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

Pipeline Explosion In Abua Odua, LGA Chair Calls For Calm

Published

4 days ago

July 3, 2026

The Tide

Fresh explosions have hit oil and gas pipelines in Odau Community, in Abua/Odual Local Government Area of Rivers State, triggering a major security and environmental crisis that has forced residents to abandon their homes.

The first incident occurred along the Kolo Creek – Rumuekpe crude oil pipelines, operated by Renaissance Africa Energy Company Limited.

This was followed by a gas pipeline explosion on the Ogboinbiri – Obirikom Gas Pipeline, operated by Oando Plc, in the same week.

In a statement by the Abua/Odual Council Chairman, Hon. Owolobi Michael Ofori said the blasts, suspected to be the handiwork of militants, have unleashed persistent gas leakage in the area, raising fears of fire outbreaks and toxic exposure as residents of Odau have largely deserted the community due to the dangerous situation.

According to him, some residents of the area have been hospitalised after inhaling the leaking gas, adding that the impact has spread to neighbouring communities, including Obedum, Emirikpoko, and Anyu in Abua/Odual LGA, as well as Oruma and Ibelebiri in Bayelsa State.

Hon. Ofori expressed deep concern over the plight of the affected residents and urged the operating companies to act swiftly.

The Council expressed its deepest sympathy to all affected persons and communities and remained gravely concerned about the safety, health, and welfare of residents whose lives and livelihoods have been disrupted by these incidents.

“We call on Renaissance Africa Energy Company Limited and Oando Plc to immediately deploy all necessary technical and emergency response resources to contain the fires, halt the gas leakage, secure the affected pipeline corridors, and mitigate further environmental and public health risks.” the Council Chairman Said.

The chairman also appealed to the two oil firms to provide immediate humanitarian assistance and relief materials to the displaced residents while work continues to restore normalcy.

The Council Chairman said he is working closely with security agencies and emergency responders to monitor the situation and coordinate necessary interventions.

The Council Boss advised Residents of the Local Government Area to remain calm, cooperate with authorities, and adhere strictly to safety directives.

Ofori further called on the National Emergency Management Agency (NEMA), the National Oil Spill Detection and Response Agency (NOSDRA), the Rivers State Government, and other relevant bodies to intervene urgently to prevent loss of lives and environmental damage.

Hon. Ofori assured that the council remains committed to the protection and welfare of its people and will continue to engage all stakeholders to resolve the crisis.

Enoch Epelle

Business

Fidelity Bank Collaborates YEIDEP To Empower Nigerian Students

Published

4 days ago

July 3, 2026

The Tide

Fidelity Bank Plc has reaffirmed its commitment to youth empowerment, financial inclusion and entrepreneurship through a strategic partnership with the Youth Economic Intervention and De-radicalization Programme (YEIDEP), a Federal Government-backed initiative aimed at equipping young Nigerians with the skills, support and opportunities needed to build sustainable livelihoods.

Under the partnership, the bank will support the enrolment of students and young people into the YEIDEP programme, which is designed to tackle youth unemployment, promote enterprise development and expand economic participation among Nigeria’s growing youth population.

The next phase of the initiative is scheduled to end today at Nnamdi Azikiwe University, Awka, where the enrolment exercise for students and youths across the South-East that started since July 1st would be concluded at the university’s Convocation Arena.

The exercise is expected to reach more than 60,000 regular undergraduate students.

Speaking on the partnership, Fidelity Bank’s Divisional Head, Product Development, Osita Ede, said youth empowerment remains central to the bank’s vision of building a more inclusive and prosperous society.

He noted that Nigeria’s youths represent the country’s greatest asset and stressed that providing them with the right skills, opportunities and financial support is critical to unlocking their potential and driving national development.

According to Ede, the bank continues to provide young Nigerians with tools for success through its digital banking platforms, financial literacy initiatives, youth-focused products and strategic partnerships.

He added that Fidelity Bank recognises that limited access to funding, mentorship and business development support remains a major challenge for many aspiring entrepreneurs, and is committed to creating pathways that will help them overcome these barriers.

The bank said its support for YEIDEP aligns with its longstanding commitment to empowering Micro, Small and Medium Enterprises (MSMEs), which it described as key drivers of economic growth and job creation in Nigeria.

Interested students and youths have been encouraged to open Fidelity Bank accounts and register for the programme through the bank’s dedicated online portal.

Nkpemenyie Mcdominic, Lagos

Business

NPA Launches Multi-Agency Taskforce To Combat Apapa Traffic Gridlock

Published

4 days ago

July 3, 2026

The Tide

The Nigerian Ports Authority (NPA) has launched a multi-agency task force to combat the resurgence of traffic gridlock choking the Lagos Port access roads, in a fresh push to restore seamless cargo evacuation and sustain recent gains in Port efficiency.

The intervention followed a stakeholders’ meeting convened by the Managing Director of NPA, Dr. Abubakar Dantsoho, on June 23rd, 2026, where security agencies, freight forwarders, truck operators and representatives of the Lagos State Government agreed on coordinated measures to eliminate the bottlenecks disrupting cargo movement.

At the meeting, stakeholders identified illegal extortion points, overlapping responsibilities among security agencies and other operational distortions as major factors responsible for the renewed congestion along the port corridor.

Speaking on the outcome of the meeting, the NPA’s General Manager, Corporate and Strategic Communications, Mr. Ikechukwu Onyemakara, said the Authority’s overriding priority is to guarantee the unhindered movement of cargo to and from the nation’s seaports.

According to him, the task force comprises the NPA, the Police, the National Association of Government Approved Freight Forwarders (NAGAFF), the Association of Nigerian Licensed Customs Agents (ANLCA), the Federal Road Safety Corps (FRSC), the Maritime Workers Union of Nigeria (MWUN), the Nigerian Association of Road Transport Owners (NARTO) and the Association of Maritime Truck Owners (AMATO).

“The responsibility of the task force is to monitor truck movement on the Port access roads on a regular basis, identify any disruption capable of causing gridlock and immediately resolve such challenges,” Onyemakara said.

He stressed that members of the task force would not establish checkpoints along the corridor but would maintain strategic presence at designated locations to ensure compliance without obstructing traffic.

To enhance rapid response, Onyemakara disclosed that the task force has created a dedicated WhatsApp platform through which members can instantly report infractions or emerging traffic issues for immediate intervention.

On the long-delayed renewal of the Electronic Truck Call-Up (ETO) system contract, the NPA spokesman said the Authority is reviewing the terms to ensure a more robust contractual framework before awarding a fresh agreement.

He explained that although the previous contract had expired, the ETO platform remains operational under the management of the Truck Transit Parks (TTP) pending completion of the procurement process.

He expressed confidence that the renewal would be concluded soon.

Reaffirming the Authority’s commitment to maintaining free-flowing Port access roads, Onyemakara said efficient logistics remain central to the NPA’s drive to improve Nigeria’s Port competitiveness and preserve its growing international reputation.

“We are more interested in the free flow of logistics into our ports than anyone else because it is in our own interest,” he said

Nkpemenyie Mcdominic, Lagos