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Recession: Group Tasks Entrepreneurs On Solution

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9 years ago

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Founder of the Nigerian
Entrepreneurship Summit and Honours (NESH), Mr Emeka Ugwu-Oju, has called on entrepreneurs to develop strategies that would lead the country out of the current economic recession.
Ugwu-Oju made the call at a news conference in Lagos on Wednesday on the group’s forthcoming maiden summit tagged, “Nigerian Entrepreneurship Summit and Honours.
He said the recession should not be seen as a hindrance but rather as a spur to bring out the best in entrepreneurs.
According to him, entrepreneurs should ensure their products and services could compete favourably with other nation’s at the international market.
He said the summit to be held from November 16 to November 17 would address the state of the Nigeria economy from January 2016 to date and its impact on entrepreneurs.
Ugwu-Oju said the summit would feature plenary session, roundtable, presentation of 10 key projects initiated by Nigerian entrepreneurs, inaugural lecture and honours for outstanding entrepreneurs of the year, among others.
He said the objective of the discussion was to ascertain government policies that had worked as planned and those that had failed and needed to be discarded.
He said NESH would be an annual event to provide thought leadership and engagement, knowledge exchange, networking, benchmarking and appreciation of the contribution of entrepreneurs to national development.
Ugwu-Oju said, “It is fortuitous that NESH will be commencing when Nigeria is in an economic recession. NESH as a platform will be in the vanguard to mobilising Nigerian entrepreneurs to lead the country out of the current recession.  NESH will also be in the forefront of promoting the patronage of made in Nigeria goods and services by the governments and people of Nigeria.
”This will be on the condition that the goods and services will be made in Nigeria for the world and not for Nigerians alone.”
A partner of the group, Mr Peter Bankole said the summit would afford Nigerian entrepreneurs the opportunity to suggest those to be nominated as ‘Entrepreneurs of the Year.’
Bankole, Director, Enterprise Development Centre, said the organisation would provide at least five year data on some of the young entrepreneurs operating in Nigeria.
The Tide source reports that late M.K.O Abiola, late Alhaji Alhassan Dantata, Late Alhaji Wahab Folawiyo, and Late Mr Micheal Ibru would be honoured posthumously as outstanding entrepreneurs in their various fields.
Others are Late Mrs Bisoye Tejuosho, Late Mr Henry Fajemirokun, Mr Biodun Shobanjo, Mr Rasak Okoya, Mr Subomi Balogun amongst others.

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NPA Assures On Staff Welfare 

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1 week ago

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June 27, 2025

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The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has said the management will continue to accompany its port infrastructure  and equipment  modernization drive  with the development of the welfare of its personnel.
Dantsoho made the disclosure recently while responding to the commendation by the Maritime Workers Union (MWUN) and the senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASGOC) on the  clearing  of the age-long problem of employee stagnation, when the union paid him a courtesy visit at the Authority’s headquarters in Lagos.
A Statement by NPA’s General Manager Corporate & Strategic Communications, Mr. Ikechukwu Onyemekara, quoted Dantsoho as saying,  “our Port infrastructure and equipment modernization drive will go hand-in-hand with continuous staff welfare improvement”.
The NPA MD disclosed that human capital development constitutes the key strategy for creating and sustaining superior performance under his watch, adding that “talent development constitutes a critical success factor for the actualization of the big hairy audacious goals we have set for ourselves especially in the area of Port competitiveness.
“The only way we can meet and indeed exceed stakeholders’ expectations is to deepen the competencies of our human resources assets and boosting their morale.”
Speaking further, Dantsoho commended the Honourable Minister of Marine & Blue Economy, Adegboyega Oyetola, for approving the strategic proposal of the Dantsoho-led Management team that solved the over a decade-long problem of lack of promotion that had fuelled industrial disharmony.
“I must specially appreciate our amiable Minister for graciously approving the multi-pronged stratagem we deployed that cleared all outstanding cases of employee stagnation by conducting examinations in one fell swoop and instituted timelines to forestall a recurrence of such anomaly”, he sad.
Speaking on behalf of the joint maritime labour unions, the President  of Senior Staff Association of Statutory Corporations & Government-Owned Companies (SSASCGOC), Comrade Bodunde stated, “In addition to clearance of the backlog of stagnated promotions, we also wish to express our appreciation for the increase in productivity bonuses, provision of end-of-year welfare packages for staff, and the revision of the Financial Guide to the Condition of Service, which now addresses our members’ concerns about inflationary pressures.”
Nkpemenyie Mcdominic, Lagos
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ANLCA Chieftain Emerges FELCBA’s VP

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1 week ago

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June 27, 2025

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National Secretary of the Association of Nigerian Licensed Customs Agents (ANLCA), Elder Olumide Fakanlu, has been elected Vice President of the Federation of ECOWAS Licensed Customs Brokers Association (FELCBA).
The election took place during the FELCBA Congress, held from Tuesday, June 17th to Thursday, June 19th, 2025, in Freetown, Sierra Leone.
Fakanlu’s emergence as Vice President marks a significant achievement for Nigeria within the regional customs brokerage community.
Apart from Fakanlu, Secretary of the Seme Chapter of ANLCA, Austin Nwosu, was also elected, securing the role of Secretary of Relations with Institutions.
The Nigerian delegation played an active role in the congress, with Michael Ebeatu nominated as a member of the electoral officer team, ensuring a fair and transparent election process.
The three-day congress concluded with delegates undertaking a visit to the Sierra Leone Port, offering insights into the host nation’s maritime operations, followed by a recreational trip to the Tokeh Beach.
The newly elected executives are expected to lead FELCBA in its efforts to harmonize customs brokerage practices, promote trade facilitation, and advocate for the interests of licensed customs brokers across the ECOWAS sub-region.
Nkpemenyie Mcdominic, Lagos
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NSC, Police Boost Partnership On Port Enforcement 

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1 week ago

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June 27, 2025

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In a bid to enhance more enforcement in the nation’s Port, the Nigerian Shippers’ Council (NSC) has reaffirmed its commitment to stronger inter-agency collaboration with the Nigeria Police Force (NPF).
The Council said the collaboration is aimed at enhancing stronger enforcement, compliance and improve operational efficiency across Nigeria’s ports.
Executive Secretary/Chief Executive Officer of  NSC, Dr. Pius Akutah, made this known during a visit to the  Inspector-General of Police, Dr. Kayode Adeolu Egbetokun, at the Force Headquarters, Abuja.
The visit, which he said, focused on strengthening institutional synergy, comes in the wake of growing responsibilities for the NSC under the newly created Ministry of Marine and Blue Economy.
Akutah emphasized the critical role of security agencies in supporting port operations and ensuring regulatory compliance.
He called for the posting of police officers to assist the Council’s monitoring and enforcement teams at key port locations including Lagos, Warri, Onne, Port Harcourt, and Calabar.
“The posting will complement the activities of our revived task teams and enhance our ability to enforce standards across the maritime logistics chain”, he said.
Earlier, the Inspector-General of Police, Dr. Egbetokun, assured the Council of the Force’s readiness to continue supporting the growth of the maritime sector.
The IGP acknowledged that compliance enforcement is essential to the successful implementation of Nigeria’s Blue Economy objectives.
“The NSC and NPF are expected to deepen collaboration in the months ahead, with a shared focus on building a secure, efficient, and competitive port environment”, to the IGP emphasized.
Chinedu Wosu
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