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AFCFTA: Osinbajo Lists Policy Actions To Drive Industrialisation In Africa

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The Vice President, Professor Yemi Osinbajo, has called on authorities across the continent to take the right policy actions to actualise the limitless opportunities for the industrialisation of Africa offered by the African Continental Free Trade Area (AfCFTA).

He stated this in a message delivered on Thursday at a ‘Roundtable on Industrialisation in Africa’ in which he listed such actions to include the protection of local industries and improvement of value chains.

The roundtable themed “Positioning African Industries for Economic Transformation and Continental Free Trade” was organised by the Manufacturers Association of Nigeria (MAN) to celebrate its Golden Jubilee.

“For certain, the AfCFTA is indispensable if industrial development is to take off in Africa because it offers wider markets and economies of scale which are essential for manufacturing to be competitive,” the Vice President was quoted as saying by his media aide, Laolu Akande.

“We must take policy actions to create an environment in which businesses can thrive. To start with, we must adopt the right type of macroeconomic and industrial policies.

“It is important for African governments to provide a stable macroeconomic environment which avoids and smoothens out volatility in prices, sharp deteriorations in the current account and budget deficits and, of course, rapid accumulation in debt burdens.”

On actions that will boost manufacturing, Professor Osinbajo believes policies like tariffs, quotas, subsidies, and non-tariff barriers, that protect infant industries so that they can create jobs and enable learning, are vital.

He stressed the importance of well-negotiated rules of origin in the context of the free trade agreements, describing them as key to preventing trans-shipment and the deflection of trade.

The Vice President stated that without them, firms from non-state parties could set up simple labelling operations in one member state with a view to shipping already finished products to another member state without really adding any value.

He explained that it was important for MAN to involve itself in an advisory capacity to government negotiators.

“Our manufacturers must also strive to become competitive after clearly specified time periods so that they can withstand the ever-present danger of stiff competition from imports,” said Professor Osinbajo. “In other words, while our manufacturing industries must be nurtured and supported, they cannot remain infants forever.

“One of the ways to increase the competitiveness of African industries is to develop and deepen regional value chains wherein production systems starting from conception and design right through to supply of raw materials, processing, transport, storage, marketing, and sales take place within our countries and continent.”

Meanwhile, the Vice President is expected to depart Abuja on a short visit to Arusha, Tanzania where he will be received by his Tanzanian counterpart, Dr Philip Mpango.

While in Arusha, he would visit the African Court of Justice and Human Rights (ACJHR), an African Union agency in Arusha, among other engagements before he returns to Abuja on Monday.

Troops Eliminate Six ISWAP Terrorists, Recover Arms

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Troops of 25 Brigade operating under the aegis of Joint Task Force, North East, Operation Hadin Kai (OPHK) have neutralised four terrorists of the Islamic State West Africa Province (ISWAP), recovering some arms and ammunitions in process.

Spokesperson of the Nigerian Army, Brigadier General Onyema Nwachukwu in a statement on Thursday said the terrorists were neutralised along Damboa-Bulabulin-Maiduguri road on Wednesday.

“The terrorists who were on espionage along Damboa-Bulabulin- Maiduguri road ran into a fighting patrol team at Kukawa and were neutralised in the firefight that ensued with the troops,” the statement read in part.

Nwachukwu added that the troops recovered four AK 47 rifles and four Magazines, each loaded with 30 rounds of 7.62mm (Special) ammunition from the troops.

In another operation, troops of 195 Battalion, Sector 1 OPHK in conjunction with elements of Civilian Joint Task Force (CJTF) at Dusman-Muna Garage, Borno State eliminated two ISWAP terrorists in an ambush operation conducted along with an identified ISWAP terrorists’ crossing point at Musari village.

The troops also captured and destroyed an ISWAP logistics vehicle conveying assorted goods and contraband items belonging to members of the terrorist group.

