Summary of the top business, economic and political news in Nigeria today.
- Acting president, Yemi Osinbajo, says refineries in the country have not lived up to expectations because they are government-owned. “Government cannot just go and be setting up refineries. If government sets up refineries and uses its people to run it, it won’t work. We have good examples in all the refineries that we have seen,” he said. Link
- The ban on imported packaged sugar into the country by the Federal Government has not been lifted, the Executive Secretary/CEO, National Sugar Development Council (NSDC), Latif Busari has said. He advised importers of sugar to either produce in Nigeria or move their products elsewhere, saying this position is in line with Section 9.3.1 (1V) of the Nigeria Sugar Master Plan as approved. Link
- The Standards Organisation of Nigeria (SON) has developed an e-clearance system, in a bid to ensure that its quality control and standardisation measures do not delay regulated goods coming into the country. Link
- The Senate on Thursday raised the alarm over an imminent blackout in the northern part of the country due to zero gas supply to the 215 megawatts Kaduna power plant, adding that the development had led to a shutdown of the industrial sector in the region. Link
- The Central Bank of Nigeria, CBN on Thursday said it would hold a special Open Market Operation (OMO) operation to further check inflation in the economy as a result of pressures on the value of the Naira. The operation would involve mopping up of about N200.322 billion from the Nigerian banking system at the rate of 16 per cent per annum. Link
- The operators in the Micro, Small and Medium Enterprises sector of the economy are asking for the establishment of a new development finance institution that can cater to the needs of micro enterprises. The President, Nigerian Association of Small and Medium Enterprise Farmers Cooperatives, Dr. Adams Adebayo, noted that the forex window did not benefit micro enterprises as most of them sourced their inputs locally. Link
- The Central Securities Clearing Systems Plc’s assets as of December 31, 2016 were worth N27.13bn. The company described 2016 as a challenging financial year, as it recorded a 38.61 per cent dip in gross earnings from N7.6bn to N6.17bn. Link
- The Federal Government lost over (about N475.8 billion) to the granting of tax waivers under the pioneer status scheme to oil and gas companies in the upstream sector between 2009 and 2016. Specifically, the Nigeria Extractive Industries Transparency Initiative (NEITI) put the figure at $1.17 billion between 2009 and 2014. But between 2014 and 2016, the figure rose to $1.56 billion. Link
- Deposit Money Banks in the country have raised a total of N26bn in line with their commitment to provide equity funding for agro-based Small and Medium-scale Enterprises. Link
- The European Commission yesterday announced a support package of €143 million for the early recovery and reconstruction needs in Borno State. The package is meant to ameliorate the suffering from a worsening humanitarian crisis in the state. Link
- The Nigerian Union of Teachers (NUT) has endorsed the move by the Federal Government to sack those teaching in public schools without professional certificates by 2018. Link
- The federal government has launched a tax enlightenment campaign to canvass tax payments at mosques, churches, markets and other public places. Speaking while launching the scheme, titled; Nigerian Voluntary Asset and Income Declaration Scheme (VAIDS), the Minister of Finance, Mrs Kemi Adeosun said the project will engage 7500 young Nigerians through the N-Power portal. Link
- The Federal Government, yesterday, ruled out total deregulation of the downstream sector of the petroleum industry. Link
- The West Africa Gas Pipeline (WAPCo) has embarked on alternative source of transporting gas from Republic of Benin, which is gradually becoming an oil-producing country, for other West African countries. It was gathered that WAPCo has begun talks with Dangote Refinery to buy gas to bridge an estimated 300 million standard cubic feet of gas per day (mmscfd) deficit in Ghana by the year 2020, which has dire consequences for power generation in Ghana. Link
- A lokoja High Court has reserved judgment till June 29, in a suit by Kogi State government against Globacom Nigeria Ltd. The government sued Globacom for its alleged refusal to settle an outstanding tax balance of over N222 million to its internal revenue service. Link
- NIPCO Plc has approved new appointments in the company including the elevation of the former Managing Director, Mr Venkataraman Venkatapathy to the position of Group Managing Director [GMD]. Mr Sanjay Teotia is now the Managing Director of the company while the former Executive Director, Corporate Services, Alhaji Abdulkadir Aminu is now Group Executive Director [GED], Corporate Services. The appointments followed the successful acquisition of ExxonMobil 60% equity in Mobil Oil Nigeria Plc by NIPCO and now the majority shareholder of the company. Link
