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Reps Seeks Patronage For Innoson Motors

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In a deft move to encourage local manufacture of automobiles, the House of  Representatives has passed a motion mandating ministries, agencies and government departments to procure their official vehicles and allied accessories from Innoson Vehicles Manufacturing Limited based in Anambra State.

Similarly, the House has directed the Bank of Industry and National Automotive Council (NOC), to evolve product lines to extend long term credits to indigenous auto manufacturing companies.

President Goodluck Jonathan, had on October 15, 2010, formally commissioned the company’s plant at Nnewi, where he pledged government support and patronage for the firm which is into the manufacture of 17 and 43-seater buses, double cabin pick-up vans, among others.

The directive was sequel to a motion by Hon C.I.D. Maduabum entitled: “The need to Support Indigenous Vehicle Manufacturers and Made- In-Nigeria Goods”, in which he gives  both financial and moral support for Innoson, a wholly indigenous vehicle manufacturing outfit.

Other resolutions of the federal lawmakers include a directive to the Federal Executive Council (FEC) to revoke the contract for importation of plastic dust bins for the Federal Capital Territory, FCT and instead patronise Nigerian manufacturers who produce plastics  of the same quality.

Maduabum had while canvassing support for the motion, lamented that over 100 local industries  have collapsed in three years owing to low patronage, dwindling standard of living and economic stagnation.

Arguing that the federal government Gazette No 28 of 1993 directed all tiers of governments and their agencies to first patronise products manufactured in Nigeria in their purchases before making arrangements for procurement of any shortfall from other sources, the federal law makers declared that there is need to enforce the regulation with vigour to save local industries  from collapse declaring that the firm   currently employs about 1,600 Nigerians and capacity to accommodate over 3,200 workers if its products are patronised. Maduabum said a visit by both the Senate and House Committees on Industry revealed the huge prospects in the company if given adequate support by government.

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FG Launches National Single Window Steering Committee

