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Asake: #1 Naija radio artist in 2023

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Remember that catchy tune you couldn’t escape all year? Chances are, it was by Asake, the undisputed prince (or should we say, king?) of Nigerian radio in 2023!

Asake is the most played artist on radio in Nigeria in 2023 (Instagram/Asake)

Since bursting onto the scene in 2022, Asake’s meteoric rise has been nothing short of phenomenal. His infectious grooves and smooth vocals not only propelled him to Afrobeats superstardom, but also helped amplify the genre’s global reach.

And now, according to the recently released TurnTable Charts, Asake’s reign is official: he’s the most-played artist on Nigerian radio in 2023!

With a whopping 8.4 billion radio impressions, Asake’s music dominated the airwaves, leaving other major players like Ayra Starr, Davido, and Rema in his dust. But that’s not all! His hit single “Lonely At The Top” wasn’t just the most streamed song on radio, it was also the most streamed track across all platforms in Nigeria! Talk about dominance!

But what makes Asake’s success so special? It’s not just the catchy tunes (though those are undeniable!). It’s the fact that his music resonates with people. His lyrics tap into the everyday struggles and triumphs of young Nigerians, creating an undeniable connection that transcends demographics.

From the smooth melodies of “Peace Be Unto You” to the infectious energy of “Omo Ope,” Asake’s music offers a soundtrack for every mood and moment.

So next time you hear that familiar beat coming through your speakers, remember: it’s not just another song, it’s the sound of Asake, the undisputed king of the Nigerian airwaves, ruling 2023 with his music and his heart.

Check out full chat here: TurnTable Chart

 

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Who is Ms Bolaji Agbede

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Bolaji Agbede’s name is making headlines – and for good reason. Following the passing of former CEO Dr. Herbert Wigwe, she’s stepped up as the acting CEO of Access Holdings Plc, bringing not just years of experience but also a passion for empowerment. But who is this woman wielding the reins of one of Nigeria’s biggest banks?

Read this: Bolaji Agbede Leads Access Holdings as CEO

What you should know about the emerged Acting GCEO of Access Holdings Plc.

Ms.-Bolaji-Agbede-Acting-Group-Chief-Executive-Officer-Access-Holdings-Plc

Experience Carved in Numbers and Strategy:

With 27 years navigating the banking industry, Ms. Agbede boasts a rich well of knowledge. From Human Resources to customer relationships, she’s seen it all. And her academic background? Numbers dance with leadership as a math and statistics degree from the University of Lagos intertwines with an MBA from Cranfield University. But she doesn’t stop there – she’s actively involved in prestigious leadership programs, constantly honing her skills.

More Than Just a Banker: A Champion for Change:

Joining Access Bank in 2003, Ms. Agbede hasn’t just climbed the ladder – she’s helped build it. Leading the bank’s human capital development since 2010, she’s overseen successful integrations during major mergers and acquisitions. But her impact goes beyond business deals. She’s a vocal advocate for gender equality, championing initiatives like extended maternity leave and the Access Women Network.

Community Builder and Empowering Force:

Beyond the bank’s walls, Ms. Agbede extends her expertise. From the ROWAA Widows Initiative to Propel Grad, she champions organizations fostering women’s empowerment and leadership. In her hands, the CEO role isn’t just a title – it’s an opportunity to inspire and pave the way for others.

As Ms. Agbede takes the helm, her journey from numbers to leadership holds immense promise. Her experience, strategic mind, and passion for equality paint a picture of a leader ready to make a positive impact on Access Bank and beyond.

Don’t forget to share your thought on what you expect of Bolaji Agbede as the acting GCEO of Access Holdings.

Cement Soars 100%, hits ₦7,000 Per Bag

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Nigerians Face Cement Crisis

Remember the joy of laying the first brick for your dream home? Now, imagine that brick costing twice as much, turning your dream into a nightmare. That’s the harsh reality for countless Nigerians as cement prices skyrocketed by 100%, reaching a staggering ₦7,000 per bag.

Back in 2021, a bag cost a manageable ₦3,500. Today, building feels like constructing a pyramid – backbreaking work with costs threatening to bury you alive.

Price of cement jumps by 100% in 3 years [Pulse Archives]

The pain isn’t limited to aspiring homeowners. Builders like Aisha, a single mother relying on construction jobs, see her income shrink with every overpriced block. A six-inch block, once ₦450, now costs ₦500. A nine-inch one? Up from ₦550 to a gut-wrenching ₦600. Building a basic wall feels like building a palace.

