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Shettima inaugurates PEBEC, seeks conducive business environment
Shettima inaugurates PEBEC, seeks conducive business environment
Vice-President Kashim Shettima on Thursday inaugurated the 3rd Cohort of the Presidential Enabling Business Environment Council (PEBEC).
In his remark at the council’s inaugural meeting held at the Presidential Villa, Abuja, Shettima urged its members to be 100 per cent committed to promoting a conducive business environment in the country.
He also implored the members of the council to align themselves effortlessly with the 8-point Renewed Hope Agenda of President Bola Tinubu’s administration.
This, according to him, will directly reflect the strong political will behind the transformative initiatives of the Tinubu-led government.
Shettima said, “Aligning seamlessly with the vision of His Excellency, President Bola Tinubu and the 8-point Renewed Hope agenda of this administration.
“Our commitment to fostering a conducive business environment is a direct reflection of the strong political will driving the transformative initiatives of this government.
“Today, we stand on a robust foundation, and we recognise that achieving PEBEC’s mandate directly contributes to the success of our shared economic prosperity as a nation.
“Undoubtedly, reforms are formidable undertakings, particularly in our region. However, history has proven that they are achievable, and we draw inspiration from past successes.
“As a council, our dedication to these reforms must be unwavering, and each member must take ownership of this mission with 100 per cent commitment.”
Read Also: Kaduna stakeholders call for increased investment in sustainable environment
Similarly, Shettima urged the members of the council to be diligent for the overall success of the Tinubu administration.
He added that teamwork and shared commitment were the right attitudes required to actualise the transformative impact that PEBEC could bring to Nigeria’s business environment.
The vice president said, “Today, as we confront these difficulties head-on, our goal is not merely to weather the storm but to create more winners, enterprises that not only withstand challenges but thrive and contribute substantially to our economic vitality.”
Shettima explained that the PEBEC was an enabler for the Ministries Departments and Agencies (MDAs) in government.
He said, “Our role, therefore, calls for a unified and collaborative effort across the council and MDAs.
“Reforms require a collective commitment, and success will be a shared triumph, resonating not only within our council but throughout the nation.”
Shettima recalled that emerging markets, particularly in Africa, were slowed down in the face of global economic challenges occasioned by the disruptions of the COVID-19 pandemic.
“Heightened geopolitical tensions in the West African Sahel, coupled with concerns about national debt sustainability, contributed to a slowdown in Sub-Saharan Africa’s economic growth to 3.6 per cent in 2022.
“Nigeria, as the largest economy in Africa, experienced a significant economic slowdown over the past decade.
“For instance, by the end of the last decade, Africa’s GDP was $400 billion less than what experts predicted it to be.
“Nigeria alone accounted for $140 billion (or 37 per cent ) of this unrealised GDP gain,” he added.
Shettima, however, expressed optimism that Nigeria has remained steadfast in navigating the challenges through its commitment to economic revival and growth at both the national and continental levels.
(NAN)
Shettima inaugurates PEBEC, seeks conducive business environment
Headlines
FRSC warns truck drivers against speeding, reckless driving
Mr Joshua Ibitomi, the Area Commander of Federal Road Safety Corps (FRSC),
Ibeju-Lekki, Epe Division, Lagos State, has warned truck drivers against speeding and reckless driving.
He gave the warning in an interview with the News Agency of Nigeria (NAN) in Ibeju-Lekki on Tuesday.
The FRSC official, who blamed speeding on the ghastly vehicle accident that occurred at Aiyetoro market in Epe
which claimed several lives and left some injured, said that with careful driving, such accident could be avoided.
He added that “the accident was as a result of speeding, reckless driving and loading of truck beyond its capacity.
“All these are factors responsible for accident when drivers are not conscious of the driving rules.
“Vehicle can develop technical fault at any time, therefore, speed limit and caution need to be applied while driving.”
He said FRSC had been sensitising drivers on the need to install speed limit device and be road conscious while driving, in line with the mandate to instill decent use of road.
Ibitomi also advised passers-by and the public to be safety conscious while walking on roadsides to avoid falling victim of accidents.
He attributed major road crashes on roads to speed limit violation, urging drivers to respect the sanctity of human life by obeying traffic rules.
He added that the FRSC had evolved measures to ensure accident-free yuletide and new year festivities in 2024
Headlines
Trump Victory Sparks Celebration in Florida, Disappointment for Harris Supporters
Jubilant supporters celebrated Donald Trump’s apparent victory in Florida early Wednesday as he claimed a return to the White House, despite most major news networks holding off on officially calling the race.
At an event in Palm Beach, Trump supporters reveled in the win projected by Fox News, cheering as the former president declared a “political victory that our country has never seen before.”
“I feel extraordinary,” said 68-year-old supporter Ted Sarvanis, dancing with arms in the air. “This is the greatest American political story in the history of the country.”
Joined by running mate J.D. Vance, Trump took the stage, celebrating his projected win. The atmosphere at the convention center was electric, with supporters sporting “Make America Great Again” caps and mingling in formal attire and Trump-themed clothing.
“I feel relieved. I was a little bit scared because you never know how things are going to turn out,” said Stacy Kurtz, 45.
In contrast, a far different scene unfolded for Vice President Kamala Harris’s supporters at Howard University in Washington, where they were hoping for a Democratic win.
As the night wore on and Trump gained electoral votes in key battleground states, disappointment swept through the crowd.
“I am scared, I am anxious now,” said Charlyn Anderson earlier in the evening.
Democratic watch parties in places like Atlanta and Pennsylvania grew somber as results rolled in, with Lynn Johnson, 65, expressing concern, “It’s going to be dangerous if he wins. I don’t feel safe.”
While Trump’s supporters celebrated a comeback, the mood among Democrats was marked by worry and disbelief.
“He’s a terrible candidate, so it just doesn’t make sense,” said Harris supporter Ken Brown.
The contrasting scenes highlighted the nation’s deep political divide on election night.
Headlines
Tinubu Congratulates Trump on Historic Re-Election, Eyes Stronger U.S.-Nigeria Ties
President Bola Tinubu has extended warm congratulations to President Donald Trump on his re-election as the 47th President of the United States, expressing optimism for stronger ties between Nigeria and the U.S. in an era of global challenges.
The congratulatory message, issued by Tinubu’s Special Adviser on Information & Strategy, Bayo Onanuga, emphasises the Nigerian leader’s hopes for a renewed partnership between the two nations.
Following his victory on Wednesday, Trump pledged to “heal” the country, marking a stunning political comeback as he edged past Kamala Harris in a closely contested election.
Tinubu, in his message, affirmed, “Together, we can foster economic cooperation, promote peace, and address global challenges that affect our citizens.”
Tinubu highlighted that Trump’s return to the White House reflects the trust and confidence of the American people in his leadership, praising their commitment to democracy.
Given Trump’s experience from 2017 to 2021 as the 45th President, Tinubu foresees a new era of “earnest, beneficial, and reciprocal economic and development partnerships between Africa and the United States.”
The Nigerian President also expressed confidence that Trump’s leadership will contribute to peace and prosperity worldwide, acknowledging America’s significant influence on global affairs.
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