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SMEDAN Partners 50 Tertiary Institutions on Students Entrepreneurship Training



SMEDAN Partners 50 Tertiary Institutions on Students Entrepreneurship Training

From Left: The sixth, the Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr Olawale Fasanya; the Director, Enterprise Development Centre, Pan-Atlantic University, Lagos, Dr Peter Bamkole;
Dr Mrs Uduak Mbong, HOD, Business Admin Arthur Jarvis university Cross River, commended SMEDAN and Director, Entrepreneurship Development Center, Federal University Brinin Kebbi, Prof. Isa Garba, during the opening ceremony of the of SMEDAN Tertiary Institutions Entrepreneurship Programme (TINEDEP) at PAN Africa University-Enterprise Development Centre (EDC) held in Lagos on Monday.

As part of efforts to make students self-reliant after their graduation, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) said the agency has partnered with 50 tertiary institutions across the country to prepare their students for a successful entrepreneurial journey.

Speaking at the SMEDAN Tertiary Institutions Entrepreneurship Programme (TINEDEP) opening ceremony at the PAN Africa University- Enterprise Development Centre (EDC), in Lagos on Monday, the Director-General, SMEDAN, Mr Olawale Fasanya, made the disclosure.

Represented by Director, Partnership and Coordination, SMEDAN, Dr Friday Opara, Fasanya stressed the need for lecturers to have an entrepreneurial mindset to successful hand-hold their students through the journey of entrepreneurship.

According to him, the SMEDAN programme was to equip lecturers following the paradigm shift in education with the necessary tools and techniques to prepare students for the fourth industrial revolution.

The SMEDAN boss pointed out that this could only be achieved through efficient entrepreneurship education and development to bridge the gaps between the university classroom and the field.

Fasanya explained that the programme would also give the tools, and provide full practical sessions to broaden the knowledge of participants in learning entrepreneurship.

“In our present educational system, certificates and degrees only prepare students to be job seekers and not job creators.

“The tertiary institution’s curricular must place the needed emphasis on entrepreneurship and vocational training.

“The training prepares the students to become entrepreneurs and job creators, as the future is skill and skill is the future.

“The concept is designed to inculcate into the students the intelligent and intellectual consciousness of their environment to enable him/her maximize their existence and potential.

“It is an adaptable education that will prepare the students for self-employment which must necessarily be the ultimate,” he said.

Director, Enterprise Development Centre, Pan-Atlantic University, Lagos, Dr Peter Bamkole said that the programme was organised for all lecturers in tertiary institutions that taught entrepreneurship.

He stated that the initiative was to empower the lecturers to inculcate entrepreneurial mindsets in the students.

Bankole advised upcoming entrepreneurs to get into a network of like-minded people for ideas sharing within the ecosystem, saying that are about 50 institutions here, and ordinarily, even a Nigerian is a born entrepreneur.

Participants at the opening ceremony of SMEDAN Tertiary Institutions Entrepreneurship Programme (TINEDEP) at PAN Africa University-Enterprise Development Centre (EDC) held in Lagos on Monday.

However, he stated that there are techniques that will help nurture it so that opportunities are better understood when they come.

Dr Uduak Mbong, Head of Department, Business Administration, Arthur Jarvis University, Cross River State commended SMEDAN for organising the event, saying it would provide a network to enhance the practice of her entrepreneurship in her school.

Director, Entrepreneurship Development Center, Federal University, Birnin Kebbi, Prof. Isa Garba, said that after the programme he should be able to come out with a modem in teaching entrepreneurship in the university where he lectured.

He stressed the need for more collaboration and partnership among participants to enable him to build a better ecosystem in his institution.

A Lecturer, at Plateau State University, Jos, Dr Manji Kumdi, said his expectation was to learn about the business ecosystem and how to enrich the entrepreneurship development in the university.




Troops Destroy 51 Illegal Refining Sites, Recover Stolen Crude Oil – DHQ



….Destroy 7 dugout pits, 25 boats, 47 storage tanks, five vehicles, one outboard engine, others

The Defence Headquarters says  troops of Operation Delta Safe have  destroyed 51 illegal oil refining sites and recovered stolen crude oil and refined products in the Niger Delta in the last one week.

The Director of Defence Media Operations, Maj.-Gen. Edward Buba, disclosed  in a statement on Friday in Abuja.

Buba said the troops also apprehended 58 perpetrators of oil theft and denied them of  estimated sum of N668.7 million

He said the troops destroyed seven dugout pits, 25 boats, 47 storage tanks, five vehicles, 141 cooking ovens, one pumping machine, one outboard engine, one tricycle, one speedboat and one tugboat.

According to him, troops recovered 267,700 litres of stolen crude oil, 567,700 litres of illegally refined AGO and 5,000 litres of DPK.

“Troops has maintained momentum against oil theft and arrested persons involved in oil theft in Bonny and Ikpoba Local Government Areas of Rivers and Edo States respectively.

“Troops also arrested suspected armed robbers and foiled illegal bunkering activities in Oshimili South and Ukwa West of Delta and Abia States respectively,” he said.

In the South East, Buba said  troops of Operation UDO KA arrested 15 suspected criminals and repelled attacks by IPOB/ESN criminals in Anambra, Abia and Imo States.

He said the troops conducted raids and rescued kidnapped hostages in Ishielu and Igbo Eze North Local Government Areas of Ebonyi and Enugu States respectively.

He said the troops neutralised three criminals, rescued five kidnapped hostages and recovered 14 rounds of 7.62mm NATO ammo.

