Connect with us

Business

‘Constitutional Amendments’ll Lead To Highest Good For Nigerians’

Published

on

The Deputy Senate President, Senator Ovie Omo-Agege, says the proposed constitutional amendments would lead to the highest good for the greatest number of Nigerians.
He said, “Indeed, the ongoing exercise provides a platform for the good people of Nigeria to express their opinions on the fundamental laws that govern our lives.”
The Deputy Senate President, who is also the chairman of the Senate Committee on the Review of the 1999 Constitution, disclosed this in Sokoto, yesterday.
He spoke at the North-West Zonal Public Hearing, Sokoto Centre, comprising Sokoto, Kebbi and Zamfara states, holding simultaneously across the six geopolitical zones of Nigerian.
Represented by the Chairman of the Sokoto Centre, and a former governor of Kebbi State, Senator Adamu Aliero, Omo-Agege said that, the constitutional review represents a critical phase in the nation’s development, as well as advancement as a country.
A statement signed by the Senior Special Assistant, Media and Publicity to Senator Aliyu Wamakko, Bashir Mani, yesterday, quoted Omo-Agege as saying, “So far, we have had over two decades of constitutional rule, under the 1999 Constitution.
“This is an important feat, and we commend ourselves as a country, even if we are not where we aspire to be.
“As a living document, the Constitution, and to a large extent our constitutional democracy needs to be reviewed, from time to time.
“Just as in our day to day lives, we take stock of the past and plan for the future, so must be with the nation.”
The Deputy Senate President further stated that, at the commencement of the 9th Senate, the lawmakers had set for themselves a legislative agenda, as a basis on which they will be assessed.
According to him, conspicuously included in that agenda is the need to address, by way of constitutional amendments, topical and crucial issues like the Judicial and Electoral Reforms, Local Governments Autonomy, Devolution of Powers and Fiscal Federalism, among others.
He explained, “If we get these items through successfully, then, our constitutional democracy will be set on the right pedestal, and ultimately, Nigeria will take its pride of place among the enviable democracies in the world.
“It is, therefore, with great pleasure that I convey the intention of the Senate to leverage on this exercise, to achieve as many milestones as possible.”
Declaring open the exercise, the Sokoto State Governor, Hon Aminu Tambuwal, represented by his Deputy, Alhaji Muhammadu Dan Iya, described the Constitution as the reference point of democracy.
He said, “And in the 22 years of Nigeria’s experience in government by representation, our gains have more than justified our challenges.
“All constitutions are, therefore, work-in-progress, because they are subject to the changing needs and aspirations of the people, at different times.
“And constitutional reviews are the processes for ensuring this guiding document plays that function.”
Also speaking, the Chairman, Progressives Governors’ Forum and Kebbi State Governor, Senator Abubakar Bagudu, opined that, the exercise was coming at the time of Nigeria’s life when more dialogue was direly needed.
He said that, this became more evident and glaring sequel to the prevalence of myriad of topical issues agitating the minds of many Nigerians.
“It is an opportune time to, therefore, collectively brainstorm on how to discuss these issues, for the country to move forward in unison, by having a more robust Constitution.”
There were also goodwill messages from the Speakers of the Sokoto and Zamfara states’ Houses of Assemblies, Aminu Achida, and Nasiru Magarya, respectively.
In a vote of thanks, the senator representing Sokoto North Senatorial District and also a former Governor of Sokoto State, Aliyu Wamakko said that, the proposed review of the Constitution was for the good of all Nigerians.
Wamakko, who is a member of the North-West Sub-Committee, Sokoto Centre, lauded the National Assembly for the initiative, as part of the 9th Senate Legislative Agenda.
He commended all Nigerians for participating in the exercise, just as he specifically thanked all governors in Nigeria for their invaluable support to ensure the success of the all-important national assignment.
Wamakko averred that, “It will afford all Nigerians to meaningfully contribute to the review exercise, hence, the entrenchment of a more equitable Nigeria.”

