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  •   The Directorate of Humanitarian and Social Affairs organized a 3 day Coordination and Capacity Building workshop for Multi Stakeholders in Nigeria including MDAs Ministries Departments and Agencies of the Federal Government the Private Sector CSOs Civil Society Organizations and the Media The workshop was part of a two phase activity in Nigeria aimed at the adoption of a roadmap and the establishment of an integrated human security and protection coordination mechanism anchored and coordinated at the highest level of government This aimed at the establishment of the Society Protection Network by strengthening the architecture of Protection and Human Security in the country and the region by extension At the Opening Ceremony the Director of Humanitarian and Social Affairs Dr Sintiki Tarfa Ugbe represented by Hajiya Raheemat Momodu Head of the Human Security and Civil Society Division HSCS welcomed the participants and expressed the gratitude of the ECOWAS Commission of the efforts made by stakeholders to address human protection and security issues He pointed out that these include the fight against human trafficking the promotion of children s rights including the fight against VAC violence against children and irregular migration Others he said include drug abuse IHL International Humanitarian Law GBV Gender Violence and Forced Displacement and Social Protection He also expressed Management s appreciation to the Office of the Permanent Representative of Nigeria to the ECOWAS Commission and the ECOWAS National Unit at the Ministry of Foreign Affairs for their support in co hosting the workshop Other speakers at the opening ceremony include UNICEF Country Representative in Nigeria Mr Peter Hawkins represented by Ms Adebisi Arije and ICRC Head of Delegation Mr Yann Bonzon represented by the ICRC s Multilateral Liaison Officer ICRC Mrs Chinelo Agom Eze The ECOWAS National Unit at the Nigerian Ministry of Foreign Affairs was represented by Mr Johnson Ogbol while the Workshop was opened by the Permanent Representative of Nigeria to ECOWAS Ambassador Musa Nuhu represented by Mr Victor Samuel Makwe In the end the meeting agreed on the need to establish the Nigeria Human Security and Protection Coordination Mechanism and established key advocacy points for the second phase of the activity namely the high level advocacy component It also made critical recommendations to facilitate the work of all stakeholders in advancing the human security and protection agenda These include developing a centralized government database to track progress on protection and human security and ensuring ease of coordination establishing specialized funds to support access to justice specifically helping impoverished victims in civil litigation against their perpetrators and link all relevant strategies to counter crimes against people reforms of the justice system and the police GBV fight against human trafficking policies on child labor response to humanitarian emergencies etc guarantee effective protection measures for witnesses and victims to deal with the victimization of vulnerable people among other recommendations In closing the ECOWAS Commission reiterated its commitment to support all member states to enhance the protection and human security of all ECOWAS citizens and all persons within the ECOWAS space The Representative of the Permanent Representative of Nigeria to ECOWAS Mr Victor Samuel Makwe and the Minister for Foreign Affairs represented by Mr Johnson Ogbole ECOWAS National Unity Counselor at the Ministry also congratulated ECOWAS and the participants for the very interesting discussions and the excellent results and pledged to continue to work assiduously with ECOWAS to achieve results Workshop participants included staff from ECOWAS ECOWAS National Unit Office of the Permanent Representative of Nigeria to ECOWAS Nigerian Ministries and Departments and Agencies including Justice Foreign Affairs Defence Women s Affairs Humanitarian Affairs Labor and Employment Health Education Nigerian Army NPF NSCDC NDLEA NIS NAPTIP NAFDAC The Presidency OSSAP SDGs NBS NCFRMI NEMA National Human Rights Commission NHRC Commission on Nigerians in the Diaspora NIDCOM NACCIMA civil society organizations including NACTAL CYPF CISLAC WOTCLEF The International Academy for Gender and Peace Constituency Watch International Impart Africa Emechihu Favor Discovery Foundation and media institutions including AIT Channels TV NTA Arise TV TVC News Daily Trust FRCN Radio Nigeria Premium Times Vanguard Newspapers The Cable This Day The Guardian Magazine People and Power and NAN Participating partner organizations where UNICEF IOM ICMPD GIZ and ICRC
    ECOWAS and Nigeria Agree on a Roadmap to Institutionalise a Government and Society Wide Approach
      The Directorate of Humanitarian and Social Affairs organized a 3 day Coordination and Capacity Building workshop for Multi Stakeholders in Nigeria including MDAs Ministries Departments and Agencies of the Federal Government the Private Sector CSOs Civil Society Organizations and the Media The workshop was part of a two phase activity in Nigeria aimed at the adoption of a roadmap and the establishment of an integrated human security and protection coordination mechanism anchored and coordinated at the highest level of government This aimed at the establishment of the Society Protection Network by strengthening the architecture of Protection and Human Security in the country and the region by extension At the Opening Ceremony the Director of Humanitarian and Social Affairs Dr Sintiki Tarfa Ugbe represented by Hajiya Raheemat Momodu Head of the Human Security and Civil Society Division HSCS welcomed the participants and expressed the gratitude of the ECOWAS Commission of the efforts made by stakeholders to address human protection and security issues He pointed out that these include the fight against human trafficking the promotion of children s rights including the fight against VAC violence against children and irregular migration Others he said include drug abuse IHL International Humanitarian Law GBV Gender Violence and Forced Displacement and Social Protection He also expressed Management s appreciation to the Office of the Permanent Representative of Nigeria to the ECOWAS Commission and the ECOWAS National Unit at the Ministry of Foreign Affairs for their support in co hosting the workshop Other speakers at the opening ceremony include UNICEF Country Representative in Nigeria Mr Peter Hawkins represented by Ms Adebisi Arije and ICRC Head of Delegation Mr Yann Bonzon represented by the ICRC s Multilateral Liaison Officer ICRC Mrs Chinelo Agom Eze The ECOWAS National Unit at the Nigerian Ministry of Foreign Affairs was represented by Mr Johnson Ogbol while the Workshop was opened by the Permanent Representative of Nigeria to ECOWAS Ambassador Musa Nuhu represented by Mr Victor Samuel Makwe In the end the meeting agreed on the need to establish the Nigeria Human Security and Protection Coordination Mechanism and established key advocacy points for the second phase of the activity namely the high level advocacy component It also made critical recommendations to facilitate the work of all stakeholders in advancing the human security and protection agenda These include developing a centralized government database to track progress on protection and human security and ensuring ease of coordination establishing specialized funds to support access to justice specifically helping impoverished victims in civil litigation against their perpetrators and link all relevant strategies to counter crimes against people reforms of the justice system and the police GBV fight against human trafficking policies on child labor response to humanitarian emergencies etc guarantee effective protection measures for witnesses and victims to deal with the victimization of vulnerable people among other recommendations In closing the ECOWAS Commission reiterated its commitment to support all member states to enhance the protection and human security of all ECOWAS citizens and all persons within the ECOWAS space The Representative of the Permanent Representative of Nigeria to ECOWAS Mr Victor Samuel Makwe and the Minister for Foreign Affairs represented by Mr Johnson Ogbole ECOWAS National Unity Counselor at the Ministry also congratulated ECOWAS and the participants for the very interesting discussions and the excellent results and pledged to continue to work assiduously with ECOWAS to achieve results Workshop participants included staff from ECOWAS ECOWAS National Unit Office of the Permanent Representative of Nigeria to ECOWAS Nigerian Ministries and Departments and Agencies including Justice Foreign Affairs Defence Women s Affairs Humanitarian Affairs Labor and Employment Health Education Nigerian Army NPF NSCDC NDLEA NIS NAPTIP NAFDAC The Presidency OSSAP SDGs NBS NCFRMI NEMA National Human Rights Commission NHRC Commission on Nigerians in the Diaspora NIDCOM NACCIMA civil society organizations including NACTAL CYPF CISLAC WOTCLEF The International Academy for Gender and Peace Constituency Watch International Impart Africa Emechihu Favor Discovery Foundation and media institutions including AIT Channels TV NTA Arise TV TVC News Daily Trust FRCN Radio Nigeria Premium Times Vanguard Newspapers The Cable This Day The Guardian Magazine People and Power and NAN Participating partner organizations where UNICEF IOM ICMPD GIZ and ICRC
    ECOWAS and Nigeria Agree on a Roadmap to Institutionalise a Government and Society Wide Approach
    Africa9 months ago

    ECOWAS and Nigeria Agree on a Roadmap to Institutionalise a Government and Society Wide Approach

    The Directorate of Humanitarian and Social Affairs organized a 3-day Coordination and Capacity Building workshop for Multi-Stakeholders in Nigeria, including MDAs (Ministries, Departments and Agencies) of the Federal Government, the Private Sector, CSOs (Civil Society Organizations ) and the Media. The workshop was part of a two-phase activity in Nigeria aimed at the adoption of a roadmap and the establishment of an integrated human security and protection coordination mechanism, anchored and coordinated at the highest level of government. This aimed at the establishment of the Society "Protection Network" by strengthening the architecture of Protection and Human Security in the country and the region by extension.

    At the Opening Ceremony, the Director of Humanitarian and Social Affairs, Dr. Sintiki Tarfa Ugbe, represented by Hajiya Raheemat Momodu, Head of the Human Security and Civil Society Division (HSCS) welcomed the participants and expressed the gratitude of the ECOWAS Commission of the efforts made by stakeholders to address human protection and security issues. He pointed out that these include the fight against human trafficking, the promotion of children's rights (including the fight against VAC, violence against children) and irregular migration. Others, he said, include drug abuse, IHL (International Humanitarian Law), GBV (Gender Violence) and Forced Displacement and Social Protection. He also expressed Management's appreciation to the Office of the Permanent Representative of Nigeria to the ECOWAS Commission and the ECOWAS National Unit at the Ministry of Foreign Affairs for their support in co-hosting the workshop.