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President Bola Ahmed Tinubu has said the decision of his administration to embark on a National Single Window (NSW) platform is to boost the country’s Ease of Doing Business Index as rated by the World Bank.
The NSW is an electronic portal that links all agencies and operators within the country’s supply chain to an integrated platform, which is to be domiciled at the Federal Inland Revenue Service (FIRS).
Membership of the steering committee is drawn from the Nigerian Ports Authority (NPA), Nigeria Customs Service (NCS), Federal Airports Authority of Nigeria, (FAAN), Federal Inland Revenue Service, (FIRS), National Agency for Food and Drug Administration and Control, (NAFDAC), Nigerian Maritime Administration and Safety Agency, (NIMASA), Central Bank of Nigeria (CBN), Standards Organisation of Nigeria (SON), and some key private sector operators, which include importers, exporters, shipping lines, freight agents and banks.
Speaking while inaugurating the steering committee for the project at the Presidential Villa, Abuja, the President also said the platform is aimed at eliminating all forms of encumbrances to trade and commerce with a view to optimising revenue generation and ultimately boost the inflow of both local and foreign direct investment into the country.
The President, who decried the bottlenecks that characterise the country’s import, export and other supply chain activities, noted that the project is another milestone by his administration, saying the project would boost investment inflow by removing all forms of trade barriers in the import and export value chain.
“Nigeria’s import and export processes are bureaucratic, which lead to delays at the seaports. Such inefficiencies have adverse impacts on local businesses in the country and serve as potential impediment for foreign direct investments.
“To eliminate these challenges, today, we are launching the National Single Window project.
“The National Single Window Project is intended to enhance revenue generation through imports and exports and accelerate economic activities in the country.
“This project is a bold initiative to simplify and streamline our import and export clearance processes by eliminating bottlenecks, and harnessing best-in-class technology. This will result in reduced costs of doing business and position us to attract more foreign investment.
“The National Single Window Project will consist of four key pillars, namely: Single Window for Imports, Single Window for Exports, Port Community System and Scanning Services across our sea, air and land borders.
“The Project is not merely a technological advancement, but a strategic initiative to increase revenue generation by consolidating import and export related procedures into a unified electronic platform.
“The platform will serve as a single portal for the submission and approval of all import and export related documents, as well as a centralised payment system. It will be integrated with the various systems in the Ministries, Departments and Agencies (MDAs) involved in the import and export processes.
“The National Single Window project is a top priority for this Administration. As a result, I am directing all relevant Ministries, Departments and Agencies working on similar systems or information technology implementation projects to stop doing so in silos but align and consolidate such projects under the National Single Window Project’s scope.
“Today, I am also inaugurating the National Single Window project steering committee. The primary objectives of the Steering Committee are to provide support, oversight, strategic direction, and guidance to ensure the effective implementation of the project.
“You are entrusted with the responsibility of aligning this project with this government’s revenue enhancement objectives, setting the stage for a more efficient and responsive economy.
“I expect nothing short of excellence from this committee. You are the driving force behind the success of this crucial project, and your commitment and dedication will determine its outcome.
“Our collective effort will shape this project and play a key role in shaping the future of trade and commerce in Nigeria. I urge you to approach this task with a sense of purpose, unity, and a shared commitment for the betterment of our nation”, the President said.
Meanwhile, Chairman of FIRS, Zacch Adedeji, who also spoke at the event, thanked President Tinubu for the project and approving FIRS and the Nigeria Sovereign Investment Authority (NSIA) as the project’s implementing agencies and financial managers.
Adedeji said the project aligns with the President’s commitment to stimulating Nigeria’s economy through enhanced trade facilitation and a bold step towards realising the country’s immense economic potential.
“As we strive towards achieving sustainable economic growth, we must embrace high-impact projects such as the National Single Window. By simplifying the government trade compliance process through a cutting-edge digital platform, we will unlock a myriad of economic benefits.
“This initiative will serve as a catalyst for achieving an average Gross Domestic Project (GDP) growth rate of seven per cent annually, propelling Nigeria to new heights of prosperity. The National Single Window is not just a technological advancement; it is the gateway to a more connected, efficient, and transparent system.
“By integrating our seaports, government agencies, and key stakeholders, we will create a seamless ecosystem that facilitates trade, saves time for businesses, and opens up a world of opportunities.
“From providing access to education and healthcare to enabling small businesses to reach global markets, digital connectivity is the key to unlocking Nigeria’s true potential.
“The heavy costs, delays, and inefficiencies at our ports has been a constant burden. It is estimated that a staggering $4 billion annually is lost due to these inefficiencies.
“By addressing revenue leakage prevention and facilitating effective trade, we will reclaim these lost resources and channel them towards the betterment of our society.
“Steering Committee, National Single Window 2 Paperless trade alone is projected to bring an annual economic benefit of around $2.7 billion; a testament to the transformative power of this initiative.
“The success stories of countries that have embraced Single Window systems are evident. Singapore, Korea, Kenya and Saudi Arabia have all witnessed significant improvements in trade efficiency after implementing similar initiatives. It is now Nigeria’s turn to join the ranks of these progressive nations and reap the rewards of a streamlined, digitised trade environment.
“The National Single Window is not just about facilitating trade, it is also a powerful tool for expanding our tax base and capturing the informal e-Commerce sector. By providing a unified, modern digital platform for expeditious paperless cargo clearance and logistics, we will bring more businesses into the formal economy, ensuring that everyone contributes their fair share to our nation’s development.
“Moreover, by linking the Nigerian National Single Window with other African nations, we will expedite cargo movement and optimise intra-Africa trade.
“This will position Nigeria as a leader in regional trade facilitation, fostering stronger economic ties with our neighbors and creating new opportunities for growth and collaboration.
“The current international trade environment is complex, involving disparate systems and requiring an average of 40 documents per transaction. Nigeria’s lack of a comprehensive trade facilitation system has led to bottlenecks, corruption, port delays, decreased revenue, and a negative business environment. The National Single Window is a decisive response to these challenges.

