Connect with us

Business & Economy

CICTID woos participants for 2022 investment conference in Canada

Published

on

CICTID logo
Share

The Canadian International Conference on Trade, Investment and Development (CICTID), a private sector initiative, has unveiled plans for the CICTID 2022 investment summit in Canada.

Mr Wale Adesanya, CICTID Chairman, said in a statement on Monday in Lagos that the programme would take place from June 16 to June 19, 2022 in Toronto, Ontario, Canada.

Adesanya said the 2022 theme is “Sustainable Economic Collaboration and Investment in Humanity in a post-Pandemic World.”

According to him, the objective of CICTID is to explore opportunities for expanding the capability of and improving the competitiveness of developing countries in the area of trade, investment, and development.

“A private sector initiative, this is with a view to assisting in overcoming difficulties of the post-pandemic global economic climate to help integrate into the changing world economy,” Adesanya said.

Apostle Cornelius Babalola, CICTID Vice Chairman, shedding more light, said it was a multilateral forum that would grant participants the opportunity to partner countries as well as private companies involved in development.

“CICTID is a multilateral forum whose participants include not only African countries but also international organisations, partner countries, private companies and civil society organisations involved in development,” Babalola said.

He explained that the participants would be engaged in fruitful discussions on global/Africa/Asia/south America development, bringing together a broad range of global knowhow and efforts of the international community.

“CICTID will provide an open forum that generates innovative discussion among various stakeholders on their development,” Babalola added.

He said that CICTID 2022 promises to offer opportunities for capacity development, financial options for international partnerships and collaborations, entrepreneurship training and exchange skill programmes.

According to him, it will offer opportunities for small and medium scale businesses, presentations and networking opportunities for off-takers of exportable products, both existing and startup levels.

He said that the event would be a hybrid that includes online access and in-person participants/ investors and individuals or businesses looking for potential investors.

Babalola charged the Nigerian government to mobilise its public and private sectors to harness economic opportunities in the forthcoming CICTID 2022 summit.

He listed potential co-partners of the forum as United Nations; United Nations Development Programme; World Bank; African Union Commission; African Development Bank and Global Affairs Canada. (NAN)

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business & Economy

Kaduna refinery will begin production in December – NNPCL Boss, Kyari

Published

on

Melee-Kolo-Kyari-NNPC-GMD
Melee-Kolo-Kyari-NNPC-GMD
Share

The Group Managing Director of the Nigerian National Petroleum Company Limited, NNPCL,Mele Kyari has disclosed that the refinery in Kaduna State will be ready for production by December 2024.

He disclosed this during a meeting with the Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria in Abuja.

He disclosed that operations at the Port Harcourt refinery are scheduled to begin in two weeks.

According to Kyari: “We did a mechanical completion of the (Port Harcourt) refinery, that was what we said in December. We now have crude oil already stocked in the refinery. We are doing regulatory compliance tests that must happen in every refinery before you start it, and I assure you that this Port Harcourt refinery will start in the next two weeks.

“Completing the mechanical work means that you are done with the rehabilitation work, now you have to test to see how it works. Of course, we have also completed the mechanical work on the Warri refinery.

“It is also undergoing regulatory compliance; processes that we are doing with our regulator, and this will soon be completed and it will be ready.

“The Kaduna refinery will be ready by December. We have not reached that stage in Kaduna, but we promise Kaduna will be delivered by December.”

 

Continue Reading

Business & Economy

Edun Blames Economic Hardship On Free Printing Of Naira During Buhari’s Govt

Published

on

Wale-Edun
Wale-Edun
Share

Minister of Finance, Wale Edun, stated this on Wednesday when he appeared before the Senate Committee on Finance chaired by Senator Sani Musa.

The Federal Government has disclosed that the free printing of naira notes for eight years, under the previous administration went into the hands of a privileged few, without corresponding productivity, resulting in the country’s current economic situation.

Minister of Finance, Wale Edun, stated this on Wednesday when he appeared before the Senate Committee on Finance chaired by Senator Sani Musa.

While elaborating on measures to revamp the economy, the Finance minister vowed to thoroughly audit the 22.7 trillion naira, and mop up the monies from the market and use it to pay the central bank to give the government a balanced book.

Responding to questions, the finance minister addressed the issue of waivers on customs duty running into trillions of naira, promising to overhaul the system, rejig it and implement a technology and payment system that would correct all anomalies in place.

He further disclosed that a total of 13 trillion naira was collected as non-oil revenue in 2023.

Continue Reading

Business & Economy

Harsh Economy: FG To Begin Distribution Of Grains Nationwide 

Published

on

Share

 

The Federal Government will begin the distribution of grains nationwide to cushion the impacts of the hardship in Nigeria.

Minister of Agriculture and Food Security Senator Abubakar Kyari disclosed this on Monday.

“Dear Fellow Nigerians,” he wrote on his official X handle. “In these trying times, I extend my sincere compassion to those affected by the hardships in the country. I understand the gravity of the situation, especially with the unfortunate event of foodstuff warehouse looting.

“Amidst these challenges, I want to assure you that our commitment to your well-being remains resolute. We shall commence the distribution of 42,000 metric tons of grains, as approved by Mr. President, across the 36 states of the federation as one of the programs to be rolled out this week.

“We are working hand in hand with NEMA and the DSS to ensure that the grains get to the right people in the right packages and quantities. Furthermore, 58,500 metric tons of milled rice from mega rice millers will also be released into the market for stabilization.”

The minister who hailed the resilience of the Nigerian people, urged them to back President Bola Tinubu’s government in its quest to address the challenges facing the country.

“I acknowledge the strength of the Nigerian people, and it is this resilience that will guide us through these difficult times. Let us stand together to support Mr. President in his strive for a better Nigeria,” Kyari said.

“Our government under the leadership of President Bola Ahmed Tinubu is committed to addressing these challenges and working towards a more secure and prosperous future for all.”

Continue Reading