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Biodun Adedipe Delivers Keynote Speech At SUPERNEWS Nigeria’s SME Confab June 13

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Founder and Chief Consultant of B. Adedipe Accociates Limited, Dr. Biodun Adedipe, is set to deliver the keynote speech at the SUPERNEWS Nigeria SMEs Confab 2024 scheduled for June 13, 2024 at Radisson Hotel, GRA Ikeja, Lagos at 10am prompt.

Biztellers reports that Dr Adedipe will deliver a paper on ‘Bringing SMEs into the Financial Services Network via Fintech’

According to the Convener, the Publisher of SUPERNEWS Nigeria, Ngozi Onyeakusi, the choice of Dr. Biodun Adedipe to deliver the keynote speech is a reflection of his extensive professional background, diverse expertise and profound knowledge of the financial services sector and economy.

Dr Adedipe has about four decades of post-graduate work and professional experience that cuts across university teaching, investment banking, project finance, management and financial consulting as well as leadership in business and not-for-profit organisations.

His technical expertise is wide ranging, covering corporate strategy, research and economic analysis, solving complex business problems and assisting clients to execute business solutions in line with their corporate strategies.

He is a highly sought-after analyst and commentator on Government fiscal operations and economic policies, and strategy design and execution for financial institutions, non-financial business organisations and not-for-profit organisations.

He has served in various capacities in government, including Member of the Presidential Committee of Experts on the Redenomination of Naira (November 2008), Member of the Federal Government Committee of Experts on Expenditure Review (October 2010 to March 2011) and Senior Special Assistant to the President (Financial Sector Development) in the Office of the Chief Economic Adviser (2011).

The conference will be bringing together regulators, key stakeholders in the financial services, ICT sectors, small business owners among others.

It will be chaired by the Executive Vice Chairman of the Nigerian Communications Commission (NCC) while the Director General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) will declare the event open.

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NEWS

Lagos: LASTMA Announces Traffic Restrictions Along Route to Toll Gate

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The Lagos State Traffic Management Authority (LASTMA) on Saturday announced a temporary road closure near Apostolic Church, inward Toll Gate, to allow engineers to install a beam on a height-restriction structure.

The agency said the installation was aimed at preventing high-rise trailers from accessing the newly constructed pedestrian bridge.

ALSO READ: LASTMA Alerts Motorists to Traffic Delays on Ogunnusi Road

“Currently, one lane has been occupied to facilitate the ongoing construction work, while the remaining two lanes are available to motorists,” LASTMA stated.

The agency advised road users to approach the affected corridor with caution and follow the directions of its personnel deployed to the area.

“Road users are advised to approach the affected corridor with caution and follow the directions of our personnel who are on ground to ensure the smooth flow of vehicular movement,” the statement added.

LASTMA also urged motorists to remain patient while the installation work continued.

“Motorists are encouraged to exercise patience while the installation work is in progress,” the agency stated.

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NEWS

‘Oseni Rufai Helped Me, Not NiDCOM’ — Ekene Chukwuma on Return to Nigeria

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Nigerian national Ekene Chukwuma has said he returned to Nigeria with assistance linked to Oseni Rufai rather than the Nigerians in Diaspora Commission (NiDCOM), while renewing allegations against the commission’s chairperson, Abike Dabiri-Erewa, over his travel documents.

Chukwuma made the remarks in an interview in which he explained how he returned to Nigeria after spending months at a deportation camp in India.

RELATED NEWS: Rufai Oseni Row: NiDCOM Breaks Silence on Nigerians Detained in India, Addresses Ekene’s Case

“My name is Kenneth Chukwu, from Enugu State,” he said, introducing himself before explaining how he returned to the country.

“I came back here with the assist of Osini Roufai, a good friend of him,” he said.

Chukwuma denied that NiDCOM facilitated his return, alleging that the commission had published false information about his case.

“NiDCOM made a lots of false, uh, news acquisition against me, which is still in Abike Dabiri handle in Twitter,” he said.

He also accused Dabiri-Erewa of sharing his expired international passport and a travel certificate he claimed was issued six months after he entered the detention camp.

“He also, she also posted my international passport that expired. He also, she also posted my TC that issued after 6 months,” he said.

