News
2023: Tinubu Promises Southeast Region Massive Development If Elected
He spoke at a TownHall meeting with leaders of the private sector and trade associations on Thursday in Owerri, Imo State capital.
All Progressives Congress Presidential Candidate, Asíwájú Bola Tinubu, has promised the people of Southeast massive economic development and forward looking government that will assuage the past difficulties of the region.
He spoke at a TownHall meeting with leaders of the private sector and trade associations on Thursday in Owerri, Imo State capital.
The APC standard bearer was responding to the remarks of Ebonyi State Governor David Umahi who said the Southeast had been neglected and abandoned since the end of the civil war, asking what Tinubu had in stock for them.
Before his response to Governor Umahi, the APC presidential candidate thanked Imo State Governor, Hope Uzodinma who is also the Southeast Coordinator of the Tinubu/Shettima Campaign for facilitating the town hall meeting.
Asiwaju Tinubu used his address to comprehensively address the issues raised by Ebonyi State Governor and other development challenges of the old Eastern region first by recalling his experience as a son brought up by a mother who was a trader and market leader.
On his plans for the Southeast after becoming Nigeria’s president from May 29, 2023, Tinubu said new industrial hubs would be created in Aba and Owerri, while already existing ones would be modernized.
He also spoke on making access to credit facilities available to the traders across the region and the country in general.
“My government shall build an economy with a growing industrial base, more and better jobs for our youth and more high-quality home-grown goods to sell and merchandise.
“We shall establish industrial hubs throughout the nation and modernize existing ones. We will encourage and facilitate greater production in places like Owerri and Aba. At the same time, we shall broaden opportunities for you to engage in more international commerce by steering more activity towards ports outside of Lagos such as Onne.
“I envision the Owerri-Port Harcourt and Aba-Port Harcourt corridors becoming more active and lucrative trade and manufacturing corridors than they already are.
“My administration will establish policies that widen your horizons and expand your business reach both in terms of the goods you sell and your geographic reach to new markets.
“Working with the state governments, the CBN and banking industry, we shall embark on a two-pronged credit revolution.
“First, on the sale and supply side, we shall seek to drive down interest rates on business loans, especially for investment in manufacturing as well as small and medium sized enterprises.
“Second, we seek to make consumer loans more available. This will allow more people to afford and buy more high-quality goods from you. By empowering the consumer, we increase economic activity and prosperity for the overall economy as well as for your individual businesses.
“We will put in place policies that will boost trade and commerce. We will solve the forex crisis and ensure that traders like you have easy access to a unified forex market.
“We shall seek to revive struggling industries in this region and throughout the nation.
“Working with governor Uzodimma, we shall continue to push to return Avutu Poultry to its status as a world class poultry farm. This will increase food and nutrition while creating jobs and giving us a chance to open new markets. Ada Palm can, once again, become a fulcrum of job creation and foreign currency earnings.”
Why South East Businessmen Donate N1billion To Support Tinubu – Gov Uzodimma
On infrastructure development, the APC presidential flagbearer said the Sam Mbakwe International Cargo Airport, Owerri would become fully operational to help large-scale movement of goods across the region while priority would also be placed on the completion of the Abakaliki-Benin section of the rail project, integrating the Southeast to the national rail system.
“Our national infrastructure plan shall pay great attention to roadways eaten by erosion and flooding. We shall give traders the sound roads they deserve in order to move goods for the benefit of the rest of the population.
“For those of you in the agricultural sector, commodity exchange boards and other measures will be established to better link local markets and farmers with the global economy while also assuring them minimum prices for their harvests.
“The idea is to boost farm incomes, thus giving farmers greater incentive to produce more.
“We can hold to little of these good economic things without adequate peace and security. Our response to terror, kidnapping and violent criminality includes increased manpower, better communications and mobility equipment and training,” Tinubu added.
The former Lagos State governor also didn’t fail to mention that he would work towards integrating all regions in the country to ensure Nigeria continues to remain in unity.
“For me the unity of this nation is sacrosanct, it is non-negotiable. However, I realize that many people have genuine and painful grievances in need of fair and durable resolution.
“My government will be comprised of people from every section of the country and ready to discuss legitimate grievances with those in search of a peaceful resolution.
