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ECOWAS Takes Steps to Remove Bottlenecks in Palm Oil Industry in West Afric

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ECOWAS Takes Steps to Remove Bottlenecks in Palm Oil Industry in West Africa

By: Michael Mike

Economic Community of West African States (ECOWAS) has taken a step to boost the production of palm oil and its sales in the subregion with a convocation of the meeting of stakeholders to evolve strategies to end the bottlenecks of the industry.

Speaking at the Meeting of the Free Movement of Palm Oil under the ECOWAS Preferential Tariff Regime (ECOWAS Trade Liberalization Scheme, ETLS) in Abuja, the ECOWAS Commission’s Commissioner of Economic Affairs and Agriculture, Massandje Toure-Litse said the meeting has become inevitable to work out modalities for tackling challenges faced by stakeholders in palm oil industry in the subregion.

Toure-Litse said one of the challenges in palm oil trading in the region was taxation, adding that ECOWAS ETLS had eradicated tariffs in business transactions within the region.

She said: “Some products will go to some countries and the countries will ask them to pay tariffs when we know that under ECOWAS law, goods produced in our region should be free of tax.

“We have invited all the countries to come and have a discussion to solve the issues in the commercialisation of palm oil in the region. The countries invited are Ivory Coast, Togo, Benin, Nigeria, Ghana and Liberia.”

On his part, the ECOWAS Commission’s Director of Customs, Union and Taxation, Salifou Tiemtore, while lamenting that West African countries are not producing enough palm oil to meet members’ needs, said there is urgent need to increase production and ensure that bottlenecks affecting the industry are removed.

Tiemtore said: “Let me tell you the truth, till now, with the statistics we have, we still need to import palm oil. What we are producing is not enough for our own consumption.

“If you take a country like Nigeria, it has the capacity to double its production in terms of palm oil but we need to put in place some incentives so that through ECOWAS ETLS Nigeria can cover the Nigerian market and also go beyond the Nigerian market.”

He said the region has the potential to meet the needs of member states if support were given to entrepreneurs to expand production and take advantage of the ECOWAS ETLS.

In his address of welcome, the Head of the ECOWAS National Unit at the Ministry of Foreign Affairs, Ambassador Yakubu Dadu, said despite the remarkable success of the ETLS, “we find ourselves facing challenges within the pivotal palm oil sector.

“The cross-border movement of palm oil has encountered origin-related disagreements among Member States, posing a threat to the sector’s stability and growth potential.

“It is in recognition of these challenges that we have gathered here today, united by a shared commitment to have frank discussions that would strengthen and protect the palm oil sector, ensuring its resilience against external competition.”

The meeting is a platform for conversation with palm oil-producing countries and industry stakeholders to establish measurable metric thresholds based on the production capacity of palm oil, taking into account the economic conditions of ECOWAS Member States.

“We will delve into discussions on palm oil production capacity in the region, analyze import and export data, identify and understand the challenges faced by the sector under the ETLS, and collectively propose lasting solutions to address these challenges,” he said.

ECOWAS Takes Steps to Remove Bottlenecks in Palm Oil Industry in West Africa

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Gombe Govt restates commitment to MSMEs growth

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Gombe Govt restates commitment to MSMEs growth

The Gombe State Government, on Friday engaged stakeholders in the finance sector towards easing access to credit and ensuring the growth of Micro, Small and Medium Enterprises (MSMEs) in the state.

Malam Muhammad Magaji, the state’s Commissioner of Finance and Economic Development stated this in Gombe while declaring open the State Action on Business Enabling Reforms (SABER) Programme, themed: “Guide to Access Credit”.

Magaji said that the meeting was aimed at creating an environment conducive for business growth by removing the bottlenecks around accessing finance.

He said that the administration of Gov. Inuwa Yahaya of Gombe State has prioritised the development of businesses and industries to drive economic prosperity for the state, create jobs and improve the wellbeing of residents.

Magaji who was represented by Mr Jalo Ibrahim, the Permanent Secretary, Ministry of Finance and Economic Development said that the state is now more deliberate in supporting small business owners to grow.

According to him, Yahaya-led administration’s commitment to MSMEs growth is to ensure inclusive growth of the economy in view of the role of such small businesses to economic transformation.

“We are engaging the financial institutions and relevant stakeholders to see how we can remove the barriers affecting access to credit to SMEs in the state.

“This is part of the current administration’s commitment to strengthening access to loan facilities that would give life to small businesses and help more youths start up businesses.

“We are very committed as a government to see to it that we provide all the needed supports to make doing business in Gombe State easy.

“Government will inject more money into the system to serve as collateral for business owners and also serve as guarantor to those who are willing to access finance,” he said.

On his part, Alhaji Nasiru Aliyu the Commissioner for Trade, Industry, and Tourism,
Gombe State restated the state government’s commitment to industrialising the state and attracting investors.

