Business
N’Delta Trade Fair Kicks Off April 11
All is now set for the 8th edition of Niger Delta International Trade Fair scheduled to kick off from the 11th to 24th of April, 2012.
The Chief Executive of Niger Delta International Trade Fair Limited, Mr Daso Harry, made this disclosure last week during a parley with newsmen at the Port Harcourt office of the organisation.
According to him, the fair will attract business opportunities within Port Harcourt, Nigeria and beyond and provide another rare opportunity for corporate organisations, banks, industrialists, small and medium scale enterprises including individuals to showcase their goods and services to the general public.
Harry expressed confidence that the fair would attract well over a million visitors from within and outside the country.
He assured participants and visitors alike that the 8th Niger Delta International Trade fair will further bring to fore the reality that Port Harcourt is not only the hub of oil and gas but also the commercial nerve of the nation. He noted that this year’s fair promises to be huge, bigger and better than previous editions and will expose exhibitors to over one million expected visitors comprising mainly of key industry players as well as targeted customers across all industries in the state, Nigeria, the West African sub region, Africa and beyond, noting that it will be another plus for Rivers SState as foreign businessmen seeking partnership with local manufacturers and distributors will add an interesting dimension to the fair.
Objectives of this year’s fair are: to intensify the need for an enhanced action plan towards a sustainable economic growth through private sector, to indicate prospects for foreign and local private investments in strategic areas of tourism, agriculture, industries and oil and gas, to create awareness of goods, services and talents available in the Niger Delta and Nigeria as a whole and to showcase the various investment and great business opportunities, incentives and institutions to local and foreign investments.
According to the Director of Trade fairs in Niger Delta International Trade Fair Limited, Mr. Peter Ofuka, the fair would promote Niger Delta as a home for all Nigerians and therefore the arrowhead of Nigerian economic growth. And to help niger delta small, medium and prospective large scale companies through the match making process that would be preceded by trade flow analysis/demand and supply surveys to take advantage of the existing liberal investment climate engendered by the present government economic agenda.
Speaking earlier, the Chief executive of Niger Delta international Trade fair Limited, Mr. Daso Harry, had told newsmen that this year’s fair will encourage healthy habits through constant sanitation, he assured the people of efficient and effective security adding that organizers have also taken time to include the trade fair musical concert replica of what is usually held in the Carniriv festival to add colour to the fair.
“We will be setting up an entertainment village where artist and stand up comedians are expected to thrill and entertain participants and visitors who will want to unwind after the hard day’s business” Mr Harry said.
The theme for this year’s trade fair is; “Creating Avenue To Expand Economic Opportunity, Strenghten Equity And Protect The Environment.
Business
NIGCOMSAT Seeks Policy To Harness AI Potentials
The Nigerian Communications Satellite Limited (NIGCOMSAT), the country’s satellite operator, has called for immediate promolgation of policy action that will enable the country to harness the potentials of Artificial Intelligence (AI).
NIGCOMSAT, also warned that Nigeria risks missing out on Africa’s projected $1.2trillion share of the global AI economy by 2030.
Managing Director of NIGCOMSAT, Nkechi Egerton-Idehen, disclosed this in a statement issued at the weekend following her participation in the Meeting of the National Council for Communications, Innovation, and Digital Economy.
“Artificial intelligence is reshaping industries, economies, and societies worldwide, with projections that it will contribute up to $15.7trillion to the global economy by 2030. Africa stands to gain $1.2trillion of this if the right policies and innovations are in place”, Idehen said, citing a PricewaterhouseCoopers report.
The NIGCOMSAT MD underscored the transformative potential of AI in agriculture, highlighting its applicability in Benue State, widely regarded as Nigeria’s “food basket.”
According to her, machine learning tools could revolutionize agricultural practices by improving pest detection and optimizing planting schedules using satellite imagery.
“AI offers us the chance to not only flourish economically but also to achieve food security. However, we must ask ourselves if we are prepared to manage this technology responsibly”, she added.
Idehen also noted that internet access remains a significant barrier to AI adoption in Nigeria.
“For AI tools to be effective, basic digital infrastructure is essential. Addressing this gap must be a priority.
“AI is happening. We have the opportunity to manage this technology revolution responsibly, both in Africa and globally, through innovation and governance”, she said.
In August 2024, the Federal Ministry of Communications, Innovation, and Digital Economy released a draft National Artificial Intelligence Strategy, aiming to position Nigeria as a global leader in AI.
Corlins Walter
Business
We Have Spent N1bn On Electrification -LG Boss
The Chairman of Emohua Local Government Council, Chief David Omereji, has said the council has so far spent over N1 billion for the electrification of communities in the area.
