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Border Closure: FG inaugurates NFAN executives to boost fish production

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Border Closure: FG inaugurates NFAN executives to boost fish production

…Deploys MIDAS technology to 5 airports***

The Federal Government on Tuesday, inaugurated the executive officers of the National Fish Association of Nigeria (NFAN), as part of efforts to reposition the fish sub-sector to meet increasing local demand.

Mr Edet Akpan, Permanent Secretary, Federal Ministry of Industry, Trade and Investment, inaugurated the officers in Abuja on Tuesday.

He said the inauguration was part of the Federal Government’s effort to encourage farmers and other stakeholders in its diversification programme.

The Permanent Secretary said the coming together of all stakeholders in the fish value chain would enable them work in synergy with a common interest to boost production.

He stated that the fact that they have put themselves together, they can now speak with a voice, they can plan their operations from all parts of the country.

“They are all together. With the target, the objective they are pursuing, I am sure the national production of fish will not only increase, the quality and export value will also increase.”

Akpan said the ministry had always being on ground to support commodity associations and would not deviate from the norm.

According to him, we give a lot of support like skills acquisition and training in various aspects of their operations.

“We also introduce them to different organisations like the Bank of Industry, and then SMEDAN is also helping them in many ways through education and organising them in such a way that they have become very formidable.”

The President of NFAN, Dr Gabriel Ogunsanya, said the inauguration had added impetus to the association’s mandate to not only feed Nigerians but work hard to meet the export demand of fish.

He noted that with over five million members across the country, the association was ready to storm the markets with different species of fish to meet both local and international demands.

Also read:  Border closure: Group says Cassava gaining more industrial relevance

He also noted that the association was already working to train stakeholders, particularly youths on the use of modern technology to boost fish production.

According to him, the effort will not only increase yield but boost employment opportunity, particularly for the teeming youths.

“We want to use fish industry to generate employment for the youth. I will be canvassing for advanced fishing policy for Nigeria. I saw what Denmark is doing with regard to using technology.

“If we can transfer all these knowledge to our youth, our youth will not have the problem of unemployment.

“We have trained over 6,000 youths. We applied to the Federal Ministry of Agriculture to send some experts to join our own experts to train them.”

On border closure, the president said it was a laudable development, saying the association was not resting on its oars in taking advantage of the closure to boost production.

He said, “we will introduce more species of fish and train our youths on how they can culture them. Formerly, we are culturing catfish.

“We want to go into other species, tilapia and other species of fish. This will generate more funds for us, and we will have enough for local consumption and export”, assuring that with the inauguration, the association was better positioned to fight illegal fishing on Nigerian waters.

Ogunsanya said, “we will not allow illegal fishing. Some countries come to our coast to steal our fish. We will do all within our powers, work with law enforcement agencies to avoid illegal fishing.”

A member of the Board of Trustees and former lawmaker, Sen. Maina Lawan, said he would not hesitate to share his wealth of experience in order to move the sub sector to the next level.

Lawan, also a former Borno State Governor, said there were several prospects in the fish subsector that would help improve revenue generation for the country.

He said, “I am a practising farmer. I am deeply into fish farming, aside that, I come from Naha, Borno State.

“There are lots of window for employment. There is a lot of window for people to engage themselves. The prospect of fish farming and the value chain that go with it has no limitations”.

In another development, the Nigerian Immigration Service (NIS) has deployed Migration Information Data Analysis System (MIDAS) to five international airports in the country to boost security.

The NIS Comptroller-General, Mr Muhammad Babandede made this disclosure at the inauguration and installation of MIDAS technology at Nnamdi Azikwe International Airport (NAIA) Abuja on Tuesday.

MIDAS is a Border Management Information System (BMIS), and it is an IT based solution designed to process and record both biometric details of passenger’s movement.

Babandede said that the technology was to boost border security, which was highly commendable, adding that it would change the way the service does its control at all levels.

“This is a revolution about how our borders would be managed. You may not know that before MIDAS, anyone could just go to the airport with passport, but with the help of MIDAS, we see the validity of the passport.

According to him, the possibility before MIDAS is that people may travel with passport that are genuine and visas that look alike but now, it is not possible because biometric data will match the biometric on the passport.

“MIDAS technology started since 2015. Denmark supported Nigeria through international organisation for migration.

“Investment had been on the land border but this was done for us to extend the facilities to the five international airports.

“Aminu Kano International Airport has been installed. Murtala Muhammed International airport, Lagos  is ongoing and now we have inaugurated the Nnamdi Azikiwe International  Airport, Abuja. The rest would be done in two weeks,” he said.

The C-G said that the system would be linked to all wanted persons globally with both the international and local ports.

