NEWS AGENCY OF NIGERIA
African Energy Summit in Tanzania to accelerate electricity access-AfDB
Economy/Business

African Energy Summit in Tanzania to accelerate electricity access-AfDB

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By Olawunmi Ashafa

The African Development Bank Group (AfDB) is set to host the Mission 300 Africa Energy Summit in collaboration with the World Bank Group, the African Union (AU), and the Tanzanian government.

The bank said in a statement posted on its website that the summit, scheduled for Jan. 27 and Jan. 28, in Dar es Salaam, Tanzania, will bring together key stakeholders to address Africa’s critical electricity access challenges.

It said that the event would convene African heads of state, government officials, private sector leaders, development partners, civil society organisations and academics to advance the continent’s electrification agenda.

AfDB noted that central to the discussions would be the ambitious ‘Mission 300 plan’, a joint initiative by the bank and the World Bank launched in April 2024.

According to the bank, the initiative aims to connect 300 million people in Sub-Saharan Africa to electricity by 2030.

It added that, with nearly 600 million Africans lacking access, representing 83 per cent of the global energy deficit, the summit underscores the urgency of accelerating electrification efforts.

“Launched in April 2024 by the AfDB and the World Bank, the Mission 300 initiative seeks to combine increased infrastructure investments with comprehensive policy reforms across the energy supply chain.

“With nearly 600 million Africans lacking access to electricity, representing 83 per cent of the global energy deficit, the summit highlights the urgent need for action.

“The summit will serve as a crucial platform for stakeholders to exchange ideas, share best practices and mobilise resources to accelerate electricity access in Africa.

“Successful implementation of the Mission 300 plan is critical for economic growth, poverty reduction, and improved quality of life for millions of Africans,” it explained. (NAN)(www.nannews.ng)

Edited by Folasade Adeniran

NERC transfers electricity oversight to Niger
Economy/Business

NERC transfers electricity oversight to Niger

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By Constance Athekame

The  Nigerian Electricity Regulatory Commission (NERC) has issued an order to transfer regulatory oversight of the electricity market in Niger  to the State Electricity Regulatory Commission (NSERC).

 

The commission in a statement on its X handle in Abuja on Friday said that the transfer  was in compliance with the Constitution   and the Electricity Act (EA) 2023 as Amended.

 

The commission said that in accordance with the provisions of the EA 2023, it retains the role as a central regulator with regulatory oversight on the inter-state/international generation, transmission, supply, trading and system operations.

 

It said that the EA also mandates any state that intends to establish and regulate intrastate electricity markets to deliver a formal notification of its processes and requests  to NERC to transfer regulatory authority over electricity operations to the its regulator.

 

”Based on this, the Government of Niger complied with the conditions precedent in the laws, duly notified NERC and requested for the transfer of regulatory oversight of the intrastate electricity market in the state.

 

”Following the request, NERC directed the Abuja Electricity Distribution (AEDC) to incorporate a subsidiary (AEDC SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Niger  from the company, ”it said.

 

The commission said that AEDC  should complete the incorporation of AEDC SubCo within 60 days from Jan. 10 and the sub -company shall apply for and obtain licence for the intrastate supply and distribution of electricity from NSERC, among other directives.

 

It also directed Ibadan Electricity Distribution Company Plc (IBEDC) to incorporate a subsidiary (IBEDC SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Niger from IBEDC.

 

NERC said, ”IBEDC shall complete the incorporation of IBEDC SubCo within 60 days from Jan. 10.

 

”The sub- company shall apply for and obtain licence for the intrastate supply and distribution of electricity from NSERC, among other directives,” it said.

 

The commission directed that all transfers envisaged by this order be completed by July 9.(NAN) (www.nannews.ng)

Edited by Ismail Abdulaziz

Stakeholders advocate data-driven economic reforms
Economy/Business

Stakeholders advocate data-driven economic reforms

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By Rukayat Moisemhe

Some stakeholders on Thursday called for data-driven economic reforms with measurable outcomes to enhance the country’s Ease of Doing Business (EoDB) ranking.

They made the call during the January9Collective (J9C) 13th Anniversary Lecture in Lagos.

