NEWS AGENCY OF NIGERIA
Nigeria secures m loan to boost women-owned businesses

Nigeria secures $50m loan to boost women-owned businesses

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By Kamal Tayo Oropo

The Bank of Industry (BoI) has secured a 50 million dollars loan portfolio from the African Guarantee Fund (AGF).

 

This is in a bid to empower women entrepreneurs and drive economic growth in Nigeria.

 

This innovative guarantee framework agreement is backed by the African Development Bank’s (AfDB) Affirmative Finance Action for Women in Africa (AFAWA) initiative.

 

The loan, which will be disbursed over a 10-year period, is expected to scale up BoI’s lending to Small and Medium Enterprises (SMEs) in the country, with a focus on women-owned businesses and environmentally sustainable enterprises.

 

Dr Olasupo Olusi, Managing Director and Chief Executive Officer of BOI, spoke on the sidelines of the Africa Investment Forum, Market Days 2024, which ends on Friday in Rabat, Morocco.

 

Olusi said that the partnership would propel Nigeria’s industrial sector by providing financial and business support services to enterprises.

 

“Today, we signify a collaboration that promises to drive inclusive growth, innovation, and sustainable development,” he said.

 

The News Agency of Nigeria (NAN) reports that the AGF will also provide tailored guarantees and technical assistance toward special SME products offered by BOI, targeting women, youth and green businesses.

 

This agreement is expected to unlock up to 100 million dollars in financing for SMEs in Nigeria.

 

According to Olusi, the partnership is a significant step towards promoting economic growth and reducing unemployment in Nigeria.

 

He said it also aligned with the Renewed Hope agenda of President Bola Tinubu’s administration.

 

The African Development Bank’s Vice President, Agriculture, Human and Social Development, Dr Beth Dunford, emphasised the bank’s commitment to empowering women entrepreneurs and fostering economic growth in Nigeria.

 

“This strategic partnership is a beacon of hope and progress for African businesses, particularly those led and owned by women,” she said.(NAN) (www.nannews.ng)

Edited by Ismail Abdulaziz

Fertiliser: Women embrace sustainable alternative for food security, soil preservation

Fertiliser: Women embrace sustainable alternative for food security, soil preservation

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By Bushrah Yusuf-Badmus, News Agency of Nigeria (NAN)

 

Mrs Elizabeth Ndako has been a smallholder farmer for many years. She grows grains and tubers in Patigi, Patigi Local Government Area of Kwara state. To boost her production, Ndako spends close to N300,000 on agro-chemical to increase productivity and keep farm produce from pests.

 

 

“Normally, I spend close to N300,000 on fertilizer and herbicides yearly if I do not want to waste my farm inputs.

 

 

“This is always a Herculean task for me yearly, because after buying these things, we have little or nothing to feed on before the things we planted grow,’’ she said.

 

 

At one point, however, this woman farmer could not afford the money as the price for the fertiliser kept increasing as a result of Nigeria’s economic situation.

 

 

Ndako started using chicken poop and spoilt foods as a means to an end when fertilisers were no longer affordable for her, but ironically, they ended up giving her more yields than expected.

 

 

‘’I have been using chicken poop and plant waste which I later learnt is called organic fertilizer for the past eight years, and I have never for once regretted it. It gives me more yield than when I was using chemical fertilizer.

 

 

‘’Another thing I noticed while using it is that the soil is not easily washed away when it rains compared to when I was using the chemical fertilizer,’’ she said.

 

 

This experience resonated with other smallholder women farmers, who are responsible for the bulk of food items in the market.

 

 

As the world grapples with the global economic and food crisis and the effects of the COVID-19 pandemic, Nigerians are not left out in finding means to, among all things, ensure food security and sustainability.

 

 

Women farmers play a key role in household food security and nutrition. Empowering female farmers can increase the availability of diverse and nutritious foods, improving family and community health.

 

 

Nigerian farmers face several constraints such as limited access to education, land, credit facilities and poor distribution networks. These results to low yields and high wastage rate during harvesting, processing and storage therefore reducing available food supply and rural women’s income.

 

 

With the hard means of survival and difficulty in feeding, more Nigerians women have gone into farming to feed themselves and family members, before they see it as a money making venture.

 

 

But surprisingly as many farmers are investing in planting and harvesting, based on the World Bank projections, about 40 per cent of Nigerians are estimated to still live below the international poverty line by the end of 2024.

 

 

Just like other developing countries, poverty in Nigeria is highly gendered. Although women make up about 50 per cent of Nigeria’s population, more than 60 per cent of them live in extreme poverty, majority of them are rural women.

