Thursday, 31 October 2024

Operators Rekindle Call For Offshore Banking As Lekki, Three Other Free Zones Fetch Over N12tn Investment

  


Free Trade Zones are vital components of Nigeria’s economic strategy, designed to boost investment, enhance exports, and create job opportunities.


Established to facilitate trade and encourage industrialization, these zones provide unique incentives to both local and foreign businesses


The Nigerian Export Processing Zones Authority (NEPZA) was established in 1992 to oversee and promote the development of Free Trade Zones in Nigeria. NEPZA’s primary mission is to create a conducive environment for businesses to thrive, enhance Nigeria’s export capacity, and attract foreign direct investment.


Over the years, the Free Zones in Nigeria have emerged as a key strategy for stimulating economic growth, attracting foreign direct investment, and fostering industrialization.


By providing a regulatory environment conducive to trade and investment, FTZs are pivotal in Nigeria’s economic transformation agenda.


Findings by THE WHISTLER revealed that four free trade zones have successfully attracted a total investment of over $8bn within their years of operations, significantly contributing to local economic activity and fostering international trade relations.


The committed investments were obtained by THE WHISTLER from top officials of the zones during a media tour of the free trade zones organised by the Nigeria Export Processing Zones Authority.


A breakdown of the figure provided by the officials revealed that $2.5bn investment had been attracted from investors to develop the Lagos FTZ, while the Lekki FTZ had attracted over $4bn in investments.


For Alaro City which is also one of the Free Trade Zones Located in Lagos, about $1bn had been invested in the development while over $500m had been used to develop LADOL, a privately owned logistics and engineering facility.



Speaking to THE WHISTLER during the tour, the Manager of Business Development and Marketing, Lagos Free Zone, Chinju Nwankwo-Udora, said the zone is strategically located along the Lekki Corridor, close to the Lagos seaport.


Established to boost industrialization, trade, and investment, Nwankwo-Udora said the Lagos Free Zone is creating a conducive environment for both local and foreign businesses.


Situated near the Lekki Deep Sea Port and the international airport, she told THE WHISTLER that LFZ offers excellent access to global shipping routes and logistics networks.


She said, “The zone is equipped with modern infrastructure, including well-planned roads, utilities, and communication systems, designed to support various business activities.


“LFZ attracts a wide range of industries, including manufacturing, logistics, technology, agriculture, and pharmaceuticals, creating a vibrant economic ecosystem.”


Speaking further, she noted that the zone, established in 2012 has achieved remarkable accomplishments through world-class infrastructure to enable ease of doing business for its investors.


She noted that the zone currently accommodates 30 registered and operational companies with plans to attract 150 companies in the coming years.


She said, “The Lagos Free Trade Zone has contributed about $2.5bn in committed investments and employed investments, This includes the Lekki ports project which was $1.2bn, the land acquisition of the free zone and other factories that have been set up and infrastructure we have been put in place till date.”


Nwankwo-Udora added that in 2023, Lagos Free Zone alone contributed over N40bn in customs duties, and over N400m was remitted as PAYE to the Lagos State government.


She said that facilities have been established to enhance the ease of doing business, stressing that, “Enterprises only have to bring in their types of machinery and begin manufacturing.


“By the time we finish our infrastructure, we plan to have 150 companies in the zone creating thousands of jobs and looking forward to contributing 2.5 per cent to the country’s Gross Domestic Product.”


For the Lekki Free Zone, which is one of Nigeria’s premier Free Trade Zones that has so far attracted over $4bn in investments, officials told THE WHISTLER that it was strategically established to promote industrialization, attract foreign investment, and boost economic development in Nigeria, particularly in the Lagos region.


The zone is situated along the Lekki Corridor, close to the Lekki Deep Sea Port and the international airport, providing excellent connectivity for global trade and logistics.


Speaking to THE WHISTLER, the Deputy Managing Director, of Lekki Free Zone Development Company, Bolatito Ajibode, said the zone is equipped with modern infrastructure, including well-developed roads, reliable utilities, and advanced communication systems, essential for facilitating business.


