The Managing Director, Kaduna Market and Development Company, Hafiz Bayero, says the company will issue notice to owners of illegal structures within markets in the state.
He said that the state government would also stop people from hawking within Kaduna metropolis.
Bayero made the disclosure in an interview with the Nigeria News Agency shortly after officials of Abuja Markets Management Ltd. paid a courtesy visit to Gov. Nasiru El-Rufai on Wednesday in Kaduna.
The Managing Director disclosed that the company was already building new markets for people to rent and that in a few months, selling and hawking around Kaduna metropolis would no longer be allowed, except in shops.
“We have been working assiduously with the Abuja Markets Management Ltd. to improve on the markets.
“This is by developing a sustainable facility management system that will provide a stream of value added services aimed at benefitting the government, traders, shoppers and other market users,’’ he said.
Earlier, Managing Director, Abuja Markets Management Ltd., Abubakar Faruk said they were in Kaduna for a robust engagement with the government.
He said they would also provide advisory services in speeding the actualisation of set goals of the state market company.
According to Faruk, the Abuja company was established by Gov. El-Rufai while he was the Minister of FCT 14 years ago.
“It has grown and spread from Wuse Market to 13 other markets, shopping complexes and neighborhood centers in the FCT, extending to Nasarawa State owned markets.
“The Abuja market management has introduced a technology driven service delivery system, especially in the area of access control toll collection, which has been automated, as well as in other revenue generating sectors.
“We have also optimised the revenue generating capacity of the market environment especially through outdoor advertising, sales promotion and branding.’’
The managing director said the company had recently added to its portfolio, an e-commerce platform called Kassuwa.com. to provide online presence for ignored small business owners to position them to become global players and share from the derivable benefits.
“At the moment, in collaboration with our parent company and other service providers, we are working at providing alternative uninterrupted power supply to the markets.
“With the markets properly lit and more secured, shopping hours can be extended to enable the market compete more favourably with other privately owned shopping malls in the city,’’ he said.
In his response, Governor El-Rufai said he was delighted at the prospects of the Abuja market management being able to extend their services to other states.
He hope they would engage more robustly and support the markets company in the state to get to the level they have attained.
FG reiterates commitment to give priority to development of textile industry
The Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum, said that the Federal Government would give priority to development of the textile industry.
The minister said this in a statement issued on Friday in Abuja by Mrs Oluwakemi Ogunmakinwa, the Assistant Director of Press in the ministry.
The minister of state said that it was essential to make Nigeria an exporter of finished products.
Katagum spoke when a delegation of investors from China led by the Treasurer of Kano State Chamber of Commerce, Industry, Mines and Agriculture, Alhaji Umar Ibrahim visited her in Abuja.
She expressed delight with the Chinese investors who indicated interest to develop the textile industry in Kano.
According to her, Kano is known to be a historic centre for the textile industry, particularly the traditional dying art technology that has been there for many decades.
Katagum further assured of the Federal Government’s commitment to support the Kano State Government and the Chinese investors for the development of the textile industry.
She added that the support was in line with the current administration’s Economic Growth and Recovery Plan (ERGP) policy.
Earlier, Ibrahim said the purpose of the visit was to seek collaboration with the ministry for the development of the country’s textile industry.
He explained that Kano State Government in partnership with Dantata Group of Companies was working assiduously to ensure that Nigeria’s textile industry was developed to support the country’s economic diversification plan.
Edited by: Ese E. Ekama
Maintenance: AEDC notifies power interruption in parts of Abuja, Kano
The Abuja Electricity Distribution Company (AEDC), says customers in parts of Central Area, Abuja will experience power interruption on Dec. 14 and 15 due to maintenance of its facility. .
AEDC’s General Manager, Coporate Communication, Mr 0yebode Fadipe said this in a statement in Abuja on Friday.
Fadipe said that the areas to be affected by the interruption which would commence from 9 a.m. to 6 p.m. include Wuse Zone 1-7, Maitama and some parts of Kano.
He said that the interruption was to enable the Abuja Region of the Transmission Company of Nigeria (TCN) maintenance team in conjunction with AEDC undertake the replacement of a punctured 132 kilo Volt XLPE cable on the Katampe – Central Area 132kV Line 1.
