I’ve always thought that promotions were largely based on how hard you worked, or how long you’ve been at a company. While those two qualities may play a role in someone moving up the corporate ladder, I recently learned that bosses often look for something more subtle as the deciding factor.
I chatted with Bill George, a Harvard Business School executive fellow and former CEO of health-care company Medtronic, who told me the top traitleaders look for when considering employees for a promotion is someone who guides and inspires their team.
People who “focus on doing an outstanding job in leading [their] team” are in the best position to get promoted, George says. Great employees don’t boss their co-workers around — they excel at building trust with the people around them, which requires a certain amount of self-awareness to achieve, he adds.
You can build that self-awareness by reflecting on your strengths, getting feedback from your manager and co-workers, and using those takeaways to hone your skills as a leader, Juliette Han, a Harvard-trained neuroscientist, told CNBC Make It in 2023.
The more self-aware you are, the more “your leadership will be authentic and people will naturally want to associate with you,” George wrote in his 2022 book, “True North: Emerging Leader Edition.”
With this in mind, I plan to be more proactive about contributing new ideas at work and building intentional relationships with my colleagues. Making time for coffee and conversation with your peers is difficult, especially with a stacked schedule, but according to George, these connections are crucial.

CNBC

Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn loans to address the challenges facing Internally Displaced Persons and their host communities, as well as bolster rural access and agricultural marketing in the country.

The request is contained in World Bank documents titled, ‘Solutions for the Internally Displaced and Host Communities Project’ and ‘Rural Access and Agricultural Marketing Project – Scale Up.’

While the IDP loan is put at $500m, the rural access and agricultural marketing project loan is estimated at $550m.

According to the documents provided on the bank’s website, the IDP initiative is meant to improve access to resilient and inclusive basic services and economic opportunities for IDPs and their host communities in displacement-affected local government areas in the northern part of the country.

The Solutions for the Internally Displaced and Host Communities Project, estimated for an appraisal date of February 11, 2025, and slated for approval on April 8, 2025, represents a targeted effort to improve the lives of millions affected by internal displacement due to conflict, violence, and climate challenges.

The Washington-based lender added that the Federal Ministry of Budget and Economic Planning would act as the borrower for Nigeria, while the National Commission for Refugee Migrants and Internally Displaced Persons and the North East Development Commission are the implementing agencies.

A breakdown of the funding showed that $30m was proposed to be spent on the project management and support for the implementation of the national policy while $120m will be expended on community development, income-generating opportunities, and social cohesion.

Also, strategic investments for climate-resilient economic development will gulp $320m and $30m on strengthening state and LG institutions for improved service delivery.

The document from the Washington-based lender read, “The proposed project will utilise a three-pronged approach to develop sustainable solutions for IDPs and host communities in Northern Nigeria. First, the proposed project aims to provide tailored solutions for each of the targeted states and communities, recognizing that each internal displacement situation is specific and localised, with conflict, violence and/or climate challenges presenting a different level and set of vulnerabilities for host communities.

“Gender, age, and special needs of individuals also play a role, as well as the length of displacement, number of times displaced and other factors. Thus, responses will be adapted to address the specific needs of vulnerable populations within displacement-affected states and communities. Second, the proposed project will follow a “People-in-Place” approach, integrating the needs of the people and the impacts on the place where they settle.

 “Project activities will aim to improve the provision of infrastructure and basic services as well as livelihood opportunities in an integrated way, moving beyond capital investments to supporting operational improvements and sectoral reforms, and fostering income-generating opportunities within host communities.”

According to a review by a World Bank team, Northern Nigeria, especially in the states of Borno, Adamawa, and Yobe, has experienced the highest numbers of internally displaced persons.

This is primarily due to the ongoing conflict involving Boko Haram, as well as other factors such as banditry and conflicts between farmers and herders, leading to the displacement of over 3.5 million people.

Borno State alone hosts nearly 1.7 million IDPs, which is over a quarter of its total population and almost half of the total IDP population in Northern Nigeria.

The bank said “Nigeria is considered an FCV country and has one of the largest and fast-growing populations of internally displaced persons in the world, as a result of conflict and natural events. In Northern Nigeria alone, conflict and violence have led to the displacement of over 3.5 million people.

“Over 65 per cent of IDPs in Northern Nigeria are in the NE region (approximately 2.3 million IDPs as of June 2023) 5 and 95 per cent of them are in Borno, Adamawa and Yobe (the “BAY states”). Borno, which has been the epicentre of fighting involving Boko Haram since 2014, hosts the highest number of IDPs of any state in the North, with nearly 1.7million IDPs, representing over a quarter of the state’s total population and almost half of the total IDPs in the North.”

The bank added that the inflow of IDPs had put additional pressure on already strained and obsolete infrastructure and services in the host communities highlighting that, “In Maiduguri, IDP inflows have put serious pressure on water supply and sanitation infrastructure and services already under strain before 2014. Due to the inflow of IDPs, daily solid waste generation increased from an estimated 390 tons to 570 tons per day. Solid waste management in Maiduguri is insufficient, with over 60 per cent of residents lacking access.”

