Business
Rivers NCSU Hails Union Boss Over Court Victory
The Rivers State Chapter of the Nigeria Civil Service Union (NCSU), has applauded the victory recorded by the National President of the union, Comrade (Chief) Lawrence Amaechi at the Appeal Court sitting in Abuja last Thursday, describing it as divine, well-deserved and appropriate.
According to the union, the victory has put to rest agitations and unnecessary litigations by some disgruntled elements against the National President’s elections three years ago.
The Chairman of the union in Rivers State, Comrade Chukwuka Osumah, who made the remarks in an interview with newsmen in Port Harcourt said the judgement in favour of the National President has paved the way for him to really settle down and effectively pilot the affairs of the union, stressing that it has also provided the leeway for him to remain focused in attending to the welfare needs of members of the union across the country, with a view to taking the union to more enviable heights.
Osumah said NCSU in the state is highly elated over the outcome of the case as it has put the members in a jubilation mood, and assured the National Presi-dent that members of the union would continue to support and rally round him in his bid to reposition the union.
The union chairman equally commended com-rade Amaechi for his forthrightness and commit-ment to the goals and aspirations of the union, and called on members of the union in the state to throw their weight behind the National President to enable him succeed, adding that with the court victory, Comrade Amaechi is now truly in charge of the affairs of the union in the country.
“The victory calls for all those fighting the National President to bury the hatchet and join hands with him to move the union forward because it has clearly shown that he is truly in charge,” he said.
Osumah said members of the union have absolute confidence in the leadership of the National President, and advised him to carry everybody along in his bid to take the union to a greater level.
According to him, “it is now time for all of us to work together.”
Also speaking, the coordinating secretary of the union for Rivers and Bayelsa States and Zonal Secretary for the South South, Comrade Dan Otakpo, while commending the National President over the court victory, said it is a victory for the union.
He noted, however, that he received the victory with mixed feelings since the National President had already done three years of his four-year tenure, contending that it would have been disastrous for the union if the court had ruled otherwise, and pleaded with the National President to carry all the members along.
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Business
FG Approves $1 Bn AFCFTA Credit Facility For Nigerian Exporters
The Federal Government has approved a whooping $1bn credit facility to support Nigerian exporters and small scale businesses to take advantage of the African Continental Free Trade Area (AfCFTA) in order to boost production, competitiveness and intra-African trade.
The $1bn AfCFTA Adjustment Fund Credit Facility is also expected to address some of the financing gap being faced by Nigerian exporters and enhance the competitiveness of African businesses within the continental market.
The Minister of Industry, Trade and Investment, Jumoke Oduwole, disclosed this during the second quarter 2026 meeting of the AfCFTA Central Coordination Committee held in Abuja.
According to a statement issued by the ministry’s Head of Press and Public Relations, Obilor-Duru Okechi, Oduwole said the financing facility represented a major opportunity for Nigerian businesses seeking to expand operations, modernise production processes and increase exports to African markets.
The statement partly read, “?The Federal Government has reaffirmed its commitment to accelerating Nigeria’s export-led growth agenda under the African Continental Free Trade Area, unveiling opportunities for businesses to access a US$1 billion AfCFTA Adjustment Fund Credit Facility aimed at boosting production, competitiveness, and intra-African trade.”
She noted that despite the progress Nigeria had made in implementing the continental trade agreement, many local businesses continued to face obstacles that limited their ability to take advantage of the single African market.
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“Many businesses still face challenges relating to export documentation, certification, standards compliance and market access,” the minister said.
She explained that the Federal Government was addressing these bottlenecks through enhanced trade facilitation measures, simplified AfCFTA guidance tools, stakeholder engagement programmes and stronger collaboration with institutions such as the Nigeria Customs Service and the Nigerian Export Promotion Council.
Oduwole stressed the need to strengthen Nigeria’s legal and regulatory framework by domesticating key AfCFTA protocols, particularly the Digital Trade Protocol, to position the country as a major player in Africa’s growing digital economy.
The minister also highlighted some of the gains recorded in Nigeria’s AfCFTA implementation efforts.
According to her, the expansion of Nigeria’s Air Cargo Corridor Initiative to Rwanda, increased collaboration with development partners and private sector players, as well as sustained engagement with state governments, were helping to deepen awareness and participation in the continental market.
In her welcome address and first-quarter update, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office, Mrs Patience Okala, provided details of the financing initiative.
Okala said the $1bn AfCFTA Adjustment Fund Credit Facility was targeted at large African businesses with a minimum financing capacity of $10m.
She revealed that the National AfCFTA Coordination Office was working closely with fund managers to facilitate access for eligible Nigerian companies and had begun assembling a pilot group of businesses to ensure that Nigeria maximised the opportunities provided by the facility.
Nkpemenyie Mcdominic, Lagos
Business
NIWA Harps On Avoidance Of Leaking Boats
The National Inland Waterways Authority (NIWA) has advised Nigerians against boarding boats that require constant bailing of water in the interest of their safety.
NIWA Area Manager for Cross River and Ebonyi, Mr Stanley Onuoha gave this warning in an interview with Newsmen in Calabar.
Onuoha who spoke on waterway
safety, said that passengers should take responsibility for their safety by inspecting boats before embarking on any journey.
According to him, repeated scooping of water from a boat is a clear indication that the vessel may be leaking.
“If you are entering a boat and see people using a bailer to remove water, it is the first signal that the boat is leaking,” he said.
He urged passengers to check the integrity of boats, including seating arrangements and other visible safety features.
The Manager restated the importance of using safety jackets, saying that damaged jackets may fail during emergencies.
He further said that passengers should ensure that safety jackets were appropriate for their body sizes in order to guarantee effective flotation.
Onuoha reiterated the need for passengers to fill manifests before departure to aid accountability during emergencies.
The NIWA official further advised travellers to monitor weather conditions and avoid boarding boats when the weather is unfavourable.
According to him, poor weather conditions can trigger strong tidal waves capable of affecting small boats commonly used on inland waterways.
He said that waterway journeys should be embarked upon between 6.00a.m and 6.00p.m for clearer visibility.
Onuoha said the Authority had continued to sensitise riverine communities to the need for safety precautions during waterway journeys.
He stated that sustained awareness campaigns and enforcement measures had contributed to safety waterway safety in Cross River.
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