Developing The Non-Oil Sector
A common feature in the Christmas messages last year, was “hope”. From the political leaders to religious heads and many others, Nigerians were encouraged to be hopeful for a better Nigeria from this year and beyond despite the daunting challenges facing the nation. The citizens were urged to do everything within their powers to ensure that Nigeria bounces back again both economically and otherwise.
The most striking of them all was the message by the Catholic Bishop of Sokoto Diocese, Hassan Mathew Kukah. It partly reads, “… So, we need a change of strategy so that we can turn a new page. We need a new strategy to confront those who sit on the throne of power in arrogance and are determined to reduce our country to a jungle. We need a new strategy that separates men and women of honour from those who have chosen dishonour. We need a new strategy that provides a clearer moral guide for ordinary citizens who, based on the moral strength of culture and religion, are seeking to build a good society, even if with straws. We need to stand up and stand firm. We need new mechanisms for saying no to the violence of governance”.
Indeed, in the coming year, 2023, there must be a deliberate effort to change how things have been done in the past in the country so as to birth a better Nigeria. One of the greatest desires of any nation is the need to build a resilient economic system that is self-sustaining, highly competitive, and externally visible. Citizens of every nation too desire a strong and reliable economy and a conducive environment where they could live and operate satisfactorily. To this end, nature endowed nations of the world with natural and human (intellectual) resources through which they could develop economically and sustain her citizens.
However, no country of the world, Nigeria inclusive, could grow or develop effectively despite her natural endowments without depending on another country. This growth is mostly enhanced through trade and export.Before Nigeria gained independence in 1960, her economy was dominated by trade and export and the non-oil sector (agricultural and solid mineral sub-sector) was the mainstay of her economy and the greatest foreign exchange earner contributing about 65 per cent of her (Nigeria) aggregate income.The non-oil economy can be defined as economic activities that are not directly or indirectly related to the petroleum and gas industries. These are the manufacturing, agriculture, services, telecommunications, the financial sector (banking and insurance) activities and tour operator (hotel, restaurant, park) aside others.
According to a recent research, seven non-oil activities in percentages contributed to the Nigeria Economy in Q2 of 2022 and they include Agriculture – 23.2 %, Trade- 16.8 %, Telecoms -15.0%, Manufacturing- 8.65 %, Crude oil and Gas -6.33 %, Real Estate -5.33% while Financial and Insurance contributed 4.25%. On August 23, 2022, the Nigerian Export Promotion Council (NEPC) announced that Nigeria exported over 4.146 million metric tons of non-oil products worth $2.593 billion from January to June 2022.
From the Executive Director of NEPC, Dr Ezra Yakusak, the progress report of $2.593 billion represents a 62.37 per cent increase in non-oil export recorded in the year as against the $1.59 billion and $981.44 million recorded in the first half of 2021 and 2020 respectively. Yakusak said that the report was also the highest half year non-oil export performance since 2018 which contributed significantly to the nation’s economic growth in the face of a global economic recession that affected most businesses in 2021.
He said it also contributed to poverty alleviation, industrial development and foreign exchange employment earnings for the country. “The figures of 4.146 million metric tons of product worth $2.593 billion exported between January and June 2022 culled from the non-oil export performance reports of various pre-shipment inspection agents, reinforces NEPC’s campaign to embrace non-oil export trade as a viable means of economic growth,” he said. The NEPC Executive Director equally hinted that over 200 different products, ranging from manufactured, semi-processed, solid minerals to raw agricultural products, were reportedly exported in the period under review.He said that unlike what was applicable in the past, products exported from the country were gradually shifting from the traditional agricultural products to semi-processed/manufactured goods.
Yakusak equally said that during the period under review there was no incidence of export rejections while different Nigerian products were exported to 112 countries including America, Asia, Europe, Oceania regions and some Africa countries adding that of this number Brazil, US and India were the top three export destinations based on the value of imports. “With 572 companies reportedly participating in exporting products, analysts’ belief it is an indication that Nigerian businesses are gradually embracing the diversification campaign of the NEPC by venturing into non-oil exports,” he said.
