Connect with us

Business

Stakeholders Task NIPOST On Marketing Of Products

Published

on

Telecom stakeholders have urged the Nigerian Postal Service (NIPOST) to come up with innovative ways to market its products.
They also urged the Federal Government to mandate Ministries, Agencies and Parastatals (MDAs) to utilise the facilities of the NIPOST to make it more viable.
The stakeholders made the call in separate interviews with newsmen in Abuja as Nigeria joins the world to celebrate the World Post Day on Oct. 9.
Mr Smart Tweador, who is the Chief Executive of Smart Connects, a telecom company, said it was expedient for government agencies to patronage NIPOST as it was planning to reform the organisation.
“The coming on stream of GSM has actually affected the functions of NIPOST since many people hardly write letters anymore.
“People make calls and send text messages instead of writing lengthy letters so NIPOST has got to come up with innovative ways to market their products.
“Beside that, you find out that the courier services are more efficient; aside from that transportation companies are now able to carry letters and those are fast means of getting your letters across.
“All you need to do is to call the person on phone and say go to a certain place and collect a letter, so with all other avenues to get across a letter, you find the fortunes of NIPOST has really been affected.
“Therefore, the onus is now on government to compel its agencies and officials to use NIPOST to transmit official letters; it should also make use of its EMS services and you will see this will rob off on the staff,’’ he said.
Tweador said that the only way to keep the organisation afloat was through patronage and urged the organisation to brace up to meet the current challenges in a competitive society.
Mrs Caroline Ojo, a civil servant called on the organisation to look beyond posting of letters and use its spread in the 774 local governments across the nation to utilise its EMS services to improve its revenue generation effort.
“NIPOST must be proactive and creative, it must make use of its facilities in the nooks and crannies of the country to beat competition.
“Apart from this, it can use the vehicles at the disposal of the organisation to bridge the gap between villages and cities in the transportation of farm produce.
“There are many possibilities for the organisation, also linking up with small scale businesses and get their patronage, these are areas that the other courier companies will not go to,’’ Ojo said.
Ojo however called for attitudinal change and work ethics by the staff of the organisation to move it forward and called on government to review the salary of staff to make them more committed to work.
The Tide source reports that about 150 countries take part in celebrating the World Post Day every year.
Some countries use the commemoration to promote their new postal services or products and reward their employees for good services.
Some other countries also organise philatelic (stamps) exhibitions and issue new stamps.
Other events usually lined up for the occasion include displaying posters on World Post Day in post offices as well as public places.
Public conferences, seminars and workshops including cultural, sport, and recreational activities are also part of the celebration.
The theme for the year’s celebration is: “Transform to remain an enabler of inclusiveness development and an essential component of the global economy’’.
The Tide reports that the Universal Postal Union (UPU), the world body of postal agencies was established in 1874 in Bern, Switzerland and its anniversary is celebrated on Oct. 9 , every year.
The anniversary of the UPU was declared as the World Post Day by the Universal Postal Union Congress in Tokyo, Japan in 1969.
On Jan. 1, 1985, NIPOST was established from the postal division of the Post and Telecommunications Department.

Continue Reading

Business

Minister Inspects Nigeria/Benin Republic-owned Sugar Firm … Decries Decrepit Condition

Published

on

Nigeria’s Minister of State, Industry, Federal Ministry of Industry Trade and Investment, John Owan Enoh, has inspected the Savé Sugar Company, a joint venture between Nigeria and Benin Republic, decrying the current decrepit condition of the facilities.
Inspecting the once thriving company located in Cotonou, Benin Republic recently, the Minister expressed  appreciation for the extra security measures put in place by the government of Benin Republic to secure the Savé Sugar Company which was  Established in 1975.
Special adviser to the Minister on Media, Diana Tiku Nsan, said on arrival in Cotonou,  Sen. Enoh paid a courtesy visit on his Benin counterpart, Minister He noted that during the ship’s port calls, the team engaged with the Indian diaspora worldwide.
Approximately 200 individuals received medical attention from the naval health team during the camp, and beneficiaries were also given free medications.of Commerce and Industry, Benin Republic, Shadiya Alimatou Assouman, where a meeting with both ministers resonated with shared concerns and aspirations of both countries.
Assouman said, “this visit marks a historic moment. Since the inception of the company, no Nigerian minister has visited the facility.
“Your bold step signifies a commitment not only to the sugar complex but also to the bilateral relations between our nations”.
The Minister, who proceeded on an on-site  inspection of the facility, observed that the company has experienced changing fortunes and now lies almost decrepit with the last managers, Compliant of China, having vacated in May 2023, at the expiration of a 20-year lease agreement.
After the assessment, the Minister said, “various meetings at both technical and policy levels have continued to be held, but an action is needed.
“This visit is an eye opener, and more than anything else, we seek its revival. The two countries, as a matter of urgency, need to get a worthy core investor within the shortest possible time.
“This is not just about sugar; it is about livelihoods, partnerships, and the shared future of our nations.
“However, where that is not feasible, the recommendation of the 2021 joint assessment report which submits to the selling of our equity in the company will be brought to the table for possible consideration. Action starts today”.
Nsan also said “the deteriorating situation with the Savé Sugar Company Ltd predates the exit of the Chinese. A joint assessment visitation in 2021 was quite damning and recommended that Nigeria sell its equity holding in the company.
“This was declined by the Buhari administration, which instead preferred that upon expiration of the lease agreement with Compliant of China, the two governments competitively source for new core investors.
Continue Reading

