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Mark Wants Enabling Environment For Indigenous Automobile Manufacturers

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Senate President, David Mark, has urged the
Federal Government to encourage indigenous automobile manufacturers by
providing them with a conducive environment.

According to him, the effort will also
enable Nigeria to achieve industrial revolution.

Mark made the call during Tuesday’s Plenary
Session while ruling on the bill for an Act to repeal the National Automotive
Council Act and the Centre for Automotive Design and Development Act.

The bill which seeks to provide for an Act
establishing the National Automotive Design and Development Council passed
through second reading on the floor of the Senate.

Mark said, “Government should encourage
private indigenous automobile manufacturing companies.

“We tend to discourage our local automotive
industry and unless we encourage them this country cannot achieve technological
development. ’’

He challenged the executive arm of
government to summon the political will to implement the various laws passed by
the National Assembly.

“My prayer is that we will have the
willpower to implement all the laws and resolutions emanating from the National
Assembly.

“For us, we are very prepared to push as
much as we can and leave it for those who have the power of implementation to
do so accordingly,’’ Mark added.

In his lead debate, the Leader of the
Senate, Sen. Victor Ndoma-Egba (PDP-Cross River) said the merger of the two
agencies would boost efficiency, productivity as well as generate employment opportunities.

Sen. Enyinnaya Abaribe (PDP- Abia) said
that the passage of the bill would spur the new agency to perform its
responsibility efficiently.

“Let the passage of this bill be a
challenge to spur the agency to perform with efficiency. We should not just set
up this agency but we must ensure that it performs, ‘’ he said.

Sen. Shola Adeyeye (ACN- Osun) urged the
Senate to go beyond the automotive industry by considering the merger of other
government agencies with similar functions.

“We can even go further to look at every
ministry and agency to consider where we can merge those who discharged similar
functions.

“We cannot have a functional automobile
industry until we have stable power and a functional steel industry,’’ he
added.

Sen. Chris Anyanwu (APGA- Imo) stressed the
need for government to invest in research and development as key to industrial
development.

“With their merger, I believe there will be
better synergy. “We have to invest on research and development, and shield our
research institutes from politics, ‘’she said.

Opposing the bill, Sen. Olubunmi Adetunmbi
(ACN-Ekiti) said the Senate could only debate the matter after studying the
report of the Stephen Orosanye-led Committee on rationaliation of government
agencies.

“It will be helpful for the Senate to have
access to the Orosanye report, and then we can have a holistic understanding of
the issues.

“This bill and the amendment it is seeking
are cosmetic. What we should concern ourselves with is the value this merger
and what it will add to the automotive industry,’’ Adeyeye argued.

Also opposing the bill, Sen. Ben Ayade
(PDP- Cross River) said there was no basis to merge the two agencies because
they performed different functions.

“Its unfair to merge these two agencies
because they have different functions.

“We should enact law to stop importation of
complete vehicles into the country and compel investor to set up assembly
plants in Nigeria, ‘’ Ayade suggested.

The Bill was referred to the Senate
Committee on Industries for further legislative action and expected to report
to the Senate in two weeks.

Meanwhile, the Senate on Tuesday observed a
one-minute silence in honour of the victims of the terrorist attack in Potiskum
and the late Nigerian football star, Mr Rashidi Yekini who died last week.

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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