Category: Industry

  • SON seals warehouse for unwholesome products in Lagos

    SON seals warehouse for unwholesome products in Lagos

    The Standards Organisation of Nigeria (SON) has sealed a warehouse and shops stocked with unfortified pasta, flour and sugar in different areas in Lagos.

    It also raided major markets in the state as part of its ongoing efforts to stem the tide of substandard products in the country.

    SON’s Director-General, Osita Aboloma, said the warehouse and shops contained products that were unwholesome and therefore, risky for human consumption.

    He said the products were brought into the country with no import documentation and registration numbers, adding that they could lead to dangerous health hazards for unsuspecting consumers, who buy them.

    Aboloma said the raid followed intelligence reports from sister security agencies and the cooperation of patriotic Nigerians, adding that the enforcement would continue as a way of ensuring that only goods that meet the minimum requirements of the Nigeria Industrial Standards (NIS) or other approved standards are sold in the country.

    “The seized products do not meet our standard specifications, a critical part of which is the regulation on fortification with Vitamin A. There were no documentations to show how they got into the country and evidence of being registered under our electronic product registration scheme. They are not supposed to be on our shelves,” Aboloma said.

    He said the sale of unfortified pasta, flour and sugar in the country is particularly worrisome, considering that there is a government policy on their fortification with Vitamin A as a way of preserving the sight of Nigerians. “Flour, pasta, vegetable oil and sugar are foods that Nigerians consume regularly and if they are not fortified with the necessary vitamins as provided in the relevant standards, the Nigerian consumers would be prone to such illnesses as blindness and other sight problems,”he said.

    Aboloma, who was represented by the Deputy Director, Market Surveillance, Suleiman Issa, added that the campaign to eradicate substandard imported sugar, flour and flour products in the country would continue, assuring Nigerians that wherever these products are found, they would be removed.

    “These products have not been registered with SON for traceability and quality verification. I will advise Nigerians to look out for the registration numbers of SON and National Agency for Food, Drug Administration and Control (NAFDAC) on imported food products before purchase.

    “Any uncertified, unregistered and smuggled product is very risky and most likely unwholesome for consumption. Any pack of these imported non-conforming flour-based products found in our markets would be removed and the owners held accountable until they take us to the source,” he said.

    Mr. Aboloma said SON’s effort to stamp out substandard products in the country required the collective efforts of Nigerians, urging market women not to patronise uncertified and unregistered brands. He advised importers and vendors to desist from selling flour-based products that can endanger people’s health.

    “This is just the beginning. We will continue the exercise, and that is why we are urging Nigerians to be wary of unfit imported products. We are aware that some of these products are smuggled in the dead of the night, using unofficial routes. We will continue to checkmate those behind their importation,”he said.

    According to him, SON would intensify its efforts at sensitising the Nigerian populace on the implication of patronage and consumption of uncertified and unregistered imported products, which have negative implications for local industries in addition to constituting health and economic risks.

    He said most of such products dumped in Nigeria cannot be sold in their countries of origin, but are shipped to Africa and smuggled in through unauthorised routes.

    The state co-ordinator, Lagos Office III, SON, Mrs. Ngozi Ekwueme, warned that the consumption of the products that lack Vitamin A fortification puts the average Nigerian, who patronises them the most, at a risk of blindness.

    Globus Supermarket Manager,  whose warehouse was sealed, said he did not know the implications of consuming the products.

    He urged the Federal Government to do more enlightenment programmes to educate vendors and consumers.

  • US trains 460 students, teachers on robotics

    The United States Diplomatic Mission to Nigeria, in collaboration with RoboRave International, a US-based robotics education academy, has begun a week-long robotics workshop for 460 elementary, secondary and university students, STEM teachers, robotics enthusiasts, and scientists.

    Holding at the American corner at the Co-Creation Hub (CCHUB), Yaba, Lagos, it will end at the Olusegun Obasanjo Presidential Library Complex, Abeokuta, Ogun State.

    The workshop seeks to boost technology education by engaging the participating students in hands-on robotics activities to stimulate their interest in mathematics and science as well as careers in the STEM fields.

