Connect with us

Business

AU Set To Improve Intra-Africa Trade

Published

on

The Chairman of the AU Commission (AUC), Dr Jeaa Ping recently said that arrangements had been concluded to improve trade between African countries from the current 10 per cent to a higher level.

Ping said this in Addis Ababa at the opening session of the 19th Summit of African Heads of State and Government.

He stressed that while trade between African countries remained at 10 per cent, countries from other continents had attained more than 30 per cent trade improvement among the states.

Ping said that the Commission was working toward correcting the perceptible anomalies, while reviewing the implementation of previous agreements to improve Africa’s economic growth and development.

“For Africa to develop there is a need to strengthen her trade with other continents. It is also imperative to improve maritime transportation and agricultural development,’’ he said.

Ping, however, said that in the last six months, the AUC had initiated an agenda for Africa’s educational development through the new Pan AfricanUniversity, which would commence its academic session in September in five centres located across the continent’s five regions.

He said that the Commission was making efforts to ensure the sustainability of the university and its programmes.

Ping said that the priority focus of the AUC was also on areas such as capacity building, resource mobilisation, infrastructure and transport sector.

He said that the Commission had also strengthened its partnership with development partners such as the G8, G20 and Rio+20, among others, as part of its efforts to fast-track the development of the continent.

On peace and security, Ping said that the Commission had initiated some conflict prevention strategies via the AU Border Programme, as issues relating to national boundaries had been a major source of conflicts between African countries.

Ping commended ECOWAS for its efforts in restoring peace and security in Mali and Guinea Bissau and the Southern African Development Community (SADC) for its role in managing the crisis in Madagascar.

He pledged that the AUC would continue to work with all member states in efforts to strengthen their democratic process.

The AUC chief said that the Commission would also collaborate with member states in sustained efforts to fight organised crime, drug and human trafficking and in efforts aimed at eradicating conflicts.

“We need to translate the dreams of our founding fathers into reality; we also have to meet the aspirations of Africans, especially our youths,’’ Ping said.

Ping condoled with the government and people of Nigeria over the recent fuel tanker accident in RiversState, which claimed more than 100 lives.

Speaking, UN Secretary-General Ban Ki-Moon said that the UN would continue to collaborate with the AU in fighting piracy and restoring peace in Guinea Bissau, as well as in curbing trans-border crimes and other illicit activities across Africa

Ban, who was represented by Mr Jan Eliasson, the Deputy UN Secretary-General, said that the UN and the AU would also collaborate to develop a strategy that would address the crises between the Republics of Sudan and South Sudan, as well as the crisis in Mali with the aim of restoring the country’s territorial integrity.

He noted that more than 18 million people were in need of assistance in the Sahel region, while more than one million children in the region were ravaged by hunger and famine.

Ban, therefore, urged the two organisations to collaborate and solve some of the problems affecting the African continent.

In his address, President Boni Yayi of Benin, who is the AU Chairman, said that the summit would adopt an agenda for the work programme, while adopting the 2012 budget of the AUC.

He also said that it would consider the report of the ad-hoc committee on the election of the key AUC officers, adding that it would also appoint three judges for the Africa Court on Human and Peoples’ Rights.

He noted that the summit’s theme — “Boosting Intra-Africa Trade’’ – was apt and pertinent.

The News Agency of Nigeria (NAN) reports that President Goodluck Jonathan was represented at the summit by Amb. Olugbenga Ashiru, the Minister of Foreign Affairs.

NAN further reports that Dr Aisha Abdullahi, Nigeria’s Ambassador to Republic of Guinea, is contesting for the post of Commissioner for Political Affairs in the AUC.

Continue Reading

Business

Pipeline Explosion In Abua Odua, LGA Chair Calls For Calm

Published

on

Fresh explosions have hit oil and gas pipelines in Odau Community, in Abua/Odual Local Government Area of Rivers State, triggering a major security and  environmental crisis that has forced residents to abandon their homes.
The first incident occurred  along the Kolo Creek – Rumuekpe crude oil pipelines, operated by Renaissance Africa Energy Company Limited.
This was followed by a gas pipeline explosion on the Ogboinbiri – Obirikom Gas Pipeline, operated by Oando Plc, in the same week.
In a statement by the Abua/Odual Council Chairman, Hon. Owolobi Michael Ofori said  the blasts, suspected to be the handiwork of militants, have unleashed persistent gas leakage in the area, raising fears of fire outbreaks and toxic exposure as residents of Odau have largely deserted the community due to the dangerous situation.
According to him, some residents of the area have been hospitalised after inhaling the leaking gas, adding that the impact has spread to neighbouring communities, including Obedum, Emirikpoko, and Anyu in Abua/Odual LGA, as well as Oruma and Ibelebiri in Bayelsa State.
Hon. Ofori expressed deep concern over the plight of the affected residents and urged the operating companies to act swiftly.
The Council expressed its deepest sympathy to all affected persons and communities and remained gravely concerned about the safety, health, and welfare of residents whose lives and livelihoods have been disrupted by these incidents.
“We call on Renaissance Africa Energy Company Limited and Oando Plc to immediately deploy all necessary technical and emergency response resources to contain the fires, halt the gas leakage, secure the affected pipeline corridors, and mitigate further environmental and public health risks.” the Council Chairman Said.
The chairman also appealed to the two oil firms to provide immediate humanitarian assistance and relief materials to the displaced residents while work continues to restore normalcy.
The Council Chairman said he is working closely with security agencies and emergency responders to monitor the situation and coordinate necessary interventions.
The Council Boss advised Residents of the Local Government Area to remain calm, cooperate with authorities, and adhere strictly to safety directives.
Ofori further called on the National Emergency Management Agency (NEMA), the National Oil Spill Detection and Response Agency (NOSDRA), the Rivers State Government, and other relevant bodies to intervene urgently to prevent  loss of lives and environmental damage.
Hon. Ofori assured that the council remains committed to the protection and welfare of its people and will continue to engage all stakeholders to resolve the crisis.
Enoch Epelle
Continue Reading

