No child should go to bed hungry, Tinubu seeks French investment in Nigeria's food security – Newstrends
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No child should go to bed hungry, Tinubu seeks French investment in Nigeria’s food security

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President Bola Tinubu and France President, Emmanuel Macron

No child should go to bed hungry, Tinubu seeks French investment in Nigeria’s food security

President Bola Tinubu, Thursday, at the prestigious Palais des L’Élysée, told France President, Emmanuel Macron, that a starved nation will not care about weather or environment, and that in the 21st century no child should go to bed hungry.

President Tinubu at a high-profile meeting with President Macron also affirmed Nigeria’s strong commitment to enhancing cooperation in key sectors such as food security, energy, solid minerals, education, and defense. At a joint press conference, President Tinubu highlighted the vast, yet largely untapped potential within Nigeria’s agricultural sector and beckoned international investors to capitalize on the nation’s welcoming investment climate.

Tinubu in a statement by his Special Adviser on Information and Strategy, Mr. Bayo Onanuga, said: “The French-Nigeria Business Forum is doing a lot already, but we need to do more on food security. We cannot help but invest in another’s country.”

He emphasised Nigeria’s flourishing financial sector as a facilitator for foreign investment, particularly from French enterprises, as part of the drive to bolster food security.

“Nigeria’s financial sector is evolving and flourishing. We are also creating grounds for investment in Nigeria’s economy for French nationals, especially in the area of food security.

“It is our responsibility to put together a food security programme for the private sector to come and invest in the country.

“We are working on stability and we are getting closer and closer, but we can do better and better,” the President stated.

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President Tinubu said Nigeria’s economy was being repositioned for more Foreign Direct Investment that will directly impact the livelihood of the citizens.

“I can assure you that Nigeria is open for business and close to this, we have a vibrant youth population that is educated, and ready to be trained in various areas of entrepreneurship and development,” he said.

The President implored the French government to extend to Nigeria trainings that will develop the youthful population.

“Furthermore, we should de-risk  the opportunities in the solid minerals. We have the potentials and we have agreed on a deeper and deeper relationship,” the President added.

President Tinubu noted that Nigeria, like most African nations, had been preoccupied with tackling issues of food security.

“A starved nation will not care about weather or environment, and in the 21st Century no child should go to bed hungry,” he told the French President, and his delegation.

“If an African child is given a glass of milk in a class, there will be no problem in getting him to return and stay in school to learn. The more educated the children are, the better it is for us,” he said.

On security, the President said: “Nigeria is a partner in progress. We are ready to partner France so that we can have security operations that will stop the challenge of migration.”

President Tinubu said the blue economy in Nigeria also provides a huge opportunity for investment, with unexplored potentials in fishery.

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“In Lagos, we have tamed the Atlantic ocean. For us, fishery is an important aspect of investment.

“We want to assure the French investment community that Nigeria is open for business. It shall be easy in, and easy out,” the President noted.

President Macron acknowledged President Tinubu’s state visit as a milestone heralding deeper bilateral relationships, particularly emphasizing collaborative growth in creative industries and youth-focused initiatives.

The French President noted that the global humanitarian challenges could only be solved with governments working together.

“We have confidence that you, Mr President will reinforce our relationship with Nigeria, and it will cover the West Coast region, with ECOWAS playing the leading role.

“I will seek your leadership to work as partners of progress. You are the great leader of the great country in Africa.

“We appreciate your visionary leadership and energy in transforming the economy of your country. We will work together for collective, global success,” he said.

President Macron had earlier assured that he would encourage more investments in the solid minerals sector, with the signing of an agreement, during a political meeting where the Minister of Solid Minerals Development, Mr. Dele Alake, made a presentation on the potentials.

Earlier, President Tinubu and First Lady Senator Oluremi Tinubu were welcomed with full honours at Hotel Les Invalides and Palais De l’Élysée by President Macron and his wife, Brigitte Macron.

 

No child should go to bed hungry, Tinubu seeks French investment in Nigeria’s food security

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2023 Hajj: NAHCON refunds N5.3b to states, tour operators

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November 29, 2024

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2023 Hajj: NAHCON refunds N5.3b to states, tour operators

The National Hajj Commission of Nigeria (NAHCON) said it has disbursed refunds amounting to N4.4 billion to 36 States’ Pilgrims’ Welfare Boards, the Federal Capital Territory (FCT) and the Armed Forces pertaining to the Masha’ir (core Hajj period) electricity services not rendered properly by the Saudi Authorities during the 2023 Hajj

The Head, Public Affairs, NAHCON, Malam Muhammad Musa, made this known in a statement on Thursday in Abuja.

Musa explained that in addition, the Commission has refunded a sum of N917,148,479.99 to 192 accredited Tour Companies that participated in the 2023 hajj.

” This amount is intended for onward disbursement to their respective pilgrims, while the remaining participating companies will also be refunded after due reconciliation.

“This refund underscores NAHCON’s commitment, under the leadership of its Chairman, Prof. Abdullahi Usman, to uphold transparency and accountability in the management of Hajj operations.”

Musa explained that all pilgrims who participated in the 2023 hajj were advised to contact their respective State Pilgrims’ Welfare Agencies, Boards and Commissions or tour operators to claim their refunds.

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“Each Pilgrim, is entitled to receive a refund of N61,080.00. A detailed breakdown of the number of pilgrims per state and the corresponding amounts is attached to this press statement.

“The commission hereby calls upon all 2025 hajj intending pilgrims to promptly deposit their hajj fares with their respective state pilgrims boards.

