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Business

Trade Minister hails WACOT’s certifications to export organic sesame globally

The Minister of Trade has commended WACOT Limited for its recent certification to export organic sesame globally.

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AfCFTA: Trade Minister advises Nigerian businesses to take opportunity of agreement

The Minister of Industry, Trade and Investment, Niyi Adebayo, has commended WACOT Ltd, a leading food and agro-allied company, for its recent certification to export organic sesame globally.

According to the information contained in the company’s press release, the certification was issued by the international certification organization, ECOCERT.

The Minister made this commendation in his office in Abuja while receiving the ECOCERT certifications presented to him by the National Sesame Seed Association of Nigeria (NSSAN), the management of WACOT, stakeholders in sesame production, and the Nigeria Export Promotion Council (NEPC).

What you should know

WACOT Ltd, a member company of the TGI Group, is known for its sizeable investments in the value chains of various crops across Nigeria.

The first certification, which the France-based ECOCERT conveyed to WACOT Limited, is an approval to export sesame across the world.

Meanwhile, the second certification on January 8 gave approval for WACOT to export sesame to the United States, having met that country’s Department of Agriculture (USDA) organic regulations.

What they are saying

The Minister assured the delegation of the government’s support, as the present administration would not relent in creating an enabling environment for innovative agro-allied companies like WACOT.

“This government is all about encouraging and supporting indigenous companies, especially those in the agro-allied sector, to be successful within and outside the country.

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“The present administration is serious about weaning our economy off oil, and agriculture is a major priority. It is in this light that I commend your resourcefulness and diligence for getting the certifications,” he said.

Sadiq Kassim, TGI Group’s Director (Corporate Affairs) who is also the Deputy National President of NSSAN, explained that the stakeholders in the agro-allied value chain are committed to placing Nigeria on the global map of organic sesame production.

Speaking about the certification, Kassim said:

“We are delighted to have received these certifications that permit us all levels of sesame handling from farming to export to the United States, Europe and Asia, among others. We are happy to be supporting the government’s economic diversification effort.

The government has supported agriculture, and we felt that we could further assist by obtaining the certifications to export organic seed and bring in foreign exchange.”

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Why this matters

The approval given to WACOT by ECOCERT to export organic sesame globally through the recent certification will help in boosting Nigeria’s foreign exchange income through sesame export, and also help in diversifying the economy from crude oil, in line with the government’s economic diversification effort.

Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor. He is a business owner and a stern advocate of Financial literacy, who believes in the huge economic prospect of the Nigerian Payment channels and Fintech space.

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Business

JAMB: How to register for the 2021 UTME examinations

JAMB stated that the registration for the examinations has now commenced in full swing as all the issues have been resolved.

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The Joint Admissions and Matriculation Board (JAMB) had about 3 weeks ago announced the commencement of the 2021 Unified Tertiary Matriculation Examination and Direct Entry registration exercise on April 8, 2021, to May 15, 2021, with National Identification Number (NIN) made mandatory at the point of registration.

This was put on hold due to the exam body’s effort to ensure that candidates have access to its registration app for the 2021 UTME/DE and also finalise work on its pin vending process before the take-off of the exercise.

However, in a new statement, the spokesperson for JAMB, Dr Fabian Benjamin, said the registration for the examinations has now commenced in full swings as all the issues have been resolved.

JAMB in its public communications gave a guide on how to register for the UTME.

READ: How to link your National Identity Number with your phone number

How to register for the 2021 UTME

  • VALID, FUNCTIONAL E-MAIL, PHONE NUMBER: The applicants must have a valid and functional e-mail account in addition to an active phone number. This is relevant for registration and sending and receipt of information from JAMB.
  • NATIONAL IDENTIFICATION NUMBER (NIN): JAMB has made it mandatory for applicants or potential candidates to provide their NIN at the point of registration or enrolment.
  • VISIT JAMB WEBSITE: After having your email address and NIN, the applicant can proceed to the examination body’s website, where he/she can create a JAMB profile, preferably before buying the form.
  • CHECK JAMB iBass: After creating a profile, you are advised to check JAMB iBass to be sure of your eligibility to take this year’s examination. The information is provided on the official website of the exam body.
  • JAMB e-pin: After confirming your eligibility, you can go ahead to buy your 2021 JAMB e-pin registration from banks and other accredited outlets.
  • CBT CENTRE: Then, proceed to any accredited 700 computer-based test (CBT) centre with your personal details and your profile code.

READ: JAMB sets date for 2021 UTME registration and examination, makes NIN mandatory

What you should know

JAMB a few days ago confirmed the commencement of registration for the 2021 UTME/DE examinations after the initial hiccup.

It stated that applicants must provide NIN at the point of registration with the registration by Direct Entry candidates to run concurrently with that of UTME candidates.

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JAMB also said that the mock examination is expected to hold on Friday, April 30, 2021, for those who indicate interest and are registered before April 24, 2021, with the registration fee for the application still N3,500 and N500 for recommended Reading Text.

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Business

Customs Apapa Command generates N159.58 billion revenue in Q1 2021

Most revenues came through customs duty and charges.

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Here's how much Lagos-Apapa Customs Command generated in 5 months

The Nigeria Customs Service (NCS) Apapa Command stated that it has generated a revenue of N159.58 billion in the first quarter of 2021.

This was disclosed by Ibrahim Yusuf, the Area Controller at Apapa Customs Command, in an interview with newsmen on Monday.

He added that most revenues came through customs duty and charges, citing a 44.8% revenue increase on duty collection compared to the N110 billion generated in the same period in 2020.

READ: Vitafoam declares N1.11 billion as profit in the first quarter of its financial year 2020/21

“The difference recorded was made possible because of robust stakeholders engagement, officers’ resolve in discharging their duties and increased level of compliance in the trade zone,” he said.

He added that the total seizure for the first quarter stood at 28 containers of goods with DPV (Duty Paid value) of N1.87 billion.

“The containers had rice, wheat declared as supermarket items, medical soap declared as baking powder, tramadol and others.

“These are all importations in breach of sections 46, 47 and 161 of the Customs and Excise Management Act CAP C45 LFN 2004 and Schedules 4 and 6 of the Common External Tariff (CET).

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READ: Customs revenue rises by N200 billion to hit N1.5 trillion in 2020

“These cases are at various stages of investigation and in due time will be revealed,” he disclosed.

The Customs boss also revealed that exported goods from Apapa were valued at N41.55 billion in Q1 2021, including manufactured goods such as soaps, textiles, noodles, and agricultural products such as cashew nuts, hibiscus, sesame seeds and other mineral resources.

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