finding mission to Africa to inform their report to the U.S. President on recommendations to strengthen commercial engagement between the U.S. and Africa, which will result in mutually beneficial growth.

Elumelu hosted the delegation in Lagos, provided them an opportunity to interact and hear directly from young aspiring entrepreneurs drawn from the Tony Elumelu Entrepreneurship Programme (TEEP); an audacious initiative that provides seed capital, training, mentorship and a networking platform for 10,000 African entrepreneurs over a 10 year period. Endowed with $100million by the African Philanthropist, the programme, which commenced last year with 1000 beneficiaries, is currently in its second year with another 1000 beneficiaries from Africa, scheduled to participate and benefit from the novel entrepreneurship development program in 2016.

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Olota, Oba Professor Adeyemi Obalanlege, visits rainstorm-affected areas in Sango-Otta

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In the wake of a destructive rainstorm that struck Otta and its environs on Sunday, April 21, 2024, His Majesty, Kabiyesi Olota, Oba Professor Adeyemi Abdukabir Obalanlege, has demonstrated exemplary leadership by conducting an on-the-spot assessment of the affected areas.

 

Residents of Sango Otta awoke to a scene of chaos and distress as fallen power poles littered the roads, creating hazardous conditions for motorists and pedestrians alike.

 

Recognizing the urgent need for assistance, the Olota wasted no time in mobilizing efforts to provide support and relief to the affected communities.

 

In a statement released by Afin Olota Ile Awori and signed by the Olota’s personal assistant, Prince Adeyemi Sulaimon Olusesi, His Majesty expressed deep concern over the plight of those whose properties and livelihoods were impacted by the storm.

 

Describing the situation as “worrisome and sad,” particularly in light of the prevailing economic challenges facing the nation, the Olota extended his heartfelt sympathies to all affected individuals and families.

 

Furthermore, the Olota urged the government to take immediate action to address the aftermath of the storm and prevent similar occurrences in the future.

 

Emphasizing the importance of swift intervention, His Majesty called upon relevant authorities to prioritize the restoration of essential services and infrastructure in the affected areas.

 

Acknowledging the efforts of security agencies, notably the Traffic Compliance and Enforcement Corps (TRACE), and other stakeholders who promptly responded to the crisis, the Olota expressed gratitude for their commitment to assisting the affected communities.

 

The referred monarch also offered prayers for divine intervention, invoking the mercy of Eledumare for those directly and indirectly impacted by the disaster.

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Build a fabulous, all-year round wardrobe without breaking the bank – By Kunle Bakare (KB)

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Let’s begin with Brioni today. And learn from the hugely successful Italian brand established in 1945 by two friends. The fashion house coveted by style cognoscenti has one of the most apt slogans we know: ‘to be one of a kind’.

 

‘To be one of a kind,’ unique and uncommon are the attributes of all human beings (when we deploy the traits that differentiate us, like our fingerprints prove).

 

And for style, those who constantly upgrade and elevate their duds and accessories acknowledge the importance of creating an exceptional, distinctive (but not flamboyant and loud) dress sense.

 

They fill their wardrobes with extraordinary winners that give them immeasurable pleasure. Their garments and all the pieces that elevate them heavenwards are objects of desire that amplify the best version of themselves.

 

So, to build a wardrobe that fits your personae, presents your best version, credits your account with regular dividends and high returns on investment is a meticulous and painstaking process. Forever appearing well-put-together—at work and at play, at home or out and about—demands a lot of smart thinking and action. Like the elongated shadow behind the luxury label Sofisticat, Mr Lanre Ogunlesi—whose role as a forerunner who cleared, toiled and paved the path legions are proud to prance on—constantly proclaims, ‘dressing well requires a lot of preparations.’

 

And here are some of the ways you can build a remarkable wardrobe without spending a fortune:

 

1. First, acknowledge and note the activities that are important to you.

a. How and where do you spend your week?

b. What’s the dress code at work?

c. How do your most successful partners, associates and colleagues dress?

d. How do you spend your evenings and weekends?

e. Which other activities dominate your calendar?

 

2. Priotise these activities.

Which engagements are crucial, that are important and improve your earnings (in the long run), dispense the greatest pleasure, boost your well-being and promote your mental health?

 

3. Analyse the one that takes up the most time.

Which engagement takes up the highest percentage of your time?

 

4. Now list the apparels that should populate the most engaging activities that improve your earnings and multiply your pleasure.