His comments renew questions surrounding the handling of his case and the circumstances under which he obtained the documents needed to return to Nigeria.

Chukwuma’s detention in India previously sparked a public disagreement between ARISE News presenter Oseni Rufai and Dabiri-Erewa over NiDCOM’s response to reports of his situation.

Oseni raised concerns about Chukwuma’s detention and the commission’s handling of the case, while Dabiri-Erewa defended NiDCOM’s position and explained the process for submitting information to the commission.

NiDCOM subsequently issued its account of Chukwuma’s detention, stating that he had been arrested in India over a visa overstay and addressing the circumstances surrounding his travel documents.

The differing accounts prompted public debate about the commission’s response to Nigerians facing immigration difficulties abroad.

 

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‘Who Owns NNPC?’ Rufai Grills Olabode Sowunmi Over Fuel Subsidy

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Rufai Oseni has challenged political analyst Olabode Sowunmi over the Federal Government’s 30-day petrol discount, questioning whether the intervention amounts to a return of fuel subsidy despite claims that the discount is being borne by the Nigerian National Petroleum Company Limited (NNPC).

The exchange occurred during an edition of The Morning Show on Arise News, where Oseni questioned Sowunmi about the financial implications of the petrol discount and other measures introduced to cushion the impact of fuel prices.

Oseni argued that several elements of the government’s intervention could be regarded as forms of subsidy, insisting that NNPC’s ownership structure must be considered when determining who ultimately bears the cost.

SEE MORE: ‘Another Speech to Tell Us, It Is Well’ — Oseni Rufai Reacts to Tinubu’s Address

“No matter how you try to explain it away, a subsidy is a subsidy,” Oseni said.

He challenged the argument that the discount should not be classified as a government subsidy simply because NNPC was responsible for providing it.

“We’re talking like NNPC is not owned by [the government] and heavily equity-based by the Ministry of Finance Incorporated,” he said.

Oseni identified the 30-day discount, forward sales of crude oil to domestic refineries, a proposed price ceiling, the removal of road levies and the consideration of an excess-profit tax among the measures he believed could amount to different forms of subsidy.

He argued that forward sales of crude oil to domestic refineries, with increased volumes as production grows, could help shield petrol pump prices from fluctuations in the international market.

Oseni also questioned the proposed negotiation of a price ceiling of ₦1,350 on landing and ex-country costs, arguing that government intervention to moderate prices contradicted the principle of allowing market forces to determine them.

“You are not supposed to come in to do this. Let me go back to your words: forces of market supply and demand should do this, but you have now come in to do this. That’s another form of subsidies,” he said.

He further cited the removal of road levies and cooperation with state governments under new tax laws as part of the measures requiring scrutiny.

After listing the interventions, Oseni demanded that Sowunmi explain their financial implications and identify who would ultimately pay for the petrol discount.

“But tie this with the most important question, actually, that you skipped: How much will this cost NNPC, and who pays for it? Don’t evade that question. Tell us the cost item and how much, who will pay for it,” Oseni said.

Sowunmi Defends His Position

In his response, Sowunmi argued that a government subsidy should be determined by whether the government bears the difference between the total cost of a product and its selling price.

He explained that a subsidy occurs when the government assumes the financial burden created by the gap between the cost of a product and the price at which it is sold.

“In the case of the discount that has been announced, it is borne by NNPC. So that cannot be…” Sowunmi said before Oseni interrupted.

Oseni challenged the distinction, insisting that NNPC’s ownership made it necessary to establish whether the cost could ultimately be linked to the government.

“Wait, not—who owns NNPC? Please answer. No, no, a straight question, and you can go ahead. Who owns NNPC?” Oseni asked.

Sowunmi responded that he had been invited to contribute to the discussion and should be allowed to complete his explanation.

“You asked, you asked NNPC because you believe—you asked me a question because you believe I have something to say. You cannot—you cannot tell me how to talk, so just be…” he said.

Oseni subsequently repeated his question about NNPC’s ownership, prompting Sowunmi to urge him to exercise patience.

“Basically, you need to be a bit patient and just…” Sowunmi responded.

The available transcript ends during the exchange, with no further explanation of the financial arrangements or conclusion to the discussion provided.

 

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