The News Agency of Nigeria (NAN) reports that the event was themed: ‘Business and Policy Strategy: Examining the Role of Reform in Enhancing the Ease of Doing Business in Nigeria’.

Prince Adewole Adebayo, the 2023 presidential candidate of the Social Democratic Party, urged the Federal Government to implement more fiscal reforms.

Adebayo noted that such reforms should facilitate economic growth, improve efficiency, and foster economic stability.

He suggested the metering of oil wells to ensure accurate revenue generation.

He emphasised that the government must engage with businesses at regulatory intersections to enhance the ease of doing business and implement reforms to strengthen the legal system.

“The Nigerian government must look inwards, define the desired trajectory for the country, and carry out reforms based on that vision.

“The first reform should ensure that rules are not set by players but are enforced by independent entities. Businesspeople must approach the government for general regulations rather than specific ones.

“Economic reforms without political reforms are ineffective, as politics dictate the economy.

“For ease of doing business, we must also separate regulators from those they regulate and ensure economic crimes are punishable,” he said.

Adebayo further highlighted the need for transparency in land matters.

Dr Kayode Onafowokan, Chairman of Coleman Wires and Cables, described the event’s theme as reflective of efforts to promote professionalism, entrepreneurial excellence, honour, and integrity.

He called for increased investments in agriculture, food processing, industrial raw materials, building materials, and information and communication technology (ICT).

“Investment decisions are not sentimental; globally, the primary consideration is to invest where returns are guaranteed, though not taken for granted.

“Equally crucial is succession planning, which is vital for aspiring entrepreneurs.

“Founders of Nigerian businesses should encourage their children to engage with the institutions they have built to ensure sustained growth and continuity,” he said.

Mr Ugodre Obi-Chukwu, Founder of Nairametrics, underscored the importance of leveraging data for decision-making in reforms.

He noted that the difference between developing and developed economies lies in their ability to access and utilise data, adding that businesses that effectively harness data tend to outperform those that do not.

“Tax incentives are critical to encouraging both local and foreign direct investment in Nigeria.

“To increase foreign direct investment, the groundwork must include addressing the fiscal deficit, implementing foreign exchange reforms, and ensuring exchange rate stability changes that may materialise this year,” he said.

Mr Segun Ajayi-Kadir, Director-General of the Manufacturers Association of Nigeria, urged the government to view manufacturing as pivotal to driving economic growth.

He called for policies to promote industrial development, incentivise private sector participation, and facilitate intersectoral engagement.

“It is essential to pass the four pending tax bills urgently and revise electricity tariffs to reflect actual consumption.

“We also urge the Central Bank of Nigeria to redeem the outstanding 2.4 billion dollars in foreign exchange obligations,” he said.

Mrs Toki Mabogunje, a former President of the Lagos Chamber of Commerce and Industry, stressed the need to modernise reforms and ensure their proper implementation and enforcement.

She noted the role of sub-national governments in driving the ease of doing business.

“We must harness the value chain of Small and Medium Enterprises (SMEs) to compete globally, aggregate the mining sector, and unlock exports, particularly non-oil exports,” she said.

Mr Adedeji Popoola, Founder of Fina Trust Microfinance Bank, emphasised the importance of SMEs internalising business processes and maintaining proper documentation to enhance financial inclusion.

He also called on the government to address insecurity to foster inclusive economic development.

Mr Kingsley James, Captain of J9C, stated that the group, established in 2012, aims to consistently examine the Nigerian polity and offer solutions through dialogue and engagement. (NAN)(www.nannews.ng)

Edited by Ijeoma Popoola

WTO supports UNIZIK to offer master’s programme in international trade
Economy/Business

WTO supports UNIZIK to offer master’s programme in international trade

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By Lucy Ogalue

Nigeria is set to inaugurate a Master’s programme in International Trade through the support of the World Trade Organisation (WTO), at  Nnamdi Azikiwe University (UNIZIK), Awka.

The Minister of Industry, Trade, and Investment, Dr Jumoke Oduwole, confirmed this when the Nigerian Ambassador to the WTO led a delegation to visit her on Monday in Abuja.

Oduwole said the programme would be executed under a four-year endowment of 200,000 Swiss Francs from the WTO to UNIZIK.

She described the award as a significant milestone for the country, as this was the first time Nigeria had secured such an endowment in its 30 years of WTO membership.

