Nation
Afreximbank Inaugurates $100m Quality Assurance Centre To Boost Exports
The African Export–Import Bank (Afreximbank) has reiterated its commitment to save Nigeria from over $700 million losses agro-export rejections with the inauguration of the African Quality Assurance Centre (AQAC).
President and Chairman, Board of Trustees, Prof. Benedict Oramah, disclosed this at the inauguration of the AQAC in Sagamu, Ogun State, recently.
The Tide source reports that the bank inaugurated the AQAC, the first in its series in Nigeria, to ensure the production and export of quality agro-produce from the country.
The AQAC laboratory is an initiative of the Afreximbank to ensure that “made in Africa” products meets the required health and safety standards.
Oramah said the country had suffered a loss estimated at $700 million over rejected agro-produce, a situation, the AQUA is set up to address.
“Due to poor quality over $700 million worth of agro-produce are rejected from Europe alone.
“About 76 per cent of exports from Africa are rejected annually. We are working with a lot of organisations to create the framework for harmonisation of standards across the continent.
“We are budgeting about $100 million for the development of this plan of setting up African Quality Assurance Centres across the country.
“We are pleased to commission the first in a series of African Quality Assurance Centres.
“We are about today going to do a simple ceremony of commissioning but the impact will be monumental,” Oramah said.
In addition he also lauded the Ogun state government for their support in making the AQUA a reality.
“There is no country that aspires to become an export success without solid, quality infrastructure.
“There is no country that can expect to participate effectively in the Agricultural Free Trade Agreements without sound quality infrastructure.
“We want to thank the government of Ogun State under the leadership of Gov. Adedapo Abiodun for making it possible that we are located this large expanse of land,” he said.
On his part, the Ogun State governor, Gov. Adedapo Abiodun, commended the bank for its commitment to financial and economic growth of the African continent.
“On behalf of the entire people of Ogun State, we want to appreciate Afreximbank for considering our state worthy of this very laudable initiative”, he said.
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Haniel Jack Foundation Awards Five Rivers Indigenes Scholarship
The Ibanibo Haniel Jack Foundation has awarded scholarships to five Rivers State indigenes in different tertiary institutions.
The scholarship programme was announced on Easter Sunday by Rev. Dr. Samuel Wachukwu, who is also the presiding pastor of Redeemer Baptist Church, at No. 44/46 Lumumba Street, Mile Two Diobu, in Port Harcourt.
Speaking, the chairman of the occasion, Barrister Karibi George, advised the recipients to justify the scholarship by ensuring that they put in their best and finish at the expected time.
George reminded them that opportunity comes but once and they should take advantage of the opportunity that comes their way judiciously.
“Those of you who are beneficiaries of this scholarship should also remember to help others and the resurrection of our Lord Jesus Christ.
“I advise you to justify the opportunity given to you and make the man who gave you the scholarship, yourself, and your family proud,” Barrister George said.

He explained that the scholarship spans undergraduate and postgraduate levels in various high institutions in Nigeria. He thanks Sir Jack for the gesture.
The scholarship is to promote education in our society, most especially for Rivers indigenes, and equally assist those who cannot immediately afford tuition fees.
It will interest you to know that
The scholarship was borne out of God’s blessings, and this is a way to give back to the society. Besides, two of the beneficiaries are direct employees of the chairman of the foundation, sir.
Ibanibo Haniel Jack, who is also the chief executive officer (CEO) of White House Hotel, in Port Harcourt.
Chief Prezi Diffa, while presenting the awards, commended Sir Ibanibo Haniel Jack, who has deemed it necessary to give back to society.
Chief Diffa equally advised the beneficiaries to take their academics seriously and count themselves lucky.
“The man who has given you this scholarship wants to better your lives, so please put in every effort to ensure you finish the school with flying colors,” Chief Diffa said.
The beneficiaries are Isoboye Haniel Douglas, Naomi Douglas, Charles Batubo, Ajé Sokari, and
Dakoru Owen Amachree.
Tonye Orabere
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