Connect with us

GROpinion

[OPINION] Making Anambra Singapore – Taiwan-Dubai

Published

on

As I write, the major parties are electing their candidates for the November 6, 2021, governorship election in Anambra State of Nigeria. Chukwuma Soludo, a professor of economics and former Governor of the Central Bank of Nigeria, has emerged the candidate for the ruling All Progressives Grand Alliance (APGA). In a matter of days, the other major parties will announce their candidates for what is an important election in a state that holds the promise of Nigeria’s economic and social development.

What does Anambra need to do to become what Nigeria has so far failed to be: a rich and stable economy?

Let us start with basic facts. Anambra has tremendous potential for development. It has the highest number of millionaires per capita anywhere in Africa. In terms of educational attainment, Anambra competes with the likes of Imo and Delta states for the winner of the prize of the best graduating students in the West African Senior School Certificate Examination every year. The state has the largest industrial capacity in Nigeria, perhaps after from Lagos State, Nigeria’s commercial capital.

Anambra has Onitsha main market, Africa’s biggest market, a commercial emporium that in the old days attracted traders from as far as Guinea and Senegal. Anambra’s open market is an open commercial arcade. Anambra is highly urbanized and could easily be another Dubai or the 200km Ruhr Industrial Valley in Germany. It is the state with the highest per capital asset base in Nigeria; Anambrarians are the least poor of Nigerians in actual terms.

But with huge financial and human capital stocks, Anambra is underperforming like Nigeria. The only difference is that unlike Anambra, Nigeria lacks the requisite capital stock per capita. Soludo, one of the state’s leading public intellectuals, in his previous electoral campaign championed the idea of turning Anambra into what he called ‘Singapore-Taiwan-Dubai.’ This phrase has become a political singsong in the state. As politicians jostle for the office of the chief executive of the state, it is time to contemplate how to turn rhetoric into reality.

In his book, ‘Fortune Favors the Bold: What We Must Do to Build a New and Lasting Global Prosperity (2003), MIT’s Lester Thurow argues that Nnewi, the industrial capital of Anambra, could become the technology hub in Africa that can drive Africa’s rising as an economic power. This prophesy is not yet fulfilled, and Anambra lies crumbled under the weight of institutional dysfunction and undisciplined and incoherent leadership.

What needs to be done for Anambra to fulfill its destiny and help lift Nigeria from economic and social morass? What does Anambra have and what does it need? What will make Anambra ‘Singapore-Taiwan-Dubai’, as its politicians boast?

In the 1960s and early 1970s, the mantra of the first-generation theories of economic growth was capital accumulation. The famous W. W. Rostow argued that the transition from underdeveloped to developed economy entailed ‘stages of growth.’ Building on the classical Harrod-Domar model, which was based on the Keynesian model, the Solow model said economic growth requires increase in saving and investment. Paul Romer propounded the second-generation theory that identified ideas as an extremely important economic good. For him, what differentiates poor and rich nations is the quality of ideas in their economic and social interactions. This is the concept of human capital which is represented by education, especially technology education and innovation.

Today, Anambra can boast of the rudiments of a technological and innovation economy. Innoson Motors and other technologists in Anambra tell a story of strong potential. This is what Lester Thurow saw when he predicted an African economic breakthrough in Nnewi.

But Anambra needs the right political choice to create what Douglas North in the third-generation theory of economic growth referred to as ‘institutions.’ In this view, economic development depends on the quality of institutions and not necessarily on resource endowment or capital accumulation. For North, institutions are “humanly devised constraints that structure political, economic, and social interactions.” These institutions include law, norms, procedures, and patterns of social behaviour.

Based on its financial and human capital, Anambra should roar. But it is not. It needs another kind of capital, which is ‘social capital’, to become what Thurlow predicted. It needs the kind of institutions that can convert these capitals into high quality goods and an ecosystem that enables creativity and innovation. Anambra needs good leadership; it needs transformative leaders that would build the right governance systems and norms. The Light of the Nation, as Anambra State is known by its slogan, needs what Lee Kuan Yew provided Singapore, and the type of leadership that Mohammed bin Rashid al Maktoum provides the UAE, to become Nigeria’s Singapore or Taiwan or Dubai.

The journey is long. It starts with Anambrarians making the right political choice on November 6. They have to elect a leader who can build a transforming team that will turn their accumulated capital and technical know-how to sustainable industrialization, entrench new social habits that reinforce productivity, bridle reckless individualism, and stabilize the polity.

Sadly, the past does not raise much hope this will happen. But we remain hopeful.

By Dr. Sam Amadi, a former Chairman of the Nigerian Electricity Regulatory Commission, is the Director of Abuja School of Social and Political Thoughts.

