Business

NQP’ll Position Nigeria Among 20 Industrialised Nations – Aganga

Published

11 years ago

March 23, 2015

The Minister of Industry,
Trade and Investment, Dr Olusegun Aganga, said the National Quality Policy (NQP) document would position Nigeria among the top 20 industrialised nations if implemented.
Aganga said this when the National Steering Committee (NSC) presented the final copy of the Nigerian National Quality Policy (NNQP) document to the minister in Abuja on Wednesday.
“This is a document by Nigerians for Nigerians for a common goal to reposition the country among the top 20 industrialised nations in the world over time,’’ he said.
The Tide source reports that the policy is aimed at establishing the appropriate framework for the development and publication of national standards.
The committee was inaugurated in January 2014 by the Federal Government to harmonise the quality policy of Nigeria and support the implementation of the Nigerian National Quality Policy.
The minister said that the document would be reviewed and sent to the Federal Executive Council for approval and subsequent legislation to facilitate its implementation in all its ramifications.
“Industrialisation is process and that journey, that train has started. We have started the process and must not allow the train to stop.
“It is the only way we can move from a poor nation to rich nation, from a nation that specialises on the importation of raw materials to a nation that exports processed products.
“No nation anywhere in the world has managed from being a poor to rich nation when it relied on exporting raw materials as we did yesterday and today without having strong industries,’’ he said.
The minister said that the more a nation specialised in exporting raw materials, the poorer it would become, adding, “it is what the industrial revolution plan seeks to reverse.’’
Aganga said that the NNQP was part of National Quality Infrastructure Project (NQIP) put in place to achieve quality products.
He said that the components of NQIP consist of national metrological institute, the national accreditation body, the private sector capacity development and consumer protection to complement NQP.
He said that the government was committed to actualising the implementation of the document in line with the goals and objectives of the transformation agenda of this administration.
He said that the policy document was foundation for safety regulatory framework to assist Nigeria achieve innovation, technology, industrialisation, quality services and quality lifestyles from NQP implementation.
The minister said that the various targeted sectors of the economy were captured in the document and its recommendations would be implemented.
Aganga said that the country had been promoting industrialisation through adding value to commodities, improve the competitiveness of made in Nigeria goods and services, diversifying economy and revenue sources.
He said that the NQP was an indispensable tool for the implementation of the new national trade policy and strategy to integrate Nigerian industrial trade and investment priorities.
He said that Nigerian products were yet to meet the international standards as a large number were rejected because they were not safe for consumption in Europe, America and Canada.
He said that the country had invested in time, money and people to develop quality infrastructure to ensure the country become economy Africa deserved.
He said that compilation of this document was government’s commitment to diversify the economy and improve the competitiveness of local industries, adding, “it is pre-requisite for increasing foreign earnings from non-oil related sector.’’
“The presentation of this document is another milestone in the implementation of Nigeria Industrial Revolution plan. It is a plan that seeks to diversify the economy and revenue sources of the country.
“The policy focuses on the areas where we have competitive and comparative advantage where Nigeria can be number one in Africa and the top 10 player globally. It looked across the value chain globally of each sector,’’ he said.
He said that the document was tied to national development programme of transformation agenda, industrial priorities of the steel ministry, the gas revolution of the Ministry of Petroleum and the integrated mass supply of Ministry of National Planning.
He said that the factors which would make the country competitive include access to affordable finances, infrastructures and power and industrial skills, linking innovations to industries and issue of standard.
He commended the committee, Standard Organisation of Nigeria (SON), EU and UNIDO for their support in different forms in making the document a success.

Business

Agency Gives Insight Into Its Inspection, Monitoring Operations

Published

2 weeks ago

January 12, 2026

The Tide

The Director, South South Zone National Agency for Food Drug Administration and Control (NAFDAC), Pharmacist Chujwuma P.Oligbu has said its thorough implementation of its core mandate of monitoring has no link with witch-hunting or fault finding as perceived at some quarters.

Oligbu, made this known when he spoke as as guest at the maiden Rivers state Supermarkets stakeholders’ Seminar/Workshop in Port Harcourt recently.

Rather, he said they were mere opportunities for education, correction and continuous improvement.

The Agency’s South South Boss, noted that Supermarket operators who maintain transparent records, cooperate during inspections, and promptly address identified gaps demonstrate professionalism and commitment to public health standard.

He listed the deserving essence of supermarket operation to include the key aspects of supermarket operation that deserves emphasis is product sourcing.

“Supermarkets must ensure that all regulated products stocked on their shelves are duly registered with NAFDAC and sourced from legitimate manufacturers or distributors”, he said .

