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FG begins reform of Calabar, Kano special economic zones

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The Federal Government has begun the process of reforming the Calabar and Kano Special Economic Zones (SEZs) in line with the approved processes for economic reforms.

Amb. Mariam Katagum, Minister of State for Industry, Trade and Investment, made this known on Thursday in Abuja at the Contract Execution Ceremony and kick-off meeting on the Calabar and Kano SEZs.

It would be recalled that the National Council on Privatisation (NCP) at its meeting held on June 12, 2018, approved the reform of two Federal Government owned SEZs in Calabar and Kano.

The minister noted that in line with NCP approved process for economic reforms, the next step was the engagement of Transaction Advisers who would guide the reform process.

Katagum noted that the transaction adviser was selected through a competitive tendering process.

“The procurement process commenced with the short-listing of nine firms from the national database to compete for the provision of transaction advisory services for the reform of the two SEZs.

“Request for Proposals (RfPs) were subsequently issued out to the short listed nine firms on Aug. 16, 2018,” she said.

The minister said that at the deadline for the submission of their response to the RfP on Sept. 14, 2018, five out of the nine shortlisted firms submitted proposals.

Highlighting responses received from the firms, she listed the five shortlisted firms that responded as Cordos Capital Limited, Ernst and Young, KPMG, PWC and Zenith Capital while four firms did not respond.

She also listed the firms that did not respond as Chapel Hill Denham, Coronation Merchant Bank, Stanbic IBTC and Vetiva Capital.

Katagum said an eight-man evaluation team, comprising representatives of the ministry, Ministry of Justice, Nigeria Export Processing Zones Authority (NEPZA) and Bureau of Public Enterprises (BPE), was constituted to evaluate the technical proposals received.

She explained that Quality Based Selection (QBS) method was adopted for the procurement process and a minimum benchmark score of 75 per cent as specified in the Request for Proposals (RfPs) was used to select the winning bidder.

She said at the conclusion of the evaluation, Ernst and Young emerged as the best qualified firm with a total score of 83.85 per cent.

According to the minister, the selection of Ernst and Young firm was subsequently approved by the National Council on Privatisation.

“Today’s signing ceremony brings to an end the Consultant Procurement Phase of the Transaction.

“It is the sincere expectation of the TIC that the Ernst and Young Consortium will add immense value to the ongoing revitalisation processes on the SEZs,” she said.

The minister urged the firm to cause a major breakthrough in the country’s effort at engendering massive industrial revolution and inflow of Foreign Direct Investments (FDI).

Responding, Mr Damilola Aloba, Partner, Strategy and Transactions, Ernst and Young Consortium, expressed delight for being appointed as transaction adviser on the concession of the two SEZs.

Aloba said Nigeria presently has about 34 SEZs, with the benefit of creating jobs, catalysing economic growth and contributing tremendously to the economic development of the country.

According to him, the SEZs support import substitution, facilitate export and economy diversification.

He said the first thing was to carry out due diligence on the two zones intended to find out financial, legal, environmental, real estate and human resource due diligence.

In addition, he said it would also carry out evaluation of the two SEZs and business and assets valuation of the zones, including outline business case toward assessing authentic impact and benefits of the zones.

The expert further said it would develop a strategy to sensitise the whole world about the benefits and pictures of each job in the SEZs, adding that there would be extensive bidding processes to determine right technical, managerial and financial capabilities.

“After these, the actual concession process will commence for the investors or potential concessionaire through due diligence,” he said. (NAN)

Economy

FGN Poised To Dismantle Kidnap Economy – General Laka

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From Lateef Taiwo

The Coordinator, National Counter Terrorism Centre, Office of the National Security Adviser (NCTC-ONSA), Major General Adamu Laka, has reaffirmed the commitment of the Federal Government of Nigeria (FGN) to ending kidnap economy in the country.

General Laka stated this while briefing newsmen on the activities of the Multi-Agency Anti-Kidnap Fusion Cell in collaboration with the United Kingdom – National Crime Agency on Tuesday in Abuja.

He said the centre had officially launched the State Expansion Programme of the Multi-Agency Anti-Kidnap Fusion Cell, bridging a critical gap between national security coordination and state-level tactical response.

The National Coordinator noted that kidnapping in Nigeria was no longer a random crime, but an industry being ran by sophisticated and well-armed criminal networks that thrive on fear and fund violence through ransoms.

According to him, the programme was aimed at dismantling that economy by connecting national strategy with boots-on-ground action.

He said the fusion cell was created in partnership with the United Kingdom’s National Crime Agency (NCA) to facilitate high-profile rescues and breaking up kidnapping rings across the country.

The national coordinator noted that kidnapping in Nigeria was no longer a random crime, but an industry being ran by sophisticated and well-armed criminal networks that thrive on fear and fund violence through ransoms.
According to him, the programme was aimed at dismantling that economy by connecting national strategy with boots-on-ground action.

He said the fusion cell was created in partnership with the United Kingdom’s National Crime Agency (NCA) to facilitate high-profile rescues and breaking up kidnapping rings across the country.

General Laka noted the cell had played key roles in supporting rescue operations, disrupting kidnapping networks, and improving interagency coordination.

According to him, experience has shown that while national coordination is crucial, state-level engagement is also indispensable.

“Too often, real-time intelligence, local knowledge, and operational readiness reside with field commands, while national coordination can only succeed when it is informed by ground realities.

