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FG Sensitises North East Stakeholders On Trade Agreements Between Nigeria, Partners
Published
3 years agoon
By
EditorThe Federal Ministry of Industry, Trade and Investment, Thursday, sensitized stakeholders of the North East region on a signed trade agreement between Nigeria and her trading partners in Bauchi.
Dr Nasir Gwarzo, the Permanent Secretary of the ministry, represented by senior Adviser Administration, Alhaji Dauda Mohammmed, said in Bauchi that the essence of the workshop was to avail the stakeholders the benefits of the signed trade agreement.
He said the participants would be availed the ample opportunities provided by the trade agreements to promote trade, industry, investment, as well as export.
READ ALSO: Bauchi Govt. Trains 250 Monitors On NSIP
“The difficulties associated with taking advantage of the signed trade and investment agreements by our private sector stakeholders whom the agreements were being negotiated and signed for.
“Which might be owing to non-awareness of the existence of the signed agreements by the stakeholders, lopsided negotiation and ratification challenges, would now be much clearer through this event.
“It would, therefore avail us the privilege to identify opportunities and challenges of those signed trade agreements,” he said.
Gwarzo stressed that it’s imperative to underscore that countries are increasingly focusing attention to the conduct of both domestic and international trade engagements.
READ ALSO: Colony For Herdsmen: Obaseki Withdraws Earlier Promise, Says Edo Will Not Cede Any Land
“Through strengthening trade policies to deepen the quality and capacity to deliver on strategies objectives,” he said
He explained that Nigeria entering into trade agreements with other countries is primarily to facilitate and develop trade relations on the basis of reciprocity,
Gwarzo also stressed that the task of transforming Nigeria into an industrial giant can best be achieved in cooperation with the private sector stakeholders.
Earlier, Mr Zakariya Ishaku, the deputy director, trade, of the ministry, explained that the workshop underscores the importance the ministry attaches to the private sector as drivers of the economy and partners in sustainable development.
He explained that Nigeria has signed some trade agreements, investment promotion and protection agreements, multilateral agreements, organisation of Islamic Cooperation Agreement (OIC), African Continental Free Trade Agreement (AfCFTA),
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“Memorandum of Understanding, to mention but few with her trading partners. This is with a view to enhancing our trade and economic cooperation.
“This is an opportunity for strategic collaboration and engagement between the public and the private sector stakeholders to harness benefits of signing the trade agreements.
“Hence, there is a need to create synergy for the implementation, and awareness among our business communities who are the end users of the signed agreements.”
Mr Ishaku pointed out that the President Muhammadu Buhari-led administration underscores the role of the private sector as a driver of the economy.
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Man, 38 Escapes Assassination Attempt In Benin
Published
9 months agoon
July 22, 2023By
EditorBy Omokha Andrew
A 38-year-old activist, Innocent Omoruyi, narrowly escaped assassination in the early hours of Wednesday, July 19, 2023 as his residence at Obe Community,Sapele Road in Benin city was attacked by yet to be identified gun men.
The attack which eye witnesses say was viciously executed on Wednesday, July 19, 2023 bore the markings of a dreaded cult group terrorizing Benin City, the state capital.
The Obe, Sapale Road incident, it was learnt, happened soon after Omoruyi left the house to attend to matters of interest some few metres away from his home.
The assailants were said to have shot sporadically in their frustration as residents scampered for safety.
However, Omoruyi escaped unharmed.
One of the eye witnesses who craved anonymity said: “The felons apparently went for the kill, weilding guns and other dangerous weapons. “We are shocked that they didn’t see Innocent Omoruyi who was just some few metres away from home when they arrived”.
“How that happened, only God knows and it was obvious that it wasn’t his time to die yet and just before that not long ago his business place on Lagos Street, Benin City was burnt down in the middle of the night by unknown arsonists.
“This sequence of events is not ordinary. We know it’s politically motivated due to the role he played in the last general elections. He has been advised to go into hiding at the moment for his personal safety”, he concluded.
When contacted, the police Public Relations Officer Chidi Nwabuzor said he was yet to get any information as regards the latest incident. He promised to feed our correspondent with relevant details as soon as they become handy.
Our information source however revealed that the matter has already been incidented at the Love World Police station on Sapele Road, Benin city.
Business
Nigeria To Earn Over $4bn Revenue As FEC Okays Concession Of Abuja, Kano Airports
Published
11 months agoon
May 18, 2023By
EditorNigeria will earn over $4 billion in nominal revenue as the Federal Executive Council, FEC, on Wednesday okayed the concession of the Nnamdi Azikiwe International Airport (NAIA), Abuja, and Mallam Aminu Kano International Airport (MAKIA), Kano, to the Corporacion American Airport Consortium, a Luxembourg-based company.
James Odaudu, the Special Assistant on Public Affairs to the Minister of Aviation, disclosed this in a statement on Thursday.
According to him, the Council also approved that the Federal Ministry of Aviation would be renamed the Ministry of Aviation and Aerospace.
READ ALSO: ATMs To Be Upgraded For Loans Services As CBN Gives Banks Ultimatum…
The statement noted that the company would make combined upfront payments of $8.5 million for the concession of NAIA and MAKIA.
He added that the development would spur evidential growth within the Nigerian aviation industry.
“In alignment with the Aviation Roadmap, approved by Mr President on 18th October 2016, the Ministry of Aviation and Aerospace is delighted to inform all stakeholders, both local and international, and the media, that the concession of the Nnamdi Azikiwe International Airport (NAIA), Abuja, and Mallam Aminu Kano International Airport (MAKIA), Kano has been approved by the Federal Executive Council,” the statement said.
READ ALSO: Peter Obi, LP Must Pay N1.5million To Access Documents – INEC
In December 2022 and January 2023, Corporacion American Airport Consortium was announced as the preferred bidder for the airport’s concession after scaling through a series of evaluations of technical and financial bids.
Nominal revenues mean income not adjusted for inflation and decreasing purchasing power.
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Russia Expelled From Council Of Europe Amid War With Ukraine
Published
2 years agoon
March 16, 2022By
EditorThe Council of Europe says it has expelled Russia with immediate effect after 26 years of membership because of the Ukraine war.
The Committee of Ministers took the decision in a special session, the rights body announced in the French city of Strasbourg on Wednesday.
Earlier, Russia had already declared its withdrawal from the Council of Europe after it had taken steps to exclude it.
On Tuesday evening, the Parliamentary Assembly of the Council of Europe voted unanimously in favour of Russia’s exclusion.
Russia joined the Council of Europe on Feb. 28, 1996.
Together with the formal notification of the withdrawal, the Secretary-General of the Council of Europe also received information from the Russian Federation on Tuesday about its intention to denounce the European Convention on Human Rights.
In a statement on Tuesday evening, the leaders of the Council of Europe once again condemned the Russian invasion of Ukraine.
READ ALSO: Ukraine: Horror As Russian Forces Shoot People Queuing For Bread
They expressed their solidarity with the Russian people, who continue to belong to the European family and share its values.
The body said it would continue to stand by Ukraine in the fight against the aggressor.
The Council of Europe monitors the observance of human rights in its 46 member states and is not part of the European Union.
The body reacted to the Russian invasion of Ukraine two weeks ago by suspending Russia’s membership, this decision was considered historic.
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