National News
VP SHETTIMA AT PEBEC REGULATORS’ FORUM
VP SHETTIMA AT PEBEC REGULATORS’ FORUM
By: Our Reporter
Regulatory Agencies Must Eliminate Overlaps, Align With President Tinubu’s Agenda
Says FG will streamline regulatory systems to facilitate ease of doing business
Vice President Kashim Shettima has charged regulatory agencies to eliminate overlaps and align their actions with President Bola Ahmed Tinubu’s agenda for economic growth and improved ease of doing business in Nigeria.
The Vice President said the administration of President Bola Ahmed Tinubu remains committed to streamlining the regulatory environment in Nigeria.
This, the Vice President said, is crucial in driving the coordination, transparency and global competitiveness required for the nation’s economic transformation.
Senator Shettima stated this on Thursday during the Presidential Enabling Business Environment Council (PEBEC) Regulators’ Forum to build an effective Regulatory Impact Framework (RIA) for Nigeria held at the Presidential Villa, Abuja.
According to him, the administration’s journey towards a “regulatory system built on trust, consistency, and collaboration is ongoing, and it is a journey that requires” all and sundry to remain committed.”
The Vice President implored the government regulators to be “willing to reinvent processes and innovate, guiding Nigeria towards a future where we are not economically disadvantaged but positioned to thrive.
“Our duty to the private sector is clear: to listen, process their concerns, and develop solutions that drive growth. In recent months, there have been pockets of complaints regarding certain directives from our regulatory agencies. I have personally intervened on several occasions to ensure we are not hampered by conflict, but instead move forward with unity and purpose,” he added.
Underscoring the importance of streamlining the regulatory system, the VP said, “The success of this forum today does not solely depend on our ability to collaborate, share knowledge, and align our regulatory actions with the broader national agenda.
“It also depends on our capacity to recognise and address criticisms and shortcomings, while striving for a nation that does not feel like a battlefield for businesses, but a place where investors can thrive without fear of unnecessary hurdles.”
VP Shettima charged the regulators to heed President Tinubu’s call to action, noting that the President envisions a country where regulatory excellence drives economic growth, attracts investment, and ultimately improves the quality of life for all citizens.
He continued: “Time and again, President Bola Ahmed Tinubu has reassured the business community of his commitment to easing any bottlenecks they may encounter, and each regulator here must adopt the same mindset in their dealings with private enterprises.
“The work of PEBEC, particularly through initiatives like the Regulatory Reform Accelerator, has been pivotal in reducing the obstacles faced by businesses.
“Today’s forum offers an unparalleled opportunity to address these issues head-on and chart a new course towards regulatory cohesion. This is not merely an event – it is a defining moment for us to reflect on the duties we owe our nation.”
On the task ahead, Senator Shettima urged participants at the meeting to recognise the gravity of their role as regulators.
His words: “Your actions do not stop at your desks; they have ripple effects that can shape or disrupt policies, influence investment decisions, and, most critically, impact the daily lives of Nigerians who rely on a stable and efficient economy.
“As such, this forum provides an invaluable opportunity to take ownership of the crucial reforms needed to eliminate regulatory overlaps, misalignments, and contradictions that often cause unnecessary delays and burdens on businesses.”
Earlier in his remarks, the Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hadejia outlined PEBEC’s 2024 outlook highlighting Nigeria’s business and investment climate reforms through its five strategic pillars, comprising regulatory, judicial and legislative reforms, among others.
He said deliberations and actions at the forum would be aligned with national economic goals that can make Nigeria a more attractive destination for business and investment.
“Through your participation and active contributions, this Forum will play a pivotal role in transforming Nigeria’s regulatory landscape, ensuring that it enhances our global business competitiveness,” Senator Hadejia noted.
Also, Special Adviser to the President on Presidential Enabling Business Environment Council (PEBEC) and Investment, Dr. Jumoke Oduwole, noted that regulators must act as enablers, evolving to support and nurture the very ecosystem they oversee.
“Regulators should be assessed based on the health of the businesses under them. If the businesses are dying, the regulator should be concerned,” she said.
She quoted David Cameron, the former Prime Minister of the UK, who stated in the 2015 Better Regulation Framework Manual: “We need to tackle regulation with vigour to free businesses to compete and create jobs, and give people greater freedom. I want us to be the first Government in modern history to leave office having reduced the overall burden of regulation rather than increasing it.”
Heads of federal government’s regulatory agencies present at the PEBEC meeting included Nigerian Communications Commission (NCC), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Electricity Regulatory Commission (NERC), Nigerian Press Council (NPC), Nigeria Data Protection Commission (NDPC), Nigeria Export Processing Zones Authority (NEPZA) and Nigerian Maritime Administration and Safety Agency (NIMASA).
Others are National Environmental Standards and Regulations Enforcement Agency (NESREA), Advertising Regulatory Council of Nigeria (ARCON), Oil and Gas Free Zones Authority (OGFZA), Securities and Exchange Commission (SEC) and Nigerian Postal Service (NIPOST).
