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PHCCIMA Boss Hails Jonathan, Amaechi

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The President of Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA), Engr. Vincent Furo, has described as a welcome development the emergence of President Goodluck Jonathan as the presidential flagbearer of the Peoples Democratic Party (PDP) in the 2011 polls.

 According to him, the victory has served to reassure the international community while also restoring hope and faith in the unity and corporate existence of the country.

Furo made this assertion in a chat with newsmen at the Port Harcourt International Airport on his return from a recent trip to Abuja.

He explained that Nigerians couldn’t have wished for anything better and expressed hope that the success of the president in the primaries would prepare him to face and win the approval of Nigerian voters at the general elections. He noted that the outcome of the general elections in April would go a long way to determine how far Nigeria would fare in its developmental strides.

The PHCCIMA boss, who described Jonathan as a humane leader, observed that he has shown commitment in growing our democracy by working to perfect and strengthen the vehicles and institutions of our democratic enterprise, pointing out that he has started the process of surmounting the challenges of government by encouraging an organised private sector (OPS)-driven economy. He said the president recently interacted with members of OPS in the country and promised to continue to do everything possible to promote and provide an enabling environment for business to thrive, recalling also that he recently provided money to enable the textile and entertainment industries remain afloat as to provide more employment opportunities for the teeming populace, especially the youths.

On the 20th of January the National Association of Chambers of Commerce, Industries, Mines and Agriculture (NACCIMA) held a meeting in Lagos under the aegis of D8 as part of interactions that will further foster bilateral understanding between the government and the OPS, to open new business frontiers that will help move the country to yet another level.

The D8 meeting, according to the captain of industry, was centred on business development and the role of the various multinational companies operating in the country, it also provided an avenue to access how these companies relate with the various state chambers of commerce in the respective states especially as it concerns local content.

Outlining some of the achievements of President Jonathan, Engr. Furo particularly commended his strides in the Energy sector which he said brought about effective reduction in fuel scarcity during the Yuletide. He, however, advised that to sustain the momentum there is need for the president to consolidate on his good governance, entrench a complete power stability, embark on industrialisation, intensify his collaboration with the OPS, create job opportunities, stamp out corruption and indiscipline from the system to discourage Nigerians from ostentatious living among others in the country.

On Public Private Partnership, he stated that PPP has always been there for advancement but lamented successive governments’ failure to effectively and practically reap the benefits, urging government at all levels to begin to think towards taking advantage of such collaborations.

Speaking on the Rivers State governor, he said: “we have assessed Amaechi’s administration particularly on his developmental strides and we have given him a pass mark. Against this backdrop, we have decided to support him so as to enable him conclude the good work he started; the chamber and the members of OPS intend to meet with him to offer advice on how to improve on partnership and build a stronger economy for the state”.

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Association Woos Govt, Coys On  Boat Operators  Employments

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The leadership of Bonny Maritime Boat Association has called on Rivers state Government and oil companies operating in the state to provide sustainable employment to unemployed boat Operators.
The Association also want the government, companies and other relevant employers of labour to provide trainings for boat Operators to enhance their skills
Safety Officer of the Association, Comrade Kingdom Kingsley made this known in  a  telephone interview with  The Tide.
He noted that most of the boat Operators and owners plying Bonny route lacks jobs due to the fleets of boats introduced by Bonny Road Transport that had taken over the passengers to the Island
He noted that passengers are no longer patronizing boats owned by the Association, thereby rendering the operators redundant
“Most of our operators can not afford to feed their families due to no jobs, we don’t want to indulge in crime, government should fix our members with  sustainable jobs to take care of their immediate needs”
He called on oil companies operating in the state to engage their skilled boat Operators in their companies to reduce the sufferings faced by the Association.
The Safety Officer called on the state government  to made funds available to unemployed youths in the state to start up business than roam the streets.
He noted that provision of funds to youths would reduce crime rates and reposition their mindsets for a better life
“The  youths of Rivers state are suffering, have no job to feed their families, thereby indulging in criminality daily”
“The youths need empowerment,  jobs,  recreational facilities and better things of life as citizens of this Nation”, Kingsley said.
CHINEDU WOSU
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FG Approves $1 Bn AFCFTA Credit Facility For Nigerian Exporters