“This measure is essential to ensure the timely transmission of funds to NAHCON, thereby facilitating early arrangements of the 2025 Hajj in strict compliance with the guidelines set forth by the Kingdom of Saudi Arabia.

“In the interest of transparency and due process, NAHCON calls upon the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), and other relevant security agencies to closely monitor the refund process.

“This collaboration aims to ensure that all refunds are appropriately disbursed and reached the intended beneficiaries without any discrepancy,” Musa said.

 

2023 Hajj: NAHCON refunds N5.3b to states, tour operators

(NAN)

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Macron welcomes Tinubu, Remi in historic France visit

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18 hours ago

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November 28, 2024

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France's President Emmanuel Macron (R) and first lady Brigitte Macron (2ndL) welcome their Nigerian counterpart Bola Tinubu (2ndR) and Oluremi Tinubu

Macron welcomes Tinubu, Remi in historic France visit

President Bola Tinubu on Thursday began a two-day visit to France, with both countries seeking increased economic cooperation and Paris looking to boost ties in English-speaking Africa following a series of setbacks with former allies on the continent.

French President Emmanuel Macron met his counterpart at the historic Invalides Memorial Complex, with the first official state visit by a Nigerian leader in more than two decades.

The two national anthems sang out in the courtyard of one of Paris’ landmarks, kicking off a visit focused on encouraging economic partnerships between France and Africa’s most populous country.

Macron has sought a “renewal” between Paris and Africa since his 2017 election and after military coups and changing attitudes lessened France’s influence in Africa.

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The visit is “an opportunity to deepen the already dynamic relationship between France and Nigeria”, Macron’s office said.

Nigeria is Africa’s leading oil producer and has a robust film and entertainment industry.

However challenges posed by insecurity and corruption have left 129 million Nigerians — more than half the country’s population — living below the poverty line.

Nigeria is seeking to build ties in “agriculture, security, education, health, youth engagement, innovation and energy transition,” Tinubu’s office said in a statement, adding that the president had landed in Paris on Wednesday evening.

Tinubu and Macron will also address “shared values concerning finance, solid minerals, trade and investment, and communication,” it added.

Macron welcomes Tinubu, Remi in historic France visit

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Senate passes tax reform bills for second reading

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19 hours ago

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November 28, 2024

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Senate plenary

Senate passes tax reform bills for second reading

The Senate has passed, for second reading, the four tax reform bills that were forwarded to it for consideration for consideration.

After scaling Second Reading during plenary on Thursday, the President of the Senate, Senator Godswill Akpabio referred the four bills to the Senator Sani Musa, APC, Niger East led Committee on Finance to carry out other legislative action and report back in six weeks.

Prior to debate on the bills, the Senators had gone into a closed door session from 11.55am to 12.42pm.

The resolution of the Senate was sequel to presentation of the lead debate on the general principles of the bills by the Senate Leader, Senator Opeyemi Bamidele, APC, Ekiti Central.

In his presentation, Bamidele said that they are “A Bill for an Act to Establish the Joint Revenue Board, the Tax Appeal Tribunal and the Office of the Tax Ombud, for the harmonization, coordination and settlement of disputes arising from revenue administration in Nigeria and for related matters, 2024 (SB. 583).

“A Bill for an Act to Repeal the Federal Inland Revenue Service (Establishment) Act, No.13, 2007 and enact the Nigeria Revenue Service (Establishment) Act to Establish the Nigeria Revenue Service, charged with powers of assessment, collection of, and accounting for revenue accruable to the Government of the Federation, and for related matters, 2024 (SB. 584)

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“A Bill for an Act to Provide for the assessment, collection of, and accounting for revenue accruing to the Federation, Federal, States and Local Governments; prescribe the powers and functions of tax authorities, and for related matters, 2024 (SB. 585) –

“A Bill for an Act to Repeal certain Acts on taxation and consolidate the legal frameworks relating to taxation and enact the Nigeria Tax Act to provide for taxation of income, transactions and instruments, and for related matters, 2024 (SB. 586).

In his remarks, the President of the Senate, Senator Akpabio said that during the public hearing, experts will be invited as well as Governors under the aegis of Nigeria Governors Forum, NGF, traditional rulers and other stakeholders, just as he said that at the end of the day, the Senate will give to Nigerians and the country what is good.

The bills

Recall that on September 3, President Tinubu transmitted four tax reform bills to the National Assembly for consideration, following the recommendations of the Presidential Committee on Fiscal and Tax Reforms headed by Taiwo Oyedele for the review of existing tax laws.

The bills include the Nigeria Tax Bill 2024, which is expected to provide the fiscal framework for taxation in the country, and the Tax Administration Bill, which will provide a clear and concise legal framework for all taxes in the country and reduce disputes.

Others are the Nigeria Revenue Service Establishment Bill, which will repeal the Federal Inland Revenue Service Act and establish the Nigeria Revenue Service, and the Joint Revenue Board Establishment Bill, which will create a tax tribunal and a tax ombudsman.

Also recall that the same day, both the Senate and the House of Representatives embarked on the hurried recess, the National Economic Council, NEC, chaired by Vice President Kashim Shettima, resolved that the tax reform bills should be withdrawn from the National Assembly by President Tinubu for wider consultation.

But President Tinubu, on Thursday, October 31, responded to the request that the bills should be allowed to pass through the required legislative processes at both chambers which, according to him, will give concerned Nigerians the opportunity to get details on the bills and make their inputs, particularly at the stage of Public hearing.

 

Senate passes tax reform bills for second reading

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