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  •  The Federal Government has reaffirmed its commitment to strengthen economic relations with the Turkish government to boost trade and investment The Minister of Industry Trade and Investment Mr Adeniyi Adebayo made this known on Tuesday in Abuja at the Nigeria Turkey Business Forum organised by Foreign Economic Relations Board DEIK a leading business organisation in Turkey Nigeria News Agency reports that the business forum was organised to pave way for both countries private sector enterpreneurs to transact business and enable Turkish cooperation to invest in Nigeria Adebayo said the event underscored the need for both political and economic cooperation between the two countries adding that the relationship between Nigeria and Turkey dated back to 1957 He said that the bilateral relationship had witnessed significant improvement in recent times and Turkey had become a destination and home for many Nigerians According to the minister the forum has a future full of possibilities in the areas of agriculture mining oil and gas textile manufacturing Micro Small and Medium Enterprises MSMEs and special economic zones development The present administration understands the role of the private sector as the key driver of the economy and is committed to making Nigeria one of the most attractive countries in terms of Ease of Doing business in the world Some policies have also been introduced to remove some bottlenecks in the economic development in the government s quest to diversify the economy Executive Order 001 was signed on the Ease of Doing Business with the aim of promoting transparency accountability in the business environment the minister added He said that its implementation had positioned Nigeria as a performing country in the Ease of Doing Business tracking Adebayo also said that the ministry developed the Nigerian Industrial Master Plan a strategic plan for industrialisation and also endeavoured to find where Nigeria had comparative advantage Earlier Prince Adetokunbo Kayode the President Abuja Chamber of Commerce and Industry ACCI in an opening speech emphasised on how best to advance cooperations between the two countries Speaking on What A Turkish Nigerian Strategic Partnership Should Look Like he said that Turkey was a major defence item producer a major ship building country and an all round growing industrial power He said that Nigeria on the other hand required massive amounts of infrastructure development in road and rail transport power generation transmission and distribution health and education He said Nigeria also needed technological assistance skills development and investments in developing its oil and gas sector particularly in petroleum refining and gas liquefaction value chain The Nigerian Armed Forces requires access to modern weapons systems especially those relevant to the new war asymmetric warfare counter insurgency campaigns trans border banditry and tactical support for internal security forces These can be purchased from Turkey for immediate and strategic supplies when needed to build a strategic relationship A Turkish Nigerian Strategic Partnership should see both countries leveraging on each other s strengths to fortify their own vulnerabilities and preserve their independence of action he said He urged the DEIK led Turkish Nigeria Business Council as well as the Nigeria Turkish Business Council to create continuous links between Turkish industry exporters and investors and their Nigerian counterparts This he said could be achieved through organising regular exhibitions Expos Trade Fairs and matchmaking for Turkish concerns in Nigeria organising tours of Turkey and Turkish industrial concerns for Nigerian industrialists Furthermore he tasked the DEIK Turkish Central Bank Turkish Export Credit Bank to work with Nigerian Association of Chamber of Commerce Industry Mines and Agriculture NACCIMA Central Bank of Nigeria CBN Nigerian Export Import Bank and organised private sector He said that the partnership would foster necessary financial instruments for large scale Turkish investment in Nigeria and vice versa ACCI president equally called for industrial cooperation adding that Nigeria had large and growing need for steel aluminum and glass but with a very weak steel and metallurgy industrial base and production capacity He said that the weak industrial base made it difficult for the country to meet its needs in spite ofbsignificant potential for expansion The Turkish Minister of Trade Mrs Ruhsar Pekcan in an address described Nigeria as one of its largest trading partner in the African continent Pekcan noted that the relations between Nigeria and Turkey was based on the trade agreement signed in 1982 while liquefied natural gas was being imported from Nigeria to Turkey since 1999 According to Pekcan Turkey also imports from Nigeria cocoa cola nuts metal tin ore rubber zinc crude petroleum and coal products while it exports construction materials Agriculture machineries steel and electronic products to Nigeria Turkish Airline fly to Nigeria in three different points namely Lagos Abuja and Port Harcourt to contribute to enhancing bilateral and economic relations she said She also expressed Turkish government s readiness to strengthen economic and bilateral partnership with Nigeria Edited by Ese E Ekama
    FG reaffirms deep economic relations with Turkey
     The Federal Government has reaffirmed its commitment to strengthen economic relations with the Turkish government to boost trade and investment The Minister of Industry Trade and Investment Mr Adeniyi Adebayo made this known on Tuesday in Abuja at the Nigeria Turkey Business Forum organised by Foreign Economic Relations Board DEIK a leading business organisation in Turkey Nigeria News Agency reports that the business forum was organised to pave way for both countries private sector enterpreneurs to transact business and enable Turkish cooperation to invest in Nigeria Adebayo said the event underscored the need for both political and economic cooperation between the two countries adding that the relationship between Nigeria and Turkey dated back to 1957 He said that the bilateral relationship had witnessed significant improvement in recent times and Turkey had become a destination and home for many Nigerians According to the minister the forum has a future full of possibilities in the areas of agriculture mining oil and gas textile manufacturing Micro Small and Medium Enterprises MSMEs and special economic zones development The present administration understands the role of the private sector as the key driver of the economy and is committed to making Nigeria one of the most attractive countries in terms of Ease of Doing business in the world Some policies have also been introduced to remove some bottlenecks in the economic development in the government s quest to diversify the economy Executive Order 001 was signed on the Ease of Doing Business with the aim of promoting transparency accountability in the business environment the minister added He said that its implementation had positioned Nigeria as a performing country in the Ease of Doing Business tracking Adebayo also said that the ministry developed the Nigerian Industrial Master Plan a strategic plan for industrialisation and also endeavoured to find where Nigeria had comparative advantage Earlier Prince Adetokunbo Kayode the President Abuja Chamber of Commerce and Industry ACCI in an opening speech emphasised on how best to advance cooperations between the two countries Speaking on What A Turkish Nigerian Strategic Partnership Should Look Like he said that Turkey was a major defence item producer a major ship building country and an all round growing industrial power He said that Nigeria on the other hand required massive amounts of infrastructure development in road and rail transport power generation transmission and distribution health and education He said Nigeria also needed technological assistance skills development and investments in developing its oil and gas sector particularly in petroleum refining and gas liquefaction value chain The Nigerian Armed Forces requires access to modern weapons systems especially those relevant to the new war asymmetric warfare counter insurgency campaigns trans border banditry and tactical support for internal security forces These can be purchased from Turkey for immediate and strategic supplies when needed to build a strategic relationship A Turkish Nigerian Strategic Partnership should see both countries leveraging on each other s strengths to fortify their own vulnerabilities and preserve their independence of action he said He urged the DEIK led Turkish Nigeria Business Council as well as the Nigeria Turkish Business Council to create continuous links between Turkish industry exporters and investors and their Nigerian counterparts This he said could be achieved through organising regular exhibitions Expos Trade Fairs and matchmaking for Turkish concerns in Nigeria organising tours of Turkey and Turkish industrial concerns for Nigerian industrialists Furthermore he tasked the DEIK Turkish Central Bank Turkish Export Credit Bank to work with Nigerian Association of Chamber of Commerce Industry Mines and Agriculture NACCIMA Central Bank of Nigeria CBN Nigerian Export Import Bank and organised private sector He said that the partnership would foster necessary financial instruments for large scale Turkish investment in Nigeria and vice versa ACCI president equally called for industrial cooperation adding that Nigeria had large and growing need for steel aluminum and glass but with a very weak steel and metallurgy industrial base and production capacity He said that the weak industrial base made it difficult for the country to meet its needs in spite ofbsignificant potential for expansion The Turkish Minister of Trade Mrs Ruhsar Pekcan in an address described Nigeria as one of its largest trading partner in the African continent Pekcan noted that the relations between Nigeria and Turkey was based on the trade agreement signed in 1982 while liquefied natural gas was being imported from Nigeria to Turkey since 1999 According to Pekcan Turkey also imports from Nigeria cocoa cola nuts metal tin ore rubber zinc crude petroleum and coal products while it exports construction materials Agriculture machineries steel and electronic products to Nigeria Turkish Airline fly to Nigeria in three different points namely Lagos Abuja and Port Harcourt to contribute to enhancing bilateral and economic relations she said She also expressed Turkish government s readiness to strengthen economic and bilateral partnership with Nigeria Edited by Ese E Ekama
    FG reaffirms deep economic relations with Turkey
    Economy3 years ago

