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World Trade Organisation DG, Okonjo-Iweala Makes First Official Visit To Nigeria

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Financial Inclusion

Director-General, World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, yesterday arrived in Nigeria on a 4-day official visit aimed at enhancing trade and improving the Nigerian economy.

The News Agency of Nigeria (NAN) reports that Okonjo-Iweala, who assumed duty on March 1, 2021, as the new Director-General of the WTO, is also in Nigeria to express appreciation to President Muhammadu Buhari and hold talks on how to stimulate economic activities.

Speaking to journalists on arrival, Okonjo-Iweala, said the objective of her visit was to see how the WTO could better assist Nigeria and her entrepreneurs on improving the economy.

On Nigeria’s share of trade in Africa, she expressed optimism that Nigeria could use the African Continental Free Trade Area (AfCFTA) to boost trade and investment.

“And to do that we have to improve our investments and add value to some of our products, because the AfCFTA is a unique opportunity for us to be able to engage commercially with other African nations to boost export.

“When you boost export, you create more jobs. We are also going to talk about the digital economy and how young people are accessing the internet for e-commerce, those are some of the issues and more activities we can create to support that,” she said.

Dr Nasir Sani-Gwarzo, Permanent Secretary, Ministry of Industry, Trade and Investment, noted that it was a unique moment and opportunity to thank the world for supporting us to achieve this feat of having a Nigerian as the head of the WTO.

“We have received a lot of support from many countries, we appreciate them.”

Her visit is specifically to start from home to say thank you to the President and Nigerians who supported her from home and in the Diaspora.

“Tremendous support has gone into the process and we are grateful that she emerged, after a very thoroughly contested process as the D-G. It is a proud moment for Nigeria, for herself and also for women in the world,” Sani-Gwarzo said.

According to the programme of the visit, on Monday, March 15, she will be meeting with the President and the Chief of Staff to the President at the presidential villa, and later hold a meeting with the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, and Minister of state, Mariam Katagum at the ministry.

On Tuesday, March 16, Okonjo-Iweala will be meeting with the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, after which she will meet the Presidential Task Force on COVID-19, among others.

She will proceed to a meeting with the Captains of Industry, which will be followed by a Press Conference at Transcorp Hilton, Abuja.

Furthermore, on Wednesday, March 17, the WTO D-G will hold a meeting with the Women Entrepreneurs, SheTrade, and operators of Micro, Small and Medium Enterprises (MSMEs), followed by a press conference with some ministers.

A dinner and reception in honour of Okonjo-Iweala will hold at Transcorp Hilton, Abuja, to round-off the visit. (NAN)

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Government

NIMC: Presidential Council Faults N1000 NIN Fee, Demands Review 

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The recently announced N1000 National Identification Number (NIN) verification fee for the application, issuance and renewal of international passports by the National Identity Management Commission (NIMC) has been criticised.

The Presidential Enabling Business Environment Council, PEBEC faulted the mandated charge and called for a review.

Investors King had earlier reported that NIMC declared that Nigerians living in the country will pay N1000, while Nigerians residing in other African countries will pay $3 or its equivalent in other currencies and those in other continents across the world will pay $10 or its equivalent in other countries as NIN verification fee for application, issuance and renewal of their international passports.

Reacting to the development, the Special Adviser to the President on Ease of Doing Business/PEBEC Secretary, Jumoke Oduwole, in a statement, emphasised the need for a review to make citizens enjoy quicker and less expensive government services.

Oduwole, who commended the collaboration between NIMC and Nigerian Immigration Service (NIS), said such a partnership will enhance passport services.

She noted that stakeholders are not impressed with the extra charge to be paid for the NIN verification before they can process their passports.  

According to her, the outline of the Business Facilitation (Miscellaneous Provisions) Act 2022 signed into law by the President Muhammadu Buhari on February 8, 2023 states that where an applicant requires the service of a ministry, department or agency, the MDA involved is mandated to conduct the necessary verification or certification from relevant MDAs, in respect of the applicant.

Investors King understands that PUBEC was set up in 2016 by President Buhari with the aim of curbing hectic bottlenecks and bureaucratic limitations accompanied with owning and managing business enterprises in Nigeria. 

The chairman of the council is the vice president, Prof. Yemi Osinbajo. PUBEC has since its existence periodically issued EO1 Compliance Reports containing monthly reports of Ministries, Departments and Agencies submitted to the council.

