Business & Economy
Korea Africa Summit: How Africa Union and Korea Collaboration would deepen trade and investme

By George Mgbeleke
The Africa Union (AU), the 54-member continental body has been identified as having a pivotal role to play in the consolidation and deepening of trade and investment flow between Korea and Africa It also can
ensure sustainability of resolutions and commitments of the Korea Africa Summit 2024.
The Africa Korea Economic Development Association (AKEDA) Nigeria chapter canvassed this position in its pre-summit assessment contained in press release
signed by the chairman, Yuccee Uwah in Abuja on Tuesday, May 21, 2024.
The group noted that AU has a significant role to play in sustaining the momentum raised by the ongoing partnership between Korea and Africa, which will culminate in the first Korea Africa Summit 2024.
This is a historic opportunity for Korea and Africa to nurture and consolidate sustainable partnership based on shared vision for a prosperous Africa which
thrives on industrialisation, technology, and investment that mutually benefits both Africa and Korea.
African Union as the lead continental organisation that unites 54 member-nations with history of focused leadership, capacity, and capability to rally Africa as one indivisible unit, it has huge role to play in ensuring that the resolutions and
commitments by Korea Africa Summit are implemented by the parties through a continental moderated framework.
AKEDa believes that through this will further boost trade and investment, industrialization, and inclusive development across the continent. AU in our view,
needs to facilitate continuous inflow of investment and capitals from Korea to Africa and Africa’s investment in Korea through a symbiotic trade and investment corridors that benefits all parties.
AU leveraging its convening power needs to continuously negotiate with Korea on behalf of Africa on trade and investment with a view to harmonize trade regulations and requirements including tariff, taxes, and related matters.
he African Union is expected to lead its member states to first Korea Africa
Summit scheduled for June 4 to 5 2024 in Seoul, Korea, with several multilateral agencies, regional development banks, and international community are also expected to participate.
The summit is being organized by the government of Korea as part its ongoing effort to nurture evolving strategic engagement and partnership with Africa as key ally as both seeks new frontiers for trade and investment, sustainable development, and shared prosperity.
The momentum needs to be maintained as Korea and Africa prepare for a great future based on shared vision of advancing shared prosperity andcommon good for its citizens.
Korea has over 60 years’ experience growing its economy from the bootstrap to become an industrialized medium power, which continues to provide leadership in manufacturing, technology, maritime, infrastructure, agriculture, among others.

Business & Economy
Pastor Reuben Initiative extols founder’s philanthropic gesture

By Idibhar Agadaga, Baylesa
The Director General Pastor Reuben Initiative for Good Leadership and Accountability (PRIFGLA), Eseimokumo Frank Soko has commended Pastor Reuben Wilson’s selfless contributions to the development of Bayelsa State and the Niger Delta region.
Speaking on an enlighment program on Royal FM, 95.5, Eseimokumo Frank Soko, highlighted Wilson’s commitment to education, noting that he has sponsored over 200 students across various universities in the region.
According to Soko, Wilson’s philanthropic efforts extend beyond education, as he has also provided monthly stipends to members of the Initiative ànd numerous individuals in need.
He particularly extolled Wilson’s selfless and sacrificial lifestyle which have positively impacted the lives of many Bayelsans.
He emphasized that Wilson’s charitable works is not limited to any particular political party or affiliation as beneficiaries come from diverse backgrounds including PDP, APC and Labour Party members.
On his part, PRIFGLA’s National Secretary and Special Adviser on Student Matters and Scholarships, Ogbomo Erepamowei, shared Wilson’s inspiring personal story, which has driven his passion for helping others.
Ogbomo noted that despite facing challenges in his own educational journey, Wilson has demonstrated remarkable resilience and generosity, supporting students in various institutions across the Niger Delta.
He added that over 200 students are under scholarship sponsored by Pastor Reuben Wilson in various universities across the Niger Delta region.
In a final statement, Soko expressed gratitude to Wilson, describing him as a “sacrificial leader” who has positively impacted the lives of those working with him.
Business & Economy
Three Oil Coys admit owing FG over $5.5m *As Reps Issue 2-Weeks Ultimatum For Payment

Business & Economy
New Bayelsa Secretariat: Govt Appeals To Host Communities To Maintain Peace

By David Owei, Bayelsa
The Bayelsa State Government has appealed to the people of Yenagoa and Ovom communities currently locked in a dispute over ownership of the land, where the new 9-storey secretariat is sited, to sustain their age long unity and peaceful coexistence.
The Deputy Governor, Senator Lawrence Ewhrudjakpo, made the appeal at separate meetings with the leaders and critical stakeholders of both communities in Government House, Yenagoa on Tuesday.
Senator Ewhrudjakpo, in a statement by his Senior Special Assistant on Media, Mr Doubara Atasi, pointed out that there was no need for both communities to feud over the land as government had acquired it for development purposes several decades ago.
According to the Deputy Governor, every land acquired by government with compensation paid becomes its property, stressing that all the communities lying within 15-kilometre radius from Yenagoa make up the Bayelsa State capital.
While acknowledging the sacrifices being made by the communities hosting the state capital, he assured that government would continue to protect their interests by performing its corporate social responsibility.
Senator Ewhrudjakpo, however, warned that the present administration would not fold its arms and watch any community or group of people cause crisis to disrupt the prevailing peace in the state for whatever reason.
He particularly cautioned the youths of Ovom against the alleged unwholesome practice of going to ministries, departments and agencies to demand a change in the letterheads and signboards of MDAs to reflect Ovom.
His words: “There is no long-term benefit in conflict. People can disagree, but they can reconcile their differences through the roundtable.
“Yenagoa and Ovom communities have a long history of peaceful coexistence as two sister communities in the Atissa Kingdom in the Yenagoa Local Government Area.
“As communities in the epicenter of the state capital, Ovom and Yenagoa have made huge sacrifices, and they cannot afford to fight themselves over land already acquired by government.
“Our position is that none of the communities own the land of the project site for the new state Secretariat; the ownership of that land now belongs to the Bayelsa State Government by virtue of the Capital City Development Law.
“However, government will continue to protect the interest of the communities who have donated the lands for public use and development.
“We are also receiving reports that some youths of Ovom are going to ministries, departments and agencies demanding for a change of address to reflect Ovom. That attitude is not right, and therefore, must be stopped forthwith.
“We should all know that like any other capital city in this country, the name of Yenagoa has influence over all other communities lying within the 15-km radius of the state capital, and as such Yenagoa is reflected in all addresses.”
In her remarks, the Member representing Yenagoa Constituency 1 in the State House of Assembly, Hon. Ayibanengiyefa Egba, expressed gratitude to the state government for its swift intervention and called on the communities to embrace peace as brothers to foster development and progress.
Others who spoke briefly at the two meetings include the former Technical Adviser to the Governor on Conflict Resolution, Chief Boma Spero-Jack, Hon. Markson Fefegha, Chief Couple Anyamalem, Chief Stephen Abaribote, and Chief Loveday Abaribote.
Top government functionaries present included the commissioners for works, information, marine and blue economy, lands and survey, and that of community development.
Also in attendance were the Chairman of Yenagoa Local Government Area, Hon. Bulodisiye Ndiware, the Acting Surveyor General of Bayelsa State, Geku Tonye Margareth; the Technical Adviser to the Governor on Boundary Matters, Hon. Salem Vote, among others.
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