Business
NEWS PAPER, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY WEDNESDAY 29 NOV. 2017

Column Headlines
Why IPOB Fell Like A House Of Cards: Nnamdi Kanu’s Confessions By Churchill Okonkwo – Sahara Reporters
2018 budget: Facts behind the figures – Punch
Atiku, Atikulation and other stories – The Cable
Back to basics – The Sun
Can Okitipupa Oil Palm aid Ondo economic transformation – Punch
Dr. Goddy Okeke’s ridiculous reaction to Mrs. Folarin’s series – The Sun
GEJ, Abdullahi, Oduah and the missing verses – The Nation
Give The Nigerian Youth A Chance: A Memo To APC By SKC Ogbonnia – Sahara Reporters
Kaduna State as a mirror of the poor state of education in Nigeria: Gov El-Rufai deserves commendation (3) – Vanguard
Lamentation over World Cup qualification – Peoples Daily
Murder and gender politics in a corrupt society – Vanguard
Nzeogwu, St. John’s Kaduna and the other great Nigerian schools – The Sun
Random political musings: The earthquake of Atiku’s decampment from APC – The Sun
The killer wives are here – The Sun
Tolls on the roads again! – Punch
Punch
Buhari okayed Malamis meeting with me Maina
Senators, Reps pick holes in 2018 budget proposal
How Abias N2.9bn was diverted into Kalu firms account EFCC
Life getting harder for Nigerians under Buhari, says Okogie
Ending BHaram war now depends on political class Buratai
Ezekwesili blames men for Nigerias woes
Security clearance delays perm secs inauguration
Kaduna fires 4,000 LG workers, PDP kicks
Lawmakers shun budget presentation by Okorocha
The Cable
Pakistan begins purchase of Nigerias liquefied natural gas
Atiku-supporting minister meets Buhari, keeps mum on defection
PHOTOS: Tinubu on board as Buhari heads to Abidjan for EU-AU summit
I wont leave APC like Atiku, says Bindo after meeting with Buhari
Shame on you Bruce receives knocks on Twitter for saying Nigeria needs Atiku
Abaribe: 2018 budget totally fictitious already dead on arrival
Shell kicks as Amnesty calls for its probe over horrific crimes in Ogoni
Jerry Gana: Nigerians tired of APC, eagerly waiting for PDP
Amnesty charges national assembly to pass long overdue anti-torture bill
Senate to reconsider rejected nominee for INEC REC
NANS leader arrested for murder, robbery
Ikoyi whistleblowers drag EFCC, Malami, finance ministry to court
Generation companies: Load rejection by DisCos threatens survival of power sector
World Headlines
#mumtakeover – BBC
10-minute changes to your daily routine that can make you happier – Business Insider
15 signs your coworker is a psychopath – Business Insider
18 Funny Holiday Cards For Couples Who Hate Cutesy Stuff – Yahoo
2 Tools To Boost Your Resilience And Bounce Back After Failure – Forbes
37 photos that show how Victoria’s Secret Angels have changed over the years – Business Insider
4-Hour Workweek’ author Tim Ferriss says you should always consider 2 things before taking any advice – Business Insider
5 Surprising Ways That You Can Influence Your Baby Before They Are Born – Forbes
6 body language tricks that are hard to master but will pay off for life – Business Insider
7 Steps Towards Creating An Open Brand – Forbes
8 Reasons Why Bringing Back Overseas Cash Won’t Create Jobs – Forbes
A delicious street food tour of Old Delhi – CNN
A federal judge just gave Trump a huge victory in the battle over the top financial watchdog – Business Insider
A former NASA flight director explains why he couldn’t do anything but lie alone in a darkened room during parts of space missions – Business Insider
Actress' Lawsuit Accuses Weinstein Brothers Of Sex Trafficking – Yahoo
ADPVoice: The EU GDPR: What To Know About The EU’s General Data Protection Regulation – Forbes
ADPVoice: The W-2 Form: New Codes And What You Should Know – Forbes
After Last Year’s Notable Snubs, Rap And R&B Dominate 2018 Grammy Nominations – Huffington Post
Vanguard
South East not excluded in appointment of Appeal Court Judges ‘ NJC
