The Abuja Chamber of Commerce and Industry (ACCI), has trained 11 persons in the first batch of its technical facilities operations and maintenance training.
The Chamber said that the training designed for members of staff of government agencies and private organisations was part of measures to further enhance skills development in Nigeria.
Speaking during closing of the training on Friday in Abuja, the President of ACCI, Dr Al-Mujtaba Abubakar, said that the beneficiaries would contribute their quota to the growth of the economy.
Represented by Prof. Adesoji Adesugba, the 2nd Deputy President of ACCI, Abubakar, said that the one-year training was in collaboration with SKYE, GIZ, SEQUA and the Industrial Training Fund (ITF).
According to him, the chamber currently operates four centres which includes the Abuja Trade Centre (ATC) Business Entrepreneurial Skills and Technology (BEST) Centre, Policy Advocacy Centre (PAC) and Dispute Resolution Centre (DRC).
“The BEST Centre being the training and capacity development arm of the chamber, has in the past few years supported youth empowerment through various vocational skills training programmes,” Abubakar said.
He said that the centre has trained over 2000 persons including women and youths in various skills and capacity development programmes.
Also speaking, the Director of ACCI Best Centre, Dr Tinuke Temitope, said that the training was to further boost employability skills in the country.
Temitope said that the training combined classroom-based learning with practical workshop and industry experience.
“The blend of theory and practice is geared toward giving trainees a head start into employment since they acquire not only the required technical knowledge, but also gain hands-on experience by the time training has been completed.
“We believe by following this approach, the employability of young Nigerians will improve significantly,” she said.
According to her, the process of implementing the training started in May 2020 when the GIZ, SEQUA project partnered with ACCI to review the national occupational standards and occupational profiles of six trades.
“They include office administration, industrial mechanics, industrial electronics, electrical and solar installation and technical facilities operations and maintenance.
“Inputs from the private sector and all relevant stakeholders were extensively captured during the review process,’’ she said.
In his goodwill message, the Director-General of ITF, Sir Joseph Ari, said the Fund would continue to collaborate with ACCI toward empowering the youth through vocational skills acquisition.
Represented by Omotowa Tunji, Assistant Director of Training in ITF, Tunji urged the participants to leverage on the skills acquired during the training and contribute their quota to the growth of the nation’s economy.
Sharing their experiences, Mr Ibrahim Udi on behalf of the 11 graduates said that the training exposed them to more knowledge about facility maintenance.
“I thought I knew some things but in the course of the training I knew better,’’ Udi said.
He commended the organisers for the opportunity and urged government agencies and the private sector to release their employees for such training.
Minister of State for Petroleum Resources, Chief Timipre Sylva, has assured of Federal Government’s commitment to ensure affordable cost of energy for Nigerians.
Sylva gave the assurance on Tuesday in Abuja at the 2nd World Energy Day conference organised by the National Chamber Policy Centre of the Abuja Chamber of Commerce and Industry (ACCI).
Represented by an official of the ministry, Mr Dipo Agboola, the minister said that the Petroleum Industry Act (PIA) would further support the opening up of the downstream oil sector to ensure affordable energy.
He stressed that the need to unbundle the downstream oil sector was imperative.
“We have spent so much on subsidy.
However, when the downstream sector is unbundled, more business opportunities would be created.
“Initially the challenges might be a bit high, but over time it will definitely be in the best interest of the country.
“Take for example, the telecoms sector; when we first had the likes of MTN and Glo coming on board, a SIM card cost N18, 000, but today you can get the SIM card for as low as nothing.
“Also, there is now competition in the telecoms sector.
So, it is necessary that we ensure that energy is affordable for our citizens.
“When energy is affordable, we would have been able to meet some of the Sustainable Development Goals,’’ he said.
I his remarks, President of ACCI, Dr Al-Mujtaba Abubakar, described energy security as the uninterrupted availability of energy sources at an affordable price which had many aspects.
“Long-term energy security mainly deals with timely investments to supply energy in line with economic developments and environmental needs,’’ he said.
Abubakar noted that Nigeria had been pursuing energy transition to promote economic growth and gradually investing in renewable energies, primarily solar.
“This is to reduce carbon emissions while continuing to exploit hydrocarbon resources, especially natural gas, the energy transition fuel for Nigeria.
“Energy transition will continue to impact on the ability of Nigeria and oil and gas companies to attract capital.
