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MOWCA, AFDB Identify Employment Creation Areas

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The Maritime Organisation of West and Central Africa (MOWCA) and African Development Bank (AfDB) have jointly identified areas of collaboration for maritime infrastructural development and employment creation.
This is a fallout of a meeting at the instance of the Secretary General of MOWCA,  Dr Paul Adalikwu, with officials of the AfDB in Abidjan, recently, in which both bodies identified the need for collaboration.
Adalikwu, who was received by the AfDB team led by the bank’s Acting Director, Infrastructure and Urban Development Department, Mr. Mike Salawou, explained MOWCA’s importance and strategic positioning in harnessing the benefits of maritime transport development and the blue economy concept.
The SG invited AfDB to look at his action plan on repositioning MOWCA and provide assistance to implement the programmes of work.
He informed the bank of the planned establishment of a Regional Maritime Development Bank (RMDB) with headquarters in Abuja, Nigeria, as an avenue to provide funding for African shipping industry to enable indigenous investors own ships and play active role in the maritime industry.
He stated further that nine member States have signed the bank’s Charter document with 51% equity share allotment to member States and 49% equity set aside for private sector investors, and encouraged the Bank to see this as an opportunity to invest in the RMDB.
The MOWCA SG disclosed plans to recruit officers to fill key positions at the Secretariat General, to encourage member states to replicate the existing anti-piracy laws of Nigeria and Togo for harmonisation of procedures and practices to prosecute criminals caught in the Gulf of Guinea.
He described the blue economy as an avenue for empowerment of women and youths through the ocean resources, thereby mitigating involvement in maritime crimes, Institutional maritime capacity building and engagement of more women in the sector.
He also talked about establishing an information network relying on high technology equipment to increase situational awareness at sea inorder to maximise the benefits from the International Maritime Organisation (IMO) technical assistance programmes for member States.
The AfDB, through Salawou, promised to engage with MOWCA on the review of the study on the development of the maritime sector that aims at promoting intra-African cabotage transport to reduce identified gaps.
The bank assured of partnership on promoting port efficiency through improvement of connectivity with rail and road transport for facilitation of cargo transit to landlocked countries and assisting in overcoming the challenges in the sector through job openings for African maritime practitioners currently dominated by Asian seafarers.
The AfDB representative said that the Bank was developing its strategies to fully address maritime issues with the African Union Commission and the Regional Economic Communities (RECs), based on their involvement in the regional coastal shipping line project, SEALINK, initiated by the Federation of West African Chambers of Commerce and Industry (FEWACCI) and ECOWAS.
AfDB according to Salawou, is also considering the Port infrastructure development and city urbanisation in the Praia-Dakar link by sea.
The bank rep agreed with MOWCA on the need for job opportunities creation with the promotion of maritime-related entrepreneurship and training for women and youths.

By: Nkpemenyie Mcdominic, Lagos

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Imported Goods Killing Local Production – Presidency

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The Presidency has frowned at the rate of consumption of imported goods in the country, and has urged Nigerian consumers to change their mindset and patronise locally-produced goods, especially in the agricultural sector, to boost revenue and job creation.
Special Adviser to President Muhammadu Buhari on Media and Publicity, Femi Adesina, disclosed this while speaking at a one-day seminar/exhibition with the theme, “Re-orientation towards ensuring preference and consumption of domestic agro-allied products”, which was organised by Zakclair Investment Limited.
Adesina, who was represented by the Special Assistant to the President on New Media, Tolu Ogunlesi, said more Nigerians would be financially empowered when people patronise locally manufactured goods.
He explained that no nation could truly develop its production capacity when its economy was based on imported products.
The presidential spokesperson observed that most developed nations of the world were those whose economies were based on the local production of goods.
He said the unbridled importation of products was weighing heavily on the country’s foreign exchange reserve.
“We must also be willing to innovate with our local products in ways that can get us a wider audience.
“Instead of expending scarce resources and importing goods and services, we can channel them to create jobs for people. We need to believe more in the value of what is indigenous to us, as a people.
“When we consume locally made products, there will be less pressure on our foreign exchange. In the same breath, the value addition that happens locally means jobs.
“The economic value of consuming locally made goods is in all the jobs that will be created.
“I think that with the kind of market that we have in Nigeria, 200 million people, you can see there is a lot that we can do with domestic products”, Adesuna said.
Delivering the keynote address, the Executive Secretary of the Agricultural Research Council of Nigeria, Prof. Garba Sharabutu, urged stakeholders to stop paying lip service to the efforts to drive the consumption of made-in-Nigeria products, saying “we need to take it from words to action”.
Earlier, the CEO of Zakclair Investment Ltd, Adelabu Abdulrazak, explained that with the country’s ailing economy, there was a need to direct attention to preference and consumption of locally-made products.
“Consequently, we believe there is a need for a discourse in this aspect of our national life with the aim to infuse patriotism, encourage policies that tackle this lifestyle, reorientate our citizens and massively stimulate the growth of our economy,” he said.

