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2019 Elections: Lagos State Targets Over Three Million Votes – APC

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Eniola Olayemi

 

 

Lagos All Progressives Congress (APC) members got a challenge yesterday to target three million votes in next year’s elections.

Party stalwart Asiwaju Bola Tinubu said this is to reinforce its relevance in the Centre of Excellence.

“We have six million votes in Lagos. Your target should be half; three million or the entire six million. We must deliver over three million votes in Lagos,” he said.

However, to succeed in the exercise, the former governor urged members to renew their faith in reconciliation, embrace peace, work for unity and embark on the aggressive mobilisation of the electorate.

Tinubu spoke at the APC stakeholders’ meeting, which was held at the party’s secretariat on Acme Road, Ogba, Ikeja. The meeting was attended by Governor Akinwunmi Ambode, his deputy, Dr. Idiat Adebule, the governorship candidate, Babajide Sanwo-Olu, his running mate, Dr. Obafemi Hamzat, House of Assembly Speaker Mudashiru Obasa, members of the APC Gubernatorial Advisory Council (GAC), party officers, and flag bearers for parliamentary elections.

In a show of magnanimity, Ambode, who said the party is supreme, reiterated his endorsement of the Sanwo-Olu/Hamzat ticket by raising up the hands of the candidate and his running mate, urging other aggrieved aspirants to emulate his example.

He called for what he described as a platform for continuous reconciliation and compensation for aggrieved aspirants, who should be assured of “promissory notes”.

Dr. Adebule, who predicted failure for the PDP, alerted party members to the danger of voided votes, advising them to thumbprint the ballot paper with their index finger.

Sanwo-Olu promised a government of continuity, if elected, urging Lagosians to vote for a party of progress.

Frowning at Peoples Democratic Party (PDP) candidate Jimi Agbaje’s remark that Lagos State was in bondage, Hamzat said the state was liberated from bankruptcy 19 years ago when former Governor Tinubu worked assiduously to increase its internally generated revenue from N600 million to N31 billion.

At the meeting were party chairman Tunde Balogun, his deputy, Prince Sunny Ajose, vice chairmen Ashipa Kaoli Olusanya (Lagos East) and Chief Funso Ologunde (Lagos West); Secretary Dr. Wale Ahmed, Southwest APC Women Leader Mrs. Kemi Nelson, State Women Leader Jumoke Okoya-Thomas, Publicity Secretary Joe Igbokwe, his deputy, Abiola Salami, Prince Tajudeen Olusi, Chief Rabiu Oluwa, Prof. Tunde Samuel, former House of Assembly Speaker Joko Pelumi, Senator Ganiyu Solomon, House of Assembly members Rotimi Abiru and Gbolahan Yishawu, Ademorin Kuye, Cardinal James Odunmbaku, Yemi Alli, Hakeem Bamgbola, Shamusideen Olaleye, Mrs. Toun Adediran and State Legal Officer Demola Sodiq.

Tinubu, who thanked the party leaders, particularly Ambode, for respecting the wish of the party, prayed that the governor will live long. He also expressed gratitude to party elders for their reconciliatory moves.

Thanking the party faithful for their love, loyalty, support and commitment, he said: “Party supremacy and party discipline have been demonstrated. We came out of the GAC meeting where we decided on direct primary and you endorsed it.”

The former governor explained the delay in launching the official campaign, saying that the chapter was waiting for the release of the list of candidates by the electoral commission.

Reiterating the importance of the polls, Tinubu said: “Where we are going is more important. Here in Lagos, we must maintain a strong outing for APC, a party of progress, development and economy. We must differentiate between a developmental economy and a container economy. We will not accept to get Nigeria corrupt again.

“We suffered 16 years of their failure and fake promises. We have made progress in Lagos We have become the fifth largest economy in Africa. We have six million votes in Lagos. Your target should be half; three million or the entire six million. We must vote en masse for President Muhammdu Buhari and Prof. Yemi Osinbajo, our governorship candidate, senators, House of Representatives and Assembly candidates, and later, our chairmen and councillors.”

The party leader said the task before members is to gird their loins and use their votes to resist the PDP’s plot to capture Lagos, instead of regressing to intra-party quarrels and bickering.

He said: “Don’t fight. Some are going to Accord. Go and call them back. Anybody who betrays will be destroyed by that act of betrayal. Some people have gone to other parties, but they cannot beat us. It is important for you leaders to hold meetings. Local council chairmen and councillors and other leaders at the grassroots should hold meetings with those who are aggrieved.