Ends
National News
Fuel Crisis: ActionAid Urges FG to Deploy Emergency Measures as Global Conflict Deepens Hardship
Fuel Crisis: ActionAid Urges FG to Deploy Emergency Measures as Global Conflict Deepens Hardship
By: Michael Mike
ActionAid Nigeria has called on the Federal Government to urgently roll out emergency economic relief measures as the ongoing conflict involving Iran, Israel and the United States continues to disrupt global oil markets and worsen the economic hardship faced by Nigerians.
The organisation raised the alarm in a statement issued in Abuja on Sunday, warning that the crisis, which has persisted for more than a month, is already pushing millions of Nigerians deeper into poverty through rising fuel prices, transport fares and food costs.
According to the group, the absence of a clear and coordinated response from the Federal Government to cushion the effects of the global energy shock is deeply troubling.
While noting that global crude oil prices have surged from an average of about seventy-five to eighty dollars per barrel before the escalation of the conflict to roughly one hundred dollars per barrel due to supply disruptions in the Middle East, the organisation said Nigeria should be benefiting from the price increase.
It explained that with Nigeria’s daily crude oil production currently averaging between 1.3 million and 1.5 million barrels per day, the country is earning significantly more revenue from oil exports, yet these gains have not translated into relief for citizens struggling with soaring fuel costs.
The organisation said petrol prices are currently selling between N1,200 and N1,400 per litre across many parts of the country, while diesel prices remain persistently high.
It noted that the impact is being felt across all sectors of the economy, with transport fares surging, food prices rising and the cost of essential goods and services climbing beyond the reach of many households.
Speaking on the situation, the Country Director of ActionAid Nigeria, Andrew Mamedu, said the hardship faced by Nigerians reflects both the global crisis and long-standing domestic policy failures.
“It is unacceptable that Nigerians continue to suffer the consequences of global oil price increases while the country fails to translate its oil wealth into protection for its people,” he said.
Mamedu added that other countries facing similar shocks have implemented proactive measures to shield their citizens.
He cited examples of governments in Asia introducing price stabilisation policies, public transport support schemes and financial assistance to households in order to mitigate the effects of rising energy costs.
He noted that countries such as Thailand have deployed mechanisms such as the Oil Fuel Fund to cap fuel prices, while Indonesia has used subsidy compensation and public funds to reduce the impact of global price increases on citizens.
According to him, Nigeria must demonstrate similar urgency by implementing strong social protection measures.
The organisation said rapid community engagements conducted across several states indicate that many households are already adopting distress coping strategies, including skipping meals, withdrawing children from school due to transportation costs and borrowing money to survive.
It also warned that small and medium-sized enterprises are scaling down operations or shutting down completely due to rising diesel and logistics costs, while informal workers are experiencing declining incomes.
To address the situation, ActionAid Nigeria urged the Federal Government, in collaboration with state and local authorities, to deploy a coordinated emergency response that includes targeted cash transfers to vulnerable households and informal businesses.
The organisation also called for the temporary reintroduction of fuel subsidies for petrol and diesel, financial support for public transport systems to curb fare increases and the suspension or reduction of taxes and port charges contributing to high fuel prices.
Other recommendations include expanding the crude-for-naira framework to stabilise domestic fuel supply, protecting food distribution and health logistics from rising transportation costs and enforcing fuel consumption reduction measures across public institutions.
In addition, the group urged private sector employers to provide welfare support for workers, including transport assistance, flexible work arrangements and cost-of-living adjustments.
It also called on state and local governments to strengthen community-level safety nets, monitor market practices to prevent exploitation and ensure that relief measures reach vulnerable populations quickly.
“The global crisis may be beyond Nigeria’s control, but the government’s response is not,” the organisation said.
“One month into this crisis, continued inaction is unacceptable. Immediate and decisive steps must be taken to protect Nigerians from further hardship.”
Fuel Crisis: ActionAid Urges FG to Deploy Emergency Measures as Global Conflict Deepens Hardship
National News
Easter: Church Targets Spiritual Renewal, Community Impact with Power-Packed Programme
Easter: Church Targets Spiritual Renewal, Community Impact with Power-Packed Programme
By: Michael Mike
As Christians prepare for the Easter season, the City of Truth and Grace Assembly has positioned its 2026 celebration as more than a routine observance, unveiling a spiritually driven programme aimed at fostering personal transformation and strengthening community bonds.
Themed “The Power of Resurrection,” the church said the initiative is designed to rekindle faith, inspire hope, and provide a platform for collective spiritual engagement at a time when many people are seeking renewal amid prevailing social and economic pressures.
The programme, to be hosted by Dipo Fisho, will begin on Good Friday with a family-focused prayer session which organisers describe as a strategic gathering to address both personal and societal challenges through intercession.
According to the church, the prayer session will emphasise unity, healing, and divine direction for families and the wider community.
The Easter activities will culminate on Easter Sunday with a special worship service centred on the message of resurrection, renewal, and spiritual rebirth.
Organisers explained that the programme goes beyond worship services, incorporating moments of fellowship such as a love feast aimed at strengthening relationships among church members and welcoming first-time attendees while reinforcing the central Easter message of love, sacrifice, and redemption.
