Despite diplomatic interventions: Ghanaians resume hostility against Nigerian traders – Newstrends
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Despite diplomatic interventions: Ghanaians resume hostility against Nigerian traders

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A Nigerian trader’s shop being sealed in Ghana as businessmen are stranded

Ten months after a series of high-level bilateral talks between the Nigerian government and authorities in Ghana aimed at addressing the nearly decade-long controversy that led to the closure of Nigerian traders’ shops in Ghana, the issues have taken a turn for the worse, Daily Trust investigation reveals.

Dozens of Nigerians have lost their sources of livelihood because of the blockade even as they called on the federal government to deploy other options to resolve the impasse.

It was gathered that between September 20 and 24, members of the Ghana Union of Traders Association (GUTA) had locked up additional shops belonging to Nigerians as part of a purported protest against foreigners who operate retail shops in their country.

During the recent onslaught, retail traders located at New Juaben South Municipality were the target.

The attackers said relevant laws of Ghana do not allow foreigners to engage in the retail market.

Dozens of shops have been locked this time in addition to the over 250 shops belonging to Nigerians locked in December 2019, July 2020 and December 2020.

Many of the affected traders said they were stranded and had to beg to feed. They were however reluctant to come back home despite a window created by the federal government to facilitate their safe return.

They said there was nothing concrete to sustain them when they come back home. At the centre of the lingering controversy was a $1 million (N410m) levy imposed on Nigerian traders and other foreign investors to pay Ghana Investment Promotion Centre (GIPC) before the shops would be opened.

Some of the traders said the levy was more than the capital they have and described the tax as a deliberate attempt to force them out of Ghana.

The conditions set by the Ghanaian authorities had triggered a debate in Nigeria and within the African sub-region, which many considered as a breach of ECOWAS’ trade protocols.

After receiving a formal complaint from its citizens at the onset of the imbroglio, the Nigerian government had set up a ministerial committee to find a lasting solution to the plight of the traders but it appeared not much had been achieved.

The committee was made up of representatives of the ministries of Interior, Trade and Investment, Foreign Affairs and the Nigerians in Diaspora Commission (NiDCOM).

After a meeting with a delegation of the Nigerian traders, the committee resolved to engage the Ghanaian government in every way possible to end the crisis, with a promise to evacuate any trader who may wish to return home.

Despite these efforts, the President of the Nigerian Traders Union in Ghana (NUTAG), Mr Chukwuemeka Nnaji, said there was hope in sight.

“Things are getting worse, members of the Ghana Union of Traders locked up more of our shops yesterday night (a fortnight ago),” he said.

“After the visit of the government delegation from Nigeria, the Ghana Ministry of Trade invited us for a meeting with GUTA and a task force was formed and inaugurated. We had second and third meetings and we could not continue because of the way the whole thing was going,” he said.

Resumption of hostilities

In a joint committee meeting of Ghana and Nigerian traders, the committee on foreign retail trade asked the leadership of the Nigerian traders to provide it with the data of their membership and other relevant documentation on their businesses.

The Nigerian traders asked for time to produce the documents and which was granted, it was learnt.

However, NUTAG reportedly failed to provide the needed information and told the committee that they could not comply with the request of the joint committee.

This move, it was learnt, prompted a press statement by GUTA which was issued on September 13.

It was signed by its Secretary-General, Alpha A. Shaban in which he said that NUTAG completely rejected the special dispensation offered to them by the government of Ghana after a series of diplomatic efforts by both Ghana and Nigeria governments.

“This incongruous attitude of the Nigerian traders in Ghana is not only an affront but also a well-orchestrated ploy to frustrate the committee, state and people of Ghana.

“Because of this, we, of the Ghana Union of the Traders’ Associations wish to appeal to the committee on foreign retail trade to, as a matter of urgency, resume its operations without any delay as the behaviour of the Nigerian traders has seriously provoked Ghanaian traders and reignited agitations in the markets.

“We hereby want the world to bear witness to the fact that we (GUTA) have given some concessions to our Nigerian counterparts, but they have failed to accept for which there is nothing more we can do than to call for immediate continuation of the operations of the committee on foreign retail trade to ensure sanity in our markets.”

In a swift response, Mr Nnaji said, “We were invited for an emergency meeting during which we were handed a document which states a specific task we are expected to perform.

“It said NUTAG should go and collect all the business documents of our members, including their tenancy agreements of the respective shops or stalls.