    FG reaffirms deep economic relations with Turkey

    The Federal Government has reaffirmed its commitment to strengthen economic relations with the Turkish government to boost trade and investment.

    The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo made this known on Tuesday in Abuja at the Nigeria-Turkey Business Forum organised by Foreign Economic Relations Board (DEIK), a leading business organisation in Turkey.

    Nigeria News Agency reports that the business forum was organised to pave way for both countries’ private sector enterpreneurs to transact business and enable Turkish cooperation to invest in Nigeria.

    Adebayo said the event underscored the need for both political and economic cooperation between the two countries, adding that the relationship between Nigeria and Turkey dated back to 1957.

    He said that the bilateral relationship had witnessed significant improvement in recent times and Turkey had become a destination and home for many Nigerians.

    According to the minister, the forum has a future full of possibilities in the areas of agriculture, mining, oil and gas, textile, manufacturing, Micro, Small and Medium Enterprises (MSMEs) and special economic zones development.

    “The present administration understands the role of the private sector as the key driver of the economy and is committed to making Nigeria one of the most attractive countries in terms of Ease of Doing business in the world.

    “Some policies have also been introduced to remove some bottlenecks in the economic development in the government’s quest to diversify the economy.

    “Executive Order 001 was signed on the Ease of Doing Business with the aim of promoting transparency, accountability in the business environment,” the minister added.

    He said that its implementation had positioned Nigeria as a performing country in the Ease of Doing Business tracking.

    Adebayo also said that the ministry developed the Nigerian Industrial Master Plan, a strategic plan for industrialisation and also endeavoured to find where Nigeria had comparative advantage.

    Earlier, Prince Adetokunbo Kayode, the President, Abuja Chamber of Commerce and Industry (ACCI) in an opening speech emphasised on how best to advance cooperations between the two countries.

    Speaking on “What A Turkish-Nigerian Strategic Partnership Should Look Like” he said that Turkey was a major defence item producer, a major ship building country, and an all round growing industrial power.

    He said that Nigeria on the other hand required massive amounts of infrastructure development in road and rail transport, power generation, transmission and distribution, health and education.

    He said Nigeria also needed technological assistance, skills development and investments in developing its oil and gas sector, particularly in petroleum refining and gas liquefaction value chain.

