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Osinbajo Urges Caution On Africa’s Economic Sovereignty 

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Vice President Yemi Osinbajo says Africa’s developmental aspirations can be actualised by deepening cooperation and collaboration with the rest of the world.
Osinbajo stated this at the opening session of a panel on the ongoing Africa CEO Forum holding in Abidjan, Cote D’Ivoire.
In a statement signed by his spokesman, Laolu Akande, on Monday, Osinbajo stressed the importance of collaboration between Africa and the rest of the world, saying there is a need for caution on the issue of economic sovereignty.
Osinbajo said “I think that we have to be a bit more careful with the concept of economic sovereignty because we really need to collaborate more and with the way that development is going, we need to watch some of these things.
“For instance, if we look at the way that technology is going which is key for us in Nigeria, particularly issues of taxation of tech companies and all of that, it is evident that this is difficult and it is a major expression of sovereign power – the power to tax.
“The way that the world and technology are structured today, there is no way that you can use the same basis – personal and territorial basis for taxation.
“These are multinational enterprises that spread across countries and continents. We have got to cooperate with the world and the international tax system to ensure that we are able to derive maximum benefit; we have got to take a seat at the table and ensure that all of the various initiatives on international taxation favour us in Africa”.
According to the Vice President, while Africa is looking inwards, it has to be very careful to look outwards as well because a lot of money is obviously used by tech companies across the world and a lot of African countries are value creators for these companies.
He stressed the need for Africa to look inwards and at the same time keep its eyes on the ball and recognising that the world had gone beyond brick and mortar.
“The world is now more about intellectual capital. We have to think of how we can work with the world to achieve maximum benefit for our intellectual capacity”, he said.
During an interaction with organisers of the forum, the CEO of BUA Group, Alhaji Abdulsamad Rabiu, spoke about the concept of economic sovereignty, urging Africa to look inwards as a way of fast-tracking development on the continent.
He cited leveraging opportunities provided by the Africa Continental Free Trade Agreement (AfCFTA) and improving infrastructure as some of the key areas that leaders in the continent must focus on.

Earlier at the opening ceremony of the forum, President Alassane Ouattara of Cote d’Ivoire, commended the initiative of the organisers to bring together public and private sector leaders across the continent and beyond to discuss and develop new paths aimed at boosting the transformation of economies across Africa.

He said that though the COVID-19 pandemic might have negatively impacted growth projections in the continent, the vision of the forum and similar efforts were geared towards fruitful collaborations, “building new partnerships between the public and private sectors, especially providing opportunities for young Africans with particular focus on green economy.”

On his part, the President and Founder of the Africa CEO Forum, Amir Yahmed, commended leaders across the continent for their efforts despite the disruptions in the global economy occasioned by the COVID-19 pandemic and the Russian-Ukraine conflict.

Yahmed stated that the economic sovereignty, a green economy, industrial transformation among others were paths to Africa’s prosperity.

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NDLEA Arrests 774 Suspects, Seizes 3,874.3kgs Of Drugs In Benue, Nasarawa, Plateau

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NDLEA arrested 774 suspects and seized 3,874.3kgs of various narcotics and psychotropic substances in Nasarawa, Benue and Plateau State in the first half of 2022.
The three states make the Zone D of the narcotics agency.
Zonal Commander in the zone Umoru Ambrose, said this in Lafia yesterday while marking the 2022 UN International Day against Drug Abuse and Illicit Trafficking.
He said 134 drug suspects were prosecuted during the period, while 378 drug users were counselled and rehabilitated.
He added that states in the zone had intensified their operations in the War against Drug Abuse and sensitisation.
Ambrose called on all stakeholders to get involved in curbing drugs menace in the zone.
In his remarks, NDLEA Commander in Nasarawa State, Peter Odaudu, said the celebrations underscored the need for access to proper treatment for people with drug disorders.
He stressed that the war against drugs must be intensified in Nasarawa State especially given its position as the second highest drug prevalence state in the North Central after Kwara.
“Statistics from the 2018 drug survey showed a very alarming trend, the involvement of females in drug issues.
“We have at least one female out of every four drug users; this development is worrisome and must be reversed,’’ he said.
Odaudu thanked Nasarawa State’s Governor Abdullahi Sule for his support for the NDLEA and solicited urgent intervention in the provision of operational vehicles and the construction of a rehabilitation centre.
Guest speaker, Mr Nwora Okpalaeke, who is coordinator of the Pharmacists Council of Nigeria in Nasarawa State, said 494,000 users died of drug abuse in 2019.
He spoke on “Illicit Drugs in Health and Humanitarian Crises.’’
He said drug abusers suffered liver cirrhosis, stroke, hepatitis, kidney and heart failure, noting that 14.3 million Nigerians are drug addicts, while three million are suffering from drug-related disorders.
“Government should strengthen the system to prevent proliferation of drugs and pay attention to agencies charged with reversing the situation.
“Drug abuse affects economic growth; the higher the abuse the higher the level of insecurity and poverty,’’ he said.
Senior Special Assistant on Primary Healthcare to Governor Sule, Margaret Elayo, commended the NDLEA in the state and assured of partnership to curb drug abuse in Nasarawa State.
The theme for this year’s celebration of the Day is: “Addressing Drug Challenges in Health and Humanitarian Crises.’

