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  •  Mr Akim Oyediran Chairman of the Manufacturers Association of Nigeria MAN Cross River and Akwa Ibom Chapter has expressed the intention of the association to partner the Nigerian Export Import NEXIM Bank to enhance exports from both states Oyediran expressed this on Saturday during his visit to identify industries that could export agricultural products in Cross River to help them partner effectively with NEXIM Bank The chairman said the chapter under his watch would key into the African Continental Free Trade Agreement AfCFTA and mobilise industry and companies with available opportunities in the export market My visit to Cross River is to identify companies and industries that can export agricultural products and make them work together with NEXIM Bank for them to get the necessary information needed from the Bank So far with what I have seen in this familiarisation visit I am very impressed with the industries in the Calabar Free Trade Zone CFTZ The chapter is willing to partner with NEXIM Bank in the export of Syringes rubber transformers recycling products and other agricultural products in the zone In his reaction the Regional Head of NEXIM Bank Calabar office Mr Soni Osaghale said what MAN was doing was part of NEXIM Bank s focus for export We are set up as an Export Credit Agency ECA we understand the export market do advisory services for the export market our target is to drive export to earn foreign exchange for the government He added that NEXM Bank was ready to partner with MAN in the promotion of export goods in line with AfCFTA agreement NewsSourceCredit NAN
    MAN, NEXIM Bank collaborate to enhance export in Cross River, Akwa Ibom 
     Mr Akim Oyediran Chairman of the Manufacturers Association of Nigeria MAN Cross River and Akwa Ibom Chapter has expressed the intention of the association to partner the Nigerian Export Import NEXIM Bank to enhance exports from both states Oyediran expressed this on Saturday during his visit to identify industries that could export agricultural products in Cross River to help them partner effectively with NEXIM Bank The chairman said the chapter under his watch would key into the African Continental Free Trade Agreement AfCFTA and mobilise industry and companies with available opportunities in the export market My visit to Cross River is to identify companies and industries that can export agricultural products and make them work together with NEXIM Bank for them to get the necessary information needed from the Bank So far with what I have seen in this familiarisation visit I am very impressed with the industries in the Calabar Free Trade Zone CFTZ The chapter is willing to partner with NEXIM Bank in the export of Syringes rubber transformers recycling products and other agricultural products in the zone In his reaction the Regional Head of NEXIM Bank Calabar office Mr Soni Osaghale said what MAN was doing was part of NEXIM Bank s focus for export We are set up as an Export Credit Agency ECA we understand the export market do advisory services for the export market our target is to drive export to earn foreign exchange for the government He added that NEXM Bank was ready to partner with MAN in the promotion of export goods in line with AfCFTA agreement NewsSourceCredit NAN
    MAN, NEXIM Bank collaborate to enhance export in Cross River, Akwa Ibom 
    Economy2 months ago

    MAN, NEXIM Bank collaborate to enhance export in Cross River, Akwa Ibom 

    Mr Akim Oyediran, Chairman of the Manufacturers Association of Nigeria, (MAN), Cross River and Akwa Ibom Chapter, has expressed the intention of the association to partner the Nigerian Export Import (NEXIM) Bank to enhance exports from both states.

    Oyediran expressed this on Saturday during his visit to identify industries that could export agricultural products in Cross River, to help them partner effectively with NEXIM Bank.The chairman said the chapter, under his watch, would key into the African Continental Free Trade Agreement (AfCFTA) and mobilise industry and companies with available opportunities in the export market.

    “My visit to Cross River is to identify companies and industries that can export agricultural products and make them work together with NEXIM Bank, for them to get the necessary information needed from the Bank.“So far with what I have seen in this familiarisation visit, I am very impressed with the industries in the Calabar Free Trade Zone (CFTZ).

    “The chapter is willing to partner with NEXIM Bank in the export of Syringes, rubber, transformers, recycling products and other agricultural products in the zone.

    In his reaction, the Regional Head of NEXIM Bank Calabar office, Mr Soni Osaghale, said what MAN was doing was part of NEXIM Bank’s focus for export.

    “We are set up as an Export Credit Agency (ECA), we understand the export market, do advisory services for the export market; our target is to drive export to earn foreign exchange for the government.

    He added that NEXM Bank was ready to partner with MAN in the promotion of export goods in line with AfCFTA  agreement.


    NewsSourceCredit: NAN

  •   The September October 2022 issue of Luxury and Business PLEASURES Magazine www PleasuresMagazine com ng highlights the African Industrial Conference and the 2022 AIDCA Awards won by Her Majesty Ogiame Atuwatse III the Olu of Warri Emir of Zazzau His Highness Amb Ahmed Nuhu Bamalli Overseer General of the Redeemed Christian Church of God RCCG Pastor Enoch Adeboye and Group CEO of The Nigerian National Petroleum Company Limited NNPC Ltd Malam Mele Kolo Kyari among others The air of glitz that radiated from the epoch making event echoed far beyond the shores of Nigeria as the winners won grand prizes supported by eminent personalities such as Her Excellency Arc Namadi Sambo Former Vice President of Nigeria Chief of the Naval Staff Vice Rear Admiral Awwal Zubairu GamboSr John Asein CEO Nigerian Copyright Commission NCC Senator Andy Ubah Dr Ibukun Adebayo CEO Rock Realty Limited Dr Umaru Abdul Mutallab Chairman Jaiz Bank Plc and Bashir Ahmed Assistant special on digital communications of President Buhari Other dignitaries among those who attended the event also included Inimfon Etuk Founder She Forum Africa Her Excellency Alayingi Sylva wife of the Minister of Petroleum Hon Kabir Tukura Ibrahim Member of the House of Representatives Zuru Fakai Danko Wasagu Sakaba Federal Constituency of Kebbi Stat Ahmed Modibbo General Manager Highland Disc Acquisition Co Ltd Ing Ali Rabiu Council for the Engineering Regulation in Nigeria COREN Mr Oke Afolabi CEO Managing Director Global Infoswift Technologies Abba Bello Dan Adalan Katsina MD CEO Nigerian Export Import Bank NEXIM Bank Prof Mohammed Nasir Sambo Executive Secretary CEO of the National Health Insurance Scheme NHIS Mohammed Sani Sidi MFR former Director General of the National Emergency Management Agency NEMA and Alhaji Lawal Bindawa Zannan Katsina Warri s Olu emerged as the AIDCA Humanitarian Royal Father of the Year after coming top in an online vote while His Highness Emir of Zazzau took the AIDCA Outstanding Peacemaker Traditional Ruler Award Year of AIDCA Similarly Mele Kolo Kyari won the 2022 AIDA Outstanding Industrial Revolution Leader of the Year award and Pastor Enoch Adeboye emerged as the 2022 AIDA Outstanding Clergy Humanitarian of the Year The AIDCA Award which took place at Transcorp Hilton Hotel Abuja was held with the theme Enabling Transformation in the Digital Economy At the well attended creme de la creme event Dr Ibrahim Bello Dauda director general of the Sahelian Center for Leadership and Development and national head of the All Progressives Congress APC won the Outstanding Exemplary Leader award from the Year 2022 while Charles Chukwuemeka CEO of Tent Group Limited emerged as AIDA s Outstanding Real Estate Company of the Year 2022 Hajiya Nana Aisha Gambo the wife of Vice Admiral Awwal Zubairu Gambo currently serving as the National President of Naval Officers Wives Association NOWA Hajia Aisha Bagudu Founder Mallpai Foundation and First Lady of Kebbi State the former first arch lady of Benue state Yemisi Suswam Ph D FNIA won the 2022 Outstanding Humanitarian of the Year Award Additionally Afro Arab Group of Companies Chairman and CEO Ambassador Alhaji Salamu Amadu took home the 2022 AIDA Entrepreneur of The Year Award while Dr Lola Bayode founder of the Dorian Home for Charity and Social Development took home the AIDA Outstanding 2022 Humanitarian of the Year award Meanwhile Dr Remi Duyile President and CEO of Image Consulting Group USA won the AIDA Outstanding Diaspora Leader of The Year 2022 award All honorees were widely accepted in their fields of activity as pioneers and bridge builders with a history of excellence and a clear vision in leadership AIDCA 2022 was packaged by Dotmount Communications Group in collaboration with Yahoo Finance Associated Press and The Times of Jerusalem It featured global thought leaders who shared ideas and discussed the latest development trends economic issues and experiences from different countries on the continent www dtcoms com www PleasuresMagazine com ng
    Pleasures Magazine Highlights African Industrial Conference & Awards (AIDCA), Features Aisha Gambo, Charles Chukwuemeka, Emir of Zazzau, Mohammed Badugu in September-October Issue
      The September October 2022 issue of Luxury and Business PLEASURES Magazine www PleasuresMagazine com ng highlights the African Industrial Conference and the 2022 AIDCA Awards won by Her Majesty Ogiame Atuwatse III the Olu of Warri Emir of Zazzau His Highness Amb Ahmed Nuhu Bamalli Overseer General of the Redeemed Christian Church of God RCCG Pastor Enoch Adeboye and Group CEO of The Nigerian National Petroleum Company Limited NNPC Ltd Malam Mele Kolo Kyari among others The air of glitz that radiated from the epoch making event echoed far beyond the shores of Nigeria as the winners won grand prizes supported by eminent personalities such as Her Excellency Arc Namadi Sambo Former Vice President of Nigeria Chief of the Naval Staff Vice Rear Admiral Awwal Zubairu GamboSr John Asein CEO Nigerian Copyright Commission NCC Senator Andy Ubah Dr Ibukun Adebayo CEO Rock Realty Limited Dr Umaru Abdul Mutallab Chairman Jaiz Bank Plc and Bashir Ahmed Assistant special on digital communications of President Buhari Other dignitaries among those who attended the event also included Inimfon Etuk Founder She Forum Africa Her Excellency Alayingi Sylva wife of the Minister of Petroleum Hon Kabir Tukura Ibrahim Member of the House of Representatives Zuru Fakai Danko Wasagu Sakaba Federal Constituency of Kebbi Stat Ahmed Modibbo General Manager Highland Disc Acquisition Co Ltd Ing Ali Rabiu Council for the Engineering Regulation in Nigeria COREN Mr Oke Afolabi CEO Managing Director Global Infoswift Technologies Abba Bello Dan Adalan Katsina MD CEO Nigerian Export Import Bank NEXIM Bank Prof Mohammed Nasir Sambo Executive Secretary CEO of the National Health Insurance Scheme NHIS Mohammed Sani Sidi MFR former Director General of the National Emergency Management Agency NEMA and Alhaji Lawal Bindawa Zannan Katsina Warri s Olu emerged as the AIDCA Humanitarian Royal Father of the Year after coming top in an online vote while His Highness Emir of Zazzau took the AIDCA Outstanding Peacemaker Traditional Ruler Award Year of AIDCA Similarly Mele Kolo Kyari won the 2022 AIDA Outstanding Industrial Revolution Leader of the Year award and Pastor Enoch Adeboye emerged as the 2022 AIDA Outstanding Clergy Humanitarian of the Year The AIDCA Award which took place at Transcorp Hilton Hotel Abuja was held with the theme Enabling Transformation in the Digital Economy At the well attended creme de la creme event Dr Ibrahim Bello Dauda director general of the Sahelian Center for Leadership and Development and national head of the All Progressives Congress APC won the Outstanding Exemplary Leader award from the Year 2022 while Charles Chukwuemeka CEO of Tent Group Limited emerged as AIDA s Outstanding Real Estate Company of the Year 2022 Hajiya Nana Aisha Gambo the wife of Vice Admiral Awwal Zubairu Gambo currently serving as the National President of Naval Officers Wives Association NOWA Hajia Aisha Bagudu Founder Mallpai Foundation and First Lady of Kebbi State the former first arch lady of Benue state Yemisi Suswam Ph D FNIA won the 2022 Outstanding Humanitarian of the Year Award Additionally Afro Arab Group of Companies Chairman and CEO Ambassador Alhaji Salamu Amadu took home the 2022 AIDA Entrepreneur of The Year Award while Dr Lola Bayode founder of the Dorian Home for Charity and Social Development took home the AIDA Outstanding 2022 Humanitarian of the Year award Meanwhile Dr Remi Duyile President and CEO of Image Consulting Group USA won the AIDA Outstanding Diaspora Leader of The Year 2022 award All honorees were widely accepted in their fields of activity as pioneers and bridge builders with a history of excellence and a clear vision in leadership AIDCA 2022 was packaged by Dotmount Communications Group in collaboration with Yahoo Finance Associated Press and The Times of Jerusalem It featured global thought leaders who shared ideas and discussed the latest development trends economic issues and experiences from different countries on the continent www dtcoms com www PleasuresMagazine com ng
    Pleasures Magazine Highlights African Industrial Conference & Awards (AIDCA), Features Aisha Gambo, Charles Chukwuemeka, Emir of Zazzau, Mohammed Badugu in September-October Issue
    Africa2 months ago

    Pleasures Magazine Highlights African Industrial Conference & Awards (AIDCA), Features Aisha Gambo, Charles Chukwuemeka, Emir of Zazzau, Mohammed Badugu in September-October Issue

    The September/October 2022 issue of Luxury and Business PLEASURES Magazine (www.PleasuresMagazine.com.ng) highlights the African Industrial Conference and the 2022 #AIDCA Awards, won by Her Majesty Ogiame Atuwatse III, the Olu of Warri , Emir of Zazzau, His Highness, Amb. Ahmed Nuhu Bamalli, Overseer General of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, and Group CEO of The Nigerian National Petroleum Company Limited (NNPC Ltd), Malam Mele Kolo Kyari, among others.