    One hundred robots will be donated to participating schools in Lagos and Ogun states, many of them with little or no experience in robotics. This is expected to provide the students and their teachers with an opportunity to put their skills to use on the completion of the training.

    The US Consul-General, F. John Bray, explained that the US Mission was supporting the capacity building workshop in hopes that participants will be inspired to work collaboratively with the aid of technology to create innovative solutions to shared global challenges.

    “In a world that is becoming increasingly technology-driven, it is more important than ever before for our youth to be equipped with the knowledge and skills to become innovators, educators, researchers and leaders, who can solve the most pressing challenges facing our world, both today and tomorrow.

    “We are honoured to support this initiative, which promotes science, technology, engineering, and mathematics subjects collectively known as STEM in Nigeria,” Consul-General Bray said.

    Programme partner and Director RoboRAVE Nigeria, Mr. Kingsley Imade, explained that the training sessions would be facilitated by an international faculty, including RoboRAVE International Director of Global Programmes Russ Fisher-Ives and RoboRAVE North American Director, Brian Montoya.

    According to him, the sessions, focusing on robotics designs and programming, will provide a platform for teachers to learn how to implement the STEM approach in the educational process via practical scientific activities throughout the training days.

    “An education to develop robotics skills places students on track to develop such STEM enabling competencies like critical and computational thinking, collaboration and creativity that have life-long advantages,” Director, RoboRAVE Nigeria, Kingsley Imade, said.

     

  • Edo investment summit: Sustainable future beckons

    Edo investment summit: Sustainable future beckons

    The Edo State Government plans to host a three-day business/investment summit tagged “Alaghodaro Investment Summit.” With the theme “Envisioning the future”, it promises to be the template for leveraging a robust private sector partnership to open up investment opportunities in various sectors.  Asst Editor OKWY IROEGBU-CHIKEZIE reports that the state also plans to ride on the summit’s platform to domesticate the Federal Government’s Economic Growth and Recovery Plan (EGRP).

    The economic development agenda of the Governor Godwin Obaseki-led administration in Edo State is on course. The governor, who has not hidden his intention to strategically position the state for life without oil, has concluded plans to unveil an economic blueprint fashioned after the Federal Government’s Economic Growth and Recovery Plan (EGRP) launched by President Muhammadu Buhari in April.

    The EGRP, a 168-page medium-term economic plan, charts a course for the economy over the next four years. Its vision is to boost growth, invest in Nigerians, and build a globally-competitive economy. It envisages that the economy will return to sustainable, inclusive and diversified growth, and also transform Nigeria from an import-dependent to a producing economy.

    The EGRP document has been described by many experts in economics and public administration as a well-articulated principles for managing the economy. Dr. Alex Oti, a banker, said: “The EGRP represents the first blueprint by this administration to not only deal with the present economic meltdown, but also ensure growth in the medium term.”

    This is why, in line with its provisions for the growth of the non-oil sector, the Obaseki-led government plans to use the platform of the maiden edition of its summit tagged “Alaghodaro investment summit” to unveil a domesticated EGRP. The summit with the theme “Envisioning the future” will hold in Benin City, the Edo State capital.

    Alaghodaro is a Benin catch phrase meaning ‘Progress’ or ‘Moving forward.’ According to its organisers, it will bring together top-notch Nigerian and international business leaders, investors, bankers, industry experts, policymakers and the academia, to set the agenda for the state’s development. It will showcase how Edo intends to partner the private sector to leverage its competitive advantage in various sectors for sustainable  growth.

    With the state’s economic development plan geared towards opening up investment opportunities, with priority given to initiatives that prioritise its competitive advantage in agriculture, the summit, The Nation learnt, will showcase the administration’s ambitious agricultural programmes that gave birth to the Edo Fertiliser and Chemical Company aimed at boosting the local production of fertiliser.

