National News

EU, British Council Build CSOs Compliance to Regulatory Frameworks

Published

3 years ago

April 25, 2022

News Net Global

EU, British Council Build CSOs Compliance to Regulatory Frameworks

By: Michael Mike

The European Union and the British Council are building compliance of Civil Society Organisations (CSOs) in the country on regulatory frameworks.

Speaking at a workshop organized in Abuja to build the compliance of CSOs on regulatory frameworks, the Component 2 Manager of the European Union Agent for Citizen-driven Transformation (EU-ACT), Idem Udoekong, said the training which is beginning with CSOs/Networks/CBOs in the FCT (Abuja), would be extended to Lagos, Sokoto, Kano, Rivers, Edo, Adamawa, Enugu, Plateau and Borno States.

He noted that it would be extended to all states in the country through partners and higher institutions.

Udoekong while revealing that the training is sponsored by the European Union and British Council, noted that the issue of poor compliance of Civil Society Organisations (CSOs) on regulatory framework is attributable to lack of the requisite knowledge and information on regulations.

He noted that: “The issue of poor compliance of CSOs to existing civil society regulations can be attributed to so many factors including CSOs lack of the requisite knowledge and information about these regulations and how to go about such compliance. This assertion was reinforced by the outcome of the survey conducted by EU-ACT programme in March 2021 to establish the current levels of compliance with legal frameworks amongst its supported CSOs/Networks/CBOs in the FCT (Abuja), Lagos, Sokoto, Kano, Rivers, Edo, Adamawa, Enugu, Plateau and Borno States.

“The survey findings, for instance, indicated that out of the 119 CSOs’ responses that were processed, less than a third of the CSOs were compliant with the CAMA law, less than 10% of the CSOs were fully tax compliant and only 14% of the CSOs were SCUML compliant. And yet, compliance to regulatory frameworks is paramount to sustaining and strengthening civil society organisations.”

He said: “It was on this note that the Programme is organising trainings for its partner CSOs/Networks/CBOs across the aforementioned 10 focal states to improve CSOs’ awareness of the important regulations (CAMA, Taxation, Anti-Terrorism and Money Laundering, and Pension) and how they affect their operation; capacitate them on how to become effective in their compliance obligation to these regulations; as well as improve their compliance to them.”

He said working in partnership with relevant regulatory agencies, Corporate Affairs Commission (CAC), Federal Inland Revenues Service (FIRS), Special Control Unit Against Money Laundering (SCUML) and Pension Commission (PenCom), the training would enable EU-ACT CSO partners to gain in depth knowledge of the requirement of the laws/regulations as well as receive continuous guidance on how to effectively and efficiently meet these requirements, noting that: “Representatives of these regulatory agencies would participate (in-person) in the trainings to provide technical inputs as well as address any compliance issues participant organisations might have.”

Udoekong, while noting that compliant to regulatory framework is paramount to sustaining and strengthening CSOs and keep them out of trouble, said: “This help to sustain the organisation as if you do not comply with the law, it may create room for abuse of the system, so regulations helps credibility in organisation as they always advocate for change and reform. They also need to be credible enough to fight the cause as research shows low compliance of CSOs to regulations.

Also Read: Group tasks Govt. on women empowerment for economic growth

“This low compliance is because they do not understand what they have to do. For example filing annual returns for companies in allied matters act. We expect them to have better knowledge of the law and comply the more, we want to see the level of compliance go up as a result of this training, which will be ten rounds of training around marked states, then the states networks.”

The lead resource person at the training, Prof. Adedeji Adekunle in his address reiterated that compliance to regulation is knowledge-driven, noting that sometimes organisations do not know what to do at times and people are scared of meeting regulations which sometimes indicate they have something to hide.

He said: “These regulations if not adhered to have penalties.”

On his part, the Special Assistant to the Registrar General/CEO, Corporate Affairs Commission (CAC), Terver Ayua-Jor stated the need to deepen the knowledge on compliance and how it will benefit the regulator and those who are regulated.

Ayuba-Tor while noting that though so far the compliance level is encouraging, admitted that more education need to be done.

He said: “Some of these CSOs are not shying from compliance but sometime they have issues on how the best can be achieved so the office of the CAC is here to through more light on how it can be done in a seamless manner. Registration is a two way traffic, we expect that entities should comply with requirements of the registration as this is the way the commission can regulate CSO.”

