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FG unveils duty-free shopping village for diplomats

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Joel Oladele, Abuja

The Federal Government of Nigeria in compliance with the United Nations Vienna Convention on diplomatic relations, which exempts diplomats from all duties and taxes, has unveiled a duty free shopping village for diplomats, where they can enjoy tax-free goods and services in the Country.

Speaking at the ceremony in Abuja on Tuesday, the Minister of State for Foreign Affairs, Ambassador Zubairu Dada described the facility as a one-stop shopping village that will not only take care of all the needs of the diplomats in Abuja, but also help in reducing the level of shipment by individual diplomats.

He said, “No doubt, the services provided by the duty-free facility will drastically reduce the volume of diplomatic shipments into the Country.

“It is my hope that the services of the duty-free facility will further provide an additional platform and opportunity for members of the diplomatic community to enjoy this dividend stay in our country.

“I understand that the facility has different interesting and top-notch sections ranging from shopping centre, recreational services, spa, eye centre, restaurants, clinic, etc.

“This affirms that the Federal Government of Nigeria has so far demonstrated its commitment towards ensuring the success of the duty-free facility by giving the needed support for each operation, which will by no small measure, contribute immensely to the economic growth of Nigeria.”

Also speaking,  the Minister of Finance and National Planning, Zainab Ahmed said the establishment of the facility was important to ensure coordination of imports for the diplomats.

According to her, the decision was in compliance with the United Nations Convention on Diplomatic Relations of 1961 as domesticated by the Federal Republic of Nigeria, to the Diplomatic Immunities and Privileges Act number 42 of December 1962.

She noted that the Diplomatic Immunities and Privileges Act of 1962 empowered the Minister of Finance to exempt diplomats from all taxes including customs excise taxes, assuring them of adequate security in the course of their shopping activities or other interactions within and outside the immediate vicinity of the facility.

“The facility we are opening today is fitted with security instruments and will be guided by well equipped government security personnel drawn from several relevant agencies.

“Accordingly, members of the diplomatic corps and their staff and family members are guaranteed of adequate security in the course of their shopping activities or other interactions within and outside the immediate vicinity of this facility,” she said.

“The village will have strict control or cessation of individual requests for waivers on imported items by diplomats which presently, is largely uncoordinated and originated,” the finance minister said.

Earlier, the Managing Director of the Diplomatic Village, Uche Odozor, reiterated that the village would improve diplomatic relations between Nigeria and representatives of other countries and multilateral institutions in the country, adding that it was fulfilling to see the unveiling of an edifice that started in 2010.

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Meet silent achiever, Miriam Olusanya piloting GTB to increased profitability

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Miriam Olusanya made history in July 2021 as the first female Managing Director of Guaranty Trust Bank (GTB) one of Nigeria’s most successful banks.

With over 24 million customers, Guaranty Trust Bank is a leading African Bank that offers Online/Internet Banking, Retail Banking, Corporate Banking, Investment Banking and Asset management.

Despite her academic background in Pharmacy from the University of Ibadan and an MBA from the University of Liverpool, Olusanya has excelled in her role at GTBank.

Her performance has been instrumental in positioning the company as a leading financial holding company and enhancing its strategic capabilities in navigating operational challenges.

Recently, the Bank recorded the largest ever Profit before tax (PAT) in Nigeria’s Banking industry history.

Olusanya is an industrious and beautiful woman with the strength of a warrior and the ability to work magic with her skills. Her outstanding performance has significantly contributed to the growth of the financial institution and elevated the company’s standing within the financial industry.

Olusanya’s accomplishments have been acknowledged by Segun Agbaje, the Group CEO of Guaranty Trust Holding Company Plc (GTCO PLC), recognising her exceptional leadership. Her impressive track record at GT Group reflects her exceptional qualities as a business executive.

Under her leadership, Olusanya has demonstrated a commitment to promoting enterprise across the African continent and supporting indigenous small businesses.

For her excellent performance since assuming office, Miriam Olusanya is our Thriving Woman of the Week.

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Lagos Agriculture sector contributes N7trn to State’s GDP — Commissioner

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By Sodiq Adelakun

The Lagos State Government has revealed that the agriculture sector contributed N7 trillion to the state’s Gross Domestic Product (GDP) in 2024.

