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Nigerian Government unveils investment opportunities at Expo 2020 Dubai-NIPC

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The Nigerian Investment Promotion Commission (NIPC) says it is working with relevant agencies under the coordination of the Ministry of Industry, Trade and Investment to organise Nigeria’s participation at the 2020 World Expo in Dubai.

The Acting Executive Secretary of NIPC, Mr Emeka Offor, told newsmen on Wednesday in Abuja, that the expo would attract countries, multilateral organisations and businesses to foster creativity, innovation and solutions to universal problems.

According to Offor, over 25 million visitors from 192 countries are expected to participate at the expo scheduled from Oct. 1 to March 31, 2022, with the theme “Connecting Minds, Creating the Future”.

Acknowledging the importance of the expo to showcase Nigeria’s trade and investment opportunities, Offor said that Nigeria would be hosting a trade and investment forum, as one of the side events at the expo.

“The forum would be held from Dec. 4 to Dec. 6, 2021, at the Dubai Exhibition Centre. There is a need to leverage the expo to showcase Nigeria’s a trade and investment opportunities.

“Nigeria is one of the countries participating in the Expo and several programmes and activities have been lined up, among which is the Nigerian Trade and Investment Forum.

“This is to take advantage of the massive gathering of people from around the world, to attract investment into several sectors of the Nigerian economy, particularly agriculture, oil and gas, power, transportation, technology and manufacturing among others,’’ Offor said.

Mr Emmanuel Adeshina, Director Investment Promotion, NIPC, said that the Nigerian Forum, themed “Unveiling Investment Opportunities in Nigeria”, was expected to present the positive image of Nigeria as an investor’s haven.

Adeshina added that the forum would also present investment opportunities in Nigeria to global investors for the purpose of getting them to invest in the country.

“It will also present an opportunity to global investors to share their experience about the Nigerian business environment, in a way that will lead to an improvement in the environment and also attract other investors.

“We further expect to give the government an opportunity to inform the global investors about the efforts being made and successes recorded in its efforts at improving the investment environment.

“Match make investment opportunities in Nigeria with global investors,’’ Adeshina said. (NAN)

 

Business

ACCI moves to promote business connections, balance work-life

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ACCI moves to promote business connections, balance work-life

The Abuja Chamber of Commerce and Industry (ACCI), is taking innovative steps to enhance professional relationships and promote a healthy work-life balance.

The President of ACCI, Dr Emeka Obegolu, said this in a statement on Tuesday in Abuja.

Obegolu said ACCI was committed to creating environments where professionals could connect beyond the confines of traditional boardrooms.

He said the upcoming “Business Meets Golf’’ Tournament epitomises this vision.

“Scheduled for Oct. 18 to Oct 19 at the IBB Golf Club, the tournament will gather industry leaders, top executives, and key decision-makers for a unique networking experience.

“This two-day event aims not only to strengthen business ties but also to foster partnerships that can drive economic growth.

“The ACCI’s initiative reistates the importance of maintaining a balance between professional achievement and personal well-being.

“By encouraging corporate cultures that prioritise relaxation and self-care, the Chamber acknowledges that such balance is vital for productivity and overall success,” he said.

According to Obegolu, the event will feature a range of activities designed to facilitate both business engagement and relaxation.

“Highlights include a Business-to-Business (B2B) cocktail on the first day, followed by the golf tournament and additional networking opportunities on the second day.

“The tournament will culminate in an awards ceremony recognising outstanding golfers among the participants.

“‘Business Meets Golf’ exemplifies our dedication to fostering innovative networking opportunities.

“We aim to create spaces for meaningful discussions that can lead to impactful collaborations,” Obegolu said.

The ACCI boss said in addition to promoting business connectivity, the council aimed to restate the importance of relaxation and a balanced lifestyle.

Obegolu said through events like this, the Chamber continued to play a pivotal role in supporting trade and industry in Nigeria while driving sustainable growth within the private sector.

He said to raise awareness about this landmark event, ACCI was partnering with the News Agency of Nigeria (NAN) and Media Trust Limited, to ensure broad visibility and engagement from leading brands.

The Abuja Chamber of Commerce and Industry (ACCI), is taking innovative steps to enhance professional relationships and promote a healthy work-life balance.

The President of ACCI, Dr Emeka Obegolu, said this in a statement on Tuesday in Abuja.

Obegolu said ACCI was committed to creating environments where professionals could connect beyond the confines of traditional boardrooms.

He said the upcoming “Business Meets Golf’’ Tournament epitomises this vision.

“Scheduled for Oct. 18 to Oct 19 at the IBB Golf Club, the tournament will gather industry leaders, top executives, and key decision-makers for a unique networking experience.

“This two-day event aims not only to strengthen business ties but also to foster partnerships that can drive economic growth.

“The ACCI’s initiative reistates the importance of maintaining a balance between professional achievement and personal well-being.

“By encouraging corporate cultures that prioritise relaxation and self-care, the Chamber acknowledges that such balance is vital for productivity and overall success,” he said.

According to Obegolu, the event will feature a range of activities designed to facilitate both business engagement and relaxation.

