Tag: Trade

  • Lafarge Africa honours trade partners

    Lafarge Africa honours trade partners

    Lafarge Africa Plc has honoured its trade partners (distributors) at a Customers’ Awards ceremony. It was to appreciate them for their contributions to the company’s success and growth of its business in 2015.

    Welcoming the over 100 customers from across the country to the event, which held at the Intercontinental Hotel, Victoria Island, Lagos, Lafarge Africa Plc Sales Director Mr. Sam Ndionyenma said a key distribution scheme, a strong route to market distribution system which is vital in expanding the company’s distribution footprint, would be rolled out soon.

    He congratulated the distributors for delivering the quality Lafarge Africa demands of its partners.

    His words:“Building materials are as good as the quality of their delivery channels, they must arrive at the users’ sites in the quality they left our plants”.

    Commending the customers further, he said: “You have given us the confidence to expand into new technical segments. We are starting three Readymix plants this year in addition to the eight we have built since 2005”.

    Also, the Chief Executive Officer Cement, Lafarge Africa Plc, Mrs. Adepeju Adebajo, said the importance of the award was underscored by the fact that since it started in 2005, this edition was the first Pan-Nigeria Customer Awards, to cover Lafarge Africa Plc’s operations in the North (AshakaCem), the South (Unicem) and South West (WAPCO).

    “This is the first time we are able to bring all our key customers across the country together to celebrate your contribution to the growth and success of your company – Lafarge Africa Plc” she stressed.

    The Chairman, Board of Directors, Lafarge Africa Plc., Mr. Mobolaji Balogun, reiterated the reason for the annual customer awards. According to him, it was to appreciate its distributors for their support for the growth of Lafarge Africa business in Nigeria.

    The star winner at the awards, Mr. Enobong Ukpanah, Kpaksbuddy Nig. Ltd’s managing director, who won a Kia Sportage, expressed his gratitude to God and the management of Lafarge Africa for recognising the contributions of the dealers to their business.

  • Chamber seeks stronger Slovenia-Nigeria trade ties

    The Slovenia–Nigeria Chamber of Commerce (SNCC) has said it is in Nigeria to explore opportunities of increasing the trade volumes of both countries.

    Its President, Mr. Fred Uduma, said although the trade volume between Slovenia and Nigeria stood at 10.2 million Euros in 2014, it reduced to eight million between January and June, last year.

    Uduma, who made this known in Abuja on Monday, said its activities in Nigeria would help create jobs. “This trade mission is designed to introduce the country and its potential to the Nigerian business community, to the Nigerian community and then to attract Slovenian investors to Nigeria,” he said.

    In doing this, the chamber would create jobs, bring technology and also increase the trade volume between both countries.

    “The trade volume is basically nothing to talk about in terms of the opportunities that exist in the Nigerian economy. Slovenia is a technologically advanced country. They have everything Nigeria needs and Nigeria has all the opportunities,” he said, asking, “So, what is hindering the two countries from engaging themselves in exploring the opportunities that exist in between them?”

    He said the trade mission was all about bringing the information about Nigeria to Slovenia and Slovenia’s to Nigeria. He said if the chamber was able to achieve some kind of bilateral relations, then the trade volume would increase. He also said the reduction indicated that the vast trade opportunities between the two countries were not being explored.

    Uduma said the SNCC was populated by accomplished business people and internationally-renowned companies providing expertise in Information Communication Technology (ICT), engineering, mining, manufacturing and pharmaceutical sectors.

    He said because Slovenia was at the centre of the European market, it had become a business destination for Nigerian entrepreneurs. Uduma added that the country had also built a business reputation with more than 500 million consumers of its numerous products world-wide.

  • Nigeria, Turkey to build on $2.3b trade relations

    The National Association of Chambers of Commerce, Industries, Mines and Agriculture (NACCIMA) has beefed up trade ties with Turkey, the 18th largest economy in the world. This is in view of the dwindling revenue from oil.