 

To build a special wardrobe demands enormous time, energy and resources. And the passion and will that surpass distraction and disappointment.

 

What you do—your profession and how you dress to earn your living—is paramount when you are building a wondrous wardrobe. The uniform of your occupation, the dress code permitted for your livelihood takes the prime spot. Since this engagement dominates your week (from five to six days), your wardrobe should be mostly filled with work clothes that should last for two weeks, at least—far more if your means permits—without repetition. If you master how to mix and match and coordinate, it’s possible to stretch the same items for many more days.

 

Also consider engagements that litter your evenings and weekends. The events you attend and places you worship, socialize and unwind. For these activities, start with a dozen ensembles, which you build gradually, and then expand later.

For these solemn moments, lively soirées and exciting shindigs you will require top notch attires that best represent who you are. More so, your worship ensembles—whatever faith you profess or conviction you cherish—should be the best you can afford in formal mode tilting to high elegance in consonance with what your leaders recommend.

 

For very special occasions, it might be best to make (get) new attires.

 

Before you begin assembling these togs, you should also:

 

*Decide where you want to perch on the style ladder: of course, towards the top of the Richter scale of elegance!

 

*Decide the style that warms your bosom, agrees with your persona and fits your pocket: from minimalist to the exuberantly joyful (without the gaudy factor)!

 

*Carefully pick tailors, designers and outlets that serve your style best. Take time to research and locate them in your town or farther afield.

 

Once you are clear about where you are going, do an audit of your current wardrobe and retain only items that fit your plans and aspirations. Discard everything else!

 

Choose clothes and accessories that work together (as interchangeable separates), complimentary colours and styles—and acquire heartwarming and exciting pieces for the wardrobe that will serve you for years.

 

Your wardrobe—to serve your objectives and take you far—should represent the slow fashion ethos. Classic, durable, ethically produced and sustainable fabrics in modes devoid of trends and what’s in vogue. And Brunello Cucinelli—the 70 year-old flag bearer of quiet luxury whose restoration efforts in Solomeo (Italy) is a ‘tribute to human dignity’—readily comes to mind.

 

Note: it takes time to build anything worthwhile (even if money was no object). Test what works unhurriedly, step by step and settle for what fits your future self. Upgrade as your knowledge increases and your pocket swells.

 

What’s more, you should take good care of your apparels. They will serve you better and longer. For example, don’t iron wool and delicate fabrics directly. Buy the most functional steam iron you can afford. You should also own a garment steamer. Don’t wear shoes two days in a row. Rotate! Stock shoe care products and use them.

 

Get a good, dependable and experienced dry cleaner and laundryman. Your clothes will thank you and serve you for years.

 

And don’t forget: dry clean your garments occasionally. The chemicals used in dry cleaning damage clothes. Instead, rotate, air, iron, steam, buff and polish your clothes and shoes— and keep them in breathable bags in cool spots.

 

You may also consider stylists or wardrobe consultants (they will save you time, energy and money eventually).

 

-Kunle Bakare for Omoluwabi by KB (19.04.2024)

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Boosting Health Access: Lasaco Assurance Supports NYSC Corps Members’ Health Mission”

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Insurance underwriter, Lasaco Assurance Plc, has donated health recovery items to support the Health Initiative Programme of the National Youth Service Corps members serving in the Ifako Ijaiye Local Government area of Lagos State.

A statement from the firm said that the donation was to boost health development in the country.

 

Some Corps members, under the aegis of Local Government Initiative, for their first quarter Health Initiative, embarked on a project to provide health services to rural dwellers, whose access to quality health services was limited due to poverty, ignorance and superstition.

 

Lasaco Assurance supported the corps members to reach the target audience and help them overcome their difficulties in accessing quality health.

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The company’s Head of Corporate Communications, Seye Smart, who represented the Head of Strategy, Research and Communications, Dayo Adetokun, at the presentation of the gift items to the corps members, emphasised the importance of exposing the citizens to quality health and safety as that would improve their capacity, make them function well and prolong their life expectancy.

 

A healthy citizen, she explained, would contribute meaningfully to the growth of society and be useful for the development of humanity.

Leader of the LGI team, Bose Ojimi, said the programme was the group’s modest contribution to the country’s quest for improved health and safety for Nigerians and hoped that other corporate organisations would follow in the footsteps of Lasaco Assurance to offer necessary assistance to the people.

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