    Other speakers at the opening ceremony include UNICEF Country Representative in Nigeria, Mr. Peter Hawkins, represented by Ms. Adebisi Arije and ICRC Head of Delegation, Mr. Yann Bonzon, represented by the ICRC's Multilateral Liaison Officer. ICRC, Mrs. Chinelo Agom-Eze. . The ECOWAS National Unit at the Nigerian Ministry of Foreign Affairs was represented by Mr. Johnson

    Ogbol while the Workshop was opened by the Permanent Representative of Nigeria to ECOWAS, Ambassador Musa Nuhu, represented by Mr. Victor Samuel Makwe.

    In the end, the meeting agreed on the need to establish the Nigeria Human Security and Protection Coordination Mechanism and established key advocacy points for the second phase of the activity, namely the high-level advocacy component. It also made critical recommendations to facilitate the work of all stakeholders in advancing the human security and protection agenda. These include: developing a centralized government database to track progress on protection and human security and ensuring ease of coordination, establishing specialized funds to support access to justice (specifically helping impoverished victims in civil litigation against their perpetrators) and link all relevant strategies to counter crimes against people (reforms of the justice system and the police; GBV, fight against human trafficking, policies on child labor; response to humanitarian emergencies , etc.), guarantee effective protection measures for witnesses and victims to deal with the victimization of vulnerable people, among other recommendations.

    In closing, the ECOWAS Commission reiterated its commitment to support all member states to enhance the protection and human security of all ECOWAS citizens and all persons within the ECOWAS space. The Representative of the Permanent Representative of Nigeria to ECOWAS, Mr. Victor Samuel Makwe, and the Minister for Foreign Affairs represented by Mr. Johnson Ogbole, ECOWAS National Unity Counselor at the Ministry, also congratulated ECOWAS and the participants for the very interesting discussions and the excellent results and pledged to continue to work assiduously with ECOWAS to achieve results.

    Workshop participants included staff from ECOWAS, ECOWAS National Unit, Office of the Permanent Representative of Nigeria to ECOWAS, Nigerian Ministries and Departments and Agencies including: Justice, Foreign Affairs, Defence, Women's Affairs, Humanitarian Affairs, Labor and Employment, Health, Education, Nigerian Army, NPF, NSCDC, NDLEA, NIS, NAPTIP, NAFDAC, The Presidency- OSSAP-SDGs, NBS, NCFRMI, NEMA, National Human Rights Commission (NHRC), Commission on Nigerians in the Diaspora (NIDCOM), NACCIMA, civil society organizations including NACTAL, CYPF, CISLAC, WOTCLEF, The International Academy for Gender and Peace,

    Constituency Watch International, Impart Africa, Emechihu Favor Discovery Foundation and media institutions including AIT, Channels TV, NTA, Arise TV, TVC News, Daily Trust, FRCN, Radio Nigeria, Premium Times, Vanguard Newspapers, The Cable, This Day, The Guardian Magazine, People and Power and NAN.

    Participating partner organizations where UNICEF, IOM, ICMPD, GIZ and ICRC.

  •   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
    ACCI seeks mandatory registration of businesses into commerce chambers
      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
    ACCI seeks mandatory registration of businesses into commerce chambers
    General news12 months ago

    ACCI seeks mandatory registration of businesses into commerce chambers

    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

  •   The Women Entrepreneurs Group NAWORG of the Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA has urged the Federal Government to ensure that 30 of the total sum of acquisitions goes to women s businesses Hajiya Aisha Abubakar president of NAWORG made the call at a press conference after a roundtable promoting the implementation of the presidential executive order on the consideration and allocation of quotas to women owned companies in public procurement in Abuja The promotion theme is Improving the economic empowerment of women through inclusive public procurement processes Abubakar said funneling a percentage of the procurement sum to women entrepreneurs would ensure their inclusion in public procurement processes and allow them to contribute to the nation s economy According to her despite Executive Order 003 from President Muhammadu Buhari By instructing all ministries departments and agencies MDA to give preference to local manufacturers in the procurement of goods and services a small percentage goes to women owned businesses The case for gender equality is based on both economic and human rights arguments As such closing gender gaps must be a central part of any strategy to create more sustainable and inclusive economies and societies Therefore we specifically advocate for better market demand for products and services from women owned businesses according to Presidential Executive Order 3 published in 2017 titled Executive Order on Support for Local Content in Government Procurement Abubakar said the case for gender equality is based on both economic and human rights arguments While gender parity in educational attainment is improving women remain highly underrepresented in key growth enhancing fields of education such as science technology engineering and mathematics Women are less likely to work for wages and do more unpaid housework than men In this context it is not surprising that the position of women in business leadership and entrepreneurship needs to be strengthened she said The President also called for greater access to support networks including professional advice on legal and tax matters in addition to the importance of improving market demand for products and services from women owned businesses Additionally Ms Vera Ndanusa President of the Nigerian Women Entrepreneurs Association said that inclusiveness transparency competitiveness and professionalism in Nigerian public procurement would enhance the participation of women s businesses Ndanusa who is also the National Coordinator of the Association for the Advancement of Women in Economic Development PAWED said Executive Order 003 and 005 provide an opportunity for women s businesses to prosper In Nigeria women s businesses account for only 1 of all acquisitions at the federal and state levels This is due to the lack of access to information on opportunities legal and regulatory challenges and other barriers that prevent women from accessing this critical sector of national growth While global acquisitions are estimated at 5 5 billion Nigeria spends 1 1 billion on acquisitions This equates to N473 billion Only N4 73 billion go to women s businesses Let us therefore work together to ensure that the commitment of Nigerian stakeholders to ensure that 30 of all procurement is delivered to women entrepreneurs is a reality he said In addition UN Women Deputy Secretary Lansana Wonneh stressed the need for the government to strengthen women owned businesses to move the national economy create employment opportunities and close the gender gap For his part Mr Ayoola Olukanmi General Director of NACCIMA reiterated his commitment to the successful implementation of the Executive Order so that the sum of 30 percent of acquisitions for women s companies becomes a reality Source NAN
    NACCIMA Women advocates 30% public procurement for women entrepreneurs
      The Women Entrepreneurs Group NAWORG of the Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA has urged the Federal Government to ensure that 30 of the total sum of acquisitions goes to women s businesses Hajiya Aisha Abubakar president of NAWORG made the call at a press conference after a roundtable promoting the implementation of the presidential executive order on the consideration and allocation of quotas to women owned companies in public procurement in Abuja The promotion theme is Improving the economic empowerment of women through inclusive public procurement processes Abubakar said funneling a percentage of the procurement sum to women entrepreneurs would ensure their inclusion in public procurement processes and allow them to contribute to the nation s economy According to her despite Executive Order 003 from President Muhammadu Buhari By instructing all ministries departments and agencies MDA to give preference to local manufacturers in the procurement of goods and services a small percentage goes to women owned businesses The case for gender equality is based on both economic and human rights arguments As such closing gender gaps must be a central part of any strategy to create more sustainable and inclusive economies and societies Therefore we specifically advocate for better market demand for products and services from women owned businesses according to Presidential Executive Order 3 published in 2017 titled Executive Order on Support for Local Content in Government Procurement Abubakar said the case for gender equality is based on both economic and human rights arguments While gender parity in educational attainment is improving women remain highly underrepresented in key growth enhancing fields of education such as science technology engineering and mathematics Women are less likely to work for wages and do more unpaid housework than men In this context it is not surprising that the position of women in business leadership and entrepreneurship needs to be strengthened she said The President also called for greater access to support networks including professional advice on legal and tax matters in addition to the importance of improving market demand for products and services from women owned businesses Additionally Ms Vera Ndanusa President of the Nigerian Women Entrepreneurs Association said that inclusiveness transparency competitiveness and professionalism in Nigerian public procurement would enhance the participation of women s businesses Ndanusa who is also the National Coordinator of the Association for the Advancement of Women in Economic Development PAWED said Executive Order 003 and 005 provide an opportunity for women s businesses to prosper In Nigeria women s businesses account for only 1 of all acquisitions at the federal and state levels This is due to the lack of access to information on opportunities legal and regulatory challenges and other barriers that prevent women from accessing this critical sector of national growth While global acquisitions are estimated at 5 5 billion Nigeria spends 1 1 billion on acquisitions This equates to N473 billion Only N4 73 billion go to women s businesses Let us therefore work together to ensure that the commitment of Nigerian stakeholders to ensure that 30 of all procurement is delivered to women entrepreneurs is a reality he said In addition UN Women Deputy Secretary Lansana Wonneh stressed the need for the government to strengthen women owned businesses to move the national economy create employment opportunities and close the gender gap For his part Mr Ayoola Olukanmi General Director of NACCIMA reiterated his commitment to the successful implementation of the Executive Order so that the sum of 30 percent of acquisitions for women s companies becomes a reality Source NAN
    NACCIMA Women advocates 30% public procurement for women entrepreneurs
    Business1 year ago

    NACCIMA Women advocates 30% public procurement for women entrepreneurs

    The Women Entrepreneurs Group (NAWORG) of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has urged the Federal Government to ensure that 30% of the total sum of acquisitions goes to women's businesses .

    Hajiya Aisha Abubakar, president of NAWORG, made the call at a press conference after a roundtable promoting the implementation of the presidential executive order on the consideration and allocation of quotas to women-owned companies in public procurement in Abuja.

    The promotion theme is "Improving the economic empowerment of women through inclusive public procurement processes."

    Abubakar said funneling a percentage of the procurement sum to women entrepreneurs would ensure their inclusion in public procurement processes and allow them to contribute to the nation's economy.

