Category: Industry

  • Gifted Hands

    All we ever need to survive in this world is just one good head and two hands. It is all we can ever need to succeed and break new grounds.

    It is God’s gift to man. People on the other hand, never get tired of requiring services; hence the need to possess relevant skills that will warrant one’s ability to survive in current day Nigeria where accumulation of degrees are never enough to guarantee a bright future.

    In reality, true entrepreneurship is not inert; it is learnt and acquired overtime. This is the singular reason why everyone is not made for white collar jobs alone.

    Some people have determined in their hearts never to work for anyone, rather, they resort to crafting a means of livelihood by the work of their hands.

    Life took a new turn April this year when Ibukunoluwa Lana, Success Enyubala and Akunna Nwuke were posted to Plateau State in a dramatic new turn. Dogged, persistent, bold and fierce regardless, the trio accepted to journey down to the state. Their mission which has now translated into a future they chose is the clarion call they accepted in good faith. One that included a mix-match of three ladies from different ethnic groups, backgrounds and cultures coming together for a long period of 12 months.

    Eight months down the line of their service year, their stories have indeed changed. So much that they have forged a community of empowered women with the view of taking up the world with not just a certificate, but a business skill that is adjudged lucrative. Service year is not over yet, but by the time it comes to an end, they will be going back with a skill that will feed them for life, whether they choose to hunt for jobs or not.

    The Nation Newspaper caught up with them, and delved into the genesis of this glorious history. One that has driven young and passionate Nigerians into new worlds of Business, Small and Medium Scale Entrepreneurship as they arm themselves with tools that will be useful for the future to come. Joseph Olaoluwa writes

    Getting Nwuke Akunna to sit still is a herculean task. She is the eccentric hardworking type, busy closing deals with someone who is willing to sell her materials to make more bags, rugs and interior decorative materials or she is subtly plying her trade to an admirer of her works to make more deals. As a professional, her work reel speaks for itself, so she is very quick to point out some of her works being used by members of the RCCG Royal Priesthood Assembly Parish. This hot sunny afternoon, she just settled to speak with our correspondent after settling her new found fashion designer. She is looking forward to the dress and is willing to patronize her new found business woman. She is seated now and wiling to converse with me. I motion to her to come with me to one of the numerous boulevards that litter Crest Hotel, Jos South, Plateau State. We choose a shade which is a combination of well-arranged rocks and a tree shading us from the scorching sun. Success Enyubala is seated beside her, but my pestering is too much, so they both oblige me as her fashion designer watches us from a distance, eager to close the deal. Immediately, I started throwing questions. I start with the introductions, choosing to deal with Success first.

    Success Enyubala says she is into interior decoration, making emphasis on household materials. Akunna Nwuke proudly interjects: “I am into interior decoration, hair fascinator and knitting.” Very assertive with what she does, Akunna says that she believes she could be a master of everything time will avail her to learn.

    For the trio, the mastery of bag making, interior décor, and shoe covering was an opportunity that presented itself which they took without hesitation, having being introduced to the business beforehand at a certain time of their lives. So, when Akunna picked up interest, the goldmine the opportunity presented was too juicy to neither discard nor ignore.

    For Akunna, the whole thing began eight months ago at the Mangu Orientation Camp, Plateau State during the Skills Acquisition and Entrepreneurship Development (SAED) programme. Corps members are usually advised to take a pick from the wide range of skills offered during their 21 days in camp and are mentored appropriately on the mastery of these skills all year long.

    “It all began at Mangu Camp when I attended one of the SAED classes, the interior design and decoration class. I saw the throw pillows that there being made in the camp and I picked interest in it. I told myself I was going to pursue it.”

    For Enyubala, it was more of fascination for the things her friends could do. Hence the motivation for her to try it out and convince herself that there is immense joy in creating things with one’s bare hands.

    “Actually I was just fascinated by what I saw my friends doing. I thought about it, asides from the idea of getting to know, meet new people and know new places. I should gain new knowledge asides from the things I have always known before coming down to this state. I thought that since I have seen those things they are doing with their hands and it is not something that has started where I came from, maybe I could gain a skill in it and go onto develop it.