“That the concession now is just to allow our members who have not registered with the GIPC to stay out the remaining days, months or years of their tenancy agreement after which they are supposed to pack out because the rent for those shops shall not be renewed and will not be allowed to rent shops anywhere in Ghana.

“After politely raising objection to the stance by the other side of the committee to profile Nigerians first without first opening the shops or considering our legitimate concerns as prescribed in the ECOWAS protocols, we were vilified,” he said.

The president said the threat was unfortunate and called on the President of Ghana, his counterpart in Nigeria, the ECOWAS Commission and the international community to strongly condemn the ugly development.

Over 3,000 traders threatened, lost over N2.9bn so far

Speaking on the number of traders affected, the Secretary-General of the Nigerian traders in Ghana, Comrade Evaristus Nwankwo, said, “I can only talk about the union because thousands of Nigerians in Ghana do not belong to NUTAG. Over 5,000 Nigerians are trading in Ghana but the union has a little over 3,000 members”.

On the estimated loss arising from the closure, Nwankwo said they were still collating the figures.

“We have lost over $5m (N2.9bn) in forfeiture of rents already paid and goods that expired with the shops under lock and keys. This is not to talk of human lives as a result of inadequate medical treatment because of lack of money,” he said.

Recurring bilateral talks

Daily Trust recalled that Vice President Yemi Osinbajo had during his last visit told Nigerian traders in Ghana that the Nigerian government was not aware that their shops had remained closed after President Muhammadu Buhari spoke to President Nana Akuffo Addo of Ghana.

Osinbajo made the statement when he visited the Nigerian Community in Ghana after participating in the Extraordinary Summit of ECOWAS on Mali’s political impasse.

Prof. Osinbajo, who was received by the executives of the Nigerian community, corporate bodies and a high powered diplomatic team led by the Nigerian High Commission, assured the Nigerian community that justice will be done while urging them to remain calm and not retaliate. In a follow-up, the Minister of Foreign Affairs, Geoffrey Onyeama, had last year summoned Ghana’s Chargé d’Affaires to Nigeria, Ms Iva Denoo and discussed the closure of shops of Nigerians in Accra to address the issue.

Onyeama described the action taken by the Ghanaian authorities as politically motivated but his Ghanaian counterpart, Shirley Ayorkor Botchwey, countered, insisting that the crackdown was on illegal foreign retail businesses in Ghana.

Also, the Speaker of the House of Representatives, Femi Gbajabiamila, and the Speaker of the Ghanaian Parliament, Mr Albert Bagbin, had a zoom meeting on April 2, 2021, in a bid to find lasting solutions to the trade dispute.

During the meeting, Gbajabiamila updated his counterpart on his visit to Ghana towards the end of 2020, to douse tensions and extract commitments from the Ghanaian government.

Also, following the Daily Trust story in May this year, President Muhammadu Buhari directed that a ministerial delegation led by the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, be sent to Ghana to resolve the lingering conflict.

Legal, political and economic dimensions of the crisis

Speaking exclusively to Daily Trust on the latest development, the Executive Director, Centre for Trade and Business Environment Advocacy (CTBA), Barrister Leonard Otuonye Ugbajah said there were many dimensions to the problem.

He said there was a legal ground to challenge the discrimination against Nigerian traders in the ECOWAS Court of Justice but added that for some reason, Nigeria had not followed this course.

Ugbajah said: “There is a lot of talk about the rights of Nigerian traders as ECOWAS citizens to reside in and trade in Ghana. However, the non-discrimination provision of the Protocol allows member states to make an exception.

“If for a specific activity a member state is unable to accord such treatment, the member state must indicate as much, in writing, to the executive secretariat. Other member states shall then not be bound to accord non-discriminatory treatment to nationals and companies of the state concerned.

“To the best of my knowledge, I don’t think Ghana has taken this route. Rather, they have gone ahead to enact the Ghana Investment Promotion Act, which is the main bone of contention. The Act has placed an extremely high threshold for community citizens (Nigerian included) who have been traditionally engaged in open market trading in Ghana.”

On the political dimension to the crisis, Ugbajah said, “Ghanaian traders and government officials are quick to remind us that the Nigerian government does not also abide by its commitments under the ECOWAS Treaty and various instruments. For example, policies or measures like import prohibition, border closure, among others, in some ways, violate Nigeria’s commitments under ECOWAS instruments. So, Nigeria lacks the moral authority to pontificate on this matter.