    According to her, despite Executive Order 003 from President Muhammadu Buhari; By instructing all ministries, departments and agencies (MDA) to give preference to local manufacturers in the procurement of goods and services, a small percentage goes to women-owned businesses.

    “The case for gender equality is based on both economic and human rights arguments. As such, closing gender gaps must be a central part of any strategy to create more sustainable and inclusive economies and societies.

    "Therefore, we specifically advocate for better market demand for products and services from women-owned businesses, according to Presidential Executive Order 3 published in 2017, titled Executive Order on Support for Local Content in Government Procurement."

    Abubakar said the case for gender equality is based on both economic and human rights arguments.

    “While gender parity in educational attainment is improving, women remain highly underrepresented in key growth-enhancing fields of education such as science, technology, engineering and mathematics.

    “Women are less likely to work for wages and do more unpaid housework than men. In this context, it is not surprising that the position of women in business leadership and entrepreneurship needs to be strengthened, ”she said.

    The President also called for greater access to support networks, including professional advice on legal and tax matters, in addition to the importance of improving market demand for products and services from women-owned businesses.

    Additionally, Ms Vera Ndanusa, President of the Nigerian Women Entrepreneurs Association, said that inclusiveness, transparency, competitiveness and professionalism in Nigerian public procurement would enhance the participation of women's businesses.

    Ndanusa, who is also the National Coordinator of the Association for the Advancement of Women in Economic Development (PAWED), said Executive Order 003 and 005 provide an opportunity for women's businesses to prosper.

    “In Nigeria, women's businesses account for only 1% of all acquisitions at the federal and state levels.

    ”This is due to the lack of access to information on opportunities, legal and regulatory challenges and other barriers that prevent women from accessing this critical sector of national growth.

    “While global acquisitions are estimated at $ 5.5 billion, Nigeria spends $ 1.1 billion on acquisitions. This equates to N473 billion. Only N4.73 billion go to women's businesses.

    "Let us therefore work together to ensure that the commitment of Nigerian stakeholders to ensure that 30% of all procurement is delivered to women entrepreneurs is a reality," he said.

    In addition, UN Women Deputy Secretary Lansana Wonneh stressed the need for the government to strengthen women-owned businesses to move the national economy, create employment opportunities and close the gender gap.

    For his part, Mr. Ayoola Olukanmi, General Director of NACCIMA, reiterated his commitment to the successful implementation of the Executive Order so that the sum of 30 percent of acquisitions for women's companies becomes a reality.

    Source: NAN

  •   By Chinenye Offor The Trade Commission CAC has restored its commitment to complement the federal government s efforts to lift 100 million citizens out of poverty as the country prepares to host the Nigeria Industrialization Summit 2021 This is contained in a statement signed by the head of the CAC media unit Mr Rasheed Mahe on Saturday in Abuja Mahe quoted CAC Registrar General CEO Alhaji Garba Abubakar as saying this when he received members of the local summit organizing committee headed by David Erewa the national vice president of the Nigerian Chambers Association of commerce industry mining and agriculture NACCIMA Abubakar who described the ACC as the gateway to any foreign or local investment said the commission was ready to provide services at the event to ease Nigeria s desperate desire for industrialization He used the forum to highlight the commission s reform initiatives aimed at making the CAC achieve the status of a world class business registry He also assured the support of the commission to the organizers in accordance with the provisions of the law Earlier the head of the delegation Mr David Eweta National Vice President of NACCIMA said the summit was being held in line with President Muhammadu Buhari s pledge to lift 100 million Nigerians out of poverty here 10 years He revealed that to help Nigeria achieve this goal the African Development Bank AfDB under the leadership of its President Dr Akinwunmi Adesina would provide a grant of US 520 million to support small businesses in some Selected states across the country He further revealed that in order to encourage participation participation will be free adding that the event scheduled for November 2021 is expected to attract participants and resource persons from all over the world Source NAN
    CAC to complement FG’s poverty alleviation programme
      By Chinenye Offor The Trade Commission CAC has restored its commitment to complement the federal government s efforts to lift 100 million citizens out of poverty as the country prepares to host the Nigeria Industrialization Summit 2021 This is contained in a statement signed by the head of the CAC media unit Mr Rasheed Mahe on Saturday in Abuja Mahe quoted CAC Registrar General CEO Alhaji Garba Abubakar as saying this when he received members of the local summit organizing committee headed by David Erewa the national vice president of the Nigerian Chambers Association of commerce industry mining and agriculture NACCIMA Abubakar who described the ACC as the gateway to any foreign or local investment said the commission was ready to provide services at the event to ease Nigeria s desperate desire for industrialization He used the forum to highlight the commission s reform initiatives aimed at making the CAC achieve the status of a world class business registry He also assured the support of the commission to the organizers in accordance with the provisions of the law Earlier the head of the delegation Mr David Eweta National Vice President of NACCIMA said the summit was being held in line with President Muhammadu Buhari s pledge to lift 100 million Nigerians out of poverty here 10 years He revealed that to help Nigeria achieve this goal the African Development Bank AfDB under the leadership of its President Dr Akinwunmi Adesina would provide a grant of US 520 million to support small businesses in some Selected states across the country He further revealed that in order to encourage participation participation will be free adding that the event scheduled for November 2021 is expected to attract participants and resource persons from all over the world Source NAN
    CAC to complement FG’s poverty alleviation programme
    General news1 year ago

    CAC to complement FG’s poverty alleviation programme

    By Chinenye Offor

    The Trade Commission (CAC) has restored its commitment to complement the federal government's efforts to lift 100 million citizens out of poverty, as the country prepares to host the Nigeria Industrialization Summit-2021.

    This is contained in a statement signed by the head of the CAC media unit, Mr. Rasheed Mahe, on Saturday in Abuja.

    Mahe quoted CAC Registrar General / CEO Alhaji Garba Abubakar as saying this when he received members of the local summit organizing committee headed by David Erewa, the national vice president of the Nigerian Chambers Association. of commerce, industry, mining and agriculture (NACCIMA).

    Abubakar, who described the ACC as the gateway to any foreign or local investment, said the commission was ready to provide services at the event to ease Nigeria's desperate desire for industrialization.

    He used the forum to highlight the commission's reform initiatives aimed at making the CAC achieve the status of a world-class business registry.

    He also assured the support of the commission to the organizers in accordance with the provisions of the law.

    Earlier, the head of the delegation, Mr. David Eweta, National Vice President of NACCIMA, said the summit was being held in line with President Muhammadu Buhari's pledge to lift 100 million Nigerians out of poverty here. 10 years.

    He revealed that, to help Nigeria achieve this goal, the African Development Bank (AfDB) under the leadership of its President, Dr Akinwunmi Adesina, would provide a grant of US $ 520 million to support small businesses in some Selected states across the country.

    He further revealed that in order to encourage participation, participation will be free, adding that the event scheduled for November 2021 is expected to attract participants and resource persons from all over the world.

    Source: NAN

  •   By Emmanuella Anokam Otunba Adeniyi Adebayo Minister of Industry Trade and Investment on Tuesday declared that Nigeria s economy was coming back strongly with foreign investors making a commitment to invest in the country Adebayo spoke at the Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA Diplomatic Luncheon in Abuja According to a statement by his media aide Ifedayo Sayo Adebayo said Nigeria was open for business and that the country s investment climate was continually improving The minister said although 2020 was challenging for all economies Nigeria was coming back strong He noted that in the first half of the year investment announcements were at 10 1 billion an increase of 100 per cent from 2020 Investors from Europe China Morocco and the UK are making strong commitments and this administration is working tirelessly to ensure that these commitments turn into projects that positively affect our nation the minister said He said the Federal Government recognised the importance of attracting and retaining patient investment into the economy adding that this accounted for the ministry s commitment to the strategic relationship that existed with the chamber I would like to reiterate my ministry s commitment to the strategic relationship that exists with the chamber and to continue working with the leadership towards our collective objectives This is even more germane with the implementation of the Africa Continental Free Trade Agreement AfCFTA AfCFTA will enhance Africa s capacity to unlock growth and create jobs by building our industrial capacity enlarging our productivity and making us more competitive globally NACCIMA is pivotal in ensuring Nigerian businesses remain competitive in this new environment he said The minister said improved ranking of Nigeria on ease of doing business by the World Bank was a result of the efforts government was making to create an enabling environment for foreign direct investment He listed some of the efforts as Executive Order 001 a directive that promotes transparency and efficiency in business environment and Revised Nigeria s Bilateral Investment Treaty BIT model to include specific provisions for investment facilitation and actualisation Adebayo noted that investors rights were now balanced with obligations to ensure that Nigeria attracted Responsible Inclusive Balanced and Sustainable RIBS investments He said an online investment guide called iGuide Nigeria was also launched to provide investors with real time information on the processes and basic costs of setting up and doing business in Nigeria The minister said government developed a compendium of the Investment Incentives in Nigeria and also launched the Book of States a document that showcases the comparative advantages and key investment opportunities in each of Nigeria s states He commended NACCIMA for putting the event together even as he encouraged it to remain committed to building a sustainable trade infrastructure within and across Africa for the benefit of the Nigerian business community Source NAN
    Nigeria’s economy getting stronger — Minister
      By Emmanuella Anokam Otunba Adeniyi Adebayo Minister of Industry Trade and Investment on Tuesday declared that Nigeria s economy was coming back strongly with foreign investors making a commitment to invest in the country Adebayo spoke at the Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA Diplomatic Luncheon in Abuja According to a statement by his media aide Ifedayo Sayo Adebayo said Nigeria was open for business and that the country s investment climate was continually improving The minister said although 2020 was challenging for all economies Nigeria was coming back strong He noted that in the first half of the year investment announcements were at 10 1 billion an increase of 100 per cent from 2020 Investors from Europe China Morocco and the UK are making strong commitments and this administration is working tirelessly to ensure that these commitments turn into projects that positively affect our nation the minister said He said the Federal Government recognised the importance of attracting and retaining patient investment into the economy adding that this accounted for the ministry s commitment to the strategic relationship that existed with the chamber I would like to reiterate my ministry s commitment to the strategic relationship that exists with the chamber and to continue working with the leadership towards our collective objectives This is even more germane with the implementation of the Africa Continental Free Trade Agreement AfCFTA AfCFTA will enhance Africa s capacity to unlock growth and create jobs by building our industrial capacity enlarging our productivity and making us more competitive globally NACCIMA is pivotal in ensuring Nigerian businesses remain competitive in this new environment he said The minister said improved ranking of Nigeria on ease of doing business by the World Bank was a result of the efforts government was making to create an enabling environment for foreign direct investment He listed some of the efforts as Executive Order 001 a directive that promotes transparency and efficiency in business environment and Revised Nigeria s Bilateral Investment Treaty BIT model to include specific provisions for investment facilitation and actualisation Adebayo noted that investors rights were now balanced with obligations to ensure that Nigeria attracted Responsible Inclusive Balanced and Sustainable RIBS investments He said an online investment guide called iGuide Nigeria was also launched to provide investors with real time information on the processes and basic costs of setting up and doing business in Nigeria The minister said government developed a compendium of the Investment Incentives in Nigeria and also launched the Book of States a document that showcases the comparative advantages and key investment opportunities in each of Nigeria s states He commended NACCIMA for putting the event together even as he encouraged it to remain committed to building a sustainable trade infrastructure within and across Africa for the benefit of the Nigerian business community Source NAN
    Nigeria’s economy getting stronger — Minister
    Economy1 year ago