- Julius Berger Nigeria Plc, for the first time in over two decades of operation in the country did not smile home with dividend pay-outs. The company recorded N3.7 billion loss in its 2016 financial year made public yesterday at the its 47th Annual General Meeting in Abuja. The N3.7 billion losses are against the N2.8 billion profits it recorded in the 2015 financial year. It also declared a zero dividend of 2.68 basic earnings per share as against the 2.01 earnings per share in 2015. Link
- PAN Nigeria Limited has completed work on a new model of Peugeot 301 and is set to launch it as 301 Midlife. The company said the redesign of the luxury sedan was in line with its promise of giving its customers in Nigeria the latest of automobiles being manufactured by its parent company in France in order to keep pace with the rest of the world. Link
- JetWest airline will begin operation in Nigeria’s troubled aviation industry in December, its officials have said. The aviation industry has sunk into turbulence since the recession which has driven up costs and made foreign currency scarce in an industry that is forex dependent. However, a Nigerian Civil Aviation Authority (NCAA) official said yesterday the agency is unaware of an application from JetWest. Link
- The management of FBN Holdings Plc on Thursday said it was targeting a Non-performing Loans (NPL) ratio of less than 20 per cent for the financial year ending Dec. 31, 2017. The Managing Director of the company, Mr. UK Eke, said that the company’s NPL would be less than 20 per cent by second quarter of 2017 against 26 per cent in the first quarter. Link
- The federal government has recovered N13 billion pension liabilities from NICON Insurance Limited as part of efforts to recover all pension intervention funds paid to insurance companies before the Pension Reform Act, 2014. Link
- Shoprite Nigeria has reaffirmed its commitment to local products with its ‘Made- in-Nigeria’initiative, which has benefited producers and customers. The majority of products sold by Shoprite are sourced within the country. By pledging to stock more local produce across its 23 stores, Shoprite is highlighting its commitment to the economic growth. Link
- Telecoms company, Etisalat Nigeria has said on Friday that it is working with its lenders and Abu Dhabi state investment fund Mubadala, the second-largest shareholder in the business, to resolve debt woes it said were caused by a devaluation of the naira currency. Link
- The Imo State government has reinstated the 1,600 local councils staff that were suspended about five months ago. Governor Rochas Okorocha made the announcement at the Imo Trade and Investment Centre, Owerri, where he directed the immediate payment of their five months salary arrears. Link
- The Speaker, House of Representatives, Yakubu Dogara, yesterday said that the National Assembly has powers of appropriation. Acting President Yemi Osinbajo was reported in the media to have said that the lawmakers lack such powers. Reacting to a matter of privilege by Lawal Abubakar (APC, Adamawa), Dogara said the claim, which was widely reported by the media has no basis and should not be taken seriously by any right thinking citizen. Link
- The Kano State government has spent over N419,207,744 on Ramadan feeding in the 44 local governments. Chairman, Supervisory Committee of the Ramadan Feeding Mohamed Garba, who gave a breakdown of the disbursement of funds yesterday, said the government released N308, 353, 744 to the state, N110,854,000 and to the local government, bringing to total figure to N419, 297,744 million. Link
- The Economic and Financial Crimes Commission (EFCC) yesterday told the Federal High Court in Lagos that a senator representing Delta North, Peter Nwaoboshi, allegedly defrauded the state of N1.5billion and laundered part of it through a company known as Suiming Nigeria Ltd. Link
COVID-19 Update in Nigeria
On the 4th of August 2020, 304 new confirmed cases and 14 deaths were recorded in Nigeria.
The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increase as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 44,433 confirmed cases.
On the 4th of August 2020, 304 new confirmed cases and 14 deaths were recorded in Nigeria, having carried out a total daily test of 1,601 samples across the country.
To date, 44,433 cases have been confirmed, 31,851 cases have been discharged and 910 deaths have been recorded in 36 states and the Federal Capital Territory. A total of 289,133 tests have been carried out as of August 3rd, 2020 compared to 287,532 tests a day earlier.