    The consolidation between NACCIMA and Turkey is expected to yield more investment to boost major sectors, including power, manufacturing, mining, construction, agricultur/agro-allied, aviation and security.

    NACCIMA President, Dr. Bassey Edem, who spoke at the Nigeria-Turkey business forum in Abuja, during the week, said it was imperative for the countries to strengthen extant trade relations considering the huge trade volume built over the years.

    He expressed Nigeria’s readiness to negotiate specific incentives for investors in consultation with appropriate government agencies and also assist incoming and existing investors with the provision of support services as well as facilitate procurement of all business approvals.

    “Nigeria and Turkey have over the years sought a way to fill the vacuum that exists between the two country’s trade relations, through signing bilateral agreements, organizing trade shows and exhibitions in Nigeria and Turkey to encourage both countries open up more trade and investment relations,” he said.

    According to the president, the trade volume between the two countries which stood at $2.3 billion as at 2014, needs to be enhanced, hence the need for Turkish business partners to utilise the opportunity of the forum to further develop long term business relationship with Nigerian counterparts.

    He said: “Even though Turkey currently has a comparative advantage with respect to trade relationship between it and Nigeria, we believe this could be balanced when our Turkish counterparts consider more of technology transfer by partnering with their Nigerian counterparts to invest in some specific sectors of the Nigerian economy most especially at this time that the Nigeria Government is very committed to the diversification of the economy from crude oil.”

    Noting that Nigeria is among the next destinations for global economic prosperity, he said the country’s emerging market economy is positioned as the largest in Africa and 26th in the world, with a Gross Domestic Product (GDP) of over $520 million and a population of over 170 million people.

    He added that Nigeria remains a thriving investment destination in Africa with the certainty of good return on investment within a reasonable time span.

    President Republic of Turkey, Mr. Tayyip Erdogan, said Nigeria plays an important role in Turkey’s African initiative hence Turkey has high interest in expanding her business foray in Nigeria.

    “As the Turkish business community, we also support Nigeria’s goal of becoming one of the top-20 countries by 2020. We believe that Turkey has an important role to play for Nigeria to realise this goal,” Erdogan said.

    He reiterated that the country is  working towards substantial partnership to increase the trade volume between both countries in a short time.

  • NB to honour distributors, trade partners

    NB to honour distributors, trade partners

    Nigerian Breweries PLC will, today, reward distributors and trade partners across the country.

    The award, according to the company’s Corporate Affairs Adviser, Mr. Kufre Ekanem, will be given to distributors and key transporters, who excelled in their business partnerships with NB. last year.

    The event, which will hold in Lagos, would be  preceded by a distributors’ business meeting to recognise and reward excellent performance of the company’s distributors and transporters for the year. The awards will also provide the platform to evaluate the previous year’s business performance and communicate new business strategies to distributors.

    The awards categories include: National Volume Champion; National Volume Champion (1st & 2nd Runners Up); Regional Champions; Regional Volume Champion – 1st Runner Up; Regional Volume Champion – 2nd Runner Up. Others are: Millionaire Club (SKDs), who achieved between 1m and 1.99m cases); Millionaire Club (SKDs), who achieved between 2m and 2.99m cases) and Millionaire Club (SKDs) who achieved 3m cases and above.

    Prizes to be carted home by lucky distributors include brand new Mercedes Benz truck; Mitsubishi Canter trucks; Mitsubishi L200 double cabin; forklifts; sound proof generating sets; cash rewards and several free cartons of Nigerian Breweries products. Ekanem said apart from rewarding the distributors, the night was exceptional.

     

  • FirstBank promotes trade financing

    FirstBank promotes trade financing

    FirstBank of Nigeria Limited, a subsidiary of FBN Holdings Plc, has thrown its weight behind the development of trade financing in Nigeria and beyond.

    This, according to the bank, informed the collaborative effort with FBN Bank (UK) Limited, a subsidiary of FirstBank to sponsor the seventh Annual West Africa Trade & Export Finance, a two-day conference which commenced in Lagos on Wednesday.