 

 

Incidentally, the category of rural women is where the Small scale Women Farmers Organisation of Nigeria (SWOFON) members are. They farm basically to feed their immediate family and sell the remaining proceeds to earn a living. But with the high cost of fertilizer and herbicides, they suffer setbacks on their farms.

 

 

Their quest was to find an alternative to straining their lean purse to improve their yields, little did they know that they are working towards climate change mitigation.

 

 

Succour, however, came the way of some in Nigeria when in 2020, the Centre for Community Empowerment and Poverty Eradication (CCEPE) trained women farmers on the use of dung and plant wastes as organic fertiliser and pesticides

 

 

CCEPE trained 40 women farmers in Asa local government area, and 20 women farmers in Kaima local government of Kwara state, on how to make and use organic fertilisers and herbicides on their farms.

 

 

CCEPE Executive Director, Mr Abdurrahman Ayuba, said the training was organised in the face of ravaging impacts of climate change and the economic status of the women farmers.

 

 

 

CCEPE Executive Director, Mr Abdurrahman Ayuba and some women farmers at the training.

 

 

“We tend to look at alternatives to the high cost of farm inputs and how to support these women to source locally for their farming business without necessarily impacting negatively on their income and little money they have with them.

 

 

“By the time they use half of their income to procure fertiliser which is not readily available and also source expensive agro chemicals like pesticides, herbicides, they have little or nothing left to feed,’’ he said.

 

 

Mrs Ndako, who is also the SWOFON Coordinator in Kwara, said though the advantages of the organic fertilizer were enormous, they are slow in response compared to chemical fertiliser, but the wait was always worth it.

 

 

She appealed to the government to help in creating more awareness and education on organic fertiliser as it is more affordable for those in the rural areas.

 

 

One of the beneficiaries of the training, Mrs Sadiat Rasaki, from Omole, Asa local government, said the organic herbicides they were taught by using neem leaf helped her restore her farm that was almost consumed by insects and pests.

 

 

 

Mrs Sadiat Rasaki

 

 

“The training on herbicides was an answered prayer at that time because insects took over my farm and I couldn’t afford chemical herbicides, but when I used neem leaf the way we were taught, it was as if nothing happened to it before.

 

 

“Surprisingly, it didn’t affect the farm produce by the time they were harvested because that was my initial fear.

 

 

“That was what made me try to use the organic fertilizer as we were taught too, because I did not believe it could work.

 

 

“The year I first used organic fertilizer was the first year I had a bountiful harvest which are also good looking,’’ she said.

 

 

Another beneficiary, Alhaja Titi Ade-Salam, said prior to the training, she uses food remnants as fertiliser, and ashes as herbicides, but she doesn’t know the benefits accrued to it other than the fact that it saves her cost of purchasing fertilizer of almost N200,000 yearly.

 

 

 

Mrs Titi Ade-Salam

 

‘’We had the belief that chemical fertilizer is the best, but we were told that it makes the soil infertile, that organic improves the soil fertility.

 

 

‘’For herbicides, we were taught how to use neem leaves and black soap and for fertiliser, we were told to use chicken poop, goat poop and food remnants, but I have been using food remannts before the training.

 

 

“Using organic, my farm produce now have good yields and look attractive and greener than before. It is pocket friendly and easily accessible, compared to the chemical ones that the cheapest is N5,000.

 

 

“I urge farmers to make more enquiries on it to amass the benefits and also ensure that we are eating right from what we planted.”

 

 

The trainees, however, did not keep the knowledge to themselves, as a secondary beneficiary, Hajia Sherifat Ibrahim, from Ilorin South local government, said she learnt from one of the participants that biodegradable wastes can be used as manure.

 

 

Mrs Ibrahim said she gave it a trial when she couldn’t afford fertiliser (costing about N250,000) to boost the maize and vegetables she planted.

 

 

“Then, I bought five bags of chicken poo for N1500, and the maize and vegetables I planted them with, became the envy of my community members.

 

 

“Even my mentor in farming was surprised and he had to ditch the chemical fertilizer he bought for the organic ones as his maize has small seeds compared to my own. I had to give him out of my harvest that year.

 

 

‘’The maize looks like the premier seeds, very big like what we used to call Farmer’s seed then.

 

 

“We need more awareness because this will go a long way in reducing the financial strain on farmers and at the same time help the environment to be safe.

 

“The challenge we have regarding it now is that a bag of chicken poop is now N5000 per 100 kg and it is always heavy to carry for us as women,’’ she said.