    The Edo Fertiliser Plant and Chemical Company Limited, recently inaugurated by Vice President Yemi Osinbajo, in Auchi, is a public-private venture, which can produce about 60,000 metric tonnes of fertiliser yearly. Also to be paraded at the summit is  Saro Farm in Sobe, Owan West Local Government Area, where harvest is ongoing.

    No doubt a template for leveraging a robust private sector partnership to open up  investment opportunities, the Saro Farm is the outcome of a Public-Private Partnership (PPP) initiative with Saro Agro Sciences Ltd., a leading company in agribusiness. It was conceived by Obaseki to create jobs for youths across the state.

    According to Obaseki, the maize farm was part of his administration’s accelerated agriculture initiative to boost job creation in the state. He told excited and expectant indigenes that between 50, 000 and 80, 000 agricultural jobs would be created before the end of the year in the state. The first phase of the initiative targets job creation for 1,000 farmers through the cultivation of 5,000 hectares of maize farms across five local government areas of the state.

     

    The road to an industrial hub

    Apart from agriculture, which has got a major boost with the adoption of contract farming, partnership with SARO Group on maize farming, the state government under Obaseki’s watch is also making frantic efforts to industrialise the state and create jobs.

    For instance, the Edo Industrial Park, which has received positive reviews by analysts, will top discourses at panel and technical sessions during the summit.

    On completion, the park will be linked to the Azura-Edo Independent Power Plant (IPP), under construction. The project is situated close to Nigeria’s main trunk line, the Escravos Lagos Pipeline System (ELPS), which is only 1km from the Azura-Edo project site.

    Aside these, there is a plan to transform the state into a transport hub, with the anchor being the Gelegele Seaport, which would aid the evacuation of agricultural produce for local and global markets.

    The resulting jobs that would be generated from these ventures are expected to usher the state into a new order of economic growth. The 200,000 job target will be reviewed at the event with the sectors that can produce the highest number of jobs, as encapsulated in the EGRP.

    Infrastructure is also top priority for the Obaseki administration. This informed the creation of a separate Ministry of Infrastructure in the state to drive the realisation of the Gelegele Seaport, the expansion of the Benin Airport in partnership with the Federal Government and the construction of intra-city and inter-state roads, among other projects.

    Perhaps, more importantly, the Ease of Doing Business also received the EGRP attention. For instance, Nigeria is ranked 169 out of 190 countries on World Bank’s ‘Ease of Doing Business’ index. The plan envisages improved ranking to 100 during the EGRP.

    Consequently, the government as part of removing barriers to trade and investment, signed the Private Property Protection Law. The law criminalises the  Community Development Associations (CDAs) activities. The CDAs were notorious for harassing land owners by making them pay illegal levies and selling people’s property until the PPA Law was put in place by the Obaseki-led government.

    The passage of the PPP law effectively outlawed land speculators and grabbers, who for years tormented investors.This has cleared the space for investors to site factories and industries in parts of the state without fear of intimidation from anyone.

    As part of its vision of making the state accountable, transparent and a darling for local and foreign capital inflows, the  government  insists on the adherence to its public procurement laws in sourcing of services and goods, which eases business transactions with the State Government.

    Shedding light on the planned summit, Chairman of the Planning Committee, Asue Ighodalo, said: “The summit is designed to foster knowledge sharing, build relationships, spark innovation and inspire commitment to strategic deployment of capital for greater socio-economic and environmental impact.”

    Ighodalo, an investment lawyer, sits on the board of Nigerian Economic Summit Group (NESG). He has been the chairman of Sterling Bank since 2014  and director of private companies and non-governmental organisations (NGOs),including the Christopher Kolade Foundation, FATE Foundation, Lagos State Lottery Board, Main Street Technologies Limited, Union Bank (UK) among others.

    It is easy to see why the government through the summit is engaging investors and thought leaders on the immense potential that the state has. For instance, on a scale of one to 10, Edo ranks eight as the most likely state to be self-sustaining for its natural resources. The state has oil, immense potential in water and other natural resources, a population that can easily attract outside and foreign investments.

    Despite, Obaseki is cautious that this may not last. He said: “Oil has been the driving force of our economy both at the national and state level. The real challenge for us as a people is not necessarily what happens now, but what happens when the oil wells dry up and we can no longer generate foreign exchange from the sale of oil.”