One of the participants,James Ugochukwu of African Centre for Enterprenuership Information and Development, said the CSOs complement activities of the government, but lamented that over regulation of the space will be shutting the door to more person engaging in civil activities.

He said: “Persons come into CSOs to help solve a concern that people suffer. What we expect the government to do is to make the space safer for more persons to engage not to create stringent laws, like these laws are shrinking the CSOs space, these laws most times do not work positively. They are over regulating the activities of the CSOs.”

EU, British Council Build CSOs Compliance to Regulatory Frameworks

National News

ECOWAS Moves to Solidify Movement Across West African Countries, Inaugurates EU-funded Programme on Migration

Published

3 days ago

February 20, 2025

Ochuwa Ibrahim

ECOWAS Moves to Solidify Movement Across West African Countries, Inaugurates EU-funded Programme on Migration

By: Michael Mike

The Economic Community of West African States (ECOWAS) Commission is consolidating movement of citizens of West Africa by inaugurating the second phase of the European Union (EU) funded project “Support to Free Movement of Persons and Migration in West Africa (FMM II)” to advance economic growth.

Vice-President of the ECOWAS Commission, Mrs Damtien Tchintchibidja reiterated the commitment of economic blog to ensure free movement and encourage commerce and economic development in the sub region at the inauguration of the FMM II in Abuja on Thursday.

The event was organised by the International Organisation for Migration (IOM), in partnership with the International Labour Organisation (ILO), International Centre for Migration Policy Development (ICMPD) and the ECOWAS Commission.

The vice-president explained that the FMM is designed to promote the free protocol and movement of persons, goods and services, as vision of ECOWAS for regional integration.

According to her, the initiative would demonstrate renewed commitment to ensure migration governance and regional mobility serve as pillars of development within the sub-region.

Tchintchibidja added that: “During the first phase of the project, we made significant progress in enhancing migration governance, strengthening boarder management and operational license to drive the free protocols.

“We reinforced migration governance, harmonised policies, strengthened border management systems, facilitation of labour mobility and supporting member states in aligning national policies with ECOWAS migration instruments.

“These achievements played key roles in enhancing regional security and economic mobility within our region, however, our work is far from over, benefits of migration must be fully harnessed.

“This requires structured, coordinated approach both at national and regional levels; we are optimistic FMM II will serve as vehicle towards addressing new-migration challenges, while capitalising on emerging opportunities.

“The FMM II will enhance mobility across borders in safe and orderly manner, through specific efforts to ascertain migration governance framework, enhance coordination mechanism, data driven policy making and integrated approaches.”

She stressed the need for collaborative efforts to ensure that migration contribute positively to economic growth, stability and social-coercion in the ECOWAS region.

Speaking at the event, the Head of Cooperation of the European Union (EU), Mr Massimo De Luka, said the five-year project aims to maximise development potential of free movement of persons and migration in West Africa.

He noted that the project would be achieved through support of the effective implementation of the ECOWAS Free Movement of Persons Protocol and the ECOWAS Common Approach to Migration.

He said: “The basis for cooperation and coordination on improving free movement of persons and migration in West Africa has been established.

“The second phase will deepen the cooperation in enhancing migration governance and at the same time commit to regional integration.”

Meanwhile, the Commissioner for Economic Affairs and Agriculture, Massandjé Toure-Litse commended the milestones achieved during the first phase to be in line with ECOWAS mission.

Toure-Litse was represented by Mr Albert Siaw-Boateng, Director, Free Movement of Persons of ECOWAS Commission/Project Coordinator, West Africa Unique Identification for Regional Integration and Inclusion (WURI).

Toure-Litse said, “This milestone reaffirms our collective commitment to regional integration, migration governance and sustainable development, which are core principles that underscores the ECOWAS mission.”

ECOWAS Moves to Solidify Movement Across West African Countries, Inaugurates EU-funded Programme on Migration

National News

FG Moves To Fast Track MSMEs Growth, Sets Up C’ttee To Enhance Financing

Published

5 days ago

February 18, 2025

Ochuwa Ibrahim

FG Moves To Fast Track MSMEs Growth, Sets Up C’ttee To Enhance Financing

** We’ll be more deliberate in supporting small business owners to grow – VP Shettima

By: Our Reporter

The Vice President, Senator Kashim Shettima, has said that the federal government, working in collaboration with other stakeholders, will be more deliberate in ensuring growth in the Micro, Small and Medium Enterprises (MSMEs) space in Nigeria.