    “My friends introduced it to me- Akunna. We were staying at the same lodge and every time she came home, she came with something new. Sometimes, it could be a new bag and all of that and some other girl, Cynthia joined her and came home with her own things. I thought to myself, this is really awesome. If they could do that thing they were doing, I could do it also.” With the level of comfort and gesticulation oozing from Success, one could tell she was proud of her work, so when she was asked why she decided to keep her degree aside and face a business in the world of bags, and fanciful carpets, Success laid a bold claim.

    “I think this is a plus actually. It is going to give me something more prestigious asides the whole certificate thing.”

    How it all began

    Continuing her story, Akunna met her SAED trainer the very first day the course was introduced.

    “I met her during one of the SAED classes, the very first day the class was introduced to us. When they were calling classes to attend, I heard interior design and decoration and I picked interest in it. So, I walked up to her stand.” One thing that stood out in Akunna’s first meeting with her SAED trainer was the arm of friendship initially offered to a newcomer.

    “She was really friendly. I saw the throw pillows that were made in camp. The aprons were also made in camp. I told her I wanted to continue with the post camp training and she said it wasn’t a bad idea.”

    Ibukunoluwa story isn’t any different. Her journey into the business began way back in her undergraduate days in Ladoke Akintola University of Technology (LAUTECH), Ogbomosho. IBK, as she is fondly called admitted that it would have been an opportunity that would have wasted away as she was in the same hostel with a lady who used to make bags as well. She only realised how lucky she was when a friend outside of her hostel became an apprentice to the lady that made bags in her own hostel. That was the turning point for her.

    IBK who exclaimed loudly while talking to The Nation said: “It was like I was taking an opportunity for granted. How can someone I don’t know from another hostel take interest in a business opportunity that was transacted in my own home?” Ibukun made a promise to join the training herewith and before her undergraduate days were over, she had picked a few techniques. Between then and now, those techniques have obviously improved.

    On arriving Jos, Ibukunoluwa had completely put the business of bag making and shoe making behind her. That episode was closed and suspended until the day of the great reckoning, 4th August 2018. The date was so significant that it wouldn’t skip her memory. As an occupant of the Redeemed Family House situated in Abattoir, Plateau State, buying ingredients in the Abattoir market was a given. Unbeknownst to her, she had passed by her bag trainer severally before she realised that the skill she once gained was being lost daily to other worries and struggles.

    “It was on the 4th of August 2018 I began my training. I usually passed by her shop without noticing the work she was into. I agreed to start working with her that day and took on a three month intensive training that gulped #30,000.”

    Since the money wasn’t available to just give out like that, she chose to pay in instalments by remitting a sum of #10,000 every month.

    According to Akunna, the training is throughout service year and it will expire March 2019 at the cost of N30,000.

    Professionals or not?

    Akunna is of the school of thought that perfection is a moving target. Despite introducing Success to the business and picking up interest right from camp, plus the dexterity she has used in gathering customers and delivering outstanding jobs, she refused to accept that she had become a Pro in the business. She also went further to describe her foray into the business as a training period, not another apprenticeship episode.

    “It is a training period; there is no housemanship or apprenticeship. We are still undergoing training. Every day we have new things to do that are in the course outline. I won’t say I am a professional now because I am still undergoing classes with her (referring to her SAED trainer).” For Akunna, achievement of professional status is at the end of service year in March 2019. This fact she continually stressed modestly.

    Success called herself a professional in the stages she has passed. “Professionalism has to do with certification. Since I haven’t gotten certification which will come at the end of the training and training is at the end of service year, then you can be taken as a professional in the aspects passed. We have course outlines, so at a particular period of time, we have tasks in the course outlines to carry out. For each one you have successfully done, you are regarded as a professional in those aspects. For those ones I passed, I consider myself a professional because if someone tells me to do it just now or much later, I can make it.”

    “I love doing things with my hands”

    Going to school to bag a degree and learning a trade right after is sometime frowned on in Nigeria where a white collar job is usually fancied by friends and family, due to unemployment currently on the rise. Akunna, Success and IBK have refused to see things that way as they are truly proud of how the SAED program of the NYSC has truly liberated them.

    Even with her Mass Communication degree and wealth of experience in journalism, Akunna seems to have her path already laid for her beyond the system.