2018 Budget projections unrealistic ‘ senators
Community, herdsmen clash: Abia CP urges Myetti Allah to compile list of members
IGP directs Police Commissioners to undergo public relations training
WARDC tasks FG on gender-based violence
Ohanaeze crisis: Parent body takes over administration of Lagos Chapter
Osinbajo commissions cashew plant in Kwara
Polytechnic system endangered by FG, says ASUP
Education gets 26.4%, as Jigawa Gov budgets N134.17bn for 2018
Peddler hides hemp in pants; nabbed at Ogun Prison
Winner of Everyday Bonanza promises to convert his family to Glo
Maritime insecurity: Naval Chief tasks personnel
Name thieves in Buhari’s govt, Fayose tells Maina
Peoples Daily
Buhari to govs: Pay salary arrears before Christmas
Hike in electricity tariff inevitable ‘ Osinbajo
Senate wants 215mw Kaduna Power Plant commissioning halted over poor execution
Transparency: Freedom of information Sacrosanct ‘ FG
Outrage as couple’s sex video goes viral in Taraba
Tax: FIRS generates N3.233trn in 10 months
Alleged fraud: ICPC arraigns ex Aso Savings boss, Maimuna
Buhari attends EU-AU summit in Abidjan
Commission inspects 2015/2016 federal projects in South East
2019: APC’s failure campaigning for PDP ‘ Makarfi
PDP can’t sack Buhari, with or without Atiku ‘ Okupe
Premium Times
Over 3,000 people dead or missing in Mediterranean for fourth year ‘ IOM
Buhari ordered AGF Malami to meet with me, ensure my reinstatement ‘ Maina
Amnesty International proffers solutions to curb torture in Nigeria
OAU workers ground school over sharing of earned allowances
Renowned Egyptian actress, singer dies at 86
Ikoyi N13 billion: Nigerian govt. laments emergence of more ‘whistle-blowers
FCTA promotes over 3,000 officials
Why FG plans to sell TBS, National Arts Theatre ‘ Official
Nigerian Pilot
Labour ministry partners German cooperation on regular migration and integration
SARS nabs 6 armed robbers, recovers bus snatched at gunpoint in Benue
Delta Govt cautions Arewa Community for opposing redevelopment
Crises over suspension of two Kaduna PDP lawmakers
FG files additional charges against Senator Misau
Gov Abubakar presents N134.17bn 2018 appropriation bill
SMEDAN warns over rising population of unemployed youths
Suspected killers of UNIOSUN student plead guilty
Troops kill 14 Boko Haram terrorists, rescue 30 civilians in Borno
Buhari not fighting corruption ‘ Igwe Nnaji
Concerns over alleged ethnic cleansing of Edo Central Zone
SPORTS
150 taekwondists set for Korean Ambassador’s Cup – New Telegraph
5 talking points from Tottenham's 2-1 defeat at Leicester – Yahoo
Abia Warriors complete signing of 5 new players – Nigerian Pilot
Adekuruoye vows to defend national wrestling title – New Telegraph
Adepoju Counsels Super Eagles’ Players Ahead World Cup – Daily Independent
Amate wins 2017 CBN Governor’s Cup Golf Competition – Nigerian Pilot
Anxiety as FIBA’s axe dangles on Nigeria – New Telegraph
Arsenal Can Mount Title Challenge – Daily Independent
Arsenal Transfer News: Nabil Fekir Reportedly Set to Replace Alexis Sanchez – Bleacher Report
Arsenal wont sell Ozil and Sanchez in January, Wenger says – Daily Trust
Ashley Young stings Watford as Hornets run Manchester United close – Yahoo
Ashley Young’s Brace vs. Former Club Leads Manchester United to Win vs. Watford – Bleacher Report
Bale back with a vengeance to help Real Madrid survive Copa scare – Goal
Bale rescues young Real Madrid as LaLiga champions mount comeback against minnows – Yahoo
Bale returns to help Real avoid cup embarrassment at third-tier side – BBC
Benching of Eli Manning Ends an Era for the Giants in the Ugliest Way Possible – Bleacher Report
Big Ten/ACC Challenge 2017: Georgia Tech, Florida State Score Early Wins – Bleacher Report
ENTERTAINMENT
10 movies you should see this weekend: Little Drops of Happy, Justice League – Nigerian Pilot
