Reps To Review National Automotive Policy

House of Representatives on National Automotive PolicyThe House of Representatives says it will review the National Automotive Policy, in order to set an effective implementation framework and incorporate a number of suggestions offered by local automakers and other stakeholders in Nigeria.

The lawmakers made the resolve as industry players in the automobile sector sought for a ban on importation of used vehicles through land boarders.

Speaking to reporters during a visit to Peugeot Automobile Nigeria in Kaduna State, the House Committee Chairmen on Customs and Special Duties, Rufai Chanchangi and Hussein Dangiwa, maintained their position on the ban on importation of vehicles through land boarders.

They also directed the Nigeria Customs Service to intensify surveillance within the borders, with a view to ensuring that import duties were collected from vehicles entering into the country.

The lawmakers said their visit was to get an in-depth knowledge about the operations and challenges of auto companies across Nigeria, and to see how such problems can be addressed to revive vehicle assembly operations and develop local content.

The Managing Director, Peugeot Automobile Nigeria, Mr Ibrahim Boyi, noted that a ban on the importation of used cars will boost local production of vehicles.

Mr Boyi, who was represented by the General Manager of Strategy, Bawo Omagbese, expressed worry at the influx of used vehicles into Nigeria which he said has a consequence on local assemblers.

He appealed to the National Assembly to make laws that would enhance the growth of local industries, stressing that it would greatly contribute to the growth of Nigeria’s economy.

The auto policy, which was introduced by the administration of former President Goodluck Jonathan to encourage auto firms to set up assembly firms in Nigeria, had been criticised by some stakeholders,

For about a year, there has been no official pronouncement on whether it would be retained or cancelled.


Buhari Appoints New Heads For 13 FG Agencies

Muhammadu-Buhari-UNGeneral-AssemblyPresident Muhammadu Buhari on Monday approved the appointments of Chief Executives for 13 Federal Government agencies.

A list of the new Chief Executives was contained in a statement by the Director of Press in the Office of the Secretary to the Government of the Federation (OSGF), Bolaji Adebiyi.

The appointments are:

Joseph Ari, Director-General, Industrial Training Fund (ITF).

Dr. Isa Ibrahim, Director-General, National Information Technology Development Agency (NITDA).

Simbi Wabote, Executive Secretary, Nigerian Content Monitoring Board.

Aboloma Anthony, Director-General, Standards Organisation of Nigeria (SON).

Mamman Amadu, Director-General, Bureau of Public Procurement.

Sharon Ikeazor, Pension Transitional Arrangement Directorate.

Princess Akodundo Gloria, National Coordinator, New Partnership for Africa’s Development.

Mr Ahmed Bobboi, Executive Secretary, Petroleum Equalisation Fund.

Umana Okon Umana, Managing Director, Oil and Gas Free Zone Authority.

Sa’adiya Faruq, Federal Commissioner, National Commission for Refugees, Migrants and Internally Displaced Persons.

Usman Abubakar, Chairman, Nigeria Railway Corporation (NRC).

Dr. Bello Gusau, Executive Secretary, Petroleum Technology Development Fund (PTDF).

Yewande Sadiku, Executive Secretary, National Investment Promotion Commission (NIPC).

Dangote To Invest 53bn Naira In Nasarawa State

Dangote, NasarawaPresident of Dangote Group, Mr Aliko Dangote, is set to invest 53 billion Naira in rice, sugar cane and coal production in Nasarawa State.

The Managing Director, Dangote Sugar Company, Mr Abdullahi Sule, who represented the Nigerian billionaire, disclosed the investment plan to journalists on Saturday.

He was speaking after an aerial survey of the proposed investment sites in Nasarawa State, north-central Nigeria.

Mr Sule expressed optimism that the projects, if completed, would generate jobs for over 20,000 people.

On his part, Governor Tanko Al-Makura described the investment as a timely one.

He expressed hope that it would go in line with the diversification policy of the Federal Government.

Kaduna Refinery To Resume Daily Production Of Petrol Today

Refinery-KadunaThe management of Kaduna Refinery and Petrochemical Company (KRPC), says the refinery will resume daily production of petrol starting from tomorrow, April 27.

This, according to the Managing Director, Idi Muktar, is part of efforts to address the current fuel scarcity across the country, who spoke to reporters on Tuesday.

Mukhtar explained that the plant, which will be getting supply of crude oil from Escravos in Warri, will be producing at an average of two million litres of petrol per day.

He said that efforts have been put in place to ensure constant supply of the petroleum products to help reduce the hardship Nigerians are facing due to fuel scarcity across the country.

He explained that with the availability of crude oil, the refinery will be producing 2 million litres of Petrol Motor Spirit (PMS) daily, insisting that all hands are on deck to ensure steady supply across the states.