“This is as banks and investors prioritise environmental, social and governance factors and move away from funding hydrocarbon projects,’’ he noted.
Abubakar said the conference would provide better appreciation of government’s efforts to develop the sector, improve private sector investment in clean energy and new insights on national policy on energy transition.
“I believe that security in the oil and gas sector will help Nigeria to meet its OPEC daily oil output as well as meet the energy requirements of the country,’’ he said.
The conference theme is: “Energy Security and Sustainability in Oil and Gas Sector’’.
Boosting foreign currency remittance through U.
S. EB-5 Visa policy Participants at the information series on EB-5 investment project in AbujaBoosting foreign currency remittance through U.
S. EB-5 Visa policy A News Analysis by Ikenna Uwadileke, News Agency of Nigeria On Oct. 20 the Abuja Chamber of Commerce and Industry (ACCI) in collaboration with Invest in USA (IIUSA) hosted an interactive session on EB-5 investment project for Nigerians wishing to migrate to the country for investment.
The event with the theme “Pathway to USA Permanent Residency for You and Your Family) provided a platform to enlighten Nigerians on the importance of investors getting the right information on EB-5 opportunities.
The EB-5 program is a U.
S government-authorised visa category created by the Congress in 1990. Its main focus is to inspire foreign investment in job-creating enterprises in exchange for a U.
S. Green Card. The event also provided the U.
S. delegates the opportunity to further woo Nigerians on the need to invest in the U.
S. economy and repatriate their money to Nigeria.
The interaction was huge and offered Nigerians the opportunity to reflect on the benefits of having the right information towards investing in USA using the EB-5 window.
Panelists at the event revealed that 80 per cent investors from Mainland China, South Korea, Taiwan and the U.
K. have applied for the EB-5 programme.
They told the audience that a large number of applicants have also come from Vietnam, India, Brazil, Mexico.
Mr Fife Banks the Project Manager, , urged the Nigerian government to take a cue from other developed nations in creating an attractive framework to drive the country’s visa policy.
According to Banks, an investment in an EB-5 project is not just a financial investment but also an investment in a better future, safety, freedom and opportunities for families and loved ones.
He said that one of the main benefits of the EB5 program is the opportunity to access the U.
S. education system for one’s children and wards.
“Green Cards give EB-5 investors the option to enroll their children in U.
S. public schools from elementary school through high school at no cost.
“Children who have experience in U.
S. classrooms will already be familiar with U.
“Such children will not have to go through as intense adjustment period as international students often do upon entering U.
” Banks said.
Banks also said that adult children could benefit from the EB5 Green Card programme, and encouraged parents to fund such wards’ projects to make them eligible for the EB-5 Green Card. “This is a good option for parents who do not want to immigrate to the U.
S themselves but have children who are married or over 21 years old.
“There are health benefits also.
It grants access to the U.
S. healthcare system.
S is home to some of the world’s best hospitals, top medical schools, and top medical research centers”, Banks said.
On her part, the Director-General of ACCI, Ms Victoria Akai, said Nigeria’s economy could benefit immensely from the policy.
According to her, Nigeria’s business community can repatriate up to two billion dollars into the economy if they leverage the opportunity.
“The more investors Nigeria has in the U.
S. the more opportunities we have to contribute to shaping policies that affect Nigeria and Africans in the U.
S. “According to World Bank statistics, in 2019 Nigeria had a total export of 53.6 billion dollars and total imports of 47 billion dollars, leading to a positive trade balance of about two billion dollars.
“Nigerians are being asked to come and invest in the U.
S. like other countries come to invest in Nigeria, make money, employ their citizens.
“Whatever profits we make in the U.
S., we are also allowed to repatriate it back to Nigeria.
“Eventually, in a year we should be able to repatriate up to one billion or two billion dollars to Nigeria,’’ she said.
According to Akai, many Nigerians seeking legitimate investments in the U.
S., are not connecting with the right people, or getting the right information to enable them effectively manage risks and guarantee success in their investments.
“As experts in the field of international trade and investment, we recognise the advantage of being true global citizens in the sense of global mobility.
“Investment opportunities, which also provide opportunities for citizenship, can help extend peoples’ economic impact and help them build beyond borders and also trade and live without little limitations.
“The process of investing in the U.
S. has been the potential to significantly increase repatriation of funds to Nigeria.
“Nigerian investors can benefit from various continental and trade agreements existing in the U.