    In a statement by the Group Executive, Treasury and Financial Institutions, FirstBank, Ini Ebong, the bank would continue to create and support initiatives that will create business opportunities and investments in Nigeria and the continent.

    FirstBank’s Head, Structured Trade & Commodity Finance, Mr. Ikenna Egbukole will be a panel discussant on the topic: “Tracking trends within West African Banking Sector,” at the event.

    “The progress FirstBank had made in trade finance is further buttressed by its consistent win of the ‘Best Trade Finance Bank in Nigeria’ by Global Finance Awards for seven years including 2015.

    “FBN Bank (UK) Limited has also been named Best Trade Finance Bank in West Africa for five consecutive years by Global Trade Review Awards,” the statement added.

  • Trade booms as Calabar carnival reaches climax

    Trade booms as Calabar carnival reaches climax

    The residents of Calabar have cashed in on the final day of Carnival Calabar to make brisk businesses, the News Agency of Nigeria (NAN) reports.

    NAN survey in parts of the city shows that residents have converted all available spaces along the Carnival routes to business arena displaying various items.

    Canopies and chairs were also set up by individuals and groups on the streets along the carnival routes where tourists and fun seekers pay a token to relax and watch the events.

    Mr. Sunday Akpan told NAN that he set up his business as early as 7 a.m., adding that people had been patronising him since then not minding that it was still early in the day.

    Sunday, who came all the way from Akwa-Ibom, said he had been participating in the Carnival Calabar since 2013, adding that he had made some good sales.

    “I cannot tell you how much I have made this morning but I have made good money, especially from dry gin and cigarettes,’’ he said.

    A food vendor, Mrs. Uloma Ezike, said that she came out as early as 6 a.m. with her food and had been selling since then.

    “I am about to go and cook another one because this one has almost finished. Normally on a carnival day, I cook three or four times because the food must be hot all the time.

    “I have so many customers who used to come to eat. Some buy take-away and others eat here,’’ she said.

    A tourist from Edo, Mr. Nelson Ighodalo, told NAN that he was enjoying everything about the carnival.

    “Honestly I am enjoying the whole thing, especially looking at the setting; people moving around enjoying themselves; relaxing, dining and wining in the open this early.

    “In fact everything here is fun,’’ he said.

    NAN reports that there were presence of security personnel and other para-military at strategic locations along the routes getting ready to maintain law and order as well as ensure orderliness by the crowd.

  • Nigeria, Japan trade hits $5.28b

    Nigeria, Japan trade hits $5.28b

    Trade volume between Japan and Nigeria has reached a record $5.28 billion, the Trade Commissioner and Managing Director, Japan External Trade Organisation (JETRO), Mr. Taku Miyazaki, has said. He said Japanese companies were keen on expanding their businesses in the country with high technology.

    Miyazaki urged the government to make the environment conducive for Japanese companies to operate. He said some of the draw backs that may deter would-be investors from his country are poor infrastructure such as electricity as many of the prospective investors are manufacturers who are also desirous of good roads, good regulatory environment, efficient judicial system, attractive import regulatory environment and security of lives and investment.

    “Nigeria ordinarily should be the toast of investors if the necessary things are put in place especially in terms of effective and efficient infrastructure provision such as electricity, motorable roads, effective and consistent regulatory authorities, and standardisation that will discourage the importation of fake and cheap products from other Asian countries,” he said.

    He said last year, both import from Japan to Nigeria and export from Nigeria to Japan increased significantly. According to him, import from Japan mainly consisted of machinery, steel products and vehicles valued at about $728 million, representing 21.0 per cent more than 2013 figure.

    On the other hand, export from Nigeria to Japan, which was dominated by natural gas and a few non-oil products especially sesame seeds, also increased  from   36.8 per cent to nearly $4.5 billion last year. He said JETRO has committed 60 years of its life to Nigeria,strengthening bilateral economic relationship between the two nations.

    Miyazaki said Japanese companies in Nigeria are known for their high quality products and are attracted to the country by her population, which is in the excess of 170 million as well as her large market.