On their own part, the Federal Ministry of Industry, Trade and Investment (FMITI) said it is working assiduously with other Ministries, Departments and Agencies to end the rejection of Nigeria’s products in the international market. To this end, the Minister of FMITI, Otumba Adeniyi Adebayo, recently inaugurated a Technical Committee on Export Rejects charged with the responsibility of identifying the major causes of the rejection of the agro produce and proffering appropriate recommendations.
The committee headed by the Director, Commodities and Export Department, Mr. Suleiman Audu, is expected to make recommendations that would assist the promotion of non-oil commodity exports which had led to farmers and product aggregators partnering to explore the export market for their products. Before Nigeria gained her independence in 1960, her economy was mainly dominated by trade and export of non-oil producing products. With the discovery of crude oil, the country’s economic dependence shifted from non- oil products to crude oil. Today, the near negligence of non-oil products is having its toll on the nation’s economy.
Despite its abundant arable land and over 200 million people, Nigeria cannot feed its citizens. Successive administrations at both federal and state levels have claimed to be investing in agriculture with little or nothing to show for it. Rather, the country has become one of the largest importers of food in the world. All kinds of good items from all over the world find their way into Nigeria. We import wheat, sugar, fish, milk, vegetables, fruits, rice and other food items which could be abundantly produced locally. Incidentally, the constant plummeting of the naira has sky-rocketed the prices of virtually every item in the market. The result is that many Nigerians today go hungry. The incoming administration across all levels must therefore make improvement in agriculture, manufacturing, the creative industry and other non-oil sectors a top priority.
As stated earlier, the current administration claims to have done so well in exportation of non-oil products, although many Nigerians have disputed such bogus claims, the incoming government is therefore expected to take it a notch higher. Some stakeholders in the agricultural sector have posited that with over 79 million hectares of arable land, diversified ecological conditions, abundant water resources and adequate rainfall and sincere commitment by the government, poverty, joblessness, and hunger will be completely eliminated in the country and the country will have enough to export. But all these will remain a tall order, thereby dashing the hope of a better nation if the problems of insecurity and corruption are not sincerely dealt with.
Other issues affecting the non-oil sector like the weakening of the naira, lack of infrastructure, poor power supply and many others must be adequately addressed. The next leaders of the country must think outside the box and come up with innovative solutions that will skyrocket the Nigerian non-oil sector to an all-time high performance. It is important that Nigerians take their fate by their hand by ensuring that they elect the best persons that will pilot the affairs of government at various tiers of government in this general elections.
N/B: look for picture of Nigerians in agriculture and use
Wike Mocks Amaechi, Abe, Debunks Allegations Of INEC Chairman Working Under Him …Urges Security Agencies To Invite Amaechi For Questioning
Rivers State Governor, Chief Nyesom Wike, has refuted allegation by former Minister of Transportation, Chibuike Amaechi that the Chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu, once worked under him as a minister.
The governor noted that Amaechi’s spurious claim that Yakubu was nominated by someone in the President-elect, Asiwaju Bola Tinubu’s camp of the All Progressives Congress (APC) was tantamount to public incitement and a threat to national security.
Wike, in a state broadcast on the outcome of the March 18th, 2023, governorship/National Assembly elections in the State, yesterday, said Amaechi’s outburst that the just conducted general elections by INEC was the worst in Nigeria’s history, is ludicrous.
He said, “The truth was that Mahmood Yakubu never worked under me. Both of us worked in the Federal Ministry of Education. He was the Executive Secretary of the Tertiary Education Trust Fund, supervised by the Minister of Education, while I was the Minister of State for Education.
“At any rate, was Mahmood Yakubu INEC’s chairman in the 2015 general elections in Rivers State when we defeated him and his political party as a sitting Governor and Director-General of Muhammadu Buhari’s Presidential Campaign?
“Was it not the same Mahmood Yakubu that conducted the 2019 general election, which the APC and President Muhammadu Buhari won? Was he working for Atiku Abubakar of the PDP when, as a sitting super Minister of Transportation, he could not win 25% for President Buhari in Rivers State in the 2019 general election?”
Wike wondered why it took this long for Amaechi , who served as a minister for over seven years under President Buhari to speak out about his opposition to Mahmood Yakubu’s reappointment.
