Nation
Osinbajo Urges Caution On Africa’s Economic Sovereignty
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.
Nation
NCSU Consoles Elder Statesman Over Daughter’s Death …Tasks Elected Unit Executives On Service Delivery
The Nigeria Civil Service Union(NCSU) has extended its condolence to an elder statesman in Rivers State, High Chief Anabs Sara-Igbe over the untimely death of his daughter during child birth, describing it as saddening and unfortunate, and called on the Peoples Democratic Party(PDP) chieftain to bear the irreparable loss with fortitude.
This is even as NCSU has called on the newly elected executives of the union at the unit level and Ministries in the State Civil Service, to be dedicated to their duties, as well as deliver services that would further help the State to retain its prime position in the comity of States.
The Rivers State Chairman of NCSU, Comrade Chukwuka Richman Osumah, who gave the indication in Port Harcourt, said the union seriously empathises and sympathises with Chief Sara-Igbe over the daughter’s death, and urged him never to allow the sad incident to weigh him down, but to remain strong, firm and resolute in championing the cause of Rivers State even in the face of such a tragedy.
Osumah noted that the union is particularly sad over the unfortunate incident, because of the kind of support Chief Sara-Igbe has been giving Governor Siminalayi Fubara, describing him as a true pillar of strength to the Governor, and enjoined him to continue to contribute meaningfully to the progress and development of the State in spite of obvious challenges and drawbacks.
According to him, history would be kind to Chief Sara-Igbe, when the chips are down, owing to his immense contributions to the State and also for standing on the side of truth, justice, equity and fairness,when it matters most.
Commenting on the election of new unit executives of the union, Osumah said he was glad over the development, and urged the new union officials to be good ambassadors of their units and the union.
He said delivering selfless services to the people of the State should always be their priority, and congratulated them on their successful elections.
Nation
RSG Donates Transformer To Rehabilitation Centre
The Rivers State Government has donated a 500KVA transformer to the Rivers State Rehabilitation Centre, Iriebe in Obio/Akpor Local Government Area.
The State Commissioner for Power, Prince Solomon Abel Eke, who handed over the transformer to the Commissioner for Social Welfare and Rehabilitation, Mr Illamu Arugu thanked Governor Siminalaye Fubara for the approval and release of the transformer, adding that it would go a long way in solving the power problem at the centre.
“I want to thank God for the Governor that we have, who takes time to look at things meticulously and ensures that our people get service for what they are doing”.
He said following the request by the Ministry of Social Welfare and Rehabilitation for a transformer for the rehab centre, a team of engineers from the Ministry of Power were sent to the area to take cognizance of everything that they need.
“I can assure you that what we are doing or what we are going to do here is going to put to rest everything about power.
“The capacity of this transformer you have here will take care of you even the neighbouring enviroment”, Abel Eke said.
He emphasised the need for them to preserve the transformer, stressing that the transformer has the capacity to generate and distribute electricity within the centre and neighborhood.
The commissioner warned them against allowing people to scale their fence to either vandalise or steal the transformer and described the gesture as a road map for constant power supply in the State.
“We are the only State that has three generating stations in the entire nation and we practically moving towards enjoying 24 hour- power supply in Rivers State”, he added.
Also speaking, the Commissioner for Social Welfare and Rehabilitation, MrArugu Illamu who was elated for the donation, said it was based on a request by the rehabilitation centre, when he visited the area recently.
Illamu equally thanked Governor Fubara for the gesture and the promptness to which their request was attended to and noted that it was coming at a time the people needed the transformer badly.
He said even caregivers in the centre also needed power, adding that “it is coming at a time that they need it most”.
Mr Ilamu also commended the Governor for approving transformer to the Safe Home, Borokiri, adding that the Governor has so far given approval for the three transformers requested by the Ministry and prayed that the last transformers for the Children Home and Remand Home should be delivered as well for them to have some level of succour.
He said the gesture will go a long way to alleviate the sufferings of the people by allowing them to enjoy what he called “ the basics of life”.
Iriebe John Bibor
Nation
Community Hails Fubura Over Perm Sec’s Appointment
The people of Ogbogolo kingdom in Ahoada -West Local Government Area of Rivers State have commended the Rivers State Governor, Sir Siminalayi Fubara for the appointment of their i daughter, Dr. Mrs Azibaolanari Uzoma-Nwogu as the Permanent Secretary of theMinistry of Education.
The Paramount Ruler of the community, King James Rowland, Obenema-Ibe III of Ogbogolo Kingdom made the commendation when he led a delegation of elite members of his kingdom on a courtesy visit to the office of the Permanent Secretary at the State Secretariat complex in Port Harcourt, Wednesday.
The Paramount Ruler asserted that Dr Uzoma-Nwogu was the first person from his Kingdom to be given an enviable appointment as a Permanent Secretary, stressing that Ogbogolo Kingdom is very appreciative of the Governor for the honour done to their daughter and the Kingdom at large.
He further prayed God Almighty to give her the wisdom and grace to carry out her duties effectively as would be required by her office and later presented her with an award of honour in recognition of her appointment as Permanent Secretary.
Also speaking, one of the elites in the Kingdom and university lecturer,Dr. Arobo R.C Amachree ,who is the Head of Department of Physics, Rivers State University described the elevation of Dr. Uzoma-Nwogu as meritorious and thanked the Governor for remembering the people of Ogbogolo and prayed God’s wisdom on His Excellency to continue to govern the state while pledging their support.
In her response, the Permanent Secretary, Dr Uzoma-Nwogu thanked her kinsmen for identifying with and for the respect and honour they accorded her and solicited for their support and prayers.
Akujobi Amadi
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