S. such as the North American Free Trade Agreement (NAFTA),’’ Akai said.
Mr Aaron Grau, Executive Director, IIUSA, said that Nigerians could achieve permanent U.
S. residency for their families at a minimum of 800, 000 dollars in EB-5 investment.
Grau expressed hope for a cordial and lasting relationship between Nigerians and Americans to ensure that investors had good return for their money.
“Opportunities for citizens to sponsor other family members for Green Cards are all embedded.
Mr McKenzie Penton, Director Event and Business Development, IIUSA, said that the EB-5 project required a strict and regular in-flow of funds.
“One of the most important aspects of the programme is to demonstrate where the money one is investing is coming from.
“Whether it is your earnings, assets or even from friends and family, you will need to prove and show documentation for all sources of money in the investment and fees,’’ he said.
(NANFeature) **If used please credit the writer and News Agency of Nigeria.
The 17th edition of the Abuja International Trade Fair (AITF), organised by the Abuja Chamber of Commerce and Industry (ACCI) opened today, the News Agency of Nigeria reports.
The event taking place at the ACCI trade fair complex is with the theme: “Creating an Export Ready Market Through SME Digitisation”.
Mrs Olayemi John-Mensah, Officer, ACCI, said that the trade fair was expected to host 500 exhibitors, 10,000 products and more than 100,000 visitors.
“At the first day of the event, many exhibitors from within and outside Nigeria are already on ground with different products.
“Visitors have started trooping in to take advantage of the fair which serves as a standard platform for brand establishment that brings together various aspects of trade and industry, foreign ambassadors, business persons, decision-makers, business delegations, entrepreneurs, and innovators.
“Abuja trade fair will continue to provide an avenue where businessmen, entrepreneurs, service providers, and many others converge.
“It also provides an avenue for the distribution of trade, investment, market opportunities, and ideas that would greatly help sellers, buyers, investors, and countries to promote relationships in business,” she said.
John-Mensah further said that the event would offer a range of opportunities for Small and Medium Enterprises (SMEs) to improve performance, spur innovation, enhance productivity and compete on a more even footing with larger firms.
According to her, there will be line up of special days where participants can access more information and connections to improve on their businesses.
Some exhibitors expressed optimism that this year’s edition would be the largest fair since the struggles with COVID-19 that caused disruptions to businesses.
Mr Dominic Etche, a foot ware seller, said that the fair though held during the COVID year, recorded low participation and affected sales.
“From what I am seeing in the first day, it seems promising and we are hoping for better patronage and business connectivity,” Etche said.
Ibrahim Yahaya commended ACCI for the logistics and security which he described as well organised.
“It is a platform to make great sales, connect and share ideas with people.
“We hope for a successful outing,” Yahaya said.
The trade fair is scheduled to end on Oct. 10.
The Abuja Chamber of Commerce and Industry (ACCI), has called on President Muhammadu Buhari to declare a state of emergency in Nigeria’s export sector.
The ACCI President, Dr Al-Mujtaba Abubakar made the appeal on Monday at the 2nd Abuja SME Conference and Exhibition organised via webinar by the National Chamber Policy Centre (NCPC) of ACCI.
The News Agency of Nigeria reports that the event had as its theme: “SMEs as agent of Export Trade’’.
Abubakar also called for a state of emergency in the Small and Medium-scale Enterprises (SMEs) in view of many bottlenecks hindering the prospect of the sector in Nigeria, especially access to export markets.
According to him, our goal is to among other things remove all bottlenecks in the export process.
Represented by the Executive Director, NCPC, Mr Olawale Rasheed, Abubakar who saluted the efforts of regulatory agencies in the sector, said that the state of emergency would speed the operation of domestic warehouses.
He also said that it would fast-track the opening of special export terminals at various ports across the country and streamline export procedures for reduced hindrances for exporters.
Also speaking, the Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr Olawale Fasanya highlighted the need to support the development of SMEs in Nigeria.
Represented by Mr Onesi Lawani, the Deputy Director, Policy, Planning, Monitoring and Evaluation, SMEDAN, Lawani said that Nigeria’s non-oil export must be competitive.
According to Fasanya, Nigeria’s non-oil export earnings are insignificant when compared with other emerging economies as the total value of the non-oil exports in 2021 was 10.083 billion dollars.
“The export market is all about competitiveness and this borders on price and quality.
