General
FG Kicks Off AfCFTA Stakeholders’ Sensitization, Consultation
By Dipo Olowookere
In pursuant to the directive of President Buhari to deepen sensitisation of African Continental Free Trade Area (AfCFTA), the Federal Government has commenced Stakeholders’ Sensitization and Consultation across the six geopolitical zones starting in Kano Sate; North-West zone.
The decision to establish the AfCFTA was taken in 2012 by all Heads of State and Government of the African Union (AU) at its 18th Ordinary Session. Actual Negotiating Progress started with Nigeria’s Leadership in 2017 when Ambassador Osakwe was elected Chairman of the 54-member Negotiating Forum in Niamey, Niger, on June 5, 2017 during the 6th cycle of the negotiations for the AfCFTA.
The seasoned negotiator and diplomat at the time he was elected had explained that “the responsibility we have is a major challenge and at the same time a unique opportunity to contribute to growth, job creation and poverty reduction in Africa. Concluding the AfCFTA is also of necessity, for improving intra-African trade as part of a broader response to a global economy in rapid and uncertain change.”
AfCFTA are in two stages: Stage 1 covers Trade in Goods and Services; while Stage 2 covers intellectual property, competition policy and investment.
Stage 1 negotiations chaired by Nigeria’s Chief Trade Negotiator, Ambassador Osakwe, were concluded by the 10th Negotiating Forum on March 8, 2018 and adopted by African Ministers of Trade (AMOT) chaired by Nigeria’s Minister Enelamah and forwarded to the AU Executive Council of Foreign Ministers of AU.
At the Extraordinary Summit of African Union Heads of State and Government held on March 21, 2018 in Kigali Rwanda, the Agreement establishing the AfCFTA was adopted and signed by 44 Members of the African Union. The Declaration launching the AfCFTA was signed by 43 AU Members.
Since Kigali, Ghana and Rwanda have ratified the AfCFTA. Upon entry into Force, with the deposit of 22 instruments of ratification, the AfCFTA shall be the largest Free Trade Area (FTA) in the global economy. This will boost job creation through increased intra-African Trade and expand market access for Nigeria’s exporters of goods and services, covering a market of over a billion Africans with a combined GDP of $2.5 trillion.
Speaking at the AfCFTA Northwest Zonal sensitization and consultation in Kano, Governor Abdullahi Umar Ganduje, represented by the SSG, Mr Usman said: “Kano State is willing and committed to taking further specific steps to reactivate and update historic trade corridors with the objective of using these corridors to boost Nigerian exports and intra-African trade.”
Speaking further, he “urged participants to take advantage of African Continental Free Trade Area for the economic growth and betterment of their respective states, Nigeria and Africa in general.”
On his part, Director General/Chief Negotiator NOTN, Ambassador Chiedu Osakwe stated that “the AfCFTA is the result of Nigeria’s leadership.
“In implementing the directive of President Buhari to sensitive and consult nation-wide, we shall make the AfCFTA count in the range of efforts underway to trigger a catapult effect for Nigeria’s growth and job creation. Today, Kano, for the Northwest, caused a first class lift off.”
The AfCFTA when fully implemented, Nigeria stands to benefit from rules-based trade governance in intra-African trade to ensure fair trade and legal right to use trade remedies to safeguard the Nigerian economy from dumping and injurious trade practices.
As estimated by United Nations Economic Commission for Africa (UNECA), AfCFTA will expand the size of Africa’s economy to $29 trillion by 2050. Nigeria as the biggest economy in Africa stands to benefit tremendously from this.
General
Tinubu Orders Security Chiefs to Move to Maiduguri After Bombings
By Modupe Gbadeyanka
The security chiefs have been directed by President Bola Tinubu to relocate to Maiduguri, Borno State, after suicide bombers unleashed terror on residents on Monday evening.
There were multiple attacks in the Borno State capital yesterday, as confirmed by the police command in the state.
In a statement on Tuesday, President Tinubu commiserated “with the Borno people over recent terror strikes,” describing the incidents as “profoundly upsetting.”
“I have directed security chiefs to move to Maiduguri to take charge of the situation. I have also directed the emergency agencies to provide proper care for the injured,” he was quoted as saying in the statement issued by his Special Adviser on Information and Strategy, Mr Bayo Onanuga.
Mr Tinubu mourned the fatal victims of the attacks and sympathised with the injured, stressing that “these acts of terror are the final desperate and frantic attempts by criminals and terrorist elements trying to instil and spread fear, as they are under constant pressure from our brave armed forces and security agencies operating in various theatres.”
“We will continue to intensify our efforts against all criminal elements, wherever they may be,” the President assured.
“The Monday attacks were desperate acts of the evil-minded terrorist groups. Our gallant military and civilian task forces will curtail and put them down.
