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Afrobeats Is Meaningless, Empty and Has no substance – Burna Boy

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🗣️ Afrobeats Is Meaningless, Empty and Has no substance – Grammy-winning Nigerian singer Burna Boy slams Afrobeats musicians at his recent interview in the US 🇺🇲 😳

 

Grammy-winning Nigerian singer Burna Boy has stated in an interview that Afrobeats has no substance and most Nigerian artists lack experience. According to his statement in a recent interview, Burna Boy claims that 90% of Afrobeats artists sing emptily and lack the experience to make in-depth music.

 

He then uses himself as an example of what he has tried to stress, saying he makes music on different topics, unlike other Afrobeat artists who sing about nothing.

 

‘AfroBeats as people call it, is mostly about nothing, literally nothing’, he says. ‘There’s no substance to it — like, nobody is talking about anything in it. it’s just a great time’.

 

Do you agree with Burna?

Jaiz Bank discloses changes made to its board and management lineup.

Jaiz Bank has undertaken a comprehensive overhaul of its board and management structure, aligning with its fresh strategic direction in accordance with two recent directives from the Central Bank of Nigeria.

In a statement released by the bank, the initial directive resulted in the voluntary resignation of two non-executive directors: Umaru Mutallab, the former Chairman of the Board of Directors, and Falalu Bello. Subsequently, a new chairman was appointed to lead the board.

This circular also prompted the recent departure of two additional non-executive directors, namely Ibrahim Maude and Bello Sani, resulting in a reduction of board members to a total of 14.

The bank has revealed that this progression led the board to extend the cascading effect of these changes and restructuring efforts throughout the management echelons and eventually to all staff levels.

Furthermore, during a meeting convened on August 14, 2023, the board acknowledged and accepted the voluntary resignation of Dr. Sirajo Salisu from his role as the MD/CEO. Consequently, Ahmed Hassan was designated as the acting MD/CEO, concurrently holding the positions of executive director for operations and chief financial officer.

This strategic realignment has been initiated with the aim of repositioning the bank to better serve its valued clients and stakeholders. The overarching goal is to fortify profitability, amplify market share, and sustain a robust competitive edge, as articulated in the statement.

 

 

 

Naira’s depreciation leads to a significant impact on manufacturers

Over the past three years, the manufacturers have invested a substantial N7.9 trillion in the importation of raw materials. The driving factor behind this high expenditure on raw material imports stems from manufacturers resorting to the parallel market for foreign exchange due to its scarcity in the official market.

An examination of the National Bureau of Statistics’ foreign trade reports also indicates that Nigeria managed to export raw materials valued at only N1.77 trillion during this period, leading to a trade deficit of N6.1 trillion.

A detailed breakdown of the data demonstrates that manufacturers imported raw materials worth N570.6 billion in the second quarter of 2020. This amount increased to N710.2 billion in the subsequent quarter and further rose to N715.7 billion in the fourth quarter of the same year.

Moving into 2021, the importation of raw materials by manufacturers reached N2.9 trillion. This figure then slightly decreased to N2.4 trillion in 2022, while the first quarter of 2023 saw imports of raw materials worth N555.4 billion.

Notable raw materials imported during this period include cane sugar from Brazil, milk preparations from Ireland, odoriferous substance mixtures from Ireland and Swaziland, and lubricating oils from The Netherlands.

According to the Manufacturers Association of Nigeria’s Bi-Annual Economic Report, the manufacturing sector’s local sourcing of raw materials averaged 52.8%, a modest increase from the 51.5% recorded in 2021.

The increase in local raw material utilization can be attributed to the challenges in obtaining foreign exchange. This situation has compelled manufacturers to look inwards for raw materials despite the associated higher costs.

Segun Ajayi-Kadir, the Director-General of MAN, emphasized the importance of addressing forex volatility to ensure productive manufacturing. He noted that the shortage of forex leads to expensive imported inputs and subsequently elevated production costs, resulting in higher prices for goods.

