NEWS
China, Nigeria Trade Value Hit N7.4trn as at June– V-P Shettima

Vice-President Kashim Shettima says Nigeria-China trade value has hit N7.
38 trillion as at June.Shettima said this at the China-Africa Interbank Association Forum (CAIBA) 2024 in Abuja on Wednesday organised by First Bank Plc.
The vice-president, represented by Dr Aliyu Modibbo, the Special Adviser to the President, General Duty, said that China remained the country’s number one trading partner.
According to him, this underscores the importance of deepening our bilateral relationship with China, especially within the realm of financial and banking systems.
”Nigeria remains committed to its alliances with those who have our best interests at heart and are willing to support our growth and development in a transparent and systematic manner.
”I am especially delighted that our financial institutions are at the forefront of this intervention for development.
”I would like to commend First Bank of Nigeria Limited for leading the charge in fostering stronger banking and financial collaborations between African banks and the China Development Bank.
”The promise shown by all stakeholders is highly encouraging, and we are determined to ensure that this collaboration continues to thrive,” he said.
Mr Olusegun Alebiosu, the Chief Executive Officer (CEO) of First Bank Plc, said the CAIBA journey began in Sept. 2018 when the China Development Bank and 15 African Banks entered into a strategic partnership to deepen the China-Africa cooperation.
Alebiosu said that CAIBA platform was one that emerged in recognition of the growing trade, investments and developmental ties between China and the African Continent.
The CEO said the theme of this year’s forum: ‘Joining Hands to Advance Modernisation and Strengthening China-Africa Trade, Industrialisation and Economic Diversification’, underscored the need for stronger partnership between Africa and China.
He said the partnership would help to drive further improvements in trade and the overall socio-economic transformation of the two regions.
”I urge all participants, especially members of CAIBA to rededicate ourselves to the ideals and goals that the association seeks to achieve.
”This can be done by exploring innovative ways to reduce and eliminate existing barriers to the flow of trade and investments between Africa and China.
”At First Bank, we are also poised to double-down on our coverage of the Chinese market through expansion of our business presence beyond Beijing to other important commercial centres in China, including Guangdong and Shanghai,” he said.
Mr Wang Weidong, the Vice-President of China Development Bank (CDB), said the bank would continue to utilise a special loan from African Small and Medium Enterprises (SMEs).
The aim according to him, is to enhance knowledge sharing and technology transport to promote Africa’s industrialisation and economic diversification.
Weidong said the bank would use various ways, including significant loans, on-demand equity investments, and tripartite cooperation to support Africa’s industrialisation.
Mr Joseph Tegbe, the Director-General of the Nigeria-China Strategic Partnership said that economic diversification was key to development.
Tegbe said that African countries should prioritise the processing of their raw materials to sustainable development.
Dr Adetona Adedeji, the Director, Bank Supervision, Central Bank of Nigeria (CBN), said the Bank would support the banks in making the collaboration between Africa-China to work better.
The forum attracted bank executives from across Africa. (NAN)
NEWS
Enugu Governor Orders Relocation of Spare Parts Markets

Gov. Peter Mbah of Enugu State has signed an executive order to relocate all motor spare parts markets in Enugu to the newly constructed International Motor Spare Parts Market at Nsude.
Report says that Nsude is in Udi Local Government Area of Enugu State.
Signing the order on Friday at Government House, Enugu, Mbah said motor spare parts dealers would move from their current locations to the international market.
He assured that the government had considered all necessary safety measures for the new market.
The governor stated that construction was ongoing, with efforts focused on opening roads and installing essential facilities.
“Our hope is that, in the next few months, significant progress will be visible.
This is an international market offering comprehensive services.“There will be a clinic, fire service, and a truck park. Challenges in the existing market will be resolved in the new location.
“We are also ensuring that dealers live close to the market, with residential areas nearby.
“It is an ideal neighbourhood concept where traders can live comfortably while staying near their businesses,” he said.
Speaking to journalists, Dr Sam Ogbu-Nwobodo, Managing Director of Enugu State Investment Development Authority, said the new site provides more space for dealers.
Ogbu-Nwobodo noted that the new market is a well-planned commercial hub with modern facilities, security, recycling systems, and opportunities for dealers to own shops.
He explained that many traders previously struggled because their apprentices had nowhere to establish businesses after training.
“The location is strategic, as travellers heading to the Middle Belt, South-South, Onitsha, and Nnewi must pass through the market.
“This move will boost the state’s economy, and the shops will be both available and affordable,” he said.
Earlier, Mr Mike Nomeh, President of the Enugu Market Spare Parts Dealers Association, told journalists the association welcomed the relocation to Obofia Nsude.
Nomeh thanked the governor for fulfilling his campaign promise, adding that the dealers had agreed to relocate.
“In our general meeting, we resolved to move, so there is no dispute.
“Apart from Coal Camp, our members operate in Abakpa, Emene, Eke Obinagu, Gariki, Presidential Road, Old Artisan, and other locations in Enugu.
“Since 1999, many promises were made to relocate us, but none were fulfilled until Mbah came,” he said. (NAN)
NEWS
Discoveries in Drug Markets Can Ruin a Nation – NAFDAC

