Business
NDDC Seeks Private Sector Support To Boost Infrastructure Dev
The Managing Director of the Niger Delta Development Commission (NDDC), Mr. Nsima Ekere says the commission has embraced the Public-Private Partnership (PPP) option to galvanise the infrastructure delivery drive in the Niger Delta region.
The NDDC chief executive officer stated this during a courtesy visit by a delegation from the Infrastructure Concession Regulatory Commission (ICRC) at the commission’s headquarters in Port Harcourt.
Ekere, who was represented by the NDDC Executive Director, Projects, Engr Samuel Adjogbe, remarked that the NDDC was urgently seeking ways to stimulate industrial growth in the Niger Delta region, noting that it was adopting the PPP option in the execution of a Niger Delta Regional Power Pool Project.
He remarked that the power project was one of the critical areas where private sector participation was required to encourage investors to set up industries in the Niger Delta, lamenting that the high cost of power in the region was increasing the operational cost of industries and thus serving as a disincentive.
According to the NDDC boss, there was need to make a deliberate effort to set up projects that can boost power and attract investors to the region.
He said: “We have identified industrial parks in different parts of the region and we intend to support them with the power project.”
Ekere said that the NDDC was partnering with the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN and the Nigerian Export Import Bank, NEXIM, to help provide employment for the youths.
He added that the commission was working towards establishing of Nigeria’s first and grandest enterprise innovation and growth hub in the Niger Delta.
“We are also working on setting up the Niger Delta Development Bank to ensure sustainable development beyond oil,” the MD said.
He declared: “We are determined to create more jobs to fight unemployment. We want to fight poverty, we want to fight restiveness and this is one way we can use to ensure that militancy is eradicated in the Niger Delta.
“We need an attitudinal change in the Niger Delta. We have agitated long enough. We now need to harness our energies for development efforts.”
He said that internet penetration in the Niger Delta was another area of focus for the commission, in its efforts to link the entire region with fibre optics. He stated that the leadership of the crecently visited São Tomé and Principe to discuss with the country’s prime minister on the possibility of benefiting from their own excess internet capacity.
In his address, the Acting Director-General of ICRC, Engr. Chidi Izuwah Snr, said that the delegation was in the Niger Delta region on a monitoring visit to Federal PPP/Concession projects in Port Harcourt and Onne areas.
He said that infrastructural development was important, considering the magnitude of government expenditures in recent years and the level of infrastructure deficit in Nigeria.
“Infrastructure and its related services are critical to the operation and efficiency of a modern economy,” he remarked.
Given the huge amounts needed and the drive necessary for development, Izuwah said that the Nigerian government lacked the resources to drive development on its own and had thus among other options embarked upon the use of Public Private Partnerships, PPPs.
Consequently, he affirmed that the huge and extensive responsibility of the NDDC in fast-tracking the development and growth of the Niger Delta region, should be implemented using the PPP option.
Towards this end, he proposed a summit on revolutionizing infrastructure delivery in the Niger Delta region through PPP which would be convened by NDDC in collaboration with the ICRC to showcase and highlight to investors, financiers and development actors the critical infrastructure value chain opportunities in the region.
Susan Serekara-Nwikhana
Business
TTP Trains Customs Agents, Freight Forwarders On Eto App
In a concerted effort to tackle racketeering and reduce inflated transportation costs in the Nigeria’s seaports, Trucks Transit Parks Ltd. (TTP) has trained Licensed Customs Agents and Freight Forwarders on the use of its Ètò electronic call-up system.
The training was held recently at Customs Processing Centre (CPC) Auditorium, Apapa, Lagos, in collaboration with the Nigeria Customs Service (NCS) and supported by the leadership of the Joint Association of Licensed Customs Agents and Freight Forwarders (JALCAFF), Apapa Command.
Speaking at the event, Comptroller Babatunde Olomu expressed appreciation to TTP for facilitating the training and emphasized the need for customs agents to take personal ownership of the Ètò booking process.
“I want to thank TTP for this impactful training. I encourage all customs agents to begin doing their own bookings directly. By doing so, they can take back power from the unscrupulous elements exploiting their lack of knowledge, selling tickets at highly inflated prices,” Olomu declared.
He noted that empowering agents with hands-on training was key to dismantling racketeering networks that have plagued access to the ports and frustrated efficient logistics processes.
Also speaking, the Chairman, Apapa Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA), Chief Emeka Chukwumalu, said the engagement was critical to the ongoing push to reduce cargo transportation costs and ease business operations at the Apapa Port.
According to a freight forwarder, “The training is basically for us to have awareness of the operations of the Ètò call-up system through TTP. We also want to brainstorm on ways to reduce the high cost of cargo transportation in Apapa Port.
