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Oyo to partner investors for inaugural Tourism Summit

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The Oyo State Government has said that its first international tourism summit 2024 tagged #ITSOyoState2024 is geared towards unveiling the tourism potentials of the state to local and foreign investors for investment opportunities.

It noted that the summit will equally showcase the state’s tourism endowments and potential to the world.

Addressing a pre-event press conference held at the Press Briefing Room of the Governor’s Office, Secretariat, Agodi, Ibadan, the Oyo State Commissioner for Culture and Tourism and chairperson of the International Tourism Summit Planning Committee, Dr. Wasiu Olatubosun, said the summit aligned with the vision of Governor ‘Seyi Makinde to incorporate tourism as one of the planks for expanding the economy of the state.

Olatubosun said that the two-day international summit will hold between April 17 and 18, 2024 at the International Conference Center, University of Ibadan.

He added that the summit will equally bring together local and international tourism stakeholders to see the opportunities in the state with a view to investing in the state.

He noted that the international tourism summit, which is the first of its kind, would feature talks, symposiums, panel discussions and various presentations that will showcase the opportunities that the government is ready to partner with investors and also recognise individuals and organisations that have contributed to tourism in Oyo State.

He said, “So, we have invited you here today to formally announce to you, the gentlemen and ladies of the press, that something big is about to happen in Ibadan.”

“You will recall that between 2019 and 2023, His Excellency Seyi Makinde, FNSE, worked with the Oyo State Roadmap for Accelerated Development. As the name of that manifesto suggested, His Excellency concentrated on accelerated development through various projects. He especially worked on creating linkages across all zones. His actions then were preparatory.

“Now, we have Omituntun 2.0, and it is time for sustainable development. In his vision of continued prosperity for Oyo State, His Excellency has expanded the means through which it will grow its economy. One of the new sectors added is tourism.

“You will recall that in October last year, His Excellency issued Executive Order No 2 of 2023, through which he decoupled the Ministry of Information, Culture and Tourism and created the Ministry of Culture and Tourism. That was the first signal that he was prepared to take tourism in Oyo State to the next level.

“And now, His Excellency has approved that we host the first International Tourism Summit 2024 tagged #ITSOyoState2024. This event will be held here in Ibadan on Wednesday, 17, and Thursday, April 18, 2024.

“This first-of-its-kind event will bring together local and international tourism stakeholders to come and see the tourism opportunities in Oyo State with a view to investing in the State.”

The Commissioner also enjoined interested members of the public to access the programme and register on the website through https://tourism.oyostate.gov.ng/itsoyostate2024/.

Also speaking, Head of Content Marketing, Slvr Wlf Digitale Limited, Ms Abigail Anaba, said the tourism summit would have exhibitions for micro, small and large investors, local artisans, beauticians, architects and technicians, among others.

She added that the event is also meant to attract investors who will develop the state’s tourist sites to international standards.

In their separate remarks, the Director General, Oyo State Investment and Public Private Partnership Agency, Mr Tilewa Folami and Special Adviser on Socio-Economic Matters, Dr. Morohunkola Thomas, said the tourism summit would create more employment opportunities and provide jobs for the teeming youths and the general public as well add more value and impact to the economy of the state.

Other members of the committee are the Commissioner for Finance, Mr Akinola Ojo; Executive Adviser on Agribusiness, International Cooperation and Development, Dr Debo Akande and the Special Adviser on Media/Chief Press Secretary, Mr Sulaimon Olanrewaju.

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May Day: ACCI tasks FG on conducive environment for workers

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The Abuja Chamber of Commerce and Industry (ACCI) has urged the Federal Government to provide a conducive environment for workers to ensure efficiency and effectiveness.

The President of ACCI, Emeka Obegolu, said this in his message to commemorate the 2024 Workers’ Day.

“The chamber applauds all workers in Nigeria for their effort, hard work, and dedication toward the national economic growth and development of the country.

“To mark the occasion, I urge the federal government to continually create a friendly working environment for the Nigerian workers and provide the necessary materials and resources needed for an efficient and effective workforce.”

The theme of the 2024 celebration is “Safety and Health at Work in a Changing Climate.”

According to Obegolu, the theme is apt and has significant implications for the Nigerian business community.

He said that climate change exposed workers to various health risks, such as heat stress, and extreme weather events as well as natural disasters which could  disrupt business operations and supply chains.

“Businesses need to assess these risks and implement measures to protect the health and well-being of their employees.

“There is also a need to have resilience plans in place to ensure business continuity and minimise the impact of climate-related disruptions,” he said.

The ACCI president called on government at all levels to introduce new regulations and policies related to workplace safety and health in the context of climate change.

Obegolu said businesses needed to stay informed about these changes and ensure compliance to avoid legal and financial consequences.

He said, “Commitment to workers’ safety and health in the face of climate change can enhance a business  reputation and build trust with employees, customers and other stakeholders.

“We (ACCI) will continue to advocate safety and health at the workplace in a changing climate.

“This is because we are a chamber of commerce that seeks not only the interest of the business community but also that of workers.

“I wish all Nigerian workers a happy Workers’ Day on behalf of the executive council and members of the chamber,” he said.

