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  •  Panelists at a book launch in Lagos have called for documentation of achievements of leaders with integrity This they argued was necessary to raise a new generation of Nigerians who would lead the nation to greatness through hardwork and honesty The panelists spoke on Monday at the launch of a book written by Mr Babs Omotowa former Managing of Nigeria LNG Ltd NLNG tittled From Storeroom to Boardroom Drawn oil and gas experts three of them are also authors Mr Austin Avuru the Founder and Executive Chairman of AA Holdings one of the panelists said that lack of lack of corporate governance structure was a reason for demise of several businesses in Nigeria He said that this was because young people did not have books from which to learn how to grow enterprises to last generations Another Dr Phillip Mshelbila Managing Director and Chief Executive Officer of Nigeria Liquefied Natural Gas NLNG Ltd spoke on Omotowa s tenacity He enumerated reforms brought into the NLNG by Omotowa due to his resilience and tenacity Mshelbila said the author left solid foundation for continuity in the local content drive in the firm He and other panelists enumerated interventions of the author and other interactions that qualified him as role model whom the younger generation must emulate Other panelists include Dr Godswill Ihetu former Managing Director NLNG and Mr Tonye Cole Co founder and former Group Executive Director of Sahara Group Also among them were Mr Isah Inuwa a retiree of the NLNG and Dr Waziri Adio former Executive Secretary of Nigeria Extractive Transparency Initiative NEITI who joined virtually The panelists said the nation needed role models who could point the way of how intergrity and courage could shape global businesses They called for value re orientatation in the nation while reeling out success stories of Omotowa who rose from the lowest cadre of his career to the pinnacle The panelists said he rose through hard work courage and integrity while shunning corruption They also shared their thoughts on how to resolve issues in the oil and gas industry the Niger Delta issues as well as the steps to adopt towards energy transition Mr Aderemi Makanjuola Chairman of Caverton Offshore Support Group Plc giving a goodwill message said the author gave selfless service He said that the younger generations needed this to correct negative perceptions about Nigeria while building lasting legacies Makanjuola said mentorship was important to raise upright leaders According to him the younger generation cannot be coerced hence the need for real role models The Chairman Governing Board Nigerian University of Technology and Management NUTM Dr Okechukwu Enelamah was one of the book reviewers He said the book listed on Amazon presented a good context for the nation s youths to courageously pursue entrepreneurship goals with honestly The reviewer described the book as an easy read that had great potential for global readership Enelamah said it contains several leadership lessons loaded with personal examples of Omotowa s courage to surmount opposition to do things right He said the book documented step by step journey of the author from his humble background in Ile Ife The reviewer said it touched on the role of parents in inculcating the right values which helped Omotowa excel without compromising He said chapter two of the book is quite empowering and teaches how to prioritise goals while not ignoring the power of sacrifices Enelamah said the book was illuminating on how the author handled employees without losing focus on integrity He said it revealed how the author adopted courage to remain incorruptible in the face of opposition in his journey from the Storeroom to Boardroom Another reviewer Donu Kogbara a columnist with the Vanguard Newspaper commended the author for capturing his personal flaws and mistakes in the book She said that he did not pretend to be a saint or super human to conceal his errors Kogbara said he did not mince words in his fight against corruption describing the book s launch as timely She said that this was because young people did not have adequate books on best practices Speaking with journalists Omotowa urged parents to inculcate the right values in their children early in life The author said that this would teach them contentment to make them incorruptible He said that the values of hard work courage and integrity he picked up early in his life from his parents helped him to bring transformation in his career path from the bottom to top The Minister of Information and Culture Alhaji Lai Mohammed was represented at the event by a Director Mrs Amao Ayobami NewsSourceCredit NAN
    Experts want leaders with integrity to inspire youth
     Panelists at a book launch in Lagos have called for documentation of achievements of leaders with integrity This they argued was necessary to raise a new generation of Nigerians who would lead the nation to greatness through hardwork and honesty The panelists spoke on Monday at the launch of a book written by Mr Babs Omotowa former Managing of Nigeria LNG Ltd NLNG tittled From Storeroom to Boardroom Drawn oil and gas experts three of them are also authors Mr Austin Avuru the Founder and Executive Chairman of AA Holdings one of the panelists said that lack of lack of corporate governance structure was a reason for demise of several businesses in Nigeria He said that this was because young people did not have books from which to learn how to grow enterprises to last generations Another Dr Phillip Mshelbila Managing Director and Chief Executive Officer of Nigeria Liquefied Natural Gas NLNG Ltd spoke on Omotowa s tenacity He enumerated reforms brought into the NLNG by Omotowa due to his resilience and tenacity Mshelbila said the author left solid foundation for continuity in the local content drive in the firm He and other panelists enumerated interventions of the author and other interactions that qualified him as role model whom the younger generation must emulate Other panelists include Dr Godswill Ihetu former Managing Director NLNG and Mr Tonye Cole Co founder and former Group Executive Director of Sahara Group Also among them were Mr Isah Inuwa a retiree of the NLNG and Dr Waziri Adio former Executive Secretary of Nigeria Extractive Transparency Initiative NEITI who joined virtually The panelists said the nation needed role models who could point the way of how intergrity and courage could shape global businesses They called for value re orientatation in the nation while reeling out success stories of Omotowa who rose from the lowest cadre of his career to the pinnacle The panelists said he rose through hard work courage and integrity while shunning corruption They also shared their thoughts on how to resolve issues in the oil and gas industry the Niger Delta issues as well as the steps to adopt towards energy transition Mr Aderemi Makanjuola Chairman of Caverton Offshore Support Group Plc giving a goodwill message said the author gave selfless service He said that the younger generations needed this to correct negative perceptions about Nigeria while building lasting legacies Makanjuola said mentorship was important to raise upright leaders According to him the younger generation cannot be coerced hence the need for real role models The Chairman Governing Board Nigerian University of Technology and Management NUTM Dr Okechukwu Enelamah was one of the book reviewers He said the book listed on Amazon presented a good context for the nation s youths to courageously pursue entrepreneurship goals with honestly The reviewer described the book as an easy read that had great potential for global readership Enelamah said it contains several leadership lessons loaded with personal examples of Omotowa s courage to surmount opposition to do things right He said the book documented step by step journey of the author from his humble background in Ile Ife The reviewer said it touched on the role of parents in inculcating the right values which helped Omotowa excel without compromising He said chapter two of the book is quite empowering and teaches how to prioritise goals while not ignoring the power of sacrifices Enelamah said the book was illuminating on how the author handled employees without losing focus on integrity He said it revealed how the author adopted courage to remain incorruptible in the face of opposition in his journey from the Storeroom to Boardroom Another reviewer Donu Kogbara a columnist with the Vanguard Newspaper commended the author for capturing his personal flaws and mistakes in the book She said that he did not pretend to be a saint or super human to conceal his errors Kogbara said he did not mince words in his fight against corruption describing the book s launch as timely She said that this was because young people did not have adequate books on best practices Speaking with journalists Omotowa urged parents to inculcate the right values in their children early in life The author said that this would teach them contentment to make them incorruptible He said that the values of hard work courage and integrity he picked up early in his life from his parents helped him to bring transformation in his career path from the bottom to top The Minister of Information and Culture Alhaji Lai Mohammed was represented at the event by a Director Mrs Amao Ayobami NewsSourceCredit NAN
    Experts want leaders with integrity to inspire youth
    General news2 months ago

    Experts want leaders with integrity to inspire youth

    Panelists at a book launch in Lagos have called for documentation of achievements of leaders with integrity.