    The air of glitz that radiated from the epoch-making event echoed far beyond the shores of Nigeria as the winners won grand prizes supported by eminent personalities such as Her Excellency, Arc. Namadi Sambo, Former Vice President of Nigeria, Chief of the Naval Staff, Vice Rear Admiral Awwal Zubairu GamboSr. John Asein, CEO, Nigerian Copyright Commission (NCC), Senator Andy Ubah, Dr. Ibukun Adebayo (CEO - Rock Realty Limited), Dr. Umaru Abdul Mutallab, Chairman, Jaiz Bank Plc, and Bashir Ahmed (Assistant special on digital communications of President Buhari).

    Other dignitaries among those who attended the event also included Inimfon Etuk (Founder, She Forum Africa), Her Excellency Alayingi Sylva, wife of the Minister of Petroleum, Hon. Kabir Tukura Ibrahim, Member of the House of Representatives, Zuru/Fakai/Danko-Wasagu/Sakaba Federal Constituency of Kebbi Stat, Ahmed Modibbo, General Manager, Highland Disc Acquisition Co. Ltd., Ing. Ali Rabiu, Council for the Engineering Regulation in Nigeria (COREN), Mr. Oke Afolabi, CEO/Managing Director, Global Infoswift Technologies, Abba Bello (Dan Adalan Katsina), MD/CEO Nigerian Export Import Bank (NEXIM Bank), Prof. Mohammed Nasir Sambo, Executive Secretary/CEO of the National Health Insurance Scheme (NHIS), Mohammed Sani Sidi, MFR, former Director General of the National Emergency Management Agency (NEMA) and Alhaji Lawal Bindawa (Zannan Katsina).

    Warri's Olu emerged as the AIDCA Humanitarian Royal Father of the Year after coming top in an online vote, while His Highness Emir of Zazzau took the AIDCA Outstanding Peacemaker/Traditional Ruler Award.

    Year of AIDCA.

    Similarly, Mele Kolo Kyari won the 2022 AIDA Outstanding Industrial Revolution Leader of the Year award, and Pastor Enoch Adeboye emerged as the 2022 AIDA Outstanding Clergy/Humanitarian of the Year. The AIDCA Award which took place at Transcorp Hilton Hotel Abuja was held with the theme: "Enabling Transformation in the Digital Economy".

    At the well-attended creme de la creme event, Dr. Ibrahim Bello Dauda, ​​director general of the Sahelian Center for Leadership and Development and national head of the All Progressives Congress (APC), won the Outstanding Exemplary Leader award from the Year 2022, while Charles Chukwuemeka, CEO of Tent Group Limited, emerged as AIDA's Outstanding Real Estate Company of the Year 2022.

    Hajiya Nana Aisha Gambo, the wife of Vice Admiral Awwal Zubairu Gambo, currently serving as the National President of Naval Officers' Wives Association (NOWA), Hajia Aisha Bagudu - Founder, Mallpai Foundation and First Lady of Kebbi State, the former first arch lady of Benue state.

    Yemisi Suswam (Ph.D., FNIA) won the 2022 Outstanding Humanitarian of the Year Award.

    Additionally, Afro Arab Group of Companies Chairman and CEO, Ambassador Alhaji Salamu Amadu, took home the 2022 AIDA Entrepreneur of The Year Award, while Dr. Lola Bayode, founder of the Dorian Home for Charity and Social Development, took home the AIDA Outstanding 2022 Humanitarian of the Year award.

    Meanwhile, Dr. Remi Duyile, President and CEO of Image Consulting Group, USA, won the AIDA Outstanding Diaspora Leader of The Year 2022 award.

    All honorees were widely accepted in their fields of activity as pioneers and bridge builders, with a history of excellence and a clear vision in leadership.

    AIDCA 2022 was packaged by Dotmount Communications Group in collaboration with Yahoo Finance, Associated Press and The Times of Jerusalem.

    It featured global thought leaders who shared ideas and discussed the latest development trends, economic issues, and experiences from different countries on the continent.

    www.dtcoms.com.

    www.PleasuresMagazine.com.ng

  •  Vice President Yemi Osinbajo is committed to ensuring that all targets set by the Federal Government within the Micro Small and Medium Enterprise MSMEs space are met an Aide says Tola Johnson Special Adviser to the President on Small and Medium Enterprises in Nigeria office of the Vice President spoke with State House correspondents on Thursday at the Presidential Villa Abuja He said that MSMEs Clinics partners met with the vice president to review the clinic with a view to addressing challenges and meeting set targets as the administration wound down Johnson said that the vice president meets with the partners once per quarter So the essence of this is just to continue with the tradition on meeting with the partners We are trying to find out from the partners if there are issues some of these issues that might militate against meeting our targets So the vice president said if there are any of such issues then we will look for a way of resolving them But for him what is most important is that all targets that we have set as a government within the MSMEs space must be met So as this administration is winding down we are trying to leave good notes and recommendations for the incoming administration he said Johnson said that henceforth more shared facilities and MSMEs Clinics would be inaugurated for states that had not been attended to According to him 30 states had been covered while the remaining six would be captured before the administration rounds off Outstanding shared facilities will be inaugurated some states have come to ask for one stop shops we will try and help with that We want to do as best as we can to ensure that we achieve most of our targets before the administration winds down Johnson said On his part Laolu Akande Senior Special Assistant to the President on Media and Publicity Office of the Vice President told State House correspondents that the vice president appreciated the key stakeholders for their input He said that Osinbajo expressed appreciation to the Minister of State for Industry Trade and Investment Maryam Katagum whom he described as the face of the MSMEs Clinics He also thanked the Special Adviser on the Economy Amb Adeyemi Dipeolu whom he observed actually developed the idea of the MSMEs alongside Johnson He also thanked the government agencies that have been driving all the policies of the administration regarding the MSMEs and also private sector partners especially Access Bank The vice president especially commended Access Bank for doing such a spectacular work in supporting the policy of the Federal Government especially MSMEs Clinics he said Akande said that the vice president noted that the MSMEs space in the economy was a very critical one He said Osinbajo acknowledged that MSMEs were at the heart of commerce and industry in any country If the MSMEs as a sector of the economy is doing well you could also say the economy is doing very well Which is why he said the president is very particular in developing effective programmes to support MSMES And to also ensure that whatever it is that the government is doing is scaled up so that there can be sufficient impact for whatever government is doing Akande said More so kayode Pitan Managing Director Bank of Industry BOI said there were about 41 3 million MSMEs in Nigeria Pitan listed some of the agencies supporting MSMEs as NAFDAC SON BOI CAC banks like Access Bank and NEXIM Bank among others all in a one stop shop arrangement NewsSourceCredit NAN
    Osinbajo wants all MSMEs targets met—Aide
     Vice President Yemi Osinbajo is committed to ensuring that all targets set by the Federal Government within the Micro Small and Medium Enterprise MSMEs space are met an Aide says Tola Johnson Special Adviser to the President on Small and Medium Enterprises in Nigeria office of the Vice President spoke with State House correspondents on Thursday at the Presidential Villa Abuja He said that MSMEs Clinics partners met with the vice president to review the clinic with a view to addressing challenges and meeting set targets as the administration wound down Johnson said that the vice president meets with the partners once per quarter So the essence of this is just to continue with the tradition on meeting with the partners We are trying to find out from the partners if there are issues some of these issues that might militate against meeting our targets So the vice president said if there are any of such issues then we will look for a way of resolving them But for him what is most important is that all targets that we have set as a government within the MSMEs space must be met So as this administration is winding down we are trying to leave good notes and recommendations for the incoming administration he said Johnson said that henceforth more shared facilities and MSMEs Clinics would be inaugurated for states that had not been attended to According to him 30 states had been covered while the remaining six would be captured before the administration rounds off Outstanding shared facilities will be inaugurated some states have come to ask for one stop shops we will try and help with that We want to do as best as we can to ensure that we achieve most of our targets before the administration winds down Johnson said On his part Laolu Akande Senior Special Assistant to the President on Media and Publicity Office of the Vice President told State House correspondents that the vice president appreciated the key stakeholders for their input He said that Osinbajo expressed appreciation to the Minister of State for Industry Trade and Investment Maryam Katagum whom he described as the face of the MSMEs Clinics He also thanked the Special Adviser on the Economy Amb Adeyemi Dipeolu whom he observed actually developed the idea of the MSMEs alongside Johnson He also thanked the government agencies that have been driving all the policies of the administration regarding the MSMEs and also private sector partners especially Access Bank The vice president especially commended Access Bank for doing such a spectacular work in supporting the policy of the Federal Government especially MSMEs Clinics he said Akande said that the vice president noted that the MSMEs space in the economy was a very critical one He said Osinbajo acknowledged that MSMEs were at the heart of commerce and industry in any country If the MSMEs as a sector of the economy is doing well you could also say the economy is doing very well Which is why he said the president is very particular in developing effective programmes to support MSMES And to also ensure that whatever it is that the government is doing is scaled up so that there can be sufficient impact for whatever government is doing Akande said More so kayode Pitan Managing Director Bank of Industry BOI said there were about 41 3 million MSMEs in Nigeria Pitan listed some of the agencies supporting MSMEs as NAFDAC SON BOI CAC banks like Access Bank and NEXIM Bank among others all in a one stop shop arrangement NewsSourceCredit NAN
    Osinbajo wants all MSMEs targets met—Aide
    Economy2 months ago

    Osinbajo wants all MSMEs targets met—Aide

    Vice-President Yemi Osinbajo is committed to ensuring that all targets set by the Federal Government within the Micro Small and Medium Enterprise(MSMEs) space are met, an Aide says.

    Tola Johnson, Special Adviser to the President on Small and Medium Enterprises in Nigeria, office of the Vice-President, spoke with State House correspondents on Thursday at the Presidential Villa, Abuja.

    He said that MSMEs Clinics partners met with the vice-president to review the clinic, with a view to addressing challenges and meeting set targets as the administration wound down.

    Johnson said that the vice-president meets with the partners once per quarter.

    “So, the essence of this is just to continue with the tradition on meeting with the partners.

    “We are trying to find out from the partners if there are issues–some of these issues that might militate against meeting our targets.

    “So, the vice-president said if there are any of such issues, then, we will look for a way of resolving them.

    “But for him, what is most important is that all targets that we have set as a government within the MSMEs space must be met.

    “So, as this administration is winding down, we are trying to leave good notes and recommendations for the incoming administration,”he said.

    Johnson said that henceforth, more shared facilities and MSMEs Clinics would be inaugurated for states that had not been attended to.

    According to him, 30 states had been covered while the remaining six would be captured before the administration rounds off.

    “Outstanding shared facilities will be inaugurated; some states have come to ask for one-stop-shops, we will try and help with that.

    “We want to do as best as we can to ensure that we achieve most of our targets before the administration winds down,’’ Johnson said.

    On his part, Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice-President, told State House correspondents that the vice-president appreciated the key stakeholders for their input.

    He said that Osinbajo expressed appreciation to the Minister of State for Industry, Trade and Investment, Maryam Katagum, whom he described as the face of the MSMEs Clinics.

    “He also thanked the Special Adviser on the Economy, Amb. Adeyemi Dipeolu, whom he observed, actually developed the idea of the MSMEs, alongside Johnson.

    “He also thanked the government agencies that have been driving all the policies of the administration regarding the MSMEs and also private sector partners, especially Access Bank. “ The vice-president especially commended Access Bank  for doing such a spectacular work in supporting the policy of the Federal Government especially MSMEs Clinics,”he said.

    Akande said that the vice-president noted that the MSMEs space in the economy was a very critical one.