According to him, the presence of unregistered, expired, counterfeit, or improper labelled products undermines consumer confidence and poses serious health risks.

He pointed out that such has the likelihood of exposeing supermarket operators to legal sanctions that could damage their reputation and financial stability.

The NAFDAC Operator, further enlightened the participants that mere registration of a particular product with the Federal agency do not guarantee absolute consumption safety.

“Temperature control, cleanliness, pest control, stock rotation, and proper shelving are not optional practice; they are essential components of compliance”, he said.

The South South zonal director also told the operators of supermarket that their employees rotine training on the basis of the product they display for sale is of utmost importance.

In her presentation a Breast Milk Nutrition Expert , Professor Alice Nte of University of Port Harcourt Teaching Hospital (UPTH), was against the body’s prime attention to breast milk substitute or baby milk in supermarkets as well as its advertisement or promotion.

Nye jerked up the importance of mothers breast milk to the newborn baby and added that it help in fighting against childhood diseases, infections and combating cancer in breastfeeding mothers.

Meanwhile, NAFDAC Deputy Director, South – South Zone , Mrs. Riter Chujwuma educated the participants on the guidelines for global listing, and the need to adhere strictly to rules guiding global listing to avoid confiscation of their imported products.

By: King Onunwor

Business

BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS

Published

2 weeks ago

January 12, 2026

The Tide

The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.

In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.

According to the data, more than 4.3 million new BVNs were issued within the one-year period, underscoring the growing adoption of biometric identification as a prerequisite for accessing financial services in Nigeria.

NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.

Analysts linked the growth largely to regulatory measures by the CBN, particularly the directive to restrict or freeze bank accounts without both a BVN and National Identification Number (NIN), which took effect from April 2024.

The policy compelled many customers to regularise their biometric records to retain access to banking services.

Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.

The programme has been widely regarded as a milestone in integrating the diaspora into Nigeria’s formal financial system.

A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.

However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.

The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.

Business

AFAN Unveils Plans To Boost Food Production In 2026

Published

3 weeks ago

January 9, 2026

The Tide

The leadership of the All Farmers Association of Nigeria (AFAN) has set the tone for the new year with a renewed focus on food security, unity and long-term growth of the agricultural sector.

The association announced that its General Assembly of Farmers Congress will take place from January 15 to 17, 2026 at the Abuja Chamber of Commerce and Industries, along Lugbe Airport Road, in the Federal Capital Territory.

The gathering is expected to bring together farmers, policymakers, investors and development partners to shape a fresh direction for Nigerian agriculture.

In a New Year address to members and stakeholders, AFAN president, Dr Farouk Rabiu Mudi, said the congress would provide a strategic forum for reviewing past challenges and outlining practical solutions for the future.

He explained that the event would serve as a rallying point for innovation, collaboration and economic renewal within the sector.

Mudi commended farmers across the country for their determination and hard work, despite years of insecurity, climate-related pressures and economic uncertainty.

According to him, their resilience has kept food production alive and positioned agriculture as a stabilising force in the national economy.

He noted that AFAN intends to build on this strength by resetting agribusiness operations to improve productivity and sustainability.

The AFAN leader appealed to government institutions, private investors and development organisations to deepen their engagement with the association.

He stressed the need for collective action to confront persistent issues such as insecurity in farming communities, climate impacts and market instability.

He also urged members to put aside internal disputes and personal interests, encouraging cooperation and shared responsibility in pursuit of national development.

Mudi outlined key priorities that include increasing food output, expanding support for farmers at the grassroots and strengthening local manufacturing through partnerships with both domestic and international investors adding that reducing dependence on imports remains critical to protecting the economy and creating jobs.

He stated that the upcoming congress will feature the launch of AFAN’s twenty-five-year agricultural mechanisation roadmap, alongside the announcement of new partnerships designed to accelerate growth across the value chain.

Participants, he said wi also have opportunities for networking and knowledge exchange aimed at transforming agriculture into a more competitive and technology-driven sector.

As part of its modernisation drive, AFAN is further encouraging members nationwide to enrol for the newly introduced Digital ID Card.

Mudi said the initiative will improve transparency, ensure proper farmer identification and make it easier to access support programmes and services.

Reaffirming the association’s long-term goal, he said the vision of national food sufficiency by 2030 remains achievable if unity and collaboration are sustained.

He expressed optimism that with collective effort, Nigeria’s agricultural sector can overcome its challenges and deliver a more secure and prosperous future.

Lady Usendi