    “The Nigerian Armed Forces requires access to modern weapons systems, especially those relevant to the new war, asymmetric warfare, counter-insurgency campaigns, trans-border banditry and tactical support for internal security forces.

    “These can be purchased from Turkey for immediate and strategic supplies when needed to build a strategic relationship.

    “A Turkish-Nigerian Strategic Partnership should see both countries leveraging on each other’s strengths to fortify their own vulnerabilities and preserve their independence of action,” he said.

    He urged the DEIK led Turkish- Nigeria Business Council as well as the Nigeria-Turkish Business Council to create continuous links between Turkish industry, exporters and investors, and their Nigerian counterparts.

    This, he said could be achieved through organising regular exhibitions, Expos, Trade Fairs, and matchmaking for Turkish concerns in Nigeria, organising tours of Turkey and Turkish industrial concerns for Nigerian industrialists.

    Furthermore, he tasked the DEIK, Turkish Central Bank, Turkish Export Credit Bank to work with Nigerian Association of Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA), Central Bank of Nigeria (CBN), Nigerian Export-Import Bank, and organised private sector.

    He said that the partnership would foster necessary financial instruments for large scale Turkish investment in Nigeria and vice versa.

    ACCI president equally called for industrial cooperation, adding that Nigeria had large and growing need for steel, aluminum and glass, but with a very weak steel and metallurgy industrial base and production capacity.

    He said that the weak industrial base made it difficult for the country to meet its needs in spite ofbsignificant potential for expansion.

    The Turkish Minister of Trade, Mrs Ruhsar Pekcan in an address described Nigeria as one of its largest trading partner in the African continent.

    Pekcan noted that the relations between Nigeria and Turkey was based on the trade agreement signed in 1982,  while liquefied natural gas was being imported from Nigeria to Turkey since 1999.

    According to Pekcan, Turkey also imports from Nigeria cocoa, cola nuts, metal, tin ore, rubber, zinc, crude petroleum and coal products while it exports construction materials, Agriculture machineries, steel and electronic products to Nigeria.

    “Turkish Airline fly to Nigeria in three different points, namely, Lagos, Abuja and Port Harcourt to contribute to enhancing bilateral and economic relations,” she said.

    She also expressed Turkish government’s readiness to strengthen economic and bilateral partnership with Nigeria.

    Edited by: Ese E. Ekama

  •   Dr John Isemede on Saturday urged the Federal Government to block revenue leakages in the various Ministries Departments and Agencies MDAs to boost local revenue generation Isemede a former Director General Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA said this in an interview with the Nigeria News Agency in Lagos He was reacting to President Muhammadu Buhari s assent to the 2020 appropriation bill Isemede who frowned at the Federal Government s decision to borrow to fund the 2020 budget said that MDAs should be given revenue targets to block leakages There are many leakages in the system in the MDAs parastatals and others What we need to do is to block all these leakages and give the MDAs targets It is not a crime to borrow but the manner at which we are borrowing is what is giving us concern Its good to borrow but local capacity local production and revenue generation within the country should be the solution If we have to borrow to fund budget and infrastructure in 2020 we are going to borrow for 2021 and so on Borrowing is good but revenue generation internally is better Other countries are wealthy not because the population is more than that of Nigeria or not because the land mass is bigger than Nigeria But they are borrowing and not just borrowing like that they are borrowing to add value to what they have If we now borrow money to run the 2020 budget and other things it means we are going to borrow for 2021 budget If you borrow today you are going to pay back tomorrow and if you are not producing and you are not exporting there s no way you can pay back that money We should take full control of the opportunities given to us by God Nigeria is at the centre of the world and we are at the centre of Africa Isemede said He urged the government to work with the new Economic Management Council on ways to boost local revenue generation develop export and production Isemede noted that production and export could be another solution to help Nigeria to generate the necessary revenue He said that the country needed favourable business environment to attract investors According to him Ambassadors must have targets as marketing managers to sell made in Nigeria goods outside the shores of the country as part of measures to avoid continued borrowing We should invest heavily in infrastructure invest heavily in man power development and look at other ways of shoring up our revenues that is the only way we can generate jobs as well as wealth creation he said Isemede said that Nigeria needed to invest heavily in its export drive through the Nigeria Export Promotion Council NEPC to ensure that goods produced were sellable instead of depending on oil Borrowing is good but we should know what we are borrowing for let s invest heavily in our export drive Its not the gimmick of import on a single window or border closure let us have general overhaul of the production sector pump more money into export development We should look at the revenue Nigeria should not be confused with the size of the Gross Domestic Product GDP We don t use GDP to run the economy we don t use GDP to pay salaries what we use is revenue generation Isemede stated He also called for the strengthening of the agricultural value chain to create the needed jobs and revenue The president promised that he will generate 10 million jobs in the next few years but the truth of the matter is that we can only generate that from agriculture through backward integration and import substitution We are borrowing because we are not developing value chain the farmers are supposed to be working with technical colleges the processors are supposed to be working with universities While exporters are supposed to be working with professionals and exporters That chain is not there Isemede said Edited by Fatima Sule Ese E Ekama NAN
    Budget: Ex-NACCIMA boss tasks FG on blockage of leakages in MDAs
      Dr John Isemede on Saturday urged the Federal Government to block revenue leakages in the various Ministries Departments and Agencies MDAs to boost local revenue generation Isemede a former Director General Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA said this in an interview with the Nigeria News Agency in Lagos He was reacting to President Muhammadu Buhari s assent to the 2020 appropriation bill Isemede who frowned at the Federal Government s decision to borrow to fund the 2020 budget said that MDAs should be given revenue targets to block leakages There are many leakages in the system in the MDAs parastatals and others What we need to do is to block all these leakages and give the MDAs targets It is not a crime to borrow but the manner at which we are borrowing is what is giving us concern Its good to borrow but local capacity local production and revenue generation within the country should be the solution If we have to borrow to fund budget and infrastructure in 2020 we are going to borrow for 2021 and so on Borrowing is good but revenue generation internally is better Other countries are wealthy not because the population is more than that of Nigeria or not because the land mass is bigger than Nigeria But they are borrowing and not just borrowing like that they are borrowing to add value to what they have If we now borrow money to run the 2020 budget and other things it means we are going to borrow for 2021 budget If you borrow today you are going to pay back tomorrow and if you are not producing and you are not exporting there s no way you can pay back that money We should take full control of the opportunities given to us by God Nigeria is at the centre of the world and we are at the centre of Africa Isemede said He urged the government to work with the new Economic Management Council on ways to boost local revenue generation develop export and production Isemede noted that production and export could be another solution to help Nigeria to generate the necessary revenue He said that the country needed favourable business environment to attract investors According to him Ambassadors must have targets as marketing managers to sell made in Nigeria goods outside the shores of the country as part of measures to avoid continued borrowing We should invest heavily in infrastructure invest heavily in man power development and look at other ways of shoring up our revenues that is the only way we can generate jobs as well as wealth creation he said Isemede said that Nigeria needed to invest heavily in its export drive through the Nigeria Export Promotion Council NEPC to ensure that goods produced were sellable instead of depending on oil Borrowing is good but we should know what we are borrowing for let s invest heavily in our export drive Its not the gimmick of import on a single window or border closure let us have general overhaul of the production sector pump more money into export development We should look at the revenue Nigeria should not be confused with the size of the Gross Domestic Product GDP We don t use GDP to run the economy we don t use GDP to pay salaries what we use is revenue generation Isemede stated He also called for the strengthening of the agricultural value chain to create the needed jobs and revenue The president promised that he will generate 10 million jobs in the next few years but the truth of the matter is that we can only generate that from agriculture through backward integration and import substitution We are borrowing because we are not developing value chain the farmers are supposed to be working with technical colleges the processors are supposed to be working with universities While exporters are supposed to be working with professionals and exporters That chain is not there Isemede said Edited by Fatima Sule Ese E Ekama NAN
    Budget: Ex-NACCIMA boss tasks FG on blockage of leakages in MDAs
    Economy3 years ago

