News

We’ll protect your interest, Oyebanji tells LG workers

Published

2 weeks ago

October 19, 2024

….as NULGE holds appreciation rally at Governor’s office

MUBARAK LUKMON ADO EKITI

SPONSORED BY: H&H

Ekiti State Governor, Mr Biodun Oyebanji has told local government workers in the state that his government would take care of their interests in the implementation of the Supreme Court judgment on LG autonomy.

He said his administration is irrevocably committed to their welfare, assuring that they would not suffer any negative consequences as a result of the new admistrative and fiscal arrangement occasioned by the
Supreme court ruling.

The Governor disclosed this on Saturday morning when he received Local government workers under the aiges of the National Union of Local Government Employees (NULGE), who came on a solidarity visit to his office in Ado Ekiti.

The workers, led by leaders of the union and the Nigeria Labour Congress (NLC), were at the Governor’s office to thank the Governor for the completion of the Local Government Service Commission Building as well as other policies of the government that had promoted the interests of the workers.

Citing various peogrammes and policies of the Government, the workers said they would work assiduously for the Governor’s second term in office .

They described his election in 2022 as a worthwhile mandate well maximized for the interest of all Ekiti people, adding that they would mobilize support for his re- election.

The Local government workers, who spoke through their representatives led by the President, NULGEN, Comrade Oluseyi Olatunde, said the entire staff of local government in the state were irrevocably committed to Governor Oyebanji’s second term bid owing to the landmark achievements of the Governor through his visionary leadership and tireless efforts aimed at moving the state forward.

Comrade Olatunde, affirmed that Ekiti is tremendously lucky to have Governor Oyebanji in the saddle at a critical time like this stating that the governor had been able to bring Ekiti out of infrastructural decay and deliver local government workers from economic quagmire by activating economic prosperity and transformation through his mantra of share prosperity.

The NULGE president highlighted some of the governor’s achievements in the local government to include regular payment of pension to retirees, release of lump sum of N1.2Billion for payment of arrears of gratuities as well as payment of six months arrears of salaries and four months of deductions to both local government workers and primary school teachers.

While commending the positive disposition of the Governor to the plight of local government workers, Comrade Olatunde applauded payment of 2017 and 2018 leave bonuses, appointment of two additional Permanent Secretaries for the Commission, and forty five heads of local government administration, completion of the new secretariat complex for the commission as well as regular promotion of staff among others. He noted that all these and many more have endeared him to the heart of all Ekiti both at home and in the diaspora.

“We are here to say thank you for providing robust leadership. In less than one year in office, our health workers that have been marginalized and discriminated against for more than thirteen years, and you graciously put an end to this by approving and implementing health consolidated salaries for our health workers, thereby putting them at par with their counterparts in the state employ. A development that put an end to two salary regimes among health workers in the same sector.

The Governor stated that he had not done anything that is spectacular, adding that appreciation should be given to God and President Tinubu who provided the needed resources for his administration to thrive and which enabled him deliver dividends of democracy to the people.

He commended NULGE for being supportive of his administration before, during and after the election as some of them weathered the storm together with him to get people vote for him assuring them that on no account will he disappoint them.

“I don’t want any of you to be afraid of whatever is going to be the outcome of Supreme Court judgment on local government autonomy. We are going to look at what is happening in other states and give you the best.

“If there is anyone to thank, its President Tinubu, because he provided all the resources for us to do it. If Asiwaju has not shown favour for us in Ekiti, no matter how well I tried, I may not have been able to do this.

The president is supportive of our administration in Ekiti state.
“Whoever doesn’t believe in God, by what is happening today, must know that it can only be God. I will not ascribe anything to myself, everything you said I have done, it’s not me that is doing it, it’s God that has answered your prayers. I was looking at your faces this morning, and I know you are all happy.

On new minimum wage, the governor assured that council workers, primary school teachers and pensioner are being considered and he would not append his signature on any document until all workers are considered.

He added “I am not a governor of core civil service alone, I am a governor of all of you, because when so many workers in this state were sitting on the fence, you took a position and I can see that everywhere”. He stated.

News

The Pointer Award: Aniagwu hails Delta journalists

Published

1 day ago

October 29, 2024

august24admin

The Pointer Award: Aniagwu hails Delta journalists

DAN DENT (ASABA)

Delta State Commissioner for Works (Rural and Riverine Roads) Mr Charles Aniagwu has sent a message of appreciation to journalists in the state and country for their support since coming into governance in 2015.

Aniagwu who was bestowed with The Pointer Newspaper Public Service Excellence Award at the 30th Anniversary of the newspaper held yesterday at Grand Hotel and Resorts, Asaba, dedicated the award to journalists in the state and country.

Aniagwu a former Commissioner for Information in the state, appreciated immediate past Governor of the State, Senator Dr Ifeanyi Okowa and his successor Rt. Hon. Sheriff Oborevwori for finding him worthy to serve amidst other qualified Deltans.

