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Nigeria serving as an example in Local Content Policy for other African countries

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During a recent Media Engagement meeting held in Abuja, Nigerian Content Development & Monitoring Board (NCDMB) Executive Secretary, Engr. Simbi Wabote expressed his opposition towards the creation of multiple Local Content Boards.

According to him, “the NCDMB can modify its templates to suit other sectors. In our view, this is the prudent way to expand and entrench local Content regime in Nigeria.” The National Assembly plans to develop the extant Local Content Act 2010 to include other sectors of the economy for further domiciliation of contracts.

All signs now point to Nigeria strengthening its Local Content implementation and serving as an example in Local Content Policy for other African countries. Celebrating the successes of the Nigerian Oil and Gas Industry Content Development Act 9 years after its implementation, the industry now confronts new prospects of growth.

Nigeria – having just signed the African Continental Free Trade Agreement (AfCFTA) – is one of the latest African nations to join the entity of 54 African Union States that seek to reduce the economic barriers in pursuit of creating an Africa-wide customs union.

Engr. Wabote also perceives joining the entity as a source of benefits for local oil and gas service companies without threatening national sovereignty.

He said “if you take the population of Africa and the potential market and given the general level of development of countries, the sky is the limit for any manufacturer that makes the right investment, has the right quality and partnerships.”

A focus on shortening the contracting cycle, sectorial and market linkages and effective monitoring of local content delivery in the country has characterized Nigeria’s Local Content agenda in recent years.

Communicating the plan for further Nigerian Content development will be the priority at the 9th Practical Nigerian Content Forum. Engr. Simbi Wabote will join over 600 industry stakeholders at the four-day Practical Nigerian Content Forum on 2 – 5 December in Yenagoa, Bayelsa, Nigeria. The Forum is recognised as the leading platform to engage government and industry players from across the value chain to maximise business opportunities and increase Nigerian Content implementation. Convene with senior government representatives and the entire oil and gas value chain to discuss the keys to unlocking the industry’s potential through Nigerian Content at the 9th Practical Nigerian Content Forum.

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SWEGOP Hails Fagade’s Appointment as NIHOTOUR DG

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The South West Guild of Online Publishers (SWEGOP) has congratulated Dr. Abisoye Fagade on his recent appointment as the Director General of the Nigerian Institute of Hospitality and Tourism (NIHOTOUR).

Fagade, a distinguished professional in marketing communications, is the Chairman of Sodium Group and a philanthropist known for his commitment to community development. Over the years, his expertise and contributions have earned him accolades across various industries, particularly in marketing and communications.

In a congratulatory statement signed by the Guild’s Chairman, Mr. Olayinka Agboola, SWEGOP commended Fagade’s leadership qualities, describing him as a “charismatic and insightful leader” whose appointment heralds a new era for Nigeria’s tourism and hospitality sectors.

“We are confident in your capacity to inspire transformation and growth within the tourism sector,” the statement read.

“Your wealth of experience and dedication to service are assets we believe will bring about meaningful impact.”

SWEGOP also conveyed its best wishes to him offering prayers for divine guidance in his new role.

“We trust that your leadership will pave the way for substantial advancements, enriching both the sector and the nation at large,” the Guild added.

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Oyo Rep, Oseni Donates ₦50m to Sheikh Agbotomokekere Mosque Project

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The lawmaker representing Ibarapa East/Ido Federal Constituency of Oyo State, Engr. Aderemi Oseni, on Thursday, donated the sum of fifty million naira (₦50 million) toward the construction of the proposed Sheikh Agbotomokekere Mosque building project.

Oseni joined other dignitaries, religious leaders, and Muslim clerics to honour the Chief Imam of Ibadanland, Grand Imam of Oyo State, and Grand Patron of the League of Imams and Alfas of Yorubaland, Edo, and Delta States, His Eminence Sheikh AbdulGaniy Abubakre Agbotomokekere, during the annual Maolud Nabiyy celebration at the Ibadan Central Mosque, Oja Oba.

It was during the event that he announced the generous donation.

The Maolud Nabiyy celebration, organised by the Al-Imam Agbotomokekere Islamic Foundation, also featured the unveiling of the proposed mosque project and an award presentation ceremony.

Delivering an insightful lecture at the event, the Chief Imam of Ogbomosoland, Dr. Yunus Tolhat Ayilara, who served as the Guest Lecturer, highlighted the importance of perseverance in the face of challenges.

In a statement issued on Friday by his media aide, Idowu Ayodele, the lawmaker, who also chairs the House Committee on the Federal Roads Maintenance Agency (FERMA), reaffirmed his commitment to supporting initiatives that strengthen the spiritual and social development of his constituency and state.

He commended the Al-Imam Agbotomokekere Islamic Foundation for its dedication to fostering a sense of community through faith, education, and shared values.

According to him, the mosque project symbolises unity and the determination of the people.

Reflecting on the significance of the proposed Agbotomokekere Mosque, the APC chieftain described it as a beacon of unity and religious harmony.

“This mosque project reflects our shared values and our commitment to building a community grounded in faith, love, and unity. I am honoured to contribute to this vision and support the Agbotomokekere Foundation in its efforts to promote peace and spiritual growth,” Oseni stated.

 

 

 

 

 

 

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Customs Surpasses Revenue Target with N5.7 tn Collection

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Comp[t. General Bashir Adewale Adeniyi

 

The Nigeria Customs Service (NCS) has announced a record revenue collection of N5.7 trillion as of November 12, 2024, surpassing its yearly target by 10 percent.

This was disclosed by the Comptroller-General of Customs, Adewale Adeniyi, at the ongoing 2024 Comptroller-General of Customs Conference in Abuja.

Themed “Nigeria Customs Service: Engaging Traditional and New Partners with Purpose,” the conference showcased the Customs Service’s progress in modernizing its operations and fostering collaborative partnerships.

“Today, I stand before you to demonstrate how our commitments in 2023 have evolved into tangible achievements,” Adeniyi stated.

He attributed the revenue growth to a series of reforms, including the implementation of a one-stop solution for cargo alerts, a revamped ICT infrastructure, streamlined inspection procedures, and enhanced automation.

Adeniyi explained that these changes reflect the agency’s commitment to elevating operational transparency and efficiency.

“We pledged to re-align our free trade operations, elevate cargo integrity standards, and expand our scanning capacities,” he said.

“Above all, we promised to usher in a new era of customs operations—one built on transparency, efficiency, and genuine collaborations with our partners.”

As of Tuesday, November 12, Adeniyi confirmed that the NCS collected N5.07 trillion, achieving the anticipated 10 percent revenue surplus.

“This performance validates our partnership-driven approach to revenue collection and trade facilitation,” he added.

Adeniyi also highlighted recent strides in trade facilitation, revealing that six companies have been selected to benefit from the Authorised Economic Operators programme, which provides fast-tracked customs clearance and other trade facilitation benefits.

Similarly, the NCS has processed 21 requests under an advance ruling programme, designed to expedite customs decisions on import and export cargoes before they reach Nigerian ports.

The Comptroller-General expressed optimism about the NCS’s potential to drive further economic growth, citing the agency’s commitment to fostering partnerships and advancing innovative practices within the customs sector.

 

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