“What is important are not rallies; we hold rallies in the rain and under the sun. But, the mobilisation at the wards are very important. The people should know where they are to vote. If they are annoyed, beg them. If they have complaints, report to us who are leaders. Councillors and chairmen have a lot to do. We must deliver over three million votes in Lagos. Party members will attend rallies. Others in the neighbourhood may not come. You need to mobilise them.”

Tinubu reflected on the plight of the APC in Osun State during the recent governorship election, lamenting that out of 49,000 votes voided by polling officers, 42,000 were cast for the party.

To avert the danger of vote voiding, he urged members to use their index fingers for thumb-printing on the small space on ballot papers on election day.

Tinubu lauded Sanwo-Olu for his bold reconciliatory moves, noting that he has been meeting with aggrieved aspirants who lost out during the primaries with his message of hope.

Tinubu, who called on volunteers to embrace party work, advised Lagosians not to sell their votes because the election is about their future.

He also warned against the danger of expecting transient political gains, stressing that the concrete gains of politics consist in spreading dividends of democracy, including good roads, schools, hospitals and other people-oriented welfare programmes.

Tinubu warned against subversion, saying that “anybody who has gone to the court to sue our party is not a committed member”.

Chiding the PDP flag bearer, Agbaje, for making unguarded statements about the liberation of Lagos, Tinubu said: “Those who said they wanted freedom should go and learn tailoring and vulcanising and we will do freedom for them later. They do not have the people. He was in the contest for the first and second times. He is in the contest for the third time. He will fail again.”

Ambode urged aggrieved aspirants and members to spare a thought for the party’s future, stressing that the party is supreme. He had requested that his deputy, Sanwo-Olu and Hamzat should speak before him so that “I will cap everything with my blessing”.

He said: “We need a greater party, a greater reunion and a greater country for us. Our leaders and candidates have shown that they are ready for the campaigns. We appeal to our aggrieved members to find a place in their hearts, to do the way I have accepted the greatness of our party. The party is supreme.”

The governor called for continuous reconciliation and compensation for aggrieved aspirants, who he said should be assured by the promise made to them by the party leadership.

He said: “We are one party and one family. if we are one party and one family, we should proceed to make APC the reigning party at the cente and in Lagos. I seek the cooperation, solidarity and support for all our candidates-President Muhammadu Buhari and Vice President Yemi Osinbajo on February 16 and for the Sanwo-Olu/Hamzat ticket in March. They will take over from me in good health.”

Mrs. Adebule, who stressed the need for vote training, particularly the use of the index finger for thumb-printing, predicted success for the APC at the poll.

He urged women to brace for the challenge of mobilisation, campaigns and voting, which they have always done to the credit of the party.

In her view, “Agbaje is a familiar rival who is very easy to defeat because of his weak platform and lack of popular support”.

The deputy governor said: “Women of Lagos State, we are committed to the cause. Yes. The cause of delivering the state to APC. The women will lead this campaign and deliver in 2019. Sanwo-Olu and Hamzat have shown that they are committed and competent to lead our party to victory.

“We should go from house to house, street to street to campaign and mobilise. The ballot paper is smaller now. We should use the index finger, the second finger, to thumb-print, to avoid voiding of votes.”

Sanwo-Olu believes Lagosians are ready to vote for APC candidates because of their belief in the party and what it stands for.

Urging party members to prepare for the days of decision-making, he said: “The work is just starting. We should go out there to deliver all our candidates. We should hold our hands in unity. It will be a government of continuity.”

The flag bearer berated Agbaje for what he described as a shortfall in historical perception, saying that his promise to free Lagos from bondage underscored his lack of understanding of the progress made in the last 19 years.

Sanwo-Olu said: “Are we in the 18th century? Are we in the 19th century? How can they say we are under bondage? Lagos is the fifth largest economy in Africa. Lagos contributes over 50 percent of the VAT to the Federal Government. We are not people of the past, but people of the future. We have seen them before. We will defeat them again.

“Let us prepare for the elections. We are not a party that has corrupted the country. We are a progressive party. We have come out of recession. For us in Lagos, we will always work for progress, development, infrastructural development. We will resolve  the power challenge and traffic snarl.

“From N600 million, we now generate N31 billion. We are not in bondage.”

The flag bearer admonished party members to put the primary behind them, adding that the challenge of the election is more than the shadow poll.”

Hamzat said: “The election is easy to win. You know why? For 16 years, PDP Federal Government did not construct a road. The Port-Harcourt-Enugu Road, the Second Niger Bridge, Aba-Onitsha Road were completed by the APC Federal Government. They are thieves.

“What is their role in the development of Lagos; only to be coming out to seek for votes. When we sought approval for federal assistance, what role did George and Agbaje play? In 1999, Lagos was a bankrupt state with n600 million IGR monthly. The salary was N1 billion.