    He identified some of the Japanese companies operating in Nigeria to include Nissan, a giant car manufacturer with a manufacturing plant that took off last year; Honda, which started in July local assembling but with a history of over 20 years presence in Nigeria, and Isuzu that recently announced plans for local manufacturing by second quarter of next year.

    The Trade Commissioner said the interest of his home government is much elucidated with the large presence of companies in the recently concluded Lagos International Trade Fair where the Japanese Pavilion featured 24 companies that included participants from Japan as well as their local representative agents in fields such as food, vehicles, transportation, machinery, motorcycles, auto parts and stationery including home appliances.

    Others are musical instruments, power generators, security devices, industrial equipment, electrical tools, office equipment and sewing machines. He stated that an increasing number of Japanese companies are keen to expand their businesses in Nigeria, he said.

    On how Japanese companies intend to help Nigeria tackle counterfeiting, he said the Japanese Government is taking the advocacy seriously and has subsequently organised seminars, conferences and workshops in the bid to curb the faking of Japanese brands in China, for instance.

  • Nigeria, Japan bilateral trade hits $528b

    Nigeria, Japan bilateral trade hits $528b

    Trade volume between Japan and Nigeria has reached a record $5.28 billion, the Trade Commissioner and Managing Director, Japan External Trade Organisation (JETRO), Mr. Taku Miyazaki, has said. He said Japanese companies were keen on expanding their businesses in the country with high technology.

    Miyazaki urged the government to make the environment conducive for Japanese companies to operate. He said some of the draw backs that may deter would-be investors from his country are poor infrastructure such as electricity as many of the prospective investors are manufacturers who are also desirous of good roads, good regulatory environment, efficient judicial system, attractive import regulatory environment and security of lives and investment.

    “Nigeria ordinarily should be the toast of investors if the necessary things are put in place especially in terms of effective and efficient infrastructure provision such as electricity, motorable roads, effective and consistent regulatory authorities, and standardization that will discourage the importation of fake and cheap products from other Asian countries,” he said.

    He said last year, both import from Japan to Nigeria and export from Nigeria to Japan increased significantly. According to him, import from Japan mainly consisted of machinery, steel products and vehicles valued at about $728 million, representing 21.0 per cent more than 2013 figure.

    On the other hand, export from Nigeria to Japan, which was dominated by natural gas and a few non-oil products especially sesame seeds, also increased 36.8 per cent to nearly $4.5 billion last year. He said JETRO has committed 60 years of its life to Nigeria to strengthening bilateral economic relationship between the two nations.

    Miyazaki said Japanese companies in Nigeria are known for their high quality products and are attracted to the country by her population, which is in the excess of 170 million as well as her large market.

    He identified some of the Japanese companies operating in Nigeria to include Nissan, a giant car manufacturer with a manufacturing plant that took off last year; Honda, which started in July local assembling but with a history of over 20 years presence in Nigeria, and Isuzu that recently announced plans for local manufacturing by second quarter of next year.

    The Trade Commissioner said the interest of his home government is much elucidated with the large presence of companies in the recently concluded Lagos International Trade Fair where the Japanese Pavilion featured 24 companies that included participants from Japan as well as their local representative agents in fields such as food, vehicles, transportation, machinery, motorcycles, and auto parts, and stationary including home appliances.

    Others are musical instruments, power generators, security devices, industrial equipment, electrical tools, office equipment and sewing machines. He stated that an increasing number of Japanese companies are keen to expand their businesses in Nigeria, he said.

    On how Japanese companies intend to help Nigeria tackle the problem of counterfeiting, he said the Japanese Government has taken the advocacy campaign to the Chinese Government and have subsequently organised seminars, conferences and workshops in the bid to curb the faking of Japanese brands in China, for instance.

