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President Buhari’s Speech At Commissioning of new International Terminal of the Port Harcourt Airport

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new International Terminal of the Port Harcourt
new International Terminal of the Port Harcourt

Airport

I am very pleased to formally commission the new International Terminal of the Port Harcourt Airport, Omagwa today. This ceremony represents a significant landmark for International air travellers, particularly from the South-South region, and the entire Country.

You will recall that after opening the major airport terminals in the country in the late 70s and early 80s, not much was added to increase the passenger handling capacity of these facilities by successive administrations.

Following the large increase in the national population with a consequent surge in air passenger traffic, the capacity of the airport terminals became woefully inadequate to cater for the increase in passenger traffic.

Although, palliative measures were periodically carried out, the facilities were fast giving-in to the effects of wear and tear. It, therefore, became necessary to take decisive action to ensure our terminals meet minimum international standards for the travelling public.

The Federal Government responded to a global trend in which aviation became a catalyst for economic growth as a result of massive and speedy movement of persons, goods and services in a safe and secure manner.

As part of the infrastructure renewal program, the construction of four new international terminals at Abuja, Lagos, Port Harcourt and Kano airports was embarked upon by the Federal Government with a view to modernising the ageing airport infrastructure to meet global aviation standards and improved service delivery in tandem with best international practices.

At the presentation of the 2017 Budget to the National Assembly, I promised to upgrade and develop Nigeria’s transport, power and health infrastructure, and complete a number of stalled infrastructure projects.

These include construction of new terminals at the country’s five major airports; numerous major road projects; key power transmission projects; and the completion of the Kaduna – Abuja as well as Itakpe to Warri Railway lines.

Nigeria having an advantageous central location within the sub-region and our desire to develop into a regional air transportation hub, must upgrade its facilities to take advantage of its assets. The recent decision by the Federal Government to remove Value Added Tax from domestic air transportation is in line with global best practices.

This will make air travel more affordable and subsequently lead to the creation of jobs by the air transport service value chain as well as increase revenues for the government.

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Today’s commissioning of the new International Terminal of the Port Harcourt Airport is an example of Government’s deliberate policy to sustain the development of infrastructure for economic growth in all geopolitical zones of the country.

I, therefore, wish to commend the people of the South-South Region and airport users for their patience during the period of construction.

Let me also praise the efforts of the Federal Ministry of Transportation, particularly Aviation, the Chinese government and the China Exim Bank for their financial support and the various roles they played leading to the successful completion of this project. I also wish to say well done to the contractor, Messrs CCECC for timely service delivery.

It is therefore with great pleasure that I commission the new International Terminal building of Port Harcourt International Airport.

Thank you and God bless the Federal Republic of Nigeria.

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Labour Force

Kogi Governor Approves Implementation of N30,000 Minimum Wage for workers

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Kogi Governor Approves Implementation of N30,000 Minimum Wage for workers

Kogi state governor, Yahaya Bello, has approved the implementation of N30,000 as minimum wage for the workers in the state.

 

The secretary to the state government, Folashade Ayoade disclosed this on Tuesday after an extensive meeting with the organized labour in Lokoja

 

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She blamed the delay in the implementation on the inability for the committee to meet regularly due to the covid-19 pandemic which has been overcome.

 

The SSG equally commended the organised labour for their understanding and patience, which she said has resulted into the signing of the implementation of the new minimum wage.

Read Also: FCTA Set to Implement Minimum Wage for FCT Workers

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Finance

CBN to End Forex Sales to Commercial Banks in 2022

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Author: Eunice Johnson, Abuja 

The Central Bank of Nigeria (CBN) has put Deposit Money Banks (DMBs) on notice that it will stop selling forex to them by the end of 2022. CBN Governor Godwin Emefiele made this known in Abuja on Thursday at the end of the Bankers’ Committee Meeting where he also introduced the RT200 Programme.

 

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Emefiele said the time had come for the banks to go out there and source for forex by funding entrepreneurs with ideas. The CBN, Emefiele said, will support the banks by granting rebates and other support until the banks find their feet in sourcing their forex by themselves.

He also disclosed that the apex bank’s policies and measures have led to a significant improvement in diaspora inflow from an average of US$6 million per week in December 2020 to an average of over US$100 million per week by January 2022. He added that the CBN would be reviewing these intervention programmes going forward to ensure that they continue to achieve the desired results.

He said international bodies, including some embassies and donor agencies, have been complicit in illegal forex transactions that have hindered the flow of foreign exchange into the country.

 

Read Also: CBN Encourages Nigerians to Accept E-Naira

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Customs Corner

Customs CG Deploys 37 Comptrollers as Comptroller Attah Heads Kebbi Command

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Customs CG Deploys 37 Comptrollers as Comptroller Attah Heads Kebbi Command

Author: Gift Wada, Abuja

The Comptroller General of Customs Col. Hameed Ibrahim Ali (Rtd.) has approved the deployment of 37 Comptrollers to various Units, Departments and Commands across the country.

This was disclosed in a release signed on Tuesday by the Customs Deputy National, DC Timi Bomodi for the Comptroller General of Customs.

Among those deployed are the present National PRO of Customs Comptroller Joseph Attah who will assume the office of Area Controller of Kebbi Command, Comptroller AAS Oloyede who shall be moving from ICT/MOD to Tin Can Island Port Command, while Comptroller SI Bomoi to FCT Command. Other postings are Comptroller BA Jaiyeoba to Oyo/Osun Command, Comptroller A Dappa-Williams to Eastern Marine Command, Compt. MA Umar Kano/Jigawa, Compt. KC Egwuh ICT/MOD, Compt. LM Mark Enugu/Anambra/Ebonyi, Compt. T Tachio CTC Kano, Compt. AA Umar Western Marine, Compt. M Dansakwa North Eastern Marine, Compt. AC Ayalogu T & T and Compt. KD Ilesanmi will assume duty as Comptroller Board among others.

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Ali in postings released on 7th of February, charged the newly posted Comptrollers to justify the confidence reposed in them by NCS Management by bringing to bear their years of experience and training in trade facilitation and anti-smuggling activities on their new assignment.

 

Given the enormous expectations of government regarding revenue generation in the current year, the Comptroller General reiterated the need for all Area Controllers and Unit heads to take full charge of the affairs of their Commands by ensuring absolute compliance with extant fiscal policies while leveraging on the efficient management of data to optimize trade facilitation and revenue collection.

Furthermore, the CGC directed all officers to be extremely vigilant in protecting the lives and wellbeing of Nigerians by ensuring the full fortification of our borders against the incursion of smugglers and other cross border criminals.

Read Also:

Customs Raises Concerns over Finance Act as Senate Sets N3trn Target for Revenue Agencies

Comptroller Ali Ibrahim Assumes Duty as New Customs FOU Zone ‘C’ Boss

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