“Our nation is still in its infancy compared to other nations. I am proud of how far this nation has come. I also understand the great strides still to be made if we are to build for ourselves a nation of democratic good governance, development, justice, and unity,” he said.
Business
inDrive Emerges Most Outstanding Brand in Urban Service
inDrive, a global mobility and urban services platform, has emerged the most outstanding brand in urban service in Nigeria at the maiden edition of Iconic Brands and Legends of Media and Marketing Communications Award held in Lagos on Tuesday, December 10, 2024.
inDrive was recognized and celebrated for its transparency, fairness, and affordability in intercity travel and logistics among ride-hailing platforms in Nigeria.
Speaking on the award, Timothy Oladimeji, Country Representative, Nigeria, inDrive, described it as a testament to the ride-hailing platform’s unique contribution and commitment to providing fair and accessible transportation options to its customers.
Oladimeji stated that the award highlights the company’s focus on safety, fairness, affordability, and satisfaction, thereby cementing its reputation as the go-to ride-hailing service in Nigeria.
He noted that the achievement underscores the company’s dedication to delivering the best ride-hailing and logistic experience for customers while continually pushing the envelope for innovation. He explained that the mobility platform remains a game-changer in the ride-hailing business in Nigeria as it empowers both drivers and passengers through its negotiation model.
“This recognition is a huge motivation that would help us expand our footprint and continue to provide exceptional services to all our customers. I can categorically say that the recognition validates the acceptability and rapid adoption of our platform by both drivers and passengers in Nigeria,” he said.
Speaking on the recognition and criteria, the lead convener of the award, Samuel Ajayi, said the award was truly deserving, given that the platform has provided unique, fair, and affordable services to all its users.
Ajayi emphasised the significance of acknowledging the brand’s achievements in Nigeria over the last few years adding that the company has shown exceptional performance by all parameters and standards.
“inDrive has really thrown its weight since joining other ride-hailing platforms in Nigeria. I am happy to say that inDrive has disrupted the Nigerian market with its unique offerings, which has endeared many users to the platform. From our findings, I can say that the brand remains the preferred platform given that it is the only one that provides safe, fair, efficient, and affordable transportation,” he said.
Since launching in Nigeria, inDrive has cemented its status as a market leader through its commitment to enhancing urban mobility and consistently delivering superior customer service.
News
Electricity: Nigeria set to add 150 megawatts by year-end – Adelabu
The Minister of Power, Adebayo Adelabu, has disclosed that the country is on track to add an additional 150 megawatts of electricity to its national grid before the end of the year, following the successful completion of the pilot phase of the Presidential Power Initiative (PPI).
He made the disclosure to State House Correspondents after a closed door meeting with President Bola Tinubu and President of the Federal Republic of Germany, Frank-Walter Steinmeier at the Presidential Villa, Abuja.
Giving insights into what transpired at the meeting, Adelabu, explained that the initiative, which is being implemented in collaboration with Siemens, aims to enhance Nigeria’s electricity supply through a series of strategic projects.
“We believe that before the end of the year, an additional 150 megawatts will be added upon completion of the entire pilot phase.”
Minister of Power outlined significant advancements in the country’s energy sector, emphasizing the crucial role of international collaboration, particularly with Germany.
“We have a bilateral relationship with the Republic of Germany that focuses on energy and electricity support,” the minister stated. “The name of the game now is about cooperation, collaboration, and partnership.” He highlighted the Siemens project as a flagship component of this relationship, aimed at implementing both Brownfield and Greenfield transmission substations under the PPI.
He noted that since signing the agreement in December 2023 during COP 28 in Dubai, Nigeria has made substantial progress. “We have completed the pilot phase of this project up to 80%,” he noted. This phase includes the importation and installation of 10 power transformers and 10 mobile substations, with eight already commissioned.
“The positive impact of this is that it has added nothing less than 750 megawatts to our transmission grid capacity,” he explained, attributing the current stability in electricity supply to this achievement.
He said the next phase will involve rehabilitating 14 existing substations and establishing 23 new ones across Nigeria.
