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Peter Obi: Profile of PDP vice presidential candidate

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Former vice president, Atiku Abubakar, has selected ex-Governor of Anambra State, Peter Obi as his running mate.

Insiders say Atiku made wide consultations before the decision.

Obi had declared the emergence of Atiku as a good sign for the country ahead of the 2019 general election.

Lamenting that Nigeria had derailed off the paths of development, Obi said that going by “Atiku’s wealth of experience, track record of wealth-creation, knack for identifying excellence among excellent people, detribalised nature and perfect understanding of the ills of the country”, the former VP had all it takes to restore the nation’s glory.

“Having personally followed him in the past six months, listened and interacted with him on a number of issues negatively affecting our society, I observe in him a person who has the burning desire to leave a footprint in the sands of time”, he added.

Below is Obi’s profile

NAME : Mr. Peter Gregory OBI, (CON)
DATE OF BIRTH : 19th July 1961
PLACE OF BIRTH: Onitsha, Nigeria
NATIONALITY: Nigerian
MARITAL STATUS: Married with two children

EDUCATIONAL INSTITUTIONS ATTENDED

· Christ the King College, Onitsha (W.A.S.C.)

. University of Nigeria, Nsukka (B.A. Philosophy)
· Lagos Business School, Nigeria (Chief Executive Program)

· Harvard Business School, Boston, U.S.A. (Mid to Mid Marketing)

· Harvard Business School, Boston, U.S.A. (Changing the Game)

· London School of Economics (Financial Mgmt/Business Policy)

· Columbia Business School, New York, U.S.A. (Marketing Mgmt )

· Institute for Management Development, Switzerland (Senior Executive Program)

· Institute for Management Development, Switzerland (Break-Through Program for CEOs)

· Kellogg Graduate School of Management, U.S.A. (Advanced Executive Program)

· Kellogg School of Management U.S.A. (Global Advanced Mgmt Program)

. Oxford University: Said Business School, (Advanced Mgmt& Leadership Program)

. Cambridge University: George Business School (Advanced Leadership Program)

PREVIOUS POSITIONS

· Governor, Anambra State of Nigeria (2006-2014)

· Honorary Special Adviser to the President on Finance (till May, 2015)

· Member, Presidential Economic Management Team (till May, 2015)

· Vice-Chairman, Nigeria Governors’ Forum (2008-2014)

· Chairman, South-East Governors’ Forum (2006-2014)

. Former Chairman: Board of Securities and Exchange Commission (SEC)

· Former Chairman: Fidelity Bank Plc.

· Former Chairman: Guardian Express Mortgage Bank, Ltd.

· Former Chairman: Future Views Securities, Ltd.

· Former Chairman: Paymaster Nigeria Plc.

· Former Chairman: Next International (Nigeria) Ltd

· Former Director: Guardian Express Bank Plc.

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· Former Director: Chams Nigeria Plc.

· Former Director: Emerging Capital Ltd

· Former Director: Card Centre Plc

MEMBERSHIP OF PROFESSIONAL ASSOCIATIONS/ORGANIZATIONS

· Member, Nigerian Economic Summit Group (NESG)

· Member, Nigerian Chartered Institute of Bankers

· Member, British Institute of Directors (IOD)

MEMBERSHIP OF FEDERAL GOVERNMENT COMMITTEES

In my capacity as the Governor of Anambra State, I served as a member of:

*Federal Government Committee on Minimum Wage

*Federal Government Committee on Negotiation with Labour on Subsidy

*Federal Government Committee on Mass Transit

*Federal Government Committee on Natural Resource

*National Economic Council Committee on Power Sector Reform

*National Economic Council Committee on Sharing of MDGs Funds

*National Economic Council Committee on Accurate Data on Nigeria’s Oil Import and Export

*Agricultural Transformation Implementation Council

*Sub-Committee on Needs Analysis of Public Universities in Nigeria

*National Economic Council Review Committee on the Power Sector

AWARDS & RECOGNITIONS

2015: Golden Jubilee Award from Catholic Diocese of Onitsha for outstanding contribution to quality healthcare delivery in St. Charles Borromeo Hospital in particular and Anambra State in general, on the occasion of the Golden Jubilee celebration of the hospital.

*2014: Nigerian Library Association Golden Merit Award for remarkable improvement of libraries in Anambra State, exemplified by our Government’s construction of the Kenneth Dike Digital State Library, remarkable upgrade of the Onitsha Divisional Library, and provision of library facilities in secondary schools across the State.

*2014: Champion Newspaper Most Outstanding Igbo Man of the Decade.

* 2014 The Voice Newspaper (Holand) Achievers Award for Outstanding Example in Leadership and Governance.

*2013: Silver Bird Man of the Year (with Governor BabatundeFashola of Lagos State).

*2012: Business Hallmark Newspaper Man of the Year.