    The governor said: “Alaghodaro is the response of the government of Edo State to this challenge. We understand that to ensure a sustainable future for our children we must take deliberate action today towards developing the non-oil sectors and diversifying our economy.”

  • 33 Japanese firms for Lagos fair

    33 Japanese firms for Lagos fair

    Japan External Trade Organisation (JETRO), a Japanese government-related organisation that promotes mutual trade and investment between Japan and other nations, on Wednesday announced that the Japanese Pavilion at next week’s Lagos International Trade Fair 2017 will feature 33 Japanese brands.

    The 10-day Lagos International Trade Fair kicks off on Friday, November 3, 2017. And from the Japanese Pavilion, which is one of the biggest at the fair, the 33 Japanese firms will be showcasing their products and technologies to Nigerian businesses and individuals. It is JETRO’s fourth year of participation since 2014.

    Speaking at a press conference in Lagos, Trade Commissioner and Managing Director of JETRO Lagos, Taku Miyazaki, said many Japanese companies are keen to enter and expand their businesses in Africa’s biggest market, as Nigeria sees the sign of recovery from economic recession.

    The recession was responsible for the decline in trade between Japan and Nigeria. 2015 and 2016 saw decrease in both import and export. For instance, in 2016, Nigeria’s import from Japan decreased by 9.0 per cent to $326.1 million, while her export declined by 70.0 per cent to $849.6 million

    Although, Miyazaki attributed the decline to the continued lower gas price (for Japan’s import) and forex scarcity (Japan’s export), he said despite the decline, the number of Japanese affiliated companies in Nigeria increased by four in 2106.

    “This shows nothing has changed on the huge potential of Nigeria and how strongly Japanese companies are eager to tap into this lucrative market,” Miyazaki said.

    He listed Suntory Food and Beverage Nigeria as one of the four new Japanese companies, which will be bringing their locally produced soft drinks, ‘Lucozade’ and Ribena’ to the Japan Pavilion at the forthcoming trade fair.

    He also announced that Honda Manufacturing (Nigeria), which has a long history of manufacturing motorcycles in Nigeria since 1979, will use this year’s trade fair as the first appearance of their new motorbike model “Ace 110”.

    “Nigerians know our quality. But the challenge has always been comparatively higher price. So, we made our new model to be more affordable, which I would like many people to see at the trade fair”, he added.

    Other exhibitors include Canon Central and North Africa, Brother International, CFAO Yamaha Motor Nigeria, Suzuki Motor, Koncept Autocentre(partner of Isuzu Motors), Massilia Motors (partner of Mitsubishi Motors), Sims Nigeria (partner of Panasonic Marketing & Services Nigeria), and R.T. Briscoe Nigeria (distributors of Toyota’s trucks, forklift, etc.).

    The Trade Commissioner added that Small and Medium scale Enterprises (SMEs) producing high quality products and companies with new type of businesses will also be participating in the fair.

    He said, for instance, that Heiwa Foods Industry will be bringing their ‘Japanese Curry’ to Nigerians’ dinner tables, together with their Nigerian partner, Green Diamond.

    Miyazaki also said cookpad, a cooking recipe sharing social media, which is one of the most popular cooking websites among Japanese people, has launched its Nigerian page in March. They are eager to promote the brand at the trade fair to fascinate Nigerians.

    According to him, the activities of Japanese companies in Nigeria are contributing to Nigeruia’s economic development. “They create jobs, educate staff, transfer technology and share values of Japanese craftsmanship, which is the key agenda of the Federal Government and its Economic Recovery and Growth Plan (ERGP)”, Miyazaki said.A

  • Community unveils N15m empowerment scheme

    The Aghajiaku Age Grade, Lagos branch has unveiled a N15 million Charity Fund aimed at reducing poverty and empowering the people of Nnokwa Community in Idemili South Local Government Area of Anambra State.

    Its Patron, Prince Uche Ezeagwu, said the Fund would help people that are financially  challenged in the community.

