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Protesters Leave Gani Fawehinmi Park In Lagos

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Normalcy has returned to the Gani Fawehunmi Park Ojota in Lagos State after five days of protests against hardship by some groups , the News Agency of Nigeria (NAN) reports.

A correspondent of NAN ,who was at park yesterday, observed that protesters had left the place and that  more than 40 vehicles belonging to security agencies were seen stationed at the park.

The vehicles parked at the front gate of the park included those of the police , Nigeria Security and Civil Defence Corps , Department of State Service and Lagos State Neighbourhood Safety Agency and the military.

NAN also observed that security  vehicles were parked on the service lanes of the Ojota-Ikorodu Road.

A resident of Ojota,who pleaded anonymity,  told NAN that the organisers of the protest suspended the protest Monday evening, for reasons not disclosed.

He said that a handful of protesters was at the park early Tuesday to continue the protest,  but decided to retreat when they sighted heavy security presence at the park .

“Few members of that group were around this morning, but when they tried to gather, security operatives dispersed them,ensuring normalcy”,  he said.

The Lagos Police Command Spokesperson, SP Benjamin Hundeyin, told NAN that apart from  Ojota ,normalcy had returned to other parts of the state.

Hundeyin said that security personnel would remain at Ojota Park for a while before pulling out completely to ensure that trouble makers did not gather there again.

Our Huge Investment In Creative Industry Will  Boost State Economy – Oyebanji

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Ekiti State Governor, Mr Biodun Oyebanji has reiterated his administration’s commitment to huge investment in the creative industry in the drive to boost the economy of the state.

Governor Oyebanji, who stated this in Ado Ekiti on Monday while performing the ground breaking ceremony of Ekiti State International Centre for Arts and Culture, said the state is already developing systems and infrastructure to enable it take advantage of all that the sector can offer to make the state an art and tourism destination of choice for both national and international communities.

While affirming that Ekiti State, over the years, had demonstrated comparative advantage in the creative industry, the Governor said  the state will continue to harness its natural endowment to sell the huge potential in the creative industry and boost the economy.

At the event,  which was also attended by the Deputy Governor,  Chief (Mrs) Monisade Afuye,  Speaker,  Ekiti State House of Assembly,  Rt. Hon. Adeoye Aribasoye,  members of the State Executive Council,  Secretary to the State Government,  Dr Habibat Adubiaro,  Head of Service,  Dr Folakemi Olomojobi, members of the state traditional council, led by its chairman and Olojudo of Ido Ekiti,  Oba Ayorinde Ilori Faboro, the Governor commended the state cultural troupe for their escapades nationally and internationally and assured them that his administration would continue to provide veritable platforms and support for them to continue to excel in all their future endeavours.

He also reaffirmed his administration’s unwavering determination and commitment to nurture talents, promote cultural exchange, and foster economic growth through the arts. He urged residents of the state to direct their passion towards efforts that will ginger everyone towards achieving the shared prosperity agenda of the government. 

The Governor,  who noted that culture has grown to become the very essence of a people which shapes the identity, preserves traditions, and connects to the past, present, and future added that he was not only constructing a mere physical structure but laying the groundwork for a vibrant cultural ecosystem that will inspire future generations.

He used the opportunity to express his gratitude to some notable indigenes of the state, such as wife of the former Governor of the state, Erelu Bisi Fayemi, Senators Babafemi Ojudu,  Olu Adetunbi and Tony Adeniyi, who have dedicated themselves to the preservation and promotion of the state’s cultural heritage and had assisted in making the project a reality. 

“We are laying the groundwork for a vibrant ecosystem that will inspire generations to come. Ekiti State International Centre for Arts and Culture will be a melting point of creativity where artists from diverse cultures will converge to exchange ideas, showcase their talents, and celebrate the boundless beauty of human expressions.  It will be a place where Arts transcends language and borders, fostering understanding  and harmony among those who work through its doors.

“We recognize the transformative power of art in shaping society, igniting imagination and bridging divides. This centre will not only be a sanctuary for artists but a catalyst for social change and progress.

