Naija News
FG Assured Patronage Of Local Investors
The Federal Government on Monday assured investors across the country of patronage to ensure the growth of their various investments.
Adeniyi Adebayo, Minister of Industry, Trade and Investment, gave hope while addressing a delegation of Daniel Franco Institute.
The institute visited the minister to seek his support for the setting up of the Rabelat Entrepreneurship Centre for Animal Husbandry in Nigeria.
He said to his guests that the Federal Government would continue to do its best to make the country a safe destination for investors.
In a statement issued in Abuja by his media aide, Ifedayo Sayo, the minister said his ministry had the mandate of facilitating the development of viable non-oil commodities
He said, this, was in line with quality management systems, geared towards boosting indigenous food and animal production, consumption/sustainability, as well as acceptability at targeted international markets for foreign exchange earnings.
“It is imperative for the ministry to engage the institute to deliberate on the nature of strategic partnership and level of collaboration,” Adebayo stated.
The Managing Director, Rabelat Nigeria Ltd., Ahmed Raji, said RECAH was structured to run both training and commercial outfits for the animal husbandry sub-sector.
He added the training arm would focus on the basic studies in animal husbandry and entrepreneurship, as well as provide the platform for trainees to select, breed, care for, process and market livestock and small animals. Raji put the cost of the project at N2b, adding the amount would be spent on the construction of the administrative block, lecture halls, hostel, purchase of teaching aids and other infrastructural facilities.
On the benefits of RECHA, he said it would aid and fast-track the development of agribusiness in Nigeria, create 50,000 jobs and solve the problem of herder/farmers clashes.
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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
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
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.
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
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.
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.
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