March 2023 - Page 3 of 4 - Patoma Business Online

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Speech Delivered by Dr. Akinwumi A Adesina President, African Development Bank Group At the Official Launch of the Investment in Digital and Creative Industries (I-DICE) – State House Conference Center, Abuja – Tuesday, 14 March 2023.

Your Excellency, Professor Yemi Osinbajo, Vice President of the Federal Republic of Nigeria,

Your Excellencies, State Governors,

Honourable Minister of Finance, Budget and National Planning, Zainab Ahmed

Honourable Minister of Industry, Trade, and Investment, Adeniyi Adebayo

Honourable Minister of Communications and Digital Economy, Isa Ali Pantami

Honourable Minister of Information and Culture, Lai Mohammed

Honourable Minister for Science, Technology and Innovation, Senator Adeleke Mamora

Your Excellencies, Ambassadors

The President of the Islamic Development Bank, Muhammed Al Jasser

The Chief Executive Officer of the Agence Francaise de Developpement, Remy Rioux,

The Chief Executive Officer of the Bank of Industry, Nigeria, Olukayode Pitan

Director Generals, Executive Secretaries, and heads of government agencies,

Young business leaders of Nigeria,

Youth entrepreneurs,

Distinguished ladies and gentlemen.

I am delighted to join you today for the official launch of the Investment in Digital and Creative Enterprises (I-DICE). I wish to commend the Federal Government for this initiative. The initiative is timely, strategic, and transformative as it will build the ecosystems to support more competitive entrepreneurs powered by digital technologies.

I am very proud of the African Development Bank Group’s leading role in this initiative, which has the potential to generate millions of jobs for Nigeria’s youths. The urgency of leveraging the implementation of i-DICE for sustainable job creation, and economic transformation, is now.

With over 70% of Nigeria’s population under the age of 30, Nigeria has one of the greatest assets in the world. Some would call this a challenge to be managed. I call it an opportunity to be unleashed. It’s time to do things differently.

Yes, we gather to launch the initiative, but what we are really launching is more than this initiative. We are launching hope for the youth. We are launching platforms that will enhance the ability and capacity of Nigeria’s youth to thrive. We are launching the creation of millions of jobs. We are retooling Nigeria to be more competitive in an increasingly digital world. We are creating hope for a new Nigeria, driven by the power of the youth.

What Nigeria does with its youthful population will determine the future of Nigeria. Its future in terms of first-rate education to make them competitive. Its future in terms of skills to fill jobs today and create jobs of tomorrow. Its future in turning its dynamic, talented, and entrepreneurial youths into revenue assets.

It is time to create youth-based wealth for Nigeria. Youth-based wealth will rapidly expand the creation of jobs, expand the fiscal space with new sources of taxes, and support a more inclusive Nigerian economy, now and well into the future.

That is why, shortly after I was elected President of the African Development Bank, we launched the Jobs for Youth in Africa strategy. We project that the program will create 25 million new jobs by 2026 that focus on practical and high-impact solutions.

We are making great strides.

From 2016 to 2021, the African Development Bank supported the creation of over 12 million jobs, 3.1 million of which were direct and nine million indirect. This has been made possible through our high employment impact operations and special initiatives in key sectors such as agriculture, infrastructure, energy, and financial sectors, as well as in the digital and creative industries.

Additionally, the Bank’s Coding for Employment program has provided onsite centres and digital training platforms that have equipped 23,200 youth from 45 countries with the skills needed to succeed in the digital job market.

We have invested $2 billion in 37 tech projects to improve national and regional broadband infrastructure, foster private investment, and support digital enterprises.

And the African Development Bank is currently designing and will soon roll out Youth Entrepreneurship Investment Banks, new financial institutions that will build robust financial ecosystems around the businesses of young people across Africa.

That is why we like I-DICE: it is visionary, sees the future and prepares Nigeria for it.

That future is here. Every aspect of life is being transformed digitally. Think of digital financial services for money transfers, payments, banking, and insurance.

Think of e-health with rapid growth of digital platforms that aggregate services of medical doctors, pharmacists, and diagnostic service providers.

Think of e-government for better and more accessible service delivery to citizens.

Think of education, with digital platforms that connect teachers, tutors, and delivers open digital curriculum for enhanced and easily accessible learning for students.

When you think digital, think global.

It is estimated that the size of digital global health will expand from $217 billion in 2022 to over $1 trillion by 2031, an incredible growth.

