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Billionaire Businessman, Femi Otedola’s Philosophical Wit

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It is just 26 days into the New Year.

Yet, recognition and honour have started coming the way of billionaire businessman and Chairman of Geregu Power Plc, Femi Otedola.

Last Monday, the  Executive Chairman, Geregu Powe Plc, was honoured with the Philanthropist of the Decade Award at an event to commemorate the 25th anniversary of ThisDay Newspapers at the Eko Hotel and Suites, Victoria Island, Lagos.

At the well attend event, Otedola, while receiving the award, had used the opportunity to clear the air about his other passion, philanthropy and recent humongous donation of N5bn to the Save The Children Foundation in November 2019 in Abuja.

Of course, he was not unaware of the reactions that trailed the donation, including the reported disguised belief expressed in some quarters.

In fact, Otedola, also an art aficionado, regaled the distinguished audience with details of how his children had been shocked when he made his intention known hours to the donation of the money to the Foundation.

Goaded by his love for his “innocent children,” he disclosed that he immediately deployed his philosophical wit, and also shared his deep understanding of what makes life meaningful and living worthwhile with them, in his effort to make them sea reason with them.

According to him, he explained to his visibly shocked children that they would never go broke or hungry because he had tried as humanly possible to give them the greatest weapon against poverty: education.

By the time he ended his speech on the occasion, no one in the audience agreed less with him that it was a well thought-out donation, one that gave him indescribable joy and great fulfillment.

It will be recalled that, apart from the wondrous donation of N5bn, Otedola in the past, had dazzled at the Augustine University’s Fundraising and Founders’ Day event held at the Muson Centre, Onikan,  Lagos in 2018.

Then, he had pledged to donate a well-equipped Faculty of Engineering building to the institution, which would be worth over N 500m.

The shrewd businessman, a few months later, fulfilled his promise, when he  laid the foundation of the building in the presence of the  Catholic Archbishop of Lagos, His Grace Most Reverend Dr.  Alfred Adewale Martins and his mother, Lady Doja Otedola, among other notable personalities.

Last  year alone, he  invested millions of Naira into charity, apart from other donations made to former Green Eagles player, Christian Chukwu, singer Majek Fashek and Nollywood actor, Sadiq Daba, among many others.

Also in 2019, he was named  the biggest individual donor to the Lagos State Security Trust Fund (LSSTF). Subsequently, he and some other donors were celebrated at an event tagged “Transformational Security” and the Lagos State Governor, Babajide Sanwo-olu commended him for consistently intervening to improve the society.

Without a doubt, his act of generosity continues to shoot for the sky; he loves giving back to his society without blinking an eyelid.

However, he loathes people singing his praise over such acts of humaneness.  He is not your kind of billionaire who calls for publicity over little donation.

On his humanitarian gestures, he has been quoted as saying that “God has been so kind to me in life.

“I feel highly privileged.

“The only way I can show my gratitude to Him is to use my resources to support those who are underprivileged.

“This I intend to do for the rest of my life.

“In a world full of conflicts, diseases, calamities and inequality we all need to show the milk of human kindness, to reach out and comfort the sick and give a helping hand to the weak.

 “A lot of people think when they die, they take their money with them, we’ll see.

 “In my journey of life, I have taken the risk, I’ve done the chase, I’ve enjoyed the thrill and I have achieved success and recognition. What next? You give it back!”

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City Businessman, Kenny Duyile, Cooking  Something New

For some time now, man of many parts Chief Kenny DUYILE seems to have been   off the social circle radar that made  many quibbling minds to be wondering what was happening around him.

His avoidance of the klieg lights for some time now we gathered has nothing to do with a dwindling fortune or influence., but a deliberate move for him to concentrate on a particular business project that has been taking  up his time lately.

Unknown to many, the ONDO high Chief who is into various business interests ranging from, but not limited to Real Estate, Farming, Hospitality, Publishing, Oil and Gas has been swiftly and silently cooking something big that will see the sunshine state of Ondo becoming the hub of undiluted entertainment.

Industrious and very astute businessman , who is one of the privileged few that can boast of the ownership of the posh wonder on wheels Rolls Royce series from the 90s till date, has been investing heavily in what will become the talk of the town , not only in rocky town of Ondo but the entire country Nigeria, because the vibration will be heard loud and clear when it eventually birth .

