Business
PH Trade Fair And The Economic Mix Grill
The 5th Edition of the Port Harcourt International Trade Fair, has made remarkable improvement when compared with previous editions. This is the opinion of some market operators and the organizers of the event, the Port Harcourt Chambers of Commerce, Industry, Mines and Agriculture (PHCCIMA).
Though, both the organisers and some of the operators share a common idea, that all sales in the Trade -Fair has over 20 per cent discount compared to the open market prices.
Some exhibitors came from far North, West and some neigbouring states, life Bayelsa, Imo, Abia and others.
In the views of the 2nd Deputy President of PHCCIMA, Dr. Renny Cookey, the 5th Port Harcourt International Trade Fair as organised by his organisation, is getting better and better over the years. The highlight of this year’s edition he said, was the opening ceremony which was formerly launched by the Rivers State Governor, Rt. Hon. Chibuike Amaechi, who was ably represented by his Commissioner for Commerce, Hon (Chief) Ogbonna Nwuke last week.
Dr. Cookey, hinted that the opening ceremony was followed by a meeting with the Minister of Commerce and Former Governor of Imo State, Chief Achike Udenwa.
According to him, Udenwa spent about two days at the Trade Fair. He said the minister’s main campaign during his two day stay was “much noise about the promotion of made in Nigeria goods.”
The PHCCIMA boss admitted that the patronage of made in Nigeria goods are of a low patronage, saying that they are substandard.
Another reason he gave for the low patronage of made in Nigeria goods was orientation. He argued that people still believe that anything that is imported is of a superior quality to the made in Nigeria goods.
He explained that some of the products exhibited in this year’s Trade Fair are or a better standard but people still do not like or buy them simply because it is branded made in Nigeria but when rebranded made in Japan they buy them.
“Some of the products exhibited this year are of standard. But I can tell you that some of the products are better than foreign qualities. And I can tell you that some shoes made in Aba are branded made in Japan just to gain the market and nobody has disputed the quality, and it has to do with orientation,” he said.
He boasted that he is aware of a lady here in Nigeria, who makes and exports shirts to Marks and Spencer in United Kingdom. Because the quality of the production is very high. He pointed that tht because of the high quality of workshops like Marks and Spencer, anyone maybe willing to buy.
About the issue of enlightenment campaign for made in Nigeria goods, he said that the Ministry of Commerce has to partner PHCCIMA in the promotion of or in the encouragement of the purchase of Home made goods or getting people aware.
The Ministry of Commerce, or Government, he said, are, not in business, but the chambers which is the representative of the organised private sector, needs be allowed more participation in the campaign for Home made goods.
He stressed that PHCCIMA has access to all market operators and manufacturers, saying that if given the platform to carry out the campaign, it will achieve a high awareness range more than the government.
He revealed that by Wednesday December 23, 2009, when the Trade Fair will formally end, almost double of the present exhibitors are expected in the market, adding, that it has become almost a tradition in the Trade Fair where some exhibitors believe customers patronize them more towards the end of the Trade Fair in the preparation for Christmas celebration.
To this end, he said more products ranging from cars, boats, Generators, plough moulers and other products will be displayed. He hinted that some big market makers like Dangote, Grevok, Eastern Enamel Ware and others will hit the market.
Concerning security, there are plain and uniformed security operatives. The uniformed men, he said are organized by Medalion, to mount surveillance and monitoring of the market are noting that, the level of security is high, and exhibitors were happy to bring in expensive products to the market without fear.
Live entertainment was also part of this year’s Trade Fair where operators and buyers relax at the end of the day’s business.
When asked whether some of the Casino stands at the Trade Fair were part of his arrangements, he said no, saying that they (PHCCIMA) are not at the place to promote gambling, adding that such activity was not part of the objectives of the Trade Fair.
Some operators like Engr. Calistus Eziudu of Geopan Nig Ltd., who also spoke with The Tide, said he was there in the market to test-run products for customers before they carry it home.
Engineer Eziudu said since his company deals on generating sets, it was out of place to allow customers bear the risk of returning to the market should their purchased products fail at home.
Comparing this year’s edition of Trade Fair to that of last year, he subscribed to the fact that there was an improvement and an upward movement in terms of patronage.
The Geopan Nigeria Limited Engineer, who was full of praises for the organizers of the Trade Fair, explained that some people were not yet aware of the importance of Trade Fair due to lack of proper enlightenment campaign programme. According to him, some people only came to the market due to some jingles done by some private companies, and therefore, called on PHCCIMA to do more in the areas of publicity.
The sales executive of Medic Company Limited, Joy Awuamba who was of a different view, said the market performance was poor compared to that of last year.
Agwuanba said that the market, which has lasted about nine days as at Friday last week has little or nothing to show for it.
The sales executive officer of Medic Company Limited, said though her products (security gadgets) are not a selling, blamed the low patronage on the yet-to be paid workers’ salaries and bonuses for the month.
She pointed out that her company reduced sales to almost 40 per cent discount but all to no avail.
Oku Perkins, who shared this view of low patronage with his colleagues, said that the economic hardship, has affected negatively on that people’s purchasing power.
