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FG Recommits To Industrial Sector Dev

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The Federal Government has restated its commitment to fully implementing  workable  policies and programmes  to  provide required skills and competencies for the development of  the industrial sector.
The Minister of Industry, Trade and Investment, Dr Okechukwu Enelama re-affirmed government’s commitment at the just conduced 23rd Nigeria Economic Summit in Abuja.
Enelama ,who was one of the  discussants on the topic;  “Skills, Competences and Capacity That The Industries Need to Move Forward’’, said  government was  also  ready to  solve the issues  of unemployment through  the development  of right skills and competencies.
“I agree with you, government is ready to solve the issues of unemployment and improve the productivity of the people, this problem is too important to just talk about it, government is ready.
“If we are not ready, you must insist that we are ready, we don’t actually have a choice, we have a responsibility to the people.’’
He said that real challenge was the issue of partnership with the relevant organisations required to help bridge the skills gap in  the industrial sector.
“I think the real challenge is the challenge of partnership, its the challenge of collaboration, it is the challenge of putting together in a way that we get result, is the challenge of humility to some degree.
“Because, even if we consider an idea, let us get on with it and see if it works, because  I am totally ready to try all ideas that are  productive  and progressive because the  problem we are dealing with is extremely important to solve.’’
He said that government was focusing on creating the enabling environment  for businesses to thrive, adding that there was the need to fight corruption.
“One of the major things to stop is corruption, because it is what makes the economy not work, and the other thing is to create stability, which is the whole key for business to thrive and for our people to do well.
“We have taken that view as a ministry to focus on creating enabling environment, and the government has prioritised that by creating an executive order for business to thrive.
“That is our number one priority, while we have launched it, we are challenging the Ministries, Departments and Agencies (MDAs) and the private sector to enable it work.’’
The minister said that government had also launched an industrial council designed to ensure that MDAs and the private sector work together to deal with the most stubborn problems hindering industrial growth in the country.
He said that members of the industrial council were also working on how best to develop infrastructure and policies for skills development.
Other mandate of the council according to him was to also evolve workable measures of deepening internal and external trade and finance.
Mr Rotimi Balogun of the General Electric said it was absolutely necessary to develop technical, vocational and critical thinking skills to solve complex problem in the country.
“If we are graduating engineers, the kind of skills they come out with is quite different from the skills needed in the future.
”The kind of skills they need is digital skills that will make them get employment to companies like General Electric.
”In terms of entrepreneurial skills, It is important that we create the type of skills that will ensure a local supply chain in the industrial sector.
He said it was very necessary to also have standardised curriculum in our educational sector.
“It is important to also teach people  not just how you can use money to start business, but  you can teach business through stimulation,  virtual process, how you can train people through online platforms to make sure that you improve their entrepreneurial skills.’’
The Chief Executive Officer of Siemens Nigeria, Mrs Onyeche Tifase said it was necessary to collaborate with other technological driven nations to develop the right skills required for industrialisation.
“What is key is collaboration, how the British and the Chinese got to where they are, it is through collaboration.
”The bold skill everyone has to have is digital awareness, irrespective of your profession and it is important all government agencies become digitised.
“”If you are engaging with a private counterpart and he is already digitised and you are not, it is very difficult to collaborate.’’
She said that Siemens had begun training for school children to equip them with skills required for technological advancement.
”The training entailed teaching the children how to create solution from very simple tools and devices to create  answers  for technology across health care environment and power sectors.
”So you see, where a small child is creating a  turbine from a very simple battery and understanding how mechanical energy works., this is what we want to see roll over the country.
”Beyond secondary level, we are also looking at vocational training programmes that have to do with heory and practical and that are how we can cause reduction in unemployment.
”For us to create more of those skills, we need to have industries that will absolve these skills, so that the trainees can innovate and replicate the skills.
”We have a training centre where we are training about 14,000 graduates every year and the programme runs for three and half years.
”The training involves the skills of the future,  like coding,  digitisation, machine to machine learning and  the students they have projects where they  have built their own device,’’ she said.

She advised government at all levels to develop infrastructure more and  industrialise to encourage the inflow of skills development  into country.