Continue Reading

GROpinion

Insecurity In Zamfara – Hold Lawal Accountable, Not Matawalle

Writes Nasiru Aliyu, Media Advisor to the Hon. Minister

Published

on

Zamfara and Bandits

The recent protest organized by the All Progressives Congress (APC) Akida Forum raises significant questions about political motivations and accountability.

Led by Musa Mahmoud the APC AKIDA group staged a demonstration at the Abuja headquarters of the Department of State Services (DSS), demanding an investigation into the Minister of State for Defence, Dr. Bello Mohammed Matawalle, amid allegations linking him to banditry in the state.

The protest, predominantly featuring hired women and youths from Abuja, was framed as a response to escalating security concerns in Zamfara.

However, the underlying motives appear to be rooted in political rivalry rather than genuine concern for public safety.

The leader of the APC Akida Forum Tijjani Ramallan claims that Governor Dauda Lawal has accused Matawalle of collusion with bandits, suggesting that such ties have perpetuated the insecurity plaguing the region.

A critical point overlooked by Mahmoud and his supporters is that Matawalle is no longer the executive governor of Zamfara.

The current governor, Dauda Lawal, now holds the title of the state’s chief security officer, and therefore, he bears the primary responsibility for addressing the security crisis.

Instead of engaging in a blame game, Lawal should focus on implementing effective strategies to combat the rampant insecurity and provide the dividends of democracy to the people of Zamfara state.

The animosity towards Matawalle seems to stem from his previous role as the Director General of Bola Ahmed Tinubu’s campaign in the Northwest, where he played a pivotal role in securing significant electoral support for the current president.

This success has reportedly fueled envy among some political figures like Tijjani Ramallan, including Musa Mahmoud and others who may feel threatened by Matawalle’s rising profile.

It is noteworthy that allegations against Matawalle have been investigated by the National Security Adviser’s office, which found no evidence to support claims of his involvement in banditry.

This investigation contributed to President Bola Ahmed Tinubu’s decision to retain Matawalle in his ministerial position, where he has reportedly managed security matters in the Northwest with professionalism.

Adding to the complexity of this situation, a Kano High Court recently issued a restraining order against Governor Lawal and others, prohibiting them from continuing their smear campaign against Matawalle. This legal development underscores the court’s recognition of the potential harm caused by unfounded allegations and the need for accountability in political discourse and the state government has found an ally in APC AKIDA led by Tijjani Ramallan.

Despite the court’s intervention, Governor Lawal continues to leverage media platforms to tarnish Matawalle’s reputation, linking him to banditry and corruption without substantiating evidence.

Such tactics appear to be desperate attempts to undermine Matawalle’s credibility, likely motivated by Lawal’s desire to solidify his political standing.

The ongoing campaign against Matawalle by Lawal and his associates raises serious concerns about the integrity of political discourse in Zamfara.

It is imperative for the public to remain vigilant against misleading narratives and to recognize the broader implications of such political maneuvers.

The Kano High Court’s ruling serves as a reminder of the importance of due process and the need for responsible governance.

In conclusion, the focus of accountability in Zamfara should shift towards Governor Dauda Lawal, who now holds the reins of security in the state.

Instead of casting blame on former officials, Lawal must take ownership of the security situation and work towards tangible solutions that prioritize the safety and well-being of the people of Zamfara.

Furthermore, since Matawalle operational visit to sokoto led to the elimination of Bandit leader Halilu Sububu who is alleged to have died with the treasure of the sponsors of banditry in zamfara state, the pain propelled them to further embark on campaign of calumny.

Continue Reading

GROpinion

Exposing the Malicious Sabotage of MoMo PSB Project in Enugu Ezike

By: Cyprian Nwodo

Published

on

MoMo Payment Service

The recent activities of some individuals with one Davids Iyida attempting to sabotage the MoMo Payment Service Bank project intended to benefit, especially  Enugu Ezike people, have raised significant concern and outrage within the community.

Davids Iyida
Davids Iyida

Such actions aimed at undermining a project with immense potential to uplift and empower the people of Enugu Ezike can only be described as malicious.

The MoMo PSB project is designed to bring financial services closer to the people of Enugu Ezike, facilitating easier access to banking and financial transactions.

This project is expected to create jobs, stimulate local businesses, and provide a much-needed boost to the local economy. In a region where such opportunities are rare, the MoMo PSB project represents a beacon of hope for many residents.

It is particularly baffling and disheartening to witness a member of the community collaborate with outsiders to hinder the progress of their own people.

The reasons behind such alliances remain unclear, but the impact of these actions is evident and deeply troubling. Working to obstruct the project is not only delaying progress but also actively working against the welfare and advancement of Enugu Ezike.