“By improving trade facilitation, revenue generation, economic growth, transparency, security, and streamlined processes, we will transform Nigeria into a global trade powerhouse”, the FIRS boss explained.

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Maritime

NPA Secures $700m Citibank Loan For Tin Can, Apapa Ports Rehabilitation 

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In a bid to rehabilitate ports across the country, the Nigerian Ports Authority NPA has secured a $700million loan from Citibank to revamp Tin Can and Apapa Ports.
Speaking during the signing of a mandate letter with Citibank Nigeria in Lagos,  Managing Director, NPA, Mohammed Bello-Koko, said the agency negotiated a loan of $700million from the Citibank to be funded by the UK Export Finance (UKEF), an export credit agency, to rehabilitate the Apapa and Tin-Can Island ports, Lagos.
He said NPA has opened discussion with another funding agency to secure financing for upgrading of the Eastern Ports including Calabar, Warri, Onne and Rivers Ports, as well as the reconstruction of Escravos breakwater.
Bello-Koko said the mandate letter would be sent to Debt Management Office for final review and approval.
The funds, he continued, are ready and the reconstruction of the Lagos ports will start soon, as the NPA perfects plans to sign another mandate letter for the upgrading of the Eastern ports in about a month.
“In the last two years, NPA has realised the need for us to rehabilitate and reconstruct the ports all over the country.
“We have been having discussions with multilateral funding agencies who have sent various proposals that we have reviewed.
“What we did is to further discussion with interested parties and we realised it is better to separate the ports in Lagos from the ports in the East, and we are in discussion with another funding agencies to fund the construction of ports outside Lagos”, he stated.
The NPA boss further said the Citibank facility was the cheapest for Nigeria because it came with affordable interest rate.

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Maritime

Fall Off Container Crushes Woman To Death

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Tragedy struck on Friday, when a fully loaded 40ft container fell from a Mack truck and crushed a woman to death along Lagos, Ibadan Expressway.
The Tide gathered  that the Mack truck was on high speed when the incident occurred around NNPC inward Alapere, Ogudu, along Lagos-Ibadan Expressway.
A statement made available to our correspondent in Lagos by the Director, Public Affairs and Enlightment Department of Lagos State traffic Management Authority (LASTMA), Mr. Adebayo Taofiq, said a fully loaded 40ft Mack articulated truck fell on a Nissan car with registration number ABJ 692BG and instantly killed a woman at the rear of the car, while the car driver survived unhurt with the support of LASTMA officials.
Taofiq confirmed that the driver of the Mack articulated truck with his motor-boy ran away immediately the fatal accident occurred.
He said, according to preliminary investigation, the truck while on a high speed lost control as a result of a brake failure and rammed into a moving Nissan car on motion by N.N.P.C inward Alapere, Ogudu, along Lagos-Ibadan Expressway, Lagos.
The rescue agencies at the scene of the crash were the LASEMA, Lagos State Ambulance Service (LASAMBUS), Lagos State Fire and Rescue Service and the Police.
Also at the accident scene were the LASTMA General Manager, Mr. Olalekan Bakare-Oki, LASTMA Director of Traffic Incidents, Event Monitoring, Enforcement and Compliance, Mr. Hakeem Adeosun, and the LASTMA rescue team.
General Manager of LASTMA, Mr. Olalekan Bakare Oki, however, warned motoring public, particularly truck drivers, to stop over speeding and ensure their vehicles are properly checked, including the braking system, before embarking on any journey within or outside the State.
The incident attracted passers-by, who thronged the scene lamenting the unfortunate incident, accusing men of the ports task force of negligence.

 

By: Nkpemenyie Mcdominic, Lagos

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