COVID-19 Case Updates- 4th August 2020,
- Total Number of Cases – 44,433
- Total Number Discharged – 31,851
- Total Deaths – 910
- Total Tests Carried out – 289,133
According to the NCDC, the 304 new cases are reported from 19 states- FCT (90), Lagos (59), Ondo (39), Taraba (18), Rivers (17), Borno (15), Adamawa (12), Oyo (11), Delta (9), Edo (6), Bauchi (4), Kwara (4), Ogun (4), Osun (4), Bayelsa (3), Plateau (3), Niger (3), Nasarawa (2) and Kano (1)
Meanwhile, the latest numbers bring Lagos state total confirmed cases to 15,414, followed by Abuja (4,087), Oyo (2,782), Edo (2,317), Rivers (1,859), Kano (1,598), Delta (1,529), Kaduna (1,498), Ogun (1,411), Plateau and Ondo (1,243), Enugu (846), Ebonyi (808), Kwara (790), Katsina (746), Borno (628), Gombe (620), Abia (602), Osun (584), and Bauchi (565).
Imo State has recorded 469 cases, Benue (356), Bayelsa (342), Nasarawa (341), Jigawa (322), Niger (226), Akwa Ibom (221), Adamawa (176), Sokoto (154), Ekiti (152), Anambra (135), Kebbi (90), Zamfara (77), Taraba (72), Yobe (67), Cross River (58), while Kogi state has recorded 5 cases only.
Lock Down and Curfew
In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.
The movement restriction, which was extended by another two-weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.
On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.
|Date||Confirmed case||New cases||Total deaths||New deaths||Total recovery||Active cases||Critical cases|
|August 4, 2020||44433||304||910||14||31851||11672||7|
|August 3, 2020||44129||288||896||8||20663||22570||7|
|August 2, 2020||43841||304||888||5||20308||22645||7|
|August 1, 2020||43537||386||883||4||20287||22567||7|
|July 31, 2020||43151||462||879||1||19565||22707||7|
|July 30, 2020||42689||481||878||5||19270||22541||7|
|July 29, 2020||42208||404||873||5||19004||22331||7|
|July 28, 2020||41804||624||868||8||18764||22172||7|
|July 27, 2020||41180||648||860||2||18203||22117||7|
|July 26, 2020||40532||555||858||2||17374||22300||7|
|July 25, 2020||39977||438||856||11||16948||22173||7|
|July 24, 2020||39539||591||845||12||16559||22135||7|
|July 23, 2020||38948||604||833||20||16061||22054||7|
|July 22, 2020||38344||543||813||8||15815||21716||7|
|July 21, 2020||37801||576||805||4||15677||21319||7|
|July 20, 2020||37225||562||801||12||15333||21091||7|
|July 19, 2020||36663||556||789||11||15105||20769||7|
|July 18, 2020||36107||653||778||6||14938||20391||7|
|July 17, 2020||35454||600||772||3||14633||20049||7|
|July 16, 2020||34854||595||769||9||14292||19793||7|
|July 15, 2020||34259||643||760||6||13999||19500||7|
|July 14, 2020||33616||463||754||10||13792||19070||7|
|July 13, 2020||33153||595||744||4||13671||18738||7|
|July 12, 2020||32558||571||740||16||13447||18371||7|
|July 11, 2020||31987||664||724||15||13103||18160||7|
|July 10, 2020||31323||575||709||20||12795||17819||7|
|July 9, 2020||30748||499||689||5||12546||17513||7|
|July 8, 2020||30249||460||684||15||12373||17192||7|
|July 7, 2020||29789||503||669||15||12108||17012||7|
|July 6, 2020||29286||575||654||9||11828||16804||7|
|July 5, 2020||28711||544||645||11||11665||16401||7|
|July 4, 2020||28167||603||634||6||11462||16071||7|
|July 3, 2020||27564||454||628||12||11069||15867||7|
|July 2, 2020||27110||626||616||13||10801||15693||7|
|July 1, 2020||26484||790||603||13||10152||15729||7|