The size of Africa’s digital economy will rise from $115 billion today to $712 billion by 2050. Most of this growth is already being driven by four countries, Nigeria, South Africa, Kenya, and Egypt.

The expansion of the digital economy is driven by several factors including the rapid growth in the youth population, the ubiquitous nature of access to mobile phones especially smart phones, increasing investments in supportive digital infrastructure, and the spark in digital entrepreneurship and innovations during the economic challenges imposed by the Covid-19 pandemic.

These digital trends hold great promise to help create massive number of jobs. For example, estimates by Endeavor (2022) show that expanding digital infrastructure by 10% will lead to a 2.5% annual growth in GDP in Africa. Furthermore, expanding access to the internet in Africa from the current 33% to 75% can help create 44 million jobs, including 3 million jobs in online services by 2025.

We are already witnessing in Nigeria the power of digital technologies, tools, and platforms. Nigeria currently has 5 out of the 11 digital companies that have reached the status of unicorn with market valuation of $1 billion. Names that come to mind include Jumia, Interswitch, Opay, Flutterwave and Andela, mainly in the fintech space.

Nigeria’s poor and fragmented cargo transport system is getting transformed gradually, thanks to Kobo 360 a digital logistics platform launched by two young Nigerians, Obi Ozor, and Ife Oyedele. It is incredible that between 2018 and 2020 the Kobo360 platform has connected 50,000 trucks and truck drivers and helped to move freight worth $200 billion (Source: Endeavor, 2022).

The creative industry in Nigeria is growing rapidly, in line with similar trend in Africa. The creative industry in Africa generated over $14 billion in revenue annually between 2015 and 2018 and is projected to help create close to 3 million jobs by 2025. Nigeria has yet to fully tap into and unleash the power of its creative industry which still needs efforts to promote content creators, supportive infrastructure, and access to financing for the film, media, fashion, visual arts, tourism, hospitality, and entertainment industries.

The I-DICE program will help to fill some of these critical gaps by supporting enterprise and skills development, access to demand-driven digital and creative skills, entrepreneurship skills, ICT enabled infrastructure, as well as expanding access to finance.

The African Development Bank is pleased to be a partner with the Federal Government of Nigeria on the $618 million I-DICE program. The African Development Bank is providing $170 million in financing to the program.

I am delighted that we have been able to mobilize additional co-financing of $217 million towards the program. I wish to thank our partners, the Agence Francaise de Developpement (AFD) that is providing $100 million; and the Islamic Development Bank that is providing $70 million. I also thank the Bank of Industry and the Federal Government of Nigeria for providing $45 million in counterpart funding. Through the independent fund managers for I-DICE, the program will raise an additional capital of between $131 million and $262 million.

The I-DICE program is set to be a real game changer.

It will help to create 6.1 million direct and indirect jobs and equip more than 175,000 young people with the technology and creative skills needed to drive innovation and foster entrepreneurship.

To start with, I-DICE will support 451 digital technology start-ups, 226 creative enterprises and 75 enterprise support organisations.

The benefits of the program to Nigeria’s economy are projected to be worth $6.4 billion.

Your Excellency, Ladies and Gentlemen,

I would like to express my profound appreciation for the Federal Government of Nigeria’s unwavering commitment to the I-DICE program. H.E. President Buhari’s personal endorsement of the Program in June 2022 is a great manifestation of the high political ownership of Nigeria’s innovation agenda.

I also highly commend the dynamic leadership of the Steering Committee of the Advisory Council on Innovation and Creativity chaired by H.E. Vice President Yemi Osinbajo that has spearheaded the design of I-DICE. The enactment of the Start-up Act in October 2022 provides a strong boost to the Federal Government of Nigeria’s efforts to enhance the enabling environment for the development of start-ups, as well as position Nigeria as Africa’s leading digital technology centre.

Thank you, Your Excellency Mr. Vice President, Professor Yemi Osinbajo for your exceptional leadership and foresight in shaping the design of the I-DICE Program. There are many things you will be remembered for, but I can tell you that nothing will be more than your unrelenting passion for the youth and your drive to ensure that you prepare them for the digital world. Thank for your outstanding leadership and service for our nation.

With the I-DICE, H.E. President Buhari, yourself, Mr. Vice President, and the Federal Government would leave behind a legacy for the future growth and dominance of Nigeria in the digital and creative industries, in Africa, and globally.