Ajayi-Kadir recommended that the government establish a fixed rate for calculating import duties on production inputs like raw materials, machines, and spares that are not domestically available.

In a perspective shared by Mansur Ahmed, a former president of MAN, and Gabriel Idahosa, Deputy President of the Lagos Chamber of Commerce and Industry, the country’s heavy reliance on imported raw materials stems from the lack of progress in Nigeria’s import substitution strategy. Idahosa highlighted that a focus on exporting raw materials could help balance the impact of raw material imports on the local economy.

In July, the gap between lending and savings rates expanded by a significant 22.14%.

The disparity between the highest lending rate and the interest rate for savings deposits within the banking sector expanded by 22.14% in July.

The savings deposit rate offered by banks experienced a slight increase to 5.24% in July, up from 5.18% in June and 5.13% in May, according to data from the Central Bank of Nigeria.

Statistics obtained from the apex bank, as reported by The PUNCH, also indicate a minor decline in the maximum lending rate, which decreased to 27.38% in July from 28.94% in June.

The Central Bank of Nigeria disclosed that the prime lending rate rose from 13.85% in June to 13.98% in July.

Furthermore, the data revealed that deposit rates for various durations—12 months, six months, three months, and one month—stood at 7.83%, 8.54%, 7.68%, and 7.15% respectively, while the savings deposit rate remained at 5.18% in July.

Treasury bills rates witnessed an increase from 3.87% in June to 4.45% in July.

Monetary rate and the inter-bank call rate were recorded at 18.75% and 6.73% respectively.

In the recent Monetary Policy Committee meeting held in July, Folashodun Shonubi, the Acting Governor of the Central Bank of Nigeria, stated that after careful deliberation, the committee decided to implement a 25 basis point increase in the Monetary Policy Rate (MPR), bringing it to 18.75%. The committee also adjusted the asymmetric corridor to +100/-300 basis points around the MPR, maintained the Cash Reserve Ratio (CRR) at 32.5%, and retained the Liquidity Ratio at 30%.

Shonubi emphasized the committee’s cautious approach in reaching this decision, considering the importance of supporting investments to promote output growth and recovery. The decision to moderately raise the rate was based on a balance of factors, including curbing inflation expectations, narrowing the negative real interest rate gap, and enhancing investor confidence.

Ogun medical practitioners intend to initiate a strike on September 1st

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Following an alleged failure by the government to disburse hazard allowances, a significant number of doctors, approximately 450, employed within state-owned healthcare institutions across Ogun State, are contemplating an indefinite strike and cessation of services commencing from September 1.

The sources indicate that these doctors primarily serve at the Olabisi Onabanjo Teaching University Hospital, various general hospitals, primary health centers throughout the state, as well as those associated with the Ministry of Health and Health Management Board.

Upon investigation, it has been found that a total of 450 medical practitioners operate across different state-owned health facilities in the region.

Reportedly, during the Annual General Meeting held on August 10, 2023, the Nigerian Medical Association (NMA) conveyed a twenty-one-day ultimatum to the Ogun State Government, urging the payment of accrued hazard allowances dating back to January 2023. This payment was directed towards all doctors serving in government-run medical facilities.

In a letter issued on August 11, 2023, addressed to Governor Dapo Abiodun and signed by the NMA’s chairman and secretary, the medical association warned of potential industrial action if the governor fails to fulfill the new 21-day ultimatum, which concludes on August 31.

The letter, signed by the NMA’s chairman and secretary, and available to our correspondent, emphasizes that failure to provide full hazard allowances, inclusive of arrears from January 2023, could lead to a state-wide disruption in the health sector due to industrial unrest.

Confirming the impending strike, Dr. Kunle Ashimi, the NMA chairman in the state, informed The PUNCH that doctors working within state-owned healthcare facilities would initiate an indefinite strike if the government does not honor promises made during the electoral period.