The situation is further compounded by the weakening of poverty reduction efforts due to the conflicts and increasing climate shocks, making Nigeria one of the countries with the largest and fastest-growing IDP populations worldwide.

The World Bank’s intervention through the requested loan aims to mitigate the effects by fostering economic opportunities and improving access to basic services, thus contributing to a more stable and prosperous future for IDPs and their host communities in Nigeria.

The recent development suggests that Nigeria’s debt could rise further.  It is understood that most of the current foreign loans had been initiated under the former administration of President Muhammed Buhari, Nigeria’s total debt as of the end of September 2023 was N87.91tn, according to data from the Debt Management Office.

Breakdown of this debt revealed total external debt as N31.98tn ($41.59bn) and total domestic debt of N55.93tn.

In June, the international financial institution approved the first loan of $750m for Nigeria under President Bola Tinubu’s government to boost the country’s power sector through the Power Sector Recovery Performance-Based Operation. The loan is financed by the International Bank for Reconstruction and Development, which would provide $449m, and the International Development Association would provide $301mn.

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, recently said that the Federal Government was in talks with the World Bank for a $1.5bn loan to support the budget and provide liquidity in the forex market.

Meanwhile, the Federal Government is on the verge of securing $500m loan from the World Bank to bolster rural access and agricultural marketing in the country.

The new loan project, with an estimated appraisal date of July 16, 2024, is expected to receive board approval on November 28, 2024.

According to information obtained from the bank, this initiative dubbed the Rural Access and Agricultural Marketing Project – Scale Up, is designed to bridge the gap between rural communities and the broader marketplace, facilitating smoother access to agricultural markets, schools, and hospitals and promoting social cohesion among rural populations.

Although the project is estimated to cost $550 million, the World Bank is offering a commitment amount of $500 million. The new commitment amount is 79 per cent higher than the initial World Bank commitment amount of $280 million for the parent project.

The Federal Ministries of Agriculture and Rural Development is designated as the lead coordinating body, with support extended by various State Ministries, Departments, and Agencies, including those focused on Works, Environment, and Women’s Affairs.

The RAAMP-SU project aims to enhance the infrastructural and institutional framework necessary for developing, maintaining, and managing Nigeria’s rural road network with implementation planned to begin in the fiscal year of 2025.

The RAAMP-SU initiative extends the scope of the original RAAMP project to encompass additional states previously omitted due to fiscal constraints resulting from inflation and currency fluctuations. Its primary focus lies in enhancing connectivity and bolstering transport infrastructure, aiming to establish direct links between rural communities and crucial agro-logistics hubs, as well as essential social amenities.

The scale-up emphasises not only the physical construction of rural access roads but also the institutional fortification through the establishment of operational Rural Access Road Agencies and State Road Funds, the implementation of Road Asset Management Systems, and the enhancement of road safety management protocols.

Moreover, the project is expected to boost digital outcome monitoring, skill development for rural road management, and the creation of gender-targeted opportunities, reflecting a comprehensive approach to rural development.

With a previous World Bank funding commitment of $280m out of a $575m total project cost, the fresh funding seeks to escalate the project’s impact from 19 to all 36 states of Nigeria, heralding a new era of rural development and agricultural efficiency.

W’Bank seeks funding

Meanwhile, the World Bank’s International Development Association is seeking a record financing haul to tackle mounting debt and climate crises.

A report by the Financial Times on Sunday said that there was an urgent need for increased funding to tackle the twin challenges of spiralling debt and crisis caused by climate change.

Head of resource mobilisation at the bank, Dirk Reinermann, emphasised the urgent need for the International Development Association to secure its “most substantial replenishment ever” in financial resources.

This replenishment is crucial to facilitate the provision of affordable loans and grants to 75 developing countries.

According to the report, Reinermann did not specify a target, but IDA during its last round of fundraising in 2021 raised about $23.5bn from donor countries. That sum was raised to $93bn after tapping capital markets.

A wave of sovereign debt crises and costs related to mitigating the effects of climate change will require big increases in development funding, analysts said, at the same time as elections and cuts to aid budgets limit the spending appetites of IDA’s biggest donor nations such as the US and UK.

 “Some of its biggest traditional donors have stuff going on that makes it harder for them to cough up larger amounts [for IDA],” said a senior fellow at the Center for Global Development think-tank, Charles Kenny.

IDA, which has $235bn of total assets, is seen by governments and policy groups as one of the most effective aid providers in the global fight against poverty, both because it can leverage capital markets to triple its annual windfall and give those funds to poor countries at concessional or marginal rates.

The fund “offers good value for money to donor countries, more than other grant-based facilities”, said a principal research fellow, Annalisa Prizzon, at development think-tank ODI.

IDA has to turn to richer countries to raise capital every three years because its assistance generates little financial return.

Many countries that face a debt crisis will have to pay back more to existing lenders and bondholders than they will receive in new loans. China, a major bilateral creditor, has stepped back from lending, reducing another source of funding for IDA recipient countries.

“Because of the macroeconomic environment, more countries are in difficult economic situations, meaning that they get IDA funding at concession [rates], requiring IDA to deploy more strategic capital,” Reinermann said.

