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Delta Govt Woos Investors …Promises High Return On Investment

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The Delta State Governor,
Dr. Ifeanyi Okowa, has assured local and international investors of high return on investment when they tap into the rich business opportunities that abound in the state.
The governor gave this assurance at the weekend in Lagos when he delivered a lecture titled ‘Public Policy & Governance in Delta State: Opportunities And Challenges’ at the ‘dialogue with public policy makers’ programme organised by the Lagos Business School and Nigerian Economic Summit Group.
Okowa, accompanied by top government functionaries, said: “With what we are doing in partnership with the Federal Government and community leaders, peace is gradually returning to the troubled Niger Delta region, and I can assure our prospective investors that we are going to have a lasting and sustainable peace in the region and that a conducive atmosphere awaits prospective investors. There are a lot of business opportunities for investors.”
He noted that the private sector has a lot to offer and is pivotal to the state’s investment drive which seeks to significantly develop the non-oil sectors of the economy such that they will overtake oil and gas as growth drivers.
The governor disclosed that his administration’s vision is to make Delta State the pacesetter in the country by building an enduring legacy of wealth and prosperity for all through public policy imperatives geared at maximising comparative advantages of the state, developing the non-oil sectors of the economy, creating jobs, and accelerating infrastructural development.
“Delta State has an economy size of $24.6 billion based on GDP rebase of 2013, making us the fourth largest economy in the country with multiple urban centres, numbering as many as 12,” he said, adding: “Average poverty rate based on head count is 56%, lower than the national average of 62 per cent; the per capita income is calculated at about N302 or less than $2.00 per day while unemployment/underemployment rate stood at 27.2 per cent in 2014, according to the National Bureau of Statistics.
“In a bid to address the challenges posed by the drop in statutory allocation, the state government developed the Delta State Medium Term Development Plan (DSMTDP) (2016-2019), a policy document that provides the road map to: Drive rapid infrastructural development; ensure and sustain inclusive economic growth and sustainable development; reduce the worrisome high level of youth unemployment, pervasive poverty; and woo the private sector to explore and exploit the economic and business opportunities in Delta State,” he said.
He added that the state’s PPP Model is already yielding results with agreements already signed for the Delta Commercial City Project, Umunede Rest Park, Asaba Integrated Power Project, Warri-Effurun Water Scheme, Agro-Industrial Parks and Housing Projects in the state.
Earlier in a remark, Dr. Chris Ogbechie, who represented the Dean, Lagos Business School, said the school in partnership with the Nigerian Economic Summit Group has a proven track record of engagement with public sector policy makers in proffering solutions to developmental challenges in a growing economy like Nigeria.
Similarly, the Delta State Governor, Dr Ifeanyi Okowa last weekend attended a Business Dinner in Lagos, hosted by renowned economist and eminent Deltan, Prof. Pat Utomi, where he said that his administration would support investments in the agricultural and solid minerals sectors in the state.
Okowa said that as the state moves to reduce its dependence on crude oil, his administration would strengthen the enabling environment for investments to thrive in the agriculture and other sectors.
While commending the international community for their support in attracting investments to the state, he assured that the Asaba Airport upgrade would be ready in December to accommodate bigger aircraft and also attract more airlines into the state.
In his remarks, Prof. Pat Utomi said there were lots of untapped potentials in Delta State, describing the state as the next business destination and urged the international community to consider the numerous business opportunities in the state.
The business dinner was attended by German Consul General, Mr. Ingo Herbert, British Deputy High Commissioner, Ahmed Bashir, South African Consul-General in Lagos, Darkey Ephraim Africa, United States Consular for Commercial Services, UBA Plc Chairman, Mr Tony Elumelu, Managing Director of UBA Plc, Mr Kennedy Uzoka, MD of Rain Oil, Mr. Gabriel Ogbechie, Mr. Henry Okolo and some members of the Delta State Executive Council.

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Maritime

Shippers’ Council Registers 160 Port Operators

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The Nigerian Shippers Council (NSC) says it has registered 160 Port stakeholders into its Regulated Port Service Provider and Users platform since the initiative began in 2023.
Executive Secretary, NSC, Mr Pius Akutah, made the disclosure on the sideline of a sensitisation programme by the commission for port operators in Lagos, with the theme, “Regulated Port Service Provider and Users”.
Represented by the Director, Consumer Affairs, Chief Cajetan Agu, Akutah emphasised the significance of the programme for stakeholders.
He said the sensitisation programme was the second edition after its commencement during the last quarter of 2023.
The Secretary said the 160 registered port operators consist of agencies, terminal operators, shipping companies, individual port users as well as service providers.
“We invited the ports stakeholders for enlightening them on the processes for online registration of Regulated Port Service Provider and Users.
“We have demonstrated to them how to register and how to make payment and we were able to present before them the various categories of the registration.
“The rate of payment is also in the registration. The payment of each group depends on the operation. A shipper pays N30,000, terminal operators and shipping companies pay N300,000, truckers also pay N30,000, while some pay N50,000 and N100,000.
“The Council was able to intimate them on the benefits, because port users benefit more as we help to interface on reducing port charges from time to time”,  Akutah said.
He said  that there was a need to continue to work with port operators to stop delays and eliminate high costs to make the port efficient.
Also speaking, the Deputy Director, Stakeholders, Service, NSC, Mr Celestine Akujobi, said “the sensitisation exercise was important for the council to enable us bring all the port stakeholders together”.
According to him, this is to avoid challenges during the implementation of the council’s responsibilities.
“By the time we introduce sanctions on defaulters, no operators will complain that he or she is not aware of the registration.
“I’m happy with the turnout of this sensitisation. This shows that the operators are well informed of the statutory friction of the council as the port regulator.
“The final implementation will commence as soon as we discover that all the operators have keyed into the portal.
“We are engaging other ports across the country and we’re hopeful that before the last quater of 2024, the council will implement sanctions on defaulting operators”, Akujobi said.
Earlier, Vice Chairman, National Association of Government Approved Freight Forwards (NAGAFF), Dr Ifeanyi Emoh, said  port challenges were enormous, adding that they originated from some of the government agencies.

