Investment
Made-in-Aba Trade Fair triggers excitement among exhibitors

Exhibitors at the 8th edition of the Made-in-Aba Trade Fair, on Tuesday in Abuja, expressed excitement over the commencement of the annual fair designed to promote locally made products and skills among artisans.
The News Agency of Nigeria (NAN) reports that the fair is attended by over 90 exhibitors from Aba, is sponsored by the Senate Minority Leader, Sen. Enyinnaya Abaribe, in partnership with Small- and Medium- Enterprises Development Agency (SMEDAN).
Some of the exhibitors in separate interviews with NAN commended the Federal Government for encouraging locally-made products and Abaribe for promoting and supporting Small- and Medium-Enterprises (SMEs).
They, however, stressed the need for increased publicity, pointing out that it was critical in increasing awareness to attract patronage.
According to Mr Chinatu Nwagbara, Chief Executive Officer of Chinatu Company Limited, dealers on handmade footwear, increased awareness is vital in ensuring that the exhibitors return home fulfilled at the end of the trade fair on Friday.
Nwagbara further commended the organisers of the event for their choice of Old Parade Ground which he described as a conducive venue.
“This trade fair which started in 2013 through the support of Sen. Abaribe has given us the platform to showcase made-in-Aba products and has helped improve the standard of our products.
“Today our products can compete favourably with the imported ones and we are glad that it is receiving more recognition,’’ Nwagbara said.
While expressing high expectations from the trade fair, Nwagbara said that he hoped to record more sales this year and connect to more businesses.
“The trade fair is not only about the profit but it is focused on the creation of awareness for Aba products which are of high quality and artistically produced in Nigeria,’’ he added.
Mr Chima Nwogu, Director, Chimaustino Industrial company, a local company that produces bags, also commended Sen. Abaribe for sponsoring their journey to Abuja for the fair.
According to Nwogu, “I am happy that I can participate in this year’s trade fair which is organised to let the world know that Aba makes the best of products.
“Come and see for yourself superior products made by Nigerians,’’ he said.
He noted that some of the products made in Aba can outmatch foreign ones.
“That is why Aba is known as the Japan of Africa and the journey to achieving more has started with the trade fair,’’ Nwogu said.
Mrs Comfort Herbert, the owner of Commy Fashion and Design outfit, expressed pleasure being a first-timer to the event.
“I was quite sceptical about coming to Abuja as an exhibitor but after seeing all the plans and provisions on the ground, I am glad I did not miss out on this great opportunity to showcase my product and talent,’’ she said.
Meanwhile, Miss Ukamaka Enwereji, CEO of Uka Fascinators and caps, urged other lawmakers to emulate the concept and described the fair as a platform to promote local industries as well as create job opportunities for the youth.
“The fair draws attention to many capabilities in our society.
“Every exhibitor present is good at what he or she does and if properly equipped can lead to the creation of opportunities that will catapult our economy to the top,” she said.
Enwereji acknowledged the efforts of the organisers so far in catering for their essential needs and ensuring they were comfortable.
A customer, Mr Adegboyega Adediran, said that his visit to the fair was to patronise some of the locally-made products at affordable prices.
NAN recalls that Abaribe in a joint press conference with SMEDAN heralding the commencement of the trade fair, urged Nigerians to patronise locally-made goods, saying that it would have great impacts on local industries.
The lawmaker who represents Abia-South Senatorial District of Abia State said that the 8th edition of the Made-in Aba trade fair is from Nov. 8 to Nov. 13 in Abuja.
Abaribe, who is the facilitator of the trade fair, stressed that Made-in-Aba goods are receiving global acceptance due to improved qualities and the need to stimulate increased patronage. (NAN)
Africa
Customs hands over illicit drugs worth N117.59m to NDLEA

The Nigeria Customs Service (NCS), Ogun Area 1 Command, has handed over illicit drugs worth N117.59 million to the National Drug Law Enforcement Agency (NDLEA).
The Comptroller of the command, Mr James Ojo, disclosed this during the handing over of the drugs to Mr Olusegun Adeyeye, the Commander of NDLEA, Idiroko Special Area Command, in Abeokuta, Ogun, on Friday.
