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AfCFTA: Opportunity to Liberate Africa Must Not Slip from our Hands – MAN

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AfCFTA: Opportunity to Liberate Africa Must Not Slip from our Hands – MAN

The Manufacturers Association of Nigeria (MAN) has called on African nations to maximize the opportunities presented by the Africa Continental Free Trade Area (AfCFTA) to fully integrate the continent into the global market.

The President of MAN, Chief Francis Meshioye made the call at the “Lighting the African Trade Torch for the Implementation of the AfCFTA” ceremony held on Wednesday in Lagos.

The AfCFTA’s “Torch Lighting’’ ceremony is to demonstrate the commitment of participating countries to the implementation of the AfCFTA.

Meshioye, who doubles as President, Pan-African Manufacturers Association (PAMA) said AfCFTA had created a market of over 1.3 billion people and was the largest single market in the world with a Gross Domestic Product (GDP) of over 2.6 trillion dollars.

He said that the AFCFTA would boost Africa’s export by more than 600 billion dollars with a wage gain of more than 10 per cent, presenting a unique opportunity for increased production capacities and trade volume.

According to him, AfCFTA is a catalyst for a significant reduction in poverty, offering opportunities for ramping up production, upscaling trade volume and creating enduring wealth for the continent.

“On behalf of PAMA, I congratulate the African Union, the AfCFTA secretariat and the Africa Business Council for the progress we have made since the commencement of the AfCFTA.

“We see the single liberalised market for free trade in goods and services, which AfCFTA offers as a lifetime opportunity for African countries to trade more with each other, refocus national economics, and fast track the process of fully integrating the continent into the global market.

“All these opportunities are for the taking if the competitiveness of private businesses is enhanced, and I must say, we cannot afford to allow this monumental opportunity to liberate Africa economically, slip from our hands.

“In reality, the benefits and opportunities that AfCFTA offers are not without challenges and hurdles that will necessitate tough decisions and measures.

“However, I am confident that with concerted efforts of all stakeholders and overwhelming support of all private sector operators in Africa, these hurdles are surmountable,” he said.

The MAN president noted that his interactions with manufacturers revealed the hope that AfCFTA would transform Africa into a prosperous and competitive trade environment.

He stressed the need to immediately move beyond the completion of negotiations on schedule of tariff offers, finalisation of work on the rules of origin and fully operationalise the Pan African Payment Platform.

Meshioye said that all outstanding issues germane to the effective implementation of AfCFTA must be speedily resolved.

He charged participating countries to continue to support the African Union and the AfCFTA secretariat to evolve strategies that would ensure that trading in the AfCFTA corridor stimulated inclusive development in Africa.

Meshioye explained that this was achievable through a strategic framework to facilitate inflow of investment and the inclusion of women, youth, innovation and technology development in the AfCFTA implementation roadmap.

He added that countries must address the macroeconomic environment, poor competitiveness and the dearth of trade facilitation infrastructure prevailing in many African countries.

“As we light the Africa Trade Torch on implementation of AfCFTA today, we must all resolve to keep this monumental light in our minds.

“We should ensure upscaling of trade in manufactured goods through improved industrial capacity and deliberately develop industrial inputs to reduce the intensity of reliance on the global supply chain.

“We must intentionally bring down all the historical physical borders in Africa, facilitating peaceful co-existence and security of lives and property.

“We must effectively support all Organised Private Sector organisations in Africa and strengthen the private sector directorate in the structure of the AfCFTA secretariat as PAMA continues to monitor unfolding events around AfCFTA with great optimism,” he said.

Economy

LASG Reiterates Ban On Commercial Motorcycles In Restricted Areas

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LASG Reiterates Ban On Commercial Motorcycles In Restricted Areas

The Lagos State Government has reiterated that the ban on commercial motorcycles popularly called ‘okada’ in 10 Local Government Areas, (LGAs) and 15 Local Council Development Areas, (LCDAs) in the metropolis still persists.

