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FCCPC, Shippers’ Council Endorse Fairness Agreement

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FCCPC, Shippers’ Council Endorse Fairness Agreement

 

By Edozie Obasi-Eze

As part of efforts to ensure healthy business conduct among operators in Nigeria’s maritime sector, the Federal Competition and Consumer Protection Commission (FCCPC) has inked a Memorandum of Understanding (MoU) with the Nigerian Shippers’ Council (NSC).

Chief Executive Officer, FCCPC, Babatunde Irukera, made the disclosure at the ceremony on Thursday, in Abuja, where he also expressed optimism that the move would remove bottlenecks and increase effective commerce in the industry.

On the rationale behind the MoU, he said, “We are partners in making sure that consumers are treated fairly, market operates robustly and ensuring that the playing field is level for all in the market, without entry barriers.”

Irukera expressed confidence that the agreement would become operational in no distant time.

The CEO commended the NSC’s approach to work with the Commission, and described it as both collaborative and supportive.

In his words, “For us, consumption is as much about pricing, as it is with disposable income and with satisfaction.

“People are likely to purchase again if they are satisfied and if there is enough money to purchase again, so, we are partners in making sure that consumers are treated fairly.
“We share the view that shippers are entitled to a fair recompense for the work and service they provide and by the same token, they share the view that the interim payers or the ultimate payers for the service they provide are also entitled to a fair value, for money proposition.

“Our work is to find that balance, make sure commerce increases and ensure there are no bottlenecks to commerce.

“We will also ensure that those in the business themselves are not bottlenecks to fairness to the citizens of this country.”

In the same vein, Executive Secretary, NSC, Emmanuel Jime, opined that the industry is very sensitive sector of the economy.

He explained that the council was involved in costs’ modulation to the extent that ultimate benefits to the consumers were guaranteed.

According to Jime, “Cost effectiveness is the key element of how services are delivered and when competition is properly monitored and consumers protected, it impacts costs.

“We are sector regulators, we have a common interest and we have to engender a common understanding.

“There is a need to have this kind of partnerships.”
Recall that the FCCPC had in 2021 executed a judicial search warrant and order of the Federal High Court, to actively investigate potential anti-competitive conducts in the shipping industry.

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JUST IN: FG Announces Launch Date For Student Loan Applications

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The Federal Government of Nigeria (FGN) has announced that the portal for student loan applications will officially open on May 24, 2024.

This development is part of the Nigerian Education Loan Fund’s efforts to enhance access to higher education, as stated by the Fund’s media lead, Nasir Ayantogo, on Thursday night.

According to Ayantogo, the launch of the application portal is a significant step in President Bola Tinubu’s commitment to providing accessible and inclusive education for Nigerian students.

This initiative follows the signing of the Access to Higher Education Act, 2023, by President Tinubu on June 12, 2023 which aims to provide interest-free loans to financially disadvantaged students pursuing higher education in Nigeria.

Dele Alake, a member of the former Presidential Strategy Team, noted that this move fulfills one of President Tinubu’s key campaign promises to liberalize funding for education.

The Act, popularly known as the Students Loan Law, also established the Nigerian Education Loan Fund to handle all loan requests, grants, disbursements, and recoveries.

Initially, the government announced that the scheme would launch in September, but it faced several delays, resulting in an indefinite postponement in early March.

The Presidency attributed the delay to President Tinubu’s directive to expand the scheme to include loans for vocational skills.

Following a briefing from the NELFUND team led by the Minister of State for Education, Dr. Yusuf Sununu, on January 22, President Tinubu instructed the Fund to extend interest-free loans to Nigerian students interested in skill-development programs.

President Tinubu stressed the importance of including those who may not seek university education, noting that skill acquisition is equally as important as earning academic degrees.

He had said, “This is not an exclusive programme. It is catering to all of our young people. Young Nigerians are gifted in different areas.

“This is not only for those who want to be doctors, lawyers, and accountants. It is also for those who aspire to use their skilled and trained hands to build our nation.

“In accordance with this, I have instructed NELFUND to explore all opportunities to inculcate skill-development programmes because not everybody wants to go through a full university education,”

Through the portal, students can now access loans to pursue their academic aspirations without financial constraints.

According to the statement, the portal features a user-friendly interface, allowing students to conveniently submit their loan applications.

The statement added, “We encourage all eligible students to take advantage of this opportunity to invest in their future and contribute to the growth and development of our nation. Students can access the portal on www.nelf.gov.ng to begin application.”

 

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JUST IN: Tinubu Welcomes Senegal’s Youngest President At Villa

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President Bola Tinubu received Senegal’s newly elected President, Bassirou Faye, at the Aso Rock Villa in Abuja on Thursday.

Faye, who arrived at 3:09 p.m., is making his first official visit to Nigeria since taking office last month.

At 44, he is the youngest president in Senegalese history, having secured a decisive victory in April’s delayed presidential election with over 54% of the vote.

 

 

 

More to follow…….. 

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11 Confirmed Dead In Kano Mosque Attack

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In the devastating arson that occurred on Wednesday during an early morning prayer in Gaza village near Gezawa in Kano State, eleven people have been confirmed dead.

The perpetrator, 38-year-old Shafiu Abubakar, set fire to a mosque amidst an inheritance dispute, trapping around 40 worshippers inside.

Rabiu Gadan, a resident of the village, disclosed that 11 individuals have tragically succumbed to the burns they suffered.

Of these victims, eight have already been laid to rest, while preparations are underway for the burial of the remaining three, scheduled for Thursday.

Rabiu revealed that the attack was not the first instance of violence involving Shafiu. Previously, he had assaulted two of his older brothers and then voluntarily surrendered himself to the police, claiming responsibility for their deaths.

Another resident, Malam Garba, said, “He has always been troubled, but when he challenged his family to give him his portion of the inheritance, they did.

“He was even taken to a mental institution once when he attacked his relatives but he was given a clean bill of health. So, he was clearly in his right mind when he set the fire, two of his uncles died and we buried them yesterday already.”

According to BIZTELLERS reports, the assailant is currently in police custody, where he has confessed to his actions.

He cited frustration with the way some of the victims handled the inheritance sharing as his motive. Despite warning his family members to stop maltreating him, he claimed his pleas were ignored.

He however expressed no regret for his actions.

Residents confirmed the existence of an inheritance dispute within the family, but the precise nature of the disagreement remained unclear.

At the Murtala Muhammad Specialist Hospital in Kano, where the injured were rushed for treatment, distraught relatives anxiously awaited news about the condition of their loved ones.

Maijida, one of the distressed relatives, shared her heartache, expressing fear over the condition of her father and brothers.

“My father and two brothers are severely injured and I was told some people have died already, what will I do if I lose them, I will be left all alone.” she lamented.

One of the residents that attempted to rescue the victims, Musa Muhammad Gadan said, “I was late going to the prayers, but as I was rushing to the mosque, I heard a blasting noise and then I heard people screaming so I rushed over, the flames had engulfed the building, I and some others tried to rescue them and that is how I sustained burns on my arms.

During a visit to the victims at Murtala Muhammad Specialist Hospital, Deputy Inspector General of Police AIG Umar Mamman Sanda, in charge of Zone 1 in Kano, confirmed the devastating loss of eight lives on Wednesday.

He was accompanied by a delegation of security personnel, including the Commissioner of Police in the state and the Director of the Department of State Services (DSS).

He said, “The suspect was said to be not satisfied with the distribution and was reacting to that. He is presently with us and is giving useful information. It is really unfortunate.”

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