“Together, we are creating a legacy that will endure for generations,  inspiring creativity,  fostering unity, and showcasing the indomitable spirit of our people.  As we lay this foundation stone today, let it stand as a symbol of our collective vision, our shared passion for the arts, and our unwavering dedication to the cultural enrichment of Ekiti state. He stated.

In his remarks, the Commissioner for Arts, Culture and Creative Economy, Prof. Ojo Bakare commended Governor Oyebanji for all his investment in the creative industry and promised that the state performing arts company would continue to do the state proud in all its national and international engagements.

While describing the edifice as a world hub to engage in critical thinking by the befitting infrastructure, the commissioner added that the new project, when completed, will provide greater opportunities for the performing company to have better and improved platforms to excel.

Forex Crisis: Nigeria’s ID4D Project Gains N8.6bn From Currency Devaluation In 2023 

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federal allocation

By Dickson Pat 

Devaluation of the Naira resulted in a forex gain of N8.6 billion for the Nigeria Identification for Development ,ID4D, project, through which international financiers led by the World Bank are pushing for the enrollment of all Nigerians for the National Identification Number ,NIN.

The World Bank disclosed this in the project’s 2023 audited financial statement just released.

The $430 million project started in 2020 is being funded jointly by the International Development Association ,IDA, the French Development Agency ,AFD, and the European Investment Bank ,EIB.

According to the report, funds received from the financiers in US$ or in Euro (€) are translated into the Nigerian Naira ,NGN, on withdrawal at the exchange rate ruling on the date of withdrawal based on the CBN Autonomous Foreign Exchange Market ,AFEM.

The report shows that the project’s USD and EURO-denominated accounts being managed by the National Identity Management Commission ,NIMC, and the Central Bank of Nigeria ,CBN, received a total of $2,538.92 and €3.03 million in the year under review.

The report indicated that one Dollar which was exchanged for N448.05 at the beginning of the year, closed the year at N898.8, while one EURO that was exchanged for N478.3 in January 2023, closed the year at N993.9. The decline in the value of the Naira led to a forex gain of N8.6 billion.

“During the period, the Project’s transactions were carried out in local currency ,NGN. Foreign Exchange gain of N8,607,679,554.68 is recognised”, the report stated. 

With Naira now exchanging for about N1,600/$1 and N1,750/€, NIMC will now have more money to fund several outstanding aspects of the project, which include procurement of power backup systems; improvement of telecommunication links between NIMC’s critical backend sites; procurement of a Computer Emergency Response Team ,CERT, and Security Operations Center ,SOC; upgrading of the Data Recovery Center ,DRC; and procurement of a contact center and Customer Relationship Management ,CRM, solutions.

According to the World Bank, the project disbursement rate stood at 37.37% as of June 2024. This means that only about $160.7 million has been released out of the $430 million budgeted,

To ensure full disbursement and realize the objectives of the project, the Bank last month announced the restructuring and extension of the project, which was originally designed to close on June 30, 2024.

More disbursements are to be unlocked with the NIMC Amendment Bill

The World Bank in the project restructuring document released in July noted that Nigeria has yet to meet one of the conditions for the disbursement of more funds for the implementation of the project.

“One final disbursement condition which has yet to be met is the amendment of the NIMC Act to promote an inclusive and non-discriminatory legal and regulatory framework”, it said. 

However, the NIMC in a statement issued last week disclosed that the Nigerian National Assembly has begun the process of repealing and enacting the NIMC Act No. 23. It added that the NIMC Amendment Bill represents a significant legislative endeavour to enhance the efficacy and inclusivity of the Identity Management System.

“The amendments seek to fortify the foundational framework of the NIMC and its operations by; Expanding the Scope of Registrable Persons.  

“The benefit to the country is a more comprehensive and inclusive identification system, which enhances national security, facilitates efficient service delivery and promotes financial inclusion”, NIMC said in a statement signed by its Head of Corporate Communications, Kayode Adegoke.   

The ID4D project approved by the Board of IDA in 2020 is seeking to increase the number of persons with a national ID number, issued by the NIMC to facilitate easy access to digital services in the country.

The project was designed to close on June 30, 2024, with several targets set for the country to achieve by that date. However, many of the targets have been missed, necessitating the restructuring and extension to 2026.