In the South West, Buba said  troops of Operation AWATSE foiled armed robbery attacks in Orelope and Olorunsogo Local Government Areas of Oyo State and arrested a gunrunner in Obafemi Owode Local Government Area of Ogun.

According to him, troops rescued 15 kidnapped hostages and recovered two vehicles.

“All recovered items, arrested suspects and rescued hostages were handed over to the relevant authority for further action,” he added.

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NEPZA Boss Says Nation’s Free Trade Zones Not Really `Free’



The Nigeria Export Processing Zones Authority (NEPZA) says the country’s Free Trade Zones are business anchorages that have for decades been used to generate revenues for the Federal Government.

Dr Olufemi Ogunyemi, the Managing Director of NEPZA, said this in a statement by the authority’s
Head of Corporate Communications, Martins Odeh, on Monday in Abuja, stressing that the the widely held notion that the scheme is a `free meal ticket’ for investors and not a means for the government to generate revenue is incorrect.

Ogunyemi said this public statement was essential to clarify the misunderstanding by various individuals and entities, in and out of government, on the nature of the scheme.

He reiterated the authority’s commitment to enhancing public knowledge of the principal reason for the country’s adoption of the scheme by the NEPZA Act 63 of 1992.

“The Free Trade Zones are not hot spots for revenue generation. Instead, they exist to support socioeconomic development.

“These include but are not limited to industrialisation, infrastructure development, employment generation, skills acquisition, foreign exchange earnings, and Foreign Direct Investments(FDI) inflows,” Ogunyemi said.

The managing director said the NEPZA Act provided exemption from all federal, state, and local government taxes, rates, levies, and charges for FZE, of which duty and VAT were part.

“However, goods and services exported into Nigeria attract duty, which includes VAT and other charges.

“In addition, NEPZA collects over 20 types of revenues, ranging from 500,000 dollars-Declaration fees, 60,000 dollars for Operation License (OPL) Renewal Fees between three and five years.

“There is also the 100-300 dollar Examination and Documentation fees per transaction, which occurs daily.

“There are other periodic revenues derived from vehicle registration and visas, among others.

“The operations within the free trade zones are not free in the context of the word,” he said.

Ogunyemi said the global business space had contracted significantly, adding that to win a sizable space would require the ingenuity of the government to either expand or maintain the promised incentives.

“These incentives will encourage more multinational corporations and local investors to leverage on the scheme, which has a cumulative investment valued at 30 billion dollars.

“The scheme has caused an influx of FDIs; it has also brought advanced technologies, managerial expertise, and access to global markets.

“For instance, the 52 FTZs with 612 enterprises have and will continue to facilitate the creation of numerous direct and indirect jobs, currently estimated to be within the region of 170,000,” he said.

Ogunyemi said an adjustment in title and introduction of current global business practices would significantly advance the scheme, increasing forward and backward linkages.

“This is with a more significant market offered by the Africa Continental Free Trade Agreement (AfCTA).

“We have commenced negotiations across the board to ensure that the NEPZA Act is amended to give room for adjusting the scheme’s title from `Free Trade Zones to Special Economic Zones respectively.

“This will open up the system for the benefit of all citizens,” he said.

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2023 CLPA: Policy Cohesion Imperative For Implementation Of AfCFTA Agreements, Others



Some policy experts and stakeholders have called for policy cohesion across Africa for the successful implementation of multilateral policy decisions.

They spoke on Wednesday during one of the plenaries at the 2023 Conference on Land Policy in Africa (CLPA), held in Addis Ababa.

The CLPA, the fifth in the series, is organised by the tripartite consortium consisting of the African Union Commission (AUC), the African Development Bank (AfDB), and the United Nations Economic Commission for Africa (ECA).

The 2023 edition has the theme, ‘Year of AfCFTA: Acceleration of the African Continental Free Trade Area Implementation’.

Dr Medhat El-Helepi (ECA), chaired the plenary with the sub-theme: ‘Land Governance, Regional Integration, and Intra-Africa Trade: Opportunities and Challenges’.

Panelists at the plenary included Dr Stephen Karingi, Director, Regional Integration and Trade, ECA; Mr Tsotetsi Makong, Head of Capacity Building and Technical Assistance, AfCFTA Secretariat.

Others were Mr Kebur Ghenna, CEO, of the Pan African Chamber of Commerce and Industry (PACCI) and Ms Eileen Wakesho, Director of Community Land Protection at Namati, Kenya.

The event also attracted various stakeholders, including traditional leaders, Civil Society Organisations, and policy decision-makers.

Makong expressed worries over the reluctance of some participants to openly discuss some matters, pleading ‘no go areas of domestic affairs’.

He, however, noted that the issues of land were within the limit of domestic regulations, adding that tenure land security was the solution that would allow intra-African investment that is still low in Africa.

Makong pointed out that the success of the investment protocol under the AfCFTA would depend on countries’ domestic laws that should be in line with the AfCFTA.

“There are guidelines on land reforms that need to be turned into regulations within the domestic systems.

“Policy coherence has to be at the heart of what we do. This can be achieved by engaging everyone including women and youth at the grassroots level.

“Also, you cannot be talking of AfCFTA as of it is just about Ministers of Trade, Economy or Investment. The idea is a totality of the entire governance structure. This is very important,” he said.

Speakers also noted that inclusive land governance was one of the key pillars to enhance Africa’s drive to improve intra-African trade, food security, and sustainable food systems.

They said an inclusive governance system would allow stakeholders to create transparency, subsidiarity, inclusiveness, prior informed participation, and social acceptance by affected communities in land-based initiatives beyond their borders.

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