    Nigeria’s economy getting stronger — Minister

    By Emmanuella Anokam

    Otunba Adeniyi Adebayo, Minister of Industry, Trade and Investment, on Tuesday declared that Nigeria’s economy was coming back strongly with foreign investors making a commitment to invest in the country.

    Adebayo spoke at the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) Diplomatic Luncheon in Abuja.

    According to a statement by his media aide, Ifedayo Sayo, Adebayo said Nigeria was open for business and that the country’s investment climate was continually improving.

    The minister said although 2020 was challenging for all economies, Nigeria was coming back strong.

    He noted that in the first half of the year investment announcements were at $10.1 billion, an increase of 100 per cent from 2020.

    “Investors from Europe, China, Morocco and the UK are making strong commitments and this administration is working tirelessly to ensure that these commitments turn into projects that positively affect our nation,” the minister said.

    He said the Federal Government recognised the importance of attracting and retaining patient investment into the economy, adding that this accounted for the ministry’s commitment to the strategic relationship that existed with the chamber.

    “I would like to reiterate my ministry’s commitment to the strategic relationship that exists with the chamber and to continue working with the leadership towards our collective objectives.

    “This is even more germane with the implementation of the Africa Continental Free Trade Agreement (AfCFTA).

    “AfCFTA will enhance Africa’s capacity to unlock growth and create jobs by building our industrial capacity, enlarging our productivity and making us more competitive globally.

    “NACCIMA is pivotal in ensuring Nigerian businesses remain competitive in this new environment,” he said.The minister said improved ranking of Nigeria on ease of doing business by the World Bank was a result of the efforts government was making to create an enabling environment for foreign direct investment.

    He listed some of the efforts as Executive Order 001, a directive that promotes transparency and efficiency in business environment and Revised Nigeria’s Bilateral Investment Treaty (BIT) model to include specific provisions for investment facilitation and actualisation.

    Adebayo noted that investors’ rights were now balanced with obligations to ensure that Nigeria attracted Responsible, Inclusive, Balanced and Sustainable (RIBS) investments.

    He said an online investment guide called “iGuide Nigeria” was also launched to provide investors with real-time information on the processes and basic costs of setting up and doing business in Nigeria.

    The minister said government developed a compendium of the Investment Incentives in Nigeria, and also launched the Book of States, a document that showcases the comparative advantages and key investment opportunities in each of Nigeria’s states.

    He commended NACCIMA for putting the event together even as he encouraged it to remain committed to building a sustainable trade infrastructure within and across Africa for the benefit of the Nigerian business community.

    Source: NAN

  •   By Rukayat Moisemhe Many with the trend of appointments especially in the private sector in Nigeria see women as shattering glass ceilings in their numbers For the past two years Ms Toki Mabogunje and Hajiya Saratu Iya Aliyu have served as Chairmen of the Lagos Chamber of Commerce and Industry LCCI and the Nigerian Association of Chambers of Commerce Mines and Industry respectively agriculture NACCIMA More recently women such as Dr Ije Jidenma Dame Adebola Williams Dr Chinyere Almona and Ms Bisi Adeyemi have stepped forward to fill delicious sensitive and economically important positions in their respective institutions Jidenma is the newly elected president of the Institute of Directors IoD Williams President Nigerian American Chamber of Commerce NACC Adeyemi President Nigerian British Chamber of Commerce NBCC while Almona is the new Executive Director of LCCI This rise of women many see it as a positive development and seek more especially in the political space with the will to achieve the assertion of 35 percent included in the Beijing action plan Beijing s popular declaration for the political empowerment of women in 1995 to the tune of 35 percent demands governments international organizations and civil society groups to take a series of measures to strengthen the political empowerment of women in Nigeria the National Gender Policy NGP recommends positive action of 35 percent and aims for a more inclusive representation of women in elective and nominative political positions in the public service Globally women constitute more than half of the world s population and are vital contributors to the development of society at large assuming key roles as mothers producers housewives community organizers as well as socio cultural activists and policies Despite the numbers however some experts claim that the participation of women in Nigeria as board members leaders of choice organizations and in the political space is still low This they say is thus in the context of the benchmark requirement of Beijing s assertion Mabogunje believes that although women have come to excel in all fields as scientists politicians business leaders professionals technocrats among others progress in Nigeria is slow especially in space Politics Politically women in the Ninth Assembly represent seven of the 109 members of the Senate and 13 of the 360 of the Federal House of Representatives She said that a greater place should be given to women with appointments to elective and nominative positions to ensure the implementation of the Beijing Declaration the sustainable development goal on gender equality and Nigeria s national gender policy and framework Mabogunje noted that Nigerian women have proven to be more than capable skilled and experienced to fill the available positions and demonstrate their expertise and resourcefulness should the opportunity arise She recalled the efforts of the Central Bank of Nigeria in 2012 which required that each bank operating in the country publish the gender positions of its workforce in its annual reports starting at the end of 2013 This said the president of the LCCI demonstrated that the recent rise of women at the head of financial institutions in Nigeria was not accidental Nine years ago policies were put in place in financial institutions that enabled competent experienced and well qualified women to access these positions So the institutions where you see women moving into leadership positions are institutions that are imbued with a culture of inclusion As a result these institutions experience better bottom lines market competitiveness and strategic corporate leadership Other business entities and organizations that are watching the successes of these institutions are slowly convinced to open up the leadership space for women she said Mabogunje tasked women to keep pace with today s knowledge based economy of intellectual capital change uncertainty and risk and globalization that rules the world Young women need to understand that it is very important for them to be competent and knowledgeable about the work they are doing Everyone faces challenges in career politics and business especially as you move up the corporate ladder It turns out that it s still a man s world as we continue to fight for gender equality women need to know that they will probably have to work twice as hard as their male counterparts for the same promotion she said Ms Chinonso Okechukwu focal person of the Nigerian Feminist Forum NFF said that the participation of women in Nigerian politics and their representation in decision making offices is important Okechukwu said however that politically women had taken a back seat despite efforts by non governmental organizations following the Beijing declaration She noted that Nigerian women were still marginalized due to the leadership style inherent in the country with huge underlying structural challenges The gender equality activist said the under representation of women in political participation took root due to the patriarchal practice inherent in society much of which was evident from the pre colonial era until this day She however said the reintroduction of democratic governance had seen an increase in women s political participation in both elective and nominative positions in Nigeria albeit with minimal representation Okechukwu advised political parties to create a support network for potential candidates by pairing them with established female politicians These politicians she said would act as mentors and build the capacities of young or aspiring women in order to develop them before the next election Despite the challenges women face women s activism and advocacy the education of women the positivity of successive governments towards the empowerment of women and the interest of women in participating in politics are receiving a lot of attention positive energy It is an indication that the participation of women in politics has a bright future she said Adeyemi the newly elected president of the NBCC believes women should do their best because they can do beyond breaking the proverbial limiting glass ceiling For me successful leadership in general whether you are a man or a woman involves empowering yourself and doing what you are given to do to the best of your ability not because you are a woman but because you are a person of excellence she said NANFeatures
    Features: Women breaking glass ceilings?
      By Rukayat Moisemhe Many with the trend of appointments especially in the private sector in Nigeria see women as shattering glass ceilings in their numbers For the past two years Ms Toki Mabogunje and Hajiya Saratu Iya Aliyu have served as Chairmen of the Lagos Chamber of Commerce and Industry LCCI and the Nigerian Association of Chambers of Commerce Mines and Industry respectively agriculture NACCIMA More recently women such as Dr Ije Jidenma Dame Adebola Williams Dr Chinyere Almona and Ms Bisi Adeyemi have stepped forward to fill delicious sensitive and economically important positions in their respective institutions Jidenma is the newly elected president of the Institute of Directors IoD Williams President Nigerian American Chamber of Commerce NACC Adeyemi President Nigerian British Chamber of Commerce NBCC while Almona is the new Executive Director of LCCI This rise of women many see it as a positive development and seek more especially in the political space with the will to achieve the assertion of 35 percent included in the Beijing action plan Beijing s popular declaration for the political empowerment of women in 1995 to the tune of 35 percent demands governments international organizations and civil society groups to take a series of measures to strengthen the political empowerment of women in Nigeria the National Gender Policy NGP recommends positive action of 35 percent and aims for a more inclusive representation of women in elective and nominative political positions in the public service Globally women constitute more than half of the world s population and are vital contributors to the development of society at large assuming key roles as mothers producers housewives community organizers as well as socio cultural activists and policies Despite the numbers however some experts claim that the participation of women in Nigeria as board members leaders of choice organizations and in the political space is still low This they say is thus in the context of the benchmark requirement of Beijing s assertion Mabogunje believes that although women have come to excel in all fields as scientists politicians business leaders professionals technocrats among others progress in Nigeria is slow especially in space Politics Politically women in the Ninth Assembly represent seven of the 109 members of the Senate and 13 of the 360 of the Federal House of Representatives She said that a greater place should be given to women with appointments to elective and nominative positions to ensure the implementation of the Beijing Declaration the sustainable development goal on gender equality and Nigeria s national gender policy and framework Mabogunje noted that Nigerian women have proven to be more than capable skilled and experienced to fill the available positions and demonstrate their expertise and resourcefulness should the opportunity arise She recalled the efforts of the Central Bank of Nigeria in 2012 which required that each bank operating in the country publish the gender positions of its workforce in its annual reports starting at the end of 2013 This said the president of the LCCI demonstrated that the recent rise of women at the head of financial institutions in Nigeria was not accidental Nine years ago policies were put in place in financial institutions that enabled competent experienced and well qualified women to access these positions So the institutions where you see women moving into leadership positions are institutions that are imbued with a culture of inclusion As a result these institutions experience better bottom lines market competitiveness and strategic corporate leadership Other business entities and organizations that are watching the successes of these institutions are slowly convinced to open up the leadership space for women she said Mabogunje tasked women to keep pace with today s knowledge based economy of intellectual capital change uncertainty and risk and globalization that rules the world Young women need to understand that it is very important for them to be competent and knowledgeable about the work they are doing Everyone faces challenges in career politics and business especially as you move up the corporate ladder It turns out that it s still a man s world as we continue to fight for gender equality women need to know that they will probably have to work twice as hard as their male counterparts for the same promotion she said Ms Chinonso Okechukwu focal person of the Nigerian Feminist Forum NFF said that the participation of women in Nigerian politics and their representation in decision making offices is important Okechukwu said however that politically women had taken a back seat despite efforts by non governmental organizations following the Beijing declaration She noted that Nigerian women were still marginalized due to the leadership style inherent in the country with huge underlying structural challenges The gender equality activist said the under representation of women in political participation took root due to the patriarchal practice inherent in society much of which was evident from the pre colonial era until this day She however said the reintroduction of democratic governance had seen an increase in women s political participation in both elective and nominative positions in Nigeria albeit with minimal representation Okechukwu advised political parties to create a support network for potential candidates by pairing them with established female politicians These politicians she said would act as mentors and build the capacities of young or aspiring women in order to develop them before the next election Despite the challenges women face women s activism and advocacy the education of women the positivity of successive governments towards the empowerment of women and the interest of women in participating in politics are receiving a lot of attention positive energy It is an indication that the participation of women in politics has a bright future she said Adeyemi the newly elected president of the NBCC believes women should do their best because they can do beyond breaking the proverbial limiting glass ceiling For me successful leadership in general whether you are a man or a woman involves empowering yourself and doing what you are given to do to the best of your ability not because you are a woman but because you are a person of excellence she said NANFeatures
    Features: Women breaking glass ceilings?
    General news1 year ago

