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Nigeria-Saudi Chamber of Commerce Will Deepen Countries’ Relations – Minister

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BY ALIMOTU SHADIA

The Minister of Information and Culture, Alhaji Lai Mohammed, has said the establishment of the Nigeria-Saudi Arabia Chamber of commerce, Industry, Mines and Agriculture will deepen the relations between the two countries beyond diplomatic ties to commerce and industry.

The Minister made the remarks in Abuja on Thursday when he received the President of the newly-established Chamber, Engr. Ibrahim Usman, on a courtesy visit.

“Clearly from your presentation, it’s clear that the major objective is to change the narrative and ensure that the relations between Saudi
Arabia and Nigeria should not be seen just from the narrow prism of Hajj and Umrah pilgrimage, but from the prism of two very important
nations of the world creating a bridge through better cooperation for the two countries and their citizens,” he said.

Alhaji Mohammed described the Chamber as a clearing house for proposals from business people from the two countries in order to open
new vistas for trade opportunities.

He said the absence of such a Chamber has led to the decline in the volume of trade and also bred trust deficit between business people
from the two countries.

“The absence of this vehicle has led to loss of businesses between the two countries and it has also aggravated the trust deficit between
them,” he said.

The Minister congratulated Engr. Usman for his doggedness in making the establishment of the Chamber a reality, after over 10 years of
strenuous efforts, saying he has proven himself as a man of vision and deep conviction.

In his remarks, Engr. Usman said in spite of the historical relationship between Nigeria and Saudi Arabia, the volume of trade between the two countries is about $5 million.

“And whereas many Saudi investors are looking out for profitable investment windows in friendly countries like Nigeria, our businesses have been unable to capitalize on such opportunities due to lack of an organized, reliable, safe and very secure private sector platform like a Chamber of Commerce,” he said.

He said a 60-member inter-ministerial delegation from Saudi Arabia will be in Nigeria next week for the second session of the Nigeria-Saudi Arabia Joint Commission, which will further create opportunities for the chamber to set up trade missions.

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World Malaria Day: LAWMA Boss Makes Case for Clean Environment

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The Managing Director/CEO of the Lagos Waste Management Authority (LAWMA), Dr. Muyiwa Gbadegesin, has underscored the importance of maintaining a clean environment, to combat the spread of malaria.

He said this in a statement marking this year’s World Malaria Day, themed: ‘Accelerating the fight against malaria for a more equitable world’.

The World Health Organization (WHO), had noted that approximately 249 million cases of malaria were reported worldwide in 2022, with an estimated 608,000 deaths, occurring mostly in tropical and sub-tropical regions, and remaining a major global challenge.

He said that while malaria was primarily transmitted through the bite of infected mosquitoes, the prevalence and severity of the disease could be significantly reduced through preventive measures, anchored on a clean environment, as one of the most effective strategies.

According to him, “In the fight against malaria, prevention is key. One of the most effective preventive measures is to eliminate mosquito breeding sites by ensuring a clean and hygienic environment. Mosquitoes breed in stagnant water, waste dumps, and other unhygienic areas. By keeping our homes and surroundings clean, we can significantly reduce mosquito population and consequently, the transmission of malaria.”

Gbadegesin urged residents to actively participate in efforts to maintain a clean environment, by shunning indiscriminate refuse disposal, cleaning their surroundings, and patronising assigned PSP operators, adding that individual actions could have a significant impact on public health outcomes.

“Each of us has a responsibility to keep our surroundings clean. By properly disposing of waste, eliminating stagnant water, and adopting good sanitation practices, we can protect ourselves and our communities from the devastating effects of malaria”, he stressed.

The LAWMA boss reaffirmed the authority’s commitment to promoting environmental cleanliness and public health, with effective collection, transportation, and disposal of solid waste across the state, while also implementing educational campaigns to raise awareness about the importance of environmental hygiene.

“As the world marks World Malaria Day, I want to reassure residents of LAWMA’s total commitment to promoting environmental sustainability and public health. Through collaborative efforts between government agencies, communities, and individuals, a cleaner and healthier environment can be achieved, leading to a significant reduction in the burden of malaria and other vector-borne diseases”, he stressed.

For more information about LAWMA’s initiatives and how to support efforts to maintain a clean environment, please visit www.lawma.gov.ng or call our toll-free numbers: 080000LAWMA (08000052962), 07080601020 and 617.

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NiMet And NIRSAL Plc To Collaborate And Boost Agricultural Productivity In Nigeria

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AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H

The Nigerian Meteorological Agency (NiMet), and the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) have announced that they will collaborate on several projects to boost agricultural productivity in Nigeria.

This followed a meeting in Abuja on Wednesday, 14th February, 2024, at NIRSAL Plc’s headquarters, between the Director General and Chief Executive Officer of NiMet, Professor Charles Anosike, and the Managing Director and Chief Executive Officer of NIRSAL, Abbas Umar Masanawa, OON.

While speaking at the meeting, Professor Anosike said; “The urgency of climate action requires that critical stakeholders collaborate, invest in preparedness and ensure that smallholder farmers are protected by early warnings of climate disaster. NiMet is keen on exploring opportunities for both NiMet and NIRSAL to partner in de-risking agriculture. With the work that NiMet does and the data it generates on a daily basis, this will help farmers to plan effectively and efficiently”.