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INEC Considers Postponement of Governorship and State Assembly Elections Amidst Legal Battles

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BVAS Machine

The Independent National Electoral Commission (INEC) is currently considering the possibility of postponing the upcoming governorship and state assembly elections, following the legal battles that have arisen from the recent presidential and national assembly polls.

INEC is expected to make a decision on the issue during a meeting of its national commissioners, scheduled for Wednesday night.

Investors King understands that the legal battles revolve around the extraction of data embedded in the bimodal voter accreditation system (BVAS) and the inspection of other election materials.

The presidential candidate of the Labour Party (LP), Peter Obi, and the standard bearer of the Peoples Democratic Party (PDP), Atiku Abubakar, have filed similar applications seeking to obtain the certified true copy (CTC) of all the data in the BVAS.

INEC has opposed the applications, arguing that granting them would affect its preparations for the forthcoming elections.

Tanimu Inuwa, counsel to INEC, has asked the court to vary the orders granting permission to Obi and Atiku to inspect all the sensitive materials used in the conduct of the presidential election.

However, the court has refused to grant INEC’s request, stating that the commission failed to specify which of the orders it wished to vary.

The court has clarified that it granted Obi and LP permission to do electronic scanning and/or make photocopies of voter registration and ballot papers used in the conduct of the election, and not permission to access the database of INEC, as misconceived by the electoral body.

Given the legal battles and the possible impact on preparations for the forthcoming elections, INEC is now considering postponing the governorship and state assembly elections.

This decision, if taken, would have significant implications for the electoral process and could further heighten tensions in the country.

The ongoing legal battles highlight the need for all stakeholders to work together to ensure a free, fair and credible electoral process. It is essential that INEC and other stakeholders prioritize the integrity of the electoral process over political expediency and work towards resolving these legal disputes in a timely and transparent manner.

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FG Estimates N869bn For 2023 Census, Seeks Financial Aid

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population

The Federal Government has totalled the fund needed for the conduct of the 2023 population and housing census as N869bn.

Investors King reports that Nigerians and organisations have been called upon to donate N327.2bn out of the estimated cost as the government already made provision for N291.5bn.

The Minister of State for Budget and National Planning, Clem Agba, during a dialogue with partners for the census in Abuja on Monday, stated that the FG plans to set up a basket fund to collect donations.

Agba noted that the basket fund will be coordinated by the United Nations Population Fund (UNFPA) who will provide technical and financial support to the National Population Commission (NPC).

He appealed to well-meaning citizens and private sectors to either donate cash or essential materials needed for the national census.

The minister gave the breakdown of the estimated cost; “The total requirement for the census (including post census activities) is N869bn ($1.88bn): census requirement – N626bn ($1.36bn) which is about $6 per capita (just slightly above the threshold of up to $5 per capita); Post-Census (up to 2025) is N243bn ($527m).

“So far, the government has committed N291.5bn ($632m) to the census, making it 46 per cent of total funding for the census. An additional (immediate) sum of N327.2bn ($709.9m) is required to complete the census.”

Agba stated that the national headcount was scheduled to hold in 2022 but was shifted to March, 2023, adding that there is a recommendation for it to be moved to May 2023.

He recalled that the last census was done in 2006 and the next ought to be held in 2016 as recommended by the United Nations for Decennial census.

In her remarks, the Resident Representative, UNFPA, Ms Ulla Mueller, harped on the need to take the census seriously to stop guessing the present population of the country.

She stated that UNFPA will support the census exercise financially and technically to the tune of $10m.

Also, the Chairman, Heirs Holdings Group and Founder, The Tony Elumelu Foundation, Tony Elumelu, on behalf of the Organised Private Sector and African Philanthropic Organisations spoke on the urgent need for the census to accurately plan based on the needs of the citizens to boost the nation’s development.

“For me, this task is critical to our country’s future – if we do not know our population, we cannot properly plot our developmental path, our economic growth, our society’s goals. Credible demographic data is of profound importance for the public and private sectors alike.  We all know we live in a data-driven world.

“The upcoming census is a significant milestone in Nigeria’s development, as it provides an opportunity to collect accurate and reliable data on the country’s population and housing, which will serve as a vital tool for policymakers, private sector actors, and civil society organisations,” he said.

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