    Budget: Ex-NACCIMA boss tasks FG on blockage of leakages in MDAs

    Dr John Isemede on Saturday urged the Federal Government to block revenue leakages in the various Ministries, Departments and Agencies (MDAs) to boost local revenue generation.

    Isemede, a former Director-General, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) said this in an interview with the Nigeria News Agency in Lagos.

    He was reacting to President Muhammadu Buhari’s assent to the 2020 appropriation bill.

    Isemede, who frowned at the Federal Government’s decision to borrow to fund the 2020 budget said that MDAs should be given revenue targets to block leakages.

    “There are many leakages in the system in the MDAs, parastatals and others. What we need to do is to block all these leakages and give the MDAs targets.

    “It is not a crime to borrow but the manner at which we are borrowing is what is giving us concern.

     

    “Its good to borrow but local capacity, local production and revenue generation within the country should be the solution.

    “If we have to borrow to fund budget and infrastructure in 2020, we are going to borrow for 2021 and so on.

    “Borrowing is good but revenue generation internally is better.

    “Other countries are wealthy not because the population is more than that of Nigeria or not because the land mass is bigger than Nigeria.

    “But they are borrowing and not just borrowing like that, they are borrowing to add value to what they have.

    “If we now borrow money to run the 2020 budget and other things, it means we are going to borrow for 2021 budget.

    “If you borrow today, you are going to pay back tomorrow and if you are not producing and you are not exporting, there’s no way you can pay back that money.

    “We should take full control of the opportunities given to us by God, Nigeria is at the centre of the world and we are at the centre of Africa,’’ Isemede said.

    He urged the government to work with the new Economic Management Council on ways to boost local revenue generation, develop export and production.

    Isemede noted that production and export could be another solution to help Nigeria to generate the necessary revenue.

    He said that the country needed favourable business environment to attract investors.

    According to him, Ambassadors must have targets as marketing managers to sell made in Nigeria goods outside the shores of the country as part of measures to avoid continued borrowing.

    “We should invest heavily in infrastructure, invest heavily in man power development and look at other ways of shoring up our revenues, that is the only way we can generate jobs as well as wealth creation,” he said.

    Isemede said that Nigeria needed to invest heavily in its export drive through the Nigeria Export Promotion Council (NEPC) to ensure that goods produced were sellable instead of depending on oil.

    “Borrowing is good but we should know what we are borrowing for, let’s invest heavily in our export drive.

     

    “Its not the gimmick of import on a single window or border closure, let us have general overhaul of the production sector, pump more money into export development.

    “We should look at the revenue, Nigeria should not be confused with the size of the Gross Domestic Product (GDP).

    “We don’t use GDP to run the economy, we don’t use GDP to pay salaries, what we use is revenue generation,’’ Isemede stated.

    He also called for the strengthening of the agricultural value chain to create the needed jobs and revenue.

