Business
London Summit: Sanusi Tasks Delegates On Investors’ Commitment
Governor Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has urged Nigerian delegates to the Trade and Investment summit in London to honour their commitments to investors.
Sanusi said this when he gave an overview on the just conclude three-day summit organised by the Bank of Industry (BOI) and the Nigeria Olympic Committee(NOC).on the sideline of the 2012 London Olympics.
“If we give commitments it is our abilities to meet those commitments that will translate to deals; It is for us to make sure we deliver on those commitments to investors.
“When you have road shows like this it is about telling the Nigerian stories and a lot now depends on the follow ups.
Earlier, the Ekiti state governor, Dr Kayode Fayemi told the investors that the state had predictable investment environment, competitive incentives, joint venture opportunities and skills/ affordable labour.
“There is high return on investment in infrastructure development that will have fewer constraints on economic activities,’’ Fayemi assured investors.
His Oyo counterpart, Sen. Abiola Ajumobi said the state was one of the most peaceful with 27,000 hectares of able land.
“We are repositioning the state in the area of good governance, agro-based economy and making it a prime-centre for critical technology skilled citizens,’’ Ajumobi said.
Meanwhile, some of the participants at the summit commended the initiative describing it as very strategic.
Ms Robin Sanders, Former U.S Ambassador to Nigeria said the country was doing the right thing by marketing itself.
“Nigeria is very much on the right track; I have always been a supporter of Nigeria particularly on business and
investment opportunities.
Organisers should make all information on the summit available on the web and other communication entities,’’ Sanders said.
According to her the summit is about making deals with business people and so hopefully those in the audience and those that made presentations will connect so that they can assess the business deals and focus on them.
She explained further that the essence was about business people coming together to identify opportunities, identify investments and moving forward about a particular idea.
Contributing, Mr Lembit Opik , Registrar of the London Academy Business School described the conference as the right way to go about things to achieve results.
“It is exactly the right way the right way to go,” he said .Opik however noted that, “ too much attention is given to paper qualification (certificates, degrees) rather than skills education.
“From our work in Nigeria, we have realised that a lot of work in the Nigerian system is more about qualification, a piece of paper rather than what you can do with acquired skills .
“If you educate people, they become confident, they begin to realise what they can do for the nation and speak for themselves and they do not get pushed around by others,” he said.
Stakeholders are expected to converge in Lagos today to take a look at the Nigeria’s preparedness to maximize the gains of the African Continental Free Trade Area (AfCFTA).
The Tide learnt that stakeholders will be converging at the instance of a popular online newspaper, Primetime Reporters, to assess the progress made so far by the Federal Government through the National Action Committee on AfCFTA agreement.
The event which is the Third Annual Lecture and Awards of the online medium has as its theme: “Assessing Nigeria’s Preparedness to Maximize the Gains of AfCFTA.”
The event will also witness conferment of awards on eight eminent Nigerians who have distinguished themselves in various fields of human endeavours.
The Managing Director/Editor-In-Chief of Primetime Reporters, Mr. Saint Augustine Nwadinamuo, made this known in a statement made available to The Tide in Lagos on Monday.
According to him, the event will hold at the National Institute of International Affairs (NIIA), Kofo Abayomi Street, Victoria Island, Lagos beginning from 10.00am.
Nwadinamuo said that the event would be chaired by a renowned legal practitioner, Barr. Osuala Emmanuel Nwagbara of the Maritime and Commercial Law Partners, Lagos, while the Director General, Lagos Chambers of Commerce and Industry (LCCI), Dr. Muda Yusuf, would be the lead paper presenter.
By: Nkpemenyie Mcdominic, Lagos
The Economic and Financial Crimes Commission (EFCC), has arrested a leader of a deadly 419 syndicate, Abayomi Kamaldeen Alaka (a.k.a Awise) over an alleged attempt to swindle an innocent Nigerian of N250 million.
The Tide learnt that the syndicate operates from a shrine at Ashipa Town, near Abeokuta, Ogun State.
According to a statement made available to The Tide in Lagos on Sunday, by the EFCC, Awise’s arrest followed a petition by his victim, Juliet Bright who lost N250m to the fraudster after she was tricked to provide money for sacrifices and invocations to heal her of an ailment.
The statement said Bright was introduced to Alaka by one Akinola Bukola Augustina (a.ka. Iya Osun) whom she met on Facebook in the course of her search for solutions to her health challenge.
What drew her to Augustina was the latter’s post under the name, Osunbukola Olamitutu Spriritual Healing Centre.
Once Bright contacted Augustina, the latter promised to heal her if she could pay N16 million.
The victim paid the money through an Access Bank account belonging to one Mohammed Sani, who later turned out to be a Bureau De Change Operator.
After paying the money without receiving healing, Augustina transferred the victim to other members of the syndicate, notably Awise.
Bright revealed that she met Awise at his shrine in Ashipa Town and was hypnotized and subsequently transferred various sum through bank accounts and in cash to the suspect and his syndicate members, until she lost N250 million to them.
Despite all the monies collected from her, her health conditions has never improved.
By: Nkpemenyie Mcdominic, Lagos
An expert in Quarantine Agriculture, Dr Vincent Ozuru, has advised Nigerian farmers to give more attention to growing plants produce that could be exported.
He said that plant like the hibiscus, popularly known as Zobo is on high demand in some countries around the world, today.
Ozuru who gave the advice while speaking to aviation correspondents at Port Harcourt International Airport, Omagwa, noted that some plants produce, particularly hibiscus, had yielded huge revenue to the Federal Government through export.
According to him, Nigeria exported about 1,983 containers of hibiscus to Mexico alone in 2017 and earned $35 million within nine months of that year.
The agricultural quarantine expert explained that the export of the plant had a setback as a result of storage pest discovered by the Nigeria Agricultural Quarantine Service in some consignments.
“The issue has now been taken care of and the export is resuming again, and all matters have been resolved with the stakeholders across the value chain.
“Mexico is the largest importer of Nigerian hibiscus, and our farmers should brace up to the challenge.
“The good news is that Nigeria has a vast growing belt in hibiscus, and the harvest is available all year round.
“We need to take advantage of this opportunity to earn foreign exchange for ourselves and for the country at large, even with the commitment of the present administration to diversify the economy”, he said.
Ozuru called on Nigerian farmers to show more commitment to the growing of export produce and also endeavor to get ready information on it in order to increase their income.
By: Corlins Walter
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