 

 

 

Hajia Sherifat Ibrahim

 

 

Another secondary beneficiary, Mrs Funmilayo Lawal, who farms in Odoore, said she used chicken poop on a section of her farm where she planted vegetables to test the efficacy and was surprised at how well they turned out.

 

 

‘’I was not part of those that were trained, but our members told me that organic fertilizer makes farm produce really green and with big seeds.

 

 

‘’I have up to an hectare of farm, so I used it on a particular section and use chemical fertilizer on other parts to see the difference, I discovered that the organic works better than the chemical, though the result is slow compared to when the chemical one is used.

 

 

‘’I use it mostly to plant tomatoes, Okra and vegetables and the difference is very clear.

 

 

“My farm is in Odoore and I plant rice, maize, guinea corn, beans and vegetables. I sell most of my farm produce and consume just little out of all, but I often give out vegetables after taking what I want.”

 

 

Highlighting the importance of organic fertilisers and herbicides to the environment, Dr Sa’adat Yusuf of the Department of Crop Protection, University of Ilorin, who was the training facilitator, said the use of organic fertilisers and herbicides was long overdue, in the face of the effect of climate change on crops.

 

 

She said organic fertilisers and herbicides are boosters that are not based on chemicals, but naturally occuring which helps to address the issue of resistance to chemicals.

 

 

‘’When you use chemical fertiliser and herbicides for a long time, it will get to a point when the pests and the soil becomes resistant to the chemicals and it will no longer be effective.

 

 

“Also, it is environmentally friendly. When you use organic products, the environment becomes cleaner, the plants used to develop the crops are degradable and by the time they decompose, they improve the fertility of the soil.

 

 

‘’Then they are pocket friendly because neem leaves that we experimented with, can be gotten almost everywhere. So, at the end of the day, it improves the profit margin of the farmers,’’ she said.

 

 

Dr Sa’adat Yusuf

 

 

The university don said the farmers were trained on how to use neem leaves and seeds.

 

 

‘’The major ingredient we used during the training is Neem leaves. We trained them on how to use neem to produce fertilizer and to protect crops against pests.

 

 

“They were taken through how to use neem plant to protect their crops starting from the leaves, seeds and how to extract the oil in order to protect their stored produce.

 

 

“The residues were also incorporated into the soil to serve as fertiliser to improve the soil fertility,’’ Dr Yusuf said.

 

 

She, however, called on the government to key into it by producing these organic fertilizer and herbicides in large quantity, so that more people can key into its usage.

 

 

‘’The government can establish factories where they will produce these things in a large scale and pack them for the farmers to begin to buy just like they buy the chemical fertilizer.

 

 

‘’This will go a long way to promote the usage of organic fertiliser and pesticides,’’ she said. (NAN) (www.nannews.ng)

**If used, please credit the writer and the News Agency of Nigeria (NAN)

 

***This story is done with support from the Solutions Journalism Network (SJN) and the Nigeria Health Watch (NHW).

NAN MD lauds NAFDAC for reducing counterfeit goods

NAN MD lauds NAFDAC for reducing counterfeit goods

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By Aderogba George

The Managing Director of News Agency of Nigeria (NAN), Malam Ali M. Ali, has lauded National Agency for Food and Drug Administration and Control (NAFDAC), for efforts toward reducing counterfeit goods in Nigeria.

 

He gave the commendation when Prof. Mojisola Adeyeye, the Director-General of the food and drug regulating agency, paid him a visit in Abuja on Tuesday.

 

Ali also commended Adeyeye’s giant strides toward tackling substandard products in the country, saying that the impact is being felt all over the country.

 

“We know what you are doing, especially in trying to rid our warehouses, stores and others of substandard goods.

 

“We know there are millions of dollars involved in this kind of business; that you are making efforts to fight counterfeit goods is good.

 

“This is more similar to the same thing we are fighting at the agency — fake news, when you are dealing with fake drugs and you see how it is being manufactured in the length and breadth of this country, it is mind-boggling.

 

“This is why you deserve all the support the media can give you, as well as the general support Nigerians can give you, what you are doing in NAFDAC is selfless service, it is a selfless task.

 

“You have to do it for the country, as an academician, you have set the bar, I think other regulators should emulate what you are doing.”

 

The managing director said that if NAFDAC staff risk their lives in safeguarding public health, it is a duty on other regulatory agencies to also rise up to their task.

 

He said NAN as a major content provider in terms of news would continue to project the image of NAFDAC provided it is still carrying out its responsibilities as enshrined in the law.