Speaking on the economic dimension, he said, “You can’t fault their concern from a purely economic survival standpoint. If the tables were turned, Nigerians would probably do the same.”

Asked if the African Continental Free Trade Area (AfCFTA) could address the imbroglio, he said there was nothing new in it that could solve the problem.

“Nigeria could negotiate with Ghana to reduce or eliminate the capital requirements and other conditions for Nigerian traders in Ghana in exchange for some bilateral concessions to Ghana,” he said.

We’re not aware of recent onslaught- Diaspora commission

When contacted, the head of media and public relations of the Nigerians in Diaspora Commission (NIDCOM), Abdur-Rahman Balogun, said he was not aware of the latest development.

He said the committee set up by President Buhari, which had the ministers of foreign affairs, trade and industry, internal affairs and Nigeria in Diaspora Commission, with the representatives of Nigerian traders in Ghana had interceded.

“They met and visited Ghana to iron out all the grey areas and they came back and submitted their report to Mr President.

“So, I am surprised to hear that they started closing Nigerian businesses in Ghana… I am surprised”.

When asked about the government’s feelings on the recent closure despite the diplomatic intervention, he said, “As a matter of fact, until I have the details. But, it is wrong because Ghana and Nigeria are countries that have come a long way as brothers and on this matter, the two presidents have met, the two vice presidents have met, the two speakers of the parliaments have met, ministers of foreign affairs of the two countries have also met and the committee set up by the two countries have also met and they are taking the matter to ECOWAS to mediate,” he said.

Also, the Ghana Ministry of Trade and Industry has called for calm between GUTA and the traders. The ministry asked GUTA to rescind its decision to close down all shops belonging to Nigerians as authorities from both countries were set to meet to address the matter.

In a statement quoted by Ghana web on October 2, the ministry said representatives from Ghana International Trade Commission and the Nigeria High Commission met on three occasions to address the impasse but the outcome was inconclusive.

The ministry said it has scheduled a meeting for October 5.

Sunday M. Ogwu, Hamisu K. Matazu & Balarabe Alkassim, Daily Trust

 

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Adebayo Ogunlesi, 2 other Nigerians make Forbes 50 wealthiest Black Americans list 2024

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Adebayo Ogunlesi

Adebayo Ogunlesi, 2 other Nigerians make Forbes 50 wealthiest Black Americans list 2024

Forbes has unveiled its 2024 ForbesBLK 50 list, celebrating the achievements of the wealthiest and most influential Black Americans.

Among the honorees are three Nigerians—Adebayo Ogunlesi, Tope Awotona, and Wemimo Abbey—whose groundbreaking contributions and entrepreneurial successes have earned them places on this prestigious list.

The ForbesBLK 50 is a reimagining of Forbes’ 2009 Wealthiest Black Americans list, which then featured figures like Oprah Winfrey, Michael Jordan, and Magic Johnson.

While net worth remains a core metric, the new list also highlights innovation, societal impact, and leadership across diverse industries.

Adebayo Ogunlesi, with a net worth of $1.7 billion, stands out as a pioneering force in global infrastructure investment. As chairman and cofounder of Global Infrastructure Partners (GIP), Ogunlesi led the private equity firm through a transformative acquisition by BlackRock in 2024 for $12.5 billion.

  • Ogunlesi, a Harvard-educated lawyer and banker, previously spent over two decades at Credit Suisse before launching GIP in 2006.
  • His influence extends beyond business, as he has become a key figure in reshaping infrastructure investment on a global scale.

Also, Nigerian entrepreneur,Tope Awotona, the founder and CEO of Calendly, has redefined efficiency in scheduling and holds a net worth of $1.4 billion.

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  • Born in Lagos, Awotona moved to Atlanta as a teenager and pursued business and management information studies at the University of Georgia. After early entrepreneurial setbacks, he launched Calendly in 2013, driven by frustration with cumbersome meeting coordination. The platform, which raised $350 million in 2021, is now valued at $3 billion and serves millions of users worldwide.

Although not a ranking, Wemimo Abbey, at just 32, is the youngest Nigerian on the list and cofounder of Esusu, an African fintech company addressing financial inclusion. Esusu helps renters build credit by reporting rent payments to credit bureaus, a service utilized by more than 20,000 properties and benefiting 1.8 million Americans.