“This is a big one for Nigeria. The programme focuses on key areas such as digital trade in Africa, MSMEs, the circular economy, and women’s entrepreneurship.

“It aligns with our priorities at the ministry and will effectively strengthen Nigeria’s capacity to implement WTO and African Continental Free Trade Area (AfCFTA) policies,” she said.

Oduwole lauded the efforts of Prof. Ngozi Egbuna, the lead researcher, and expressed pride in the initiative, which she described as a perfect fusion of academia and government collaboration to advance trade policy.

“I believe that with the success of Nnamdi Azikiwe University, through your programme, Nigerian universities will be able to attract even more shares from the WTO and similar institutions.

“This is what Nigerian universities need to switch a bit to the academic side,” she said.

Amb. Adamu Abdulhamid, Nigeria’s Permanent Representative to the WTO, highlighted the competitive nature of the WTO Chairs Programme (WCP).

“This programme is domiciled in the WTO and supports academic institutions globally to strengthen trade policy research and capacity building,” Abdulhamid said.

He explained that 27 Nigerian universities applied for the programme, with Nnamdi Azikiwe University emerging as the winner after rigorous screening.

“This initiative will run for four years, addressing digital trade in its first year, MSMEs in the second, the green economy in the third, and women’s entrepreneurship in the final year,” Abdulhamid said.

He commended the WTO Director-General, Dr Ngozi Okonjo-Iweala, for her leadership and consistent support for Nigeria.

The Acting Vice Chancellor of Nnamdi Azikiwe University, Prof. Joseph Ikechebelu, expressed pride in the university’s achievement and pledged full institutional support for the programme.

“This project underscores our capacity for research and development and we are committed to ensuring its success.

“This includes developing a Master’s programme in International Trade, which will strengthen Nigeria’s academic and economic landscape,” Ikechebelu said.

He assured that the university’s curriculum committee would fast-track the establishment of the programme, which is expected to start by the next academic session.

Meanwhile, Egbuna, who is also the head of the Prof. Ngozi Egbuna International Center for Regional Integration and Trade Research (ICRITR) at the university, described the endowment as a call to action.

“This is a great responsibility and an exciting opportunity. We are poised to deliver a hands-on programme which integrates academics, practitioners, and policymakers,” Egbuna said.

She emphasised the center’s role in regional integration and trade capacity building, adding that the initiative would position Nigeria as a hub for trade research and development.

Egbuna said that the center would collaborate with global institutions, including other universities within the WTO Chairs Programme network, to ensure impactful research and policy outcomes.

She said the programme was a significant step toward trade policy formulation, academic development, and economic capacity building for Nigeria. (NAN)

Edited by Kamal Tayo Oropo

FG has sufficient budget for foreign, local debt obligations– DMO
Economy/Business

FG has sufficient budget for foreign, local debt obligations– DMO

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By Kadiri Abdulrahman

The Debt Management Office (DMO) has stated that the Federal Government has made adequate budgetary provisions to meet Nigeria’s foreign and local debt obligations.

The DMO disclosed this in a statement on Wednesday in Abuja.

According to the agency, Nigeria’s debt management practices align with relevant legislation, regulations, and international standards.

It noted that the country has consistently serviced its external and domestic debts promptly, enhancing the attractiveness of Federal Government securities to both foreign and local investors.

The DMO revealed the recent successful issuance of 2.2 billion dollars in Eurobonds on the international capital markets, which received subscriptions exceeding 9 billion dollars.

“Nigeria attracted a wide range of investors from multiple jurisdictions, including the UK, North America, Europe, Asia, the Middle East, and participation from Nigerian investors.

“It is an expression of continued investor confidence in the country’s sound macro-economic policy framework and prudent fiscal and monetary management.

“The transaction attracted a peak orderbook of more than nine billion dollars. This underscores the strong support for the transaction across geography and investor class,” it said.

The DMO explained that demand for the Eurobonds came from a mix of fund managers, insurance and pension funds, hedge funds, banks, and other financial institutions.

“In addition, one of the landmark achievements of the Eurobond is that it opened up opportunities for banks and other corporate entities in the Eurobond market,” it said.

