News
Why Russian Investors Should Localise Production In Nigeria — Envoy
Published
9 months agoon
By
EditorAmb. Abdullahi Shehu, Nigerian Ambassador to the Russian Federation with concurent accreditation to the Republic of Belarus.
Amb. Abdullahi Shehu, Nigerian Ambassador to the Russian Federation on Tuesday encouraged investors from Russian to localise the production of their goods in Nigeria.
Shehu, in an interview with the News Agency of Nigeria (NAN) in Moscow urged the Russian investors to explore the enormous potential in Africa, particularly Nigeria.
Speaking on the just concluded 2nd Russia-Africa Economic and Humanitarian Summit, Shehu identified trade as one of the areas Nigeria would focus in its economic cooperation with Russia.
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According to him, with the platform provided by the summit we can see that there are areas that each country can focus on.
“These include the area of trade. Almost all African countries are interested in trading with Russia. But the point that the Nigerian delegation made is that trade is good but investment and financing are better.
“It is so because under the current geopolitical situation, it is hard to buy and sell and transport goods from Russia to Africa because the logistic chains have been affected by the sanctions.
“Therefore, the best thing to do is to encourage Russia to understand the African market.
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“They should explore the possibilities of investment in Nigeria and take advantage of its huge market and localise the production of their goods in Nigeria,’’ he said.
The Ambassador emphasised that there was a convergence of needs and opportunities in Africa, particularly in Nigeria.
“The needs are there and the Russian companies have the opportunities to invest in ICT, food production, energy and mining and other sectors.
“So, this is why Nigeria came with a vision to see that they sensitise the Russian companies with respect to graduating from trading to investment.
“And this cooperation is in vast areas with other African countries,’’ he said.
READ ALSO: TCN Disconnects Osogbo From National Grid Over Staff Assault
Shehu, who described the summit as a success, said that it did not only deepen the bilateral relations between Russia and African countries but it also fostered continental cooperation.
“So, now we believe that a platform for strategic partnership has been created,’’ he said.
NAN reports that the Russia-Africa Economic and Humanitarian Forum 2023 which held on July 27 and July 28 in St. Petersburg recorded the participation of 17 Heads of State and over 15 African countries represented.
(NAN)
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The presidential candidate of the Labour Party, Peter Obi has explained why the Independent National Electoral Commission, INEC, servers failed to work during the 2023 presidential election.
He said the ‘establishment of criminality’ made the INEC servers not work during the last last general elections.
Obi stated this, while addressing the issues of the 2023 elections, including the IREV servers, in Canada during the weekend.
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The Labour Party flagbearer in 2023 said people must intensify engagement with all the stakeholders to make the system work.
The former Anambra State governor explained that Amazon testified there were no glitches recorded globally on the day of the presidential election.
He said: “Where did we go wrong in the last election? We didn’t go wrong anywhere. We did the right things.
“But as I can always tell people: when you bring a change, you fight all those who live off the old order. They don’t go away; they gang up. And don’t think it’s a straight race to remove an establishment.
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“It’s a long-distance journey anywhere in the world. Go and check anywhere, whether you are looking at what happened in India, with Mandela in South Africa, or America. No change has happened overnight, it takes time.
“I urge all of you, if you really want change, we have just begun. We just have to continue from where we are.
“Yes, there might be one or two things we will correct, those things we will correct. I assure you we are correcting them without naming them.It’s not going to be easy.”
The Ijaw National Congress (INC) says time has come to internationalise the “Ijaw struggle” beyond rhetoric.
Prof. Benjamin Okaba, President, INC, said this in a communique of the 2024 edition of the Ijaw National Day celebration held in Bayelsa.
Okaba said that the vexatious factors that provoked grievances between the late Maj. Adaka Boro and the federal government in the improper management of the oil political economy of Nigeria, have remained unmitigated.
He noted that the situation had worsened with its attendant impunity.
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According to him, the Ijaw environment continues to bear the brunt of petroleum resources exploitation-related pollution without concomitant remediation or reparations of the heavily despoiled ecosystem.
“Instead, Ijaw communities still face the adverse effects of uncontrollable spills, perennial flooding, ocean encroachment and so on,” he said.
The INC president noted that at different forums, it had been made clear that the Ijaw agenda of self-determination was premised on resource and environmental justice.
“What all Ijaw people seek is for a fair, just and justifiable reward for our resources and sacrifices.
“The Ijaw Congress has articulated a set of prescient conditions for its continuous commitment to the Nigerian project and these include restoration of true federalism (fiscal federalism).
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“Devolution of power and repel of all obnoxious and discriminatory environmental and resource related laws (Land Use, PIA), as well as restoration of Ijaw Territory as non-balkanised, administrative and politically generated unit(s).
“This is for the reassurance and promotion of Ijaw developmental pursuits by creating at least two additional states, more local government areas and wards for the Ijaws.
“Remediation of our massively polluted and endangered environment and the enforcement of adherence to international environmental best practices by IOC’s operating in Ijaw territories,” he said.
Okaba also demanded for the relocation of the administrative headquarters of all oil companies and their subsidiaries to their operational bases in Ijaw territory and Niger Delta.
READ ALSO: Ijaw Demand Environmental Clean-up Before IOCs Exit Niger Delta
He further called for proper funding and management of the Interventionist Agencies such as the Presidential Amnesty Programme and Niger Delta Development Commission.
“We call for the promotion of modular refineries owned by our people.
“We also want a balance in appointment at the federal levels (the civil service, military and oil companies) as well as equitable distribution of critical infrastructure, to reflect the true principles of federal character.”
He said it was against this backdrop that the theme of the 2024 Ijaw National Day “Re-Invigorating Our Resolve to take the Ijaw struggle for Self-determination beyond Rhetoric” was derived.
News
Drake Gives Condition To Quit Music As Feud With Kendrick Lamar Thickens
Published
3 hours agoon
May 5, 2024By
EditorUS rapper Drake has vowed to quit his music career if allegations regarding a secret daughter are substantiated.
The controversy started when rival artiste Kendrick Lamar, in his diss track ‘Meet The Grahams,’ levied accusations suggesting Drake’s involvement with an 11-year-old secret daughter.
Lamar branded the Canadian rapper a “deadbeat” for purportedly neglecting his paternal responsibilities
Renowned American media personality Akademiks, however, disclosed rapper’s response to the allegations during a recent broadcast.
According to Akademiks, Drake denied the claims, going as far as promising to leave the music industry and work for Akademiks if any evidence of the alleged secret daughter emerged.
During his Saturday night show, Akademiks shared the rapper’s direct message, stating, “Drake hit [texted] me, he said, ‘Ak, if you or anybody can prove that I have an 11-year-old daughter, I’ll quit rapping and come work for you.’”
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