Business
No Hiding Place For Importers Of Substandard Goods -SON
The Standard Organisation of Nigeria (SON) has warned individuals and organisations whose stock in trade is to use the country as a dumping ground for all types of substandard goods.
The SON’s Director-General, Mallam Farouk Salim, gave the warning during an enforcement exercise last Friday, in Obafemi Owode area of Ogun State, where illegally stuffed tyres worth about N600 million were discovered and confiscated.
The Director General said the tyres, stuffed in 100 containers, passed through the ports unnoticed, stressing the need for the SON to be present at the nation’s points of entry.
He alleged that many importers took advantage of the vastness of the country to warehouse substandard products at different hideouts across the country, assuring however, that there would no longer be hiding place for importers of such products again.
“Our message to importers is that we are coming for unscrupulous importers and we are not ready for compromise; we will prosecute. There is no way we can salvage these tyres, so we are going to destroy them.
‘‘We have arrested the manager of the warehouse, but the owner of the product is a foreigner and happens to be outside the country and we are sure he would come to explain himself. And if he does not, we will just prosecute the manager and anybody involved in this property”, he said.
Salim said the seizure was to ensure that those tyres stuffed in over 100 containers did not find their ways into the nation’s markets, as their integrity had been lost.
“This is a very dangerous situation because people’s lives are at stake and our roads are not safe because of something like this.
“We have no idea how these tyres got into this country. We are not at the ports and it did not come through us and they do not have papers with us that the goods have been cleared.
“We do not also have access to the port because if we were at the ports, there is no way we would allow about 100 containers; and you can imagine if another 15 warehouses around the country, we are looking at about 2000 containers slipping through unnoticed.
“It is a very dangerous trend and this is why we are still emphasising that the best way to enforce is to be at the point of entry. This is why about 100 containers slipped through the ports and ended up in the warehouse,’’ he said.
He stated that before declaring a tyre substandard, it would have been tested in the laboratory and found short of the requirements of the NIS 252 2017 standards.
“If the tyres are used and expired, the tyres are substandard, if the tyres are stuffed, the tyres are substandard”, he said.
He explained further that, “Stuffing means putting a smaller tyre into bigger ones and another bigger one into the biggest one by way of dodging duties and shipping cost to make too much profits, but in the act of making too much profits, they do not look at the quality implication of these tyres”.
According to him, the physical structures of tyres are readily affected once exposed to stuffing.
“Anybody buying a tyre should do physical examination and visual examination,” he advised.
The Manager of the warehouse, Emmanuel Ogbagu, fielding questions from the Director General, said the warehouse employed outside manpower to un-stuff the tyres to be taken to markets across the country.
He said all efforts to reach the owner of the warehouse had proved abortive, saying that he was quite aware of the implications of stuffing tyres.
The Minister of State for Industry, Trade and Investment, John Enoh said this at the 8th annual induction and conference of the Chartered Institute of Project Managers of Nigeria (CIPMN).
He explained that abandoned projects continue to lock up public funds that could have been used for infrastructure development, industrial growth, job creation and essential social services.
Represented by the ministry’s Permanent Secretary, Chris Osa Isokpunwu, he said the impact goes beyond financial losses, as incomplete projects affect communities and limit access to important public services
He cited examples of that remain unopened, schools that cannot accommodate students, roads that fail to connect communities and electricity projects that have not delivered their intended benefits.
The Registrar-General and Chief Executive Officer of CIPMN, Henry Ifeanyi Mbadiwe, also identified poor project management as a major challenge affecting development in Nigeria.
He revealed that the institute had developed a project management curriculum for Nigerian universities, which has received approval from the National Universities Commission (NUC). The programme is expected to enable universities to offer project management as a bachelor’s degree.
Mbadiwe further referenced findings by the Presidential Projects Assessment Committee, which identified 11,886 ongoing federal capital projects in 2011, with an estimated financial commitment of ?7.78 trillion.
He noted that inadequate planning, supervision, accountability and implementation were among the factors contributing to the abandonment of projects across the country.
The minister called for stronger project management structures across ministries, departments and agencies to improve planning, monitoring and evaluation.
He added that the Federal Ministry of Industry, Trade and Investment had introduced a 90-day implementation reporting cycle to strengthen transparency and monitor the progress of government programmes.
