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Nigeria’s Trade Policy & Restrictive Trade

17th March 2021 Mr Godwin Emefiele Governor of the Central Bank of Nigeria Plot 33, Abubakar Tafawa Balewa Way Central Business District, Cadastral Zone Abuja. Dear Mr Emefiele, RE: NIGERIA’S TRADE POLICY AND RESTRICTIVE TRADE While congratulating our Dr Ngozi Okonjo-Iweala on her recent appointment as 7th Director-General of the World Trade Organization (WTO), we very much welcome your fair trade comments for a strong policy to protect our local industries against unfavourable trade practices and to create jobs for Nigerians. In the discussions with Dr Okonjo-Iweala, you referred to trade protection remedies to support local industry. This is brilliant! We also note that the CBN 5-year policy plan also supports growing our local industry by discouraging dumping and smuggling of foreign go...

Two school pupils crushed to death in Ogun

The accident which occurred around 9.05am this morning at Modupe Hospital Turning, Ifo, Ogun State, on the Lagos-Abeokuta expressway, involves a containerised MAN DIESEL Truck with registration number EPE 514 XW and four TVS Tricycles with the following registration numbers; JBF 482 QJ, GBE 603 WZ, GBE 626 WU and one without a registration number. According to Ebunoluwa Akinkunmi, Ifo/Ewekoro Area Commander, Traffic Compliance and Enforcement Corps (TRACE), said, “The truck which was on speed, lost control and rammed into other vehicles killing the two pupils in transit to their different schools and other five people, including, four males and one female who sustained several degrees of injuries. “The presumed dead bodies, have been deposited at Ifo General Hospital Morgue, while the inju...

National Assembly members agreed not to be hostile to Prudent Buhari’s government – Senate spokesman

The current 9th National Assembly members all agreed that they will not have an acrimonious relationship with President Muhammadu Buhari’s government, unlike the 8th Assembly under Bukola Saraki and Yakubu Dogara. Spokesman of the senate, Senator Ajibola Bashiru, who represents Osun Central disclosed this in an interview published in newsmen on Wednesday while responding to claims that the current national assembly is a rubber-stamp that is always quick to do the bidding of the executive. He said “I don’t know the basis for your question, but what I do know is that at the inception, there was an agreement among the lawmakers that we do not want an acrimonious relationship between the Executive and the Legislature”. “All of us witnessed how such a relationship worked against the interest of...

Gani Adams: Pan-Yoruba Congress is work in progress

File Photo The Aare Ona Kakanfo of Yorubaland, Iba Gani Adams, on Wednesday, restated his beliefs in the unity and progress of the Yoruba nation, maintaining that with the success of the Pan Yoruba congress, there is no doubt that the unity of the Yoruba nation’s is a collective project and it is surely, a work in progress. Speaking at the Pan Yoruba Congress held at Mapo Hall, Ibadan, Oyo state, Iba Adams said the gathering is geared towards focusing the race’s energy and strengths in securing the Southwest against criminal race, and also strategise in bolstering southwest’s agric and economic prospects. The Yoruba generalissimo also added that Congress offered a bigger platform for all groups to meet minds and discuss the way forward for the Yoruba nation. His words: “Today’s event is a ...

NDLEA rues over shipment of illegal cargoes through Nigeria’s seaports

The National Drug Law Enforcement Agency, NDLEA, has said some ships and their crew bring in illegal consignments from the port of origin into the country. NDLEA also hinted that the shipments are perfected by at the Nigerian end of the transaction by collaborators on arrival at the nation’s ports. Disclosing this in Lagos at the Joint Vessel Boarding Meeting held in Lagos, Assistant Area Commander, NDLEA, Mercy Thompson, noted that the recent drug seizure made at Tin-can Island Port by the Agency was also brought in the same way. She, therefore implored ship crew members to cooperate with representatives government agencies boarding vessels, while complaining that most times the ship captains and their crew refuse to come out to meet them while other times the crew are very uncooperative....

Five more suspects arrested over murder of Afenifere leader’s daughter

Five more suspected killers of Mrs Funke Olakunri, 58-year-old daughter of the national leader of Afenifere, Pa Reuben Fasoranti, have been arrested by the police. Recall that the deceased was gruesomely murdered in July, 12, 2019 by suspected kidnappers along the Ore-Lagos highway. The suspects include Lawal Mazaje, 40, from Felele, Kogi State; Adamu Adamu, 50, from Jada in Adamawa State; Mohammed Usman, 26, from Illela, Sokoto State and Auwal Abubakar, 25, from Shinkafi, Zamfara State. Four suspects had earlier been arrested by the police, in connection with the murder case and had been arraigned before the court . They include Muhammed Shehu, 26, Mazaje Lawal, 40, Adamu Adamu, 60 and Awalu Abubakar, 25. They were arraigned on three count charge of conspiracy to kill, murder and kidnappi...