Broken Dreams and Crumbling Bricks

“It’s crushing us,” says Igwe Ukaegbu, his voice heavy with despair. He runs a block-making association, witnessing production plummet and dreams of affordable housing fade. He pleads with the government, “Anything to bring prices down before our industry crumbles!”

But it’s not just greed. Experts point to rising costs, a volatile currency, and inflation as culprits in this cement saga. It’s a perfect storm, leaving ordinary Nigerians like Aisha caught in the crossfire.

Remember that warning about concrete roads jacking up prices to ₦9,000? With experts predicting high prices for 2024, the future of construction looks as shaky as a house built on sand.

Will the government act and salvage the dream of affordable housing? Or will Nigerians be left counting the rising cost of broken dreams, one overpriced brick at a time? Forget the diamond ring; can you afford cement now? 

Read this : Three arrested in alleged Presidency theft

Three arrested in alleged Presidency theft

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Alleged $6.2 Million Scam at CBN

A dark cloud hangs over the Central Bank of Nigeria (CBN) with accusations of a $6.2 million theft allegedly involving forged documents and the Governor himself. The Nigerian government has requested Interpol place three individuals on its watchlist for potentially collaborating with CBN Governor Godwin Emefiele in this shocking scheme.

The accused, Adamu Abubakar, Imam Abubakar, and Odoh Eric Ocheme, stand suspected of forging the signature of former President Muhammadu Buhari and manipulating documents, including letters seemingly written by ex-Secretary to the Government of the Federation, Boss Mustapha. These falsified documents, it’s alleged, were used to trick the CBN into releasing a staggering $6.2 million.

Forged Documents

Imagine: forged presidential letters and manipulated internal memos, all supposedly authorizing a hefty payout. The documents in question paint a concerning picture:

  • A fake presidential ID card bearing the name “Jibril Abubakar.”
  • A letter dated January 23rd, 2023, purporting to be from Buhari addressed to Mustapha.
  • A response letter from Mustapha to Emefiele dated January 26th, 2023.
  • Internal CBN memos, both dated January 31st and February 7th, 2023, seemingly authorizing the transfer.

These fabricated documents, if true, represent a brazen attempt to exploit trust and siphon public funds. Thankfully, the situation hasn’t gone unnoticed. President Bola Tinubu, determined to investigate potential wrongdoings at the CBN and other key government entities, appointed a Special Investigator who promptly requested Interpol’s assistance in tracking the suspects.

While the investigation unfolds, questions swirl: How did these forgeries go undetected? Was Emefiele truly complicit, or a victim of manipulation? Only time and a thorough investigation will reveal the truth behind this alleged multi-million dollar scam.

Don’t forget to share your thoughts in the comment section. The breakthrough we sought for in Nigeria lies in our palms. Patriotism and true nationalism must be revisited. Let’s begin here.

Read this: Gas Explosion:18 shops down in Lagos

Gas Explosion:18 shops down in Lagos

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Horror on Agbado Road

18 shops razed as gas explosion rocks Lagos

Chaos and fear erupted on Agbado Road, Iju Ishaga, Tuesday night, as a gas explosion ripped through the neighborhood. Around 10pm, 18 shops went up in flames, their contents swallowed by an inferno sparked by a seemingly routine delivery.

The Lagos State Fire and Rescue Service revealed a chilling reality: the culprit was a simple gas cylinder. Six of them, giants carrying 75kg each, were being transferred from a truck to a shop when tragedy struck. A faulty cap on one cylinder let loose a fiery genie, igniting the flammable air and setting off a chain reaction.

Gas Explosion Incidence

“Boom!” The first explosion sent shockwaves through the street, shattering the night’s calm. But the nightmare wasn’t over. One cylinder, propelled by the blast, became a fiery missile, hurtling across the road and igniting another inferno. Shop fronts turned into fiery furnaces, their goods reduced to ash and embers.

Thankfully, amidst the flames and panic, there were no reports of injuries or casualties. Firefighters, their sirens wailing like cries of urgency, arrived and battled the blaze with relentless courage. Inch by inch, they wrestled the flames into submission, finally quenching the inferno and leaving behind a scene of smoldering devastation.