According to Reinermann, this increased line of funding is set to cause IDA to reach the leverage ceiling imposed by its triple-A credit rating sooner than expected.

When IDA raised donor money in 2021, “the zero point for being able to fully leverage our capital at triple-A was in 2034,” he said.

Punch

At least 14 people have been reportedly kidnapped by gunmen in Dogon Noma community, Kajuru LGA of Kaduna state.

The gunmen were said to have invaded the community early Saturday morning before abducting the locals.

Condemning the abduction on Sunday, Usman Stingo, lawmaker representing Kajuru at the Kaduna house of assembly, said the community has been under constant attacks by bandits.

“The bandits invaded the community on Saturday at about 5:45am and kidnapped 14 people while one person was seriously injured,” the legislator said.

“The attacks on our community have been persistent since 2019 and there seemed to be no end.”

The lawmaker said the government has not shown the political will to end gunmen attacks and abductions of villagers.

“If the government has the political will to end it, soldiers will clear the bandits from their hideouts in the bushes within a few days,” he said. 

“In 2019, the bandits killed 71 people in just one day. In 2022, they abducted 28 people in the community after killing 32 people in one day. We had to pay the ransom with difficulties.”

The north-west state has experienced frequent attacks and kidnappings by gunmen in recent times.

Last Monday, bandits abducted about 61 persons in Buda community under Kajuru LGA of Kaduna state.

On March 7, over 200 students and pupils were kidnapped after bandits attacked Government Secondary School Kuriga, Chikun LGA of the state.

In February, six people were killed when bandits invaded Kwasam community, Kauru LGA of Kaduna.

Zakariya Markus, a retired director of the Central Bank of Nigeria (CBN), was abducted in the attack.

The Cable

Netanyahu snaps back against growing US criticism after being accused of losing his way on Gaza

Israeli Prime Minister Benjamin Netanyahu railed Sunday against growing criticism from top ally the United States against his leadership amid the devastating war with Hamas, describing calls for a new election as “wholly inappropriate.”

In recent days, U.S. Senate Majority Leader Chuck Schumer, the highest-ranking Jewish official in the country and a strong Israel supporter, called on Israel to hold a new election, saying Netanyahu had “lost his way.” President Joe Biden expressed supportfor Schumer’s “good speech,” and earlier accused Netanyahu of hurting Israel because of the huge civilian death toll in Gaza.

Netanyahu told Fox News that Israel never would have called for a new U.S. election after the Sept. 11 attacks in 2001, and denounced Schumer’s comments as inappropriate.

“We’re not a banana republic,” he said. “The people of Israel will choose when they will have elections, and who they’ll elect, and it’s not something that will be foisted on us.”

When asked by CNN whether he would commit to a new election after the war ends, Netanyahu said: “I think that’s something for the Israeli public to decide.”

The U.S., which has provided key military and diplomatic support to Israel, also has expressed concerns about a planned Israeli assault on the southern Gaza city of Rafah, where about 1.4 million displaced Palestinians are sheltering. The spokesman for the National Security Council, John Kirby, told Fox the U.S. still hasn’t seen an Israeli plan for Rafah.

The U.S. supports a new round of talks aimed at securing a cease-fire in exchange for the return of Israeli hostages taken in Hamas’ Oct. 7 attack.

The Israeli delegation to those talks was expected to leave for Qatar after Sunday evening meetings of the Security Cabinet and War Cabinet, which will give directions for negotiations.

Despite the talks, Netanyahu made it clear he would not back down from the fighting that has killed more than 31,000 Palestinians, according to Gaza health officials. More than five months have passed since Hamas attacked southern Israel, killed 1,200 people and took another 250 hostage.

Earlier Sunday, Netanyahu said calls for an election now — which polls show he would lose badly — would force Israel to stop fighting and paralyze the country for six months.

Netanyahu also reiterated his determination to attack Hamas in Rafah and said that his government approved military plans for such an operation.

“We will operate in Rafah. This will take several weeks, and it will happen,” he said. The operation is supposed to include the evacuation of hundreds of thousands of civilians, but it is not clear how Israel will do that.

Egyptian President Abdel Fattah el-Sissi reiterated his warning that an Israeli ground offensive in Rafah would have “grave repercussions on the whole region.” Egypt says pushing Palestinians into the Sinai Peninsula would jeopardize its peace treaty with Israel, a cornerstone of regional stability.

“We are also very concerned about the risks a full-scale offensive in Rafah would have on the vulnerable civilian population. This needs to be avoided at all costs,” European Commission President Ursula von der Leyen said after meeting with el-Sissi.

And German Chancellor Olaf Scholz, after meeting with Netanyahu on Sunday, warned that “the more desperate the situation of people in Gaza becomes, the more this begs the question: No matter how important the goal, can it justify such terribly high costs, or are there other ways to achieve your goal?”

Germany is one of Israel’s closest allies in Europe and, given memories of the Holocaust, often treads carefully when criticizing Israel.

Irish Prime Minister Leo Varadkar, in Washington for St. Patrick’s Day, said during a White House reception that the Irish people were “deeply troubled” by what’s unfolding in Gaza. He said there was much to learn from Ireland’s peace process and the critical U.S. involvement in it.

