Aso Villa Reads for 30/11/2021

Every day, we bring you the best stories the Media is reporting about the Government of Nigeria

The Minister of Agriculture and Rural Development, Dr. Mohammad Abubakar, has said the federal government remained committed to industrialising the agricultural sector for increased productivity, efficiency and competitiveness across local and international frontiers. He also urged Nigerians to henceforth, invest in agriculture, and see it as a business platform and a haven for investment, which would sufficiently satisfy the socio-economic needs of its practitioners and grow the economy.[This Day]

The Minister of Women Affairs, Dame Pauline Tallen has reiterated the federal government’s commitment to give priority to programmes that will empower women to contribute to national economic development. Speaking at the STEAM Flagship Entrepreneurship and Life Skills Graduation in Abuja, the minister added that the present administration had already put in place various skills acquisition and empowerment programmes aimed at making them self reliant. [This Day]

The Central Bank of Nigeria, CBN, said it has deployed electronic Form ‘A’ for invisible transactions. The e-Form ‘A’ is meant to replace it’s hard copy starting today. The apex bank disclosed this, yesterday, in a circular titled, “Automation of Form ‘A’ on the Trade Monitoring System. The circular by Director Trade and Exchange Department, CBN, Dr. Ozoemena Nnnaji. [Vanguard]

President Muhammadu Buhari has commissioned the 24-kilometre Vandeikya-Obudu Cattle Ranch Road connecting seven communities in Benue State to Cross River State in Tsua town, Vandeikya local government area of Benue State. Buhari, who was represented by the minister of special duties and intergovernmental affairs, Senator George Akume said, “This road has been built to the highest quality of design and workmanship and if is well used, it should last for the designed service life.”[Leadership]

In its commitment to upscale data protection in Nigeria, the National Information Technology Development Agency (NITDA) has begun the process of licensing and partnering with a qualified institution to set standards, prepare exams and issue certifications on data protection skill in the country. These processes are part of the implementation of the Nigeria Data Protection Regulation (NDPR), a subsidiary of data legislation in the country. The director general of NITDA, Mallam Kashifu Inuwa, CCIE, strongly advised on the need for Data Protection Officers (DPOs).[Leadership]

The Nigerian Shippers’ Council says the launch of the Nigerian Port Process Manual, (NPPM) has minimised corrupt practices and congestion in ports. In a report on Friday, The Council announced that the NPPM has saved the Nigerian Economy average vessel demurrage if $20,000 per day between 2020 and 2021 which ultimately translated to the sum of $6,540,000 N3.2 billon. [Business day Pg 7]

The Nigerian economy grew by a modest annual rate of 4.03percent in the third quarter (Q3) of 2021 according to the National Bureau of Statistics (NBS). Nigeria’s average growth rate currently stands at 3.18percent thus placing the country 0.58percent above world bank’s initial forecast of 2.7percent.[Business Day 29 Nov, Pg7]

Having resolved to boost the economy and reduce foreign trade deficits that the nation records annually, the Federal Government has launched an aggressive campaign for the patronage and use of made-in Nigeria products and services. The launch of a dedicated campaign for the patronage and use of made-in-Nigeria products and services was unveiled at the 13th National Council of Industry, Trade and Investment and meant to reposition the nation’s economy, in addition, to already established Federal Government’s Economic Recovery and Growth Plan (ERGP) as well as the Strategy and National Economic Sustainability Programme (NESP).[Business Day]