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Month: October 2020

Enabling business environment: Engineer Sule signs investment, mortgage bills into law

In a bid to create enabling environment that will attract investors, Nasarawa State Governor, Engineer Abdullahi Sule, has signed the Nasarawa State Investment Development Agency Bill 2020, as well the Nasarawa State Mortgage and Foreclosure Bill, into law.
Engineer Sule signed the two bills into law at a brief ceremony at the Government House, on Thursday.
The event was witnessed by members of the state executive council, the legislature led by the Speaker of the Nasarawa State House of Assembly, Rt. Hon Ibrahim Balarabe, as well as the CEO/MD of the Nigerian Mortgage Refinancing  Company (NMRC), Kehinde Ogundimu, amongst other top government functionaries.
In a remark shortly after signing the bills into law, the Governor described the two new laws as foundation for the take-off of the state’s friendly business environment, stressing that without the laws, it will be difficult to attract lots of investors into the state. 
“Without these laws, it would be very difficult to be able to invite a lot of investors, who are serious about investment, who understand what investment is, who understands what it takes for resolutions of all kinds of issues that come as a result of investment,” Engineer Sule said.
According to the Governor, the Nasarawa State Investment Development Agency, will facilitate the establishment of a one stop shop for all kinds of investments, where government will assist investors towards realizing their vision.
“Once you are there, they will do the run around for you. And you tell them what type of investment it is, registration of your company, understanding your taxes, what kind of benefits you will have, what kind of wavers that are going to be available to you. What does it take for you to acquire land, what does it take to get your documentations, what is there to get your C of O,” he stated.
The mortgage and foreclosure law, on the other hand, will promote liquidity.
“For housing, it’s going to fast track the process of creating  all the legal issues on mortgages and the issue of timely resolution of all kinds of disputes that are likely to happen,2 Engineer Sule said.
The Governor used the opportunity to the government team, as well as the MD of the Nigeria Mortgage Refinancing Company and his team, for coming up with the blueprint that led to the signing of the two bills into law.
Engineer Sule equally commended the Nasarawa State House of Assembly, particularly the Speaker, Rt. Hon Ibrahim Balarabe, for the prompt consideration and speedy passage of the bills into law.
Earlier, the MD NMRFC, Kehinde Ogundimu, described the event as a milestone not only for Nasarawa State but the country as a whole, adding that the signing of the two bills into law is the laying of a solid foundation for investments and greater things that will come to the state.
“There is a direct correlation between legal framework and amount of investments you have in a state. Now that we have the legal framework, we will not relent in attracting investment to Nasarawa State,” Ogundimu said. 
Also, in an opening remarks, Special Adviser to the Governor on Investment and Economic Planning, Barrister Ibrahim Abdullahi, said industrialization or investment can happen  in a sustainable way only through the creation of enabling legal and regulatory frameworks.
“This is the promise of Engineer Abdullahi Sule as enshrined in the Nasarawa Economic Development Strategy (NEDS), to create a private sector led and competitive economy for our state,” the SA said.

Nasarawa First Lady Donates COVID-19 Safety Facilities to 248 Schools

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The first lady of Nasarawa State, Hajiya Silifat Abdullahi Sule, Thursday donated COVID-19 Safety Facilities worth millions of naira to 248 schools in the state as schools are being reopened.
Silifat, who is wife to Governor Sule of Nasarawa State and Founder of Silifat Abdullahi Sule Hope Foundation, made the donation to the schools in Lafia, stating that the gesture was part of her modest contribution to curtail further spread of COVID-19 pandemic in the state.
Items donated by the Nasarawa State first lady include 3,800 gallons of liquid soap, 2,000 hand sanitizers and 800 basins for hand washing to be distributed to 248 secondary schools in the Northern and Southern Senatorial Districts of the state.
Addressing representatives of the beneficiaries, the governor’s wife appealed to the schools to support the government to ensure that the COVID-19 virus was contained from spreading in the state and beyond.
She called on the residents of the state to restore confidence in government and governance, even as she thanked the people for believing in the administration of her husband.
Silifat explained that her pet project, Silifat Abdullahi Sule Hope Foundation, would continue to work closely with government to initiate programmes that would have positive impact on the lives of the people.
In a remark, the state commissioner for Education, Science and Technology, Hajiya  Fatu Sabo, described the donation as the first of its kind in the state and called for support from private organizations considering the enormous needs in the education sector.

Waste to Enegy Partnership Agreement between Nasarawa State Government and Beacon Energy Development Service

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Nasarawa State Government has signed a concession agreement with a private firm, Beacon Energy Development, for the setting up of a plant that will generate power from waste, estimated to cost $31.5m.
Representatives of the Nasarawa State Government, as well as management of the Beacon Energy Development, signed the agreement at a brief ceremony at the Government House, on Wednesday.
In a remark shortly after signing the agreement, Nasarawa State Governor, Engineer Abdullahi Sule, expressed satisfaction that the waste to energy project fits perfectly with the development agenda of his administration.
Engineer Sule commended the Federal Government, as well as the Federal Ministry of Environment, for initiating and constructing the waste recycling facility in Auta Balefi and donating it to the Nasarawa State Government.
According to the Governor, the idea was for the state government to run the facility as a business but that has not been the case because as experience has shown, businesses ran by government always run into challenges.
Engineer Sule expressed appreciation that Beacon Energy Development, a company owned by a son of the state, Dr. Lazarus Angbazo, is coming in to take over the facility for the generation of energy from waste.
“I am happy that our dear brother and his company, Beacon, have decided to join us and to take it over and run it under this PPP arrangement.
“That’s the part that makes me very happy, that we have been able to put this particular project into proper use,” the visibly elated Governor said.
Engineer Sule said the partnership is coming at a time when the need to address power challenges in the country and Nasarawa State has become paramount, especially that power is essential for any form of economic activity.
He however pointed out that sometimes to set a target is not enough but to follow up and implement that target, praying that parties to the agreement will implement the ideas behind the project so that it will be a legacy for both the firm and for his administration.
Earlier, MD/CEO of Beacon Energy Development, Dr. Angbazo said the concession has both local and international contents, involving a Swedish company, with the associated power generation capacity visualized for the project, enough to provide power to the industrial cluster already in place around Karu, with further possibility to attract more industries, cottage industries that  youths and women can key into.
“We have a huge issue of sanitation and waste management in the country. We have taken a long term view of our state, of our country, of our community, particularly the youths and women. We have an opportunity to turn a problem into an economic engine,” he stated.
In an introductory remarks, Special Adviser to the Governor on Investment and Economic Planning, Barrister Ibrahim Abdullahi, said the project estimated at $31.5m, will entail designing, financing, building and operating the plant at Auta Balefi, which will be upgraded to an integrated municipal waste management facility for converting waste to energy.
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