Those who know believe that this new project will be a bang because Chief Kenny is not known  to doing his things in small measures

For the records ,Chief Kenny DUYILE, was the brain behind the then talk of the town society journal, Celebrity Mirror and also wave making hospitality haven , Rockview Hotels that are majorly located in the southwest of the country.


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Resident doctors threaten to embark on indefinite strike on Thursday, April 1

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There was palpable fear after Members of the Nigerian Association of Resident Doctors (NARD) threatens to embark on an indefinite strike on Thursday, April 1.

The body disclosed (NARD) that the strike will be coming on the heels of the expiration of the 60-day ultimatum given to the Federal Government on January 25 for the payment of arrears of salaries of house officers across the country and the review of hazard allowance, among other demands. According to members of the association, since the pandemic began in 2020, it has lost 17 doctors, whose families and loved ones are yet to benefit from the Death in Service Insurance Scheme.

According to a statement released in Abuja by the President of NARD, Dr Uyilawa Okhuaihesuyi, after NARD’s extra-ordinary National Executive Council (NEC) meeting on Sunday, March 28, reads in part

“The NEC observed that her earlier ultimatum given to the Federal Government during the January 2021 NEC meeting in Owerri will expire by 12 midnight on the 31st of March 2021 with no significant achievement.

The NEC reiterated her full support for the Central Placement of House Officers. Nevertheless, they decried the agony our members have been made to pass through for three months now without salaries despite uninterrupted service delivery to the nation.

This is due to the inefficiency of the Registrar of MDCN in handling the processes of central placement of House Officers as approved by the Federal Executive Council since 2017.

The NEC bemoaned the suffering of some of our members in GIFMIS platform who have not been paid salaries for four months now due to delay in biometric capturing by IPPIS department.

They lamented the inhumane treatment being meted on our members in some State Tertiary Institutions like ABSUTH being owed twenty months salaries, IMSUTH five months salaries and UNIMEDTH three months salaries.

The NEC also observed that despite the three-month window given to the Federal Government to review the hazard allowance of health workers, the hazard allowance has remained a paltry sum of five thousand naira monthly.

The NEC noted that despite the efforts of NARD, the erroneously paid 2020 Medical Residency Training Fund (MRTF) to non-resident Doctors is yet to be addressed. Also, the 2019, some of 2020 and 2021 MRIF are yet to be paid.”


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Thinking School Unlocks Business Initiatives To Tackle Unemployment

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Thinking School is berth in lagos to tackle the high rate of Unemployment in Nigeria.
Daring the Odds. 2020 will go down as one year that shocked everyone. It didn’t matter what plans you had hatched prior to the year or the thoughts you have penned down in your diary; 2020 surprised everyone. It took a lot for many to come to terms and the year took flight and seemed like nothing will work.
Many would argue that the things we adopted during the peak of the pandemic weren’t new things, they only got prominence. Such is the story of business, innovation and principles.
As it has been widely acknowledged, principles are global and can be adopted/adapted, so is the fact that nothing is new in business – if you are toying with an idea in your head, and delaying execution, someone else will spring same idea even in better forms.
With the effects of the pandemic biting hard on lives of individuals and their businesses, Thinking School Nigeria stepped into the arena where the giants feared to walk. The team designed programmes and products to help Nigerians mitigate the effects of covid19 on their businesses. It wasn’t the first time Thinking School dared the odds.
In 2016, Thinking School took a risk on entrepreneurial virgins and incubated them, today they’re doing fine with quality service and unique customer care service in agriculture, confectioneries, fashion and agro allied industries. In the words of the founder, Michael Olaniyan, “Our knack for asking the right questions and ignoring sentiment is what pushes us to be better – and when we dare the odds, it is not for show off. We interrogate our situations analytically and tow the path with the highest possible return.”
When their free online classes took full force in March, it looked like it won’t go far but here we’re today. The class held every week for 7 months and counting, bringing to bare the team’s wealth of experience and technical ability to deliver time worthy and future proof steps to business and career development.
The Project manager, Abayomi Sarumi says, “We dare the odds and we question the status quo but we never lose sight of our realities. We are not bent on dishing contents and forgetting the core of our message. This is what sets us apart – our message keys into the reality of Nigerians and it’s why we can easily help individuals and businesses.”

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