Speaking on the sidelines of the event, Aniagwu said, “Let me appreciate my bosses starting with Senator Dr Ifeanyi Okowa who gave me the privilege to serve as his Commissioner for Information and of course the privilege I also have at the moment under the distinguished leadership of Rt. Hon. Sheriff Oborevwori.

“For me to have that say in this state, I deeply appreciate these leaders because it is possible that if these positions that I had the privilege to hold is also extended to any other Deltan they could possibly perform even better than I did.

“But to be distinguished and recognised, I give God the glory and for me it is a reminder of the need to try as much as possible when you are given a responsibility to discharge it with the best of your ability.

“When such recognition is coming from my colleagues, you know the journalism profession is one critical profession that tries to examine what people do.

“So when you have your colleagues who are in the same profession agreeing that you have done well, all you need do is to give glory to God and also appreciate them for the support they extended to you.

“In my sojourn as Chief Press Secretary and the Ministry of Information I really enjoyed the support of my colleagues both those in the media and those managing the media houses, my colleagues in Government and the state.

“I give God all the glory for the kind of support I have continued to enjoy since coming into this state for the purpose of working for the state government in 2015. I feel quite excited about this recognition and I do not take it for granted.”

Speaking on the journey so far for The Pointer Newspaper, Aniagwu commended the paper for weathering the storm over the years.

“I have had the privilege of presiding over the affairs of the paper and I can tell you that there a whole lot of misunderstanding around the operations of the newspaper.

“So much needs to be done especially as they are still printing through a third party process, it will be better if we can provide them with a good printing press, so that they begin to print for themselves.

“The moment they can print the paper by themselves, it will make it easier to increase the print run, it becomes easier to be in control of their speed as well.

“Once that is done and a proper distribution facility is provided, the paper can then have their independence to go and generate their own money and ensure they remit something to the state government.

“But I can tell you that the way they are now if thatASABA assistance is not given, they may still continue to struggle to be able to meet up.

“Looking at the conditions they operate, you will appreciate the women and men who work in that establishment that they are actually putting in a lot to be able to produce on daily basis.”

News

Transcorp Plc Completes Share Capital Reconstruction to Enhance Shareholder Value

Published

3 days ago

October 28, 2024

august24admin

AJAGBE ADEYEMI TESLIM

News

Transcorp Group Announces Further Impressive Financial ResultsQ3 2024 Figures Reveal 133% Revenue Growth and 303% Surge in Profits

Published

3 days ago

October 28, 2024

august24admin

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Transnational Corporation Plc (Transcorp Group), Nigeria’s leading listed conglomerate, has reported its financial results for the third quarter ending September 30, 2024, showcasing remarkable year-on-year growth.

The Group’s Q3 2024 unaudited results demonstrate strength across key financial performance measures, highlighting the success of its growth-driven strategy.

In Q3 2024, Transcorp Group achieved revenue of N298 billion, a 133% increase from N128 billion recorded in the same period of 2023. Profit before tax (PBT) increased by a remarkable 303%, to N105.5 billion, compared to N26.2 billion recorded in Q3 2023, further solidifying the Group’s position in Nigeria’s business landscape.

Key Financial Highlights:

Revenue Growth: 133% increase, rising to N298 billion from N128 billion in Q3 2023.

Profit Before Tax: Surged by 303% to N105.5 billion in Q3 2024, from N26.2 billion in the same period last year.

Total Assets: Grew by 29%, increasing from N530 billion in December 2023 to N684 billion in Q3 2024.

Shareholders’ Funds: Increased by 34%, from N187 billion in December 2023 to N251 billion in Q3 2024, driven by profit accreting to retained earnings.

Operating Expenses: Increased by 38% to N32 billion in Q3 2024, compared to N23 billion in the previous year, reflecting the impact of inflation on the cost of operations.

Net Finance Cost: Increased by 12% to N12 billion in Q3 2024, from N10 billion in Q3 2023, due to rising interest rates.
Owen Omogiafo, OON, President/Group Chief Executive Officer, Transcorp Group, attributed the Group’s exceptional performance to its focus on innovation, operational excellence, and ability to navigate a complex market environment.

She said: “We are proud of our consistent year-on-year growth. This remarkable financial performance is a reflection, once again, of our vision and spirit of execution. As we approach year end, we will focus on enhancing operational efficiency, investing in high-growth sectors, and delivering long-term value to our shareholders. We are investing for the future, particularly in the energy and hospitality sectors, delivering for our shareholders and our nation.”

About Transnational Corporation Plc

Transnational Corporation Plc (“Transcorp”) is one of Africa’s leading, listed conglomerates, with strategic investments in the power, hospitality, and energy sectors, driven by its mission to improve lives and transform Africa.

Transcorp’s power businesses – Transcorp Power Plc and Transafam Power Limited – provide over 20% of Nigeria’s installed power capacity. Transcorp is committed to developing Nigeria’s domestic energy value chain, through its investments in OPL28 and its renewable energy drive through Transcorp Energy Limited. The Group’s hospitality business, Transcorp Hotels Plc, owns the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination.

www.transcorpgroup.com