“This training opened our eyes to how simple it is to book tickets ourselves. We now know the right steps to follow and how to avoid falling victim to fraudsters.”
Earlier, Head of Operations at TTP, Mr. Irabor Akonoman, talked on common misconceptions about ticket pricing, reaffirming that the cost of Ètò bookings had remained consistent since its inception.
“The official price remains the same since inception. What people are paying higher amounts for is the manipulation by racketeers”.
Business
NECA Holds MSME Fair To Drive Growth
Towards strengthening small businesses and promoting a more supportive regulatory environment, the Nigeria Employers’ Consultative Association (NECA) says it will hold the 2025 edition of its flagship MSMEs Fair on Tuesday (May 6, 2025).
The event, themed, “Galvanising MSMEs for Economic Growth and Stability”, will take place at NECA House in Lagos.
According to NECA’s Director-General, Mr Adewale Smatt Oyerinde, the fair seeks to provide micro, small, and medium enterprises with essential tools, resources, and strategic networks to thrive in Nigeria’s challenging business climate.
He emphasised the vital role MSMEs play in national development, describing them as the “lifeblood of Nigeria’s economy.”
Oyerinde noted that the fair is designed to offer entrepreneurs practical solutions to navigate economic uncertainties, regulatory hurdles, and business scalability issues.
A major attraction of this year’s event is the keynote address by the CEO of FATE Foundation, Mrs. Adenike Adeyemi, a prominent advocate for MSME development.
She is expected to share transformative insights on innovative strategies for sustaining and growing small businesses in Nigeria.
A unique feature of the fair will be interactive sessions with key regulatory bodies. Entrepreneurs will engage directly with agencies responsible for licensing, compliance, taxation, and business registration.
NECA said these sessions aim to demystify bureaucratic processes and foster a more enabling business environment.
It also said the fair will provide a platform for entrepreneurs to exhibit their products and services, connect with potential investors, and explore new markets.
It added that participants would gain critical knowledge on digital transformation, access to finance, and strategies for sustainable business growth.
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· NECA stressed that the fair aligns with its broader mission of promoting enterprise development and economic resilience.
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· “By empowering MSMEs with the right support and information, the organisation aims to stimulate job creation, innovation, and long-term economic stability”, NECA said.
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· The 2025 MSMEs Fair is expected to attract a wide range of stakeholders, including financiers, tech experts, regulators, and industry leaders, all united in advancing the growth of Nigeria’s MSME sector.
Business
Over 2m Passengers Board Blue Rail Train – Commissioner
The Lagos State Commissioner for Transport, Mr Oluwaseun Osiyemi, says over two million passengers have been transported on the Blue Line Rail since its launch, while state-run buses move an average of 42,000 commuters daily.
Osiyemi, who disclosed this during the Year 2025 Ministerial press briefing held at the Bagauda Kaltho Press Centre, Alausa, on Tuesday, noted that the Lagos State Transport Policy, launched in May 2024, was now in its implementation phase, focusing on inclusivity, safety, affordability, and sustainability.
“On rail development, Phase One of the Blue Line (Marina to Mile 2) has served over two million passengers, with Phase Two (Mile 2 to Okokomaiko) in progress.
“Phase One of the Red Line (Agbado to Oyingbo) is now operational with eight stations and additional rolling stocks procured, while Phase two (Oyingbo to link Blue Line at National Theatre) is underway”, he said.
The Commissioner said in the state-owned bus operations, over 60 million commuters have been served since 2019, with daily ridership exceeding 40,000.
He also said plans were on to deploy new buses with Quality Bus Corridors under construction, adding that the Abule=Egba Bus Terminal had also been commissioned.
“For water transport, 15 locally-built Omibus Ferries have been launched and are in operation, with the Ijegun Egba Terminal now open.
“The OMI EKO project, in partnership with the French Development Agency (AFD), will deliver 25 terminals and 78 electric ferries.
“Over 280,000 passengers have used ferry services in the past year, and 12 boats have been upgraded to meet safety standards”, he said.
On road infrastructure and traffic management, the Commissioner said 49 junction improvement projects had been completed, including ongoing ones at Ikorodu, Iju, as well as Allen-Opebi-Toyin axis.
He added that solar-powered Traffic Signal Lights, road markings covering 67.9km, new medians, laybys, and 3,941 parking lots had also been provided.
Additionally, Osiyemi announced that the deployed Automatic Number Plate Recognition cameras had detected over 470,000 traffic violations and that the Vehicle Inspection Service issued over one million roadworthiness certificates.
He also said that the Lagos State Drivers’ Institute trained more than 32,000 drivers in the past 13 months.
The event marked the second anniversary of Governor Babajide Sanwo-Olu’s second term, showcasing major strides in the transport sector under the THEMES+ agenda.
Nkpemenyie Mcdominic, Lagos
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