Connect with us

Uncategorized

IMPORTATION OF COVID-ORGANICS (CVO) FROM MADAGASCAR DISTASTEFUL – Pharmaceutical Society of Nigeria

Published

on

he Pharmaceutical Society of Nigeria (PSN) has reacted to the news that the Federal Government of Nigeria is about to import a herbal concoction called COVID Organics (CVO) from Madagascar describing it as distasteful.

A statement by the Society’s President,
Sam Ohuabunwa said that while it would not mind Nigerian government importing any new drug that is proven to cure COVID-19 or indeed any other disease for which the country have neither the capacity, nor the technology to produce locally, the members are totally appalled that Nigeria is about to spend scarce foreign exchange to import ‘COAL INTO NEWCASTLE’.

“Even if we are not going to pay for this, it is thoroughly disgraceful that a country that should be the leader of Africa, with the largest GDP will allow itself to be dragged this low. Nigeria has about 174 Universities (43 Federal, 52 State and 79 private), 20 Faculties of Pharmacy and about 69 Federal-Funded Research Institutes (including National Institute for Pharmaceutical Research & Development and the Na-tional Institute for Medical Research) while Madagascar has only 6 Universities, 1 Faculty of Pharmacy and 9 Research Centers”

O

Maxi Sam Ohuabunwa


According to Ohuabunwa, “Nigeria has some of the best scientists (Pharmaceutical, Medical, Biochemical, Biological etc.) in the world who have done so much work on natural and herbal medicines. Nigeria has developed a pharmacopeia of natural and herbal products and has one of the richest flora and fauna – potent sources of phytomedicines. Since the outbreak of the COVID-19, a number of them have raised their voices that they have herbal and natural products that can be used to treat or manage COVID-19. Some have patents. Many herbal companies and producers have announced specifically that they have herbal formulations that can do what this ‘invention’ from Madagascar can do”.

“We have raised our voices severally that the Federal Government should review these claims and help put them through clinical evaluation as most of these producers cannot afford to conduct clinical trials. We have recommended that a portion of the nearly 25 Billion Naira donated/allocated for the COVID-19 pandemic should be dedicated for local research and development. But our Government has remained essentially silent only waiting to participate in WHO sponsored or mandated trials. We have been told that Nigeria is partici-pating in the WHO solidarity trial, but nothing on trying our own inventions and formulations”.

“Now we want to import COVID Organics. from Madagascar to try? Why are we like this? If the world can sup-ply us synthetic and chemically-sophisticated medicines which we apparently lack the technology to pro-duce, why must we wait for the World to supply us herbal formulations which we can easily make and which we have similar products”.

The statement urged the Government to save Nigerian Pharmaceutical Scientists and other scientists from the shame of having the country import and try herbal remedies which God has given the nation in abundance and some of which have been used for ages. It charged the government to try our local formulations before trying COVID Organics or any other imported remedy.

“Every well-meaning nation has been in a race to find cures, remedies and other medical supplies used for COVID-19, while we seem to wait for other nations to solve our problems. There is much talk but little action. This dependency mentality needs to change and now is the time. We must seize this opportunity to look inwards, build confidence on our abilities, competences and re-orientate our national economic philosophy from import dependency to export driven. And Nigeria can beat India and China in the production and export of herbal products if anyone is willing to lead us down this part” he concluded

Continue Reading

Uncategorized

NPA vows to upgrade country’s maritime hub status

Published

on

Rotimi Amaechi, Minister of Transportation

In a statement issued on Sunday in Lagos by NPA General Manager, Corporate and Strategic Communications, Mr Olaseni Alakija, Bello-Koko disclosed this in Abeokuta, Ogun,  at the first retreat for the reconstituted board of directors.

The theme of the retreat was “Expanding the Frontiers of Service Excellence.”

He noted that investments in modern deep seaports would attract very large merchant vessels with the attendant multiple socio-economic benefits, as well as boost port revenue performance.

The statement said Bello-Koko disclosed that a lot had been done, especially in the last few months, to resolve most of the identified constraints to the efficient movement of cargoes to and from ports.

Such efforts, he said, were in line with the new direction and measures being put in place to actualise NPA’s aspirations,

“Nigeria accounts for about 70 per cent of cargoes imported into West and Central Africa and the country controls an impressive stretch of the Atlantic Ocean.

“Nigeria’s rich aquatic endowments and her border with landlocked nations makes development of deep seaports a huge potential revenue earner for the nation.

“The move towards earning the status of hub in the region is in line with our new vision statement.

“This was adopted at the recent NPA Management retreat with the theme ‘To Be The Maritime Logistics Hub For Sustainable Port System In Africa,” he said.

The statement said the acting managing director described the board retreat as very timely, as it signposts a unity of purpose and shared vision.

According to him, the vision is one in which the executive management works closely with every section, unit, department, division and directorate and embraces an all-inclusive strategic outcome for the organisation with the requisite buy-in of the board.

“In appreciation of this, I will like to crave the understanding of the board with regards to the executive management’s limitations in actualising some of our goals and objectives, which I am sure distinguished board members must have noticed in the course of the tour of ports that preceded this retreat,” he added.