US hails Nigerian women for advancing global development

In commemoration of the 2021 Women’s History Month, the U.S. Embassy’s public affairs chief Aruna Amirthanayagam has acknowledged the importance of women in the leadership and economic growth of every country. Women’s History Month is celebrated during March in the U.S., the United Kingdom, and Australia, to mark the contributions of women to society. Mr. Amirthanayagam, in his opening remark at an event with the acting Vice-Chancellor of the University of Port Harcourt, Stephen Okodudu, and the Rivers State chapter of the United States Government Exchange Alumni Association (USGEAA), said the non-inclusion of women in science advancements would lead to an unsustainable economy, a statement seen by newsmen read. “The U.S. Mission in Nigeria recognises the importance of women’s inclusion fo...

UN: Around $1 billion needed for Nigeria humanitarian crisis

The United Nations estimated Tuesday that around $1 billion were needed to respond to the humanitarian crisis in northeast, where 5.1 million people are at risk of acute hunger. Despite ongoing military operations to end a decade-long jihadist insurgency, the conflict continues to kill and force people from their homes. “As many as 5.1 million people are threatened by acute hunger during the upcoming lean season – the worst outlook in four years,” the UN’s office for the coordination of humanitarian affairs said in a statement. Nigeria’s humanitarian community, in partnership with the government, launched its Humanitarian Response Plan for 2021, requesting $1.0 billion to provide humanitarian assistance, up from $839 million last year. In 2020, funding was severely affected by the Covid-19...

Senate advocates stiffer penalties for employers involved in ill treatment of employees, child labour, others

The Senate on Tuesday, passed for second reading, a Bill which seeks to review the Labour Act to provide stiffer penalties for various offences ranging from ill treatment of workers by employers, modern slavery, child labour to discrimination against women in the work place. The legislation titled ‘A Bill for an Act to amend the labour Act Cap L1, LFN, 2004 to review labour fine and other related matters, 2021,’ is sponsored by Senator Francis Onyewuchi (Imo East). According to the draft Bill, Section 21 proposed a fine of N500,000 and N1,000,000 from the present fine of N800 and N500 for first and second offences relating to “Breach of terms and conditions of employment”, as it relates to the wage hour, nature of employment, leave and contracts of employment, among others. Section 46 also...

Senate president receives first dose of coronavirus vaccine, calls for more sensitisation

The President of the Senate, Dr Ahmad Lawan, took the lead at the National Assembly on Tuesday when he received the first jab of AstraZeneca COVID-19 vaccine. The vaccine was administered on him in his fourth floor office by his personal physician, Dr Muhammad Usman, while the vaccination card was presented to him by the Chairman, Senate Committee on Health (Secondary and Tertiary), Senator Ibrahim Oloriegbe. Speaking shortly after receiving the jab, Lawan called for more advocacy and sensitization on the vaccine, appealing to Nigerians to make themselves available for the vaccination. He congratulated the Presidential Task Force (PTF) on COVID-19 for working so hard to ensure that the vaccine is available for Nigerians. While urging the PTF to get more of the vaccine and variety of it in ...

Official: NASRDA to launch another satellite in June

IBTimes The National Space Research and Development Agency (NASRDA) says it is putting modalities in place to launch a Cubesat ‘Edusat-2’ within the first half of the year. The Acting Director-General of NASRDA, Dr Francis Chizea, said this at the ongoing Science and Technology Expo on Tuesday in Abuja, where the agency showcased its research works and achievements. The science expo is with the theme “Science, Technology and Innovation for Economic Recovery and Sustainability Amidst the COVID-19 Challenges” and is a platform to showcase innovation within agencies of government, private research institutions, the academia, among other participants. Chizea explained that EduSat-2 was a build-up on EduSat-1 which the agency built in collaboration with Federal University of Technology, Akure a...

Grammy: Young Nigerians redefining global music space – APC

The All Progressives Congress (APC) has congratulated Nigerian Afrobeat star, Damini Ogulu popularly known as Burna Boy, and hip hop artist, Ayodeji Balogun musically known as Wizkid, for winning awards at the 63rd 2021 Grammys held in Los Angeles, United States of America. The National Secretary of the Caretaker/Extraordinary Convention Planning Committee, Senator John Akpanudoedehe, in a statement issued yesterday, said the awards crowned the efforts of Nigerian superstars such as Fela Anikulakpo Kuti and others, who were the main progenitors of Afrobeat/Afropop that has become the mainstream music all over the world. According to Akpanudoedehe, “As a party, we are immensely proud that the country’s musical stars are leading the pack of young Africans who are redefining the global music ...