Business
NLC Chairman Laments Lack Of Dev In Abia
The Chairman, Nigeria Labour Congress (NLC) in Abia State, Chief Uchenna Obigwe says at 26 “the state is still crawling like a baby,” in terms of development. Obigwe spoke in a telephone interview with newsmen in Umuahia, on the 26th anniversary of the state and level of progress so far recorded.
“At 26, Abia is still crawling like a baby because previous administrations failed to develop the state,” he said.
Abia was created on August 27, 1991, by then military President Ibrahim Babangia.
According to Obigwe, the extent of decay in infrastructure is enormous and that it will take time for any meaningful development to be achieved in the state.
On the fate of workers, the NLC chairman said that it had not been easy for civil servants in the state, owing to the delays in the payment of salaries.
“You know that this is my constituency, so I can safely say that this administration is doing well to better the lot of the civil servants in the state.
“Today, the governor, Dr Okezie Ikpeazu, has paid workers in the ministries, departments and agencies (MDAs) up to date.
“We only have issues with the local government workers, teachers in primary and secondary schools, some parastatal agencies and pensioners.
“If the government can take care of the salaries of this category of workers like those in the MDAs then our problem is over,” he said.
Also, the pioneer chairman of the state council of the Nigeria Union of Journalists (NUJ), Mr Ogbonnaya Iheaka, shared similar opinion that at 26, Abia had not done well in the area of development. Iheaka told newsmen in a telephone interview that the state had come of age, but lagged behind in terms of development.
He expressed worry that past administrations failed to put the basic things that would propel development.
“Certain basic things that ought to be done to drive development in the state were not done.
“For instance, it was only during the last administration that workers’ secretariat was built yet it was far below the standard you find in other states,” Iheaka said.
He also said that the state had not experienced the required federal presence and that past administrations did not do much to attract federal and international development agencies to the state.
He said that the state had achieved a milestone in power sharing, particularly the governorship position, among the three senatorial districts.
Iheaka, however, said that the development of the state was seriously threatened by sectional tendencies amongst the political leaderships.
He said: “Since the return of democratic rule in 1999, political leaders have concentrated development in their own areas and paid little or no attention to other sections of the state.
Business
Food Vendors, Others Relocate To New Site At PH Airport
The raging controversy between the Port Harcourt International Airport Management and restaurants/canteen operators and theirallies over relocation has been brought under control, as the operators have commenced relocation to their structures at the new site.
Recall that there had been serious feud over a directive by the Manager of the airport, Mr. Michael Area, for food vendors and their allies to relocate to the new site.
They insisted that the new site was too distant and hence, would negatively affect patronage from customers, with possible loss.
They further also insisted that it wouldcost them much money to put up another structure, given the economic situation in the country, since the airport management did not build any structure for them, apart from providing the empty land they have to also pay for.
The situation had led to flexing of muscles, which made the Airport Manager to order for sealing of all shops, resulting in scarcity of food, as airport users could not find a place to eat, apart from the only Genesis fast food spot available.
As at last Friday, The Tide observed that most of the food vendors had transferred their structures to the new place, and had started doing business there already.
Meanwhile, customers have started settling down at the new location as they were seen patronising shops for foods and drinks, in spite of the distance.
Few of the remaining structures at the old site, The Tide further gathered, will also be removed as quickly as possible, and the owners are making efforts to get funds for the job to be done.
One of them, Mrs Aka Love explained that she was going to relocate to the new place before the end of March.
Currently, business activities at the old site have come to null, as the place which was usually a beehive of food, drinks and relaxation, has completely winded down.
By: Corlins Walter
Business
MOWCA Strengthens Maritime Crime Prevention
Secretary General of the Maritime Organisation of West and Central Africa (MOWCA), Dr. Paul Adalikwu, has stepped up interaction with the United States Government to lift restrictions placed on some member countries allegedly implicated in illicit shipping activities.
Adalikwu, who led a delegation from the MOWCA Secretariat to the US Embassy in Abidjan for a first leg of the strategic consultation aimed at promoting seamless participation of MOWCA countries in international trade within the global maritime space, reiterated the organisation’s commitment to the best ethical and lawful maritime practices.
