President Bola Ahmed Tinubu says he appreciates the invaluable contribution of the Nigerian Institute of Management (Chartered) to our Nigerian development.

President Bola Ahmed Tinubu stated this at the 2024 Annual National Management Conference of Nigerian Institute of Management (Chartered) at the Obi Wali International Conference Centre in Port Harcourt, last Monday.

Represented by the Head of the Civil Service of the Federation (HoCSF) Dame Didi Esther Walson-Jack President Tinubu said with many professional managers and decision makers in the public and private sectors in attendance, the conference remains a gathering of brilliant minds dedicated to the advancement of good management practices in Nigeria.

President Tinubu disclosed that NIM’s commitment to excellence in management is vital because it is through good management that we can translate the potentials of our resources and human capital to development.

He said the theme of the conference, “Economic Stability & National Security: The Contending Issues and the Way Forward” is appropriate in charting a new course and a natural rebirth of our country which is in line with the Federal Government’s eight-point agenda aimed at turning around the economy and making life easier for the citizenry.

According to him the agenda includes food security, ending poverty, economic growth and job creation, access to capital, improving security, the rule of law, and fighting corruption.

He said “our nation stands at a cross road where the interplay between economic health and national security cannot be overstated”, noting that our strategies must reflect reality because these two factors are intrinsically linked.

The President opined that by choosing this theme as the focus of this year’s conference, NIM has further demonstrated that it is committed to supporting the Federal Government in achieving its objective of turning around the nation’s economy and setting it on the path of development and Progress.

In his remarks the Chief Host and Rivers State Governor Sir Siminalayi Fubara who was represented by his Deputy, Prof. Ngozi Nma Odu commended the Institute of Management for the laudable workshop they have put together, noting that as a State, we look forward to partnering with NIM(C)for trainings and reforms of the Civil Service of Rivers State.

Governor Fubara said “as we navigate the complex challenges facing our beloved Nigeria, it is crucial that we, as leaders and managers, engage in thoughtful dialogue and strategic planning to secure a prosperous and safe future for all Nigerians”.

According to the State Chief Executive, Nigeria has always been a nation of resilient and resourceful people, adding that our diversity is our strength, and our challenges are opportunities for innovation and growth.

“As we leave this conference, let us carry with us not just ideas, but a renewed commitment to action. Whether you are a public servant, a business leader, or a civil society advocate, you have a role to play in building a stable, secure, and prosperous Nigeria”. Governor Fubara further said.

In her keynote address Dr. (Mrs) Ajoritsedere Awosika said it is the responsibility of all stake holders to pave the way for a new era of prosperity for Nigeria, stressing that if not for ourselves it should be done for our children who are our hope and our future.

The President and Chairman of Council, Nigerian Institute of Management Dr. (Mrs) Christiana Atako had earlier welcomed participants where she said the Nigerian Institute of Management (Chartered) Annual Management Conference is the flagship of its many programmes and activities, which provides a platform to discuss contemporary burning issues of national interest with a view of proffering solutions.

The Federal Government and the United Kingdom (UK) have reaffirmed their commitment to strengthening and deepening trade relations.

Amb. Nura Rimi, the Permanent Secretary in the Federal Ministry of Industry, Trade and Investment, said this at the Inaugural Nigeria-UK Business Dialogue in Abuja.

The Tide source reports that both countries signed a Memorandum of Understanding (MoU) to enhance the nation’s trade and investment.

The permanent secretary added that the country is pleased to host the first edition of the Nigeria-UK Business Dialogue, a key event under the Enhanced Trade and Investment Partnership Memorandum of Understanding (MoU).

Rimi said the dialogue would allow stakeholders from both countries to participate in meaningful talks, share best practices, and explore joint opportunities in important areas such as agriculture, energy, technology, and manufacturing.

“Historically, Nigeria and the UK have enjoyed robust bilateral trade and investment relations.

“In the four quarters leading up to the first quarter of 2024, Nigeria was the UK’s 39th largest trading partner.

