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NEWS & EVENTS
UPCOMING EVENTS
Breakfast Session on Appraisal of 2010
Federal Government Budget.
Breakfast Session on Public Private
Partnership and Infrastructure Development of Nigeria.
Breakfast Session on Petroleum Industry
Bill.
Breakfast Session on Rapid Development of
the Niger Delta: Prospects and Challenges
Breakfast Session on New Tax Structure and
Administration in Nigeria
Breakfast Session on 2010 Economic Outlook
of Nigeria
RECENT EVENTS
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Breakfast meeting of ABC
on �Recent Banking Reforms and the Outlook of the Sector in 2010�
held on March 30, 2010. Guests Speakers were
Emeka Emuwa, MD/CEO of Citibank Nig. Ltd and Bismarck Rewane, MD, Financial
Derivatives Company Ltd.
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Members of the Task Force
on Ports Operations of the American Business Council
held a meeting on November 25,2009, with
representatives of USAID-MARKETS who are assisting the Nigerian Customs
Service to develop capacity to handle a supply chain security type customs
regime. The meeting concentrated on performance of the Nigerian Customs
vis-�-vis the World Customs Organisation (WCO) Framework of Standards (FOS)
to secure and facilitate global trade.
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Scott Eisner, Executive
Director, Africa Business Initiative (ABI), US Chamber of Commerce,
accompanied by a colleague, Danielle Walker, Associate Director, Middle East
and Africa paid a visit to Nigeria
on 10-12 January, 2010 during which he held useful discussions with
member-companies of the American Business Council. He explained that A.B.I
was established to expose the US business community to the vast economic
opportunities in Africa and promote increased American direct investment in
the continent.
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The US Mission/United
States Trade and development Agency (USTDA) in collaboration with the
American Business Council organized a Power Entrepreneurs Forum
on February 16, 2010 at which, the USTDA Consultant outlined project
opportunities and requirements for USTDA technical assistance. Participants
also proffered solutions to the power situation in the country during the
Forum.
RECENT PROJECT REPORT
Report of Task Force on Ports Operations:
Arising from the negative impact of port congestion on the operations of some
member-companies and the economy as a whole, the American Business Council (ABC)
empanelled a Task Force on Ports Operations headed by Mr Godwin Oteri to find
out the basic reasons for the congestion and propose possible solutions. ABC
plans to work with various stakeholders, including government agencies to ensure
that the Ports function better.
ONGOING PILOT PROJECTS
The rationale
here is to identify very broad issues which have fundamental impact on Nigeria�s
long-term development and after assessment at the macro level, define a few that
will be addressed in depth with a view to achieving practical lasting results
meaningful to Nigeria and ABC members. After consideration, ABC decided to focus
on the following pilot projects each with a team leader:
a) Education-With technical school support as priority.
b) Infrastructure-With power as priority.
c) Institution Building-With Intellectual Property Rights (IPR) as
priority.
The IPR
Sub-Committee has evolved strategies for protecting intellectual property rights
in Nigeria, especially the enforcement of existing laws, which were approved by
the Board in June 2007. The strategies have since been translated into an Action
Plan for ABC�s implementation in collaboration with other stakeholders in due
course.
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