 

He said that NAN as a news agency could not afford to mislead the public with information, adding that the agency has zero tolerance for fake news and misinformation.

 

Earlier, the NAFDAC boss told NAN MD that sharp practices are widespread and majority of people would always want to beat the system.

 

She said that the country witnessed six decades of decadence up until in 2019 when NAFDAC realised that and decided to change the narrative to promote local manufacturing of goods.

 

She added that people would always want to beat the system to their own favour and to the detriment of others’ health.

 

“We deal with goods, drugs, chemicals, vaccines and others and almost everything that make life better on a daily basis and this is why we have to be on alert, it is a tough business, but we have to do the job.

 

“Just two or three months ago, our staff went on a routine patrol in Onisha and they were attacked, this is the type of hazards we face everyday as an agency.

 

“Our work is for the benefit of all Nigerians in terms of what we eat and drink, because you may never know when you need medicine, you must be sure that the water doesn’t put your stomach in trouble,” she stressed.

 

She said that NAFDAC would not keep mute to this system but will keep on working a step ahead of counterfeiters who are determined to promote illegalities to the detriment of the health of many Nigerians.(NAN) (www.nannew.ng)

Edited by Hadiza Mohammed-Aliyu

Information minister to discuss FG’s tax reforms at Kaduna NIPR AGM

Information minister to discuss FG’s tax reforms at Kaduna NIPR AGM

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By Folasade Akpan

The Minister of Information and National Orientation, Alhaji Mohammed Idris, will be the Guest Speaker at the 2024 Nigerian Institute of Public Relations (NIPR) Annual General Meeting (AGM) and Public Lecture.

 

The Chairman, Kaduna State Chapter of the institute, Mr Haroun Malami, made this known in a statement on Thursday in Abuja.

 

According to him, the minister will deliver a paper entitled “Tax Reform: The Role of Public Relations in Fostering Constructive Dialogue for National Economic Renaissance.”

 

Malami, who stated that the AGM/public lecture is scheduled for Saturday, Dec. 7, added that the choice of the theme for the 2024 event was informed by the controversy generated by Federal Government’s tax reform bills submitted to the National Assembly (NASS).

 

He said as part of its responsibility to the public as an institute, the chapter felt the need to intervene in the conversation by providing a platform that would promote dialogue and better understanding of issues of national importance.

 

The chairman also stated that Prof. Mustapha Muhammad, the Head of Accounting Department, Ahmadu Bello University (ABU) Zaria, would be the Lead Discussant.

 

He added that Human Rights Activist, Sen. Shehu Sani, Prof. Cosmas Eze of Mass Communication Department, ABU Zaria, and Prof. Hauwa’u Yusuf of Kaduna State University would be panellists to further discuss the issues thrown up by the paper.(NAN) (www.nannews.ng)

Edited by Hadiza Mohammed-Aliyu

Election: Jonathan leads W/Africa elders forum to Ghana

Election: Jonathan leads W/Africa elders forum to Ghana

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By Emmanuel Oloniruha

A delegation of the West African Elders Forum (WAEF) observation mission led by former President Goodluck Jonathan on Wednesday arrived in Accra, ahead of the Dec. 7 general elections in the country.

 

The WAEF’s communications Officer, Wealth Ominabo, disclosed this in a statement made available to the News Agency of Nigeria on Wednesday in Abuja.

 

Ominabo disclosed that Jonathan, on arrival in Ghana, urged Ghanaians to be patriotic and work for peaceful, free and transparent elections.

 

Other members of the delegation include former Burkinabe Prime Minister and President of the ECOWAS, Mr Kadre Ouedraogo; Executive Director of the Goodluck Jonathan Foundation, Ms Ann Iyonu, and Special Adviser to Jonathan, Ikechukwu Eze.

 

Jonathan commended the people of Ghana for their enduring commitment to democratic values, adding that Ghana’s history of peaceful political transitions served as a beacon for democratic governance across Africa.

 

“The upcoming elections present another opportunity for Ghanaians to reinforce their dedication to democracy, stability, and development,” he stated.

 

The mission leaders also charged the electoral commission of Ghana and the security agencies to keep to their mandate of independence and neutrality to ensure a credible polling process.

 

“WAEF urges the Electoral Commission of Ghana to uphold its mandate of conducting free and fair elections, and ensuring the transparency and credibility of the 2024 elections as a way of building trust among the electorate and stakeholders.

 

“We encourage the security agencies to sustain their professional conduct, maintain their neutrality and a peaceful electoral environment by ensuring impartial deployment to safeguard voting materials, polling centres, and citizens across the country.

