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Nigeria Hosts 63 Countries On Innovative Financing For Dev

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Nigeria will host the 12th Plenary of the group of 63 member countries of innovative financing for development in Abuja.
This is contained in a statement issued in Abuja last Wednesday by the Head of Information Unit, National Planning Commission (NPC), Mr Salisu Haiba.
Haiba said the presidency of the leading group resided in the commission, which has the Minister as a coordinating/presiding chairman of the Group for the tenure regime which ended in December 2013.
He recalled that through the commission, Nigeria was elected presidency of the leading group at the end of the 11th plenary held in Helsinki, Finland Republic on Feb. 6, 2013, adding that the country spent 10 months on the post.
Haiba said the 12th plenary to be hosted by Nigeria, was in line with the tradition of the group, that the holder of the Presidency should host the plenary to signify the end of its tenure.
He quoted the Supervising Minister of NPC, Alhaji Bashir Yuguda, as explaining that the aim of the group was to raise funds to fill the widening gap between the financial mobilisation toward the achievement of the Millennium Development Goals.
Yuguda said the group also aimed to establish predictable and stable mechanisms for raising funds for development to complement official development assistance.
`He said the group sought to promote the implementation and definition of innovative financing mechanisms around the world.
He recalled that the group was founded in 2006 as a platform with 63 member countries at differing levels of development alongside international organisations and No- Governmental Organisations.
Explaining Nigerian presidency’s achievements, Yuguda said the Federal Government had been promoting globally the instrumentality of innovative financing for development in line with the transformation agenda and the Nigeria Vision 20:2020.
He said that Nigeria undertook to pursue refocusing of the group to strongly influence the post 2015 MDGs activities of the UN and other regional or economic blocs.
“It was also along this line, the group organised two high level side events on innovative financing at TICAD V in Japan in June 2013, as well as at the 68th UN General Assembly in New York in September last year.
“Other activities recorded under Nigeria’s Presidency, according to him, include the production of a draft resolution on innovative financing which was presented to the 68th UN General Assembly,” the minister said.
According to him, although the resolution is yet to be adopted as presented, the subsequent adoption of a resolution on financing for development by the UN, mentioning innovative financing is therefore a concrete outcome of Nigeria’s presidency.
He enumerated some of the Nigeria’s innovative financing mechanisms adopted to include; the air ticket tax and effective management of aid under a newly reviewed Official Development Assistance policy.
According to him, these are in line with Government’s Transformation Agenda and the Nigeria’s Vision 20:2020.

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Western Marine Command Intensifies Anti-Smuggling Operations … Intercepts N8.75m Worth PMS

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For officers and men of the Western Marine Command of the Nigeria Customs Service (NCS), the battle is not over until smuggling is over.
In the wake of Wednesday May, 8, 2024, the ever vigilant officers, acting on a tip-off, intercepted 177 sacks and 61 kegs of 25 litres containing petroleum products, valued at about N8.750,000million.
The items were intercepted along Isalu Creek, Badagry Waterway en-route Benin Republic.
While briefing newsmen, the Command’s Customs Area Controller, Comptroller Paul Bamisaiye, said: “This seizure is most economically significant to the Command at this period of scarcity of Petroleum Products, especially Premium Motor Spirit (PMS) in our cities, and shows the anticipatory posture in our response to economic saboteurs.
“At about 2:330hrs on Wednesday 8th May 2024, while on joint patrol by teams in the Command, credible intelligence was received of the movement of 2 boats laden with what was suspected to be petroleum products concealed in sacks. Upon receipt of the information, the team moved into Isalu creeks, Badagry waterway.
“On sighting the approach of the Officers, the smugglers took to their heels through the shore of the Creek. The loaded boats were then towed to the station at Badagry where preliminary examination was conducted and transferred to Western Marine Command Headquarters, Ibafon, Apapa, Lagos.
“Careful examination at the Command Headquarters revealed that the arrest was found to contain One Hundred and Seventy Seven (177) Sacks and Sixty One (61) Kegs of 25 Litres Premium Motor Spirit (PMS) containing Twelve Thousand Five Hundred (12,500) Liters with a total Duty Paid Value standing at Eight Million Seven Hundred and Fifty Thousand Naira (N8,750,000) only”.
Bamisaiye noted that the action of the smugglers is a contravention of Section 245 & 254 of the Nigeria Customs Service Act 2023 which the service, through Western Marine Command, is responsible for enforcing.
“The Command, under the leadership of Compt. PK Bamisaiye, is poised more than ever to rid the waterways of all acts of smuggling and economy sabotage for the benefit of the growth of economy of Nigeria”, he said
Bamisaiye said so far, no suspect was arrested in the Command’s anti-smuggling operations.