Varadkar said he’s often asked why the Irish are so empathetic to the Palestinians.

“We see our history in their eyes. A story of displacement, dispossession, and national identity questioned and denied forced emigration, discrimination and now hunger,” he said.

Alon Pinkas, a former Israeli consul-general in New York and an outspoken critic of Netanyahu, said that the prime minister’s comments fit with his efforts to find someone else to blame if Israel doesn’t achieve its goal of destroying Hamas.

“He’s looking on purpose for a conflict with the U.S. so that he can blame Biden,” Pinkas said.

Both sides have something to gain politically from the dispute. The Biden administration is under increasing pressure from progressive Democrats and some Arab-American supporters to restrain Israel’s war against Hamas. Netanyahu, meanwhile, wants to show his nationalist base that he can withstand global pressure, even from Israel’s closest ally.

But pressure also comes from home, with thousands protesting again in Tel Aviv on Saturday night against Netanyahu’s government and calling for a new election and a deal for the release of hostages. Large parts of the Israeli public want a deal, fearing that hostages are held in poor conditions and time is running out to bring them home alive.

Israel’s offensive has driven most of Gaza’s 2.3 million people from their homes. A quarter of Gaza’s population is starving, according to the U.N.

Airdrops by the U.S. and other nationscontinue, while deliveries on a new sea route have begun, but aid groups say more ground routes and fewer Israeli restrictions on them are needed to meet humanitarian needs in any significant way.

“Of course we should be bringing humanitarian aid by road. Of course by now we should be having at least two, three other entry points into Gaza,” chef José Andrés with World Central Kitchen, which organized the tons of food delivered by sea, told NBC.

The Gaza Health Ministry said at least 31,645 Palestinians have been killed in the war. The ministry doesn’t differentiate between civilians and combatants in its count, but says women and children make up two-thirds of the dead.

Israel says Hamas is responsible for civilian deaths because it operates in dense residential areas.

The Health Ministry on Sunday said that the bodies of 92 people killed in Israel’s bombardment had been brought to hospitals in Gaza in the past 24 hours. Hospitals also received 130 wounded, it said.

At least 11 people from the Thabet family, including five children and one woman, were killed in an airstrike in Deir al-Balah city in central Gaza, according to the Palestinian Red Crescent Society and an Associated Press journalist. The body of an infant lay among the dead.

AP

RUSSIAN PERSPECTIVE

NATO has boots on the ground in Ukraine – Putin

It is no secret that NATO soldiers are present on the ground in Ukraine, Russian President Vladimir Putin has said, noting that those service members are facing extremely grim prospects.

Speaking to his supporters and reporters on Sunday night after the end of the presidential election, which he won by a landslide, Putin stressed that Moscow was well aware of the US-led military bloc’s push to deploy troops in Ukraine.

“We hear both French and English speech there. There is nothing good in this, first of all for them, because they die there and in large numbers,” he said.

He also weighed in on a potential full-scale conflict between NATO and Russia, warning that it could not be ruled out. “Anything is possible in the modern world… But everyone knows that this would be one step shy of a full-scale World War III. I don’t think that anyone is interested in that.”

French President Emmanuel Macron suggested last month that the West “cannot exclude” the possibility of sending soldiers to aid Ukraine. Later, he also described Russia as an “adversary,” insisting, however, that Paris is not “waging war on” Moscow.

Commenting on Macron’s remarks, Putin noted that while NATO troops in Ukraine are expected to act as an auxiliary force, helping Kiev train its military, “this is not much different from what mercenaries are doing there now.” Russia, he added, wants France not to escalate the conflict but to help find a peaceful solution to hostilities.

WESTERN PERSPECTIVE

Ukraine says Russian missile attack kills one, injures 8 in Mykolaiv

A man was killed and at least eight people were wounded in a Russian missile attack on the Black Sea port city of Mykolaiv on Sunday, Ukrainian officials said, after an overnight strike on Odesa on the last day of Russia's presidential election.

Mykolaiv's regional governor, Vitaliy Kim, said on Telegram that said there had been two strikes on Mykolaiv from the same direction as the strike on Odesa, adding that a man born in 1974 died in hospital and the injured included a girl born in 2013.

Ukraine's ministry of internal affairs shared images of damaged houses, wrecked or burnt-out cars, including one with a pair of abandoned shoes and other damaged items strewn on the ground alongside its open driver's door, and rescue workers helping people leave the scene and dousing a blackened car.

"Police found an injured girl with shrapnel wounds who was given first aid on the spot and taken to hospital," the ministry said on its Telegram channel of the aftermath in Mykolaiv.

Separately, the Ukrainian military said Russian air attacks had damaged agricultural enterprises and destroyed several industrial buildings in the port city of Odesa.

Reuters could not independently verify the reports.

Ukraine's air force said Russia launched 16 drones and seven missiles and 14 drones were destroyed over the Odesa region.

Moscow has accused Kyiv of election sabotagewith days of strikes on Russian infrastructure, one of the most sweeping air operations on Russian territory since President Vladimir Putin ordered the invasion of Ukraine two years ago.