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PENGASSAN Tasks Multinationals On Workers’ Salary Increase 

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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked companies in the oil and gas sector to undertake urgent review of salaries of their workers in view of the prevailing harsh economic conditions in the country.
Also, the pensioners of Chevron Nigeria, under the aegis PenCoN, have lauded the President of PENGASSAN, Comrade Festus Osifo and his executive on their unrelenting efforts toward addressing pension abnormalities faced by retired workers in the oil and gas industry.
The association also appealed to the federal government to take necessary measures to check banditry and terrorist activities in parts of the country.
PENGASSAN President, Osifo who addressed journalists shortly after the National Executive Council meeting of the association in Abuja, at the weekend, said that though a lot of success has been recorded in negotiating salary reviews for its members, there are still organisations that have failed to lift their workers from the present harsh economic situation.
He said within this period, PENGASSAN has signed numerous Collective Bargaining Agreements (CBAs) which has brought smiles to the faces of its teeming members.
“This is because we recognise that our job, literally, is how to protect the job of our members, and how to enhance their pay,” he said.
Osifo said that operators in the oil and gas sectors always go for the best qualified professionals to carry out their operations.
“So, the same way they recruit the best, we also challenge them to provide the best condition of service and provide the best remuneration.
“Yes, today, a lot of companies will have achieved successes, but there are still few that we are still discussing at their CBAs, that we are not yet there.
“We still use this opportunity to call on these companies that are still foot dragging, that are still holding back, even with the massive devaluation that has occurred in our country, that still don’t want to fix the remuneration of our members.
“We are calling on them to do the needful, because for us in PENGASSAN we will push without holding back. We will push, using everything in our arsenal, to ensure that the needful is done,” he said.
Osifo spoke of the dispute with the Dangote Refinery group, saying there are still pending issues to be resolved.
“Gentlemen of the press, during the networking session, we also looked at the issues that are plaguing some of our branches, and you know that recently, we had some challenges in Dangote Refinery and PetroChemicals Ltd.
“And within this period, since our last National Industrial Action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues.
“Yes, the NEC decided that, yes, let us still consummate that process by pushing those issues, by engaging in dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved,” he said.
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SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

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The Securities and Exchange Commission (SEC) has launched the Regulatory Hub, a new centralized digital platform designed to streamline collaboration, strengthen oversight, and improve transparency across Nigeria’s financial and capital market ecosystem.
The Commission disclosed this in a statement posted on its website.
According to the commission, the platform connects key regulatory and security institutions including the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), Federal Inland Revenue Service (FIRS), and Corporate Affairs Commission (CAC), enabling them to exchange information securely and in real time.
The launch of this regulatory hub comes ahead of the implementation of new tax laws in January 2026, with agencies such as the FIRS spreading its tentacles across sector to monitor compliance.
According to the SEC Director-General, Emomotimi Agama, the launch marks a significant step toward modernizing Nigeria’s regulatory framework through technology.
“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.
The SEC said the platform would help reduce bottlenecks in regulatory processes and facilitate faster, more informed decision-making across agencies.
Reinforcing the DG’s comments, the Executive Commissioner, Operations, Bola Ajomale, highlighted the operational benefits of the new system.
“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.
The commission believes the Regulatory Hub would support its broader mandate to strengthen investor protection, enhance market stability, and harmonize regulatory activities across the financial sector.
It urged stakeholders to initiate interest by emailing the Commission, adding that once registered, participants would be able to access the Hub and take advantage of its features.
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NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products 

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The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing circulation of banned food products across markets in the country.
The agency, in a Press Release dated 6 December 2025, warned that these items including pasta, noodles, sugar and tomato paste are expressly listed on the Federal Government’s Customs Prohibition List and are illegal to import.
NAFDAC stated that the sale and distribution of such prohibited items violate national trade laws, compromise the integrity of Nigeria’s food control system, and pose significant public health risks, as they have not undergone the agency’s mandatory safety and quality evaluations.

Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.

The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.

The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.

“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.

NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.

By: Lady Godknows Ogbulu
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