Connect with us

News

Osinbajo inaugurates ERGP Labs Working Groups, charge members on commitment

Published

on

By Joseph INOKOTONG
Vice President Yemi Osinbajo Tuesday, inaugurated the Core Working Groups of the Economic Recovery and Growth Plan (ERGP) Focus Labs with a charge to stakeholders to work collaboratively as one entity focused on getting new investment commitments and assisting investors think through implementation.
While inaugurating the group in Abuja, the Vice President said the Working Group comprising senior public officers from the six pilot Ministries and their agencies, has the rare privilege of contributing to the national assignment by providing sector expertise and working with the ERGP Implementation Unit to successfully plan the three initial labs and address inter-agency bottlenecks investors might bring to the labs.
A statement signed by Akpandem James, Special Adviser (Media) to the Minister said he was particularly excited that the ERGP focus labs is one of those targeted initiatives of the Muhammadu Buhari Administration that drives the three pillars of its medium-term plan – restoring growth, building a competitive economy and investing in our people.
The Vice President said he was also pleased that the implementation of the ERGP less than one year after its launching by the President has resulted in early wins, from the targeted exit from recession in Q2 last of 2017 to improved stability in the fiscal and monetary markets.
“As mentioned by the Honourable Minister of Budget and National Planning, most of our macro indices are trending upwards but a lot more needs to be done. And this administration will definitely not relent until we bring these headline improvements to visibly impact the majority of our citizenry”, he added.
Prof Osinbajo said as the intent of the focus labs are primarily to drive new investments that create jobs for the people across the 36 states of the federation, all hands must be on deck to get the labs project right.
He explained that the Central Steering Committee comprising nine cabinet ministers in Agriculture, Transport, Solid Minerals; Industry Trade and investment; Power Works and Housing; Petroleum Resources, Finance, Justice and Budget and National Planning are tasked with steering the labs and ensuring active collaboration with the private sector to remove inhibitions that may have impeded some of the priority projects that they want to invest in, but which have remained on the drawing board for a long time.
While commending members of the ERGP Implementation Team and all those who have been working towards the labs, the Vice President reaffirmed the commitment of the President to the labs’ initiative and look forward to joining in the working sessions ahead of the commencement of the labs in March.
Giving a background of the labs concept, the Minister of Budget and National Planning, Senator Udoma Udo Udoma explained that though significant work has been done on the ERGP Implementation, and in the right direction, more work needs to be done to achieve targets.
Since it is not feasible to rely on the Government to fund required investments on its own due to its ongoing fiscal deficit, he said private investment is therefore key to catalysing growth. “We have therefore chosen to conduct Focus Labs in three selected areas to deliver quick and fast results on investments and job creation”.
The labs, he explained, are intended to achieve two main objectives, namely: new investments for critical projects and resolution of complex inter-agency problems that inhibit private sector investment.
He pointed out that the ERGP Focus Labs are not meant to replace existing sectoral roadmaps and plans, rather it is meant to identify entry projects to act as showcase to bring back investor confidence to Nigeria. The ERGP will focus on mobilising private investment projects to meet the USD 245 billion investments and 15 million job creation targets by 2020, he added.
For the specified sectors, the Minister explained that for Agriculture and Transportation, the lab will look to increase private sector investments in selected crops and products (agro-business) while investment along the transport corridors will target rail, roads and ports. For Manufacturing and Processing, the Lab will look to increase private sector investments in selected manufacturing subsectors and products as well as the processing of selected solid minerals in Nigeria; while in the Power and Gas sector, the Lab will look to increase private sector investments in the power sector i.e. electricity generation across its value chain and energy mix and the gas industries including expansion of domestic market.
Responding after the inauguration, the Minister of Trade Industry and Investment, Dr Okey Enelamah emphasized the need for commitment by all concerned to realize the objective of the project, pointing out that the challenge Nigeria often faces is not crafting good plans, but that id diligent implementation.
He also charged members of the groups to approach the assignment from the perspective of “the right thing, not the right person” as there will be no “high tables, but work tables”.

