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AfDB Begins Disbursement of $540m SAPZs Fund – Official

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The African Development Bank (AfDB), says it will commence the disbursement of US$540 million to the first batch of states for the development of Special Agro-Industrial Processing Zones (SAPZs).

Senior Special Adviser on Industrialisation to the AfDB President, Prof.

Banji Oyelaran-Oyeyinka, made this known while presenting a report to Vice-President Kashim Shettima, on Monday at the Presidential villa, Abuja.

Oyelaran-Oyeyinka led a delegation of the bank and that of the United Nations Industrial Development Organization (UNIDO), to present their separate reports on the status of projects being executed in Nigeria.

Reports says that the three states to benefit from the first phase of the development of processing zones are Oyo, Kaduna and Cross River.

Other states are to get theirs as soon as they are through with documentation.

Oyelaran-Oyeyinka explained that SAPZ was an initiative of the AfDB aimed at turning the rural landscape into economic zones of prosperity and harnessing the power of commercial agriculture and food.

“The primary objective is to support inclusive and sustainable agro-industrial development in Nigeria. Phase one of the project is at the point of disbursement.

“Kaduna, Oyo and Cross River States are all in the process of receiving disbursements and we hope that the other states can speed up their documentation so that we can fast-track them.

“We raised US$540 million in catalytic funding and we expect every state to find a partner that will bring equity and join up with them.

“It is a government-enabled project but private-sector driven,” he said.

He further stated that the first phase of SAPZs is being implemented in seven states, namely Cross River, Imo, Kaduna, Kano, Kwara, Ogun, and Oyo, as well as the Federal Capital Territory (FCT).

“Ogun state found a partner for the project and decided not to take the loan. We are basically going to distribute the loan to the other states.

“The next thing is preparation for phase two with 27 states. The demand is enormous but we have to prioritise those who move fast.

“We have set up eligibility criteria for the states and to rank them. We expect them to have a feasibility report, environmental impact study and a commitment to counterpart funding.”

Also, the Head of Investment and Technology Promotion Office, UNIDO, Abimbola Wycliffe, told the Vice-President that the recovery plan for the Ajaokuta Steel Company Ltd. would include revitalization through rehabilitation, modernisation and expansion.

Wycliffe said “Single-phase turnaround for the entire plant is challenging due to heavy investments and a prolonged revenue generation timeline.

“We will convert the integrated steel plant into strategic business units (SBUs) to serve as profit centres.

“Conduct opportunity studies for each SBU, focusing on incremental investments, raw materials availability, labour, utilities, and market demands.

“Prioritize SBUs with lower investments and quicker positive cash flows (the low-hanging fruits).”

Wycliffe called for the reinvestment of profits from each SBU in ASC to reduce the burden of incremental investment on the Nigerian economy.

She recommended the enhancement of foreign exchange earnings and contribution to local economic development in the country

Responding, Shettima said that all hands must be on deck to ensure that the visions of President Bola Tinubu are delivered to the Nigerian people.

According to him, it is time to walk the talk.

“We have passed the age of talking; we have to walk the talk. We can talk from now till eternity and it does not mean anything if there is no action and hence we must make this work.

“We just must. We have not seen beyond the depth of our pockets; what comes to us is more important than what comes to the generality of the people. Things must change.

“I read a book on how Korea transformed itself with no natural resources, how they started producing steel against all odds, how they went into ship building.

“And how Hyundai, Daewoo, Samsung, Kia have come on board. I believe that when there is a will there is always a way,” he said. (NAN)

NEWS

Breaking: George Akume remains SGF – Presidency

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The presidency says there has been no change in the status of Senator George Akume, as Secretary to the Government of the Federation.

This is according to a statement by Special Adviser to the President on Information and Strategy, Bayo Onanuga.

Mr Onanuga says President Bola Tinubu, currently in Saint Lucia, has not made any new appointments.

He described the information circulating about Akume’s replacement as untrue, adding that agents of mischief fabricated it.

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NEWS

Diri Campaigns Against Drug Abuse, Trafficking

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From Mike Tayese, Yenagoa

Bayelsa State Governor, Sen. Douye Diri yesterday, led a campaign against drug abuse and illicit trafficking as part of activities commemorating the International Day Against Drug Abuse and Illicit Trafficking.

Diri advised people of the state, particularly the youths, to shun hard drugs and trafficking of illicit substances, saying they were harmful to their health and to the society.

The Bayelsa governor, who spoke shortly after the weekly Prosperity Walk exercise at the Samson Siasia Sports Complex in Yenagoa, also urged youths to develop themselves by acquiring a skill and work towards actualising their God-given potential.

“We just completed a nine to 10km walk, which is a test of our fitness. As it is said, health is wealth.

“Today is the International Day Against Drug Abuse and Illicit Trafficking. We are not only observing the global campaign, we are also leading it here in Bayelsa.

“No one in his right senses goes to commit crime and violent acts except that individuals are under the influence of hard drugs. My advice to youths is to be self-confident, have the fear of God and develop your innate potential for you to become a star.”