 

“As we approach the end of campaign activities, we urge all political parties and their candidates to reaffirm their commitment to peaceful campaigns devoid of hate speech, inflammatory rhetoric, and personal attacks.”

 

The former President also called on political parties, candidates and all stakeholders to respect the integrity of the electoral process and to pledged to resolve disputes through lawful and constitutional channels.

 

Jonathan further urged the youth and party supporters to remain law-abiding during and after the elections by avoiding acts of intimidation or violence.

 

Describing Ghana as a model of democracy, Jonathan also urged Ghanaians to seek to safeguard Ghana’s democratic legacy by rejecting violence, intimidation, or actions that could undermine the integrity of the electoral process.

 

“By working together, Ghanaians can once again assert the country’s position as a model of democracy built on a tradition of peaceful, free, fair and transparent elections,” he said. (NAN)(www.nannews.ng)

Edited by Maureen Atuonwu

ICRC, NAICOM collaborate to enforce insurance cover for PPP assets

ICRC, NAICOM collaborate to enforce insurance cover for PPP assets

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By Sumaila Ogbaje

The Infrastructure Concession Regulatory Commission (ICRC) is to partner with the National Insurance Commission (NAICOM) on ensuring that concessionaires procure insurance covers for assets under Public Private Partnership (PPP) arrangements.

 

This is contained in a statement by the Acting Head, Media and Publicity, ICRC, Ifeanyi Nwoko, on Wednesday in Abuja.

 

The two organisations reached the agreement during a visit by the Chief Executive Officer of NAICOM Mr Olusegun Omosehin, to the Director General of ICRC, Dr Jobson Ewalefoh, in Abuja.

 

In his remark, the ICRC boss reiterated the need for all strategic assets of the Federal Government to be insured and commended NAICOM for following it up with a visit.

 

Ewalefoh said that insurance of PPP assets was not optional but mandatory as it was stipulated in Section 7(2)a of the ICRC Act (2005) which states.

 

According to him, the Act states that the project proponent or contractor shall undertake appropriate insurance policy on the concession with an insurance company approved by the National Insurance Commission.

 

“We have to ensure that the concessionaires obtain the appropriate insurance policy that they are required by law to undertake in line with the value of the asset.

 

“Working in collaboration with NAICOM, we would be able to determine if the right insurance policy has been obtained,” he said.

 

Ewalefoh added that the ICRC was already requesting concessionaires of new PPP projects to provide proof of insurance cover for the projects they were about to undertake.

 

He said that the ICRC would now work out modalities in conjunction with NAICOM to ensure compliance by concessionaires of ongoing projects that were yet to procure insurance for the project.

 

According to him, the modalities will be issued by January 2025 to all concessionaires.

 

On his part, the CEO of NAICOM, Omosehin, said his commission was charged with regulating and supervising the insurance sector in Nigeria, while also advising government and its agencies on insurance matters.

 

He said the NAICOM was responsible for ensuring that critical national assets had adequate cover.

 

According to him, one key thing that made this meeting possible was the position of the DG on insurance of PPP assets when he met with the Interior Minister.

 

“We are here to forge that partnership that will enable that provision in the law to be enforced.

 

“I hope NAICOM and ICRC will use this opportunity to forge a quick alliance in ensuring that the partnership works in ensuring that the compliance part of the law works,” he said.

 

The NAICOM boss commended his ICRC counterpart for his position on enforcing insurance, adding that the power to enforce insurance across all sectors was not contained in the NAICOM Act but only in the Act of other agencies like ICRC.

 

He added that NAICOM was willing to offer effective trainings to ICRC officers who would be part of the technical committee.

 

Highpoint of the meeting was the appointment of a joint technical committee by the two agencies to work out modalities for optimising insurance covers for all government PPP assets. (NAN) (www.nannews.ng)

Dangote Cement, Benue communities seal dev’t Agreement  

Dangote Cement, Benue communities seal dev’t Agreement  

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The Dangote Cement and six host communities in Benue on Wednesday signed a historic Community Development Agreement (CDA)

 

The landmark accord commits Dangote Cement to multimillion-Naira development initiatives, and was celebrated as a transformative milestone, with the communities pledging to uphold a peaceful coexistence.

 

A traditional ruler, Ter Gboko Gabriel Shosum, hailed the pact as the dawn of a new era that fulfils the communities’ longstanding aspirations.

 

He lauded Alhaji Aliko Dangote, President of the Dangote Group, for his commitment to addressing the needs of the host communities, while urging local leaders to sustain peace and harmony to support the company’s operations.