    This, they argued, was necessary to raise a new generation of Nigerians who would lead the nation to greatness through hardwork and honesty.

    The panelists spoke on Monday at the launch of a book written by Mr Babs Omotowa, former Managing of Nigeria LNG Ltd (NLNG) tittled “From Storeroom to Boardroom”.

    Drawn  oil and gas experts, three of them are also authors.

    Mr Austin Avuru, the Founder and Executive Chairman of AA Holdings, one of the panelists, said that lack of lack of corporate governance structure was a reason for demise of several businesses in Nigeria.

    He said that this was because young people did not have books from which to learn how to grow enterprises to last generations.

    Another, Dr Phillip Mshelbila, Managing Director and Chief Executive Officer of Nigeria Liquefied Natural Gas (NLNG) Ltd, spoke on Omotowa’s tenacity.

    He enumerated reforms brought into the NLNG by Omotowa due to his resilience and tenacity.

    Mshelbila said the author left solid foundation for continuity in the local content drive in the firm.

    He, and other panelists, enumerated  interventions of the author and other interactions that qualified him as role model whom the younger generation must emulate.

    Other panelists include Dr Godswill Ihetu, former Managing Director, NLNG, and Mr Tonye Cole, Co-founder and former Group Executive Director of Sahara Group.

    Also among them were Mr Isah Inuwa, a retiree of the NLNG and Dr Waziri Adio, former Executive Secretary of Nigeria Extractive Transparency Initiative (NEITI), who joined virtually.

    The panelists said the nation needed role models who could point the way of how intergrity and courage could shape global businesses.

    They called for value re-orientatation in the nation while reeling out success stories of  Omotowa who rose from the lowest cadre of his career to the pinnacle.

    The panelists said he rose through hard work, courage and integrity while shunning corruption.

    They also shared their thoughts on how to resolve issues in the oil and gas industry, the Niger Delta issues as well as the steps to adopt towards energy transition.

    Mr Aderemi Makanjuola, Chairman of Caverton Offshore Support Group Plc, giving a goodwill message, said the author gave selfless service.

    He said that the younger generations needed this to correct negative perceptions about Nigeria while building lasting legacies.

    Makanjuola said mentorship was important to raise upright leaders.

    According to him, the younger generation cannot be”coerced”, hence, the need for real role models.

    The Chairman, Governing Board, Nigerian University of Technology and Management.

    (NUTM), Dr Okechukwu Enelamah, was one of the book reviewers.

    He said the book, listed on Amazon, presented a good context for the nation’s youths to courageously pursue entrepreneurship goals with honestly.

    The reviewer described the book as an easy read that had great potential for global readership.

    Enelamah said it contains several leadership lessons loaded with personal examples of Omotowa’s courage to surmount opposition to do things right.

    He said the book documented step by step journey of the author from his humble background in Ile Ife.The reviewer said it touched on the role of parents in inculcating the right values which helped  Omotowa excel without compromising.

    He said chapter two of the book is “quite empowering” and teaches how to prioritise goals, while not ignoring the power of sacrifices.

    Enelamah said the book was “illuminating” on how the author handled employees without losing focus on integrity.

    He said it revealed how the author adopted courage to remain incorruptible in the face of opposition in his journey from the”Storeroom to Boardroom”.

    Another reviewer, Donu Kogbara, a columnist with the Vanguard Newspaper, commended the author for capturing his personal flaws and mistakes in the book.

    She said that he did not pretend to be a saint or super human to conceal his errors.

    Kogbara said he did not mince words in his fight against corruption, describing the book’s launch as timely.

    She said that this was because young people did not have adequate books on best practices.

    Speaking with journalists, Omotowa urged parents to inculcate the right values in their children early in life.

    The author said that this would teach them contentment to make them incorruptible.

    He said that the values of hard work, courage and integrity he picked up early in his life from his parents helped him to bring transformation in his career path from the bottom to top.

    The Minister of Information and Culture, Alhaji Lai Mohammed, was represented at the event by a Director, Mrs Amao Ayobami.