    He said Osinbajo acknowledged that MSMEs were at the heart of commerce and industry in any country.

    “`If the MSMEs as a sector of the economy is doing well, you could also say the economy is doing very well.

    “Which is why he said the president is very particular in developing effective programmes to support MSMES.

    “And to also ensure that whatever it is that the government is doing is scaled up so that there can be sufficient impact for whatever government is doing,’’ Akande said.

    More so,  kayode Pitan, Managing Director, Bank of Industry(BOI), said there were about  41.3 million MSMEs in Nigeria.

    Pitan listed some of the agencies supporting MSMEs as NAFDAC, SON, BOI, CAC, banks like Access Bank and NEXIM Bank, among others, all in a one-stop-shop arrangement.


    NewsSourceCredit: NAN

  •   Harvests from Nigeria s global economic summit in New York Harvests from Nigeria s global economic summit in New York By Garba Shehu On Thursday last week the Nigeria International Economic Partnership Forum was held in Manhattan New York in the middle of the most important international event of the year the United Nations General Assembly UNGA The Forum was enormously popular attracting some 500 guests and delegates almost double the expected number While this resulted in a somewhat chaotic atmosphere at times the Forum was a resounding success a clear indication of investor confidence in Nigeria Nigeria is the biggest economy in Africa and seeks to raise GDP to USD 965 billion almost a trillion Dollars by 2027 Under President Muhammadu Buhari the nation has recorded marked progress in highways construction bridges railway power electrification and capacity addition in airports and their modernization As the President spoke making the determination of his government to open more and more sectors of the economy to the private sector a particular participant stunned not a few when he announced that he manages pension funds of USD 1 3 Trillion money well in excess Nigeria s current GDP five times over First well over a billion dollars worth of deals benefitting Nigeria and her partners were signed at the Forum including a 1 3 billion investment from Sun Africa for a new solar energy project 70 million ring fenced by Adryada and Noblesse Green Energy for a new biodiversity project strategic financing support for a new refinery on the Niger Delta announced by Honeywell UOP and a major philanthropic investment in data for Nigerian schools announced by Airtel Africa that would be setting up internet connection for 100 schools each year for five years running A highlight of the event was the Presidential Luncheon which saw Guest of Honour President Buhari joined by CEOs and Senior Executives from some of the largest and most prominent American and African companies including GE Chevron Honeywell Bell Flight Sun Africa McGraw Hill American Tower and many more The full guest list of participants included the American Tower Corporation Aveva Big Sun Holdings Citi CrossBoundry Group Cure Violence Global Entrust Educational Testing Service ExxonMobil GE Healthcare Gilead Sciences and Hello Tractor Also in attendance were Google McLarty Associates Medici Land Governance NBA Odum Capital Oracle Pearson Rendeavour Roche Seed Global Health Standard Bank UBA America the AfDB African EXIM Bank and its US equivalent Export Import Bank of United States headed by Reta Jo Lewis the first ever African American to lead the organization and the Jeddah based Islamic Development Bank IDB We had also in actual participation the World Food Program WFP the Food and Agriculture Organization FAO the International Fund for Agriculture IFAD and NEPAD agency for Africa Of course no one could have overlooked the overarching presence and actual participation of the Corporate Council of Africa whose current President Florie Liser addressed the meeting saying that the organization is pushing for a private sector roadmap to support investment in several sectors to aid economic growth in Nigeria Some of the this country s biggest corporations were also represented at the highest levels including but not limited to the great oil behemoth the NNPC Limited the Nigerian Ports Authority the NIPC NEXIM Bank Ndimi s Oriental Energy First Bank Airtel Flour Mills Nigeria the Fertilizer Producers Association of Nigeria the Pharmaceutical Manufacturers Association of Nigeria and so many others Interestingly there were also in attendance several young Nigerian entrepreneurs who are continually making their mark on the global business landscape After breakfast and the opening session we had the first plenary on Nigeria s economic outlook and the second one on high level conversations about scaling up international partnerships for Nigeria on the development drive Thereafter eight breakout sessions convened simultaneously for the real business that brought everyone here There was a thematic group seeking answers to important questions about growing Nigeria s agriculture for food security and access to export market It addressed questions of increased investment in fertilizer and urea opportunities for Nigeria EU partnerships in view of the Russia Ukraine war and such issues as the need for technology support and innovative financing mechanisms for agriculture Nigeria s Oil and Gas sector came under discussion with a focus on reforms results and the road ahead where international interest was canvassed for the two pipeline projects taking Nigeria s gas to Europe through Morocco and Algeria Awareness was also raised by the NNPC Limited on the dangers of crude oil to Nigeria and the world at large They called it blood oil The investment climate in Nigeria including systemic risk issues and the vistas of the African Continental Trade Agreement were also brought under focus Infrastructure opportunities in power clean energy transportation and water came under discussion as did the ways and means of increasing capital flows into Nigeria industrial financing international development financing and the road to greater financial inclusion Nigeria also brought for international discussion at this forum the quest for scaling up international resources for financing education in the continent as well the need for innovative deal making mechanisms to link government deal sponsors and international pools capital in the health sector There was also a very comprehensive discussion on the next steps for technology development emerging technologies satellite technology digital communication financing clean industries and the use of technology to combat insecurity There have been some of criticisms about the size of the venue and the number of guests it can only be said that those making those criticisms have never experienced New York during UNGA one of the world s busiest and most important international events attended yearly by world leaders from around the globe The President himself pointed to the significance of the representation at the forum when he said the beauty of this forum is that the Ministers responsible for all of these sectors are here today as are some of Nigeria s premier business leaders who are already excelling in these spaces There were some who criticized the quality of speakers at the Forum With a lineup that included the President himself the country s most senior ministers and the most senior executives from those prominent companies already mentioned these claims can only be described as inaccurate As for those bandying around other names of supposed speakers who did not attend they are merely misinformed and taking their information from a dated draft list of potential invitees not from the final list Sadly there are those who will always seek to criticize Nigeria for their own political gain and put her down even in moments of her greatest success The resoundingly successful Nigeria International Economic Partnership Forum is a clear example We look forward to an equally successful repeat next year Nigeria has everyone to thank for this successful program and not least in this category is the Chief of Staff to the President Professor Ibrahim Gambari a veteran of the UN and global systems who was the linchpin of the entire event www ng Shehu is the Senior Special Assistant to the President on Media and Publicity NewsSourceCredit NAN
    Harvests from Nigeria’s global economic summit in New York
      Harvests from Nigeria s global economic summit in New York Harvests from Nigeria s global economic summit in New York By Garba Shehu On Thursday last week the Nigeria International Economic Partnership Forum was held in Manhattan New York in the middle of the most important international event of the year the United Nations General Assembly UNGA The Forum was enormously popular attracting some 500 guests and delegates almost double the expected number While this resulted in a somewhat chaotic atmosphere at times the Forum was a resounding success a clear indication of investor confidence in Nigeria Nigeria is the biggest economy in Africa and seeks to raise GDP to USD 965 billion almost a trillion Dollars by 2027 Under President Muhammadu Buhari the nation has recorded marked progress in highways construction bridges railway power electrification and capacity addition in airports and their modernization As the President spoke making the determination of his government to open more and more sectors of the economy to the private sector a particular participant stunned not a few when he announced that he manages pension funds of USD 1 3 Trillion money well in excess Nigeria s current GDP five times over First well over a billion dollars worth of deals benefitting Nigeria and her partners were signed at the Forum including a 1 3 billion investment from Sun Africa for a new solar energy project 70 million ring fenced by Adryada and Noblesse Green Energy for a new biodiversity project strategic financing support for a new refinery on the Niger Delta announced by Honeywell UOP and a major philanthropic investment in data for Nigerian schools announced by Airtel Africa that would be setting up internet connection for 100 schools each year for five years running A highlight of the event was the Presidential Luncheon which saw Guest of Honour President Buhari joined by CEOs and Senior Executives from some of the largest and most prominent American and African companies including GE Chevron Honeywell Bell Flight Sun Africa McGraw Hill American Tower and many more The full guest list of participants included the American Tower Corporation Aveva Big Sun Holdings Citi CrossBoundry Group Cure Violence Global Entrust Educational Testing Service ExxonMobil GE Healthcare Gilead Sciences and Hello Tractor Also in attendance were Google McLarty Associates Medici Land Governance NBA Odum Capital Oracle Pearson Rendeavour Roche Seed Global Health Standard Bank UBA America the AfDB African EXIM Bank and its US equivalent Export Import Bank of United States headed by Reta Jo Lewis the first ever African American to lead the organization and the Jeddah based Islamic Development Bank IDB We had also in actual participation the World Food Program WFP the Food and Agriculture Organization FAO the International Fund for Agriculture IFAD and NEPAD agency for Africa Of course no one could have overlooked the overarching presence and actual participation of the Corporate Council of Africa whose current President Florie Liser addressed the meeting saying that the organization is pushing for a private sector roadmap to support investment in several sectors to aid economic growth in Nigeria Some of the this country s biggest corporations were also represented at the highest levels including but not limited to the great oil behemoth the NNPC Limited the Nigerian Ports Authority the NIPC NEXIM Bank Ndimi s Oriental Energy First Bank Airtel Flour Mills Nigeria the Fertilizer Producers Association of Nigeria the Pharmaceutical Manufacturers Association of Nigeria and so many others Interestingly there were also in attendance several young Nigerian entrepreneurs who are continually making their mark on the global business landscape After breakfast and the opening session we had the first plenary on Nigeria s economic outlook and the second one on high level conversations about scaling up international partnerships for Nigeria on the development drive Thereafter eight breakout sessions convened simultaneously for the real business that brought everyone here There was a thematic group seeking answers to important questions about growing Nigeria s agriculture for food security and access to export market It addressed questions of increased investment in fertilizer and urea opportunities for Nigeria EU partnerships in view of the Russia Ukraine war and such issues as the need for technology support and innovative financing mechanisms for agriculture Nigeria s Oil and Gas sector came under discussion with a focus on reforms results and the road ahead where international interest was canvassed for the two pipeline projects taking Nigeria s gas to Europe through Morocco and Algeria Awareness was also raised by the NNPC Limited on the dangers of crude oil to Nigeria and the world at large They called it blood oil The investment climate in Nigeria including systemic risk issues and the vistas of the African Continental Trade Agreement were also brought under focus Infrastructure opportunities in power clean energy transportation and water came under discussion as did the ways and means of increasing capital flows into Nigeria industrial financing international development financing and the road to greater financial inclusion Nigeria also brought for international discussion at this forum the quest for scaling up international resources for financing education in the continent as well the need for innovative deal making mechanisms to link government deal sponsors and international pools capital in the health sector There was also a very comprehensive discussion on the next steps for technology development emerging technologies satellite technology digital communication financing clean industries and the use of technology to combat insecurity There have been some of criticisms about the size of the venue and the number of guests it can only be said that those making those criticisms have never experienced New York during UNGA one of the world s busiest and most important international events attended yearly by world leaders from around the globe The President himself pointed to the significance of the representation at the forum when he said the beauty of this forum is that the Ministers responsible for all of these sectors are here today as are some of Nigeria s premier business leaders who are already excelling in these spaces There were some who criticized the quality of speakers at the Forum With a lineup that included the President himself the country s most senior ministers and the most senior executives from those prominent companies already mentioned these claims can only be described as inaccurate As for those bandying around other names of supposed speakers who did not attend they are merely misinformed and taking their information from a dated draft list of potential invitees not from the final list Sadly there are those who will always seek to criticize Nigeria for their own political gain and put her down even in moments of her greatest success The resoundingly successful Nigeria International Economic Partnership Forum is a clear example We look forward to an equally successful repeat next year Nigeria has everyone to thank for this successful program and not least in this category is the Chief of Staff to the President Professor Ibrahim Gambari a veteran of the UN and global systems who was the linchpin of the entire event www ng Shehu is the Senior Special Assistant to the President on Media and Publicity NewsSourceCredit NAN
    Harvests from Nigeria’s global economic summit in New York
    Features2 months ago

    Harvests from Nigeria’s global economic summit in New York

    Harvests from Nigeria’s global economic summit in New York Harvests from Nigeria’s global economic summit in New York By Garba Shehu On Thursday last week, the Nigeria International Economic Partnership Forum was held in Manhattan, New York in the middle of the most important international event of the year: the United Nations General Assembly (UNGA).

    The Forum was enormously popular, attracting some 500 guests and delegates – almost double the expected number.

    While this resulted in a somewhat chaotic atmosphere at times, the Forum was a resounding success: a clear indication of investor confidence in Nigeria.