31 Migrants die,eaten by sharks as boat capsizes in the Mediterranean. – Miss Petite
6 Problematic Things that Nigerian Men Have Been Raised to Believe – Bellanaija
Ace Comedian Baba Sala Is Dead – Stella Dimoko Korkus
Angela Lansbury says women must ‘sometimes take blame’ for sexual harassment – CNN
AY and wife celebrate 9th wedding anniversary – Miss Petite
Banky W: Kate Henshaw reacts to Adesua’s naked photo – DailyPost
Big-haired ‘White Knight of Soul’ Wayne Cochran dies at 78 – Associated Press
BN Beauty: Makeup Routine with Fenty Beauty Galaxy Palette by imakeyoubeeliv – Bellanaija
BN Pick Your Fave: Lala Akindoju and Linda Osifo in 2207 – Bellanaija
Bobrisky Says His ‘Bae’ Is A Government Official – Sahara Reporters
Breaking: Baba Sala reported dead not dead – Vanguard
Bruce Springsteen Extends Run On Broadway – Channels TV
Business
As Nigerians Battle Pains Of Soaring Petrol Price
This is more than just about fuel; it’s about the larger picture of governance failure. The fact that a country as oil-rich as Nigeria can’t provide affordable fuel for its people is a tragedy.

BY IFEANYI MOGBOLU
The Daily Times-The latest fuel price hike in Nigeria is beyond frustrating. Every time we think it can’t get worse, it does, and yet again, ordinary Nigerians bear the brunt of it.
It’s like a never-ending cycle, where the government’s promises of reforms or stabilisation always end up as empty rhetoric. The cost of living is already sky-high, and now, with fuel prices rising again, transport fares, food prices, and basic commodities are bound to follow suit.
It’s enraging because it doesn’t feel like anyone is truly considering the everyday citizen who is struggling just to survive.
This is more than just about fuel; it’s about the larger picture of governance failure. The fact that a country as oil-rich as Nigeria can’t provide affordable fuel for its people is a tragedy. The subsidies are gone, and now we’re left in a situation where the prices of everything keep climbing, while salaries remain stagnant or non-existent for many.
The disparity between the elites and the masses is growing, and it feels like nobody in power truly cares about the suffering of the people.
READ ALSO: NNPC Lied About Pump Price, Our Fuel Is 15% Cheaper Than NNPCL’s Imported Ones — Dangote
Hardship: ‘Suspend All Policies Impoverishing Nigerians’, NASME Begs Tinubu
Naira Hits Six-month Low In Official FX Market, Prof. Steve Hanke Slams Tinubu
The anger isn’t just about fuel; it’s about the entire state of living. Nigerians are exhausted. There’s no sense of security; power supply is erratic, basic infrastructure is crumbling, and inflation is at an all-time high. How do we live like this? Every day is a battle to make ends meet, and the government seems utterly disconnected from the struggles on the ground.
It’s infuriating that while politicians and elites live in luxury, the rest of us are left scrambling for the bare minimum. The state of living is unbearable, and the lack of empathy or real action from those in power only adds salt to the wound.
There’s a deep sense of anger and betrayal that comes with seeing your country’s wealth mismanaged, while the people continue to suffer. It’s hard not to feel like we are constantly being taken for granted, pushed further into hardship without any hope of relief. Something has to give, because this state of affairs is unsustainable.
QUOTE:
The anger isn’t just about fuel; it’s about the entire state of living. Nigerians are exhausted. There’s no sense of security; power supply is erratic, basic infrastructure is crumbling, and inflation is at an all-time high. How do we live like this? Every day is a battle to make ends meet, and the government seems utterly disconnected from the struggles on the ground. It’s infuriating that while politicians and elites live in luxury, the rest of us are left scrambling for the bare minimum.
