MALI RENAMES COLONIAL FRENCH STREET NAMES. (PHOTO).

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 Mali renames colonial French street names Mali followed Burkina Faso and Niger on Wednesday in renaming streets and squares in its capital to get rid of their French colonial names, AFP reported. Streets bearing the names of members of France's colonial administration have been rebaptised in Bamako, according to a decree by the junta chief. Cedeao Avenue (the French acronym for the Economic Community of West African States or ECOWAS) is also now named after a new strategic confederation that Mali has formed with Burkina Faso and Niger – the Alliance of Sahel States (AES). In all, nearly 25 names have been replaced, among them boulevards, streets, squares and public establishments. Niger and Burkina Faso have already made several changes to street and monument names in the last two years. In October, Niger renamed several historic sites in its capital Niamey which previously bore references to old colonial master France. Mali has been ruled by the military since back-to-back coups ...
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BILL TO END EXPORTATION OF RAW MATERIALS SCALES SECOND READING IN SENATE. (PHOTO).

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 Bill to end exportation of raw materials scales second reading in Senate


A bill seeking to mandate domestic processing of at least 30 per cent of raw materials before exportation has passed its second reading in the Senate. Sponsored by Senator Nwebonyi Peter (APC, Ebonyi North), the bill aims to amend the Raw Materials Research and Development Council Act 2022, introducing provisions for local processing and production protection.


During his lead debate on Tuesday, Senator Nwebonyi highlighted the transformative potential of the bill for Nigeria’s economy. He argued that mandating local processing would boost local manufacturing industries, create jobs for Nigerians, reduce dependence on imports and the demand for foreign exchange. “Promoting local processing to a minimum of 30 percent or more will add value to our economy, particularly to our Naira. It will also encourage innovation within our local industries, leading to a significant increase in domestic production,” he said.


He further noted that the bill, if enacted, would shield Nigerian manufacturers from foreign competition by regulating the importation of raw materials that could be processed locally, fostering a favourable environment for domestic industries to thrive.

In spite of the overwhelming support, Deputy Senate Minority Leader, Sen. Lere Oyewumi, raised concerns about the bill’s practicality, particularly in sectors lacking local processing capacity. Oyewumi said, “There is a need for amendments due to the nature of some products. We assume that all these products should not be exported raw, but what about when there are no companies to process them locally?”


He warned that strict enforcement of the bill could harm local farmers who rely on export markets for raw materials. “We should avoid granting blanket approval, as farmers may incur losses if raw materials cannot be processed locally.” After deliberations, Senate President Godswill Akpabio put the bill to a voice vote where majority of lawmakers voted in favour, allowing the bill to scale its second reading.

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