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We’ll Create Conditions for Genuine Investments; Frustrate Criminal Adventures- Tinubu

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 President Bola Tinubu has assured genuine businesses intending to invest in Nigeria that his government was determined to create the conducive atmosphere for genuine businesses to thrive.

Tinubu, who was represented by the Secretary to the Government of the Federation, Sen.
George Akume, said this on Tuesday in Abuja, at the opening ceremony of the 2nd edition of the Africa Natural Resources and Energy Summit (AFNIS).He warmed that the government would no longer tolerate criminal adventures and their criminal collaborators.According to him, the government will do everything possible to lower the risks of investment by overcoming the temptation to interfere in the legitimate business operation of duly licenced miners.“Dear investors, we are determined to create the conducive conditions for genuine businessmen.“We welcome you and shall do everything possible to assist law-abiding businesses to operate in our country.“However, we shall no longer tolerate criminal adventures and their local collaborators who exploit our socio-economic – environment to sabotage our nation, in the guise of bringing business.“Those caught will face the full wrath of our laws, ‘” he said.The president said that the said that the AFNIS event was also an opportunity to discuss new ideas and display new technologies.” Our country does not Intend to “re-invent the wheel”.“We hope to leverage on the advancement of technology so that our solid minerals can catch up with the world,” he said.He called on geologists, , and all other professionals in the field, to put on their thinking caps, and establish Nigeria as an intellectual, professional and industrial hub in solid mineral exploitation, manufacture and export in Africa.Also speaking, the Minister of Solid Minerals Development, Mr Dele Alake said that Nigeria has witnessed the transformative potential of the solid minerals sector.Alake expressed government’s renewed commitment to effectively harness the resources for the benefit of all Nigerians.“In Nigeria, we have witnessed the transformative potential of our solid minerals sector and the vast opportunities that lie within it.“We are committed to harnessing these resources effectively, efficiently and sustainably to drive economic growth and create prosperity for our citizens.” Our efforts in this direction have already yielded positive results, with increased exploration, investment, and responsible mining practices taking center stage,” Alake said.According to him, the global energy landscape is also undergoing a profound transformation.He said that the imperative of combating climate change was steering us towards cleaner and more sustainable energy sources driving our industrial activities towards less carbon footprints.“We must embrace this transition, seizing the opportunities it presents for innovation, job creation, and a healthier planet.“Nigeria, with its vast energy potential, is poised to play a pivotal role in this journey.“We must work collaboratively to diversify our energy sources, promote renewable energy, and implement energy efficiency measures,” hesaid (NAN

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Customs Intercept Contraband Worth N510.92m in Two Conths

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The Nigeria Customs Service (NCS), Federal Operations Unit Zone C, says it intercepted contrabands with a Duty Paid Value (DPV) of N510.92 million between July 15th and September 15th, 2024.The zone covers the six states in the South-South geopolitical zone and the five states in the Southeast geopolitical zone.

This is contained in a statement signed by Jerry Attah, Public Relations Officer, NCS, Zone C, and made available to journalists on Wednesday.
According to the statement, Comptroller Michael Ugbagu, NCS, Zone C, gave the statistics while showcasing the seized contraband to relevant regulatory agencies at the Government Warehouse in Edo.Ugbagu said that the zone also recovered the sum of N25.
57 million from demand notices raised based on some infractions noticed, making a cumulative sum of N536.49 million recorded within the months under review.“The DPV was derived from our seized goods, which include 49,699 sachets of various brands of tramadol and 3,350 bottles of various cough syrups with codeine without an NAFDAC number.“1,015 sacks of dry donkey meat and skin, 75 jumbo bales of second-hand clothing, 463 cartons of foreign spaghetti, 269 pieces of used pneumatic tires, and 56 cartons of smuggled foreign tomato paste.“More worrisome is the interception of 49,699 sachets of various brands of tramadol and 3,350 bottles of various cough syrups with codeine without NAFDAC registration numbers.”He noted that the cough syrup with codeine and tramadol without NAFDAC registration numbers, if not intercepted, could have had adverse effects on youths.He added that the items were mostly intercepted along the Ewu-Okada/Benin expressways based on credible intelligence. (NAN)

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APC Forum Decries Deplorable Condition of Federal Roads

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The Forum of Stakeholders of the All Progressive Congress (APC) has decried the deplorable condition of some federal roads in Nigeria. Alhaji Saleh Zazzaga, the North-Central Chairman of the forum, said this in an interaction with newsmen on Wednesday in Jos. Zazzaga described some of the federal roads as ”death traps”, particularly those within the north-central region.

He said that some of the deplorable roads in the region include Jos-Akwanga, Makurdi-Oturkpo-Otukpa, Makurdi-Ankpa, and Jos-Saminaka.
Other roads that needed urgent attention, he said, included Suleja-Minna, Ejule-Otukpa, Ganawuri-Manchok, Lokoja-Abuja, Lapai-Agaie-Bida, Birnin-Gwari-Bokani-Mokwa, Minna-Zungeru-Tegina-Kontagora.
”Currently, the north-central region has the most deplorable roads and highways in the country. ”These deplorable roads have brought severe hardship on the people and lost lives and property through preventable road traffic crashes. ”We call on President Bola Tinubu to intervene and ensure the rehabilitation of these roads because good roads are vital enablers of development,” he said. The chairman also called on governors of states within the region to reconstruct the dilapidated roads and seek refunds from the federal government. ”Though these are largely federal roads, they are located within states, and the beneficiaries are the people of these states. ”So we call on state governments to reconstruct these roads and seek refunds from the federal government,” he added. (NAN

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Yuan Strengthens 7. 087 Against Dollar

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The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 160 pips to 7.087 against the dollar on Wednesday.This is according to the China Foreign Exchange Trade System.In China’s spot foreigners exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.

The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
(Xinhua/NAN)

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