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AfCFTA: Social Action Commends PMB
Social Action commends Nigeria’s President Muhammadu Buhari for his critical and empathetic approach toward signing the AFCFTA Agreement.
This is contained in a statement titled ‘AfCFTA: NIGERIA CUSTOMS SERVICE, OTHERS, COULD TRUNCATE PACT IF…’widely circulated and received by the INFORMAVORES ONLINE NEWS
The statement said, “The enactment of the AfCFTA is indeed good news for Nigeria and the African continent at large.
Securing free trade throughout the continent has the potential to kick-start Africa’s industrial revolution and develops its economy in ways never before seen. The UN estimates that under the AfCFTA, intra-African trade could increase by 52.3 percent by 2022. When its implementation kicks off, the agreement will boost intra-African trade by removing tariffs on 90 percent of goods while the rest ten percent of tariffs being on “sensitive goods” would be also be eliminated subsequently, albeit gradually.”“However, it is imperative to warn that Nigeria would only stand to harness and indeed maximise the benefits of this landmark trade deal if it immediately moves to put in place the right policies, frameworks and indeed structures to achieve set out goals. Key institutions such as customs and immigration services must rise above board and dispense of their key roles in this continental pact with national pride and integrity, eliminating all known as well as contrived constraints including corruption that would jeopardize the smooth operation of the trade deal.”
“Government must also move quickly to address the infrastructural gaps such as electricity that undermines productivity of companies in Nigeria. Addressing infrastructural gaps will lead to reduced cost of production and stimulate industrial growth. This will in the long run provide Nigerian companies with the opportunity to access large continental markets and thus gain from the economy of scale as well as mitigate adverse balance of trade.”
“Furthermore, time cannot be better than now, to pursue and implement the National Industrial Revolution Plan to strengthen the country’s Industrial sector, to empower it to effectively compete with those of other climates.”
“It must also ensure genuine diversification of the economy by affecting a paradigm shift from the mono-product situation of the country to multi-product to afford Nigeria the impetus to harness not just the new African trade deal but others as the proposed open EU markets.”
“The AFCFTA therefore, offers ample opportunity for industrialization and job creation as it has provided the platform for Small and Medium Enterprises in Nigeria to connect to regional and continental value chains while consolidating the country’s position as the biggest economy in Africa.”
Social Action commends Nigeria’s President Muhammadu Buhari for his critical and empathetic approach toward signing the AFCFTA Agreement, a move which helped to scrutinize and understand the import of the agreement to Nigerian Economy. It notes that the President’s method in activating rigorous consultations and assessments and scrutiny, was to ensure that the agreement becomes a meaningful platform for Nigerian manufacturers of goods and providers of service to showcase and offer to the continent their unique products and services, as well as to reciprocally receive products and services from other African nations thereby revolutionizing Africa into ‘Factory Africa’. The President was also right in insistence on not only free but fair trade
Nigeria has joined other African countries to make history by signing the world’s largest free trade area deal, encompassing 55 countries and over 1.2 billion people. The signing of the trade deal by the country’s President Muhammadu Buhari at the 12th extra ordinary summit of the African Union, AU effectively brings into force, the trade agreement between 55 African Union nations that would create a single market backed by an African single-currency as well as a free movement protocol among others.
News
Group Petitions Senate President Over Alleged Unjust Dislodge of IST Chairman
From Joseph Amedu, Lokoja
Plateau Democratic Movement, (PDM), has petitioned the Senate President, Godswill Akpabio, to set up a committee to investigate the alleged “unconstitutional dislodgement” of the Chairman of Investments Securities Tribunal (IST), Mr Amos Azi from office.
googlesyndication.com/pagead/js/adsbygoogle.js">The group’s Chairman, Ishaya Turba and Secretary, Iliya Mangai, in the petition signed and made available to newsmen on Fiday in Lokoja, Kogi, North Central Nigeria, described Azi’s removal as “Unjust and an abuse of office.”
The PDM said that Azi was appointed in August 2025 by President Bola Tinubu for a second term only for one Aminu Junaidu to surface and took over the office alleging that the Secretary to the Government of the Federation (SGF) appointed him.
The group said that with the recent discovery of fake agencies and appointments, “there is need for the Senate to probe and questioned the sudden coming in of Mr Aminu Junaidu as IST Chairman shortly after Azi secured a second tenure duly approved by Mr President.”
