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Migration Management Key To Economic Growth – Obaseki

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Nigeria Immigration Service
  • Migration Management Key To Economic Growth – Obaseki

There are about 1, 490 illegal entry point in Nigeria which have been contributing to illegal migration into the country, according to the Edo State Governor, Godwin Obaseki, who seeks closure and tight security in order to curb treacherous activities of some illegal migrants.

Obaseki, while declaring open the 2019 Comptroller-General of Immigration’s Annual Conference in Benin-city, Edo State capital, which was themed “‘Migration Management in a Developing Economy; the Role of NIS’, said Nigeria needs to emulate other countries when it comes to border security as it affects the nation’s economy.

He added: “Some of these illegal migrants commit crimes in the country, as some even have the Nigerian voter’s card. It is worthwhile for any country to develop a policy on migration as it is necessary to manage a country’s economy.”

Delivering a paper entitled: ‘Government’s Effort at Curtailing Irregular Migration: The Edo Experience’, Obaseki assured that the State will support policies aimed at reducing illegal migration.

He listed four modalities put in place by the state to combat illegal migration to Europe, which include Returnees Management; Resettlement and Reintegration; Advocacy and Awareness Promotion; Promotion of Human Rights and Development of the state economy.

The State Governor applauded the new security measure put in place by the Nigeria Immigration Service (NIS); the introduction of the National Biometric Identity Card for Intra-ECOWAS Travel and Biometric Registration of foreign nationals.

Responding, the Comptroller-General of NIS, Muhammad Babandede, commended the Edo State Government for its efforts and commitment in the fight against human trafficking in the state.

“It is not wrong to travel but, what is important is to manage it so that the travellers, the state and federal governments, as well as the destination countries would benefit from migration,” he said.

Meanwhile, the Minister of Interior, Rauf Aregbesola has hinted that the Federal Government is making moves to introduce a better technology for the issuance of the Nigerian Passport that would not require physical contact between the passport seeker and passport provider.

Economy

Egypt Leads Nigeria, South Africa in Foreign Direct Investment

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Global debt

Egypt Leads Nigeria, South Africa in Foreign Direct Investment

The United Nations Trade Association has Nigeria recorded a total of $2.6 billion in Foreign Direct Investment (FDI) in 2020, below the $3.3 billion posted in the preceeding year.

South Africa, Africa’s most industrialised nation, reported $2.5 billion during the same year, slightly below Africa’s largest economy and 50 percent below the $4.6 billion attracted a year earlier.

The report also noted that Africa recorded a total of $38 billion FDI in the same year, representing a 18 percent decline from the $46 billion posted in the corresponding year of 2019.

However, Egypt led Nigeria and South Africa with $5.5 billion FDI, an increase of 38 percent from the preceeding year.

The report read in part, “FDI flows to Africa declined by 18% to an estimated $38 billion, from $46 billion in 2019. Greenfield project announcements, an indication of future FDI trends, fell 63% to $28 billion, from $77 billion in 2019. The pandemic’s negative impact on FDI was amplified by low prices of and low demand for commodities.

UNCTAD also noted that global foreign direct investment declined by 42 percent to an estimated $859 billion, down from $1.5 trillion in 2019.

The decline was concentrated in developed countries, where FDI flows fell by 69 percent to an estimated $229 billion. Flows to Europe dried up completely to -4 billion (including large negative flows in several countries). A sharp decrease was also recorded in the United States (-49%) to $134 billion.

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Economy

FG to Partly Fund Six Rail Projects Connecting All Regions

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rail project

FG to Partly Fund Six Rail Projects Connecting All Regions

The Federal Government will pay a total sum of N71 billion to partly fund six rail projects connecting all regions of the country.

In the report obtained from the Federal Ministry of Finance, Budget and National Planning, the six rail projects marked for development this year are Lagos-Kano rail line (ongoing), Calabar-Lagos (ongoing), and Ajaokuta-Itakpe-Aladja (Warri).

Others are the Port Harcourt-Maiduguri railway, the new Kano-Katsina-Jibiya-Maradi line in Niger Republic and the Abuja-Itakpe and Aladja-Warri Port and refinery/Warri new harbour.

The Buhari administration will also spend N15.1 billion on the development of safety and security of critical projects, airport certification, runway construction, terminal building, among others in the aviation sector in 2021.

Last week, Rotimi Amaechi, Minister of Transportation, said the Lagos-Kano line would be connected from the Ibadan end of the Lagos-Ibadan railway and would cost $5.3 billion.

We are waiting for the Chinese government and bank to approve the $5.3bn to construct the Ibadan-Kano. What was approved a year ago was the contract,” the minister said.

He added, “The moment I announced that the Federal Government had awarded a contract of $5.3bn to CCECC (China Civil Engineering and Construction Corporation) to construct Ibadan-Kano, people assumed the money had come in; no.

“We have not got the money, which is a year after we applied for the loan. We have almost finished the one of Lagos-Ibadan. If we don’t get the loan now, we can’t commence.”

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Economy

FG Launches E-ticketing Platform to Deepen Train Usage and Convenience

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FG Launches E-ticketing Platform to Deepen Train Usage and Convenience

In a bid to improve the usage and enhance the convenience of train transport in Nigeria, the Federal Government on Thursday announced the launching of the Electronic Ticketing platform for the Kaduna-Abuja rail services.

The N900 million E-ticketing platform was introduced by the Minister of Transportation, Chibuike R. Amaechi, and the Nigerian Railway Corporation.

Amaechi said the new platform would improve efficiency, promote accountability, reduce leakage and enhance economic growth, as well as save time.

The E-ticketing platform was a Public-Private Partnership project done in conjunction with Secure ID Solutions, who provide and would manage the system for 10 years in an effort to recoup its investment before the Nigerian Railway Corporation take charge.

Kofo Akinkugbe, the Chief Executive Officer, Secure ID Solutions, said as the new E-platform issued 25,000 tickets after a successful pilot test on Thursday.

Potential Travelers can book via three ways:

1. Mobile app
2. Website
3. POS or Cash at the station

A validator would be used to scan the ticket barcode to ascertain its authenticity before boarding.

Amaechi further announced that self-service ticket vending machines at various train stations would be introduced soon.

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