18 shops razed as gas explosion rocks Lagos

While the shops may be reduced to charred skeletons, the spirit of Iju Ishaga remains undimmed. The community will undoubtedly rally, rebuilding and recovering from this fiery ordeal. Yet, the incident leaves a chilling reminder: the seemingly mundane can harbor hidden dangers. As we handle flammable materials, let us do so with utmost caution, ensuring that a simple delivery never turns into a night of terror.

18 shops razed as gas explosion rocks Lagos

But amidst the smoke and rubble, a crucial question arises: beyond individual responsibility, who ensures the safety of communities when dealing with everyday risks like gas cylinders? Should stricter regulations and enforcement be placed on suppliers and handlers? Or do we, as a society, need to foster a deeper culture of safety awareness and responsible practices? 

Let us know your thoughts in the comment section.

Read this: Bolaji Agbede Leads Access Holdings as CEO

Bolaji Agbede Leads Access Holdings as CEO

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Sad news struck Access Holdings this week with the unexpected passing of group CEO, Herbert Wigwe. This loss hit the company and wider community hard, as Wigwe was known for his leadership and dedication to good causes. His family and former colleague, Abimbola Ogunbanjo, also passed away in the accident, adding to the sense of grief. What a painful exit!

A new Leadership

Amidst this difficult time, Bolaji Agbede has stepped forward to assume the role of acting GCEO. This appointment signifies both continuity and a fresh perspective within the company. Agbede is no stranger to Access Holdings, having joined Access Bank in 2003 and steadily rising through the ranks. Her diverse experience encompasses various roles, including Assistant General and Head of Group Human Resources. Notably, her recent founding role as Executive Director of Business Support demonstrates her entrepreneurial spirit and leadership qualities.

Agbede’s academic background also showcases her dedication to excellence. Armed with a bachelor’s degree in mathematics and statistics from the University of Lagos and an MBA from Cranfield University, she brings a strong analytical mind and strategic thinking to the table. These qualities, coupled with her esteemed memberships in prestigious management institutes like the Chartered Institute of Management UK and the Chartered Institute of Personnel Management of Nigeria, further bolster her credentials and inspire confidence.

However, Agbede’s appointment awaits approval from the Central Bank of Nigeria, adding a layer of uncertainty to this transitional period. Despite this temporary hurdle, Chairman Abubakar Jimoh expresses unwavering trust in her abilities. He states, “Ms. Agbede, with her extensive experience and deep understanding of Access, is the ideal leader to guide us during this transition.” This statement underscores Jimoh’s belief in Agbede’s ability to navigate the company through this challenging period and fulfill its vision of “building a globally connected community, inspired by Africa for the world.”

 

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Ivory Coast Triumphs in Dramatic AFCON Final, Haller Seals Third Title for Hosts!

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Jubilant scenes erupted in Abidjan as Ivory Coast clinched their third Africa Cup of Nations (AFCON) title with a thrilling 2-1 comeback victory over Nigeria on Sunday. Hosts clawed back from a first-half deficit thanks to goals from Franck Kessie and Sebastien Haller, silencing Victor Osimhen’s Super Eagles and etching their names in history.

Nigeria seemed destined to repeat their group-stage win after captain William Troost-Ekong headed home just before halftime. However, the Elephants refused to buckle, roaring back in the second half. Kessie equalized with a powerful header midway through, setting the stage for Haller’s dramatic late winner in the 81st minute.

This remarkable triumph adds to Ivory Coast’s previous victories in 1992 and 2015, tying them with Nigeria for the third most AFCON titles. It also marks a historic first for the tournament, with Ivory Coast becoming the first host nation to lift the trophy since 2006.

This victory wasn’t just about the final; it capped an incredible rollercoaster journey for the Elephants. On the brink of elimination after a heavy defeat in the group stage, they defied the odds with a stunning turnaround. Head coach Emerse Fae, taking over after Jean-Louis Gasset’s departure, orchestrated a series of knockout victories, including penalty shoot-out dramas against Senegal and Mali, before reaching the final.

The passionate Ivorian fans played their part too, packing the stadium and creating an electric atmosphere. In a typically tense AFCON final, with low-scoring affairs being a norm, this match defied expectations with three well-taken goals.

