Business
A’Ibom Speaker Tasks Young Surveyors On N’Delta Environment
Nigeria’s young
professionals have been challenged to seek cutting-edge solutions to the myriad of challenges now facing the nation in order to assume their rightful positions as future leaders.
The Speaker, Akwa Ibom State House of Assembly, Rt. Hon. Onofiok Luke, gave the charge on Saturday while declaring open the 12th Regional South-South Young Surveyors’ Conference in the state capital, Uyo.
The Speaker who expressed delight that young professionals were taking interest in providing solutions to national challenges said the theme of the conference which was “Harnessing Geospatial Solutions for Environmental Challenges And Regional Development of South-South Nigeria” was apt.
Luke noted that decades of oil and gas exploration and exploration and several other practices injurious to the environment had left the Niger Delta region gravely endangered.
In seeking solution to these challenges, Luke said the young surveyors must know their root causes. He noted that despite the billions of Naira committed to infrastructural development by multi-national and development Agencies including the Niger Delta Development Commission (NNDC), very little impact is visible.
“You must ask, what happened to the royalties from multi-nationals to our communities, what happened to royalties from other sources. We all should be focused in providing solutions”, the Speaker said.
According to him, lack of planning in all sectors of national life was responsible for the challenges facing the nation and called for inter-face between surveyors and multi-national firms, as well as new approaches to providing solution.
He said that environmental challenges, including flooding and desertification call for the impute of surveyors to address and regretted that Akwa Ibom State has only about 3,000 registered surveyors.
He called on young surveyors to draw from the combination of experience and mentoring of old surveyors and youthfulness and cutting-edge technology of contemporary times to solve the nation’s environmental challenges. He assured that the state legislature will synergies with surveyors to provide legal framework for their recommendation.
In her speech, the Surveyor-General of Akwa Ibom State, Surveyor Mrs Emem P. Isang said the state government was in synergise with surveyors in addressing geospatial matters.
Donald Mike-Jaja
The Central Bank of Nigeria (CBN) has announced that the 2025 economic indices indicate a positive outlook, with the nation’s GDP expected to accelerate to 4.17 per cent for faster economic growth.
Mr Muhammad Abdullahi, Deputy Governor, Economic Policy Directorate, CBN, revealed this on Tuesday during the 11th edition of the National Economic Outlook: Implications for Businesses in 2025.
The hybrid event, convened in Lagos, was organised by the Chartered Institute of Bankers of Nigeria (CIBN) Centre for Financial Studies in collaboration with B. Adedipe Associates Ltd.
Abdullahi said the nation’s 2025 economic projections remained optimistic with fiscal and monetary reforms already paying off, resulting in the GDP anticipated rise from 3.36 per cent recorded in 2024.
According to him, the growth is anchored on sustained implementation of government reforms, stable crude oil prices, and improvements in domestic oil production.
Abdullahi also stated that stability in the exchange rate would play a crucial role in maintaining the positive trajectory, with the inflation rate projected to decline due to the impact of economic reforms.
“Achieving the targeted inflation rate of 15 per cent in 2025 will require effective collaboration between monetary and fiscal authorities, alongside private sector participation for a stable economic environment,” he said.
The keynote speaker said that the apex bank would prioritise price stability and strengthen the financial sector to support SMEs and critical sectors for businesses to thrive.
Abdullahi noted that the nation’s evolving policy landscape presented both challenges and opportunities for businesses to thrive.
“The government is making deliberate strides to diversify its revenue streams and reduce dependence on the volatile oil sector.
“Through ongoing tax reforms aimed at broadening the tax base and improving collection efficiency, the government is working to establish a more sustainable fiscal environment.
“While these reforms may present challenges in the short term, they are essential for building a more resilient and diversified economy in the long run.
“As businesses, it is crucial to adapt to these changes, understanding that they will ultimately strengthen the economic foundation for future growth.
“As we move forward on this path of exploration and collaboration, we must remain focused on the vast opportunities before us.
“Nigeria’s abundant resources, coupled with the current administration’s commitment to economic reform, offer a fertile ground for innovation, investment, and sustainable growth,” Abdullahi said.
Similarly, Prof. Pius Olanrewaju, President/Chairman of the Council, Chartered Institute of Bankers of Nigeria (CIBN), said 2024 presented both challenges and opportunities.
He noted that the GDP signalled gradual recovery amidst global and domestic pressures.
“As we move into 2025, we are presented with both the opportunity and responsibility to critically examine the economic landscape.
“This forum will help us identify the risks, harness the opportunities, and strategize for the future,” Olarenwaju noted.
He commended the collaboration of experts at the annual event, which included Dr Kabir Katata, Director, Research, Policy and International Relations, Nigeria Deposit Insurance Corporation; and Dr Henrietta Onwuegbuzie of the Lagos Business School.
Others were Akinsola Akeredolu-Ale, CEO, Lagos Commodities and Fixtures Exchange; Mr Akeem Lawal, Managing Director Interswitch (Pure pay); and Chinwe Uzoho, Regional Managing Director, West and Central Africa Network International.
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