    “The president promised that he will generate 10 million jobs in the next few years but the truth of the matter is that we can only generate that from agriculture through backward integration and import substitution.

    “We are borrowing because we are not developing value chain, the farmers are supposed to be working with technical colleges, the processors are supposed to be working with universities.

    “While exporters are supposed to be working with professionals and exporters. That chain is not there,’’ Isemede said.

    Edited by: Fatima Sule/Ese E. Ekama
    (NAN)

     

  •   Mrs Saratu Aliyu President Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA has urged Nigerians to intensify on growing the nation s local economy by promoting local products Aliyu made this call while commending the Rivers Government on Wednesday in Port Harcourt on the state government s contribution to the 15th edition of the Annual International Trade Fair The fair was organised by the Port Harcourt Chamber of Commerce Industry Mines and Agriculture PHCCIMA She said that this year s edition of the annual international trade fair had been remarkable following the support by the state government Indeed there is a remarkable difference in this year s trade fair because the state government has started recognising the impact of the fair in promoting our local economy The Rivers governor even gave directives to the 23 local government chairmen to ensure that goods and services domiciled in the various LGAs are packaged and displayed to attract both local and foreign investors The NACCIMA president urged all levels of government to key into programmes and policies aimed at promoting local products Our economy should be a general concern if the recent economic policies of the Federal Government are supported and allowed to thrive he said She said that the trade fair would offer huge opportunities to foriegn investors to leverage on the abundant investment potential in our local products The NACCIMA boss said that the Standard Organisation of Nigeria SON would ensure that only certified products were given approval during the fair SON as well as other related agencies already have their stands strategically located at the vanue to ensure that only quality goods and sevices would be displayed at the fair she said Aliyu said that the boarder closure has made it impossible for unauthourised containers to have access to the country s borders adding that some of those containers are used to conceal dangerous chemicals consumables and even arms She said that the motive behind closure of the country s borders was appreciable Edited by Joseph Edeh Yemi Idris Aduloju NAN Related
    NACCIMA president urges Nigerians to promote local products
      Mrs Saratu Aliyu President Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA has urged Nigerians to intensify on growing the nation s local economy by promoting local products Aliyu made this call while commending the Rivers Government on Wednesday in Port Harcourt on the state government s contribution to the 15th edition of the Annual International Trade Fair The fair was organised by the Port Harcourt Chamber of Commerce Industry Mines and Agriculture PHCCIMA She said that this year s edition of the annual international trade fair had been remarkable following the support by the state government Indeed there is a remarkable difference in this year s trade fair because the state government has started recognising the impact of the fair in promoting our local economy The Rivers governor even gave directives to the 23 local government chairmen to ensure that goods and services domiciled in the various LGAs are packaged and displayed to attract both local and foreign investors The NACCIMA president urged all levels of government to key into programmes and policies aimed at promoting local products Our economy should be a general concern if the recent economic policies of the Federal Government are supported and allowed to thrive he said She said that the trade fair would offer huge opportunities to foriegn investors to leverage on the abundant investment potential in our local products The NACCIMA boss said that the Standard Organisation of Nigeria SON would ensure that only certified products were given approval during the fair SON as well as other related agencies already have their stands strategically located at the vanue to ensure that only quality goods and sevices would be displayed at the fair she said Aliyu said that the boarder closure has made it impossible for unauthourised containers to have access to the country s borders adding that some of those containers are used to conceal dangerous chemicals consumables and even arms She said that the motive behind closure of the country s borders was appreciable Edited by Joseph Edeh Yemi Idris Aduloju NAN Related
    NACCIMA president urges Nigerians to promote local products
    Economy3 years ago

    NACCIMA president urges Nigerians to promote local products

    Mrs Saratu Aliyu, President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has urged Nigerians to intensify on growing the nation’s local economy by promoting local products.

    Aliyu made this call while commending the Rivers Government on Wednesday in Port Harcourt, on the state government’s  contribution to the 15th edition of the Annual International Trade Fair.

    The fair was  organised by the Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA).

    She said that this year’s edition of the annual international trade fair had been remarkable following the support by the state government.

    Indeed, there is a remarkable difference in this year’s trade fair because the state government has started recognising the impact of the fair in promoting our local economy.

    The Rivers governor even gave directives to the 23 local government chairmen to ensure that goods and services domiciled in the various LGAs are packaged and displayed to attract both local and foreign investors”.

    The NACCIMA president urged all levels of government to key into programmes and policies aimed at promoting local products.

    Our economy should be a general concern, if the recent economic policies of the Federal Government are supported and allowed to thrive,” he said.

    She said that the trade fair would offer huge opportunities to foriegn investors to leverage on the abundant investment potential in our local products.

    The NACCIMA boss said that the Standard Organisation of Nigeria (SON), would ensure that only certified products were given approval  during the fair.

    SON as well as other related agencies already have their stands strategically located at the vanue to ensure that only quality goods and sevices would be displayed at the fair,” she said.

    Aliyu said that the boarder closure has made it impossible for unauthourised containers to have access to the country’s borders, adding that some of those containers are used to conceal dangerous chemicals, consumables and even arms.

    She said that the motive behind closure of the country’s borders was appreciable.