 

Mrs Bimbo Olawoye, representing the Minister of Solid Minerals Development, called for collective efforts to ensure the full implementation of the CDA.

 

Hon. Elias Yina, Chairman of Gboko Local Government, described the agreement as unparalleled in the company’s over 40-year history.

 

He said the programme would benefit not only the local government but also the State.

 

Plant Director, DCP Gboko, Louis Raj, said the achievement of the CDA is as a result of the support from the Benue State government, as well as from the Gboko Local Government, community leaders and the ministry of Solid Minerals Development, among other stakeholders.

 

The Plant Director added: “This important occasion marks the beginning of concrete infrastructural development and social support in the areas of Education, improved access to Healthcare, Economic Empowerment programmes targeted at the Youths, the women groups and the farming population.

 

He said that the company’s social investment would also facilitate improved access to potable water, improve electrification and power supply to the host communities, among other things.

 

“The Gboko Plant’s CDA also provides for scholarship grants for students in secondary and tertiary institutions to promote excellence in educational pursuits of indigent students from our host communities.”

 

Head of Social Performance, Mr Wakeel Olayiwola, described the signing of the CDA as historic and key to the implementation of key projects in the host communities.

 

The CDA, he said, provides for interventions that covers the provision of infrastructural and educational development for a period of five years.

 

In his remarks, President General of the Jemgbash Development Association, Prince Yandev Amaabai, urged the communities to be peaceful and eschew violence.

 

“Dangote has provided us jobs, and now is supporting us as a people. We must support him and be peaceful,” he said.

 

The agreement was signed with six host communities: Tse-kucha(Mbatyula), Quarry, Amua(Mbakper), Mbazembe, Mbatur and Pass Brothers.

PR:

NTTS 2024: Stakeholders call for adequate infrastructure for sustainable tourism

NTTS 2024: Stakeholders call for adequate infrastructure for sustainable tourism

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By Joshua Olomu

Stakeholders in the tourism sector have called on government at all levels to ensure provision of basic infrastructure to further enhance its contributions to national economy.

 

The News Agency of Nigeria (NAN) reports that the stakeholders made the call at the ongoing 7th annual National Tourism Transportation Summit and Expo (NTTSE), at the Velodrome of the MKO Abiola National Stadium, Abuja.

 

The two-day summit, which began on Dec. 3, has the theme: “Tourism Transportation Connectivity: Accelerating the Synergy for National Economic Development”.

 

According to the stakeholders, Nigeria has vast sites and attractions that need to be properly accessed and developed to attract tourists for national economic gains.

 

They, however, decried the poor state of basic infrastructure, especially poor road networks across the country, which has hampered accessibility of tourism sites and locations.

 

It brought together industry players from both the public and private sectors and representatives of relevant institutions, including Federation of Tourism Association of Nigeria (FTAN), Federal Capital Territory Transportation Secretariat, National Council for Arts and Culture (NCAC).

 

Others include Nigerian Meteorological Agency (NIMET), Nigerian Shippers Council, Federal Road Safety Corps (FRSC), Nigerian Maritime Administration and Safety Agency (NIMASA), Ministry of Aviation, National Institute for Hospitality and Tourism(NIHOTOUR) and Nigerian Tourism Development Authority(NTDA),among others.

 

Dr Kayode Opeifa, Executive Director, Centre for Sustainable Mobility and Access Development (CenSMAD), said insecurity and transportation challenges must be effectively tackled for Nigeria’s tourism sector to strive.

 

“You see, tourism is simply mobility, movement of people to places of interest beyond their place of residence, and that tells you tourism is 50 to 80 per cent transportation.

 

“So, when people cannot move, they don’t have access, then tourism will die because if you have all the centres of tourism and there is no access to them, nobody will go.

 

“That is why I said government should pay conscious effort, not just have a ministry of tourism or whatever, but you must have a ministry of tourism that you consciously ensure that infrastructure are provided.

 

“I am suggesting that the Federal Government, beyond the tourism sector, should provide incentive to state governments who have tourist sites for the purpose of accessibility,” he said.

 

Mr Nkereuwem Onung, President, Federation of Tourism Associations of Nigeria (FTAN), said that collective efforts was needed by government at all levels to fix infrastructure decay, especially bad roads.

 

“The problem we actually have is that Nigerian public sector does not realise that for us to have a proper tourism industry, government needs to harness infrastructure properly.

 

“We have been to different countries, and you see what people are using to market their country’s tourism, and that is why I do not want to harp on the security question.

 

“I will rather want to stay on the infrastructure issue, and if we develop our infrastructure, it will help our tourism,” he said.

