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.
NIMASA Boss Bags OFR National Honour
According to a statement from the Head of Public Relations, NIMASA, Osagie Edwards, this was disclosed in a conveyance letter to Dr. Jamoh from the Office of the Honourable Minister, Ministry of Special Duties and Inter-Governmental Affairs, Senator George Akume.
The investiture ceremony, the statement said, is scheduled to hold at the International Conference Center (ICC), Abuja on Monday, 10th October, 2022.
Recall that Dr. Jamoh had served the Nigerian maritime sector as an administrator for over 30 years before he was appointed by President Buhari as the NIMASA DG in March 2020.
Since then, he has overseen the successful deployment of the Integrated National Security and Waterways Protection Infrastructure, otherwise known as the Deep Blue Project, which has played a major role in achieving a reduction of piracy in the Gulf of Guinea to its barest minimum since 1994.
This has culminated in Nigeria being removed from the infamous piracy red list by the International Maritime Bureau, (IMB).
A hallmark of his tenure at the helm of NIMASA has been his institutionalization of collaboration among stakeholders, within and outside the country, to achieve major milestones in the sector.
One notable example of this has been his initiation of the Gulf of Guinea Maritime Collaboration Forum/Shared Awareness and De-confliction (GOG-MCF/SHADE), which has yielded the positive outcomes derived from information sharing among regional and non-regional military forces in achieving a secure maritime space.
Reacting to the news on his social media handle, Jamoh expressed gratitude for being considered for the honour.
“Words cannot express how humbled I feel to be so considered for the National Honour as an Officer of the Federal Republic (OFR).
“When I began my maritime journey 30 years ago, little did I know that I would be so favored by Almighty Allah to rise to the position of NIMASA DG, let alone to be considered for one of the highest honours in the land”, he said.
Dr Jamoh especially thanked His Excellency, President Muhammadu Buhari, and the Standing Committee on National Honours Award for deeming him worthy of the honour while also appreciating everyone who had supported him throughout his tenure as NIMASA Director General, especially the maritime stakeholders.
Nation-Building, A Collective Responsibility -Group
NNCC said this in a communiqué at the end of the annual “Meet the Church” summit by its Convener, Pastor Titi Oluwadare, yesterday in Abuja.
According to Oluwadare, working together and investing wisdom are key to nation building.
The programme, which had more than 700 participants, had the theme: “The Role of the Church in Nation Building.”
Oluwadare called on the Church to fight for justice for everyone, including Christians and adherents of other religions.
She said that the indivisibility of justice, and being vigilant to protect the rights of humans as enshrined in the constitution would go a long way.
“No tribe or religion can build the country alone, thus all must work together and invest wisdom which is the application of the right knowledge.
“Equal opportunities and access to wealth to every Nigerian and inclusion of youth and women in all national calculations must be treated with the sense of urgency that it deserves.
“There should be counterpart equity in all policies that will be passed into law.
“The banking sector, sharing of political and government offices or ambassadorial positions must recognise all interests identified in Nigeria,” she said.
She called for selfless and visionary leadership, and a trans-generational process of producing leaders with requisite character, competence and conscious of the consequences of their actions and inactions.
She said the creation and development of strong institutions, structures, policies and strategies were applicable to everyone, adding that there was the need to realise previous mistakes and usher in a new Nigeria.
“To establish credible elections, the Federal Government must derive their governance from the governed.
“It is of utmost importance that there is a national vision, a national dream and nationhood premised on national shared core values.
“Furthermore, we need to put in place, a national strategic purpose and the national will to pursue and enforce the purpose,” she said.
According to the former Deputy Governor of Taraba State, Dr Danjuma Gani, the decisions made today and the actions that follow will greatly affect Nigeria and Nigerians.
Gani called on Christians to participate in electoral processes come 2023.
“A nation is built upon the vision and values of the founding fathers which, more often than not, are a God-given ideal to see to the business of nation building, national transformation and prosperity.
“Whatever we do must be accomplished with a clear vision, strong value systems rational thinking with a critical mass of information populace fully engaged in the project of nation building,” he said.
The Tide source reports that the summit comprised three plenary sessions and four interactive group sessions.
The conversations were aimed at identifying the role of the Church in nation building and charting a new course for credible elections with the critical inclusion of all stakeholders in the nation.
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