“Bangladesh a country once touted as poor exported knit and woven garments alone estimated at 30 billion dollars in the first seven months of 2021. “India, another emerging market, exported textiles and apparel worth 29.8 billion dollars between April and December 2021, according to the ministry of textiles in the country.
“Vietnam, another emerging market earned 57.54 billion dollars from export of phones and accessories in 2021 according to the General Department of Vietnam Customs in the country.
“Argentina earned nearly 21 billion dollars from export of delivery trucks, soybean oil, meal, according to the Organisation for Economic Co-operation and Development,’’ Fasanya said.
While urging the Central Bank of Nigeria (CBN) and other development institutions to creatively support the MSMEs to access financial resources, Fasanya said that adequate power supply and friendly ports operations were critical in increasing exports in Nigeria.
“More so, friendly regulations are instrumental to increasing MSMEs exports in Nigeria.
“`Quick wins for MSMEs exports is deliberate efforts of state governments to ease access to land, provision of common processing facility in clusters, and improvement in security.
” According to him, strengthening export processing zones and creating awareness on export standards and potential, are also quick wins for MSMES.
Similarly, the Managing Director and Chief Executive Officer, Abuja Enterprise Agency (AEA), Mr Shehu Abdulkadir said that improved access to financial incentives and provision of basic and technological infrastructure were essential in the growth of MSMEs in Nigeria.
Abdulkadir, represented by the Senior Manager, Research, Statistics and Development in AEA, Usman Usman, also estressed the need for adequate legal and regulatory framework as well as improved commitment to building domestic expertise and knowledge.
In his presentation titled, “The Role of Abuja Enterprise Agency in Promoting SMEs as Agent of Export Trade’’, said that enhancing the capabilities of MSMEs export potential remained critical to diversifying Nigeria’s economy.
According to him, AEA will not relent in strengthening institutional synergy and building the capacities of local industries and MSMEs to produce and export their products to the international market.
“This in our view will lead to the attainment of our goal to expand our non–oil exports and address the myriad of challenges we face as a country,” Abdulkadir said.
Earlier, the Executive Secretary, Nigeria Export Promotion Council (NEPC) Dr Ezra Yakusak, pledged the council’s commitment to curb the rejection of non-oil exports.
Represented by Mrs Ukoanam Gertrude, the Director, Export Development and Incentive Department, NEPC, Yakusak urged Nigerians to leverage on the export trade houses to ensure their products conform to the acceptable standard.
NAN recalls that NEPC on Aug. 25 announced that Nigeria exported 4,146,534 metric tonnes of non-oil products valued at 2.593 billion dollars between January and June 2022. According to Yakusak, the development represents an increase of 62.37 per cent when compared to 1.59 billion dollars recorded in the first half of 2021.
USAfrica Trade and Business Network, Inc, a U.
S.-based non-profit organisation has showcased some commodities from Nigeria to facilitate import and export opportunities for those products to the international markets.
The News Agency of Nigeria reports that some of the Nigerian-made products showcased were honey with mixed spices, Zobo powder groundnut, Tamba finger millet and Acha Fonia, among others.
The 2-day USAfrica Business Expo was organised on the margins of the 77th session of UN General Assembly (UNGA 77) to target delegates from Member States.
The Expo aimed to improve the trade relations between the United States and Africa with the theme, “Facilitating Export-Import Opportunity for U.
S.-Africa Micro Small and Medium Enterprises (MSMEs) for Sustainable Development.
” “We have strategic partners, agencies, parastatals, and the private sector who help make our work gainful in Nigeria and other countries.
,’’ Executive Director, USAfrica Business Expo, Mr Gbenga Omotayo told NAN in New York on Friday.
“Some Nigerian MSMEs are selling their products in the U.
S. with our help, such as shea butter, African black soap, handmade beauty & cosmetic products, African print, spices, etc,’’ he said.
He said that the expo offered enormous leverage for navigation to International markets and an enabling arena where opportunities were created.
In the same vein, he said, deals were made, and different government bodies engaged for a more thriving U.
S. and Africa bilateral relations and trade cooperation.
According to him, the event was organised on the margins of the UN General Assembly, ” because, from research, America is the biggest consumer market, especially for Africans with export-ready products.
” Omotayo said that there were many investment opportunities for Africans to tap into the resources in the United States and vice versa.
He said, ”but, the biggest gap remains the implementation and maximisation of bilateral trade opportunities.