    Read More: Victims of double sim registration

    “It depends on individual perspective,” Akunna stated. “For me, I have always been an entrepreneur because I love doing things with my hands. Back then in school, I would bake and sell to my course mates on their birthdays. I have always been an entrepreneur. I have always had interest in it with or without a Bsc or a Master’s degree. I have always had interest in doing something with my hands and impacting the knowledge to people.”

    Hence, learning the trade for Akunna has been truly impactful. “It has been really rewarding. Along the line here in Plateau state, I have met a few people who have asked me to do one or two things with this my skill and I have been able to execute it without difficulty. It has been really rewarding. You know, we don’t depend on the N19,800 alone,” Akunna gesticulated, shrugging her arms. “

    With this skill, when you show someone a sample of the thing you made, the person will be like: Okay, can you make something like this for me and how much will it cost you

    “And that is an added advantage to you and your pocket,” Akunna proudly stated.

    Seeds for the future​

    Success feels it was beyond the now. “Yes it has been rewarding. At least for the time being. But I feel it is not really about now. It holds more meaning after now which is going to resonate in the future.”

    Success said the business doesn’t just stop at giving the service to people that demand it but what it truly involves is empowering others and passing the knowledge.

    “Nigeria is a country now that in order for you to strive to actually become something as a youth; you don’t have to rely on your degree alone because a lot of people have degrees. So what exactly do you want to use to stand out aside from those many degrees that exist in the country?” She asked.

    “Everyone is clamouring for people to start becoming employers of labour not people that seek to be employed as labour. So, with that idea at hand and with this knowledge I am gaining, I believe I can be that employer of knowledge and the same people who I am going to impact the knowledge to, will become employers of knowledge. So the country will not just stop at birthing thousands of graduates that don’t have anything to show for being graduates or literates. It goes a long way to creating employment and putting money in my pocket.”

    Ibukunoluwa’s motivation for learning was in line with Success’s idea, only that Ibukun reiterated the fact that she would love to learn for recreational purposes alone.

    She set to learn the job to be able to help out in the home. “Like just design some bags for the kids, run some contracts for weddings and support the family on a small scale. Most of the bag packs being made are majorly try outs for recreational purposes.” When asked why she didn’t look forward to scaling it in full entrepreneurial mood, she replied modestly that she needed to do something about actively learning the handiwork as well as preparing for life after service.

    Non- profit disclosure

    One thing the ladies declined to speak on was how much they have made in the business so far. Even the business-like Akunna chose to laugh it off, Success and IBK chose not even to banter much on the aspect.

    “How much have I made from this business?” Success exclaimed. “I can’t tell you that,” she maintained. “I don’t really know.” Even though The Nation suggested a million naira worth of jobs and contracts. Success replied hilariously: “by the grace of God. “Yes, by faith.”

    Akunna was a solid rock all through. She didn’t even say word, maybe some few words would have betrayed the girls code. IBK herself would not say.

    When asked about her challenges, Ibukunoluwa said she had never met any brick wall all through her three months of training in the business. She had never been owed nor run into any financial or personal altercations. Conflict in business is a common experience, but IBK seems to be enjoying it all.

    SAED, NYSC is not a waste of time

    As her final words, Akunna reiterated Success’s point. “This country does not need those who have certificates alone; it needs people who can create jobs for people. My final word for fellow corpers like me is don’t sit idly waiting for the next manna to come but to make good use of this opportunity.”

    She continued: “When I first started, I told myself that this SAED skill is grab your copy now! And I really grabbed my copy. To all corpers out there who think SAED and NYSC is just a waste of time; truly SAED or NYSC is not a waste of time. There are things out there NYSC is really doing for us. Avail yourself of these opportunities.” Akunna also believed she would never work for anyone.

    For Success, the world has become a global village. “People have so much fallen into the insight that asides your degree, or certification that indicates you went to school, you need to have something on the job. It doesn’t have to be in your current field of study, or thing of interest. You need to have something extra to back you up.”

    “If that job you are looking at is taken away from you, what becomes of you? Nothing. What if you don’t even get the job? What are you going to be holding onto? Nothing. “

    It goes a long way for youths, especially youths to get something doing with their hands,” Success said “People can never ever get tired of requiring services. Needs arise every single day. As long as human beings live and you have something to offer in the place of a service. There must be a need that arises for them to give that service. Having that in mind, youths should identify themselves with one particular skill to keep them going,” Success concluded.

