President tells China to get used to slower growth

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Read Time:1 Minute, 34 Second
BEIJING (AP) — China's president has told the country to get used to slower growth, damping expectations of a new stimulus.
 
President Xi Jinping's weekend comments come amid weakening trade and manufacturing. Economic growth slowed in the latest quarter to 7.4% after last year's full-year expansion of 7.7% tied 2012 for the weakest performance since 1999.
 
"We must boost our confidence, adapt to the new normal condition based on the characteristics of China's economic growth in the current phase and stay cool-minded," Xi said, according to the official Xinhua News Agency.
 
The ruling Communist Party is trying to steer the economy to self-sustaining growth based on domestic consumption instead of trade and investment.
 
Other leaders have ruled out more stimulus, but unexpectedly weak demand for Chinese exports has forced Beijing to backtrack and launch mini-stimulus efforts last year and in March. Official plans call for annual trade growth of 7.5% but so far this year total imports and exports are down by 0.5%.
 
Analysts say the ruling party appears willing to accept economic growth below its 7.5% target this year so long as the rate of creation of new jobs stays high enough to avoid political tensions.
 
Speaking during a visit to the central province of Henan, Xi said Saturday the government will focus on longer-term reforms aimed at stabilizing growth.
 
China needs to prevent risks and "take timely countermeasures to reduce potential negative effects," Xi said. He said Beijing will focus on longer-term reforms aimed at stabilizing growth.
 
"This is the clearest sign I have seen that a broad-base monetary stimulus to elevate that current slowdown will not eventuate," said Evan Lucas of IG Markets in a report.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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Mexico: A Zetas founder among 6 dead in shootout

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Read Time:54 Second
MEXICO CITY (AP) — One of the military deserters who helped found the gang that grew into the brutal Zetas cartel was among six people killed during a gunbattle in a border town, a Tamaulipas state security official said Sunday.
 
The official said authorities confirmed that Galindo Mellado Cruz was one of five gunmen who died Friday in a shootout that also killed a Mexican soldier in Reynosa, which is across from McAllen, Texas. The official was not permitted to be quoted by name for security reasons.
 
The official said that Mellado Cruz was one of the 30 ex-special forces soldiers who created the Zetas gang to serve as enforcers for the Gulf Cartel before splitting off in a bloody breakup with its former ally. The official said Mellado Cruz no longer held a Zetas command position.
 
Tamaulipas became one of the arenas for fighting between the Gulf Cartel and the Zetas and was one of Mexico's most violent states. But the state had calmed somewhat by 2012, before violence re-ignited in recent weeks.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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Obiano: My Emphasis is to Create Enabling Environment for Business

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Read Time:3 Minute, 55 Second
Governor of Anambra State, Dr. Willie Obiano, spoke at the sidelines of the World Economic Forum on his priority tasks and strategy. Steve Omanufeme was there. Excerpts:
 
What are you taking out of this World Economic Forum that will positively  affect your people?
 
I am very happy to be here to learn a few more things to add to the strategy I am running in my state, Anambra State . You can see the attendance at the forum, it brings to fore the fact that Africa is the focal point now in the world.
 
First we have the population, we have the growing market, the youth. If we are zero in on Nigeria in particular, we are the largest attraction in Africa, especially on the account of the recent rebasing of the GDP and the economic transformation the government has embarked on.
 
Beyond that If you listen to the points being made at this forum it strengthens my views I have in respect of the four pillars of my government. If you listen to the talks this morning the presenters all talked about the role of agriculture in empowering the youths in terms of creating job opportunities in terms building of. In later sessions you will here oil and gas. These are some of the pillars I have. On trade and commerce, most of things we got to do in agriculture, oil and gas will lead to you selling goods and products.
 
And We need morden market to sell the goods and produce. We are embarking on building modern markets in Anambra State with a view to creating the enabling environment for commerce to thrive. The other pillar is industrialisation
 
Beyond that security is critical. My first emphasis is to create the enabling environment. My second will be to ensure that there is power in the different industrial clusters in the state. That will enable manufacturers and other investors to do their business effectively. So I am very happy.
 
