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Nigeria To Increase Non-Oil Export Revenue To $25bn

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Rivers State Deputy Governor, Dr. (Mrs) Ipalibo Harry Banigo, welcoming the Director, Women’s Health Project , Dr . Nwala Anthony, during a courtesy visit by the Society for Family Health to  Government House, Port Harcourt, recently.

Rivers State Deputy Governor, Dr. (Mrs) Ipalibo Harry Banigo, welcoming the Director, Women’s Health Project , Dr . Nwala Anthony, during a courtesy visit by the Society for Family Health to Government House, Port Harcourt, recently.

The Nigeria Export Pro
motion Council (NEPC) says it has made strategies to increase the nation’s earning from the non-oil export from 2.7 billion dollars to 25 billion dollars by 2025.
This was disclosed by the Executive Director of the NEPC, Mr Olusegun Awolowo, at a one day workshop on “The legal aspects of export contract’’ in Benin recently.,
Represented by the Director of the legal unit, Mr Ezra Yakusak, the NEPC boss said this would be achieved through a developed “Zero Oil Plan’’.
He explained that the zero oil plan was a strategy adopted to mobilise both private and public resources to replace oil as the country’s major source of foreign exchange.
He said this had become inevitable in the face of the recent free fall of oil price in the world economy.
He stressed that the era of Nigeria depending on oil as its primary sources of foreign exchange was gone.
According to him, “Our continued reliance on oil would only decrease our economic fortunes. There is therefore no better time to embark on non-oil exports than now.
“The NEPC has taken a proactive step at increasing Nigeria’s foreign exchange earnings through non-oil exports by developing the zero oil plans.
“The zero oil plan is a coherent agenda to mobilise the public and private resources towards replacing oil as our number one source of foreign exchange.
“Under the plan, Nigeria will position itself to gain at least a five per cent share of a total value of world exports in strategic sectors over the next 10 years.
This is to ensure sufficient scale of production and prevent sudden market distortions.
“At the end of 10 years, it is hoped that our non-oil export revenue would increase from 2.7 billion dollars in 2014 to 25 billion dollars in 2025.’’
Earlier in her address, the Zonal Controller of the Benin office of the NEPC, Mrs Etokowoh Moses, said the workshop would offer participants better understanding of international contracts terms.
She also noted that the participants would be exposed to risks management associated with genuine export contracts.
“As you are aware, most international trade transactions fail to yield fruitful results due to the inability of parties to successfully initiate and satisfy the legal requirements of a genuine export contract,’’ she said.
Gov. Adams Oshiomhole of Edo advised the participants on the need to open new frontiers in their businesses.
Represented by his Special Adviser of Small and Medium Enterprise, Mr Daniel Akhilele, Oshiomhole said Nigerians must understand what it entailed to move their businesses beyond their communities.
Our correspondent reported that participants were treated to topics such as “Making an export offer” and legal aspect of export contract by various resource persons.

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Niger Delta

Edo CP Vows Justice For Slain NSCDC Operatives

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The Commissioner of Police in Edo State, Mr. Monday Agbonika, has vowed to hunt down and bring to justice those behind the killing of eight NSCDC operatives in the State.
Agbonika gave the assurance on Tuesday during an on-the-spot assessment of the attack scene, which also involved the abduction of a Chinese national.
Describing the incident as “a dastardly act that will not go unpunished”, the Commissioner expressed condolences to the Edo State Command of the NSCDC.
He paid tribute to the fallen operatives, describing them as “gallant personnel who paid the ultimate price in the line of duty.”
“We stand in solidarity with the NSCDC in this grief. Their sacrifice will not be in vain, and Edo people should expect justice”, Agbonika said.
In a separate meeting with Chinese community members at BUA Cement, Okpella, the police chief assured that efforts were ongoing to rescue the abducted expatriate alive.
“Our men are on the ground, and operations have been intensified. We are determined to rescue the kidnapped victim and prevent further incidents in the area”, he said.
Agbonika appealed for calm among residents, urging cooperation through timely and credible intelligence to aid ongoing security operations.
“Security is a collective responsibility. We call on residents to support us with information. Together, we will defeat criminals threatening Edo’s peace”, he added.
He reaffirmed the command’s commitment to protecting lives and properties, stressing that it would not relent until the attackers were arrested and justice delivered.
The Tide’s source reports that the Okpella attack occurred on Friday.
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Niger Delta

Police Nab Suspected Illicit Drugs Dealer In Delta

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The Police Command in Delta State has arrested a suspected female illicit drugs dealer in Ughelli North Local Government Area of the state.
The command’s Spokesman, SP Bright Edafe, disclosed this in a statement made available to newsmen in Warri on Wednesday.
Edafe said the suspect was nabbed alongside her three apprentices on August 29 by the police operatives attached to the Ughelli Area Command.
He said the operatives carried out the raid following credible information on the activities of some individuals that indulged in the sale of illicit drugs within Afisere/Ughelli town.
“The operatives trailed and arrested a drug baron who operates a chemist store in Afisere Community alongside three of her apprentices.
“The suspect led the operatives to her house at Afisere and a search warrant was executed.
“Exhibits recovered from the suspects included: 355 bottles of CSC codeine, 57 rolls of 50MG tramadol capsules, 335 rolls of 100mg tramadol capsules.
“Others were: 33 rolls of 200mg super royal, seven backwoods, 540 sachets of swinol capsules and 16 cups of Canadian liquid cannabis”, he said.
The police spokesman said investigation further revealed that the suspect was a major dealer in illicit drugs in Ughelli and its environs.
Edafe added that investigation in the matter was ongoing.
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C’River Assembly extends Bekwarra LG Chairman’s Suspension By 3 Months

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The Cross River State House of Assembly has extended the suspension of the Bekwarra Council Chairman, Ms. Theresa Ushie, to 90 days.
Speaker of the Assembly, Mr. Elvert Ayambem, made the remark on Wednesday during plenary.
The Tide’s source recalls that Ushie was suspended on June 10 for three months on allegations of corruption, misconduct and abuse of power.
The suspension followed a petition from the Bekwarra Local Government Legislative Council, signed by eight of its members, who also attempted to impeach her.
Ayambem explained that the extension was to allow the House Committee on Judiciary, Public Service Matters, Public Petitions and Conflict Resolution more time to investigate the petition written against the chairman by the Bekwarra Legislature.
The House had earlier deliberated on a motion calling for the extension of the office of the LGA Acting Chairman, Mr. Egbung Obama, before agreeing to extend Ushie’s suspension.
In his remarks, Chairman of the Investigative Committee and member, representing Abi State Constituency, Mr. Davies Etta, said the committee needed more time to carry out a thorough investigation.
Ushie was elected as Bekwarra Local Government Council Chairman and sworn-in in November 2024.
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