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The Abuja Chamber of Commerce and Industry (ACCI), has called for a review of the implementation of economic diplomacy critical in attracting investments into the country.
The President of ACCI, Dr Al-Mujtaba Abubakar made the call on Wednesday in Abuja at a Roundtable on Economic Diplomacy with Nigerian Ambassadors.
While identifying economic interests of nations as driving force for national diplomatic focus and attention, Abubakar said that increasing pressure on Nigeria’s economy implies urgency of a productive implementation of the policy
He urged that the review should design a partnership model between the embassies and chambers of commerce on economic diplomacy and share best practices among business chiefs and ambassadors.
“As you are aware, the economic interests of nations are now the driving force for national diplomatic focus and attention.
“Toward this end, Nigeria has adopted economic diplomacy as a major plank of her foreign affairs and activities at regional, continental and global levels.
“This entails direct promotion of enhanced trade prospects, facilitation of business opportunities and widening of export market,’’ he said.
He said that it necessitated the protection of Nigerian businesses in foreign countries handling trade disputes and promotion of Nigerian private sector.
“There is no doubt that the policy has recorded successes in many areas.
“Nigerian foreign missions and embassies in spite logistic constraints have done a lot to promote and protect national business interests,’’ Abubakar said.
On their part, the Ambassadors and the High Commissioners at the meeting promised to continue to raise the flag of the nation high in their pursuit of national mandate on economic projection and expansion.
They, however, identified areas of urgent attention in the implementation of the policy.
Amb Safiya Nuhu, the Nigerian Ambassador to Romania, Bulgeria and Slovenia, emphasised the need for economic diplomacy to fully integrate the organised private sector.
According to her, economic diplomacy as a concept has not fully integrated the nation’s organised private sector.
She expressed concern that business delegations were still largely populated by public sector representatives.
“There is the need for robust discussions and engagements with Ministry of Foreign Affairs and various other sectors on effective implementation of economic diplomacy policy .
“We need to push that beyond the policy realms and see that this actually gets to the audience that we want.
“We need to motivate our people in Nigeria, the private sector as well as the all the stakeholders to be aware of the economic priorities.’’
The Nigerian Ambassador to Ukraine, Shina Alege, said there was the need to rebrand Nigeria to attract more investments.
“We need to rebrand to make our country attractive to foreign direct investments,’’ Alege said.
While calling for chamber to chamber partnership between Nigeria and foreign nations, Alege said there was the need to strengthen trade facilitation.
(NAN)
Stakeholders in the environment sector on Tuesday in Abuja, sought a credible decarbonisation pathway for Nigeria.
They made the call at the inauguration of the Carbon Chamber Project (CCB), a conference organised by the National Chamber Policy Centre of the Abuja Chamber of Commerce and Industry (ACCI).
The News Agency of Nigeria reports that the conference with the theme “Carbon Footprints Reduction: The Role of Business’’, was aimed at recorgnising the role of business in carbon reduction.
Chief John Udeagbalam highlighted the importance of helping businesses to access their carbon footprint and engage in advocacy for energy efficiency adoption.
Udeagbalam is the National President, Nigerian Association of Chamber of Commerce and Industry, Mines and Agriculture (NACCIMA.
Represented by Chief Emeka Ogbolu, Ist Deputy President, ACCI, Udeagbala emphasised the necessity to create a link between business and green energy providers.
“As much as we have raised the question of justice in energy transition at national and international levels, locally we need action to address our carbon footprints.
“NACCIMA has over 70 chambers of commerce under its fold across the federation.
“With thousands of companies as our members, the Chamber Carbon project is our response to the global push for carbon emissions reduction,’’ Udeagbala said.
Dr Joe Abah, the Country Director, Development Alternatives Incorporated (DAI), emphasised the involvement of businesses in further strengthening Nigeria’s resilience against climate change impacts.
DAI is a company of skilled technical specialists and project managers, trained in the disciplines of international development.
According to Abah, it is fundamental to establish a systematic approach for the country to identify the major climate risks and vulnerabilities facing the country.
“How to strengthen existing capacities to adapt to the impacts of climate change.
“And here, the involvement of businesses and the civil society will be key,’’ he said.
Abah said that finding the right balance between transition to green energy, climate change action and equitable energy access was critical in carbon reduction.
“In Nigeria, a just transition is necessary to achieve a low-carbon economy while ensuring a just outcome for communities.
