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EU partners Nigeria on investments, development

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EU partners Nigeria on investments, development

By Derrick Bangura

The European Union (EU) Commission on Tuesday, stated it would continue to work with Nigeria on business prospects, investments, and other development projects.

Ms. Margrethe Vestager, Executive Vice President of the European Union (EU), made the assurance during a visit to Mr. Adeniyi Adebayo, Minister of Industry, Trade and Investments, in Abuja.

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Vestager, who was in Nigeria for a five-day working visit, reaffirmed the EU’s commitment to expanding collaboration with Nigeria in agri-food, energy, and infrastructure.

“I have faith in agriculture because it has the ability to create access to trade routes that would otherwise be difficult,” Vestager added.

She stated that the EU was willing to undertake high-level conversations with Nigerian authorities in order to learn about specific goals that would benefit citizens.

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“We are willing to undertake high-level conversations with Nigerian officials to learn about specific areas of priority, particularly as they relate to the country’s industrialization.” We want to strengthen discussions in the next days that will lead to the signing of investment agreements with Nigeria that will enable industrialization.

“There is a lot of discussion in Europe about governments producing in regions where they believe they have friends or neighbors, and the consensus is that Nigeria qualifies because of its scope of investments and ease of doing business,” Vestager said.

The EU Vice President has entrusted Nigerian authorities with strengthening the country’s competition framework in order to encourage businesses to offer consumers the best deals on goods and services, while also ensuring efficiency, innovation, and lower pricing.

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During the discussion, Adebayo stated that his ministry’s primary focus is on the industrialization program, with the overarching goal of fostering job-intensive growth in the Nigerian economy through industrialization.

“Within our Backward Integration Program (BIP), there are potential for investments in these commodities to expand production for local consumption and exports,” he said.

With a view to positioning Nigeria as a supply chain partner to leading global economies, Adebayo said Nigeria was ready to participate effectively in the African Continental Free Trade Area (AfCFTA) – on the Rules of Origin, Technical Barriers to Trade Monitoring Capability, and Establishment of Trade remedy Mechanism.

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Nigeria’s growing mobile penetration rate, as well as a targeted legislative push to improve broadband penetration and financial inclusion, according to Adebayo, are combining to create the ideal conditions for a booming fintech sector and the acceptance of digital solutions to tackle everyday problems.

Ambassador Mariam Yelwaji Katagum, Minister of State for Industry, Trade and Investments, listed multiple taxations, high-interest rates, insufficient working capital, and stiff competition from larger companies as some of the challenges confronting small businesses, but said the federal government was dealing with the challenges through business reforms overseen by the Presidential Enabling.

Multilateral and private sector financing of Special Economic Zones through public-private partnerships and greenfield development, according to Katagum, were areas of collaboration.

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“Support for women-owned businesses is a significant area of collaboration. In this sense, I’d like to know what the EU is doing. Credit facilitation for Micro, Small, and Medium Enterprises (MSMEs) finance schemes, as well as market access for exports, are among the others.

“We will also require assistance in initiating dialogues and matching significant investors with investment possibilities, as well as assistance in delivering Best-Practice assessment and management/navigation of key business legislative reforms and Ease of Doing Business Reforms,” he stated.

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Headlines

NNPC Foundation Trains Over 3,000 Southwest Farmers in Climate-Smart Agriculture

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In a bid to promote food security and sustainable agricultural practices, the NNPC Foundation has successfully trained more than 3,000 farmers in the South-West geopolitical zone on climate-smart and modern farming techniques.

The training, which concluded on Friday in Ikorodu, Lagos, marked the end of the Southwest phase of the foundation’s pilot programme aimed at empowering local farmers and boosting agro-productivity.

Speaking at the closing ceremony, Managing Director of the NNPC Foundation, Mrs. Emmanuella Arukwe, described the initiative as a milestone in the lives of thousands of farmers.

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“Today marks the formal conclusion of the first phase of a national journey that speaks to resilience, food security, and economic empowerment,” Arukwe said.
“What began as a bold decision to support small holder farmers has translated into tangible action across three geopolitical zones (South-East, South-South, and South-West) in Southern Nigeria.”

She disclosed that a total of 3,860 vulnerable farmers across 10 locations in the three regions were trained in sustainable farming practices that improve productivity and market access.

“This achievement is not just a number, but a milestone in the lives of real people and real communities. We were able to strengthen farmers’ capacity to adapt to climate change,” she added.
“Through the training, we were able to improve access to markets, promote inclusive agriculture and especially gender representation. We also trained them on enhancing food production through sustainable techniques.”

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Arukwe noted that the programme would now move to the North-West, North-Central, and North-East zones as part of its next phase, saying the foundation is committed to supporting livelihoods nationwide.