Ojo said the customs handed over the seized cannabis and tramadol tablets to the Idiroko Special Command for further investigation in line with the standard operating procedures and inter-agency collaboration.
He said the illicit drugs were seized in various strategic locations between January and November 21, 2024, in Ogun State.
He added that the illicit drugs were abandoned at various locations, including the Abeokuta axis, the Agbawo/Igankoto area of Yewa North Local Government Area, and Imeko Afton axis.
Ojo said that the seizure of the cannabis sativa and tramaling tablets, another brand of tramadol, was made possible through credible intelligence and strategic operations of the customs personnel.
“The successful interception of these dangerous substances would not have been possible without the robust collaboration and support from our intelligence units, local informants and sister agencies.
“These landmark operations are testament to the unwavering dedication of the NCS to safeguard the health and well-being of our citizens and uphold the rule of law,” he said.
He said the seizures comprised 403 sacks and 6,504 parcels, weighing 7,217.7 kg and 362 packs of tramaling tablets of 225mg each, with a total Duty Paid Value of N117,587,405,00.
He described the height of illicit drugs smuggling in the recent time as worrisome.
This, he said, underscores the severity of drug trafficking within the borders.
“Between Oct. 13 and Nov. 12 alone, operatives intercepted a total of 1,373 parcels of cannabis sativa, weighing 1,337kg and 362 packs of tramaling tablets of 225mg each,” he said.
Ojo said the seizures had disrupted the supply chain of illicit drugs, thereby mitigating the risks those substances posed to the youth, families and communities.
He lauded the synergy between its command, security agencies and other stakeholders that led to the remarkable achievements.
Ojo also commended the Comptroller General of NCS for creating an enabling environment for the command to achieve the success.
Responding, Adeyeye, applauded the customs for achieving the feat.
Adeyeye pledged to continue to collaborate with the customs to fight against illicit trade and drug trafficking in the state.
Africa
Ann-Kio Briggs Faults Tinubu for Scrapping Niger Delta Ministry

Prominent Niger Delta human rights activist and environmentalist, Ann-Kio Briggs, has criticised President Bola Tinubu’s decision to scrap the Ministry of Niger Delta, describing it as ill-advised and detrimental to the oil-rich region.
Briggs expressed her concerns during an appearance on Inside Sources with Laolu Akande, a socio-political programme aired on Channels Television.
“The Ministry of Niger Delta was created by the late (President Umaru) Yar’Adua. There was a reason for the creation. So, just removing it because the president was advised. I want to believe that he was advised because if he did it by himself, that would be terribly wrong,” she stated.
President Tinubu, in October, dissolved the Ministry of Niger Delta and replaced it with the Ministry of Regional Development, which is tasked with overseeing all regional development commissions, including the Niger Delta Development Commission (NDDC), North-West Development Commission, and North-East Development Commission.
Briggs questioned the rationale behind the restructuring, expressing concerns about its feasibility and implications. “But that’s not going to be the solution because who is going to fund the commissions? Is it the regions because it is called the Regional Development Ministry? Is it the states in the regions? What are the regions because we don’t work with regions right now; we are working with geopolitical zones,” she remarked.
She added, “Are we going back to regionalism? If we are, we have to discuss it. The president can’t decide on his own to restructure Nigeria. If we are restructuring Nigeria, the president alone can’t restructure Nigeria, he has to take my opinion and your opinion into consideration.”
Briggs also decried the longstanding neglect of the Niger Delta despite its significant contributions to Nigeria’s economy since 1958. “The Niger Delta has been developing Nigeria since 1958. We want to use our resources to develop our region; let regions use their resources to develop themselves,” she asserted.
Reflecting on the various bodies established to address the region’s development, Briggs lamented their failure to deliver meaningful progress. She highlighted the Niger Delta Basin Authority, the Oil Mineral Producing Areas Development Commission (OMPADEC), and the NDDC as examples of ineffective interventions.
“NDDC was created by Olusegun Obasanjo…There was OMPADEC before NDDC. OMPADEC was an agency. Before OMPADEC, there was the Basin Authority…These authorities were created to help us. Were we helped by those authorities? No, we were not,” she said.
Briggs further described the NDDC as an “ATM for failed politicians, disgruntled politicians, and politicians that have had their electoral wins taken away from them and given to somebody else.”