“Agriculture including forestry and land use change and energy sectors are key sectors requiring significant restructuring to achieve a just transition inclusive for all.
“The green transition is a pathway that comes with many benefits in terms of income, jobs creation and environmental sustainability.
“Both resilience and development can be achieved through a country and continent-wide green transition pathway that would see African economies adopt a low carbon, high-growth formula.
“Green growth and climate-smart solutions are economic and existential imperatives.
“Funding Nigeria’s climate requirements will require decisive action, strategic partnerships and an environment where a thriving private sector is free to develop innovative new business models,’’ he said.
Also speaking, Mr Sean Melbourne, Head of Climate Change and Energy West Africa, UK High Commission, said that the transition to Net Zero `would require unprecedented changes in how we invest, measure risk and assign value to assets’.
“Furthermore, greening the global financial system is crucial to ensuring that the risks from climate change and the opportunities of transition are systematically embedded and priced into mainstream decision-making,’’ Melbourne said.
He said that the global shift to a low carbon economy would transform many sectors including power, transport, construction and agriculture.
“And as the biggest economy in Africa, the low carbon market opportunities in Nigeria are significant. Nigeria’s Economy is expected to undergo massive change over the next two decades.
“The most obvious opportunity is perhaps in the renewables sphere but there are many others too.
“Access to energy is key to promoting inclusive economic development, poverty alleviation, social equity and advances in health and education.
“Off-grid renewables offer the most cost effective solution to bringing energy to people who are not yet connected to the grid.
“As such, these technologies can contribute significantly to building climate resilience in poor rural and urban areas.
“Responsible waste management and support for the biocircular economy is another growth area,’’ he said.
Dr Dorothy Bassey, the National President, Nigerian Environmental Society (NES) said that reduction of Green House Gases was important to boost global economy as well as improve public health.
According to Bassey, it will lead to positive incremental effects on plants and animal biodiversity, reduce the effects of climate change and promote innovation. (
(NAN)
The Abuja Chamber of Commerce and Industry (ACCI), on Thursday inaugurated its Tourism and Creative Industry Trade Group to create sustainable adventure tourism opportunities and networking among members.
This is contained in a statement issued in Abuja by Mrs Olayemi John-Mensah, Officer, ACCI.
Inaugurating the group, Dr Idi Hong, ACCI Vice President on Communication Strategy and External Relations, highlighted the importance of tourism to the development of a country.
According to Hong who is also the Chairman of the group, tourism boosts the revenue of the economy, creates jobs, develops the infrastructure of a country and plants a sense of cultural exchange between foreigners and citizens.
While pointing out that tourism and travel were broad and unique businesses, Hong said that ACCI designated the trade group to harmonise its various components to achieve desirable result.
Hong said membership of the Tourism and Creative Industry Trade Group had several benefits, including providing platform for marketing, creating a cultural exchange between tourists and local citizens and promoting international connections.
According to him, the platform also helps to put Nigeria on the global map, advocate for industry interest and networking for the advancement of the tourism and creative industry.
“Nigeria has invested so much in the tourism and hospitality sector because that is the soul of the economy.
“We of the private sector are major partners of the government in this push to provide necessary trade and hospitality services for the economy to thrive,’’ Hong said.
He commended the Nigeria Tourism Development Corporation (NTDC), the Minister, Federal Ministry of Information and Culture, Alhaji Lai Mohammed and the National Institute of Hospitality and Tourism (NIHOTOUR).
Others are the Hotel Owners’ Forum Abuja (HOFA), Federation of Tourism Associations of Nigeria (FTAN) and the National Council of Art and Culture (NCAC).
Others in the list are the African Continental Free Trade Area (AfCFTA), and other handling Tourism and Hospitality sectors of Nigeria.
The Director-General of ACCI, Victoria Akai informed participants that the only way Nigeria could develop in the aspect of tourism and hospitality was to commit to stronger synergy.
“This entails having powerful collaboration between the travel and hospitality industry, the business community in general together with government,’’ Akai said.
She emphasised the need to leverage innovation to encourage 21st century activities in the trade group, adding that developing new ideas was the way forward to improve tourism and hospitality. (
(NAN)
Vice President Yemi Osinbajo is expected to attend the Young CEO Summit and Honors Show on February 17 in Abuja.
A statement released Monday in Abuja, Media/Strategy Official, ACCI, said that Osinbajo would be the guest of honor in his capacity as an enterprising ambassador with a passion for youth development in Nigeria.
