17102019 - FG cuts travels, estacodes for ministers, other officials
Vanguard Newspaper 17 October 2019
Vanguard Newspaper 17 October 2019
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Smuggling: Nigeria needs to fix structural,<br />
institutional shortcomings — LCCI<br />
... Says distributive<br />
trade estimated at<br />
N20trn<br />
THE Lagos Chamber of<br />
Commerce and Industry,<br />
LCCI said unless Nigeria fixes<br />
the structural, institutional and<br />
policy shortcomings it will be<br />
difficult to put an end to the<br />
problem of smuggling.<br />
In a statement obtained by<br />
Vanguard yesterday, the Director<br />
General of LCCI, Mr. Muda<br />
Yusuf said: “There is need to fix<br />
the structural, institutional and<br />
policy shortcomings that perpetuate<br />
the phenomenon of smuggling<br />
and increases vulnerabilities.”<br />
He noted that some of these<br />
shortcomings include: “Weak<br />
institutional capacity to police<br />
the country’s vast borders across<br />
the country; Porosity of the<br />
nation’s borders because of the<br />
expansive nature of the borders<br />
stretching over four thousand<br />
kilometres of land borders and<br />
853 kilometres of coastline; Failure<br />
to deploy technology to<br />
manage our borders and international<br />
trade processes; Weak<br />
productivity in the domestic<br />
economy which aggravates production<br />
and operating costs,<br />
thus impacting adversely on<br />
domestic prices and competitiveness;<br />
High transportation<br />
costs and weak domestic connectivity<br />
which affects domestic<br />
prices.<br />
"High poverty incidence which<br />
makes majority of citizens crave<br />
<strong>for</strong> cheap products, including<br />
food items; High and prohibitive<br />
import tariffs which creates<br />
daunting compliance and en<strong>for</strong>cement<br />
challenges <strong>for</strong> the<br />
Nigerian Customs Services and<br />
also perpetuates corruption;<br />
Foreign exchange policy which<br />
incentivizes imports and penalizes<br />
domestic production and<br />
exports; Unsustainable subsidy<br />
regime on petroleum products<br />
and high transaction costs;<br />
High charges, corruption, inadequate<br />
equipment at the nation’s<br />
ports making the cost of<br />
clearing cargo at the ports very<br />
prohibitive".<br />
According to him, Nigerians<br />
should not underestimate the<br />
contribution of trade and commerce<br />
to the economy of the<br />
country, adding that,<br />
the distributive trade sector<br />
accounts <strong>for</strong> about 15 percent of<br />
the nation’s GDP, which is estimated<br />
at N20 trillion.<br />
“Traders play a major role in<br />
the value chain of the real sector<br />
activities in the economy.<br />
The trade sector is perhaps the<br />
largest employer of labour in<br />
the Nigerian economy. Mean-<br />
Vanguard, THURSDAY, OCTOBER 17, 2019 — 19<br />
Wife of the VP, Mrs Dolapo Osinbajo (Middle), Julius Berger AFP Sales Manager Mr<br />
Uchenna Uzoewulu and Exhibition Organizer Titi Ogufere at the AFP Stand, Made-By-Design<br />
Exhibition in Lagos.<br />
<strong>FG</strong> to create nationwide database <strong>for</strong> MSMEs<br />
By Yinka Kolawole<br />
The Federal Government is<br />
set to initiate a national<br />
database to capture all Micro,<br />
Small and Medium Enterprises<br />
(MSMEs) in Nigeria.<br />
Chairman, Governing Board of<br />
Small and Medium Enterprises<br />
Development Agency of Nigeria<br />
(SMEDAN), Mr. Femi Pedro said<br />
the database is to enable<br />
the government allocate<br />
$96.80 -2.85<br />
resources to grow the<br />
sector with a view to<br />
2,328.00 -17.00<br />
reduce unemployment.<br />
Pedro made the<br />
$12.09 -0.12<br />
disclosure at an event<br />
organised by SMEDAN<br />
