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What You Should Know About President Tinubu’s New Special Adviser On Revenue, Zacch Adedeji
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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Ford Trims Workforce: 4,000 Jobs to Go in Europe
US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent’s beleaguered car industry.
“The company has incurred significant losses in recent years,” Ford said in a statement, blaming “the industry shift to electrified vehicles and new competition”.
The move will affect 2,900 jobs in Germany, 800 in the UK and 300 in western Europe by the end of 2027, a Ford spokesman told AFP.
“It is critical to take difficult but decisive action to ensure Ford’s future competitiveness in Europe,” said Dave Johnston, Ford’s European vice-president in the statement.
The company also said it was adjusting the production of its Explorer and Capri models, resulting in reduced hours at its Cologne plant in the first quarter of 2025.
Europe’s car industry has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China.
Germany’s Volkswagen has been among those hardest hit, announcing in September that it was considering the unprecedented move of closing some factories in Germany.
“The European automotive industry is in a very demanding and serious situation,” Volkswagen CEO Oliver Blume said at the time.
Ford had already announced in February 2023 that it was planning to cut 3,800 jobs in Europe, including 2,300 in Germany and 1,300 in Britain.
The company said then it was planning to reduce the number of models developed for Europe, concentrate on the profitable van segment and speed up the transition to electric vehicles.
Ford currently has around 28,000 employees in Europe with 15,000 in Germany, according to the company’s works council.
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Tinubu Dissolves UNIZIK Council, Sacks VC, Registrar, Otukpo Pro-Chancellor
President Bola Tinubu has approved the dissolution of the Governing Council of Nnamdi Azikiwe University (UNIZIK), Awka, Anambra State, and the removal of the institution’s Vice-Chancellor, Prof. Bernard Ifeanyi Odoh, and Registrar, Mrs. Rosemary Ifoema Nwokike.
The council, chaired by Ambassador Greg Ozumba Mbadiwe, comprised five other members: Hafiz Oladejo, Augustine Onyedebelu, Engr. Amioleran Osahon, and Rtd. Gen. Funsho Oyeneyin.
A statement released on Wednesday by presidential spokesperson, Bayo Onanuga, revealed that the council was dissolved following reports of procedural violations in appointing the vice-chancellor.
According to the statement, the council had allegedly appointed an unqualified candidate, disregarding due process, which triggered tensions between the university’s Senate and the council.
The Federal Government expressed dismay over the council’s actions, emphasizing the need for adherence to the university’s governing laws in decision-making.
“The council’s disregard for established rules necessitated the government’s intervention to restore order to the 33-year-old institution,” the statement noted.
In a related development, President Tinubu also approved the dismissal of Engr. Ohieku Muhammed Salami, the Pro-Chancellor and Chairman of the Governing Council of the Federal University of Health Sciences, Otukpo, Benue State.
Salami was accused of suspending the university’s Vice-Chancellor without following the prescribed procedures, a move the Federal Ministry of Education had previously directed him to reverse.
Despite the Ministry’s directives, Salami reportedly refused to comply and resorted to issuing threats and abusive remarks towards the Ministry’s officials, including the Permanent Secretary.
The Federal Government reiterated that the primary role of university councils is to ensure the smooth operation of academic activities, strictly adhering to the laws establishing each institution.
Tinubu warned university councils against engaging in actions that could destabilize their institutions, as his administration remains committed to enhancing the nation’s education system.
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Ekiti Workers to Earn N70,000 Minimum Wage as Govt Signs MoU with Unions
The Ekiti State Government has reached an agreement with labour leaders in the state, signing a Memorandum of Understanding (MoU) for the payment of the N70,000 minimum wage approved by the Federal Government.
Addressing journalists at a brief ceremony in Ado-Ekiti on Tuesday, the Head of Service (HoS), Dr. Folakemi Olomojobi, announced that the payment would commence immediately.
She lauded Governor Biodun Oyebanji for prioritizing the welfare of workers despite the state’s limited resources.
“This development demonstrates the governor’s commitment to improving the livelihood of our workers,” Dr. Olomojobi stated, highlighting the proactive measures taken by the administration to ensure prompt implementation.
In their remarks, the Trade Union Congress (TUC) Chairman, Comrade Sola Adigun, and the Nigeria Labour Congress (NLC) Chairman, Comrade Olatunde Kolapo, expressed their appreciation to Governor Oyebanji for fulfilling his promises to workers.
They confirmed that the new minimum wage would apply to all cadres, including employees in ministries, parastatals, agencies, and pensioners.
The Chairman of the Joint Negotiating Committee (JNC), Comrade Femi Ajoloko, described the implementation as a fair and commendable adjustment.
“This decision reflects the governor’s magnanimity and his dedication to fostering a productive workforce in Ekiti State,” he said.
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