Niger Delta
Gov Woos Investors In Agriculture, Others At UNGA 78
The Akwa Ibom State Government has called on investors across the world to invest in agriculture and other sectors in the state, assuring them of providing enabling environment.
The State Governor, Umo Eno, said this at a High Level Meeting tagged “Attracting investments in Land Restoration, Food Systems and Rural Transformation in Africa”.
The meeting was organised by African Union Development Agency-New Partnership for Africa’s Development (AUDA-NEPAD), Nigeria, in collaboration with AUDA-NEPAD Continental on margins of the 78th session of UN General Assembly.
Eno, who was represented by his Senior Special Assistant, Dr Ekem John, spoke on his readiness to welcome investors to his state and give them maximum support.
According to him, apart from Abuja, the Nigerian Federal Capital Territory, Akwa Ibom has made conscious efforts to put infrastructure to attract investors.
“We are making conscious efforts in terms of the three gateways – land, air and sea. You can go to anywhere within Akwa Ibom in one hour on motorable roads.
“We conscious of the fact that as we’re promoting agriculture, small farm holders in our rural areas must be able to evacuate their produce.
“In terms of air infrastructure. We’re the first sub-national governments to build and operate an airport efficiently.
“I think we’re the first sub-national government in West Africa to own an airline and that airline traverses the entire Nigeria and in the coming few days, in October, we’ll be establishing regional flights from Uyo.
“So, investors can seize that opportunity to invest in agriculture in Akwa Ibom”, he said.
The Governor said he had separated the Ministry of Agriculture and Water Resources, and mandated the Ministry of Water Resources to begin to work out modalities to improve on the irrigation farming.
Eno said he was recently in Benin Republic where he signed a Memorandum of Understanding (MOU) with the Songhai farms and “the idea really, is to train small farm holders into adopting modern agric practices.
“So, we’re setting up a Songhai farm in Akwa Ibom and we’re recruiting young people are trying to make agric fashionable for the young people. So, they are paid the salaries, trained and then allowed to go and establish and run their farms.
“The government is also thinking ahead by providing storage facilities for these farmers that we are bringing on board.
“And let me also say that apart from the education in terms of regulation, just last week, before we departed for this meeting, we clamped down on some companies”, he stated.
Speaking in an interview at the event, Sen. Abdulaziz Yar’dua, Chairman, Senate Committee on Nigerian Army, said the event was important to Nigeria because it discussed challenges faced my rural farmers and way forward.
“So, it is important to attract financing, investment and also ensure that certain processes are put in place so that our farmers, rural farmers can have very good harvest.
“We’re doing everything possible in Nigeria to ensure that all the things that are needed within the agriculture value chain are provided to the farmers but most importantly.
“This event and this session that I attended, which involves attracting international financing, is to ensure that our rural farmers are given access to finance”, Yar’dua said.
He recalled that in last administration, the Central Bank of Nigeria (CBN) had to be involved in getting the rural farmers access finance.
“You know the Nigerian financial institutions were not interested in giving access to finance to our rural farmers, basically because they believe agriculture is not a business and they believe they cannot quickly get profit out of that.
“So, in the last administration, the government had to involve the CBN through the Anchor Borrowers scheme to ensure that our rural farmers are having access to finance.
“With this international financing investment, I think it will add value to what is existing in Nigeria to ensure that our rural farmers get access to finance, get capacity, get knowledge of modern agriculture”, he said.
The s5enator said it is important for farmers to understand that agriculture is a business.
“We need to build their capacity in order to ensure that they reap maximum benefit in what they do.
“So that it does not stop just at subsistence farming that we do only during the rainy season but that will be an all year round funding for our rural farmers and once you engage rural communities, of course, the economy will improve the gross domestic product of the country will improve”, he said.
News
China Alerts Rivers, A’Ibom, Abia Govs To Economic Triangle
The Mayor of Housing, My-ACE China, has alerted the Governor of Rivers, Akwa Ibom, and Abia states to what he calls an emerging ‘Economic Triangle’ within their states.
Mr China, a real estate success strategist who has won numerous local and international awards, has thus drawn the attention of the governors of the concerned states to the emerging development and has urged them to intentionally accelerate the emergence of the economic triangle.
Speaking to newsmen in Uyo, Akwa Ibom State capital at the conclusion of his business trip to the state, Mr China, who is the managing director of the Housing and Construction Mayor Limited, said the envisaged economic corridor would compete favourably with the Lagos economic hub or even better.
He said: “Talking about ‘Economic Triangle’, the only place that can wrest economic power from Lagos is Akwa Ibom, Abia, and Rivers states axis or corridor. This corridor contains more than Lagos has, if they can be interconnected with smooth roads, ports, and if their blue potentials are unlocked. They will not only wrest power from Lagos but would be more lucrative.”
The investor who is behind the emerging Alesa Highlands Green Smart City in Eleme, near Port Harcourt, said the new ‘Economic Triangle’ has a bigger potential due to massive land assets with the corridor plus blue economy and the existing hydrocarbon industry.
Explaining, Mayor of Housing said Aba (Abia State) provides the biggest fabrication capacity in West Africa to supply goods to the Gulf of Guinea; Port Harcourt provides access to the Gulf of Guinea for off-taking Aba products, and the Uyo provides deep sea port at Ibaka and international airport facilities as well as forest reserves for massive agro-economy.
He said with sea ports in Rivers State and deep seaport in Akwa Ibom, and international airports in Rivers and Akwa Ibom, Aba can focus on adequate power supply and fabrication boom to supply a new booming market around the economic triangle.
By doing this, he said, jobs would spill out in huge quantities and more manufacturers would be drawn from all over Africa to boost the fast coming African Continental Free Trade Agreement (AfCFTA). He said Nigeria would thus have two major trade nodes in West Africa; Lagos and the PH/UYO/Aba triangle.
He said goods going to or coming from Chad, Niger, and the rest of Central Africa can head to the Lagos ports or to the Ibaka/PH ports zone in the new economic triangle.
He said with power supply made stable, good roads, excellent security system, and ease of doing business enthroned in the zone, the South-South and South East would become the biggest economic nerve in the near future.
Mayor of Housing called on governors of the three states to be intentional about the new corridor, put away political differences (if any), and create this corridor by agreeing on projects each state would execute with a short period of time so the states would be linked by good roads, communication, security, trade laws, concessions to investors, etc.
He remarked that northerners were already heading to the Onne Port in Rivers State to export goods, saying creating a commission to oversee the development of the ‘Economic Triangle’ would fast-track its emergence.
He observed that people of the three states are peaceful and usually preoccupied with zeal for economic prosperity, saying that if they are linked to such huge opportunities staring at them in the emerging economic triangle, they would totally shun violence and focus on prosperity.
Mr China insisted that the emerging economic triangle would form a big node not only into the Gulf of Guinea economic zone but into Africa because AfCFTA is about production, certification, market availability, and easy transport nodes by sea and air. He said the new economic triangle boasts of all the factors.
“They can only realise this by working together, through collaboration. One state cannot do it but a triangle of the three will create it through seamless interconnection, ports, industrial park, etc. The people will be the richest and internally generated revenue (IGR) will be the biggest in the country,” he said.
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