Monday, June 7, 2010

FASHOLA EXPLORES BUSINESS OPPORTUNITIES WITH GERMANY

The German business community in the port city of Hamburg have discussed with the Lagos State Governor, Mr. Babatunde Fashola, and other state officials opportunities for business partnership between Lagos and Hamburg.
The meeting, was at the instance of the German Consul-General.
In his presentation titled, “Investment Opportunities In Africa’s Emerging Model Mega-City,” Fashola explained the rationale behind the LFTZ, the proposed Lekki airport, deep sea multi-purpose port within the zone, light industrial and manufacturing estate, petrochemical plants and oil refineries, housing and power supply projects as well as the incentives, which had been provided for the benefit of investors.
Incentives include 100 per cent repatriation of capital, profit and dividends; 100 per cent tax holidays, custom duties and levies, tax-free imports of raw materials and components for goods destined for re-export, waiver on all import and export licenses and waiver on all expatriate quotas for companies operating within the zone.
Fashola pointed out to the German business community, that water supply offeres huge returns on investment as Lagos had over 18 million people and a growing population.
Other areas of investment in this sector, according to the Governor, include construction and management of water plants, water distribution and bulk metering of 31 zones and waterworks.
Areas of investment in the sector, according to Fashola include the Blue Line, 27 kilometres, and the Red Line, 31km, station parking, rail infrastructure development which required $787m, with projected returning annual revenue of $400m.
Fashola said with the capacity to transport 37 million people annually with projected yearly revenue of $37m, the four ferry routes in the state is also another investors haven where investors can also take on jetty construction and management, operator services as well as ferries.
Also on the trip with governor Fashola were the Chief Whip of the state House of Assembly, Dr. Abdulrazaq Balogun, Chairman, House Committee on Commerce and Industry, Mr. Sanai Agunbiade and Chairman, House Committee on Health, Dr. Babatunde Adejare.
Others are the state Commissioner for Transportation, Prof. Bamidele Badejo and his health counterpart, Dr. Jide Idris, Special Adviser on Works and Infrastructure, Mr. Ganiyu Johnson, and his Commerce and industry counterpart, Mrs. Sola Oworu.

ANOTHER PLUS FOR CARGO TRACKING NOTE

Inspite of criticisms by some Stakeholders in the maritime industry on the introduction of the cargo tracking system in Nigerian ports, others have continued to throw their weight behind the system.

A member of the Council of Regulation of Freight Forwarding in Nigeria, Alhaji Inua Mohammed, said the newly-introduced Cargo Tracking Note (CTN) will not only promote maritime trade but if well run will contribute enormously the's country’s financial well being and ability to facilitate legitimate trade and attract new inward investment.

According to Mohammed, CTN is very critical to the economy, and the maritime system because it has introduced accountability and transparency into cargo clearance.

He said there is no additional cost on cargo tracking as everything is paid for right from the port of origin noting that many shipping agents have over the years been collecting the monies and never remitted them.

He said with CTN, the government will be able to pluck revenue loop holes which have undermined economic growth.

The Comptroller-General, the Nigeria Customs Service, Alhaji Dikko Abdullahi, while calling on Nigerians to support the Federal Government’s Cargo Tracking Note(CTN) for safety, security and prompt clearance of goods at the port said that contrary to wide-held speculations, the CTN will neither increase freight charges nor cost of operations at the ports.

"You see, when we talk about this procedure, it is that we are very much aware about the way cargoes come into the country, actually with some of them not having verification because where government says these are the fiscal policies; these are the laid down rules as regards imports but with this cargo tracking note, actually, the shipper must tell us what the container is carrying including the documents of the container.

" So one, it will actually assist the customs in knowing what is in the container. It will help us reduce burden of physical examination except where we think we have profiled the container for 100 per cent examination. I believe it is very good. I believe it’s going to bring much awareness to the people of Nigeria about what (the importer) is going to bring in terms of security and it will increase our revenue collection because we are going to know how much cargoes or the exact quantity of what is in the container,"

While calling on members of the organised private sector and maritime stakeholders to embrace CTN, he argued that the newly introduced scheme will guard against sharp practices, under-declaration of cargo and concealment by importers.