    Features: Women breaking glass ceilings?

    By Rukayat Moisemhe

    Many, with the trend of appointments, especially in the private sector in Nigeria, see women as shattering glass ceilings in their numbers.

    For the past two years, Ms. Toki Mabogunje and Hajiya Saratu Iya Aliyu have served as Chairmen of the Lagos Chamber of Commerce and Industry (LCCI) and the Nigerian Association of Chambers of Commerce, Mines and Industry, respectively. agriculture (NACCIMA).

    More recently, women such as Dr Ije Jidenma, Dame Adebola Williams, Dr Chinyere Almona and Ms Bisi Adeyemi have stepped forward to fill delicious, sensitive and economically important positions in their respective institutions.

    Jidenma is the newly elected president of the Institute of Directors (IoD); Williams, President, Nigerian American Chamber of Commerce (NACC); Adeyemi, President, Nigerian-British Chamber of Commerce (NBCC); while Almona is the new Executive Director of LCCI.

    This rise of women, many see it as a positive development, and seek more, especially in the political space. with the will to achieve the assertion of 35 percent included in the Beijing action plan.

    Beijing's popular declaration for the political empowerment of women in 1995 to the tune of 35 percent demands governments, international organizations and civil society groups to take a series of measures to strengthen the political empowerment of women .

    in Nigeria, the National Gender Policy (NGP) recommends positive action of 35 percent and aims for a more inclusive representation of women in elective and nominative political positions in the public service.

    Globally, women constitute more than half of the world's population and are vital contributors to the development of society at large, assuming key roles as mothers, producers, housewives, community organizers, as well as socio-cultural activists. and policies.

    Despite the numbers, however, some experts claim that the participation of women in Nigeria as board members, leaders of choice organizations and in the political space is still low.

    This, they say, is thus in the context of the benchmark requirement of Beijing's assertion.

    Mabogunje believes that although women have come to excel in all fields, as scientists, politicians, business leaders, professionals, technocrats, among others, progress in Nigeria is slow, especially in space. Politics.

    Politically, women in the Ninth Assembly represent seven of the 109 members of the Senate and 13 of the 360 ​​of the Federal House of Representatives.

    She said that a greater place should be given to women, with appointments to elective and nominative positions, to ensure the implementation of the Beijing Declaration, the sustainable development goal on gender equality. and Nigeria's national gender policy and framework.

    Mabogunje noted that Nigerian women have proven to be more than capable, skilled and experienced to fill the available positions, and demonstrate their expertise and resourcefulness should the opportunity arise.

    She recalled the efforts of the Central Bank of Nigeria in 2012 which required that each bank operating in the country publish the gender positions of its workforce in its annual reports starting at the end of 2013.

    This, said the president of the LCCI, demonstrated that the recent rise of women at the head of financial institutions in Nigeria was not accidental.

    “Nine years ago, policies were put in place in financial institutions that enabled competent, experienced and well-qualified women to access these positions.

    “So the institutions where you see women moving into leadership positions are institutions that are imbued with a culture of inclusion.

    “As a result, these institutions experience better bottom lines, market competitiveness and strategic corporate leadership.

    “Other business entities and organizations that are watching the successes of these institutions are slowly convinced to open up the leadership space for women,” she said.

    Mabogunje tasked women to keep pace with today's knowledge-based economy of intellectual capital, change (uncertainty and risk) and globalization that rules the world.

    “Young women need to understand that it is very important for them to be competent and knowledgeable about the work they are doing.

    “Everyone faces challenges in career, politics and business, especially as you move up the corporate ladder.

    “It turns out that it's still a man's world; as we continue to fight for gender equality, women need to know that they will probably have to work twice as hard as their male counterparts for the same promotion, ”she said.

    Ms. Chinonso Okechukwu, focal person of the Nigerian Feminist Forum (NFF), said that the participation of women in Nigerian politics and their representation in decision-making offices is important.

    Okechukwu said, however, that politically, women had taken a back seat, despite efforts by non-governmental organizations following the Beijing declaration.

    She noted that Nigerian women were still marginalized due to the leadership style inherent in the country, with huge underlying structural challenges.

    The gender equality activist said the under-representation of women in political participation took root due to the patriarchal practice inherent in society, much of which was evident from the pre-colonial era until this day.

    She, however, said the reintroduction of democratic governance had seen an increase in women's political participation in both elective and nominative positions in Nigeria, albeit with minimal representation.

    Okechukwu advised political parties to create a support network for potential candidates by pairing them with established female politicians.

    These politicians, she said, would act as mentors and build the capacities of young or aspiring women, in order to develop them before the next election.

    “Despite the challenges women face, women's activism and advocacy, the education of women, the positivity of successive governments towards the empowerment of women and the interest of women in participating in politics are receiving a lot of attention. positive energy.

    "It is an indication that the participation of women in politics has a bright future," she said.

    Adeyemi, the newly-elected president of the NBCC, believes women should do their best because they can do beyond breaking the proverbial limiting glass ceiling.

