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Ghana, Nigeria to invest in non-oil sector- Envoy

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Ghana, Nigeria to invest in non-oil sector- Envoy

Ghana, Nigeria to invest in non-oil sector- Envoy

By: Michael Mike

The Ghana High Commissioner to Nigeria, Ambassador Rashid Bawa on Thursday revealed plans by his country and Nigeria to partner in area of non-oil sector.

The Envoy stated this at the 2022 Ghana Nigeria Business Council CEO Forum in Abuja.

Bawa said the latest partnership between the two countries would extend to the agricultural sector such as cassava and ginger production.

He said: “This is the first Ghana Business Council Meeting. We are looking at various areas of cooperation. There have been series of meetings in the last few days. We are looking at the non-oil sector; in the area of cassava and ginger production.” 

 Bawa, while noting that the relationship between Nigeria and Ghana have been for ages, said: “It is difficult to put a finger on the number of Nigerians visiting Ghana for various reasons daily, and vice versa.”

He added that: “However, according to a report published by the US Department of Economic and Social Studies in 2019, there were more Ghanian residents in Nigeria than any other country in the world with 233,002 persons. This was followed by Ghanians living in UK and the US.”

The forum, which is historic according to him, is the first of its kind since the outbreak of the COVID-19 pandemic and the establishment of the African Continental Free Trade Area, AfCFTA.

He said: “The forum aims to encourage the private sector operatives of our two countries to pull resources together to be competitive when trading under AfCFTA,” insisting that: “We have the framework of ECOWAS protocol in the last fourty years to promote this kind of activities,” and then with the coming up of AfCFTA, “Ghana-Nigeria have the biggest economies in West Africa region, it is high time we formalize these engagements in order to take full advantage of the potentials between both countries.”

He said with this forum, there should be many more to come, for “we don’t want it to be a one-time forum. We want to sustain it. As we speak, the Nigeria Investment Promotion Council and Ghana Investment Promotion Council are working out arrangement in ways they will have annual meetings among themselves. 

“There will be coordination between Nigeria and Ghana businessmen. We believe that pretty soon, we are going to have certain collaboration that will be beneficial to both countries.”

Meanwhile, Ghanians CEOs have been urged to create platforms for Nigerians to connect with investments opportunities that can generate growth for economies of both Ghana and Nigeria and create a win-win situation for both countries.

The President, Abuja Chambers of Commerce and Industry, ACCI, Dr. Al-Mujtaba Abubakar in his opening remark at the 2022 Ghana Nigeria Business Council CEO Forum in Abuja urged Ghana to take advantage of the population of Nigeria as it presents a large consumer market for investors and traders.

He said: “In 2009, Nigeria net trade with Ghana in the export of metal was $2.1 billion, transportation $1.59 billion, mineral product $232 million. 

“In 2019, Ghana had a trade net with Nigeria in the export of footwear and headwear worth almost $105 million, foodstuffs worth $25million and chemical products worth over $11million dollars.

Abubakar who was represented by Dr. Aliyu Idi Hong, a former minister of state for health and later foreign affairs, who is the Vice President Communication, Strategy and External Relations of the ACCI, said the forum underscores the importance of the partnership between the countries over the years, urging that the forum should not just be a one off thing. 

Also Read: Report says 13.9% of teachers in Borno without any formal…

Abubakar commended the effort of ECOWAS and the governments of Nigeria and Ghana towards the quick intervention in resolving the crisis between the Nigerian and Ghanians traders in Ghana.

He said: “I think the intervention will go a long way in making sure that the relationship between the two countries and the vision of the ECOWAS to be quickly integrated.

“So it is highly commendable that the government of these countries have taken initiative towards solving this crisis.”

He however lamented that the forum was coming a little late for if had existed the crisis between Nigerian and Ghanaian businessmen would not have festered. He admitted though that it was rather late than never.

Ghana, Nigeria to invest in non-oil sector- Envo

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FG Declares Wednesday Holiday to Mark Worker’s Day

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FG Declares Wednesday Holiday to Mark Worker’s Day

By: Michael Mike

The Federal Government has declared Wednesday, 1st May, 2024 as a Public Holiday to commemorate this year’s Workers’ Day Celebration.

The Minister of Interior, Hon. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, reiterated the need for excellence, efficiency and equity in all spheres of labour, re-affirming President Bola Tinubu’s administration’s commitment to fostering a culture of innovation, productivity, and inclusivity in the workplace.