Continue Reading

Business

NCDMB Signs Mgt Deal With Radisson, Edison…As Board’s 204 Rooms Hotel Open December 2026

Published

on

The Nigerian Content Development and Monitoring Board (NCDMB), on Monday signed an international management agreement (IMA), with Radisson Hospitality, Belgium and Edison Hotel and Property Development Company with respect to the Board’s 204 rooms hotel and conference center, developed adjacent to the Content Tower, headquarters of the NCDMB in Yenagoa, the Bayelsa State.
A statement by the Board’s Directorate of Corporate Communications says the management agreement was signed in Durban, South Africa by the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe, Executive Chairman of Edison Corporation, Mr. Vivian Reedy and Director of Radisson, Mr. Garnier Erwan.
Giving assent to the agreement, Ogbe affirmed that discussions, reviews, and compliance requirements have lasted for over two years, and that the Board secured the approval of all key stakeholders, including the Attorney?General of the Federation and Minister of Justice, Lateef Olasunkanmi Fagbemi, SAN.
“The support of stakeholders ensured that the Agreement meets Nigeria’s legal and regulatory standards.The aspiration of the NCDMB is to deliver a world?class hotel in Yenagoa, Bayelsa State with a fully equipped conference centre—designed to serve the oil and gas industry stakeholders and the Nigerian public”, he said.
He pledged the NCDMB’S commitment to completing the hotel on schedule time and achieving the opening in December, 2026.
“We appreciate our responsibilities—construction quality, pre?opening readiness, funding, safety and security compliance, and maintaining Radisson’s global standard. We will do our best to meet our obligations”, Ogbe added.
The Board’s Scribe charged the  Hospitality firm to bring its expertise, systems, and brand strength to deliver a hotel that offers excellent service and guest experience, expressing hope that the partnership with Edison Hotels will create a facility that reflects global quality and supports Bayelsa’s position as an oil and gas hub.
“This project reflects NCDMB’S commitment to using strategic investments to boost productivity, attract investment, build local content, and expand opportunities for business and tourism in Nigeria when completed.
“Radisson Hotel and Conference Center Yenagoa will stand not only as a hotel, but also as a symbol of what strong partnerships can achieve”, Ogbe noted.
In his remarks, Executive Chairman of Edison Corporation, Vivian Reedy described the organisation’s  role as a bridge between the owner and the operator, highlighting the group’s intensive experience in the hotel industry, and determination to ensure alignment, transparency, accountability and performance.
“We understand that a successful hotel is not just about buildings. It is about disciplined management, strong oversight, brand integrity, and a shared commitment to excellence.
“Part of our firm’s responsibility is to ensure that the hotel is delivered, operated, and managed in a manner that protects and announces the owner’s investment, while fully supporting Radisson in achieving operational excellence”, he said.
The Edison boss assured that working closely with Radisson and NCDMB’s team, the Radisson Hotel and Conference Center, Yenagoa will become the leading hospitality and conference destination in Bayelsa State, saying it is catalyst for business and investment, and a symbol of quality professionalism and international standards.
He emphasized that the firm has had wonderful successes with Radisson in other locations, even achieving 95% occupancies, noting that the company’s approach is to strengthen governance, support performance, and ensure the interests of the owners are always safeguarded.
“This project represents more than a hotel. It represents a partnership, a trust, and a long-term vision for sustainable value creation. We thank Radisson for its global expertise and operational excellence.
“Edison is fully committed to ensuring that the asset performs strongly, operates efficiently, and delivers lasting value to its owner”, the firm said.
In his speech, the Attorney-General of the Federation Chief Lateef Fagbemi, SAN, representative by Mr. Wada Ahmed Wada described the signing ceremony as historic and wished the parties success in their business relationship.
By Ariwera Ibibo-Howells, Yenagoa
Continue Reading