Ikenga said the company remained committed to Nigeria’s power sector and would continue investing in its operations despite the challenging business environment.
He spoke in Lagos at the third edition of the Shell Power Conference, themed “Powering Nigeria’s Progress: Turning Ambition and Action into Sustainable Impact”.
The Transcorp Power chief said the company would sustain electricity generation, invest in its facilities and deliver value to shareholders.
“Transcorp Power is a long-term player, not a short-term player. This year has been challenging, but what is important is getting power to schools, hospitals and businesses to power progress,” he said.
Ikenga said the company’s focus on operational efficiency and investment had strengthened its contribution to Nigeria’s electricity supply.
He disclosed that since acquiring the Ughelli Power Plant in Delta State in 2013, Transcorp Power had quadrupled its available generation capacity.
He also said the company became the first privatised power generation firm to receive a post-privatisation discharge certificate after fulfilling all its privatisation obligations.
The company’s unaudited results for the nine months ended September 30, 2026, showed a profit before tax of N83.1 billion, while its profit-before-tax margin rose to 31.2 per cent from 29.6 per cent recorded in the corresponding period of 2025.
Its total assets rose to 11.7 per cent amounting to N629.5 billion, while shareholders’ funds grew 8.9 per cent to N199.8 billion. Cash and cash equivalents also rose to N10.3 billion, supported by improved collections.
On the company’s contribution to grid stability, Ikenga said Transcorp Power’s black-start capability enabled it to restart operations without relying on electricity from the national grid.
He explained that the capability allowed the company to support power restoration following grid disturbances, helping to restore electricity supply to homes, businesses and industries.
Ikenga noted that Nigeria had an installed electricity generation capacity of about 13,000 megawatts, with an estimated potential of 50 gigawatts, adding that realising the potential would require effective coordination across the entire value chain.
“Everything in the value chain has to work,” he said.
He called for stronger collaboration among federal and state governments, regulators and private-sector operators, alongside increased private investment, to build a sustainable electricity market.
This was contained in a statement issued on Thursday by his Senior Special Assistant on Communications and Press Secretary, Maryann Duke.
The statement said Oyedele pointed to “improved digital systems, including electronic invoicing, as a key driver behind a record of N33tn in government revenue collected between January and October 2026.”
The minister said the performance demonstrated the potential of technology to improve revenue administration, strengthen compliance and increase efficiency across government institutions.
Speaking on the theme, ‘Digital Sovereignty and Ethics: Guarding the Economy for the Next Generation,’ Oyedele warned that Nigeria risked losing substantial economic opportunities if it continued to depend heavily on foreign digital infrastructure.
Citing Nigerian Communications Commission figures, he disclosed that the country recorded more than 157 million active internet subscriptions as of May 2026.
He explained that these connections generated significant volumes of information through financial transactions, healthcare, education and taxation.
However, citing estimates from the Nigeria Data Protection Commission, Oyedele said as much as 90 per cent of the country’s data was hosted abroad.
According to him, the situation has implications for foreign exchange expenditure, employment opportunities, technological skills and Nigeria’s control over information generated by its citizens.
He compared the country’s reliance on foreign digital infrastructure with its historical dependence on imported refined petroleum products, warning against a situation where Nigerian data would be processed abroad and the resulting services sold back to domestic users.
The minister consequently advocated greater investment in local data infrastructure, technical expertise, cybersecurity and predictable regulations to enable Nigerian businesses to capture more value from the digital economy.
He clarified that digital sovereignty should not translate into technological isolation but should strengthen Nigeria’s capacity to participate competitively in international markets.
Addressing graduating students, Oyedele urged young Nigerians to become developers of technological solutions rather than remain primarily consumers of products created elsewhere.
He identified artificial intelligence as both a disruptive force and an opportunity for innovation, advising graduates to acquire relevant digital skills alongside critical thinking, creativity, sound judgement and integrity.
The minister also cautioned against irresponsible online behaviour, explaining that digital footprints increasingly influence employment prospects, commercial relationships and professional credibility.
Oyedele outlined five priorities for graduates, including continuous learning, value creation, integrity, responsible digital citizenship and active participation in national development.
“Your degree is evidence of what you have learned. Your competence will demonstrate what you can do. Your character will reveal who you truly are,” he told the graduating students.
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