Together, let us use I-DICE to unleash an ecosystem that will drive the emergence of more dynamic and competitive youth entrepreneurs from Nigeria.

Let us unleash the wealth creating potential of the digital and creative industries.

Let us foster the emergence of a stronger Nigeria.

A Nigeria, built on the dynamism and creativity of its young people.

Let us bring the future of the youth into the present.

May God Bless Nigeria!

by Patoma Admin — March 15, 2023 in Banking & Finance 0

Leadway Pensure wins overall performance of PFA in W/A

By Favour Nnabugwu

Leadway Pensure PFA Limited, one of Nigeria’s foremost Pension Fund Administrator (PFA), has been named West Africa’s Most Outstanding PFA Brand of the Decade at the 2023 edition of the West Africa Brands Excellence Awards.

The award organisers recognised the leading PFA for its tenacious and extraordinary accomplishments, efficient service delivery, industry dominance, and customer satisfaction, through innovative and bespoke product portfolio, to its varying customers for over a decade across West Africa.

Speaking on the significant achievement, the Managing Director/Chief Executive Officer of Leadway Pensure PFA Limited, Lanre Idris, stated that the award adds to the potpourri of recognitions received by the brand for its stellar, unparalleled commitment and exceptional delivery of superior financial solutions to its customers.

“This award is a testament to the brand’s DNA and corporate culture hinged on sustained and impeccable service delivery, cutting edge and technology-driven pension solutions targeted at actualising the possibilities for ultimate customer satisfaction.

“Over the years, Leadway Pensure PFA envisioned delivering unrivalled pension services and financial security in retirement beyond the shores of our immediate community. This recognition is a validation that we are progressing in the right direction to steer the course gradually and tenaciously toward African dominance in the pension space. This is an unflinching commitment despite volatile economic realities on the continent and globally. We remain resolute in prioritising operational excellence and generating enviable investment returns for our customers.

“I commend our team for their tenacity, leadership, and excellence in ensuring that our promises to various stakeholders become realities. Riding on the famous assertion that the reward for hard work is more work, I will like to remind the team that this is also a clarion call to not relent but continually push the boundary for phenomenal outcomes”, he added.

Before this recognition, the brand has received multiple awards, such as “Africa’s Most Impactful Pension Fund Administrator of the Year 2022 by Africa Fintech Brands Innovation Awards 2022”, the “Innovative Pension Fund Administrator of the Decade by Marketing Edge Awards, and Summit 2022”, and the “Most Preferred Pension Fund Administrator of the Year 2022 by International Standard Excellence Award.

The West African Brand Excellence Awards are organised yearly by the Institute of Brand Management of Nigeria (IBMN) to recognise businesses’ extraordinary accomplishments in the year under review across the sub-region.

Leadway Pensure P.F.A., an associate company of Leadway Group, is a leading pension administration and fund management company for value-driven aspirational individuals, corporate organisations, and federal and state institutions. Leadway Pensure P.F.A. is built on exceptional expertise and transparency, enabling the organisation to deliver simple, coherent, efficient, and outstanding financial services to clients and stakeholders.

by Patoma Admin — March 14, 2023 in Pension 0

69,889 registered new as RSAs in Q4 2022

By Favour Nnabugwu

A total of 69,889 new Retirement Savings Accounts, RSAs were registered at the quarter ended 31 December 2022, according to National Pension Commission (PenCom)

“A total of 69,889 new RSAs were registered and the associated PINs issued to employees in different sectors, in the quarter ended 31 December 2022,” PenCom stated.

PenCom noted that the breakdown of new registrations into the CPS by age and gender within the quarter showed that out of a total of 69,889 registrations, about 84 per cent or 58,948 of them were below 40 years of age. stressing that out of this number, 31,836 or 45 per cent were below 30 years of age.

PenCom stated that 84 per cent of Retirement Savings Account (RSA) registration in the fourth quarter 2022 are below 40 years, an addication that the younger generation are actively being enlisted into the Contributory Pension scheme (CPS)

PenCom noted that 42,404 or about 61 per cent of those that registered during the quarter were males, thus sustaining dominance over the female gender in terms of registration into the scheme.