The Young CEOs is the fourth ACCI membership category inaugurated by Dr. Al-Mujtaba Abubakar in May 2020.
It is designed to empower young entrepreneurs to be innovative, resilient and energetic in expanding various sectors of the economy through mentoring and networking.
Young CEOs Chairman Fife Banks said the annual Summit and Honors, which seeks to host more than 500 young entrepreneurs, would set the course for developing shared and sustainable prosperity in the fourth industrial revolution.
According to Banks, this is now being accelerated by the global pandemic and the acceleration of exponential technologies.
“In a nation with a high rate of youth unemployment, multidimensional poverty, and all kinds of mostly perpetrated social vices, having a crop of young people who are striving daily to create value-adding change is a blessing.”
Although he acknowledged that many liked that young people create the Future, he said, “enough of loving them, it's time to finance them.
“Given strategic and sustainable support, the young CEOs will deliver the desired economic future for Nigeria,” said Banks.
The event to be chaired by Youth and Sports Development, Sunday Dare, will be co-chaired by Industry, Trade and Investment, Otunba Niyi Adebayo.
Notable topics to be discussed by the speakers/panelists include the African Continental Free Trade Agreement (AfCFTA), technology, policy, and leadership.
Nigerians who have contributed to the development and empowerment of youth will receive awards in conjunction with the launch of the Young CEOs Africa Investors Dealroom (AID).
ACCI Young CEOs' AID mission is to create a true platform to expand and empower Nigerians, in particular the Abuja startup ecosystem, which invests in youth-led socio-economic innovations and entrepreneurial projects.
Keep readingSource: NAN
Record
The Abuja Chamber of Commerce and Industry (ACCI) says there are modalities to initiate a bill that would force companies to register with a chamber of commerce.
ACCI President Dr. Al Mujtaba Abubakar made this known at ACCI's 31st Annual General Meeting on Thursday in Abuja.
He said mandatory registration would give more recognition to the activities of chambers of commerce.
“We have directed the Executive Director of the ACCI National Chamber Policy Center to work with the National Assembly to initiate a bill that would oblige companies to register with a chamber of commerce.
"It will create more impact on the government's political decisions and that will positively affect companies in the country," said Abubakar.
He said that ACCI had managed to expand business groups towards strengthening the participation of their members.
According to him, in order to strengthen the participation of the members and give the chamber the impetus it requires, several union groups were inaugurated along sectoral lines.
"I'm sure this would help create expertise for members and enhance their lines of business with real-time information about their businesses," Abubakar said.
Abubakar expressed ACCI's determination to expand borders in building relationships with embassies with a view to establishing links between chamber members and their counterparts in other countries.
He said that "through the embassies contacts were made with business organizations and as a result several business networking meetings were held."
The president of the ACCI praised the adoption of some chamber centers as national centers of the Association of Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA).
"This has not only strengthened the work of the centers but has given them a national perspective," he added.
For his part, NACCIMA Second Vice President, Mr. Jani Ibrahim, said that NACCIMA was considering ACCI as a benchmark for camera movement in Nigeria.
According to him, with the quality of the members and the strategic location of its office, the ACCI should promote the movement of the chamber in the Agenda of the African Continental Free Trade Agreement.
Source: NAN
Energy industry stakeholders in Abuja exchanged policy ideas to deepen the country's power sector reform process.
Stakeholders at the 1st Abuja Electric Power conference, organized by Commerce and Industry (ACCI) also highlighted the need to focus on consolidating the result of the privatization exercise in the electricity sector.
The event's theme is "Consolidation of the privatization of the electricity sector: problems and challenges."
ACCI President Mr. Al-Mujtaba Abubakar, in his opening speech, emphasized the need to allow market rules to work for an efficient and sustainable energy sector.
He said the conference's main objective was to address outstanding issues that impede the effective delivery of energy to businesses and citizens.
“We clearly see that market forces and principles must be allowed to operate within the industry.
“The sector cannot function efficiently and sustainably if the rules of the market are not allowed to function.
“This is even more pertinent now that global governments are experiencing declining revenues. All the indices confirm that the government cannot sustain a continuous intervention in the sector.
“We believe that efficient regulatory actions will go a long way towards ensuring that all stakeholders play their role throughout the value chain.
"A situation where regulators are reluctant to enforce established regulations can create distortions within the system," he said.