He observed that in his frustration, Amaechi had publicly denounced and claimed to know so much bad things about the Federal Government that he served for seven year, but, regrettably, lacked the courage to tell Nigerians what he claimed to know about Buhari’s government, which he alleged had totally failed.
“In saner climes, law enforcement agencies should have invited such a devious and malignant character for hate speech, public incitement and threat to national security, public safety and order. By his mischievous statements, Rotimi Amaechi attempted to attribute, locate and blame his infamous political failures and frustrations in Rivers State on the INEC’s chairman.
“In the 2015 general elections, we defeated him as a sitting Governor and Director-General of the Buhari campaign in Rivers State. In the 2019 general elections, we beat him as President Buhari’s super Minister and Director-General of the APC Presidential Campaign.
“He could not even influence 25% of the votes for his party, even after using the Army to cause mayhem and attempt to rig the election. In 2023, we defeated him as an ordinary person. This shows that Rotimi Amaechi cannot win any electoral contest with us in Rivers State”, the governor said.
Wike stressed that the outcome of the 2023 general elections in Rivers State has again exposed Amaechi, the APC governorship candidate, Tonye Cole and his Social Democratic Party counterpart, Senator Magnus Abe, as political paperweights and rejects.
“The APC gubernatorial candidate, Tonye Cole, lost in his Ward and Local Government Area. He lost in almost all electoral units, wards and Local Government Areas of the State. Tonye Cole never ran any effective political campaigns. His party was fractured beyond redemption. He was literarily waiting for his godfather and business partner, Rt. Hon. Rotimi Amaechi to magically make him governor.
“Rotimi Amaechi also lost to the PDP in his community, Ubima, his Ward and the Local Government Area. Both forgot that Rivers people knew them as an evil partnership that diverted the State’s $50,000,000.00 and declined overwhelmingly to vote for them”, Wike alleged.
The governor further said that the electoral fate of the SDP candidate, Senator Abe, who lost woefully in 15 out of 17 wards in his native Gokana Local Government Area, was also not better.
“Magnus’s vaunting ambition was to have a chance to be named on the ballot as a gubernatorial candidate of any party, having twice been denied the APC by his former friend, political leader and associate, Rotimi Amaechi. He achieved this limited and useless ambition when he hurriedly decamped from the APC to the SDP.”
Wike challenged Abe to explain to the world his relationship with the INEC Director of Security, Lebara Nduh, who allegedly availed him and his supporters with fake INEC security tags.
The governor thanked Rivers people for voting Fubara as the next governor, adding that the results already announced by the INEC show that the PDP won 31 of the 32 State House of Assembly constituencies.
He, however, extended olive branch to the opposition to join in moving the State forward.
According to him, he has received assurance from the governor-elect of his willingness to work with the opposition to advance the interests of the State.
The governor also appreciated the security agencies’ professionalism throughout the elections and promised that the State Government would defray the medical expenses of any security personnel injured during the elections.
Wike congratulated all PDP governors-elects nationwide for their electoral victories.
He said now that the elections are over, PDP members desperately need to close ranks and work together to reclaim, rebuild, and reposition the party based on equity, fairness and justice to serve and advance the country’s unity, security and progress.
Petrol Price Increased By 54.76% Per Litre, NBS Confirms
The National Bureau of Statistics (NBS), has said that the average retail price of a litre of Petrol increased from N170.42 in February 2022 to N263.76 in February 2023.
It made the declaration in its Petrol Price Watch for February 2023 released in Abuja, yesterday.
It stated that the February 2023 price of N263.76 represented a 54.76 per cent increase over the price of N170.42 recorded in February 2022.
“Comparing the average price value with the previous month of January 2023, the average retail price increased by 24.58 per cent from N257.12.
“On states profiles analysis, Jigawa paid the highest average retail price of N329.17 per litre, followed by Rivers and Ebonyi at N323.33 and N317.14, respectively.
“Conversely, Niger paid the lowest average retail prices of N198.50 per litre, followed by Plateau at N198.71 and Abuja at N200,’’ it stated.
Analysis by zone showed that the South-East recorded the highest average retail price in February 2023 at N306.86 per litre, while the North Central recorded the lowest at N215.01 per litre.