In all of these, five PFAs collectively held about 57 per cent of the 69,889 RSAs registered in the quarter under review

PenCom also analyses the distribution of RSA registrations across PFAs in the fourth quarter 2022, revealed that Stanbic IBTC continued to maintain the largest market share of 23 per cent with 16,006 new registrations, followed by ARM Pension Managers (PFA) Limited which had 10 per cent market share with 7,312 new registrations, while Leadway, Sigma and Premium PFAs followed with 9 per cent, 8 per cent 7 per cent market share respectively.

by Patoma Admin — March 14, 2023 in Pension 0

Nigeria to Launch the Investment in Digita, Creative Enterprises Program (i-DICE) today

By Favour Nnabugwu

Nigeria’s Vice President, Prof. Yemi Osinbajo, the President of the African Development Bank Dr. Akinwumi Adesina, and other partners will launch the Investment in Digital and Creative Enterprises (i-DICE) Program in Abuja on Tuesday, 14 March 2023.

The launch marks the rollout of a flagship initiative that will drive vital funding for Nigeria’s digital and creative industries. In addition to the leaders of government, corporations, and development finance institutions, the event will feature youth working in the digital technology and creative sectors, students, and investors.

i-DICE is a major step toward significantly upscaling entrepreneurship and innovation in digital technology and creative industries, which include film, fashion, and music.

The program is part of the federal government of Nigeria’s efforts to build back better, greener, and more inclusively, and to create sustainable jobs for its surging youth population. It will consolidate the country’s position as Africa’s leading start-up investment destination and youth entrepreneurship hub.

i-DICE is co-financed by the African Development Bank, the Islamic Development Bank and Agence Française de Développement. The federal government of Nigeria is providing counterpart finance through the Bank of Industry, which also serves as the executing agency. A steering committee chaired by the vice president’s office will oversee the initiative in cooperation with a technical committee made up of business leaders, and government ministries, departments, and agencies.

The DICE Fund, a venture capital outfit to be created under the program, will draw additional funding from institutional and other private investors.

by Patoma Admin — March 14, 2023 in Banking & Finance 0

Buhari congratulates Nigerian professor for winning $300,000 history prize

By Favour Nnabugwu

President Muhammadu Buhari has applauded a Professor of History and African Diaspora Studies, Florida International University, Saheed Aderinto, for winning the prestigious Dan David Prize.

Dan David Prize is the largest financial reward for excellence in the historical discipline in the world.

In a statement issued by his spokesman, Femi Adesina, on Saturday, President Buhari commended the selection committee of the international award, created 21 years ago, for recognizing the vital and scholarly contributions of the Nigerian to the study of history, which sheds light on the human past.

President Buhari noted with delight that in acknowledging the works of the first and only Nigerian to win the prestigious prize of $300,000, the selection committee lauded the University of Ibadan trained historian for “situating African history at the cutting edge of diverse literature in the histories of sexuality, nonhumans, and violence, noting that it is exceptional to see a single person leading scholarship in all of these fields.”

The President expressed hope that this honour on the founding President of the Lagos Studies Association would continue to spur the teaching and learning of history among students and scholars in the country and beyond.

by Patoma Admin — March 11, 2023 in Education 0

NiMet warns Nigerians, pilots against thunderstorm, other hazardous weather as rainy begins

By Favour Nnabugwu

The Nigerian Meteorological Agency (NiMet), has warned Nigerians and pilots to be cautious of thunderstorms and other hazardous weather events as rainy season begins in earnest

In a statement signed by General Manger, Pubkic Relations, Mr. Muntari Yusuf Ibrahim, the Agency said the the warning is in line with the public presentation of the Seasonal Climate Prediction made by the Agency in January this year.

“NiMet predicted rainfall onset to be earlier than the long-term average in most parts of the country during the 2023 Seasonal Climate Prediction (SCP). The onset is expected to start from the coastal states of Bayelsa, Rivers and Akwa-Ibom in early March, progressively followed by the inland states and the Central states.”.

The statement noted that the recent thunderstorms recorded over parts of the coastal and inland states showed that the Agency’s prediction is on-point, reliable and accurate.

NiMet further cautioned that for areas where thunderstorms are expected, this weather hazard can cause significant disruptions, stressing that thunderstorms can lead to turbulence, lightning strikes, strong winds, heavy rainfall, down draught, microburst, and hailstones.

“All of these pose significant threats to safety of lives and property. The effects of thunderstorms are more hazardous to aviation industry, particularly the aircraft operations and passengers.

“Thunderstorms can also cause delays, diversion and cancellations of flights, as aircraft are often grounded in the face of severe weather”.