“This is a revolution. It is not only for NIS. It is for all law enforcement agencies, so we will share with them online whatever information we get, they all also get.

“For instance, if you are able to cheat in an examination and someone is looking for you to prosecute you, we might be able to know.

“Or if you have cheated with your driver’s licence by killing someone on the street and we have your data, we will be able to know if it was you because your bio-metric may match and we will detect it was you who committed murder on the street, ” he said.

The Representative of Royal Kingdom of Denmark, Mr Nicolai Ruge said that it was necessary because the government believes that systems such as MIDAS were central everywhere in the world in order to be able to control the data of the passengers brought on board.

 

Economy

FAAC: FG, States, LGs Share N1.208trn Revenue For April

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FAAC: FG, States, LGs Share N1.208trn Revenue For April

The Federation Account Allocation Committee (FAAC), has shared the sum of N1.208 trillion as revenue for April among the Federal Government, states and Local Government Councils (LGCs).

The revenue was shared on Thursday at the May meeting of FAAC in Abuja.

A communiqué issued by the committee said that the N1.208 trillion total distributable revenue comprised statutory revenue of N284.716 billion, and Value Added Tax (VAT) revenue of N466.457 billion.

It also comprised Electronic Money Transfer Levy (EMTL) revenue of N18.024 billion, and Exchange Difference revenue of N438.884 billion.

The communique said the total revenue of N2.192 billion was available in April.

“Total deduction for cost of collection is N80.517 billion; total transfers, interventions and refunds is N903.479 billion.

The communique said the Gross statutory revenue of N1.233 billion was received for the month under review. This was higher than the sum of N1.017 billion received in March by N216.282 billion,” it said.

It said that the gross revenue available from VAT in April was N500.920 billion, which is lower than the N549.698 billion available in March by N48.778 billion.

The communiqué said that from the N1.208 trillion total distributable revenue, the Federal Government received N390.412 billion, the state governments received N403.403 billion and the LGCs received N293.816 billion.

“A total sum of N120.450 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue,” it said.

It said that on the N284.716 billion distributable statutory revenue, the Federal Government received N112.148 billion, the state governments received N56.883 billion and the LGCs received N43.855 billion.

It said that the sum of N71.830 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.

“The Federal Government received N69.969 billion, the state governments received N233.229 billion and the LGCs received N163.260 billion from the N466.457 billion distributable VAT revenue.

“A total sum of N2.704 billion was received by the Federal Government from the N18.024 billion EMTL, the state governments received N9.012 billion and the LGCs received N6.308 billion.

“The Federal Government received N205.591 billion from the N438.884 billion Exchange Difference revenue; the state governments received N104.279 billion, and the LGCs received N80.394 billion.

“The sum of N48.620 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue,” it said.

According to the communiqué, Oil and Gas Royalties, Companies Income Tax (CIT), Excise Duty, Petroleum Profit Tax (PPT), EMTL and CET Levies increased significantly.

It, however, said that Import Duty and VAT recorded considerable decreases.

“The balance in the ECA was 473.754 million dollars.

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Economy

Extension Of Nigeria’s Continental Shelf As Lesson On Continuity

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Extension Of Nigeria’s Continental Shelf As Lesson On Continuity

On May 14, the High Powered-Presidential Committee on Nigeria’s Extended Continental Shelf Project was in the Presidential Villa, Abuja.

The committee came to brief President Bola Tinubu on recommendations given to Nigeria regarding its submission for an extended continental shelf by the United Nations Commission on the Limits of the Continental Shelf (CLCS).

The briefing was led by veteran diplomat, Amb. Hassan Tukur, the Chairman of the committee.

The update with the president featured technical presentations by Prof. Larry Awosika, a renowned marine scientist and Mr Aliyu Omar, Member/Secretary of the Committee and former staff of the National Boundary Commission (NBC).

Omar also served as the Desk Officer for the project office in New York for several years.

Worthy of note, Nigeria’s request to have it continental shelf extended was approved by the CLCS in August 2023.

The project, which aims to extend Nigeria’s maritime boundaries under the United Nations Convention on the Law of the Sea (UNCLOS), has granted Nigeria sovereignty over an additional 16,300 square kilometres of maritime territory.

This is roughly five times the size of Lagos State.

The CLCS is mandated to, inter alia, consider the data and information submitted and provide recommendations on the outer limits submitted by the coastal state.

Article 76 of UNCLOS (1982) allows a qualifying coastal state to extend its continental shelf up to a maximum of 350M (350 nautical miles) or 150m nautical miles beyond its traditional Exclusive Economic Zone of 200 nautical miles.

Extension Of Nigeria’s Continental Shelf As Lesson On Continuity
President Bola Tinubu receiving Nigeria’s CLCS report from the committee

The continental shelf is the natural submerged prolongation of its land territory.

