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What You Should Know About President Tinubu’s New Special Adviser On Revenue, Zacch Adedeji   

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What You Should Know About President Tinubu’s New Special Adviser On Revenue, Zacch Adedeji

When Mr. Zacch Adedeji was appointed as the fifth substantive Executive Secretary of the National Sugar Development Council in March 2021 by President Muhammadu Buhari, stakeholders in the sugar sector hailed the appointment as one that would redefine the growth and development of the sugar industry.

He assumed leadership of the Council with a proven track record of over 15 years of hands-on executive experience (+16 years qualified chartered accountant) in strategy, accounting and financial management, financial analysis/reporting, internal controls, change management, and people management.

Before his appointment as the Sugar Council boss, Adedeji had demonstrated capacity for service delivery when he worked as one of the youngest Commissioners in Nigeria.

In 2011, barely seven months after his 33rd birthday, he was appointed Commissioner for Finance in Oyo State, becoming the youngest person to have occupied such a position. This was after he had attained a managerial position a few years after working diligently with an American multinational company-Procter and Gamble, (P & G). Until date, he is one of the most sought after in the state and beyond.

He is a First-Class graduate of Management and Accounting from the prestigious Obafemi Awolowo University, Ile-Ife and later bagged a Master of Science degree in Accounting from the same university. He is currently a doctoral student at the same university. His insatiable quest for knowledge took him to the famous Harvard Kennedy School of Government in the United States of America for an Executive Course in Economic Development.

Mr. Adedeji’s long sojourn in the private sector and a four-year stint as the Commissioner for Finance in Oyo State between 2011-2015 with unbeatable and unassailable performance records and achievements, have, undoubtedly, prepared him for the onerous task of providing the needed leadership in Nigeria’s drive to attain self-sufficiency in sugar production through the faithful implementation of the Nigeria Sugar Master Plan (NSMP).

He held a number of senior management positions while working at the Procter & Gamble Company (P&G), a renowned American multinational consumer goods corporation headquartered in Cincinnati, Ohio, United States of America with branches across several countries. He was General Accounting and Stewardship Manager between January 2004 to May 2006, where he led a cross-functional team to prepare and report financial statements regionally and globally through a consolidated data entry tool.

Mr. Adedeji’s culture of hard work and knack for professional excellence earned him a higher position at the P&G with his elevation as the Finance Leader-SAP (Systems Applications and Products) Implementation Project. He spearheaded the day-to-day evaluation and implementation of SAP Modules and also led a 15-person finance team to develop the internal processes for the roll-out of SAP West Africa in line with the projects prerequisites.

He later rose to the position of Corporate Finance Manager (West Africa) overseeing Treasury, Corporate/Affiliate Accounting, AP tax at the Procter and Gamble between August 2007 and May 2011.

While in the saddle as the Commissioner for Finance in Oyo State, he introduced a number of brilliant, forward-thinking, revenue-boosting and cost-saving reforms that pushed up the Internally Generated Revenue (IGR) of the state, plugged financial leakages, introduced the best financial practices and general financial turnaround among other innovations. Mr. Adedeji, a Fellow of Chartered Accountant (FCA), is also a member of the Institute of Chartered Accountants of Nigeria (ICAN) and member, Chartered Institute of Taxation of Nigeria (CITN).

Immediately he took over at NSDC, Zacch hit the ground running with a series of programmes to reposition the sugar sector as encapsulated in the Nigerian Sugar Master plan.

In driving the growth and development of the sector, he has within a space of 26 months implemented a series of programmes that have attracted huge investments into the sugar industry and positioned the sector as an avenue for job creation and poverty reduction.

In an interview, he described his over two-year journey at the NSDC as memorable, tasking and very rewarding.

Adedeji said, “The sugar sector is undoubtedly a very crucial sector to the Nigerian economy, especially in line with the economic diversification agenda of the President Muhammadu Buhari led Federal Government. More than anything else, we at the Council are ready and have put in place all the necessary policies, measures, programmes and strategies to maximally harness all the potentials in the sector in the overall interest of our dear country.

“So, the journey has been an eye-opening experience, particularly for me and members of my Management Team. We are determined to achieve our mandate as an agency of government, which is to regulate and develop the sugar sector for national prosperity.

“I inherited an organization that is both forward-thinking and very determined in the pursuit of its defined mandate and corporate objectives. I’m lucky to meet members of staff who are so dedicated, disciplined and committed to work, thereby making the whole environment friendlier and livelier than I thought.”

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NNPCL Refutes Shutdown Claims: Port Harcourt Refinery Fully Operational

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The Nigerian National Petroleum Company Limited (NNPCL) has dismissed media reports suggesting that the recently resuscitated old Port Harcourt refinery has been shut down, labeling such claims as baseless and misleading.

In a statement issued in Abuja on Saturday, the Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, clarified that the refinery, with a capacity of 60,000 barrels per day, is “fully operational.”

