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FG to Implement New Import-export Guidelines Jan 1 – Adeosun

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  • FG to Implement New Import-export Guidelines Jan 1 – Adeosun

The Federal Government is to commence the implementation of the 2017 Revised Import and Export Guidelines on January 1, 2018, as part of its policy of enhancing the ease of doing business in the country.

Henceforth it will mandatory for both imports and exports to be palletinised in containers as done globally.

The Minister of Finance, Mrs. Kemi Adeosun, said this at a sensitisation workshop on the 2017 Revised Import and Export Guidelines in Lagos on Thursday.

She explained that the date was fixed after due consultations with relevant stakeholders and assured that imports already prepared for shipment into the country were not affected.

The minister, who was represented by the Director, Home Finance Department in the ministry, Mrs. Olubunmi Siyanbola, said that the Federal Government had considered all concerns expressed by the trading public regarding the palletisation policy.

Adeosun said, “After due consultations with the relevant key stakeholder MDAs, the effective date for full implementation of the guidelines was agreed upon, taking into account the need to give allowance for imports already prepared for shipment into Nigeria. In this note, I wish to announce that the Export and Import Guidelines will be fully implemented with effect from 1/1/2018.

“However, goods already loaded for shipment to Nigeria prior to this date will not be affected by the palletisation policy.’’

The workshop was organised by the finance ministry in collaboration with the technical committees of the Nigeria Export Supervision Scheme and the Comprehensive Import Supervision Scheme.

Adeosun explained that the review of the Nigerian Export and Import Guidelines was motivated by the desire of the present administration to deepen ease of doing business in Nigeria, in line with the Executive Order 1.

According to her, attention has been focused principally on measures to ensure drastic reduction in time spent on processing of exports, ensure 24 hours clearance of imported cargoes and block leakages of revenue accruable to the government.

In a statement issued by the ministry, Adeosun recalled that Nigeria had moved to the 145th position out of the 190 countries in the World Bank’s Ease of Doing Business Index for 2018.

She said the government had adopted a number of measures to improve trading across the country’s border.

Speaking earlier, the Permanent Secretary, Ministry of Finance, Dr. Mahmoud Isa-Dutse, noted that until the recent review, the Export and Import Guidelines had become obsolete and had constituted a huge administrative impediment to smooth export and import operations in Nigeria.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Appointments

Siemens Energy Nigeria Appoints Seun Suleiman as Managing Director

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Seun Suleiman is the New Managing Director of Siemens Energy Nigeria

Mr. Seun Suleiman is the new managing director of Siemens Energy Nigeria, the company announced on Wednesday.

According to the statement released by the energy company, Suleiman will be responsible for the entire management of operations and decisions on business policies and corporate strategy.

Commenting on his appointment, Suleiman said, “It is an absolute honor to lead the business for Siemens Energy Nigeria and I look forward to delivering on the brand’s promise of excellence.

Suleiman joined Siemens Energy in 2014, bringing over 15 years’ experience and deep expertise in the private sector across Europe and West Africa.

The statement said, “He is an accomplished business strategist and success-driven leader with strong business acumen. Suleiman has also been a core member of the executive management team at Siemens Energy serving in roles as Sales Director West Africa – Service Distributed Generation Oil & Gas and Vice President Service & Digital.

“Prior to this, he also held various functional and managerial positions with ABB Ltd UK, ABBNG Nigeria, Schneider Electric Nigeria and Dresser-Rand Nigeria Ltd.

It added that Suleiman was experienced in establishing operational excellence with specific competence in the power, oil and gas sectors.

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FG Reopens Osubi Airport Warri for Daylight Operations

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FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm

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Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm

JR Firms, an agribusiness firm with headquarters in Nigeria, has announced partnership with Sanit Wing Rwanda through the acquisition of 11 per cent stake in the company.

The CEO of the company, Mr Rotimi Olawale, explained in a statement that the partnership was in furtherance of its goals to ensure food security, create decent jobs and raise the next generation of agrarian leaders in Africa.

The stake was acquired through Green Agribusiness Fund, an initiative of JR Farms designed to invest in youth-led agribusinesses across Africa.

Sanit Wing Rwanda is an agro-processing company that processes avocado oil and cosmetics that are natural, quality, affordable, reliable and viable.

The vision of the company is to become the leading producers of best quality avocado and avocado by-products in Africa by creating value across the avocado value chain.

With focus on bringing together over 20,000 professional Avocado farmers on board and planting of three million avocado trees by 2025 through contract farming, the company currently works with One Acre Fund in supply of avocado to its processing facility.

The products of the company which include avocado oil, skin care (SANTAVO), hair cream and soap are being sold locally and exported to regional market in Kenya.

With the new partnership with JR Farms- the products of the company will enjoy more access to markets focusing on Africa and the European Union by leveraging on partnerships and trade windows available.

Aside funding, the partnership comes with project support in areas of market exposure, capacity building, exposure and other thematic support to grow the business over the next four years.

JR Farms has agribusiness operations in Nigeria, Rwanda, United States and Zambia respectively.

In Nigeria, the company deals in cassava value chain processing cassava to national staple “garri” which is consumed by over 80 million Nigerians on daily basis, while in Rwanda, it works in the coffee value chain with over 4,000 coffee farmers spread across the East Central African country.

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