“Items recovered from the terrorists’ vehicle include two bags of Hemp (Cannabis Sativa), two bags of detergent, 120 packets of mosquito coils, l2 mosquito nets, and five textile materials. Other items recovered are two bicycles, two bags of beans, a bag of corn, and some quantity of fish,” the statement added.

The Chief of Army Staff Lieutenant General Faruk Yahaya in response commended the troops for their operational exploits and urged them to maintain the aggressive posture in order to decisively root out the terrorists from their enclaves.

Buhari Considered Food Security, Power Problem Before Relieving Ministers –Presidency

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The Presidency on Thursday said President Muhammadu Buhari essentially considered “food security” and the “power problem” in the country before “relieving” the Minister of Agriculture and Rural Development, Mohammed Nanono; and his Power counterpart, Sale Mamman.

According to the Special Adviser to President on Media and Publicity, Femi Adesina, in an interview, food security and fixing the power sector are two of the things central to the President’s heart.

Buhari had on Wednesday sacked Nanono (Kano State) and Mamman (Taraba State). He had also redeployed the Minister of Environment, Mohammed Abubakar, to the Ministry of Agriculture while the Minister of State for Works, Abubakar Aliyu, took over as Minister of Power.

The two dismissed ministers were in August 2019 sworn in as part of the over 40 ministers who make up the current Federal Executive Council.

Speaking on the television programme, Adesina said the redeployed ministers are not weak in their former offices but versatile hence the need for their redeployment.

“It could be that the President has seen that they were versatile and so they would do well in other areas within the cabinet. It does not mean that they were weak and that is why changes came from within. Don’t also forget that the President said new nominations will also be made according to constitutional provisions because the constitution prescribes that every state in the country must provide a minister.

“So, if the reshuffle has caused that a state or two doesn’t have a minister, then, there have to be fresh nominations into the cabinet,” he said.

The presidential spokesman also said that ministerial appointments are not chieftaincy titles and appointees should be ready to leave at any time the President feels they have delivered their best.

Throwing more light on the President’s statement that the cabinet reshuffle is a continuous process and more ministers would leave the government before 2023, Adesina said, “It could also mean that the President who appoints them can also say, ‘Thank You for your services; let me bring in fresh energy’.

“The President is the one who will determine that and what that is telling us is that national service is for God and for humanity; it is not for ourselves. When it is time for you to go, you go. It is not a chieftaincy title, it is not something that you hold for life and when it is time to go, you leave gladly.”

Adesina said his principal listens to the yearnings of the people in taking certain decisions.

When asked whether Buhari considered the epileptic power supply, food inflation, amongst other challenges Nigerians are grappling with, the presidential spokesman said, “Somebody gave me a document to give to the document on how to solve the power problem in the country.

“I took it to him and he collected it and he began to flip through it and as he flipped through it, he was saying, ‘If only we can solve the power problem’. He repeated it about three times and you know what I got from that? It was something central to his heart that if only this administration can solve the power problem and you know efforts that have been made.”

He also recalled, “There was a night when there was this talk about hunger in the land and I went to see him (Buhari) but before I finished, he said, ‘I know, I have constituents and I received feedback from them. I have people from my constituency who gives me real-time feedback, I know what is happening’.

“Of course, food security is central to the President’s heart,” he noted.

“No one government will solve all the problems in a country, a government will do its legitimate best in certain areas and it ends and another government will continue,” Adesina added.

According to a report released last month by the National Bureau of Statistics, food index increased by as much as 21.03% year-on-year in July 2021. Food items driving the current inflationary pressure in the country include bread, beans, cereals, milk, cheese, eggs, fish, soft drinks, vegetables, oils, potatoes, yam and other tubers.

The data also showed that some of the food prices soared by at least 60%, mostly attributable to the initial closure of land borders in 2019, the pandemic lockdown in 2020 as well as the banditry and kidnapping ravaging the country. Countless farmers have been slaughtered on their farmlands while others have been raped by marauders. Many farms have been abandoned due to the farmer-herder crisis in the country.