Business

NGA Becomes Official Partner To 29th Gas Conference … As President Set To Address 2025 World Summit

Published

on

The Nigerian Gas Association (NGA) has been officially announced as an “Association Partner” for the 29th World Gas Conference (WGC) 2025, which will take place from May 19 to 23 in Beijing, China.
The WGC 2025 is organised by the International Gas Union (IGU) and hosted in 3-year intervals.
It is the largest and most influential event in the global gas industry bringing together thousands of industry leaders, policymakers, gas executives, specialists, and exhibitors.
The event serves as a critical platform for discussing the future of the gas sector, showcasing innovations, and facilitating high-level collaborations among key stakeholders.
President of the NGA, Akachukwu Nwokedi, will join global energy and gas leaders who will headline the event as speakers.
The conference, billed to focus on the theme, “Energising a Sustainable Future”, is projected to have over 30,000 participants from 70 countries, including 600 companies, 300 exhibitors, and 400 expert speakers.
Nwokedi will emphasise Nigeria’s critical role as a major global natural gas market player.
With over 200 trillion cubic feet of proven gas reserves, Nigeria is Africa’s largest resource proprietor and one of the top ten globally.
Nwokedi will detail Nigeria’s initiatives aimed at exploiting these vast reserves to drive domestic economic growth, secure energy supply, and contribute to international sustainability goals.
Reflecting on the upcoming event, Nwokedi said, “We are proud to have the NGA support the WGC 2025 as an Association Partner.
“The World Gas Conference is a key forum for sharing knowledge and driving meaningful dialogue on the future of natural gas, particularly as the world grapples with the need for a balanced energy transition. Nigeria has a wealth of natural gas resources that, if appropriately harnessed, can position us as a leader in global energy markets.
“The WGC will be a veritable platform for sharing updates on recent industry initiatives, which aims to showcase Nigeria as a destination for gas investments, boost the country’s domestic economic growth and the role of gas in Nigeria’s decarbonisation efforts.
“I am honoured to have been invited to speak as the leader of Africa’s leading gas advocacy group to expound on Africa’s plans to harness untapped natural gas reserves in providing energy security for its 600+ million undeserved population, and how Nigeria is at the forefront of this energy revolution.
“This is important because we understand that maximising the potential of these resources will require strategic investments in infrastructure, policy reforms, and a commitment to cleaner energy solutions”.
With more than 90 years of history, the WGC has consistently provided a platform for discussing the evolving role of natural gas in the global energy mix.
The NGA invites its members and other natural gas value chain players to participate prominently through sponsorship and inclusion in the Nigerian Pavilion at the conference in China.
As Nigeria’s largest gas advocacy body, the NGA remains steadfast in its mission to promote natural gas as a critical component of Nigeria’s energy future and advocate for policies that support its sustainable development.
Through partnerships with global organisations and platforms like the WGC, NGA aims to ensure that Nigeria maintains its position as a leading player in the energy sector.
Continue Reading

Business

Dangote Refinery Affecting European Oarkets – OPEC

Published

on

The Organisation of Petroleum Exporting Countries (OPEC) has said Dangote Refinery is affecting European markets, as importation of petroleum products in Nigerian had dropped.
A report by OPEC, midweek, noted that in the last quarter of 2024, “imports also declined, particularly oil product imports, improving the outlook for the external sector”.
In September 2024, Dangote Refinery, a $20 billion project, spearheaded by billionaire Aliko Dangote, officially begun petrol production, marking a significant milestone in Nigeria’s energy sector.
Announcing the feat, Dangote said: “This refinery will fuel growth, development, and prosperity by supplying energy to our people”.
Accordingly to data OPEC got, the average daily crude production in Nigeria hit 1.507 million barrels in December.
The OPEC report noted that the Dangote Refinery, at 650,000 barrels per day, bpd capacity, is 246,00bpd more than Shell’s Pernis refinery in the Netherlands. Also, BP Rotterdam in the Netherlands has 380,000 bpd capacity.
“The ongoing operational ramp-up efforts at Nigeria’s new Dangote refinery and its gasoline (petrol) exports to the international market will likely weigh further on the European gasoline market.
“Continued gasoline production in Nigeria, a country that has relied heavily on imports to meet its domestic fuel needs in the past, will most likely continue to free up gasoline volumes in international markets, which will call for new destinations and flow adjustments for the extra volumes going forward”, OPEC stated.
Continue Reading

Trending