RT/Reuters

Last week, we read how the signs are not looking good for a nation like ours that wants to be reckoned with internationally. We concluded by asking the federal government to look at ways to reduce the cost of governance and the unimaginable take-home pay of political leaders and redirect the excess towards production. And we emphasised that we must become a productive nation that eats, drives and wears what it produces.

We also exhorted anyone genuinely interested in the welfare of workers, and of Nigerians, to proffer solutions that would boost our economy and strengthen our currency and not suggestions that would bastardise our economy and drive the naira’s value further down. And that salary increase at the moment will not help the economy.

The federal and state governments must also, as a matter of urgency, resuscitate moribund industries dotted across the landscape so as not to only galvanise production but to improve locally generated revenue. And because millions will get direct and indirect jobs if the moribund industries dotting all over the country become alive, the production of local materials will be boosted as there will be more buyers, leading to more employment.

Government, and here I mean the federal and state governments, must always be truthful and fair to the citizens. They must also make their agencies work. The government must let government function. In almost all cases, it is the government that makes government fail because the actors do everything from a prism of personal gain. Nothing about service anymore. Then there is the Nigerian syndrome of “Do you know who I am?”

I will give you an example. Just recently there was a furore that the Presidential Villa owed the Abuja Electricity Distribution Company ₦923 million, the Nigerian Police owed ₦1.4 billion and the office of the Central Bank Governor, ₦1.6 billion. Put together, the federal government and its agencies were indebted to the tune of ₦47billion. And, you see, God save any AEDC official who tries to disconnect power from Villa, Police Headquarters or CBN.

But every year there is money for the payment of NEPA bills in the government and its agencies’ budgetary allocations, so why should the bills accumulate? If the power company has not been paid, where did the appropriated money go? Is the government here not strangulating the electricity company with its hand, yet every day we cry of epileptic power?

It is commendable that President Bola Tinubu ordered the immediate payment of the Villa bill; however, is it enough without instituting an investigation into the failure of the Villa bureaucracy to pay its electricity bills despite budgetary provisions? This is the sort of thing that would make Nigerians sit up and take note. Otherwise, it is just the old system: sweep the sleaze under the carpet and let sleeping dogs lie.

Perhaps, because citizens, rightly or wrongly, think those in authority would naturally dip their hands into the treasury, and also scramble (as the Europeans scramble for Africa) over state resources, that is why some of them scramble over any resources close to them. Maybe this is why any warehouse they see, any trailer load of food that enters their ‘trap’, they pounce on it. And do you blame them when they refuse to pay NEPA bills?

Every day something new is trending. Yesterday it was budget padding; today it is “each senator got ₦500 million.” Who knows what tomorrow will bring? The citizens must feel that their interests are also part of the mix. That sense of belonging would automatically bring down the crime rate substantially.

Governance must be accorded the seriousness it deserves. When you go through our budget and the imputed figures, like a template across the MDAs, one would be forgiven to think that governance is a joke and budget implementation is akin to sharing the national cake within an anointed group.

Justice and fairness must permeate the land. No nation can rid itself of crime as long as its leadership does not go out of its way to give the people a sense of belonging and fairness, and its judiciary fails to give protection to the oppressed.

Therefore, leaders at the centre must be exemplary, which will make those in charge of other tiers of government follow suit. It is not enough for a leader to be mouthing platitudes while his actions go contrariwise. This is what is meant by “Change must begin with the leader” where the Brazilian lyricist and author of The Alchemist, Paulo Coelho, said, “The world is changed by your example, not by your opinion.”

I will never get tired of hammering it - to all who care to listen - what Usman Dan Fodiyo wrote in his book, Bayan Wujub al-Hijrah alal ibad: that “the death of a thousand good men is not as tragic as having an unfit man in a position of national leadership and that “a kingdom (nation) can endure with unbelief, but it cannot endure with injustice.”

To ensure that justice is served, we must strengthen our legal and judicial systems. We need to reform our laws and improve the capacity and independence of our judges and lawyers. This will earn the system more respect and bring back the trust of the people that has been heavily eroded.

These, and more along this line, are the things our leaders must do to make our country the great nation it is meant to be. Every leader will be proud that under his watch we became a united people and forged ahead to become an industrialised nation.

To stitch the “merely geographical expression” that we currently have, therefore, is a task that must involve all of us. We do not have any other country to call ours. And we cannot afford to see the country put together by God through the British rendered asunder.

Another reason I always look at some Nigerians from the south and north who shout “Let Nigeria be divided” and shudder. Do they know what they are saying? Do they think that that is feasible anymore? Would it be beneficial to all concerned? We will look at this next.

** Hassan Gimba is the Publisher and Editor-in-Chief of Neptune Prime.

It's obvious that Ignorance competes with corruption in our arrested development since all major presidential candidates and the intelligentsia supported subsidies removal and floating the Naira that have turned out to be an economic disaster, because they overlooked the fact that every advanced industrialized economy was built on and continue to be stimulated with production and consumption subsidies. This reaffirms my November 22, 2022 article "2023: Neocolonial administrators or Economic revolutionaries” that the political class were just neocolonial administrators that couldn't uplift the masses from poverty.