There are different investors who have come here for the forum, what specific thing are you offering in your engagement with them?
 
Providing the enabling environment. That is the primary role of government. Government should not be doing what the private sector does. Its role is to ensure that there is enough infrastructure, security, enabling laws favourable for growing businesses. For example c of O. We are trying to speed up the process of getting C of O to one week. Before now it could take as long as two years to have one. There are all types of economic reforms and changes we have embarked on. I encourage everybody to come and invest in Anambra. We are going to investors the land provide the enabling environment to their business. Tax breaks that will enable them produce their goods at cost effective levels to compete favourable in the global market.
 
The theme of the WEF on Africa is 'Forging Inclusive Growth, Creating Jobs.' In your view do you think inclusive growth can be possible in this country?
 
In economics inclusive growth means growing the economy with the level of poverty dropping in real terms. That is what the current administration in the country is focusing on. Our growth strategy is inclusive involving the grassroots, training them and providing the enabling environment and laws for business to thrive produce goods. We are trying to create more wealth to as many people as possible.
 
Anambra is endowed with very resourcefully people and very intelligent people. As you are aware, Anambra state took the first position in WAEC results recently. We have doing well academically and that leads to producing the best graduates.
 
The inclusive growth you are talking about comes about by creating jobs and that is the strategic thrust of the government. Where wealth is evenly distributed the economy will thrive.
 
Apart from agriculture what other area of are there for investors to come and invest in Anambra?
 
Do you have the enabling environment? Do you have the security? Do you have the enablement in terms of favourable laws? Do you have ease of land acquisition ?
Basically that's what I want to provide. The calibre of the people on the team, the kind of things we are doing have begun to gain attention all over the world and I have started receiving calls and commendations, first on security  and road  infrastructure we are building.
 
These are the thing investors need to come to the state. So in a very short time we going to have investors coming in the area of manufacturing and what have

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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NIGERIA: Fees, Commission Drive Stanbic IBTC’s Earnings

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Read Time:2 Minute, 10 Second
2013 has been widely described as a tough year for Nigerian banks because of various policy measures introduced by the regulators.
 
In view of the tough banking environment occasioned by the tight monetary policy, a lot of Nigerian banks have been working relentlessly to firmly hold on to segments of the market where they have comparative advantage.
 
Indeed, while most of the tier-2 banks seems to be feeling the pain of the regulatory policies more than the tier-1 bank’s, Stanbic IBTC Bank Plc’s recently released audited full year results for 2013 showed the bank was able to weather the storm as its top and bottom line performance beat the expectation of the market.
 
The results showed the bank’s top line performance was driven by a 27 per cent and 84.8 per cent increase in net fees and commission income and other operating income to N32.9 billion and N15.3 billion 2013, from N25.8 billion and N8.3 billion in 2012 respectively.
 
Stanbic IBTC’s profit after tax was up by 104.5 per cent to N20.8 billion. In addition, its gross earnings grew by 21.1 per cent to N111.2 billion in the year under review, from N91.9 billion in 2012.
 
The bank reported a net interest margin of 5.5 per cent lower than tier-2 average of 6.7 per cent.
 
This was primarily driven by an 8.2 per cent increase in interest income relative to a 5.4 per cent increase in interest expense in 2013.
 
According to analysts at Afrinvest Securities Limited, the increase was mainly from a 37 per cent growth in income from investment securities.
 
Further analysis revealed that income from loans and advances accounted for 67 per cent of the bank’s total interest income, as income from investment securities represented 29 per cent.
 
The bank's net loan grew by 32 per cent to N383.9 billion in 2013, from N290.9 billion in 2012, nudging the loan to deposit ratio to 82 per cent.
 
“Despite this commendable growth in risk assets, the bank reported a 61.3 per cent decline in impairment charges to N2.6 billion in 2013 from N6.9 billion in 2012, revealing significant improvement in asset quality.
 