The journey to extend Nigeria’s continental shelf project began in 2009 with the country’s submission to the CLCS.

The project faced delays due to a lack of funds and administrative challenges; in 2013 the Senate of the Federal Republic in its resolution of Feb. 14, 2013, urged the Federal Government to fund the project and set up an independent body to handle it.

However, it was only in November 2015 that the then President Muhammadu Buhari revitalised it.

Subsequently, he appointed the High-Powered Presidential Committee (HPPC), headed by the former Minister of Justice and Attorney-General of the Federation, Malam Abubakar Malami, to oversee the project.

The HPPC operated as an independent technical body, effectively managing the project by cutting down on government bureaucracy.

Omar had led the Nigerian Technical Team through the question-and-answer sessions with the UN Commission on the Limits of the Continental Shelf (CLCS).

He was also the Member/Secretary of the HPPC with a strong institutional memory of the project, highlighted this during the committee’s briefing to President Tinubu on May 14.

Omar said that when the HPPC briefed Buhari in 2022 on the status of the project, the United Nations Commission on the Limits of the Continental Shelf (CLCS) was still considering Nigeria’s submission and having technical interactions with the HPPC.

”These interactions and consideration have now culminated in the approval for Nigeria to extend its continental shelf beyond 200M (200 nautical miles).

”As it stands now, the area approved for Nigeria is about 16,300 square kilometres, which is about five times the size of Lagos State”, he said.

Nigeria’s extended continental shelf is in an area that is referred to as the ‘Golden Triangle of the Gulf of Guinea’ due to its abundance of natural resources such as hydrocarbons, natural gas, and a variety of solid minerals.

Awosika, a pioneer member and former Chairman of the CLCS, explained that the technical team’s work involved lengthy processes.

He said it also required highly technical steps in the acquisition, processing and analysis of extensive marine scientific data offshore Nigeria’s margin for the submission to the UN CLCS.

He said that the Nigerian team had to defend the submission with the CLCS which involved highly technical question-and-answer sessions and provision of additional data and information.

Receiving the report, Tinubu commended the members of the technical team for working tirelessly.

He applauded their high technical and scientific expertise and solidarity to national cause throughout the eight years of service to the nation before an agreement was finally reached with the UN CLCS in August 2023.

It is instructive to note that Tinubu highlighted the interactions he had with his predecessor, Buhari, on the project; given that it was he, Buhari, who set up the HPPC to oversee the project in 2015.

Tinubu recounted how Buhari briefed him on the importance of the project.

”This is a big congratulations for Nigeria. I commend the team and we must take advantage of this and invite you again to have a repeat of this knowledge exploration on geography, hydrography and marine life.

”Nigeria is grateful for the efforts that you put into gaining additional territory for the country without going to war; some nations went to war; and lost people and economic opportunities.

”We lost nothing but have gained great benefits for Nigeria; we will pursue the best option for the country,” Tinubu said.

Tinubu has also promised to ‘pursue the best option for the country’ on the project, even though the CLCS recommendations fall short of Nigeria’s submitted claim.

Perceptive observers say the achievement is a lesson on the importance of continuity in government projects. Abandoning projects due to changes in administration can lead to wasted resources and lost opportunities.

The extended continental shelf is a significant achievement of Tinubu’s administration and to Nigeria.

According to experts, this is something that has never happened in the nation’s history, and may never happen again.

By learning from the ECS project, Nigeria can improve its approach to governance and project management, ensuring that with perseverance and continuity strategic initiatives are completed despite challenges.

The ECS project, initiated in 2009, faced delays and funding issues but persistence through the efforts of the immediate past administration paid off, and was finally approved by the UN in August 2023, shortly after Tinubu assumed office.

The country has taken note of articles 7 and 8 in Annex II to the Convention on the Law of the Sea concerning recommendations received from the CLCS.

The project also demonstrates the importance of long-term thinking in governance.

Discerning stakeholders hold that while the project’s benefits may not be immediate, it will surely have a significant impact on Nigeria’s economy and maritime boundaries in the future.

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Economy

Naira Gains N61.38 Against Dollar At Official Market

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Naira Gains N61.38 Against Dollar At Official Market

The Naira on Wednesday appreciated at the official market, trading at N1,459.02 to the dollar.

Data from the official trading platform of the FMDQ Exchange revealed that the Naira gained N61.38.

This represents a 4.04 per cent gain when compared to the previous trading date on Tuesday, when the local currency exchanged at N1,520.40 to a dollar.

Also, the total daily turnover increased to 289.14 million dollars on Wednesday up from 128.76 million dollars recorded on Tuesday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,593 and N1,401 against the dollar. 

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