*2012: The Golden Award on Prudence – by the Methodist Church of Nigeria as the Most
Financially Prudent Governor in Nigeria.

* 2012: Leadership and Good Governance Award by The Ezeife Leadership Foundation Award for restoring peace and harmony to Anambra State.

* 2012: Best Performing Governor on Immunization in South-East Nigeria – by Bill & Melinda Gates Foundation.

* 2012: Outstanding Financial Planner and Manager – by the Church of Nigeria, Anglican Communion for my resourcefulness and creativity in governance.

*2011: Zik Leadership Prize.

*2010: ICT Governor of the Year – by the West Africa ICT Development Award.

*2009: Champion Newspaper Nigeria’s Most Trustworthy Governor Award.

*2009: Thisday Newspaper Most Prudent Governor in Nigeria.

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*2007: The Sun Newspaper Man of the Year Award.

**The Nigerian MDGs Office/UNDP Best Governor in the Implementation of the MDGs in Nigeria

INTRODUCTION OF CONSTITUTIONAL AND OTHER MAJOR CHANGES IN NIGERIAN POLITICS

*He was the first gubernatorial candidate in Nigeria to legally challenge to its logical conclusion, his governorship electoral victory that was denied him. He won in the Courts and reclaimed his mandate.

*He was the first Governor in Nigeria to legally challenge his wrongful impeachment and was reinstated by the Courts.

*He was the first Governor in Nigeria to seek the interpretation of tenures of Governors when INEC allowed elections to take place in Anambra State when his tenure had not expired; the election already concluded was cancelled and he was allowed to complete his tenure.

*He was the first Governor to serve a 2nd term in both the new and old Anambra State, that is, almost 40 years after creation of the State.

*He was the first Governor, whilst still in Office, to be appointed a Special Adviser to the President.

*He was the first serving Governor to be appointed into the Presidential Economic Management Team.

*He was among the first Governors to be honoured with a National Award in 2011, while still in office.

*Though the only Governor whose political party was in government in only one State, he was elected Vice-Chairman of the Nigeria Governors’ Forum twice.

*Though the only non-PDP Governor in the South-East (made up of 5 States), he was elected by the other 4 PDP Governors as their Chairman for 8 years rather than the usual one year.

Served as a member of:

*Federal Government Committee on Minimum Wage

*Federal Government Committee on Negotiation with Labour on Subsidy

*Federal Government Committee on Mass Transit

*Federal Government Committee on Natural Resource

*National Economic Council Committee on Power Sector Reform

*National Economic Council Committee on Sharing of MDGs Funds

*National Economic Council Committee on Accurate Data on Nigeria’s Oil Import and Export

*Agricultural Transformation Implementation Council

*Sub-Committee on Needs Analysis of Public Universities in Nigeria

*National Economic Council Review Committee on the Power Sector

AWARDS & RECOGNITIONS

2015: Golden Jubilee Award from Catholic Diocese of Onitsha for outstanding contribution to quality healthcare delivery in St. Charles Borromeo Hospital in particular and Anambra State in general, on the occasion of the Golden Jubilee celebration of the hospital.

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*2014: Nigerian Library Association Golden Merit Award for remarkable improvement of libraries in Anambra State, exemplified by our Government’s construction of the Kenneth Dike Digital State Library, remarkable upgrade of the Onitsha Divisional Library, and provision of library facilities in secondary schools across the State.

*2014: Champion Newspaper Most Outstanding Igbo Man of the Decade.

* 2014 The Voice Newspaper (Holand) Achievers Award for Outstanding Example in Leadership and Governance.

*2013: Silver Bird Man of the Year (with Governor BabatundeFashola of Lagos State).

*2012: Business Hallmark Newspaper Man of the Year.

*2012: The Golden Award on Prudence – by the Methodist Church of Nigeria as the Most
Financially Prudent Governor in Nigeria.

* 2012: Leadership and Good Governance Award by The Ezeife Leadership Foundation Award for restoring peace and harmony to Anambra State.

* 2012: Best Performing Governor on Immunization in South-East Nigeria – by Bill & Melinda Gates Foundation.

* 2012: Outstanding Financial Planner and Manager – by the Church of Nigeria, Anglican Communion for my resourcefulness and creativity in governance.

*2011: Zik Leadership Prize.

*2010: ICT Governor of the Year – by the West Africa ICT Development Award.

*2009: Champion Newspaper Nigeria’s Most Trustworthy Governor Award.

*2009: Thisday Newspaper Most Prudent Governor in Nigeria.

*2007: The Sun Newspaper Man of the Year Award.

**The Nigerian MDGs Office/UNDP Best Governor in the Implementation of the MDGs in Nigeria

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”

 

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Dangote Slashes Diesel Price Amidst Economic Optimism

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Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.

The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.

This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.

In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.

“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.

As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.

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