“Highlights include a Business-to-Business (B2B) cocktail on the first day, followed by the golf tournament and additional networking opportunities on the second day.

“The tournament will culminate in an awards ceremony recognising outstanding golfers among the participants.

“‘Business Meets Golf’ exemplifies our dedication to fostering innovative networking opportunities.

“We aim to create spaces for meaningful discussions that can lead to impactful collaborations,” Obegolu said.

The ACCI boss said in addition to promoting business connectivity, the council aimed to restate the importance of relaxation and a balanced lifestyle.

Obegolu said through events like this, the Chamber continued to play a pivotal role in supporting trade and industry in Nigeria while driving sustainable growth within the private sector.

He said to raise awareness about this landmark event, ACCI was partnering with the News Agency of Nigeria (NAN) and Media Trust Limited, to ensure broad visibility and engagement from leading brands.

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Nigeria Customs modernisation project to check extortion of traders

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The Trade Modernisation Project (TMP) of the Nigeria Customs Service (NCS), will check the extortion of traders by facilitating the comprehensive tracking of their goods from the beginning of the trade process until delivery.

This is through its Unified Customs Management System(UCMS), a software that would be deployed to monitor all stages of the transactions by traders.

The News Agency of Nigeria(NAN) reports that the TMP is the automation of the business processes of the NCS, to simplify and enhance the experience of stakeholders in the trade value chain.

It is also aimed at making it easy to obtain export and import clearances, and in paying duties and obtaining release of goods.

NAN further reports that the customs modernisation project, which has three phases, is a 20-year concession agreement.

It was signed on May 27, 2023, between the Federal Government of Nigeria, represented by the NCS Board, and The Trade Modernisation Project Ltd.

Chief Superintendent of Customs, Usman Abba, Head, Business Analyst for the project, told NAN in an interview on Thursday in Abuja that by using the software traders would be able to know when and where there were hitches in their transactions for redress.

Abba said the system would eliminate fraudulent intent and expose those who take advantage of clients who cannot properly track their goods with the current system to extort them.

“This is the platform where the trader has access and is able to track all the stages of transactions and know where the challenge or exactly the issue is until the goods are delivered,“ he said.

He said that the service had received numerous reports of agents attempting to extract additional funds from their clients, by falsely claiming that their goods had not been cleared by customs when the process had already been completed.

According to him, the software, which will soon be inaugurated, is designed to have information on all transactions, including payments and goods clearance, to enable the trader to act as required.

He added that other agencies were also being integrated into the system to examine goods according to their constitutional mandates

On the current stage of the development of the software, Abba said that all internal systems had been completed, and final touches were being done on stakeholder integration.

NAN reports that the TMP is targeting to generate more than 250 billion Dollars in revenue over the 20-year concession.

The project is aimed at bringing Nigeria to par with the rest of the world in the deployment of technology to facilitate international trade.

It would also assist the Federal Government in achieving economic diversification by facilitating easier cross-border trading.

(NAN)

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SMEDAN introduces business pitch competition to enhance financial literacy

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SMEDAN introduces business pitch competition to enhance financial literacy

SMEDAN introduces business pitch competition to enhance financial literacy

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has introduced a business pitch competition known as “SMEDAN Speed Pitch”.

The Director-General of SMEDAN, Charles Odii, in a statement, said the initiative was designed to enhance financial literacy and provide small businesses with opportunities to access funds for growth.

Odii said the participants would receive training and support to develop and clearly articulate unique business innovations, viability, and potential to unlock opportunities.

According to him, this will include private investments in the country and across the globe.

He said: “The first edition of the pitch competition will take place on May 1, at the Eko Convention Center in Lagos as part of the Nano Micro Small and Medium Enterprises (NMSME) Engagement Series.

“It will be hosted by Ms Jennifer Adighije, the Senior Special Assistant to the President on Entrepreneurship and Innovation/Digital Economy.

“This initiative is part of SMEDAN’s ‘GROW Nigerian’ strategy, which focuses on boosting local production.

“It does this by providing Small and Medium Enterprises (SMEs) with financial and non-financial resources, including markets, knowledge, mentorship, and tools, to grow sustainably and spread prosperity.’’

Odii said to participate in the first edition, businesses must be female-owned, registered, and in operation for at least three years.

He said: “Applications will open on April 24 and close on April 27.

“Shortlisted applicants will undergo a test to determine the top five performers who will get the chance to present their pitch at the main event in Lagos.

“The winner will receive a prize of one million naira for workforce support, procurement of work tools, and business expansion.

“ Runners-up will receive 300,000 and 200,000 respectively, along with free Business Development support.”

On how to apply, the Director-General urged applicants to upload a three-minute video pitch to social media.

Odii said: “Introduce yourself in the video and showcase your product/service and the problem it solves, and make a case for why you should be enlisted.

“Follow and Tag SMEDAN’s official pages (@smedaninfo, use the hashtag #SMEDANSpeedPitch), and remember that the application deadline is April 27.

“For pitch criteria, you must possess a clear vision and concept, understanding of the target audience, unique selling proposition (USP), short-term and long-term goals and utilisation of the prize (money).

“The judging criteria will include, clarity, market potential, innovation and differentiation and presentation skills.”

(NAN)

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