The Special Adviser to the Vice President, Kashim Shettima on Economic Affairs, Tope Fasua, has indicated that Nigeria has all what is needed to overcome all of its current economic challenges given the country’s abundant human and natural resources.
Fasua spoke on Thursday at a colloquium organized in his honour to mark his 52nd birthday anniversary in Abuja.
He said all that the country needs is for it to unlock its full potentials by developing its own “home grown solutions”, and taking advantage of the limitless opportunities that abound in the country to address its needs especially in the short run.
“All I see are Opportunities for development. I do not like to see the economy from the position of its challenges. I see only opportunities and prospects. This economy has not even started yet, hopefully it will start to grow with this administration
Speaking further, he advised that while the country steps up its fight against corruption, the country must not lose sight of the need to grow its economy, pointing out that this can be better achieved by looking more inwardly instead of relying on foreign interventions.
He said Nigeria can start by ramping up production which will then attract more Foreign investment Investments and ultimately create job opportunities, rake in foreign exchange and strengthen the Naira.
Speaking to Journalists on the sidelines, Director General, Bureau of Public Service Reforms, Dasuki Arabi shared similar sentiments with Fasua on the need for government to look inward for answers to Nigeria’s economic challenges.
He noted that President Bola Tinubu had in his inaugural speech set the pace with a clear roadmap towards economic recovery and that with people like Fasua having opportunity to work closely with him, Nigeria will in no time bounce back.
“We are happy he has a place in this government, as I said it we cannot get outsiders to do it for us it has to be a home grown solution to the problem that we are facing and we have a president that is giving people the space to address the challenges and problems facing this country.
“If you look at his inaugural speech he spoke about value addition improvement in foreign exchange earnings
“Most especially that message of saying use what we produce what we eat that will reduce our demand for foreign dependency on import and we look inwards to solving our problem.”
In his goodwill message, former Director General, Nigeria Maritime Administration and Safety Agency, (NIMASA), Dakuku Peterside said the major ingredient needed to jumpstart the Nigerian economy is quality leadership which he said is embodied in the current administration.
Five books authored by Tope Fasua were also presented at the intellectual discourse with many of them providing answers to Nigeria’s economic challenges.
The event had in attendance a crème of other prominent economic experts and policy matters.
AfCTA: Marine and Blue Economy minister delighted as NPA hosts West, Central African Ports in Nigeria
The Minister of Marine and Blue Economy, Adegboyega Oyetola has expressed delight in the prospects of the hosting right conferred on the Nigeria Ports Authority (NPA) for the 43rd Annual Council and 18th Managing Directors’ Roundtable by the Port Management Association of West & Central Africa (PMAWCA).
The NPA won the hosting right in recognition of the remarkable improvements it demonstrated in advancing the frontiers of trade facilitation.
The gathering of 24 littoral African countries scheduled to hold from November 6 to 9 at the Lagos Continental Hotel Victoria Island Lagos is expected to be declared open by President Bola Ahmed Tinubu.
The Council has as theme: “The Role of Ports in the African Continental Free Trade Area (AfCFTA).
The annual council provides a platform for the cross-fertilisation of ideas, experiences and knowledge sharing to guide necessary policy action towards maximizing the maritime comparative advantage of the sub-region.
Speaking on Nigeria’s preparedness and expectations from the conference, the Minister said, “This gathering of maritime experts is very timely as it is coming when Nigeria is eager to provide the leadership necessary to convert our marine and blue economy potentials to actualities in a bid to provide opportunities for our growing youth population.”
He added that, “to demonstrate the premium we place on maximizing the emerging opportunities of AfCFTA which is the focal point of the conference, we have given the Nigerian Ports Authority all the support necessary for a flawless hosting.”
Responding during a media chat preparatory to the occasion at the NPA Headquarters in Marina, Managing Director, NPA, Mohammed Bello Koko, mentioned that, “our confidence in hosting this conference is in demonstration of our readiness to provide regional leadership in ports competitiveness and is inspired by the uncommon trade facilitation orientation of Mr. President who is already endorsing some of our initiatives for the maximization of our littoral assets under the auspices of the Ministry of Marine and Blue Economy.”
DG ACCI commends Dangote group for scaling up volume of Nigeria’s Foreign Exchange
By Ahmed Rufa’i, Dutse
The Director-General of the Abuja Chamber of Commerce and Industry (ACCI), Mrs. Victoria Akwai, has commended Dangote Group of Companies for helping to scale up the volume of foreign exchange through export of his products.