    Ibukunoluwa Lana, Success Enyubala and Akunna Nwuke have succeeded in doing one vital thing for themselves. They have succeeded in empowering themselves and everyone around them. They have ensured a better future for themselves whether they get that dream job or not. This future, championed by young and vibrant women reiterates that fact that all you need to survive in this word is one good head and two gifted hands.

  • Chamber to induct president at dinner

    The Nigerian-American Chamber of Commerce (NACC), has concluded plans for its  2018 Annual Dinner Dance.  Highlight for the dinner, which holds today, is the inauguration of the Chamber 18th President.

    The chamber’s Communication Executive, Ebuka Ugochukwu, said the  event will present members and guests opportunity to interact in a relaxed environment, while networking and discussing initiatives to further encourage cross border trade and investments.

    Ugochukwu said the evening will also witness the inauguration of the 18th President of the Chamber, Oluwatoyin Akomolafe.

    According to him, Akomolafe was NACC’s Deputy President, prior to his election as President. He is also Chairman, Index Brook Limited and has devoted his career to nurturing of Index Brook into a group of companies, operating in different countries, providing consultancy services, project management and engineering services to major oil and gas firms in the industry and across the world.

    These firms, according to him, include Index Brook Nigeria, Index Brook Guyana, Canyon Offshore Mozambique, Pasedena Exploration and Production, Index Brook Angola and Index Brook Ghana.

    Akomolafe is also an active member of societies, social clubs, and professional associations. He is equally a member of Christian Friends Society; Arch Bishop Vining Memorial Church; the Metropolitan Club; Regents Park Club, London; West Lake Country Club, Houston; Negotiation and Conflict Management Group, among others.

    The NACC, he recalled, is the first and oldest bilateral chamber of commerce in Nigeria and for more than 58 years, the chamber has grown into a dynamic organisation.

    According to him, NACC stands as a pillar of the relationship between the United States (US) and Nigeria, serving as an important catalyst in bringing together people and ideals to strengthen bilateral and commercial relations between Nigeria and the US.

     

     

     

  • Dangote distributors pledge more sales next year

    Key distributors of Dangote Cement have lauded the management of the company for its reward system and support, which enabled them to increase sales and maximise profit.

    The commendation came as the company presented the second batch of its top 20 distributors with Sport Utility Vehicles (SUVs).

    The distributors, who expressed delight at the gesture, said Dangote Cement had shown that it is the leader in the market, not only in Nigeria but also in Africa.

    Speaking on behalf of other distributors, Mr. and Mrs. Taiye Fajana of the Twins Faja Nigeria Limited, a leading distributor, expressed surprise at Dangote Cement management’s decision to give them vehicles shortly after they paid mouth-watering bonus for the sales recorded during the year.

    According to them, no other cement company has been supportive of their distributors like Dangote cement, saying that the company was first to initiate promo in the cement industry with cash and other items given out freely.

    They recalled the last promo during which many of the company’s customers and dealers across the country participated and were rewarded with free quantities of cement, which were resold to make money and containers, which have been used for storing the commodity.

    The distributors urged other cement companies to take a cue from Dangote Cement’s sales model and reward system that guarantees sales increase and maximum profit for its distributors and dealers, adding that they will sale more Dangote cement in 2019.

    Group Managing Director of Dangote Industries Limited, Mr. Kunle Alake, who made the presentation on behalf of Chairman of Dangote Cement, Aliko Dangote, congratulated the customers and expressed the appreciation of the management for their unalloyed loyalty to the Dangote cement brand.

    He promised that the company would continue to meet the yearnings and aspiration of the dealers and end users of Dangote Cement products, saying that it was in this regard that the company introduced new products.

    He cited the newly introduced falcon and Blockmaster varieties, which he said was in a bid to satisfy various needs of the customers.

    Earlier in the year at a colourful event in Lagos, the company’s distributors were paid hundreds of millions of naira bonuses to serve as incentive for sales recorded in the past year and loyal patronage given to the company.

     

  • SON retools operations with new appointments

    The Standards Organisation of Nigeria (SON) has made new appointments in its bid to retool operations and enhance service delivery in Nigeria and beyond.