According to NIMC, only 107.3 million Nigerians had been issued NIN as of April 2024.

Aside from issuing NIN to 148 million Nigerians by 2024, the Bank listed other targets to include the issuance of NIN to at least 65 million female Nigerians by June 1, 2024, as well as 50 million NIN to children under 16 years of age.

Other performance indicators set for the country include the development of pro-poor functional public and private services employing the foundational ID system for the purpose of authentication and service delivery; NIN enrolments in rural areas; and government personnel trained in best practices for legal and regulatory enabling environments for foundational ID, including privacy and data protection, all of which were to have been achieved by June 2024.

Fitch Downgrades Dangote Industries, lndicts Coy’s Inability To Repay Debt

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dangote

By Yahaya Umar 

Fitch Ratings has downgraded Dangote Industries Limited due to the significant deterioration in the group’s liquidity position following lower-than-expected disposal proceeds, operational and financial underperformance compared to our prior expectations.

Fitch Ratings stated that it has placed Dangote Industries Limited on Rating Watch Negative due to the uncertainty related to the group’s ability to refinance maturing debt.

The ratings firm stated these in a report on August 5, 2024. It stated that the downgrade was affected by local currency devaluation, adding that Dangote Industries Limited’s lack of contracted backup funding to repay its significant debt facilities maturing on August 31, 2024.

“Fitch Ratings has downgraded Dangote Industries Limited National Long-Term Rating to ‘B+(nga)’ from ‘AA(nga)’ and senior unsecured debt rating issued by Dangote Industries Funding Plc to ‘B+(nga)’ from ‘AA(nga)’. Fitch has simultaneously placed the ratings on Rating Watch Negative

“Lack of tangible steps to refinance or repay the maturing debt would lead to further downgrade while we do not expect a positive rating action until the company’s liquidity position improves substantially.

It said Dangote Industries Limited has immediate debt servicing requirements related to the syndicated loan raised to finance the construction of Dangote Oil Refining Company.

“Further delays in meeting the funding requirements would significantly increase the likelihood of financial restructuring or default and lead to further rating downgrade.

“During the first half of 2024 the refinery operated at around 50 percent capacity and produced between 325,000 bpd to 375,000 bpd, but the EBITDA contribution from Dangote Oil Refining Company has been far below our previous projection as the facility is ramping-up and optimizing production”, Fitch said.

Fitch Ratings expects gradual improvement in the EBITDA contribution from Dangote Oil Refining Company going forward following the initiation of gasoline production in Q3 this year.

It stated that major currency devaluation in 2023, caused the group to record a significant FX loss of N2.7tn in 2023 as the company faces a mismatch between USD-denominated debt and domestic revenues.

“We expect devaluation to continue at a higher pace in 2024″, Fitch Rating stated.

Fitch said the company has raised senior unsecured debt amounting to N350bn with long-dated maturities in 2029 and 2032 to finance capex requirements.

“We expect Dangote Industries Limited’s EBITDA margins in cement production to drop further in 2024 following softer retail demand for cement particularly in the Nigerian market and limited ability to pass on increased raw material cost to consumers”, it said.

Fitch Ratings stated that refinancing or repayment of the upcoming maturities and a significant improvement in the liquidity position can lead to positive rating for Dangote Industries Limited while lack of tangible steps to refinance upcoming maturities or steps towards default-like financial restructuring or payment default can lead to negative ratings action.

Foreign Inflow To NGX Rises $161.4m In First Half Of 2024

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By Charles Ebi 

Foreign portfolio inflow into the Nigerian Exchange ,NGX, in the first half of 2024 was about $161.4 million, representing a 14% year-on-year growth from $141.8 million as of the first half of 2023.

The market recorded a total foreign inflow of N229.07 billion during the period, in contrast with N72.02 billion at the end of H1 2023.

In Naira terms, it was a 218% YoY increase, however, due to the 64% devaluation of the Naira, from N508/$ as of H1 2023 to N1420/$ as of H1 2024, the growth was much slower in Dollar terms.

While the market recorded a $161.4 million foreign inflow during the half year, there was a corresponding $219.4 million foreign outflow from the market. This was a massive 52.5% increase from the $144 million foreign outflow recorded from the market in H1 2023.

