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N I I~r-I &Jl T rlbuJr.e Tuuday 19 June . 2012
TribuneBusiN £ ss Ogun to rejuvenate Igbesa free trade zone
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01. 7 1ak. 0 101101 •• Abeokut. N Ita continued errorts to rurther attract genui ne InVHtors hHO Ihe atate. the Ogun State GOV'eM1menl has .tated Ita commitment to rejuvenate the OgunQuandong Free Trade Zone. Igbesa. to achieve 11$ set objectives The st.te governor. Senator Iblkunle Amo.un . atated this over the weeke.nd at a meellng with .ome Chinese tnvestora and opc.ralora or the FTZ In
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A~kuta .
Amosun. represented by t.hc Secretary to the nover-nment. Mr Talwo Adeoluwa. said government wa. not sausllcd wttll the ~tt 0( development and actlvltlea In the zone. saytng It must be property managcd In the. overall lntereat 01 Ihe slale Amosun said: ·We. know the bendlla derivable rrom • wc.Il run Free TnIde Zone and will continue to respect the bilateral relationship between China .nd Nlgerl. with reg.rd lO the Ogun-Qu.ndong Free Tr.de Zone In Igbcsa We will continue St.l~
L-----~;/i;;;;;i~ A.mo.un.L--''--''
.'nuter of
State.
rer
Og u n Stale gooer-nor .
FCT farmers to enjoy 50% subsidy on agric inputs ARMERS In the and Joblcu men and 'edernl C.plla l women roaming the Tenlto-y (FCTl arc strut. - ahe noted t c..Joy 5( per cent She emphasised thai b.-dy on r"rliliscra the FCT" was committed andtlmprovfd aeeda or 10 the development of maize and rI. e Mln~ler viable agricultural or State ror Federal c n Ire pre n cu rah I p Capital Territory. Olajwnok~ Ad'1jlde. has connrmt'd ShI! made thls krKnm T Ullllde Dodond . .... at the. In.lul ur.Uon or Laloa 2012 subsldl.ted Input dlatrlbullol u:erclse 1 1IE .nnouncement under t he Growth by the Federal Enhance.lIlel'l Support Government to Scheme U.;E!,st. c o m m c: n e e GESS.or.eorthekcy trnplement.Uon or new Iniliallve, 111Ider the electricity tarlrr Agricultural Tran.- structure In accordance. rormaUon Ag"mla lATA) with the Multl ·Yea r
F
Uu'Ough provtslon
0(
rree
technical expertlae and (ann aubskUes The mlnlsler listed
some or Ihe farmers' friendly
prognmmes Initiated by lhe FCTA to Include , public-private
partnership
In
agricultural land devek)pment programme at Pin In KWIlII Arca Counctl. and provi5k)n 01'
tractors and oO.u agnc Impfemcnts to r~ a'
subsidised rate
10 support the project and Op('ralora 10 ensure that It succ:«ds •
The
govunor
obsuvcd Ihal Ihe opc:nlors of I ~ FTZ had not bttn complytng WIth
some of !.he agr«mcnts thai act up the FTZ and promised govunmen!'s readiness to work out modallUes 10 reposlUon
we Insist upon "Is ·What that the rulea. reguLsUons.nd customs sldH should be respected and obeyed ·P.rt or the .greement. that was reached at the take orr or the n'Z is that 30 percecnt or skilled workera must be loc.lly employed. As 1 .peak today. lhlll 18 not 110 and government Is not happy with the .nangement·. the governor added The leader or the team and Vice· President or Cu.ng Xln Holding Groupa. Quandong, Chin•• Mr Huang Ping, thanked the .tate ~mmcnt rOf" pf'OVk1lng enabling environment ror their businesses and assured Ihe leam's readiness to collaborate with government to revlt.llse the FIZ_
or both
Improving power supply, a step before reviewing electricity tariff?