Mr Muktar pointed out that once the supply is sustained, there will be no scarcity of petrol in the country.

He also blamed activities of pipeline vandals as largely responsible for the current fuel scarcity.

FG Disengages Heads Of NTA, FRCN, Other Information Parastatals

Lai-Mohammed-APCThe Federal Government has disengaged the heads of the six information-related parastatals under the Ministry of Information and Culture.

The Minister of Information and Culture, Mr Lai Mohammed, announced the disengagement during a meeting he held with the Chief Executives of the Nigerian Television Authority (NTA), Federal Radio Corporation of Nigeria (FRCN), Voice of Nigeria (VON), News Agency of Nigeria (NAN), Nigerian Broadcasting Commission (NBC) and the National Orientation Agency (NOA) on Monday.

According to a statement signed by SA to the Minister, Segun Adeyemi, the Minister directed the disengaged Chief Executives to hand over to the most senior officials in their various establishments.

He thanked them for their service to the nation and wished them the best of luck in their future endeavours.

The affected Chief Executives are the Directors-General of NTA, Mr Sola Omole, FRCN (Mr Ladan Salihu), VON (Mr Sam Worlu), NOA (Mr Mike Omeri), NBC (Mr Emeka Mba) and the Managing Director of NAN (Mr Ima Niboro).

Gov. Mimiko Commissions 1.6bn Naira Mega Terminal Project In Lokoja

MimikoOndo State Governor, Olusegun Mimiko, has identified road traffic accident across Nigeria as the major killer that has surpassed the effect of cancer, HIV, malaria and Ebola put together.

Mimiko, who stated this in Lokoja during the commissioning of a 1.6 billion Naira Lokoja Mega Terminal project, noted that until government at all level take the issue of transportation services serious, the problem would continue to hunt the nation.

The State Commissioner for Transport, Abdulrahman Wuya, in his opening speech, said that the idea behind the terminal is to consolidate all the major inter-city and inter-state motor parks, in order to bring sanity to the unregulated transport system in the state.

Giving his address, Governor Mimiko praised Governor Wada for early completion of the project in the face of paucity of fund.

He also commended Wada for prudent management of resources in the state, while he described the Lokoja Terminal Project as the best in Africa.

While speaking, Governor Wada said that the project was conceived to eliminate the incessant traffic logjam and to take Kogi from economic doldrums, stressing that the project is capable of generating enormous revenue for the state.


Anambra State Partners With Private Sector In 15bn Naira Poultry Business

poultry farmingAnambra State Governor, Willie Obiano, has flagged off a 15 billion Naira modern integrated poultry farm in a Public-Private Partnership (P3) between the state government and Lynden Integrated Farms at Igbariam, Anambra East Local Government Area.

This is part of the state government’s plan to position Anambra State as a center for poultry farming in Nigeria.

Flagging off the construction of the facility, the Governor said the purpose of the project was to develop, operate and manage a modern integrated poultry farm that would create both direct and indirect jobs for the youths and women, produce high quality poultry products and most importantly, position Anambra state to be one of the highest producers of poultry products in Nigeria.

Governor Obiano also announced the prospects of the project in the area of the quantum of poultry products to be produced and the associated job creation possibility.

For the Managing Director of the agency through which the state government attracts investment to the state, Joe-Billy Ekwunife, the project which is a Public-Private Partnership would be beneficial to all stakeholders, especially the host community in the area of Corporate Social Responsibility.

The Chairman of Lynden Group, Mr Clem Nwogbo, stated that the facility when completed would comprise rearing houses with over 200,000 birds, as well as produce high quality poultry products.

The State Commissioner for Agriculture, Afam Mbanefo, reiterated that the facility would help bridge the existing gap of 802 metric tons of poultry products in the state.

Presently, Anambra State has a total of 1,814 poultry farms with a population of two million birds and the consumption rate is placed at over 7,000.

The management of Lynden Farms assured the Governor that the construction of infrastructure would commence immediately while the layer farm would be commissioned by August 2016.

IMF’s Lagarde Arrives Nigeria For Economic Talks

ImfThe Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has arrived Nigeria for a four-day official visit during which she will meet President Muhammadu Buhari.

The meeting is expected to help strengthen the IMF’s partnership with the largest economy in Africa and to discuss how to address Nigeria’s economic challenges and the impact of low oil prices.

According to a statement by the IMF, “Mrs Lagarde believes that Nigeria is working hard to improve its business environment, promote opportunities for growth in the private sector and strengthen social cohesion and all areas where government has an important role to play.”

The IMF Managing Director, who arrived in Abuja at about 3:00PM, was received by the Minister of Finance, Mrs Kemi Adeosun; the Governor of Central Bank, Mr Godwin Emefiele and staff of the IMF at the Presidential Wing of the Nnamdi Azikwe International Airport, Abuja.