Ivory Coast’s victory marks a new chapter in AFCON history, proving that even when faced with adversity, resilience and determination can lead to ultimate glory. With this triumph, the Elephants have carved their names in the tournament’s legend and left an indelible mark on African football.

Brace Yourself, Africa! Super Bowl LVIII Arrives Live on DStv!

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The biggest American football showdown hits Africa! Witness history as the 58th Super Bowl LVIII unfolds live and exclusively on DStv’s ESPN (ch. 218) and ESPN2 (ch. 219) from 12:30 AM on Monday, February 12th.

Get ready for an epic clash between champions! The Kansas City Chiefs and San Francisco 49ers, fresh off their conference victories, renew their rivalry four years after the Chiefs’ dramatic Super Bowl LIV win. This marks the Super Bowl’s Las Vegas debut at the stunning Allegiant Stadium, adding a touch of glitz and neon to the already electrifying atmosphere.

But it’s not just about the game. Super Bowl LVIII promises a cultural extravaganza with top-notch entertainment. Grammy Award-winning Reba McEntire belts out the national anthem, while Andra Day delivers a powerful rendition of “Lift Every Voice and Sing.” Don’t miss Post Malone’s soulful version of “America the Beautiful,” and get ready to groove with Usher’s electrifying halftime show.

Whether you’re a gridiron veteran or a first-time viewer, this Super Bowl promises an unforgettable experience. Secure your spot across all DStv packages from Yanga upwards and join the global excitement! Don’t miss out on the most celebrated sporting event in the US, now bigger and brighter than ever before.

No disconnection, MTN reaches agreement

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The Nigerian Communications Commission (NCC) has said that MTN and Globacom have both reached an agreement to resolve the interconnect debt issue, over which the former was to disconnect the latter today. This came as the 10-day pre-disconnection notice issued by the Commission lapsed today.

However, NCC in a statement signed by its Director of Public Affairs, Reuben Mouka, has announced that the disconnection is now ‘put on hold’ for 21 days starting from January 17th, 2024. Within this period, the debt issue is expected to have been completely resolved.
Recall that the telecoms regulator had last week approved a partial disconnection of Globacom by MTN over its refusal to pay interconnect debt.

The development then was to see MTN partially disconnect Glo network from its network as instructed by the telecoms regulator. It would mean that Globacom’s subscribers will not be able to make calls to any MTN number.
However, Glo customers can receive inbound calls from MTN customers.

Muoka, said: “The Commission is pleased to announce that the parties have now reached an agreement to resolve all outstanding issues between them. For this reason, and in the exercise of its regulatory powers in that regard, the Commission has put the phased disconnection on hold for a period of 21 days from today, January 17, 2024.

“Whilst the Commission expects MTN and Glo to resolve all outstanding issues within the 21-day period, the Commission insists that interconnect debts must be settled by all operating companies as a necessary component towards compliance with regulatory obligations of all licensees. It is OBLIGATORY that Mobile Network Operators (MNOs) and other licensees in the telecom industry keep to the terms and conditions of their licenses, especially as contained in their interconnection agreements.”

Recall that as of 2020, the former Executive Vice Chairman of the NCC, Prof Umar Danbatta, who described interconnect debt as “a big challenge” in the industry, put the debt figure at over N70 billion, noting that this has been threatening the operators’ capacity to expand their infrastructure for better quality service.

Atiku has got it all wrong in NNCPCL deal

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In the past few days, there has been a lot of interest from the public and stakeholders regarding the Nigerian National Petroleum Company Limited $3.3 billion crude oil pre-payment loan, also known as Project Gazelle.

The latest of such interest was from former Vice President Atiku Abubakar through a statement asking President Bola Tinubu to account for the Nigerian National Petroleum Company Limited’s $3.3 billion emergency crude repayment loan.

Atiku, who was the 2023 presidential candidate of the Peoples Democratic Party had on Thursday, insisted that there were questions to be answered on the integrity of this deal, and charged the federal government to talk directly on details behind the deal.

He had asked, “Has the federal government accessed the loan? Is the loan in the government’s borrowing plan as approved by the National Assembly? Who are the parties to the loan, and what specific roles are they expected to play? What are the conditions of the loan, including tenor, repayment terms, the collateral, and the interest rate? And, lastly, why register an SPV in the Bahamas knowing the recent scandal of the country’s notoriety for warehousing unclean assets?”

This piece will attempt to provide answers to some of the issues raised by the former VP.

