Economy
FG To Partner Switzerland On Diversification Of Economy – Akpabio
FG To Partner Switzerland On Diversification Of Economy – Akpabio
FG to partner Switzerland on diversification of economy – Akpabio. The president of the Senate, Godswill Akpabio, says Nigeria is ready to partner with Switzerland to ignite innovation, diversify the economy, and create opportunities for generations to come.
He said this on Monday when he received the chairman and members of the Swiss European Free Trade Association (EFTA), who were at the National Assembly on a courtesy visit.
Mr Akpabio said that Nigeria, as the largest economy in Africa and a proud member of the African Continental Free Trade Area, was ready to engage with EFTA in ways that would transcend mere trade.
“We envision partnerships that will ignite innovation, diversify our economy, and create opportunities for generations to come.
“Switzerland, and indeed the European Free Trade Association, has long been a beacon of ingenuity and perseverance.
“Your work in advancing free trade and fostering economic cooperation has set a standard for what nations can achieve when they focus not on their divisions but on their commonalities.
“Our two nations, Nigeria and Switzerland, have already shared moments of profound partnership.
“One such moment was the historic agreement in 2017, when Switzerland returned $321 million in recovered funds to Nigeria.”
Mr Akpabio said that the gesture not only strengthened the bonds of trust between the two countries but also set a global example of accountability and mutual respect.
“It was proof that when nations act with integrity and in the spirit of justice, the world becomes a better place.
“Now, we have before us the opportunity to write the next chapter of our shared history.
“Nigeria, as the largest economy in Africa and a proud member of the African Continental Free Trade Area, stands ready to engage with EFTA in ways that will transcend mere trade.
“Nigeria’s economy is on a transformative journey under the leadership of President Bola Tinubu with bold reforms such as the removal of fuel subsidies and the unification of the naira exchange rate.
“These measures are laying the foundation for sustainable growth, with projections indicating a promising GDP growth rate of 4.17 per cent in 2025,” he said.
Earlier, Thomas Aeschi, the leader of the delegation and a member of the House of Representatives of Switzerland, said that it was a privilege to be in Nigeria.
“A country of immense potential and an indispensable partner for Switzerland in Western Africa.”
Akpabio
Mr Aeschi said that EFTA is an intergovernmental organisation that brings together four member states: Switzerland, Iceland, Norway, and Liechtenstein.
“It is dedicated to promoting free trade and fostering economic cooperation with countries outside the European Union.”
He said that the delegation was at the national assembly to explore ways to deepen “our economic partnership with Nigeria and to identify new areas of collaboration.
“As I said, the potential of this country is huge, just looking at its population size. I am convinced that parliamentary diplomacy can help to strengthen ties and relaunch processes for our governments.
“While EFTA, the European Free Trade Association, does not yet have a formal trade negotiation process with Nigeria in place, we are here to lay the groundwork for future possibilities,” he said.
Customs Seizes 34,470L Of Smuggled Petrol At Taraba-Cameroon Border
Customs seizes 34,470L of Smuggled petrol at Taraba-Cameroon border. The Nigeria Customs Service (NCS) has intensified its crackdown on fuel smuggling, seizing 34,470 liters of Premium Motor Spirit (PMS) and a heavy-duty transportation truck in a three-hour operation along the Taraba-Cameroon border.
The enforcement, led by the Customs’ Operation Whirlwind unit, targeted smugglers operating through Gembu and Kan-Iyaka in Sardauna LGA, a known smuggling corridor.
Speaking at a public auction in Jalingo, Comptroller General of Customs, Bashir Adewale Adeniyi, disclosed that the operation was carried out with support from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Office of the National Security Adviser.
Adeniyi explained that intelligence from the inter-agency intelligence fusion center detected unusual fuel movement patterns in the Sorofi and Kan-Iyaka areas between March 8 and 9, 2025.
Acting on this, field teams executed a series of coordinated interceptions, disrupting what appeared to be an emerging smuggling route.
The seizure included 1,149 Jerry cans of PMS, each containing 30 liters, totaling 34,470 liters. A specialized transportation truck valued at ₦4 million was also confiscated, bringing the total duty-paid value to ₦37.78 million.
Adeniyi noted that a significant portion of the smuggled fuel was intercepted in Gembu, while 180 Jerry cans and the truck were seized en route to the Kan-Iyaka border crossing.
Cameroon Border
Describing fuel smuggling as a threat to national security and economic stability, Adeniyi urged security agencies to remain vigilant. He stressed that petrol is vital to economic activities and warned that shortages could slow down the economy.
He reaffirmed the NCS’s commitment to tackling smuggling networks and safeguarding Nigeria’s energy sector and economic interests.