Foreign participation in the NGX in the first half of 2024 was about $380.74 million (N540.48 billion), representing 20.75% of the total transactions that took place in the market.

This is a significant improvement from H1 2023, where total foreign participation was about $285.7 million (N145 billion), representing about 10% of the total transactions that occurred in the market.

In H1 2024, the total transactions that took place in the NGX were about N2.604 trillion, which is about $1.83 billion. In Naira terms, there was a 79.5% YoY increase from the N1.45 trillion transactions as of H1 2023. However, in Dollar terms, there was a 36% year-on-year decline, as the total transactions in H1 2023 were about $2.86 billion.

Also, in dollar terms, there was a 43% year-on-year decline in domestic transactions, from $2.57 billion as of H1 2023 to $1.45 billion as of H1 2024.

In the second quarter of 2024, there was a 53% spike in foreign participation in the NGX, as the market recorded a total foreign participation of N327.3 billion, or $230.5 million in Q2 2024, in contrast with N213.2 billion, or $152.6 million recorded in Q1 2024.

May 2024 witnessed the highest participation of foreign portfolios in the NGX since November 2021, with a foreign participation of 34.97%. In May, the NGX recorded a total transaction of N355.38 billion, with foreign participation of N124.28 billion ($83.78 million).

The market’s total transactions declined marginally by 0.23% to N354.55 billion in June, from the figure posted in May.

In that month, foreign participation declined to 23.18%, as the total foreign portfolio transactions were about N82.19 billion, or $55.88 million.

Year-on-year, there was a 13% decline in the total transactions that took place in June 2024, as the market recorded a total transaction of N406.75 billion in June 2023. There was also a 34% YoY decline in foreign portfolio transactions from June 2023, as the market recorded a foreign portfolio transaction of $85.04 million in June 2023.

The volume of foreign portfolio outflows was greater than foreign portfolio inflows in all first six months of the year, safe for March.

With foreign portfolio outflows exceeding inflows, it draws a question on the concept of FPIs contributing to forex liquidity within the country, as foreign investors are more in the market to take out rather than bring in.

With the exceptional performance of the NGX as the best performing stock exchange in Africa in the first half of 2024, as well as one of the fastest-growing emerging markets, attention is drawn to the capital-gaining potential of the market.

Also, the increase in foreign investor interest in the NGX is a good omen for the recapitalization effort by the banks.

Tinubu’s Aide Lauds S-East Youths for Shunning Hunger Protest

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From Nwogha Ndubuisi, Abakaliki

As the the national protest continued unabated, the Senior Special Assistant to president Bola Tinubu on Community Engagement, South East, Mrs. Chioma Nweze has commended the youths of the region, especially in Ebonyi state for shunning the ‘end bad governance and hunger’ protest.

Nweze made this known in a statement signed and issued to Journalists in Abakaliki, capital of Ebonyi State.

The senior special assistant to the president, Nweze stated further that shunning the hunger protests is a show of great wisdom and decision to maintain peace and stability in south east region.

“I want to extend my heartfelt appreciation to all Ebonyians and the good people of the South East for your wisdom and restraint in not joining the ongoing nationwide protests in Nigeria.

“Your decision to maintain peace and stability in our region is commendable, and I acknowledge the efforts of community leaders, traditional rulers, and religious leaders who have worked tirelessly to promote calm and understanding, and more importantly the cooperation of our young people in shunning the protest despite knowing they were not isolated from the harsh economic realities plaguing the country and continent.

“Your choice to prioritize dialogue and constructive engagement over confrontation is a testament to the values of peace, unity, and progress that have always defined our people.

“Thank you for being a shining example of responsible citizenship and for contributing to a more harmonious and stable Nigeria under president Bola Tinubu who have heard the young people loudly and clearly and many more goodies would be rolled out in the coming months to complement ongoing efforts.

“May your wisdom and foresight continue to guide us all towards a brighter future” she said.