“As a concerned group, we are moved to write this petition following ICPC’s recent uncovering of fictitious agencies operating under the office of the SGF.
“We have been following and monitoring recent events concerning fake agencies and fake chief executives of those agencies by ICPC.
“We believe the issue of fake appointment and fake agencies is related to what recently happened at the IST.”
PDM described as unfortunate a situation where Azi, who was duly appointed by the presidency, found himself dragging his position with junaidu.
“We are appealing for an urgent and thorough investigation into the circumstances surrounding the emergence of Aminu Junaidu as Chairman of the Investments and Securities Tribunal (IST) and the circumstances surrounding his reported assumption of control of the tribunal,” the group added.
“Our concern is borne out of the conviction that the IST, whose mandate is to resolve capital market disputes, must be headed and administered strictly in accordance with its enabling law.
“Therefore, any irregularity concerning its leadership has the potential to undermine public confidence, the rule of law, and confidence in Nigeria’s capital-market regulatory framework.
“We hereby urge Mr Senate President to urgently investigate how Junaidu assumed the office on Oct. 2, 2025 under alleged controversial circumstances.
“This development immediately raised serious concerns because the statutory framework governing the appointment of the chairman of the tribunal is specifically prescribed in the Investments and Securities Act (ISA) 2025.”
It could be recalled that a prominent advocacy group, Make A Difference Initiative (MADI), had on April 8 petitioned the senate over what it described as “a breach of the Investment and Securities Act 2025,” by the SGF, Sen. George Akume.
MADI’s petition, addressed to Senate President Godswill Akpabio, highlighted concerns arising from what it described as the “illegal appointment of Junaidu by the SGF” weeks after President Bola Tinubu had approved the re-appointment of Azi as the tribunal’s chairman and CEO.
The group had urged the senate to investigate the alleged removal of Azi and correct the abnormal in the interest and security of investors in the country.
News
Benue’s Mbatan Community: Child Night Crawlers Get Cane Strokes; Hemp Dealers Fined N50k, N200k, Face Banishment
By Felix Umande
The Mbatan Traditional Council in Gboko Local Government Area of Benue State has banned children below 16 years from attending wake-keeps and night gatherings and from loitering around kiosks selling sachet drinks. adsbygoogle || []).push({});
The council also banned cultivation, sale and smoking of Indian hemp and drug abuse in the community.
The resolutions were reached at an expanded council meeting held on Monday, October 5, 2026, according to a statement issued by the District Secretary, Iortyom Ezekiel. The laws will take effect from October 13, 2026.
The council ruled that any underage child caught violating the curfew will receive 12 strokes of the cane. It directed men of the Benue State Civil Protection Guards, youth organisations and hunters to enforce compliance.
On Indian hemp, the council warned that anyone caught cultivating Cannabis Sativa will be banished to his maternal home, locally known as “Igba.” Sellers in small quantities will pay N50,000 fine, while operators of bunks will pay N200,000 and one big goat.
Smokers and drug abusers, when caught, will pay N50,000 with 12 strokes of the cane.
The council advised youths to venture into rice and soybean farming instead of Indian hemp.
In his remarks, Tyoor Mbatan, Chief Orpin Jinge, called on the Tanaka Development Association, kindred heads and community leaders to intensify awareness on the new laws.
Mbatan is a council ward within Mbayion, Gboko LGA.
News
Unrest In Gboko: Chairman Suspends Okada Union, Imposes Dusk-To-Dawn Curfew
The Chairman of Gboko Local Government Council, Barr. Torseer Yina, has suspended the leadership of the Benue Motorcycle Hirers Association, BEMOA, Gboko branch, with immediate effect.
adsbygoogle || []).push({});The chairman also imposed a dusk-to-dawn curfew in the local government from Thursday, October 8, 2026, to contain violent protests by members of the association.
The protest followed the killing of an Okada rider by unknown gunmen who reportedly shot him and made away with his motorcycle on Wednesday night.
The protest, which was hijacked by hoodlums, turned violent when an angry mob burnt down two vehicles belonging to the Benue State Civil Protection Guards.
In a statement signed by the Secretary, Gboko Local Government Security Council, Vincent Akaakohol Nev, the chairman said the curfew takes effect from 6 p.m. to 6 a.m. daily.
He warned that anyone caught flouting the order and breaching public peace would be decisively dealt with, adding that persons and vehicles on essential services are exempted.
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