YOBE STATE GOVT APPROVES ENROLLMENT OF RETIREES INTO THE STATES HEALTHCARE MANAGEMENT. (PHOTO).

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 YOBE STATE GOVERNMENT APPROVES ENROLLMENT OF RETIREES INTO THE STATES HEALTHCARE MANAGEMENT  Yobe state government has approved the enrollment of the state and local government retirees into the state  contributory  Healthcare Management Agency (YSCHMA) social equity programme, marking a significant milestone in the state's effort to strengthen social protection and expand access to quality healthcare . Announcing the development, the Executive Secretary of the Agency ,Dr Babagana Tijjani said the initiative is designed to eliminate the financial burden of our of pocket health care expenditure among pensioners by providing them with access to comprehensive, affordable and quality healthcare services through YSCHMA accredited health facilities across the state.                 According to Dr Tijjani, the approval reflects Governor Buni's unwavering commitment to improving the welfare of retirees and ensuring that senior c...
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'IT'S SELF-DEFEATING DISPARAGING DANGOTE, ' AKINWUMI ADESINA TELLS FG. (PHOTO).

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 ‘It’s Self-Defeating Disparaging Dangote,’ Akinwumi Adesina Tells FG


The President of the African Development Bank Group (AfDB), Akinwumi Adesina, says Nigerian government will be the loser in the wake of criticism targeted at Alhaji Aliko Dangote and his refinery.


He noted that such criticism would discourage foreign investors from coming to the country.


There has been a disagreement between Dangote and Nigerian National Petroleum Company Limited (NNPCL) as well as Nigerian petroleum regulatory authorities over the alleged substandard quality of diesel produced by Dangote Refinery, among other issues.


Adesina, who dismissed claims of Dangote’s monopoly of the country’s manufacturing sector, expressed shock at the controversy, saying it was creating bad waves for Nigeria globally.


Adesina’s remarks are contained in a statement shared on X by business mogul Femi Otedola on Tuesday.


The statement read in part, “Monopoly often exists where there are high barriers to entry or high capital costs. How many individuals or companies can do railways? How many can do refineries of the scale of Dangote Refineries? In a nation that has been importing refined petroleum products for several decades, the abnormal simply became very normal.


“No smart investor would make a $19.5 billion investment and want it to be undermined by importers. To manufacture is extremely expensive and risky. This is even more so in Nigeria, given the very challenging business and economic environment, fraught with policy uncertainties and policy reversals, and where the self-defeating default mode of ‘simply import it’ is always so easily rationalized and chorused to solve any problem.


“…This whole disparaging of Dangote is uncalled for. It is self-defeating. And it is very bad for Nigeria. Who will want to come and invest in a country that disparages and undermines its own largest investor? Investing is tough. Pettiness is easy. It sadly sends a signal that the price for sacrificing for Nigeria is to get sacrificed.”

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