Business

NDCCITMA will transform Niger Delta economy – Eno

Published

2 years ago

October 9, 2024

OCHEFA

388 Views

Governor Umo Eno of Akwa Ibom has expressed the hope that the Niger Delta Chamber of Commerce, Industry, Trade, Mines & Agriculture (NDCCITMA) will facilitate the transformation of the economy of the region.

He said this on Wednesday in Uyo during a one-day sensitisation of the people of the state on the Establishment of NDCCITMA.

Eno, represented by the Commissioner for Trade and Investment, Mr John Etim, said that the region had been wrongly portrayed as mono-economy, in spite of its huge resources.

“For too long, the Niger Delta has been erroneously portrayed as a mono-economy, which boasts only of crude oil deposit with negative fallout, such as environmental degradation, ravaging poverty, among others, but our region is much more than that. “We are blessed with abundant human and mineral resources far beyond crude oil.

“In fact, we are the major producers of oil palm and other cash crops in this country. “The region can be both self-sufficient and a net exporter of palm oil and many other food items.

“The NDCCITMA initiative is not only desirable but imperative for the speedy transformation of our region,” Eno said. He commended the Niger Delta Development Commission (NDDC) for seeking the synergy for the implementation of the initiative for the betterment of the people.

In a remark, the Managing Director of NDDC, Dr Samuel Ogbuku, said that the objective of NDCCITMA is to stand in the gap between NDDC and entrepreneurs in the region.

He further said that the chamber would provide the long sought support to sustain the business of those who cannot meet the stringent conditions of financial institutions.

Ogbuku, represented by the state Representative on the Board of NDDC, Mr Abasiandikan Nkono, said that the activities of the chamber would influence development in the region.

“The establishment of NDCCITMA will positively influence the development of a robust transport system, manufacturing, merchandising, mining, marine, and food security for our families.

“We intend to work with the people and bring down the cost of food to affordable level to improve the health of our people,” he said.

The Chairman of NDCCITMA, Mr Idaere Ogan, described the chamber as a forum where people could seek genuine guidance and assistance in developing their businesses and scaling up capabilities. Ogan also said that the chamber would boost trade and commerce from the nano business level through the micro, small and medium entreprises to the large organisation.

He said, “We are poised to work with our development partners, the NDDC, to solve the food problem of the region, enable manufacturing of goods, develop skills and build capacity within the region.”

He called on all the chambers of commerce in the region, business communities, professional associations, governments and individuals to prepare to work with NDCCITMA for accelerated development of the region.

Source: Vanguard

Related Topics:Chambers of Commerce Featured Niger Delta Chambers of Commerce

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BUA Group Denies Reports of Bid to Acquire Stake in Kano Pillars Football Club

Published

2 hours ago

June 30, 2026

Charles Flames

13 Views

BUA Group has firmly dismissed online reports claiming that the conglomerate and its Chairman, Abdul Samad Rabiu, submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

In a press statement issued on Tuesday, the company described the publication as inaccurate and misleading.

PRESS STATEMENT

Re: False Claims of Bid to Acquire Stake in Kano Pillars Football Club

Our attention has been drawn to an online publication suggesting that BUA Group and its Chairman, Abdul Samad Rabiu, have submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

We would like to clarify that this report is inaccurate and does not reflect any position, action, or communication from BUA Group or Abdul Samad Rabiu. No such bid has been made, and there has been no engagement with any party on this matter.

We kindly request that this report be disregarded, and we encourage the public and members of the press to rely only on official statements issued through BUA Group’s verified channels for accurate information regarding our activities.

We appreciate the continued interest in BUA Group and thank the public for their understanding.

BUA Group reiterated its commitment to transparency and urged stakeholders to verify information through its official communication channels.

Business

Nigeria’s oil minister orders marketers to reduce fuel price

“While we believe that market forces will eventually restore equilibrium, the regulator also has a statutory responsibility to ensure that deregulation does not become an avenue for profiteering. This must be done in line with the extant provisions of the Petroleum Industry Act,”said Lokpobiri.

Published

6 hours ago

June 30, 2026

OCHEFA

17 Views

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, at the NMDPRA General Counsel and Legal Advisers Forum, directed petroleum marketers to reduce fuel price .

At the two-day forum themed: “Beyond Compliance: Driving Regulatory Certainty and Investment Confidence in Nigeria’s Petroleum Sector, Lokpobiri noted that refiners and marketers have continued to sell petrol at elevated pump prices despite the significant decline in crude oil prices from a peak of $120 per barrel to about $72 per barrel last week.

He said: “Following de-escalation of tensions between Iran and the United States, we expected to see a commensurate downward adjustment in the prices of PMS and other petroleum products.However, that has not yet happened.”