    NewsSourceCredit: NAN

  •  Presidency raises concern over misrepresentation of N42bn SEZ plans SEZ Abuja April 15 2019 The presidency has expressed concern that plans of the President Muhammadu Buhari administration to fast track Nigeria s industrial development through the Special Economic Zones SEZ was being misrepresented in the public including at a recent public hearing in the Senate The presidency in a document made available to the News Agency of Nigeria on Monday in Abuja said that SEZ was discussed and approved by the Federal Executive Council FEC The Senate had recently rejected the N15 63 billion budget proposals of the Federal Ministry of Industry Trade and Investment for 2019 because of the Nigeria Special Economic Zones Investment Company NSEZCO listed for N42 billion appropriation The document said there was a firm resolve in the Executive arm of government to clarify issues and keep the SEZ plans and the strategy adopted and already approved by the FEC The discovery that a government parastatal in the Industry Trade and Industry Ministry the Nigeria Export Processing Zone Authority NEPZA is said to have created a confusion when it s top officials misinformed some members of the Senate about funds allotted for the implementation of the SEZ via the establishment of a PPP special vehicle firm named NSEZCO While NEPZA had argued that the allocation of over N42 billion to NSEZCO ought to be allocated to it rather than NSEZCO the Attorney General to the Federation AGF had clarified the law The AGF explained that it was proper for the money to be allocated to the implementing liability company NSEZCO formed for the specific purpose as the Industry Trade and Investment Minister had done But despite the clarifications from the Attorney General and the direction of the Industry Minister officials of NEPZA were alleged to have surreptitiously taken the matter to some Senators causing a misunderstanding of the strategy adopted for the implementation of the Special Economic Zones Both the president and the vice president are said to be concerned that such a conduct of some of NEPZA officials if proven would be a flagrant disobedience of clear presidential directives and initiatives At the recent FEC meeting held after the Senate public hearing sources said the Council chaired by the President himself reaffirmed the plans and strategies designed by the Industry Ministry A clarification from the Executive arm of government to the Senate on the issues it has raised on the interim company directors and the need for the investment firm NSEZCO may have been delivered The document said that when the Minister of Industry Trade and Investment Dr Okechukwu Enelamah presented the ministry s 2019 Budget details to the relevant Senate committee questions were raised about the creation of a limited liability company with 25 per cent of Federal Government interest It said there were also concerns about the retention of three Federal Government officials as directors and the allocation of government s funds to the company The document said that between the Federal Government and the institutional investors the investment company NSEZCO was expected to raise 500 million dollars in equity by 2023 While many of the strategic investors have already signed on the MINE project which the NSEZCO will be delivering has secured significant international partnerships already For instance Shandong Ruyi the leading textile and garment group in China has already announced its commitment to invest 2 billion dollars to the cotton textile and garment industry for the Special Economic free trading Zones the NSEZCO will put up in Abia Kano and Lagos States Equally CCCG Industrial Investment Holding Company CIHC of China which is ranked 91st in Fortune 500 and is the third largest international contractor in the world has also signed a letter of intent to invest in the forthcoming Special Economic Zone in Lekki specifically in the areas of power water access roads and bridges These are some of the critical and significant plans that few NEPZA officials are trying to scuttle Some of the Special Economic Zone projects are the much talked about Enyimba Economic City in Abia the Lekki Epe Model Industrial Park Funtua Cotton Cluster and several others being planned for Edo Kwara Sokoto Ebonyi and Benue States among others It said that the vision of Buhari s administration was to make Nigeria the pre eminent manufacturing hub in Sub Saharan Africa and a major exporter of locally made products to West African sub region the rest of Africa and indeed the World The Project MINE Made in Nigeria for Export a Presidential Initiative under the supervision of the Minister of Industry Trade and Investment was developed to establish world class SEZs across Nigeria and boost the manufacturing of Made in Nigeria goods for export regionally and globally The Project MINE was designed to achieve some very important economic goals that would put Nigeria on the world map and increase manufacturing sector s contribution to GDP to 20 per cent According to the document Project MINE will create 1 5 million new direct jobs and generate over 30 billion annually in foreign exchange earnings by 2025 amongst others
    Presidency raises concern over misrepresentation of N42bn SEZ plans
     Presidency raises concern over misrepresentation of N42bn SEZ plans SEZ Abuja April 15 2019 The presidency has expressed concern that plans of the President Muhammadu Buhari administration to fast track Nigeria s industrial development through the Special Economic Zones SEZ was being misrepresented in the public including at a recent public hearing in the Senate The presidency in a document made available to the News Agency of Nigeria on Monday in Abuja said that SEZ was discussed and approved by the Federal Executive Council FEC The Senate had recently rejected the N15 63 billion budget proposals of the Federal Ministry of Industry Trade and Investment for 2019 because of the Nigeria Special Economic Zones Investment Company NSEZCO listed for N42 billion appropriation The document said there was a firm resolve in the Executive arm of government to clarify issues and keep the SEZ plans and the strategy adopted and already approved by the FEC The discovery that a government parastatal in the Industry Trade and Industry Ministry the Nigeria Export Processing Zone Authority NEPZA is said to have created a confusion when it s top officials misinformed some members of the Senate about funds allotted for the implementation of the SEZ via the establishment of a PPP special vehicle firm named NSEZCO While NEPZA had argued that the allocation of over N42 billion to NSEZCO ought to be allocated to it rather than NSEZCO the Attorney General to the Federation AGF had clarified the law The AGF explained that it was proper for the money to be allocated to the implementing liability company NSEZCO formed for the specific purpose as the Industry Trade and Investment Minister had done But despite the clarifications from the Attorney General and the direction of the Industry Minister officials of NEPZA were alleged to have surreptitiously taken the matter to some Senators causing a misunderstanding of the strategy adopted for the implementation of the Special Economic Zones Both the president and the vice president are said to be concerned that such a conduct of some of NEPZA officials if proven would be a flagrant disobedience of clear presidential directives and initiatives At the recent FEC meeting held after the Senate public hearing sources said the Council chaired by the President himself reaffirmed the plans and strategies designed by the Industry Ministry A clarification from the Executive arm of government to the Senate on the issues it has raised on the interim company directors and the need for the investment firm NSEZCO may have been delivered The document said that when the Minister of Industry Trade and Investment Dr Okechukwu Enelamah presented the ministry s 2019 Budget details to the relevant Senate committee questions were raised about the creation of a limited liability company with 25 per cent of Federal Government interest It said there were also concerns about the retention of three Federal Government officials as directors and the allocation of government s funds to the company The document said that between the Federal Government and the institutional investors the investment company NSEZCO was expected to raise 500 million dollars in equity by 2023 While many of the strategic investors have already signed on the MINE project which the NSEZCO will be delivering has secured significant international partnerships already For instance Shandong Ruyi the leading textile and garment group in China has already announced its commitment to invest 2 billion dollars to the cotton textile and garment industry for the Special Economic free trading Zones the NSEZCO will put up in Abia Kano and Lagos States Equally CCCG Industrial Investment Holding Company CIHC of China which is ranked 91st in Fortune 500 and is the third largest international contractor in the world has also signed a letter of intent to invest in the forthcoming Special Economic Zone in Lekki specifically in the areas of power water access roads and bridges These are some of the critical and significant plans that few NEPZA officials are trying to scuttle Some of the Special Economic Zone projects are the much talked about Enyimba Economic City in Abia the Lekki Epe Model Industrial Park Funtua Cotton Cluster and several others being planned for Edo Kwara Sokoto Ebonyi and Benue States among others It said that the vision of Buhari s administration was to make Nigeria the pre eminent manufacturing hub in Sub Saharan Africa and a major exporter of locally made products to West African sub region the rest of Africa and indeed the World The Project MINE Made in Nigeria for Export a Presidential Initiative under the supervision of the Minister of Industry Trade and Investment was developed to establish world class SEZs across Nigeria and boost the manufacturing of Made in Nigeria goods for export regionally and globally The Project MINE was designed to achieve some very important economic goals that would put Nigeria on the world map and increase manufacturing sector s contribution to GDP to 20 per cent According to the document Project MINE will create 1 5 million new direct jobs and generate over 30 billion annually in foreign exchange earnings by 2025 amongst others
    Presidency raises concern over misrepresentation of N42bn SEZ plans
    Economy3 years ago

    Presidency raises concern over misrepresentation of N42bn SEZ plans

    Presidency raises concern over misrepresentation of N42bn SEZ plans

    SEZ

    Abuja, April 15, 2019 The presidency has expressed concern  that plans of the President Muhammadu Buhari administration to fast-track Nigeria’s industrial development through the Special Economic Zones (SEZ) was being misrepresented in the public, including at a recent public hearing in the Senate.

    The presidency, in a document made available to the News Agency of Nigeria on Monday in Abuja, said that SEZ was discussed and approved by the Federal Executive Council (FEC).

    The Senate had recently rejected the N15.63 billion budget proposals of the Federal Ministry of Industry, Trade and Investment for 2019 because of the Nigeria Special Economic Zones Investment Company (NSEZCO), listed for N42 billion appropriation.

    The document said there was a firm resolve in the Executive arm of government to clarify issues and keep the SEZ plans and the strategy adopted and already approved by the FEC.

    “The discovery that a government parastatal in the Industry, Trade and Industry Ministry, the Nigeria Export Processing Zone Authority (NEPZA) is said to have created a confusion when it’s top officials misinformed some members of the Senate about funds allotted for the implementation of the SEZ via the establishment of a PPP special vehicle firm named  NSEZCO.

    “While NEPZA had argued that the allocation of over N42 billion to NSEZCO ought to be allocated to it, rather than NSEZCO, the Attorney-General to the Federation (AGF) had clarified the law.