  • Buruku River: Confluence of trade and woes

    Buruku River: Confluence of trade and woes

    A first time traveller on water would shiver at the large mass of River Buruku, Benue State. The river which takes 12 minutes to traverse on a wooden boat is a hub for business activities amongst communities in the neighbourhood, especially on market days, as it serves as passage for farmers to transport their produce to meet traders, and passers-by. OLUWAFEMI OGUNJOBI who just returned from the community, reports.

    A one and a half hour drive from Makurdi, the Benue State capital brings one to Buruku, a river side community. The town which had existed long before the creation of Benue State in 1976 is located on the banks of River Buruku, which is an extension of the popular river Benue. Created out of Gboko Local Government about 20 years ago, Buruku local government area, with its headquarters in Buruku town, has an area of 1,246km-square and a population of 203, 721 according to the 2006 census. It shares boundary with Logo and Katsina Ala Local Government Areas, which produce yam and rice in high quantity. These food produce are transported through Buruku River to major cities like Gboko, Otukpo, Aliade and Makurdi.

    This reporter gathered that Buruku Council was created in recognition of the commitment of its inhabitants to economic growth of the state. Parts of the major villages that make up Buruku Local Government are situated across the other side of the river and they share borders with Sankera in Logo Local Government Area of the state.

    Being predominantly farmers and fishermen, the people of Buruku depend largely on Buruku River for irrigation and fishing. Meanwhile, crossing the river is regarded as the fastest way to Anyiin, hometown of former Governor Gabriel Suswam, Gbanyam village and Ugba town, headquarters of Logo Local Government. The people of Logo too are predominantly farmers and in fact, they are one of the major producers of yam in Benue State.

    A visit to the river side gives a glimpse of the enterprising nature of Buruku residents. Small huts are built to serve as restaurants to entertain travelers. Pounded yam, fried yam, locally-made cake, also known as ‘akara’ are served to customers. There is also a ‘mini-depot,’ where fuel is sold at black market price to vehicles and boat engines. On the other side, are young men and women eking a living by trading in sugar canes, oranges, pears, and other fruit items. There is also ‘kuu’, a locally-made corn. Some of them channel the profit towards their upkeep, education, and to relieve their parents of stress. One of them is Benjamin Kerter, an English/Theatre Arts student at Katsina-Ala College of Education. Benjamin sells sugarcane at the riverside; he has been in the business since he got admission into the school two years ago.

    According to him, ‘I have been in this sugarcane business for quite some time, say since I got into school, and I give it my best anytime we are on break because I use the proceeds to support my education.”

    Asked how much he makes from the business, he said; ‘Sugarcane business is not really profitable, and has so many people into it. We make around N700 (Seven hundred naira) in a day, but it depends largely on how many people cross the river. We make good sales on market days, or during important occasions that require people to travel across the river. And that’s when we make around N1, 500 (One thousand, five hundred naira).”

    The river-side is always busy, especially every Wednesdays – which is Ugba market day, a community that is 30 minutes from the riverside. Buruku residents also trade at the market every five days. Most times, students in government schools defy school work for farm work and trade on market days.

    Transportation problems

    However, despite its economic potentials, the people of Buruku lack modern transportation system as well as a bridge over the Buruku River. The inhabitants of these communities have suffered these challenges for decades. The problem has made transportation of farm produce to the cities a difficult task. It has also caused many deaths. Though the communities have made several attempts to tackle the problems themselves, their efforts have yielded no fruitful result. The communities have also lodged several complaints to successive governments in the state, requesting them to extend their cries to the federal government, but all these to no avail. Presently, they have resorted to boats and canoes to enable them move around. Some farmers are left with no option than to board canoes with their produce on their heads to cross the river.

    Interestingly, it is not only humans that ride on the boats to cross Buruku River. Cars and motorcycles also get to ‘enjoy’ the privilege, even though the experience is a risky one and not funny at all for the faint-hearted.

    Although it has become a lucrative business and an opportunity for some inhabitants to make thousands of naira especially, during the rainy seasons, the operators are, however, forced to relocate their usual boarding points at the river bank, whenever it rains, to avoid the boats and people capsizing in the river.