The coloniality of knowledge sources mentally enslaves and robs them of knowledge of how to industrialize and economically advance our people out of poverty. Railways complex is the launchpad of industrialization, but stuck in the slave plantation mentality since independence, every regime promises advancing agriculture by returning unemployed to the farms to solve our poverty. They overlook that our urban population is 53.52% of Nigeria's population and the unemployment rates were not much different, 23.9% in rural and 21.2% in urban areas in 2018.

From the 1960s Marketing boards to 1970s Operation Feed The Nation to Eighties Green Revolution and all agriculture programs till date, agriculture should be facing diminishing returns by now. According to the World Bank, Nigeria has the world's fifth highest Agricultural Value Added at $111.97 billion, following Brazil ($130.82b), Indonesia ($163.56b), India ($571.63) topped by China ($1311.31b). Agriculture accounts for 38% of our employment and 24% of our national income compared to the mere 1.6% combined income of Iron and Steel, Plastic and Rubber, Electrical and Electronics that a railways-led industrialization can multiply tenfold to reduce both urban and rural unemployment and poverty issues.

From a comparative analysis of progressive nations and their sectoral contributions to GDP, it shows Nigeria agriculture has an unhealthy high percentage of GDP with agric 21.2%, industrial 22.5%, services 56.4%; compared to Brazil (Agric 6.6% industrial 20.7%, services 72.7%); India agric 15.4%, industrial 23%, service 70.9%; South Africa agric 2.8%, industrial 29.7%, services 67.5%; Egypt agric 11.7%, industrial 34.3%, services 54%; China agric 7.9%, industrial 40.5%, services 51.6%; USA agric 0.9%; industrial 19.1%; service 80%; EU agric 1.6%; industrial 25.1%, services 70.9%); UK agric 0.7%, industrial 20.2%, service 79.2%, Mexico agric 3.6%, industrial 31.9%, service 64.5% - all with agriculture being mere fractions of industry and service.

A structural analysis of the Nigerian economy reveals why we have high levels of unemployment and poverty. In 2022, the services sector accounted for 47.45% of total employment while it accounted for 54.8% of the rebased GDP, with the largest subsector contributors being wholesale and retail trade contributing 16.27%; Information and Communication 11.04% and Real Estate 8.37%. The largest contributor, Retail and Wholesale has low wages and even lower employment and income multiplier effects across the economy since 95% is conducted by the informal sector. Information and Communication has grown with telephone and data companies, which has had multiplier effects in online trading and transport services.

In advancing economies, their service sectors growth leaders are the productive subsectors of transport, information and communication, and business services, and also have higher contributions from government - health and education. Despite the Chinese economy much touted manufacturing, in 1978 at the beginning of its economic growth, agriculture sector accounted for 27.7%, manufacturing 47.7% and services 24.6% of GDP, compared to 2017 with agriculture 7.9% manufacturing 40.5% and services 51.6%, showing a significant change in its services sector from 24.6% to 51.6% due to massive investment in transport services (railways), as well as logistics, warehousing and other services. Initially like Nigeria with a retail trade based on agriculture and imports, with lower wages, and low income and employment multiplier effects, increased Chinese manufacturing and transport services increased retail profit margins.

When you examine our productive sectors such as manufacturing, only 3 subsectors (food &  beverage, cement and textile) account for 77% of manufacturing output. The food, beverages and tobacco are light processing industries that gave our agriculture value added a global high ranking, but the subsector has ten times lower the income and multiplier effects of railways. It is railways that can increase the 1.6% combined income of Iron and Steel, Plastic and Rubber, Electrical and Electronics subsectors of manufacturing. While foods have only a few byproducts, a car has minimum of 30,000 parts while a A380 Airbus plane has 3.8 million parts which are all sources of income and employment for the potential local suppliers.

This is not an attempt to diminish the significance of agriculture, but to show that there are better returns on social investment in railways, and even examine what could be done more to agriculture if anything. Our agriculture is made up of 91% of agriculture crop production, leaving just 9% for fishery, forestry and livestock. So additional investment into agriculture should be concentrated on fishery and livestock till they achieve the global average of 40% of agriculture production. Livestock and fishery must be elevated from cultural pursuits of Afro-Arabic herdsmen and waterside fishermen to modern business models with global best practices.

The modern agricultural sector is capital and technology intensive that can only be efficiently spurred by big business that can buy heavy machinery and fund research. Currently, our agriculture is like our transportation, handled by low income investors for sustenance. It is not only inefficient but dangerous since like Okada and Danfo drivers that are unregulated and could be used to commit crimes, peasant farmers could be used to sabotage our food security since they might take wrong genetically modified seeds unknowingly. We can no longer entrust our food and transport to uneducated poor citizens.

The psuedo elites that clamour for people to be returned to the farms don't advocate such for their children, and one wonders even if the rural conditions for farming are improved to Western levels whether it would attract the youth, otherwise why do the Nigerian youth that travel abroad stick to city jobs instead of agriculture in USA, Canada or UK? Rather than focusing on pumping more resources into peasant agriculture, the government should provide better incentives through direct and indirect subsidies for big businesses coming into agriculture to increase productivity and reduce production cost per unit.

