OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...
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NIGERIA-INDIA JOINT TRADE MEETING HOLDS IN ABUJA. (PHOTOS). #PRESS RELEASE.

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 Press Release

 

Nigeria -India Joint trade meeting holds in Abuja.

 

Nigeria and India are holding a joint trade summit today in Abuja to improve their bilateral ties and ease commerce.

At the opening ceremony, Ambassador Nura Abba Rimi, Permanent Secretary Federal Ministry of Industry, Trade, and Investment, welcomed delegations from both countries and stated that the joint meeting was called to strengthen the existing bilateral trade and investment relations between the two countries.

He said the joint bilateral meeting will focus on key priority areas with the “aim of reviewing the development and expansion of economic relations as well as exploring the possibilities of increasing and diversifying trade.”

Ambassador Rimi acknowledged the increasing volume of trade between Nigeria and India saying, “India is the largest trading partner of Nigeria in Asia especially, Nigeria’s petroleum products (which is a total of 12% India’s crude requirements) while Nigeria is ranked 4th largest importer from India with a value of USD 8.78 B according to the 2022 annual foreign Trade report.”

The Permanent Secretary assured the Indian delegation that Government is committed to facilitating a conducive environment for Trade and investment where both Nigerian and her foreign partners, including Indian businesses, can thrive. This is why the Federal Executive Council (FEC) in March 2022 approved the Trade policy action plan (2022-2026) followed by the inauguration of trade policy of Nigeria review Committee (TPNRC) enhance service delivery in a manner that will stimulate the growth of the domestic Economy through Industrialisation, Trade, and Investment.

Ambassador Abba Rimi said the invitation and subsequent participation of Nigeria President at the G20 Summit in India was a great milestone that led to the country securing pledges worth $14 billion in investment. This significant commitment further strengthens the bilateral ties between the two nations, adding, “Out of the $14 billion promised President Tinubu (during his to the G20 summit in September 2023) as an investment into the Nigerian economy, $7 billion has already been signed immediately after the visit, in January 2024.” 

The lead negotiator of the Indian delegation Amardeep Singh Bhatia, Additional Secretary Department of Commerce Ministry of Commerce and Industry, Government of India, expressed great optimism in anticipation of the successful outcome of the joint meeting.

According to him, "India and Nigeria have strong and historical relations." Our bilateral connections, which date back before Nigeria's independence, have been nurtured by both countries' leaders, he noted.

He stated that India is eager to invest more in Nigeria, stating, "We are here to explore bilateral relations between the two countries to stimulate trade and investment, especially in the non-oil sectors of pharmaceuticals, agriculture, and mining."

Ambassador Balasubramanian, India's High Commissioner to Nigeria, emphasised the two countries' strong and growing economic and trade connections. Nigeria currently hosts about 150 Indian enterprises, with a total investment of $27 billion, largely in the manufacturing sector.

The envoy stated that bilateral trade between the two countries has totaled $14.95 billion in the formal sector and around $5 billion in the informal sector during the last two years.

Over the past few years, Nigeria and India have continuously had constructive engagements. The first joint Meeting held in India in December 2019. This enabled both countries to review the economic ties on Trade and Investment, which eventually shored up increased volume of trade and more robust bilateral relations between the two countries. Ends.

                                                             

Adebayo Thomas

Director Information & Public Relations

29/04/2024..

More photos below. 



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