NEWS
Tinubu woos investment at Nigeria-U. S. business roundtable
President Bola Tinubu has assured prospective investors of his administration’s determination to adopt necessary fiscal and regulatory measures toward the ease of doing business in Nigeria.
At the Nigeria-U.S. Executive Business Roundtable, the President said he recognised that investment capital is cowardly in nature.
He said that was the reason behind his bringing successful Nigerian industrialists and public officials to share their experiences and operational plans, respectively.
Tinubu said this was in addition to all he had done to boost the confidence of the global investment community in Nigeria, by reforming the fiscal, monetary, regulatory and tax policy environment.
“Nigeria is an opportunity that is impossible to replicate or find elsewhere in any part of the world. We have brilliant young people who both innovate and consume at a large scale.
‘’Our entrepreneurial spirit is a major part of what makes our market totally unique, aside from demography.
‘’Nigerians build businesses and Nigerian businesses partner with other businesses to conduct larger business.
‘’There is enough value to spread around. Be careful of what you hear about Nigeria. You may be dissuaded out of a major opportunity that others will take up.
‘’We are here for you. We will give you all the support you need to succeed and succeed abundantly,” the President said.
On behalf of the U.S. Government, U.S. Deputy Treasury Secretary Wally Adeyemo, told U.S. business leaders he came back from Nigeria on an official visit that later became a fact-finding mission.
“In Lagos, I saw, first-hand, some of the major reforms you implemented as the Governor of Lagos and the transformative effect on Nigeria’s commercial capital.
‘’People have attested to the fact that the reforms you have put in place as President are quickly enhancing confidence.
‘’American business is paying attention to that and from what we have seen for ourselves, Nigeria is proving to be a new frontier for investment.
‘’We will encourage our companies from our end as those reforms continue to deepen,” Adeyemo said.
The American Business Council President, Mr Sops Ideriah, said that the extensive turnouts at the roundtable by American business chief executives was impressive.
According to him, the turnouts served as a testament to the degree to which confidence is rising in response to the actions and words of the President.
He said that this was with respect to ease of doing business, investment promotion, and his willingness to intervene to clear the historical concerns of American business people about doing business in Nigeria.
“Having all the stakeholders in the room, His Excellency, the President of Nigeria being here, from government actors at the federal and state level to ministers and tax authorities present, as well as private sector industrialists in Nigeria.
‘’We are very positive about the potential of Nigeria and we are just reinforcing to our colleagues the message about the economic opportunities that exist there,” Ideriah said.
Acting Chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, assured the American captains of industry that the nation’s apex tax authority would not focus on taxing the seed.
He said it would focus only on the proportionate taxation of the fruit of fully formed industry, through efficient policy synergy with Nigeria’s sub-national authorities.
“The President is a business enabler, not a handicapper. Everything we do will be geared toward making your tax assessment and payment processes as digitally efficient and transparent as possible.
‘’We are not after the seed, but the fruit and we will keep to this commitment,” Adedeji said.
NEWS
Abuja Stampede: CAN Mourns
By Laide Akinboade, Abuja
The National Leadership of the Christian Association of Nigeria (CAN) at the weekend, said it is disturbed by the tragic events at Holy Trinity Catholic Church in Maitama on Saturday morning.This was contained in a statement issued by CAN signed by Archbishop Daniel Okoh, President, Christian Association of Nigeria (CAN), and made available to journalists in Abuja.
.The statement reads in parts, “We have learned that at least ten people, including children, lost their lives in a stampede while trying to seek help from the church. ”This tragedy is not just statistics; it represents real families who are hurting. Each person lost was someone’s beloved family member. We wish to express our heartfelt condolences to the Catholic Church and to the families affected by this terrible incident. We stand together with you in this time of sadness and prayer.”Many people arrived early, hoping to receive palliatives that would help them during tough times. What was meant to be a day of support turned into a disaster, leaving a heavy impact on all of us and reminding us how fragile life can be.”This incident is part of a troubling pattern, as Nigeria has experienced two other tragic stampedes this month. On December 18, during a Christmas funfair at a school in Ibadan, a stampede resulted in the deaths of 35 children, with six others critically injured. The event aimed to distribute cash and food to over 5,000 children. This tragic event is currently under investigation, focusing on better crowd control measures.”Just a few days later, another stampede occurred during a rice distribution event at a centre in Anambra State. Reports indicate that at least 22 people lost their lives, and 32 others were injured. These heartbreaking incidents highlight the challenges of managing large crowds during charitable events. “In the face of these tragedies, we recognise the importance of coming together to support those who are grieving. It is crucial that we listen to one another, share our feelings, and offer help in any way we can. This is a time for compassion and understanding as we help one another heal.”As we reflect on these devastating events, we invite all Nigerians to come together with kindness and understanding. Let us support one another and work towards creating a place where everyone feels safe and valued. The concern shown in response to this incident highlights our shared humanity.”Together, we can honour the memory of those we have lost by committing to a future filled with hope, where every life matters, and where we can gather in safety and peace, sharing in the abundance of food and support that we can provide for one another as a nation.”May those who have passed find eternal rest, and may God comfort all who are grieving”.NEWS
Benue unveils Zeva Premium Lager Beer
The Benue Government on Sunday unveiled a new beverage, Zeva Premium Lager Beer, produced by Benue Investment and Property Company (BIPC).