Flooding: NEMA Delivers 68,087 Litres Of Liquid Gel Fertilizer To Farmers In Niger State

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The National Emergency Management Agency has delivered 68,087 litres of liquid gel fertiliser under the National Food Security Council-Emergency Agricultural Intervention (NFSC-EAI) to Niger State for distribution to farmers affected by the 2018 flood in the State.

The State Acting Governor, Comrade Yakubu Garba received the fertiliser in Minna when the Director General (DG) NEMA, Mrs Zubaida Umar led other officials of the Agency to hand over the items.

The Director General NEMA while handing over the fertiliser, explained that the liquid gel fertiliser is a replacement for the balance of the NPK fertiliser approved for Niger State under the NFSC-EAI which distribution commenced in 2020.

The NEMA boss who was represented by the Director Planning, Research and Forecasting, Dr. Onimode Bandele, explained that the distribution could not be concluded due to the changes in the regulations by the Presidential Fertiliser Initiative (PFI), which terminated the former contract while a new one commenced, substituting the granular powder fertiliser to liquid gel based on recommendation from the Office of the National Security Adviser.

She noted that a litre of the liquid gel fertiliser is equivalent to 50 kg of NPK 20-10-10 Fertiliser and that the process of procuring started in 2022 and ended in February 2024.

She appreciated the Governor of Niger State, Mohammed Umaru Bago for his efforts in Agriculture aimed at promoting national policy on food security and called for timely distribution of the liquid gel fertiliser to the intended beneficiaries.

Responding, the Acting Governor of Niger State, Comrade Yakubu Garba described the gesture as a boost to the Agricultural initiative of the State, adding that the State has no reason to fail in Agriculture.

He commended the Federal Government and the management of NEMA for completing what began in 2020.

The Acting Governor assured that the fertiliser would be judiciously distributed to the beneficiaries, as the Niger State Emergency Management Agency (NSEMA) has kept record of farmers that were affected by the 2018 flood in the State.

Paris Olympics: Team Nigeria Medal hope dims, As Ofili, Oborodudu Misses Out On A Podium Finish

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Joel Ajayi

Hope once look dimmed for team Nigeria at the ongoing 2024 Paris Olympics as Favour Ofili and Blessing Oborodudumissed out on a Podium finish after the 11 days of world event. Blessing Oborududu could not beat her counterpart from Japan  in the Women’s Freestyle 67kg bout on Tuesday.

While Favour Ofili who qualified for 200 meters finial also missed podium after finished 6th in the final of the event.

Samuel Ogazi Qualifies for 400m Final at Paris 2024 Olympics, breaks 36-year Record

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Joel Ajayi

Nigeria’s Samuel Ogazi has made history on Tuesday evening by becoming the first Nigerian athlete in 36 years to qualify for the men’s 400m final at the Olympic Games, following in the footsteps of the legendary Innocent Egbunike.

Ogazi delivered an outstanding performance, clocking a new personal best of 44.41 seconds to finish third in heat 3 of the 400m semifinals, thereby securing his spot in the final.

This remarkable achievement marks a significant milestone for Nigerian athletics, as Ogazi’s qualification for the final brings pride and hope to the nation. His determination and hard work have been evident throughout the competition, and he is now set to compete for Olympic glory in the final.

In other Olympic action, Nigeria’s Ayomide Bello and Beauty Otuedo will compete in Final B of the women’s Canoe Doubles 500m event. The duo showed commendable effort in their quarterfinal heat, finishing fifth with a time of 2:07.86. Their participation in the final is a testament to their dedication and skill in the sport of canoeing.

As the Olympic Games continue, Team Nigeria remains focused and determined to showcase their talents on the world stage. The country looks forward to more outstanding performances and potential podium finishes from its athletes.

The Nigerian Minister of Sports Development, Senator John Owan Enoh, expressed his pride and encouragement for the athletes, stating, “I congratulate Samuel Ogazi for his historic achievement in reaching the 400m final, a feat that hasn’t been accomplished by a Nigerian in 36 years. His performance is a testament to his dedication and the potential of our athletes.”

“I also commend Ayomide Bello and Beauty Otuedo for their strong showing in canoeing. Our athletes are representing Nigeria with great honor and skill, and I urge them to stay focused and give their best as they compete in these final stages. The entire nation is behind you, and we are confident you will make us proud.”