Tunji-Ojo, in a statement signed by the Permanent Secretary in the Ministry of Interior, Dr. Aishetu Gogo Ndayako, said: “In alignment with this year’s theme, which focuses on ensuring safety and health at work in a changing climate, I wish to state that the Federal Government remains steadfast in its resolve to prioritise the safety and well-being of all citizens. Let me reaffirm Mr. President’s commitment to providing a conducive environment for work, where every worker can thrive and contribute meaningfully to national development”.

The Minister, while acknowledging the contribution of workers, called for proactive measures to mitigate adverse effects of climate change through synergy in in the implementation of sustainable practices and policies that promote well-being in the workplace and in building a nation guided by the principles of integrity, diligence and compassion.

Tunji-Ojo also urged Nigerians to remain committed to the present administration’s Renewed Hope Agenda as he wishes workers a happy celebration.

FG Declares Wednesday Holiday to Mark Worker’s Day

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Our Youths Will Transition Nigeria Into Digital Economy Powerhouse – President Tinubu

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Our Youths Will Transition Nigeria Into Digital Economy Powerhouse – President Tinubu

  • As African countries commit to greater financing, digital access at IDA21 Summit:
  • Resolve to mobilise domestic resources for Africa’s economic transformation

By: Our Reporter

President Bola Ahmed Tinubu declared on Monday that Nigeria is set to harness the potential of its youthful population to transform into a global digital economy powerhouse.

He also hinted at the nation’s plans to become a global hub for outsourcing talent within the digital and creative economy.

This was the submission made by President Tinubu who was represented by Vice President Kashim Shettima at the meeting of African Heads of State and Government on the 21st Replenishment of the International Development Association (IDA21) in Nairobi.

This is just as African Heads of State and Government committed countries on the continent to strengthen implementation capacities, mobilising domestic resources, and partnering effectively with IDA to accelerate the continent’s economic transformation.

President Tinubu also reiterated Nigeria’s plans to build a vast digital market capable of absorbing cutting-edge innovations and technologies, positioning the country as a hub for outsourcing talent in the digital and creative economy spheres.

“Being a young country with a median age of about 18, our interventions in the digital economy have been so extensive that we are no longer boasting of having the most unicorns, but preparing to serve as a global hub for outsourcing talents,” the President stated in his submission titled “The Path to Recovery: Nigeria’s Journey Beyond Sabotage”, which was delivered to the Summit by VP Shettima

President Tinubu informed other African leaders of the sweeping reforms implemented by his administration to curb illicit activities and currency manipulation that had long hindered the nation’s progress.

“Since assuming office, President Tinubu has remained steadfast in fulfilling his promise to end the reign of economic saboteurs who have long exploited and hindered the progress of our nation. I am pleased to report that our economy has escaped the phase of sabotage,” the VP noted.

Alongside the digital transformation agenda, President Tinubu said Nigeria is committed to prioritizing climate resilience and becoming an attractive destination for carbon market investments.

“The tensions resulting from climate-induced disruptions serve as a pressing call to action. The profound impact of climate change on our continent’s security underscores our dedication to transforming innovative concepts from conference discussions into tangible actions. We aim to become an investment-friendly destination for carbon market investments,” the organ was informed.

He expressed Nigeria’s belief that the summit’s communiqué would reflect the collective needs of African and IDA countries, capturing their “nuances, consensus, dreams, and projections.”

President Tinubu listed key priorities for Nigeria’s economic recovery in his administration’s Renewed Hope Agenda, anchored on poverty alleviation, to include economic expansion, job creation, enhanced access to capital, food security, and inclusivity.

He also stressed the importance of regional economic integration through instruments like the African Continental Free Trade Area (AfCFTA) Agreement to dismantle investment barriers and facilitate access to international markets.

“Our path to the future depends on nurturing strategic partnerships with other nations and development organizations. Therefore, we will utilize our absolute and comparative advantages to establish partnerships across borders,” the President said.

Earlier in his opening remarks, the President of Kenya, William Ruto, said the summit was urgent because it was “convened at a critical juncture facing a convergence of global crises which include escalating geopolitical tensions that challenge international unity, a deepening development and debt crisis that threatens our economic stability, and an urgent climate emergency that demands immediate and collective action for our planet’s survival.”