“During this period, Nigeria’s exports to the UK amounted to 2.4 billion pounds, while UK imports to Nigeria stood at 4.1 billion pounds in the 4th quarter of 2023.

“The Nigeria-UK Business Dialogue is an excellent event that marks a significant step towards developing trade relations and increasing economic collaboration between the two countries,” he said.

Rimi said by encouraging investments in important sectors such as agriculture, manufacturing, and infrastructure, both countries could boost growth and generate chances for joint ventures and increased relationships.

According to him, the Enhanced Trade and Investment Partnership MoU encourages UK investors to explore Nigeria’s most promising sectors.

“It is expected that both countries will work towards increasing reciprocal Foreign Direct Investment (FDI), recognising the potential of such investments to support sustainable economic growth and development.

“Through cooperative investment promotion and facilitation, infrastructure development, technology, and manufacturing can spur economic growth.

“Under the leadership of President Bola Tinubu, Nigeria has implemented several reforms to ensure a conducive investment climate that spurs growth and job creation across all sectors of the economy.

” These concerted efforts have positioned Nigeria as one of the most important destinations for Foreign Direct Investment (FDI) in Africa.

He expressed the hope that the dialogue would focus on building on the successes and progress made so far by reducing barriers to trade in goods and increasing opportunities for services.

He hoped that the dialogue would ensure investment promotion, and regulatory cooperation, that would pave the way for promising and concrete commitments.

Responding, the British Deputy High Commissioner, Jonny Baxter, said the event was built on the first of its kind partnership for the UK in Africa.

“This new platform enables us to build on successes from the UK-Nigeria Economic Development Forum to resolve more market access barriers.

“It will foster our joint commitment to develop novel systems for businesses to efficiently raise issues, and work towards practical solutions.

“The overall deepening of our cooperation underscores our shared efforts to enhance trade across current and new sectors, support businesses and boost economic growth between our two countries,” Baxter said.

The National Oil Spill Detection and Response Agency (NOSDRA) and Stakeholder Democracy Network (SDN), an NGO, have taken steps to reduce methane emissions in Nigeria.

The Director-General of NOSDRA, Mr Chukwuemeka Woke, stated this when the Executive Director, SDN, Mr Adam Heal visited him in Abuja, yesterday.

Woke thanked the organisation for supporting NOSDRA to develop a Satellite Methane Emission Tracker (SMET) prototype to mitigate carbon emissions in the country.

He said that to promote transparency and accountability in the oil and gas industries space, SDN had also supported the agency in developing the Oil spill monitor.

” You have also supported the Nigerian Gas Flare Tracker. This  has helped the agency to bring significant contributions towards our own climate change journey.

” We are indeed grateful to your organisation,” he said.

Responding, Heal said that SDN had partnered with NOSDRA in building environmental tools like the Oil spill monitor, and the Gas flare tracker to  tackle the impact of gas emissions on the environment.

According to him, the organisation is currently building a prototype satellite-based methane tracker in close partnership with NOSDRA.

” Well, we all know that methane is an incredibly important gas in terms of climate change. Its impact on the climate is several times worse than carbon dioxide.

” So if we can tackle methane, then we have a better chance of reaching our long-term climate goals, but one of the problems is that,  it’s hard to often detect the sources of methane,” he said.

Heal said that there were some emerging solutions using satellite-based technology to identify hotspots where methane is emerging.

He said this would enable environmental regulators like NOSDRA an other agencies to help respond to the  emissions, fix the problem, and reduce the impact on the environment.

” We  are currently building a prototype satellite-based methane tracker in close partnership with NOSDRA, which we hope will be a step in that direction.

” We’ve completed phase one, and

we’re very much looking forward to mobilising resources and then delivering phase two.

” We are making sure we build a tool which is helpful for NOSDRA and for researchers, other partners in Nigeria to better understand the main sources of methane and help Nigeria deliver on its climate goals,” he said.