Concluding, Professor Anosike said; “Climate change impacts greatly on farming activities and agricultural yield, hence the need for data-driven farming operations. This will help to de-risk the agricultural value chain”.

While welcoming the NiMet team led by Professor Anosike to NIRSAL, the Managing Director/CEO, Abbas Umar Masanawa, OON, said that NiMet has done well over the years not only in the aviation sector but also in the other economic sectors including agriculture. “The DG/CEO of NiMet, Professor Charles Anosike and his team have been doing very well not only in aviation but in agriculture as well. NIRSAL is interested in collaborating with them to support small holder farmers for increased productivity. This is in line with NIRSAL’s mandate”.

Masanawa said that collaborating with NiMet is critical as the focus will be on increasing primary production. “This will be beneficial to all as the farmers are the ones that are most vulnerable. We are also happy that NiMeT downscales its weather and climate data and information in different local Nigerian languages for wider reach and understanding”.

“A technical committee will be set up for the benefit of Nigerians and small holder farmers, drawn from experts from NiMet and NIRSAL to operationalize quickly the various areas of interest including but not limited to training, data sharing, setting up weather stations etc”, Masanawa concluded.

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AfCFTA: NCDMB Advocates Database of Skills, Uniform Standards for Goods, Services

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AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H

As plans to implement the African Continental Free Trade Agreement (AfCFTA) continue to unfold, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated the removal of visa restrictions among African nations, the creation of a database of available skills, and the simplification of cross border deployment of labour.


The Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe made these recommendations in the keynote address he delivered on Monday in Lagos at the Nigerian Local Content AfCFTA Energy Summit organised by the Board in partnership with the Petroleum Technology Association of Nigeria (PETAN).


Represented by the Director of Corporate Services, NCDMB, Dr. Ama Ikuru, the Executive Secretary harped on the need to unlock barriers that are inhibiting free intra-Africa trade and advised African leaders to create unified codes and standards for goods and services, reform the services sector, and enhance trade facilitation programmes.


He assured that the NCDMB will continue to partner with stakeholders such as PETAN, the African Petroleum Producers Organisation (APPO), and other continental and regional bodies to position Nigerian oil service providers to take advantage of the big market opportunities that AfCFTA offers.


In his contribution, the Director of Monitoring and Evaluation, NCDMB, Mr, Abdulmalik Halilu urged oil-producing countries to specialise in different manufacturing and service areas of the oil and gas industry and develop their competencies to the right specifications, so they can trade among themselves.


Citing an example with the manufacturing of complex equipment where the critical components are produced by different original equipment manufacturers (OEMs) and assembled at a designated factory, Halilu explained that such a model will ensure that each African country develops a competitive advantage and can contribute effectively to the African oil and gas industry.


He mentioned that Nigeria had already completed two Oil and Gas Parks where manufactured components or services can be assembled at competitive costs. He stressed the need for close collaboration among African oil-producing countries as well as between African OEMs to enable the success of AfCFTA.

He listed other critical factors as trade liberalisation, uniform standards, measurements, and enforcement tools.
The Secretary General of the African Petroleum Producers Organisation (APPO), Dr. Omar Farouk Ibrahim, while making his comments, advocated for synergy among African countries, hinting that no African oil-producing country can provide the financial, technological, and marketing resources that it needs to be self-sufficient. He added that “if resources are pooled together, African countries can go far”.


He advised Nigerian oil and gas companies to be diplomatic when engaging their counterparts from other African countries and to coopt other nationals when planning to operate in foreign jurisdictions.


He said: “You need to have diverse shareholding and include nationals from other countries when you move to other African countries to operate. Do not create the impression that you want to dominate.”


The APPO Scribe announced that the African Energy Bank will start operations in 2024 and would have $5bn capitalization and the 18 member nations of APPO have started paying up their shareholding, which is $83m per country. He affirmed that the African Energy Bank would be a veritable platform to fund oil and gas projects within the continent and mitigate the withdrawal of international financiers because of the clamour for renewable energy.


He also confirmed that APPO was working to establish international research centres of excellence in different regions of the continent, which would cater to the research needs of oil companies operating in Africa and curb their dependence on international research centres for research solutions.


He stated that APPO is working to enhance the market for African oil and gas resources and ensure that crude oil and gas resources that are produced in Africa get consumed within the African continent. This is important because of the threat of energy transition, which is expected to substantially shrink the demand for crude oil and gas resources internationally, he said.

Another important and related action is the construction of a continent-wide pipeline system that could convey crude oil, refined products, and gas across different countries of the continent, he said.


Speaking at a panel session at the summit, the Director of Finance and Personnel Development, NCDMB, Dr. Obinna Ofili expressed worry over the financing prospects of some key initiatives of the African Continental Free Trade Agreement (AfCFTA). He equally observed that the ongoing geopolitical conflicts were affecting the inflow of international funding into the African oil and gas industry.


He recommended that APPO should develop a financial strategy for its strategic plans and should mobilize funds from different sources, including from international financiers. He also advised other African oil-producing countries to set up a financing programme like the Nigerian Content Intervention Fund (NCI Fund), to support the growth of their local supply chain.

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