SA to participate in SA-Uganda Investment Summit

Trade, Industry and Competition Deputy Minister, Nomalungelo Gina, is leading a delegation of 65 South African business representatives to a two-day Uganda – South Africa Investment and Trade Summit which started today in Kampala, Uganda.

The summit brings together trade and investment policymakers, business communities, trade support institutions, regional and multilateral organisations from Uganda and South Africa, to explore investment and trade opportunities.

The main goal is to improve bilateral trade between the two countries and to mobilise higher levels of private sector investments into priority sectors in Uganda.

The summit, which ends tomorrow, is being held at the Speke Resort in Munyonyo, Kampala.

This summit follows a business forum held in February 2023 in Pretoria on the margins of President Museveni’s State visit to South Africa.

This summit has a particular focus on agriculture and agro-processing, Information Communication and Technology, manufacturing, energy and oil and gas.

The current status of bilateral trade is that South African exports to Uganda have decreased from R2.1 billion in 2018 to to R1.7 billion in 2022, while South Africa’s imports from Uganda have increased from R102 million to R304 million during the same timeframe.

There will also be an effort to mobilise higher levels of private investments into priority sectors in Uganda, as identified under the National Development Plan of Uganda (NDP III) and therefore they will ensure that by the end of the two days, a platform for networking and investment facilitation will be created between to fast track trade and business deals.

Source: South African Government News Agency

FG’ll expand social register, include families of fallen soldiers – Minister

The Federal Government has unveiled plans to include families of wounded and fallen soldiers in the national social register and its poverty alleviation programmes.

The Minister of Humanitarian Affairs and Poverty Alleviation Dr Betta Edu, made this known during a meeting with the Chief of Defence Staff, Gen. Christopher Musa, on Monday in Abuja.

Edu expressed the need to support the military families.

”We want to expand our social register to accommodate military personnel that have either been wounded or affected by war even soldiers that left their families behind.

“’ We need this data from the military so that we can have them captured under the social register” she said.

The minister said, she was at the defence headquarters to solicit the support of the Nigerian military to tackle humanitarian crises across the country.

“Alleviating humanitarian crises and poverty is top most on President Bola Tinubu’s administration.

”Our preference is to discuss humanitarian crises across the nation and the need to collaborate with the military to prevent more persons coming under the humanitarian bracket.

” We also should be able to reach out effectively to those who are affected by humanitarian crises wherever they are.

”So that our humanitarian workers should be able to reach the people wherever they are with the support of the military” she said.

Responding, Gen. Musa, assured the minister of the commitment of Nigerian military to support her towards achieving the mandate of the ministry.

Musa who acknowledged the link between military operations and humanitarian aid, noted that, successful organisations directly benefits their military efforts.

The defence chief therefore expressed gratitude to the humanitarian ministry for considering the military community on the task.

While assuring the minister of his unwavering commitment towards her humanitarian mission, the defence chief was optimistic that the collaboration will yield positive results.

The News Agency of Nigeria (NAN) reports that, the agenda of the engagement was to forge a formidable alliance between humanitarian efforts and the military.

The aim is to urgently curb the crisis growth and offer swift aid to those affected(NAN)(www.nannews.ng).

Source: News Agency of Nigeria

We made banking transactions convenient for our customers- First Bank

The Chief Executive Officer (CEO) of the First Bank Group, Dr. Adesola Adeduntan said that the group had made banking transactions convenient for its customers to transact all their business.

He said this at the cocktail party organised by the Annual Banking and Finance Conference in Abuja on Monday.

Adeduntan, who was represented by Mr Callistus Obetta, the Group Executive, Technology and Services at the bank, said technology had rebuilt a lot of the transmission across many industries within the financial services space.

He said that technology within the financial sector had come in different stages which had helped to drive development level leveraging on Artificial Intelligence (AI).

According to him, technology has made it easy for customers to make payment, withdrawal and other transactions.

“Customers has more time to do their personal things because technology has enable the bank to do business at easy.”

He said that technology would continue to change the society in the way it envisaged the future.

“We live across the globe and the key to move forward is to build a future driven by technology and no one can be be left behind.

“As we talk about next generation, we are talking about how to really drive access, drive convenience, drive development, leveraging on technology or intelligence and more data,”.

Earlier, Dr. Ken Opara, the President/Chairman of the Council of the Chartered Institute of Bankers of Nigeria (CIBN) and Executive director with Fidelity Bank, said that the future of banking industry had gone digital.

He said that the youth were the future of the banking industry and charged them to work hard as the sector belonged to them in the nearest future.

While commending the organizers, Opara said that the event was about networking, sharing ideas and experiences. (NAN) (www.nannews.ng)

Source: News Agency of Nigeria

Navy has zero tolerance for oil theft – CNS

The Chief of Naval Staff (CNS), Vice Adm. Emmanuel Ogalla, has reiterated the commitment of the Nigerian Navy to stamp out the menace of oil theft and other crimes in the nation’s maritime domain.

Ogalla reiterated this at the opening of the CNS 2023 Retreat with Principal Staff Officers, Flag Officers Commanding and Commanders, on Tuesday in Abuja.