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Dangote Refinery will get valid operating licence soon – FG

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The Federal Government announced that it is set to issue a fully valid operating licence to the 650,000 barrels per day capacity Dangote Petroleum Refinery.

It announced this at the  Stakeholders’ Consultation Forum on Midstream and Petroleum Host Community Development Trust Regulations organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in Abuja.

The NMDPRA, an agency of the Federal Government, however, explained that though it had awarded a pre-commissioning licence to the $20bn refinery, a fully valid operating licence would be issued to the Dangote refinery soon.

Dangote refinery was inaugurated by former President Muhammadu Buhari in May 2023. The facility started releasing Automotive Gas Oil, popularly called diesel to the domestic market in April this year. It has yet to release Premium Motor Spirit, popularly called petrol.

Speaking at the forum in Abuja on Tuesday, the Chief Executive, NMDPRA, Farouk Ahmed, told industry players and other stakeholders that the authority would issue a fully valid operating licence to the refinery very soon.

Ahmed, who was represented by the Executive Director, Distribution Systems, Storage and Retailing Infrastructure, NMDPRA, Ogbugo Ukoha, pointed out that currently, only three refineries have valid licences.

“We have issued three refineries with three valid licences. We awarded to Dangote refinery even in their pre-commissioning and sooner than later they will have full commission and a valid licence to also operate,” he stated.

He also stated that about 15 gas facilities across the country have valid licences while more are undergoing processing.

The NMDPRA boss said there are 1,199 facilities with valid licences in the downstream, while more than 176 operators hold gas import permits.

Ahmed said 130 depots have valid licences while 69 hold valid coastal vessel licences, adding that NMDPRA has licensed 9,464 retail outlets as of 10 am on April 30, 2024.

“In the gas processing facility within the midstream, there are about 15 of them with valid licences. And much is under processing.  If you go to the downstream sector, in the gas state of the downstream, more than 1,199 facilities have NMDPRA valid licences.

“More than 176 operators hold gas import permits. In the liquid licensing side of the downstream, there are 130 depots with valid licences and coastal vessels of more than 69 valid licences as of today. And in the retail outlets, we have 9,464 licensed retail outlets as of 10 am today, April 30,” Ahmed stated.

He explained why locations in the midstream and downstream arms of the oil sector were included as part of host communities, stating that emissions and effluence affect them.

Ahmed said the authority organised the forum for stakeholders to ventilate their ideas and proffer measures that would further enable the NMDPRA to relate better with host communities in the mid and downstream arms of the oil sector.

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Cost of healthy diet stood at N982 in March – NBS

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The National Average Cost of a Healthy Diet (CoHD) per adult a day stood at N982 in March 2024, the National Bureau of Statistics (NBS) has said.

The NBS said this in its CoHD report for March 2024 released on Tuesday in Abuja.

The bureau said the CoHD in March increased by 4.7 percent compared to the N938 recorded in February.

The NBS said the CoHD was the least expensive combination of locally available items that met globally consistent food-based dietary guidelines.

It said it was used as a measure of physical and economic access to healthy diets.

“This is a lower bound (or floor) of the cost per adult per day excluding the cost of transportation and meal preparation.”

The bureau said that to compute the CoHD indicator, the following data on Retail Food Prices, Food Composition Data, and Healthy Diet Standard were required.

The NBS also said that in March, the average CoHD was highest in the South-West at N1,198 per adult per day, followed by the South-East at N1,140 per day.

It said the lowest average CoHD was recorded in the North-West at N787 per adult per day.

The NBS further said that at the state level, Ekiti, Lagos, and Abia recorded the highest CoHD at N1330, N1249, and N1215.

The bureau said Katsina recorded the lowest CoHD at N739, followed by Sokoto and Zamfara at N758 and N766.

The NBS said CoHD had steadily increased since the first CoHD report by the bureau in October 2023.

“The CoHD in March 2024 is 40 per cent higher than what was recorded in October 2023 at N703 and five per cent higher than CoHD in February 2024, which was N938.

“The food groups that have driven the increases in CoHD the most are vegetables, starchy staples, and fruits. The cost of meeting the recommendations for oil and fats have changed the least.”

According to the report, animal-source foods are the most expensive food group recommendation to meet in March, accounting for 37 percent of the total CoHD to provide 13 per cent of the total calories.It noted that fruits and vegetables were the most expensive food groups in terms of price per calorie.

“They accounted for 12 percent and 14 percent, respectively of the total CoHD while providing only seven per cent and five per cent of total calories in the Healthy Diet Basket.

“Legumes, nuts and seeds were the least-expensive food group on average at six per cent of the total cost.”

The report also said that in recent months, the CoHD had risen faster than general inflation and food inflation.

“However, the CoHD and the food Consumer Price Index (CPI) are not directly comparable.

“The CoHD includes fewer items and is measured in Naira per day, while the food CPI is a weighted index.

“The food CPI increased approximately by four per cent between January and February, while CoHD increased by nine per cent.”

The NBS said the policy implications of these results would foster collaboration among a wide range of stakeholders, such as policymakers, researchers and civil society actors that focus on food security.

“These stakeholders will devise strategies that tackle access, availability, and affordability of healthy diet effectively.

“Also, future research incorporating income can also be used to determine the proportion and number of the population that are unable to afford a healthy diet,” the report said.

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