The Agency assures pilots the aviation industry and airport users that it has installed weather monitoring systems, thunder detectors, satellite receiving ground-stations and Automatic Weather System (AWS) across the airports (and other stations) nationwide as a measure to mitigate the effects of thunderstorms to the aviation industry.

The Agency has also developed a variety of products and services to help track the thunderstorms and its attendant hazards. The Pilot Briefing Rooms are always available for Services, it noted.

NiMet therefore advises all Pilots and Airline Operators to exercise caution during flight operations (during this adverse weather) due to the commencement of the rainy season.

The rains which are currently prevalent in the Southern parts of Nigeria and occasionally around the Central States, are usually accompanied by severe thunderstorms which are bound to affect air navigation. The Agency reiterated.

NiMet therefore enjoins Pilots/Flight Crew members to obtain adequate departure, enroute and destination weather information and briefing from NiMet offices prior to flight operations for effective planning in their air navigation operations.

by Patoma Admin — March 11, 2023 in Aviation 0

Nigerian woman on Italy wanted list extradited from Abuja to Rome

By Favour Nnabugwu

A Nigerian woman by name, Joy Jeff who has been wanted in Italy since 2010, flown from Abuja to Rome where she had been sentenced in absentia to 13 years in prison for crimes including running a prostitution ring, Italian police has announced.

The 48-year-old Joy Jeff was one of the few women on Italy’s most-wanted list of 100 dangerous fugitives, police said in a statement on Wednesday, describing her as a prominent figure in the Nigerian mafia in Italy that is reputed for trafficking women and girls from Nigeria to Italy, where they force their victims to prostitution.

The extradition was facilitated by a treaty signed by Nigeria and Italy in 2020. She was arrested in Nigeria on 4 June 2022, on an international warrant issued by Italy, the statement said.

Joy Jeff was arrested in Nigeria by the Department of State Services (DSS) at the end of an intense search operation in which the Nigerian police and Italian embassy officials in Abuja were actively involved. “The location of Joy Jeff is the result of the excellent cooperation ensured by the Italian immigration expert in Nigeria, who supported the action of the local police force to locate the place where the woman lived, testifying to the operational potential offered by the Italian network of security experts operating in 84 countries around the world,” a press statement by the Italian police said.

Italian investigators in the city of Ancona said Jeff played a leading role in trafficking women to Italy, Spain and the Netherlands, where they were forced into prostitution by violence and threats. According to the investigations carried out from 2006 to 2007, Jeff brought the girls from Nigeria to Europe and they were then initiated into the business of prostitution with the use of violence and threats of all kinds, extended also to their family members in Nigeria.

Video released by the Italian police showed the woman being flown from Abuja to Ciampino airport in Rome where she was taken away in a wheelchair by the police.

“Africa today is a strategic location when looking for fugitives and fighting organised crime,” said Vittorio Rizzi, an Italian police chief responsible for international coordination, the news agency Reuters reports.

The Italian police through the extradition action wants to send a strong message that their home country is also not safe for Nigerian criminals in Italy and that if they run back home, they will be caught and returned to Italy to face punishment for their crimes.

by Patoma Admin — March 11, 2023 in Metro 0

AfDB, Coalition for Dialogue on Africa, launch $5.9m project to stem illicit financial flows from

By Favour Nnabugwu

The African Development Bank and the Coalition for Dialogue on Africa (CoDA) have officially launched a three-year support project to improve regional coherent and coordinated response to illicit financial flows.

The project will help African stakeholders actively engaged in stemming such flows to improve domestic revenue mobilization in African countries.

The launch of the African Financial Integrity and Accountability Support Project (AFIAP) took place at the African Union headquarters on 7 March. The project aims to improve regional coordination of combating illicit financial flows and the oversight and accountability of public finances, for optimal revenue mobilization and management in African countries. It will support the coordinated implementation of recommendations of the High-Level Panel on Illicit Financial Flows(link is external) and the implementation of joint strategies and initiatives related to international taxation.

The grant will support CoDA in its role as the secretariat of both the AU High-Level Panel on IFFs, the Joint Secretariat of the Consortium to Stem IFFs from Africa, and the annual African Fiscal Policy Forum. The support will foster a coherent African response to illicit flows, in line with the AU Assembly Special Declaration on IFFs(link is external) passed in January, 2015, and will advance Africa’s continent-wide asset recovery agenda encapsulated in the Common African Position on Asset Recovery (CAPAR)(link is external) adopted in February 2020. This will be carried out by CoDA, the African Union Commission Departments of Economic Development, Trade, Tourism, Industry and Minerals and Political Affairs, Peace and Security Department, in collaboration with other national, regional and global actors.