aimed at rcVllluplng the .grlculture aector. en.urlng 1001 security. dlve.Blfytn~ the economy. and enhaneln" rorelgn exchange "ar1"llngs Undt'r ttl!' GES. AklnJkle U"plaJned that Ihe support or the FederalGovelmnentand the F'CTA 10 IlTallholder Carmen tr the agrtcultun:- \· tl u.e chain would be: drt'-cn by the private SC\tOI -Good quality agroInputs will be m.de avaUable thlough the cerUncd p rl' ate agrodealen The era or diversion or ~ubeldi.sed f,-"'-- by n ddl-m-n .... UUo<IU. .... hasgonc ror,lOd . All the nceds 0( our f 1rmct'S are being 1KkI1"'C&f"d through thevaJue-chal lapproech In the ATA d l'Tesklent CoodJuclc Jori.lthan !he ul ' lmtt e goaJ ls to enaur'· that agrlcultu", pracucc.d .s lucraU' e eJlllmercial enlerprlae t .t La not only SustaJna It but also attracUv.: to ur )'Ouths
viable throughout the vaJue cha.ln. l1li end-user tarlff must. at least . be a' a cost-renecUve level. The nation &el~ power below cost at an ave.-.gc or about NIO (or stx US cc.ntal per- kllowalt hour. one: of the c.heapest rates InMrlc.a,it wasobecrvcd
~=[:!~d~~~r~!~ ~~att~h~:::=t:t~!;d~a~~
by the Induatry stakeholders who argued that Improving power aupply .hould have preceded rcvtewlng upw.rd the tarlff While elTatic and unpn:dk:table n.ture or power aupply have engendered a deep and bitter aense - or fruatratlon .cross the country. especially In the urb.n cen tres. electricity consumera hllve continued to crave ror a rundamental reycraal or the long and debillt.tlng m.lalae v.hlch has blighted the acc:lor and. In doing so, ....e.kened the tremendous energy and creativity or the naUon. With the partlclpaUon of the private sector. belleftd to be germane to ensuring Improved power supply In the country. the eatabUshment or an appropriate pricing regime: was aimed at making aure the sector
""YAddressing mel newsmen recently. S.m Amadio Chairman. NlgHlan Electrlclty Regulatory Commission INERel. revealed thai given the proposed Increase In the tarlff paid by he.vy electricity users. It would be: cheapt:r than the ooet or gencraUon He pointed out that
heavy consumers currently pay between N35 and N50 per kllowatl hour when they self generate. but would not pily anything I1Caf" the currenl cost or using die sci power e d
service charge and meter matntenance reu which PIICN had Imposed on customers He hinted th.t NERC would soon resume Ita IntenCUvc aesalonll with market leaders . civil
gencl1llon. wtUch In tum. pollute the enV1roomcnL. Am.dl disclosed th.t NERC h.d abolished the monthly payment or
other stakeholders to protect the Interesta or both dectrldly lnvealors and consu~rs
liOddy org.ntsauons arid
slgntrlc.ntly below .. hat Is necesaary ror the aector As a n~au lt . not only Is PIICN cOllllnuously unable to meet recurrcnt N line with Its tnnovate and Improve on IocaLlon5 worktW1de wttUc: e:l: pen d I t u recommitment to oITn service delivery ror the olher nlue added requirements, It has 10 best e-producta and convenience or Its aervlcca Include Bill continually plead with payment serVICes. customers.Paymenl!l (DSTV. Pt-lCN) the government ror United Bank ror Africa ~Ith USA Mastcre.rd and MoblJc: Rcc::hargeTopadditional montca ror (URAJPk:.Afr1ca'ag1oba.l V~. customers do not up. ahort tenn and long lerm bank. has Introduced need to change thdr local He maintained that capital expendlture _ MastcrCa.rd Verve dd>lt curnncy to any rorelgn the IntroducUon or the More Importantly. cards ror lhe banking cuITcocJ' on the SlI"eCta MastcrCaTdVern:byUBA wllhoul a prtclng regime convenience or Ita any Ionget" whenever they would booBt Ote cash-lite Lh.t supports nnanclal Htcemcd customen pl.n to travel outalde InlllaUve or the Central vlabUlly In the sector. It 1bc URA MasterCard Ntgena to any klc:aUon tn Bank or Nigeria by makes no aense ror a Verve Is a nain-linked MrICa. Europe. Amcr1CU. strengthening the private sector opt:rator to debit urd that ..orks AsIa or anywhere around protection agalnat come Into the markeL well on aU ATMs. PoS Lhewurkl. 7llc:MasterCani rraudulent actlvltlcs_ LogIcal and laudable as and Internet p'ym-nl V 1'-I ~ -- II bl II 1'- h this argume n t aounds. pl.,'o,m, -von .,',1 ~.~)'OU o.t"""'.... npp ca e m .... ave many Nigerians have .... up to 840.000 or been put In pl.ce for rejcded IL deacr1bbtg It as provides cardhokkrs the equivalent per year: he customers' lJ"ansactlons another move by t h e bcnd1t o(spendlng up to said. wlUtln 24 houn In order government to rurther 840.000Of"CQutvaientoi AcoordfngtohJm. UBA IOproteCtt.hemrromca.-dImpoverish them . The thctrloc:alcurn:nc:k:sper MaaterCard Vene Is rel.ted rraud. However. dtsturbtng acenarlo Is yea r .nywh e re In the linked to. Nall"1l Account anycustomcrwhodeslrca that wh il e the wortd.. onIyandcouktbcuacdb to change .ny or these govunmentlsretJOluteon 1bc Dh1sk)nal Head. purchases on loc.al and .dvlsed IImlt.s to ault a gotng ahead wtU, the new e -8anklnl, UDA, Or Intematlon.1 web.llea peculiar pronJe can visit tarlrr atructure, the YtnJutAdcdejl.aaJdUBA. such as Apple. AmaWn. Ule nearest URA bn.nc.h people on the othtt hand W1th the tntroducuon 01 among others. 8c:aldea. to nil a Debit Card Umn arc equ.lly bent on URA MasterCard Verve. the Card Ia accepted at Increase rorm: AdedeJI bec:o:m:<~':....~f~l:n~.~n:'~I~.~"~,:....~,,,, =.. =un~g~th =<:....m=ov< ==':O_th =<:...._·~h~.~':....~<~o~n~I~ln~u~'~d'-~12o:....~0v«~c30~!mII""'IIon~~""'~""'""~~I'-~_~~~_ _ _ _ _ __
UBA launches MasterCard Verve debit cards
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