"As a Custom officer, I can bring you the bill of laden but I can tell you that there are no actual content of what the cargo is carrying and that is why we have false declarations. One may tell you that he’s carrying used engines, but when we open, we will find he’s carrying textile.

Although Freight forwarders are spoil-ing for war with the organised private sector for not giving a soft berth for the new Cargo Tracking Note (CTN),Nigerian Ports Authority (NPA) says the newly-introduced Cargo Tracking Note (CTN) will not add to the cost of doing business in the Nigerian ports.

Spokesman of the authority ,Musa Iliya,said the CTN fee or charges had been an integral part of cargo freight.

According to Iliya, there is no additional cost on cargo tracking as everything is paid for right from the port of origin but shipping agents have over the years been collecting the monies and never remitted them.

The Cargo Tracking Note was approved by the Federal Executive Council at its meeting of 9th of December, 2010.

LAGOS STATE SIGNAGE AND ADVERTISING AGENCY(LASAA) BAGS COMMERCE AND INDUSTRY CORRESPONDENTS 2009 CRYSTAL AWARD OF EXCELLENCE.

The Lagos state signage and advertising agency(LASAA) has bagged the Commerce and industry correspondents 2009 crystal award of excellence. The award was presented during the association’s annual dinner and award night held at Sheraton hotel.

Appreciating the gesture by CICAN the chief executive officer, Lagos state signage and advertising agency (LASAA)Makanjuola Alabi said the award is an indication that the agency is making tremendous progress inspite of complaints from some quarters.
Reiterating the state government’s commitment to create a more conducive and habitable environment the LASAA boss said the agency will continue to provide infrastructures capable of promoting good advertisements in line with the mission statement of the agency to modernize, standardize and regulate street scopes so as to benefit the citizensry and visitors alike.
He said the goal of the agency established by the Lagos state structure for signage and advertisement agency law 2006 is to sustain excellence in service delivery as it relates to the advert industry. Stressing the growing trend in outdoor advertising the LASAA boss said advertisers have increasingly acknowledged the effectiveness and its wide reach.
He urged stakeholders and their agents to ensure compliance with the laws of the agency so as to attain the mega statues dream of the state government.
Commenting on the award, the chairman CICAN Babatola Adeyemi said the agency’s recognition for excellence is based on its performance in standardizing and regulating outdoor advertising in the state. He said the CICAN crystal award which is an annual event will continue to reward excellence in the real sector of the economy with its growing recognition.

'CARGO TRACKING NOTE SYSTEM 'GETS SUPPORT OF NATIONAL COUNCIL OF MANAGING DIRECTORS OF LICENSED CUSTOMS AGENT

kPrior to the September eleven booming of the world trade centre in the U.S. customs authorities were responsible for the clearance of imported goods at destination With the incident a cargo security program was developed.
This new protocol for tracking and screening of cargo both from the country of origin to destination known as the cargo tracking note system was the focus of a one day National workshop organised by the commerce and industry correspondents association of Nigeria at the Airport Hotel in Lagos.

Delivering the paper titled “strengthening global cargo security system through tracking, screening and inspection of import and export of goods”, the National President , National Council Of Managing Directors of Licensed Customs Agent, Lucky Eyis Amiwero explained that for the global requirement for supply chain mechanism America enacted three laws to take care of port facilities, vessels and cargo.

