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FG to eliminate multiple cargo, passenger examination

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FG to eliminate multiple cargo, passenger examination.

 

The Federal Government says measures have been stepped up to eliminate multiple cargo examinations, encourage priority and free movement of designated export containers to boost the volume of export.

The Secretary to the Presidential Enabling Business Environment Council (PEBEC), Dr. Jumoke Oduwole, stated this in Abuja at a session on the Midway National Action Plan (NAP) 7.0.

The session is pivotal for the trajectory of the 7th iteration of the 60 days accelerator NAP 7.0, and updates on the progress of the non-agro and agro export plan.

Oduwole, who is also the Special Adviser to the President on Ease of Doing Business, said implementation of the Designated Export Warehouse (DEW) project would fast track the process.

She said this was necessary to enhance drastic reduction in the current time for export cargo examination as well as congestion at the terminals and create space for new containers.

“A reform in the payment and verification process will boost Forex inflow from export if exporters have unfettered access to the foreign exchange proceeds earned by them.

“It is also pertinent to extend privileges given to Diaspora remittance to have free access to their foreign exchange.

“The essence of NAP 7.0 is also to ensure an increased volume of exports and volume of foreign exchange in the country.”

She explained that the Federal Government through PEBEC had set a 60-day export action plan as part of its efforts to make it easier for people to do business in the country.

The 60-days agro-export action plan is part of the priority reforms to be implemented by select ministries, departments, and agencies (MDAs), to drive ease of doing business in Nigeria.

It is expected that at the end of the 60-day window, MSMEs will experience enhanced ease of doing business in the country.

The action plan among other things is targeted at ensuring that perishable agricultural produce earmarked for export are allowed to move freely through our ports.

She said NAP 7.0 was designed to break away from the “lacklustre performance” of the previous plans, which saw the relevant ministries, departments and agencies (MDAs) perform below par at 44 and 43 percent.

“Indeed, the faithful implementation of the Agro-export plan is expected to boost the competitiveness of Nigeria’s agro-exports, and create jobs.

“It will also enhance Nigeria’s foreign exchange earnings and providing good rewards for the labours of farmers all across Nigeria,” she said.

While giving further explanation on the NAP 7.0. Agro-Export Reforms Midway Progress Report on Day 30 of 60, she expressed concern that some MDAs were making slow progress in terms of the reform.

She said there was a need for a collaborative approach for everybody to be on the same page.

“That is why we are very transparent because everybody needs to be on the same page to understand what issues are and what we are trying to achieve, where we are and where we hope to be.

“We need to be transparent and tell everybody that this is where we are today, right now some are at 22 per cent or 32 per cent, and we all knew what we can do.

“For whatever reasons, some MDAs are making progress and others are not, some have explained different reasons. Some are legitimate while others are not,” she said.

According to her, there is the possibility that some MDAs can do better and are not doing it.

“Whether we feel that there are challenges that are limiting them or we feel that there is apathy or something else. The challenges are not insurmountable.

“What we can do is to push, this is the midterm report and will be presented to PEBEC.

“We promised Nigerians that we will give the midway report, now as a team let all of us look at it together.”

She, therefore, called for the cooperation from all the MDAs to achieve the set target for NAP 7.0.

The National Daily reports that Oduwole was assisted by, David Uzosike Head of Technical Unit, PEBEC, Ayokunnu Ojeniyi, Project Manager of PEBEC and Toyin Bashir Head of Legal Cluster, PEBEC in the presentation of the report.

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SPORTS

CAF announces free e-visas for fans attending AFCON Morocco 2025

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CAF announces free e-visas for fans attending AFCON Morocco 2025
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The Confederation of African Football and the AFCON Morocco 2025 Local Organising Committee on Friday announced that fans travelling to the tournament will be eligible for free electronic visas.

The policy benefits citizens of countries that normally require a visa to enter Morocco.

“Electronic visas to enter Morocco — obtained through the YALLA app — are now free of charge for supporters attending the competition, which runs from 21 December 2025 to 18 January 2026,” CAF said in a statement on its website.

The governing body said the announcement comes amid growing global demand for Africa’s biggest football event, with more fans booking tickets.

It explained that fans need two documents, a fan identification and an e-visa, to stay in Morocco and enter football stadiums throughout the tournament.

“A Fan ID is mandatory for entry to all stadiums and official Fan Areas. Supporters can apply for both the Fan ID and e-visa in one place inside the YALLA app, streamlining travel and stadium access.

“The Fan ID application and e-visa request are completed seamlessly within the YALLA app, ensuring a faster, easier and secure experience for international visitors and local fans alike,” the statement added.

To apply, fans are urged to download the YALLA app on Google Play or the App Store, or visit the official YALLA website, complete the Fan ID form, and, if required, submit the e-visa request.

Once approved, supporters can purchase match tickets on the CAF ticketing platform.

“The new measures are designed to deliver a seamless, secure fan experience for Africa’s showpiece event that will be played across nine stadiums in six cities,” CAF said.

With Morocco hosting for the first time since 1988, the continent’s biggest football festival returns to North Africa amid high expectations, fierce rivalries, and a new generation of African stars ready to make their mark.

