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‘Why Nigerians Witness High Business Mortality’
A United Nations official, Dr Ejeviome Otobo, yesterday in Lagos said that the inability of Nigerian entrepreneurs to sustain their investments was responsible for the high rate of business mortality in the country.
Otobo, deputy head of the UN Peace Building Support Office urged local businessmen to promote sustainable investments.
The UN official, who spoke at a retreat of the New Partnership for Africa’s Development (NEPAD) Business Group, said that the lack of sustainability had affected private businesses in Nigeria.
“There are at present no traces of such early Nigerian private businesses such as Odutola Tyres and others in this country anymore. These were private companies that provided employment and boost our economy in the past,” Otobo said.
Otobo urged the NEPAD Business Group in Nigeria to re-design its orientation to move from growth phase to consolidation phase.
He also urged the group to periodically hold dialogue with the Federal Government on its policy implementation.
“As Nigeria consolidates her democracy, it will require a thriving private sector that creates employment, produces goods and services needed by the citizens and exports,’’ he said.
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RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