Dr. Ashimi noted, “We’ve been advocating for the provision of hazard allowances. Doctors in federal institutions are already receiving these benefits, but their counterparts in state institutions are not. Despite numerous discussions with the government, no action has been taken. Governor Dapo Abiodun had promised to compensate all health workers in Ogun State during the election campaign on March 5, but this remains an unfulfilled verbal commitment.”

“In an attempt to pacify us, they offered palliatives to doctors and included hazard allowances within it. However, the medical community objects, highlighting the distinction between hazard allowances and palliatives. Given the absence of progress, our recent AGM concluded with a resolution to grant the government an additional 21-day ultimatum. Should they fail to meet payment obligations or if doctors receive partial compensation, a comprehensive strike involving doctors across state hospitals and facilities will be enacted. This will encompass general hospitals, primary healthcare centers, and teaching hospitals,” Dr. Ashimi added.

Federal Government is planning to demolish over 6,000 illegal buildings

The Federal Government is planning to demolish over 6,000 illegal buildings and more than 30 illegal settlements and slums in Abuja to restore the city’s master plan.

The Minister of the Federal Capital Territory, Nyesom Wike, stated that even buildings owned by high-ranking officials would be pulled down if they violated the master plan.

The affected areas include Apo Mechanic Village, Dawaki, Dei Dei, Gwagwalape, Kado Village, Katampe, Kubwa, Lugbe, Mabushi, Nyanya, and more. Landowners who purchased from Abuja indigenes might lose their investments, as the FCT Administration considers them illegal.

Around 6,000 abandoned structures may be affected, and this number could rise upon further evaluation.

Wike aims to clear out abandoned properties and those violating building codes. He also plans to address undeveloped lands and revoked land titles.

Wike’s intention is to restore the city’s master plan by demolishing illegal structures, even those built by influential figures.

However, this move has caused concern among residents about property destruction, economic hardship, and fairness in enforcement. Some support the effort to restore the city’s order, while others urge caution and comprehensive planning to ensure the welfare of residents and avoid exacerbating existing challenges.

I wish to be reunited with my husband from Boko Haram- Chibok girl.

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Mary Nkeki, a 27-year-old Chibok girl, was recently saved by the Operation Hadin Kai Theatre Command troops.

She had been held captive by Boko Haram and was forcefully married to a former insurgent named Adam.

The rescue took place last week, executed by the 81 Task Force Battalion during an operation in the terrorists’ stronghold in Dikwa.

Major General Gold Chibuisi, the Theater Commander of Operation Hadin Kai, announced that Nkeki was the 55th girl on the list of abducted Chibok girls.

After her rescue, she underwent thorough medical assessment and has since been rehabilitated. She is now ready to be handed over to the authorities in Borno state.

During an interview with journalists after her transfer to the Borno State Ministry for Women Affairs officials, Nkeki revealed that she had given birth to two daughters while in captivity with Adam.

Tragically, Adam passed away later on. When asked about the possibility of marriage, she stated that she was already married to Adam and they had escaped captivity together.

Mary recounted that she and Adam had repented from their involvement with the insurgency and managed to flee the terrorists’ enclave in the Dikwa area.

They were eventually rescued by the troops, although Adam was taken to a camp for repentant insurgents following their rescue.

Notably, Mary’s rescue marks the 16th successful recovery of abducted girls by the troops in recent months.

 

ÌṢẸ̀ṢE AND THE PARADOX OF SECRECY – Filmaker Tunde Olaoye

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ÌṢẸ̀ṢE AND THE PARADOX OF SECRECY :

Few days ago, I had to reenact an Agẹmọ festival scene and of course had to take permission and lectures from the custodians of the beautiful masquerade in Ìjẹ̀bú land.

At first when I explained to them that it is a film where Agẹmọ would have to be directed, where we will tell the masquerade to stop for us to change lenses, camera angles and shots, they fumed that we would not be able to reenact an Agẹmọ display because Agẹmọ has a specific time it must come out and they can’t just bring it out at our own convinience and directions.

