Business & Economy
Diri Proposes Economic Ties Between Africa’s Sub-Nationals *Bayelsa, Angolan Province To Partner On Fisheries, Agric

By David Owei, Bayelsa
Governor of Bayelsa State, Senator Douye Diri, has advocated economic cooperation between states in Africa.
Governor Diri said such cooperation would promote African unity, boost the economies of the sub-nationals as well as reduce the economic dependence on the Western world.
The Bayelsa governor stated this at the weekend during a meeting with the Governor of the Province of Namibe in Angola, Mr. Archer Mangueira.
He said Bayelsa and Namibe shared similarities as coastal states bordering the Atlantic Ocean and that both states could benefit from areas that they had comparative advantage.
Namibe has developed its marine economy to become the fishery hub of Angola and the southern African sub-region, with discussions between both leaders centred around exploring the opportunities of collaboration in this sector.
Diri said: “We have discovered that relationship between governments has not been very cordial across the continent of Africa. We rather prefer to value our relationship with Europe and Asia.
“Among presidents and governors, we have not related so well and I think that this kind of visit will address such relationship within us in Africa, particularly between states and countries.
“Bayelsa has a whole lot of similarities with Namibe. Like your province, Bayelsa borders the Atlantic Ocean except that Namibe has low lands with a dual advantage of the Atlantic Ocean and the desert.
“Bayelsa is at the heart of the Niger Delta, which is the oil-producing region of Nigeria, and like Namibe, it is also in the southern flank of our country. The state is very rich in oil and gas, and, in fact, it is richer in gas than oil.
“Like Namibe, we are also interested in fisheries because of our aquatic location and having the longest coastline in Nigeria, which has remained largely untapped and undeveloped. So, as we speak, our government is constructing roads to hit the Atlantic Ocean on three fronts in order for us to actually explore the ocean as you have done in Namibe. From what we have seen, we can collaborate in fisheries, which is one area you can explore beyond Bayelsa.
“I have also seen that there is a developed and function seaport here. We are trying to develop a deep seaport at a place called Agge, and we are looking out for investors that have the potential and resources to actualise this. So we are interested in collaborating with you on that.
“Also in agriculture, our land is very fertile for the cultivation of rice, plantain, cassava, bananas, potatoes and vegetables. We recently established a relationship with the South Korean Government, which has donated equipment to our state for mechanised farming.
“I believe that there many areas we can collaborate. Where you have comparative advantage, you produce, and where we have comparative advantage, we also produce.
“From our meeting, I’m aware that Namibe is also a potentially oil producing state. So, areas of collaboration include fisheries, agriculture, culture, tourism and potentially oil and gas.
“This meeting should be an eye opener for African countries and states. There is need to have this kind of bilateral relationship between states in Africa.”
Governor Diri thanked his host, Archer Mangueira, and his Vice-Governors, Ema Samali Henriques da Silva and Abel do Rosário Kapitango, for the warm reception accorded him and his delegation, saying it epitomised the true spirit of African brotherhood.
In his remarks, Governor of the Namibe Province, Archer Mangueira, said he was excited about the visit and the prospects for collaboration and investments.
Describing Namibe as the Land of Happiness, Mangueira noted that there was a lot to learn and benefit from a huge country like Nigeria.
He said although the province grapples with erosion challenges, it was focusing on its tourism sector for economic development of the region.
“We also have a very rich ecological biodiversity and a desert that is considered the oldest in the world. We have had potential in the fishery industry since the colonial era. Unfortunately, we do not have the level of funding that we had previously. Nevertheless, it remains one of the most important sectors for our socio-economic development.
“The oil industry also holds a lot of potential and we look forward to your expertise and support. We equally have the mining sector apart from oil. At the moment, we are exploring the mining sector for marble and granite production.
“This year, we are looking at complete the modernisation of our seaport to make it possible for export of our minerals.
“We look forward to the expertise of Nigeria and learn how it developed its mining sector. We are privileged to be in an area that is abundant in many minerals. So, there is a lot of potential to invest.
“We would like to learn from Nigeria’s experience regarding the use of pesticides and the treatment of agricultural products. We are open to partnerships with Nigeria to develop our agricultural sector in Angola, cultivating crops like watermelons, bananas, and mangoes.
“We believe that cooperation between our countries is key to advancing towards development. Mutual cooperation can be an effective way to overcome underdevelopment.
“It is important to emphasise that, in forming partnerships, we should also seek investments in the financial sector. There are already movements in this direction in Angola, with the presence of banks and ongoing negotiations. South-South cooperation should be prioritised as should agricultural development initiatives.
“I firmly believe that the future of African development is intrinsically linked to the strengthening of the agricultural sector in our countries. Thus, I accept the governor’s invitation for us to work together to build an agenda that is not limited to meetings but results in concrete actions that benefit our regions and strengthen our relations.”
Governor Diri was accompanied by a member of the House of Assembly, Hon. Ebizi Brown, the Secretary to the State Government, Prof. Nimibofa Ayawei, and the Deputy Chief of Staff, Government House, Mr. Iroro Komonibo.
Business & Economy
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Business & Economy
Hajj: CSO urges enlightenment for Nigerian pilgrims on currency denominations

By Abdul-Ganiyy Akanbi,Abuja
A faith-based registered Civil Society Organization, CSO, that reports and advocates for workable Hajj policies, the Independent Hajj Reporters, IHR, has called on the States’ Muslim Pilgrims Welfare Boards, SMPWBs to conduct a special enlightenment programme to intending pilgrims on Saudi Arabian currency denominations.
The group, in a statement signed and released on Friday by its national coordinator Ibrahim Muhammad, said: “Now that the Central Bank of Nigeria, CBN has approved the payment of 2025 Hajj BTA via cash payment in US dollars, we call on States Muslim Pilgrims Welfare Boards, agencies and Commission to organize a special enlightenment program to educate Nigerian pilgrims on currency denominations especially on the exchange rates between US dollars and Saudi Riyals.”
It added: “Most of the Nigerian pilgrims are not conversant with foreign currencies especially US dollars and Saudi Riyals, and can hardly identify the value of each denomination unless they are guided during hajj, where hundreds of thousands of pilgrims engage in financial transactions.
“Given the above, Nigerian pilgrims should also be shown the Saudi Riyals currency denomination so that they can be able to identify such whenever they need to change US dollars to Saudi Riyals or make a purchase using either of the two currency denominations.
“This call is important due to past experiences where some dubious Saudi-based individuals shortchanged our dear pilgrims whenever they make purchases or try to convert their BTA to US dollars.”
IHR warned that Nigerian female pilgrims who patronize unregulated dental services to change their teeth as soon as they arrive in Madinah are more vulnerable to being shortchanged.
The group also pleaded with airlines to use the onboard educational system to educate pilgrims on the same subject as a way of corporate social responsibility to help mitigate the risks of financial losses on the part of intending pilgrims.
“Understanding denomination in today’s currency circulation is crucial as it serves as the foundation of all monetary transactions worldwide. It will enable pilgrims to comprehend the value of their BTA.
“According to the Central Bank of Saudi Arabia, SAMA, the most-exchanged foreign currencies during Hajj are the US dollar, the euro, the Singapore dollar, the Indian rupee, the Indonesian rupiah, the Emirati dirham and the Malaysian ringgi,” IHR stated.
Business & Economy
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