Special Adviser to the Governor on Transportation, Hon. Sola Giwa declared this at the weekend, while on tour of some restricted areas within the state, where large numbers of motorcyclists (okada riders) had resumed operations.  

Reaffirming the State Government’s ban on okada in the Local Government Areas which include; Kosofe, Oshodi-Isolo, Somolu, Mushin, Apapa, Ikeja, Lagos Island, Lagos Mainland, Surulere and Eti-Osa, as well as the Local Council Development Areas under them which are; Ojodu, Onigbongbo, Lagos Island East, Yaba and Coker Aguda. With others at; Itire-Ikate, Eti-Osa West, Iru Victoria Island, Ikoyi-Obalende, Ikosi-Isheri, Agboyi-Ketu, Isolo, Ejigbo, Bariga and Odi-Olowo, the Transport Special Adviser urged both riders and passengers to keep off.

He implored the general public to comply as both the riders and passengers are liable to 3 years in prison if apprehended and prosecuted, with their motorcycles impounded and crushed in the public view, in line with the provision of Section 46, sub-section 1, 2 & 3 of the Transport Sector Reform Law (TSRL), 2018.

While soliciting support on government policies by all and sundry, the Special Adviser noted that despite the available existing interventions and viable alternatives provided for okada operators which were expected to cushion the effect of the ban on their livelihood, the recalcitrant riders have refused to take advantage of them.

Highlighting some of the viable alternatives made available for the operators by the State Government, Giwa stated that the; Ministry of Women Affairs and Poverty Alleviation (WAPA); (vocational training), Ministry of Wealth Creations and Employment; (internship programmes), Office of Civic Engagement, Office of Sustainable Development Goals (SDGs), Lagos State Employment Trust Fund (LSETF) (Loan for Micro, Small and Medium Enterprises MSMEs), Lagos Economic Acceleration Programme “LEAP”) and the Ministry of Agriculture (Agric YES) are all trade support for the riders.

He also said the State Government’s First and Last Mile Bus Transport Scheme, the BRT Scheme, the Lagos e-hailing taxi Scheme (LAGRIDE) and other sustainable modes of transportation were also part of interventions provided to minimize the inconveniences of the motoring public in executing their daily activities.

Giwa averred that the position of government on okada is very clear, stressing that there is no going back in order to consolidate on the achievements made so far in the decrease in accident and crime rates as well as the return of sanity to the communities within the State.

He added that the Security formations who have been partnering with the State Government including the Nigeria Police Force, the Army, Navy and Air force are still on ground to sustain enforcement on all the banned corridors, as well as the State Traffic Management Authority, (LASTMA) and the Anti-Okada Squad.

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Economy

Manufacturers urge FG to dialogue with NLC over plan to picket CBN offices

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Manufacturers urge FG to dialogue with NLC over plan to picket CBN offices

…Says Business no longer lucrative***

The Manufacturers Association of Nigeria (MAN), has urged the Federal Government to dialogue with the NLC on its planned picketing of Central Bank of Nigeria (CBN) offices nationwide.

The Nigeria Labour Congress (NLC), President, Joe Ajaero on Wednesday directed workers to embark on strike over the lingering cash crunch and fuel scarcity.

Ajaero also directed that affiliate unions constituting the NLC should be on standby to picket all branches of the CBN nationwide during the strike which is expected to begin on Wednesday, March 29.

Dr Okwara Udensi Edo/Delta Chairman of MAN, in an interview in Benin, said embarking on strike was not the best option as it would compound the present sufferings of Nigerians.

“For us as manufacturers, strike is not the best option, dialogue is the best thing so that we will not suffer more.

“Embarking on industrial action will ground our businesses, road transport workers might join the strike and this will cripple our activities.

“But unfortunately, it seems strike is the language the government understands.

“I read on the news that the CBN says it will mop up the old N500 and N1,000 notes to commercial banks.

“Must people tell them they want to go on strike before they mop up cash to banks, he said.