They are namely Maritime transport security act, the safe port act and the trade partnership against terrorism act. He explained that the safe port act among others focuses on harmonization of advance electronic cargo information requirements for inbound and transit shipment.
Enumerating the benefits of the cargo tracking system, Amiwero said cargo tracking represents an additional layer of security to ensure that goods reach their destination in the same condition as they began their journey.
Speaking on the 7 percent port development levy and cargo tracking note, Amiwero said the concept of 7 percent port development levy should be looked into so as to drop such charges as was recommended by the inter – Ministerial task force for the review of port charges. He said the present collection of seven percent levy in port industry is not in consonant with the port concession agreement that transfer port development activities to the terminal operators. , Amiwero stressed the need to transfer such charges to more productive aspect of port operation which is the cargo tracking note process that is for revenue generation, security and safety of cargo in line with global trend.

Friday, May 7, 2010

PRINCE KOTUN: FIRST CLERK , LAGOS HOUSE OF ASSEMBLY SPEAKS ON CIVIL SERVICE STRUCTURE.

In the last 30 years, the state of the Nigerian worker has deteriorated considerably.The Nigerian Labour Congress and Civil Societies have continued to decry this ugly trend and have been calling for an upward review of the minimum wage; the latest being the agitation for a N52,000 minimum wage per month as against the current N5,500.
But gladly the newly sworn-in President, Goodluck Jonathan recently made another promise of wage increase.But the labour congress and the federal government are yet to arrive at a compromise on the ideal minimum wage for Nigerian workers.

The International Labour Organisation defines a minimum wage as a wage which provides a floor to the wage structure in order to protect workers at the bottom of the wage distribution. Minimum wages are a nearly universal policy instrument applied in more than 90% of ILO member States. However, the level at which minimum wages are set varies between countries, as do the rate and frequency at which they are updated. Between 2001 and 2007 most nations increased their minimum wage by 5.7% .

Prince Kotun who has been involved in the administration of Public Service for several decades and held top posts in the Public Service of the former Western Region and Lagos State of Nigeria and also author of the book the History of Eko Dynasty is of the view that while the move to review the salaries of public servant is a welcome developpment,there should be a concrete salary structure such that salaries are reviewed frequently.
He said government should not wait for workrers to go on strike before salaries are reviewed. Prince kotun who was the Clerk of the first Lagos State House of Assembly and Chief Electoral Officer, Lagos State urged public servants to shun all forms of corruption noting that the call to civil service is a call to serve the nation and not to amass wealth.

Friday, April 23, 2010

AFRICAN INSTITUTE FOR APPLIED ECONOMICS (AIAE) HOLDS CAPACITY BUILDING SEMINAR FOR COMMERCE AND INDUSTRY CORRESPONDENTS ASSOCIATION(CICAN)

The Communications and Relations Manager, African Institute for Applied Economics (AIAE) sola oluwadare, noted that, “The seminar, which forms part of the capacity building initiatives of AIAE, is an opportunity to create collaboration and synergistic relationship with important institutions in the nation. He is of the view that the media, as a communicator of policy reforms need to be properly carried along in the process of policy formulation of which economic research is fundamental.
He believes that self development and financial planning are germane for effective growth of human capital which is the concomitant of any meaningful economic development. Therefore the media, as a major player in achieving economic renaissance, need skill enhancement and other personal development initiatives.
Oluwadare disclosed that the Institute would use the opportunity to showcase the output of its recent research on the measurement and explanation of informal sector, a masterpiece meant to ginger government’s deliberate policies to deepen economic integration

The AIAE spokesman, Sola Oluwadare said the event billed for Lagos Airport Hotel on the 30th of April has the theme “The Role of Media in Fostering Utilization of Research in Public Policy”, with the Director General of the Lagos Chamber of Commerce and Industry, (LCCI), Mr. Muda Yusuf, billed to handle the topic. Oluwadare explained that men of the pen profession would also be exposed to issues on self development and financial planning to be handled by Mr. Lanre Oyetade, the personal finance coordinator of the Nigerian Tribune Newspapers while the Director General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Mr. Lawrence Adekunle will preside over the seminar.

If you will like to know AIAE is an independent international research organization devoted to promoting evidence-based policymaking in Nigeria and Africa. It has the mission of conducting policy-oriented economic research.

