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Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Dr Ernest Umakhihe said Nigeria currently imports 2.2 million tonnes of fish while it produces 1.1 million tonnes against the total demand of 3.6 million tonnes annually.
Umakhihe who disclosed this yesterday in Abuja at the Independent Dialogue on the Transformation and Future of Aquatic Food Systems in Nigeria, said 10 million Nigerians are actively engaged in primary and secondary fisheries operations, and the contribution of fisheries to the National Gross Domestic Product (GDP) is about 4.5 per cent. While noting that the vision of President Muhammadu Buhari is to grow Nigeria’s agricultural sector to achieve a hunger-free nation through agriculture that drives income growth, accelerates food production to address the food and nutritional security, he said the Ministry has played a key role in addressing aquatic food systems which include “backward integration policy of Government to encourage fish importers to go into commercial aquaculture… More details through: https://thenationonlineng.net/annual-fish-import-now-2-2-million-tonnes/
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Some 3.21million tonnes of raw sugar valued at N630.7billion ($883.1million) have been imported by sugar merchants to Nigeria within two years. The huge import, it was learnt, has blighted the government’s decision to provide 110,000 jobs under it Backward Integrated Programme (BIP).
According to Trade Data Monitor (TDM), Brazil’s cumulative raw sugar exports to Nigeria from April 2019 to March 2020 season was 1.59 million tonnes valued at N312.4billion ($637.6million), while in 2020/21 season imported raw sugar was 1.62million tonnes valued at N318.3billion ($649.6million). Also, Nigeria’s domestic cane sugar cane production has slumped from 75,000 tonnes to 70,000 tonnes, down by about 6.7 per cent within one year as top sugar producers such as Dangote, BUA and Golden Sugar blamed the underperformance of the domestic sugar production on flooding, conflicts in land acquisition, insecurity, infrastructure deficit, environmental issues and skills deficit… More details through: https://www.newtelegraphng.com/nigeria-imports-n630-7bn-raw-sugar-from-brazil/ The recent Ericsson Mobility Report has ranked Nigeria as the country with the third highest mobile subscriptions additions globally as of the first quarter of 2021.
It also projected increase in 5G subscriptions from 2022, to reach seven per cent in 2026. The report stated that India had the most net additions of over 26 million, followed by China with over six million and Nigeria with over three million mobile subscriptions additions. According to the report, by the end of 2026, sub-Saharan Africa would have around 70 million 5G subscriptions, while attributing the projected increase to the COVID-19 pandemic, which it said, led to the implementation of online education at schools and universities as well as remote working in Nigeria, which increased to 72 per cent and 62 per cent respectively… More details through: https://www.thisdaylive.com/index.php/2021/07/08/nigeria-ranked-high-in-mobile-subscription/ In a bid to deepen the bilateral trade between Nigerian and Russian businesses, nine Russian firms have indicated interest to invest over $500 million in the Nigeria’s manufacturing sector.
Chairman, Nigerians in Diaspora Organisation (NIDO), Russia, Mr Sampson Uwem-edimo, made this known in Lagos, ahead of the forthcoming Russia- Nigeria Business conference. NIDO chairman pointed out that the volume of trade between both countries was below expectation, not withstanding the Gross Domestic Product (GDP) of both countries… More details through: https://www.sunnewsonline.com/manufacturing-sector-to-get-500m-boost-from-russian-firms/ More Nigerians are now embracing online shopping leading to a rise in the number of online shoppers to 51 per cent of total shoppings in Nigeria. According to the latest Ericsson ConsumerLab report, a survey of 2,000 respondents between the ages of 15–79, revealed that more Nigerians are willing to continue online shopping even after COVID-19. Ericsson in the report noted that online shopping in Nigeria stood at 35 per cent before the COVID- 19, adding that the pandemic pushed the figure to 51 per cent. “Before COVID-19, the amount of online shopping in Nigeria stood at 35 per cent out of the total number of all shopping events, both online and at physical stores.
