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Ayade Charges Advertising Practitioners On Investment

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In a maiden edition of Out
door Investment Forum organized by the Cross River State Signage and Advertising Agency (CRISSAA), the Cross River State Governor, Senator Prof. Ben Ayade, advised Advertising Practitioners to invest in the state now that there is still space for investment, adding that enormous potentials abound in the state.
Ayade noted that, the growth rate of 4.03 per cent with an annual Gross Domestic Product (GDP) growth rate of 6.33 per cent which the state has currently recorded, assures that the business environment guarantees maximum profit on investment.
According to him, the new Management of CRISSAA is poised to redefine the agency taking it away from being just a revenue collection agency that creates jobs, transfer skills, fabricating industry that can carter for the South- South, South East, and the entire country.
The governor, who was represented by the Deputy Governor, Prof. Ivara Esu, explained that, the present administration seeks to build cottage industries across various sectors with CRISSAA as the major player, and also build an outdoor advertising industry, adding that, the state is politically stable with a strong support for the growth of private sector organisations.
Also speaking, the Director General CRISSAA, Stanley Nsemo, said he and his team are poised to create something new and different, noting that customer care lines are open 24 hours to receive text messages and calls for complaints, for solutions to be offered before dusk.
He said the purpose of the forum was to bring both government and other stakeholders of outdoor adverting to see each other as partners so that the government would know their flaws and where to make amends while describing the state as being discovered even though Africa is yet to be discovered.
Also, the Commissioner for Information, Mrs RoseMary Archibong, corroborated the DG CRISSAA, saying, the discoveries in the state were many and more were to be made noting that, the principal they were working with was engaged in total re-engineering of the state and that the advertisement industry was the window of selling the state to the world, and assured outdoor practitioners of reaping the dividends of their investment.
Mrs. Achibong said, the Super Highway is real and that the Deep seaport was also real, explaining that, these are the evacuation route of the products and that the garment factory is also an area where advertisement industry could thrive, the Rice city, where investors from Thailand were opening a school which would Certify graduates, and others from Mexico are also coming to invest in banana.
In terms of security, she said, the state has good protection pointing to the largest street party in Africa hosted annually which has attracted people from embassies, Nollywood and around the world, stressing that, the annual carnival has not limited itself to merriment alone but has a mandate to plant five million trees annually to support the rain forest the state is still maintaining.
Presenting his paper, the Chairman/CEO, Investment Promotion, (Arc) John Etim Bassey, said the indices for determining investment are here in Cross River State and noted that, security is well organized, the location of the State is the fastest evacuation corridor, and that the infrastructure is being provided in terms of the super highway and the deep seaport for convenience, both inland and off shore.

 

Friday Nwagbara, Calabar

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Association Woos Govt, Coys On  Boat Operators  Employments

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The leadership of Bonny Maritime Boat Association has called on Rivers state Government and oil companies operating in the state to provide sustainable employment to unemployed boat Operators.
The Association also want the government, companies and other relevant employers of labour to provide trainings for boat Operators to enhance their skills
Safety Officer of the Association, Comrade Kingdom Kingsley made this known in  a  telephone interview with  The Tide.
He noted that most of the boat Operators and owners plying Bonny route lacks jobs due to the fleets of boats introduced by Bonny Road Transport that had taken over the passengers to the Island
He noted that passengers are no longer patronizing boats owned by the Association, thereby rendering the operators redundant
“Most of our operators can not afford to feed their families due to no jobs, we don’t want to indulge in crime, government should fix our members with  sustainable jobs to take care of their immediate needs”
He called on oil companies operating in the state to engage their skilled boat Operators in their companies to reduce the sufferings faced by the Association.
The Safety Officer called on the state government  to made funds available to unemployed youths in the state to start up business than roam the streets.
He noted that provision of funds to youths would reduce crime rates and reposition their mindsets for a better life
“The  youths of Rivers state are suffering, have no job to feed their families, thereby indulging in criminality daily”
“The youths need empowerment,  jobs,  recreational facilities and better things of life as citizens of this Nation”, Kingsley said.
CHINEDU WOSU
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FG Approves $1 Bn AFCFTA Credit Facility For Nigerian Exporters

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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
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NIWA Harps On  Avoidance Of Leaking Boats

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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.
CHINEDU WOSU
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