The efforts to destroy Kingsley Ifeanyi Adonu’s good intention, despite all the positive contributions he has made, are nothing short of wickedness.

Adonu, a visionary entrepreneur and the leading MTN Partner in the South East, has dedicated significant resources and efforts to bring the MoMo Payment Service Bank project to fruition.

His vision for the community includes economic growth, financial inclusion, and overall development. Attacking his vision is an attack on the progress and future of Enugu Ezike.

The question that lingers in the minds of many is: Why sabotaging our own benefits? In a time when unity and collective effort are paramount for the community’s advancement, such actions of sabotage are counterproductive and harmful. The community needs all hands on deck to drive development and improve the quality of life for its residents. Internal conflicts and malicious actions only serve to set back these efforts.

Despite the challenges and the malicious attempts to derail the project, it is important to reaffirm that S Mobile Group vision for establishing a MoMo Payment Service Bank in Enugu Ezike will prevail.

The community stands behind this vision, recognizing the immense benefits it promises to bring. Efforts to hinder progress will ultimately fail in the face of collective determination and support.

The actions of these ungrateful individuals, aimed at sabotaging the MoMo PSB project, are grave disservice to the community of Enugu Ezike.

In a time when progress and development are desperately needed, such malicious activities are deeply regrettable.

However, the vision and determination of Kingsley Ifeanyi Adonu and the community’s support ensure that the project will succeed, bringing much-needed growth and prosperity to Enugu Ezike.

Let it be known that no amount of sabotage can dim the light of progress and unity.

Nwodo, a public commentator writes from Enugu State

Continue Reading

Columnists

Cybersecurity in 2024: Towards Ever Greater Sophistication of Tactics

Published

on

Chester Wisniewski, Director Global Field CTO

Writer: CHESTER WISNIEWSKI, Director Global Field CTO, Sophos

With 2024 fast approaching, what are the results for 2023 and what are the developments in the threat landscape for this new year?

The year 2023 was marked by persistence in the tactics of cybercriminals, with the predominance of ransomware, the exploitation of vulnerabilities, theft of credentials and even attacks targeting the supply chain. The common point in all his attacks is their formidable effectiveness.

It is therefore essential to ask what trends will persist in 2024 and what strategies businesses should adopt to deal with these future cyber threats.

Between persistent trends and evolving cybercrime tactics

In 2024, the threat landscape is not expected to change radically, particularly with regard to attack typologies and criminal tactics and procedures.

Criminal groups still primarily focus their attention on financial gains and ransomware remains their weapon of choice. These cybercriminals tend to take the easy way out by opportunistically attacking unpatched security vulnerabilities.

The recent Citrix Bleed attack demonstrated the agility of cybercriminals when it comes to quickly and effectively exploiting these new vulnerabilities.
However, once patches are applied to these vulnerabilities, cyberattackers tend to revert to more common strategies of stealing credentials or, failing that, cookies or session cookies, which, while slightly slower, constitute always a proven means that allows them to penetrate within a system.

In 2024, however, we should expect increased sophistication in defense evasion tactics, particularly due to the generalization of certain technologies such as multi-factor authentication. These attacks will combine malicious proxy servers, social engineering techniques and repeated authentication request attacks or “fatigue attacks”.

AI and regulations will continue to shape cybersecurity

In 2024, the development of AI will have a positive impact on the efficiency of IT teams and security teams by enabling them to strengthen defenses and work more efficiently, including through the processing of vast volumes of data in the aim of detecting anomalies. It should make it possible to respond more quickly in the event of an incident.

Indeed, analysis of attacks in 2023 showed a shortening of the time between network penetration and the triggering of a final attack – using malware or ransomware. The need for rapid detection and response tools to prevent costly incidents is therefore essential.

Finally, regulatory developments could have a major influence on measures taken against ransomware. The need to take more substantial measures could push some states to penalize the payment of ransoms, which would represent a brake on malicious actors and change the perspective of companies in the event of an attack.

Other stricter legislation, such as the implementation of the European NIS2 Directive, is also expected to force companies to take additional measures, particularly regarding their abilities to collect data sets.

To protect themselves against increasingly rapid, effective and costly attacks, companies will need to strengthen their defenses by equipping themselves with tools that allow them to detect and respond to incidents more quickly.

The worsening cybersecurity talent shortage does not appear to be as serious as some studies claim. On the contrary, companies have implemented more lax hiring criteria and more open-mindedness in the recruitment process.

From this perspective, to guarantee their survival in a constantly evolving threat landscape, companies have every interest in establishing partnerships with cybersecurity experts whose main mission is to make the hyperconnected world safer, to advise and assist them. in setting up effective defenses.

Continue Reading

Trending