|June 30, 2020||25694||561||590||17||9746||15358||7|
|June 29, 2020||25133||566||573||8||9402||15158||7|
|June 28, 2020||24867||490||565||7||9007||14995||7|
|June 27, 2020||24077||779||558||4||8625||14894||7|
|June 26, 2020||23298||684||554||5||8253||14491||7|
|June 25, 2020||22614||594||549||7||7822||14243||7|
|June 24, 2020||22020||649||542||9||7613||13865||7|
|June 23, 2020||21371||452||533||8||7338||13500||7|
|June 22, 2020||20919||675||525||7||7109||13285||7|
|June 21, 2020||20242||436||518||12||6879||12847||7|
|June 20, 2020||19808||661||506||19||6718||12584||7|
|June 19, 2020||19147||667||487||12||6581||12079||7|
|June 18, 2020||18480||745||475||6||6307||11698||7|
|June 17, 2020||17735||587||469||14||5967||11299||7|
|June 16, 2020||17148||490||455||31||5623||11070||7|
|June 15, 2020||16658||573||424||4||5349||10885||7|
|June 14, 2020||16085||403||420||13||5220||10445||7|
|June 13, 2020||15682||501||407||8||5101||10174||7|
|June 12, 2020||15181||627||399||12||4891||9891||7|
|June 11, 2020||14554||681||387||5||4494||9673||7|
|June 10, 2020||13873||409||382||17||4351||9140||7|
|June 9, 2020||13464||663||365||4||4206||8893||7|
|June 8, 2020||12801||315||361||7||4040||8400||7|
|June 7, 2020||12486||260||354||12||3959||8173||7|
|June 6, 2020||12233||389||342||9||3826||8065||7|
|June 5, 2020||11844||328||333||10||3696||7815||7|
|June 4, 2020||11516||350||323||8||3535||7646||7|
|June 3, 2020||11166||348||315||1||3329||7522||7|
|June 2, 2020||10819||241||314||15||3239||7266||7|
|June 1, 2020||10578||416||299||12||3122||7157||9|
|May 31, 2020||10162||307||287||14||3007||6868||7|
|May 30, 2020||9855||553||273||12||2856||6726||7|
|May 29, 2020||9302||387||261||2||2697||6344||7|
|May 28, 2020||8915||182||259||5||2592||6064||7|
|May 27, 2020||8733||389||254||5||2501||5978||7|
|May 26, 2020||8344||276||249||16||2385||5710||7|
|May 25, 2020||8068||229||233||7||2311||5524||7|
|May 24, 2020||7839||313||226||5||2263||5360||7|
|May 23, 2020||7526||265||221||0||2174||5131||7|
|May 22, 2020||7261||245||221||10||2007||5033||7|
|May 21, 2020||7016||339||211||11||1907||4898||7|
|May 20, 2020||6677||284||200||8||1840||4637||7|
|May 19, 2020||6401||226||192||1||1734||4475||7|
|May 18, 2020||6175||216||191||9||1644||4340||7|
|May 17, 2020||5959||388||182||6||1594||4183||7|
|May 16, 2020||5621||176||176||5||1472||3973||7|
|May 15, 2020||5445||288||171||3||1320||3954||4|
|May 14, 2020||5162||193||168||3||1180||3815||4|
|May 13, 2020||4971||184||164||6||1070||3737||4|
|May 12, 2020||4787||146||158||6||959||3670||4|
|May 11, 2020||4641||242||152||10||902||3589||4|
|May 10, 2020||4399||248||142||17||778||3479||4|
|May 9, 2020||4151||239||127||11||745||3278||4|
|May 8, 2020||3912||386||118||10||679||3115||4|
|May 7, 2020||3526||381||108||4||601||2818||4|
|May 6, 2020||3145||195||104||5||534||2507||1|
|May 5, 2020||2950||148||99||5||481||2370||4|
|May 4, 2020||2802||245||94||6||417||2291||2|
|May 3, 2020||2558||170||88||2||400||2070||2|
|May 2, 2020||2388||220||86||17||351||1952||2|
|May 1, 2020||2170||238||69||10||351||1751||2|
|April 30, 2020||1932||204||59||7||317||1556||2|
|April 29, 2020||1728||196||52||7||307||1369||2|
|April 28, 2020||1532||195||45||4||255||1232||2|
|April 27, 2020||1337||64||41||0||255||994||2|
|April 26, 2020||1273||91||41||5||239||994||2|
|April 25, 2020||1182||87||36||3||222||925||2|