Nigeria’s Eurobonds Debts Rise By $9.37bn In Five Years

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Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of December 31, 2020, indicating a $9.37bn or 625 per cent increase in five years.

The debt stock remained at $1.5bn from 2015 to 2016, but rose to $6bn by 2017, indicating a $4.5bn or 300 per cent rise within a year.

It further rose to $10.87bn in 2018, signifying an increase by $4.87bn or 81 per cent.

It remained at this figure till the end of 2020.

However, the Federal Government still intends to seek more funding through Eurobonds, which would increase Nigeria’s Eurobonds debt stock.

The Federal Government had appointed transaction advisers to facilitate the issuance of Eurobonds in the international capital market, according to a statement issued by the Debt Management Office.

The institutions approved by the Federal Executive Council as transaction advisers include JP Morgan, Citigroup Global Markets Limited, Standard Chartered Bank, Goldman Sachs, Chapel Hill Denham Advisory Services Ltd, FSDH Merchant Bank Ltd, White & Case LLP, and Banwo& Ighodalo.

The DMO said it would speed up Eurobonds issuance activities based on the transaction advisers ‘approval, with the issuance of Eurobonds raising funds for the New External Borrowing of N2.34tn (about $6.2bn) provided in the 2021 Appropriation Act to partly finance the deficit.

Just In: Akpabio Hands Over Final Forensic Audit Report To Buhari

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President Muhammadu Buhari has finally received the much-awaited final report of the forensic audit of the Niger Delta Development Commission (NDDC).

The report was received by the Minister of Justice and Attorney General of the Federation (AGF) Abubakar Malami on behalf of President Buhari.

Handing over the report to Buhari, Thursday in Abuja, the Minister of Niger Delta Affairs, Sen. Godswill Akpabio disclosed that the auditors have concluded the examination and documentation of a total 13,777 contracts for projects and programmes awarded to Contractors and consultants in all Niger Delta States from 2001-August 2019, at a total final contract value of N 3,274.206,032,213.24.

According to Akpabio, the name and identity of a vast number of beneficiary companies were also captured as well.

His words: “Via Field Verification, the Forensic Auditors established the exact status of all contracts for projects and programmes in all constituent states during the period under review classified into completed, ongoing, abandoned, terminated, taken-over and non-existence.”

The Minister disclosed that the auditors also focused on funding gaps, Irregularities, mismanagements and Due Process Violations/Conflicts of interest.

He went on: “A Personnel Audit and Review of the governance and organisational structure of NDDC was also carried out.

An operational guideline/Manual and a fit-for-purpose organogram that would aid the transformation of NDDC to a globally competitive development agency has been developed as well.

“Available financial records of the commission were analysed with the aim of establishing the total amount of funds received by the Commission from all sources, both statutory and non-statutory and the total funds and other resources paid to contractors as well as the total amount outstanding as debts with regards to such projects within the period under reference.

“The Auditors have also provided policy recommendations, in terms of measures that should be taken to ensure the prevention of such irregularities and mismanagement, going forward.

“With utmost respect Sir, I crave the indulgence of Your Excellency that

after my speech, the Lead Forensic Auditors will present to you a quick summary of their Findings and Recommendations.”

Nigeria Partners ADB, Others To Create Special Agro-Industrial Processing Zones

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Nigeria’s federal and state governments have expressed overwhelming support for an initiative to create Special Agro-industrial Processing Zones (SAPZ) – public-private partnerships aimed at developing priority value chains through developing infrastructure in rural areas, focused on finishing and transforming raw materials and commodities.

At a high-level briefing session held on Monday, Minister of Finance, Budget, and National Planning Zainab Shamsuna Ahmed, who hosted the meeting, reaffirmed the federal government’s commitment to put in place enabling policies and incentives to attract private sector investment in the zones, to ensure successful implementation.

“The federal government is committed to successfully implementing the programme to increase agricultural production, reduce poverty, and scale up job creation across the country,” Ahmed said.