“I realised there were so many significant events where dignitaries such as African diplomats, business, and political leaders continued to pursue partnerships with the United States come together to talk about policies and global development.
“It was on this backdrop that we decided to hold this event annually, within the margins of UNGA, as that is the time when all the African Leaders are in the U.
S, creating an avenue to make it more impactful for the regular business owners.
“The expo, therefore, has been created as an effective platform to help increase the exports of developing countries by aiding African businesses, exporters, and government agencies in maximising initiatives.
“To maximise initiatives such as African Growth and Opportunity Act (AGOA), Prosper Africa, and African Continental Free Trade Area (AfCFTA), and to help find new international markets for export-ready products,’’ he said.
The official expressed optimism that the 2022 edition of the Expo would achieve objective of increasing the number of U.
S. and African businesses.
For over six years, he said, the organisation had been hosting multiple events at the UN towards connecting organisations and enterprises with new buyers, suppliers, and investment opportunities.
“Many connections made at these events had led to long-term relationships and strategic partnerships; this is because, we did not want to limit this impact only to the annual business expo.
“In addition to that, we create the ‘Export-Import Hub’, a members-only hub where we connect buyers and sellers, be it for distributorship, white labeling, or private labeling.
“We also organise training and workshops, some of which were our ‘import and prosper’ and ‘export and prosper’ workshops.
“Outside the Export-Import Hub, we network and maintain meaningful relationships with relevant agencies, institutions, and political and diplomatic leaders,’’ he said.
Omotayo added that the expo was not just for Africans but also for African Americans, including the Caribbean.
He said: “‘It attracts high-net-worth attendees who you could connect with and get started on business deals.
”The likes of potential investors actively seeking opportunities, C-Suite executives, and government officials who can discuss the latest policy and opportunities are present at the Expo.” He called on business owners to key into the vision of the organisation, saying,” we will help you establish your business(es) in the international trade space, focusing on U.
S trade relations.
“You should make yourselves available if you want to leverage the opportunities the expo presents, as you have the chance to network with relevant individuals in a collaborative environment to improve trade and investment drive.
’’ NAN reports that the event was organised in collaboration with NYC Office of the Mayor, Women Arise Development and Humanitarian Initiative (WADHI), Renew Our Earth, Pacetas marketing Agency, Kind Capital Resources (KCR), Strategic Women and Youth Institute, Redberyl Consulting, Susa Tours LTD.
Other partners were Chamber of Commerce and Industry (ACCI), Sustainable Development Goals, Human Energy Development Innovations (HEDi), EXIM (Export-Import) Bank of the United States, Global Chamber, the U.
S. Customs and Border Protection.
Mrs Esther Eghobamien-Mshelia, a Nigerian representative on the UN Committee on Elimination of All Forms of Discrimination Against Women (CEDAW), has proposed digital marketing to assist women sell their products.
Eghobamien-Mshelia said this while speaking in New York on “Promoting Inclusion and Innovations through Gender Response” at a symposium, organised as part of the 2022 USAfrica Expo.” The UN correspondent of the News Agency of Nigeria reports that the High-Level Symposium was organsied on the margins of the 77th session of the UN General Assembly.
The gender expert said digital marketing was a gateway to help women, adding that she has been doing that by creating an App to help train women to market their products.
“We need commerce facilities so that women could produce quality products that will be imported to other countries,” she said Eghobamien-Mshelia also spoke about the discrimination women faced at work, saying that some women experience violence and harassment in their workplaces.
“One of the issues is to promote women in workplaces, there is no level playing field between women and men if it comes to accessing business resources.
“Women’s constraints are different from men as far as access to market is concerned and women account for 60 per cent of population in workspace, but their output is not reflecting in Gross Domestic Products (GDP),.
” she said.
Speaking to NAN on the sidelines of the event, Mr Gbenga Omotayo, Executive Director, USAfrica BusinessExpo, said the Expo, was aimed at targeting investors, distributors, entrepreneurs, businesses, political and diplomatic leaders for business opportunities at the ongoing UNGA.
According to him, USAfrica Trade and Business Network, Inc, a U.
S.-based non-profit organisation, has been connecting organisations, and businesses with new buyers, supplier, and investment opportunities between the U.
S. and Africa.
He said: ‘Our target audience is drawn from across the public and private sectors in trade, investment, automobile innovation, and oil and gas; Micro Small and Medium Enterprises (MSMEs) with agricultural products for export or who export their locally manufactured products hugely from the expo.
