Business
Lagos-Abidjan Expressway Project Begins 2014 –Jonathan
President Goodluck Jonathan said last Saturday in Abidjan, Cote d’Ivoire that the construction of Lagos to Abidjan Expressway would commence next year.
The president made the disclosure at the Nigerian-Cote d’Ivoire Investors Forum on the sideline of his state visit to that country.
He said that the construction of the road was imperative to enhance free movement of goods and persons and reduce the encumbrances currently posed by the local customs and police to business men.
He said that the construction of the road was “dear to the heart of the ECOWAS leaders”.
Jonathan was speaking on the sideline of the 42nd ECOWAS Summit in Yammoussoukro, there was a meeting of the leaders of Nigeria, Togo, Benin, Cote d’Ivoire and Ghana on how to actualise the project.
“We have charged the Ivorian Minister of Infrastructure and the Nigerian Minister of Works to work with the ECOWAS Commission that within two weeks they must come up with a blueprint and preliminary information on the project.
“We will discuss the issue in Addis Ababa in May when we go for AU meeting.
“This is because we want a situation where the desk-work will be completed this year and by next year, we want physical construction.
“We believe that when we have this express road the issue of movement, interference by Customs and Police will be minimised because that will be an ECOWAS road.
“The laws regulating the use of the road will not be the laws regulating that of the roads in Nigeria, Cote d’Ivoire or Ghana.
“It will be an international standard and everything will be done in such a way that movement of goods, services and so on will not be interfered with by local restriction.”
Jonathan said that the projects would not be financed with public funds but by development partners and some viable banks which would re-coup their funds through tariffs and toll fees.
“It is a viable project that banks and business men within and outside the region will key into and which will generate enough money in short time.
Jonathan further explained that the project when completed would integrate the entire region.
“Togo has seven million, Benin Republic, eight million, Cote d’Ivoire, 25 million, Ghana 26 million and Nigeria about 167 million.
“When you add all these together, it gives you about 236 million out of the projected 287 million of ECOWAS.
“So, these five countries, by the time you traverse from Nigeria to Cote d’Ivoire, then you will easily integrate the entire sub-region.
“You will so integrate the system in such a way that you can key other countries along, that is why we decided that we must work with our business men and women to develop an express road from Lagos to Abidjan,” he said.
The president noted that there were lots of investment opportunities in the sub-region which were yet to be harnessed for development.
He identified the major challenges to development as lack of technology and exportation of raw materials without adding values.
“When you export crude oil you export job opportunities because those who refine the crude oil and turn our gas to petrochemical create a lot of jobs.
“Like now, we are supposed to be exporting finished products not crude oil and gas but we are still doing that.
“Cote d’Ivoire is just going to the oil industry, they should not make the mistakes Nigeria made from the beginning they must think about exporting finished products not exporting crude oil.
Jonathan noted that economic growth should not be reduced to paper work but realities that would affect the lives of the citizens.
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”.
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