This disclosure was made by the State Commissioner for Agriculture, Abisola Olusanya, during the ongoing 2024 Ministerial Press Briefing at Alausa Ikeja, commemorating the first year of Governor Babajide Sanwo-Olu and his deputy, Kadri Hamzat’s second term in office.

In her words, Olusanya said, “In Nigeria, Agriculture contributes 25 percent to the GDP. But in Lagos, Agriculture encompasses a lot up to food production, so agriculture contributes N7 trillion in the last couple of years to the Lagos economy.

“This is to tell you that we have the potential, there is opportunity. We will not relent in terms of making it better,” she added.

In addition, the commissioner announced that the state government is collaborating with other states to ensure a steady supply of 200,000 tonnes of paddy required at the Imota Rice Mill.

She also revealed that at least 10,000 heads of cattle are slaughtered daily in the state.

However, she noted that there are significant data gaps and loopholes in the red meat production chain, which are often exploited by individuals. To address this, the state plans to utilise the logistics hub in Epe to improve data collection and plug the loopholes.

“The Lagos Rice Mill is 2 lines of 16MTPH integrated mill sited on 8.5 hectares of land at Imota. The rice mill has a capacity to produce 2.4 million bags of 50 kg bags of Rice yearly using 200,000 Metric tonnes of paddy annually.

“The Mill is part of the government’s commitment towards ensuring food security in the State which is a key component of the T.H.E.M.E.S + Development Agenda of Mr. Governor to make Lagos State a 21st Century economy,” She added.

Also speaking, Dr. Oluwarotimi Fashola, Special Adviser on Agriculture, reiterated the state government’s partnership with other states to ensure a steady supply of paddy.

“Because of the size of rice needed, Mr Governor signed an MOU with Niger state being the largest producer of paddy in the country.

“The Imota rice mill needed 200,000 tonnes of paddy. The partnership with other states is to ensure sustainability of production. We extend our hand of fellowship to all the South West states,” He added.

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Nigeria, France strengthen global migration partnership

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The Nigerian government is taking proactive steps to prevent illegal migration, by deploying cutting-edge technology to monitor and manage its land, maritime, and air borders.

The Minister of Interior, Dr. Olubunmi Tunji-Ojo, who stated this during a courtesy visit by the French Government led by the Ambassador in charge of Migration at the Ministry for Europe and Foreign Affairs, His Excellency Christophe Léonzi, stressed Nigeria’s commitment to curbing illegal migration while fostering cooperation with global partners.

Acknowledging migration as a natural phenomenon, Dr. Tunji-Ojo emphasised the government’s stance against illegal migration, expressing Nigeria’s willingness to support bilateral efforts to combat this challenge.

“An African problem is more of a European problem than an American or Asian problem because of our proximity. It is easier for people to find their way to Spain, France, Italy or the United Kingdom than to get into America or China. So, it means that the more we invest our energy and efforts into proactive strategies, the better it is for us,” the Minister said.

He highlighted the dynamic nature of illegal migration, stressing the need for continuous dialogue and proactive measures to stay ahead of traffickers’ evolving tactics.

The Minister further stated that the Ministry is streamlining the Nigerian visa application process on the basis of reciprocity, with priority on automation and a seamless access to INTERPOL data, to strengthen border control and security measures.

On its part, the French Government led by the Ambassador in charge of Migration at the Ministry for Europe and Foreign Affairs, His Excellency Christophe Léonzi, said the purpose of the visit was to foster cooperation between both countries.

Earlier before the engagement with the French delegation, the Minister of Interior had a closed meeting with the Technical Committee on the Enhancement of Security in the North led by Major General A.T. Jibrin (rtd).

Acknowledging progress since President Bola Ahmed Tinubu assumed office on May 29th, the Minister noted: “Yes, we are not where we want to be, but of course, we are not where we don’t want to be or used to be. Since May 29th when President Bola Ahmed Tinubu came on board, there has been a visible difference in terms of the security situation.”

The Permanent Secretary Dr. Aishetu Gogo Ndayako, Comptroller General of the Nigeria Immigration Service, Kemi Nana Nandap, and other high-ranking officials of the Ministry were present at both meetings.

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