The NBS also stated in its Diesel Price Watch Report for February 2023 that the average retail price was N836.91 per litre.
It explained that the February 2023 price of N836.91 per litre amounted to a 168.26 per cent increase over the N311.98 per litre paid in February 2022.
“On a month-on-month basis, the price increased by 0.98 per cent from the N828.82 per litre recorded in January 2023,’’ it added.
On states profiles analysis, the report said the highest average price of diesel in February 2023 was recorded in Bauchi at N904.33 per litre, followed by Abuja at N885 per litre and Adamawa at N873.33 per litre.
On the other hand, the lowest price was recorded in Bayelsa at N767.14 per litre, followed by Katsina State at N778.75 per litre and Edo at N789.43 per litre.
In addition, the analysis by zone showed that the North Central had the highest price at N850.65 per litre, while the South-South recorded the lowest price at N814.63 per litre.
Buhari Rejects NASS Bill On Power To Summon President, Govs
President Muhammadu Buhari has refused to assent to the Constitution Amendment Bill on power to summon the President and state governors.
The Senate President, Dr. Ahmad Lawan, who dropped the hint during yesterday’s plenary, lamented the refusal of the President to assent to the constitution alteration bill and 18 others.
Buhari had, last Friday, assented to 16 out of the 35 constitution alteration bills transmitted to him for assent by the National Assembly.
Informing the Senate in plenary on the presidential action, Lawan said out of the 35 constitution alteration bills forwarded to the President in January, only 16 were assented to.
According to the Senate President, the most striking of the assented 16 bills was the Fifth Alteration Bill Number 6 which makes provisions for financial independence of State Houses of Assembly and Judiciary.
Lawan listed others to include those that dwell on power devolutions in the areas of moving railway services, correctional centres and power generation and distribution, from the exclusive list to concurrent list.
He, however, vowed that the 19 bills that were not assented to by the President would still be pursued vigorously by both chambers of the National Assembly for that purpose.
The first of such 19 bills not assented to by the President was the Fifth Alteration Bill Number 24 , which sought for an Act to Alter the Second Schedule to the Constitution of the Federal Republic of Nigeria, 1999 to Empower the National Assembly and State Houses of Assembly to Summon the President of the Federal Republic of Nigeria and Governors of States to Answer Questions on issues on which the National and State Houses of Assembly have the Powers to make.
Also. Fifth Alteration Bill Number 7 which sought for an Act to Alter the Provisions of the Constitution of the Federal Republic of Nigeria, 1999 to compel persons to obey or comply with Legislative Summons, was refused assent by the President.
Others important ones are: Fifth Alteration Bill Number 29 which sought for an Act to Alter the Provisions of the Constitution of the Federal Republic of Nigeria, 1999 to provide for a State of the Nation and State of the State Address by the President and Governor.
Fifth Alteration Bill Number 22 which sought for an Act to Alter the Provisions of the Constitution of the Federal Republic of Nigeria, 1999 to Specify the period within which the President or the Governor of State shall present the Appropriation Bill before the National Assembly or House of Assembly.
Fifth Alteration Bill Number 30 which sought for “an Act to Alter the Provisions of the Constitution of the Federal Republic of Nigeria, 1999 to Include Former Heads of the National Assembly in the Council of State.
Fifth Alteration Bill Number 14 which sought for an Act to Alter the Provisions of the Constitution of the Federal Republic of Nigeria, 1999 to move Fingerprints, Identification and Criminal Records from the Exclusive Legislative List to the Concurrent Legislative List.
Fifth Alteration Bill Number 18 which sought for “an Act to Alter the Provisions of the Constitution of the Federal Republic of Nigeria, 1999 to Empower the Revenue Mobilization Allocation and Fiscal Commission to Enforce Compliance with Remittance of Accruals into and Disbursement of Revenue from the Federation Account and Streamline the Procedure for Reviewing the Revenue Allocation Formula.
Fifth Alteration Bill Number 66 which sought for an Act to Alter the Provisions of the Constitution of the Federal Republic of Nigeria, 1999 to Reflect the Establishment and Core Functions of the Nigerian Security and Civil Defence Corps etc.
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