The project targets selected African Development Bank member countries, with a particular emphasis on public sector capacities in low-income countries, to reinforce resilience via training, policy research and advocacy activities.

The Bank’s support is in line with the objectives of its Strategy for Economic Governance in Africa (2021 – 2025), its policy and strategic framework and action plan to prevent Illicit Financial Flows in Africa (2017 – 2021, extended to 2023), and “High Five objective that aims to “Improve the quality of life” for the people of Africa. It is consistent with ongoing similar support to regional organisations to stem illicit flows from the African continent..

The ceremony was witnessed by the Bank’s Deputy Director-General for Eastern Africa Regional and Business Delivery Office, Abdul Kamara, and the Executive Director of CoDA / HLP Secretariat, Souad Aden-Osman. Several other officials from the Secretariat, the African Union Commission and the Bank also attended the event.

Abdul expressed satisfaction with the project, noting that it is in line with the High-Level Panel’s mandate to promote a coordinated response of the Bank’s regional member countries in ensuring that policies and practices are mobilized in addressing financial crime, tax avoidance, money laundering. “In addition to combating illicit financial flows, this project will contribute to promoting greater efficiency in public financial management in order to boost revenue mobilization and management,” Kamara said.

“CoDA welcomes this financial support of the AfDB. We are eager to work with the Bank in ensuring Phase II of the implementation of the Panel’s recommendations is well underway. This collaboration with the AfDB is highly useful in this regard and on behalf of its Board of Directors and the High-Level Panel on IFFs from Africa, CoDA is thankful to the President, Management and Board of the AfDB for their continued support”, Aden-Osman said.

by Patoma Admin — March 11, 2023 in Banking & Finance 0

Nigeria’s foreign trade rises 41% to N52.3 trn in 2022

By Favour Nnabugwu

Nigeria’s foreign trade rose year-on-year (YoY) by 41 percent to N52.3 trillion in 2022 from N36.9 trillion in 2021.

The National Bureau of Statistics, NBS, disclosed this today in its Fourth quarter 2023 (Q4’23) Foreign Trade in Goods report.

According to the NBS, total foreign trade in 2022 comprised of N25.6 trillion imports and N26.79 trillion exports.

However, foreign trade fell quarter-on-quarter (QoQ) by 4.9 percent to N11.9 trillion in Q4’22 from N12.2 trillion in Q3’22 due to a decline in import .

This resulted in a 143 percent rise in trade balance to N907.8 billion in Q4’22 from N409.3 billion in Q3’22.

NBS said:”In Q4’22, Nigeria’s total trade stood at ₦11.7 trillion of which total exports stood at ₦6.35 trillion and total imports amounted to ₦5.36 trillion.

“On an annual basis, total
trade was ₦52.38 trillion, total imports amounted to ₦25.59 trillion,and total exports were recorded at ₦26.79 trillion.

“Total exports increased in the fourth quarter by 7.2 percent and 10.3 percent when compared to the amount
recorded in Q3’22 (₦5.9 trillion) and the corresponding quarter in 2021
(₦5.76 trillion) respectively.

“Conversely, total imports declined by 15.5 percent in Q4’22 compared to the value recorded in Q3’22 (₦6.34 trillion) and fell by 9.7 percent when compared to the value recorded in the corresponding quarter of 2021 (₦5.94 trillion).

“The commodity with the largest export values in the period under review was Petroleum oils and oils obtained from bituminous minerals, crude’ with ₦4.9 trillion representing 77 percent, followed by ‘Natural gas, liquefied’ with ₦704.88 billion accounting for 11.08 percent, and ‘Urea, whether or not in aqueous solution’ with ₦160.56 billion or 2.52 percent of total exports.
“The commodities with the largest values of imported products were ‘Motor
Spirit Ordinary’(₦1.55 trillion), ‘Gas Oil’ (₦220.47 billion), and ‘Durum Wheat (Not in seeds)’ (₦187.96 billion). “

by Patoma Admin — March 10, 2023 in Foreign 0

NiMet DG now member of Scientific, Academic Advisory Board of AGRHYMET

by Patoma Admin — March 10, 2023 in Aviation 0