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Dismantle Trade Barriers to grow Africa’s economy, Dangote urges Leaders

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Dangote ‘no longer’ richest investor on NGX, as Abdul Samad Rabiu leads in the latest ranking

Dismantle Trade Barriers to grow Africa’s economy, Dangote urges Leaders  

 

African leaders have been urged to dismantle trade barriers stifling their individual countries, in a bid to ensure smooth flow of goods and services, with a corresponding impact on economic growth and development across the continent.  

 

The call was made by the Group Chief Commercial Officer of Dangote Industries Limited, Mr Rabiu Umar, during an interview aired on The Morning Show, a breakfast programme of the Arise News Channel, on the sidelines of the just-concluded Intra-African Trade Fair (IATF) held in Durban, South Africa.  

 

Rabiu, who represented the Dangote Group, a platinum sponsor of the trade fair, also called for reforms at the various ports across Africa. He noted that “bringing down these barriers will mean that goods and services can move much more freely on the continent from one country to another.”  

 

He advocated improved infrastructure across Africa to promote regional integration, as well as the ease of regulations and bureaucracy that prevented free flow of trade across the continent in order to realise the benefits of the African Continental Free Trade Area (AfCFTA) agreement.  

   

Calling for enforcement of the Rules of Origin enshrined in the agreement, Rabiu also canvassed for 80 per cent of components of manufactured products to be sourced from Africa to avoid dumping of goods from foreign countries. He noted that there was a renewed interest in the Dangote group and Nigeria from other African countries at the fair.  

 

Highlighting the benefits of the AfCFTA and its impact on manufacturers like the Dangote Group, he said, “The trade barriers highlights a lot of issues around infrastructure, around diplomacy, around ports. For example, if you take the port situation, you may get your goods to the port and it takes such a long time. If I give the example of Nigeria to get them out of the country or into the country.  

 

“I was on a panel here and someone from South Africa said it’s cheaper to move goods from Durban to China than from Durban to Cape Town. So, the challenges are not just related to a particular region, they’re all across Africa,” he added.  

 

Commenting on the renewed interest in Nigeria at the IATF meetings, with particular focus on his Dangote group, Rabiu said, “I think what has been impressive is the level of interest. From across the continent, many countries come in to find out what we do, trying to either sell us a solution or try to buy something from us. I mean, we’ve had people from all over.”  

 

Speaking about the scope of operations of the Dangote Group, he stated that, “We have presence in 10 countries, like I said, including South Africa. So, we had people come in, who are in South Africa to ask to do business with us. We have had people who want to know about our fertiliser business, for example, and all sorts and of course, the famous refinery, people are interested in finding out more and how they can collaborate and do business with us. So, it’s been a worthwhile trip so far.”  

 

Responding to question on how to boost Intra-African trade, Rabiu proffered vital tips like fixing infrastructure, tariff reduction, ease of payments and settlements as the top priorities.  

 

According to him, “It’s a very difficult process. It is not just about the road transport or the quality of the roads you have. We don’t have a rail system and of course, you know, road transportation is very expensive. The second part is the tariffs, the systems and the process, the bureaucracy.  

 

“So for us to get to where we need to get to, I think the key condition is to remove these barriers to trade, the biggest one being infrastructure, you need the infrastructure to move goods across the second part of it, you need to cut out the red tape, from a diplomatic perspective, from a customs perspective, or from even a payment settlement perspective. This is one of the things the Afreximbank has done with the settlement system among the African countries meaning that you are kind of dollarising the economies of these countries”, he said.

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Video: Helen Paul Receives Georgia Citizen Award

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Video: Helen Paul Receives Georgia Citizen Award

 

 

Popular entertainer and educationist, Prof Helen Paul has climbed another ladder of achievement as she received the prestigious Honorary Georgia Citizen Award in the United States of America.

The award certificate issued by Brad Raffensperger, Secretary of State of the State of Georgia, reads: “May this outstanding citizen be offered every courtesy as a Goodwill Ambassador from Georgia in her travels to other states, to nations beyond the borders of the United States of America, or wherever she may hereafter travel or reside. Thank you for your service to our state.”

A female Senator representing Georgia, who presented the award, described Helen Paul who just finished training as a Substitute Teacher an asset to the people of Georgia. She said “Everybody is touched by a professor or someone who creates an atmosphere for learning. Thank you so much for being a public servant to a point that you pour out so much to educate people.”

Prof Helen, an ambassador of the Independent National Electoral Commission (INEC) received the award shortly after joining the Nigerian delegation to observe the US presidential election won by Donald Trump. Prince Ero, the CEO of Waterlight Initiative was also part of the team.

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Tears as Lagbaja buried in Abuja

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Tears as Lagbaja buried in Abuja

Tears as Lagbaja buried in Abuja

 

Emotions ran high as the Chief of Army Staff, Lt. Gen. Taoreed Lagbaja, was laid to rest at the National Military Cemetery in Abuja, on Friday.

The ceremony brought together family, colleagues, and dignitaries to bid a final farewell to the late army chief.

The grief-stricken family members and colleagues struggled to contain their tears.

Even the nose mask worn by his widow, Mariya, couldn’t conceal the steady stream of tears that dropped from her eyes.

 

The procession began at precisely 3:00 p.m. when Lagbaja’s remains arrived at the cemetery.

