Connect with us
nairametrics

Business News

Obasanjo backs Buhari’s border closure commitment 

Chief Olusegun Obasanjo has shown his support for the border closure as he tagged Benin Republic the dumping ground for goods. 

Published

on

Obasanjo backs Buhari's border closure commitment , Nigeria debt profile: Bankruptcy looms, Obasanjo tells FG  

Former President of Nigeria, Chief Olusegun Obasanjo, has shown his support for the border closure as he tagged Benin Republic the dumping ground for goods.

This he said during a news briefing on Tuesday in Addis Ababa. The news briefing was organised on the margins of Policy Dialogue of African Business Associations on implementing the African Continental Free Trade Area (AfCFTA) Agreements.

Obasanjo urged Benin to change its ways for a harmonious bilateral relationship between the two countries. According to This Day, he explained that Nigeria had endured smuggling and the likes for a long time. This, he said had undermined the country’s economic well being.

Obasanjo backs Buhari's border closure commitment 

Chief Olusegun Obasanjo

Obasanjo further noted that the Economic Community of West African States (ECOWAS) was not created to allow one country to turn itself to a dumping ground.

GTBank 728 x 90

“It happened when I was President of Nigeria. I called the then Benin President, Nicephore Dieudonne Soglo, to let us meet at any of our border posts over the issue. We eventually met at Badagry (in Nigeria), where we agreed that Nigerian Customs would be stationed in Benin. 

“They (the Nigerian Customs) are still there. We don’t have issues with goods manufactured in Benin — they are welcome. But as long as Benin allow dumping of goods, there will always be a problem with Nigeria,” Obasanjo said.

[READ MORE: Economy: FG restates commitment to border closure]

GTBank 728 x 90

In a recent Nairametrics publication, the Minister of Information and Culture, Alhaji Lai Mohammed reiterated the government’s plan to keep the border closed. He said the Jan 31 deadline might be extended.

The minister listed some of the positive results achieved thus far due to the border closure. On the economic front, he said the partial closure of the border had helped curb the smuggling of rice and other prohibited items resulting in increased production and milling, as reported by the Rice Millers Association of Nigeria.

Also, he explained that revenue accruing to the government had improved as importers now pass through legal procedures to ship in products through the seaports while diversion of imported petroleum products had been curbed.

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - [email protected]

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Coronavirus

COVID-19 Update in Nigeria

On the 30th of September 2020, 201 new confirmed cases and 1 death was recorded in Nigeria

Published

on

The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 58,848 confirmed cases.

On the 30th of September 2020, 201 new confirmed cases and 1 death was recorded in Nigeria, having carried out a total daily test of 2,549 samples across the country.

To date, 58,848 cases have been confirmed, 50,358 cases have been discharged and 1,112 deaths have been recorded in 36 states and the Federal Capital Territory. A total of 509,555  tests have been carried out as of September 30th, 2020 compared to 507,006 tests a day earlier.

COVID-19 Case Updates- 30th September 2020,

  • Total Number of Cases – 58,848
  • Total Number Discharged – 50,358
  • Total Deaths – 1,112
  • Total Tests Carried out – 509,555

According to the NCDC, the 201 new cases were reported from 13 states- Lagos (77), Rivers (37), Plateau (25), FCT (13), Kaduna (12), Ogun (12), Adamawa (8), Taraba (7), Imo (4), Kwara (2), Osun (2), Abia (1), Oyo (1).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 19,461, followed by Abuja (5,709), Plateau (3,450), Oyo (3,261), Edo (2,626), Rivers (2,432), Kaduna (2,419), Ogun (1,850), Delta (1,802), Kano (1,737), Ondo (1,631), Enugu (1,289), Ebonyi (1,040), Kwara (1,036), Abia (895), Gombe (883). Katsina (861), Osun (839),  Borno (745), and Bauchi (699).

GTBank 728 x 90

Imo State has recorded 572 cases, Benue (481), Nasarawa (450), Bayelsa (399),  Jigawa (325), Ekiti (321), Akwa Ibom (288), Niger (259), Adamawa (248), Anambra (237), Sokoto (162), Taraba (102), Kebbi (93), Cross River (87), Zamfara (78), Yobe (76), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

GTBank 728 x 90

The movement restriction, which was extended by another two-weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

 

Jaiz bank ads

Fidelity ads

 

 

Continue Reading

Business

Lagos cancels parade, opts for a low-key celebration of Independence Day

Due to the threat of the novel coronavirus, the Lagos state government has said it would observe a low-key celebration.

Published

on

Lagos dismisses levy on audio and visual contents, suspends LSFVCB boss, Lagos SEC meeting goes virtual as full lockdown commences, Partial lockdown guidelines for businesses from May 4, Nigeria @ 60: Lagos State Government opts for a low-key celebration of the Independence Day

Lagos State government has opted for a low-key celebration of the 60th independence anniversary of the nation. This decision is due to the ravaging effects of the COVID-19 pandemic, which is still with us.

This statement was made by the Government of Lagos State today, via its official Twitter account.

Governor Babajide Sanwo-Olu has directed that the planned Independence Day Parade at the Agege Stadium by 9 a.m and other activities that involve the gathering of more than 50 people should be canceled.