For a start, the financing agreement secured by the NNPCL to prepay future royalties and taxes to the federal government is a crude oil-backed, forward sale structured finance facility sponsored by the National Oil Company, which acts as the seller and sponsor. The facility involves the forward sale of a specific number of barrels of crude oil to a Special Purpose Vehicle (SPV), which has approached international financial institutions for the required funding.

Under this project, NNPC Limited agrees to sell a predetermined quantity of future barrels of crude oil production in advance while securing upfront payment from a special purpose vehicle (SPV) backed by international financial institutions.
This project provides immediate United States dollar financing for NNPC Limited’s operational needs, including paying its tax and royalty obligations to the Federal Government upfront.

By using the upfront funding, Nigeria can maintain the stability of its currency, the Naira, and increase its foreign exchange reserves. This can also be achieved by increasing oil production and exports, but due to current investment limitations, forward-sale contracts, such as the one used in NNPC Limited’s Project Gazelle, offer a more immediate solution. Forward-sale contracts enable resource-producing companies like NNPC Limited to receive significant upfront funding for new projects before production and export.

The funding can then be used for investments in existing and future resources, leading to increased oil and gas production and higher exports, resulting in more dollars and foreign currencies entering the country. International banks have a history of providing forward-sale financings, which can bring new foreign direct investments (FDIs) into Nigeria.

Already, an initial disbursement of $2.25 billion has been made, and a second tranche of $1.05 billion is expected to be disbursed subsequently.
The United Bank for Africa Plc (UBA) acted as the Local Arranger and Onshore Account Bank for the transaction, which is expected to ease the foreign exchange illiquidity and stabilise the Nigerian currency market.

Meta talks tough, puts new rules for messaging teens

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Social media platform, Meta, has unveiled new features targeted at restricting how teens receive messages on Facebook and Instagram. Meta said the new measures are being rolled to build on its earlier policy restricting people above 19 from messaging teens, who are not following them.

The policy, which took off, yesterday, Meta said it is now turning off teens’ ability to receive DMs from anyone they do not follow or are not connected to on Instagram including other teens by default.
Additionally, Meta is also making its parental controls more robust by allowing guardians to allow or deny changes in default privacy settings made by teens. Previously, when teens changed these settings, guardians got a notification, but they couldn’t take any action on them.

Announcing the new features to protect teens on its social media platforms yesterday, Meta said: “To help protect teens from unwanted contact on Instagram, we restrict adults over the age of 19 from messaging teens who don’t follow them, and we limit the type and number of direct messages (DMs) people can send to someone who doesn’t follow them to one text-only message.

“Today we’re announcing an additional step to help protect teens from unwanted contact by turning off their ability to receive DMs from anyone they don’t follow or aren’t connected to on Instagram – including other teens – by default.
“Under this new default setting, teens can only be messaged or added to group chats by people they already follow or are connected to, helping teens and their parents feel even more confident that they won’t hear from people they don’t know in their DMs.

“This default setting will apply to all teens under the age of 16 (or under 18 in certain countries). Those already on Instagram will see a notification at the top of their Feed letting them know we’re making these changes to their message settings.”
Meta, owned by Mark Zukerberg, added that it is also making these changes to teens’ default settings on Messenger, where under 16s (or under 18 in certain countries) will only receive messages from Facebook friends, or people they’re connected to through phone contacts, for example.

Recall that Meta first launched parental supervision on Instagram in March 2022 and since then has continued to add new features to help involve parents more in their teens’ online experiences.
These include the ability for parents to set time limits and schedule breaks, to understand when their teen blocks or shares they have reported someone, and to be notified when their teen changes their settings. The company is now adding more features.

Yahaya Bello and his eight years tenure

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Governor Yahaya Bello has made much impact in his eight-year tenure in the Confluence state despite the general perception and opinion of his perceived political opponents.

On January 27, 2024 to be precise, the administration of Governor Yahaya Adoza Bello will come to an end and pave way for that of Ahmed Usman Ododo who had won the November 11, 2023 governorship election on the platform of the All Progressive Congress APC in Kogi State.

Bello who ventured into the state political landscape in 2015 contested for governorship primary election on the platform of the APC culminating in his becoming number one citizen of Kogi State on 27th of January 2016. The rest is history. Bello has come, saw and conquered, most importantly, he has etched his name in gold following his spectacular performance in the last eight years.