  • In 2022, Esusu achieved a $1 billion valuation following a $130 million funding round. Abbey, who grew up in Lagos, has a background in mergers and acquisitions consulting and a passion for leveraging technology to drive social impact.

These three Nigerians show innovation, resilience, and the drive to address pressing global challenges. Their inclusion on the ForbesBLK 50 list is a foretelling of their entrepreneurial vision and the increasing influence of Nigerians on the global stage.

The ForbesBLK 50 list, launched under ForbesBLK, aims to go beyond net worth to measure impact and influence within the Black community and beyond.

Adebayo Ogunlesi, 2 other Nigerians make Forbes 50 wealthiest Black Americans list 2024

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Northern youths say new tax regime bill designed to ruin region

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President Bola Ahmed Tinubu

Northern youths say new tax regime bill designed to ruin region

Coalition of Northern Groups, Taraba State chapter, has expressed concerns that the proposed Tax Reform Bill by President Bola Ahmed Tinubu’s administration is cunningly designed with all premeditated intent and purposes to further develop the southern Nigeria at the expense of the north.

The northern youths, who lamented the economic hardship in the country, concluded that the effect bears more scars on the region than any other.

Aside from the new Tax Reform Bill, the group also condemned the federal government’s land-border closure, alleging that the ideas favour the South more than the North.

The group, in a statement signed by its coordinator, Comrade Idris Ayuba, made available to Vanguard Correspondent in Ilorin alleged that most difficulties the North faces are the repercussions of the decisions, citing the effect of Petroleum subsidy removal, land border closure and the new tax regime as few examples.

He noted in the statement that”reduction in the consumption of a capital commodity like petroleum occasioned by the subsidy removal is not a manifestation of a positive policy impact; it rather indicates reduced economic activities that force people out of energy consumption,”

On the land border closure, Idris said: “One of the primary concerns is the impact of this policy on the regional economy, which has been heavily reliant on cross-border trade with neighbouring countries. The closure has resulted in significant losses for traders and business owners in the region, exacerbating poverty and unemployment.

“The policy has given undue advantage to Southern Nigeria, for instance, the closure has led to an increase in demand for locally produced goods in Southern Nigeria, which has boosted the southern regional economy.

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“Additionally, the Southern region has benefited from the increased revenue generated from customs duties and taxes on imported goods.

“The closure has also created an imbalance in the distribution of economic opportunities, with Southern Nigeria having greater access to ports and international trade routes.

” This has resulted in a concentration of economic activity in the Southern region, further marginalizing Northern Nigeria,” Idris explained in the statement.

Northern youths say new tax regime bill designed to ruin region

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BREAKING: National Assembly extends lifespan of 2024 budget

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Senate President, Godswill Akpabio

BREAKING: National Assembly extends lifespan of 2024 budget

President of the Senate, Godswill Akpabio, has explained that the impressive performance of the 2024 national budget encouraged members of the National Assembly to extend the lifespan of the 2024 budget beyond December 31 this year.

Akpabio gave the explanation Wednesday in his welcome address during the presentation of the 2025 national budget to the joint session of the federal parliament.

He said, “We have noted the 2024 budget performances of 50% for capital expenditure and 48% for recurrent expenditure respectively.

“Given these great achievements, we have deemed it necessary to extend the life of the 2024 budget to June 30, 2025.

“The enabling law for this extension has already been put in place by this patriotic Assembly, as a testament to our appreciation for the great performance of the budget, ensuring we build upon your momentum.

“We commend your steadfast commitment to collaborate, cooperate and work with the National Assembly to achieve your grand vision for Nigeria.”

As the red chamber planned to start deliberations on the budget proposals, Akpabio warned heads of the various ministries, departments and agencies of the Federal Government to make themselves available for the budget defence.

He said: “Let me take this opportunity to stress the importance of the honourable ministers and heads of extra-ministerial departments being prepared to respond promptly to requests for them to come and defend their sectoral allocation in the exercise of our legislative oversight.

“We have observed concerning the behaviour from some ministers and heads of extra-ministerial departments, who sometimes neglect their duty to promptly submit to legislative oversight, sometimes even disregarding invitations from relevant committees of the legislature.

“It is imperative they understand that we will not condone such breaches of the constitution going forward.”

Akpabio noted that under the President Bola Tinubu administration, Nigerians has “witnessed remarkable strides in economic reforms, aimed at enhancing our nation’s stability and growth”.