Omereji said this while addressing staff of the council at the council headquarters recently.
He said the move was part of his administration’s resolve to ensure peace and development of the LGA.
According to him, the Council spent about N29 million on monthly basis for the maintenance of the Emohua Local Vigilante group known as OSPAC, with each member being paid a stipend of N100, 000 monthly.
He diaclosed that 11 out of the 14 wards are currently enjoying electricity, while efforts are on to light-up the remaining ones.
“I also want to use this opportunity to inform the political class for purposes of records and for the understanding of the people that the Council under my watch have done more than enough”, he said .
The Emolga boss explained that all that have been achieved were through the personal effort of the Council, without support from anybody as rumoured in some quarters.
Omereji further reaveled that a number of other projects, including roads, fencing of schools, hospitals, courts premises, and reconstruction of some abandoned buildings at the Council Headquarters are being undertaken by his administration.
He enjoined the people of the area to support his administration’s drive to bring purposeful development to the LGA.
The Emohua Council boss, who reiterated his hatred for noise making, stated that his works would speak for him, and solicited the support of staff of the council and the entire people of the area.
He noted the fact that some people may not be happy with his achievements, saying that he would remain focused, while advising critics of his government to do so constructively with facts and figures.
King Onunwor
Business
Ogoni Rejects NNPC-Sahara OML11 Deal … Wants FG’s Intervention
The Movement for the Survival of the Ogoni People (MOSOP) has raised some ethical questions over a Financial and Technical Services Agreement (FTSA) between Sahara Energy and West African Gas Limited (WAGL), an affiliate of the Nigerian National Petroleum Company (NNPC).
MOSOP said the agreement was not done in good faith, not in the interest of the Nigerian people, and did not follow due process.
Foremost Ogoni born activist and MOSOP leader, Fegalo Nsuke, who made this known in Abuja, weekend, described the Sahara-WAGL deal as fraudulent, deceptive and an insult on the intelligence and integrity of the Nigerian nation.
Nsuke called on President Bola Ahmed Tinubu to cancel that FTSA between Sahara Energy and WAGL, noting that the agreement is fraught with irregularities and deceptive.
“What Sahara and the NNPC did in the FTSA between Sahara and WAGL is shameful and depicts high level corruption in public service of our country.
“WAGL is an affiliate of Sahara and the NNPC. How then can Sahara go into an agreement with its own affiliate? It’s as good as going into an agreement with itself. This is deceptive and fraudulent”, Nsuke said.
He continued that “Sahara Energy is certainly not a company the Ogoni people want on their soil and we are calling on Mr. President, Bola Ahmed Tinubu, to terminate any deal between the NNPC and Sahara Energy over OML 11, and to allow for an inclusive arrangement that considers a fair treatment of the Ogoni people in the distribution of revenues from natural resource extraction on Ogoni soil.
“The last Ogoni Congress has been unequivocal on the Ogoni demand for justice and has given a clear path to resolve the three decade old conflict between all critical parties.
“It will be good to explore this path to peace and development for Ogoni and for our country”.
Nsuke accused Sahara Energy and the NNPC of frustrating the progress made by MOSOP to achieve a permanent solution to the Ogoni problem.
He urged a presidential intervention with deep consideration for a fair treatment of the Ogoni people in order to permanently address the problem.
He noted that Sahara Energy should give up on the Ogoni area to allow for an engagement in the interest of the country and the people.
Recall that MOSOP and Sagara Energy have recently been engaged in a row in what MOSOP describes as an unholy relationship between Sahara Energy and the NNPC over OML 11.
MOSOP expressly rejected Sahara Energy and called for a fair treatment of the Ogoni people in natural resource extraction in Ogoni.
It noted that Ogoni people, led by MOSOP, paid the sacrifice to take the oil from Shell, hence “the position of MOSOP must be taken into consideration in decisions relating to resumption of oil production in Ogoni”.
-
Niger Delta2 days ago
Eno Recommits To Accountability, Effective Service Delivery
-
Sports2 days ago
NBA train youths, coaches in Nigeria
-
Business2 days ago
New Naira Notes Still Valid – CBN
-
Sports2 days ago
We’ll use Sports to Promote Peace, create Wealth in Tai…Chairman.
-
Business2 days ago
Onne OMT Port Acquires 2 Cranes For Container Haulage
-
Niger Delta2 days ago
Bayelsa Charges Environment Ministry To End Bush Burning
-
Business2 days ago
Minister Asures On Blue Economy Policy
-
Rivers2 days ago
Immunization: Rivers Records Decrease In Women, Infant Mortality … As OPTS Donates Cold Chain Refrigerators To PHCMB