    Nigeria is the biggest economy in Africa and seeks to raise GDP to USD 965 billion-almost a trillion Dollars by 2027. Under President Muhammadu Buhari, the nation has recorded marked progress in highways construction, bridges, railway, power, electrification and capacity addition in airports and their modernization.

    As the President spoke, making the determination of his government to open more and more sectors of the economy to the private sector, a particular participant stunned, not a few when he announced that he manages pension funds of USD 1.3 Trillion, money well in excess Nigeria’s current GDP, five times over.

    First, well over a billion dollars’ worth of deals benefitting Nigeria and her partners were signed at the Forum, including a $1.3 billion investment from Sun Africa for a new solar energy project; $70 million ring-fenced by Adryada and Noblesse Green Energy for a new biodiversity project; strategic financing support for a new refinery on the Niger Delta announced by Honeywell UOP; and a major philanthropic investment in data for Nigerian schools announced by Airtel Africa that would be setting up internet connection for 100 schools each year for five years running.

    A highlight of the event was the Presidential Luncheon, which saw Guest of Honour President Buhari joined by CEOs and Senior Executives from some of the largest and most prominent American and African companies, including GE, Chevron, Honeywell, Bell Flight, Sun Africa, McGraw Hill, American Tower and many more.

    The full guest list of participants included the American Tower Corporation, Aveva, Big Sun Holdings, Citi, CrossBoundry Group, Cure Violence Global, Entrust, Educational Testing Service, ExxonMobil , GE Healthcare,Gilead Sciences and Hello Tractor.

    Also in attendance were Google, McLarty Associates,Medici Land Governance, NBA, Odum Capital, Oracle, Pearson,Rendeavour, Roche,Seed Global Health, Standard Bank,, UBA America, the AfDB, African EXIM Bank and its US equivalent, Export Import Bank of United States, headed by Reta Jo Lewis, the first ever African-American to lead the organization, and the Jeddah-based Islamic Development Bank, IDB.

    We had also in actual participation, the World Food Program, WFP, the Food and Agriculture Organization, FAO, the International Fund for Agriculture, IFAD and NEPAD agency for Africa.

    Of course no one could have overlooked the overarching presence and actual participation of the Corporate Council of Africa whose current President, Florie Liser addressed the meeting, saying that the organization is pushing for a private sector roadmap to support investment in several sectors to aid economic growth in Nigeria.

    Some of the this country’s biggest corporations were also represented at the highest levels, including, but not limited to the great oil behemoth, the NNPC Limited, the Nigerian Ports Authority, the NIPC, NEXIM Bank, Ndimi’s Oriental Energy, First Bank, Airtel, Flour Mills Nigeria, the Fertilizer Producers Association of Nigeria, the Pharmaceutical Manufacturers Association of Nigeria and so many others.

    Interestingly, there were also in attendance, several young Nigerian entrepreneurs who are continually making their mark on the global business landscape.

    After breakfast and the opening session, we had the first plenary on Nigeria’s economic outlook and the second one on high level conversations about scaling up international partnerships for Nigeria on the development drive.

    Thereafter, eight breakout sessions convened simultaneously for the real business that brought everyone here.

    There was a thematic group seeking answers to important questions about growing Nigeria’s agriculture for food security and access to export market.

    It addressed questions of increased investment in fertilizer and urea, opportunities for Nigeria-EU partnerships in view of the Russia-Ukraine war and such issues as the need for technology support and innovative financing mechanisms for agriculture.

    Nigeria’s Oil and Gas sector came under discussion with a focus on “reforms, results and the road ahead,” where international interest was canvassed for the two pipeline projects taking Nigeria’s gas to Europe through Morocco and Algeria.

    Awareness was also raised by the NNPC Limited on the dangers of crude oil to Nigeria and the world at large.

    They called it “blood oil.

    ” The investment climate in Nigeria including systemic risk issues and the vistas of the African Continental Trade Agreement were also brought under focus.

    Infrastructure opportunities in power, clean energy, transportation and water came under discussion, as did the ways and means of increasing capital flows into Nigeria, industrial financing, international development financing and the road to greater financial inclusion.

    Nigeria also brought for international discussion at this forum, the quest for scaling up international resources for financing education in the continent as well the need for innovative deal-making mechanisms to link government, deal sponsors and international pools capital in the health sector.

    There was also a very comprehensive discussion on the next steps for technology development: emerging technologies, satellite technology, digital communication, financing clean industries and the use of technology to combat insecurity.

    There have been some of criticisms about the size of the venue and the number of guests; it can only be said that those making those criticisms have never experienced New York during UNGA – one of the world’s busiest and most important international events attended yearly by world leaders from around the globe.

    The President himself pointed to the significance of the representation at the forum when he said “ the beauty of this forum is that the Ministers responsible for all of these sectors are here today, as are some of Nigeria’s premier business leaders who are already excelling in these spaces.

    ” There were some who criticized the quality of speakers at the Forum.

    With a lineup that included the President himself, the country’s most senior ministers and the most senior executives from those prominent companies already mentioned, these claims can only be described as inaccurate.

    As for those bandying around other names of supposed speakers who did not attend, they are merely misinformed, and taking their information from a dated, draft list of potential invitees – not from the final list.

    Sadly, there are those who will always seek to criticize Nigeria for their own political gain and put her down even in moments of her greatest success.

    The resoundingly successful Nigeria International Economic Partnership Forum is a clear example.

    We look forward to an equally successful repeat next year.

    Nigeria has everyone to thank for this successful program, and not least in this category is the Chief of Staff to the President, Professor Ibrahim Gambari, a veteran of the UN and global systems who was the linchpin of the entire event.

    www.

    ng *Shehu is the Senior Special Assistant to the President on Media and Publicity.                


    NewsSourceCredit: NAN

  •   Harvest from Nigeria s global economic summit in New York by Garba Shehu Harvest from Nigeria s global economic summit in New York by Garba Shehu On Thursday last week the Nigeria International Economic Partnership Forum was held in Manhattan New York in the middle of the most important international event of the year the United Nations General Assembly UNGA The Forum was enormously popular attracting some 500 guests and delegates almost double the expected number While this resulted in a somewhat chaotic atmosphere at times the Forum was a resounding success a clear indication of investor confidence in Nigeria Nigeria is the biggest economy in Africa and seeks to raise GDP to USD 965 billion almost a trillion Dollars by 2027 Under President Muhammadu Buhari the nation has recorded marked progress in highways construction bridges railway power electrification and capacity addition in airports and their modernization As the President spoke making the determination of his government to open more and more sectors of the economy to the private sector a particular participant stunned not a few when he announced that he manages pension funds of USD 1 3 Trillion money well in excess Nigeria s current GDP five times over First well over a billion dollars worth of deals benefitting Nigeria and her partners were signed at the Forum including a 1 3 billion investment from Sun Africa for a new solar energy project 70 million ring fenced by Adryada and Noblesse Green Energy for a new biodiversity project strategic financing support for a new refinery on the Niger Delta announced by Honeywell UOP and a major philanthropic investment in data for Nigerian schools announced by Airtel Africa that would be setting up internet connection for 100 schools each year for five years running A highlight of the event was the Presidential Luncheon which saw Guest of Honour President Buhari joined by CEOs and Senior Executives from some of the largest and most prominent American and African companies including GE Chevron Honeywell Bell Flight Sun Africa McGraw Hill American Tower and many more The full guest list of participants included the American Tower Corporation Aveva Big Sun Holdings Citi CrossBoundry Group Cure Violence Global Entrust Educational Testing Service ExxonMobil GE Healthcare Gilead Sciences and Hello Tractor Also in attendance were Google McLarty Associates Medici Land Governance NBA Odum Capital Oracle Pearson Rendeavour Roche Seed Global Health Standard Bank UBA America the AfDB African EXIM Bank and its US equivalent Export Import Bank of United States headed by Reta Jo Lewis the first ever African American to lead the organization and the Jeddah based Islamic Development Bank IDB We had also in actual participation the World Food Program WFP the Food and Agriculture Organization FAO the International Fund for Agriculture IFAD and NEPAD agency for Africa Of course no one could have overlooked the overarching presence and actual participation of the Corporate Council of Africa whose current President Florie Liser addressed the meeting saying that the organization is pushing for a private sector roadmap to support investment in several sectors to aid economic growth in Nigeria Some of the this country s biggest corporations were also represented at the highest levels including but not limited to the great oil behemoth the NNPC Limited the Nigerian Ports Authority the NIPC NEXIM Bank Ndimi s Oriental Energy First Bank Airtel Flour Mills Nigeria the Fertilizer Producers Association of Nigeria the Pharmaceutical Manufacturers Association of Nigeria and so many others Interestingly there were also in attendance several young Nigerian entrepreneurs who are continually making their mark on the global business landscape After breakfast and the opening session we had the first plenary on Nigeria s economic outlook and the second one on high level conversations about scaling up international partnerships for Nigeria on the development drive Thereafter eight breakout sessions convened simultaneously for the real business that brought everyone here There was a thematic group seeking answers to important questions about growing Nigeria s agriculture for food security and access to export market It addressed questions of increased investment in fertilizer and urea opportunities for Nigeria EU partnerships in view of the Russia Ukraine war and such issues as the need for technology support and innovative financing mechanisms for agriculture Nigeria s Oil and Gas sector came under discussion with a focus on reforms results and the road ahead where international interest was canvassed for the two pipeline projects taking Nigeria s gas to Europe through Morocco and Algeria Awareness was also raised by the NNPC Limited on the dangers of crude oil to Nigeria and the world at large They called it blood oil The investment climate in Nigeria including systemic risk issues and the vistas of the African Continental Trade Agreement were also brought under focus Infrastructure opportunities in power clean energy transportation and water came under discussion as did the ways and means of increasing capital flows into Nigeria industrial financing international development financing and the road to greater financial inclusion Nigeria also brought for international discussion at this forum the quest for scaling up international resources for financing education in the continent as well the need for innovative deal making mechanisms to link government deal sponsors and international pools capital in the health sector There was also a very comprehensive discussion on the next steps for technology development emerging technologies satellite technology digital communication financing clean industries and the use of technology to combat insecurity There have been some of criticisms about the size of the venue and the number of guests it can only be said that those making those criticisms have never experienced New York during UNGA one of the world s busiest and most important international events attended yearly by world leaders from around the globe The President himself pointed to the significance of the representation at the forum when he said the beauty of this forum is that the Ministers responsible for all of these sectors are here today as are some of Nigeria s premier business leaders who are already excelling in these spaces There were some who criticized the quality of speakers at the Forum With a lineup that included the President himself the country s most senior ministers and the most senior executives from those prominent companies already mentioned these claims can only be described as inaccurate As for those bandying around other names of supposed speakers who did not attend they are merely misinformed and taking their information from a dated draft list of potential invitees not from the final list Sadly there are those who will always seek to criticize Nigeria for their own political gain and put her down even in moments of her greatest success The resoundingly successful Nigeria International Economic Partnership Forum is a clear example We look forward to an equally successful repeat next year Nigeria has everyone to thank for this successful program and not least in this category is the Chief of Staff to the President Professor Ibrahim Gambari a veteran of the UN and global systems who was the linchpin of the entire event Garba Shehu is the Senior Special Assistant to the President on Media and Publicity NewsSourceCredit NAN
    Harvest from Nigeria’s global economic summit in New York, by Garba Shehu
      Harvest from Nigeria s global economic summit in New York by Garba Shehu Harvest from Nigeria s global economic summit in New York by Garba Shehu On Thursday last week the Nigeria International Economic Partnership Forum was held in Manhattan New York in the middle of the most important international event of the year the United Nations General Assembly UNGA The Forum was enormously popular attracting some 500 guests and delegates almost double the expected number While this resulted in a somewhat chaotic atmosphere at times the Forum was a resounding success a clear indication of investor confidence in Nigeria Nigeria is the biggest economy in Africa and seeks to raise GDP to USD 965 billion almost a trillion Dollars by 2027 Under President Muhammadu Buhari the nation has recorded marked progress in highways construction bridges railway power electrification and capacity addition in airports and their modernization As the President spoke making the determination of his government to open more and more sectors of the economy to the private sector a particular participant stunned not a few when he announced that he manages pension funds of USD 1 3 Trillion money well in excess Nigeria s current GDP five times over First well over a billion dollars worth of deals benefitting Nigeria and her partners were signed at the Forum including a 1 3 billion investment from Sun Africa for a new solar energy project 70 million ring fenced by Adryada and Noblesse Green Energy for a new biodiversity project strategic financing support for a new refinery on the Niger Delta announced by Honeywell UOP and a major philanthropic investment in data for Nigerian schools announced by Airtel Africa that would be setting up internet connection for 100 schools each year for five years running A highlight of the event was the Presidential Luncheon which saw Guest of Honour President Buhari joined by CEOs and Senior Executives from some of the largest and most prominent American and African companies including GE Chevron Honeywell Bell Flight Sun Africa McGraw Hill American Tower and many more The full guest list of participants included the American Tower Corporation Aveva Big Sun Holdings Citi CrossBoundry Group Cure Violence Global Entrust Educational Testing Service ExxonMobil GE Healthcare Gilead Sciences and Hello Tractor Also in attendance were Google McLarty Associates Medici Land Governance NBA Odum Capital Oracle Pearson Rendeavour Roche Seed Global Health Standard Bank UBA America the AfDB African EXIM Bank and its US equivalent Export Import Bank of United States headed by Reta Jo Lewis the first ever African American to lead the organization and the Jeddah based Islamic Development Bank IDB We had also in actual participation the World Food Program WFP the Food and Agriculture Organization FAO the International Fund for Agriculture IFAD and NEPAD agency for Africa Of course no one could have overlooked the overarching presence and actual participation of the Corporate Council of Africa whose current President Florie Liser addressed the meeting saying that the organization is pushing for a private sector roadmap to support investment in several sectors to aid economic growth in Nigeria Some of the this country s biggest corporations were also represented at the highest levels including but not limited to the great oil behemoth the NNPC Limited the Nigerian Ports Authority the NIPC NEXIM Bank Ndimi s Oriental Energy First Bank Airtel Flour Mills Nigeria the Fertilizer Producers Association of Nigeria the Pharmaceutical Manufacturers Association of Nigeria and so many others Interestingly there were also in attendance several young Nigerian entrepreneurs who are continually making their mark on the global business landscape After breakfast and the opening session we had the first plenary on Nigeria s economic outlook and the second one on high level conversations about scaling up international partnerships for Nigeria on the development drive Thereafter eight breakout sessions convened simultaneously for the real business that brought everyone here There was a thematic group seeking answers to important questions about growing Nigeria s agriculture for food security and access to export market It addressed questions of increased investment in fertilizer and urea opportunities for Nigeria EU partnerships in view of the Russia Ukraine war and such issues as the need for technology support and innovative financing mechanisms for agriculture Nigeria s Oil and Gas sector came under discussion with a focus on reforms results and the road ahead where international interest was canvassed for the two pipeline projects taking Nigeria s gas to Europe through Morocco and Algeria Awareness was also raised by the NNPC Limited on the dangers of crude oil to Nigeria and the world at large They called it blood oil The investment climate in Nigeria including systemic risk issues and the vistas of the African Continental Trade Agreement were also brought under focus Infrastructure opportunities in power clean energy transportation and water came under discussion as did the ways and means of increasing capital flows into Nigeria industrial financing international development financing and the road to greater financial inclusion Nigeria also brought for international discussion at this forum the quest for scaling up international resources for financing education in the continent as well the need for innovative deal making mechanisms to link government deal sponsors and international pools capital in the health sector There was also a very comprehensive discussion on the next steps for technology development emerging technologies satellite technology digital communication financing clean industries and the use of technology to combat insecurity There have been some of criticisms about the size of the venue and the number of guests it can only be said that those making those criticisms have never experienced New York during UNGA one of the world s busiest and most important international events attended yearly by world leaders from around the globe The President himself pointed to the significance of the representation at the forum when he said the beauty of this forum is that the Ministers responsible for all of these sectors are here today as are some of Nigeria s premier business leaders who are already excelling in these spaces There were some who criticized the quality of speakers at the Forum With a lineup that included the President himself the country s most senior ministers and the most senior executives from those prominent companies already mentioned these claims can only be described as inaccurate As for those bandying around other names of supposed speakers who did not attend they are merely misinformed and taking their information from a dated draft list of potential invitees not from the final list Sadly there are those who will always seek to criticize Nigeria for their own political gain and put her down even in moments of her greatest success The resoundingly successful Nigeria International Economic Partnership Forum is a clear example We look forward to an equally successful repeat next year Nigeria has everyone to thank for this successful program and not least in this category is the Chief of Staff to the President Professor Ibrahim Gambari a veteran of the UN and global systems who was the linchpin of the entire event Garba Shehu is the Senior Special Assistant to the President on Media and Publicity NewsSourceCredit NAN
    Harvest from Nigeria’s global economic summit in New York, by Garba Shehu
    General news2 months ago