Nigerian Herbal Cures For Lung Cancer, Malaria Validated

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By Chinasa Obidi

Despite advancement in medicine globally, some diseases have remained the top killers as more and more persons die from them. Granted, some that once sat on the top ten list have either gone down or left the list, while some other diseases have for a long time continually made the top list.

Malaria remains on that top list of killer diseases in Nigeria and in Africa at large. It sits comfortably on the second position in Nigeria accounting for 12% of deaths according to a 2009 report, while in Africa it sits on the seventh position accounting for 388 deaths per 100,000 deaths.

On the global scene according to healthline, respiratory cancers sit as the fifth highest cause of death. These respiratory cancers include cancers of the trachea, larynx, bronchus, and lungs. A 2015 study reports that respiratory cancer accounts for about 4 million deaths annually. In developing countries, researchers project an 81- to 100-percent increase in respiratory cancers due to pollution and smoking. Many Asian countries, especially India, still use coal for cooking. Solid fuel emissions account for 17 percent of lung cancer deaths in men and 22 percent in women.

Despite these shocking figures, Nigerians and indeed people from all races need not die from these cancers as well as others cancers and malaria any longer.

United States and Nigerian researchers have, in two separate studies published in reputable medical journals, validated the use of local herbal drugs for the treatment of lung cancer and malaria.

The basic constituents of the herbal drugs SAABFAT6 and SAABMAL include: garlic (Allium sativum), lemon grass (Cymbopogon citratus), bitter leaf (Vernonia amygdalina), sugarcane (Saccharum officinarum), green vegetable/Amaranth (Amaranthus caudatus), aloe vera (Aloe barbadensis) and sesame (Sesamum indicum).

United States researchers from Texas Southern University, Houston, Texas, found that the Nigerian-made herbal supplement, SAABFAT6, has the potential for the regulation the growth of colorectal and lung cancer. It has been registered by the National Agency for Food Drug Administration and Control, NAFDAC.

The study published in April 2015 editions of The FASEB Journal and Experimental Biology is titled “Antiproliferative and Cytotoxic Evaluation of Herbal Supplement SAABFAT6 on HT29 Colorectal Adenocarcinoma Cells.”

The researchers, Syntia E Kwende and Momoh A Yakubu, who presented their findings at the American Society for Pharmacology and Experimental Therapeutics, ASPET, yearly scientific meeting concluded: “The consumption of herbal supplements has been one of the remedies for several aliments including cancer for a long time. Cancers, especially colorectal adenocarcinoma are diseases with high morbidity and mortality and are often associated with suffering and poor quality of life.

“Herbal supplements are an attractive cancer therapy; we have investigated the antiproliferative and cytotoxic properties of the herbal supplement SAABFAT6 on colorectal adenocarcinoma cell (HT29). Ethanol extracts of SAABFAT6 (0.5-2 mg/mL) was incubated with HT29 and in vitro antiproliferative/cytotoxicity activities were evaluated using MTT assay.

“Treatment of HT29 with SAABFAT6 significantly reduced cellular proliferation at 48 and 72 but not at 24 hours except for 2 mg/mL concentration. Cytotoxic evaluation showed significant reduction in cell viability at 24 and 48 hrs (2 mg/mL) and at 48 hours (0.5 and 1 mg/mL). This preliminary result indicates that SAABFAT6 supplement may have a potential for the regulation of HT29 growth and survival.

“Further study is required to identify the mechanisms by which the anti-proliferative and cytotoxic effects of SAABFAT6 is mediated.”

Also, Nigerian researchers from the Departments of Pharmacology & Toxicology and Pharmaceutical Technology & Raw Material Development, NIPRD and Halamin Herbal Centre, Abuja, have demonstrated the efficacy of SAABMAL, a local herbal drug, as a herbal antimalarial formulation against chloroquine sensitive malaria and its potential use in the treatment of uncomplicated malaria infection.

The study published in February 2015 edition of Indian Journal of Medical Research is titled “Antimalarial properties of SAABMAL: an ethnomedicinal polyherbal formulation for the treatment of uncomplicated malaria infection in the tropics.”

