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AfCFTA: Osinbajo Highlights Policy Actions To Drive Africa’s Industrialisation

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Vice President Yemi Osinbajo says the African Continental Free Trade Area (AfCFTA) offers limitless opportunities for the industrialisation of Africa.
Osinbajo said that authorities across the continent must take the right policy actions to actualise the prospects in AfCFTA such as the protection of local industries and improving value chains.
Osinbajo’s spokesman, Laolu Akande, in a statement yesterday in Abuja, said the vice president delivered a pre-recorded message at a Roundtable on Industrialisation in Africa.
The theme of the event organised by the Manufacturers Association of Nigeria (MAN) to celebrate its Golden Jubilee, is “Positioning African Industries for Economic Transformation and Continental Free Trade.”
The vice president said that AfCFTA was indispensable if industrial development was to take off in Africa because it offered wider markets and economies of scale which were essential for manufacturing to be competitive.
“We must take policy actions to create an environment in which businesses can thrive.
“To start with, we must adopt the right type of macroeconomic and industrial policies.
‘It is important for African governments to provide a stable macroeconomic environment which avoids and smoothens out volatility in prices, sharp deteriorations in the current account and budget deficits and of course, rapid accumulation in debt burdens.”
Osinbajo said that on the industrial side, policies like tariffs, quotas, subsidies and non-tariff barriers which protected infant industries so that they could create jobs and enable learning were vital.
According to him, well negotiated rules of origin are important in the context of the free trade agreements as they are key to preventing trans-shipment and the deflection of trade.
He said that, without them, firms from non-state parties could set up simple labelling operations in one member state with a view to shipping already finished products to another member state without really adding any value.

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Group Applauds MOSOP Over Stance On Oil Production In Ogoniland

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The Coalition of Supporters of Democracy and Good Governance, has commended the Movement for the Survival of Ogoni People(MOSOP) for maintaining its stance on not allowing the resumption of oil and gas production in Ogoniland in Rivers State, and applauded the President of the body, Prof Wai Anda Ogosu for his rigid and uncompromising position on the matter despite deluge of pressures from different quarters.
The group, which made the commendation in a statement issued in Port Harcourt and signed by its Coordinator and leader, Comrade Gashon Bob Achor, said MOSOP under the leadership of Prof Ogosu has continued to show the Ogoni people a sense of purpose and direction.
According to the group, the insistence by the MOSOP President that there would be no resumption of oil and gas production in Ogoniland until the complete clean-up of the polluted environment is highly commendable.
Achor also noted that the demand for the exoneration of the slain Ogoni 9, including renowned environmentalist, Kenule Saro-Wiwa is a right step in the right direction, which is supposed to be acceded to and granted by the Federal Government.
This, when granted, he said is capable of bringing the Ogoni people back to the discussion table for the resumption of oil and gas production in the area.
The leader of the group, therefore, called on the Ogoni people to take advantage of the quality leadership Prof Ogosu is providing to unite against those he described as environmental polluters and political buccaneers who do not have the interest of the people at heart.
Achor also indicated that the MOSOP President, who is a Professor of Environment has always advocated against further degradation of the Ogoni environment and that of the Niger Delta, and enjoined the people to continue to support and rally round him.
He said Prof Ogosu has always called on political gladiators in Rivers State to sheathe their swords in order to pave way for the development of the State, and commended him for his conciliatory and peaceful disposition.

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Elder Statesman Tasks Abah Ogwuile House On Unity, Peace

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Descendants of Abah Ogwuile Royal Lineage of Obolo in Andoni Local Government Area of Rivers State have been urged to be vanguards of peace in the local government area and the entire Obolo nation.
Newly elected President of Abah Ogwuile Royal Lineage, a socio-cultural organisation in Andoni Local Government Area, Sir Clifford Njah said this shortly after his election as the new president of the lineage.
He said it beholves on them to preach peace and unity in the Obolo nation as without peace there cannot be development.
According to him,all hands must be on deck to take the lineage to an enviable height, noting that unity is needed if the lineage and Obolo nation must move forward.
He also promised an inclusive leadership as far as the lineage is concerned.
Among those elected are Sir Clifford Njah, President; and Apostle Fyneface Ayayi,  Vice President.
The rest are Hon  Mbaba Charles Mbaba,  Secretary; Chief John A Nteogwuile, Treasurer; and Chief Enereujama Cletus Nkpan  Akong, Publicity Secretary.

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Police Uncover Fake Sachet Water Company In Lagos

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The Lagos State Police Command has busted a fake sachet water-producing company at Oluwole Market in the Apapa area of the state.
The suspects were said to be fraudulently using another company’s brand name to sell their products.
The state Police Public Relations Officer, Benjamin Hundeyin, who disclosed this in a post on his X.com handle said the perpetrators also duplicated the NAFDAC number of the company.
Hundeyin noted that their activities were discovered after a tip-off by residents in the community.
Health 360: Cholera0:00 / 0:00
He wrote, “Thank you, Lagosians, for giving us information and safeguarding the health of others.
“These suspects fraudulently used the brand name and NAFDAC number of another sachet water producing company to produce their sachet water inside Oluwole Market, Apapa.”
In the video attached to the post, one of the suspects caught on duty was seen conducting a team of policemen around the facility where they operated.
The suspect also showed them some of the bags of sachet water stored in the refrigerator, opening about three while the officers inspected.
A heap of other bags of sachet water was also seen stored in a separate room in the facility in the video. The suspect went further to operate the machine used in producing them on the instructions of the officers present.

Meanwhile, Hundeyin who spoke to PUNCH Metro on Monday about the discovery said the security operatives invaded the company on Friday, July 19.

According to him, only one worker was found in the building while the owner of the facility absconded.

“The facility was raided on July 9 and only was suspect was arrested in the process. The owner is now at large and efforts are ongoing to apprehend him. The suspect is in our custody and helping with investigations.”

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