Business
FG Reassures On Eastern Ports Revitalisation
Vice President Yemi Osinbajo in Abuja yesterday reiterated the Federal Government’s commitment to the revitalisation of the moribund seaport in the Eastern region of Nigeria.
He stated this after inspecting exhibition stands mounted by the Nigeria-American Chamber of Commerce, Kaduna State in partnership with the Economic Affairs Section of the U.S. Embassy in Abuja.
He was reacting to the moribund status of Calabar, Port Harcourt and Warri Ports even as major imports into the country through Tin Can and Apapa were destined for the East.
According to the Vice President, the country needs more seaports but their development will be driven by the private sector.
“We simply need to develop more ports but for us it has to be private sector-led. A lot of these initiatives have been private sector led.
“I have been talking to several of the business communities in those areas.
“Many people are talking about Eastern Ports and I think they are important.
“We have also seen a lot of indication in the private sector that they are prepared to invest in some of these ports.
“So, the business of government is just to enable these things to happen and we are prepared to do that.’’
Osinbajo lauded the exhibitors who came out with new methods of advancing the Small Medium Enterprises (SMEs).
“Well, I am always excited to see how extremely innovative and just how energetic our manufacturing community is; it is just a wide range of products that we have seen here today.
“And one of the things that strike you is that there is so much going on that you don’t know about.
“This is my second visit, I was here last year to this exhibition and there is tremendous improvement already.
“We have just seen someone who has a drying technology out there which could really help with a lot of post-harvest losses and all that and there are people who are doing all manner of creative things.’’
Osinbajo said that the exhibition indicated that diversification of the economy especially the agro- allied value chain “has already taken root so much and we are seeing tremendous progress’’.
On how the Executive Orders would aid trade facilitation in the country, he stated that “One of the very important things is the whole business of pre-investment approvals.’’
He expressed gratitude that such government agencies as NAFDAC, SON and BOI were being proactive in their approvals.
“I think they are a lot more proactive and I think that they are also working a lot more on the time it takes to get these approvals.
“That is really one of the most important things about the executive orders,’’ he said.
Osinbajo addressed the theme of the exhibition: “Assessing Hidden Opportunities and Linkages in Value Chain for Entrepreneurial Development,’’ noting that the opportunities in the country were no longer hidden.
“Everyone has come to discover that this country is just so blessed with so much in terms of resources and I think that what we have seen especially with a lot of young entrepreneurs today is that these things are already being exploited,’’ the vice president said.
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Business
$5bn Train 7 Project 80% Complete -NCDMB
The Board stated this in a statement released by its Corporate Communications Directorate to newsmen, recently, during the inauguration of 140 trainees for the Train 7 Project.
The trainees had undergone the Nigerian Content Human Capacity Development (NC-HCD) programme it organised in partnership with the Nigeria Liquefied Natural Gas (NLNG) Limited in Port Harcourt, the Rivers State capital.
The Tide gathered that the training programme was an intensive three-month Advanced NC-HCD Programme for the US$5 billion NLNG Train 7 Project on Bonny Island, Rivers State.
The trainees, The Tide further learnt are graduates in different academic disciplines who have completed a 12-month Basic Training Programme in diverse oil-and-gas-industry-related skill sets and are now set for an on-the-job phase which includes active hands-on participation in operational areas such as Turn Around Maintenance (TAM), Commissioning, and Desktop Programmes.
The Corporate Communications Directorate of the NCDMB told The Tide that in November 2024, a set of 331 trainees under Batch A of the NLNG T7 HCD Training Programme began capacity development in facility management, engineering, Information and Communication Technology (ICT), Health Safety and Environment (HSE), Quality Assurance and Quality Control, as well as welding and fabrication.
According to the Board, additional 77 trainees under Batch B of the same Training Programme began capacity development in data analytics and supply chain management among several other fields relevant to the operations of the oil and gas industry.
While addressing the trainees and trainers who were drawn from the Oil and Gas Trainers Association of Nigeria (OGTAN), Management Personnel of the NCDMB and NLNG, the Executive Secretary of NCDMB, Engr Felix Omatsola Ogbe, said the Advanced NC-HCD training is more than a milestone.
“The NC-HCD training programme is an expression of the collective commitment of the Board and the NLNG to nurturing world-class Nigerian professionals who will shape the future of our oil and gas industry.
“The Board has remained steadfast in its conviction that Human Capital Development is a critical investment in the sustainability and competitiveness of Nigeria’s oil and gas value chain”, the NCDMB boss said.
Business
Ageing Aviation Workforce: Minister Urges Youth Grooming For Replacement
He said the situation has resulted in widened knowledge gaps and operational challenges.
As a globally regulated sector, he said it was important that stakeholders put measures in place to attract the talents required to move the industry forward.
Keyamo, therefore, called on stakeholders in the industry to be deliberate in identifying, encouraging, nurturing and harvesting young talents to ensure a sustainable supply of manpower to the aviation sector.
Director of Public Affairs and Consumer Protection of the FAAN, Mrs Obiageli Orah, in a release made available to aviation correspondents, noted that the Minister deemed it necessary to attract the right quality of human resources required to move the sector forward.
“As a globally regulated sector, it is important that stakeholders put measures in place to continually attract the right quality and quantity of human resources required to move the industry forward.
“It is important to note that organising training programmes are avenues through which we can breed, nurture, and harvest such human resources.
“One of the critical challenges facing the industry is the ageing and retiring workforce, leading to widened knowledge gaps and operational issues.
“Training programmes, I believe, is among other things designed to make aviation appealing to the younger generation, while encouraging them to develop interest in taking up a career in the industry”, the statement stated.
Meanwhile, some aviation stakeholders have expressed concerns of countless young Nigerians who seek to make their mark in aviation, tourism, and the wider transport ecosystem but often face steep barriers to entry.
According to them, lack of access, limited mentorship, financial constraints, skill mismatches, and systemic gaps, among others, have posed some constraints to them.
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