    As part of the retooling exercise, the erstwhile Director of Operations, Mr. Felix Nyado,  an engineer, has been appointed Director, Corporate Affairs/SON Consult, while Mr. Dauda Yakubu, former Regional Coordinator, North West, becomes the Acting Director, Operations.

    A statement from the office of the Director-General, Osita Aboloma, said the redeployments were in furtherance of the Federal Government’s reform vision to infuse innovations into the operations of Ministries, Departments and Agencies (MDAs).

    The shake-up also had Dr. Justin Nickaf move from Planning, Research and Statistics (PRS) to the office of the Director- General in charge of Technical activities, while Dr. Nuhu Yahaya Fana swaps position as Director, PRS.

    Others are Dr. Bartholomew Ugwu (Deputy Director, Operations), Mr. Abba Bauchi is the Regional Coordinator, Northwest.

    The statement reiterated the resolve of SON to constantly review and retool its operations to meet  stakeholders’ demand for improved service delivery.

     

  • The road to fertiliser self-sufficiency

    The Central Bank of Nigeria (CBN) has barred foreign exchange (forex) allocation to fertiliser imports. The inclusion of this critical farming input on the list of 41 items not valid for forex may have reinforced the Federal Government’s commitment to delivering commercially-significant quantities of affordable and high-quality fertiliser to farmers. Assistant Editor CHIKODI OKEREOCHA reports.

    Before the inuaguration of the Presidential Fertiliser Initiative (PFI) in December 2016, the non-availability of fertiliser was, arguably, one of the obstacles to increased productivity in the agriculture sector.

    The scarcity of the critical farm input was a major disincentive to farmers’ efforts to contribute to economic diversification through small, medium and large-scale agriculture.

    But, the Federal Government, through the PFI, moved to change the narrative. It was part of its efforts to deliver commercially-significant quantities of affordable and high-quality fertiliser at the right time to farmers.

    The initiative, which involved a partnership with the Government of Morocco for the supply of phosphate to produce fertiliser locally, was an instant success.

    It resulted in the revitalisation of 14 blending fertiliser plants across the country, with a total installed capacity in excess of two million metric tonnes (MT). It also saved the government about $200 million in foreign exchange annually, and N60 billion annually in budgetary provisions for fertiliser subsidies.

    Other multiplier effects, according to the Minister of Information & Culture, Lai Mohammed, include the provision of about 60,000 direct jobs and several indirect jobs.

    The substitution of imported inputs of NPK with locally-sourced inputs also made it possible for farmers to purchase fertiliser at 30 per cent cheaper than previously available.

    However, in a renewed push to consolidate on the gains of the initiative and ultimately, achieve self-sufficiency in fertiliser production, the Federal Government, through the Central Bank of Nigeria (CBN), this week, barred official foreign exchange (forex) allocation to fertiliser imports.

    In other words, the apex bank has included fertiliser on the list of items not valid for forex. The CBN in a circular dated October 10, 2018 and signed by its Director, Trade & Exchange Department, Ahmed Umar, said the inclusion of fertiliser on the list of items not valid for forex took effect from Friday, December 7, 2018.

    The circular, however, noted that the “CBN will ensure that transactions (Form M) on fertiliser for which payments are outstanding, are settled at the appropriate settlement dates”.

    Recall that the CBN had on January 1, 2015 announced a forex policy that restricted the availability of forex to the importation of 41 items, which it said could be produced in Nigeria. Those who export products that fall under the 41 items were also barred from using their export proceeds to fund the importation of raw materials classified as not valid for forex.

    The apex bank had argued that the policy was necessary to promote locally-produced goods, build robust foreign reserves, and also create jobs.  “We need to aggressively begin the process of feeding ourselves by ourselves and producing much of what we need in this country.

    “The huge amounts of money the country spends on importing things we can produce locally have become a significant drag on our foreign exchange reserves…,” CBN Governor Godwin Emefiele, had said.

    But manufacturers and other members of the Organised Private Sector (OPS) kicked, describing the forex restriction variously as “obnoxious, superfluous, and ill-conceived”. Many of them argued that they were not consulted by the CBN and other regulators before the restrictions were placed on the items.