    “The AGF explained that it was proper for the money to be allocated to the implementing liability company, NSEZCO, formed for the specific purpose as the Industry, Trade and Investment Minister had done.

    “But despite the clarifications from the Attorney-General and the direction of the Industry Minister, officials of NEPZA were alleged to have surreptitiously taken the matter to some Senators causing a misunderstanding of the strategy adopted for the implementation of the Special Economic Zones.

    “Both the president and the vice president are said to be concerned that such a conduct of some of NEPZA officials if proven would be a flagrant disobedience of clear presidential directives and initiatives.

    “ At the recent FEC meeting held after the Senate public hearing, sources said the Council, chaired by the President himself reaffirmed the plans and strategies designed by the Industry Ministry.

    “A clarification from the Executive arm of government to the Senate on the issues it has raised on the interim company directors and the need for the investment firm, NSEZCO may have been delivered.’’

    The document said that when the Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah presented the ministry’s 2019 Budget details to the relevant Senate committee, questions were raised about the creation of a limited liability company with 25 per cent of Federal Government interest.

    It said there were also concerns about the retention of three Federal Government officials as directors, and the allocation of government’s funds to the company.

    The document said that between the Federal Government and the institutional investors, the investment company, NSEZCO, was expected to raise 500 million dollars in equity by 2023.

    “While many of the strategic investors have already signed on, the MINE project which the NSEZCO will be delivering has secured significant international partnerships already.

    “ For instance Shandong Ruyi, the leading textile and garment group in China has already announced its commitment to invest 2 billion dollars to the cotton, textile and garment industry for the Special Economic, (free trading) Zones the NSEZCO will put up in Abia, Kano and Lagos States.

    “Equally, CCCG Industrial Investment Holding Company, CIHC, of China, which is ranked 91st in Fortune 500 and is the third largest international contractor in the world, has also signed a letter of intent to invest in the forthcoming Special Economic Zone in Lekki, specifically in the areas of power, water, access roads and bridges.

    “These are some of the critical and significant plans that few NEPZA officials are trying to scuttle

    “Some of the Special Economic Zone projects are the much talked about Enyimba Economic City in Abia, the Lekki-Epe Model Industrial Park, Funtua Cotton Cluster, and several others being planned for Edo, Kwara, Sokoto, Ebonyi, and Benue States among others.’’

    It said that the vision of Buhari’s administration was to make Nigeria the pre-eminent manufacturing hub in Sub-Saharan Africa and a major exporter of locally made products to West African sub-region, the rest of Africa and indeed the World.

    The Project MINE (Made in Nigeria for Export), a Presidential Initiative, under the supervision of the  Minister of Industry, Trade and Investment, was developed to establish “world-class” SEZs across Nigeria and boost the manufacturing of ‘Made in Nigeria’ goods for export, regionally and globally.

    The Project MINE was designed to achieve some very important economic goals that would put Nigeria on the world map and increase manufacturing sector’s contribution to GDP to 20 per cent.

    According to the document, Project MINE will create 1.5 million new direct jobs and generate over 30 billion annually in foreign exchange earnings by 2025, amongst others.

     

     

     

  •   Budget Abuja April 3 2019 The House of Representatives committee on Commerce has stepped down the budget consideration of the Ministry of Trade and Investment The step down was over the ministry s failure to appear before the Committee to defend the 2019 budget of the ministry The Chairman of the Committee Sylvester Ogbaga disclosed this during the budget defence session of the ministry of Trade and Investment on Thursday in Abuja The lawmaker said that this was the second time the budget defence of the ministry was being rescheduled He noted that last week it was the minister of Trade and Investment Mr Okechukwu Enelamah who requested the committee to reschedule the budget defence for Thursday April 4 2019 Ogbaga expressed concern that the minister travelled without notifying the committee that he would not be appearing personally to defend the 2019 budget or a written note to mandate the permanent secretary to represent him The chairman of the committee revealed that there were several grey areas in the 2018 budget of the ministry which the minister needed to clarify Ogbaga also disclosed that efforts to embark on an oversight to the ministry had been unsuccessful due to some unreasonable excuses from the minister The committee therefore issued a 24 hour ultimatum on the minister to appear before it or mandate the permanent secretary to represent him or risk zero allocation for ministry in the 2019 budget
    House suspends budget consideration for Ministry of Trade and Investment
      Budget Abuja April 3 2019 The House of Representatives committee on Commerce has stepped down the budget consideration of the Ministry of Trade and Investment The step down was over the ministry s failure to appear before the Committee to defend the 2019 budget of the ministry The Chairman of the Committee Sylvester Ogbaga disclosed this during the budget defence session of the ministry of Trade and Investment on Thursday in Abuja The lawmaker said that this was the second time the budget defence of the ministry was being rescheduled He noted that last week it was the minister of Trade and Investment Mr Okechukwu Enelamah who requested the committee to reschedule the budget defence for Thursday April 4 2019 Ogbaga expressed concern that the minister travelled without notifying the committee that he would not be appearing personally to defend the 2019 budget or a written note to mandate the permanent secretary to represent him The chairman of the committee revealed that there were several grey areas in the 2018 budget of the ministry which the minister needed to clarify Ogbaga also disclosed that efforts to embark on an oversight to the ministry had been unsuccessful due to some unreasonable excuses from the minister The committee therefore issued a 24 hour ultimatum on the minister to appear before it or mandate the permanent secretary to represent him or risk zero allocation for ministry in the 2019 budget
    House suspends budget consideration for Ministry of Trade and Investment
    General news3 years ago

    House suspends budget consideration for Ministry of Trade and Investment

     

    Budget

    Abuja, April 3, 2019 The House of Representatives committee on Commerce, has stepped down the budget consideration of the Ministry of Trade and Investment.

    The step down was over the ministry’s failure to appear before the Committee to defend the 2019 budget of the ministry.

    The Chairman of the Committee,  Sylvester Ogbaga, disclosed this during the budget defence session of the ministry of Trade and Investment on Thursday in Abuja.

    The lawmaker said that this was the second time the budget defence of the ministry was being  rescheduled.

    He noted that last week, it was the minister of Trade and Investment Mr Okechukwu Enelamah, who requested the committee to reschedule the budget defence for Thursday April 4, 2019.

    Ogbaga, expressed concern that the minister travelled without notifying the committee that he would  not be appearing personally to defend the 2019 budget or a written note to mandate the permanent secretary to represent him.

    The chairman of the committee, revealed that there were several grey areas in the 2018 budget of the ministry which the minister needed to clarify.

    Ogbaga also disclosed that efforts to embark on an oversight to the ministry had been unsuccessful due to some unreasonable excuses from the minister.

    The committee therefore, issued a 24-hour ultimatum on the minister to appear before it or mandate the permanent secretary to represent him or risk zero allocation for ministry in the 2019 budget.

