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FG Reviews Bilateral Investment Treaties, NIPC Act

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The Federal Government has set up a nine- member committee to review Bilateral Investment Treaties (BITs)and the Nigerian Investment Promotion Commission (NIPC) ACT.

This is contained in a statement issued by Mr Kamarudeen Ogundele, Special Assistant to the President on Communication & Publicity, office of the Minister of Justice in Abuja.

Inaugurating the committee, the Minister of Justice, Lateef Fagbemi (SAN), said the move was part of efforts to advance law reforms, provide clarity and certainty in our corpus juris, foster a conducive environment for foreign investments, and safeguard our national interests.

He said BITs play a pivotal role in attracting foreign direct investment (FDI), and that they are the cornerstone of the nation’s trade and economic diplomacy.

“The Role of BITs in forging partnerships and securing prosperity cannot be over emphasized. They provide a framework of legal protection for investors and their investments, promoting confidence and stability.

“However, the global economic landscape has evolved significantly over the years, and it is imperative that we reassess our BITs to ensure they remain relevant and effective’’.

He said the primary objective of the committee to review the BITs is to harness previous efforts to conduct a comprehensive review and reform of existing BITs, identify areas where they may be outdated or require modification, re-negotiation or outright termination.

He added that the exercise is expected to build upon the advancements attained in the 2016 Nigeria – Morocco BIT, which is regarded as a new generation model BIT that ushered in a new bilateral investment regime.

“The review will enable Nigeria to modernize our BITs and align them with contemporary international standards and best practices.

“It will also enhance investor protection to ensure that foreign investors enjoy adequate legal protection, while upholding the principles of fairness and reciprocity.

“The review will equally safeguard our national interests to strike a balance between attracting foreign direct investment and protecting our domestic industries and natural resources.

“It will ensure fair and equitable treatment of foreign and national investors, and achieve a balanced and equitable approach to negotiating future BITs.

“The review will promote sustainable development, ensuring that FDI contributes to our nation’s economic growth and development agenda in a sustainable and responsible manner.

“It will as well enable technology transfer and local capacity building, as well as incorporate provisions that safeguard our environment, labour standards, and human rights”.

The committee, which has a timeline of four months, is chaired by Mrs Funke Adekoya, SAN.

Other members are Prof. Fidelis Oditah, SAN, Prof. Emilia Onyema,  Babatunde Fagbohunlu SAN, Mr Oba Nsugbe, SAN; Mr Tolu Obamuroh, Mr Momoh Kadiri, representative of Federal Ministry of Industry, Trade and Investment, and Ms. Aisha Rimi, Executive Secretary/CEO of NIPC. (NAN)

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Buni Approves Employment of 424 Health Workers

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Gov. Mai Mala Buni of Yobe, has approved the employment of 424 health professionals to bolster medical facilities across the state.

Alhaji Mamman Mohammed, Buni’s Director-General Press and Media Affairs, disclosed this in a statement issued to newsmen in Damaturu on Tuesday.

He said 205 of the employed workers were Nurses and Midwives, who graduated from the state-owned Shehu Sule College of Nursing and Midwifery, Damaturu.

“Similarly, the governor has approved the employment of 219 Health Technicians with specialty in different fields to meet the professional requirements of the state’s hospitals.

“The newly employed health workers are to be deployed to both rural and urban areas towards providing efficient health services to people across the state,” Mohammed said.

The governor’s aide noted that the employment was in line with Buni-administration’s policy of providing accessible and affordable healthcare services to the people.

He charged the new workers to be loyal, disciplined and dedicated to their duty to justify government’s investment as well as confidence reposed in them.

Mohammed said the governor assured that healthcare service delivery would continue to be on the priority list of his administration.

“Buni noted that government would continue to provide hospitals with required facilities, medical consumables, and qualified staff for continuous improvement of healthcare delivery in the state,” he assured. (NAN)

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Xmas: Diocese of Yola Donates Gifts to Inmates 

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The Roman Catholic Diocese of Yola, Bishop Stephen Mamza,  on Tuesday donated some gifts to inmates at Yolde-Pate Correctional Centre in Yola-South.

Speaking at the Correctional Centre, Mamza said that the donation which was made in the spirit of love would make the inmates feel the impact of Christmas being a period of joy, happiness and peace.

“We are here to rejoice with the inmates, tomorrow will be the Christmas for all of us Christians and humanity for the whole world, the time we commemorate and celebrate the birth of our Lord Jesus Christ.

“It is a period of joy, happiness and peace because Christ have dropped peace and joy into the world for us.

“To make the inmates feel the impact of Christmas, we have decided to bring some Christmas gifts that you needed in order to live a little comfortable in the centre,” the diocese said.

Mamza, therefore, called on the inmates to take advantage of being in the centre to change positively and contribute to the development of their communities after their jail term.

He also assured them that the ongoing construction of the Chapel in the centre that he had started would be completed and put to use soonest.

In his remarks, ACC Williams Cham, the Control in charge of the Centre, expressed their appreciation to the diocese for supporting the well-being of the inmates under their custody and assured him of judicious distribution of the items to them.

The donated items includes 672 bathroom slippers, 180 pieces of Izal disinfectants, 1,080 bottles of vaseline Jelly, 720 pieces of soaps, a carton of medicines and 40 medium size mats, among others. (NAN)

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Archbishop Martins Tasks FG on Economy

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The Catholic Archbishop of Lagos, Most. Rev. Alfred Adewale Martins, on Tuesday urged the  Federal Government  to do more to alleviate the suffering of Nigerians.

Martins said that the government should introduce and implement more favourable policies to reduce economic hardship.

The cleric made this known in his  Christmas message to  Nigerians.

The message was signed by the  Director of Social Communications of the archdiocese,  Rev.

Fr. Anthony Godonu.

Martins said that there was the need  for a more conducive  environment for businesses to thrive as a strategy to reduce unemployment and  poverty.

“This is more urgent than ever,” he said.

He emphasised the need for leaders to prioritise the welfare of  the masses above private and parochial interests particularly in addressing hunger, unemployment and insecurity.

The cleric expressed sadness at the death of Nigerians,  including children,   due to stampede in Ibadan, Abuja and Anambra State, in their quest to access food palliatives.

He urged the Federal Government to come up with more short-term measures to cushion the effects of policies  deemed to have positive results on the long-term, such as fuel subsidy removal.

“In addition, it is necessary to pay more attention to the agricultural sector so that food security can be ensured.

“This special season reminds us of the profound love of God, who sent His only Son to redeem humanity.

“May the light of Christ illuminate our lives, dispel darkness and fill our hearts with love, compassion and kindness.

“As we gather with family and friends, let us not forget those who are less fortunate, the vulnerable and the marginalised.

“May our celebration be a catalyst for acts of charity, generosity, and solidarity,” he said (NAN)

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