“The event brings together representatives of government, UN agencies and development partners, and encourage the exchange of views, sharing of experiences.
”There is also settling of common goals and targets in line with 2030 Agenda for Sustainable Development, particularly those related to health, trade and partnerships.
’’ He said the organisation had been promoting and strengthening trade and investment between the USA and Africa In line with the UN’s Sustainable Development Goals.
“This event is a direct response to the UN’s call, “Urgent action is needed to mobilise, redirect and unlock the transformative power of trillions of dollars of private resources to deliver on sustainable development objectives “Long-term investments, including foreign direct investment, are needed in critical sectors, especially in developing countries”.
“Our event enhances trade agreements and policies between Africa and the United States, encouraging an increase in participation towards the fulfillment of the SDGs in 2030 and AU agenda 2063 goals,’’ the official said.
In addition, he said, focus of the organisation was to help African MSMEs to find U.
S markets for their export-ready products while expanding their distribution networks.
“To do this efficiently, we create room for bilateral conversations between people from customs and select compliance officers from different countries.
“Our exhibitors’ products undergo compliance and standardisation checks to ensure they meet all the requirements needed to sell in retail stores and e-commerce sites in the U.
S., facilitating investment opportunities for American and African businesses,’’ the official said.
Through such events, he said ,participants had gained fundamental knowledge and know-how on U.
S-Africa export by hearing C-level executives and government officials talk about Prosper Africa initiative, African Growth and Opportunity Act (AGOA).
Similar, they were always told what they needed to know to take advantage of these available opportunities efficiently.
Quoting CNN reports, he said that the diaspora was the secret weapon of Africa.
“We strive to bring their wealth, expertise, and resources to Africans doing business in the motherland for Africa’s growth.
“You know Africans outside Africa want to give back but do not know how to do this.
”This event gives them insight as to how they can do this through connections made with people who attend from Africa,’’ the official said.
NAN reports that the event was organised in collaboration with NYC Office of the Mayor, Women Arise Development and Humanitarian Initiative (WADHI), Renew Our Earth, Pacetas marketing Agency, Kind Capital Resources (KCR), Strategic Women and Youth Institute, Redberyl Consulting, Susa Tours LTD.
Other partners were Chamber of Commerce and Industry (ACCI), Sustainable Development Goals, Human Energy Development Innovations (HEDi), EXIM (Export-Import) Bank of the United States, Global Chamber, the U.
S. Customs and Border Protection.
The Abuja Chamber of Commerce and Industry (ACCI), has urged the Nigerian business community to leverage on its upcoming investment information series to own businesses in the U.S. The Director-General of ACCI, Ms Victoria Akai, made the appeal on Wednesday in a news conference in Abuja, to herald the information series on investment opportunities in the U.S., tagged; “EB-5 Passport Series’’.
The News Agency of Nigeria , reports that the event, scheduled for Oct.
20, at the ACCI Trade Convention Centre, Abuja, is organsied by Invest In the USA (IIUSA), in partnership with the ACCI.
According to Akai, the EB-5 Passport Series, is a pathway to owning a business in the US with permanent residency.
“The more investors Nigeria has in the US, the more opportunities we have to contribute to shaping policies that affect Nigeria and Africans in the U.S. “According to World Bank statistics, Nigeria in 2019 had a total export of 53.6 billion dollars and total imports of 47 billion dollars, leading to a positive trade balance of about two billion dollars.
“Nigerians are being asked to come and invest in the U.S. like other countries come to invest in Nigeria, make money, employ their citizens, and whatever profits we make in the U.S., we are also allowed to repatriate it back to Nigeria.
“Eventually, in a year we should be able to repatriate up to one billion or two billion dollars to Nigeria,’’ she said.
According to Akai, many Nigerians seeking legitimate investments in the U.S., are not connecting with the right people, or getting correct information that will enable them effectively manage risks and guarantee success in record time.
“As experts in the field of international trade and investment, we recognise the leverage of being true global citizens in the sense of global mobility.
“Investment opportunities, which also provide opportunities for citizenship, could help to extend peoples’ economic impact and help them build beyond borders and also trade and live without limits.
“The process of investing in the U.S. has been the potential to significantly increase repatriation of funds to Nigeria.
“Nigerian investors can benefit from various continental and trade agreements existing in the U.S. such as the North American Free Trade Agreement (NAFTA),’’ Akai said.