Notwithstanding the critical circumstances that brought him in as the Governor of Kogi State and litany of opposition, Bello however navigated through thick and thin in the past eight years and berthed in style with numerous successes achieved in the State.

Shortly after taking oath of office on January 27, 2016, the new administration which was tagged a “New Direction Administration” led by the young Yahaya Bello highlighted thematic areas for the government such as security of lives and property, health, education, civil service reforms and provision of infrastructures across the length and breadth of Kogi State.

Motivated by a desire to address underdevelopment in Kogi state, Bello constituted a screening committee to look at the various crises rocking the engine room of government – the Civil Service – with the aim of repositioning it. The exercise was greeted with opposition from the labour union and characterised with a lot of noise particularly from the workers.

By and large, Bello’s administration succeeded in weeding out the bad elements and was able to raise Kogi Civil Service to a bar comparable with any State in the federation or ever more better.

This singular act has not only fetched the state accolades and recipient of international awards as the most transparent state and also for adhering strictly to Budget principles. He was also able to determine the monthly wage bill for the State against hitherto ever increase in payment of huge monthly bill.

No doubt about the fact that before the advent of Governor Bello’s administration in Kogi State, the State was known as a flash point for all forms of criminal activities such as armed robbery, kidnapping, cultism and killings. But on assumption of office, Bello swung into action by declaring zero tolerance for crimes in the state and asked the criminals to relocate to another place as Kogi would no longer be a safe destination for them.

He marched his word with action as he donated over 150 Hilux vans to the former Inspector General of Police, Ibrahim Idris Kpotun, to combat crimes in the state.

Not only that, he was determined to ensure the setting up of Joint Security Task Force in the state comprising all the security agencies in Kogi State in collaboration with the State government to reduce the rate of crime.
For taking critical steps to stem the high tide of insecurity in Kogi and Nigeria at large, the then Inspector General of Police, Ibrahim Kpotun recognised Bello’s efforts in fighting insecurity and subsequently became the first Governor to be so honoured with Nigerian

In the area of Agriculture, it is a known fact that Kogi is an agraian State and in line with the determination to ensure food security in the State, the Bello-led administration established the largest Rice Mill at Ejiba with capacity to employ over 2000 workers as the project also targeted to move unemployed youths out of the street. This is in addition to various agricultural program initiated by the new direction administration in the State.

The Health sector’s services delivery was second to none in Kogi State under the leadership of Bello in the past eight years as it received financial boost.

Kunle Remi and Tiwi tie the knot in a star-studded wedding in Ibadan

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Prior to his wedding last weekend, Nollywood actor, Kunle Remi had left many of his fans and followers curious about his relationship status. Why?! He’s one of Nollywood’s most eligible bachelors. On different occasions, the charming and charismatic actor had been romantically linked to a couple of his female colleagues.

Playing love roles with any of these female actresses had opened the ‘Falling’ star to the dating rumours. The rumours kept prompting fans prying to know his actual status. However, as guest once on a popular television programme last year, Kunle Remi finally opened up on his relationship.

The thespian then had revealed that he was in, “a serious relationship”. He had said: “I mean, it is nothing to hide. I have someone. I’m serious.”

Well, that someone appeared to be Boluwatiwi (Tiwi) Oye with whom he tied the knot last weekend in a star-studded traditional and church wedding ceremonies, which took place in Ibadan.

Pictures and clips from the wedding ceremonies trended. It was a beautiful celebration of love, friendship and family. The events also had in attendance business mogul Mr. Femi Otedola and his family. The fact that the billionaire businessman is Tiwi’s maternal uncle came as surprise to many.

Taking to his instagram page to share pictures from the events, Otedola congratulated the couple and wished them well in their new journey together. Captioning the pictures, daddy Cuppy wrote, “Yet more good times to be grateful for! Congratulations to my beautiful niece Tiwi on her union with KR! Wish you a wonderful life together… F.Ote”

Best known for his roles as Saro in the blockbuster movie ‘Anikulapo’, Kunle Remi had, to the surprise of his fans and colleagues, on New Year’s Day, disclosed on his instagram page that he and his wife, Boluwatiwi, exchanged vows. It further revealed that the couple got engaged in the US sometime in 2023 and had their court wedding there.