The Nigeria Special Agro-industrial Processing Zone programme consists of four mutually reinforcing components – infrastructure development and agro-industrial hubs management; agriculture productivity and production; policy and institutional development; and programme coordination and management.

Ahmed said all 36 States in Nigeria and the Federal Capital Territory would be eligible to participate in the SAPZ programme. In addition to the Federal Capital Territory and 7 states – Kaduna, Kano, Kwara, Imo, Cross River, Ogun and Oyo – participating in Phase 1, several other states have indicated interest in the SAPZ programme. These include Bauchi, Lagos, Niger, Jigawa, Ekiti, Lagos, Taraba, Benue, Sokoto, Ondo, Nasarawa, Gombe and Kogi.

Study Finds Christian Schools Fared Better Than Public Schools During Pandemic

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According to a new study, Christian schools excelled in performance over public schools during the pandemic.

The survey was released by Herzog Foundation, a Christian organization that seeks to provide Christ-centered K-12 education.

Results found that while 80 percent of Christian school parents expressed satisfaction with their child’s education, 55 percent of parents of public-school kids were satisfied with forty-one dissatisfied with their child’s education in public schools.

The study also found a large discrepancy between Christian and public schools when it came to school closings during the pandemic. For instance, 26 percent of Christian school parents said that their schools never closed, while only 8 percent of public parents said the same thing.

The chairman of the Herzog Foundation, Todd Graves, explained that the survey found that during the pandemic, Christian school parents found it easier to manage their child’s time, communicate with teachers, manage their child’s assignments, and were better able to keep up their child’s morale than the parents of children in public schools.

He said that as a result, while just over half of public school parents reported being satisfied with their child’s education in 2020, 80 percent of Christian school parents were satisfied.

Graves also noted that parents across the country are worried about public schools implementing Critical Race Theory in their curriculums. According to the survey, 70 percent of respondents disagree with schools teaching their children CRT and concepts that say, “white people are inherently privileged and black people and others are oppressed.”

Moreover, 80 percent of parents do not feel that schools should teach that attaining racial justice “requires discriminating against white people.”

Graves said that while America’s parents may disagree on a great deal, they are united in the belief that many of the central tenets of critical race theory should not be in the classroom – whether that classroom is funded privately or publicly.

The survey results come after separate data found that more parents are transitioning their children to homeschooling either because of what’s being taught in public schools or because parents want their kids to have a more faith-based curriculum.

Home Educators Association of Virginia’s director of homeschool support and government affairs, Yvonne Bunn, told journalists that the state has seen over a 48 percent increase in homeschoolers for the last school year going from 44,000 to 65,000 homeschoolers.

Bunn also noted that parents who have been working from home want to continue to do so in order to teach their children.

Transgender Policy Dispute: Virginia Supreme Court Upholds Order To Reinstate Suspended Teacher

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The Virginia Supreme Court has upheld an order to reinstate a Christian teacher in his attempt to stay employed at his school after he was suspended for speaking out against a proposed LGBT policy.

The state high court upheld the lower court decision that had ordered Loudoun County Public Schools to reinstate Leesburg Elementary School physical education teacher Tanner Cross, who had attended a May school board meeting and spoke out against the proposal, saying it would damage children.

The proposal requires staff to use the name and pronouns that a student prefers, even if it differs from their birth certificate and biological sex.

It also allows students to use restrooms and locker rooms and play on sports teams that match their gender identity.

The Virginia Supreme Court in a 14-page decision, ruled “We believe Cross has a strong claim to the view that his public dissent implicates ‘fundamental societal values’ deeply embedded in our Constitutional Republic.”

The state high court said Cross was opposing a policy that might burden his freedoms of expression and religion by requiring him to speak and interact with students in a way that affirms gender transition, a concept he rejects for secular and spiritual reasons.

The high court ruled that “Under such circumstances, Cross’ interest in making his public comments was compelling”.

Alliance Defending Freedom (ADF), which is representing Cross, asserted that the school violated his religious liberty.