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According to him, “The courageous decision to remove fuel subsidies, though challenging, showcases your (Tinubu’s) unwavering commitment to redirecting resources to critical sectors such as education and healthcare.

“Your collaboration with the Central Bank has cultivated an environment ripe for investment, and your focus on infrastructure development reflects a visionary commitment to improving the connectivity that fuels our economy.

“Furthermore, your initiatives to strengthen our security framework stand as a testament to your resolve in tackling the pressing challenges of our time.“

The chairman of the National Assembly commended Tinubu’s efforts in the era of security.

“We commend your tireless efforts, along with those of our brave men and women in uniform, for liberating our lands from the grip of terror.

“Today, no community is under the threat of terrorism, a monumental achievement we celebrate together.

“The reduction in kidnapping incidents and the neutralization of over 11,000 terrorists and insurgents is a testament to patriotism, strength and determination,” Akpabio said.

The Senate President said Tinubu’s dedication to fostering international relations paves the way for fruitful partnerships that will propel the nation forward.

He said: “We are witnessing a resurgence in foreign direct investment, made possible by your visionary directives that ease the visa processes for Nigerians travelling to other countries, and at the same time welcome investors and tourists alike to our country.

“Your innovative approaches in our embassies and the Ministry of Foreign Affairs have opened new doors for Nigeria and its people. For this we thank you.”

He said the introduction of social welfare programmes embodies the president’s unwavering belief in uplifting the living standards of our citizens.

“You remind us that our nation is not merely constructed of bricks and mortar, but of the resilience and determination of its people.

“Nigerians are taking notice of your remarkable achievements. You have doubled aggregate government revenues to over NGN 18.32 trillion, reduced debt servicing expenditures from 97% to 68%, fulfilled $7.5 billion in foreign exchange obligations, increased oil production to 1.8 million barrels per day, and launched the Compressed Natural Gas initiative.

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“Your administration has processed over N45.6 billion for student payments, signed the National Minimum Wage Law, and raised the national minimum wage to N70,000 a month, all while providing over N570 billion in financial support to the 36 states,” Akpabio said.

He commended the groundbreaking tax reform initiative including the four tax reform bills, namely the Joint Revenue Board of Nigeria (Establishment) Bill, 2024; Nigeria Revenue Service (Establishment) Bill, 2024; Nigeria Tax Administration Bill, 2024; and the Nigeria Tax Bill, 2024.

He said the tax reform bills represented a monumental shift in the country’s fiscal landscape and that its critics haven’t read the proposed legislations.

The Senate President said: “It is disheartening that those who have not taken the time to understand these bills are the loudest critics.

“I urge all Nigerians, especially those in public office, to engage with these vital reforms thoughtfully.

“This initiative marks the first comprehensive tax reform since Nigeria’s independence, presenting a transformative opportunity for rejuvenating small and medium enterprises and enhancing the livelihoods of ordinary Nigerians.

“These reforms will not only improve Nigeria’s revenue profile but also create a more conducive and internationally competitive business environment, transforming our tax system to support sustainable development.”

Akpabio said the infrastructure renaissance has paved the way for many roads, including the coastal road and crucial arteries in the Abuja capital city and other parts of the country.

“These developments are not merely about concrete and asphalt; they represent the lifeblood of our economy, connecting our people and fostering growth,” he added.

He urged Nigerians to bear with the president whose economic reforms had imposed hardship on Nigerians but noted that: “We are light-years away from where we began, though some rivers remain to be crossed.

“The pains we feel are not merely the pains of hardship; they are the pains of childbirth. When that season arrives in Nigeria, when this administration births that season, we will rejoice for the struggles endured.

“For now, I ask for your patience and urge all Nigerians to cooperate with the president and maintain faith in his vision.

“Mr. President, while you cannot be everywhere, you have eyes everywhere. We, the distinguished senators and honourable members of the House of Representatives, are your eyes in our constituencies and every corner of Nigeria.

“When our constituents struggle to afford rice, they come to us. When their shoes pinch, they seek our assistance. When the economic alarm sounds, they turn to us.

“Therefore, we are committed to ensuring that you touch the hearts and pulse of Nigerians through these appropriation bills resonating with the sounds of hope and signalling the dawn of Nigeria’s economic rebirth,” he added.

Akpabio ended his speech by leading the members of the National Assembly to sing for the president as they all chorused, “On your mandate we shall stand” to the admiration of the legislatures and the guests.

 

BREAKING: National Assembly extends lifespan of 2024 budget

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