9 months ago

BusinessDay 13 April 2018


30 BUSINESS DAY C002D5556 Friday 13 April 2018 BUSINESS SOUTH-SOUTH COMPLETE COVERAGE OF SOUTH-SOUTH / SOUTH-EAST Cross River CP assures of adequate security to investors in CFTZ …as free zone faces power hiccups BEN EGUZOZIE & MIKE ABANG, Calabar The Cross River State Commissioner of Police, Hafiz Mohammed Inuwa, has assured investor in the Calabar Free Trade Zone (CFTZ) of adequate security in the Zone. Inuwa gave the assurance recently in Calabar when he led a delegation of top Police officers to the premier free trade zone. The Police Commissioner, who stressed the need for adequate security at the free trade zone at all times, noted that the zone plays a vital role in stimulating economic activities with the presence of foreign and local investors. Meanwhile, the CFTZ faces grave electricity supply to the enterprises operating there. The zone was to have largely benefitted from the Calabar Integrated Power Plant (CIPP), sited at Odukpani. But that has yet to happen. In 2016, a Senate committee on Trade and Investments led by Fetimat Raji-Rasaki, took an oversight function visit to the free zone, where the general manager, Business Development of Nigerian Export Processing Zones Authority (NEPZA), Terhembe David Nongo gave an assurance of building alternative source of power for the CFTZ. At a stakeholders’ meeting Nongo, who represented the managing director of NEPZA to receive the Senate committee members to CFTZ, informed that the greatest problem which the management of CFTZ was grappling with was that of power supply, which was to have been captured in the 2017 Federal Government budget. But that was not addressed. This year, 2018 budget was yet to passed SABY ELEMBA, Owerri An Agro-economist and governorship aspirant in Imo State for 2019 governorship election, Jude Ejike Njoku has said that the massive smuggling and the unrestrained importation of crude palm oil (CPO) would only be stopped if the Federal Government puts measures and programmes in place to increase the production of palm oil locally. Njoku, a professor of Agricultural Economics and former Vice Chancellor of Federal University of Technology (FUT), Owerri, said the annual smuggling and the unrestrained importation of crude palm oil of about 400,000 metric tons (MT) was to fill the annual supply gap of about into law by the National Assembly. According to the NEPZA boss, a new independent power supply source was being worked on, as the old one was no longer reliable. The Cross River Police boss has called on the CFTZ management to cooperate with security agencies to prevent theft and provide security in the zone. He charged officers and men of the command to ensure regular surveillance in the zone. Meanwhile, there is shortage of Police personnel to man the Divisional station at the FCTZ, which prompted the head of the free zone, Godwin Ekpe, to appeal to the Police Commissioner to assist in order to raise crime fighting at the free zone Ekpe represented the Managing Director of NEPZA, Emmanuel Jime, expressed delight for the visit. He was accompanied by the General Manager of Tinapa, Binta Sa’eed and other management staff of the zone. He said the CFTZ was initially known as Calabar Export Processing Zone (CEPZ), coming into existence in 1992, after the promulgation of the Establish measures to bridle palm oil smuggling, Agro-economist urges FG 800,000 MT. He said huge importation of CPO was not healthy for local producers and investors in the palm oil production subsector of the economy. Nigeria is the world’s fifth largest producer of crude palm oil, with a total official output of about 930,000 MT annually. “The situation now is that we are not able to produce enough palm oil to meet domestic consumption and manufacturing needs. So, we have to import large quantities of palm oil to meet the supply deficiency,” said Njoku. He warned that importation depresses the economy as it leads to capital flight, as well hurting the price of locally produced commodities; and that Nigeria Export Processing Zones Act 63 of 1992. The CFTZ head disclosed that the zone has so far licensed about 77 companies, out of which 42 are operational, employing over 11,000 skilled and unskilled workers engaged by these companies. “We have seen technology transfer and skill acquisition as well as foreign direct investment (FDI) from companies located in the CFTZ such as Skyrun International FZE, M-Saleh Engineering FZE, Agrim International FZE, Combination Industries FZE, Bao Yao Iron and Steel group and General Electric FZE,” the CFTZ head said. ​On the challenges of the Zone, he