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Commission Extends Deadline For Digital Money Operators’ Registration

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The Federal Competition and Consumer Protection Commission (FCCPC) has announced the extension of deadline for registration of online money lenders and operators, otherwise known as Digital Money Lenders (DML).
Making the registration extension known in a statement that was made available to The Tide at the weekend, the FCCPC Chief Executive Officer, Babatunde Irukera, said the process has been extended to March 27, 2023.
The FCCPC boss stated that the extra time was to ensure that the registration of DML whose registration was still in process was adequately achieved, and to also prevent significant market disruptions.
It is the third time the commission has postponed the deadline for registration, since it enforced compulsory registration in August 2022.
“On December 6, 2022, in furtherance of the collaboration of the Inter-Agency Joint Task Force, the FCCPC extended the deadline for the registration of DML to January 31, 2023.
“This was to ensure the registration of DMLs whose registration was still in process and to prevent significant market disruptions.
“The Commission noted, however, that several DMLs have not yet provided all relevant documentation to complete their registration process.
“To this end, the Commission is further extending the registration deadline to Monday, March 27, 2023″, The statement read in part.
The FCCPC recently released a limited interim regulatory and registration framework for digital lending in order to curb unethical interest rates, violation of consumer privacy, and other unethical lending practices perpetrated by unchecked digital lenders in the country.

By: Corlins Walter

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Manager Clarifies PH Airlines Building Occupancy Issues

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The Port Harcourt Airport Manager, Mr Felix Akinbinu, has given reasons for the delay by airlines operating at the Port Harcourt International Airport, Omagwa, in occupying the newly commissioned Airport Building.
Noting that airlines still operate from the Terminal building, he said the nature of business operations of airlines is such that makes them operate from the terminal building in order to meet the boarding requirements for passengers.
Akinbinu, who disclosed this while interacting with aviation correspondents, stated that the newly commissioned airlines building is not just for airlines alone.
He said it’s office space for any group or individuals to use, though it bears the name, “Airline Building”.
According to him, the airlines will still operate from the terminal building because the newly commissioned airlines building is to provide additional office space for airlines to accommodate their other activities and staff.
“To be frank with you, what we have in the new airlines building is just eight office space accommodation, and it is not only for airlines, it is open to everyone or group that need an office space.
“It is not that we are ordering the airlines to leave the terminal building, not at all, because they are to operate at the terminal building for the ease of their business and passengers facilitation.
“It is also not an issue of disobedience on their side for still operating at the terminal building. All they will do is to acquire additional office space for their staff and operations”, Akinbinu said.
The Tide’s check earlier showed that the new airlines building is sited at a distance place from the terminal building, which makes it difficult for airlines to easily access, considering their style of business operations.
Some officials of airlines The Tide interacted with stated that they will not operate from the new airlines building because it was sited across the airport major road, distant from the terminal.
They, therefore, urged the airport management to consider the nature of their operations, and make alternative for them.
It would be recalled that the Managing Director, Federal Airports Authority of Nigeria (FAAN), Salisu Yadudu, represented by the Director of Operations, Murktar Munye, had at the commissioning ceremony of the airlines building, early December last year, directed the airport manager to ensure that airlines occupy the building immediately.
This, he said, was to decongest the terminal building. But the building is yet to be occupied.

By: Corlins Walter

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