Fadipe said that the scope of work had been planned to last for three weekends in order to minimise the period of interruption of power supply to customers within the affected areas.
“The decision to embark on the replacement of the cable is gratifying as it will engender improved service to customers.
“Our customers who had hitherto been experiencing loadshedding can now look forward to longer hours of power supply after the replacement of the cable, which is situated at the back of the IBB Golf Course
“We appeal for patience and understanding of the affected customers as the replacement of the cable is expected to be completed on Dec. 29,” he said.
Edited by: Ese E. Ekama
AfDB approves $124.2m loan for water sector reforms in Akure
The Board of Directors of the African Development Bank (AfDB) has approved a 124.2 million dollars loan to finance the urban water sector reform and Akure water supply and sanitation projects in Nigeria.
the bank’s active portfolio in Nigeria comprised 61 operations, of which 54 were national and seven were regional.
“The total commitment to these projects is 4.8 billion dollars and includes water and sanitation projects worth 606.0 million dollars.
Edited by: Donald Ugwu
2019 Q3: MAN pegs CEOs Confidence Index at 51.7 per cent
The Manufacturers Association of Nigeria (MAN) on Friday pegged the composite Manufacturers CEO’s Confidence Index (MCCI) for the third quarter of 2019 at 51.7 per cent.
The percentage was given in a statistics report made available to newsmen in Lagos.
According to the report, the value presents a marginal increase of 0.8 index point over 50.9 index points as recorded in the second quarter of the year.
It also indicates some level of improvement in the nation’s ports operations following some ongoing government reforms.
Notwithstanding, the CEOs said that poor access, heavy traffic and undue congestion at the ports still prevalent were recorded.
Additonally, local sourcing of raw materials gained traction due to the backward integration policy and import substitution strategies of the government.
The CEOs urged government to sustain the implementation of the backward integration policy by properly funding relevant institutions, initiating policies that would prioritise development of local raw materials in commercial quantities.
“The slight increase is a welcome development as it depicts upstick in the performance of the manufacturing sector and shows that manufacturers confidence in the economy improved in the third quarter.
“Nevertheless, the slight improvement in performance was attributed to doggedness of manufacturers as the operating environment remains very challenging,” the report reads in part.
It also states that the indexes of the current business conditions dropped to 41.5 per cent from 43 per cent recorded in the second quarter.
In addition, current employment conditions which stood at 35 per cent in the second quarter also improved to 42.3 per cent in the third quarter, while production expectations for the next three months increased marginally from 64 per cent to 66.4 per cent.
The CEOs, in the report, however, urged the government to make conscious efforts at addressing the challenges currently rocking the manufacturing sector.
They identified and ranked poor electricity and gas supplies first; multiple taxation and frivolous demands by government agencies second; high interest rates and difficulty accessing loans, poor accessibility to ports and high demurages ranked third; and poor economic infrastructure fourth.
Difficulty in sourcing forex, low patronage, counterfeiting and inflation, high cost of spare parts, high government bureaucracy, lack of skilled labour, insecurity, high cost of production, poor environmental management systems ranked fifth to twelfth respectively.
The CEOs recommended urgent resolution of the Nigeria-Benin border disputes, resuscitation of domestic refining to conserve forex for industry needs, and proper implementation, monitoring of government laws, regulations and Executive orders.
They also callee for deliberate channeling of economic infrastructure to strategic economic hubs across the nation.
The CEOs urged government to address the observed port-related challenges, dilapidated infrastructure, inadequate space, weak trade facilitation infrastructure, poor road network and the associated gridlock to enhance competitiveness.
The Nigeria News Agency reports that the MCCI was created to gauge the pulse of the economy on a quarterly basis.
The data presented in the report was generated from the responses of over 200 CEOs of MAN member-companies across the country focusing on their positions on macroeconomic and business operating environments as well as perception on the earlier mentioned diffusion factors.
The MCCI report took into account manufacturers’ perception on a set of diffusion factors including current business condition and business condition for the next three months.
Additionally, the current employment condition, rate of employment, employment condition for the next three months and production level for the next three months were also measured.