  •   University By Kabir Muhammad Abuja Jan 31 2019 NNN The Federal Capital Territory Administration FCTA is set to partner with the Nigerian University of Technology and Management Project group to build a world class university of technology and management in the FCT The FCT Minister Malam Muhammad Bello disclosed this while receiving executives of the group led by the Minister of Trade and Investment Dr Okechukwu Enelamah Thursday in Abuja According to Bello the project is in furtherance of the plan of the FCT Administration to have specialised institutions in phases 4 and 5 of the territory The minister while noting that Abuja had matured in population and infrastructure said the FCT Administration will give the group all the support to ensure that the project commenced quickly Bello said arrangements were being made in the interim to situate the project within the premises of the Abuja University of Technology Abaji or the Abuja Technology village We are developing a new area which is called phase 5 in the southern axis of the city and within phase 5 we are earmarking an area that could basically accommodate what you did in Hyderabad It is not just going to be yours alone but other institutions that have similar ideas and we are doing so because we have a major arterial road network that is going to connect phase 3 4 and phase 5 and part of it is under construction already We are now concentrating on so many other things the industrial zone medical and even school facilities Now even within the educational system we are now targeting more of specialised institutions because by the natural phase of growth the city has reached a point where it requires that he said The Minister of Trade and Investment Dr Okechukwu Enelamah said Nigeria was very privileged to have a group of investors who had gone through the system They were trained by such universities contributed and given back to their own societies by building such institutions He said they were now going beyond the call of duty to help Nigeria in building such a university The Senior Advisor NUTM Rajat Gupta emphasised that public private partnership would be required to create such world class institution in the country Gupta disclosed that the project would require several years and possibly decades of commitment to make it worthwhile He however added that its impact as an educational institution would be felt in the country for hundreds of years to come We started a business school in the middle of nowhere in the City of Hyderabad and there was nothing around it We built the campus and we created the school and then everything started developing around it A lot of businesses were incubated a lot of global companies such as Microsoft moved in various technology and finance companies moved in and now it has become the most vibrant part of the city he said The NUTM senior advisor hoped that the university would do for Nigeria what similar ones had done for Malaysia and India NNN KM AMY Edited by Abdullahi Yusuf
    FCTA partners Indian group toward world class technology varsity
      University By Kabir Muhammad Abuja Jan 31 2019 NNN The Federal Capital Territory Administration FCTA is set to partner with the Nigerian University of Technology and Management Project group to build a world class university of technology and management in the FCT The FCT Minister Malam Muhammad Bello disclosed this while receiving executives of the group led by the Minister of Trade and Investment Dr Okechukwu Enelamah Thursday in Abuja According to Bello the project is in furtherance of the plan of the FCT Administration to have specialised institutions in phases 4 and 5 of the territory The minister while noting that Abuja had matured in population and infrastructure said the FCT Administration will give the group all the support to ensure that the project commenced quickly Bello said arrangements were being made in the interim to situate the project within the premises of the Abuja University of Technology Abaji or the Abuja Technology village We are developing a new area which is called phase 5 in the southern axis of the city and within phase 5 we are earmarking an area that could basically accommodate what you did in Hyderabad It is not just going to be yours alone but other institutions that have similar ideas and we are doing so because we have a major arterial road network that is going to connect phase 3 4 and phase 5 and part of it is under construction already We are now concentrating on so many other things the industrial zone medical and even school facilities Now even within the educational system we are now targeting more of specialised institutions because by the natural phase of growth the city has reached a point where it requires that he said The Minister of Trade and Investment Dr Okechukwu Enelamah said Nigeria was very privileged to have a group of investors who had gone through the system They were trained by such universities contributed and given back to their own societies by building such institutions He said they were now going beyond the call of duty to help Nigeria in building such a university The Senior Advisor NUTM Rajat Gupta emphasised that public private partnership would be required to create such world class institution in the country Gupta disclosed that the project would require several years and possibly decades of commitment to make it worthwhile He however added that its impact as an educational institution would be felt in the country for hundreds of years to come We started a business school in the middle of nowhere in the City of Hyderabad and there was nothing around it We built the campus and we created the school and then everything started developing around it A lot of businesses were incubated a lot of global companies such as Microsoft moved in various technology and finance companies moved in and now it has become the most vibrant part of the city he said The NUTM senior advisor hoped that the university would do for Nigeria what similar ones had done for Malaysia and India NNN KM AMY Edited by Abdullahi Yusuf
    FCTA partners Indian group toward world class technology varsity
    Agriculture4 years ago

    FCTA partners Indian group toward world class technology varsity

    University

    By Kabir Muhammad

    Abuja, Jan. 31, 2019 (NNN) The Federal Capital Territory Administration (FCTA) is set to partner with the Nigerian University of Technology and Management Project group to build a world class university of technology and management in the FCT.

    The FCT Minister, Malam Muhammad Bello, disclosed this while receiving executives of the group led by the Minister of Trade and Investment, Dr Okechukwu Enelamah, Thursday in Abuja.

    According to Bello, the project is in furtherance of the plan of the FCT Administration to have specialised institutions in phases 4 and 5 of the territory.

    The minister while noting that Abuja had matured in population and infrastructure, said the FCT Administration will give the group all the support to ensure that the project commenced quickly.

    Bello said arrangements were being made in the interim, to situate the project within the premises of the Abuja University of Technology, Abaji or the Abuja Technology village.

    “We are developing a new area which is called phase 5 in the southern axis of the city and within phase 5, we are earmarking an area that could basically accommodate what you did in Hyderabad.

    “It is not just going to be yours alone, but other institutions that have similar ideas and we are doing so because we have a major arterial road network that is going to connect phase 3, 4 and phase 5 and part of it is under construction already.

    “We are now concentrating on so many other things, the industrial zone, medical and even school facilities.

    “Now even within the educational system, we are now targeting more of specialised institutions because by the natural phase of growth, the city has reached a point where it requires that,” he said.

    The Minister of Trade and Investment, Dr Okechukwu Enelamah, said Nigeria was very privileged to have a group of investors who had gone through the system.

    They were trained by such universities, contributed and given back to their own societies by building such institutions.

    He said they were now going beyond the call of duty to help Nigeria in building such a university.

    The Senior Advisor (NUTM), Rajat Gupta, emphasised that public-private partnership would be required to create such world class institution in the country.

    Gupta disclosed that the project would require several years and possibly decades of commitment to make it worthwhile.

    He, however, added that its impact as an educational institution would be felt in the country for hundreds of years to come.

    “We started a business school in the middle of nowhere in the City of Hyderabad and there was nothing around it.

    “We built the campus and we created the school and then everything started developing around it.

    “A lot of businesses were incubated, a lot of global companies such as Microsoft moved in; various technology and finance companies moved in and now it has become the most vibrant part of the city,” he said.