“This is only Phase One. We will now turn our focus to the North-West, North-Central, and North-East zones. What we have achieved in the South will inform and strengthen our next steps,” she said.
“The NNPC Foundation will continue this mission, to support livelihoods, build resilience, and empower the hands that feed our families and beyond.
We have decided that most times you get a lot of requests from people asking us to give them palliatives and all kinds of things to help them.
But we think it is much better to teach people to fish than just give them fish so they can continue,” Arukwe explained.

Chairman of Ikorodu Local Government, Mr. Wasiu Adesina, while commending the initiative, urged the beneficiaries to apply the knowledge gained to boost productivity and profitability.

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“As we all know, agriculture is the bedrock of any nation. Without agriculture, there will not be a nation, because there will be no food to eat,” Adesina stated.
“It is the farmers that produce our food, and it is important that we train our farmers with new techniques in agriculture, and that is exactly what the NNPC Foundation is doing.

“To the farmers, you have to take advantage of this training and face the farming squarely. In some great countries like the United States and the United Kingdom, farmers are the most richest people in those countries.

“This is because they make a lot of money from farming. We need to inculcate that habit in Nigeria and develop ideas in farming. Even after my tenure, I am going back to farming, so, maybe I will ask the NNPC Foundation to train me so that I also join you to be a farmer.”

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He appealed to the foundation to provide further empowerment for the trained farmers to help them kickstart their agricultural ventures.

“If the farmers have land for farming, I believe the foundation will provide financial aid to keep their farms running,” Adesina added.

Also speaking at the event, the Lagos State Commissioner for Agriculture and Food Systems, Ms. Abisola Olusanya, represented by the Director of Fisheries, Mrs. Osunkoya Daisi, lauded the Foundation’s efforts in bolstering the state’s food security.

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“On behalf of the Lagos State Government, we would like to express our sincere appreciation to NNPC Foundation for training our farmers and for training all the farmers all over the country,” she said.
“Definitely, the training will help improve food production. We can see the impact of climate change effects in agriculture. I am sure farmers have been equipped with climate-smart agriculture techniques to improve production.”

The NNPC Foundation Ltd/Gte is the Corporate Social Responsibility (CSR) arm of the Nigerian National Petroleum Company (NNPC) Limited. It was incorporated in February 2023 to manage the company’s CSR initiatives and enhance Nigeria’s socio-economic development.

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Education

NUC grants ESUT full accreditation for Law, 7 other programmes

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The National Universities Commission, (NUC), has given full accreditation to the Enugu State University of Science and Technology (ESUT), for her Law programme.

According to the Public Relations Officer of ESUT, Mr Ikechukwu Ani, this is contained in a letter addressed to the institution’s Vice Chancellor, Prof. Aloysius Okolie, on Wednesday in Enugu by the NUC.

Ani said that in the letter, the Executive Secretary of NUC, Prof. Abdullahi Ribadu said the report was contained in the result of the October/November 2024 accreditation of academic programmes in Nigerian universities.

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Ani disclosed that other programmes in the institution accredited by the NUC include Master of Science in Business Management; Education Computer Science; Education Physics and Agricultural Engineering.

Other accredited programmes he said were Quantity Surveying; Urban and Regional Planning; and Applied Microbiology.

He said that the letter quoted Section 10 (1) of the Education National Minimum Standard and Establishment of Institutions, Act CAP E3, Laws of the Federation of Nigeria 2004 as empowering the NUC to lay down minimum academic standards for all academic programmes taught in Nigerian universities.

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He said the session also empowers the NUC to accredit such programmes.

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Crime

Court remands 2 over alleged attempted murder

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Court discharges man accused of burning father’s house in Abuja

An Ikeja Magistrates’ Court, Lagos, on Wednesday, remanded two persons, Olaitan Fasasi and Kehinde Tobiloba in a correctional facility over alleged attempted murder.

Fasasi, 40, and Tobiloba, 26, whose addresses were not provided, are being charged with conspiracy, attempted murder and membership of a secret society.

The Magistrate, Mr L.A Owolabi, did not take the plea of the defendants for want of jurisdiction.

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Owolabi directed the police to forward the case file to the Director of Public Prosecution for legal advice.

He thereafter adjourned the case until May 31 for mention.

The Prosecutor, Josephine Ikhayere, told the court that the defendants committed the offences at about 5.02p.m on Feb. 15, at Mushin, Lagos.

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She said that Fasasi, Tobiloba and others now at large, attempted to commit murder by shooting at a resident, Alfred Ademola.

“They armed themselves with a locally made gun. They belong to Eiye Confraternity, a group proscribed by law,”, she said.

Ikhayere said that the offences contravened Sections 230(1) and 411 of the Criminal Law of Lagos State, 2012.

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He said that the actions of the defendants also contravened Section 2(3)(a)(b)(c)(d) of the unlawful societies and Cultism Law of Lagos State Law.

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