“The high proportion of loan to deposit ratio however restricts the option of taking        advantage of opportunities and therefore requires increased momentum in galvanising deposits,” Afrinvest stated.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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CBN to Auction N157bn Treasury Bills

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As part of efforts to continue to manage the level of liquidity in the economy, the Central Bank of Nigeria (CBN) will this Wednesday auction treasury bills worth N157.06 billion.
 
The periodic auction of the fixed income instrument is in line with the central bank’s tight monetary stance and its resolve to keep inflation at single-digit.
 
A breakdown of the treasury bills to be auction showed that it comprises 91-day bills worth N22.06 billion; 182-day bills worth N30 billion; and 364-day bills worth N105.00 billion.
 
However, outflow from the system through the treasury bills auction would be countered by maturing bills at the Primary Market Auction as treasury bills worth N157.06 billion would mature this Thursday.
 
The maturing bills would consist of 91-day bills worth N22.06 billion; 182-day bills worth N30.00 billion; and 364-day bills worth N105.00 billion.
 
Meanwhile, a report by Cowry Asset Management Limited showed that the Nigerian Interbank Offered Rates (NIBOR) moved heterogeneously amongst the tenor buckets in the absence of major fund inflows.
 
On a weekly basis, NIBOR for one month and three months increased to 12.78 per cent, compared to the 12.56 per cent it was previously; and 13.58 per cent from 13.47 per cent respectively.
 
However, NIBOR for six months and average overnight rate moderated to 14.38 per cent from 14.39 per cent and 10.50 per cent from 10.54 per cent respectively.
 
Forex Market
The naira was stable against the United States dollar at the Retail Dutch Auction System (RDAS) segment of the forex market last week, but appreciated against the greenback in other segments amid improved dollar supply.
 
This was largely influenced by the traditional month-end dollar supply by multinational companies operating in the country as well as noticeable decline in the appetite for the greenback.
 
At the RDAS, a total of $800 million was offered, but the regulator sold $738.45 million, which was 93.27 per cent higher than the $382.08 million sold the preceding week.
 
At the interbank market, the nation’s currency strengthened against the greenback by 92 kobo to N160.05 as at Friday. The naira also gained N2.50 and N2.00 to N165.00 and N166.00 at the bureau de change (BDC) and parallel markets respectively.
 
“The rise in the value of the naira came against the backdrop of increased dollar sales by commercial banks in recent times.
 
Bond Market
Trading in the bond market last week was significantly active as yields in the bond market continued to sway southwards driven by increased interest in the domestic bond market.
 
Despite, the mild swing experienced the preceding week, the overall trend continued to be positive.
 
Yields commenced the week flat with no major movement in prices on the first trading day of the week, a report by Afrinvest Securities Limited indicated.
 
Trading activities gained momentum significantly on the second trading day of the week and was sustained till the last trading day. The 9.20% FGN June 2014 and 4.00% FGN APRIL 2015 instruments received more interest as yields declined by 140 basis points apiece.
 
The 9.25% SEPT 2014 instrument followed suite loosing 100 basis points. The bond yields continued to take a free fall currently within the 10 per cent to 13 per cent range from 14.5 per cent in March 2014.
 
“The sustained influx of offshore funds is probably associated with the suave signal in the Fed’s meeting. This is likely to be sustained in the medium term,” the report added.
 
AMCON Debt Recovery
The Asset Management Corporation of Nigeria (AMCON) last week disclosed that it had recovered 112 per cent of its debt.
 
Managing Director/Chief Executive Officer, Mr. Mustapha Chike-Obi who said this, expressed satisfaction that the corporation had been able to responsibly carry out its objectives.
 
Chike-obi said: “We have recovered about 112 per cent, we are recovering more than what we expected so far.”
 
He further explained that the corporation can only buy bonds that the Central Bank of Nigeria designates.
 
Commenting on the anticipated sale of Enterprise Bank, the AMCON boss said: “We are going to sell Enterprise by May and we expect to have completed both sales by September.
 
“We cannot tell who the buyers because it would require regulatory approval- CBN, Securities and Exchange Commission (SEC) and other approvals.”
 