Mrs Akwai who gave the commendation in his speech delivered at the Special Day of the Dangote Group at the ongoing 18th Abuja International Trade Fair (AITF) said exports of the company’s’ products such as Fertilizer, Cement to other countries has boosted Nigeria’s foreign reserve.
She identified Dangote Group of Companies as one of Nigeria’s biggest earners of Foreign Exchange thereby contributing to the growth and development of the country’s economy.
According to her “This year’s Trade Fair looked at the issue of Made in Nigeria, and we are proud that the Dangote Group is the champion of Made in Nigeria products”.
She commended the Dangote Group for the sponsorship of the 18th Trade Fair, which has as its theme: “Sustainable Finance and Taxation as Drivers of the New Economy.”
The Dangote Group’s Executive Director, Government and Stakeholders Relations, Mansur Ahmed, an Engineer, said the company is committed to its industrialization project in Africa.
While noting that the Dangote Group is the biggest employer of labour, he said the company’s’ President Aliko Dangote is passionate about Corporate Social Responsibility (CSR) and Corporate Philanthropy.
Mr. Ahmed commended the Bola Ahmed Tinubu-led government over its reform effort, and numerous steps taken to ginger the economy.
According to Mr. Ahmed the partnership with ACCI offers the company the opportunity to display its numerous innovative products while contributing its quota to the Nigerian economy through Trade Fairs and expos.
At the trade fair, the company’s pavilion became a mecca of a sort as participants trooped to catch glimpse of the several innovative products on display.
A statement by the Branding and Corporate Communications Department of the company said a special help desk has been set up at the company’s pavilion to respond to queries while urging participants to leverage on the numerous innovative products which included the: Dangote Fertiliser, Dangote Sugar, Dangote Cement, Dangote Salt, and lots more.
The Trade Fair will run between September 28 and October 9, 2023.
Amb Oluwafemi hails Tinubu on diplomatic shuttle that halted UAE-Nigeria Visa Impasse
***Says billions in investments anticipated as arilines resumes
***Hails Aviation minister, Keyamo for being proactive over the issue
President Ahmed Bola Tinubu’s diplomatic moves that resolved the consular and economic relations with President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, in Abu Dhabi, is a masterstroke that will usher billions of investments in to the country, the CEO of the Africa Development Study Centre (ADSC), Ambassador Victor Walsh Oluwafemi has indicated.
To start with he said, the move he said resulted in the immediate cessation of the visa ban placed on Nigerians.
Recall that the impasse was very much in force before President Tinubu emerged as the Nigerian number one citizen last May.
Ambassador Victor Oluwafemi who is a seasoned management consultant of continental level applauded the president on the landmark in a statement he personally signed on Tuesday.
He explained that the development which banned Nigerian travelers nine months ago took a new twist after President Tinubu met with the UAE leader and this has led to the immediate resumption of flight schedules for both Etihad Airlines and Emirates Airlines into and out of Nigeria which is welcoming and salutary.
Mainly Instructive in his view is adding momentum to his drive to give greater investment opportunities to Nigerians at home and the diaspora.
He reiterated that President Tinubu is the first Nigerian Politician that has deliberately prepared himself for authentic leadership because of his uncommon supports for the Nigerian people since assumption of office particularly in foreign policy interventions and domestic governance ecosystem in the last 100 days.
According to him, the significant gesture in boosting Nigeria-UAE cooperation economically and geopolitically is second to none in the political history of Nigeria.
He stated that an economically stronger Nigeria would certainly help augment both the scope and level of cooperation between Nigeria and the UAE. The trade volume between the two sides will increase beyond our imagination.
He, therefore, appealed to other political parties and strategic stakeholders in the Nigerian project to engage with the Tinubu led administration to chart a pathway to national building efforts for shared prosperity particularly from the several billions of U.S. dollars’ worth of foreign direct Investments and new trade portfolios into the Nigerian economy across different sectors which is a sweet smelling savour for a new national rebirth.
Ambassador Oluwafemi also hailed Aviation minister, Festus keyamo, SAN for being proactive over the UAE debacle.
He said: “Within such a short period the aviation minister has proven to Nigerians that his administrative capabilities are not in doubt.
“Definitely the UAE issue was acidic but Keyamo pulled it through barely three weeks in office as minister.
“His moves at the airports particularly in the major gateways of our country are laudable,”.
Victor, who’s also the President of the African Air Passengers Rigth Association (APRASS) and a UAE resident, thanks the UAE President for resolving the issues swiftly and the Minister of Aviation for being proactive on this issue and the airport relocation.
He commended him and advised the association should be involved in the ministry’s activities especially the current committee that was set up because the airline users are the major stakeholders in all activities concerning the airport and the airlines.
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