He implored youths to emulate the shining example of a Bayelsa-born United States-based athlete, Victory Godah, who was discovered through the state’s sports programmes.

He commended her gesture of donating sporting equipment as a way of giving back to the state.

“Victory Godah from Ekeremor local government area was discovered here and because of her skill, she is now at the University of Minnesota, United States. She has given back to the state through sports equipment so that more of us can have that access.”

In his remarks, the Commissioner for Health, Prof. Seiyefa Brisibe, emphasised the importance of the weekly walk, stating that participants above 40 years would have their blood pressure controlled after taking about 5,000 steps.

Also, state chairman of the Drug Abuse, Addiction, Prevention and Rehabilitation Committee, Dr Peter Owonaro, said the committee’s outreach in the state had been a huge success, noting that a recent research indicated that the drug abuse prevalence rate in Bayelsa dropped by five per cent from 21.4 per cent.

Also, the state commander of the National Drug Law Enforcement Agency (NDLEA), Kanu Sunny, lauded the state government for its unprecedented support in the fight against drug abuse and trafficking.

He said the campaign was taken to secondary schools as well as tertiary institutions and encouraged all to join in the war against the menace.

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Foreign News

Ally of Cameroon President, 92, Quits ‘Broken’ Government to Challenge Him

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Issa Tchiroma Bakary – a prominent minister and long-time ally of President Paul Biya – has quit Cameroon’s government, in the hope of ending 92-year-old Biya’s four-decade grip on power in upcoming elections.

Just four months before the central African nation went to the polls, Tchiroma said the Biya administration he belonged to had “broken” public trust and he was switching to a rival party.

“A country cannot exist in the service of one man,” he said on Wednesday.

While he was communications minister, Tchiroma notably came under fire for denying – then backtracking on his denial – that Cameroonian soldiers had killed women and children in a viral video.

His other roles during almost two decades in government include being a spokesman for the Biya government, and, until his resignation on Tuesday, he was employment minister.

Paul Biya – the world’s oldest head of state – has yet to confirm if he will attempt an eighth term as president. Last year, the country banned reports on the president’s health following rumours he had died.

As this election approaches, high unemployment and soaring living costs are of concern to many Cameroonians, as are corruption and security. A separatist insurgency in the English-speaking provinces as well as jihadists operating in the northernmost region have forced many thousands of Cameroonians from their homes in the past decade.

Cracks in Tchiroma’s relationship with President Biya were blown open earlier this month, when he told crowds in his home city of Garoua that Biya’s time in power had not benefited them in any way.

Tchiroma, widely reported to be 75, continued this criticism in a 24-page manifesto released a day after his resignation – promising to dismantle “the old system” so that Cameroon could move beyond “abuse, contempt, and the confiscation of power”.

One of his proposed solutions is federalism – he is offering to hold a referendum on devolving more power to Cameroon’s 10 provinces. This has long been mooted by many as a solution to the country’s so-called Anglophone crisis.

Specifically addressing English-speaking Cameroonians, who have long complained of marginalisation and discrimination in Francophone-dominated public institutions, he said “you do not need people to speak for you – you need to be listened to” and that “centralisation has failed”.

Tchiroma also used his manifesto to say Cameroon “has been ruled for decades by the same vision, the same system. This model, long presented as a safeguard of stability, has gradually stifled progress, paralysed our institutions, and broken the bond of trust between the state and its citizens”.

As the October presidential election approaches, rights groups have condemned the government’s crackdown on dissent.

Shortly after Tchiroma announced his plans to run for the presidency, the government reportedly announced a ban on all political activities by his Cameroon National Salvation Front (CNSF) party in a sub-district of the Far North region – a part of the country where he is said to be an influential power-broker.

Weeks earlier, fellow presidential hopeful Maurice Kamto had his movements curtailed during a two-day police stakeout in Douala, after promising supporters at a rally in Paris that he would protect Biya and his family if he wins in October.

Parliamentary elections that were also supposed to take place earlier this year have been delayed until 2026.

Reaction to Tchiroma’s presidential bid has been mixed – some think he is canny.

“By positioning himself as the elder statesman who ‘saw the fire coming’, Tchiroma is hedging that his break with Biya will be seen as bold – not opportunistic,” Cameroonian analyst and broadcaster Jules Domshe said.

“From economic fallout to youth unemployment, insecurity, and growing unrest in the North-West, South-West, and Far North [regions], Cameroon is ripe for change.”

Opposition voices are divided – some want Tchiroma to support Kamto, who was the runner-up in 2018 with 14% of votes. But others say he is tainted by his long association with Biya.

“He cannot embody change… He was part of the system for too long. The youth do not trust him,” says Abdoulaye Harissou, a legal notary and prominent critic once detained by the government.

Another member of the opposition – Jean Michel Nintcheu of the APC coalition – simply said: “We don’t see Tchiroma as a potential winner.”

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