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The Federal Government has approved a whooping $1bn credit facility to support Nigerian exporters and small scale businesses to take advantage of the African Continental Free Trade Area (AfCFTA) in order to boost production, competitiveness and intra-African trade.
The $1bn AfCFTA Adjustment Fund Credit Facility is also expected to address some of the financing gap being faced by Nigerian exporters and enhance the competitiveness of African businesses within the continental market.
The Minister of Industry, Trade and Investment, Jumoke Oduwole, disclosed this  during the second quarter 2026 meeting of the AfCFTA Central Coordination Committee held in Abuja.
According to a statement issued by the ministry’s Head of Press and Public Relations, Obilor-Duru Okechi, Oduwole said the financing facility represented a major opportunity for Nigerian businesses seeking to expand operations, modernise production processes and increase exports to African markets.
The statement partly read, “?The Federal Government has reaffirmed its commitment to accelerating Nigeria’s export-led growth agenda under the African Continental Free Trade Area, unveiling opportunities for businesses to access a US$1 billion AfCFTA Adjustment Fund Credit Facility aimed at boosting production, competitiveness, and intra-African trade.”
She noted that despite the progress Nigeria had made in implementing the continental trade agreement, many local businesses continued to face obstacles that limited their ability to take advantage of the single African market.
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“Many businesses still face challenges relating to export documentation, certification, standards compliance and market access,” the minister said.
She explained that the Federal Government was addressing these bottlenecks through enhanced trade facilitation measures, simplified AfCFTA guidance tools, stakeholder engagement programmes and stronger collaboration with institutions such as the Nigeria Customs Service and the Nigerian Export Promotion Council.
Oduwole stressed the need to strengthen Nigeria’s legal and regulatory framework by domesticating key AfCFTA protocols, particularly the Digital Trade Protocol, to position the country as a major player in Africa’s growing digital economy.
The minister also highlighted some of the gains recorded in Nigeria’s AfCFTA implementation efforts.
According to her, the expansion of Nigeria’s Air Cargo Corridor Initiative to Rwanda, increased collaboration with development partners and private sector players, as well as sustained engagement with state governments, were helping to deepen awareness and participation in the continental market.
In her welcome address and first-quarter update, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office, Mrs Patience Okala, provided details of the financing initiative.
Okala said the $1bn AfCFTA Adjustment Fund Credit Facility was targeted at large African businesses with a minimum financing capacity of $10m.
She revealed that the National AfCFTA Coordination Office was working closely with fund managers to facilitate access for eligible Nigerian companies and had begun assembling a pilot group of businesses to ensure that Nigeria maximised the opportunities provided by the facility.
Nkpemenyie Mcdominic, Lagos
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NIWA Harps On  Avoidance Of Leaking Boats

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The National Inland Waterways Authority (NIWA) has advised Nigerians against boarding boats that require constant bailing of water in the interest of their safety.
 NIWA Area Manager for Cross River and Ebonyi, Mr Stanley Onuoha gave this warning in an interview with Newsmen in Calabar.
Onuoha who spoke on waterway
safety, said that passengers should take responsibility for their safety by inspecting boats before embarking on any journey.
According to him, repeated scooping of water from a boat is a clear indication that the vessel may be leaking.
“If you are entering a boat and see people using a bailer to remove water, it is the first signal that the boat is leaking,” he said.
He urged passengers to check the integrity of boats, including seating arrangements and other visible safety features.
The Manager restated the importance of using safety jackets, saying that damaged jackets may fail during emergencies.
He further said that passengers should ensure that safety jackets were appropriate for their body sizes in order to guarantee effective flotation.
 Onuoha reiterated the need for passengers to fill manifests before departure to aid accountability during emergencies.
The NIWA official further advised travellers to monitor weather conditions and avoid boarding boats when the weather is unfavourable.
According to him, poor weather conditions can trigger strong tidal waves capable of affecting small boats commonly used on inland waterways.
He said that waterway journeys should be embarked upon between 6.00a.m and 6.00p.m for clearer visibility.
Onuoha said  the Authority had continued to sensitise riverine communities to the need for safety precautions during waterway journeys.
He stated that sustained awareness campaigns and enforcement measures had contributed to safety waterway safety in Cross River.
CHINEDU WOSU
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