Aliyu said that Yahaya’s administration had invested a lot to boost industrial growth and turn the state into the industrial and evonomic hub of North East.

Mr Kabiru Tsoho, the SABER focal person for Gombe State said that the SABER Programme is a World-Bank project aimed at easing businesses towards accelerating the growth of the economic sector.

Tsoho said the engagement would help remove impediments to accessing finance and encouraging business growth.

“This will help improve business environment and encourage investment which would provide more opportunities for jobs to be created and for economic empowerment of women and youths,” he said.

Mr Sanusi Abdullahi, Chairman, Traders Association of Nigeria, Gombe State chapter commended the initiative by the state government and World Bank to make doing business easy.

Abdullahi said with improved access to loans, there would be more youth employment and improvement in the standard of living of residents of the state.

Gombe Govt restates commitment to MSMEs growth

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Troops arrest gunrunner, recover arms, ammunition in Plateau

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Troops arrest gunrunner, recover arms, ammunition in Plateau

By: Zagazola Makama

Troops of 3 Division of the Nigerian Army under Operation Joint Task Force, Operation Enduring Peace (OP Enduring Peace), have arrested a suspected gunrunner and recovered arms and ammunition in Bokkos and Mangu Local Government Areas of Plateau State.

The operations, conducted on Thursday, were part of ongoing efforts to mop up illicit arms and ensure a peaceful yuletide season within the Joint Operations Area, military sources said.

In the early hours of the day, troops, in conjunction with operatives of the Department of State Services (DSS), raided a suspected criminal hideout at Gwender Village in Bokkos Local Government Area, following intelligence reports.

Although the suspects reportedly fled before the arrival of the troops, a search of the hideout led to the recovery of one fabricated AK-47 rifle with a magazine, one fabricated pistol and several rounds of ammunition of different calibres.

In a related operation, troops working with a DSS Tactical Team mounted a snap checkpoint at Mairana in Mangu Local Government Area, based on credible intelligence.

During the operation, a Fulani youth was intercepted and arrested while in possession of two boxes of ammunition containing 1,400 rounds of 7.62mm special ammunition.

The suspect and the recovered items are currently in custody for further investigation, while troops have intensified follow-up operations to apprehend other members of the suspected criminal syndicate.

The military reiterated its commitment to sustaining pressure on criminal elements to ensure peace and security across Plateau State and the wider Joint Operations Area.

Troops arrest gunrunner, recover arms, ammunition in Plateau

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Zulum disburses N1bn, trains 1,050 youths on GSM repairs

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Zulum disburses N1bn, trains 1,050 youths on GSM repairs

By: Our Reporter

Borno State Governor, Prof. Babagana Umara Zulum, has launched an empowerment package worth N1,000,000,000 targeting thousands of young residents, mostly GSM repairers and technicians.

The initiative targets 1,050 youths who will be trained on phone repairs and maintenance;  about 3,000 other apprentices will receive cash.

Each of them will receive a complete set of modern working tools, including an 852D hot air rework station, a separating machine Kc2025, a battery booster S2025 pro, an adjustable temperature soldering iron V900c, a digital multimeter DT9205Plus and a precision screw driver set 60 in 1, to enhance their own repair businesses.

In addition to the tools, all 1,050 GSM repair trainees will receive direct cash support to serve as seed capital for their ventures.

The disbursement comprises four categories: the first group, consisting of 26 beneficiaries each receiving N1 million; the second group, 189 beneficiaries each receiving N300,000; the third group, 835 beneficiaries each receiving N100,000; and the fourth category, 3,500 apprentices, each receiving N100,000 and different calibres of working tools. The training cost is N482 million.

Speaking during the launching ceremony, Zulum said: “It gives me immense pleasure and a deep sense of fulfilment to stand before you today on this historic occasion—the official launch of the disbursement of N1 billion empowerment scheme alongside the training of operators at the GSM Market here in Maiduguri.”

The governor also recalled several initiatives by his administration on investment in human capital development.

He said, “Only recently, this administration took a bold and visionary step by sponsoring two hundred youths to study aircraft piloting and aeronautic engineering at Isaac Balami University. 

“This initiative is designed to place Borno State on the global aviation map and demonstrate that, despite our challenges, we are preparing our youths for world-class opportunities. The process is almost completed.

“So far so good, about 400 Borno state indigenes are pursuing PhDs and master’s degrees abroad. In addition, 100 of our youths are currently studying Medicine and related courses in China.”

The occasion was attended by the senator representing Borno Central, Barrister Kaka Shehu Lawan; members of the House of Representatives; the deputy speaker of the Borno State House of Assembly, Engr Abdullahi Askira; commissioners and senior government officials.

Zulum disburses N1bn, trains 1,050 youths on GSM repairs

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