    “For me, successful leadership in general, whether you are a man or a woman, involves empowering yourself and doing what you are given to do to the best of your ability, not because you are a woman, but because you are a person of excellence, ”she said. (NANFeatures)

  •   The Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA has conferred its Excellence Award for Outstanding Public Service and Exceptional Contributions to the Banking Industry on the President of the African Development Bank Group www AfDB org Dr Akinwumi A Adesina In her congratulatory letter to Dr Adesina NACCIMA National President Hajiya Saratu Iya Aliyu said In view of the 60th anniversary of NACCIMA s founding which coincided with the 60th year of Nigeria s independence these awards are being given out on this fitting occasion to highlight the irrefutable achievements of great men and women like you to encourage others to emulate you and adopt excellence as the benchmark for national development The award was conferred on the African Development Bank President alongside others conferred on United Nations Deputy Secretary General Amina Mohammed and World Trade Organization Director General Ngozi Okonjo Iweala at a ceremony in Abuja on Tuesday Ministers senior government officials diplomatic community representatives and captains of industry including NACCIMA members attended the ceremony Receiving the award on behalf of the Bank President the Acting Senior Director Nigeria Country Department Mr Lamin Barrow said On behalf of President Adesina I want to thank NACCIMA for conferring this award and recognition which provides a great source inspiration for him to continue to give his best for the transformation of Nigeria and the African continent through private sector led economies Established in 1960 NACCIMA is the umbrella body for various affiliate member chambers of commerce in Nigeria Its objective is to provide a common platform for joint action on all matters of concern to the association
    NACCIMA Honours African Development Bank President with Excellence Award for Outstanding Public Service and Exceptional Contributions to the Banking Industry
      The Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA has conferred its Excellence Award for Outstanding Public Service and Exceptional Contributions to the Banking Industry on the President of the African Development Bank Group www AfDB org Dr Akinwumi A Adesina In her congratulatory letter to Dr Adesina NACCIMA National President Hajiya Saratu Iya Aliyu said In view of the 60th anniversary of NACCIMA s founding which coincided with the 60th year of Nigeria s independence these awards are being given out on this fitting occasion to highlight the irrefutable achievements of great men and women like you to encourage others to emulate you and adopt excellence as the benchmark for national development The award was conferred on the African Development Bank President alongside others conferred on United Nations Deputy Secretary General Amina Mohammed and World Trade Organization Director General Ngozi Okonjo Iweala at a ceremony in Abuja on Tuesday Ministers senior government officials diplomatic community representatives and captains of industry including NACCIMA members attended the ceremony Receiving the award on behalf of the Bank President the Acting Senior Director Nigeria Country Department Mr Lamin Barrow said On behalf of President Adesina I want to thank NACCIMA for conferring this award and recognition which provides a great source inspiration for him to continue to give his best for the transformation of Nigeria and the African continent through private sector led economies Established in 1960 NACCIMA is the umbrella body for various affiliate member chambers of commerce in Nigeria Its objective is to provide a common platform for joint action on all matters of concern to the association
    NACCIMA Honours African Development Bank President with Excellence Award for Outstanding Public Service and Exceptional Contributions to the Banking Industry
    Africa2 years ago

    NACCIMA Honours African Development Bank President with Excellence Award for Outstanding Public Service and Exceptional Contributions to the Banking Industry

    The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has conferred its Excellence Award for Outstanding Public Service and Exceptional Contributions to the Banking Industry on the President of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi A. Adesina.

    In her congratulatory letter to Dr. Adesina, NACCIMA National President Hajiya Saratu Iya Aliyu said: “In view of the 60th anniversary of NACCIMA’s founding, which coincided with the 60th year of Nigeria’s independence, these awards are being given out on this fitting occasion to highlight the irrefutable achievements of great men and women like you, to encourage others to emulate you and adopt excellence as the benchmark for national development.”

    The award was conferred on the African Development Bank President alongside others conferred on United Nations Deputy Secretary General Amina Mohammed and World Trade Organization Director General Ngozi Okonjo-Iweala, at a ceremony in Abuja on Tuesday. Ministers, senior government officials, diplomatic community representatives and captains of industry, including NACCIMA members, attended the ceremony.

    Receiving the award on behalf of the Bank President, the Acting Senior Director, Nigeria Country Department, Mr. Lamin Barrow said: “On behalf of President Adesina, I want to thank NACCIMA for conferring this award and recognition, which provides a great source inspiration for him to continue to give his best for the transformation of Nigeria and the African continent through private sector led economies.”

    Established in 1960, NACCIMA is the umbrella body for various affiliate member chambers of commerce in Nigeria. Its objective is to provide a common platform for joint action on all matters of concern to the association.  

  •   The Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA wants government to accelerate effective implementation of all stimulus packages and interventions funds to support the production processes of the real sector Amb Ayoola Olukanni Director General NACCIMA gave the advice in a statement on Monday in Lagos in reaction to the October 2020 inflation rate of 14 23 per cent The News Agency of Nigeria reports that National Bureau of Statistics NBS presented an inflation rate of 14 23 per cent indicating a 14 month continuous increase in price levels Olukanni said the inflation was consistent with the chamber s expectations due to some economic factors He listed the factors to include the closure of land borders the COVID 19 pandemic the EndSARS protests and civil unrest According to him all these have contributed to the negative impact on production and consumption in the Nigerian economy The NACCIMA DG said it had therefore become intuitive that attaining food security at this time would go a long way to stabilising general prices The NBS Consumer Price Index Report of October 2020 also shows that the rising inflation is primarily driven by the high cost of food items Inflation rate food items year on year change stands at 17 38 per cent rising consistently for the past 14 months If left unabated the erosion of the purchasing power of the average Nigerian in an environment characterized by high unemployment rates and declining national output may plunge the country into an economic depression We once again counsel government at all levels to accelerate the effective implementation of all stimulus packages and intervention funds while also promoting the spending power of the average Nigerian he said Edited By Oluwole Sogunle Source NAN
    Inflation: NACCIMA counsels govt on speedy implementation of stimulus packages
      The Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA wants government to accelerate effective implementation of all stimulus packages and interventions funds to support the production processes of the real sector Amb Ayoola Olukanni Director General NACCIMA gave the advice in a statement on Monday in Lagos in reaction to the October 2020 inflation rate of 14 23 per cent The News Agency of Nigeria reports that National Bureau of Statistics NBS presented an inflation rate of 14 23 per cent indicating a 14 month continuous increase in price levels Olukanni said the inflation was consistent with the chamber s expectations due to some economic factors He listed the factors to include the closure of land borders the COVID 19 pandemic the EndSARS protests and civil unrest According to him all these have contributed to the negative impact on production and consumption in the Nigerian economy The NACCIMA DG said it had therefore become intuitive that attaining food security at this time would go a long way to stabilising general prices The NBS Consumer Price Index Report of October 2020 also shows that the rising inflation is primarily driven by the high cost of food items Inflation rate food items year on year change stands at 17 38 per cent rising consistently for the past 14 months If left unabated the erosion of the purchasing power of the average Nigerian in an environment characterized by high unemployment rates and declining national output may plunge the country into an economic depression We once again counsel government at all levels to accelerate the effective implementation of all stimulus packages and intervention funds while also promoting the spending power of the average Nigerian he said Edited By Oluwole Sogunle Source NAN
    Inflation: NACCIMA counsels govt on speedy implementation of stimulus packages
    Economy2 years ago

    Inflation: NACCIMA counsels govt on speedy implementation of stimulus packages

    The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) wants government to accelerate effective implementation of all stimulus packages and interventions funds  to support the production processes of the real sector.

    Amb. Ayoola Olukanni, Director-General, NACCIMA, gave the advice in a statement on Monday in Lagos, in reaction to the October 2020 inflation rate of 14.23 per cent.

    The News Agency of Nigeria reports that National Bureau of Statistics (NBS) presented an inflation rate of 14.23 per cent, indicating a 14-month continuous increase in price levels.

    Olukanni said the inflation was consistent with the chamber’s expectations due to some economic factors.

    He listed the factors to include the closure of land borders, the COVID-19 pandemic, the EndSARS protests and civil unrest.

    According to him, all these have contributed to the negative impact on production and consumption in the Nigerian economy.

    The NACCIMA DG said it had therefore become intuitive that attaining food security at this time would go a long way to stabilising general prices.

    “The NBS Consumer Price Index Report of October 2020 also shows that the rising inflation is primarily driven by the high cost of food items.

    “Inflation rate (food items, year-on-year change) stands at 17.38 per cent, rising consistently for the past 14 months.

    “If left unabated, the erosion of the purchasing power of the average Nigerian in an environment characterized by high unemployment rates and declining national output may plunge the country into an economic depression.

    “We, once again, counsel government at all levels to accelerate the effective implementation of all stimulus packages and intervention funds, while also promoting the spending power of the average Nigerian,” he said.