The DMO added that the growing interest in FGN bonds, sukuk bonds, and other FGN securities reflects Nigeria’s adherence to best practices in debt management.

It assured stakeholders that sufficient provisions had been made in the Medium-Term Expenditure Framework (MTEF) and annual budgets to meet the country’s debt service obligations as they fall due.

It further stated that borrowing had enabled Nigeria to develop a robust domestic capital market, attracting substantial interest from both local and foreign investors.

Meanwhile, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said that the successful issuance of the Eurobonds signals increasing confidence in the government’s ongoing efforts to stabilise the Nigerian economy.

According to Edun, “The broad range of investor appetite to invest in our Eurobonds is encouraging as we continue to diversify our funding sources and deepen our engagement with the international capital markets.”

The Governor of the Central Bank of Nigeria, Yemi Cardoso, also commented on the development, stating that the outcome reflects growing investor confidence and the resilience of Nigeria’s credit.

“It is evident of our improved liquidity position and continued access to international markets to support the financing needs of the government,” Cardoso said. (NAN) www.nannews.ng

Edited by Sadiya Hamza

ICRC commits to strengthening Nigeria’s infrastructure framework in 2025
Economy/Business

ICRC commits to strengthening Nigeria’s infrastructure framework in 2025

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By Okeoghene Akubuike

The Infrastructure Concession Regulatory Commission (ICRC) says it is committed to strengthening Nigeria’s infrastructure framework in 2025.

Its Director-General (D-G), Dr Jobson Ewalefoh, made the commitment in a statement in Abuja on Tuesday.

Ewalefoh said the commission would deploy innovative financing models and harness private sector expertise to deliver projects that transform lives and drive economic resilience.

“As we celebrate the holiday season and prepare for a new year, I wish to extend warm greetings to our partners, stakeholders, and all Nigerians.

“This year has been transformative for the ICRC. Together, we have worked tirelessly to accelerate infrastructure development and bridge the nation’s infrastructure gap through innovative public-private partnerships (PPPs).

“As we look ahead to 2025, our vision is to solidify Nigeria’s infrastructure framework by deploying innovative financing models.

“Also by harnessing private-sector expertise to deliver projects that transform lives and drive economic resilience.”

The D-G said it was important to recognise and commend the visionary leadership of President Bola Tinubu, saying his unwavering dedication to delivering a new Nigeria had set the nation on a path of remarkable transformation.

“Under his administration, we are witnessing deliberate efforts to build a stronger economy, develop robust infrastructure, create meaningful jobs for our youth, and implement policies that foster inclusivity and sustainable development.

“President Tinubu’s forward-thinking initiatives have not only rekindled hope in Nigeria’s future but have also positioned the country as a beacon of progress in Africa.”

Ewalefoh said with the charge from the President, the commission under his leadership had achieved key milestones, including streamlining processes to deliver PPP approvals in record time.

He said the ICRC was also fostering inter-agency collaboration, and attracting private-sector investments to projects critical to national development.

The D-G said the commission had introduced reforms to ensure PPP projects deliver optimal value, strengthen investor confidence, and guarantee economic growth.

“On behalf of the ICRC, I thank you for your partnership and unwavering support since my appointment in July.

“Let us continue to work together to realise a future where infrastructure development uplifts every Nigerian.

“I extend my deepest gratitude to Mr President for the confidence reposed in me through my appointment as D-G.

“I assure him of my unwavering commitment to diligently execute my duties in alignment with his Renewed Hope Agenda, which is delivering uncommon transformation across Nigeria.

“Wishing you a joyous holiday season and a prosperous New Year.” (NAN) (www.nan news.ng)

Edited by Oluwafunke Ishola

FG lifts 5-year ban on mining exploration in Zamfara
Economy/Business

FG lifts 5-year ban on mining exploration in Zamfara

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By Martha Agas

The Federal Government has lifted the ban on mining exploration and other related activities in Zamfara, after five years.

The Minister of Solid Minerals Development, Dr Dele Alake disclosed this at a press briefing on Sunday in Abuja.

Alake said the move was made following significant improvement on the security situation in the state.

The News Agency of Nigeria (NAN) recalls  that the Federal Government banned all forms of mining activities in Zamfara in 2019, following alarming reports of banditry and its link to illegal mining.