Market Outlook
Despite equaled reverse flows via transactions in the short term financial instruments, financial market analysts anticipate pressure on financial system liquidity from demand to fund forex transactions.
 
Therefore, the interbank rate is expected to increase in various tenors this week.
 
“This week, we predict sustained stability and likely appreciation of the local currency due to growing strength of the external reserves and winding down of dollar position by banks and their position holders who anticipate further appreciation of the local currency as they try to minimise their risk of exchange loss,” Cowry Asset said.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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NIGERIA: Overcoming Negative Attitude in Workplaces

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Read Time:8 Minute, 3 Second
Organisations are confronted with the challenges of holding and motivating staff members from different culture, background and often with different attitudes.
 
Specifically companies are challenged daily to find ways of providing their employees an environment that is positive and empowering.
 
This is because negative workplace attitudes are highly contagious and can affect everyone. Moreso, experts believe workplace anxiety can bring about negative attitude which in turn reduce overall productivity, damage group morale, and even cause the loss of good employees.
 
Even when a few people in the workplace have negative attitudes, it can spread to others as well, because negative workplace attitudes seem to spread faster than positive attitudes.
 
Given this scenario, human resource experts have emphasised that getting rid of negative attitudes and eliminating workplace anxiety is vital for organisations. This is so because without a way of controlling the spread of negativity within the office, the effect can spread create a very bad environment for people to work in.
 
Keith Harrell in an article on “Attitude in the Workplace” said one of the challenges facing management and co-workers today is dealing with difficult people—those who have negative attitudes.
 
She said: “It is important to note that a person with a negative attitude has the same power to influence others as a person with a positive attitude. The difference appears in the results. Positive attitudes in the workplace have many benefits, including improved communications, better teamwork, increased morale and higher productivity.
 
The opposite is true for negative attitudes. They dismantle teamwork, increase stress and cripple productivity. In the workplace, the big difference between the winners and the losers is often attitude."
 
According to Harrell, the salesperson who sells more, the manager who inspires her people, the manufacturing supervisor who sets the tone for everybody around them, are all good examples of what attitude does for you and everybody around you.
 
Causes of negative attitude
Workplace experts have identified a number of factors that can encourage negative workplace attitudes. They explained that today’s work environment has changed dramatically partly as a result of the economic recession.
 
They listed other causes of negative workplace relationships to include diversity, performance, ineffective leadership, poor working conditions and inadequate wages and compensation.
 
According to these experts, in recent years companies are either “downsizing,” “rightsizing,” “merging” or “being acquired” in order to remain in business and this process of organisational reform has thrown a lot of people into the unemployment market while those who remain are wondering when their turns will come.
 
These, they stated causes anxiety among employees and are the kind of circumstances that can cause frustration and attitudinal change. More worrisome is the fact that the work environment has been badly affected by unethical practices, greed and unpleasant lifestyle which have smeared the country’s image internationally.
 
This is a source of worry not only for organisations but government.
Susan Heathfield, a human resource expert said the underlying cause of negativity is based on faulty information, incorrect assumptions, or deliberate misinformation.
 
She said “You may receive feedback that a new policy or procedure is not understood correctly. People may be misinterpreting a corporate memo.
 
In her article on “Cures for Negativity”, Heathfield explained that negativity often occurs when people are impacted by decisions and issues that are out of their control.
 
These, she stated includes corporation downsizing; understaffing that requires people to work mandatory overtime; budget reductions; and upper-management decisions that adversely impact members of your staff.
 
Also, Ruth Mayhew, another human resource expert explained that workplace relationships can deteriorate between two individual employees, between employees and their managers or between the workforce and company leadership.
 
According to her, diversity, performance, ineffective leadership, poor working conditions and inadequate wages and compensation are a few of the reasons that coworkers find it difficult to maintain a collegial environment.
 
This they say can cause conflicts, hurt feelings, and the possibility of scandal and sabotage.
 