The real income and employment growth driver that can solve Nigeria's income and employment problems is railway that will improve transportation services contribution, as well as its multiplier effects in logistics, freighting, distribution, which in turn improve agriculture and especially manufacturing subsectors of Iron and Steel, Plastic and Rubber, Electrical and Electronics, providing millions of jobs as manufacturing and the entire economy diversifies.

Three East-West mainlines (Lagos-Calabar, Ilorin-Yola and Sokoto-Maiduguri) to compliment the two North-South colonial lines will spark a railway boom by states and private sector that will increase income and employment in both urban and rural areas. Unfortunately the APC government sabotaged the $13b Lagos-Calabar railway line that was to be financed and built by the Chinese. Acting on Western Powers command they cancelled the project commissioned by President Jonathan and gave it to GE USA that neither had the financial nor technical capabilities, then afterwards went begging to Russia unsucessfully. The latest news is that a haphazard part of the railway was allocated to government cronies without any technical expertise and with a laughable share capital of a mere $1,000 to build a $6b project.

** Faloye is an Economist, author of The Blackworld: Evolution to Revolution and other books, media practicioner, President of ASHE Foundation and Deputy Publicity Secretary Afenifere

Whether or not you get hired by billionaire Mark Cuban comes down to two qualities: culture and  competency.

They’re the “two things that matter the most,” Cuban said during a MasterClass course released last month. “Are they competent enough to do the job? And do they fit in the culture of the organization? If they fail on either one, you’re going to be in trouble.”

Culture is more important than raw talent, Cuban said. Most of the workforce agrees: 56% of workers rank a strong workplace culture as more important than salary, with more than 75% of employees saying they’d consider a company’s culture before applying for a job there, according to a 2019 Glassdoor survey of more than 5,000 adults in the U.S., the U.K., France and Germany.

Young millennials and Gen Zers consider company culture a particular priority, the Glassdoor report noted — meaning Cuban’s observation many prove more true over time, as those workers increasingly rise through the ranks.

Cuban does value employees who complete tasks correctly and efficiently — that’s the competency part. But searching for the perfect worker to fix your company’s problems, a “home run hire,” without properly vetting their cultural fit is “probably the biggest mistake I’ve seen my portfolio companies [make],” he said.

To find employees who check both boxes, Cuban said he asks specific job interview questions like:

• What’s one thing you’ve failed at and one thing you’ve succeeded at?
• Tell me about a time you took a chance at work.
• Why did you leave your last job?
• What’s the best culture of a company that you’ve ever worked in?
• Who’s the best manager you’ve ever worked for?

“I want to get them talking about their positive or negative experiences, so I can understand whether or not they’re going to be a fit,” he said.

For Cuban, the right fit doesn’t mean a carbon copy of himself: He looks for employees and partners who “complement” his skill set, but are unafraid to speak up when they disagree with him, he noted.

“I think one of the biggest problems an entrepreneur [or] CEO can make is they hire people who are like them,” Cuban said. “You don’t need to hire people like you. You’ve got you.”

“I don’t need people to tell me yes,” he added. “I can tell myself yes ... I need people who are going to challenge conventional wisdom and challenge me, and when they think I’ve done something wrong, say, ‘I think you think you’re making a mistake here, and this is why.’”

CNBC

Some Nigerians have expressed displeasure over the signing of a memorandum of understanding (MoU) between the ministry of transportation and MPH Rail Development Limited.

The company, registered in the UK, is expected to manage the design, construction, commissioning, operation, and eventual transfer of the Port Harcourt-Enugu-Calabar-Abuja standard gauge rail line.

“The Minister of Transportation, Said Alkali on behalf of @NigeriaGov has signed an MoU with Messrs MPH Rail Development (UK) Limited for the design, construction, operation & transfer of the Port Harcourt–Enugu –Calabar–Abuja SGR Line on a PPP basis,” the ministry wrote on its X page.

The ministry said the signing followed the approval of the outline business case and the issuance of a compliance certificate by the Infrastructure Concession and Regulatory Commission (ICRC).

This clearance, the ministry said, enables the firm to focus on compiling the necessary documentation for the federal executive council’s (FEC) approval to advance the project.

In another statement, the ministry said vital documents required for the project’s progression include a comprehensive feasibility study report, a complete business case study, an environmental and social impact assessment, the development of a resettlement action plan, and the formulation of a financial model to facilitate project implementation.

The ministry said this would ensure the transfer of the project to the government under a PPP arrangement without incurring loans or debts for the Nigerian government.

However, social media users have knocked the agency for signing an MoU with a company that was only incorporated less than five years ago — September 26, 2019.

Others have described it as a “PI&D (sic) sagain the making”, adding that a project of such magnitude should not be entrusted to a young company of unknown history.

Checks by TheCable confirmed that the company was formed by one Andrew James, a British citizen, in 2019 and went on without any relationship with the Nigerian government or private sector untill August 24, 2023, when the company appointed Osinowo Rotimi as the first director with a Nigerian background.