Human labour cheaper than AI

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Massachusetts Institute of Technology (MIT) has revealed that it is still cheaper to use humans for certain jobs than artificial intelligence (AI).
In a study addressing fears about AI replacing humans in various industries, MIT established that using AI to replace humans is only profitable in a few industries.
This is coming amid concerns that AI will replace many jobs currently handled by humans. The report suggests that AI cannot replace most jobs in cost-effective ways at present.
Already, the International Monetary Fund (IMF) has said that almost 40 per cent of jobs across the globe will be influenced by AI, projecting that advanced economies are expected to experience a higher impact compared to emerging markets and low-income nations.
In a blog post, IMF chief, Kristalina Georgieva, called for governments to establish social safety nets and offer retraining programmes to counter the impact of AI.
But MIT explained that the cost-benefit ratio of computer vision is most favourable in segments like retail, transportation, and warehousing—areas where Walmart Inc. and Amazon.com Inc. are prominent—and in the healthcare context.
It said computer vision is a field of AI that enables machines to derive meaningful information from digital images and other visual inputs, with its most ubiquitous applications showing up in object detection systems for autonomous driving or in helping categorize photos on smartphones.
Giving further insights, MIT researchers said they found that AI could effectively supplant only 23 per cent of workers, measured in terms of dollar wages.
In other cases, because AI-assisted visual recognition is expensive to install and operate, humans did the job more economically.
“Machines will steal our jobs” is a sentiment frequently expressed during times of rapid technological change. Such anxiety has re-emerged with the creation of large language models, said the researchers from MIT’s Computer Science and Artificial Intelligence Laboratory in the 45-page paper titled “Beyond AI Exposure.”
“We find that only 23 per cent of worker compensation ‘exposed’ to AI computer vision would be cost-effective for firms to automate because of the large upfront costs of AI systems.”
The study was funded by the MIT-IBM Watson AI Lab and used online surveys to collect data on about 1,000 visually assisted tasks across 800 occupations.
Only three per cent of such tasks can be automated cost-effectively today, but that could rise to 40 per cent by 2030 if data costs fall and accuracy improves, the researchers said.
Commenting on the study, the Director of the FutureTech Research Project at the MIT Computer Science and Artificial Intelligence Lab, Neil Thompson, said: “Our study examines the usage of computer vision across the economy, examining its applicability to each occupation across nearly every industry and sector. We show that there will be more automation in retail and healthcare, and less in areas like construction, mining, or real estate.”

These killings have to stop, Peter Obi tells security agencies

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The presidential candidate in last year’s election under the Labour Party (LP) and former Governor of Anambra State, Mr. Peter Obi, has called on the federal government and the security agencies to rise up and put an end to the wanton killings in Nigeria.

Obi stressed that for the umpteenth time, Nigerians again woke up to the continued reports of highly condemnable acts of violence reoccurring across the country.

Obi, who stated this via his verified X handle, lamented that: “First was the reported killing of about 30 persons in Plateau State, and secondly, the gruesome killing of husband and wife in Anambra State, whose bodies were left in the boot of their vehicle by the roadside, among many other violent crimes that go unreported in our nation.

“While condemning these dastardly and despicable acts in totality, one wonders when we will wake up to the news of this insecurity that has continued to undermine the peace and progress of our country being curtailed.

“This constant loss of precious lives to insecurity demands that more concerted efforts be taken to end the menace.”
Obi pointed out that he would continue to appeal to everyone, the leaders, especially those in office and the security agencies, to strive harder to unravel and bring the perpetrators of crime to book, and continue to make efforts to rid society of crime and violence.

“I condole with the affected families who have lost their loved ones to the raging insecurity in the country, while praying to God to grant eternal rest to the dead. These are very difficult times in our country, but we must conquer this monster of insecurity to be able to enjoy the New Nigeria of our dreams,” he added.

Over 30 persons were killed and several houses destroyed, in Kwahaslalek and the surrounding communities in Plateau State during the week, as gunmen defied the 24-hour curfew imposed on Mangu Local Government Area by the State government, on Tuesday.

Governor Caleb Mutfwang had declared a 24-hour curfew in Mangu, following the deteriorating security situation in the area, stressing that only persons on essential duties were allowed to move within the local government until further notice.

However, despite the curfew, gunmen stormed Kwahaslalek and its environs, killed more man 30 persons and destroyed several houses and worship centres.

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