He regretted that the manufacturing sector had continued to witness high costs of production, a situation that was not good for economic development.

“We now buy diesel for between N820 and N830 per litre, how many litres of diesel will you buy to run your generator to produce?

“Raw materials we used to pay between N350,000 and N400,000 to convey from Jos to Benin City in 2022 is now about N800,000 as of today.

“Business is no longer lucrative, profit margin has been swallowed by the high cost of production.

“Customers are not ready to buy at higher prices, manufacturers are just selling to stay afloat,’’ he said.

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Economy

Ojerinde: Absence of ex-JAMB Registrar’s children in court stalls alleged fraud arraignment

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Ojerinde: Absence of ex-JAMB Registrar’s children in court stalls alleged fraud arraignment

The absence of the four children of Prof. Dibu Ojerinde, former Registrar, Joint Admissions and Matriculation Board (JAMB), in a Federal High Court, Abuja, stalled their arraignment on Friday.

 Ojerinde and his children; Mary Funmilola, Olumide Abiodun, Adedayo and Oluwaseun Adeniyi, alongside their companies, were to be arraigned before the court.

Olumide Abiodun Ojerinde was a member House of Representatives at 9th Assembly representing Irepo/Orelope/Olorunsogo Constituency of Oyo State.

The Federal Government, through the Independent Corrupt Practices and other related offences Commission (ICPC), had, in a charge marked: FHC/ABJ/CR/119/23, sued the Ojerindes on 17 counts bordering on money laundering.

Ojerinde and his companies are currently facing a money laundering trial before Justice Obiora Egwuatu.

The former JAMB boss was, on Jan. 26, re-arrested by the operatives of the anti-graft commission while he was heading to his car with one of his sons after trial Justice Egwuatu adjourned further proceedings in the charge preferred against him.

ICPC lawyer, Ebenezer Shogunle had, on Feb. 15, notified Egwuatu that Ojerinde was re-arrested on suspicion that he might have committed some other offences not unconnected with the present charges before the court.

He said for this reason, the commission obtained a warrant from the court dated 6th of Dec, 2022 for his re-arrest.

But Ojerinde, in a suit, marked: FHC/ABJ/CS/179/2023, sued the commission for alleged unlawful detention and breach of his fundamental rights.

While Ojerinde’s suit before Justice Egwuatu was adjourned until May 4 for mention, his trial was fixed for the same date for hearing continuation.

The fresh criminal charge against Ojerinde and his children before Justice Ekwo, it was gathered, was connected to the latest finding by the anti-graft commission.

While the FG is the complainant, Ojerinde, Doyin Ogbohi Petroleum Ltd, Cheng Marbles Ltd, Sapati International Schools Ltd, Trillium Learnings Centre Ltd,, Standout Institutes Ltd and Esli Perfect Security Partners are 1st to 7th defendants respectively.

Mary, Olumide, Adedayo and Oluwaseun are the 8th to 11th defendants in the trial.

Although they were not in court, they were represented by a lawyer, Ajibola Bello.

Upon resumed hearing, ICPC’s counsel, Henry Emore, informed the court that the matter was slated for the defendants to take their plea.

He said the 2nd to 7th defendants were corporate persons while the 8th to 11th defendants were natural persons.

Emore said though the defendants were to be arraigned, the 8th to 11 defendants were not in court.

He said the matter was filed on Monday and the court, on Wednesday, graciously gave them today for the defendants to take their plea.

He, however, said they were unable to serve the 8th to 11th defendants.

The lawyer prayed the court for a short adjournment.

Justice Ekwo directed Emore to serve their lawyer in open court since he was present.

“I grant you a leave to serve them now through their counsel. Let the court record shows that this is by leave of court.

“When a lawyer is representing defendants in court, it means that the lawyer knows the contact of the defendants and can reach them,” he said.

The judge, who adjourned the matter until April 19, said: “there shall be consequence if the defendants are not in court in the next adjourned date.”

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