Accordingly, there are a number of ways in which negative workplace attitudes can cause problems in a work environment. For instance, Michele McDonough said negative attitude can hinder creativity and innovation, and can lead to employees being more defensive and protective, which isn’t productive behavior.
 
“People tend to be much less focused on work when there is an overall bad attitude in the office. Less work tends to be done as a group when there is a problem with negative workplace attitudes, not only because of the lack of overall productivity, but because much time is wasted with gossip and complaining.
 
"The overall loyalty of employees tends to drop, as well as group camaraderie and teamwork,” McDonough said.
 
Getting rid of negative attitudes
Experts are of the opinion that offsetting negative attitudes within the workplace requires far more than simply ignoring negative behavior and focusing only on job duties and tasks.
 
They expressed strong view that negative attitudes in the workplace should be dealt with promptly to prevent irreparable damage to employee morale and job satisfaction among other employees.
 
They harped on the need for organisations to find ways to reduce negative workplace attitudes, and encourage positive attitudes and cooperation.
 
Mayhew, in an article on “How to Offset Negative Attitude in the Workplace” examined different steps that should be adopted towards overcoming negative workplace attitudes.
 
Stressing the need for human resource managers to observe employees performing their job tasks and note any negative interactions among employees, she said: “If you witness employees engaging in obvious behavior that contradicts company policy or guidelines, address it immediately with documented proof of the incident and disciplinary review or corrective action.
 
An example of behavior in obvious violation of workplace policy is a rude or unprofessional interaction with customers or clients. If your business is service-oriented, customers are the lifeblood of your organisation.
 
Therefore, your employee handbook and other workplace policies should plainly state the company’s expectations for employee interactions with customers or clients and the consequences of violations”.
 
Speaking further, she emphasised that human resource managers must conduct an employee opinion survey with questions developed specifically for employee feedback on working conditions that can contribute to negativity.
 
She explained: “There are a multitude of reasons employees harbor negative feelings about working – long hours, high productivity demands, ineffective leadership and overall working conditions.
 
"Asking employees to “describe concerns about your office space or work area, including equipment, lighting, seating or proximity to required supplies and materials” or "explain the challenges you have with balancing work responsibilities with time off to enjoy outside interests" elicits information that can help you identify employee stressors that contribute to negative attitudes at work”.
 
She also advised HR personnel to research different types of negative attitudes and employee behavior noting that an employee who reacts to a specific incident with frustration may express a short-lived negative attitude.
 
According to her, when an employee experiences a series of events or a work situation that is continually frustrating, the negative attitude can persist for a longer period. This, she added results in employees expressing negative attitudes about working conditions.
 
“Examine survey answers to determine causes of negative attitudes. Employee responses to your survey questions also will shed light on whether negative attitudes are widespread and whether the negativity is due to an employee’s mood, or if the negativity is due to continued problems in the workplace or if the employee's negative attitude is dispositional (just part of the employee's personality).
 
"Situational negativity is the easiest to resolve, since it involves a discrete action that is easy to correct. An ergonomic issue, for instance, is situational because it can be remedied with attention to workplace configuration”, she explained.
 
She pointed out that specific employee attitudes should be discussed with the employee’s manager.
 
She continued: “Review the employee’s personnel file, performance appraisals, attendance records and disciplinary reviews with the supervisor or manager present. Point out areas that may underlie the employee’s attitude changes and ask her manager for an on-the-spot assessment of the employee’s attitude.
 
"Listen to the manager’s feedback and offer suggestions for remedying any employee-manager interaction you believe is inappropriate or not constructive. If you detect signs of ineffective leadership, recommend leadership training or refresher training. Poor communication between employees and managers and failure to provide employees with constructive, useful feedback are signs that the manager may need leadership training."
 
She further stressed the need for management to schedule an all-staff meeting to discuss the effects personal attitudes have on the entire workforce. Give examples of how negative attitudes impede progress.
 
“Explain how the need to constantly address negative behaviors can disrupt workflow. Make recommendations on how to eliminate negativity from the workplace through a conscious effort to build a collegial work environment. Encourage introspection, suggesting that each employee conduct a self-assessment to reveal what underlies frustration or dissatisfaction."
 