Business
Nigeria To Receive $5.600,000 From Bill Gates, For Health And Agricultural Reforms, GMOs
Alongside the activities surrounding the 79th United Nations General Assembly in New York, Vice President Kashim Shettima held a meeting with the Bill and Melinda Gates Foundation leading to the announcement of the donation by the Foundation’s head of Global Development.

Bill and Melinda Gates Foundation is giving Nigeria through Vice President Kashim Shettima, a $5.600,000 funds to speedy up health and agricultural reforms in favour of the GMOs in Nigeria, and flood relief.
Through the Foundation’s head of Global Development Programme, Dr Christopher Elias, Bill Gates pledged $5 million grant approved for Lagos Business School and partners to develop the agricultural economics they called “industrial cassava” and $600,000 for flood relief in Borno State and other health sector initiatives.
Alongside the activities surrounding the 79th United Nations General Assembly in New York, Vice President Kashim Shettima held a meeting with the Bill and Melinda Gates Foundation leading to the announcement of the donation by the Foundation’s head of Global Development.
Recall that on 4 September, Bill Gates had described the Nigeria’s economy as “stagnated” and proposed agricultural reforms for faster and increased growths in crops, fruits, vegetables amongst others to enhance nutritional values of the Nigerian citizens through the agricultural sector.
In that meeting Chaired by Vice President Kashim Shettima, Bill gates urged Nigeria to adopt “innovative crop varieties with shorter growing periods, higher yields, and better pest resistance” pointing to the GMOs to address the food crisis.
READ ALSO: Bill Gates, Anthony Fauci and conspiracy theories (part 2)
Nigeria’s economy stagnated – Bill Gates
Nigeria Is Not Meant To Exist, A Collateral Damage And British Royal Niger Corporation -Burna Boy
Moreover, at the 79th UN General Assembly in New York, VP Shettima reaffirmed to the Bill and Melinda Gates Foundation, the commitment of the administration of President Bola Ahmed Tinubu prioritizing health, nutrition, and agricultural development in Nigeria’s national agenda.
In a statement by Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha, Shettima said: “we are deeply committed to addressing the pressing developmental challenges facing our nation, particularly the significant malnutrition crisis”.
He emphasised the Federal Government’s dedication and urgently working to secure locations for maize production under the Telemaze programme.
VP Shettima, promising swift action to the Gate’s Foundation on import permits for certified seeds, the VP said, “We recognize the critical importance of food security and industrial agricultural development. The Cassava Accelerator programme, in particular, holds immense potential for our economy.
“We are pursuing a whole-of-government approach to digitisation and data exchange systems, which we believe will revolutionise our public services,” he added while reiterating the government’s focus and commitment to digital transformation.
“With the expertise” of Nigeria’s ministers, “and the continued support of partners like the Gates Foundation,” the nation remains confident in its “ability to drive meaningful change and improve the lives of all Nigerians.”
In his response, President of the Global Development Programme at the Gates Foundation, Dr. Christopher Elias, said the Foundation is burdened with worries of the severe flooding in Borno, and is “committed to supporting Nigeria in times of crisis.”
Speaking of Polio, the Foundation said, “We’re impressed by the national task force’s efforts to eliminate variant polioviruses by year-end,” Dr. Elias noted.
Also, President of Global Growth & Opportunity Division at the Bill & Melinda Gates Foundation, Rodger Voorhies, detailed plans for scaling up drought-tolerant maize production and advancing the Nigeria Cassava Investment Accelerator programme emphasizing that a $5 million grant has been approved for Lagos Business School and partners to develop the agricultural economics of industrial cassava.
In his words, “Industrial cassava presents a multi-billion-dollar opportunity for Nigeria,” Voorhees stressed.
He requested import permits for 5,000 metric tons of certified GMO maize seed to build a foundation seed system in Nigeria.
Business
Managing, Leading, Building Institutions And Sustainability
The two primary tasks of a top-level leader are to exploit and explore the organisation with people for now and in the future.

