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Osun Organises Economic Summit To Reposition State

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The Osun State Government says its proposed economic and investment summit is aimed at attracting investments in critical growth sectors and diversifying the economy of the state.
The Chief of Staff to Osun State Governor, Dr Charles Akinola made the assertion during a news conference in Osogbo yesterday, while reviewing the plans for the summit slated from November. 19 to November 21.
Akinola, who is the Summit Planning Chairman, said the summit would assist in repositioning the state from being a civil service state to an economic hub in the country.
He said the main focus of the economy would be agriculture, culture, tourism and mining.
Akinola said further that the summit would provide an opportunity to bring the state government, potential local and international investors together to exploit the opportunity of collaboration and partnership.
“This state is blessed in agriculture, textile and mining, and investors are needed to invest in these areas to showcase the opportunities abounding in the state.
“The state is regarded as a centre of excellence for textile, while we have huge deposits of gold as well as good climatic condition for all-round farming.
“All these will be showcased for our investors to see coupled with the peaceful environment and stable electricity supply for economic growth.
Akinola said that Vice President Yemi Osinbajo; Managing Director/Chief Executive, Transmission Company of Nigeria (TCN), Mr Usman Mohammed, among others would participate in the summit.
Also speaking, the Supervisory Director for the State Ministry of Budget and Economic Planning, Prof. Olalekan Yinusa, said that the summit would expose the economic investment opportunities in the state.
He said that this was in line with the state government’s ten-year economic plan.
Yinusa, who is the Summit Planning Co-Chairman, said the summit would dwell on infrastructure, human capital and sustainable development.
“This summit will serve as an intellectual economic forum where cross-fertilised ideas, opinions and views will help to chart a new course and a workable economic roadmap for the state,’’ Yinusa said.
In her remarks, the Commissioner for Information and Civic Orientation, Mrs Funke Egbemode, said the media would be engaged in showcasing investment opportunities in the state during the summit.

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Israel, Nigeria Sign Bilateral Agreement On Green Energy

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The State of Israel and Nigeria on Wednesday signed bilateral agreement in the field of green energy development.
The agreement was the outcome of a closed door meeting between Mr Yotam Kreiman, Deputy Head of Israeli Mission to Nigeria, Dr Ogbonnaya Onu, Minister of Science and Technology in Abuja.
Yotam told newsmen that “Dor” Group is one of the leading companies in Israel in the field of energy.
He expressed appreciation to both the Dor partners and the ministry over success of the signing of the agreement.
According to him, the company had excelled in production of methanol as a safe, clean and green substitute for fuel in Israel and now in Nigeria.
Yotam said: “Both Dor and the diplomatic relations and friendship between Israel and Nigeria are now 60 years old.
“The process that brought us today has neither been short nor simple, after many test and checks of possibilities and probabilities, it is commencing.

“Israel is happy to bring technologies and knowledge to Nigeria, especially in this dire time, when job opportunities are scarce and much needed.
“We believe this project will change the future of Nigeria and Africa in general, particularly when it comes to green, clean energy.
“We know West Africa region looks up to Nigeria and we are happy to celebrate the beginning of this bilateral relation.”
He extolled Onu and other partners of Dor in Nigeria for their belief in the project to have contributed to the success of the agreement since the inception, meanwhile, Onu commended Israel’s remarkable achievements in the development of technology. According to him, Israel had always excelled in whatever they set their minds on and thereby commended the signing of the bilateral agreement as a win-win situation for both countries.

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How To Fix Nigeria Power Sector – Expert

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An energy expert,  Engineer Samuel Kwelle has called for more drastic reforms in the power sector to address the energy needs of the people.
Kwelle who spoke with The Tide in an exclusive interview in Port Harcourt recently, said  states and local governments across the country should be encouraged to invest in the power sector to meet up the power need of the people.
He pointed out that placing power generation on the exclusive list of Federal Government was not in the best interest of the people as: “Only the full liberation of the Sector can raise productivity in energy generation and consumption. There is need for an indigenous driven power policy where Nigerian experts will be given the opportunity to make key inputs.
States and local governments should also be encouraged to seek effective measures of providing power for the majority of Nigerians domiciled at the rural area,” the Technical Secretary of Port Harcourt branch of the Nigeria Society of Engineers pointed out. The key to industrialisation and economic development of any society is the efficiency of the energy sector, any society that depends on generator to drive its economy will fail. What is required for Nigeria to spin on into the global economy is to upgrade its power sector to tackle  the peculiar power needs of the people, this requires drastic reforms divestment, Nigeria is yet to explore its potentials in renewable energy.”
He emphasised that the Federal Government should encourage the States and other stakeholders and entrepreneurs to be actively involved in, “power sector service delivery and development.”
Kwelle, who is a Senior Member of the American Institute of Chemical Engineers, said the development of renewable energy and the non oil sectors should be given priority attention adding that fossil oil was becoming obsolete as the global  economy was geared towards the non oil sectors.
He also stressed the need to explore alternative sources of energy for power generation such as renewable energy.

 

Taneh Beemene

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Middle East Airline’s Aircraft Collides With Turkish Plane At MMIA

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A passenger plane belonging to the Middle East Airline was last Wednesday involved in a minor accident with a Turkish plane at the Muritala Mohammed International Airport, Lagos.
Eyewitnesses said the Turkish Cargo flight was parked on the tarmac when the Middle East airbus ran into it.
Spokesman for the Accident Investigation Bureau, Tunji Oketumbi, confirmed the incident but said that the bureau was yet to determine the level of involvement as of press time.
He said: “I am aware that it happened but officially I do not have the details. We at the AIB investigate aircraft accidents and serious incidents. Right now I do not know the level of involvement.”
“We are yet to ascertain our level of involvement now. If it is a minor incident.
“It will be determined by the Nigeria Civil Aviation Authority.
“It depends on the level of damage. If it does not affect the flight operation of either of the airport, we may not be involved.”
It was learnt that the MEA was preparing to take off on an evacuation operation. It was also learnt that the incident prevented the flight from taking place.

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