    Edited By: Oluwole Sogunle
    Source: NAN

  •  Organized Private Sector in Nigeria OPSN on Wednesday called for an improved women s economic empowerment to help stimulate productivity foster economic diversification and engender income equality Mrs Toki Mabogunje President LCCI made the call at the Nigerian Association of Chamber of Commerce Industry Mines and Agriculture NACCIMA Business Women Group NAWORG webinar The News Agency of Nigeria reports that the webinar had its theme as COVID 19 Impact Assessment on SMEs Perspective and Strategic Options for support on Wednesday According to Mabogunje recent finding by the Organization for Economic Development Cooperation OECD affirmed that increasing female employment rates could potentially elevate economic output by 6 trillion in OECD nations She said that the participation of women in the Nigerian labour market had recorded a marginal improvement over the past decade Mabogunje however noted that the global economic landscape was challenged due to the coronavirus pandemic and associated containment measures She said that women entrepreneurs were reported to have suffered the impact of the pandemic emotionally mentally and financially The LCCI President stated that these negative health outcomes were in some ways related to their unpaid and invisible burden of the disproportionate emotional labour Mabogunje recommended that provision should be made for bailout stimulus packages and reliefs that reflect an understanding of women s special circumstances in both the formal and informal economy She urged business organisations to be more gender responsive in their approach to remote working This she said should be done to promote balance of work expectations and the new and exacerbated family obligations created by the effects of the pandemic This includes provisioning for adequate infrastructure that will facilitate the fulfilling of work and family obligations while at the same time reducing the added physical and mental stress associated with the pandemic As we all know women play a critical role in the economy and of course in the business community particularly in micro small medium enterprises MSMEs sector According to official statistics from the National Bureau of Statistics 59 6 million jobs were created by MSMEs as of December 2017 Women created 26 million jobs or 43 per cent of total jobs created within this period These numbers underscore the strategic importance of women in job creation which is an important national socio economic objective of government she said The LCCI President also said the current economic constraints due to the pandemic underscored the need for small and medium sized business owners to strategically position themselves for continuity and brace up for the challenges ahead As we speak a sizeable number of SMEs are already in dire financial straits as revenue shocks escalating costs exchange rate depreciation supply chain constraints and disruption to operating models pose a significant threat on the bottom line It is particularly important to stress that amid these challenges and uncertainties in the global and domestic economies lie unexploited opportunities she said She urged Nigerian businesses to identify utilize and leverage the vast opportunities which require business owners to be visionary farsighted and futuristic in their approach for sustainability As strategic options for SMEs Mabogunje highlighted the new opportunities in digital economy and import substitution She advised SMEs to leverage technology adopt flexible management review supply chain manage cash flow prioritise competencies capitalise on existing customers and pursue information for survival during and post COVID 19 Adopting these strategies will make your business more resilient amid challenges in the macroeconomic and business environment she said On the stimulus intervention measures as contained in the Economic Sustainability Plan ESP Mabogunje expressed concerns as to whether the plan would have the desired impact on SMEs and the business community due to the nation s economic size We must acknowledge and take advantage of the various intervention efforts by the fiscal and monetary authorities in fostering business continuity and sustainability among SMEs Noteworthy is the Nigerian Economic Sustainability Plan NESP aimed at stimulating the economy by preventing business collapse and ensuring liquidity While it is understandable that N2 3 trillion is what the Federal Government is offering due to limited financial resources however there are concerns as to whether the plan will have the desired impact on SMEs and the business community in general when comparing the size of the stimulus to the country s economic size Mabogunje said She recommended deliberate policy measures aimed at supporting SMEs in the informal sector This she noted was particularly important considering the strategic contributions of the informal economy to economic activities and employment in Nigeria In her remarks Hajiya Saratu Iya Aliyu National President NACCIMA advocated an increase in the provision of the stimulus package to adequately address the distress of the SMEs amid the ongoing pandemic According to her it would also ensure the sustainability of women owned small scale businesses Many SMEs have experienced several challenges during this COVID 19 period and the stimulus package is too little and too slow in coming Women owned businesses have been more affected by the pandemic than any other group and this must be addressed she said ARM Edited By Edith Bolokor Oluwole Sogunle NAN
    COVID-19: OPSN advocates improved women empowerment
     Organized Private Sector in Nigeria OPSN on Wednesday called for an improved women s economic empowerment to help stimulate productivity foster economic diversification and engender income equality Mrs Toki Mabogunje President LCCI made the call at the Nigerian Association of Chamber of Commerce Industry Mines and Agriculture NACCIMA Business Women Group NAWORG webinar The News Agency of Nigeria reports that the webinar had its theme as COVID 19 Impact Assessment on SMEs Perspective and Strategic Options for support on Wednesday According to Mabogunje recent finding by the Organization for Economic Development Cooperation OECD affirmed that increasing female employment rates could potentially elevate economic output by 6 trillion in OECD nations She said that the participation of women in the Nigerian labour market had recorded a marginal improvement over the past decade Mabogunje however noted that the global economic landscape was challenged due to the coronavirus pandemic and associated containment measures She said that women entrepreneurs were reported to have suffered the impact of the pandemic emotionally mentally and financially The LCCI President stated that these negative health outcomes were in some ways related to their unpaid and invisible burden of the disproportionate emotional labour Mabogunje recommended that provision should be made for bailout stimulus packages and reliefs that reflect an understanding of women s special circumstances in both the formal and informal economy She urged business organisations to be more gender responsive in their approach to remote working This she said should be done to promote balance of work expectations and the new and exacerbated family obligations created by the effects of the pandemic This includes provisioning for adequate infrastructure that will facilitate the fulfilling of work and family obligations while at the same time reducing the added physical and mental stress associated with the pandemic As we all know women play a critical role in the economy and of course in the business community particularly in micro small medium enterprises MSMEs sector According to official statistics from the National Bureau of Statistics 59 6 million jobs were created by MSMEs as of December 2017 Women created 26 million jobs or 43 per cent of total jobs created within this period These numbers underscore the strategic importance of women in job creation which is an important national socio economic objective of government she said The LCCI President also said the current economic constraints due to the pandemic underscored the need for small and medium sized business owners to strategically position themselves for continuity and brace up for the challenges ahead As we speak a sizeable number of SMEs are already in dire financial straits as revenue shocks escalating costs exchange rate depreciation supply chain constraints and disruption to operating models pose a significant threat on the bottom line It is particularly important to stress that amid these challenges and uncertainties in the global and domestic economies lie unexploited opportunities she said She urged Nigerian businesses to identify utilize and leverage the vast opportunities which require business owners to be visionary farsighted and futuristic in their approach for sustainability As strategic options for SMEs Mabogunje highlighted the new opportunities in digital economy and import substitution She advised SMEs to leverage technology adopt flexible management review supply chain manage cash flow prioritise competencies capitalise on existing customers and pursue information for survival during and post COVID 19 Adopting these strategies will make your business more resilient amid challenges in the macroeconomic and business environment she said On the stimulus intervention measures as contained in the Economic Sustainability Plan ESP Mabogunje expressed concerns as to whether the plan would have the desired impact on SMEs and the business community due to the nation s economic size We must acknowledge and take advantage of the various intervention efforts by the fiscal and monetary authorities in fostering business continuity and sustainability among SMEs Noteworthy is the Nigerian Economic Sustainability Plan NESP aimed at stimulating the economy by preventing business collapse and ensuring liquidity While it is understandable that N2 3 trillion is what the Federal Government is offering due to limited financial resources however there are concerns as to whether the plan will have the desired impact on SMEs and the business community in general when comparing the size of the stimulus to the country s economic size Mabogunje said She recommended deliberate policy measures aimed at supporting SMEs in the informal sector This she noted was particularly important considering the strategic contributions of the informal economy to economic activities and employment in Nigeria In her remarks Hajiya Saratu Iya Aliyu National President NACCIMA advocated an increase in the provision of the stimulus package to adequately address the distress of the SMEs amid the ongoing pandemic According to her it would also ensure the sustainability of women owned small scale businesses Many SMEs have experienced several challenges during this COVID 19 period and the stimulus package is too little and too slow in coming Women owned businesses have been more affected by the pandemic than any other group and this must be addressed she said ARM Edited By Edith Bolokor Oluwole Sogunle NAN
    COVID-19: OPSN advocates improved women empowerment
    COVID-192 years ago

    COVID-19: OPSN advocates improved women empowerment

    Organized Private Sector in Nigeria (OPSN) on Wednesday called for an improved women’s economic empowerment to help stimulate productivity, foster economic diversification and engender income equality.

    Mrs Toki Mabogunje, President  LCCI made the call at the Nigerian Association of Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA) Business Women Group (NAWORG) webinar.

    The News Agency  of Nigeria reports that the webinar had its theme as: “COVID-19 Impact Assessment on SMEs: Perspective and Strategic Options for support on Wednesday.

    According to Mabogunje, recent finding by the Organization for Economic & Development Cooperation (OECD), affirmed that increasing female employment rates could potentially elevate economic output by $6 trillion in OECD nations.

    She said that the participation of women in the Nigerian labour market had recorded a marginal improvement over the past decade.

    Mabogunje, however, noted that the global economic landscape was challenged due to the coronavirus pandemic and associated containment measures.

    She said that women entrepreneurs were reported to have suffered the impact of the pandemic emotionally, mentally and financially.

    The LCCI President stated that these negative health outcomes were in some ways related to their “unpaid and invisible burden of the disproportionate emotional labour.”

    Mabogunje recommended that provision should be made for bailout, stimulus packages and reliefs that reflect an understanding of women’s special circumstances in both the formal and informal economy.

    She urged business organisations to be more gender responsive in their approach to remote working.

    This, she said, should be done to promote balance of work expectations and the new and exacerbated family obligations created by the effects of the pandemic.

    “This includes provisioning for adequate infrastructure that will facilitate the fulfilling of work and family obligations, while at the same time reducing the added physical and mental stress associated with the pandemic.

    “As we all know, women play a critical role in the economy, and of course in the business community, particularly in micro, small & medium enterprises (MSMEs) sector.

    “According to official statistics from the National Bureau of Statistics, 59.6 million jobs were created by MSMEs as of December 2017.

    “Women created 26 million jobs or 43 per cent of total jobs created within this period.

    “These numbers underscore the strategic importance of women in job creation, which is an important national socio-economic objective of government,” she said.

    The LCCI President also said the current economic constraints due to the pandemic underscored the need for small and medium-sized business owners to strategically position themselves for continuity and brace up for the challenges ahead.

    “As we speak, a sizeable number of SMEs are already in dire financial straits as revenue shocks, escalating costs, exchange rate depreciation, supply chain constraints and disruption to operating models pose a significant threat on the bottom-line.

    “It is particularly important to stress that amid these challenges and uncertainties in the global and domestic economies lie unexploited opportunities,” she said.

    She urged Nigerian businesses to identify, utilize and leverage the vast opportunities which require business owners to be visionary, farsighted and futuristic in their approach for sustainability.

    As strategic options for SMEs, Mabogunje highlighted the new opportunities in digital economy and import substitution.