Continue Reading
Click to comment

Leave a Reply

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

News

‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain

Published

on

By Emmanuel Kuza

A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.

Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.

According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.

“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.

He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.

“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.

The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.

Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.

“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.

He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.

“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.

Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.

He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu

Continue Reading

News

200 widows benefit from empowerment outreach in Plateau

Published

on

By

By Israel Adamu, Jos 

 Two hundred widows from communities across Langtang North Central State Constituency of Plateau State have benefited from an empowerment outreach organised by Gimbiya Gani Nandir Lar under the Jagoran Talakawa movement.

The outreach, held at Pilgani in Langtang North Local Government Area, was aimed at supporting vulnerable women and drawing attention to the challenges faced by widows, particularly those struggling to provide food, pay school fees and meet other basic needs for their families.

The organiser, Nandir Lar, who is the All Progressives Congress, APC, candidate for Langtang North Central State Constituency, said the gesture was motivated by compassion and concern for vulnerable members of the society.

She stressed that the outreach was not a political programme but an expression of love and support for humanity.

Nandir Lar said: “The plight of widows may not always make headlines, but their struggles are real, painful and deserving of our collective attention.

“This is simply an expression of compassion and love for humanity. It is not a political programme.

“Our constituency is home to people with diverse needs, including mothers, widows and young people who are seeking opportunities to improve their lives.”

Former Provost of the Federal College of Education, Pankshin, Amos Chirfat, commended the initiative, saying it had brought smiles to the faces of vulnerable women in the constituency.

Minority Leader of the Langtang North Legislative Council, Dirya Sheni, also commended Nandir Lar for supporting widows and other vulnerable members of the community.

At the end of the outreach, each of the 200 beneficiaries received a 10-kilogramme bag of corn flour, seasoning and N10,000 cash

Continue Reading

News

SCUML, REDAN Strengthen Collaboration on Anti -Money Laundering Compliance

Published

on

By

By Francis Wilfred 

The Special Control Unit against Money Laundering (SCUML), and the Real Estate Developers Association of Nigeria (REDAN) have expressed commitment to ensure a full compliance with the Anti Money Laundering/Counter Finance on Terrorism/Counter Proliferation Financing, (AML/CFT/CPF) laws within the Nigeria’s real estate sector.

They made the resolve during a stakeholders’ engagement held on Thursday, September 10, 2026

The engagement focused on Mutual Evaluation readiness, risk-based supervision, beneficial ownership transparency, customer due diligence, internal controls and stronger collaboration between SCUML and the real estate sector.

Assistant Commander of the EFCC, ACE 1 Ibinabo Amachree, speaking on behalf of SCUML highlighted the strategic role of real estate operators in protecting the integrity of Nigeria’s financial system, particularly given the sector’s vulnerability to money laundering and other financial crime risks.

Amachree encouraged REDAN members to move beyond registration to ensure that compliance is embedded in their day-to-day operations. He mentioned the areas to include: understanding institutional risks, knowing customers and beneficial owners, identifying politically exposed persons, conducting appropriate sanctions screening, maintaining effective internal controls and meeting applicable reporting obligations

He, therefore, reaffirmed readiness to working closely with REDAN and other stakeholders to improve compliance, build capacity and promote a stronger culture of accountability across the real estate sector

“The message is clear: effective compliance is not just about meeting regulatory requirements; it is about protecting businesses, strengthening the real estate sector and safeguarding the integrity of Nigeria’s financial system”, she said.

In his remarks, the Chairman of REDAN, Lagos state, Mr Tony Kolawole pledged readiness to partner with SCUML in ensuring compliance with AML/CFT/CPF in the real estate sector to uphold financial integrity.

The engagement also provided an opportunity for REDAN members to share practical regulatory and operational challenges affecting the sector, reinforcing the importance of continuous dialogue between regulators and industry stakeholders.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.