Mrs Legarde is expected to also meet with principal officers of the National Assembly, business leaders, prominent women and representatives of Civil Society Organisations.

Kaduna Refinery Resumes Production

Kaduna-Refinery-plantThe Kaduna Refinery and Petrochemical Company has resumed production of petrol four months after it was closed for repairs.

The Managing Director of the company, Saidu Mohammed, who disclosed this to Channels Television in Kaduna, said that the plant, which was closed in September, came back on stream last Saturday ahead of the December deadline for Nigeria’s four refineries to return to full production.

The restart of production at the Kaduna refinery should be a cheering news for Nigerians, who have endured months of scarcity of petrol.

Mohammed explained that the plant, which is getting supply of crude oil from Escravos in Warri, is currently producing at an average 1.5 million litres of Premium Motor Spirit per day.

The MD said that with the resumption of production, the Pipelines and Product Marketing Company (PPMC) is expected to commence trucking of refined products within the week. He added that at least 50 trucks are expected to be loading the substance for supply to the northern part of the nation and beyond on daily basis.

Mr Mohammed further explained that the Kaduna refinery is working in collaboration with the PPMC and Department of Petroluem Resources (DPR) to ensure that products are properly supplied across the region, to cushion the effect of the scarcity of petrol.

While appealing to the public to exercise patience, he gave the assurance that the long queues across the country would soon disappear as soon as the PPMC commences trucking.

Prior to its closure in September, Kaduna refinery had stopped working for most part of the year, except briefly in July and August, when its utilisation capacity dropped to about 2.6 per cent and 10.5 per cent respectively, according the NNPC monthly operational report for October.

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, had issued a 90-day ultimatum to the managements of the four refineries shortly after his appointment in August.

NEMSA Warns DISCOs To Adhere To safety Standards

IFCAll Electricity Distribution Companies in the country have been warned to adhere to standards in the procurement and installation of electrical facilities to avoid being sanctioned.

Managing Director,  National Electrical Management Services Agency, (NEMSA) Mr. Peter Ewesor issued the warning after an inspection tour of electrical installations in Kaduna State, North West Nigeria.

He warned that improper installation and use of inferior electrical facilities may cause serious danger to users and therefore urged the Kaduna Electricity Distribution Company to immediately correct some observed anomalies.

The agency is saddled with the responsibility of enforcing technical standards and regulation, among other things, in the electricity distribution services.

The purpose of the inspection tour of electrical installations in Kaduna, is therefore, to identify sites where there are faults in power lines, railway/ roads or building constructions with a view to rectifying them.

In his remarks, the Managing Director of Kaduna Electricity Distribution Company, Mallam Garba Haruna expressed satisfaction with the visit and pledged to adhere to international standards in the electrical distribution

FERMA Flags-Off Nationwide Road Maintenance In Jos

fermaThe Federal Road Maintenance Agency (FERMA), has begun a nationwide road maintenance exercise on federal roads across the nation.

During an inspection tour of Andaha, Akwanga-Jos Road, the Managing Director of FERMA, Mr Gabriel Amuchi, said the maintenance is just an intervention to make sure the federal roads that have failed are motorable all year round.

Mr Amuchi was in the company of the Permanent Secretary, Federal Ministry of Works, Mr. Dauda Kigbu to monitor the exercise.

While Mr Amuchi noted that some of the roads have been built over the past 25 years, Mr Kigbu said the exercise by FERMA justifies the need for more funding to close the gap, while pushing for the reconstruction of some of the federal roads.

Fidelity Bank To Support Nigeria-Netherlands Trade Ties

fidelity bankFidelity Bank Plc has said it would continue to support trade and investment between Nigeria and the Netherlands as the nation awaits possible changes in government policies.

Speaking at a luncheon of the Nigerian Netherlands Chamber of Commerce in Lagos, the Managing Director of the bank, Mr Nnamdi Okonkwo, welcomed the intentions of members of the Chamber to increase investments in all sectors of the nation’s economy, as it has done with the volume of trade.

Fidelity Bank promises to always be there to support every kind of business between the two countries (Nigeria and Netherlands).

During the luncheon, the NNCC expressed optimism in the opportunities that the change of government holds for the country and it’s business allies.

A renowned economist, Bismark Rewane, also presented a business and economic outlook to the audience.

Established in 1978, The Nigerian Netherlands Chamber of Commerce ‎has contributed to Nigeria’s economy with trade volumes hitting around 7 billion Euros per annum.

Sectors in which the Nigerian Netherlands Chamber of Commerce hopes to invest hugely include agriculture, education, infrastructure and alternative power.

The Chamber says its main objective is to promote and protect trade, agriculture and industrial relations between the Netherlands and Nigeria .