“During COVID-19, this figure increased to 51 per cent. Nigerian consumers anticipate their habits around online shopping will remain at a level of 44 per cent after the pandemic has passed,” it said. Ericsson said it found found that, when entering the “next normal”, consumers in Africa would have added an average of 3.4 online services to their daily online activities, while also increasing the time they spend online by 10 hours per week by 2025, in comparison to their pre-pandemic habits… More details through: https://www.newtelegraphng.com/report-online-shopping-rises-to-51-in-nigeria/ The Ministry of Mines and Steel Development is working at ensuring that revenue accruals from Nigeria’s mining sector are properly harnessed into the Federation Account for the development and benefit of the country as it seeks to deepen collaboration with China to develop the sector.
Minister of Mines and Steel Development Olamilekan Adegbite stated this when Mr Cui Jianchun, the Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China, paid a courtesy visit to the Ministry’s Headquarters, yesterday. Adegbite, who noted that Nigeria has always enjoyed good relations with China, stated that investment by China in mining would immensely be beneficial to both countries… More details through: https://www.sunnewsonline.com/nigerias-mining-ministry-deepens-collaboration-with-china/ The Lagos State Government has introduced a technological-driven device called Traffic Management Solution (TMS) for smart control of traffic and tracking of violators. Frederic Oladeind, the state commissioner for transportation, at a news conference on Wednesday, described the TMS as a traffic law compliance initiative. According to Oladeinde, the TMS, a handheld device, allows for real-time capture of picture and video evidence of road traffic and vehicle compliance or violation as they occur…
More details through: https://businessday.ng/news/article/lagos-introduces-tech-device-for-traffic-control/ Following the Federal Executive Council (FEC)’s approval, there is an indication that the proposed removal of over 3,000 shipwrecks littering Nigerian coastline will cost government N2.65 trillion ($5.4 billion). It was learnt that removal of wrecks is capital intensive as it costs not less than $1.8 million to tow a vessel from seabed posing threat to navigational safety and hazards in the marine environment.
To actualise this, government has said that the wrecks will be removed in phases and it has commissioned contractors to identify the wrecks and locations in order to have safe navigation. Also, it has approved the removal of the wrecks from Badagry to Tincan Island waterways in order to ensure smooth navigation on Nigerian waters. Some of the wrecks and derelicts are domiciled in Lagos, Delta, Onne, Rivers and Calabar port channels. The Director-General, NIMASA, Bashir Jamoh, said in Lagos that the removal of shipwrecks would soon commence, following the stakeholders anxiety over the impending dangers the wrecks posed on the nation’s waters. He said: “Navigation on our waters is very dangerous now due to shipwrecks… More details through: https://www.newtelegraphng.com/fg-to-spend-n2-64trn-to-clear-shipwrecks-on-nigerias-coastline/ The bitumen belt across Ondo, Ogun, Lagos, and Edo states has over 42 billion tonnes of deposits, being the second-largest in the world and almost twice Nigeria’s oil reserves.
Vice President Yemi Osinbajo said this at the maiden edition of the virtual conference on Strategic Engagement on Sustainable Mining entitled “Resurrecting our Buried Prosperity” in Abuja last weekend. He said even farther back in 1913, gold in commercial quantities had already been found in parts of Northern Nigeria and what is now Osun State even as the country’s potential coal reserves are currently estimated to be as high as 3bn tonnes… More details through: https://dailytrust.com/nigeria-has-42bn-tonnes-of-bitumen-deposits Nigeria has been ranked 47th on the list of countries putting measures in place to secure their cyberspace. According to the 2020 Global Cybersecurity Index (GCI) released by the International Telecommunications Union (ITU), the country is among the top cyber security-conscious nations out of the 194 countries measured.
The country scored 84.76 per cent in the five key indicators on which the countries were measured. These include legal measures, technical measures, organisational measures, capacity development measures and cooperation measures. The United States of America was ranked as number one in the world in terms of cybersecurity measures, having scored 100 per cent… More details through: https://www.newtelegraphng.com/nigeria-ranked-47th-in-global-cybersecurity-index/ |
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