The NPA boss informed the board that recent interventions made by the authority had led to significant improvement in terms of ship and cargo dwell time at the ports.

He, however, explained that some of the benchmarks which were yet to be achieved were dependent on “externalities and variables” that required concerted inter-agency actions.

He said that NPA, despite dogged efforts, has yet to optimally achieve the said benchmarks due to systemic administrative constraints and red-tape.

He enumerated the constraints as conflicting directives from the agencies operating within the ports and reporting to different supervising ministries with jurisdictional overlaps and duplications of functions.

He informed the board that concerted efforts were being made to expand NPA’s revenue streams, in addition to revenue from traditional port operations.

According to him, unlike the practice in sister Francophone countries where government funds the dredging of ports, the NPA was responsible for funding its.

This, he said, has put a lot of strains on its resources and capacity to invest in critical port infrastructure.

“We are facing decaying port infrastructure, for example, sections of the quay aprons or walls at the Tin Can Island Port, Onne, Delta and Calabar Ports are collapsing and require huge funds to repair them.

“With the increasing pressure to remit more revenue to the Consolidated Revenue Fund (CRF) of the federation, it has become very difficult to have sufficient funds to attend to these decaying facilities.

“There is then the need to explore alternative funding sources outside the traditional port service offerings,” he stated.

Bello-Koko explained that the authority was blessed with prime real estates which could serve as alternative funding sources outside the regular budget.

“NPA has a lot of high value landed properties in Onne, Snake Island, and Takwa Bay that are designated free trade zones.

* Apapa Wharf

“They are mostly allocated but burdened by poor arterial road network and other infrastructure to make them attractive for private investments which would bring good revenue to the authority and the Federal Government.

“Management will need the support of the board to drive the process of alternative revenue sources to actualise the lofty aspirations of the authority,” he said.

The Acting MD also disclosed that management had opened correspondence with some multilateral financial institutions such as the French Development Agency (AFD), African Development Bank (AfDB), European Investment Bank (EIB) and Sanlam Infraworks (a Central Bank of Nigeria approved fund manager for InfraCorp).

He explained that these were all part of plans to access long term low interest credits for port infrastructure upgrades and expansion.

“In making the Nigerian seaports more business friendly, we have been able to deploy technology to address the perennial traffic gridlock that has been frustrating the conduct of business around the Lagos ports corridor.

“A software application code named “eto” is gradually restoring sanity to trucking business despite the initial teething problems and resistance by vested interests hitherto profiting from the chaos.

“The authority has accredited 33 private truck terminals within the Lagos area, in addition to the Lily Pond Truck Transit Park and Tin Can Island Port Truck Transit Park, to ensure trucks do not park indiscriminately on the access roads.

“The trucks would only be allowed to transit to the port after obtaining electronic tickets via the “eto” call-up platform and the authority is collaborating with the Lagos State Government to ensure enforcement and compliance with the e-call up system, he said.

He added that other solutions being implemented was the push to link all seaports to the national rail network, as well as optimise the use of the inland waterways through the transfer of cargo or containers via barges.

Bello-Koko said that currently the authority was streamlining barge operations to ensure efficiency, safety and cost effective cargo delivery for increased port revenue.

He said that the Bonny Seaport project in Rivers, boosted by two major railway projects, would massively transform the economic landscape of the country, particularly the South-South and South-Eastern regions.

Continue Reading

Uncategorized

BREAKING: Former CBN Deputy Governor Obadiah Mailafia Dies at 64

Published

on

A former Deputy Governor of the Central Bank of Nigeria, Dr. Obadiah Mailafia, has passed on at the age of 64.

Mailafia, who was a columnist with The PUNCH was said to have died at midnight after a brief illness.

The former deputy governor, who was the Presidential candidate of the African Democratic Congress in the 2019 election, was a known government critic and had advocated for public sector and exchange rate reforms.

Mailafia was born on December 24, 1956, in the Sanga Local Government Area of Kaduna State.

He later graduated top of his class at Ahmadu Bello University, Zaria, in 1978 with a First Class B.Sc.Honours Social Sciences degree (Politics, Economics, and Sociology). He also has an M.Sc. from the same institution.

He subsequently won a French Government Scholarship to France, where he earned a Certificate in French Language and Civilisation from the University of Clermont-Ferrand in 1985.

Mailafia later proceeded to the United Kingdom as a Foreign and Commonwealth Office Scholar at Oriel College, earning a DPhil from the University of Oxford in 1995.

He joined partisan politics in 2018 amid the rising killings in Southern Kaduna.

Despite losing, he remained an ardent government critic and got into trouble with the regime of the President, Major General Muhammadu Buhari (retd.), when he alleged that a northern governor was a Boko Haram commander.

This earned multiple invitations by the Nigeria Police Force, forcing him to recant his statement.

In his last interview with The PUNCH, Mailafia said the refusal of the CBN to sell foreign exchange to bureau de change operators may not yield the expected result because corrupt bankers would frustrate it while the BDC operators were being shielded by a “Jigawa cabal”.

He had also lamented that Nigeria was operating a “dollarised” economy which was hampering economic growth.

Continue Reading

Advertisement

Published

on

Continue Reading

Trending

Copyright © 2021 Sunrise Magazine. All rights reserved