After a lot of convincing that we need to preserve and project these culture to the world through visual storytelling, they told us that we can do it, but Agẹmọ wouldn’t have time to be listening to instructions from me as I wouldn’t be able cut its display intermittently as I want, I agreed and made up my mind that I was going to shoot the scene on multi-cameras, so that I can cover all the angles once. But I requested that I would need to do a rehearsal with the heralder of the masquerade who is going to pass my instruction to it, to know about timing, spatial awareness and other things.

It is a taboo to be on a higher plane than the masquerade, so I already told the drone pilot that he has an off day, I told the DP that we are going to be taking low angle shots, no cranes or jibs. We chose a locale with no storey buildings around. We rehearsed the Agẹmọ drummers, actors and the Agẹmọ heralder and then filming started, it was on AD’s call of ACTION that I saw my lead actor in that scene (Agẹmọ) for the first time.

Unsurprisingly, Agẹmọ didn’t get my blockings right, it was performing on and off the camera frames, but we were still able to capture a lot of beautiful moments and then patch with reaction shots of actors. It was the most challenging scene I have ever handled as a visual storyteller.

Few years ago, I had wanted to do something similar with Ẹ̀lúkú Festival but was warned never to try it because Ẹ̀lúkú deity is too sacred to be re-enacted. In the interest of myself and my family I gave up and changed the concept.

 

If adherents of the indigenous religion think secrecy has been helping to preserve Ìṣẹ̀ṣe, I would say it has been counterproductive. There was a time every disease had a leaf that could cure it, but the men who knew the leaves kept keeping the secrets around the process until no one knows again. The world is speedily globalising, Ìṣẹ̀ṣe must transmit and document its essential elements to the generation yet unborn by opening up itself more and more.

 

Happy holidays to all Ìṣẹ̀ṣe practitioners worldwide. In Tọpẹ Alabi’s voice “Àbọrú àbọyé ‘

Africa’s Film Battle Against Piracy – A Case Study of Jagun Jagun

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The African film industry, particularly Nollywood, has experienced significant growth and transformation over the years. From the era of hardcopies to the digital age, the industry has witnessed remarkable changes. However, the rise of piracy on digital platforms poses a major threat to the dreams and aspirations of movie producers in Africa. In this article, we will explore the case of Femi Adebayo’s movie, Jagun Jagun, its success on Netflix, and the underlying issue of piracy that plagues the African film industry.

Nollywood, Nigeria’s film industry, has gained international recognition for its prolific output of movies and its ability to resonate with diverse audiences. Over the years, Nollywood has evolved from low-budget productions to higher quality films, attracting both local and international investors. The industry has played a crucial role in shaping the narrative of African cinema.

With the advent of digital platforms, the distribution and consumption of movies have undergone a significant shift. Streaming services such as Netflix have provided African filmmakers with an opportunity to showcase their work to a global audience, enabling greater exposure and revenue potential. Femi Adebayo’s movie, Jagun Jagun, is a prime example of a Nollywood film that successfully made its way to Netflix.

Jagun Jagun, released by Femi Adebayo, has generated substantial buzz and positive reviews, becoming one of the most talked-about Nollywood movies. The film’s success can be attributed to its engaging storyline, talented cast, and effective marketing strategies. On Netflix alone, the movie has garnered over 4 million views, with an estimated 10 million viewership across various digital platforms, according to the social analysis conducted by the Screen Index team of Ranks Africa.

While Jagun Jagun’s popularity is commendable, it also highlights a pressing issue within the African film industry – rampant piracy on digital platforms. Many Nigerians opt to watch movies on unauthorized websites or through illegal downloads, depriving filmmakers of their rightful revenue. This detrimental practice has long been a concern for movie producers like Kunle Afolayan and others, who have voiced their grievances regarding piracy even before the digital streaming era.

The prevalence of piracy poses a severe threat to the growth and sustainability of Nigeria’s film industry, as well as the broader African film landscape. Movie producers invest substantial resources, talent, and time into creating compelling stories, and piracy undermines their ability to recoup their investments and generate profits. This discourages potential investors from supporting the industry, hindering its overall progress.