    Harvest from Nigeria’s global economic summit in New York, by Garba Shehu

    Harvest from Nigeria’s global economic summit in New York, by Garba Shehu Harvest from Nigeria’s global economic summit in New York, by Garba Shehu  On Thursday last week, the Nigeria International Economic Partnership Forum was held in Manhattan, New York in the middle of the most important international event of the year: the United Nations General Assembly (UNGA). 

    The Forum was enormously popular, attracting some 500 guests and delegates – almost double the expected number.

    While this resulted in a somewhat chaotic atmosphere at times, the Forum was a resounding success: a clear indication of investor confidence in Nigeria.

    Nigeria is the biggest economy in Africa and seeks to raise GDP to USD 965 billion-almost a trillion Dollars by 2027.Under President Muhammadu Buhari, the nation has recorded marked progress in highways construction, bridges, railway, power, electrification and capacity addition in airports and their modernization. 

    As the President spoke, making the determination of his government to open more and more sectors of the economy to the private sector, a particular participant stunned, not a few when he announced that he manages pension funds of USD 1.3 Trillion, money well in excess Nigeria’s current GDP, five times over.

    First, well over a billion dollars’ worth of deals benefitting Nigeria and her partners were signed at the Forum, including a $1.3 billion investment from Sun Africa for a new solar energy project; $70 million ring-fenced by Adryada and Noblesse Green Energy for a new biodiversity project; strategic financing support for a new refinery on the Niger Delta announced by Honeywell UOP; and a major philanthropic investment in data for Nigerian schools announced by Airtel Africa that would be setting up internet connection for 100 schools each year for five years running.

    A highlight of the event was the Presidential Luncheon, which saw Guest of Honour President Buhari joined by CEOs and Senior Executives from some of the largest and most prominent American and African companies, including GE, Chevron, Honeywell, Bell Flight, Sun Africa, McGraw Hill, American Tower and many more. 

    The full guest list of participants included the American Tower Corporation, Aveva, Big Sun Holdings, Citi, CrossBoundry Group, Cure Violence Global, Entrust, Educational Testing Service, ExxonMobil , GE Healthcare,Gilead Sciences and Hello Tractor.

    Also in attendance were Google, McLarty Associates,Medici Land Governance, NBA, Odum Capital, Oracle, Pearson,Rendeavour, Roche,Seed Global Health, Standard Bank,, UBA America, the AfDB, African EXIM Bank and its US equivalent, Export Import Bank of United States, headed by Reta Jo Lewis, the first ever African-American to lead the organization, and the Jeddah-based Islamic Development Bank, IDB.

    We had also in actual participation, the World Food Program, WFP, the Food and Agriculture Organization, FAO, the International Fund for Agriculture, IFAD and NEPAD agency for Africa.

    Of course no one could have overlooked the overarching presence and actual participation of the Corporate Council of Africa whose current President, Florie Liser addressed the meeting, saying that the organization is pushing for a private sector roadmap to support investment in several sectors to aid economic growth in Nigeria.

    Some of the this country’s biggest corporations were also represented at the highest levels, including, but not limited to the great oil behemoth, the NNPC Limited, the Nigerian Ports Authority, the NIPC, NEXIM Bank, Ndimi’s Oriental Energy, First Bank, Airtel, Flour Mills Nigeria, the Fertilizer Producers Association of Nigeria, the Pharmaceutical Manufacturers Association of Nigeria and so many others.

    Interestingly, there were also in attendance, several young Nigerian entrepreneurs who are continually making their mark on the global business landscape.

    After breakfast and the opening session, we had the first plenary on Nigeria’s economic outlook and the second one on high level conversations about scaling up international partnerships for Nigeria on the development drive.

    Thereafter, eight breakout sessions convened simultaneously for the real business that brought everyone here.

    There was a thematic group seeking answers to important questions about growing Nigeria’s agriculture for food security and access to export market.

    It addressed questions of increased investment in fertilizer and urea, opportunities for Nigeria-EU partnerships in view of the Russia-Ukraine war and such issues as the need for technology support and innovative financing mechanisms for agriculture.

    Nigeria’s Oil and Gas sector came under discussion with a focus on “reforms, results and the road ahead,” where international interest was canvassed for the two pipeline projects taking Nigeria’s gas to Europe through Morocco and Algeria.

    Awareness was also raised by the NNPC Limited on the dangers of crude oil to Nigeria and the world at large.

    They called it “blood oil.

    ”The investment climate in Nigeria including systemic risk issues and the vistas of the African Continental Trade Agreement were also brought under focus.

    Infrastructure opportunities in power, clean energy, transportation and water came under discussion, as did the ways and means of increasing capital flows into Nigeria, industrial financing, international development financing and the road to greater financial inclusion.

    Nigeria also brought for international discussion at this forum, the quest for scaling up international resources for financing education in the continent as well the need for innovative deal-making mechanisms to link government, deal sponsors and international pools capital in the health sector.

    There was also a very comprehensive discussion on the next steps for technology development: emerging technologies, satellite technology, digital communication, financing clean industries and the use of technology to combat insecurity.

    There have been some of criticisms about the size of the venue and the number of guests; it can only be said that those making those criticisms have never experienced New York during UNGA – one of the world’s busiest and most important international events attended yearly by world leaders from around the globe. 

    The President himself pointed to the significance of the representation at the forum when he said “ the beauty of this forum is that the Ministers responsible for all of these sectors are here today, as are some of Nigeria’s premier business leaders who are already excelling in these spaces.

    ”There were some who criticized the quality of speakers at the Forum.

    With a lineup that included the President himself, the country’s most senior ministers and the most senior executives from those prominent companies already mentioned, these claims can only be described as inaccurate.

    As for those bandying around other names of supposed speakers who did not attend, they are merely misinformed, and taking their information from a dated, draft list of potential invitees – not from the final list. 

    Sadly, there are those who will always seek to criticize Nigeria for their own political gain and put her down even in moments of her greatest success.

    The resoundingly successful Nigeria International Economic Partnership Forum is a clear example.

    We look forward to an equally successful repeat next year.

    Nigeria has everyone to thank for this successful program, and not least in this category is the Chief of Staff to the President, Professor Ibrahim Gambari, a veteran of the UN and global systems who was the linchpin of the entire event.

    Garba Shehu is the Senior Special Assistant to the President on Media and Publicity
    NewsSourceCredit: NAN