“Lagos has been liberated. We have freedom in Lagos. That is why they are able to contest. The PDP government spent N1.7 trillion on power. They ordered containers and hid them for 10 years until we opened the gate. Their umbrella has torn. It is leaking.”

 

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Transcorp Group delivers impressive Q1 2024 performance; sustains revenue growth of 173% and PBT of N45 billion

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024.


In its Q1 2024 unaudited results, Transcorp reported significant year-on-year growth, with revenue rising to N88.6 billion from N32.4 billion in 2023, representing a 173% increase.


The impressive results are largely driven by a remarkable 209% year-on-year revenue growth within the power business, highlighting significant strategic progress as part of Transcorp Group’s implementation of its integrated power strategy.


The hospitality business recorded a 68% year-on-year growth in revenue, driven by an increase in occupancy rate from 75% to 82% compared to the previous year.


The results show substantial growth across all financial indicators, reinforcing its market leadership and strategic positioning.

Highlight of Transcorp Group Results:
• Q1 2024 Revenue was N88.6 billion, a significant increase of 173%, compared to Q1 2023.


• Operating income increased by 479%, from N8.5 billion in Q1 2023 to N49.1 billion in Q1 2024.


• Operating expenses saw an increase of 40% year on year to N8.2 billion in Q1 2024, reflecting the impact of inflation and cost of operations.


• Net finance cost increased by 14% to N3.7 billion in 2024 from N3.2 billion in 2023 due to a slightly higher interest rate review in line with MPR.


• Profit before tax from ordinary business of the Group surged by 1110%, amounting to N34.7 billion in Q1 2024, compared to N2.9 billion in Q1 2023 in the same period last year.


• Profit before tax inclusive of extra ordinary income was N45.7 billion in 2024 compared to N2.9 billion in 2023.


• The Group recorded extra ordinary income of N11 billion during the period from the realised gain from the sale of shares.


• Profit after Tax including the extra ordinary income improved 1832% year-on-year to N35.9 billion in Q1 2024, compared to N1.9 billion in Q1 2023 in the same period last year.


• Earnings per share of the Group was N61.12k in Q1 2024, compared to N2.58k in Q1 2023.


• On the balance sheet, total assets grew by 8.3%, from N530 billion in December 2023 to N574 billion in Q1 2024 due to the increase in operational activities.


• Shareholders’ funds increased by 20% from N187billion in December 2023 to N224 billion at the end of Q1 2024 due to profit accreted to retained earnings.

In response to the results, Dr. Owen D. Omogiafo, President/Group Chief Executive Officer of Transcorp, commented, “Our Q1 2024 results demonstrates Transcorp Group’s resilience and commitment to excellence.

Despite the challenges, we achieved growth across all major indices, focusing on operational efficiency at both our power plants, and maximising opportunities within our hospitality business, showing our ability to adapt and succeed in changing markets.

We will continue to deliver sustainable growth, operational efficiency, and value for our shareholders.”


This robust achievement is a further demonstration of the Group’s strategic focus and effective execution. Transcorp is dedicated to its transformation agenda, emphasising sustained growth and a relentless pursuit of long-term value for shareholders.

About Transnational Corporation Plc (Transcorp Plc)
Transnational Corporation Plc (Transcorp Group) is a leading, listed African conglomerate, with strategic investments in the power, hospitality, and energy sectors. Driven by its mission to improve lives and transform Africa, Transcorp has built a longstanding reputation for sector transformation, operational excellence, and exceptional financial performance, delivering value to its shareholders.
In the power sector, Transcorp’s businesses – Transcorp Power Plc and Transafam Power – provide over 16% of Nigeria’s installed power capacity.

Through its investments in the energy sector including OPL287, Transcorp is developing Nigeria’s domestic energy value chain.

The Group’s listed hospitality business, Transcorp Hotels Plc, owns the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination, and Aura by Transcorp Hotels, a digital hospitality platform enabling travellers to book accommodation across Africa.

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AEDC Partners with Government and Stakeholders to Tackle Power Challenges in Nasarawa and Niger State.

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Amid mounting concerns over erratic power supply in Nasarawa State, Abuja Electricity Distribution Plc (AEDC) has reaffirmed its commitment to addressing the electricity challenges facing the region.

Rt. Hon. Danladi Jatau, Speaker of Nasarawa State House of Assembly (middle), alongside Yakubu Suleiman Umar, GM of Nasarawa Electricity Power Agency (fifth left), and Engr. Johnathan Adeyemi, Chief Business Officer of Kogi, Niger, and Nasarawa (KNN) regions (sixth right), and other delegates engaged in a crucial dialogue on electricity service enhancement at the Nasarawa State House of Assembly, Lafia on April 30th, 2024.

