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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.

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