    Speaking at the Aghajiaku Age Grade’s Golden Jubilee symposium and inauguration of patrons and Board of Trustees (BoT) in Lagos, Prince Ezeagwu said the Age Grade would use the Charity Fund to complete its charity projects and scheme.

    He explained that Aghajiaku Age Grade was formed to bring development into Nnokwa community and empower its people who have one challenge or the other.

    “In 1992, we had set up a scheme for people who are into business or people that are working and for one reason or the other, they were laid off or their businesses had challenges.

    “Such people can come to us and when we investigate such a situation, we give them an opportunity to get back to life. We empower them with money and some of them are given gifts while some are given zero interest loans,” Prince Ezeagwu said.

    According to him, people who have visa are given money to purchase their ticket and Basic Travel Allowance (BTA), adding that the Age Grade also supports motherless homes and other physically-challenged groups with money, clothing and food stuff on annual basis.

    “We resuscitate some projects. There are some families we go to in some communities in Lagos, Suleija, Anambra, Abuja, and Nasarawa, you don’t believe people are living there.

    “So, we renovate their homes. Through this fund we empower them financially and materially. We also renovate dilapidated schools in our community,” the pioneer patron said.

     

  • SON warns importers against incessant false declaration

    SON warns importers against incessant false declaration

    The Standards Organisation of Nigeria (SON) has warned importers against making false declaration.

    Its Director-General Osita Aboloma, gave this warning during a stakeholders’ forum on the ease of doing business.

    Aboloma, represented by the Director, Inspectorate and Compliance, Mr. Bede Obayi, said it was important for importers to make use of the trade facilitation initiatives and opportunities that the Federal Government had provided.

    While lamenting that most importers falsely declare what they import, he said importers must desist from making false declaration.

    Aboloma said: “What you say you are bringing in as declared with our independent accredited firms overseas must be what you are bringing in at the point of entry so that we will give these products express entry into the country.

    “This is why we are organising this forum to make stakeholders in the import business aware of the role they have to play to achieve the Federal Government’s ease of doing business mandate.

    “We want to make sure that they continue to do things right. Importers have a responsibility in the ease of doing business and we want them to talk to us and tell us where the shoe pinches.”

    The SON DG said the agency had put the standards operating procedures for exporters, which will make business easy for them while they give value to consumers in terms of service delivery.

    “We cannot allow non-compliant trade in Nigeria. Anybody that wants to import must do that according to our conformity assessment programmes,” Aboloma said.

    He pointed out that the agency had ensured that all its operations were properly documented and uploaded on its website for easy access.

    He noted, however, that even though the agency had ensured that made-in Nigeria cables came out as the best in the world, people were cloning already known brands and branding them as made-in-Nigeria.

    “This is not good for local production. Imported goods cannot be branded as made-in-Nigeria goods. We are proud of our local products and we want to export them to the world,” he said.

    The Association of Nigerian Licensed Customs Agents National Publicity Secretary, Dr. Kayode Farinto, noted that the ease of doing business cannot be feasible with the poor infrastructure at the ports.

    He said: “I expected the Federal Government to declare state of emergency on our roads.  A lot of things are happening while the government is looking the other way. The Federal Government wants to achieve ease of doing business, but they are putting the cart before the horse. There are things that need to be done before we can achieve ease of doing business.”

  • Expo to proffer solutions to infrastructural deficit

    Organisers of an international construction and building exhibition, Elan Expo, have expressed their readiness to use the forthcoming exhibition to explore bilateral relationships that will provide sustainable solutions to infrastructural challenges in the built industry.

    Scheduled for November 2 to4, 2017, the exhibition, it is expected to open up investment opportunities in the built industry as well as other value chains.

    The expo is expected to attract exhibitors from 12 countries, including Turkey, Italy, Poland, Ukraine, India, Egypt, China, Saudi Arabia and the United Arab Emirate (UAE). Over 17 foreign companies have confirmed their participation, according to the expo Project Coordinator, Mr. Jude Chime.