    They also pointed out that the vague nature in which the items in the import prohibition basket were described in the circular impeded the access of several local manufacturers to foreign exchange for procurement of their raw materials.

    They accused the CBN of emasculating manufacturers by failure to properly appraise domestic capacity for production of some of the excluded items, and therefore, called for a review.

    But the CBN has insisted that the policy was in the interest of the economy and Nigerians. It reiterated that the policy was necessary to re-awaken the consciousness of manufacturers on the need to look inwards and embrace the utilisation of local raw materials, conserve foreign exchange and create jobs.

    The apex bank, at some point, hinted of its plans to add more items to the import prohibition list. This was why the inclusion of fertiliser on the list of 41 items not valid for forex may not have come as a surprise to industry operators and stakeholders.

    For one, the strategic move may have reinforced government’s avowed commitment to achieving self-sufficiency in food production and consumption through unhindered access to adequate and affordable fertilisers to farmers.

    This holds true, considering the fact that before the PFI, the activities of fertiliser black marketers were hurting efforts at leveraging large-scale agric for job and wealth creation. They were the powerful middlemen in the sector, who allegedly ensured that critical farming inputs like fertiliser from the government never got to farmers.

    Apart from controlling the Federal Government’s fertiliser distribution system for several decades, the black marketers, whose activities clearly verged on economic sabotage, also denied farmers access to other subsidised inputs such as disease-resistant, high-yield rice seeds and palm oil seedlings.

    The inputs, which would have seen farmers’ output rising and contributing to food security, job and wealth creation, were brazenly sold in the open market or in neighbouring West African countries at exorbitant prices.

    Beyond the democratisation of access to fertiliser, which the PFI encouraged, the latest forex intervention by the CBN, according to experts, may have also brightened Nigeria’s chances of becoming a major player in the global fertiliser market.

    Recall that before the CBN barred official forex allocation to fertiliser imports, Nigeria had on the strength of the revitalisation of the fertiliser industry, set her eyes on claiming a substantial share of the global fertliser market, starting from the West African sub-region, where it plans to reclaim her position as food basket.

    Based on this, Chairman, Fertiliser Producers and Suppliers of Nigeria (FEPSAN), Mr. Thomas Etuh, predicted that Nigeria will begin to export fertiliser soon. He said Nigeria was already selling fertiliser to Benin Republic, Chad, Cameroon and Niger Republic.

    According to Etuh, the gradual, but steady revolution in the nation’s fertiliser blending industry will restore Nigeria’s position as the food basket of the West African sub-region, noting that it has helped farmers access critical agricultural input at affordable prices.

    He also said this has reduced farmers’ overheads, boosted yield and encouraged more players to invest in the agric value chain. He recalled, for instance, that before the PFI, Nigeria had 32 fertiliser blending plants most of which were moribund.

    Of the 33 plants, five were functional, but produced at 10 per cent capacity because of the emphasis on importation. With the forex restriction for fertiliser importation to encourage local production, it means that Nigeria is inching closer to becoming a dominant player in the regional and global fertiliser industry.

  • Leverage agric to boost economic growth, US envoy urges govt

    The United States Ambassador to Nigeria, Stuart Symington, has advised the Federal Government to explore opportunities in agriculture and Information and Communications Technology (ICT) to boost economic growth and development.

    Symington, who stated that many African countries were boosting their agric sector to benefit more from the African Growth and Opportunity Act (AGOA), urged Nigeria not to be left out.

    AGOA is a preferential trade agreement between the US and some eligible sub-Saharan African countries that allows the exportation of certain agric products to the US market tariff and quota-free.

    The free-duty export programme essentially seeks to increase market access to Nigeria and 38 other eligible Sub-Saharan African countries to export about 7, 000 product lines to the US market.

    Symington spoke at the Annual Dinner and Presidential Inauguration of the 18th President of the Nigerian-American Chamber of Commerce (NACC), Oluwatoyin Akomolafe, held in Lagos, during the week.

    He said lack of supportive environment for agriculture in Nigeria and Africa in general was responsible for why the continent’s agric products are not competitive.

    He, therefore, advised Nigeria and other African Governments to invest more in infrastructure in order to support their agricultural industries.

    The US Ambassador to Nigeria regretted that the country failed to manage her wealth of agric resources since the oil boom era, adding that the mismanagement of her oil resources also stifled economic growth and development.