The National Agency for Food and Drug Administration and Control (NAFDAC) says its discoveries at the three open drug markets could destroy the lives of millions of Nigerians.
Its Director-General, Prof. Mojisola Adeyeye disclosed this during a news conference in Lagos on Friday.
Report says that NAFDAC on Feb.
10, started enforcement operations at the Idumota Open Drug Market, Ariaria Drug Market in Aba and Bridge Market in Onitsha.Adeyeye said that 100 40-feet truckloads of fake, banned, unregistered drugs and narcotics were evacuated from the markets.
According to her, the enforcement operations at the markets, which serve as distribution hubs of over 80 per cent of medications, will rid the country of falsified and unregistered drugs.
Adeyeye said, “What we found during our enforcement operations in Idumota, Aba and Onitsha open drug markets can ruin a nation and reduce the quality of life of Nigerians.
“If a patient with diabetes or hypertension takes some of the drugs we evacuated, such a person or people can die easily with what we found.
“In Onitsha and Aba, we evacuated close to 80 40-feet truckloads of drugs from the markets and various warehouses where drugs were stored without windows.
“We discovered 12 truckloads of tramadol and four truckloads of codeine syrups that were banned for treatment some years ago in the plumbing line, fashion line and wood section in the market.
“We have already destroyed 27 40-feet truckloads of drugs we evacuated from Idumota market.”
She said the agency would not relent in its efforts to checkmate activities at the markets till they relocate to a coordinated wholesale centre.
Adeyeye said the enforcement operations at Idumota and Aba markets concluded on Feb. 28, while the exercise ended on March 5 in Onitsha. (NAN)
NEWS
Tinubu Vows to Build Resilient Nation

President Bola Tinubu says he understands fully, what Nigerians are going through but that the present economic reform is necessary to build a resilient country and guarantee the future of children.
President Tinubu said this when he received organisers of the Catholic Bishop’s Conference of Nigeria (CBCN) at the Presidential Villa, Abuja on Friday.
“Yes, removing the fuel subsidy was hard, tough for me, but it’s a hard choice that Nigeria must face.
We are not going to bankrupt our country.“We were spending the investment of the future of our children yet unborn; we were spending their rights, and poverty has no religious basis.
“There’s no religious colouration, no identity.
It affects all, and we must fight it together,” the President emphasised.On the request to return mission schools that governments had taken over, Tinubu said schools were subnational entities, not owned by the Federal Government.
“I’ve been a good example as the governor of Lagos State. I returned all the mission schools,” he said.
The President commended the Catholic body’s commitment to education and healthcare.
He added that he set up NELFUND to ensure that no student dropped out of school due to lack of funds for tuition fees, and promised to look at ways to help students of private institutions that NELFUND did not cover.
Tinubu noted that the security agencies were already curtailing the nation’s insecurity, stressing that adherents of all religions felt the impact of the efforts.
He highlighted the competition among operators in the petroleum sector, the bountiful harvest enjoyed by farmers, and the lower prices of commodities, adding that investments were flowing into the country.
“There is hope; people are coming in to invest. They are saying good things about Nigeria. I am very proud of that.
Most Reverend Lucius Iwejuru Ugorji, the Archbishop of Owerri and the CBCN President, who led the delegation of 20 Bishops from across the country, said they were at the State House to congratulate President Tinubu on his victory at the polls.
“Your government’s policy mantra is anchored on the principles of Renewed Hope.
“In this regard, we are pleased to inform you that the Holy Father, Pope Francis, has declared this year as the year of hope, the Jubilee Year of Hope, a theme we adopted for our conference.
“We came with the final fruits of our deliberations and will share them with you,” said Ugorji.
He stated that the removal of fuel subsidies had undoubtedly affected the people and commended the tax reform initiative, which he believes will will “generate, in the long run, more resources for advancing the common good.”
He acknowledged the efforts of security agencies to curtail insecurity in the land.
He called more concerted efforts to “rekindle hope and inspire confidence in the hearts of our people.”
The bishops called for a well-defined vision of religion as a force for moral integrity and patriotic unity without necessarily impinging on individuals’ fundamental rights.
According to them, efforts should be made to ensure that religious practice in Nigeria fosters unity rather than division.
On religious pilgrimages, the body said that government should hands-off sponsorship to curtail waste and corruption.
“The government should allow religious groups to take full responsibility for organising pilgrimages.
“In their current structure, the national and state pilgrims’ boards serve neither their adherents nor the broader interest of the nation.
“You’re undoubtedly aware of the instances of corruption that have led to the removal of some board executives to ensure greater efficiency and accountability.
“We would propose that public funds be redirected towards pressing national needs,” the CBCN President said.
Alhaji Mohammed Idris, the Minister of Information and National Orientation, who was also at the event, recalled his attendance at the Charismatic Bishop Conference in 2024.
He emphasised the need for the nation to remain together, to be united, to be focused, and to maintain support for the government, even in the face of temporary hardship.
Mohammed said security had greatly improved in the nation.
“In 2023, I know how difficult it was to move from Abuja to Kaduna; it is almost impossible just to take your car, fuel it, and begin to go on that road.
“Today, this is not the case. We know that farmers used to find it extremely difficult to go to the farms.
“We know that this has not completely gone away, but it is a reality that today, no one asks questions to move from Abuja to Kaduna or any part of the North.”
He said the national value charter that the President championed in his 2025 New Year message would soon be launched to ensure that Nigerians came together to reclaim lost values.
According to him, the National Orientation Agency is working to ensure that both religions teach the Bible and the Quran in schools and the return of civic education.
Malam Nuhu Ribadu, the National Security Adviser, also attended the event. (NAN)