Agriculture & Nigerian Economy
Osinbajo Inaugurates Committee on Blue Economy
As part of effort to maximize marine and oceanic resources in the country, Vice President Yemi Osinbajo on Monday inaugurated an Expanded Partnership Committee on Sustainable Blue Economy at the Presidential Villa.
The committee chaired by Osinbajo comprises state governors, ministers, representatives of security agencies, and other members from the private sector.
Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, made this known in a press statement. According to him, the blue economy is the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystems. It entails emerging renewable energy, seabed extractive activities, marine biotechnology, and bioprospecting.
In his remarks, Osinbajo said, “The blue economy offers a whole new vista of opportunity for economic activity especially in areas close to oceans, rivers, and coasts, but more importantly, perhaps the entire country, because practically everywhere has some body of water that can be exploited.”
On the committee’s composition, he noted that it has “representatives from the states and the geo-political zones, we have agency representation, Chief of Naval Staff, Comptroller-General of Customs, NIMASA and several other agencies. There are also ministries such as the Ministry of Industry, Trade, and Investment, Ministry of Power, Ministry of Petroleum, Ministry of Environment.
“There will be several agencies and several interactions between institutions because we are dealing with ports and terminals, oil and gas, the environment, tourism, hospitality–a whole range of economic activities that are connected to what is described as the Blue Economy.” He noted.
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Agriculture & Nigerian Economy
Nigeria’s Strategic Objective to Capture 10% Of Africa’s Import by 2035 – Achimugu
The Nigerian National Action Committee on the African Continental Free Trade Area, AfCFTA, has revealed that its strategic objective is to capture 10 per cent of Africa’s imports by 2035, thereby doubling Nigeria’s export in the process.
This was disclosed by the coordinator oil and gas work stream, secretariat of the National Action Committee on the AfCFTA, Franca Achimugu, at the implementation plan adoption meeting with the oil and gas work stream which was held at the Nigeria National Petroleum Corporation headquarters, in Abuja, on Thursday.
While introducing the agreement and what the oil and gas sector stands to benefit from its full implementation, she said, “AfCFTA means Nigeria is no longer Africa’s largest economy, we need to sit up and get our house in order.”
She added that Nigeria is aligning itself for agreements, which comes with the elimination of tariffs.
She also mentioned that Nigeria’s mission is to become the preferred provider of value-added services to Africa.
Recall that it was reported earlier this month that the AfCFTA secretariat and the African Export-Import Bank signed an agreement on the management of the base fund of the AfCFTA adjustment fund.
Read Also: FG Requests for Proposals for The Establishment of a National Carrier
The AG. Controller general, federal fire service (ffs), Karebo Pere samson has cautioned Nigerians against storage of premium motor spirits (PMS) popularly known as petrol in their homes during this period of scarcity.
Karebo said petrol is a highly inflammable liquid which if not handled carefully can cause serious fire explosion.
This was disclosed in a statement released by Abraham Paul the public relations officer of the services
Karebo explained that invariably there is always a risk of a fire outbreak or an explosion if there is a source of ignition nearby such as a naked flame or an electrical spark.
The ag controller general stressed that Nigerians should avoid any act which could lead to fire outbreak in their environment.
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Why Petrol Smuggling Continues –Kyari
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Agriculture & Nigerian Economy
NNPC Ltd Commences Distribution Of 1Billion Litres Of Petrol Across Nigeria to Ease Fuel Crisis
The Nigerian national petroleum corporation limited has said that it has commenced the distribution of one billion litres of safe premium motor spirit to fuel stations across the country.
This was made known by group executive director, downstream, NNPC, Adetunji Adeyemi on Tuesday in Abuja during a press briefing.
He said in order to ensure smooth distribution of the PMS nationwide, NNPC constituted a monitoring team with the support of the Nigeria midstream and downstream petroleum authority and other security agencies.
Adeyemi stated that the NNPC commenced operations on Tuesday at its depots and retail outlets to aid with the distributions across the country and an additional 2.3 billion litres of PMS is expected to arrive in Nigeria before February ends in order to address the current situation and restore sufficiency above the 30-day national target
Read Also: NNPC names culprits in Substandard Fuel importation
Customs Again Visits Families of Rice Sale Stampede Victims
Nigeria Customs Launches Advance Ruling System for Effective Trade Facilitation
CGC Adeniyi’s Impersonator Knows Fate on 3 July 2024, As Federal High Court Adjourns Hearing
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