Addressing the U.S Ambassador to Côte d’Ivoire, H.E Mrs Jessica Davis Ba, the MOWCA SG stated the organisation’s interest in promoting the International Ship and Port facility Security (ISPS) code which aims at enhancing security of vessels and their ports of call.
He expressed the commitment of MOWCA in promoting environmentally friendly, safe and cost effective shipping without any encumbrance that may limit the economic potential of member countries.
Dr Adalikwu recalled that at the instance of the U.S. Department of State invitation, MOWCA participated in the 2023 Registry Information Sharing Compact (RISC) Conference in Larnaca, Cyprus, on February 28–March 1, 2023, and a virtual meeting held on June 6 2023, with Mrs Jennifer Chalmers, Officer in change of Counterproliferation Initiative.
He recalled The U.S. DOS willingness to support MOWCA’s effort for preventive maritime security through the establishment of the Center for Information and Communication (CINFOCOM) with the aim to ensure a maritime situational awareness domain within MOWCA’s member states’ waters.
He added that MOWCA under his watch is committed to training and retraining of maritime practitioners and experts to enhance the human capital capabilities of member states.
The CINFOCOM will help prevent transnational crimes committed at sea like sanctions evasion by North Korea and other state actors, who exploit poor enforcement due diligence by ship open registries to circumvent United Nations and U.S. trade restrictions.
By: Nkpemenyie Mcdominic, Lagos
Business
Nigeria’s Public Debt Hits N97.3trn – DMO
The Debt Management Office (DMO) has hinted that Nigeria’s public debt increased by 10.7 per cent from N87.87 trillion in the third quarter of last year, to N97.34 trillion as at December 31, 2023.
DMO, in an update data released last Friday, said the increase in the debt stock was largely due to new domestic borrowing by the Federal Government to part finance the deficit in the 2024 Appropriation Act and disbursements by multilateral and bilateral lenders.
The office noted that the N97.3 trillion public debt comprises of domestic debt of N59.12 trillion and external debt of N38.22 trillion. The sum of $3.5 billion was used to service external debt during the review period.
“Nigeria’s Public Debt Stock as at December 31, 2023 was N97.34trillion or $108.229 billion. This amount comprises the domestic and external debt stocks of the Federal Government of Nigeria (FGN), the 36 States Governments, and the Federal Capital Territory (FCT).
“There was an increase of N9.43 trillion over the comparative figure for September, 2023, which was largely due to new domestic borrowing by the FGN to part finance the deficit in the 2024 Appropriation Act and disbursements by multilateral and bilateral lenders.
“At N59.12 trillion, total domestic debt accounted for 61 percent of the total public debt stock, while external debt at N38.22 trillion accounted for the balance of 39 percent.
“Consistent with the debt management strategy, Nigeria’s external debt stock was skewed in favour of loans from multilateral (49.77 percent) and bilateral lenders (14.02 percent) or total of 63.79 percent which are mostly concessional and semi-concessional.
“Whilst the DMO continues to employ best practice in public debt management, the recent and on-going efforts of the fiscal authorities to shore up revenue will support debt sustainability”, DMO stated.
By: Corlins Walter
-
Politics3 days ago
LP Petitions SGF Over Alleged Office Vandalism By NLC
-
News3 days ago
Ban On Foreign Trips’ll Save Nigeria N5bn Quarterly -Tinubu
-
Sports1 day ago
Corruption: China Jails FA President For Life
-
Politics1 day ago
EFCC’s Eyes On You, Gov Alia Warns LG CTC Chairmen
-
Oil & Energy3 days ago
Innovation, Key To Sustainable Energy Dev – Stakeholder
-
Sports3 days ago
NWFL:Heartland Queens’ Winger Sure Of Victory Against Abia Angels
-
Breaking News3 days ago
RSG Faults Assembly On Assembly Service Commission Law
-
News1 day ago
NSCDC Uncovers Illegal Refineries In Rivers Forest