She concluded that management should challenge employees to work collaboratively, create a synergistic work environment and make specific requests, such as giving a co-worker a compliment every day or consciously setting aside negative feelings in the workplace.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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NIGERIA: Sharing Risks between Farmers and Lending Institutions Is Critical for Agric Development

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Read Time:3 Minute, 30 Second
Chairman, Senate Committee on Agriculture and Natural Resources, Emmanuel Bwacha, spoke to Emmanuel Bello and Steve omanufeme on expectations and benefits of WEF to the agriculture sector and what legislature is doing to improve agricultural production. Excerpts:
 
What are your expectations from the WEF in respect of agricultural development?
 
The benefits the forum will have on agriculture is that it will further boost interest in the sector to complement the huge input it has received from government over the years.
 
The forum will give investors an opportunity to see the huge potential in the sector. Specifically, the forum will afford participants an avenue to see the investments in the sector since the Agricultural Transformational Agenda (ATA). So the sector exposed to the differing participants for them to make their investment decisions
 
It will provide government the opportunity to tell its story so far and showcase to the world that we now have a diversified economy. The sector has played a critical role in contributing to GDP.
 
With the agricultural transformation agenda, the sector has received huge inputs from government, which has boosted its contribution to GDP and employment. The forum will provide government the opportunity to drive more investment to the economy. So the sector is important and critical to the forum.
 
 
One area the agriculture sector has been successful is attracting foreign investments. I remember being in an agric-business investment forum in Washington in 2012 where we showcased the potential in the sector, and we have received visitation and interest from investors across the globe. In fairness to the minister, he has brought agriculture to the forefront, putting it in its pride of place to complement earnings from the oil industry.
 
What specific legislation are you looking at to institute an enabling environment for investment in agriculture?
 
In the home front, what we are looking at the sharing of risks between farmers and lending institutions. This will encourage farmers to produce more. But the current security situation is a major challenge impacting on production. I am talking about domestic factors that will encourage agricultural production. If this done farmers will get requisite funding without bearing risks 100 per cent and this will encourage them.
 
One of the theme of WEF is creating jobs are you legislating on ways to make agriculture employ more Nigerians?
 
Yes. I think agriculture is the only sector trying to redeem Nigeria from the challenges of unemployment and one way we are doing to improve on its contribution to employment is by increasing budgetary allocation to the sector.
 
However, we are constraint by the intricacies surrounding budget preparation. We are still behind the Maputo regulation of allocating at least 10 per cent of budgetary allocations to agriculture, but we are working on improving funding for the sector.
 
We are trusting God that with the campaign and sensitisation going on to increase funding and attracting investment to the sector, we will be able to address the issue of unemployment. Funding is the biggest challenge
 
What legislative interventions are there to encourage processing of agric products
 
We had a meeting with minister of agriculture some days ago and he informed us that he has about three executive bills on the issue of issue of backward integration and processing of agricultural products. When we receive the bills we work on them and pass them expeditiously. We are looking at all possible areas of legislation to rescue the sector.
 
One area is wheat importation which government is trying to stop. We are legislating the specific content of wheat in locally produced bread to discourage importation and promote local production of the product. This just one among the bills we are are looking at others are on controlling pricing of commodity index to agricultural products to encourage production
 
Any specific message from you to participants?
 
Nigeria needs to be encouraged both by world financial institutions and key players in agriculture. That is what we need at this point of our development. The message is that we have the potential and if given the necessary support we will able to break grounds.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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NIGERIA: NAMA Installs Solar Powered Lights at Lagos Airport Runway

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Read Time:1 Minute, 42 Second
The Nigerian Airspace Management Agency (NAMA) has installed solar powered lights at the domestic runway of the Murtala Muhammed International Airport, Lagos, known as Runway 18L.
 
The installation would guarantee uninterrupted light at the runway and would cost less to maintain as the agency intends to extend the project to other airport.
 
THISDAY learnt that work has already started at the Port Harcourt runway for the solar powered back up light and it would be extended to four other airports.
 