    Edited by: Joseph Edeh/Yemi Idris-Aduloju
    (NAN)
    Related

     

     

     

  •  The National Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA has advised Nigerians in diaspora to come home and invest The National President of NACCIMA Chief Alaba Lawson made the call in New York at the NACCIMA Diaspora engagement with Nigerian professionals organisations and investors based in the U S She told the group that a lot of things had changed in Nigeria and has made investment in the country more attractive Lawson said agriculture was now taking its leading role in Nigeria adding the country needs to feed itself instead of using its hard earned foreign exchange to import foods that it can produce in our country On mining the NACCIMA leader said There is no Local Government in Nigeria that has not got its mineral deposit we are so blessed So we are looking at mining as a very important sector that will replace the oil sector in our country with good policies from the government Lawson said the Nigerian mining sector was being repositioned adding we are looking at the policies from the government so as to make it a sector one can invest and know that the investment is safe She said the mining roadmap focuses on seven strategic minerals iron ore gold bitumen coal limestone lead and zinc gold and barite The NACCIMA president said the roadmap was conceived to raise the contributions of mining to gross domestic product from 0 3 per cent to about four per cent or 27 billion dollars by 2025 According to her this is an area the Nigerian Diaspora can look into and invest Being the voice of the Nigerian business we advocate conducive and enabling environment for private sector to be able to successfully operate thrive and serve as the engine of economic growth and development in our country This position has given us a unique opportunity to truly be the voice of business and defender of the interest of the private sector she said Lawson who is the first female president of NACCIMA said the private sector was now widely acknowledged as the driver of inclusive growth in all major areas of the economy We are all aware of the growth and development of the Nigerian diaspora We are aware of you being in the process of having a Nigerian bank One cannot underestimate the volume of money being moved by the Nigerians in the diaspora It is well known that our diaspora is composed of high end and skilled professionals And is in addition diaspora remittances have hit about 30 billion and this is the real data that we have that in a year the 30 billion is the formal one that you can track The informal ones that people give hand to hand to send to relatives are not included So you can see that this is a veritable injection of funds into our economy And at NACCIMA we are closely following this trajectory of the Nigerian diaspora as a credible partner in the development of our country she said Some of the Nigerian diasporas and their investment partners raised issues about getting honest partners in Nigeria which Lawson said the chamber has a Diaspora desk to deal with that NACCIMA Director General Amb Ayoola Olukanni said NACCIMA has database of genuine businesses that foreign investors could partner with and their investments would be secured Olukanni said So we are calling on you to join us at NACCIMA to make some contributions in our quest to turn Nigeria into a country of our dream Whether we like it or not and wherever we are home is the best and home is home This is our clarion call that we should all join hands to promote our nation and build it into our dream Earlier the Consul Economic and Investment at the Nigerian Consulate New York Mr Nicholas Ellas said the engagement was designed to connect with the Nigerian professionals groups and associations outside the shores of the country President Port Harcourt Chamber of Commerce Dr Emi Membere Otaji said the major purpose of the NACCIMA Diaspora engagement was to attract the diasporas investment for the development of the Homeland The NACCIMA delegation also had fruitful engagements with the UN Deputy Secretary General Amina Mohammed and the UN Women Edited by Sadiya Hamza NAN
    NACCIMA asks Nigerians in diaspora to come home and invest
     The National Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA has advised Nigerians in diaspora to come home and invest The National President of NACCIMA Chief Alaba Lawson made the call in New York at the NACCIMA Diaspora engagement with Nigerian professionals organisations and investors based in the U S She told the group that a lot of things had changed in Nigeria and has made investment in the country more attractive Lawson said agriculture was now taking its leading role in Nigeria adding the country needs to feed itself instead of using its hard earned foreign exchange to import foods that it can produce in our country On mining the NACCIMA leader said There is no Local Government in Nigeria that has not got its mineral deposit we are so blessed So we are looking at mining as a very important sector that will replace the oil sector in our country with good policies from the government Lawson said the Nigerian mining sector was being repositioned adding we are looking at the policies from the government so as to make it a sector one can invest and know that the investment is safe She said the mining roadmap focuses on seven strategic minerals iron ore gold bitumen coal limestone lead and zinc gold and barite The NACCIMA president said the roadmap was conceived to raise the contributions of mining to gross domestic product from 0 3 per cent to about four per cent or 27 billion dollars by 2025 According to her this is an area the Nigerian Diaspora can look into and invest Being the voice of the Nigerian business we advocate conducive and enabling environment for private sector to be able to successfully operate thrive and serve as the engine of economic growth and development in our country This position has given us a unique opportunity to truly be the voice of business and defender of the interest of the private sector she said Lawson who is the first female president of NACCIMA said the private sector was now widely acknowledged as the driver of inclusive growth in all major areas of the economy We are all aware of the growth and development of the Nigerian diaspora We are aware of you being in the process of having a Nigerian bank One cannot underestimate the volume of money being moved by the Nigerians in the diaspora It is well known that our diaspora is composed of high end and skilled professionals And is in addition diaspora remittances have hit about 30 billion and this is the real data that we have that in a year the 30 billion is the formal one that you can track The informal ones that people give hand to hand to send to relatives are not included So you can see that this is a veritable injection of funds into our economy And at NACCIMA we are closely following this trajectory of the Nigerian diaspora as a credible partner in the development of our country she said Some of the Nigerian diasporas and their investment partners raised issues about getting honest partners in Nigeria which Lawson said the chamber has a Diaspora desk to deal with that NACCIMA Director General Amb Ayoola Olukanni said NACCIMA has database of genuine businesses that foreign investors could partner with and their investments would be secured Olukanni said So we are calling on you to join us at NACCIMA to make some contributions in our quest to turn Nigeria into a country of our dream Whether we like it or not and wherever we are home is the best and home is home This is our clarion call that we should all join hands to promote our nation and build it into our dream Earlier the Consul Economic and Investment at the Nigerian Consulate New York Mr Nicholas Ellas said the engagement was designed to connect with the Nigerian professionals groups and associations outside the shores of the country President Port Harcourt Chamber of Commerce Dr Emi Membere Otaji said the major purpose of the NACCIMA Diaspora engagement was to attract the diasporas investment for the development of the Homeland The NACCIMA delegation also had fruitful engagements with the UN Deputy Secretary General Amina Mohammed and the UN Women Edited by Sadiya Hamza NAN
    NACCIMA asks Nigerians in diaspora to come home and invest
    Foreign4 years ago