“The entire grid is quite fragile and dilapidated,” he lamented. “We need to revamp it to ensure stability going forward.” He reiterated that these efforts are essential for transforming Nigeria’s energy landscape, aligning with President Bola Tinubu’s Renewed Hope Agenda.
In addition to addressing immediate power needs, Adelabu emphasised Nigeria’s commitment to renewable energy as part of its long-term strategy. “We have an energy transition plan to achieve net-zero emissions by 2060,” he said.
He pointed out that Germany’s expertise in renewable technologies aligns perfectly with Nigeria’s abundant natural resources. “Germany has technology; we have the sun and wind,” he added, highlighting that over 30 states in Nigeria enjoy a minimum of 10 hours of sunshine daily.
The minister also discussed plans for off-grid solutions, advocating for a distributed power model where each state would have its own generating plants. “This model will shield states from problems on the national grid and ensure rural electrification,” he explained.
Germany’s involvement extends beyond traditional energy sources; it includes significant investments in green energy projects.
The Minister of Power reaffirmed his commitment to advancing policies that enhance energy access and sustainability across the nation. “Together with our partners, we can build a robust energy infrastructure that supports economic growth and improves quality of life for all Nigerians,” he declared.
The German Consul General in Lagos, Weert Borner, recently announced that Germany has added 670 megawatts to Nigeria’s grid capacity in 2024 alone through their ongoing partnership. “This partnership is vital for improving electricity access for final consumers,” Borner remarked during an interview.
Additionally, Nigeria is set to benefit from Germany’s ambitious €4 billion investment in green energy projects across Africa by 2030.
DailySun
News
Sanwo-Olu reaffirms commitment to empowerment, poverty alleviation
Lagos State Governor, Babajide Sanwo-Olu, has reaffirmed his administration’s commitment to initiatives that foster inclusivity, economic empowerment, and poverty reduction.
He made this pledge during the 2024 Micro Enterprise Support Initiative (MESI) for vulnerable and indigent residents, organised by the Ministry of Women Affairs and Poverty Alleviation (WAPA) in Agidingbi, Ikeja, on Wednesday.
At the event, approximately 1,500 residents were provided with various empowerment tools, including sewing and stoning machines, pepper grinders, hairdryers, barbing kits, cake mixers, welding machines, tiles-cutting machines, and more.
Governor Sanwo-Olu emphasized that this initiative exemplifies his administration’s dedication to creating a Greater Lagos, where every resident has the opportunity to thrive and contribute to collective progress.
The governor explained that the MESI programme extends beyond offering financial aid to residents. He stressed that it focuses on building a foundation for self-reliance, driving economic growth, and unlocking the potential of women.
“It ensures that every woman, regardless of background or circumstance, has access to the tools and resources needed to transform her life, community, and Lagos State,” he stated.
Governor Sanwo-Olu further highlighted the importance of skill acquisition, capacity building, and financial empowerment, stating that the government is working towards a future where poverty is eradicated, and prosperity becomes a reality. He encouraged the programme’s beneficiaries to use the tools and resources wisely to grow their businesses, enhance their livelihoods, and inspire others in their communities.
“Remember, this programme is just the beginning. Your success will contribute to the larger success of Lagos State,” he added.
Also speaking at the event, the Commissioner for Women Affairs and Poverty Alleviation, Cecilia Bolaji-Dada, described the initiative as a beacon of hope for aspiring entrepreneurs in Lagos. She commended Governor Sanwo-Olu for his steadfast support of Lagos communities and for making the Micro Enterprise Support Initiative possible.
Bolaji-Dada detailed the variety of tools distributed, which were selected to meet the diverse needs of entrepreneurs. These included stoning machines, pepper grinders, sewing machines, hairdryers, barbing kits (including clippers, sterilizers, and generators), standing facial steamers, aluminum cutting machines, two-phase burners (with 30-inch cooking pots and 12.5kg cylinders), cake mixers, welding machines, agricultural items (fertilizers, knapsacks, and seeds), and cash grants.
“These tools are not just instruments of trade, but instruments of transformation, designed to help you grow your businesses and uplift your communities,” the commissioner said.
She urged beneficiaries to fully embrace the opportunities before them and work diligently toward realizing their entrepreneurial goals.
DailySun
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