By Babs Olugbemi
One of my concerns for leaders is their capacity to be ambidextrous. Regardless of years of experience, knowledge, and leadership capacity, the lack of a clear distinction between managing and leading on the one hand, leading and building institutions on the second layer, and ultimately focussing on sustainability is a significant threat to successful leadership change.
I have followed events and people at C-suites, coached some, and developed frameworks for leadership development. Based on the personalities and styles of the new leaders, I have confirmed my fears about leadership sustainability in most African organisations.
“Successful leaders can aptly differentiate themselves and their roles without necessarily seeing activities as performance, focussing on what is required of them with appropriate tenacity and influence.”
The challenge for leaders is how to lead for the present and future without losing sight of the stakeholders’ immediate performance expectations. Successful leaders can aptly differentiate themselves and their roles without necessarily seeing activities as performance, focussing on what is required of them with appropriate tenacity and influence.
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Afrocentric colonialism: The new face of African oppression
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In my walk as a leadership coach, I have keenly observed leaders who are managing rather than leading. Managing involves ensuring that processes achieve their intended outcomes. Leaders are above managing and should focus on creating an enabling environment for innovation, inventions, and team collaboration. The primary role in leading is not to monitor process outcomes, though critical to the company’s overall objectives, but to align corporate values with the people’s aspirations to create an engaged and ownership-thinking mindset ready to take on challenges and explore opportunities. An alignment of corporate and personal goals will not only deliver the present performance expectations. Still, it will also incubate innovations to adapt to future market demands and the sustainability of the business.
Unfortunately, the capacity for ambidexterity is rare and often marked by leaders’ exposure, approach and styles, perception, and perspective of their roles in the organisation. A leader with a wrong foundation in these areas is set for failure and awaits unfavourable decisions from the board of directors. A top-level leader might manage their teams instead of leading them. Not all leaders can combine leading for the present with building institutions. However, anyone able to submit themselves to an institution-building mechanism can champion sustainability. Aside from being a leadership coach, I help leaders achieve sustainability.
Mathematically, creating an ambidextrous organisation is beyond leading. It is to lead and build an institution that focuses on sustainability in all aspects of the organisation—employee fulfilment, customer retention, strategy effectiveness, performance evaluation, stakeholder management, process improvement, and goal congruence.
In a nutshell, the role of successful leaders in ambidextrous organisations is striking a balance between exploiting current assets and capabilities to ensure short-term success and allocating enough energy and resources to exploration to ensure future viability. The two primary tasks of a top-level leader are to exploit and explore the organisation with people for now and in the future. The two seemingly contradictory aspects—exploitation and exploration—encompass different strategies and processes and have different targets and outcomes (March 1991; O’Reilly & Tushman, 2004; O’Reilly & Tushman, 2013).
O’Reilly and Tushman described the two concepts as follows:
- Exploiting: Exploiting involves building on an organisation’s achievements and maximising returns on previous investments. It focuses on responding to current business demands to remain efficient and competitive within an established market niche, as well as on maintaining an existing customer base and stakeholder relationships. Examples of exploiting are activities focused on continuous improvement, benchmarking, and redesigning business processes.
- Exploring: Exploring focuses on expanding an organisation’s knowledge and capabilities, pioneering new products and services, and discovering and venturing into untapped markets.
The common area of practical bottlenecks in exploiting and exploring in organisations is a need for foundational trust and cohesion among the resources, especially the human capital, which are often treated as costs rather than assets to the organisations. Among all the factors of production, only humans can be ambidextrous with the capacity to think about changes in economic parameters and adjust their behaviours to match the time, content, and contextual requirements.
While organisations might have the resources to deploy in fighting competition, technology to obtain first-mover advantages, and production capacity to maximise output from input, none is compared with the potential of an engaged workforce.
Therefore, for leaders to be successful, they must refrain from operating in the realm of managing. They should operate in the capacity of institution builders, with the mindset of creating sustainable leadership and growth with people first and other factors of production second.
Consequently, only the leaders who prioritise their people over profits, pride, and organisational arrogance will be successful in the long term.
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