Mr Folorunsho Coker, Director-General, NTDA, said besides infrastructure, inconsistent policy was a major in the sector.

 

“There is a need for consistency in terms of public policy, and if you don’t have that consistency, private capital will not come and sit down with you.

 

“From the law, regulations, taxation, if there is no consistency, would you put your money in that kind of ecosystem?

 

“If there was no consistency in policies, we will not have ‘GSM’and the different banks we have now, and that consistency has to be demonstrated both with transportation and the tourism ecosystem.

 

“Technology is the new thing in both transportation and tourism, and if we do not use technology, we will be sitting down paying lip service to the problem,” he said.

 

Earlier, Mr Abiodun Odusanwo, National President, Institute for Tourism Professionals of Nigeria (ITPN), said the summit was a flagship initiative for tourism stakeholders.

 

Odusanwo, who is also the chairman of the Inter-Ministerial Organising Committee (IMOC) of the summit, said the annual event was a platform for stakeholders in tourism to form a common-front toward making the sector thrive.

 

He said besides paper presentations, some of the key areas the summit would focus on during panel discussion sessions include infrastructure development, regulatory frameworks, capacity building, marketing and promotion, among other areas.

 

“The whole idea started in 2017 during the meeting of the National Council on Transportation when we actually presented a memo to the council seeking for collaboration between tourism and transportation.

 

“We observed that those in transport are operating in silos; those in rail, aviation, even those within the mass transportation, everybody seems to be operating in silos.

 

“The life of a typical traveler can go through all the modes of transportation and that is why it is nice to have collaboration, a synergy between tourism and all those different transportation modes.

 

“We have, therefore, a team design driven connectivity, networking, also among these agencies to ensure that we have a more or less seamless movement, mobility of people within the country,” he said.

 

While declaring the conference open on Tuesday, tHannatu Musawa, Minister of Arts, Culture, Tourism and Creative Economy, said the federal government was committed to creating an enabling environment for tourism to thrive.

 

The minister, who was represented by her Special Assistant, Nanayakkara Roshan, said Nigeria’s tourism sector holds the promise of being a key driver for economic diversification, especially as the nation looks beyond oil-dependent growth. (NAN)(nannews.ng)

Edited by Folasade Adeniran

Tax bills: Tinubu committed to accountability- Information Minister

Tax bills: Tinubu committed to accountability- Information Minister

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By Emmanuel Mogbede

Minister of Information and National Orientation, Alhaji Mohammed Idris, says President Bola Tinubu is committed to accountability on tax bills and will always act in the best interest of Nigerians.

 

Idris said this in a statement on Wednesday in Abuja, while reacting to the ongoing nationwide debate on the new tax reform bills currently before the National Assembly.

 

He said it was very inspiring to see Nigerians from all walks of life coming out to express their views and opinions on the new bills which were a matter of critical national importance.

 

“This is the very essence and meaning of democracy,” the minister said, adding that all commentators and groups should keep up the spirit of informed engagements.

 

Idris said that they should also strive to be respectful and understanding at all times in spite of the diversity of opinions.

 

“In the spirit of democratic engagement, there should be no room for name-calling or for the injection of unnecessary ethnic and regional slurs into this important national conversation.

 

“Similarly, it is important to be aware that there is a lot of misinformation and fake news circulating around the tax bills and the overall reform agenda of the Tinubu administration.

 

“The fiscal reforms will not impoverish any state or region of the country, neither will they lead to the scrapping or weakening of any federal agency.

 

“Instead, they will bring relief to tens of millions of hard-working Nigerians across the country and empower and position our states and the 774 local governments for sustainable growth and development,” he stated.

 

The minister said that the president was implementing an ambitious fiscal reform agenda that would devolve more resources to states and local governments, and ultimately, to Nigerians.

 

This, he said, was in the spirit of harnessing democracy that works for the people, adding that government had nothing sinister to warrant the suggestion that the process was being rushed.

 

Idris added that in line with the established legislative procedure, the Federal Government welcomed meaningful inputs that could address grey areas in the bills.

 

“In this vein, President Tinubu has already directed the Federal Ministry of Justice and relevant officials who worked on the drafts to work closely with the National Assembly to ensure that all genuine concerns have been addressed before the bills are passed.

 

“We are indeed witnessing, at this moment in the history of Nigeria, the most far-reaching, impactful and beneficial set of fiscal reforms that Nigeria has seen in decades.

 

“In addition to the four tax bills being debated and deliberated upon, there is also the 2023 Supreme Court ruling on financial autonomy for local governments,” the minister said.