He said that naval personnel and the service were duty bound to reverse the impression in terms of securing the maritime domain and stamping out oil theft in Nigeria.

“I therefore want to make this clear that under my watch there is zero tolerance for oil theft. Any officer or rating or any person who is found to be involved in oil theft will be punished to the full extent of the law.

“We will not fear anyone. I expect you to go back and educate your officers and ratings about the menace of oil theft.

“The government looks up to us to lead the fires and we have no option but to do just that,” he said.

He said that in view of this, the navy must work together with sister services, the armed forces, the police and other military and security agencies to stamp out the measures of all attempts.

According to him, Nigerians expect the navy to remain above reproach, above board and to remain law-abiding as a force they can admire and rely upon.

The CNS said that the event was an opportunity for participants to interact and evaluate the state of affairs in the navy.

He said this was with regards to tackling the security challenges that had been having devastating impacts on the country and undermining its national security and development.

He explained that President Bola Tinubu had given them marching orders to deal decisively with all security challenges facing the country.

He added that the event was in line with the president’s directive and his vision statement.

The vision statement he said is: “to have a highly motivated professional naval force capable of shaping the security outcomes within Nigeria’s maritime domain and the littorals including land-based engagements in fulfilment of Nigeria’s national interest”.

He also said his mission statement is: “to Maintain and equip a professional competent and ethical naval force while leveraging on all elements of national power for the effective defence of Nigeria’s maritime area of interest against all forms of threat in fulfilment of national security imperatives”.

“I gave my Command Philosophy which is anchored on leading with integrity, courage and relentless pursuit for excellence in consonance with the core values of the Nigerian navy.

“My Strategic End-state is the attainment of a safe and secured maritime environment in Nigeria and the Gulf of Guinea to enable wealth creation, economic prosperity as well as national security, growth and development.

“In tandem with this, I have issued the Chief of the Naval Staff, Strategic Directive 2023–6 which highlights the expected deliverables along the 9 Lines of Development (LoDs) of the Nigerian Navy Strategic Plan (NNSP) 2021 -2030.

“It is imperative that all of you immediately key into the vision so that together, we can take the NN to greater heights,” he said.

Ogalla said the navy had in the past few years, achieved significant milestones in operations, fleet recapitalisation, infrastructure and human resource managements as part of a comprehensive transformation plan articulated to guide the service in the discharge of its constitutional mandate.

He said that the navy had taken steps to be innovative in its approaches with the evolving nature of threats in the nation’s maritime domain.

According to the CNS, the navy under his watch is determined to rebuild the conceptual, moral and physical components of its fighting power.

“My top priorities, therefore, would be to diligently implement the provisions of the NNSP 2021 -2030.

“Let me, however, mention that while no effort will be spared in achieving these goals, it is command responsibility to ensure the sustenance and maintenance of all facilities, equipment and platforms.

“To set a clear direction and build momentum, we identified some quick impact projects and conceptual initiatives that would be completed and commissioned within my First 100 days in office,” he said.

He urged commanders to uphold discipline in their commands, be role models to their officers and men, set high standards of conduct and enforce the rules fairly and consistently.

He also directed them to enhance Civil-Military Cooperation and relations with civilians in their areas of operation, noting that the people should see them as partners to be able to support their efforts and cooperate with them.

Ogalla dismissed the allegation that naval personnel were involved in oil theft, assuring that the service would not spare any personnel found wanting or culpable in the crime.

He also charged commanders to be mindful of the welfare of those under them, saying that prioritising the welfare of their subordinates is essential to mission success.

He pledged to provide opportunities for job satisfaction and self-actualisation as well as recognise and reward hard work and dedication.

He added that issues relating to personnel accommodation, uniform items and appointment/draft cycle were already receiving attention.

In his remarks, the Chief of Policy and Plans (Navy), Rear Adm. Joseph Akpan, said the retreat would afford them the opportunity to review the threat environment and their operations, with a view to identifying gaps that could be addressed for better performance.

Akpan expressed hope that the discussions would be incisive, innovative and provocative with a view to have frank discussions about what is working and what is not.

He thanked the CNS for his focused and visionary leadership and assured him that the officers are committed to upholding the highest standard of ethics and integrity. (NAN) (www.nannews.ng)

Source: News Agency of Nigeria

Borno Govt raises concern over proliferation of lottery houses

The Borno Geograhic Information Service (BOGIS), has raised concern over the proliferation of illegal lottery houses in Maiduguri and environs.

A statement by the Executive Secretary of the BOGIS, Adam Bababe, said there was noticeable increase in people leasing out thier lands in residential and commercial areas for such lottery or game house operators.

“BOGIS wishes to inform the public that it has noticed the increase in leasing legally allocated spaces, whether for commercial or residential purposes, to lottery or game house operators which is strictly against the law.

“The presence of these gaming/bet houses within our state has led to numerous complaints from concerned residents because it exposes a significant number of our youth to various forms of criminal and notorious activities, all in the pursuit of funds to finance lottery games.

“In view of these, BOGIS would like to reiterate that providing spaces and shops for lottery and gaming houses contradicts established regulations,” Bababe said.