Cross was suspended after telling the board meeting in May, “I’m a teacher, but I serve God first. And I will not affirm that a biological boy can be a girl and vice versa because it is against my religion. It’s lying to a child. It’s abuse to a child.”

ADF senior counsel Tyson Langhofer, director of the ADF Center for Academic Freedom while applauding the court’s ruling, said “Teachers shouldn’t be forced to promote ideologies that are harmful to their students and that they believe are false, nor should they be silenced for commenting at a public meeting.”

“The lower court’s decision was a well-reasoned application of the facts to clearly established law, as the Virginia Supreme Court found. … Public employees cannot be forced to contradict their core beliefs just to keep a job.”

In a related development, Two Virginia public school teachers are suing their school district over a new transgender policy that requires employees to use the chosen pronouns and names of students who identify as transgender.

The teachers argue that children should not be encouraged to “undertake social or medical transition” because of their inability to assess long-term consequences of such treatments as puberty blockers, hormone replacement therapy and sex-reassignment surgery.

The complaint says “Administering treatment for gender dysphoria in lieu of diagnosis and treatment of other mental health conditions is harmful to children with such conditions, especially if the child is in the statistical majority of cases where the gender dysphoria will desist.”

The two teachers are Loudoun County High School history teacher Monica Gill and Smart’s Mill Middle School English teacher Kim Wright.

WASSCE Practical: 322 Public Schools Receive Science Materials From Lagos State Government

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The Ministry of Education in Lagos State has distributed various science practical materials and chemicals across the 322 Public Senior Secondary Schools in the state, for the ongoing West African Senior School Certificate Examination (WASSCE).

The Commissioner for Education, Folasade Adefisayo, disclosed this in a statement, signed by Assistant Director, Public Affairs in the ministry, Ganiu Lawal.

The Commissioner said that the gesture is part of the state’s investment and continuous process to the progress of academic activities, particularly for the students.

She said the distribution of science materials is in consonance with efforts to promote Science, Technology, Engineering, Arts and Mathematics (STEAM) education in schools.

The commissioner added that the state government had approved payment of N700 million as registration and WASSCE fee for 51,187 students sitting for the examination in tandem with the free education policy of the state government as sustained by the Sanwo-Olu Administration.

Adefisayo said the state has also provided several science practical materials for subjects like Physics, Chemistry, Biology and Agricultural Science for over 46,236 students sitting for this year’s examination.

She said that various chemicals, substances and consumables used for practicals cost the state government over N80 million.

She reaffirmed the government’s commitment to the advancement of STEAM which has resulted in the government constantly making provision of standard science laboratories in schools across the state, not only renovating laboratories in some schools but also building additional ones.

Adefisayo advised the students to do their best in the examination adding that it is a very critical phase that determines the career path they intend to pursue and the government has reduced the burdens on their parents.

Bakassi Returnees Calls For Government Aid In Returning Children To School

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The head of the Bakassi Returnees in Cross River, Etim Ene, has appealed to the federal and Cross River Government to assist them return their children to school.

Ene made the appeal in an interview with the journalists in Calabar.

He said, as displaced people, it was hard for them to afford the education of their children both at the primary and secondary school level.

The Director-General of the State Emergency Management Agency (SEMA), Princewill Ayim, said that Cross River State has about 111,204 registered displaced persons and the state does not have the resources to take care of all of them at once.

He said the state is faced with communal clashes over land, refugees’ situation and those affected by flood, as well as other natural disasters, adding that the governor has been putting in a lot of efforts to ameliorate the situation but the number is growing every day, making the situation complex.

Ayim commended organisations like the Nigerian Maritime Administration and Safety Agency for their support to displaced persons, and appealed to others to do the same.

The Bakassi Peninsula, which was part of Cross River State and Akwa Ibom, was ceded to Cameroon on August 14, 2008, following a ruling by the International Court of Justice.

The federal government, since then, has embarked on several initiatives to effectively assist Nigerians displaced from that region.