The Abuja Chamber of Commerce and Industry (ACCI) on Tuesday in Abuja pledged to prioritise advancing the course of women in business.
The President of ACCI, Dr Al-Mujtaba Abubakar, made the pledge at a one-day workshop on successful business operational guide and regulatory compliance for Micro, Small and Medium Enterprises (MSMEs).
The event was organised by the ACCI Women in Business Trade Group.
Abubakar said that prioritising the course of women in business was critical in growing the country’s economy.
According to him, the workshop for entrepreneurs is of particular interest to the leadership of ACCI.
“This is because of the high priority we give to advancing the course of women in businesses and the need to support their growth and development.
“Women are very capable of turning things around no matter how difficult.
“A report published by the Global Entrepreneurship Monitor, states that Africa leads the world in the number of women starting businesses, thereby making them to compete favourable with the men.
“The report further stated that in countries like Nigeria, Ghana, Kenya and Zambia, female entrepreneurs outnumber the men hence, the reason for the support we give our women entrepreneurs to keep taking charge,’’ he said.
Abubakar said that women entrepreneurs’ contribution to Nigeria’s economic growth should not be underestimated.
“They have contributed, in no small way, to the economic growth of Nigeria which should not be underestimated.
“Their contributions mostly are in the areas of job creation, poverty alleviation, economic growth and financial sustainability.
“Although faced with many challenges which seems discouraging from going into business, yet women are being motivated to start their own businesses and keep at it till they succeed,’’ he said.
Abubakar described the workshop as one of the ways to support women to gain knowledge that would help them access opportunities, linking them with key stakeholders that would facilitate the growth of their businesses.
Earlier, Mrs Roseline Nwosu, ACCI Vice President, Women Development and Gender Matters, said the workshop would equip the women with information that would assist them access what they need to develop their businesses.
Nwosu also said the focus of the workshop was to provide a platform where MSME’s and start-ups could meet with experienced business executives, key regulatory agencies and financial institutions.
“It will provide information on business development by sharing valuable experiences gathered over the years, regulatory compliance and other business needs such as access to finance,’’ she said.
Nwosu assured of the ACCI Women in Business Trade Group’s commitment to continue with sensitisation programmes geared towards building the capacity of women entrepreneurs on products improvement, services and packaging to meet international standards.
The Managing , Abuja Enterprise Agency (AEA), Mr Muhammed Arabi, said that 60 per cent of the agency’s efforts in developing entrepreneurship were directed at women entrepreneurship.
Represented by Mr David Aruleba, Coordinator FCT One Stop Shop, AEA, Arabi said the agency would support any initiative that supports the development of women entrepreneurship.
“This is because we understand the critical role women play in the economy.
When you empower a women, you empower a nation,’’ Arabi said.
The News Agency of Nigeria reports that 178 women entrepreneurs are participated at the workshop.
The Abuja Chamber of Commerce and Industry (ACCI), has appointed Dr Chijioke Ekechukwu, Group Managing Director and Chief Executive Officer of Bristol Group, as its Vice President-Industry.A statement issued on Friday in Abuja by Olayemi John-Mensah, ACCI Officer, said that the appointment is subject to ratification at the ACCI 2022 Annual General Meeting (AGM).According to the statement, the President of ACCI, Dr Al-Mujtaba Abubakar, announced the appointment of Ekechukwu at the 16th EXCO meeting.The appointment which is subject to ratification at the 2022 AGM would elevate the foremost economist to the Executive Committee of the Chamber.“Ekechukwu is to replace the late Ichie Jude Igwe who occupied the position till his death on October 15, 2021.“Ekechukwu served as the Director-General ACCI between 2017 and 2018.“During his tenure, he turned around and initiated a good number of pragmatic restructuring policies that changed the fortunes of ACCI,’’ the statement said.According to the statement, he holds a BSc Degree in Economics, MBA in Management, M.Sc Degree in Finance and a Doctorate Fellowship of the International Certified Risk Management Professionals of the U.K.“He had many years of experience in banking and rose to top management level before exiting in 2008 to join Bristol Investments Limited as the Managing CEO.“He is on the Board of First Generation Mortgage Bank Ltd, Abuja, Bristol Academy Ltd and Dignity Finance and Investments Ltd. He is also the Chairman of Oriental Rice Mill Ltd.“Ekechukwu, a former President of Rotary Club of Abuja is happily married with children,’’ the statement said.NewsSourceCredit: NAN