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We Lack Government Support, Auto Parts Dealers Lament



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  • We Lack Government Support, Auto Parts Dealers Lament

The Automobile Spare Parts and Machinery Dealers Association says the industry has not recorded growth as much as it should due to the lack of government support.

The President, ASPMDA Nigeria, Offorkansi Ebubedike, said auto parts dealers had the capacity to boost the country’s economy if given the necessary support.

Ebubedike, who was represented by the Secretary, Foreign Trade and Investment Committee, ASPMDA, Leo Okoye, at the recently concluded Lagos Motor Fair, said the Federal Government, through the Ministries of Technology, Trade and Investment or the National Automotive Council ,should open industrial hubs to take care of auto spare parts manufacturing for export.

He said, “We cannot move to greater heights without the support from government. Double taxation, multiple administrative bottlenecks in our seaports, bad road network and high interest rates are the clog on our wheels of progress.

“Our containers are left unattended to for months accumulating huge demurrages. Government should look into these areas; solve the ailing problems to pave way for our positive contribution in the economy.

“Sub-Saharan Africa depends on us for vehicle spare parts sourcing and procurement. On the West and Central Africa, we move our products through land borders while East and Southern Africa convey their goods by sea, through Lagos.”

He also urged the Federal Government to look into the relationship between the industry and China.

“Chinese visitors entering Nigeria found it easy on the grounds that when they purchase their flight tickets, they fly into our borders to get visas at less than $150.00. But on our part, the Chinese Consular deny and frustrate Nigerians in the issuance of travel visas,” he added.

According to him, the development has made some importers to start engaging exporters from Vietnam, Thailand and Indonesia, who are willing to issue travel visas.

He said, “The Federal Government should come quickly to our aid, address these anomalies that limit our success in order to achieve greatness and to contribute immensely to our economy.

“The economy of Thailand thrives on agriculture and motor spare parts production for export. United Arab Emirates do not produce auto spare parts components and yet, they are the major player in the Middle East. Here in Nigeria, with all the support needed, we can move Africa and surprise the world.”

The Chairman, Organising Committee of the Lagos Motor Fair, Ifeanyichukwu Agwu, said the automotive industry could generate revenue and create enormous employment.

“No serious government toys with it. It is a sector that affects virtually everything. If it is not rightly re-positioned now, it will in the very near future negatively affect a whole lot in the life of the people and economy. Government should therefore parley seriously with the sector stakeholders to see how it could be made better,” he added.

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

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FG Introduces NEXIT Portal for Npower Batch A and B Beneficiaries



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The Federal Government has introduced a new online portal for exited Npower beneficiaries of batch A and B.

According to the Minister for Humanitarian Affairs, Sadiya Farouq, the portal was launched in collaboration with the Central Bank of Nigeria (CBN) to enable exited Npower beneficiaries apply for available federal government empowerment options.

This was disclosed in a statement issued by Nneka Anibeze, the media aide to the minister, on Friday.

The ministry said the NEXIT portal will be used to determine the suitability of exited beneficiaries for various CBN-affiliated programmes.

She explained that selection will be based on the conditions and criteria set by the apex bank.

Ms Farouq, therefore, urged interested exited Npower beneficiaries to log on to the NEXIT portal and provide the required additional information for possible placements into central bank’s intervention options.

The Minister expressed her deep appreciation to the CBN Governor Mr Godwin Emefiele CON for his support adding that the Ministry of Humanitarian Affairs remained committed to the vision of Mr President to lift 100 million Nigerians out of poverty in the next 10 years.

“Minister Umar Farouq pledged the Ministry’s willingness to collaborate with relevant agencies of government and other stakeholders towards the realization of that vision and congratulated the exited beneficiaries while wishing them well in their future endeavours.

“The Federal Government of Nigeria is very proud of the milestones you have achieved during your period of service to the nation. As we prepare to exit into prospective endeavours.”

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Ellah Lakes Partner Ondo State Government to Develop Oil Palm, Cassava in the State



The management of Ellah Lakes Plc said it has partnered with Ondo State Government to develop and manage 5000 hectares of land for the purpose of cultivating oil palm and cassava in Ondo State, Nigeria.

The company stated in a statement signed by Kenechi Ezezika, Company Secretary, Ellah Lakes Plc.

Speaking on the development, the Chief Executive Officer, Chuka Mordi said: “This is a significant landmark for the Company in the development of our landbank, & we are very excited to be working with ODSG.

I am delighted that we are fulfilling our strategic objective of progressively expanding our land bank & diversifying our portfolio and production base. I am also glad to say that the intercropping programme in Edo State is progressing steadily & we have achieved our first milestone of 100Hectares of Cassava with the participation of personnel of the Agricultural Development Program (ADP), in Edo State”.

The Special Adviser on Development & Investment to the Ondo State Governor/ Chief Executive Officer of Ondo State Development and Investment Promotion Agency (ONDIPA), Mr. Akinboye Oyewumi, who also spoke on the development said: “We are pleased with this collaboration with Ellah Lakes Plc., and we look forward to a mutually beneficial, valuable and fruitful venture.”

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Unilever Nigeria Appoints Mr Jaime Aguilera as a Non-Executive Director



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Unilever Nigeria Plc announced it has appointed Mr. Jaime Aguilera as a Non-Executive Director of the company effective from January 2021.

The company stated in a statement filed with the Nigerian Stock Exchange.

Mr Jaime Aguilera worked with Coca-cola, Nestle and Procter & Gamble before joining Unilever as Executive Vice President Unilever Eastern Europe in September 2016.

Therefore, his experience spans from Europe, Americas and Asia.

His key expertise areas are “in Sales & Marketing and he has lead teams in Spain, Brazil, South Eastern Europe, Middle East, Mexico and Global teams.

“In 2009, he joined Unilever Spain as EVP & Chairman and then moved to his current role as Unilever Executive Vice President Africa, leading the Unilever business in Africa. Jaime is of Spanish origin and is an alumnus of the Universidad Pontificia de Comillas- ICADE. Jaime majored in Economic Sciences, Management & Business Administration.”

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