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Agricultural investment likely to fail if insecurity persists — LCCI to FG

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By Omolola Dede Adeyanju

The Lagos Chamber for Commerce and Industry (LCCI) has cautioned the federal government to tackle insecurity to reap its investments in agriculture.

This was enumerated in a press statement signed by the Director General of the association, Dr. Chinyere Almona FCA, yesterday as a review on the new year’s address of the country’s President, President Bola Ahmed Tinubu.

The statement reads, “LCCI cautions that the productivity of the farmlands and the effectiveness of investments in food production are subject to adequate security measures. Investment in agriculture has a limited chance of success as long as the Government fails to deal with the security issues.

“LCCI recommends that the Government consider fast-tracking the movement of the Police from the Exclusive list to the Concurrent list to be legislated upon by the Federal and State Governments. This will guarantee effective policing of the nooks and crannies of the society, particularly the farmlands.”

According to the DG, “As the voice and representative of the business community, we acknowledge the challenges faced in the past year and commend the President for his commitment to addressing critical issues that impact the economic landscape of Nigeria.

”The Chamber carefully reviewed the President’s speech as he highlighted vital aspects of his administration’s achievements and challenges faced and outlined plans to address these critical concerns.”

The DG further explained that LCCI has identified positive and concerning elements from the address to foster constructive dialogue and provide a comprehensive analysis. Stating that the commitment to power projects, including the Siemens Energy initiative and efforts to enhance the reliability of transmission lines, is a positive step towards addressing the critical issue of electricity supply, which aligns with the business community’s aspirations for a robust and diversified economy.

Dr Chinyere however noted that there is an urgent need to address the structure of the power sector.

“The Government needs to consider bringing private sector investment into the transmission segment of the power sector. This would ensure adequate technical and financial capacity for a well-functioning sector to power economic growth.

“The announcement of a new national living wage is a positive step towards ensuring the well-being of workers and promoting inclusive economic growth. The dedication to creating a conducive business environment is commendable.

“The assurance to simplify fiscal and tax policies, the commitment to removing obstacles hindering business competitiveness, and the call for collaboration with the private sector resonate well with the Chamber’s vision for a thriving business environment.”

The DG expressed that LCCI believes that while removing the fuel subsidy was necessary, its impact on individuals, families, and businesses, leading to discomfort, must be carefully managed.

She said, “The potential ripple effects on the cost of living and inflation must be closely monitored. Acknowledging the challenges of high inflation (above 28 percent) and an unacceptable under-employment rate is crucial. However, specific strategies to address these issues were not mentioned, leaving room for concerns about the impact on citizens.

”While efforts to address security challenges were mentioned, specific details on comprehensive security strategies were limited. The acknowledgment that security problems are not entirely solved raises questions about the effectiveness of current measures.”

LCCI commended the commitment to building a fair and equitable society and addressing inequalities.

Nonetheless, she expressed that specific policy measures to close the widening wealth gap are unclear. Despite the setting parameters for the evaluation of ministers and heads of agencies mentioned, there is a need for transparency in these evaluations to ensure accountability and performance improvement.

The Chamber urged the administration to provide more detailed plans and strategies to tackle these challenges, such as inflation, under-employment, security, and social inequality.

 

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AfDB to partner Ogun on Special Agro-industrial Processing Zone

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By Omobolaji Adekunle, Abeokuta

The African Development Bank (AfDB) has described Ogun State as a powerful ally in its development programmes and project implementation.

The Special Adviser to the President of the Bank on Industrialization, Professor Banji Oyelaran-Oyeyinka, made the assertion in an interview at the weekend, after a meeting with Governor Dapo Abiodun at the Governor’s Office, Oke-Mosan, Abeokuta.

He said the visit was to discuss One Agenda, Item 18, that focuses on the development of the Special Agro Industrial Processing Zone and to clarify the subsidiary loan agreement between the state and the Federal Government.

“Today, we have clarity on how best to develop the hub, including the Agricultural Transformation Centre, to ensure that the significant Zone arrangements see the light of the day,” the AFDB official said.

Also speaking, Commissioner for Agriculture, Mr. Bolu Owotomo said the state stands to gain from having many Agricultural Transformation Centres as they would feed the Special Agro Industrial Processing Zone with raw materials.

He said his ministry was currently distributing inputs to farmers as the farming season approaches to enable them to have bountiful harvest and improve their livelihood.

Owotomo also revealed that capacity building was being intensified by training Extension Officers to enlighten small holder farmers on how best to use the inputs given to them, calling on farmers to follow climate smart farming to plant for good harvest.

In a related development, the Standard Organisation of Nigeria (SON) said it has taken steps to guarantee the safety of trucks conveying Compressed Natural Gas (CNG) in the country.

This is in response to the explosion that occurred in Abeokuta last weekend.

The Director General of the Organisation, Dr. Ifeanyi  Chukwunoso Okeke disclosed this on Thursday after a meeting with Governor Abiodun at the Governor’s Office, Oke-Mosan, Abeokuta.

The Director General, who described the incident as unfortunate, said CNG remains a clean and cheapest fuel that is environmentally friendly and an alternative to other traditional petroleum products.

He said, “I am here in respect to the incident that occurred last Saturday. I am here to let the governor know that we now have safety standards that relate to the CNG operations, which President Bola Tinubu will launch on May 29 this year. As you all know, the President has directed that vehicles will now run on CNG, and CNG is the alternative to the traditional fuel, and it is environment friendly.

“I am also here to inform the governor that we now have two standards that have also been released and the standards will help us in ensuring that there is safety in the operations of CNG in the country.”