According to her, the zone caters to a wide array of industries, including manufacturing, logistics, agro-processing, oil and gas, and technology, fostering a diverse economic ecosystem.


Ajibode further told THE WHISTLER that about 3,200 workers visit the zone daily to earn a living, highlighting the significant employment opportunities created by the zone.


Thursday, 24 October 2024

BREAKING: "BYE-BABY" - #A Marriage in Crisis and a Neighbor with a Plan – Watch the Drama Unfold on Uche Jombo TV.

  


A Complicated Triangle: Ejiro, Ejike, and Louis – A Tale of Love, Betrayal, and Escape


In a gripping new drama "BYE BABY" on Uche Jombo TV, viewers follow the tumultuous journey of Ejiro, a woman trapped in an abusive marriage with her husband Ejike for five years. Life takes an unexpected twist when her ex-lover, Louis, suddenly moves in next door, stirring up unresolved emotions. As Ejiro struggles to free herself from the grip of her toxic marriage, Louis fights tirelessly to rekindle the flame they once shared.


Caught between the past and the present, Ejiro’s story explores themes of resilience, love, betrayal, and self-liberation. Will she find the courage to break free from Ejike’s control, or will she be drawn back into the familiarity of old love? This suspenseful drama promises emotional highs and lows that will keep audiences on the edge of their seats.


Catch the full drama now on Uche Jombo TV on YouTube and discover how Ejiro’s story unfolds


*Watch the Full Movie here:*





*Watch the highlight here:*



Tuesday, 22 October 2024

BREAKING: #ProphetJeremiahFufeyin - "Prophet Jeremiah Fufeyin encourages kindness through sacrifice, donating N50 million to spread hope and love to Nigerians

  


Billionaire Prophet Jeremiah Fufeyin Donates N50 Million to Support Nigerians in Tough Economic Times


Prophet Jeremiah Fufeyin, renowned for his generosity and spiritual impact, has once again demonstrated his commitment to uplifting the less fortunate by donating N50 million to struggling Nigerians.


In a heartfelt statement, the popular pastor revealed that his giving is not just an act of kindness but a covenant with God. "I promised God that if He blessed me, I would help the poor. Love is sacrifice, and if I love you, I will sacrifice for you," he affirmed.


As Nigerians face economic challenges, Prophet Fufeyin’s timely donation brings much-needed relief to those struggling to make ends meet. He advised others with the means to give, encouraging them to cover their blessings with the blood of Jesus before sharing with others. His message highlights the importance of spiritual protection and intentional giving as acts of faith and love.


The pastor’s gesture has sparked positive reactions from the public. Many, like @Samson_Ogunleye, praised the prophet’s consistent dedication to helping the needy. “This is so thoughtful. Let’s appreciate good things when we see them. 


Prophet Fufeyin is always there for the hungry and needy, and his contributions are commendable,” he remarked. Through this act of love, Prophet Jeremiah Fufeyin not only fulfills his promise to God but also sets an example for others to practice compassion and faith in action.


*Watch Video:*



Tuesday, 15 October 2024

Motorcycle Operators Union leadership crisis: Court Affirms Comrade Julius Bobi as authentic National President

   


The crisis that has rocked the leadership of the Motorcycle Operators Union of Nigeria has finally been laid to rest as a court of competent jurisdiction in Abuja has ruled that Comrade Julius Oghenevwegba Bobi remains the authentic president of the Union.


This was contained in a letter written by the counsel to Comrade Julius Bobi, Parlance Law firm to the Attorney General of the Federation, the Minister of Justice, Ministry of Labour, the Nigerian Labour Congress and other relevant government agencies.