Business

FG engages foreign investors at PEBEC Roundtable on business environment reforms

Published

on

Senior government officials and foreign investors operating in Nigeria met in Abuja on Thursday as the Presidential Enabling Business Environment Council (PEBEC) convened the Third Existing Foreign Direct Investors (FDI) Roundtable to address challenges affecting the country’s investment climate.
The high-level engagement, held at the Banquet Hall of the Presidential Villa, brought together top policymakers and representatives of foreign companies for discussions aimed at improving Nigeria’s business environment and strengthening investor confidence.
The roundtable forms part of PEBEC’s efforts to deepen collaboration between government institutions and the private sector while ensuring that ongoing reforms translate into tangible improvements for investors already operating in the country.
Opening the session, Senator Ibrahim Hadejia, Deputy Chief of Staff to the President, welcomed participants on behalf of the Vice President and Chairman of PEBEC, reiterating the Federal Government’s commitment to maintaining a stable and transparent business environment that supports investment and economic growth.
In her remarks, the Director-General of PEBEC, Princess Zahrah Mustapha Audu, said the council remains committed to sustained engagement with investors and coordinated implementation of reforms across government agencies.
She noted that existing foreign investors play a critical role in Nigeria’s economic development through job creation, capital investment, technology transfer, and supply chain development.
According to her, PEBEC’s engagement strategy prioritises listening to investors already operating in the country in order to identify and address operational challenges affecting their businesses.
The roundtable featured presentations and interactive discussions with senior government officials responsible for regulatory and policy frameworks affecting investors.
Among them were the Executive Chairman of the Nigeria Revenue Service, Dr. Zacch Adedeji; the Comptroller-General of the Nigeria Customs Service, Bashir Adewale Adeniyi; and the Inspector-General of Police, IGP Olutunji Rilwan Disu.
Also participating virtually was Mr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms and Minister of State for Finance-designate, who spoke on ongoing fiscal and tax reform initiatives aimed at improving tax certainty and strengthening revenue administration.
During the discussions, investors raised technical questions and shared insights on issues relating to security, tax administration, customs procedures and fiscal policy reforms.
Continue Reading

Business

MAN warns against illegal recycling of File photo

Published

on

The Manufacturers Association of Nigeria has warned against the illegal destruction and recycling of returnable packaging materials belonging to beverage companies, following a recent police crackdown on illegal factories in Anambra State.
Earlier in February, the Nigeria Police Force, working with beverage manufacturers, reportedly raided several illegal facilities in Onitsha and surrounding areas, where individuals allegedly destroyed returnable glass bottles and plastic crates belonging to beverage companies.
In a statement on Friday, the Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, condemned the destruction of these packaging materials as unauthorised and economic sabotage against businesses, and hailed the efforts of the police and regulatory agencies.
“The recent raid is the outcome of sustained engagements and intelligence-led investigations and represents a decisive step by authorities to protect legitimate business operations, uphold environmental standards, and deter further illegal activity,” Ajayi-Kadir said.
The MAN DG described the practice “as criminal and a serious economic sabotage… as assets remain the property of beverage companies that have invested heavily in these sustainable packaging materials to protect the environment”.
According to a Vanguard News report, the Executive Secretary of the Beer Sectoral Group of the Manufacturers Association of Nigeria, Abiola Laseinde, commenting on the February crackdown on alleged factories in Anambra, stated that, “The recent raid is the outcome of sustained engagements and intelligence-led investigations… a decisive step by authorities to protect legitimate business operations, uphold environmental standards and deter further illegal activity.”
Ajayi-Kadir confirmed the earlier news reports, affirming that the police acted on credible intelligence to dismantle illegal operations involving the theft, destruction, and unauthorised recycling of companies’ returnable packaging materials.
He stated that the association received reports from member companies that some factories were destroying company-owned bottles and crates for resale as raw materials, resulting in businesses losing millions of naira in investments.
“The police, working with member companies, acted on credible intelligence and stormed the factories to crack down on illegal disposal, theft, and unauthorised recycling of the returnable packaging materials of the affected companies, notably returnable glass bottles and plastic crates,” Ajayi-Kadir said.
Ajayi-Kadir added that investigations revealed that large quantities of bottles and crates were diverted from legitimate channels into informal recycling networks across the South-East.
“Member companies identified multiple illegal locations in the South-East where they crush our bottles and crates for resale as raw materials, while police investigations showed that significant quantities were being diverted from legitimate channels into informal recycling networks,” MAN’s DG said.
He noted that in several cases, reusable bottles were deliberately broken and plastic crates shredded and sold as raw materials, thereby undermining beverage companies’ circular packaging model.
He remarked, “These Returnable Packaging Materials are company-owned assets designed for multiple reuse cycles and form a critical part of their sustainability, cost-efficiency, and product quality systems. It’s a criminal activity to destroy them.”
Meanwhile, Ajayi-Kadir warned those involved in the illegal practice to desist, stressing that the association would continue to collaborate with law enforcement agencies to ensure offenders face the full weight of the law.
He added that beyond the direct loss of assets, the activities disrupt supply chains, raise operational costs and pose environmental and safety risks due to unsafe recycling practices.
MAN urged relevant government agencies to intensify efforts against the illegal diversion and destruction of returnable packaging materials outside the beverage industry’s value chain.
MAN’s DG also called on members of the public to report suspicious activities to the police or to the consumer care lines of beverage companies.
Continue Reading

Trending