Emoh urged the council to look into regulating other government agencies, so that there could be a window through which they can collect port charges collectively instead of indiscriminately.

By: Chinedu Wosu

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Business

Chivita, Hollandia Reward Outstanding Trade Partners At Annual Conference

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Chivita| Hollandia (CHI Limited) leading fruit juice and value-added dairy manufacturer in Nigeria has rewarded its long standing distributors at the recently held 2024 Distributor Conference. The event with the theme, “Break Boundaries Exceed Expectations” served as a platform to recognise and reward the exceptional contribution of the distributors and wholesalers who play a critical role in Chivita|Hollandia (CHI Limited) success and business goals for the year.
The Distributor Conference was held in two sessions. While the morning session featured keynote addresses, industry insights and brand immersion experience, the evening session was a cultural display of elegance and funfair that culminated in the award presentation and recognition of the contribution the trade partners made to the company in the 2023 year under review.
A key highlight of the event was the award ceremony which acknowledged outstanding trade partners in various regions across the country. The awards recognized commitment, dedication, and outstanding performance in areas of sales growth, brand promotion, and market expansion.
Eelco Weber, Managing Director, Chivita|Hollandia (CHI Limited), stated that the company’s success story is incomplete without the strong partnerships it has built with trade partners. “Today, we celebrate not only the achievements, but the collaborative spirit that has made our growth possible” he said.
Bola Arotiowa, Chief Commercial Officer, Chivita|Hollandia (CHI Limited), in his statement revealed that, the event which was first of its kind will continue to be an annual meeting to enable the company work more closely with its distributors, share insights and action points, help the trade partners familiarize themselves with the company’s goals and objectives for each year, and serve as a driver for mutual success.
“Our distributors are the backbone of Chivita|Hollandia (CHI Limited). Their relentless efforts in distributing our products, promoting our brands, and expanding our reach across the nation is truly commendable. As the bridge between us and our valued consumers, it is very important to reward their hard work and dedication for being an essential part of the Chivita|Hollandia (CHI Limited) family. Together, we will continue to deliver great products to our conusmers which in turn will deliver value to them”, Mr. Arotiowa added.
Speaking at the conference, HajiyaBilikisuSaida, Chief Executive Officer of Smabirm Nigeria Limited, who won the Outstanding Distributor of the Year in North 1 region, and got a reward of two million Naira worth of Chivita|Hollandia (CHI Limited) products expressed delight at the company’s recognition, and stated that the awards served as a way to inspire distributors to do more and put in more effort, which in turn would help both the distributors and the company to grow.
Other outstanding performance distributors of the year rewarded with a two million Naira worth of Chivita|Hollandia (CHI Limited) stock include, Sunny Chuks Limited for East 1 region, MRS FA & Sons Limited for East 2 region, Hussakas Ventures for North 2 region, Rookee 1388 Ventures for Lagos 1 region, Pik N Pil Ventures for Lagos 2 region, FaithJoe Event Management Limited for West 1 region, and Progress Family Nigeria Enterprise for West 2 region.
The annual Distributors Conference aims to strengthen the bond between Chivita|Hollandia (CHI Limited) and its trade partners. This collaborative approach fosters mutual growth and ensures the continued success of the brands in the Nigerian market.
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Business

AXA Mansard Backs Female-Owned MSMEs With N1.4m Grant

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A global leader in insurance and asset management, AXA Mansard, has supported three female-owned MSMEs with business grants totaling 1.4 million to boost their operations.
This, the company said, is part of its commitment to women and the Medium, Small, and Medium-scale Enterprise (MSME) sector in the country.
The three businesses were successful at the International Women’s Day Pitch Competition, organised in partnership with SME 100 Africa in Lagos.
According to the Head of Marketing, AXA Mansard, Olusesan Ogunyooye, the competition, which is aimed at supporting female entrepreneurs in Nigeria, “is another way AXA is demonstrating its commitment to the causes of women and stimulating the MSME sector in Nigeria”.
The business pitch competition received numerous entries from women across different sectors, but after a rigorous selection process, shortlisted participants were selected to participate in the competition.
Ogunyooye said “the programme provided a unique opportunity for women from various works and socio-economic classes to showcase their innovative ideas and solutions in sectors such as food, tech, fashion, and fragrance, creating an atmosphere filled with excitement, enthusiasm, and a strong sense of community”.
He stressed the importance of investing in women, saying it is not just the right thing to do, but also aligns with AXA’s purpose of acting for human progress.
He explained that AXA believes the future of women should not be at risk, hence investing in their economic empowerment is a crucial part

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