The facility resumed operations two months ago after years of inactivity.

“We wish to clarify that such reports are totally false, as the refinery is fully operational, as verified a few days ago by former Group Managing Directors of NNPC,” Soneye said.

He added that preparations for the day’s loading operation are currently underway, emphasizing that the public should disregard the claims.

“Members of the public are advised to discountenance such reports as they are the figments of the imagination of those who want to create artificial scarcity and rip off Nigerians,” Soneye stated.

The old Port Harcourt refinery is part of the country’s efforts to revive its local refining capacity. Three years ago, the Federal Government approved $1.5 billion to rehabilitate the plant, which was initially shut down in 2019 due to operational challenges.

Despite being one of the largest oil producers globally, Nigeria has long relied on fuel imports to meet its domestic needs, swapping crude oil for petrol and other refined products. This dependency, coupled with government subsidies, has strained the nation’s foreign exchange reserves.

The recent return of the Port Harcourt refinery to operation follows the commissioning of the Dangote refinery, which began petrol production in September 2024. These developments are expected to reduce Nigeria’s reliance on imports and address long-standing issues in the petroleum sector.

 

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Bank Robberies Now History in Lagos Since 2014 – IGP

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The Inspector General of Police, Kayode Egbetokun, has declared that the era of armed and bank robberies in Lagos State is a thing of the past, attributing the success to the collaborative efforts between the police and the state government.

Egbetokun made this statement on Thursday during the 18th Annual Town Hall Meeting on Security organized by the Lagos State Security Trust Fund (LSSTF). He noted that since 2007, only one bank robbery had been successfully executed in the state, which occurred in 2014.

“There was a time when armed robbery and bank robbery were common in Lagos. However, I can confidently say that since 2007, only one bank robbery succeeded, and that was as far back as 2014. The days of armed robbery and bank robbery are gone,” he said.

The IGP commended the Lagos State Government for its consistent support, emphasizing the critical role it has played in maintaining security in the bustling economic hub of the nation. He highlighted the challenges posed by the state’s continuous internal migration, with thousands of people moving into Lagos daily, creating additional security demands.

“What we are doing here today is the usual assistance the state government has been giving to the police. Without this, we would have been overwhelmed with insecurity in Lagos State,” Egbetokun added.

At the event, Governor Babajide Sanwo-Olu further demonstrated his administration’s commitment to security by donating over 250 brand-new patrol vehicles, along with hardware, communication gadgets, and protective gear to the police.

In his address, Sanwo-Olu outlined the government’s efforts to scale up the use of technology and data for improved security and traffic monitoring. He revealed plans to deploy drone technology for surveillance of waterways and densely populated areas.

“The EGIS component of our mapping and digitalization has almost been completed. Lagos is now properly mapped, and drone technology will be deployed to enhance monitoring, crowd management, and traffic assessment. This will ensure real-time responses to incidents,” the governor explained.

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Chad Terminates Military Partnership with France

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Chad announced Thursday that it was ending military cooperation with former colonial power France, just hours after a visit by French Foreign Minister Jean-Noel Barrot.

“The government of the Republic of Chad informs national and international opinion of its decision to end the accord in the field of defence signed with the French Republic,” foreign minister Abderaman Koulamallah said in a statement on Facebook.

Chad is a key link in France’s military presence in Africa, constituting Paris’s last foothold in the Sahel after the forced withdrawal of its troops from Mali, Burkina Faso and Niger.

“This is not a break with France like Niger or elsewhere,” Koulamallah, whose country still hosts around a thousand French troops, told AFP.

At a press briefing after a meeting between President Mahamat Idriss Deby and Barrot, Koulamallah called France “an essential partner” but added it “must now also consider that Chad has grown up, matured and is a sovereign state that is very jealous of its sovereignty”.

Barrot, who arrived in Ethiopia on Thursday evening, could not immediately be reached for comment.

– ‘Historic turning point’-

Chad is the last Sahel country to host French troops.

It has been led by Deby since 2021, when his father Idriss Deby Itno was killed by rebels after 30 years in power.

The elder Deby frequently relied on French military support to fend off rebel offensives, including in 2008 and 2019.

It borders the Central African Republic, Sudan, Libya and Niger, all of which host Russian paramilitary forces from the Wagner group.

Deby has sought closer ties with Moscow in recent months, but talks to strengthen economic cooperation with Russia have yet to bear concrete results.

Koulamallah called the decision to end military cooperation a “historic turning point”, adding it was made after “in-depth analysis”.

“Chad, in accordance with the provisions of the agreement, undertakes to respect the terms laid down for its termination, including the notice period”, he said in the statement, which did not give a date for the withdrawal of French troops.

The announcement comes just days after Senegal’s President Bassirou Diomaye Faye indicated in an interview with AFP that France should close its military bases in that country.

“Senegal is an independent country, it is a sovereign country and sovereignty does not accept the presence of military bases in a sovereign country,” Faye told AFP on Thursday.

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