  •  Mr Muyiwa Akinyemi the Deputy Managing Director United Bank for Africa Plc has advised the Federal Government to take advantage of the opportunities in the creative industry for sustainable export earnings Akinyemi gave the advice at the annual conference of the Finance Correspondents Association of Nigeria FICAN with the theme Boosting Domestic Capacity for Sustainable Export Earnings in Lagos He said that the country s creative industry was the second biggest growing industry in the world spurred by the emerging digital trends in technology Historically some of us grew up in Nigeria with the groundnut pyramids in Kano cocoa house in Ibadan and a few other places like that but over time when we discovered the black gold we abandoned those our primary commodities And what I see happening now is that we are moving to the third revolution of exports japa syndrome So that is knowledge export that is happening right now and not only is it happening in that space you also have a technology revolution as well Innovation Hub in Yaba portends a large pool of intelligent guys building things in the Fintech and technology world that is not even recognised but it s a huge potential full of export business We are in that technology space wherein Nigeria needs to take advantage of it he said Akinyemi noted that 200 exporters were responsible for 95 per cent of the 4 2 billion the country earned from non oil export in 2021 The 4 2 billion achieved in 2021 did not include informal exports largely in the wholesale trading in some sectors such as information technology entertainment and solid minerals he said Akinyemi urged the government to also talk about the creative industry the same way it was speaking about export commodities and crude oil He said most countries you go to in Africa today or globally when you talk about Nollywood its second biggest industry Music Wizkid D banj Burna boy all huge export earnings that we have not taken advantage of The knowledge and the creative skills is the third wave of export business we are seeing in Nigeria today How are we supporting those young stars It is not just to talk about them on Facebook or Instagram it s about how do we harness those capacity and build it to an industry that will generate massive earnings for us Akinyemi commended NEXIM NEPC for what they were doing as well as incentives given by the Central Bank of Nigeria and rebate scheme launched to boost export earnings He however said that should be done from the fiscal perspective for economic growth and development NewsSourceCredit NAN
    Creative industry can boost Nigeria’s export earnings – UBA DMD
     Mr Muyiwa Akinyemi the Deputy Managing Director United Bank for Africa Plc has advised the Federal Government to take advantage of the opportunities in the creative industry for sustainable export earnings Akinyemi gave the advice at the annual conference of the Finance Correspondents Association of Nigeria FICAN with the theme Boosting Domestic Capacity for Sustainable Export Earnings in Lagos He said that the country s creative industry was the second biggest growing industry in the world spurred by the emerging digital trends in technology Historically some of us grew up in Nigeria with the groundnut pyramids in Kano cocoa house in Ibadan and a few other places like that but over time when we discovered the black gold we abandoned those our primary commodities And what I see happening now is that we are moving to the third revolution of exports japa syndrome So that is knowledge export that is happening right now and not only is it happening in that space you also have a technology revolution as well Innovation Hub in Yaba portends a large pool of intelligent guys building things in the Fintech and technology world that is not even recognised but it s a huge potential full of export business We are in that technology space wherein Nigeria needs to take advantage of it he said Akinyemi noted that 200 exporters were responsible for 95 per cent of the 4 2 billion the country earned from non oil export in 2021 The 4 2 billion achieved in 2021 did not include informal exports largely in the wholesale trading in some sectors such as information technology entertainment and solid minerals he said Akinyemi urged the government to also talk about the creative industry the same way it was speaking about export commodities and crude oil He said most countries you go to in Africa today or globally when you talk about Nollywood its second biggest industry Music Wizkid D banj Burna boy all huge export earnings that we have not taken advantage of The knowledge and the creative skills is the third wave of export business we are seeing in Nigeria today How are we supporting those young stars It is not just to talk about them on Facebook or Instagram it s about how do we harness those capacity and build it to an industry that will generate massive earnings for us Akinyemi commended NEXIM NEPC for what they were doing as well as incentives given by the Central Bank of Nigeria and rebate scheme launched to boost export earnings He however said that should be done from the fiscal perspective for economic growth and development NewsSourceCredit NAN
    Creative industry can boost Nigeria’s export earnings – UBA DMD
    Economy2 months ago

    Creative industry can boost Nigeria’s export earnings – UBA DMD

    Mr Muyiwa Akinyemi, the Deputy Managing Director, United Bank for Africa Plc, has advised the Federal Government to take advantage of the opportunities in the creative industry for sustainable export earnings.

    Akinyemi gave the advice at the annual conference of the Finance Correspondents Association of Nigeria (FICAN) with the theme: “Boosting Domestic Capacity for Sustainable Export Earnings,” in Lagos.

    He said that the country’s creative industry was the second biggest growing industry in the world spurred by the emerging digital trends in technology.

    “Historically, some of us grew up in Nigeria with the groundnut pyramids in Kano, cocoa house in Ibadan and a few other places like that, but over time, when we discovered the black gold, we abandoned those our primary commodities.

    “And what I see happening now is that we are moving to the third revolution of exports, ‘japa syndrome’.

    So, that is knowledge export that is happening right now and not only is it happening in that space, you also have a technology revolution as well.

    “Innovation Hub in Yaba portends a large pool of intelligent guys building things in the Fintech and technology world that is not even recognised; but it’s a huge potential full of export business.

    We are in that technology space wherein Nigeria needs to take advantage of it,’’ he said.

    Akinyemi noted that 200 exporters were responsible for 95 per cent of the $4.2 billion the country earned from non-oil export in 2021. “The $4.2 billion achieved in 2021 did not include informal exports largely in the wholesale trading in some sectors such as information technology, entertainment and solid minerals,” he said.

    Akinyemi urged the government to also talk about the creative industry the same way it was speaking about export, commodities and crude oil.

    He said, “most countries you go to in Africa today or globally, when you talk about Nollywood, its second biggest industry.

    Music- Wizkid, D’ banj, Burna boy, all huge export earnings that we have not taken advantage of.

    “The knowledge and the creative skills is the third wave of export business we are seeing in Nigeria today.

    How are we supporting those young stars?

    “It is not just to talk about them on Facebook or Instagram, it’s about how do we harness those capacity and build it to an industry that will generate massive earnings for us.

    ’’ Akinyemi commended NEXIM, NEPC for what they were doing as well as incentives given by the Central Bank of Nigeria and rebate scheme launched to boost export earnings.

    He, however, said that should be done from the fiscal perspective for economic growth and development.


    NewsSourceCredit: NAN

  •  Pet Agro Farms a Nigerian based foreign firm says plans are on to invest about N150 million in Nigeria via production and processing of oil palm cashew and other agricultural production The agro firm said the initiative had become imperative in order to target the foreign market and earn forex into the country during the ongoing forex crisis in the country Ms Rehab Danladi Director Pet Agro Farm on Wednesday told the News Agency of NIgeria in an interview in Abuja that the farm was looking to start up with 40 plots of land in Kogi We are already working closely with the Bank of Industry for the local market production while talks are already ongoing with the NEXIM Bank to finance export There is need for us to go to backward integration now enough is enough for import while we process 80 per cent will be going into the export market while 20 per cent will be for the local market she explained According to the Director it s all about value chain as even wastes from these products from palm kernel soya bean and others can be converted to poultry feeds that will also boost poultry Farming Ms Dalandi said the investment would help Nigeria to reclaim its position as a leading global palm oil and cashew producer Currently the total production of raw cashew in Nigeria is about 1 4 million metric tons annually which is far from the country s potentials of over 10 million tons The initiative she said will contribute to the country s agricultural industry and provide employment opportunities to the Nigerian youths while ensuring sustainable wealth creation through farming and education on good investment Ms Dalandi said She added that the firm would be buying seedlings from the farmers and would also provide hybrid seeds to help farmers scale up their productivity NAN reports that Nigeria is the 7th largest producer of palm kernel and palm oil in high demand globally but can only get FOREX for Nigeria if maximally harnessed and exported www nanews ng NewsSourceCredit NAN
    Foreign firm targets N150m investment in oil , cashew processing
     Pet Agro Farms a Nigerian based foreign firm says plans are on to invest about N150 million in Nigeria via production and processing of oil palm cashew and other agricultural production The agro firm said the initiative had become imperative in order to target the foreign market and earn forex into the country during the ongoing forex crisis in the country Ms Rehab Danladi Director Pet Agro Farm on Wednesday told the News Agency of NIgeria in an interview in Abuja that the farm was looking to start up with 40 plots of land in Kogi We are already working closely with the Bank of Industry for the local market production while talks are already ongoing with the NEXIM Bank to finance export There is need for us to go to backward integration now enough is enough for import while we process 80 per cent will be going into the export market while 20 per cent will be for the local market she explained According to the Director it s all about value chain as even wastes from these products from palm kernel soya bean and others can be converted to poultry feeds that will also boost poultry Farming Ms Dalandi said the investment would help Nigeria to reclaim its position as a leading global palm oil and cashew producer Currently the total production of raw cashew in Nigeria is about 1 4 million metric tons annually which is far from the country s potentials of over 10 million tons The initiative she said will contribute to the country s agricultural industry and provide employment opportunities to the Nigerian youths while ensuring sustainable wealth creation through farming and education on good investment Ms Dalandi said She added that the firm would be buying seedlings from the farmers and would also provide hybrid seeds to help farmers scale up their productivity NAN reports that Nigeria is the 7th largest producer of palm kernel and palm oil in high demand globally but can only get FOREX for Nigeria if maximally harnessed and exported www nanews ng NewsSourceCredit NAN
    Foreign firm targets N150m investment in oil , cashew processing
    General news4 months ago

    Foreign firm targets N150m investment in oil , cashew processing

    Pet Agro Farms,a Nigerian-based foreign firm, says plans are on to invest about N150 million in Nigeria via production and processing of oil palm, cashew,  and other agricultural production .

    The agro-firm said the initiative had become imperative in order to target the foreign market and earn forex into the country during the ongoing forex crisis in the country.

    Ms Rehab Danladi, Director, Pet Agro Farm, on Wednesday told the News Agency of NIgeria in an interview in Abuja that the farm was looking to start up with 40 plots of land in Kogi. “We are already working closely with the Bank of Industry for the local market production while talks are already ongoing with the NEXIM Bank to finance export .

    “There is need for us to go to backward integration now, enough is enough for import,while we process , 80 per cent will be going into the export market, while 20 per cent will be for the local market.

    ” she explained.

    According to the Director, it’s all about value-chain, as even wastes from these products from palm kernel, soya bean and others can be converted to poultry feeds that will also boost poultry Farming Ms Dalandi said the investment would help Nigeria to reclaim its position as a leading global palm oil and cashew producer. 

    “Currently, the total production of raw cashew in Nigeria is about 1.4 million metric tons annually, which is far from the country’s potentials of over 10 million tons.  

    “The initiative she said, will contribute to the country’s agricultural industry and provide employment opportunities to the Nigerian youths’ while ensuring sustainable wealth creation through farming and education on good investment,” Ms Dalandi said.

    She added that the firm would be buying seedlings from the farmers and would also provide hybrid seeds to help farmers scale up their productivity.

    NAN reports that Nigeria is the 7th largest producer of palm kernel and palm oil in high demand globally but can only get FOREX for Nigeria if maximally harnessed and exported www.

    nanews.

    ng  
    NewsSourceCredit: NAN

  •  Ms Rehab Danladi Managing Director PET Group of companies says that tapping the rich divergent Agro produces in Nigeria has the potential to solve the country s foreign exchange challenges and boost the economy She said at a media discourse on Monday in Abuja that Nigeria would be placed on the limelight to compete with the world best export market if properly harnessed The News Agency of NIgeria NAN reports that Agro Farms an affiliate of the PET Group is set to start up a farm that will harness palm trees to get palm oil processing them into vegetable oil and other by products Nigeria is the 7th largest producer of palm kernel and palm oil in high demand globally but can only get FOREX for Nigeria if maximally harnessed and exported According to her Nigeria should be making money from the production of palm oil but there is not enough for the local market hence the export potential is not utilised We are looking at Kogi State a Nigerian from Kogi for instance has no idea he has gold in his backyard Kogi has the highest input of perm kernel and Nigeria is richly blessed with a lot of wealth from its farms We ve been here for 37 years I have toured round the length and breadth of this country exploring its rich diverse resources we are all set to go we have 40 plots of land in Kogi and a lot of youths will be meaningfully employed There s a lot for Nigeria to gain in this business because 80 per cent of our products will be for the export market while 20 per cent will be going into the local market She said prices of vegetable oil and soya beans oil would be subsidised in the Nigerian market It s a value chain thing nothing is wasted the shell from the palm kernel will be converted into poultry food we are also exploring the cashew market in Nigeria The total production of raw Cashew in NIgeria is 1 4 million metric tonnes cashew is being gotten from Nigeria and exported outside the country only to come back as processed Cashew bought by Nigerians Danladi said Agro farms was investing N150 million into the Nigerian Market aside the cost of land and machineries She added that NEXIM bank would assist the farms with loans to export the products outside the country We are also working closely with the Bank of Industry for the local market production we are going to be buying seedlings from the farmers and also hybrid seeds Danladi said the farm would be using made in Nigeria wires to get electricity in the farm because they were the best NAN also reports that PET Group of companies is a Nigeria based foreign Company NewsSourceCredit NAN
    Tapping Nigeria’s Agro produce will address FOREX challenges, boost economy — Investor
     Ms Rehab Danladi Managing Director PET Group of companies says that tapping the rich divergent Agro produces in Nigeria has the potential to solve the country s foreign exchange challenges and boost the economy She said at a media discourse on Monday in Abuja that Nigeria would be placed on the limelight to compete with the world best export market if properly harnessed The News Agency of NIgeria NAN reports that Agro Farms an affiliate of the PET Group is set to start up a farm that will harness palm trees to get palm oil processing them into vegetable oil and other by products Nigeria is the 7th largest producer of palm kernel and palm oil in high demand globally but can only get FOREX for Nigeria if maximally harnessed and exported According to her Nigeria should be making money from the production of palm oil but there is not enough for the local market hence the export potential is not utilised We are looking at Kogi State a Nigerian from Kogi for instance has no idea he has gold in his backyard Kogi has the highest input of perm kernel and Nigeria is richly blessed with a lot of wealth from its farms We ve been here for 37 years I have toured round the length and breadth of this country exploring its rich diverse resources we are all set to go we have 40 plots of land in Kogi and a lot of youths will be meaningfully employed There s a lot for Nigeria to gain in this business because 80 per cent of our products will be for the export market while 20 per cent will be going into the local market She said prices of vegetable oil and soya beans oil would be subsidised in the Nigerian market It s a value chain thing nothing is wasted the shell from the palm kernel will be converted into poultry food we are also exploring the cashew market in Nigeria The total production of raw Cashew in NIgeria is 1 4 million metric tonnes cashew is being gotten from Nigeria and exported outside the country only to come back as processed Cashew bought by Nigerians Danladi said Agro farms was investing N150 million into the Nigerian Market aside the cost of land and machineries She added that NEXIM bank would assist the farms with loans to export the products outside the country We are also working closely with the Bank of Industry for the local market production we are going to be buying seedlings from the farmers and also hybrid seeds Danladi said the farm would be using made in Nigeria wires to get electricity in the farm because they were the best NAN also reports that PET Group of companies is a Nigeria based foreign Company NewsSourceCredit NAN
    Tapping Nigeria’s Agro produce will address FOREX challenges, boost economy — Investor
    General news4 months ago