To this end, the National Council on Micro, Small and Medium Enterprises (MSMEs) has set up a committee to interface with the Central Bank of Nigeria to enhance the financing of small businesses in the country.

This was part of decisions taken on Tuesday at the first meeting of the National Council on MSMEs for 2025 held at the Presidential Villa, Abuja.

Speaking after deliberations by members, Vice President Shettima said the federal government, through its agencies and partners, has the moral burden of supporting growth in the MSME space and facilitating job creation across different sectors for Nigerians.

Reeling out the mandate of the committee, the Vice President said the efforts of the administration of President Bola Ahmed Tinubu in supporting small businesses, evident in important policies and programmes, need to be complemented by stakeholders, especially the private sector.

The committee headed by the Minister of State for Industry, Trade and Investment, Sen. John Enoh, has Ministers of Science and Technology; Women Affairs; Minister of State for Agriculture and Food Security and the Senior Special Assistant to the President on MSMEs as members.

Others include the CEOs of Bank of Industry, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bank of Agriculture (BOI), Nigeria Export-Import Bank (NEXIM Bank), Development Bank of Nigeria (DBN), Corporate Affairs Commission (CAC), Nigerian Investment Promotion Commission (NIPC), Nigerian Export Promotion Council (NEPC), and the representative of NACCIMA and the organized private sector.

In the same vein, Council also approved a loan scheme for MSMEs known as the syndicated de-risked loans for small businesses.

The scheme will be a partnership between state governments and financial institutions aimed at enhancing access to finance for MSMEs at single-digit rates across the country.

Vice President Shettima advised state governments to set up vehicles that are devoid of political interests to drive the implementation of the syndicated de-risked loans for the MSMEs scheme.

“Some of these initiatives are laudable and will need to outlive the present administrations in the States. Regardless of political affiliations, Nigerians must be seen to be the ultimate beneficiaries of these schemes that we are trying to put in place,” the VP stated.

Earlier, the Senior Special Assistant to the President on MSMEs, Mr Temitola Adekunle-Johnson, presented the ‘syndicated de-risked loans’ scheme for small businesses, seeking the cooperation of members and describing it as a game-changing programme to provide affordable and available loans for businesses.

He said the initiative is in acknowledgement of the President’s passion and commitment to the development of small businesses and aimed at providing more jobs for Nigerians.

In his presentation on the state of MSMEs in Nigeria, the DG SMEDAN, Mr Charles Odii, said the agency was proposing an initiative which was born from a 3-day MSME conference held in 2024.

He said the initiative known as the GROW Nigeria strategy is to provide guidance, resources, opportunities, and the workforce to support the about 40 million small businesses across 8 distinct sectors.

Present at the meeting were the Deputy Governor of Enugu State, Mr Ifeanyi Ossai; the representatives of the Governors of Benue and Katsina States; the Minister of State for Industry, Trade and Investment, Sen. John Enoh; Ministers of Science and Technology, Mr Uche Nnaji; Women Affairs, Hajiya Imaan Sulaiman-Ibrahim; Minister of State for Agriculture and Food Security, Sen. Aliyu Abdullahi; representative of the Governor of Central Bank of Nigeria.

Others are the CEOs of Bank of Industry (BOI), Bank of Agriculture (BOA), Nigeria Export-Import Bank (NEXIM Bank), Development Bank of Nigeria (DBN), Corporate Affairs Commission (CAC), Nigerian Investment Promotion Commission (NIPC), Nigerian Export Promotion Council (NEPC), NAFDAC, Standards Organisation of Nigeria (SON); National Bureau of Statistics (NBS); the Presidents of NACCIMA and National Association of Small and Medium Enterprises (NASME).