    The US envoy reiterated the need to diversify Nigeria’s economy, noting that this will create more opportunities for NACC members to grow their businesses by exploring, exploiting and leveraging on the trade relations already established by Nigeria and the US.

    The Chairman, Honeywell Group, Dr. Oba Otudeko, expressed concern over the low performance of the non-oil sector, noting that Nigerian businesses are not taking advantage of AGOA.

    He urged the Federal Government to put necessary measures in place to ensure that non-oil products from Nigeria were duly accepted in the US.

    Otudeko, however, described NACC as a major stakeholder in the bilateral economic relations between Nigeria and the US, noting, for instance, that the impressive trade volumes recorded so far could not have been achieved without the chamber’s efforts.

    Speaking during the inauguration, Akomolafe said that at the recent Africa Trade and Investment Global Summit and AGOA (ATIGS&AGOA) in Washington DC, there were discussions on how to create better opportunities for trade between the US and Nigerian companies.

    He noted that Nigeria’s current economic growth depended on the non-oil sector, particularly construction, telecommunications, wholesale/retail trade, hotel and restaurant services, manufacturing, and agriculture.

    The NACC president added that the best way for Nigeria to achieve economic growth is to create public, private partnership with US corporations.

    According to him, the development of the non-oil sector was imperative in view of unpredictable oil prices in the international market.

  • ‘90% of applicants unqualified’

    Close to 90 per cent of job applicants are objectively not a match to the positions advertised. This is caused by a misunderstanding of job requirements, from employers and candidates.

    This was the highlight of the latest research by ROAM (Ringier One Africa Media), which encompasses market-leading job portals in West Africa, Jobberman and East Africa, Brightermonday, as well as executive recruitment and HR solutions firm, The African Talent Company.

    ROAM is the leading digital classified group in sub-Saharan Africa. Unified by its mission to connect Africans to opportunities and be Africa’s most user centric marketplace company, it operates across eight Sub Saharan countries.

    The company’s research, which analysed data sets from more than 12 million users, as well as from more than 100,000 employers across Nigeria and Kenya active in the last two years, said many Africans who apply for a job are not qualified in the first place.

    ROAM Head of Jobs, Matthew Page, said: “We have recently conducted a data review and were shocked by this huge gap. Our initial hypothesis was that this was due to a shortage of jobs, gaps in the labour markets, and desperation.

    “However, digging deeper into our database, our analysis found that many candidates were indeed, qualified for other available jobs, but did not necessarily apply for these. African employers and our clients indeed, face a challenge in hiring the right people.”

    The company’s research, which was accessed by The Nation, further brought to light that an average job listing receives about 140 – 160 applications. This showcases that there are huge hiring efforts involved in the application and recruitment process, even before the interview.

    This is both on the candidate side, to launch this large number of wrong applications, as well as from the employer, to identify the 10 per cent of right candidates, amidst a large number of unqualified requests.

     

     

     

  • Firm trains farmers on safety awareness

    Expert Dutch farmers from The Netherlands have completed a two-week comprehensive training for Nigerian dairy farmers under the ‘Farmer2Farmer Programme’ organised by FrieslandCampina WAMCO Plc, makers of Peak and Three Crowns milk.

    Tagged: Farmer Safety Awareness, the training programme supported dairy farmers’ approach to safety on their farms as owners as well as for their employees, families and visitors.

    FrieslandCampina WAMCO Corporate Affairs Director Ore Famurewa said it was essential to have robust safety and health structures in place in the company’s offices, on the field, in the homes and with suppliers.

    “This particular programme identified potential hazards around dairy farms while proffering solutions to eliminating or minimising such hazards, and ensuring that the farms are safe,” she said, in a statement during the week.

    Developed by expert Dutch dairy farmers, the farm safety training provided practical, easy-to-comprehend techniques, which enabled local dairy farmers run a safe and improved smallholding beneficial to people and livestock.

    In addition to the safety training, the farmers received training and advice on various aspects of dairy farming, such as feeding and watering, calf-rearing, milking hygiene and practice, milking machine maintenance, hoof care and housing and barn design.