However, Al-Mujtaba praised the power sector operators for keeping the system running despite challenges and urged the federal government to strengthen the privatization of the power sector.
“We accept and recognize the success stories such as the successful management of assets and responsibility of the defunct National Electric Power Authority and survival in difficult conditions.
“We call on the government to consolidate the privatization exercise to address the problems and setbacks within the system. However, this must be done with strict attention to protecting private investment in the nation's power sector, '' Al-Mujtaba said.
For his part, Mr. Wilson Ali, Vice President of the Nigerian Institution of Power Engineers, said that a reduction in the price of electricity was possible if the challenges facing the reform of Nigeria's energy sector were addressed.
According to him, in an effort to improve the energy supply situation in the country, the government opted for reforms and an eventual privatization of the sector to attract the financial, technical and administrative expertise of the private sector.
“However, the expectations of the government and citizens have not been fully met 15 years after the exercise.
“After the entities were privatized, the new investors were supposed to bring innovation to the operations of these entities to further reduce losses, improve operational efficiency and lower the price of electricity for consumers.
"Unfortunately, due to the way the privatization was carried out, the expected innovation in the operations of these entities is still lacking," he said.
Ali recommended that the electric power institutions (Nigerian Electricity Regulatory Commission, system operators and market operators) established to advance the reform implementation process be strengthened.
"All hands must be on the alert to ensure that the identified challenges and the recommendations made are examined to address and implement them for the growth and development of Nigeria's electricity supply industry and the nation's economy," Ali said.
Similarly, the Managing Director of the Transmission Company of Nigeria (TCN), Mr. Sule Abdulazeez, noted the need for stronger collaboration between state governments and the public to address "right-of-way issues".
Representing Ogbu, General Manager, Business Development, TCN, Abdulazeez blamed some Nigerians for building on the routes.
"The public has played a role in slowing the progression of energy, especially when building buildings on mapped power line routes, where some projects are completed," he said.
Abdulazeez noted the need to maintain ongoing project implementation through the new Nigerian power grid maintenance, expansion and rehabilitation program.
"We need to improve fiction for federally funded projects across the country and push DISCOS to improve viability and efficiency," he added.
Abdulazeez said that one of the challenges for the power sector is liquidity problems.
"How do we deal with liquidity problems in the market rules?
“The market rules said that, as a DISCO, to make sure you pay your bill, you must put an estimated three-month bank guarantee on your bill.
“But when we went into the business proper, we couldn't follow that rule, therefore the DISCS are now paying according to their ability to pay, not the bill.
“This is to the extent that the electricity sector is now facing serious liquidity problems.
“Therefore, if the generation companies cannot receive their money, it means that they cannot pay the gas producers, so they will generate less.
"It means that they cannot maintain their assets or improve them, therefore there is no improvement in energy production," Abdulazeez emphasized.
Source: NAN
By Ikenna Uwadileke
The federal government on Thursday reiterated its commitment to reposition the gas sector for efficient service delivery.
Vice President Yemi Osinbajo made this known by declaring open the 2021 World Energy Day Conference in Abuja.
The news agency of Nigeria reports that the conference organized by the Chamber of Commerce and Industry of Abuja (ACCI), has for theme: "Energy transition: gas as the fuel of choice".
Osinbajo, represented by the Minister of State for Energy, Goddy Agba, underlined the importance of gas in updating the energy transition.
According to him, we cannot execute this transition without gas. Gas is enabling this transition with options for AutoGas on vehicles and, more importantly, gas-fired electricity to replace dirty coal-fired power plants around the world.
“Gas is cleaner than coal or oil and was originally touted as an essential transitional fuel.
“Later, the policy on climate change, especially in the West, started to backfire on gas with very strict policies on the part of many lenders against even the financing of gas projects upstream, halfway or downstream.
“This created the scenario we face today with insufficient gas investments without replacement by renewables leading to scarcity and high prices,” he said.
While reaffirming Nigeria's commitment to lead local and global discussions on gas's position in the New World Order, Osinbajo said the federal government has given the green light to Nigerian Liquefied Natural Gas Train 7.
According to him, train 7 represents an investment of more than 10 billion naira that will keep Nigeria in the world's top five for liquefied natural gas and position the country to benefit from the essential role that gas will play in the energy transition.
He pointed out that the federal government inaugurated the Gas Decade under the aegis of the Ministry of Petroleum Resources.