“This is the primary purpose of this programme – to close the gap between national-level coordination and state-level response. Essentially, to build direct operational linkages between the Cell and state commands across the country,” Laka said.

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Economy

Food Security: Sanwo-olu Commended Over Launch of ₦500bn ‘Produce for Lagos’

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The Good Governance Campaign Forum (GGCF) has praised the Lagos State Government for launching the “Produce for Lagos” programme, describing this initiative and its ₦500 billion Offtake Guarantee Fund as a brilliant solution to the food insecurity challenges the nation faces.

The Forum issued this commendation in a statement signed by its Coordinator, Rahman Suleiman, on Wednesday, following the official unveiling ceremony of the program earlier in the week.

The program aims to transform Lagos’ food system and reduce the state’s dependency on external food sources, receiving positive recognition both within and outside the state for the Sanwo-Olu-led government’s efforts.

According to Suleiman, the initiative is timely and represents a pioneering collaboration between the Lagos State Government, the private sector, the Lagos Food Systems Infrastructure Company (LAFSINCO), Ekolog, and the Lagos Bulk Trading Company. He noted that this model is designed not only to enhance food production and logistics across the state but could also serve as a scalable framework for improving livelihoods and national resilience.

Suleiman shared insights from the Forum’s sampling of public opinion in Lagos and other states, indicating that people are pleased with the Lagos State Government’s strategic programs aimed at tackling hunger and starvation. He emphasized that a key component of the “Produce for Lagos” program is its data-driven approach, which will help address agricultural inefficiencies and strengthen value chains.

“Food security is a collective responsibility that we cannot afford to neglect as a nation,” Suleiman stated. “We are grateful to God for providing us with a leader like Sanwo-Olu, who is visionary, forward-thinking, and compassionate toward ordinary people.”

He commended Governor Sanwo-Olu for consistently setting benchmarks and leading by example in subnational governance. These achievements underscore the economic growth, infrastructural development, and urban planning efforts of the Lagos government.

“Governor Sanwo-Olu is a trailblazer; he has done exceptionally well, and we fully support his programs and policies. His work over the past six years speaks for itself,” he added.

Suleiman noted that this initiative, a partnership between the state government and the private sector, is expected to significantly boost agricultural production.

During the launch, Governor Sanwo-Olu also announced the deployment of a fleet of 150 cold and dry trucks—the largest of its kind—in partnership with the private sector.

Business mogul Tony Elumelu, who supported the project with ₦25 billion, stated that food security is crucial and expressed satisfaction with the collaboration between Lagos and other participating states.

Other prominent individuals at the event included Amir Kamel, Vice President of Afreximbank, and Michel Deleen, the Consul General of the Kingdom of the Netherlands, among other dignitaries.

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Economy

Constitution Amendment: Group Urges NASS, FG To Prioritise Restructuring, Regionalism

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… rejects the creation of new states

A prominent youth organization, the Youth Bureau, has urged the National Assembly to prioritize genuine restructuring of Nigeria, emphasizing regional autonomy and the establishment of State Police without further delay. This call comes as the legislature reviews the nation’s constitution.

The demand was articulated in the group’s Position Paper presented to the National Assembly Committee on Constitutional Amendment for the South-West Zone, which convened recently in Lagos.

In a statement signed by its Southern Coordinator, AbdulRahman AbdulRazaq, on Thursday in Lagos, the Youth Bureau also rejected calls for the creation of new states. The group warned that the Supreme Court’s judgment on local government contradicts their position, asserting that its implementation should be set aside. They believe only the State Government should have the authority to create local governments.

AbdulRazaq urged President Bola Ahmed Tinubu to prioritize comprehensive restructuring, as it is fundamental to effective governance and development. He encouraged the National Assembly Committee on Constitutional Amendment to make bold decisions that will have a positive impact on the populace.

He pointed out that the regional governments established in the late 1960s in Nigeria facilitated healthy governance and development, particularly under the Action Group government led by Chief Obafemi Awolowo in the Western Region. During that period, significant advancements were made in free education initiatives, healthcare infrastructure, industrialization, and overall infrastructure growth.

AbdulRazaq noted that the abolition of regional autonomy by the late General Aguyi Ironsi led to a unitary system of government, which resulted in excessive concentration of power in the central government, a lack of adherence to the rule of law, and restricted resource control and financial autonomy for the regions.

The Youth Bureau’s position paper includes the following demands and recommendations for the National Assembly Committee on Constitutional Amendment:

Our Demands

We urge the National Assembly Committee to consider the following:

  1. Genuine restructuring of the country based on regional autonomy.
  2. No need for the creation of additional states.
  3. The formation of State Police without further delay.
  4. Recognition that local government is a component of state government; the Supreme Court’s judgment on local government contradicts this principle, and its implementation should be set aside. Only the State Government should have the authority to create local governments.

Conclusion

We believe that a decentralized governance system founded on devolution and decentralization will ensure political and fiscal autonomy for its component units and promote equity among them. We urge President Bola Ahmed Tinubu to prioritize comprehensive restructuring and encourage the National Assembly Committee to make bold decisions that positively affect the citizenry.

Recommendations

  • Decentralize governance in theory, practice, content, and character.
  • Ensure equity among the component units.
  • Guarantee political and fiscal autonomy for the regions.
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