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NDLEA Arrests 218 Suspects, Seizes 1,471.314kg Of Drugs In Imo

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The Imo State Command of the National Drug Law Enforcement Agency (NDLEA) has arrested 218 drug suspects made up of 171 males and 47 females.
The agency has also seized 1,471.314kg of drugs between July 2021 and June 2022.
The state commandant, NDLEA, Mr. Reuben Apeh, disclosed this while speaking to The Tide ahead of this year’s International Day Against Drug Abuse and Illicit Drugs Trafficking.
He said that 1,458.49kg of Cannabis Sativa, 1,0513kg of cocaine, 0.2077kg of Heroine, 3.896kg of Methamphetamine and 3.184kg of Tramadol were exhibits seized within the period under review.
Apeh disclosed further that cannabis farm in hectares was also destroyed in Imo State while 0.5278kg of Rohypnol and 2.5135kg of diazepam were among the seized exhibits.
He stated that some of the arrested suspects had been arraigned and convicted for drug related offences at the Federal High Court.
According to him, “Within the period covered, 51 were convicted and 145 were charged and their cases are still on going”.
Apeh described the drug situation in Imo State as worrisome, saying women have joined the illicit trade for financial gains.
He lamented that drug peddling was alarming among the younger generation in the state.
He, therefore, called on the stakeholders to partner with NDLEA to sensitize the society on the dangers of drug abuse.

By: Joe Nwachukwu, Owerri

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NDE Trains 750 Youths On Apprenticeship Skills In Imo

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The National Directorate for Employment (NDE) has commenced the training of 750 youths on various apprenticeship skills in Imo State.
Director-General of the NDE, Mallam Abubakar Nuhu-Fikpo, made this known while flagging off the training programme in Owerri, the Imo State capital.
The Tide reports that the training is captured under the Advanced National Open Apprenticeship Scheme (A-NOAS) and Basic National Apprenticeship Scheme (B-NOAS) of the Directorate’s Department of Vocational Skills Development (VSD).
The training skills include barbing, basic tailoring, hairdressing, welding, event planning, make- up, confectionery and auto mechanic, among others.
Nuhu-Fikpo, represented by the State Coordinator of the NDE in Imo State, Mrs Ngozi Ihenacho, explained that the trainees include youths and women drawn from the 27 local government areas of the state.
According to him, the intensive training programme will take place in the Directorate’s training centres, one in each senatorial district of the state, and last for three months.
He urged the trainees to utilise the opportunity provided by the training programme to acquire viable skills that would enable them become self-reliant, and thereby decongest the labour market, and reduce poverty and hunger.
“In today’s world, opportunities such as these are rare and hardly come on a platter and I  urge you, my dear beneficiaries, to take this opportunity serious, be punctual at the training venue with the aim of liberating yourselves from the chains of poverty and unemployment”, he advised.
Also speaking at the programme, Director of the VSD, Mallam Isa Abdu, explained that the training scheme would run simultaneously, with the beneficiaries receiving transport allowances for the duration of training.
Abdu, represented by a senior staff in VSD, Mr Onyekwelu Igwesi, said that expert trainers had been hired to conduct the training and urged the trainees to justify the opportunity given them to become employers of labour.
“All over the world, as the value of money depreciates, entrepreneurs are adjusting with the times, hence the need for viable skills that can drive the economy. Learn the skills and be your own boss”, he said.
One of the trainees, Miss Oluchi Uchenna, who responded on behalf of his colleagues, thanked the NDE for creating the opportunity for them to thrive in their quest to become economically independent.

By: Joe Nwachukwu, Owerri

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