A total of 24 teams are expected to participate.

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CBN unveils phased overhaul of fixed income market to boost transparency

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The Central Bank of Nigeria (CBN) has announced a phased restructuring of the Nigerian Fixed Income Market as part of sweeping reforms to strengthen transparency, improve efficiency, and reinforce regulatory oversight across the country’s financial ecosystem.

In a circular signed by Okey Umeano, Acting Director of the Financial Markets Department, the apex bank disclosed that it will assume full control of both the settlement process and the trading platform for fixed income transactions beginning November 2025.

According to the CBN, this transition will allow the Bank to manage the trading environment directly while handling end-to-end settlement of fixed income instruments within its established financial market settlement system.

“This transition will enable the CBN to assume direct responsibility for the management of the trading platform and handle end-to-end settlement activities under the Bank’s established settlement system for financial market transactions,” the statement read.

To minimize disruption and ensure market stability, the reform will be implemented in carefully sequenced stages, with active involvement of key market stakeholders, particularly the Financial Markets Dealers Association (FMDA). The milestones for the first phase include:

READ ALSO: Fifth straight inflation drop sparks calls for CBN interest rate reduction

User Acceptance Testing (UAT): Scheduled for the second week of October 2025, to test the proposed settlement infrastructure.

Pilot Phase: A transitional phase to run alongside the current system, ensuring operational stability and user adaptation.

Go-Live 1 (Settlement Process): Full migration of fixed income activities to the new CBN settlement system, starting November 3, 2025.

Go-Live 2 (Trading Platform): Launch of the new CBN-sponsored trading environment for Primary Dealers, Market Makers (PDMM), Pension Fund Administrators (PFAs), and other approved market participants on December 1, 2025.

The apex bank emphasized that the reforms are designed to “strengthen market integrity, streamline operations, and establish a unified regulatory framework that ensures end-to-end visibility and supervisory oversight of fixed income transactions.”

Acknowledging the FMDA’s central role in market development, the CBN called for continued collaboration, stressing that stakeholder input would remain critical throughout the transition.

 

“We look forward to your continued partnership as we work together to deliver a more efficient, transparent, and resilient fixed income market,” the Bank stated.

The CBN assured participants that the transition would be coordinated to avoid disruptions and would ultimately serve the broader interests of market stability and economic growth.

The overhaul of the fixed income market is the latest in a series of regulatory reforms introduced by the CBN to strengthen Nigeria’s financial system. Just last month, the apex bank directed all Domestic Systemically Important Banks (DSIBs) to adopt early succession planning for Managing Directors/Chief Executive Officers (MD/CEOs) and top executives.

Under that directive, signed by Dr. Rita Sike, Director of the Financial Policy and Regulation Department, DSIBs must secure regulatory approval for the appointment of a successor MD/CEO at least six months before the expiration of the incumbent’s tenure. The move, according to the CBN, is aimed at bolstering corporate governance and reducing leadership uncertainties that could undermine financial stability.

By consolidating oversight of the fixed income market, analysts say the CBN is positioning itself to better support monetary policy transmission, strengthen market resilience, and drive long-term economic growth.

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Jandor joins 2027 Lagos governorship race, pledges loyalty to Tinubu’s leadership

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Olajide Adediran, popularly known as Jandor, has formally announced his intention to contest the 2027 governorship election in Lagos State, this time under the platform of the ruling All Progressives Congress (APC).

Jandor, who was the Peoples Democratic Party (PDP) governorship candidate in the 2023 polls, made the declaration on Wednesday, October 1, 2025, during an Independence Day address in Lagos.

The media entrepreneur-turned-politician emphasized that his ambition remains rooted in the drive to serve the people of Lagos, noting that he is determined to bring new energy into the state’s leadership.

“As for Lagos State, I am offering myself once again to serve. I’m indeed running for the Lagos governorship race in 2027,” he said.

Reflecting on his previous campaign, Jandor recalled the momentum he generated during the 2023 elections, which marked his first major political outing.

READ ALSO: JANDOR pays homage to Olubadan-elect, Oba Rasheed Adewolu Ladoja

He expressed optimism that, with the APC platform and the support of President Bola Ahmed Tinubu, he would be better positioned to actualize his vision for Lagos.

“When it was time for me to truly leave, I came all out, and we took Lagos by storm. Very soon, activities will begin to galvanize support from Mr. President and the party to ensure that whoever picks the APC governorship ticket in Lagos will have a strong run. Let me put this to rest: I am running in 2027,” he declared.

Jandor also used the occasion to openly endorse President Tinubu’s leadership, calling on Lagosians and Nigerians at large to rally behind the President for a second term in 2027.

“President Bola Ahmed Tinubu has proven his capacity to lead this country with vision and courage. I call on Lagosians and Nigerians at large to ensure he gets a second term in 2027 so we can all continue to benefit from his progressive leadership,” Jandor said.

His defection to the APC and fresh declaration are expected to reshape the political landscape in Lagos, setting the stage for what could become a highly competitive race ahead of the 2027 elections.

 

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