M – Macro Prudential Regulation: Setting rules for the financial system to try to prevent a widespread collapse.
Asiwaju under the leadership of GYB spearheaded the fiscal sustainability reforms that helps the State’s financial stability. E.g. Fiscal Sustainability Plan (2017), Public Sector Governance Reform and Development Project (2019) to address weakness in Public Finance Management.
U – Universal Basic Income (UBI): Term used for a variety of schemes to reduce poverty which involve giving all citizens an income that is enough to support them.
Asiwaju under the directive of Governor Yahaya Bello coordinated the economic development team that evaluated the workability of the World Bank Covid-19 Action Recovery and Response Stimulus (2020) (NG-CARES)
K – Kappa measures the effect of volatility on the price of an option.
Asiwaju re-negotiated the State’s bond to extend and spread the repayment process to a longer tenor in order to ease the burden on the State’s monthly allocation and was able to keep the debt indices of Kogi State, both foreign and local, drastically low.
A – Asset is something that can be used to create economic value.
Asiwaju through his tactical and technical capability has helped the State in bringing investors by making sure that the State financial stability can help investors get returns on their investment at the appropriate time.
D – Diversification: The practice of spreading State’s interests widely. In investment diversification is considered best practice.
By the mandate of His Excellency Governor Yahaya Bello, Asiwaju led a team of delegates to Delaware (USA) to facilitate investment on various fronts of Education, Health, Job creation and Youth Engagement. (2021)
A – Absolute Advantage: A concept that helps to explain a State exploiting her comparative advantage for development.
Under the directive of Governor Yahaya Bello, Asiwaju established a successful partnership with Agri Integrated Services Africa Limited to build the 2nd largest Rice Mill in the North Central. A 50 ton Capacity Rice Mill Plant in Ejiba. This is to help harness the State’s rice productive capacity.
M – Multiplier effect: An effect of government increase/decrease in spending which will mean more jobs for workers or otherwise
His role in ensuring a successful partnership between the State and Agri Integrated services Africa limited did not only establish a Rice Mill but also led to provision of about 5,000 direct jobs.
A – Active Manager: Asiwaju because of his administrative acumen was appointed Chairman on about 22 committees between (2020-2022).
S – Strategic industry: An industry that a government deems to be of special importance to the economy and hence deserving of special treatment
Asiwaju being a strategic investment finance specialist was appointed a member of the Ajaokuta Presidential Project Implementation Team by His Excellency Governor Yahaya Bello’s nomination.
I – Infrastructure: The plumbing of the economy. Roads, water supply, Healthcare delivery and others are all vital for an economy’s operation.
Asiwaju presented a memo on Kogi State Bond Programme which was approved by the State Executive Council for prompt implementation.
W – Welfare: A term used, particularly in for social benefits to help people who are unemployed, sick, retired or have low incomes.
Asiwaju as a humanitarian has empowered a lot of
A – Aggregate demand: The flow of spending, across the economy.
Asiwaju through the use of Youth Employment and Social Support Operations (YESSO) has empowered a lot of youths and it has increase their spending capacity.
J – Joint Multiple Effect: When the process of an action leads to the multiple effect of another.
Asiwaju on the mandate of His Excellency Governor Yahaya Bello directed successfully the Fiscal Responsibility Commission which engendered a financial re-engineering that helped in plugging financial loopholes, aide prudency in the system and provide value for money at every instance of project and program execution
U – Utility: The usefulness of a good or service.
Asiwaju is a useful servant leader to the mandate of Governor Yahaya Bello. While serving as the commissioner of Finance, Budget and Economic Planning he successful served as both Chairman and Alternate chairman to about 22 Committee between 2020 & 2022
A – Agriculture: The cultivation of crops and the tending of animals for the purpose of supplying food
Asiwaju with the mandate of Governor Yahaya Bello ensured the successful partnership between Kogi State and Agri Integrated Services Africa Limited which successfully established the Kogi Confluence rice mill in OMI Dam Ejiba which has now become the pride of Kogi State as we now have our own rice available in the stalls for consumption.
S – Specialization: Another term for the division of Labour.
Asiwaju excelled in putting the right category of people in their area of Specialization. Under his Ministry, there are different categories of departments headed with respect to their specialization which has helped in getting results at each task assigned to them.
I – Innovation: Innovation is a key element in improving productivity, which in turn is a big driver of economic growth.
Asiwaju came up with a matrix of funding windows which was developed, analyzed and evident that bond issuance could raise cheaper investible funds. This would later help the State to raise N20B from the capital market through a Bond Programme for investments in infrastructure.
R – Rate of return: The increase value from a process for a project.
The re-engineering of Kogi Investment and Properties Ltd has been re-engineered in line with the Companies and Allied Matters Act secured a guaranteed seed facility of about N2billion from the Federal Mortgage Bank of Nigeria for housing development in the State.
U – Utilitarianism: The act of identifying utility and maximizing it
Asiwaju identified that Geographic Information System (GIS) will be a utility tool for effective land administration for the Bureau of Lands. The economic development team under his Office were able to establish a partnership that commenced it implementation immediately.
I – Insurance: The act of protecting yourself against the financial impact of risk.
Asiwaju with the directives of Governor Yahaya Bello ensured that the States was financially stable even in the face of the pandemic that ravaged the whole world.
D – Dividend: A regular payment made by a company to its shareholders
Asiwaju with the mandate of Governor Yahaya Bello has shown himself as a bonus to the New Direction Administration with his way of handling the State’s finance and channeling it to projects that will give dividends of democracy to the people of the State.
R – Research and development: Often shortened to R&D, this is the vital work that helps to create innovation and boosts productivity in the economy.
Asiwaju is a man that is committed to Research and Development. This is what he is deploying with the 32years Development Plan as it will identify the evidence based needs from each areas and sectors of the State.
I – Investment: This term is used in two linked ways, both referring to putting money to work, usually for the long term.
Asiwaju has helped re-engineered Kogi Investment and Properties Ltd to secure a guaranteed seed facility of about N2billion from the Federal Mortgage Bank of Nigeria for housing development in the State.
S – Services: Economic activities that has transformed the lives of people in the State.
Asiwaju has been dedicated to the services of the New Direction Administration and his commitment has been hailed for transformational projects he has facilitated to the West under the administration of Governor Yahaya Bello.