The letter states: 


RE: SUIT OF MOTORCYCLE OPERATORS UNION OF NIGERIA (MOUN) AND 9 ORS V. SOTAYO RASAK OLUSOLA WITH SUIT NO: CV/85/2024


POST JUDGEMENT NOTIFICATION


We continue to act as Counsel to Motorcycle Operators Union of Nigeria (MOUN), (herein referred to as our "Client"). We have the instruction of MOUN National leadership to write this notice



TAKE NOTICE: That there is a subsisting order of a competent Court of the Federal Capital Territory regarding the issues bordering on leadership of Motorcycle Operators Union of Nigeria (MOUN) pending at the Court and an Order of the Court to maintain status quo


THAT: By this Order of the Court, Comrade Julius Oghenevwegba Bobi remains the National President of the Union to the exclusion of any other person. This Notice is issued to guide you on the future exchange of any correspondence regarding this said union and to assist you in guiding any ignorant individual, of the standing orders of the Court. Consequently, to rebuke any act that could constitute Contempt of Court and embrace compliance with rule of law


Attached is a certified true copy (CTC) of the Court Order. Thank you.


Sunday, 13 October 2024

Movie Premier: Abdul (A 1212 STUDIOS PRODUCTION)

    


Abdul in search of a job, found his biological father. On arrival, he was romantically attracted to his step sister against their culture and beliefs, but a deep secret unfolds.

A 1212 STUDIOS PRODUCTION


STARRING! Minat Jamilu, Abdul Zadav, Talatu Bwai, Johnson Y.S

Produced By Ibegbulam Eberechi

Directed By John-Jayci Walters

Thursday, 10 October 2024

With Gratitude & Love: Water FC Celebrates Justice Suleiman Galadima's 78th

    


The Pillar of Water FC: Celebrating Justice Suleiman Galadima's @78th


Water FC management is thrilled to celebrate the 78th birthday of its esteemed patron, Justice Suleiman Galadima.


Chairman Nureni Makanjuola (MK) expressed the club's heartfelt appreciation in a speech made available to the media on Thursday.


"We're grateful for God's grace upon our patron's life, reaching this milestone age. Justice Suleiman has been an indispensable pillar, supporting us tirelessly in every aspect."


MK highlighted Justice Suleiman's unwavering commitment: "He's demonstrated exceptional love and dedication to our club. His desire to see our players succeed is unmatched, and he backs it with tangible actions."




"Justice Suleiman is not only our patron but also our number one fan. He proudly wears our jerseys, showcasing his love publicly. He rejoices in our players' national team call-ups, praying for their success."


"We're honored to celebrate this remarkable individual," MK concluded.


Justice Suleiman Galadima has been Water FC's patron, providing guidance and support.





Friday, 4 October 2024

Nigerian artist 'NELLZZ' features 'TANKEY', on new song titled 'CASE'

    


Nigeria singer George Lott popularly known as Nellzz, who’s currently signed to Coolgeez records, was born and brought up in Bayelsa State, Nigeria. Nellzz kick started his musical journey few years ago and has released couple of singles and an EP to his name.


TRENDING: Music] Prince 2chiz - Tension


 Nellzz previously released the remix to one of his songs titled Money long featuring the king of the south Erigga, which became the street favorite and he was highly rated as Bayelsa state based number one artiste, and gained a lot of nominations from prestigious awards brands. NELLZZ is set to secure a spot in the Nigeria music industry and has decided to drop a smashing new hit single titled CASE featuring Tankey. Watch out for Nellzz, whose aim is to become the new face of Afrobeat in the nearest future.



DOWNLOAD MUSIC

NELLZZ FT TANKEY - CASE 



STREAM ON ALL PLATFORMS

CLICK HERE






Wednesday, 2 October 2024

Nigerian Artist and producer 'PRINCE 2CHIZ', drops new single titled 'TENSION'

   


[Music] Prince 2chiz - Tension 


Nigerian artist and producer 'PRINCE 2CHIZ', has premiered a new song titled 'TENSION'. his latest release.


TRENDING: 💥Music] Sediq Nason - Iche


After a brief break from entertainment, the entertainment is reportedly back with full force and why the 'TENSION' drop. The artist and producer back with a fully furnished music studio in Abuja. 


Tension by Prince 2chiz is available worldwide on all digital platforms. Stream, download and share


DOWNLOAD MUSIC

PRINCE 2CHIZ - TENSION



STREAM ONLINE

PRESS HERE