The Niger Delta Youth Council (NDYC) has lauded President Umaru Musa Yar’Adua over the grant of 10 per cent equity in all Federal Government Assets and Businesses to Oil producing communities in the Niger Delta Region.
Speaking with newsman in Port Harcourt the president of Niger Delta Youth Council (NDYC) Chief Mike Amakiri, said that the president’s gesture shows dearly his good intention for the Niger Delta people.
Chief Amakiri, was of the view that president Yar’Adua is living up to expectation, judging from the level of achievements he has recorded in a short time.
According to him, the 10% equity grant of all Federal Government’s businesses assets to the Niger Deltan’s, proved that he is a detribalized and a visionary leader who is always ready to listen to the cry of the down-trodden and the voiceless.
The president is a man of justice, equity, fair play and a covenant keeper. He is a voice to the voiceless and father to the fatherless” – he said.
He has also called on all Niger Delta Governors not to politic with the president’s sincere gesture or see it as business , as usual in order not to kill vision of the opportunity.
The Andoni born youth leader is also calling fleeing Oil magnets and foreign investors to come and invest in the area, as the place is now safe for business activities.
Also Niger Delta is safe for Business, our “Boys” have dropped their weapons, and embrace peace, President Yar’Adua is ever ready to work with us, so all companies which have fled the area should come back and invest so that the area will be taken to the next level” his words.
Also speaking, the Vice President of the group, Comrade Chinwendu Isaac Orduwa, praised President Yar’Adua and his Vice, Goodluck Jonathan over what he described as excellent vision, saying that in no distant time Niger Della will be a bee hive or investors and tourist attraction.
Expressing believe over the Yar’Adua – led Government, Comrade Orduwa also called on the National Assembly to expedite action over the passage of the 10% equity grant bill into Law for speedy development in-line with Mr. President’s 7point Agenda and the Niger Delta Master Plan.
He also appealed ‘with Oil Producing Communities in the Niger Delta Region to see themselves as part of the Oil Companies so that a cordial relationship will be created between them for better understanding.
Construction, Real Estate Sectors Contribute N20trn To GDP – NBS
The National Bureau of Statistics (NBS) has said economic activities in the construction and real estate sectors contributed N20trllion to the nation’s Gross Domestic Product (GDP) in the first three quarters of 2022.
The NBS report also showed that construction services earned N12.9trllion, while real estate contributed N7trllion to the GDP.
It further revealed that the construction sub sector contributed 9.5 per cent to nominal GDP in the third quarter of 2022, which is higher than the 9.26 per cent it contributed a year earlier and higher than the 7.95 per cent contributed in the second quarter of 2022, and also grew by 18.92 per cent in nominal terms (year-on-year) in the 2022 third quarter.
However, the sector dropped 28.75 per cent points, as compared to the rate of 47.67 per cent it recorded in the same quarter of 2021.
According to the national statistics body, real estate services in nominal terms grew by 9.13 per cent, higher by 0.50 per cent points than the growth rate reported for the same period in 2021, and lower by 3.68 per cent points compared to the preceding Quarter.
On a Quarter-on-Quarter, the sector growth rate was 16.38 per cent. The contribution to nominal GDP in Q3, 2022 stood at 4.96 per cent, relative to 5.27 per cent recorded in the third quarter of 2021 and higher than the 4.95 per cent accounted for in the second quarter of 2022.
The NBS calculates the sector’s contribution by adding up gross outputs such as a sum of fees, the value of work done, commissions receivable for the services rendered and other incomes.
It also considers intermediate consumptions such as details of the cost structure, including transportation fees, operational expenditure, minor repairs and maintenance etc.
“From the foregoing, it is clear that the contributed amount had revealed what the private sector could achieve in the nation’s GDP.
“When we talk about real estate, it is driven by private investors. This implies that for any economy to thrive, the private sector must be given a platform and a level playing ground for them to perform.
“It will be of note also that the real estate industry does not require an incubation period. Anytime you start building a house, at least 25 persons will get a job. So, if the government wants to support the economy of the country, more opportunities should be given to the private sector to thrive”, the report stated.
By: Corlins Walter
Expert Urges Domestic Airlines To Apply As Flag Carriers
Sequel to disagreement between the Federal Government and domestic airline operators over the Nigerian Carrier, which is a subject of litigation, a stakeholder in the aviation industry and Chief Executive Officer, Centurion Security Limited, Capt John Ojikutu, (rtd.) has urged domestic airlines to seek government approval to designate one or two of them as flag carriers instead of going to court over the Nigeria Air deal.
He said he had reservations about the lawsuit filed by the Airline Operators of Nigeria against the Federal Government and its foreign technical partners, and majority shareholders, saying there are so many things wrong with the FGN-ET deal.
“What I believe that the private airlines can do instead of wasting their time is to seek government approval to designate one or two of them as flag carriers on at least five Bilateral Aviation Safety Agreement routes.
“As far as I am concerned, the airline will die the same way defunct Virgin Nigeria died, and that is my displeasure over that ET partnership.
“So, it is not something that will be forced on the next administration. It is not a government policy that we must have a partnership with ET. So, I am sure the next government will not succumb to that.
“What they have now is a government airline, not a national carrier. Government just called one or two persons. In SAHCOL, two people there have 78 per cent shares, and one person in MRS, who is a foreigner, has 60 per cent. So, invariably, it is the government and one or two people as far as I am concerned”, he stated.
FAAN Boss Orders Allocation Of PH Airline Building To Airlines
Managing Director and Chief Executive of the Federal Airports Authority of Nigeria (FAAN), Capt. Rabiu Yadudu, has urged the Port Harcourt International Airport Manager/Regional General Manager, South-South/South East, Mr Felix Akinbinu, to ensure that airlines are immediately allocated the new airline building without delay.
He noted that the new airline building project is one of the important projects that have been executed at the Port Harcourt International Airport, Omagwa, and would want the immediate use of the building.
The Managing Director, who gave the directive during the commissioning of the airline building, described the Port Harcourt airport as one of the busiest in Nigeria.
Represented by the Director, Airport Operations, Capt. Mukhtar Muye, Akinbinu noted that there are about 27 airports in the country, and described the airline building as a good edifice.
“This project is very important to us, and I would urge the Regional Manager to ensure that airlines are immediately allocated the building without delay.
“We are very happy to commission this airline building to decongest the terminal building they currently occupy. We know that this is a good edifice that will attract other airlines, includi international airlines, to Port Harcourt Airport”, he said.
Earlier in his address, Akinbinu said the commissioning of the building will go a long way in the provision of office space for airlines and other stakeholders in the airport.
“This building will also help to decongest the domestic terminal building of people who troop in and out to purchase tickets, do sundry enquiries, thereby ensuring effective access control into the terminal building.
“The building consists of eight suites, which are suitable for multipurpose, including banking halls and offices, a large packing space and a gate house for security.
“One of the buildings has been designated as a Magistrate Court, which will serve the airport in the quick dispensation of service”, he stated.
Highlight of the occasion was presentation of goodwill messages from stakeholders at the airport, such as the host community, the League of Aviation Correspondents.
Alsos, the new Airport Area Command of the Police, and former Police spokesperson in Rivers State, ACP Ireju Barasua, assured of adequate security at the airport, expressing delight that more projects will come to the airport.
In his vote of thanks, the Head of Corporate Affairs at the airport, Mr Kunle Akinbode, thanked all for making the programme a successful one.
The representative of the Managing Director also cut the tape to declare the building open for business.
By: Corlins Walter
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