“Mr. President said on March 29, when we declared 2020 Nigeria's 'Year of Gas', it was to demonstrate our determination to make the development and use of gas a national priority.
“Now we are going even further to devote this decade to the industrialization of Nigeria using gas.
“As part of the Gas Decade, the Ajaokuta-Kaduna-Kano gas pipeline, scheduled for completion in 2023, will not only enable power generation and gas industries across Nigeria, but will also create capacity to develop renewable energies. we will have base power to balance the intermittent solar power plants that must be built to meet our climate goals.
The Vice President, however, expressed concern about insufficient investment in energy to meet the net zero targets.
“There is simply not enough investment in renewable energy to support the anticipated accelerated pace of fossil fuel phase-out.
“Today, fossil fuels meet 83% of primary energy demand.
“Unfortunately, investments in fossil fuels have also fallen by 40% since 2015 without the required ramp-up in renewables. "
According to Osinbajo, if we have learned anything in recent weeks, it is that the energy transition will not be easy, it will not be smooth and it will not happen without difficult choices.
The vice president said the risks of trying to make 30-year commitments to reach net zero were obvious and obvious to everyone.
“The Economist reported that since May the combined prices of oil, coal and gas have risen 95%. It has also been reported that Britain has given up on some coal-fired power plants.
“I am convinced that the energy transition was not intended to make energy less available and unaffordable.
“These events, if not treated with care, can transform global public sentiment against climate change policies,” Osinbajo said.
Earlier, Dr. Al-Mujtaba, President of ACCI, commended the federal government for developing a gas program which has become Nigeria's answer to the energy transition issue.
According to him, the gas marketing program, Autogas initiatives and other policy responses have provided vital responses to Nigeria's energy transition need.
Likewise, Mr. Olawale Rasheed, Policy Director of ACCI, stressed the need for Nigeria to achieve its goal of reducing carbon emissions without harming the national interest.
“Basically we say we need the gas, it's good for us and the gas is cleaner,” Rasheed said.
Also speaking, Mr. Olakpode Sowunmi, CEO of CABTRI, called for increased capacity to produce more gas.
According to him, tempo is how we can increase our ability to produce more gas.
People wonder if we burn a lot of gas why can't we use it for cooking gas, but it's not exactly the same.
“It's like having water in the river, but that doesn't necessarily translate to drinking water.
“The gas needs to be treated to be useful for home consumption,” he said.
Source: NAN
By Akinbuwa Akintomi and Iwezua Goodness Exhibitors at the 16th Abuja International Trade Fair expressed satisfaction with the adequate facilities put in place by the fair organizers, but recommended that advertising be a priority at the next edition.
The fair, organized by the Abuja Chamber of Commerce and Industry (ACCI) from September 30 to October 11, had the theme “Exploring the Opportunities of the African Continental Free Trade Area (AfCFTA)”.
The exhibitors, speaking to the Nigerian News Agency in Abuja, praised the provision of adequate facilities, amenities, electricity and security which made the fair go off without a hitch.
They noted, however, that effective publicity, essential for increasing customer awareness and engagement, should be addressed properly in the next edition of ACCI.
Mr. Isaac Oladipupo, sales promoter of Hero Hunters, which sells motorcycles, congratulated the organizers on the adequate security provided at the site.
“The salon is located at a strategic location which has facilitated accessibility for customers. Our goods are properly secured with no records of damage or loss throughout the fair which is very impressive, ”he said.
According to him, the trade fair has been a center of connection with current and potential buyers, therefore the greater publicity in the future fair should be respected.
Oladipupo noted that the trade fair should not only be about the profit made immediately, but that the awareness created for the products that would lead to increased sales after the fair should be taken into account.
Speaking on the challenges, he denounced the low turnout which he said could be a result of the current economic situation in Nigeria, but called for an appropriate calendar of events which should be dated during the holiday season. to improve patronage.
Mr. Mohammad Ummar, Marketing Director of Welco Industries, a foreign company that produces natural and oil-free kitchenware, also lamented the bad publicity and urged ACCI to improve this.
Ms Anu Oduwapo, first time owner of Avila Naturalle Skin Care Products, said she was delighted with the organization but urged for more awareness and awareness at future shows.
She pointed out that she took to social media to advertise her products at the show online through Instagram and Facebook, among others, which facilitated the sponsorship she received from customers who were looking for her.