    He told The Nation  in Lagos that the expo would not only bring together building professionals in the country, but also international manufacturers, services and technologies providers to explore opportunities in one of the fast-developing sectors in the country.

    He added that there has been  rapid growth in the last 20 years in the construction industry, and important projects in the country.

    The General Manager, Elan Expo International Trade Fairs, Mr. Nihat Suer, explained that this year’s expo is hinged on stronger international partnership with delegations from participating countries.

    “It will bring together important professionals around the world. This event will give us opportunities to network with foreign investors and explore other areas of investments apart from oil. The workshops have also been certified by professionals,” he said.

    Speakers from the Association for Consulting Engineering in Nigeria (ACEN), Nigeria Society of Engineers (NSE), Nigerian Institution of Structural Engineers (NISTRUCTE), Association of Professional Women Engineers of Nigeria (APWEN), Council for the Regulation of Engineering in Nigeria (COREN), Nigeria Institute of Building (NIOB), and Nigerian Institute of Town Planners (NITP) are billed to take part in the workshops.

  • FIIRO woos Unilever on R&D commercialisation

    FIIRO woos Unilever on R&D commercialisation

    Unilever Plc and the Federal Institute for Industrial Research Oshodi (FIIRO) are poised to seal an agreement on the commercialisation of some research products.

    This was disclosed  when a technical team from Unilever Plc visited FIIRO in Lagos, during the week.

    FIRRO Director-General Prof Gloria Elemo displayed some research work to the delegation, saying the institute was well endowed to deliver any time, and that it was open to collaborations in various areas.

    She called for collaboration with Unilever on product development and commercialisation, adding that the raw materials, crops and technical back-up for exploitation of research results were available in the country and in the right quantity and quality.

    Elemo stressed that FIIRO was well positioned to effectively see to the transfer of appropriate technologies that could catalyse industrialisation.

    She said this could only be meaningful if organisations like Unilever and individuals looked inwards and invested heavily in the various areas of Research & Development (R&D) products that the Institute hadperfected on.

    “Many companies come and pick the technologies we have here and we work with them. You can come and do same. We have a lot of evidence to show our competence in the areas enumerated.

    “Today, all the breweries in Nigeria use our technology since sorghum malt replaced barley malt in the brewing industry (alcoholic and non-alcoholic drink) and this has saved the country several millions of dollars,” Elemo stressed.

    Some of the areas FIIRO boss said Unilever could leverage include food spread (jam and marmalade), cashew nut processing, fruit processing technologies  (for fruit juice extraction and bottling ), industrial enzymes production, essential oil extraction, adhesives production, soaps ,cosmetics, and  antiseptics.

    Responding, the leader of the Unilever delegation, Bridget Mayor, was amazed at the level of activities going on at the institute. She said the visit was an eye-opener to what FIIRO could do, and expressed the company’s readiness to tap into some of the research results.

    Mayor, who is the Head, R&D in Food Development Homecare at Unilever, stated that with what the team saw, their only worry would be FIIRO’s readiness in terms of guaranteeing quantity and quality of raw materials, compliance with international standards and technology transfer that could sustain commercialisation.

    She specially noted that Unilever was interested in corn and cassava starch production and spices, such as onions and garlic.

    “We are ready to partner FIRRO. FIIRRO needs to allay these fears in the above areas for immediate partnership agreement. Design and fabrication, are they world-class? Claim performance test, is it available in terms of infrastructure?” she asked.

    The FIIRO chief while assuring the team of world-class standard in its products, however, observed that organisations such as Unilever should ensure effective technology transfer to aid the commercialisation of available raw materials.

  • FrieslandCampina WAMCO empowers eight nutritionists

    FrieslandCampina WAMCO, makers of Peak and Three Crowns milk, has awarded cash prizes to eight young nutritionists for their excellent scientific research presentations.

    The dairy firm made gave the awards at the just-concluded 47th Annual General Meeting (AGM) and Scientific Conference of the Nutrition Society of Nigeria.

    The awardees, who are M. Sc and Ph.D students below 35, included Ifeoma Ezeh, Yetunde Ogundairo, Chukwuka Oluebube and Joy Amadi.