 

According to him, the financial autonomy for local government will significantly empower that tier of government which is the closest to the people.

 

He expressed optimism that in all, the reforms would facilitate increased revenues without imposing additional tax burdens on the people.

 

Idris added that it would also make it possible for citizens to demand and enjoy greater accountability in the management of public resources at all levels of government.

 

He assured that the Tinubu-led administration would continue to champion policies that would close the loopholes and gaps through which Nigeria’s valuable public resources had been frittered away for decades.

 

“On top of this necessary foundation, the resources being conserved and realised from these reforms will be invested in critical infrastructure, including healthcare, education, transportation and digital technology, among others,” he said.

 

The minister also said that the resources from the reforms would be channelled to social investments beneficial to Nigerians and ensure that no one was left behind.

“This is the promise and the reality of the Renewed Hope Agenda,” the minister stated. (NAN) (www.nannews.ng)

Edited by Yakubu Uba

New tax reforms’ll provide stronger social safety net- Nwoko

New tax reforms’ll provide stronger social safety net- Nwoko

664 total views today

 

By Deborah Coker

Sen. Ned Nwoko (PDP-Delta) has said that the four new tax reform bills presently before the National Assembly would provide a stronger safety net for Nigerians.

 

Nwoko, who is representing Delta North Senatorial District and a member of the Senate Committee on Constitutional Amendment as well as Finance, said this while speaking with the News Agency of Nigeria (NAN), in Abuja on Wednesday.

 

He said this was particularly so, if the presidency adopted his proposed model for National Social Security Agency.

 

According to him, Nigeria’s tax system has long been due for reform, and the four bills currently before the National Assembly, offers us a critical opportunity to address the deep-rooted fiscal challenges we face.

 

“Nigeria, with one of the lowest tax-to-GDP ratios in the world, our revenue framework is not fit to support a population of more than 220 million people.

 

“Importantly, this overhaul can also provide a stronger social safety net, particularly if the presidency adopts my proposed model for a National Social Security Agency.

 

“I proposed contributions from taxes and the private sector as part of sustainable funding mechanisms for the Agency.

 

“However, for this promise to be realised, we must pair reform with strong accountability mechanisms and a commitment to effective implementation.

 

“This is not just about raising taxes; it’s about making them work better for everyone. Nigeria cannot afford to keep postponing these tough but necessary decisions.”

 

The lawmaker also said that it was not taxation that was the problem, but how the revenues were utilised for the benefit of the people.

 

He added that the concerns raised in opposition were not unique to Nigeria.

 

“Countries that have successfully implemented tax reforms, faced initial challenges but ultimately created systems that are fairer.

 

“The principle of progressive taxation is central to the success of these reforms, which is protecting small businesses and low-income earners while ensuring that those with higher incomes contribute proportionately,” he said.

 

NAN reports that the Senate on Nov. 28, passed for second reading, the tax reform bills forwarded to it by President Bola Tinubu in October.

 

The bill was thereafter referred to the Committee on Finance, which was asked to revert within six weeks.

 

NAN also reports that  Tinubu on Tuesday, directed the Ministry of Justice to work closely with the National Assembly to address the concerns within and outside the legislature.

 

The Minister of Information and National Orientation, Mohammed Idris, revealed this in a statement he signed Tuesday titled ‘President Tinubu committed to accountability on tax bills, directs Ministry of Justice to work with NASS on concerns.’

 

Mohammed said, “In line with the established legislative procedure, the Federal Government welcomes meaningful inputs that can address whatever grey areas there may be in the bill.

 

“In this vein, President Tinubu has already directed the Federal Ministry of Justice and relevant officials who worked on the drafts to work closely with the National Assembly to ensure that all genuine concerns have been addressed before the bills are passed.”

 

The Federal Government says the bills are aimed at overhauling the nation’s tax system.

 

These are the Nigeria Tax Bill 2024, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

 

The federal government said that the proposed legislation seeks to consolidate existing tax laws, establish clearer frameworks for tax administration, and create bodies like the Tax Appeal Tribunal and the Office of the Tax Ombudsman.

 

However, critics argue that the reforms could disrupt the balance of fiscal federalism, potentially centralising tax authority and diminishing state revenues.

 

Notably, at a meeting on Oct. 28, the 19 Northern States, under the platform of the Northern Governors’ Forum, rejected the new derivation-based model for Value-Added Tax distribution in the tax reform bills.

 

They argued that the changes might adversely affect their regions’ financial autonomy. (NAN)(www.nannews.ng)

edited by Sadiya Hamza

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