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Make Industrialization The Cardinal Goal Of Your Governance — Eleganza Chairman, Razaq Okoya To Tinubu

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Eleganza Group of Companies, one of the most established and wholly owned indigenous manufacturing industries in Nigeria, has been in operation for over 60 years.

The Chairman and founder, Chief (Dr.) Rasaq Akanni Okoya CON., a veteran in the manufacturing sector and an elder citizen sends his hearty congratulations to our dear President-Elect, His Excellency Asiwaju Bola Ahmed Tinubu and Vice President-Elect, His Excellency Kashim Shettima on a well-deserved victory. He prays for a peaceful and successful term.

It is the ernest hope of our Chairman that the President- elect makes the industrialization of the entire country a cardinal goal by helping promote manufacturing and the establishment of mid-sized cottage industries / factories during his tenure.

As a suggestion, this could be achieved through incubation centres that will be domiciled in warehouses of approximately 5000 sqm size per cluster (one unit).
These centres will be seen as special economic zones and will serve as Industrial infrastructure required for the conversion of raw agricultural materials into finished products, as well as that of other consumer products spread across all sectors of the economy which can also be manufactured in these clusters.
The President-elect can then invite various (Chinese) machine manufacturers and that of many other countries alike to come and train our graduates in vocational skills, while also providing much needed technology transfer through the sales of machineries, and equipments to facilitate the manufacturing of different products and components as opposed to the importation of finished products, to conserve our precious foreign exchange.
Each unit in adherence to the 21st century demands of ECO friendliness and nature, will thus prevent environmental degradation.
This will provide practical experience which would give our youths (citizens) a strong sense of belonging, and a promise of hope hence promoting urbanisation in rural areas of the county and stem rural to urban migration by providing wealth in the rural communities where they live. This essentially will prevent overcrowding in already established parts of the country and also keep youths off the streets which will instil a sense of pride and dignity of labour in these youths.

With 50,000 units in each state, in each of the 37 states spread across the federation, they can focus based on the comparative advantages and specialization due to locational advantages in raw materials as well as geographic considerations. The communities will be complemented with suitable living establishments and infrastructure such as good roads, health centres, recreational facilities that will aid the agglomeration of the RURAL economies and communities and spur them into mini vibrant cities.
Clusters can be powered through renewable energy as a backup to the national grid power supply.

All this can be achieved with the aid of public private sector investment through lease holds of 10 to 25 years that will unleash and enable patient capital required to catalyse economic growth, jobs and entrepreneurship for our youths.

If this is done well, it will improve the GDP of the country and leapfrog into a modern industrialized economic power house that can serve the entire African continent.

We believe this new administration would promote commerce and industry and we pray for the President-elect by God’s grace to consider this and add it to his laudable agenda and blue print for the rebirth of our great Nation Nigeria.

By the same token we appreciate the good works done by the Governor of Lagos state His Excellency Governor Babajide Sanwo-Olu and his esteemed Deputy His Excellency Dr Obafemi Hamzat, who have continued to build on the foundation laid down by the President-elect in sustaining the transformational agenda of the state and making it a centre of excellence for Lagosians and many Nigerians at large.

We can see a GREATER NIGERIA RISING.

God bless Nigeria and the Entire citizens of Lagos State. Amen.

BIG STORY

UBA Takes Centre Stage At 2024 ECOWAS Mining Forum In Cotonou, Benin As Elumelu Gives Keynote Address

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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has been announced as the official sponsor of the 4th edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024) scheduled to take place at the Palais des Congrès in Cotonou, Benin from February 22 to February 24, 2024.

The regional event is expected to see a large gathering of key players and stakeholders in the mining and petroleum sectors of the Economic Community of West African States (ECOWAS) and as the financial institution of choice, with presence in 20 African countries and active involvement in major continental development projects, UBA is the preferred partner for the event, underlining the bank’s commitment to the growth of mining and Petroleum industry in the sub-region but to the whole not African economic development.

UBA Group Chairman, Tony Elumelu, would give the keynote address during the opening ceremony of this all-important event.

Elumelu who doubles as Chairman of Transcorp Group, with extensive interests in energy and power, will be speaking on the theme: “Geo-extractive Resources and Technologies: what pooling strategies for Value Creation in West Africa”

His speech is expected to highlight UBA’s increasing effort to support and develop the African continent through strategic investments in the key sectors of mining and petroleum.

Under the esteemed leadership of the President of the Republic of Benin, His Excellency, Patrice Talon, and the President of the Federal Republic of Nigeria and current President of ECOWAS, His Excellency Mr. Bola Tinubu, UBA Group will at the forum aim to restate its commitment towards supporting economic and social development across the continent.

The focus of ECOMOF 2024 underscores the significance of transforming the mining and oil sectors into economic pillars by formulating attractive policies for investors, essential for the sectors’ substantial contribution to the Gross Domestic Products (GDP) of ECOWAS member states.

The Transnational Corporation Group (Transcorp Plc) – a diversified conglomerate with strategic investments in various sectors, including power and energy – will also actively participate in the forum.

Key officials from UBA Group and Transcorp Plc, including the Chief Executive Officer UBA Africa, Abiola Bawuah; UBA’s Group Head, Corporate and Energy Bank, Ebele Ogbue, and President/ Chief Executive Officer, Transcorp Group, Owen Omogiafo will be actively involved in discussions and panels on the sidelines of the event.

Anticipated to attract over 2,000 participants from diverse sectors, including representatives from mining and oil industries, government officials, international and national investors, industry experts, ECOWAS delegates, and international organizations, ECOMOF 2024 promises to be a significant platform for collaborative dialogue and partnership building.

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees’ group wide and serving over 35 million customers globally. Operating in 20 African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology.

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JUST IN: FG Working To Reduce Rising Food Prices Inherited From Past Government — Finance Minister Wale Edun

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Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, said that President Bola Tinubu’s administration inherited a surge in food and general commodity prices from the previous government.

He, however emphasized the government’s commitment to reducing food prices and tackling the nation’s high inflation rate.

Speaking at the Public Wealth Management Conference in Abuja on Tuesday, February 20, the finance minister acknowledged the hardships faced by Nigerians and outlined measures taken to alleviate their suffering.

He revealed that, as part of these interventions, the government has released 42,000 metric tons of grains, with an additional 60,000 metric tons scheduled for release soon.

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JUST IN: State Police Bill Passes Second Reading At House Of Representatives

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A bill proposing the establishment state police has passed second reading at the house of representatives.

Sponsored by Benjamin Kalu, deputy speaker of the house, and 14 others, the bill proposes to transfer the term “police” in the 1999 constitution from the exclusive legislative list to the concurrent legislative list.

The bill, which comprises 18 clauses, seeks to amend sections 34, 35, 39, 42, 84, 89, 129 153, 197, 214, 215 and 216 of the constitution.

 

More to come…

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