to review the national<br />
CURRENCY BUYING SELLING<br />
US DOLLAR<br />
POUNDS<br />
EURO<br />
FRANC<br />
YEN<br />
CFA<br />
WAUA<br />
RENMINBI<br />
RIYAL<br />
SDR<br />
DANISH<br />
RAND<br />
By Naomi Uzor<br />
$63.43 -1.62<br />
$56.77 -1.81<br />
305.85 306.35 306.85<br />
372.2806 372.8892 373.4978<br />
341.0228 341.5803 342.1378<br />
309.033 309.5382 310.0434<br />
2.8168 2.8214 2.826<br />
0.5009 0.5109 0.5209<br />
420.0142 420.7009 421.3875<br />
44.3644 44.4374 44.5104<br />
81.547 81.6803 81.8136<br />
420.6967 421.3844 422.0722<br />
45.6608 45.7355 45.8101<br />
. 21.4862 21.5214 21.5565<br />
CBN Exchange rate as at 01/08/2019<br />
policy on MSMEs in Lagos<br />
He stated: "This year,<br />
SMEDAN is embarking on a<br />
project very important to us and<br />
already has the support of the<br />
federal Government. We are<br />
starting a mass registration of<br />
MSMEs in Nigeria. We don't<br />
want to rely on surveys alone.<br />
"We want to have a database of<br />
every business so we can focus<br />
policies directly on different<br />
sectors and different goods in<br />
different parts of the country."<br />
According to him, the database<br />
will be available to lenders,<br />
funders, people who are ready<br />
to provide support, state<br />
governments, policy holders and<br />
policy makers. He added that the<br />
programme <strong>cuts</strong> across a wide<br />
range of vocational skills, including<br />
plumbing, masonry, welding,<br />
iron bending, auto mechanics<br />
and electrical works.<br />
Addressing the graduands, Gov.<br />
Babajide Sanwo-Olu of Lagos<br />
State promised to employ the 200<br />
youths, who graduated from various<br />
skill acquisition in the Lekki<br />
Free Trade Zone.<br />
Sanwo-Olu, who was represented<br />
by Dr Tunde Sodade, the Managing<br />
Director of Lekki Free<br />
Trade Zone Worldwide said he<br />
was passionate about employing<br />
the youths.<br />
He said: "We will ensure that<br />
while, this is not to diminish the<br />
importance of security in the<br />
border management process.<br />
It is also true that neighbouring<br />
countries have been sabotaging<br />
government ef<strong>for</strong>ts to<br />
curb smuggling and check insecurity.<br />
The government has a<br />
duty to manage the situation<br />
and deploy appropriate<br />
responses", he stressed.<br />
review of the national policy on<br />
MSMEs guiding document<br />
would be ready and sent to the<br />
presidency <strong>for</strong> approval by the<br />
end of the year or by January next<br />
year at the latest.<br />
"We have already started but we<br />
are looking <strong>for</strong> more funding<br />
particularly from outside sources<br />
and we are putting together the<br />
parameters. Hopefully the<br />
registration should start by<br />
January. We are appointing<br />
consultants who would advise us<br />
as we do not have the resources<br />
to do this alone. So the<br />
consultants would drive the<br />
process <strong>for</strong> us and advice how to<br />
go about it," he said.<br />
Dangote graduates 200 youths in Ibeju-Lekki<br />
About 200 youths<br />
from Ibeju-Lekki<br />
community in Lagos State<br />
have graduated from skill<br />
acquisition programme<br />
organised by Dangote Petroleum<br />
Refinery.<br />
The programme, organised<br />
by Dangote Petroleum<br />
Refinery and facilitated<br />
by the National<br />
Directorate of<br />
Employment (NDE),<br />
aims at trans<strong>for</strong>ming the<br />
society and providing<br />
employment opportunities<br />
<strong>for</strong> them.<br />
The skills acquisition<br />
all of you that graduated today,<br />
will be employed at the free zone<br />
because we believe that what you<br />
learnt will be useful <strong>for</strong> the development<br />
of the zone. I urge you<br />