    The NUTM senior advisor hoped that the university would do for Nigeria what similar ones had done for Malaysia and India.(NNN)

    KM/AMY

    Edited by Abdullahi Yusuf

  •   Export By Ismaila Chafe Abuja Feb 8 2019 NNN President Muhammadu Buhari says the implementation of the Federal Government s Made in Nigeria for Exports MINE will generate 30billion dollars and create 1 5million jobs by 2025 MINE is a presidential special priority intervention programme implemented by the Ministry of Industry Trade and Investment but under Buhari s direct supervision The president stated this at the signing of agreement between Nigeria Special Economic Zones SEZ Investment Company and Strategic Investment Partners at the State House Abuja on Friday According to him MINE is using Special Economic Zones to achieve the objectives of boosting the share of manufacturing in Gross Domestic Product to 20 per cent Under my direct supervision the Minister of Industry Trade and Investment is implementing Project MINE Made in Nigeria for Exports as a Presidential special priority intervention using Special Economic Zones to achieve the objectives of boosting manufacturing s share of GDP to 20 generating 30bn in annual export earnings and creating 1 5 million new jobs all by 2025 In order to achieve these ambitious objectives we are implementing a comprehensive plan including but not limited to the following We have set up the Nigeria SEZ Investment Company Limited as a vehicle for participating in Public Private Partnerships involving Federal and State governments and local and foreign private investors This company will develop new Special Economic Zones all over the country offering advanced infrastructure and facilities at competitive costs he said The president revealed that the projects in the pilot phase included Enyimba Economic City Funtua Cotton Cluster and Lekki Model Industrial Park He announced that experienced SEZ developers and operators were needed to partner with the government to upgrade its Free Trade Zones in Calabar and Kano and to offer first class standards of infrastructure and facilities He said Whilst we await the completion of the process of bringing in these investors the Federal Executive Council has approved the award of contracts in excess of N19 45 billion for the needed investment in Calabar and Kano Free Trade Zones and work is currently ongoing This is the highest amount of capital investment ever in the history of these zones The President said the federal government had allocated funds to upgrade the capabilities of management and the systems in the Nigeria Export Processing Zones Authority to strengthen it as a regulator of the SEZ He added that government was also allocating substantial resources to the provision of outside the fence infrastructure to ensure that SEZ are connected to global regional and domestic markets We are reviewing our incentive framework to ensure competitiveness relative to the other countries with whom we are in the race to attract export oriented global manufacturing investment We will extend the early successes we have achieved in Ease of Doing Business to the areas critical to globally competitive export oriented manufacturing operations he said The president thanked the investment partners including the Africa Export and Import Bank AFREXIM Africa Finance Corporation AFC Bank of Industry BOI Nigerian Sovereign Investment Authority NSIA and the African Development Bank AFDB for their support for the initiative Earlier in his remarks the Minister of Industry Trade and Investment Mr Okechukwu Enelamah explained that the agreement would actualise the nation s industrialisation agenda and provision of infrastructural facilities He thanked the president for approving resources to attract world class advisers for the implementation of the initiative The News Agency of Nigeria NNN reports that those who signed the agreement included President Afreximbank Dr Benedict Oramah the Managing Director Bank of Industry Mr Olukayode Pitan and the Managing Director of the Nigerian Sovereign Investment Authority Mr Uche Orji NNN SYC IS
    We’ll generate b, 1.5m jobs from `Made in Nigeria for Export’ – Buhari
      Export By Ismaila Chafe Abuja Feb 8 2019 NNN President Muhammadu Buhari says the implementation of the Federal Government s Made in Nigeria for Exports MINE will generate 30billion dollars and create 1 5million jobs by 2025 MINE is a presidential special priority intervention programme implemented by the Ministry of Industry Trade and Investment but under Buhari s direct supervision The president stated this at the signing of agreement between Nigeria Special Economic Zones SEZ Investment Company and Strategic Investment Partners at the State House Abuja on Friday According to him MINE is using Special Economic Zones to achieve the objectives of boosting the share of manufacturing in Gross Domestic Product to 20 per cent Under my direct supervision the Minister of Industry Trade and Investment is implementing Project MINE Made in Nigeria for Exports as a Presidential special priority intervention using Special Economic Zones to achieve the objectives of boosting manufacturing s share of GDP to 20 generating 30bn in annual export earnings and creating 1 5 million new jobs all by 2025 In order to achieve these ambitious objectives we are implementing a comprehensive plan including but not limited to the following We have set up the Nigeria SEZ Investment Company Limited as a vehicle for participating in Public Private Partnerships involving Federal and State governments and local and foreign private investors This company will develop new Special Economic Zones all over the country offering advanced infrastructure and facilities at competitive costs he said The president revealed that the projects in the pilot phase included Enyimba Economic City Funtua Cotton Cluster and Lekki Model Industrial Park He announced that experienced SEZ developers and operators were needed to partner with the government to upgrade its Free Trade Zones in Calabar and Kano and to offer first class standards of infrastructure and facilities He said Whilst we await the completion of the process of bringing in these investors the Federal Executive Council has approved the award of contracts in excess of N19 45 billion for the needed investment in Calabar and Kano Free Trade Zones and work is currently ongoing This is the highest amount of capital investment ever in the history of these zones The President said the federal government had allocated funds to upgrade the capabilities of management and the systems in the Nigeria Export Processing Zones Authority to strengthen it as a regulator of the SEZ He added that government was also allocating substantial resources to the provision of outside the fence infrastructure to ensure that SEZ are connected to global regional and domestic markets We are reviewing our incentive framework to ensure competitiveness relative to the other countries with whom we are in the race to attract export oriented global manufacturing investment We will extend the early successes we have achieved in Ease of Doing Business to the areas critical to globally competitive export oriented manufacturing operations he said The president thanked the investment partners including the Africa Export and Import Bank AFREXIM Africa Finance Corporation AFC Bank of Industry BOI Nigerian Sovereign Investment Authority NSIA and the African Development Bank AFDB for their support for the initiative Earlier in his remarks the Minister of Industry Trade and Investment Mr Okechukwu Enelamah explained that the agreement would actualise the nation s industrialisation agenda and provision of infrastructural facilities He thanked the president for approving resources to attract world class advisers for the implementation of the initiative The News Agency of Nigeria NNN reports that those who signed the agreement included President Afreximbank Dr Benedict Oramah the Managing Director Bank of Industry Mr Olukayode Pitan and the Managing Director of the Nigerian Sovereign Investment Authority Mr Uche Orji NNN SYC IS
    We’ll generate b, 1.5m jobs from `Made in Nigeria for Export’ – Buhari
    Economy4 years ago

    We’ll generate $30b, 1.5m jobs from `Made in Nigeria for Export’ – Buhari

    Export
    By Ismaila Chafe
    Abuja, Feb. 8, 2019 (NNN) President Muhammadu Buhari says the implementation of the Federal Government’s Made in Nigeria for Exports (MINE) will generate 30billion dollars and create 1.5million jobs by 2025.

    MINE is a presidential special priority intervention programme implemented by the Ministry of Industry, Trade and Investment, but under Buhari’s direct supervision.

    The president stated this at the signing of agreement between Nigeria Special Economic Zones (SEZ) Investment Company and Strategic Investment Partners at the State House, Abuja on Friday.

    According to him, MINE is using Special Economic Zones to achieve the objectives of boosting the share of manufacturing in Gross Domestic Product to 20 per cent.

    “Under my direct supervision, the Minister of Industry, Trade and Investment is implementing Project MINE (Made in Nigeria for Exports) as a Presidential special priority intervention using Special Economic Zones to achieve the objectives of; boosting manufacturing’s share of GDP to 20%, generating $30bn in annual export earnings; and creating 1.5 million new jobs all by 2025.

