Business & Economy
Poor Knowledge of GI, Lack of Specific Legal Framework Makes Nigeria Products More Vulnerable – Adebayo
By Ossom Raphael
Minister of Industry, Trade and Investment, Otumba Adeniyi Adebayo, Thursday said poor knowledge of the Geographical Indications (GI) and absence of a specific legal framework has continued to render Nigeria’s products more vulnerable to misappropriation.
The Minister however said that the Federal Government will collaborate with the European Union to intensify campaigns for product specification in the country to boost exportation of Nigerian unique products.
Adebayo said this at the National Conference on Creation of Legal and Institutional Framework for Geographical Indications in Abuja.
According to him, “the AfriPI Project has gone a long way in supporting African companies, creators and inventors to generate value from their intellectual property.
“For many years, stakeholders from both the public and private sector in Nigeria have worked hard to promote and draw attention to geographical indications and other forms of intellectual property protection in Nigeria.
“The benefits obtainable from geographical indications in Nigeria are immense. Nigeria Is one of the most culturally diverse societies in the world. We can boast of a wide variety of products that can be classified as GI.
“These range from the popular Ijebu garri to Nsukka Yellow Pepper, the Sokoto Red Skin Goat and the famous Yauri Onions.
“Unfortunately, poor knowledge of geographical Indications and the absence of a specific legal framework has rendered our unique products more vulnerable to misappropriation”.
Adebayo further said that Nigeria is one of the most culturally diverse societies in the world, and added that the nation boast of a wide variety of products that can be classified as Geographical Indications.
According to him, these products, range from the popular Ijebu garri, Nsukka yellow pepper, the Sokoto Red Skin Goat and the famous Yauri Onions.
“Nigeria has a strategic ambition to position itself as a major supply chain partner to key off-taker nations.
“Geographical Indication will play a major role in helping Nigerian producers generate greater value for their products.
“Agri-food and drink products which have names that are protected by the European Union as Geographical Indications represent a sales value of about £75billion,” Adebayo said.
The minister however reaffirm the Federal Government’s commitment to ensuring that Nigeria exports more finished and hope that the onference will go a long way in helping Nigeria establish an enabling environment for the growth and expansion of the GI products
Also speaking, the Director General of World Intellectual Property Organisation (WIPO), Daren Tang, said Geographical Indication is emerging as an important tool for developing countries to create jobs, attract investments and grow the economy.
Tang, who spoke virtually, commended the Nigerian government for its commitment to institutionalising a legal framework on the geographical indication, noted that it would benefit farmers, artisans, among others.
On his part, Head of European Union Intellectual Property, Ignacio Medrano said: “we have important and specific product with quality in Nigeria. We are here to support the country to establish legal framework, to establish protection for agricultural products with specific links to tradition and culture.
“We are convinced that here in Nigeria, with the protection of the Geographical Indications, there will be an increase in agricultural product price, export and tourism,” he said
In his remarks, the Director-General for Agriculture and Rural Development for the European Commission, John Clarke said Agriculture has huge potential for export in Nigeria.
Clark said with a proper framework for farmers, the country’s economy will grow rapidly due to abundant agriculture unique varieties that will be exported.
Also speaking, the National Coordinator of the National Technical Working Group, Sand Mba Kalu, said Geographical Indication, even though relatively new in Nigeria, is a hope for the common man to be able to promote his or her product to the global market
Business & Economy
Dangote Refinery Will Generate ‘Massive Job Opportunities’ – Aliko
The President of The Dangote Group, Aliko Dangote, on Monday, said his refinery will generate “massive” job opportunities for the teeming Nigerian youths.
He stated this in Lagos during the commissioning of the 650,000 bpd Dangote Petroleum Refinery and Petrochemicals by President Muhammadu Buhari.
The project is expected to churn out Premium Motor Spirit (PMS), diesel (AGO), aviation jet fuel and Dual-Purpose Kerosene (DPK), among other refined products.
“The refinery operation will generate massive job opportunities in their hundreds of thousands,” he said while highlighting the benefits of the refinery.
“The refinery will make available to our industries vital raw materials to a large range of manufacturers in the pharmaceuticals, food, beverages, construction and many other industries.”
The businessman also expressed thanks for the “massive” support for him and The Dangote Group towards the creation of the Dangote Petroleum Refinery and Petrochemicals plant.
He appreciated Buhari and Nigerians for the immeasurable support his company received from the inception of the project to its completion.
“What I want to share with Nigerians is actually to show my personal gratitude and that of The Dangote Group, for all the assistance that we got from the President, from the Federal Government of Nigeria, from even the President-elect, because he also set the pace by creating the Lekki Free Trade Zone as part of his dream.
“And also we want to thank most especially Governor Fashola, Governor Ambode and most especially Governor Sanwo-Olu; because they have given us all the assistance that we were looking for.
“We thank all Nigerians for giving us their support which is too numerous to mention,” the industrialist said.