    Tapping Nigeria’s Agro produce will address FOREX challenges, boost economy — Investor

    Ms Rehab Danladi, Managing Director, PET Group of companies, says that tapping the rich divergent Agro produces in Nigeria has the potential to solve the country’s foreign exchange challenges and boost the economy.She said at a media discourse on Monday in Abuja, that Nigeria would be placed on the limelight to compete with the world best export market if properly harnessed.The News Agency of NIgeria ( NAN) reports that Agro Farms, an affiliate of the PET Group, is set to start up a farm that will harness palm trees to get palm oil, processing them into vegetable oil and other by-products.” Nigeria is the 7th largest producer of palm kernel and palm oil in high demand globally but can only get FOREX for Nigeria if maximally harnessed and exported.According to her, Nigeria should be making money from the production of palm oil, but there is not enough for the local market, hence the export potential is not utilised.“We are looking at Kogi State; a Nigerian from Kogi for instance, has no idea he has ‘gold in his backyard’; Kogi has the highest input of perm kernel and Nigeria is richly blessed with a lot of wealth from its farms.“We’ve been here for 37 years, I have toured round the length and breadth of this country, exploring its rich diverse resources; we are all set to go, we have 40 plots of land in Kogi and a lot of youths will be meaningfully employed.“There’s a lot for Nigeria to gain in this business because 80 per cent of our products will be for the export market while 20 per cent will be going into the local market.She said prices of vegetable oil and soya beans oil would be subsidised in the Nigerian market.“It’s a value chain thing, nothing is wasted, the shell from the palm kernel will be converted into poultry food; we are also exploring the cashew market in Nigeria.“The total production of raw Cashew in NIgeria is 1.4 million metric tonnes; cashew is being gotten from Nigeria and exported outside the country only to come back as processed Cashew bought by Nigerians.” Danladi said Agro farms was investing N150 million into the Nigerian Market, aside the cost of land and machineries.She added that  NEXIM bank would assist the farms with loans to export the products outside the country.“We are also working closely with the Bank of Industry for the local market production; we are going to be buying seedlings from the farmers and also hybrid seeds.Danladi said the farm would be using made in Nigeria wires to get electricity in the farm because they were the best.NAN also reports that PET Group of companies is a Nigeria-based foreign Company.NewsSourceCredit: NAN

  •   Women inclusion key to unlocking potential of oil and gas industry An analysis by Solomon Asowata News Agency of Nigeria The oil and gas industry is the mainstay of Nigeria s economy providing thousands of direct and indirect jobs and contributing substantially to the nation s foreign reserves It is a known fact that oil alone accounts for 40 per cent of the country s Gross Domestic Product GDP 70 per cent of budget revenues and 95 per cent of foreign exchange earnings Despite the invaluable contribution of the sector to the economy experts believe that it still has huge potential and that there is need for deliberate inclusion of women in the sector to unlock the potential However the industry remains male dominated at all levels from leadership roles in major corporations to jobs in mines and on oil rigs According to a recent study by the Global Energy Talent Index whereas women make up 48 per cent of the global labour force they only account for 22 per cent of the labour force in the oil and gas sector The study said women occupied about 50 per cent of non technical positions at entry level compared to only 15 per cent of technical and field role positions This implies that the gender diversity and inclusion decreases with seniority with only a tiny proportion of women in executive positions The percentage of women in the industry drops from 36 per cent to 24 per cent between the middle and executive levels the study added In Nigeria women have been pushing for more inclusion in the energy space and are beginning to make progress despite the socio economic political and cultural challenges For instance Mrs Elohor Aiboni was in March 2021 appointed as the first female Managing Director of Shell Nigeria Exploration and Production Company Ltd SNEPCO Similarly President Muhammadu Buhari in January 2022 appointed Sen Margery Chuba Okadigbo as the pioneer Board Chairman of the Nigerian National Petroleum Company NNPC Ltd Chief Timipre Sylva Minister of State for Petroleum Resources said the Federal Government had been deliberate in introducing gender friendly policies that would promote women inclusion in the oil and gas industry Sylva who spoke at a recent Nigerian Women in Oil and Gas Conference in Lagos said this included increasing access to funding award of contracts and support for research and development in the interest of women operators in the Nigerian oil and gas industry The minister harped on the need to get more girls into Science Technology Engineering and Mathematics STEM which was a pathway to careers in the oil and gas industry He also advised women in the Nigerian oil and gas industry to work together towards increasing participation of women in the industry by engendering growth building capacities and capabilities identifying opportunities mentoring and coaching Also Mr Simbi Wabote Executive Secretary Nigerian Content Development and Monitoring Board NCDMB recently announced that the board would soon begin the disbursement of the 40 million dollar Women in Energy Fund to support women in the sector Wabote said the fund was set up by the NCDMB in partnership with the Nigerian Export Import Bank NEXIM Bank adding that 15 applications had been received and three had been approved for disbursement He also canvassed the inclusion of women in the administration of the various Trusts and Funds that were established by the Petroleum Industry Act PIA 2021 notably the Host Community Development Trust Host Community Development Trust Fund and Environmental Remediation Fund The NCDMB boss further confirmed that the Oil and Gas Industrial Parks in Bayelsa and Cross River were getting ready for completion and would commence operations in 2023 He noted that the board had started inviting applicants for allocation of plots to set up manufacturing outfits in the park and encouraged women owned businesses with workable proposals to apply Wabote promised that women would be given special consideration as part of the board s commitment to mainstream them into the oil and gas industry On her part Chuba Okadigbo has challenged the NCDMB to institute a development programme like the Project 100 for oil and gas firms owned by women She said the implementation of the PIA provided a good opportunity to mainstream more women in oil and gas activities and also recommended formal mentorship and role modelling for younger women While the recent appointments of Chuba Okadigbo and Aiboni are quite significant experts believe that there is a lot that still need to be done for inclusion of more women in the oil and gas industry Mrs Funmi Ogbue President Women in Energy Network insists that government at all levels should promote women leadership in the energy sector by appointing more women to head agencies and institutions at sectional regional and international levels Ogbue said this would help bridge the gap in the sector while also giving more women opportunities to contribute their quota to national development Also Mrs Anita Ogboile Chief Executive Officer Deep Blue Energy said there was need to create awareness of STEM and its importance to younger females especially those in secondary schools Ogboile said demystifying the myth that women would not succeed in the industry was very key and would help encourage others to go into the sector Indeed the exploits of women in the oil and gas sector holds brighter prospects for the sector and invariably the economy NewsSourceCredit NAN
    Women inclusion, key to unlocking potential of oil and gas industry
      Women inclusion key to unlocking potential of oil and gas industry An analysis by Solomon Asowata News Agency of Nigeria The oil and gas industry is the mainstay of Nigeria s economy providing thousands of direct and indirect jobs and contributing substantially to the nation s foreign reserves It is a known fact that oil alone accounts for 40 per cent of the country s Gross Domestic Product GDP 70 per cent of budget revenues and 95 per cent of foreign exchange earnings Despite the invaluable contribution of the sector to the economy experts believe that it still has huge potential and that there is need for deliberate inclusion of women in the sector to unlock the potential However the industry remains male dominated at all levels from leadership roles in major corporations to jobs in mines and on oil rigs According to a recent study by the Global Energy Talent Index whereas women make up 48 per cent of the global labour force they only account for 22 per cent of the labour force in the oil and gas sector The study said women occupied about 50 per cent of non technical positions at entry level compared to only 15 per cent of technical and field role positions This implies that the gender diversity and inclusion decreases with seniority with only a tiny proportion of women in executive positions The percentage of women in the industry drops from 36 per cent to 24 per cent between the middle and executive levels the study added In Nigeria women have been pushing for more inclusion in the energy space and are beginning to make progress despite the socio economic political and cultural challenges For instance Mrs Elohor Aiboni was in March 2021 appointed as the first female Managing Director of Shell Nigeria Exploration and Production Company Ltd SNEPCO Similarly President Muhammadu Buhari in January 2022 appointed Sen Margery Chuba Okadigbo as the pioneer Board Chairman of the Nigerian National Petroleum Company NNPC Ltd Chief Timipre Sylva Minister of State for Petroleum Resources said the Federal Government had been deliberate in introducing gender friendly policies that would promote women inclusion in the oil and gas industry Sylva who spoke at a recent Nigerian Women in Oil and Gas Conference in Lagos said this included increasing access to funding award of contracts and support for research and development in the interest of women operators in the Nigerian oil and gas industry The minister harped on the need to get more girls into Science Technology Engineering and Mathematics STEM which was a pathway to careers in the oil and gas industry He also advised women in the Nigerian oil and gas industry to work together towards increasing participation of women in the industry by engendering growth building capacities and capabilities identifying opportunities mentoring and coaching Also Mr Simbi Wabote Executive Secretary Nigerian Content Development and Monitoring Board NCDMB recently announced that the board would soon begin the disbursement of the 40 million dollar Women in Energy Fund to support women in the sector Wabote said the fund was set up by the NCDMB in partnership with the Nigerian Export Import Bank NEXIM Bank adding that 15 applications had been received and three had been approved for disbursement He also canvassed the inclusion of women in the administration of the various Trusts and Funds that were established by the Petroleum Industry Act PIA 2021 notably the Host Community Development Trust Host Community Development Trust Fund and Environmental Remediation Fund The NCDMB boss further confirmed that the Oil and Gas Industrial Parks in Bayelsa and Cross River were getting ready for completion and would commence operations in 2023 He noted that the board had started inviting applicants for allocation of plots to set up manufacturing outfits in the park and encouraged women owned businesses with workable proposals to apply Wabote promised that women would be given special consideration as part of the board s commitment to mainstream them into the oil and gas industry On her part Chuba Okadigbo has challenged the NCDMB to institute a development programme like the Project 100 for oil and gas firms owned by women She said the implementation of the PIA provided a good opportunity to mainstream more women in oil and gas activities and also recommended formal mentorship and role modelling for younger women While the recent appointments of Chuba Okadigbo and Aiboni are quite significant experts believe that there is a lot that still need to be done for inclusion of more women in the oil and gas industry Mrs Funmi Ogbue President Women in Energy Network insists that government at all levels should promote women leadership in the energy sector by appointing more women to head agencies and institutions at sectional regional and international levels Ogbue said this would help bridge the gap in the sector while also giving more women opportunities to contribute their quota to national development Also Mrs Anita Ogboile Chief Executive Officer Deep Blue Energy said there was need to create awareness of STEM and its importance to younger females especially those in secondary schools Ogboile said demystifying the myth that women would not succeed in the industry was very key and would help encourage others to go into the sector Indeed the exploits of women in the oil and gas sector holds brighter prospects for the sector and invariably the economy NewsSourceCredit NAN
    Women inclusion, key to unlocking potential of oil and gas industry
    Features5 months ago

    Women inclusion, key to unlocking potential of oil and gas industry

    Women inclusion, key to unlocking potential of oil and gas industry

    An analysis by Solomon Asowata, News Agency of Nigeria

    The oil and gas industry is the mainstay of Nigeria’s economy, providing thousands of direct and indirect jobs and contributing substantially to the nation’s foreign reserves.

    It is a known fact that oil alone accounts for 40 per cent of the country’s Gross Domestic Product (GDP), 70 per cent of budget revenues and 95 per cent of foreign exchange earnings.

    Despite the invaluable contribution of the sector to the economy, experts believe that it still has huge potential, and that there is need for deliberate inclusion of women in the sector to unlock the potential.

    However, the industry remains male-dominated at all levels; from leadership roles in major corporations to jobs in mines and on oil rigs.

    According to a recent study by the Global Energy Talent Index, whereas women make up 48 per cent of the global labour force, they only account for 22 per cent of the labour force in the oil and gas sector.