    Zador Akinde, a native, gives an insight into how transportation across the river works. There are two kinds of boats; the ferry and the small boats. Travelling on the river in the small boat takes five minutes to the other side of the river, while travelling in the ferry boats takes 10 to 12 minutes depending on state of the engine. The small boat can take maximum of 15 passengers, while the ferry takes up to 100 passengers at once. The ferries can also convey vehicles, motorbikes alongside passengers. A ferry can take maximum of two vehicles. This route links to Zaki-biam, Katsina-Ala, Anyiin, Ugba and other communities of Benue State. It is also a shortcut for travelers going to Jalingo, Plateau, Kaduna and other northern states.

    Although there is a road across the river in the far end of Kastina-Ala town, the River Buruku terminal point located in the Ihungu Igor village mainly provides the needed shortcuts for motorists plying the route. Most commuters prefer using the route to reach their destinations quicker, at least to save time and resources by passing through the Kastina-Ala axis by road. Consequently, both private and commercial vehicles find it suitable to ferry their cars and passengers for a fee at the Abuku crossing point.

    Even former Governor Gabriel Suswam, this reporter learnt, finds the route most appropriate to travel to his village of Anyiin in Logo Local Government Area. Indeed, for various reasons, people have used the Buruku River crossing to engage in profitable and cheaper economic and social activities.

    Tersoo, a ferry boat driver, explained that charges depend largely on the type of vehicle that wants to cross, and how heavy they are. Charges for taxis are from N400 upwards, while buses range from N700 upwards. In some cases, they charge N1, 000 for heavy-loaded vehicles. Charges for Motorcycles range from N200 to N300.  As for humans, N50 is charged per head to cross the river. In some cases where the ferry is already loaded with vehicles, passengers are given free ride across the river. Corps members, whose places of primary assignment are across the river most times, enjoy this favour.

    They also make brisk sales on market days and during important events, when more vehicles throng in. During important occasions, charges, especially for private vehicles, are based on how highly-placed the person is – far from the normal fee.

    The cost of constructing the boats is huge. Zador explained that it costs N400, 000 to N500, 000 to construct a ferry boat, which doesn’t include the engine while it costs around N200, 000 to construct the smaller ones. Buying new engines is also quite expensive and beyond the reach of the local boat operators. According to him, the engines in their boats are the ones they can afford. The ‘Belgium’ (second hand) Yamaha 30 horse power cost N350, 000 while a brand new one is about N750,000. Smaller engines are also sold for around N200, 000.

    A year to remember

    Aside trade and transportation, the banks of Buruku River also serve as recreation. Overtime, picnickers and fun seekers in Benue State have made it an annual event to mark the Boxing Day celebration on the river bank. Fun-seekers turn out massively to do sight-seeing, picnic and play games and also win various prizes. Some even use the day to make marriage proposals to their loved ones. The picnickers have also succeeded in attracting government attention, as the Buruku Local Government Council now sponsors lots of games at the beach to encourage picnickers and create an enabling tourism potential for the state.

    The annual events and celebration has also gone smoothly since the beach was discovered, until December 26, 2013. On that fateful day, many young students of various higher institutions in the area who had come to socialise had  finished catching their fun, and were about to leave at about 8:45pm. However, only one ferry boat was available to convey the 125 fun-lovers across the river. As the story goes, the Maritime Union tried to stop them but the passengers insisted, because it was the last boat for the day. Problem however started when they got to the middle of the river and a boy brought out some fireworks. Some guys who were not comfortable with the development challenged him. In the process, they started exchanging words and the same boy brought out a knife to stab his challengers. The action triggered a fight in the boat. It led to pandemonium as other occupants of the over-loaded boat ran towards the driver’s side for safety. According to Zador Akinde, the weight of the people rested heavily on one side of the boat and as a result, the boat drifted, tilted and suddenly capsized before anyone could calm the warring parties.

    Stories have it that the driver lost control following the distraction from the warring occupants barely 500 meters to the berthing point, and the passengers were thrown into the river.