Meanwhile, NASCO Group Business Marketing Manager Mr Busari Adebare described the fair as a platform beyond sales that connected people of different racial and tribal backgrounds.
“The fair attracts people from all walks of life and encourages interaction between traders and consumers. The fair also exposed customers to other NASCO products besides cornflakes and cookies, ”he said.
Adebare recognized the creation and maintenance of facilities like washrooms that made commerce convenient for exhibitors.
Mr. Emmanuel Popoola, Marketing Director of Lush Hair, who praised the good distribution of land for the structure also noted that the fair's notoriety was low compared to the Lagos trade fair, which had a negative impact on the sales.
Popoola suggested that more awareness and jingles should be created months ahead of the fair's scheduled date through popular broadcast stations.
Mr Abramham Avyoko, sales director of November Cubes, who called for proper sanitation at the next edition, added that the show has really raised its brand awareness and has promised to attend in 2022 due to its advantages.
Source: NAN
By Emmanuella Anokam
The Abuja Chamber of Commerce and Industry (ACCI) urged the Nigeria Mining Cadastre Office (MCO) to make the mining permit acquisition process open and transparent to ACCI members.
The chamber said making the licensing process transparent to potential minors in the country would boost economic activities in the sector.
Dr Johnson Anene, Vice President, Mines, ACCI, made the call to Abuja in an interview with the Nigeria News Agency on the sidelines of the 16th Abuja International Trade Fair.
reports that the fair, held at the Abuja Trade and Convention Center, organized by ACCI, is themed “Exploring the Opportunities of the African Continental Free Trade Area (AfCFTA)”.
Anene denounced the cumbersome nature of obtaining a mining license, adding that while the process of obtaining the license was not easy, the arrival of the new MCO DG was a relief.
“The process of obtaining a license for minors is cumbersome, but the advent of online application processing has made it really easier for people to apply.
“If the bureau is able to liberalize the licensing of mining operations, it will reduce illegal mining as they resort to illegal mining activities out of frustration.
“But if they know they can apply for and actually get a license if they are qualified, illegal mining will stop,” he said.
He urged the mining cadastre office to also engage in more information or awareness campaigns so that people are made aware of the danger of getting involved in illegal mining.
According to him, the office should also make the process and conditions attached to the license very open and transparent to allow them to know the requirement to acquire the license.
He advised that licenses that have accumulated or have been of no use or granted to inactive minors should be withdrawn from minors, while he should focus on licensing active people for economic growth.
At the same time, the Nigerian chambers of mines, during the special day of the Nigerian mining cadastre office at the show, welcomed the reforms put in place by the office, which have largely met the expectations of mining players.
Speaker of the Chambers, Alhaji Sheu Sani, expressed satisfaction with the ongoing reform and appreciated the federal government's response to decades of stakeholder advocacy.
Sani, who was also a former president of the Nigerian Miners' Association, revealed that most of the changes advocated by the miners, such as the establishment of zone offices, have been implemented.
According to him, the operationalization of the zone offices has eased the burden of minors across the country.
He noted that digitizing the mining licensing process was another laudable step that got stakeholders excited.
“The cadastre has become a reliable partner for miners. The agency has shown that it recognizes its new mandate in the race for a national shift towards the non-oil sector, ”he said.
MCO's chief executive, Mr. Obadiah Nkom, said the office has broadened the ongoing reform to facilitate access to seamless mining operations.
Nkom said reforms and innovations on various fronts are aimed at improving transparency, accessibility and standardization of the licensing process.
“In addition to all the previous benchmarks initiatives, an ongoing project that we are implementing is the thematic mapping of areas closed to mining activities for integration into the digital database of the Nigerian mining cadastre,” he said.
He explained that this initiative would allow the licensing authority to know the restricted areas on which a mining license should not be issued, adding that thematic mapping would serve both the authority and the investing public.
He noted that the MCO was also expanding the digitization project, citing "the establishment of a standard, an electronic recording system and electronic archiving of license records in accordance with the new system upgrade".
“We are creating a standard electronic filing system for our files. This is to ensure the much-needed digitization of operations, which will ease the burden on all stakeholders and facilitate foreign direct investment in the country's global mining sector. "
He indicated that there had been an acquisition of georeferencing and geo-rectification of topographic maps of Nigeria at the scale of 1: 50,000 for integration into the Nigerian mining database.
Nkom, however, noted that the office has adopted and implemented strategies to promote the ease of doing business (EoDB).
Source: NAN