While sympathising with the family who lost their loved one and those who lost their means of livelihood, Dr. Okeke said his agency would look into the immediate and remote cause of the accident with a view to proffering a solution.

He noted that the federal government was committed to the use of the Compressed Natural Gas as an alternative to drive the country’s economy.

“It is a one off incident and we are going to look at what led to it and come up with measures to ensure that going forward, the CNG operations will be safe for all and ensure that the public is confident in its use,” he said.

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Shippers’ Council to clear 616 containers from Lagos ports

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By Seun Ibiyemi

The Nigerian Shippers’ Council (NSC) says it is taking immediate measures to remove 616 long-standing export containers trapped in Lagos ports.

The Executive Secretary, NSC, Mr Pius Akutah, said this when his team visited the APM Terminal Complex in Apapa, Lagos, on Friday.

He expressed concern over the growing number of abandoned export containers due to non-compliance with regulatory guidelines.

Akutah said there were plans to engage stakeholders to address the issue while emphasising  the importance of promoting ease of documentation for exporters.

“The council needs to quickly bring the service providers, regulators, government agencies and exporters together on one table to discuss and discover where the problem lies.

“We would also take up issues of awareness creation to sensitise exporters on how to comply with the export procedure.

“NSC will work towards promoting ease of documentation by exporters.

“The council needs to do that very quickly because the present situation is not helping the economy, especially as the government is trying to promote exports to earn scarce dollars,” Akutah said.

Akutah emphasised the need to put a mechanism in place to stop export containers that had not completed the necessary documentation from entering the port to avoid the pilling of overtime cargo.

Earlier, Government Relations Manager at APM Terminals, Kayode Daniel said that 1,940 containers had been in Apapa Port between zero day and 10 days, adding that 1,524 containers had stayed between 11 days and 20 days.

Daniel said that 757 containers had stayed between 21 days and 30 days, while 616 had stayed between 31 days and over two years, noting that this classified them as abandoned export containers.

He said that APM Terminals had been pushing for the evacuation of the trapped export containers and had received a commitment from shipping lines.

According to him, these include Maersk, CMA, CGA and Zim to move about 2,752 export containers out of the port in the next five days.

Daniel said that the inability of some exporters to complete the processes required for export containers to leave the port was creating operational bottlenecks for the terminal operator.

This, he noted, was by way of multiple handling of export containers.

Daniel said that exporters had been complaining of ineffective export procedures.

“The export procedures are not moving fast; not knowing the technicalities of their action or inaction because Customs will not authorise the loading of an export without proper documentation.

“There is an established process that is clearly defined by government agencies, but some exporters are not complying with it strictly,” he added.

The terminal manager, APM Terminals, Mr Steen Knudsen, said that technically, export containers were not supposed to stay within the port terminal for more than seven days, adding that all shipping lines come to Apapa on a weekly frequency.

Knudsen said that the terminal operator could not mandate the shipping line to load the container as it was an arrangement strictly between the exporter, Customs and the shipping line.

According to him, most of these export containers that arrive at the port were ‘good to go’ but it is only when they get to the port that Customs and other authorities will discover some missing elements.

He said that discovering the missing element by officials would enable the shipping line not to load the containers.

Knudsen said that the service providers, Shippers Council, Customs, Nigerian Ports Authority and other players need to work together to improve the export process in Nigerian ports.

Also contributing, the General Manager Legal of APM terminal, Mrs Chinenye Deinde, said there was a need to critically examine the export value chain to identify the source of the problem.

She said that the clearance needed for export was not only regulatory by the government, adding that shippers also need to pay the freight for the shipping line to lift the container.

Deinde said that the business agreement that the exporter enters into with the shipping line made it mandatory for the shipping company to lift the export boxes if only the exporter complies with all the trade guidelines.

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NIMASA urges investors to explore economic potentials of North East

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By Rauf Oyewole, Bauchi

The Nigeria Maritime Administration and Safety Agency (NIMASA) has wooed private sector players to take advantage of the economic potential of the North East region cutting across fishing, aquaculture, logistics transportation, and tourism.

The Director-General of the Agency, Dr. Dayo Mobereola, while speaking in Bauchi on Sunday during the ongoing North East Trade Fair, explained that the blue economy of the region is yet to be tapped while most of the youth in the region are unemployed which he said is fueling insecurity.

Speaking on a topic, “Harnessing the Blue Economy Potential for Entrepreneurial Development: A Panacea for Youth Restiveness,” Mobereola said that the subject of youth restiveness in Nigeria is alarming particularly in the North East and also across the country. He said that acts of violence, gruesome killings, hostage- taking, cultism, etc are some of the social vices that have characterised the region.

He said, “Youth restiveness in this region has taken political, religious, and economic dimensions, and as future leaders if this frond is not urgently checked it will spell doom for the Nigerian state. The youths of any given state are the engine of development, therefore, a society with educated, disciplined, well focused, and law-abiding youth will be heading for greatness but regrettably, this is not the situation in the region where fear and insecurity has become the order of the day.

“It is imperative that in order to bring this situation under control, there is need to realign entrepreneurial development to reflect the interest of Nigerian youths and also the need for government, organisations, stakeholders, and able individuals to promote and support entrepreneurship, hence in the heart of this are the demands to engage and empower our youth meaningfully.

“The blue economy offers a unique avenue to drive entrepreneurship, wealth creation and job opportunities in the region, paving the way for sustainable economic development and significantly alleviating youth restiveness,” he said.

Also speaking, the President of the Chamber of Commerce and Mining and Agriculture and Industry, Abdul Usman said that the is blessed with agriculture potential and called on major stakeholders to invest in agric. He commended NIMASA for its interest in the entrepreneurship potential of the region.

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