    The incident, which happened at the Abuku crossing point of the river, left 18 people dead.

    The Maritime Union and the Marine Police regulates the activities of the boat drivers. They ensure that the boats are in good condition, and the ferries do not carry more than they can safely convey. They enforce protocols or set rules at the river banks to ensure safety in water transportation, and also watch for criminal activities. They also defend the riverine area against subversive elements and external threats.

    It took 11 hours to recover the bodies of the drowned passengers. Ironically, the boy who was said to have instigated the pandemonium escaped unhurt because he could swim, while those that drowned died because they could not swim.

    When our correspondent asked if there are life jackets for passengers, they said, the locals consistently refuse the use of life jackets, which are dumped in the union’s office at the riverside. Their refusal is because Buruku River isn’t as deep as other rivers in Benue State, and there are no wild animals in it. Also, a handful of Buruku residents are good swimmers, who can easily rescue drowning passengers when accidents, which they say are very rare, occur. The life jackets are said to be donated by politicians seeking votes and non-governmental organisations.

    Election time, busy time

     As elections approach, the river is always as busy as market days. Residents who have left neighbouring cities travel down to their communities to exercise their civic right. Even politicians return home during this period. But, it’s not always rosy at this time, especially for electoral officers deployed to wards and polling units across the river. Corps members and the natives are used for the elections.

    At the last 2015 general elections (which our correspondent was one of the Presiding Officers), electoral materials were transported across the river around 3am in the night to the RAC Centre ahead of Saturday’s polls. “Our polling area was Agwabi, and I was posted to LGEA School, Buter.  The exercise went well, but encountered problems after we left the collation center for the INEC office. We got reports not to dare cross the river because there were some aggrieved parties who were not satisfied with the results in their wards, waiting to pounce on the electoral officials as it happened during the 2011 elections. On that occasion in 2011, aggrieved natives attacked electoral officials and poured the election materials into the river. We were only able to escape unhurt, with the quick intervention of Logo Police Command, who saw us through another route through Katsina-Ala to Buruku.”

    Government’s neglect and a people’s appeal

    In 2011, former president, Goodluck Jonathan promised two bridges across the River-Benue to avert frequent deaths resulting from water accidents. One of the bridges was to be built in Buruku to link Gboko direct to Ugba and Ayin – all in Logo Local Government. And the other was to be built at Kwata, to link Abinsi/Agasha from Makurdi straight to Wukari in Taraba. Four full years after, none of these bridges have been constructed. All the Federal Government roads inherited from the administration of President Olusegun Obasanjo in 2007, that were in manageable states, are presently in bad shapes, with criminals taking full advantage of the situation to unleash terror on commuters. They include the Katsina/Ala–Takum, Vandekya–Katsina/Ala–Zaki/biam that connects Taraba and Cross-River. Others are Lafia–Makurdi, Makurdi–Otukpo and Aliade–Gboko. Federal roads like Makurdi–Naka–Adoka–Ankpa, Adoka–Agatu–Oweto roads are death traps and have never been good since 1999 till date.

    Since that ugly incident of December 2013, the Maritime Workers Union of Nigeria (MWUN), Buruku branch has called on the Federal Government to provide its members with more sophisticated engine boats capable of ferrying heavier capacity of passenger weights. They have also appealed to the Federal Government to build a bridge across the river, to serve as a major crossing point to the three local councils of Logo, Buruku and Ukum (all in Benue), as well as linking parts of Taraba.

    My host and guide, Akinde has a good command of English language. He completed his secondary school education few years ago, but was called home from Lagos because of family responsibilities. He aspires to further his studies. His utmost cry is a bridge across the river for easier transportation. Will the government ever hearken to their plea?

    Only time will tell.

  • ECOWAS laments 12 per cent drop in regional trade

    The Economic Community of West African States (ECOWAS) has lamented the low level of intra-regional trade within the sub-region, noting that several years after regionalism; intra-regional trade in ECOWAS is still consistently low at about 12 per cent.