Gov. Hyacihth Alia, who presented the new product to the public in Makurdi, said the product was a significant step toward economic rejuvenation, industrialisation, and sustainable development of the state.
Alia stated that the product has further expressed the state’s readiness to harness her resources, build and revive dormant industries, and foster local economic growth.
The governor said the brewery would create a sustainable value chain, turning agricultural raw materials like cassava, sorghum, millet, and maize into high-value products.
He said the beer was an economic strategy to boost state internally generated revenue, reduce dependence on federal allocations, create jobs for the youth, address unemployment, and foster economic stability.
Alia said that through the BIPC, the state has initiated negotiations and interventions to ensure that the Benue Brewery, now managed by Nigerian Breweries, was revived and repositioned for optimal productivity, but their efforts failed.
“Having seen the economic potentials of the brewery industry on our local farmers and the economy of the state, we floated Food Basket Brewery that will produce quality beverages that can compete on national and global stages.
“The launch of Zeva Premium Lager Beer is a game-changer for the agricultural and economic landscape of Benue State.
“The brewery’s operations will directly impact the lives of our farmers, the state’s Gross Domestic Product (GDP), and overall economic development of the state.” he said
The governor stated that through the BIPC, the state has initiated various projects aimed at revitalising existing industries and establishing new ones.
He said though there were other beer beverages in the country, the Benue brand remained the best in the market.
Alia urged the people to drink beer responsibly.
The governor commended the Managing Director (MD/CEO) BIPC, Dr Raymond Asemakaha, along with the management and entire staff of the company, for their relentless efforts, dedication, and commitment to bringing change to the state.
The BIPC Managing Director (M-D/CEO), Asemakaha, said in his remarks that the launching of the beer would increase the state GDP by 17 per cent.
Asemakaha said that the target of the company was to create 10,000 jobs by 2025, adding that they have already created 411 direct jobs within one year.
“Zeva Premium Lager Beer represents more than just a new product. It is a symbol of innovation, resilience, and the indomitable Benue spirit.
“As we unveil this premium beer today, we do so with the knowledge that it will contribute significantly to the socio-economic development of our dear state in several critical ways,” he said.
The M-D disclosed that the Food Basket Brewery would not only produce Zeva Premium Lager Beer but also an array of other assorted brands that would cater to diverse tastes and preferences.
He said Zeva Premium Lager Beer was more than just a drink; it was a celebration of the Benue spirit—a spirit of resilience, determination, and excellence.
The high point of the event was the unveiling of the Zeva Premium Lager Beer product to the public by the governor. (NAN)
NEWS
NAFDAC, Manufacturers Collaborate to Strengthen Food Safety Culture in Nigeria
The National Agency for Food and Drug Administration and Control (NAFDAC) has partnered with the Association of Food, Beverages, and Tobacco Employers (AFBTE) to promote a food safety culture in Nigeria.
This collaboration was announced in a statement issued by NAFDAC’s resident media consultant, Mr Olusayo Akintola, to newsmen in Abuja on Sunday.
He said the event took place in Lagos on Friday, where NAFDAC’s Director-General, Prof.
Mojisola Adeyeye, was represented by Mrs Eva Edwards, Director of Food Safety and Applied Nutrition (FSAN).The statement quoted Adeyeye, highlighting that the collaboration stemmed from an end-of-year stakeholders’ dialogue session with NAFDAC.
She said the session provided an opportunity for both parties to have open discussions on strategic objectives.
Adeyeye noted that the FSAN dialogue had become a key part of NAFDAC’s calendar, marking its third consecutive annual edition.
She said the session aimed to share insights and tackle challenges related to ensuring the safety and quality of food supplied to Nigerians.
The NAFDAC Director-General emphasised that the event underscored the vital role of AFBTE in protecting public health and maintaining consumer trust.
“It also served as a platform for discussing important food safety concerns and sharing information on new regulatory processes for food manufacturing facilities in Nigeria.”
Adeyeye pointed out the far-reaching impact of unsafe food, which not only affected public health but could also harm economies and trade.
She stressed the importance of the food sector in adopting robust food safety standards, innovative solutions, and a food safety culture.
“NAFDAC, alongside AFBTE, is committed to guiding the industry towards voluntary compliance with regulatory requirements.
“This meeting is an opportunity to discuss how we can improve our services and better support you. What worked well in 2024? What didn’t, and how can we improve?”
She also mentioned that NAFDAC had received several applications from manufacturers requesting changes to product formulations, and the agency would work to verify these necessary changes.
The statement also quoted Mr Fred Chiazor, Chairman of the Technical Committee of AFBTE, who commended NAFDAC for facilitating the meeting, which provided an opportunity for industry stakeholders to collaborate on progress for the upcoming year.
He noted that AFBTE members had become more strategic in their thinking and encouraged them to speak openly about issues they encounter. (NAN)