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‘Textile Sector Investment Can Solve Unemployment In Nigeria’

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The Chief Executive Officer, (CEO) Nigerian Export Promotion Council (NEPC), Mr Segun Awolowo,  says government must invest more in the fashion/ textile industry to solve the rate of  unemployment in the country.
Awolowo said that the industry was a viable sector to invest in because the country is blessed with a vast land to cultivate cotton; the major raw material required by the fashion industry.
He said these as the grand finale of the Africa Fashion Week Nigeria (AFWN)2017 held at the National Theatre in Iganmu, Lagos.
According to him, the country’s goal is to position the manufacturing industry as a viable sector for boosting the non-oil export sector so as to increase its economic growth.
The NEPC boss said the government would be achieving this by investing in the textile industry that would serve as the spring board for the resuscitation of the fashion industry.
Awolowo commended  the founder of AFWN Ronke Ademiluyi, for initiating the fashion show that tended to promote African fabrics and designs.
He advised the exhibitors and designers to improve on their present standards so that their products would be able to compete with their peers internationally.
“ The fashion industry presents a great opportunity in boosting our country’s export globally.
“The government recognises these potential in our fashion designers and exhibitors but they need to improve on the values and contents of their products.
“ Ademiluyi has demonstrated that Nigerians will sustain this initiative in response to the government’s projection going by her activities,” he said.
Also, the Ooni of Ife, Oba Adeyeye Ogunwusi, advised the government to empower the country’s youths so that they could become self-reliant, self-dependent and self-sustaining.
Oba Ogunwusi, the patron of AFWN, represented by Chief  Adebanjo Adetinu said that the government could achieve this by identifying and supporting  the creativity potential among youths.
The traditional ruler said this was projected in the Africa fashion week programmes where fashion designers and exhibitors displayed their talents to the admiration of the guests and visitors.
Ogunwusi,  said the artistic creativity of both the models and designers would fill up the vacuum created by unemployment among youths.
“Such an innovation by Ronke Ademiluyi is filling the vacuum created by unemployment among our youths.
“She only needs more sponsors to boost the project,” he said.
Another community leader from Ife, Chief  Babatunde Adetokunbo, advised other fashion promoters to emulate AFWN by  celebrating and boosting the nation’s culture and tradition through their creativity.
“Our culture is worth celebrating; we should be proud of it.
“What Ronke is doing is worth emulating, we should display and celebrate our culture, it is unique and I am proud of it,” he said.

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FG Approves 4 New Channel Management Firms For Seaports

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The Federal Executive Council (FEC) has approved four new channel management companies for seaports across the country in a move aimed at improving vessel navigation and port operations.
Speaking at the recently concluded Annual General Meeting of the Nigerian Association of Master Mariners (NAMM), former General Manager, Marine and Operations, Capt. Ebubeogu Ihenacho, disclosed that there would be changes in the ownership of the Lagos Channel Management Company Limited and the Bonny Channel Management Company.
According to Ihenacho, the four channels serving Nigeria’s major port clusters will have different channel management companies as approved by the FEC.
He said a new company had been approved to manage the Lagos port channel, with a change of name, while the Calabar Channel would be managed by the Calabar Channel Management Company.
He added that Bonny Channel Management Company had also undergone a change of ownership.
On the Warri Channel, Ihenacho said the Federal Government had approved China Harbour Engineering Company (CHEC) and two other companies to form a consortium to manage the Escravos Channel.
He said: “For Warri, it was approved for China Harbour Engineering Company, CHEC, and two other companies, who would now form a consortium.
That consortium will now form a Special Purpose Vehicle (SPV) with the Nigerian Ports Authority to manage the Escravos Channel.”
Recall that the management of the NPA had declined to renew the concessions of the Lagos Channel Management Company Limited and the Bonny Channel Management Company, opting instead for six-month extensions of the existing arrangements.
By; Enoch Epelle
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RIRS Warns Against Unauthorised Tax Collection

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The Rivers State Internal Revenue Service (RIRS) has warned motorists, transport operators and business owners against paying taxes, levies or charges to Unauthorised persons and organisations, insisting that only the Service and its duly appointed agents are legally empowered to collect taxes on behalf of the state government.
The Service gave the warning in a public notice dated October 21, 2026, signed by its Executive Chairman, Sir Israel O. Egbunefu, FCTI, in which it clarified that the Rivers State Ministry of Transport was not authorised by the state government to collect road tax or any other tax, levy or charge from motorists and transport operators.
RIRS also specifically disowned Explore Strategic Alliance Ltd, located at No. 7 Rumuodaolu Market Road, Port Harcourt, declaring the company had not been appointed or authorised by either the state government or the Service to collect Motor Vehicle Transport (MOT) tickets or any other tax on its behalf.
The revenue agency consequently cautioned members of the public against making payments to the company or any of its staff, stressing that anyone who ignored the warning would do so at their own risk.
It reaffirmed that only the legally authorised agency responsible for tax collection in Rivers State and the appointed agents that would carry out such duties in accordance with the law.
The Service urged taxpayers to demand official identification from anyone claiming to be its tax agent and verify the person’s credentials directly with RIRS before making payments.
It further warned that individuals or groups found impersonating tax consultants, agents or their representatives to collect Unauthorised taxes would be arrested and prosecuted in accordance with the law.
RIRS also called on members of the public to report suspicious persons and activities relating to Unauthorised tax collection to the Service for appropriate action.
The agency advised taxpayers seeking clarification or assistance to visit any of its offices or contact it through its official email address, info@riversbirs.gov.ng.
The Service reiterated its commitment to protecting taxpayers, promoting voluntary compliance and safeguarding the integrity of tax administration in Rivers State.
By: King Onunwor
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Bayelsa consumers Groan  Over Inflation As Traders Remain Helpless Over Low Patronage 

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Consumers and traders at the Swali ultramodern market in Yenagoa, capital of Bayelsa State have continued to groan over high prices of commodities and poor Patronage due to cost-push inflation.
The Tide reports that in the past weeks prices of goods and services in Yenagoa metropolis has experienced increase.
Notable services like transportation have also increased  lately due to increase in the pump price of fuel that has recently further exacerbated inflation in the prices of staple foods like rice, beans, garri and others.
Speaking with The Tide on a market survey, a trader, Mrs Tovie Barakabo said a bag of bean which sold between N120,000-N130, 000 now goes for N140,000-N145,000.
Mrs Barakabo also hinted that the only commodities whose price has not gone up was price of millet which sells N60,000, while big bag of garri now sells for N30,000.
The Tide further gathered from other inside Source that 25 litres of Kings cooking oil currently sells N75,000 as against the former price of N57,000.
Other commodities such as delicious vegetable oil  now goes for N68,000, Pure vegetable oil currently goes for N66, 000, while spaghetti is now N18,800 per bag.
The market survey also discovered that Sonnia tomato mix sells N75,609, while a big and small basket of fresh tomatoes are sold for N30,000 and N6,500 respectively.
A disappointed custom, Mrs Juliet Domo who fielded questions from The Tide expressed her worries over the inflation, calling on government to take decisive stands against inflation.
By: Ariwera Ibibo-Howells, Yenagoa
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