Business

Fidelity Bank Collaborates YEIDEP To Empower Nigerian Students

Published

on

Fidelity Bank Plc has reaffirmed its commitment to youth empowerment, financial inclusion and entrepreneurship through a strategic partnership with the Youth Economic Intervention and De-radicalization Programme (YEIDEP), a Federal Government-backed initiative aimed at equipping young Nigerians with the skills, support and opportunities needed to build sustainable livelihoods.
Under the partnership, the bank will support the enrolment of students and young people into the YEIDEP programme, which is designed to tackle youth unemployment, promote enterprise development and expand economic participation among Nigeria’s growing youth population.
The next phase of the initiative is scheduled to end today at Nnamdi Azikiwe University, Awka, where the enrolment exercise for students and youths across the South-East that started since July 1st would be concluded at the university’s Convocation Arena.
The exercise is expected to reach more than 60,000 regular undergraduate students.
Speaking on the partnership, Fidelity Bank’s Divisional Head, Product Development, Osita Ede, said youth empowerment remains central to the bank’s vision of building a more inclusive and prosperous society.
He noted that Nigeria’s youths represent the country’s greatest asset and stressed that providing them with the right skills, opportunities and financial support is critical to unlocking their potential and driving national development.
According to Ede, the bank continues to provide young Nigerians with tools for success through its digital banking platforms, financial literacy initiatives, youth-focused products and strategic partnerships.
He added that Fidelity Bank recognises that limited access to funding, mentorship and business development support remains a major challenge for many aspiring entrepreneurs, and is committed to creating pathways that will help them overcome these barriers.
The bank said its support for YEIDEP aligns with its longstanding commitment to empowering Micro, Small and Medium Enterprises (MSMEs), which it described as key drivers of economic growth and job creation in Nigeria.
Interested students and youths have been encouraged to open Fidelity Bank accounts and register for the programme through the bank’s dedicated online portal.
Nkpemenyie Mcdominic, Lagos
Continue Reading

Business

NPA Launches Multi-Agency Taskforce To Combat Apapa Traffic Gridlock

Published

on

The Nigerian Ports Authority (NPA) has launched a multi-agency task force to combat the resurgence of traffic gridlock choking the Lagos Port access roads, in a fresh push to restore seamless cargo evacuation and sustain recent gains in Port efficiency.
The intervention followed a stakeholders’ meeting convened by the Managing Director of  NPA, Dr. Abubakar Dantsoho, on June 23rd, 2026, where security agencies, freight forwarders, truck operators and representatives of the Lagos State Government agreed on coordinated measures to eliminate the bottlenecks disrupting cargo movement.
At the meeting, stakeholders identified illegal extortion points, overlapping responsibilities among security agencies and other operational distortions as major factors responsible for the renewed congestion along the port corridor.
Speaking on the outcome of the meeting, the NPA’s General Manager, Corporate and Strategic Communications, Mr. Ikechukwu Onyemakara, said the Authority’s overriding priority is to guarantee the unhindered movement of cargo to and from the nation’s seaports.
According to him, the task force comprises the NPA, the Police, the National Association of Government Approved Freight Forwarders (NAGAFF), the Association of Nigerian Licensed Customs Agents (ANLCA), the Federal Road Safety Corps (FRSC), the Maritime Workers Union of Nigeria (MWUN), the Nigerian Association of Road Transport Owners (NARTO) and the Association of Maritime Truck Owners (AMATO).
“The responsibility of the task force is to monitor truck movement on the Port access roads on a regular basis, identify any disruption capable of causing gridlock and immediately resolve such challenges,” Onyemakara said.
He stressed that members of the task force would not establish checkpoints along the corridor but would maintain strategic presence at designated locations to ensure compliance without obstructing traffic.
To enhance rapid response, Onyemakara disclosed that the task force has created a dedicated WhatsApp platform through which members can instantly report infractions or emerging traffic issues for immediate intervention.
On the long-delayed renewal of the Electronic Truck Call-Up (ETO) system contract, the NPA spokesman said the Authority is reviewing the terms to ensure a more robust contractual framework before awarding a fresh agreement.
He explained that although the previous contract had expired, the ETO platform remains operational under the management of the Truck Transit Parks (TTP) pending completion of the procurement process.
He expressed confidence that the renewal would be concluded soon.
Reaffirming the Authority’s commitment to maintaining free-flowing Port access roads, Onyemakara said efficient logistics remain central to the NPA’s drive to improve Nigeria’s Port competitiveness and preserve its growing international reputation.
“We are more interested in the free flow of logistics into our ports than anyone else because it is in our own interest,” he said
Nkpemenyie Mcdominic, Lagos
Continue Reading

Trending