Engr. Jonathan Adeyemi, AEDC’s Chief Business Officer for Kogi, Niger, and Nasarawa, represented tye Disco at the Nasarawa State House of Assembly on April 30th, 2024, following its summon by the assembly to address the pressing issues.

Acknowledging the frustrations of residents grappling with inconsistent electricity provision, AEDC assured Niger State’s residents of its proactive measures to ameliorate the situation. Promising increased allocation contingent on national generation improvements, AEDC emphasized its dedication to meeting the energy needs of the community. Engr. Adeyemi also urged residents to embrace the deregulation of prepaid meters to expedite their deployment, thus facilitating more efficient monitoring and management of electricity consumption.

During constructive discussions with representatives from the Nasarawa State House of Assembly, both entities resolved to collaborate towards enhancing customer satisfaction and improved service delivery.

In Niger State, AEDC is working to proactively ensure the safety and security of its personnel and infrastructure. Engr. Samuel Odekina, the Niger State Regional Manager and his team, paid a courtesy visit to key law enforcement officials, including the Commissioner of Police, Niger State, CP Ebenezer Danmamman, and the Commandant of NSCDC Niger State Command, Cmdr. Joachin Okafor, on April 26th, 2024. The aim was to foster a conducive environment for reliable electricity supply by addressing pertinent security concerns.

Through continued dialogue and cooperation among AEDC, government agencies, and customers, there exists a shared determination to surmount challenges and improve the electricity landscape in both Niger and Nasarawa state respectively.

Customers were advised to escalate all electricity-related issues via AEDC’s social media platforms or its offices for technical or commercial support.

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Tree4Life Project: NEPL/Seplat JV, Edo Sign Reforestation Agreement

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The NNPC Exploration and Production Ltd/Seplat Energy Joint Venture and the Edo State Government have signed an agreement that will see the state government allocate 6,000 hectares of land from its protected forest reserves to enable a large-scale tree planting initiative by Seplat Energy Plc.

This is in furtherance to the Seplat Tree4Life Initiative and the Edo State Government’s identification of the need to increase forest cover and carbon sequestration efforts within the region.

Seplat Energy has been selected as the partner to implement this reforestation project, which aims to plant millions of indigenous trees on the allocated land over the next five (5) years. This project represents a significant investment in environmental conservation and sustainable development for the state.

Speaking at the agreement signing ceremony, which happened in Edo State Government House, the Managing Director, Seplat West Limited, Seplat Energy, Ayodele Olatunde, said the partnership will contribute in the global efforts around mitigating the effects of climate change, whilst providing economic, social, health and other environmental benefits to the region.

“This will stir more advocacy as far as climate change is concerned and put the Edo State Government with the Seplat JV on the map as change agents. The partnership is well aligned with our Tree4Life Initiative and has the capacity to boost our economy and the environment; advance our soil health and drive carbon capture; preserve our ecosystem; enhance biodiversity; create jobs; conserve our forests; and promote physical and mental wellbeing of our people,” Olatunde said.

The Commissioner for Environment & Sustainability, Edo State, Joshua Omokhodion, said the synergy between Edo State and the Seplat JV is a huge attempt at mitigating the impacts of climate change in Nigeria. “Beyond the economics of this move, the science of it is very important to us because it is an attempt to deliberately create an ambience that will be conducive for humans and other creatures here.”

The Director, External Affairs & Social Performance, Seplat Energy, Chioma Afe, in her address, thanked the Edo State Government for partnering with the NEPL/Seplat JV on this sustainable journey of reforestation.  She said: “This will drive forward our shared goals of environmental conservation and sustainable land use.

“These 6,000 hectares of land being allocated today, we believe, will provide a major boost to efforts at increasing tree cover and also to sequester carbon in our region. We believe also that this will not only tackle climate change, but will promote the local economy as well as local wildlife. The agreement demonstrates the NEPL/Seplat JV strong commitment to supporting impactful environmental projects.

The Managing Director, NEPL, Nicolas Foucart, represented by Mr. Uzoma Ezulu, DM Operations Management Seplat, NEPL, said the partnership between the state government and NEPL/Seplat JV is a laudable response to the global warming crisis. “The world is turning around for the worst; human activities in the name of development have done more harm than good to the environment. The Tree4Life project, therefore, is a conservative effort for all of us,” he said. Teasoo Consulting Limited was also among the facilitators of the agreement signing ceremony.

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