told the Police Commissioner that the Zone was expanding in size, and the value of activities was equally expected to increase with the presence of General Electric and its subsidiaries. Ekpe appealed to the Cross River Police Commissioner to patronize the products of Golden Giant Industries FZE which produces camouflage for security operatives. becomes a disincentive to production and investment. According to him the Federal Government should put in place “programs and measures in the next couple of years to increase palm oil production, to the extent that it meets local consumption requirements. The professor of Agriculture Economics said if the Federal Government can boost local palm production, the current massive importation could be eliminated. Meanwhile, he has said that he would use his vast wealth of knowledge and experience to bring in the desired change, prosperity and development in Imo State, if elected governor in 2019; as well as restore sanity and the dignity of the Imo people. FG trains 28 ex-Niger Delta militants on fish farming IDRIS UMAR MOMOH, Benin In line with the policies of the Presidential Amnesty Programme, 28 ex-militants drawn from the nine oil producing states in the Niger Delta are undergoing one-week fish farming training in Benin- City, Edo State. The programme entails training the beneficiaries on fish farming, empowerment with all the equipment and tools needed for the business, open an account as well as monitoring and mentoring for three months to know their challenges and ensure success. Charles Odemwingie Aibangbee, the programme facilitator, said the programme was geared towards the re-integration of the ex-militants back into the society. Aibangbee, who is also, the managing director of REGIS ANUKWUOJI, Enugu Nigerian trado-medical practitioners have challenged governments at all levels to give them at least 30% attention of what they give to conventional health practitioners to enable them promote primary health care and reposition Nigerian health sector. They said that a lot of health challenges and sicknesses could be handled and treated in the country by natural medicine if they are supported, instead of taking the cure of certain sicknesses outside the country. Godwin Enweoru of Goddy Natural Health Center, who spoke to BusinessDay on the efficacy of herbal medicine at the just concluded Enugu International trade fair, explained that the major challenge faced by the practitioners is funding to enable traditional medicine practitioners establish hospitals and botanical gardens. Enweoru therefore, appealed to governments at all levels to support and encourage them financially to enable them develop their botanical Nolia Consult Limited, noted that the training was in line with the presidential directive to integrate restive youths in the Niger- Delta region into the society through the Presidential Amnesty Programme. He explained that to ensure the success of the programme, the Federal Government allows the trainees to choose what business they want to go into; adding that the trainees chose fish farming on their own. He charged the participants to take the training seriously, as government cannot employ everybody; assuring that they will be empowered to start their business. One of the trainers, Patricia Danyil, said the training would equip the participants with the key qualities, knowledge and skills needed to grow their business. Nigerian trado-medical practitioners say can reposition health sector gardens and hospitals. He said that people with serious ailments that have the courage to approach practitioners of trado-medicine get cured with little amount of money; saying that all they are asking for is encouragement and assistance to change the health situation of the nation. “God has, through me, cured a lot of people with different aliments such as eye challenges, skin diseases, diabetes, pile, among others,” he said. Eye problem, he said, ranges from cataract, glaucoma, myopia, itching, retinal detachment, to short and long sight, where many people are subjected to using glasses before they could see tiny characters of words. Enweoru said there are some natural herbs that could be taken like tea to boost one’s vision, cleanse the eye without the use of eye glass. He also attributed some vision challenges to the eating habit of some people. that is why some aged people do not have vision challenges. Goddy natural center claimed to be doing well in other sicknesses like diabetes, pile, hemorrhage and general cough.

Friday13 April 2018 BUSINESS DAY 31

Kingston Frontenacs GameDay April 13, 2018
April 2018
Barfly April 2018