The researchers led by Prof. Martins Emeje of NIPRD include I.C. Obidike and Prof. Ben Amodu of Haalamin Herbal Centre Abuja.

They concluded: “In conclusion, our results confirmed the efficacy of SAABMAL® as an herbal antimalarial formulation with acceptable capsule qualities. However, there is a need for development of an appropriate analytical technique for monitoring drug release from the formulation. This will assist in developing appropriate stability parameters and bioavailability/bioequivalence studies during clinical trials.”

Amodu who is also the director and chief researcher of the Centre said the study showed that SAABMAL is a remedy for cancer. The researcher and professor of phythomedicine also added that his products when taken to America had been found to have curing capacity of over 75 per cent of both cancers of lung, colon, and pancreas, among others.

Malaria is a serious problem in the countries of the developing world. As the malaria parasite has become resistant to most of the antimalaria drugs available currently, there is a need to search for newer drugs.

This study reported the pharmaceutical quality and in vivo antimalarial activities of a polyherbal formulation (SAABMAL®) used as malarial remedy in Nigeria.

The antiplasmodial activity of SAABMAL® was determined by using the four-day suppressive test in Plasmodium berghei-infected mice. The formulation was tried on three different experimental animal models for in vivo antimalarial activities, which are prophylactic, suppressive and curative in mice. Chloroquine and pyrimethamine were used as standard drugs for comparison.

The suppressive study showed that, SAABMAL® (200 and 400 mg/kg/bw) significantly produced a suppression (29.39 to 100 per cent) of parasitaemia in a dose-dependent manner, while the curative study showed that SAABMAL® at 400 mg significantly reduced (95.80 per cent) parasitaemia compared with controls.

The mean survival time of SAABMAL®-treated groups (100 and 200 mg/kg) was higher than that of the chloroquine-treated group.

The researchers found no changes in the spleen of both untreated and treated groups. SAABMAL® capsules were of good mechanical properties with low weight variation and high degree of content mass uniformity.

They wrote: “The results obtained in this study showed the efficacy of SAABMAL®, a herbal antimalarial formulation against chloroquine sensitive malaria and its potential use in the treatment of uncomplicated malaria infection.

Further studies need to be done in humans to test its efficacy and safety for its potential use as an antimalarial drug.”

Malaria is a problem in every region of the developing world and contributes significantly to mortality, poverty and underdevelopment in endemic regions. The problem is greatest in Africa, where over 80 per cent of malaria cases and death occur.

Amodu who is and industrial pharmacist graduate of Ahmadu Bello University, and professor of phtomedicine from the Triune Biblical University, USA, Zaria said, “Some American scientists visited me and went to my laboratory to pick 10 of my products for cancer. They went to America and started the analysis. The analysis was to find out if my SAAFAAT6 could cure cancer of the colon.

“They set up a test for it, and in the test, they saw that the medicine was doing well, and also discovered it could cure cancer of the lungs. At the end of the test, the medicine came out 89 per cent effective in the cure of both cancers. They did not stop there; this discovery was presented to a gathering of over 18,000 American scientists. SAAFAAT6 was presented as a lead discovery. And for the first time in the world, a food material could be referred to as a chemotherapeutic agent.
“The reaction it gave in those cancers, especially cancer of the lungs, made them to refer to it as a chemotherapeutic agent in the report. As a result of this cure of cancer of the lungs, we now have cure for asthma. There is nowhere in the world that asthma can be cured, but as I speak to you right now, I cure asthma, because asthma is a disease of the lungs.

“Cancer of the lungs is the highest disease of the lungs. Asthma becomes small in the presence of cancer of the lungs. So, when we combine SAABMAL and SAABFAT6 we cure Asthma. There are so many asthma patients that I have cured”.

Reacting to the lifespan of his researches which have been so recognized, Amodu said, “I have a number of people working with me to be able to carry on with this project so that it is not just dependent on the knowledge I have since it is not something that was handed over to me by my parents. It is something we went through procedure of research to get and they are being documented. I have people working with me so that it will outlive me”.

It is hoped that the Nigerian government grabs this opportunity to partner with the researcher to ensure the diversification of the economy.