    NACCIMA asks Nigerians in diaspora to come home and invest

    The National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has advised Nigerians in diaspora to  come home and invest.

    The National President of NACCIMA, Chief Alaba Lawson, made the call in New York at the NACCIMA-Diaspora engagement with Nigerian professionals, organisations, and investors based in the U.S.

    She told the group that a lot of things had changed in Nigeria and has made investment in the country more attractive.

    Lawson said agriculture was now taking its leading role in Nigeria adding, the country needs to feed itself instead of using its hard-earned foreign exchange to import foods that it can produce in our country.

    On mining, the NACCIMA leader said: “There is no Local Government in Nigeria that has not got its mineral deposit; we are so blessed.

    “So we are looking at mining as a very important sector that will replace the oil sector in our country, with good policies from the government”.

    Lawson said the Nigerian mining sector was being repositioned adding, we are looking at the policies from the government so as to make it a sector one can invest and know that the investment is safe.

    She said the mining roadmap focuses on seven strategic minerals – iron ore, gold, bitumen, coal, limestone, lead and zinc, gold and barite.

    The NACCIMA president said the roadmap was conceived to raise the contributions of mining to gross domestic product from 0.3 per cent to about four per cent or 27 billion dollars  by 2025.

    According to her, this is an area the Nigerian Diaspora can look into and invest.

    “Being the voice of the Nigerian business, we advocate conducive and enabling environment for private sector to be able to successfully operate, thrive and serve as the engine of economic growth and development in our country.

    “This position has given us a unique opportunity to truly be the voice of business and defender of the interest of the private sector,” she said.

    Lawson, who is the first female president of NACCIMA, said the private sector was now widely acknowledged as the driver of inclusive growth in all major areas of the economy.

    “We are all aware of the growth and development of the Nigerian diaspora. We are aware of you being in the process of having a Nigerian bank.

    “One cannot underestimate the volume of money being moved by the Nigerians in the diaspora. It is well known that our diaspora is composed of high-end and skilled professionals.

    “And is in addition, diaspora remittances have hit about $30 billion and this is the real data that we have – that in a year, the $30 billion is the formal one that you can track.

    “The informal ones that people give hand-to-hand to send to relatives are not included. So you can see that this is a veritable injection of funds into our economy.

    “And at NACCIMA, we are closely following this trajectory of the Nigerian diaspora as a credible partner in the development of our country,” she said.

    Some of the Nigerian diasporas and their investment partners raised issues about getting honest partners in Nigeria, which Lawson said the chamber has a Diaspora desk to deal with that.

    NACCIMA Director-General, Amb. Ayoola Olukanni, said NACCIMA has database of genuine businesses that foreign investors could partner with and their investments would be secured.

    Olukanni said: “So we are calling on you to join us at NACCIMA to make some contributions in our quest to turn Nigeria into a country of our dream.

    “Whether we like it or not and wherever we are, home is the best and home is home. This is our clarion call that we should all join hands to promote our nation and build it into our dream”.

    Earlier, the Consul, Economic and Investment at the Nigerian Consulate, New York, Mr Nicholas Ellas, said the engagement was designed to connect with the Nigerian professionals, groups and associations outside the shores of the country.

    President, Port Harcourt Chamber of Commerce, Dr Emi Membere-Otaji, said the major purpose of the NACCIMA-Diaspora engagement was to attract the diasporas’ investment for the development of the Homeland.

    The NACCIMA delegation also had fruitful engagements with the UN Deputy Secretary-General Amina Mohammed and the UN Women.

    Edited by: Sadiya Hamza
    (NAN)