He noted that Section 13, sub-section 2 of the Borno State Land Use Regulation 2022, mandates title holders to adhere to the terms and conditions of their right of occupancy.

According to him, any deviation from the conditions, including engaging in activities that conflict with approved land use, could result to the revoking the land title.

“Furthermore, Section 205 of the Penal Code laws of Borno State specifies that maintaining a house or place for betting or playing games of chance e.g. bet king, bet Naija, sport bet etc, as well as assisting in such activities, is a criminal offense that may lead to imprisonment.

“It is important to note that the law establishing the Borno Geographic Information Service grants the agency the authority to address any land-related administration and management.

“We kindly request your cooperation in ensuring that our shared spaces are utilized responsibly and in accordance with the law,” Bababe said. (NAN)

Source: News Agency of Nigeria

FG generates N193.59bn from solid minerals in 2021 – NEITI

The Federal Government generated N193.59 billion from the solid minerals sector in 2021.

The sector also contributed N814.59 billion between 2007 and 2021, with the 2021 earnings, the highest.

The Nigeria Extractive Industries Transparency Initiative (NEITI) made this known on Monday in Abuja while unveiling its 2021 Solid Minerals Industry Report, tagged: “Impact built on blocking leakages to grow revenue’’.

The News Agency of Nigeria (NAN) reports that the Secretary to the Government of the Federation (SGF), Sen. George Akume, unveiled the report.

Akume was represented by Dr Maurice Mbaeri, Permanent Secretary, General Services Office, SGF.

The report, the 12th in the series, covers actual payments by 1,214 companies operating in the sector and receipts from three key government agencies.

It covers the quantities of minerals produced, utilised and exported from the sector, reconciled the physical/financial transactions and undertook special verification on some processes.

Presenting the report, Dr Orji Ogbonnaya Orji, Executive Secretary, NEITI, said the figure showed an increase of N60.32 billion or 51.89 per cent growth, when compared to the 2020 revenue flows of N116.82 billion.

This positive trend, he said, reflected a continuation of the upward positive trajectory observed in the sector over the past five years.

“This contribution, though a significant increase over past years, is still abysmal considering the potentials of the sector to the Nigerian economy,” he said.

Orji said the 2021 Solid Minerals report reviewed, ascertained, reconciled and reported all revenues and investment flows to and from government in the solid minerals sector.

He said the NEITI report also covered balances payable/receivable from financial inflows, tracked the funds and utilisation meant for the development of solid minerals in Nigeria.

According to Orji, the funds include Natural Resources Development Fund; Solid Minerals Development Fund; Ministry of Mines and Steel Development’s MinDiver Programme and Solid Minerals Development Funds under the Small and Medium Industries Equity Investment Scheme operated through the Bank of Industry.

A breakdown of the revenues showed that the Federal Inland Revenue Service collected N169.52 billion; Mining Cadastre Office generated N4.3Billion while the Mining Inspectorate Department generated N3.62 billion.

He said the revenue to the federation account from the sector in the past 15 years, which was N818.04 billion was significantly low compared to the economic potential of the sector.

On Production, Orji said the report disclosed that the total volume of solid minerals used or sold in 2021 was 76.28 million tons with a royalty payment of N3.57 billion.

“The minerals with the largest production volume in the year under review are Granite, Limestone, Laterite, Clay and Sand.

“Dangote Plc accounted for the highest production with a total production of 28.8 million tons. Bua and Lafarge accounted for 8.4 and 4.3 million tons while Zeberced accounted for 3.3 million tons respectively.

“Ogun state recorded the highest production in the year under review, with a total of 17.5 million tons followed by Kogi state with 16.3 million tons and Edo with 8 million tons.

“The least production volume was recorded in Borno State with 25,500 tons,” he said.

The NEITI boss said a total of 2,045 licenses were issued with exploration licenses accounting for 840 (increase of 62.79 per cent), Small Scale Mining Lease, 771, Quarry Lease, 255, Reconnaissance Permit. 139 and Mining leases 40.

On Export, he said the total minerals exported in 2021 was 142.54 million tons with a Free on Board value of US$ 101.29 million, an increase of 138.57 per cent from the US$ 42.46 million reported in 2020 report.

He said China was identified as the principal destination of Nigeria’s mineral exports, accounting for 97 per cent and 88 per cent of the export volume and value while other destinations for Nigeria’s minerals included Malaysia, Korea, Thailand and the United Arab Emirates.

On solid minerals contribution to the economy, he said the report revealed that the sector contributed 0.63 per cent to Gross Domestic Product (GDP), while there was improvement compared to previous years where it contributed 0.45 per cent in 2020 and 0.26 per cent in 2019.

According to him, the sector has not yet reached its full potential in making a significant impact on the overall Nigerian economy.

He identified a total of N1.06 billion as outstanding company liability to government within the period under review as a result of failure of some companies to pay their annual service fees for the respective mineral titles.

Annual service fee is a statutory payment by mineral title holders for each cadastral unit on mineral titles. (NAN)(www.nannews.ng)

Source: News Agency of Nigeria