President Bola Tinubu, Vice President Kashim Shettima, Senate President Godswill Akpabio, Chief of Defence Staff, Gen. Christopher Musa, Minister of Defence, Mohammed Badaru, and the Inspector General of Police, Kayode Egbetokun, each took turns laying wreaths at the grave.

Speaking at the event, the Chief of Defence Staff, Musa, assured Nigerians that Lagbaja’s death would inspire the military to defeat the nation’s enemies wherever they may be.

 

Musa stated that the military took solace in the fact that the late army chief lived a purposeful life, urging the troops to honour his memory by committing themselves to the ideals he stood for.

Musa said, “We will not leave you alone. We know your loss is immeasurable, but please take solace in knowing that he lived a life of purpose and left behind a legacy that will never fade. To my fellow officers and men, let us use this moment to recommit ourselves to the ideas for which General Labaja stood for.

“Let us ensure that his sacrifice and service continue to guide our steps as we defend this great nation. We are going to use his passing away to resolve further to defeat all enemies of the state, wherever they are, whether within or outside. As we lower him today into the embrace of the earth, let us raise our voices in prayer and gratitude for a life well lived. “

Reflecting on Lagbaja’s tenure, Musa noted that he took bold and decisive actions against terrorists, bandits, and other threats.

He said, “His tenure was marked by decisive actions against insurgency, banditry, and other threats to our nation’s peace. His efforts significantly enhanced the operational readiness and the morale of the Nigerian Army. But beyond his professional achievement, General Labaja was a man of profound faith, kindness, and humility.

 

“His commitment to safeguarding our nation’s sovereignty and ensuring the security of our citizens was unwavering. From his early days as a young officer to his ascension to the esteemed office of the Chief of Army Staff, General Lagbaja consistently demonstrated a rare blend of intellect, bravery, and humanity. He understood the complexities of modern warfare and the need for innovation in our strategies.

“Yet, he never lost sight of the human element, the men and women who serve under the flag and the citizens whose freedom they defend.

 

In his remarks, the Minister of Defence, Muhammed Badaru, said Lagbaja embodied the core values of soldiering and served Nigeria without reservation for over 30 years.

Badaru said the late army chief was not only courageous but also an inspiring leader who lived from the front, exemplifying his tedious dedication to the service of the nation.

At the event, Tinubu conferred a posthumous national honour, Commander of the Federal Republic, on Lagbaja.

Tinubu said the conferment was to appreciate Lagbaja’s service to the nation.

The President described Lagbaja as one of his best appointees.

He said, “Lagabaja was a true soldier, a general and officer who symbolised the best of his profession and whose commitment to the nation he loved was singular and undiluted.

“He was more than I could have hoped for. He was one of my best appointments. Lieutenant General Lagbaja embodied the finest ideas of a patriot and a soldier. He had an abiding faith in the capability and readiness of our armed forces to save and keep us”.

Tinubu described Lagbaja as a trusted advisor, adding that he was a man of prudent action who cared about the nation and the men who served under him.

“He displayed uncommon valor in the charge of his duty and the administration of the rank and file for he cared about their welfare and that of their families.

“For me, he was a trusted advisor whose formidable intellect and breadth of knowledge served this nation well,” he added.

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How My South African Partner Duped Me Of $3.5 Million— Murray-Bruce

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How my South African Partner Duped Me Of $3.5 Million — Murray-Bruce

How My South African Partner Duped Me Of $3.5 Million— Murray-Bruce

 

The founder of the Silverbird Group, Ben Murray-Bruce, has narrated how his South African partner defrauded him of $3.5 million on the purchase of a cinema complex in Kenya.

Though he did not mention his partner’s name, he recalled that by making a bank transfer of the said sum, the South African registered the business in his name.

The former Senator representing Bayelsa East Senatorial District stated this during the fourth edition of the Peace Anyiam-Osigwe Nigeria Digital Content Regulation Conference, held in Victoria Island, Lagos State, on Thursday.

He said, “I was called to buy a cinema complex in Kenya for $3.5 million. I transferred the money and my South African partner registered it in his name. That was how I lost that huge investment.

“I have a studio in Los Angeles and I am battling with litigation with one of the most prominent actors in Hollywood.”

The media business mogul expressed his interest in movie production, adding that while he’s currently working on a movie script, the movie would address fundamental issues in society.

He stressed the significance of promoting creativity as he recalled that some time ago, while he went to the Ajegunle part of Lagos, he saw some kids fighting.

Murray-Bruce noted that the kids — “future leaders” were “learning how to be tough. But some people see them as crooks. Leaders of entertainment in the US today were born in their Ajegunle.

“The entertainment industry is a very successful one. In all the things I have done, I have never made one move about movie making but now, I will. I am working on a script and I know we will get it right. We will deal with fundamental issues.”

The death of Anyiam-Osigwe, a prominent Nigerian filmmaker and founder of the African Movie Academy Awards, was announced on January 10, 2023.

The former lawmaker also paid tribute to the late Anyiam-Osigwe, recalling how she used to visit him in his house on her bicycle.

“Peace came to my house one day and asked me why I abandoned entertainment and became a politician. I have known her since she was six years old. She used to come to our house on her bicycle. Her brothers also used to come riding theirs,” he said.

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