FG Moves To Fast Track MSMEs Growth, Sets Up C’ttee To Enhance Financing

National News

Akume Insists Tinubu Means Well for the Nation

Published

6 days ago

February 17, 2025

Ochuwa Ibrahim

Akume Insists Tinubu Means Well for the Nation

By: Michael Mike

Secretary to the Government of the Federation, Sen.George Akume has said President Bola Tinubu means well for the nation, pledging to continue to work hard to support the Nigerian leader to achieve his many laudable programmes and vision for the country.

Akume made the promise at the weekend when he was decorated as “Star Associate of President Tinubu,” and Grand Patron of the Nationwide Tinubu Connect Associates (NTCA),

The Secretary to the Government of the Federation, made the declaration while he was decorated as “Star Associate of President Tinubu” by the National Co-ordinator/President of the Nationwide Tinubu Connect Associates (NTCA), Hon. Henry Nwabueze, who led a delegation of leaders of the Movement to the SGF ‘s office at the weekend in Abuja.

Akume pledged to continue to support the policies of President Bola Tinubu in his quest to make Nigeria safe and economically viable again.

He also pledged to continue to work hard to support the Nigerian leader to achieve his many laudable programmes and vision for the country.

Nwabueze, on his part said Sen. Akume has given so much in service to Nigeria and in support for the Tinubu Administration that he became the best choice for the position of the Movement’s Grand Patron and the first to receive the award of “Star Associate of President Tinubu,” an award intended for those in diverse fields of endeavour whose very efforts are promoting the vision of Mr. President for a better Nigeria.

According to Nwabueze, a former President of the National Youth Council of Nigeria (NYCN) and distinguished Delegate at the 2014 Justice Kutigi Nigerian National Conference initiated by the Jonathan Administration, Sen. Akume represents the Tinubu Administration’s efforts aimed at injecting competence, maturity as well as discipline and hard work in public governance, and thanked the SGF for accepting the two honours, revealing that in the weeks ahead Nigerians would see the advocacy campaigns of the Movement in support of President Tinubu’s efforts at repositioning the country.

He reiterated the advice to Nigerian politicians that anyone who is wishing to contest for the Office of President in 2027 should have a rethink, stressing that there will be no vacancy in Aso Rock Villa in that year.

Nwabueze added that: “The occasion today is a very short one and, therefore, does not require long speeches.

“Let me start by conveying the appreciation of the entire membership of the Nationwide Tinubu Connect Associates (NTCA), both at home and in the Diaspora, all who have unanimously agreed that the man that has been chosen as our Grand Patron more than fits the bill.

“For several years, even before some of us were born,His Excellency, Distinguished Senator (Dr.) George Akume,CFR,has continued to serve this nation in diverse capacities.

“Whether as Permanent Secretary or Governor in his native State of Benue, Sen.(Dr.) Akume has for over fifty odd years held the flag of service and servant-leadership that has produced men and women of consummate repute and honour.

“Whether as Senator, Minister or even Secretary to the Government of the Federation,Sen.(Dr.) Akume’s place in the annals of history of our great nation remains one of honour well-deserved and laurels perpetually treasured.

“So, as we stand here today to decorate him as our Grand Patron and Star Associate of President Tinubu,the first in our list for such Honours,we are merely giving expression to what those who came before us saw to enlist him in the Benue Plateau Civil Service of his day,to make him Permanent Secretary in the Benue State Civil Service many years later,to make him Governor,to make him Senator, Minister and, today, Secretary to the Government of the Federation (SGF).

“On behalf of the National Executive Council and, indeed,the General Congress of the Nationwide Tinubu Connect Associates at home and abroad, I, Uche Henry Nwabueze, with the powers tacitly conferred on me by the Constitution of our Organisation, and in the name of the Most High God… Decorate you as Grand Patron of NTCA and as a Star Associate of President Bola Ahmed Tinubu.

“Your Excellency, the SGF is by this decoration welcomed to function in this capacity with all the rights and privileges attached thereto.

“Accept our humble congratulations,Your Excellency, our Grand Patron,”

The Nationwide Tinubu Connect Associates( aka: No Vacancy in Aso Rock 2027) is a registered group of like-minded Nigerians at home and in the Diaspora,who are committed to the promotion of the laudable efforts and programmes of the Tinubu Administration to repositioning Nigeria for greatness

The Movement has membership in all the States of the Federation and the 774 Local Government Councils.

Akume Insists Tinubu Means Well for the Nation