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Creating Jobs Via Resuscitation Of Moribund Industries

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The production tank belonging to Nigeria Agip Oil Company (NAOC) in Ebocha Community, Ogba/Egbema/Ndoni Local Government Area of Rivers State.

The production tank belonging to Nigeria Agip Oil Company (NAOC) in Ebocha Community, Ogba/Egbema/Ndoni Local Government Area of Rivers State.

Unarguably, unemploy
ment has reached alarming proportions in the country, especially among graduates of tertiary institutions.
This is partly because the Nigerian economy cannot absorb the growing number of graduates produced annually by the nation’s tertiary institutions.
Compounding the problem, tertiary institutions produce more graduates in the humanities and social sciences as a result their failure to adhere to the national admission policy, which prescribes 60:40 ratio in favour of the sciences.
The areas of specialisation of the graduates notwithstanding, experts insist that sustainable employment can be created via the manufacturing sector.
They are of the view that if state governments can revitalise the moribund industries in their states, this will reduce the unemployment rate, while boosting their internally generated revenue as well.
Several moribund industries, which were unfortunately blue-chip industries of yesteryears, now dot many parts of the country.
Concerned stakeholders, therefore, acclaim the recent pronouncement of Gov. Okezie Ikpeazu of Abia to resuscitate the Golden Guinea Breweries in Umuahia.
Mr Bonnie Iwuoha, the Commissioner for Information and Strategy, broke the cheery news about the state government’s plans to reopen the brewery when he addressed journalists recently in Umuahia.
In addition to Golden Guinea, the commissioner said that the International Glass Industry in Aba would also bounce back to life.
Golden Guinea was established in 1960 by the administration of Dr Michael Okpara, the then Premier of the defunct Eastern Region, and incorporated two years later.
It became an economic epicentre and financial livewire, not only for the people of the then Eastern Region, but also for natives of Umuahia who enjoyed the socio-economic benevolence it offered through its social responsibility programmes.
In fact, the products of Golden Guinea Breweries like Golden Guinea lager, Eagle Stout and Bergdorf lager received appreciable patronage from 1960 to 2005 when it was eventually shut.
Concerned stakeholders, nonetheless, urge Ikpeazu to refrain from making empty promises like his predecessor, Chief T.A. Orji, who promised to revive the company.
Indeed, Orji in 2012 inaugurated a committee to look into ways of reviving the 54-year-old company.
He vowed to revive the brewery before leaving office, a pledge he failed to fulfil.
On the other hand, the International Glass Industry (IGI), Aba, also owned by the Abia Government, was leased to the Churchgate Group and it is showing signs of improvement.
IGI’s General Manager, Mr Kelechi Onuiri, said recently in Aba that the company had resumed the production of glass products.
He said that the factory, which started production late in March, produced and supplied more than 740,278 pharmaceutical bottles within two weeks of its resumption.
He said that the factory was currently servicing the needs of pharmaceutical industries outside the state.
Onuiri said that the company had employed more than 500 workers since its resumption to ensure full circle production.
“Right now, we have many people working here; we have employed more than 500 workers. Of course, we will take more people if need be,” he said.
However, the story is somewhat different with regard to the Modern Ceramic Industries in Umuahia.
After years of inactivity, the company was handed over to UCL Consortium, promoted by the Catholic Diocese of Umuahia.
Regrettably, the company’s handover could not bring it back to life.
Mr Uwakwe Nwachukwu, an economist, recalled that the Golden Guinness Breweries was one of the most successful breweries in Nigeria until it became moribund, adding: “Its collapse was mainly due to bad or inefficient management.’’