Perkins called on the organizers of the Trade Fair not to allow it coincide with any government’s function. He argued that Friday sales was very low due to the CARNIRIV, saying that people also went there to buy as some exhibitors were reportedly seen at the venue.
In the area of s tall allocation, he regretted that the organizers take a cut-t hroat of about N400-N500 per square metre. He said that the organizers should reduce it so that more exhibitors can come to the market.
The challenges in the Trade Fair he said, was lack of convenience, accommodation for exhibitors. He lamented that exhibitors in the market go miles in order to have themselves “cleaned up” and as well get dressed for the next day’s assignment.
Emiola Naturalist Care Limited, who also occupied about 120 square metres at Isaac Boro Park, venue for the 5th edition of Port Harcourt International Trade Fair, lamented that after paying upto N60,000, (electricity inclusive) for the space he booked for, the trade fair was not provided with light as promised by the organizers of the trade fair.
Speaking to The Tide, the company’s Principal Consultant, Mr Ayobami Adejare, noted that the company’s participation in the next year’s exhibition will be determined by a
strong promise by the organizers to improve on the area of power provision.
Mr Adejare, regretted that after paying such a huge sum, the company still spends over N2,000 on daily basis to fuel the generating set in order to power its space at the trade fair.
He also intimated the organizers on the need to do more on promo and announcement. He said that lack of enough promo and announcement was part of the setback the trade fair suffered this year, saying that people only started coming to the market after some companies went on air.
The product champion of Oceanic Bank Plc, Mr Sylvester, agree that there is low turn out of customers in this year’s edition of trade fair. He said over the years, turn out of customers have been encouraging, but could not say why this year was a different ball game.
He also admitted that customers still patronised the bank and others despite the low performance of the market.
Business
NCDMB Canvases Pan-African Local Content Synergy For Economic Diversification, Industrial Dev
The Nigerian Content Development and Monitoring Board (NCDMB), has called for deeper collaboration among African nations to unlock the continent’s enormous local content potentials and accelerate economic diversification, industrial growth, and sustainable development across the oil and gas value chain.
The position was presented during a strategic engagement in Namibia with focus on African Local Content Opportunities and cross-border partnerships.
Executive Secretary of the Board, Engr. Felix Omatsola Ogbe, represented by Dr. Abdulmalik Halilu highlighted the importance of leveraging African capabilities, harmonizing local content policies, and fostering strategic partnerships among African businesses to maximize value retention within the continent.
Speaking on the theme, “African Local Content Opportunities: Pathway to Economic Diversification and Development,” Dr. Halilu noted that several African countries have established legal and regulatory frameworks for local content development, creating a foundation for greater regional integration and industrial cooperation.
He emphasized that African local content should promote the development and utilization of cross-border capacities and capabilities as a catalyst for the industrialization of the continent.
Ogbe referenced key aspirations of the 2025 APPO Ministerial Council’s Brazzaville Declaration, which encourages African nations to strengthen supplier capacity, support skills development and knowledge transfer, promote joint ventures and partnerships, harmonize local content regulations, and encourage public-private partnerships to enhance African participation in the oil and gas industry.
He further showcased existing African capabilities across fabrication, engineering, manufacturing, subsea services, marine operations, and project execution, demonstrating that the continent possesses significant capacity that can be leveraged through strategic collaboration among African companies and institutions.
Drawing from Nigeria’s local content success story, he highlighted the transformative impact of a data-driven implementation framework, noting the significant growth achieved since the enactment of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.
The Board’s Scribe emphasized that robust data systems, compliance monitoring, supplier development initiatives, and strategic investments have strengthened local participation and enhanced industry competitiveness.
According to him, the future of African local content lies in practical business-to-business partnerships that enable companies from different African countries to jointly pursue and execute major projects.
He outlined partnership models such as prime-subcontractor arrangements, incorporated local content joint ventures, contractual consortium bids, and reciprocal market access alliances as effective mechanisms for expanding African participation in large-scale energy projects.
The NCDMB boss stressed that realizing a truly integrated African local content ecosystem would require coordinated action across multiple sectors, including regulatory harmonization, trade facilitation, customs cooperation, immigration reforms, and access to sustainable financing.
He also endorsed initiatives aimed at creating a Pan-African supplier database and interactive opportunities platform to aggregate and showcase African capabilities.
“The opportunities available across Africa can only be fully unlocked through deliberate and synchronized efforts that enable cross-border service delivery and industrial collaboration.
“The Brazzaville Declaration represents an important starting point, but implementation, partnership, and policy alignment will ultimately determine the success of Pan-African local content”, Ogbe said.
The NCDMB’s helmsman further emphasized that the Board believes that leveraging the African Continental Free Trade Area (AfCFTA) framework and strengthening cooperation among African institutions and businesses will create new opportunities for indigenous companies to compete, collaborate, and deliver world-class projects across the continent.
Meanwhile, during the first panel session, the Director, Monitoring and Evaluation, Mr. Esueme Dan Kikile, Esq., shared his views on Global Best practices, perspectives on strategies for strengthening local participation and maximizing in-country value in the oil and gas industry.
