Enugu State Governor, Peter Mbah, has signed an Executive Order mandating the relocation of spare parts and allied trade markets from Coal Camp and other neighborhoods in the Enugu Capital Territory to the new Enugu International Motor Spare Parts and A… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Gov. Mbah signs executive order relocating Enugu Spare Parts Market By sbinsights on March 15, 2025 Enugu State Governor, Peter Mbah, has signed an Executive Order mandating the relocation of spare parts and allied trade markets from Coal Camp and other neighborhoods in the Enugu Capital Territory to the new Enugu International Motor Spare Parts and Allied Trades Park along the Enugu-Onitsha Road in Udi and Ezeagu Local Government Areas. Speaking at the signing ceremony, attended by Attorney General Dr. Kingsley Udeh and leaders of Enugu's spare parts dealers, Governor Mbah assured traders that the new market would address challenges faced in Coal Camp. "This is a purpose-built market with all necessary infrastructure, including safety codes, fire service, a clinic, truck parks, and residential areas for traders to live close to their businesses," Mbah stated. Read also Gov. Mbah signs executive order relocating Enugu Spare Parts Market FCCPC sues MultiChoice over DSTV, GOtv Price hike FG clears bottlenecks, unlocks private investment in key road projects Nigeria's manufactured goods exports surge 110% YoY to N494.2bn in Q4 2024 Google to retire Google Assistant, replacing It with AI-Powered Gemini Construction is already underway, with roads being opened and buildings under development. The governor assured that traders would relocate within months to a modern trading hub that enhances business efficiency. Traders Hail Governor's Commitment President of the Enugu Motor Spare Parts Dealers Association, Chief Michael Nomeh, expressed gratitude, highlighting that past governments had failed to deliver on relocation promises since 1999. "This is the first time a governor is fulfilling his campaign promise to relocate us to a modern international market," Nomeh said. Strategic Economic Impact The Managing Director of the Enugu State Investment Development Authority, Dr. Sam Ogbu-Nwobodo, emphasized that the new location is strategic for trade, connecting the Middle Belt, South-South, and Cameroon to Onitsha. "This project is key to our drive for a $30 billion GDP. It offers traders ownership opportunities, better facilities, and an organized trading environment," he stated. The new spare parts market will feature: Shops, warehouses, and workshops Smart schools and healthcare centers Police and fire service stations Recreational parks and a football pitch Governor Mbah reiterated his commitment to economic growth and urban development, positioning Enugu as a major commercial and industrial hub.

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The Federal Competition and Consumer Protection Commission (FCCPC) has taken legal action against MultiChoice Nigeria and its Chief Executive Officer, John Ugbe, for violating regulatory directives and obstructing an ongoing investigation into the compa… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FCCPC sues MultiChoice over DSTV, GOtv Price hike By sbinsights on March 15, 2025 The Federal Competition and Consumer Protection Commission (FCCPC) has taken legal action against MultiChoice Nigeria and its Chief Executive Officer, John Ugbe, for violating regulatory directives and obstructing an ongoing investigation into the company's recent price hike on DStv and GOtv services. The FCCPC had earlier directed MultiChoice to suspend its planned price increase pending a full review. However, the company went ahead with the new pricing on March 1, 2025, in defiance of the commission's order. Following this breach, the FCCPC has filed charges at the Federal High Court, Lagos Judicial Division, citing three key violations under the Federal Competition and Consumer Protection Act (FCCPA) 2018: 1. Obstructing a regulatory inquiry by proceeding with the price hike despite directives to halt it (Section 33(4)). 2. Impeding an ongoing investigation by disregarding orders to maintain the current pricing (Section 110). 3. Misleading regulatory authorities by implementing the increase without formally objecting to the directive (Section 159(2)), an offence punishable under Section 159(4)(a) and (b) of the Act. Read also FCCPC sues MultiChoice over DSTV, GOtv Price hike FG clears bottlenecks, unlocks private investment in key road projects Nigeria's manufactured goods exports surge 110% YoY to N494.2bn in Q4 2024 Google to retire Google Assistant, replacing It with AI-Powered Gemini NAFDAC busts syndicate scamming foreign companies with fake documents In a statement, FCCPC's Director of Corporate Affairs, Ondaje Ijagwu, condemned MultiChoice's defiance, describing it as a deliberate attempt to undermine regulatory oversight, disrupt market fairness, and exploit consumers. "This blatant disregard for regulatory authority and consumer protection laws will not be tolerated. MultiChoice's actions demonstrate a pattern of conduct that undermines fair competition and consumer rights," Ijagwu stated. He added that the FCCPC is considering additional enforcement measures, including financial penalties and regulatory sanctions, to ensure compliance and accountability. The legal battle marks a critical test of Nigeria's consumer protection laws and the FCCPC's ability to regulate dominant market players in the pay-TV sector.

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The Federal Government has removed bureaucratic hurdles that stalled private sector investment in major road projects, accelerating infrastructure development under a Public-Private Partnership (PPP) framework.Speaking on Arise TV, Minister of Finance W… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FG clears bottlenecks, unlocks private investment in key road projects By sbinsights on March 15, 2025 The Federal Government has removed bureaucratic hurdles that stalled private sector investment in major road projects, accelerating infrastructure development under a Public-Private Partnership (PPP) framework. Speaking on Arise TV, Minister of Finance Wale Edun reaffirmed President Bola Tinubu's commitment to addressing Nigeria's $100 billion annual infrastructure deficit by mobilizing private capital. Recent approvals by the Federal Economic Council have allowed private investors to proceed with the Benin-Asaba Highway and the Lagos-Abeokuta Road under the Highway Development and Management Initiative (HDMI), which initially faced delays despite strong investor interest. With Tinubu's intervention, the projects—part of a broader 5,000-kilometre road concession plan—are moving forward. Investors have secured long-term domestic financing to construct, toll, and maintain these roads, significantly improving transport efficiency. Edun stated that travel times on the Benin-Asaba corridor will be reduced from four hours to just one. Read also FG clears bottlenecks, unlocks private investment in key road projects Nigeria's manufactured goods exports surge 110% YoY to N494.2bn in Q4 2024 Google to retire Google Assistant, replacing It with AI-Powered Gemini NAFDAC busts syndicate scamming foreign companies with fake documents NITDA, JICA partner to boost innovation, Job creation across Nigeria HDMI Timeline and Investment Outlook The HDMI was launched in 2021, attracting 75 bidders, with 18 prequalified by early 2022. By May 2023, concession agreements for nine pilot roads had been signed with six concessionaires, including Africa Plus Partners Nigeria Limited (APPNL) for the Benin-Asaba and Lagos-Abeokuta expressways. Other key concessionaires include: AFC/Mota-Engil Consortium: Shagamu-Benin Highway (258 km), Lagos-Badagry-Seme Border Road (79 km). China Harbour Engineering Company Ltd (CHEC): Abuja-Keffi-Akwanga-Lafia-Makurdi Highway (175.9 km). Dafac Consortium: Kano-Shuari Highway (100 km). The programme has gained traction with investments from Nigerian pension fund managers, reflecting growing domestic interest in infrastructure as an asset class. While regulatory frameworks such as the Infrastructure Concession Regulatory Commission (ICRC) have been in place since 2008, recent reforms aim to enhance transparency and efficiency. However, investors remain cautious, closely monitoring execution and regulatory oversight. These projects will serve as a test case for Nigeria's ability to leverage private capital for infrastructure development, with potential long-term benefits for economic growth.

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