Nkpemenyie Mcdominic, Lagos

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Illegal PMS Trading Booms In Lagos

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Petroleum products  being sought by motorists have disappeared from virtually all filling stations within Lagos and its environs, but are now booming in business in retail outlets.
Investigations by our correspondent revealed that while the product could not be got at some of the petrol service stations, activities are in top gear in the local retail outlets where the price has gone beyond the reach of users.
It was also gathered that in some filling stations supplied with the products, preference are often given to retail outlet operators by petrol attendants against the consuming public.
A source, directly involved in the business, said some petrol dealers are cashing on the irregular supply to divert the products to retail outlets where they could easily make their gains.
It was also gathered that some sales representatives in the service of major oil marketing firms indulged in the diversion exercise because of their personal interest.
At the retail outlets a liter goes for N950,00 against the normal N760,to N800 at some stations.

Nkpemenyie Mcdominic, Lagos

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Customs Board Appoints Five DCGs, Eight ACGs

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The Nigeria Customs Service Board (NCSB) has confirmed the appointment of five Deputy Comptroller-Generals (DCGs) and eight Assistant Comptrollers-General (ACGs) of Customs during its 59th regular meeting.
The meeting, chaired by the Honorable Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, was held at the Nigeria Customs Service Headquarters in Abuja last Tuesday.
National Public Relations Officer of the Service, Chief Superintendent of Customs, Abdullahi Maiwada, who disclosed this in a statement yesterday, gave details of the confirmed appointments as: O.O. Peters (DCG /Commander, Training and Doctrine Command (rtd); B.M. Jibo (DCG Enforcement Inspection & Investigation); and B.U. Nwanfor (DCG Excise, Free Trade Zone & Industrial Incentives).
Others are: S.A. Bomia (DCG, Commander Training and Doctrine Command); and C.K. Niagwan (DCG, Tariff & Trade).
The Assistant Comptrollers General (ACGs) are: B. Imam (ACG Board); A.A.S. Oloyede (ACG, Trade & Tariff); S.K. Dangaldima (ACG/Zonal Coordinator, Zone ‘B’); A. Abdul Azeez (ACG/Zonal Coordinator, Zone ‘D’); S.A. Yusuf (ACG, Human Resource Development); N.P. Umoh (ACG, Training and Doctrine Command); C.O. Obih (ACG/Zonal Coordinator, Zone ‘C’); and S. Chiroma (ACG, Strategic Research and Policy).
The new appointments, according to the statement, were made to fill the vacancies created by some senior officers who recently retired from the Service, noting that the principles of federal character, seniority and merit guided the appointments approved by the board.
“These appointments are a testament to the officers’ exemplary services and dedication to the Nigeria Customs Service. The NCSB remains committed to providing strategic leadership to ensure effective and efficient service delivery for optimum performance”, he said.
While thanking the retired members of the management for their meritorious services, the Comptroller General of Customs, Bashir Adewale Adeniyi, congratulated the newly confirmed officers and charged them to redouble their efforts to ensure the service attains greater heights in its mandates of revenue generation, suppression of smuggling, and trade facilitation amongst others.

Nkpemenyie Mcdominic, Lagos

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