Business & Economy
Dangote Refinery To Generate 12,000 Megawatts Of Electricity – CBN
The Central Bank of Nigeria (CBN) has said that the newly inaugurated Dangote Petroleum Refinery and Petrochemicals will help Nigeria generate more power for its electricity sector.
Speaking today at the inauguration in Lagos State, Governor of the apex bank, Mr Godwin Emefiele, said the Dangote Refinery is expected to generate 12,000 megawatts of electricity.
He further stated that over 135,000 permanent jobs will be available to Nigerians as operations get underway.
According to him, it is also expected that the refinery saves Nigeria between $25 and $30 billion in forex annually.
Like a venture that continues to give, the refinery Emefiele says will further give the economy an inflow of $10billion yearly.
In his opinion, the Dangote Refinery is an indication that Nigeria can produce whatever it Needs.
Business & Economy
SANWO-OLU PRAISES BUHARI, TINUBU, DANGOTE CONTRIBUTIONS TO NIGERIA’S FIRST PRIVATE REFINERY
•LASG has provided enabling environment for private sector growth, says Dangote
Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday, said the stories of President Muhammadu Buhari; President-elect, Asiwaju Bola Tinubu and Chairman of Dangote Group, Alhaji Aliko Dangote are a testament that prosperity can be achieved when leaders have shared vision for the people they are leading.
Sanwo-Olu shared three different stories on how President Buhari, Asiwaju Tinubu and Dangote are connected to the newly commissioned first privately owned refinery in Nigeria, the Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, said the three leaders have shown Nigerians that leadership is about consistency and commitment to Nigeria’s economic growth.
He said: “The vision of Aliko Dangote, President Muhammadu Buhari and incoming President Asiwaju Bola Ahmed Tinubu, is a story of possibility when men have a shared common vision, purpose and they have the possibility that things can happen, things can change and things can be prosperous for the people they are leading.
“These three men; Aliko Dangote, President Muhammadu Buhari, and President-elect Bola Ahmed Tinubu epitomise all the great qualities of great leadership. They have shown us that nothing can be something. They have shown us that leadership is about consistency. It is about showing that whatever it is that you believe in, give it all it takes and at the end of it you will see the results coming out.”
Governor Sanwo-Olu while commending Dangote, said the business mogul is a completely detribalised Nigerian who has impacted many lives positively.
He said: “To our son Alhaji Aliko Dangote, we are indeed truly proud that you have put Nigeria and indeed Africa on that world map in which you have done the very first. We are proud of your belief in your country and your belief in the youth that you are giving the opportunity to. We are proud of the fact that you are a Nigerian that is completely detribalised and you have imbibed it in many ways.
“It is about the opportunity this (refinery) has provided for all the youth and young people of our country. It is about the fact we can say to them the work these three men – Mr. President, Alhaji Dangote, and our incoming president have done and will continue to do.
“It is about our future. It is about providing an opportunity for the youth because over 150,000 direct and indirect jobs that will be created are for our youths; young leaders that are in their 20s and their 30s for them to believe that indeed Nigerian is a place for them. Nigeria considers them as an important and veritable tool in developing and ensuring the very best.
“I want to also thank our President-elect who propelled a vision of what we are enjoying today. As governor and as Lagosian, he was the main architect of the modern history of the trajectory of Lagos and we are hopeful and praying that when he comes in as president, all of those additional vision that he has will come to reality.”
Governor Sanwo-Olu, who was part of the birth of the Lekki free zone in 2006 during the tenure of Tinubu as Governor of Lagos State, praised the host communities for showing hospitality to investors in the area.
“I want to use this opportunity to thank our host community. This community has been the host to several firsts in our country and I want to thank all of them; from the traditional rulers to all of the indigenous citizens that have continued to reflect the true spirit of Lagos to be able to show hospitality and accommodation in everything that we are about,” he said.
Governor Sanwo-Olu also commended President Muhammadu Buhari’s eight years in office, saying the people of Lagos State are proud of what the President has done for Nigeria.
He said: “You (President) have spent 2,915 days out of 2,922 days that you have. Mr. President, you have spent 99.98 percent of your time. Mr President history will certainly judge you well. We in Lagos are happy. This is your third trip to the Lekki Free Zone in less than a year.
“We are proud of you. We are indeed excited that you have thrown everything you have into it and as you bow down, I might not have the opportunity of holding a microphone again, I want to say to you, that on behalf of Lagos State, we are truly proud of the things that you have done for us in this country.”
Speaking earlier, Dangote commended Lagos State Government under the leadership of Governor Sanwo-Olu for providing an enabling environment for private sector growth, particularly the Dangote Refinery.
He said: “Lagos State Government has been exceptionally remarkable in their efforts toward the completion of this project.
“The Lagos State Government under the leadership of Governor Babajide Sanwo-Olu has provided an enabling environment for private sector growth in the state and this project. It has allowed us to invest over $30 billion in different sectors of the industry.”
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