He gave instances of the devastating impact of severe flooding in the East African region which, according to him, has displaced thousands in Nairobi alone, and the vulnerability of the continent to extreme weather patterns, which points to the critical role of the IDA in financing Africa’s development and stability.

“This new normal demands our immediate and united action to safeguard our collective future. This underscores the critical role of IDA for Africa Summit as a cornerstone for financing for Africa. IDA has directed 75% of its total commitment which is nearly $26 billion to Africa in the last fiscal year with African countries comprising 8 of IDA’s top 10 borrowers. This support is not just financial but it’s a lifeline for development and stability,” President Ruto said.

Also speaking, the World Bank President, Ajay Banga, expressed optimism about Africa’s potential, saying “it’s very easy to feel hopeful when we’re together anywhere in Africa,” adding that you feel the infectious energy of young people.”

Banga affirmed the IDA’s commitment to accelerating progress on the continent, vowing to “move with urgency and purpose,” while making the institution more efficient and impactful.

“We stand at the crossroads of a new era of growth and prosperity for Africa,” he said.

At the end of the Summit, African Heads of State and Government adopted a joint communique committing countries on the continent to accelerate the continent’s economic transformation by strengthening implementation capacities, mobilising domestic resources, and partnering effectively with IDA.

They also called for an ambitious replenishment of the International Development Association (IDA) to support the continent’s development goals.

The Nairobi Communique described IDA as Africa’s largest source of concessional financing, outlining priorities for IDA21 to include building human capital, creating jobs, boosting energy and digital access, enhancing resilience to climate change and fragility, and promoting inclusive growth policies.

Our Youths Will Transition Nigeria Into Digital Economy Powerhouse – President Tinubu

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The Truth Alliance Releases “Unveiling the Truth of Boko Haram,” Audio Series of Insurgency in Northeast

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The Truth Alliance Releases “Unveiling the Truth of Boko Haram,” Audio Series of Insurgency in Northeast

By: Michael Mike

The newly formed coalition of civil society organisations called ‘The Truth Alliance’, dedicated to shedding light on the truth behind the reality of life inside and outside Boko Haram, has released a gripping three-part audio series called “Unveiling the Truth of Boko Haram” to coincide with the commemoration of the 10th anniversary of the kidnapping of the Chibok Girls in Northeast, Nigeria.

According to a statement on Sunday, “Boko Haram’s presence in Nigeria has had far reaching impact on the peace and stability of the region, leading to the destruction of families and communities, leaving many people to reside in IDP camps. Each person has their own story to tell of the way they were manipulated to join and how once in, their lives, and those of their families, were destroyed as a result. Others tell the story of how they became innocent victims to Boko Haram’s destructive path.

“Through this evocative series, each story reveals the truth behind the way each were manipulated, lied to and impacted, telling others not to fall into their trap.

“Each story delves into the harrowing experiences of those affected by Boko Haram’s atrocities, including Islamic clerics seen from the perspective of those who were once involved or impacted by Boko Haram. Among the stories featured is that of Bukar Bukar, a survivor who, in 2015, fell victim to the brutality of armed assailants and now resides in an IDP camp.”

The statement said in this series Bukar Bukar revealed that following the initial attack on their village: “The northern part of our village is a bush and Boko Haram came through it to have a battle with the military until the next morning, when they arrested some of our youth. Ever since then, I said that we were not going to do any farming activity because members of Boko Haram were killed. Boko Haram are like Camels; they don’t forget things that are done to them easily. 1000 military personnel were sent to us but after a while they became a little less than 100”.

Other stories in the series will include that of Modu Mustapha, a farmer and father of seven children who escaped Boko Haram twice: Shown exclusively on the Truth Alliance’s YouTube channel and across various social media platforms, audiences worldwide are invited to bear witness to the untold truths of life inside and outside Boko Haram in Nigeria.

According to the statement, The Truth Alliance is committed to unmasking the truth behind violent and extremist groups and empowering communities to resist tyranny and violence. Through education, outreach, and collaboration, the Truth Alliance strives to build a safer, more resilient society for all.

In a campaign tagged ‘Time to Tell the Truth’, the Truth Alliance has come together to expose the truth behind how violent extremist groups draw young people into their ranks. Their message is simple: These groups manipulate, they deceive, they control, they kill, they kidnap, they destroy, and their movement as well as ideology is inherently weak.

The Truth Alliance Releases “Unveiling the Truth of Boko Haram,” Audio Series of Insurgency in Northeast

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