Business
Ayade Hails Ministry Over Made In Nigeria Goods Campaign
Governor Ben Ayade of Cross River State has lauded the efforts of the “Market Square Arm” of the Federal Ministry of Industry, Trade and Investment for their robust campaign to promote” made in Nigeria goods.”
Ayade made the remark when he received a delegation from the Project Management Team of “Made in Naija” Project, at the Government House, Calabar.
He noted that Nigerian products were the solution to the country’s economic instability as Nigerian manufacturers have shown that they can match the quality of imported goods.
“Made in Nigeria goods gives us the opportunity to showcase our wealth, heritage, capacity, intellects as well as all the resources at our disposal and most importantly to build our self confidence and the ideology that made in Nigeria goods are truly amongst the best in the world.”
The Governor expressed delight at the level at which the state was going in terms of industrializsing the economy in order to attain self reliance and increase local productivity.
Earlier, the Chairman, Project Management Team of “made in Naija,” Mr. William Iheanacho Otabil, disclosed that the Ministry was working towards hosting its first investment summit by December 2017 to further cement the new frontier and hinted that the ‘Ogoja Rice’ will also be launched at the Market Square Carnival.
He explained that “The Buy in Naija” Project is the only Public Private Sector structure that is driven by one of the pillars of Nigeria industrial revolution plan.”
In his words, “we will try to see to the full implementation of the executive order 003 signed by the Vice President, Prof. Yemi Osibanjo which mandates all Ministries, Departments and Agencies (MDAs) to purchase 40 percent of their procurement needs in Nigeria.”
“We want to change the face of tourism, industry, trade and investment with this new relationship and raise the hope that “The Buy in Naija” project team will deliver on its mandate because it is a PPP driven concept that runs local patronage and empowerment pillars like the private sector and will change the Calabar carnival from a mere entertainment event into a business venture”. He concluded.
Mr. Otabil described the Governor Ayade as a man with vision and commended him for his lofty plans for the state, while calling for support for all his policies and programmes.
Friday Nwagbara, Calabar
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.