He congratulates Lagosians on this auspicious occasion and strongly advises that they should celebrate quietly at home and pray for the country. He asked that they should also observe the COVID-19 protocols, including wearing of face masks to protect themselves and their loved ones.

GTBank 728 x 90

(READ MORE:Lagos approves resumption of full services for churches, mosques)

The Governor urges Lagosians not to let down their guards on COVID-19 so as not to reverse the gains that the state has made in fighting the disease.

The governor congratulates Lagosians on the auspicious occasion and strongly advises that they should celebrate quietly at home and pray for the country. They should also observe the COVID-19 protocols, including wearing of face masks to protect themselves and their loved ones.

GTBank 728 x 90

Continue Reading

Business

Lagos takes major step towards delivery of Fourth Mainland Bridge

The Governor revealed that the proposed bridge has been well integrated into the overall Lagos Master Plan.

Published

on

Lagos to construct rail line to airport terminal for international passengers, COVID-19: Lagos State to begin curfew on Sunday to disinfect metropolis, Lagos state government discharges 7 more coronavirus patients, Lagos state will reverse to full lockdown, Sanwo-Olu to virtually inaugurate projects as he presents scorecard of first year in office, Lekki regional road: Sanwo-Olu revokes land titles of Elegushi Royal family

The Lagos State Government has taken a major step towards the realization of the Fourth Mainland Bridge by the hosting of the first stakeholders meeting on Environmental and Social Impact Assessment for the construction and launch of the Bridge’s logo.

Speaking at the meeting, the Lagos State Governor Babajide Olusola Sanwo-Olu, who was represented by his Deputy, Dr Kadri Obafemi Hamzat, described the event as a significant one in the joint effort to change the narrative of the socio-economic development of the State, through the provision of critical infrastructure for sustainable prosperity.

The Governor revealed that the proposed Fourth Mainland Bridge has been well integrated into the overall Lagos Master Plan in relation to transportation infrastructure, adding that the project allows for the first time, direct access from the large suburb of Ikorodu to the Island and the Lekki Free Trade Zone area.

Sanwo-Olu disclosed that the state government reactivated the construction of the bridge in October 2019 with the development of a 6 step process that will lead to the selection of a suitable concessionaire in line with global best practices. He noted that the present administration has left no stone unturned in ensuring that the strategic project becomes a reality.

The Governor emphasized that the stakeholder-engagement and consultation on Environmental and Social Impact Assessment was a precursor to the third step, which will involve issuing a Request for Proposal to the six consortia for the presentation of their respective financial proposals and methodologies for carrying out the project.

GTBank 728 x 90

According to him, “The stakeholders’ meeting was organised to open the project to further inputs, comments, ideas and observations for incorporation into the ongoing social and environmental impact assessment. We hope the meeting would boost the acceptability and implementation ratings of the 4th Mainland Bridge in line with global best practices”.

In her welcome address, the Special Adviser to the Governor on Works and Infrastructure, Engr. Aramide Adeyoye stated that the meeting was another bold step by the present administration towards ensuring the buy-in of Lagosians into the government project and another fulfilment of the promise of Mr Governor to adopt inclusiveness as a tool for governance.

While giving assurances of his unalloyed support towards the project, the Minister for Works and Housing and former Governor of the State, Mr Babatunde Raji Fashola, represented by Dr Adetunji Adeoye, commended Lagos for the construction of the Fourth Mainland Bridge, adding that the construction will create a lot of activities and job opportunities for residents.

GTBank 728 x 90

The Minister of State for the Environment, represented by Mrs Oluwatoyin Agbenla, described the Fourth Mainland Bridge as an endearing project to the citizens, which will be executed with the highest levels of environmental sustainability.

Nairametrics, last month, reported that the Lagos State Government has shortlisted 6 companies for the design, development, construction, operation, and maintenance of the Fourth Mainland Bridge. This followed the government’s issuance of a Request for Qualification (RFQ) in February this year. The 6 companies were said to have completed the technical and financial capacity requirements.

Lagos State said it will announce the selection of the next stage in due course, even as the RFQ will be given to the pre-qualified bidders.

The Fourth Mainland Bridge is a 37.4km freeway subdivided into three sections namely Island Section, Lagoon Section and Mainland Section. It will commence from Abraham Adesanya Roundabout in Lekki through Ajah and Langbasa areas, crossing the Ado Badore Road before arriving at the Lagoon shoreline.

The road crosses the Lagoon via a 4.5km Lagoon Bridge landing between Bayeku and Ijede villages, passing through Ikorodu-Epe expressway to further link Isawo Road and from there to Lagos/Ibadan Expressway.

Jaiz bank ads

Fidelity ads

 

Continue Reading
Advertisement
Advertisement
Advertisement
ikeja electric
Advertisement
Advertisement
Patricia
Advertisement
FCMB ads
Advertisement
IZIKJON
Advertisement
Fidelity ads
Advertisement
first bank
Advertisement
bitad
Advertisement
deals book
Advertisement
financial calculator
Advertisement
deals book
Advertisement
app
Advertisement