    “In order to achieve these ambitious objectives, we are implementing a comprehensive plan including but not limited to the following:

    “We have set up the Nigeria SEZ Investment Company Limited as a vehicle for participating in Public Private Partnerships involving Federal and State governments and local and foreign private investors.

    “This company will develop new Special Economic Zones all over the country, offering advanced infrastructure and facilities at competitive costs,’’ he said.

    The president revealed that the projects in the pilot phase included Enyimba Economic City, Funtua Cotton Cluster and Lekki Model Industrial Park.

    He announced that experienced SEZ developers and operators were needed to partner with the government to upgrade its Free Trade Zones in Calabar and Kano, and to offer first-class standards of infrastructure and facilities.

    He said: “Whilst we await the completion of the process of bringing in these investors, the Federal Executive Council has approved the award of contracts in excess of N19.45 billion for the needed investment in Calabar and Kano Free Trade Zones and work is currently ongoing.

    “This is the highest amount of capital investment ever in the history of these zones.’’

    The President said the federal government had allocated funds to upgrade the capabilities of management and the systems in the Nigeria Export Processing Zones Authority, to strengthen it as a regulator of the SEZ.

    He added that government was also allocating substantial resources to the provision of “outside the fence” infrastructure to ensure that SEZ are connected to global, regional and domestic markets.

    “We are reviewing our incentive framework to ensure competitiveness relative to the other countries with whom we are in the race to attract export oriented global manufacturing investment.

    “We will extend the early successes we have achieved in Ease of Doing Business to the areas critical to globally competitive export-oriented manufacturing operations,’’ he said.

    The president thanked the investment partners including the Africa Export and Import Bank (AFREXIM); Africa Finance Corporation (AFC); Bank of Industry (BOI); Nigerian Sovereign Investment Authority (NSIA) and the African Development Bank (AFDB) for their support for the initiative.

    Earlier in his remarks, the Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, explained that the agreement would actualise the nation’s industrialisation agenda and provision of infrastructural facilities.

    He thanked the president for approving resources to attract world class advisers for the implementation of the initiative.

    The News Agency of Nigeria (NNN) reports that those who signed the agreement included President Afreximbank, Dr Benedict Oramah; the Managing Director, Bank of Industry, Mr Olukayode Pitan and the Managing Director of the Nigerian Sovereign Investment Authority, Mr Uche Orji. (NNN)
    SYC/IS
    ======

  •  The Minister of Industry Trade and Investment Mr Okechukwu Enelamah on Wednesday advised Nigerians to be innovative in order to boost the nation s economy Enelamah gave the advice in Nsukka at the First International Science Parks and Innovation Workshop It was organised by the University of Nigeria Nsukka UNN in collaboration with Ideon Science Park ISP Sweden and LundaVision AB Sweden Theme of the workshop is Science Parks and Innovation Ecosystem for National Development SPIE4ND The minister represented by Mr Emeka Ifezuruike a Senior Special Assistant said that the measures put in place by the administration of President Muhammadu Buhari had encouraged innovation Enelamah said that the Federal Government had provided enabling environment for both local and international businesses to thrive Under President Buhari s watch there has been an enabling environment for businesses to thrive that is why many investors both local and international are investing in the country The Federal Government has provided incentives for their business to grow because it knows the importance of small and medium enterprises Government will continue to do its best to encourage innovation which will go a long way in diversifying the country s economy the minister said He commended UNN for keying into the Federal Government s agenda on innovation by organising the Science Parks and Innovation International Workshop The minister said that what happened in the communication industry was an eloquent testimony that with innovation in other sectors of the economy the country would experience tremendous growth The innovation in communication industry has provided over one million jobs via network providers selling of phones and phone accessories The Nigerian economy as a result of innovation in the communication sector has attracted over 25 billion dollars trade investment in Nigeria If what happened in the communication sector can be replicated in all sectors of our economy unemployment will be reduced and the economy will move to the next level Enelamah said In his remarks Prof Benjamin Ozumba the Vice Chancellor of UNN said that the Science Parks and Innovation Workshop was another step to restore the dignity of man Ozumba said that the university would continue to sustain its leadership role in research and innovation aimed at contributing its quota to national technological development UNN organised this workshop as a march to sustain academic excellence research and innovation which are inevitable in rapid technological development of any country Science Parks have positive effects on universities as they attract collaboration from all over the world he said The vice chancellor said that countries like China Japan and Sweden had shifted from commodity based economy to knowledge driven economy as a result of application of science and innovation UNN is leveraging on its collaboration with Ideon Science Park and LundaVision AB Sweden to improve its research science and innovation This workshop is a modest effort to domesticate what we have learnt from our Swedish collaborator which will help in creating the needed culture of innovation in the university he said Edited by Adeleye Ajayi Olagoke Olatoye
    Minister advises Nigerians to be innovative to boost economy
     The Minister of Industry Trade and Investment Mr Okechukwu Enelamah on Wednesday advised Nigerians to be innovative in order to boost the nation s economy Enelamah gave the advice in Nsukka at the First International Science Parks and Innovation Workshop It was organised by the University of Nigeria Nsukka UNN in collaboration with Ideon Science Park ISP Sweden and LundaVision AB Sweden Theme of the workshop is Science Parks and Innovation Ecosystem for National Development SPIE4ND The minister represented by Mr Emeka Ifezuruike a Senior Special Assistant said that the measures put in place by the administration of President Muhammadu Buhari had encouraged innovation Enelamah said that the Federal Government had provided enabling environment for both local and international businesses to thrive Under President Buhari s watch there has been an enabling environment for businesses to thrive that is why many investors both local and international are investing in the country The Federal Government has provided incentives for their business to grow because it knows the importance of small and medium enterprises Government will continue to do its best to encourage innovation which will go a long way in diversifying the country s economy the minister said He commended UNN for keying into the Federal Government s agenda on innovation by organising the Science Parks and Innovation International Workshop The minister said that what happened in the communication industry was an eloquent testimony that with innovation in other sectors of the economy the country would experience tremendous growth The innovation in communication industry has provided over one million jobs via network providers selling of phones and phone accessories The Nigerian economy as a result of innovation in the communication sector has attracted over 25 billion dollars trade investment in Nigeria If what happened in the communication sector can be replicated in all sectors of our economy unemployment will be reduced and the economy will move to the next level Enelamah said In his remarks Prof Benjamin Ozumba the Vice Chancellor of UNN said that the Science Parks and Innovation Workshop was another step to restore the dignity of man Ozumba said that the university would continue to sustain its leadership role in research and innovation aimed at contributing its quota to national technological development UNN organised this workshop as a march to sustain academic excellence research and innovation which are inevitable in rapid technological development of any country Science Parks have positive effects on universities as they attract collaboration from all over the world he said The vice chancellor said that countries like China Japan and Sweden had shifted from commodity based economy to knowledge driven economy as a result of application of science and innovation UNN is leveraging on its collaboration with Ideon Science Park and LundaVision AB Sweden to improve its research science and innovation This workshop is a modest effort to domesticate what we have learnt from our Swedish collaborator which will help in creating the needed culture of innovation in the university he said Edited by Adeleye Ajayi Olagoke Olatoye
    Minister advises Nigerians to be innovative to boost economy
    Science & Technology5 years ago

    Minister advises Nigerians to be innovative to boost economy

    The Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, on Wednesday advised Nigerians to be innovative in order to boost the nation’s economy.