    The study said women occupied about 50 per cent of non-technical positions at entry-level compared to only 15 per cent of technical and field role positions.

    “This implies that the gender diversity and inclusion decreases with seniority, with only a tiny proportion of women in executive positions. 

    “The percentage of women in the industry drops from 36 per cent to 24 per cent between the middle and executive levels,” the study added.

    In Nigeria, women have been pushing for more inclusion in the energy space and are beginning to make progress despite the socio-economic, political and cultural challenges.

    For instance, Mrs Elohor Aiboni, was in March 2021 appointed as the first female Managing Director of Shell Nigeria Exploration and Production Company Ltd. (SNEPCO).

    Similarly, President Muhammadu Buhari, in January 2022 appointed Sen. Margery Chuba-Okadigbo as the pioneer Board Chairman of the Nigerian National Petroleum Company (NNPC) Ltd.

    Chief Timipre Sylva, Minister of State for Petroleum Resources, said the Federal Government had been deliberate in introducing gender-friendly policies that would promote women inclusion in the oil and gas industry.

    Sylva, who spoke at a recent Nigerian Women in Oil and Gas Conference in Lagos, said this included increasing access to funding, award of contracts and support for research and development in the interest of women operators in the Nigerian oil and gas industry.

    The minister harped on the need to get more girls into Science Technology Engineering and Mathematics (STEM), which was a pathway to careers in the oil and gas industry.

    He also advised women in the Nigerian oil and gas industry to work together towards increasing participation of women in the industry by engendering growth, building capacities and capabilities, identifying opportunities, mentoring and coaching.

    Also, Mr Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), recently announced that the board would soon begin the disbursement of the 40 million dollar Women in Energy Fund to support women in the sector.

    Wabote said the fund was set up by the NCDMB in partnership with the Nigerian Export-Import Bank (NEXIM Bank), adding that 15 applications had been received and three had been approved for disbursement.

    He also canvassed the inclusion of women in the administration of the various Trusts and Funds that were established by the Petroleum Industry Act (PIA) 2021, notably the Host Community Development Trust, Host Community Development Trust Fund and Environmental Remediation Fund.

    The NCDMB boss further confirmed that the Oil and Gas Industrial Parks in Bayelsa and Cross River were getting ready for completion and would commence operations in 2023.

    He noted that the board had started inviting applicants for allocation of plots to set up manufacturing outfits in the park and encouraged women-owned businesses with workable proposals to apply.

    Wabote promised that women would be given special consideration as part of the board’s commitment to mainstream them into the oil and gas industry.

    On her part, Chuba-Okadigbo has challenged the NCDMB to institute a development programme like the Project 100 for oil and gas firms owned by women.

    She said the implementation of the PIA provided a good opportunity to mainstream more women in oil and gas activities and also recommended formal mentorship and role modelling for younger women.

    While the recent appointments of Chuba-Okadigbo and Aiboni are quite significant, experts believe that there is a lot that still need to be done for inclusion of more women in the oil and gas industry.

    Mrs Funmi Ogbue, President, Women in Energy Network, insists that government at all levels should promote women leadership in the energy sector by appointing more women to head agencies and institutions at sectional, regional and international levels. 

    Ogbue said this would help bridge the gap in the sector, while also giving more women opportunities to contribute their quota to national development.

    Also, Mrs Anita Ogboile, Chief Executive Officer, Deep Blue Energy, said there was need to create awareness of STEM and its importance to younger females, especially those in secondary schools.

    Ogboile said demystifying the myth that women would not succeed in the industry was very key and would help encourage others to go into the sector.

    Indeed, the exploits of women in the oil and gas sector holds brighter prospects for the sector, and invariably the economy.

    NewsSourceCredit: NAN

  •  Minister of State for Petroleum Resources Chief Timipre Sylva says the Federal Government has been deliberately implementing gender friendly policies that will promote women inclusion in the oil and gas industry Sylva spoke on Tuesday in Lagos at the 2022 Nigerian Women in Oil and Gas Conference organised by the Nigerian Content Consultative Forum NCCF Diversity Sectoral Working Group DSWG The News Agency of Nigeria reports that the conference had as its theme Leveraging Opportunities for Women in the Oil and Gas Industry He said although women made up 48 per cent of the global work force they only accounted for 22 per cent of the labour force in the oil and gas sector However the Nigerian government has been deliberate in gender friendly policies This is aimed at increasing access to funding award of contracts and support for research and development in the interest of women operators in the Nigerian oil and gas industry This government through its Nigerian Content Development and Monitoring Board NCDMB Nigerian Export Import Bank NEXIM partnership has rolled out a 40 million dollar fund to empower women in the oil industry This is separate from the 300 million dollar Nigerian Content Initiative NCI Fund which is equally available to women and men who meet the criteria Sylva said The minister stated that the industry played a pivotal role in the socio economic development of the world and would continue to play this key role in spite of the growing call for energy transition According to him harnessing the natural endowment strength intuition knowledge and expertise of women for the growth of the industry has become a fundamental truth He noted that women needed one another to survive the realities of the sector whether locally or internationally The minister said It is estimated that women occupy about 50 per cent of non technical positions at entry level compared to only 15 per cent of technical and field role positions Gender diversity and inclusion decreases with seniority There is only a tiny proportion of women in executive positions The percentage of women in the industry drops over time from 36 per cent to 24 per cent between the middle and executive level a recent study by Global Energy Talent Index Report has indicated He therefore urged the various women groups in the sector to work together in championing the course of women in the industry Also Executive Secretary NCDMB Mr Simbi Wabote said the enactment of the Petroleum Industry Act 2021 had created several opportunities that could be leveraged to increase the participation of women in the sector Wabote said they included administration of the various Trusts and Funds contained in the Act opportunities in National Gas Expansion Programme and the almost completed Industrial Parks in Bayelsa and Cross River On her part Chairman Board of Directors Nigerian National Petroleum Company NNPC Ltd Sen Margery Chuba Okadigbo said it was imperative for more women to participate in the oil and gas space because of its significant contribution to the economy She therefore urged the leadership of the NCDMB to consider replicating the board s Project 100 Companies by creating a model exclusively for women owned Nigerian companies Earlier Mrs Mrs Alero Onosode of the NCCF DSWG said the oil and gas industry was technical capital intensive and of high risk adding that women should leverage the opportunities by being always resilient and prepared Onosode said women were making significant progress in the industry especially with the appointment of Sen Chuba Okadigbo as the NNPC board chairman and Mrs Elohor Aiboni as the Managing Director of Shell Nigeria Exploration and Production Company Source NAN
    FG promoting women inclusion in oil, gas industry – Sylva
     Minister of State for Petroleum Resources Chief Timipre Sylva says the Federal Government has been deliberately implementing gender friendly policies that will promote women inclusion in the oil and gas industry Sylva spoke on Tuesday in Lagos at the 2022 Nigerian Women in Oil and Gas Conference organised by the Nigerian Content Consultative Forum NCCF Diversity Sectoral Working Group DSWG The News Agency of Nigeria reports that the conference had as its theme Leveraging Opportunities for Women in the Oil and Gas Industry He said although women made up 48 per cent of the global work force they only accounted for 22 per cent of the labour force in the oil and gas sector However the Nigerian government has been deliberate in gender friendly policies This is aimed at increasing access to funding award of contracts and support for research and development in the interest of women operators in the Nigerian oil and gas industry This government through its Nigerian Content Development and Monitoring Board NCDMB Nigerian Export Import Bank NEXIM partnership has rolled out a 40 million dollar fund to empower women in the oil industry This is separate from the 300 million dollar Nigerian Content Initiative NCI Fund which is equally available to women and men who meet the criteria Sylva said The minister stated that the industry played a pivotal role in the socio economic development of the world and would continue to play this key role in spite of the growing call for energy transition According to him harnessing the natural endowment strength intuition knowledge and expertise of women for the growth of the industry has become a fundamental truth He noted that women needed one another to survive the realities of the sector whether locally or internationally The minister said It is estimated that women occupy about 50 per cent of non technical positions at entry level compared to only 15 per cent of technical and field role positions Gender diversity and inclusion decreases with seniority There is only a tiny proportion of women in executive positions The percentage of women in the industry drops over time from 36 per cent to 24 per cent between the middle and executive level a recent study by Global Energy Talent Index Report has indicated He therefore urged the various women groups in the sector to work together in championing the course of women in the industry Also Executive Secretary NCDMB Mr Simbi Wabote said the enactment of the Petroleum Industry Act 2021 had created several opportunities that could be leveraged to increase the participation of women in the sector Wabote said they included administration of the various Trusts and Funds contained in the Act opportunities in National Gas Expansion Programme and the almost completed Industrial Parks in Bayelsa and Cross River On her part Chairman Board of Directors Nigerian National Petroleum Company NNPC Ltd Sen Margery Chuba Okadigbo said it was imperative for more women to participate in the oil and gas space because of its significant contribution to the economy She therefore urged the leadership of the NCDMB to consider replicating the board s Project 100 Companies by creating a model exclusively for women owned Nigerian companies Earlier Mrs Mrs Alero Onosode of the NCCF DSWG said the oil and gas industry was technical capital intensive and of high risk adding that women should leverage the opportunities by being always resilient and prepared Onosode said women were making significant progress in the industry especially with the appointment of Sen Chuba Okadigbo as the NNPC board chairman and Mrs Elohor Aiboni as the Managing Director of Shell Nigeria Exploration and Production Company Source NAN
    FG promoting women inclusion in oil, gas industry – Sylva
    General news6 months ago

    FG promoting women inclusion in oil, gas industry – Sylva

    Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government has been deliberately implementing gender-friendly policies that will promote women inclusion in the oil and gas industry.

    Sylva spoke on Tuesday in Lagos at the 2022 Nigerian Women in Oil and Gas Conference organised by the Nigerian Content Consultative Forum (NCCF) Diversity Sectoral Working Group (DSWG).

    The News Agency of Nigeria reports that the conference had as its theme: “Leveraging Opportunities for Women in the Oil and Gas Industry.”

    He said although women made up 48 per cent of the global work force, they only accounted for 22 per cent of the labour force in the oil and gas sector.

    “However, the Nigerian government has been deliberate in gender-friendly policies.

    “This is aimed at increasing access to funding, award of contracts and support for research and development in the interest of women operators in the Nigerian oil and gas industry.

    “This government, through its Nigerian Content Development and Monitoring Board (NCDMB) – Nigerian Export-Import Bank (NEXIM) partnership, has rolled out a 40 million dollar fund to empower women in the oil industry.

    “This is separate from the 300 million dollar Nigerian Content Initiative (NCI) Fund, which is equally available to women (and men) who meet the criteria,” Sylva said.

    The minister stated that the industry played a pivotal role in the socio-economic development of the world and would continue to play this key role in spite of the growing call for energy transition.

    According to him, harnessing the natural endowment, strength, intuition, knowledge and expertise of women for the growth of the industry has become a fundamental truth.

    He noted that women needed one another to survive the realities of the sector, whether locally or internationally.

    The minister said: “It is estimated that women occupy about 50 per cent of non-technical positions at entry level compared to only 15 per cent of technical and field role positions.

    “Gender diversity and inclusion decreases with seniority. There is only a tiny proportion of women in executive positions.

    “The percentage of women in the industry drops over time from 36 per cent to 24 per cent between the middle and executive level, a recent study

    by Global Energy Talent Index Report has indicated.”

    He, therefore, urged the various women groups in the sector to work together in championing the course of women in the industry.

    Also, Executive Secretary, NCDMB, Mr Simbi Wabote, said the enactment of the Petroleum Industry Act 2021 had created several opportunities that could be leveraged to increase the participation of women in the sector.

    Wabote said they included administration of the various Trusts and Funds contained in the Act, opportunities in National Gas Expansion Programme and the almost completed Industrial Parks in Bayelsa and Cross River.

    On her part, Chairman, Board of Directors, Nigerian National Petroleum Company (NNPC) Ltd., Sen. Margery Chuba-Okadigbo, said it was imperative for more women to participate in the oil and gas space because of its significant contribution to the economy.

    She, therefore, urged the leadership of the NCDMB to consider replicating the board’s Project 100 Companies by creating a model exclusively for women-owned Nigerian companies.

    Earlier, Mrs Mrs Alero Onosode of the NCCF DSWG said the oil and gas industry was technical, capital intensive and of high risk, adding that women should leverage the opportunities by being always resilient and prepared.

    Onosode said women were making significant progress in the industry, especially with the appointment of Sen. Chuba-Okadigbo as the NNPC board chairman and Mrs Elohor Aiboni as the Managing Director of Shell Nigeria Exploration and Production Company. (

    Source: NAN

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