“Just last weekend, during a security meeting with leaders of security and intelligence agencies, I approved additional equipment and operational support to enhance their capabilities. This effort is already in progress.
“There is no place in Nigeria where terrorists will find safety. We will locate them, confront them, and completely defeat them,” he stated.
President Tinubu praised the troops for their “courage and fighting spirit.”
General
Concerns as Market, Hospital Bomb Attacks Kill 23, Injure 108 in Maiduguri
By Adedapo Adesanya
The Nigeria Police Force in Borno State has confirmed that 23 persons were killed and 108 others injured following multiple explosions that rocked Maiduguri on Monday evening, in what authorities described as coordinated suicide attacks.
The incidents, which occurred at about 7:24 p.m., targeted crowded and strategic locations within the metropolis, including the Maiduguri Monday Market, the gate of the University of Maiduguri Teaching Hospital, and the Post Office Flyover, Maiduguri.
In a statement issued by the Police Public Relations Officer, ASP Nahum Kenneth Daso, preliminary investigations revealed that the explosions were carried out by suspected suicide bombers using improvised explosive devices (IEDs).
The coordinated nature of the attacks, which struck nearly simultaneously across different parts of the city, has raised fresh concerns about evolving tactics by insurgent groups seeking to undermine ongoing counter-terrorism efforts in the North-East.
Security analysts noted that the choice of targets: a major market, a hospital vicinity, and a busy flyover, suggests an intent to maximise casualties, spread fear, and disrupt socio-economic activities in the state capital.
In response, a combined team of Police Tactical Units, military personnel and other joint security operatives were immediately deployed to the affected areas.
The scenes were swiftly secured and cordoned off, while the Explosive Ordnance Disposal (EOD) Unit conducted detailed sweep operations to rule out the presence of additional explosive devices.
The Governor of the state, Mr Babagana Zulum, in a statement, said the explosions had claimed victims and injured others, without elaborating or saying who was responsible.
“The act is utterly condemnable, barbaric, and inhumane,” said Mr Zulum.
The Commissioner of Police, CP Naziru Abdulmajid, led a high-level assessment visit to the affected locations, where he commiserated with victims and their families.
He assured residents of the command’s unwavering commitment to safeguarding lives and property, noting that enhanced security measures had been activated across the state.
Emergency responders, including the National Emergency Management Agency (NEMA) and the Borno State Emergency Management Agency, worked in coordination with medical teams to evacuate victims to hospitals, where they are currently receiving treatment.
Boko Haram and Islamic State West Africa Province (ISWAP) have carried out several attacks against army bases across Borno this month, killing several troops and seizing weapons.
General
Women Need to Own Their Stories, Collaborate—Ayo Mario-Ese
By Modupe Gbadeyanka
Celebrated broadcaster with Arise TV, Mrs Ayo Mario-Ese, has charged women to be open to collaboration and not limit themselves.
The charming media personality was one of the panellists at the UBA Business Series themed Introducing Gen W – The Evolved Woman, held at the UBA House in Lagos last Thursday.
At the event moderated by popular actor, Mr Tobi Bakre, the Morning Show anchor on Arise TV expressed worry about females who are usually laidback about speaking up and sharing their achievements, and said that women need to own their stories.
“A lot of women are doing phenomenal work and are sometimes afraid of showcasing what they are doing. As an evolved woman, you have to find out what you are comfortable doing, create your own unique offering, and also be open to collaboration,” she submitted.
Another panellist, Ms Joycee Awosika, described an evolved woman as one who has awareness of who she is.
“That woman does not need to ask to sit at the table; she is creating her own table and adding value. As your company is growing, you must grow too, and always do an audit of where you need to become a better leader,” the energy economist stated.
For a digital entrepreneur, Ms Tomike Adeoye, the question of what a woman is bringing to the table has now become obsolete, as the evolved woman is now bringing their own table.
“She is now more vocal about their struggles, setting the standards, and she is not ready to give up on her dreams,” she declared.
For the founder of Fine-Funky, Ms Olufunke Davies, she remarked that, “Creating unique designs that are affordable remains my driving force and something that has helped me grow as an evolved woman.”
In her remarks, the Group Head for Brand, Marketing and Corporate Communications at UBA, Ms Alero Ladipo, said, “Raising each woman is actually not that hard, because everyone has their community as well as their story; and so as women, we need to take a position so that we can give to others.”
She said the Gen W platform of the lender is dedicated to the evolved woman, adding, “Through expert insights, real stories, and practical resources, the platform connects women who are building brands, creating businesses, growing careers, and leading across industries. They also have access to a plethora of discounted products and loans. The best part: it is open to every woman. No UBA account needed. This is Gen W, for the evolved woman.”
This edition of the UBA Business Series was hosted to mark International Women’s Month.
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