|April 24, 2020||1095||114||33||1||208||855||2|
|April 23, 2020||981||108||32||3||197||753||2|
|April 22, 2020||873||91||29||3||197||648||2|
|April 21, 2020||782||117||26||3||197||560||2|
|April 20, 2020||665||38||23||1||188||466||2|
|April 19, 2020||627||86||22||2||170||436||2|
|April 18, 2020||541||48||20||2||166||356||2|
|April 17, 2020||493||51||18||4||159||317||2|
|April 16, 2020||442||35||13||1||152||277||2|
|April 15, 2020||407||34||12||1||128||267||2|
|April 14, 2020||373||30||11||1||99||263||2|
|April 13, 2020||343||20||10||0||91||242||2|
|April 12, 2020||323||5||10||0||85||228||2|
|April 11, 2020||318||13||10||3||70||238||2|
|April 10, 2020||305||17||7||0||58||240||2|
|April 9, 2020||288||14||7||1||51||230||2|
|April 8, 2020||274||22||6||0||44||226||2|
|April 7, 2020||254||16||6||1||44||204||2|
|April 6, 2020||238||6||5||0||35||198||2|
|April 5, 2020||232||18||5||1||33||194||2|
|April 4, 2020||214||5||4||0||25||185||0|
|April 3, 2020||209||25||4||2||25||180||0|
|April 2, 2020||184||10||2||0||20||162||0|
|April 1, 2020||174||35||2||0||9||163||0|
|March 31, 2020||139||8||2||0||9||128||0|
|March 30, 2020||131||20||2||1||8||121||0|
|March 29, 2020||111||22||1||0||3||107||0|
|March 28, 2020||89||19||1||0||3||85||0|
|March 27, 2020||70||5||1||0||3||66||0|
|March 26, 2020||65||14||1||0||2||62||0|
|March 25, 2020||51||7||1||0||2||48||0|
|March 24, 2020||44||4||1||0||2||41||0|
|March 23, 2020||40||10||1||1||2||37||0|
|March 22, 2020||30||8||0||0||2||28||0|
|March 21, 2020||22||10||0||0||1||21||0|
|March 20, 2020||12||4||0||0||1||11||0|
|March 19, 2020||8||0||0||0||1||7||0|
|March 18, 2020||8||5||0||0||1||7||0|
|March 17, 2020||3||1||0||0||0||3||0|
|March 16, 2020||2||0||0||0||0||2||0|
|March 15, 2020||2||0||0||0||0||2||0|
|March 14, 2020||2||0||0||0||0||2||0|
|March 13, 2020||2||0||0||0||0||2||0|
|March 12, 2020||2||0||0||0||0||2||0|
|March 11, 2020||2||0||0||0||0||2||0|
|March 10, 2020||2||0||0||0||0||2||0|
|March 9, 2020||2||1||0||0||0||2||0|
|March 8, 2020||1||0||0||0||0||1||0|
|March 7, 2020||1||0||0||0||0||1||0|
|March 6, 2020||1||0||0||0||0||1||0|
|March 5, 2020||1||0||0||0||0||1||0|
|March 4, 2020||1||0||0||0||0||1||0|
|March 3, 2020||1||0||0||0||0||1||0|
|March 2, 2020||1||0||0||0||0||1||0|
|March 1, 2020||1||0||0||0||0||1||0|
|February 29, 2020||1||0||0||0||0||1||0|
|February 28, 2020||1||1||0||0||0||1||0|
LINK, most profitable crypto-asset in 6 months, gains 451%
ChainLink is showing signs of life while other crypto assets are pulling back lately.
In the crypto industry, one crypto asset is emerging as the most profitable crypto asset in 2020 for its investors. The name of that crypto asset is LINK.
The detail: ChainLink (LINK) has gained about 451% in 6 months, moving from $2.12 on March 15, 2020, to $9.57 as at the time this report was drafted. This has made it the ninth most valuable crypto asset by market capitalization value of $3.35 billion.
The recent gain in this fast-growing crypto-asset follows a recent pullback after LINK reached the $8.94 price levels near the middle of July.
ChainLink is showing signs of life, while Bitcoin and most of the crypto assets are pulling back lately. One thing to keep an eye on is the trading and social volume in relation to its price direction. An increase appears to be starting, which is correlating with this rise.