The Need for Collaboration and Government Support:
To combat piracy effectively, stakeholders within the African film industry must unite and develop a comprehensive plan of action. Collaboration between filmmakers, streaming platforms, regulatory bodies, and law enforcement agencies is crucial to curbing piracy. Additionally, government support in the form of robust legislation and enforcement measures is essential to protect the intellectual property rights of filmmakers and deter piracy.

Conclusion:
The success of Femi Adebayo’s Jagun Jagun on Netflix exemplifies the potential of African films to captivate audiences worldwide. However, the prevalence of piracy on digital platforms threatens the dreams of movie producers and hinders the growth of the African film industry.

OLALADE ASAKE” – The Evolution Of Mr. Money

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Asake’s story can’t be told without mentioning Obafemi Awolowo University(O.A.U) where according to his friend, Yhemolee, he started off as a floater before gaining admission to read “Dramatic Arts”.

Dramatic Arts didn’t change his life but the friends he met at O.A.U did and the change was indeed dramatic.

 

In O.A.U, Asake met and became friends with Yhemolee, Fireboy, Super Boy Cheque, Chinko Ekun and Blaqbones.

 

They all started their music journey in O.A.U and in 2016 when they were done with school, life as an adult dawned on them.

 

Yhemolee decided to head back to Lagos after staying 2 months in school doing nothing, Super Boy Cheque and Asake followed Yhemolee with no concrete plans.

 

On their way to Lagos, Yhemolee reached out to a friend staying in Ajah who agreed to allow him squat in his place for a while.

 

When they got to Berger, Yhemolee gave Asake some money and told him to go back to Lagos island where his family was staying whilst Super Boy Cheque whose parents were staying in Ogun stayed with Yhemolee in his friends place.

 

Yhemolee started posting funny videos on IG and got lucky to be reposted by both Don Jazzy and Tunde Ednut in one day blowing up his IG account.

 

He became an influencer and also ventured into crypto during the pandemic and this made him super comfortable and he brought Asake to stay with him.

 

Asake on the other hand was pursuing his music career dropping singles that were not really “blowing”.

 

By this time, Super Boy Cheque was already signed by Phyno’s record label Penthauze, Chinko and FireBoy were both signed by Olamide into YBNL.

 

It just looked like Asake was the only one that wasn’t moving up with his music career but he remained consistent and kept on sending messages to Olamide since 2018 begging him to sign him but he never got a reply.

 

Yhemolee his friend became a big time “Night life influencer” and one day Olamide sent him a message asking him about another of his friend, Yhemolee sent the contact to him and decided to shoot his shot at that moment.

 

He told Olamide that he has an artist he would like him to listen to, if possible give him a verse in one of his songs, this was happening in 2022.

 

Yhemolee told him about Asake and when Olamide asked for him to send him some of Asake’s, Yhemolee immediately sent him “Omo Ope”, Olamide loved the song.

 

Olamide did a verse on the song and sent it to Yhemolee.

 

Yhemolee called Asake and told him that Olamide has done a verse for him but he didn’t believe it, until he came down to the vehicle and Yhemolee played the Olamide verse for him and you could see tears swell up in Asake’s eyes before he ran out shouting for joy.

 

He dropped “Omo Ope” featuring Olamide and it was an instant banger.

 

Olamide invited him to his house and asked him if he would love to join YBNL, Asake agreed on the spot but Olamide told him to go home and get a lawyer first and Asake told him, he doesn’t need one.

 

He got signed to YBNL and the rest they say is history.

 

In a space of ONE YEAR, Asake has gone from an upcoming artist to a global artist selling out the O2 arena in the Uk and it’s thanks to a FRIEND!!!!

 

Even when it looked like his career was lagging behind and others were all moving ahead, his friend stuck by him, supported him and was the CONNECTION that changed his life.

 

A man he’s been texting since 2018, it took Yhemolee, one message of persuasion to get him to listen to Asake’s song and give him the verse that literally blew him.

 

Written by SportDokita Odogwu