Niger Delta
Minister Commends Nigeria, Cameroun Relationship
Relations between Nigeria and the Republic of Cameroun have become stronger as some significant achievements have been recorded by both countries in the last few years. Mr. Luc Magloire Mbarga, Cameroun Minister of Trade who stated this at the opening of the Cameroun Economic and Trade Week in the main bowl of the Cultural Centre, Calabar, attributed the rise to the October 2008 meeting between President Musa Yar’Adua of Nigeria and President Paul Biya of Cameroun which culminated in the first Nigerian Trade and Cultural week in Douala in March 2009. According to Mbarga, the Cameroun Economic and Trade Week is a follow up to a promise that Cameroun would follow the move made by Nigeria by holding its own version in Nigeria later in the year, adding that the decision falls in line with resolutions to ratify economic unions between the two nations. Mbarga reasoned that the economic week would afford business men and women the opportunity to interact and share their different know how, adding that time has come for the two countries to grow for the benefit of the people as the trade agreement between them is intended to make the duo one of the strongest trading partners in Africa. He noted that both stand to gain greatly if they partner because of their areas of comparative advantage than trading with oversea nations with what is available continentally, commending the two countries for the resolve to settle their differences peacefully. Chief Achike Udenwa, Minister of Commerce and Industry, represented by Mr. Augustine Adigwe, commended the Cameroun government and the organisers for the initiative which is aimed at promoting trade between the two countries, adding that the Nigerian Trade and Cultural Week held in Duoala was a great event which became a catalyst to ignite the economic and cultural potentials of the two countries. Udenwa disclosed Nigeria’s vision 20:20:20 on industrial reform which touches on increase in industrial productivity, promotion of the non-oil sector and promotion of export is aimed at creating employment and wealth, stating that Nigeria and Cameroun have a strong cordial relationship of benefit though far below their income potentials. The Minister observed that the forum would create opportunities for trans-border trade between the two countries as well as improve the quality of the people through Public Private Partnership (PPP), saying that there should be more fora for trade fares and exhibitions to promote trade between the duo and that by this time next year, Nigeria will be back in Cameroun. Governor Liyel Imoke of Cross River State in a welcome address, said there was need to create a conducive environment for trade between Nigeria and Cameroun through support for entrepreneurship, establishment of infrastructure like roads, water transportation as well as enforcement of security to address critical areas to boost commerce and trade. Imoke asserted that Calabar would provide opportunities to interact, share ideas that would contribute to the growth and development of the two countries as those involved would proffer ideas that would bring development for the collective growth of the nations.
News
China Alerts Rivers, A’Ibom, Abia Govs To Economic Triangle
The Mayor of Housing, My-ACE China, has alerted the Governor of Rivers, Akwa Ibom, and Abia states to what he calls an emerging ‘Economic Triangle’ within their states.
Mr China, a real estate success strategist who has won numerous local and international awards, has thus drawn the attention of the governors of the concerned states to the emerging development and has urged them to intentionally accelerate the emergence of the economic triangle.
Speaking to newsmen in Uyo, Akwa Ibom State capital at the conclusion of his business trip to the state, Mr China, who is the managing director of the Housing and Construction Mayor Limited, said the envisaged economic corridor would compete favourably with the Lagos economic hub or even better.
He said: “Talking about ‘Economic Triangle’, the only place that can wrest economic power from Lagos is Akwa Ibom, Abia, and Rivers states axis or corridor. This corridor contains more than Lagos has, if they can be interconnected with smooth roads, ports, and if their blue potentials are unlocked. They will not only wrest power from Lagos but would be more lucrative.”
The investor who is behind the emerging Alesa Highlands Green Smart City in Eleme, near Port Harcourt, said the new ‘Economic Triangle’ has a bigger potential due to massive land assets with the corridor plus blue economy and the existing hydrocarbon industry.
Explaining, Mayor of Housing said Aba (Abia State) provides the biggest fabrication capacity in West Africa to supply goods to the Gulf of Guinea; Port Harcourt provides access to the Gulf of Guinea for off-taking Aba products, and the Uyo provides deep sea port at Ibaka and international airport facilities as well as forest reserves for massive agro-economy.
He said with sea ports in Rivers State and deep seaport in Akwa Ibom, and international airports in Rivers and Akwa Ibom, Aba can focus on adequate power supply and fabrication boom to supply a new booming market around the economic triangle.
By doing this, he said, jobs would spill out in huge quantities and more manufacturers would be drawn from all over Africa to boost the fast coming African Continental Free Trade Agreement (AfCFTA). He said Nigeria would thus have two major trade nodes in West Africa; Lagos and the PH/UYO/Aba triangle.
He said goods going to or coming from Chad, Niger, and the rest of Central Africa can head to the Lagos ports or to the Ibaka/PH ports zone in the new economic triangle.
He said with power supply made stable, good roads, excellent security system, and ease of doing business enthroned in the zone, the South-South and South East would become the biggest economic nerve in the near future.
Mayor of Housing called on governors of the three states to be intentional about the new corridor, put away political differences (if any), and create this corridor by agreeing on projects each state would execute with a short period of time so the states would be linked by good roads, communication, security, trade laws, concessions to investors, etc.
He remarked that northerners were already heading to the Onne Port in Rivers State to export goods, saying creating a commission to oversee the development of the ‘Economic Triangle’ would fast-track its emergence.
He observed that people of the three states are peaceful and usually preoccupied with zeal for economic prosperity, saying that if they are linked to such huge opportunities staring at them in the emerging economic triangle, they would totally shun violence and focus on prosperity.
Mr China insisted that the emerging economic triangle would form a big node not only into the Gulf of Guinea economic zone but into Africa because AfCFTA is about production, certification, market availability, and easy transport nodes by sea and air. He said the new economic triangle boasts of all the factors.
“They can only realise this by working together, through collaboration. One state cannot do it but a triangle of the three will create it through seamless interconnection, ports, industrial park, etc. The people will be the richest and internally generated revenue (IGR) will be the biggest in the country,” he said.
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