He said that board and management appointments were not based on knowledge and expertise, but purely on political considerations.
“More often than not, round pegs were put in square holes. Consequently, the brewery, which hitherto employed many hands and created considerable wealth, died,’’ he said.
Nwachukwu, who once worked in Golden Guinea as a casual employee for a fleeting period, said that the idea of revitalising or re-building the factory was, indeed, a welcome development.
According to him, a lot of benefits will accrue to the state and the people if the factory is revived.
“Other ancillary jobs or businesses will spring up within the factory environment and this will also reduce the number of unemployed persons in our society.
“In a time like this when unemployment in Nigeria has become a key challenge, the factory will add a lot value to the economy of Abia and the Nigerian economy as a whole.
“Furthermore, it will be quite plausible if the government could give consideration to the revitalisation of the Modern Ceramics Company, Umuahia.
“The ceramics company has good prospects for jobs as well as wealth creation for the government and the people,’’ he added.
Nwachukwu urged Ikpeazu not to relent in his efforts to bring back the “dead factories’’ back to life.
He urged him to borrow a leaf from the Rivers Government which successfully resuscitated Pabod Breweries.
“Rivers is one example; the once moribund Pabod Breweries was rebuilt by the last administration in the state.
“Today, Pabod Breweries engages many hands and it is the proud producer of Grand Beer and the now fancied or popular malt drink, Grand Malt.
“This can be replicated by the Abia Government, using the Golden Guinea Breweries and the Modern Ceramics Company in Umuahia as the platform,’’ he said.
In the same vein, Prof Aloysius Okolie of the Department of Political Science, University of Nigeria, Nsukka, urged state governors in the South East geopolitical zone to revive the collapsed industries in their states in order to create more jobs.
He said that the revival of the industries would create more employment opportunities for millions of jobless youths, while generating additional revenue for the states.
“Revitalising of these industries will be a means of diversifying the economy of the states, especially now when the country is experiencing economic melt-down,’’ he added.
There has been a drastic decline in allocations from the Federation Account to states and local governments as result of a sharp decline in crude oil prices in the international market.
“Some states and local governments in the country now find it difficult to pay their workers’ monthly salaries because of this drop in federal allocations,’’ Okolie said.
He, therefore, commended Gov. Ikpeazu’s move to revive Golden Guinea Breweries in Umuahia, describing it as a welcome development.
He, however, suggested that the state government should not own 100 per cent equity shares in the brewery.
“Government should have at most 30 per cent equity shares so as to allow the management of the brewery to be in the hands of private people who are expert in managing such companies.
“Government should also carry along the host community in order to protect equipment and facilities in that brewery,’’ he added.
Okolie said that pragmatic efforts should be made to revive industries like the cashew industry in Enugu, the ceramics industry in Umuahia, among others, which had become moribund.
“The industrial sector is a critical sector of any economy; it helps a country not to depend completely on foreign products.
“Nigeria is a dumping ground for foreign goods today because of the years of neglect which led to the collapse of many industries.
“Other governors in South East should emulate the Abia governor’s good example of reviving the popular Golden Guinea Brewery Umuahia, in efforts to improve the economy of their states and reducing unemployment,’’ he said.
Analysts underscore the need  for the federal, state and local governments to resuscitate all the moribund industries in their domains.
“This because industries provide employment opportunities for the youth, particularly graduates of engineering and physical sciences,’’ some of the analysts say.
Obike Ukoh is of the  News Agency of Nigeria (NAN)