all to be good examples to <strong>other</strong>s<br />
and always demonstrate better<br />
character and integrity in what<br />
you do."<br />
In his remarks, Dangote Group<br />
Executive Director, Strategy,<br />
Capital Projects and Portfolio Development,<br />
Mr Devakumar<br />
Edwin said the initiative was a<br />
demonstration of Dangote Refinery’s<br />
commitment toward<br />
capacity-building and youth<br />
empowerment in the country.<br />
Budget 2020:<br />
Be guided by<br />
contract portal,<br />
<strong>FG</strong> tells<br />
procurement<br />
officers<br />
Emma Ujah, Abuja Bureau<br />
Chief<br />
The federal government<br />
has directed procurement<br />
officers in the various Ministries<br />
Departments and Agencies<br />
(MDAs) to be guided by the<br />
Nigeria Open Contract Portal<br />
(NOCOPO) in their award of<br />
contracts. The Director-General<br />
of Bureau of Public Procurement<br />
(BPP), Mr Mamman Ahmadu,<br />
gave the directive at the<br />
on-going workshop <strong>for</strong> the officers<br />
in Abuja.<br />
Stressing that the portal was<br />
designed to enhance transparency,<br />
accountability and increased<br />
citizens participation in<br />
the country’s procurement process,<br />
he said, ``The bureau in<br />
utilising improvements in modern<br />
technology developed NO-<br />
COPO which would ensure<br />
improved transparency, competition<br />
and accountability, prevent<br />
corruption and enhance<br />
active citizen participation in<br />
procurement, thereby ensuring<br />
better service delivery and improved<br />
ease of doing business.<br />
``The technical session and<br />
group discussions are expected<br />
to educate participants on all<br />
the steps in creating procurement<br />
plans and records.<br />
``It is expected that at the end<br />
of the workshop, participants<br />
will be well equipped and can<br />
prepare and submit procurement<br />
plans and records in line<br />
with the provisions of the Public<br />
Procurement Act, 2007.’’<br />
Also speaking at the workshop,<br />
the Director, Regulations,<br />
Database and In<strong>for</strong>mation Communication<br />
Technology, Dr Aliyu<br />
Aliyu, urged MDAs to key<br />
into the portal and take advantage<br />
of the latest technology<br />
in the discharge of their duties.<br />
He said: “This portal is the<br />
driver of open government partnership,<br />
which is a partnership<br />
between government and the<br />
civil society. Essentially, we are<br />
trying to make everything to be<br />
transparent so that everything<br />
the MDAs are doing could be<br />
seen by the citizens. So people<br />
can visit the portal and see<br />
what the MDAs are actually<br />
doing.<br />
Chevron, Pan Atlantic<br />
University conclude<br />
AWARES ’19<br />
The Chevron Nigeria Limitedsponsored<br />
Advanced Writing<br />
and Reporting Skills program,<br />
2019 edition, (Awares19), has<br />
ended at the School of Media and<br />
Communication, Pan Atlantic<br />
University (PAU), Lagos.<br />
The programme, which started<br />
in June successfully came to an<br />
end on in September, with many<br />
well-trained students equipped to<br />
become better professionals.<br />
Be<strong>for</strong>e leaving, the students expressed<br />
their appreciation to the<br />
managements of Chevron and<br />
PAU, promising to make their contributions<br />
to the development of<br />
journalism and society.<br />
Earlier, Mr. Esimaje Brikinn,<br />
General Manager, Policy Government<br />
and Public Affairs Department,<br />
tasked them to abide by the<br />
ethics of journalism. The Director<br />
of Professional Education, School<br />
of Media and Communication,<br />
PAU, Mr. Isaac Ezechukwu, also<br />
commended Chevron <strong>for</strong> sponsoring<br />
the students to participate in<br />
the programme.