$LINK is showing signs of life while $BTC and most of #crypto is sliding back slowly. One thing to keep an eye on is trading and social volume in relation to its price direction. An increase appears to be starting, which is correlating with this rise. 👀 https://t.co/HWdN7q7P9T pic.twitter.com/fabKVlFqFA
— Santiment (@santimentfeed) August 3, 2020
Quick fact: Chainlink is a blockchain that is designed to bridge the space between blockchain technology-based smart contracts (created by ETH), and other user programs.
Since blockchains by principle can’t have access to data outside their paths or networks, a defi instrument is needed to facilitate data feeds in smart contracts, and Chainlink helps to solve such needs.
Recall that about a year ago, ChainLink announced that Google was integrating ChainLink into their approach to smart contract adoption. Here’s how users can use Chainlink to connect to BigQuery, one of Google’s most popular cloud services.
We're thrilled to share that Google is one of the great companies integrating #Chainlink into their approach to smart contract adoption. Here's how @GCPcloud users can use Chainlink to connect to BigQuery, one of Google's most popular cloud services. https://t.co/TfaGPP5TlS
— Chainlink – Official Channel (@chainlink) June 13, 2019
President Buhari greets BUA Chief, Abdul Samad Rabiu on 60th Birthday
The President describes Abdul Samad’s 60 years as a milestone heralded by years of hard work.
President Muhammadu Buhari has extended his warm greetings to the Founder/Chairman of one of Africa’s leading conglomerates BUA Group, Abdul Samad Rabiu (CON), on his 60th birthday.
Buhari who conveyed his greetings in a statement issued by Garba Shehu, the Senior Special Assistant to the President (Media & Publicity) extolled Abdul Samad for his large-heartedness for always investing in people and institutions.
The President while describing Abdul Samad’s 60 years as a milestone heralded by years of hard work, dedication and commitment to building the Nigerian economy, commended him Samad for the construction of clinics, schools and religious houses, and consistent financial interventions in the fight against pandemics like Poliovirus, Ebola and COVID-19.
According to the statement, “President Muhammadu Buhari sends warm greetings, joining family and friends to celebrate the milestone, heralded by years of hard work, dedication and commitment to building the Nigerian economy.
“The President congratulates the business magnate for his foresight in investing extensively in agriculture, infrastructure, manufacturing and real estate, which has translated into strengthening the pillars of the economy, bolstering the government’s diversification efforts and creating chains of subsidiary industries and business outfits.
“As the Chairman of BUA Group turns 60, President Buhari extols his large-heartedness in always investing in people and institutions, commending him for the construction of clinics, schools and religious houses, and consistent financial interventions in the fight against pandemics like Poliovirus, Ebola and COVID-19.
“The President affirms that Rabiu’s diligence and business acumen continues to inspire many, and his propensity for creating opportunities for others to prosper is legendary, urging him to remain focused on his vision of a greater and better Nigeria.
“President Buhari prays that the Almighty God will reward him with longer life, good health and more wisdom”. The statement added.
Also, Former Nigeria’s Vice President, Alhaji Atiku Abubakar in his tribute to Abdul Samad described him as an astute businessman who has created jobs and opportunities and whose philanthropic and charitable gestures speaks to the dept of his humanity.
Atiku in a tweet said, “Founder/Chairman of @BUAgroup, Abdul Samad Rabiu (CON), has distinguished himself as an astute businessman who continues to create jobs and opportunities.
“His philanthropy and charitable causes speak eloquently to the depth of his humanity. My family rejoices with him and his family on the occasion of his 60th birthday. May the Almighty Allah grant him many more years in good health and service to humanity. Ameen”.
On his part, the Governor of Kwara State, Abdulrahman Abdulrazaq thanked for Abdul Samad Rabiu for his investment and his commitment made to end the COVID-19 pandemic in the state.
He said “On behalf of my family, the people and government of Kwara State, I congratulate the founder and chairman of the BUA Group, Alhaji Abdul Samad Rabiu (CON), on his 60th birthday anniversary.
“I commend him for his huge investments in Kwara State and the donations he made towards the state’s campaign against COVID-19 pandemic. I pray the Almighty Allah to continue to bless Alhaji Rabiu and his family, and may He grant him more fruitful years and good health”.