Mr Kikile further Namibians to explore practical approaches to supplier development, skill transfer, enterprise growth and sustainable local content with discussions highlighting lessons from successes of other oil producing countries and their various relevance to building a resilient and sustainable oil and gas sector.
Similarly, at the exhibition tour at the Namibian Oil and Gas Conference (NOGC), Vice President of Namibia, Mrs. Lucia Witbooi, Vice President of Namibia, visited the Nigerian Content Development and Monitoring Board (NCDMB) exhibition stand.
A Statement from the Division of Corporate Communications of the NCDMB has it that the Namibian Vice President was warmly received by Mr. Esueme Dan Kikile, Esq., Director of Monitoring & Evaluation of the Board, alongside other staff.
The Statement adde that Kikile highlighted the Board’s mandates and activities, emphasizing the significance of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and its transformative impact on Nigeria’s oil and gas industry.
He also underscored the importance of regional collaboration and knowledge exchange in advancing sustainable growth across Africa’s energy sector.
By: Ariwera Ibibo-Howells, Yenagoa
Business
Bayelsa Denies Delays In Infrastructure Project Execution… Task Journalists On Factual Reportage
The Bayelsa State Government has charged Journalists on authentic and fact-based reportage on its activities and ongoing projects and programmes in the State.
The State’s Commissioner for Information, Orientation and Strategy, Mrs. Ebiuwou Koku-Obiyai gave the charge midweek during the State’s monthly Transparency briefing in Yenagoa, the State capital.
Speaking against the backdrop of alleged delays of work at the Igbogene new stadium in Yenagoa which recent reports have allegedly attributed to a pending federal government funding, the Commissioner described the claim as false and misinforming.
“There is no truth in that. That is all false. Work at the Stadium which is a world-standard, FIFA-standard stadium, is ongoing.
“The prosperity government remains fully committed to delivering a world-class facility for our youth. We are not waiting for anyone,” she stated.
Mrs. Koku-Obiyai said the administration of Governor Douye Diri remains focused on completing the stadium and other projects as part of efforts to develop the State and engage youths.
She described the media as a critical partner in governance and commended journalists for bringing government policies and projects to public domain
“With the election season approaching, I urge the press to remain professional and impartial in their reportage.
“Report facts. Hold government accountable. But do not become partisan players, or elevate personal issues above developmental concerns”, she said.
“I want to call on Bayelsans and friends of the state to participate in activities marking “30th creation anniversary of the State, the Glory of All Lands.
“The anniversary is an opportunity to celebrate the state’s achievements and project its future”, she added.
By: Ariwera Ibibo-Howells, Yenagoa
Business
Manufacturers Pay N74.5bn Tax As Reforms Offer Relief
Saturday PUNCH found that N74.48bn paid by manufacturers accounted for 13.82 per cent of the N538.91bn total local Company Income Tax collected during the period, according to data from the National Bureau of Statistics.
However, the sector’s tax remittance fell by 30.98 per cent year-on-year from N107.90bn in Q1 2025, highlighting the changing tax landscape as the four new tax laws introduced a simplified framework for businesses from January 1, 2026.
The Federal Government and the Manufacturers Association of Nigeria agree that the reforms should ensure that manufacturers meet their tax obligations without facing the multiple assessments, levies and administrative costs that previously burdened the productive sector.
Following a recent presentation to manufacturers, the Executive Secretary of the Joint Revenue Board, Olusegun Adesokan, said the new tax framework fundamentally changed manufacturers’ position within the tax system.
“The new law reframes the Nigerian manufacturer from an endlessly assessed target to a protected taxpayer. The law provides stronger safeguards than ever before. Our shared responsibility is to ensure these safeguards are consistently applied across every level of government,” Adesokan said.
He urged manufacturers to hold valid Tax Identification Numbers, maintain accurate records, file employees’ returns on time, pay undisputed assessments and raise valid objections where necessary.
Adesokan also urged manufacturers to comply with the Model Taxes and Levies Law, reject cash transactions for tax payments and use available dispute-resolution channels.
“The success of tax reform will ultimately be measured not by the taxes we impose, but by the businesses we enable to grow, the jobs we enable to create, and the prosperity we enable to share,” he said.
He said the four new tax laws had created an opportunity to reposition taxation as a strategic tool for growing the productive sector.
“In more recent times, the issue of tax has generated a lot of attention, both from the government and the private sector. And the four new tax laws that took effect from 1st of January 2026 have so far been a bigger platform for engaging and for deciding whether tax should support productivity or it should continue to burden the productive sector,” Ajayi-Kadir said.
He said manufacturers previously paid between 120 and 160 taxes and levies, which increased operating costs and created uncertainty for businesses.
The MAN DG said the Tax Ombud would provide manufacturers with a formal avenue for resolving disputes over assessments and other tax-related grievances.
“And we have a recourse in the tax ombudsman where we can address our grievances, our disagreements, and we’ll be sure to have a dispassionate settlement,” he said.
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