Alake  said that insecurity in the state had been reduced to a manageable level to facilitate the operation of legitimate mining activities.

He said that reversing the ban would support efforts to boost the country’s economic profile, particularly as the state possessed critical minerals in commercial quantities needed for energy transition.

“The nation has a lot to gain from reawakened economic activities in a highly mineralised state like Zamfara that is imbued with vast Gold, Lithium, and Copper belts,” he said.

The minister explained that the ban had created a vacuum, which was exploited by illegal miners to rob the nation of its resources.

“The concomitant result was the colossal loss of revenue to the affected communities, local government, the state and the Federal Government as legitimate owners were forced to shut down operations,” he explained.

According to Alake, President Bola Tinubu is determined to address insecurity in the country by deploying intelligence-gathering and other security operations to neutralise merchants of insecurity

He stated that Tinubu’s strategy had led to the neutralisation of key bandit commanders, thereby significantly reducing incidents of insecurity across the nation.

“ A recent success was the capture of one of the most wanted bandit commanders, Halilu Sububu, in a covert operation in Zamfara.”

According to him,  the government is responsible for  protecting lives and property, and contingency plans have already been made to protect mining operators in Zamfara and other states.

He further explained that the strategies adopted to achieve the feat were increased intelligence gathering by relevant security agencies, who would work alongside the mining operators.

The minister stated that  lifting of the ban would also facilitate better regulation of mining activities in the state.

He added that the host communities would also benefit from the ban lift through the implementation of corporate social responsibility projects by the mining companies.

According  to him,  the move will ensure the country benefits from the state’s rich mineral resources, and the significant contributions of the sector to the nation’s Gross Domestic Product.

In another development, the minister explained the provisions of its Memorandum of Understanding(MOU) with France, on boosting mining in the country.

He reassured that the agreement does not imply Nigeria was relinquishing control over its mineral resources or entering into any military pact with France.

NAN recalls that the minister on Dec. 1,  announced an MOU with France to develop joint projects to promote and diversify the value chain of the critical minerals in the solid minerals sector of both countries.

The partnership is also to open opportunities for the remediation of more than 2,000 abandoned pits in the country through environmental rehabilitation and post-mining projects intervention plans.

“The high point of the MOU is on training and capacity building for our mining professionals.

“We need all the assistance we can get in terms of capacity, technical, and financial support from abroad, and that wasn’t even the first we are signing,” he said. (NAN)

Edited by Chioma Ugboma

FG partners NACCIMA for business growth
Economy/Business

FG partners NACCIMA for business growth

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By Rukayat Moisemhe

The Federal Government is partnering with the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) to address key economic challenges and foster business growth.

The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, said this during an interactive session with members of the organised private sector on Friday in Lagos.

Oduwole outlined her vision for supporting businesses through consistent policies, enhanced access to credit, and actionable measures aimed at reducing economic constraints.

“We have discussed critical issues such as inflation, high interest rates, and the urgent need for single-digit interest rates to boost productivity for businesses across the country.

“Smaller businesses and financial inclusion, especially for underserved sectors, were also central to our discussions,” Oduwole said.

The minister emphasised the government’s commitment to tackling market barriers, ensuring investment retention, and creating a thriving business environment.

“As a champion of investment retention, I have assured NACCIMA that businesses in Nigeria will not only thrive but also inspire confidence in foreign direct investors.

“This administration is steadfast in its dedication to policy consistency,” she said.

Oduwole also reiterated the importance of trade facilitation and implementing trade agreements to benefit Nigerian businesses domestically and internationally.

She emphasised that NACCIMA plays a pivotal role in ensuring compliance with trade rules and expanding market access for businesses.

On export diversification, Oduwole stressed the need to go beyond goods to include services, technology, and the creative sector.

She commended NACCIMA for promoting inclusivity through its support for women and youth entrepreneurs across its 72 chapters.

The minister assured that measurable reforms would commence by January 2025, affirming President Bola Tinubu’s commitment to ensuring prosperity.

She said, “NACCIMA is explicitly mentioned in my mandate, which underscores the importance this administration places on your concerns.”

Commenting, Mr Dele Oye, NACCIMA President, welcomed the partnership, describing the ministry as a crucial link between the government and the private sector.