Akwa Ibom Lawmaker Covers Medical Bills For Patients At Palmer Memorial Hospital
Akwa Ibom Lawmaker covers medical bills for patients at palmer memorial Hospital. For patients at Palmer Memorial Hospital in Ikot Usen, Ibiono Ibom Local Government Area, financial hardship often stood between them and life-saving treatment. That changed when Rt. Hon. (Barr.) Ime Basy Okon, the Member Representing Itu-Ibiono Ibom Federal Constituency, stepped in to settle outstanding medical bills, offering patients a renewed chance at life.
The compassionate gesture came during Day 2 of the ongoing free medical and surgical outreach sponsored by the lawmaker across Itu and Ibiono Ibom Local Government Areas. While inspecting the outreach on Day 1, Okon learned of emergency cases where patients remained stranded due to unpaid hospital bills.
Moved by their plight, he personally cleared their debts a decision he emphasized was outside the outreach’s budget, but a private intervention to support his constituents in urgent need.
Among the beneficiaries was Abasima Offiong, who had suffered a spinal cord injury and required emergency surgery. With no means to cover the cost, his condition was critical, until Hon.Okon’s intervention ensured his procedure was fully funded.
Another case was Idongesit Ndifreke, who had undergone a Caesarean section but remained in the hospital for over two weeks due to unpaid bills. The lawmaker’s generosity not only secured her discharge but also allowed her to return home with her newborn.
Akwa Ibom
One of the most harrowing stories involved a woman whose unborn child had died in the womb. Lacking funds for an emergency procedure, her life hung in the balance. Overcome with emotion, Okon immediately took over the cost of surgery, ensuring swift medical intervention to save her life.
Speaking during the event, the lawmaker reaffirmed his commitment to humanitarian efforts. “When God blesses us, we should also be a blessing to others,” he said, underscoring the importance of compassion and community support. Grateful beneficiaries and their families hailed Okon’s intervention as both timely and life-saving.
As the free medical and surgical outreach continues, it remains a beacon of hope for residents of Itu and Ibiono Ibom, reinforcing Okon’s dedication to accessible healthcare and the well-being of his constituents.
Government Approves N1.149bn For Solar Street Lights, Infrastructure In Gombe
Government approves N1.149bn for solar street lights, infrastructure in Gombe. He said the governor approved the projects to align with his vision for infrastructure development.
The Gombe government has approved N1.149 billion for the installation of solar street lights and other infrastructure in three local government areas of the state.
Mahmood Yusuf, director-general, Joint Project Development Agency, stated this at a news conference on Thursday in Gombe.
He said the Joint Project Council (JPC) meeting chaired by Gov. Inuwa Yahaya, approved the projects to align with his vision for infrastructure development.
Mr Yusuf listed the projects to include the installation of solar street lights on newly constructed roads in Kumo at the total cost of N740 million; fencing of the NALDA market and installation of solar street lights at Kwadon area of Yamaltu/Deba, costing N362 million.
He said that N47 million has been approved for the expansion of the grains market and construction of six public toilets in Billiri.
Mr Yusuf said that the N112 million grain market project was approved in 2024, but reviewed upward to N159 million, to provide six additional toilets.
The director said the council also approved the deployment of GOSTEC and Operation Hatara personnel, to scale surveillance in schools and cemeteries in the state.
He said the measure was sequel to complaints over spate of theft in public buildings by the ALGON Chairman, Sani Haruna.
“The council has resolved to implement stricter security measures by deploying GOSTEC and Operation Hattara to enhance surveillance. The scope of Operation Hattara would be expanded to cover all the 11 LGAs,” he said.
Muhammadu Inuwa Yahaya
Also, Fatima-Binta Bello, chairperson, Shongom Local Government Council, expressed readiness to consolidate on Mr Yahaya’s achievements in education and health sectors.
She stressed the need to strengthen human resources through recruitment of qualified personnel to address manpower gaps and enhance quality service delivery, especially at primary healthcare and basic education level.
Similarly; Ahmad Wali, chairman, Kwami LGC, said the council had initiated resurvey and remapping of grazing reserves and cattle routes to check farmer/herder clashes.
He warned that anyone found encroaching cattle routes and grazing lands would be sanctioned.
-
Akwa Ibom2 months agoThe Apostolic Church Gets New Territorial Chairman, Exco
-
Akwa Ibom2 months agoUmo Eno Commences Payment Of 80,000 Naira Minimum Wage With Arrears
-
News2 months agoList Of 42 Executive Orders Of Trump
-
Politics2 months agoPresident Trump Changes Divorce Law, No 50% Property Shares
-
News1 month agoThe Apostolic Church Gets New National President, Executive
-
Economy1 month agoTinubu Allocated N940 Billion To TETfund In 2025 Budget
-
Health care3 days agoNiMet Warns FCT, Other 18 States Of Impending Heat Stress, Advises Safety Measures
-
Economy2 months agoEnugu-Onitsha Expressway: Many Feared Dead, 8 Vehicles Burnt In Tanker Explosion