“This is not just a celebration; it is a call to experience transformation and new beginnings,” the church said, adding that the programme has been carefully curated to deliver both spiritual inspiration and emotional impact.
The event will take place at The Grounds Sport Arena, with activities scheduled for 5:00 p.m. on Good Friday and 8:00 a.m. on Easter Sunday.
With expectations of a large turnout, the church said the programme—also tagged “The Power of Resurrection”—is open to people of all backgrounds and is intended to inspire faith, unity, and a renewed sense of purpose.
Residents across the city have been encouraged to participate, as organisers project the gathering as a significant Easter convergence focused on renewal, hope, and shared spiritual experience.
Easter: Church Targets Spiritual Renewal, Community Impact with Power-Packed Programme
National News
Germany, Agrofood Fair Drive Investment and Technology for Nigeria’s Food Processing Sector
Germany, Agrofood Fair Drive Investment and Technology for Nigeria’s Food Processing Sector
By: Michael Mike
Stakeholders from government, industry and the diplomatic community have intensified efforts to mobilise investment and modern technology to strengthen Nigeria’s food processing and packaging sector, as the 11th edition of Agrofood Nigeria concluded in Lagos.
The push was highlighted during a networking event hosted by the German Consulate General Lagos, where Nigerian agribusiness stakeholders, German exhibitors and members of the German diplomatic and business community discussed opportunities to deepen collaboration across Nigeria’s agri-food value chain.
Speaking at a press briefing, the German Consul General in Lagos, Daniel Krull, said strengthening agriculture and food processing is central to Nigeria’s long-term economic growth and food security.
Krull noted that improving the country’s food processing capacity would not only reduce post-harvest losses but also stimulate industrial growth, create jobs and enhance Nigeria’s ability to meet domestic food demand.
He pointed to Germany’s global strength in food processing technology as evidence of how innovation can transform agricultural output into competitive products.
According to him, Germany remains Europe’s largest exporter of coffee despite not cultivating the crop domestically, a feat made possible through advanced processing technology and value-addition capabilities that tailor products to consumer needs.
“Agriculture and food processing are key to addressing food insecurity and unlocking economic potential. Technology and innovation will play a decisive role in enabling Nigeria to fully harness these opportunities,” Krull said.
The annual exhibition, organised by German trade fair company fairtrade Messe GmbH, brings together players across the entire food value chain—from food production and ingredient manufacturing to processing equipment, packaging technologies and finished product distribution.
Managing Director of fairtrade Messe, Paul März, described the event as a vital marketplace where businesses across Nigeria and West Africa connect with global technology providers.
“It is a meeting point and market place where industry meets once a year for Nigeria and West African countries to come to Lagos to discuss products with exhibitors,” he said.
Now in its 11th year in Nigeria, the exhibition featured 137 companies from 17 countries presenting equipment and technological solutions aimed at strengthening food production, processing and packaging.
Since 2017, the fair has also hosted an official German Pavilion supported by the German Government, providing a platform for German manufacturers to showcase advanced machinery designed to improve Nigeria’s food processing capacity.
Organisers said the initiative is aimed at boosting Nigeria’s food self-sufficiency by introducing technologies that reduce dependence on imported food products while encouraging domestic production and industrialisation.
März said the exhibition has already contributed to noticeable improvements in Nigeria’s food processing ecosystem, particularly in the area of packaging and the development of new supply chains.
However, he stressed that significant gaps remain, especially in packaging technology needed to extend shelf life and meet international export standards.
According to him, several companies participating in the fair have already sold machines for sachet packaging, milk powder processing, PET bottling and recycling to Nigerian businesses.
“With its long-term approach, Agrofood will continue to hold yearly in Nigeria to provide even more solutions to existing problems such as food safety, recycling and processing,” he said.
Krull also highlighted Germany’s broader economic engagement with Nigeria, revealing that Germany currently maintains a development portfolio of about €570 million in the country.
He explained that beyond trade exhibitions, the German government supports Nigerian businesses through technical advisory services, vocational education and training programmes as well as financing opportunities for small and medium-scale enterprises.
These include credit facilities and financial support windows facilitated through the German Desk at Access Bank, which provides funding options for businesses seeking to invest in food processing technology.
German companies already operating in Nigeria are also investing heavily in workforce training to ensure local staff can operate and maintain advanced industrial equipment, thereby strengthening technology transfer.
While acknowledging challenges confronting Nigeria’s agri-food sector—including insecurity, financing constraints, regulatory issues and energy shortages—Krull stressed that such obstacles should not deter stakeholders from taking decisive action.
He said Nigeria possesses the natural resources, entrepreneurial capacity and market potential needed to achieve significant growth in the food processing sector if investment, technology and policy support are effectively aligned.
By connecting entrepreneurs, investors and technology providers, he added, initiatives like Agrofood Nigeria could play a pivotal role in accelerating the transformation of Nigeria’s agricultural economy.
Germany, Agrofood Fair Drive Investment and Technology for Nigeria’s Food Processing Sector
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