    Enelamah gave the advice in Nsukka at the First International Science Parks and Innovation Workshop.

    It was organised by the University of Nigeria, Nsukka (UNN), in collaboration with Ideon Science Park (ISP), Sweden and LundaVision AB, Sweden.

    Theme of the workshop is: “Science Parks and Innovation Ecosystem for National Development (SPIE4ND).’’

    The minister, represented by Mr Emeka Ifezuruike, a Senior Special Assistant, said that the measures put in place by the administration of President Muhammadu Buhari had encouraged innovation.

    Enelamah said that the Federal Government had provided enabling environment for both local and international businesses to thrive.

    “Under President Buhari’s watch, there has been an enabling environment for businesses to thrive that is why many investors, both local and international, are investing in the country.

    “The Federal Government has provided incentives for their business to grow, because it knows the importance of small and medium enterprises.

    “Government will continue to do its best to encourage innovation which will go a long way in diversifying the country’s economy,’’ the minister said.

    He commended UNN for keying into the Federal Government’s agenda on innovation by organising the Science Parks and Innovation International Workshop.

    The minister said that what happened in the communication industry was an eloquent testimony that with innovation in other sectors of the economy, the country would experience tremendous growth.

    “The innovation in communication industry has provided over one million jobs via network providers, selling of phones and phone accessories.

    “The Nigerian economy, as a result of innovation in the communication sector, has attracted over 25 billion dollars trade investment in Nigeria.

    “If what happened in the communication sector can be replicated in all sectors of our economy, unemployment will be reduced and the economy will move to the next level,’’ Enelamah said.

    In his remarks, Prof. Benjamin Ozumba, the Vice-Chancellor of UNN, said that the Science Parks and Innovation Workshop was another step to restore the dignity of man.

    Ozumba said that the university would continue to sustain its leadership role in research and innovation aimed at contributing its quota to national technological development.

    UNN organised this workshop as a march to sustain academic excellence, research and innovation, which are inevitable in rapid technological development of any country.

    “Science Parks have positive effects on universities as they attract collaboration from all over the world,’’ he said.

    The vice-chancellor said that countries like China, Japan and Sweden had shifted from commodity-based economy to knowledge-driven economy as a result of application of science and innovation.

    UNN is leveraging on its collaboration with Ideon Science Park and LundaVision AB, Sweden, to improve its research, science and innovation.

    “This workshop is a modest effort to domesticate what we have learnt from our Swedish collaborator, which will help in creating the needed culture of innovation in the university,’’ he said.

    Edited by: Adeleye Ajayi/Olagoke Olatoye

     

  •  The Minister of Industry Trade and Investment Dr Okechukwu Enelamah has been elected Vice Chairperson Africa for the 11th World Trade Organisation WTO Ministerial Conference The UN trade agency said Enelamah s election alongside two others was decided at the meeting of the WTO General Council in Geneva on July 26 At a General Council meeting on 26 July WTO members elected three officials to serve as Vice Chairs for the WTO s 11th Ministerial Conference MC11 in Buenos Aires The officials are Dr Okechukwu Enelamah Minister of Industry Trade and Investment Nigeria Mr Todd McClay Minister of Trade New Zealand Mr Edward Yau Secretary for Commerce and Economic Development Hong Kong China On 18 May 2017 the General Council agreed to elect Minister Susana Malcorra of Argentina to chair MC11 The Ministerial Conference will take place on 10 to 13 December 2017 The WTO General Council acts on behalf of the Ministerial Conference on all WTO affairs Enelamah s election is considered as a very important recognition of Nigeria s leadership role at the WTO and contributions on global trade policies The Ministerial Conference which meets every two years is the topmost decision making body of the WTO It meets as the Dispute Settlement and Trade Policy Review Body to oversee procedures for settling disputes between members and to analyse members trade policies It also brings together members of the organisation all of which are countries or customs unions and can take decisions on matters under any of the multilateral trade agreements APT
    Enelamah elected Vice-Chair WTO Ministerial Conference
     The Minister of Industry Trade and Investment Dr Okechukwu Enelamah has been elected Vice Chairperson Africa for the 11th World Trade Organisation WTO Ministerial Conference The UN trade agency said Enelamah s election alongside two others was decided at the meeting of the WTO General Council in Geneva on July 26 At a General Council meeting on 26 July WTO members elected three officials to serve as Vice Chairs for the WTO s 11th Ministerial Conference MC11 in Buenos Aires The officials are Dr Okechukwu Enelamah Minister of Industry Trade and Investment Nigeria Mr Todd McClay Minister of Trade New Zealand Mr Edward Yau Secretary for Commerce and Economic Development Hong Kong China On 18 May 2017 the General Council agreed to elect Minister Susana Malcorra of Argentina to chair MC11 The Ministerial Conference will take place on 10 to 13 December 2017 The WTO General Council acts on behalf of the Ministerial Conference on all WTO affairs Enelamah s election is considered as a very important recognition of Nigeria s leadership role at the WTO and contributions on global trade policies The Ministerial Conference which meets every two years is the topmost decision making body of the WTO It meets as the Dispute Settlement and Trade Policy Review Body to oversee procedures for settling disputes between members and to analyse members trade policies It also brings together members of the organisation all of which are countries or customs unions and can take decisions on matters under any of the multilateral trade agreements APT
    Enelamah elected Vice-Chair WTO Ministerial Conference
    Foreign5 years ago

    Enelamah elected Vice-Chair WTO Ministerial Conference

    The Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, has been elected Vice-Chairperson (Africa) for the 11th World Trade Organisation (WTO) Ministerial Conference.

    The UN trade agency said Enelamah’s election alongside two others was decided at the meeting of the WTO General Council in Geneva on July 26.

    “At a General Council meeting on 26 July, WTO members elected three officials to serve as Vice Chairs for the WTO’s 11th Ministerial Conference (MC11) in Buenos Aires.

    “The officials are: Dr Okechukwu Enelamah, Minister of Industry, Trade and Investment (Nigeria); Mr Todd McClay, Minister of Trade (New Zealand); Mr Edward Yau, Secretary for Commerce and Economic Development (Hong Kong, China).

    “On 18 May 2017, the General Council agreed to elect Minister Susana Malcorra of Argentina to chair MC11. The Ministerial Conference will take place on 10 to 13 December 2017.”

    The WTO General Council acts on behalf of the Ministerial Conference on all WTO affairs.

    Enelamah’s election is considered as a very important recognition of Nigeria’s leadership role at the WTO and contributions on global trade policies.

    The Ministerial Conference, which meets every two years, is the topmost decision-making body of the WTO.

    It meets as the Dispute Settlement and Trade Policy Review Body to oversee procedures for settling disputes between members and to analyse members’ trade policies.

    It also brings together members of the organisation, all of which are countries or customs unions and can take decisions on matters under any of the multilateral trade agreements. 

    APT/