“The Federal Ministry of Industry, Trade and Investment is vital to our operations, including trade fairs and certificates of origin.

“This collaboration will strengthen Nigeria’s position as a business hub and encourage both domestic and foreign investments,” Oye said.

Oye urged members to remain optimistic, restating the minister’s commitment to addressing policy challenges and creating opportunities.

“There’s a new wave of incentives and reforms on the horizon. I encourage our members to seize these opportunities and discourage emigration at a time when Nigeria’s business landscape is set for transformation,” Oye said. (NAN) (www.nannews.ng)

Edited by Oluwafunke Ishola

Crude for Naira swap deal has positive impact- Dangote
Economy/Business

Crude for Naira swap deal has positive impact- Dangote

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President of the Dangote Industries Limited, Aliko Dangote, has commended President Bola Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy.

 

Dangote said that the swap has led to reduction in prices of petroleum products in the country.

 

The News Agency of Nigeria (NAN) reports that Dangote recently reduced the price of petrol from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

 

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added.

 

NAN reports that the price has already commenced in Lagos, and its expected to be offered nationwide from Monday.

 

Dangote called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

 

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices.

 

“Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

 

The Federal Executive Council in September approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira.

 

The move, which commenced on Oct. 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

 

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.(NAN)

PR:

NBS commits to sustained collaboration with media, CSOs
Economy/Business

NBS commits to sustained collaboration with media, CSOs

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By Okeoghene Akubuike

The National Bureau of Statistics (NBS) says it is committed to sustained collaboration with the media and civil society for effective communication of statistical data.

Adeyemi Adeniran, Statistician-General of the Federation and CEO of the NBS said this at a Retreat for Journalists and Civil Society Organisations(CSOs) in Keffi on Friday.

Adeniran, who was represented by Dr Biyi Fafunmi, Director, Agric and Business Enterprise, NBS, said the media and CSOs played an indispensable role in national statistics production.

He said the media and CSOs served as a bridge between statistical agencies and the public.

Adeniran said the media served as both facilitators and disseminators, influencing the way statistical information was collected, interpreted, and communicated to the public.

“In reporting, we recognise you as a partner in progress; we urge you to be objective and patriotic in reporting our data as disseminated by NBS.

“By facilitating communication, promoting understanding, and fostering accountability, the media not only enhance the credibility and relevance of national statistics but also empower citizens to appraise more meaningfully with the data that shape their lives.

“As technology and media landscapes continue to evolve, the role of media in this context will continue to expand.

“This will require ongoing collaboration between NBS, the media, and innovation to ensure effective communication of statistical data for planning and development on sustainable bases”.

Adeniran commended the media and CSOs for their role in making NBS improve in data deliverables in spite of the challenges they encountered in their daily endeavours.

Mr Joel Ichedi, the Bureau’s Director of Communication and Public Relations, said the objective of the retreat was to equip journalists and CSOs with the knowledge and skills to effectively communicate statistics to the public.

“We recognise that the media and civil society play a critical role in shaping public discourse and holding institutions accountable.

“However, we also acknowledge that reporting on statistics can be complex and nuanced.

“This retreat aims to bridge the gap between data producers and data users, ensuring that statistical information is accurately conveyed to the public.

”Our team of experts will provide insights into the latest developments in statistics production, data sources, and methodologies”.

Ichedi emphasised the importance of collaboration to ensure statistical information was presented concisely and without bias, thus avoiding misinformation and enhancing public understanding.

Ewache Ajefu, Editor, Business Africa who spoke on behalf of the media, thanked the NBS for organising the retreat, adding that it should be sustained.

Johnny Emmanuel, National President, National Council for CSOs,  commended the NBS on its role in improving the economy and the country through its production of accurate and timely data.

Emmanuel stressed the need for collaboration between the media and civil society noting that CSOs could not achieve their mandate without the media.

NAN reports that there was a business session on Trends in  Development Journalism, Consumer Price Index and GDP Rebasing Update, and Compilation of Trade Statistics.

Other sessions include Methodology for Generating Labor Force Statistics in NBS and A Critical Appraisal of Statistical Reporting and Data Interpretation by Journalists. (NAN) (www.nannews.ng)

Edited by Yakubu Uba

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