 

Obike Ukoh

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SMEs Dev: Firms Launch N100m Loan Scheme 

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The Coalition of Microlending and Cooperative Institutions in Nigeria (COMCIN), the umbrella body of non-bank microfinance institutions and cooperative societies in Nigeria, in partnership with NEAT Microcredit, has unveiled a N100 million joint loan facility aimed at supporting small and medium-scale enterprises (SMEs) across the country.

The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.

The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA),  said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.

Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.

“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.

He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.

According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.

“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.

Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.

He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.

“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.

He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.

“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.

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Yenagoa’s Radisson Hotel Ready  December   — NCDMB, Other 

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The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has expressed confidence that the five-star Radisson Hotel and Conference Centre, Yenagoa, Bayelsa State, would be completed and commissioned this December .
He said this while addressing visiting top executives of Edison Corporation  and Megastar Technical and construction company at the conclusion of a one-day project management tour and workshop at the headquarters of the Nigerian Content Tower (NCT), Yenagoa, weekend.
The Board in a statement from the Directorate of Corporate Communications said  all other stakeholder assured of the delivery of world-class services in the hotel upon it’s completion.
Ogbe described the hospitality facility as a top priority project of the Board whose progress he would be following up every day and week.
“This project is critical to the Board, critical to Yenagoa, Bayelsa State and Nigeria. With this hotel becoming functional at the end of the year, I believe there will be tourism in Bayelsa State, and that’s one of my dreams.
“When I took up this job as Executive Secretary in December 2024 I said I must make this hotel work”, the NCDMB boss said.
He commended the team from Edison Corporation and the project contractor, Megastar Technical and Construction Company, for the quality and pace of work, adding “much is required from the Management to meet up the schedule delivery
“Most of the critical aspects of the project have been resolved in terms of mark-up room, scope of work in terms of financing and contracting strategies”
The Board’s  Scribe said he was sure all hands would be on deck to ensure that work proceeds unhampered.
In his remarks, the Chief Executive Officer of Edison Corporation, Mr. Vivian Reddy, said the team from Edison Hotel Group was very excited to come into a contractual arrangement with NCDMB, assuring the project will put the city on the world map.
“What is so important with the group Radisson International is that, if anyone around the world looks for Radisson Yenagoa, they will see this place pop up, and it’s going to help to uplift the area in terms of visitors and tourism.
“Our role is to make sure we deliver a world-class quality hotel from start to finish. We will open the hotel, we’ll furnish it. We’re working with the main contractor to make sure the facility meets world-class standards”, he said.
Speaking on the sealing of the contractual deal with the NCDMB, he noted it took great efforts, saying “getting Radisson in the agreement was not easy, and it took several months and cumulative one and a half years of discussions and documentation”.
The Edison boss, who is reputed to be the first South African businessman to lead a high-level business delegation from that country to Nigeria during the tenure of President Thabo Mbeki in 1999, was full of commendation for the NCDMB boss, describing him as “a great and visionary leader”.
“The vision and dream of the Executive Secretary of the NCDMB are going to become a reality.  We’re going to help him and make it a reality and it’s going to be the best hotel in this region”, the   boss noted.
Mr Reddy also commended the project contractors and professional teams involved, stating that his team has every confidence in their technical competence.
By: Ariwera Ibibo-Howells, Yenagoa
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RIRS Sets Tomorrow As Deadline For Individual Tax Returns Filing    

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The Rivers State Internal Revenue Service (RIRS) has set tomorrow as the deadline for the filing of  all  Annual Individual Income Tax Returns  for all taxable residents of the state.
This was contained in a public notice  by the Service to the taxable residents of the state in compliance with statutory provisions.
The notice was signed by the Executive Chairman of the agency, Sir Israel O. Egbunefu, and made available to the public in Port Harcourt recently.
 Egbunefu stated that the directive was in line with the provisions of the Nigeria Tax Administration Act 2025, which mandates individuals to declare their income for the preceding year of assessment.
 According to the notice, the obligation covers all categories of income earners, including employees in both the public and private sectors, self-employed individuals, business owners, and professionals operating within the state.
The agency reiterated that the timely filing of tax returns remains critical to promoting transparency, accountability and efficient tax administration in Rivers State.
 It further noted that compliance with tax obligations plays a vital role in enabling the government to meet its developmental goals and provide essential public services.
 RIRS urged all eligible taxpayers to ensure that their 2025 tax returns are properly completed and submitted through its approved channels before the stipulated deadline .
The Service warned that failure to comply with the directive may attract penalties and other sanctions as prescribed by relevant tax laws.
 It also stated its commitment to enforcing compliance while maintaining a taxpayer-friendly approach in its operations.
 Taxpayers requiring assistance were advised to visit any RIRS office or access its official platforms for guidance on the filing process.
The agency assured residents of continuous support, including professional advisory services, to facilitate a seamless and stress-free compliance experience.
 The notice forms part of ongoing efforts by the Rivers State Government to strengthen revenue generation and enhance voluntary tax compliance across the state.
 Residents are therefore encouraged to take advantage of the available support systems and meet the deadline to avoid unnecessary penalties.
By:  King Onunwor
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