    Others were Michael Oderinde, Ebunoluwa Odeyinde, Chinenye Ekwueme and John Ebenezer.

    Tagged “Controversies in nutrition: Separating facts from fads and fallacies,” the five-day conference was held at the University of Ibadan and it had over 600 participants.

    FrieslandCampina WAMCO also championed fitness routines for the delegates. The company organised 15-minute twice-daily Three Crowns milk-sponsored aerobic sessions that drew attention to the need for everyone to stay fit and healthy with the right nutrition and daily exercises.

    Participants enjoyed a 30-minute cardio session on the last day of the conference.

    Nutrition Society of Nigeria President Dr. Bartholomew Brai also drew attention to the worsening nutrition indices in Nigeria, saying:“The increased social media influence on food choices of Nigerians, which are mere fads and fallacies, are affecting the health of our populace negatively.”

    The Keynote Speaker, Prof I. A. Onimawo, highlighted key controversies in nutrition that affect infant and young child feeding, food consumption, diet-related non-communicable diseases and healthy diets.

    In a communiqué after the conference, the Nutrition Society of Nigeria called on the government to ensure nutrition security through budgetary allocations and institutionalising nutrition in relevant ministries and agencies.

  • Nigeria, EU, others consolidate progress on trade facilitation

    Nigeria, EU, others consolidate progress on trade facilitation

    Nigeria, Brazil, China, the European Union (EU) and other leading economic powers announced that they have made tremendous progress on investment facilitation initiative for development.

    The group made this known in Marrakech, Morocco, during the World Trade Organisation (WTO) Mini-Ministerial meeting.

    In a breakthrough for Nigeria, the group of World Trade Organisation (WTO) Friends of Investment Facilitation for Development (FIFD) pledged support for the success of the High-Level Investment Forum scheduled to hold in Abuja from November 3- 4.

    The Forum will be co-hosted by the Ministry of Industry, Trade and Investment and the Economic Community of West Africa (ECOWAS) Commission in partnership with FIFD.

    In a statement, the Communication & Strategy Adviser to the Minister of Industry, Trade & Investment, Dr Okechukwu   Enelamah, Mr. Constance lkokwu, explained that FIFD is an initiative by some WTO members, including Nigeria as a core member to drive trade and investment with deliverables in mind.

    The WTO investment coalition, he stated, is made up of Nigeria, Argentina, China, Australia, Brazil, Chile, Colombia, Hong Kong, Japan, Korea, Mexico, Pakistan, Russia, Singapore, Switzerland, Canada and the EU.

    lkokwu stated that a draft declaration is being negotiated for finalisation at the WTO in Geneva, Switzerland, as part of the deliverables for the Buenos Aires, Argentina, Ministerial Conference in December. According to him, one of the objectives of the investment coalition was to place investment facilitation as a priority for the WTO Ministerial MC11 in Buenos Aries, Argentina.

    The others, he said, was to achieve coherence between the trade and investment policy communities and position the WTO to be more pro-development with actual deliverables for its members while seeking active investment opportunities in their countries.

    Quoting the minister, lkokwu explained: “Nigeria is part of this coalition because government sees investment and trade facilitation as a positive and pro-development agenda.” Furthermore, he said it was the belief of government that the WTO is better responsive to domestic economic priorities.

    “This investment facilitation initiative is potentially significant to position WTO better to respond to the investment needs of developing countries in general and African countries in particular,” the minister added.

    The Director-General/Chief Negotiator, Nigerian Office for Trade Negotiations (NOTN), Ambassador Chiedu Osakwe, expressed delight at the progress made so far, saying: “This is for economic growth and recovery, creation of employment opportunities and connection to global value chains.”

    The Abuja event titled: “High-level forum on trade and investment facilitation for development” is expected to bring together African investment and trade decision makers as well as private sector representatives to share perspectives on leveraging trade and investment opportunities on the continent.

    It seeks to connect actual investors within and outside the continent with African policy makers in order to produce concrete outcomes.