This is part of the N290 million contract awarded to Stormberg Power Limited by the management of NAMA for the procurement, implementation and commissioning of hybrid power backup solutions in six airports across the country.
 
The hybrid power is required to ensure uninterrupted power in running the Agency’s navigational aids critical for aircraft landing at the airports.
 
The project is to ensure greater safety in the Nigerian airspace and the solution consists of solar panels, charge controllers, deep cycle batteries and solar array mounting support.
 
Others are trunk construction armoured cable accessories, galvanized steel battery racks and pure sine wave inverters.
 
The solution is always on line, thus in the event of a power failure from the national grid, changeover time to the backup system is in milliseconds and virtually unnoticeable.
 
The deal with Stormberg Power Solutions also entails the provision of a set of thorough operational guidelines, detailing operational and maintenance guidelines and a step by step scenario and troubleshooting procedure.
 
With this collaboration, NAMA and Stormberg Power Solutions are geared up to the necessary and significant challenge of improving air travel and safety in the nation’s airspace by rapidly deploying advanced power solutions in the country’s airports.
 
With the solar power, NAMA would be spending less powering its lighting system and other equipment and airlines and other jet owners would be served better with uninterrupted runway lights.
 
The agency spends huge resources on fuelling generators that power its essential equipment.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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Police: Four Killed in Taraba Attack

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Read Time:59 Second
The police in Taraba yesterday said gunmen suspected to be herdsmen attacked Dinya village in Gassol Local Government Area of the state and killed four persons.
 
The Police Public Relations Officer (PPRO), Taraba Police Command, ASP Joseph Kwaji, who confirmed the incident while briefing journalists in Jalingo, the state capital, said the gunmen also set 30 houses on fire.
 
“The police, on arrival at the scene of the attack, recovered 13 empty shells of AK47 rifle, four cartridges and an assault rifle,’’ he said.
 
The PPRO, according to the News Agency of Nigeria (NAN), disclosed that detachments of the police and army had been drafted to the area, adding that investigation into the incident was ongoing.
 
The Ward Head of Danacha, Daniel Mbaterem, who also confirmed the attack, said the gunmen stormed the village at about 8a.m. and began killing the villagers and burning houses.
 
The Jukun, Tiv and Fulani communities had recently signed a peace deal to end hostilities in the state.
 
Violence had engulfed parts of Taraba for over one month, leading to the death of over 50 people and the destruction of property.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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Three Abducted Dutch Nationals Regain Freedom in Bayelsa

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Read Time:1 Minute, 15 Second
The three Dutch nationals who were kidnapped by unknown gunmen at Letugbene in Ekeremor Local Government Area of Bayelsa State last week were released on  Saturday night, the police said Sunday.
 
The Police Public Relations Officer in the state, Mr. Alex Akhogbe,  confirmed the release of the Dutch nationals in a telephone interview with the News Agency of Nigeria (NAN) in Yenagoa.
 
“The Commissioner of Police, Mr. Hilary Okpara, handed the Dutch nationals over to the Dutch Ambassador to Nigeria, Mr. John Groffen, on Saturday night at the police headquarters in Yenagoa.
“They were freed earlier in the Southern Ijaw LGA and were handed over immediately to the ambassador by the Commissioner of Police after a debriefing.
 
“Afterwards, they were taken to the Government House in Yenagoa,” he said.
He said the abducted men were on a fact-finding mission to the Dodo River communities and visited Amatu Cottage Hospital built by Chevron.
 
The police spokesman said the Dutch nationals were returning to Warri in Delta when they were seized by some armed men.
 
The Dutch nationals, Erhard Leffers, Marianne Hendricks-Vos and Yandries Groenenedijk, were kidnapped alongside two Nigerians on May 4.
 
The two Nigerians, Sunny Ofehe and Femi Soewu, were however reportedly set free on May 5.
It was gathered that the foreign nationals were released at Ekeni Community in Southern Ijaw LGA.
The police spokesman said no ransom was negotiated with the abductors.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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