The Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Mr. Edet Sunday Akpan, has reiterated the commitment of the Federal Government on empowering youth through the establishment of the Trans-national border markets across the country.
The Permanent Secretary disclosed this during a meeting with officials of Niger State Government and other relevant stakeholders on Babaana Trans-National Border market in Abuja.
Mr. Edet further revealed that the project when completed would bring about benefits to the national policy objectives such as job creation, wealth creation and integration of Nigerian economy to regional markets.
“The Babaana Trans-national border market is a noble project which when completed will help in achieving many national policy goals as well as regional and international goals such as sustainable development goals “, he said.
He further stated that the benefits of transnational border and regional markets to include mainstreaming the informal trade into the national economy, reduction of the incidence of smuggling across borders, encouraging promotion of clusters of trade and services.
Mr. Akpan also stressed that the purpose of Trans-national border trade is to encourage and enhance the role of trade in regional integration, poverty alleviation, wealth creation and generation of employment in the border communities and source of revenue generation to government.
The Emir of Borgu, Niger state, Alhaji Sani Muhammed Dantoro, represented by the Waziri of Borgu, Alhaji Nuhu Saadu stated that the project will create wealth for his entire community, improve inter trade relationship with border communities.
Alhaji Dantoro assured the government of the emirate’s unflinching support for the realization of the project at Babaana in Borgu Emirate Council, Niger State.
The Emir prayed for God’s intervention in bringing lasting peace to the country.
Also speaking, the Assistant Comptroller-General of Immigration (ACG) Mrs. Caroline Adepoju emphasized the commitment of the Nigerian Immigration Service to ensure security within the service’s statutory roles and strengthen the prosperity by providing efficient and visa services to the people.
Mrs. Caroline Adepoju solicited for the support of the technical committee to provide the service with necessary facilities to ensure its role at the Trans-border markets.
The Trans-National Border market is a place where more than one nation trade their goods and services for mutual benefits of each country. The basic facilities expected to be in the border and regional markets among others include the following: warehouses, Banking, Insurance, Lock-up shops.
Others include Bureau de change, Hotels/Motels, Restaurants, Parking lots, Mechanic workshops, security posts, Customs/Immigration posts, petrol service station, Fire service station, medical Centre, Administrative block of the market among others.
It would be recalled that the Technical committee which was constituted in 2008 by the Ministry for the establishment of Trans National border and regional market in Nigeria identified visible markets for development in the Six Geo-Political zones and regional market in the South East Geo-political zone as follows: North-East, Gamboru Ngala transnational border market in Borno State,North-West market in Kamisa transnational border market, Kebbi State, North-Central,Babaana Transnational Border market, Niger State, South-West Okerete Transnational Border market in Shaki, Oyo State, South-South Mfun Transnational Border market in Cross River State and South-East Lokpanta regional market in Abia State.
The Blue print also identified the roles of the 3 tiers of Government for the success of the 6 (six) Transnational border and regional markets, while the Ministry is to provide the legal framework, enabling environment and administrative guidance for the projects.