Her remarks underscore the deep-seated frustrations in the Niger Delta, where residents continue to advocate for greater control over their resources and improved governance.
Headlines
AfDB mobilises $31bn investment interest

The African Development Bank (AfDB), has drawn 31 billion dollars in investment interest from African and global investors.
In a statement issued by the Communication and External Relations unit of the AfDB, President of the bank, Dr Akinwumi Adesina said this at the 2022 Africa Investment Forum (AIF) Market Days.
The forum ended on Friday.
Adesina commended the forum’s outcomes and the partners’ commitment.
“Despite the challenges, we are not afraid, and neither have we despaired nor lost hope.
“We are excited and committed to a collective goal; accelerating the closure of deals to transform Africa and its investment landscape.”
He said the AIF’s focus was to attract more foreign direct investment to Africa, and ensure the private sector remained the driving force of that transformation.
“The private sector is Africa’s growth accelerator. We must mitigate real and perceived risks and persuade the private sector that investing in Africa is safe,” Adesina said.
Combined with 32.8 billion dollars from the rescheduled 2021 Africa Investment Forum Market Days, the forum has mobilised a total of 63.8 billion dollars of investment interest in 2022.
Islamic Development Bank (IsDB) President, Dr Mohammed Al-Jasser, said the organisation was hopeful that its commitment to the AIF would translate into tangible and measurable outcomes for the benefit of Africa.
Al-Jasser said the IsDB Group was commitment to support transformative African projects, especially those promoting resilience, financial, economic, and social sustainability.
Furthermore, Admassu Tadesse, Trade and Development Bank Group President and Chief Executive, spoke on the value of the “AIF spirit” in doing more to advance and close investments.
Tadesse said: “Notwithstanding ongoing global crises, we have to keep our eye on the ball. We must continue to encourage and enable investment in agriculture and industry, as well as infrastructure.
“Growing our own food and manufacturing more will enable us to trade more. It will lead to less overall greenhouse gas emissions linked to imports from far away.
“In the process also generating more employment and opportunities for our people.”
Also, European Investment Bank President, Werner Hoyer, said the bank was excited to see how the creativity and vision of African innovators were making an impact.
Hoyer said: “Particularly in the area of technology which holds such great potential for Africa’s future”.
Mohan Vivekanandan, Group Executive Origination and Coverage, Development Bank of Southern Africa, said a unique feature of the 2022 forum was that it focused on transactions.
“It’s about the project sponsors, the project developers and how we, as development financiers, help them get their vision implemented to improve the quality of life of Africans.
“And how we promote economic growth, job creation and industrialisation,” Vivekanandan said.
Africa Finance Corporation President and Chief Executive Offcer (CEO), Samaila Zubairu said: “The current global economic challenges indicate the critical need to build Africa’s self-sufficiency by investing in resilient infrastructure.
“Such critical investment is needed to drive Africa’s industrialisation and economic prosperity.”
Moreover, Africa50 CEO Alain Ebobisse said the AIF presented a timely platform to help scale up and speed up investments into Africa.
Ebobisse said attracting new pools of capital into infrastructure would be critical.
“More specifically, Africa’s institutional investors such as pension and sovereign wealth funds must play a critical role and will be the game changers for Africa’s infrastructure development,’ he said.
In addition, Afreximbank President, Benedict Oramah said the AIF reflected the interest and optimism of global investors towards the continent and its opportunities.
“We close, knowing that the AIF, Africa’s largest transactional investment marketplace, continues to be a huge success.
“Moreover, the event serves as a measure of international confidence in Africa’s economic and political development, and the unmatched investment opportunities this is creating,” Oramah said.
Also, the AIF Senior Director, Chinelo Anohu, on her part said, a lot of the successes recorded by the Africa Investment Forum were domiciled in the spirit of the partnership.
Anohu said it was up to the AIF to ensure the continent was “what it ought to be.”
The three-day event, which held in Abidjan, Côte d’Ivoire, attracted the participation of several African heads of states and government.
The event had as theme: “Building Economic Resilience through Sustainable Investments”.
The News Agency of Nigeria (NAN), reports that the AIF platform has mobilised more than over 100 billion dollars in investment interests since its inception in 2018.
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