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ZENITH BANK GMD CANVASSES NON-OIL EXPORTS EXPANSION

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The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer
Onyeagwu has called for a concerted effort towards diversifying the
country’s export base through the promotion of non-oil exports. He made the
call during a Webinar themed “Prospects of Non-Oil Export During and Post
COVID-19” organized by the bank on Wednesday, August 26, 2020.
According to him, the onset of the COVID-19 pandemic which has impacted
the demand for oil and, by extension, the price of crude oil in the
international commodities market has further exposed Nigeria’s over-
dependency on crude oil earnings and its susceptibility to oil-related shocks.
He added that the events of the last couple of months have also highlighted
the limited range of the country’s value-added products exported to foreign
markets.
He noted further that boosting non-oil export is imperative in view of the
opportunities that exist in the broader contexts of ECOWAS Trade
Liberalisation Scheme and the African Continental Free Trade Area (AfCFTA)
which seeks to create a continent-wide market of 1.2 billion people with
combined Gross Domestic Product (GDP) of $2.5 trillion and about $4 trillion
in consumer and business spending.
Whilst commending the e%orts of the government and the Central Bank of
Nigeria (CBN) to deepen the non-oil export business in the country,
Onyeagwu urged players in the non-oil export value-chain including
exporters and ?nancial institutions to play their part in the drive towards
expanding the nation’s non-oil export base.
Delivering the keynote address, the Director of Trade & Exchange, Central
Bank of Nigeria (CBN), Dr. (Mrs) Ozoemena Nnaji, who commended Zenith
Bank for organizing the webinar at a time like this, observed that the impact
of the COVID-19 pandemic is a wake-up call for the country, as it has once
again exposed the over-dependence of the Nigerian economy on one
product. She therefore called for a deeper policy look at the non-oil sector to
?nd ways of genuinely improving the quality and quantity of our non-oil
export goods.
Also speaking at the Webinar, the Chief Executive/Executive Director of the
Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo
commended the e%orts of Zenith bank in promoting non-oil export business
in Nigeria, describing the bank as ‘the Export Trade Bank of Nigeria’.
Speaking on the topic “Repositioning Non-oil export as a Leading Revenue
Earner: Government Plans and Programmes”, Awolowo noted that the crash
in oil prices following the COVID-19 pandemic and OPEC’s price war with
Russia reinforced what everyone already knows.
Zenith Bank remains committed to the promotion of the non-oil export sector
in Nigeria by identifying emerging opportunities which help in stimulating
non-oil exports and developing robust ?nancial products and incentives for
operators in the sector. The bank launched the Non-Oil Export Seminar in
2017 as an initiative to deepen the discourse on promoting non-oil export
business in Nigeria.

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Obasa Missing as Lagos Assembly Sits, Lauds President Tinubu

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The Lagos State House of Assembly convened for a crucial legislative session yesterday, but an unexpected absence stole the spotlight, the ousted Speaker Mudashiru Obasa was nowhere to be seen. The sitting, which focused on key legislative matters and a commendation of President Bola Ahmed Tinubu’s leadership, went on without Obasa, raising eyebrows among lawmakers and political observers alike.

New Speaker Mojisola Meranda presided over the proceedings, ensuring the session ran smoothly. During deliberations, the lawmakers took turns applauding President Tinubu for his strides in governance, particularly his economic and infrastructural policies aimed at revitalizing Lagos and Nigeria as a whole. However, whispers about Obasa’s absence could not be ignored.

Sources within the Assembly remained tight-lipped on the reason for his nonappearance, fueling speculation.

As lawmakers dispersed after the session, the big question lingered where was  Obasa? For now, the mystery remains, but all eyes will be on the next sitting to see if the seasoned politician resurfaces.

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Meet The New 47-year-old Alaafin Of Oyo, Prince Akeem Owoade

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Prince Akeem Owoade is a Nigerian and Canadian entrepreneur, philanthropist, and president of 100279 Manitoba Limited, a  real estate investment and financial services business in Manitoba, Canada.

 

Born 47 years ago to a prominent and royal family of Owoade-Agunloye in Oyo town, Prince Akeem Owoade is one of the surviving children of Pa Rasaki Ibiyosi Owoade, the descendant of Aremo Aderounmu Iyanda Owoade, Agure Compound, Oyo town in Oyo State, Nigeria.

Prince Akeem Owoade completed his secondary school education at Baptist High School, Saki, Oyo State, Nigeria in 1992. His father worked for Oyo North Agricultural Development Programme (ONADEP) helping Oke-Ogun community in boosting agricultural productivity.

aking an early interest in engineering, Prince AkeemOwoade began his engineering studies by completing his National Diploma and Higher National Diploma in Mechanical Engineering from ‘The Federal Polytechnic, Ilaro, Ogun State (1994 to 1997) and The Polytechnic, Ibadan (1999 to 2001), Oyo State. Nigeria respectively. He did his NYSC with Nigeria Gas Company as Mechanical Intern/Planner in 2002.After the completion of his NYSC, he worked with Oceanic Bank International Plc. in Warri as a teller. (2003 to 2004).

Prince Akeem Owoade decided to further his education in the United Kingdom where he attended University of Sunderland (2008) and Northumbria University (2012)

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Panic As Governor’s Official Car Got Stolen

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Confusion and fear was the order of the day at one of the Government houses in the Southwest some days ago when one of the official vehicles of the Governor, a bullet-proof jeep allegedly disappeared from the garage.

The SUV which is said to be one of the three bullet-proof vehicles being used for the Governor’s official assignment was discovered missing.

The Governor who was out of the country on a short, rest leave was claimed to have been disturbed when he was alerted.

Sources claimed it wasn’t the first time things would get missing at the Governor’s private residence.

‘There had been series of thefts, ranging from missing cash, phones and other expensive items, it’s usually swept under the carpet. Indiscipline is the order of the day here’, a source confirmed this to papermacheonline.

The State Governor, a quiet individual who is spending his second time in office was said to have been disturbed by the occurrence that he had to cut short his leave and return home. One of his closest aides was also kidnapped recently.

 

 

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