    The Commissioner, Industry and Private Sector Promotion, ECOWAS and Kalilou Traore, explained that the regional body adopted the protocol of free movement of people and goods since 2000, but stressed that the level of regional trade still remains low at 12 per cent of total trade.

    Traore, who spoke during a technical meeting convened in Lagos by the ECOWAS Private Sector Directorate, explained that there was need to take more action to strengthen regional trade. He stressed that the only way to achieve this feat is the establishment of trade support bodies.

    At the technical meeting convened to consider the draft on the ECOWAS Business House (EBH), Traore said, “We need to take more action to strengthen this regional trade and one way to do that is through trade support bodies. We are here to develop the concept of an ECOWAS Business House (EBH) that will be a business oriented organisation at the regional level to facilitate trade among member countries.”

    He said the overall goal of EBH system is to foster intra-regional trade, promote ECOWAS exports and deepen market penetration for Micro, Small and Medium Enterprises (MSMEs)  in the region.

    He noted that it would also facilitate bulk creation, high quality regime and standardisation in the region, reduce cost of business for SMEs and promote the establishment of relevant trade infrastructure including quality infrastructure in the region.

    “Our expectation is that within the first five years of establishment of the regional EBH, apart from boosting the Gross Domestic Product (GDP) in the regional economies, made in ECOWAS States’ products will be viable and visibly present for business in the regional market and companies to reap the gains from international trade.

    Traore said although there are still lots to be done in the area of feasibility study so that the directorate can have all the details of the project in order to involve all the stakeholders at the financial and member state level so that businesses can be created.

    He emphasised the importance of MSMEs development and the status of the implementation of some regional programmes including the ECOWAS quality programmes, regional payments system, private sector and MSME development strategies and efforts at establishing the common market for free movement of persons and goods.

    The Deputy Director-General, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NAC-CIMA), Dr. Sani Yandaki, allayed fears of Nigeria and other countries in ECOWAS that they may become dumping grounds, saying that the project will open markets for products made in the sub-region.

    “The essence of the whole initiative is to build capacities of micro businesses in the region by providing access to markets for the products and services. We want to connect these products to people who actually need them in other parts of the sub-region. The EBH will act as a third party between the producers and the consumers,” he said.

    He further explained that the initiative would facilitate trade that will bring about economic growth, job opportunities and increase the GDP of the sub-region. According to him, all the goods that are going to be displayed at the business houses are going to be goods produced locally with locally sourced raw materials.

    Dr. Yandaki urged ECOWAS member states to harness their potentials and stop depending on foreign donors and overseas investments, insisting that no foreigner can develop their economies for them.

    Yandaki queried the rationale behind the investigations and studies carried out by Chatam House, United Kingdom on the formal and informal trade trend in the region, stressing that it may not be in the best interest of the regional body. He therefore, encouraged ECOWAS member states to close ranks to develop their potentials and stimulate growth.

    Head Business and Enterprise Promotion, ECOWAS, Dr. Enobong Umoessien, stressed that the region has enjoyed a lot of support from countries, Non Governmental Organisations (NGOs) and groups, but called on the region to look inward by establishing a platform to drive the region’s project and harness the resources available in the region to drive development.

    “We have to start looking at ways to leverage our capacities and resources to do the things we need to do.  The project targets many of the industries and business communities in the region. As you know about 90 per cent of our businesses are SMEs and these businesses want to export, distribute and connect with the international market. But the key challenges facing them is that their products are small, so it is a challenge for them to move from one country to another in an efficient manner,” he said.

    Head,  Export Group, Manufacturers Association of Nigeria  (MAN), Tunde Olaoye lamented that over 360 million people in the region are daily impoverished by unbridled importation and dumping of goods from the developed economies. “We are not actually tapping on our potentials because we allow unbridled access to our economies by foreign trade.

    “We have good products but small companies that cannot take advantage of the so-called international trade. What we therefore, need is regional integration that will boost our products and by extension our economies as against allowing our economies to be dependent on importation when we have better alternatives,” he pointed out.