It also considered the general macroeconomic condition inclusive of foreign exchange, business operating environment, lending rate, credit to the manufacturing sector and capital expenditure of the government in the analysis.
Edited by: Oluwole Sogunle
27 ships laden with petroleum products, food items awaiting to berth — NPA
The Nigerian Ports Authority (NPA) says 27 ships laden with petroleum products, food items and other goods have arrived Tincan port waiting to berth.
According to it, the ships are carrying containers, bulk salt, used vehicles, bulk sugar, new vehicles and automobile gasoline.
The publication said that 30 ships were expected at the ports with automobile gasoline, fuel, containers, bulk malt, general cargo, lab/base oil, crude palmolien and used vehicles.
Also, the organisation said that 11 other ships were at the ports discharging general cargo, containers, bulk wheat and vehicles.
Edited by: Tayo Ikujuni/Ali Baba-Inuwa
- Police confirm killing of 29-yr-old man in Abakaliki
- 32-man Borno delegation understudies Kaduna on participatory governance
- Nothing secret, sinister about us — Ogboni Fraternity
- Trump appears to back short Senate impeachment trial
- 17-year-old Nigerian winner of Chinese Bridge competition pledges to tackle Nigeria’s electricity challenge
- Cleric advises Nigerians to utilise advantages of border closure
- Army advises Nigerians to be security conscious
- Orphanage appeals for more support for less privileged
- NAF hands over man, 2 others nabbed for transformer vandalism to police
- World Bank to support SAN yoghourt boost production – Official
- NiMet predicts dust haze, thundry weather conditions for Saturday
- NMA lauds Gov. Ganduje for appointing 4 medical doctors as Commissioners
- DSPPC restates commitment to public awareness on procurement regime
- FG reiterates commitment to give priority to development of textile industry
- APPEALS partners Fulani community to raise milk production by 500%
- Army offers free medical services to 802 residents in Enugu community
- I was not placed under house arrest — Oshiomhole
- Kebbi : Cleric urges Muslims to exhibit high sense of maturity in religious obligations
- AfDB approves $124.2m loan for water sector reforms in Akure
- Maintenance: AEDC notifies power interruption in parts of Abuja, Kano
- Lagos Assembly screens Sanwo-Olu’s 3 commissioner-nominees
- Aisha Buhari urges governors’ wives to advance community health
- NGO tasks journalists on development, gender reporting
- Obaseki not ready for settlement — Oshiomhole
- 2019 Q3: MAN pegs CEOs Confidence Index at 51.7 per cent
- NAN correspondent wins CSTD 2019 award for excellence
- Nasarawa govt to build a modern bus terminal in Karu
- Buratai tasks Non-Commissioned Officers to adopt new innovations in tackling security challenges
- News Analysis: FirstBank accelerates support for SMEs to boost economic growth
- 27 ships laden with petroleum products, food items awaiting to berth — NPA
- Kenyan police arrest suspects with 73kg of ivory
- S/African gov’t unveils tourism safety plan amid rising crimes
- Albanian gov’t nominates new minister for reconstruction after earthquake
- AfCFTA: Pharmaceutical industry needs urgent bailout – MD, May & Baker
- Nigeria imports decrease, other oil exports gain in 3rd quarter — NBS
- NCDMB says 70 per cent Nigerian content by 2027 still achievable
- NDA, 1 Div. partner on molding vibrant officers
- Emefiele attributes Nigeria’s economic growth to CBN’s policy measures
- Sen. Ekwunife tasks company on timely completion of Anambra power project
- Gov. Umahi presents N178 bn budget for 2020
- UN agencies return 5,087 Somali refugees from Yemen in 2 years
- UNESCO includes Thai massage on intangible cultural heritage list
- EU member states agree to push on with eurozone reform by June
- Abia Assembly pledges legislative support to universal health coverage
- PDP extols Gov. Wike’s virtues
- SON issues certificates, tasks coys on standards
- 2 million Nigerian teachers certified, registered – TRCN Registrar
- Pakistan promises support for Afghan peace talk
- NAF innovations will address security challenges in Nigeria- Minister
- One dead, 15 injured after an explosion in German town