IBA LCDA COUNCIL BOSS SAYS DEVELOPMENT OF ALABA MARKET IS PARAMOUNT

The chairman IBA local development area Hon Toyin Suarau says the council’s plan to develop Alaba- Rago market is for the general good of the populace.

The chairman who disclosed this to journalists who were on a project assessment tour of projects in his council said the market has been an eyesore, with traders residing in the market which contravens the law of the state government while all sort of immoral and criminal activities also take place there.
Coupled with this he said the traders have refused to pay tax , fighting and bringing in ethnic sentiments when asked to pay.

'I WILL CONTINUE TO ASSIST RESIDENTS OF BARUWA, IPAJA - SAYS COUNCIL BOSS

Chairman Ayobo/Ipaja local council development area, Prince Bisi Yusuff has described Baruwa in Ayobo /ipaja Lcda as a disaster not only to the state but to the nation at large.

The chairman who disclosed this while taking members of the NUJ Lagos council project assessment team on a tour of projects in his area said the effect of oil spillage in the area is so devastating that it is very difficult to dig a borehole with clean water in the area. He said this dearth of water has resulted in the spread of diseases in the area.

He said to ameliorate the sufferings of residents; the council has ensured regular supply of water to the area while creating a befitting primary health center in the area.

Thursday, March 11, 2010

NUJ LAGOS COUNCIL ASSESS LGA/LCDA PROJECTS IN LAGOS

The first day of the tour saw the team visiting the Agege local government and the Orile Agege LCDA.
At the Agege local government, the team was received by the protocol officer to the chairman , Bidemi Amodu . The team visited the vocational centre which house the computer centre and the hairdressing dept. At the computer center , Tosin Arowolo, the computer inspector explained that the centre was handed over to the council by UNDP/NAPEP. She said already five hundred trainees have passed through the tutorage of the center.

The hairdressing course she explained runs between three to nine months, while publicity is often made for registration for the courses which she explainned is free.
The chairman, Hon. jubril Ayodeji Abdulkareem, who later joined the team ,apologising for his late arrival, briefed the team on the various projects of the council. The chairman then led the team to some of the project sites.
Projects visited included the Sango primary health center, Majaro road construction, the olusanya komolafe road,the community project at Adetona street.
The chairman said as part of upcoming projects, plans are on to provide a maternity center in each of the seven wards in the area.

It was a different story at orile Agege LCDA as the chairman was not available to welcome the team.Two staffs of the council were however mandated to take the team to the various project sites. Sites visited included the housing project in Abule Egba under construction, the power projects at Olabua street which was yet to be powered,and the Rehabilitation of block of four classrooms at bishop Ajara primary school where the head teacher refused the team access to inspect the project.
Altogether the team found out that the staff mandated to take the team out knew little or nothing about the project.
The second day of the tour took the team to to Ifako Ijaiye local government and Jokoro LCDA.
Although the chairman Ifako Ijaiye local government,Hon Demola Doherty was not around when the team visited,they were briefed by the supervisor for works Hon Tokunbo Ogunsanya in the presence of the information officer dapo okediran and some other council executives.


The council officials later took the team to project sites.Projects visited included Bishop hughes road construction and drainage const.,Obawole bridge, the Abiola Onijemo link bridge to link Ogba,oke Ira with Iju.
Other project sites visited include the water of life project, a government private sector initiative, the primary health center at Ashabi taiwo st. Obalowo community and the upgrading of existing 6 classrooms belonging to st-kizito pry school ,iju.
The team later went back to the local council where they were briefed by the council manager,Rafiu Omowole Fashola on behalf of the chairman .
He said the major challenge of local government is in expressing the essence of governance.He said it is essencial that local councils ensure that the dividend of democracy is placed on the door step of the people.

Throwing more light on the Abiola Onijemo Bridge ,which has been described as a large project, he said local councils need not be myopic but positive in their think.
The team is expected to visit the Ikeja local government, Ojodu LCDA and Onigbongbo LCDA.