Subsequently, Osinowo Sayeed was also appointed as a director in January 2024.

Further checks showed that the company had filed as a dormant organisation three times since its registration in 2019.

Other discrepancies pointed out by disgruntled Nigerians are that the company, since its incorporation in 2019, has no track record of engaging in any rail construction business and lacks a website.

Here are the reactions of some Nigerians to the deal.

That Naija Guy™

@IamThatNaijaGuy

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SCAM ALERT:

1.  MPH Rail Development Limited is a UK company incorporated in 2019, with 4 Nigerian directors added late 2023.

2. There are no records of past projects by this company.

3. This company has no website, and there are no records of any previous projects done.

4.… Show more

4:59 AM · Mar 16, 2024

A. Ayofe

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Mar 15

@abdullahayofel

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Dear Mr President @officialABAT some of your ministers may put this country in trouble.

This is the company the transport minister has signed MOU on Abuja to PH standard Guage rail line with.

This company has no website, neither can we trace any work done before.

This company…

Mal. Siraj Mashi

@SirajMashi

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This information is very vital indeed. It's therefore all Nigerians shall put their eyes on the contractors handling projects in their communities. This will no doubt reduce corruption and projects abandoning attitude of Nigeria Government and Contractors.

12:14 PM · Mar 16, 2024

2

Reply

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Federal Ministry of Transportation

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Mar 13

@MinTransportNG

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The Minister of Transportation, Sen. Said Alkali on behalf of @NigeriaGovhas signed an MoU with Messrs MPH Rail Development (UK) Limited for the design,construction,operation & transfer of the Port Harcourt–Enugu –Calabar–Abuja SGR Line on a PPP basis.

http://transportation.gov.ng/federal-ministry-of-transportation-signs-mou-for-portharcourt-enugu-calabar-abuja-standard-gauge-rail-line-on-ppp-basis/

Madam President (rtd) Iyabo Arinola Ifeoma Awokoya

@iyaboawokoya

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It is still an MOU, so I am guessing it will still go through FEC, BPE and ICRC due diligence

7:12 AM · Mar 16, 2024

KWiwa

@KenWiwa4

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THIS IS ANOTHER BIG FRAUDULENT CONTRACT. GOVT PURCHASE PROCEDURE WASN’T COMPLIED WITH. HOW CAN THE GOVT AWARD A CONTRACT OF SUCH MAGNITUDE WITHOUT FOLLOWING DUE PROCESS? WHEN WAS THE TENDER FOR THE CONTRACT RUN? WHO WERE THE OTHER BIDDERS ? THIS RAILWAY IS

10:06 PM · Mar 15, 2024

Bolaji

@bolsaid

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@CCECC8 has experience, visible track records in Nigeria and africa but this minister went to sign MOU with a UK coy for rail and not even a proper UK coy but one SPV. We barely survived P&ID what's this again ooo?

8:18 AM · Mar 16, 2024

ASIWAJU AKANBI ADEYEMI ®

@planetaby

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@officialABAT should matter of urgency arrest this purported SCAM that @saiduaalkali seems to be embarking on with the so-called MPH Rail Dev Ltd.

@officialEFCC and @icpcnigeria

should get involved as everything about the said Firm looks questionable.

This is a BIG SCAM...

Fear Kogi Politicians

@AndyHReal

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This is another railways am loading in Nigeria.@MinTransportNG I challenge you to name one railway project successfully completed by Messrs MPH Rail Development on this earth, in heaven or anywhere in the universe. How would they deliver?

Who does a railway project on PPP basis?

6:57 AM · Mar 16, 2024

Orelekan Runsewe

@OmoAdetilewa

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This right here, Nigerians, is what is known as an SVP (as used by @atiku ) to fliz Nigeria.

This Minister is going the same path? This company has no track records and very suspicious, why go through the UK when we've had wonderful records with other companies on ground!

8:30 AM · Mar 16, 2024

Mercator

@olumideajala

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Follow

My sixth sense tells me this is another PI&D in the making. @officialABAT@PBATMediaCentre  please scrutinize this MOU that's looking like a potential disaster.

11:06 AM · Mar 16, 2024

The Cable

Some residents of warring communities ambushed and killed 16 officers and personnel of the 181 Amphibious Battalion of the Nigerian Army on a peace mission to Okuoma community in Bomadi Local Government Area of Delta on Thursday.

Those killed were the commanding officer, two majors, one captain and 12 soldiers.

The Acting Director, Defence Information, Tukur Gusau, made this known on Saturday in Abuja.

He stated that the troops were ambushed and killed while responding to a distress call arising from a clash between Okuama and Okoloba communities in Delta.

Gusau, a brigadier general, stated that the Chief of Defence Staff, Christopher Musa, had directed immediate investigation and arrest of those involved in the heinous crime.

He added that the incident had been reported to the Delta State Government.

“The military, however, remains focused and committed to its mandate of maintaining peace and security in the country.

“So far, a few arrests have been made while steps have been taken to unravel the motive behind the attack,” he assured.

NAN