  •  Chief Alaba Lawson the National President of Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA has commended Nigeria over her sterling contributions at the global level Lawson made the remark when she led a delegation of NACCIMA members on a courtesy visit to the Permanent Representative of Nigeria to the UN Amb Tijjani Bande at the Nigeria House in New York The NACCIMA boss particularly commended the Nigerian envoy and officials of the Permanent Mission for effectively projecting Nigeria s foreign policy and promoting Nigeria s interest at the global body She recalled Nigeria s contributions to the UN Peacekeeping operations across the world which placed Nigeria in the League of Top Troop Contributing Countries making the country a major contributor to maintenance of global peace and security The NACCIMA boss noted that the maintenence of global peace and security was the major aspect of the work of the UN She also spoke of how Nigeria through the permanent mission made significant contributions in the area of development work of the UN such as the Sustainable Development Goals Agenda 2030 designed to transform the world She commended the Nigerian envoy and his staff for continuing in the tradition of excellence of past Permament Representatives of Nigeria at the UN which she said made the country a leading light at the global body Lawson assured the mission of the support of NACCIMA as a leading member of the Organised Private Sector in Nigeria that is committed to transforming the economy through diversification for the wellbeing of citizens Bande thanked Lawson and her delegation for participating in the ongoing UN General Assembly noting that the work of NACCIMA in the area of commerce industry mines and agriculture spanned the key areas of the Nigerian economy He pointed out that these areas were important areas of deliberations especially at the Economic and Financial and the Social Humanitarian and Cultural Committees at the UN which deal with economic financial and other social and development issues The Nigerian envoy assured Lawson and her delegation of closer collaboration adding that he would keep NACCIMA fully informed of major issues According to him the UN Gneral Assembly resolutions and initiatives will be of interest to NACCIMA On Lawson s delegation were President of Port Harcourt Chambers of Commerce Industries Mines and Agriculture Dr Membere Otaji and the Director General of NACCIMA Amb Ayo Olukanni Edited by Hadiza Mohammed Aliyu NAN
    NACCIMA commends Nigeria’s contributions at global level
     Chief Alaba Lawson the National President of Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA has commended Nigeria over her sterling contributions at the global level Lawson made the remark when she led a delegation of NACCIMA members on a courtesy visit to the Permanent Representative of Nigeria to the UN Amb Tijjani Bande at the Nigeria House in New York The NACCIMA boss particularly commended the Nigerian envoy and officials of the Permanent Mission for effectively projecting Nigeria s foreign policy and promoting Nigeria s interest at the global body She recalled Nigeria s contributions to the UN Peacekeeping operations across the world which placed Nigeria in the League of Top Troop Contributing Countries making the country a major contributor to maintenance of global peace and security The NACCIMA boss noted that the maintenence of global peace and security was the major aspect of the work of the UN She also spoke of how Nigeria through the permanent mission made significant contributions in the area of development work of the UN such as the Sustainable Development Goals Agenda 2030 designed to transform the world She commended the Nigerian envoy and his staff for continuing in the tradition of excellence of past Permament Representatives of Nigeria at the UN which she said made the country a leading light at the global body Lawson assured the mission of the support of NACCIMA as a leading member of the Organised Private Sector in Nigeria that is committed to transforming the economy through diversification for the wellbeing of citizens Bande thanked Lawson and her delegation for participating in the ongoing UN General Assembly noting that the work of NACCIMA in the area of commerce industry mines and agriculture spanned the key areas of the Nigerian economy He pointed out that these areas were important areas of deliberations especially at the Economic and Financial and the Social Humanitarian and Cultural Committees at the UN which deal with economic financial and other social and development issues The Nigerian envoy assured Lawson and her delegation of closer collaboration adding that he would keep NACCIMA fully informed of major issues According to him the UN Gneral Assembly resolutions and initiatives will be of interest to NACCIMA On Lawson s delegation were President of Port Harcourt Chambers of Commerce Industries Mines and Agriculture Dr Membere Otaji and the Director General of NACCIMA Amb Ayo Olukanni Edited by Hadiza Mohammed Aliyu NAN
    NACCIMA commends Nigeria’s contributions at global level
    Foreign4 years ago

    NACCIMA commends Nigeria’s contributions at global level

    Chief Alaba Lawson, the National President of Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has commended Nigeria “over her sterling contributions at the global level.”

    Lawson made the remark when she led a delegation of NACCIMA members on a courtesy visit to the Permanent Representative of Nigeria to the UN, Amb. Tijjani Bande, at the Nigeria House in New York.

    The NACCIMA boss, particularly commended the Nigerian envoy and officials of the Permanent Mission “for effectively projecting Nigeria’s foreign policy and promoting Nigeria’s interest at the global body.”

    She recalled Nigeria’s contributions to the UN Peacekeeping operations across the world, which placed Nigeria in the League of Top Troop Contributing Countries, making the country a major contributor to maintenance of global peace and security.

    The NACCIMA boss noted that the maintenence of global peace and security was the major aspect of the work of the UN.

    She also spoke of how Nigeria, through the permanent mission, made significant contributions in the area of development work of the UN such as the Sustainable Development Goals Agenda 2030, designed to transform the world.

    She commended the Nigerian envoy and his staff for continuing in the tradition of excellence of past Permament Representatives of Nigeria at the UN, which she said, made the country a leading light at the global body.

    Lawson assured the mission of the support of NACCIMA, as a leading member of the Organised Private Sector in Nigeria that is committed to transforming the economy through diversification for the wellbeing of citizens.

    Bande thanked Lawson and her delegation for participating in the ongoing UN General Assembly, noting that the work of NACCIMA in the area of  commerce, industry, mines and agriculture, spanned the key areas of the Nigerian economy.

    He pointed out that these areas were important areas of deliberations especially at the Economic and Financial, and the Social, Humanitarian and Cultural Committees at the UN, which deal with economic, financial and other social and development issues.

    The Nigerian envoy assured Lawson and her delegation of closer collaboration, adding that he would keep NACCIMA fully informed of major issues.

    According to him, the UN Gneral Assembly resolutions and initiatives will be of interest to NACCIMA.

    On Lawson’s delegation were President of Port Harcourt Chambers of Commerce, Industries, Mines and Agriculture, Dr Membere Otaji, and the Director General of NACCIMA, Amb. Ayo Olukanni.

    Edited by: Hadiza Mohammed-Aliyu
    (NAN)

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