    She advised SMEs to leverage technology, adopt flexible management, review supply chain, manage cash flow, prioritise competencies, capitalise on existing customers, and pursue information for survival during and post COVID-19.

     “Adopting these strategies will make your business more resilient amid challenges in the macroeconomic and business environment,” she said.

    On the stimulus intervention measures as contained in the Economic Sustainability Plan (ESP), Mabogunje expressed concerns as to whether the plan would have the desired impact on SMEs and the business community due to the nation’s economic size.

    “We must acknowledge and take advantage of the various intervention efforts by the fiscal and monetary authorities in fostering business continuity and sustainability among SMEs.

    “Noteworthy is the Nigerian Economic Sustainability Plan (NESP) aimed at stimulating the economy by preventing business collapse and ensuring liquidity.

    “While it is understandable that N2.3 trillion is what the Federal Government is offering due to limited financial resources, however, there are concerns as to whether the plan will have the desired impact on SMEs and the business community in general, when comparing the size of the stimulus to the country’s economic size,” Mabogunje said.

    She recommended deliberate policy measures aimed at supporting SMEs in the informal sector.

    This, she noted, was particularly important considering the strategic contributions of the informal economy to economic activities and employment in Nigeria.

    In her remarks, Hajiya Saratu Iya Aliyu, National President, NACCIMA advocated an increase in the provision of the stimulus package to adequately address the distress of the SMEs amid the ongoing pandemic.

    According to her, it would also ensure the sustainability of women-owned small scale businesses. 

     

    “Many SMEs have experienced several challenges during this COVID-19 period and the stimulus package is too little and too slow in coming.

     

    “Women-owned businesses have been more affected by the pandemic than any other group and this must be addressed,” she said.

     

    ARM /


    Edited By: Edith Bolokor/Oluwole Sogunle (NAN)

  •  The Nigerian Shippers Council NSC on Wednesday described as unreasonable and unacceptable the indiscriminate high surcharges by multinational shipping firms on Nigerian bound cargoes The Executive Secretary of NSC Mr Hassan Bello said this during a meeting with stakeholders to discuss current increase in peak season surcharges on Nigerian trade route Those who attended the meeting included the Manufacturers Association of Nigeria MAN Lagos Chamber of Commerce and Industry LCCI Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA and the Nigerian shipping community The News Agency of Nigeria reports that the 2020 peak period charges of between 1000 and 1 500 per twenty foot equivalent unit TEU by shipping firms is over 400 per cent increment from the previous 200 freight charge per TEU during peak period The six companies allegedly involved in this act are Cosco Maersk MSC CMA CGM Hapag Lloyd and Evergreen shipping The charge is scary If a Nigeria bound container is charged as much as 1000 then the national economy is in trouble Bello said He expressed worry that the surcharge was introduced at a wrong time adding that it would lead to spiral inflation rate on the economy as cargoes would be abandoned at the ports He noted that except the situation was urgently addressed it might lead to job losses while many companies might go under The charges are astronomic unjustified not notified and discriminatory This is against fair trade facilitation rules we have written to the erring firms and waiting for responses We have also written to the Ministry of Transportation to escalate it to Ministry of Trade and Ministry of Foreign Affairs and the Federal Government to protest the charges We have been having surcharge in the range of 200 to 400 but 400 per cent increase and there is no time limit any economy cannot cope with it as it can cripple the economy Bello said Director General Lagos Chamber for Commerce and Industry LCCI Muda Yusuf said the industries would resist the charges because the timing was most unsuspicious for business owners generally Olufemi Immanuel from MAN said the surcharge was unacceptable because it was coming at a time when manufacturers were working with less staff less raw material and lower profits Mrs Margaret Orakwusi Representative of NACCIMA said the surcharge would affect commerce critically as members borrowed huge money to import items On arbitrary charges by terminal operators Mrs Celine Ifeora NSC Deputy Director Regulatory Services said the council would ensure that regulated service providers complied with the nation s rules and regulations She added that the NSC would not tolerate failure of terminal operators to refund illegal money collected from shippers as they were previously directed We have come to enforce shippers council s regulatory authority on the Tin Can Island Container Terminal TICT and to mandate them to comply with the rules The message we are sending out is that we want to make the port work and so cutting corners will not help anybody she said Edited By Kevin Okunzuwa Wale Ojetimi NAN
    Shippers Council, others decry indiscriminate charges by shipping companies
     The Nigerian Shippers Council NSC on Wednesday described as unreasonable and unacceptable the indiscriminate high surcharges by multinational shipping firms on Nigerian bound cargoes The Executive Secretary of NSC Mr Hassan Bello said this during a meeting with stakeholders to discuss current increase in peak season surcharges on Nigerian trade route Those who attended the meeting included the Manufacturers Association of Nigeria MAN Lagos Chamber of Commerce and Industry LCCI Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA and the Nigerian shipping community The News Agency of Nigeria reports that the 2020 peak period charges of between 1000 and 1 500 per twenty foot equivalent unit TEU by shipping firms is over 400 per cent increment from the previous 200 freight charge per TEU during peak period The six companies allegedly involved in this act are Cosco Maersk MSC CMA CGM Hapag Lloyd and Evergreen shipping The charge is scary If a Nigeria bound container is charged as much as 1000 then the national economy is in trouble Bello said He expressed worry that the surcharge was introduced at a wrong time adding that it would lead to spiral inflation rate on the economy as cargoes would be abandoned at the ports He noted that except the situation was urgently addressed it might lead to job losses while many companies might go under The charges are astronomic unjustified not notified and discriminatory This is against fair trade facilitation rules we have written to the erring firms and waiting for responses We have also written to the Ministry of Transportation to escalate it to Ministry of Trade and Ministry of Foreign Affairs and the Federal Government to protest the charges We have been having surcharge in the range of 200 to 400 but 400 per cent increase and there is no time limit any economy cannot cope with it as it can cripple the economy Bello said Director General Lagos Chamber for Commerce and Industry LCCI Muda Yusuf said the industries would resist the charges because the timing was most unsuspicious for business owners generally Olufemi Immanuel from MAN said the surcharge was unacceptable because it was coming at a time when manufacturers were working with less staff less raw material and lower profits Mrs Margaret Orakwusi Representative of NACCIMA said the surcharge would affect commerce critically as members borrowed huge money to import items On arbitrary charges by terminal operators Mrs Celine Ifeora NSC Deputy Director Regulatory Services said the council would ensure that regulated service providers complied with the nation s rules and regulations She added that the NSC would not tolerate failure of terminal operators to refund illegal money collected from shippers as they were previously directed We have come to enforce shippers council s regulatory authority on the Tin Can Island Container Terminal TICT and to mandate them to comply with the rules The message we are sending out is that we want to make the port work and so cutting corners will not help anybody she said Edited By Kevin Okunzuwa Wale Ojetimi NAN
    Shippers Council, others decry indiscriminate charges by shipping companies
    Economy2 years ago

    Shippers Council, others decry indiscriminate charges by shipping companies

    The Nigerian Shippers’ Council (NSC) on Wednesday described as ‘unreasonable and unacceptable the indiscriminate’ high surcharges by multinational shipping firms on Nigerian-bound cargoes.

    The Executive Secretary of NSC, Mr Hassan Bello, said this during a meeting with stakeholders to discuss current increase in peak season surcharges on Nigerian trade route.

    Those who attended the meeting included the Manufacturers Association of Nigeria (MAN), Lagos Chamber of Commerce and Industry (LCCI), Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and the Nigerian shipping community.

    The News Agency of Nigeria reports that the 2020 peak period charges of between $1000 and $1,500 per twenty-foot equivalent unit(TEU) by shipping firms, is over 400 per cent increment from the previous $200 freight charge per TEU during peak period.

    The six companies allegedly involved in this act are Cosco, Maersk, MSC, CMA CGM, Hapag Lloyd and Evergreen shipping.

    “The charge is scary. If a Nigeria-bound container is charged as much as $1000, then the national economy is in trouble,” Bello said.

    He expressed worry that the surcharge was introduced at a wrong time, adding that it would lead to spiral inflation rate on the economy as cargoes would be abandoned at the ports.

    He noted that except the situation was urgently addressed, it might lead to job losses while many companies might go under.

    “The charges are astronomic, unjustified, not notified and discriminatory.

    “This is against fair trade facilitation rules, we have written to the erring firms and waiting for responses.

    “We have also written to the Ministry of Transportation to escalate it to Ministry of Trade and Ministry of Foreign Affairs, and the Federal Government to protest the charges.

    “We have been having surcharge in the range of $200 to $400, but 400 per cent increase and there is no time limit, any economy cannot cope with it as it can cripple the economy,” Bello said.

    Director-General, Lagos Chamber for Commerce and Industry (LCCI), Muda Yusuf, said the industries would resist the charges because the timing was most unsuspicious for business owners generally.

    Olufemi Immanuel from MAN said the surcharge was unacceptable because it was coming at a time when manufacturers were working with less staff, less raw material and lower profits.

    Mrs Margaret Orakwusi, Representative of NACCIMA, said the surcharge would affect commerce critically as members borrowed huge money to import items.

    On arbitrary charges by terminal operators, Mrs Celine Ifeora, NSC Deputy Director, Regulatory Services, said the council would ensure that regulated service providers complied with the nation’s rules and regulations.

    She added that the NSC would not tolerate failure of terminal operators to refund illegal money collected from shippers, as they were previously directed.

    “We have come to enforce shippers council’s regulatory authority on the Tin Can Island Container Terminal (TICT) and to mandate them to comply with the rules.

    “The message we are sending out is that we want to make the port work and so cutting corners will not help anybody,” she said.


    Edited By: Kevin Okunzuwa/Wale Ojetimi (NAN)

     

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