    The Farmer2Farmer programme is a best practise model designed by FrieslandCampina for its Dairy Development Programme (DDP) whereby certified dairy farmers from The Netherlands, specially selected for the programme and intensively trained to prepare them for their missions overseas, share knowledge with local dairy farmer through on-farmer practical training.

    The main goal of the Farmer2Farmer programme was to help local dairy farmers under the DDP improve milk quality and productivity.

    “We started the Farmer2Farmer programme in Nigeria in 2016 and we can say that combining our strengths is helping to bring about positive growth in the local dairy sector, especially where quality and productivity are concerned.

    The Farmer2Farmer programme is helping local farmers to make real progress, which is why we energetically embarked on the second round of the programme,” Famurewa noted.

  • The road to fertiliser self-sufficiency

    The Central Bank of Nigeria (CBN) has barred forex allocation to fertiliser imports. The inclusion of this critical farming input on the list of 41 items not valid for forex may have reinforced the Federal Government’s commitment, via the Presidential Fertiliser Initiative, to delivering commercially-significant quantities of affordable and high-quality fertiliser at the right time to farmers. Assistant Editor CHIKODI OKEREOCHA reports.

    Prior to the inuaguration of the Presidential Fertiliser Initiative (PFI) in December 2016, the non-availability of fertiliser was, arguably, one of the obstacles on Nigeria’s road to increased productivity in the agric sector.

    The scarcity of the critical farm input was a major disincentive to farmers’ efforts to contribute to economic diversification through small, medium and large-scale agriculture.

    But, the Federal Government, through the PFI, moved to change the narrative. It was part of its efforts to deliver commercially-significant quantities of affordable and high-quality fertiliser at the right time to farmers.

    The initiative, which involved a partnership with the Government of Morocco for the supply of phosphate to produce fertiliser locally, was an instant success.

    It resulted in the revitalisation of 14 blending fertiliser plants across the country, with a total installed capacity in excess of two million metric tonnes (MT). It also saved the government about $200 million in foreign exchange annually, and N60 billion annually in budgetary provisions for fertiliser subsidies.

    Other multiplier effects, according to the Minister of Information & Culture, Lai Mohammed, include the provision of about 60,000 direct jobs and several indirect jobs.

    The substitution of imported inputs of NPK with locally-sourced inputs also made it possible for farmers to purchase fertiliser at 30 per cent cheaper than previously available.

    However, in a renewed push to consolidate on the gains of the initiative and ultimately, achieve self-sufficiency in fertiliser production, the Federal Government, through the Central Bank of Nigeria (CBN), this week, barred official foreign exchange (forex) allocation to fertiliser imports.

    In other words, the apex bank has included fertiliser on the list of items not valid for forex. The CBN in a circular dated October 10, 2018 and signed by its Director, Trade & Exchange Department, Ahmed Umar, said the inclusion of fertiliser on the list of items not valid for forex took effect from Friday, December 7, 2018.

    The circular, however, noted that the “CBN will ensure that transactions (Form M) on fertiliser for which payments are outstanding, are settled at the appropriate settlement dates”.

    Recall that the CBN had on January 1, 2015 announced a forex policy that restricted the availability of forex to the importation of 41 items, which it said could be produced in Nigeria. Those who export products that fall under the 41 items were also barred from using their export proceeds to fund the importation of raw materials classified as not valid for forex.

    The apex bank had argued that the policy was necessary to promote locally-produced goods, build robust foreign reserves, and also create jobs.  “We needed to aggressively begin the process of feeding ourselves by ourselves and producing much of what we need in this country.

    “The huge amounts of money the country spends on importing things we can produce locally have become a significant drag on our foreign exchange reserves…,” CBN Governor Godwin Emefiele, had said.

    But manufacturers and other members of the Organised Private Sector (OPS) kicked, describing the forex restriction variously as “obnoxious, superfluous, and ill-conceived”. Many of them argued that they were not consulted by the CBN and other regulators before the restrictions were placed on the items.

    They also pointed out that the vague nature in which the items in the import prohibition basket were described in the circular impeded the access of several local manufacturers to foreign exchange for procurement of their raw materials.

    They accused the CBN of emasculating manufacturers by failure to properly appraise domestic capacity for production of some of the excluded items, and therefore, called for a review.

    But the CBN has insisted that the policy was in the interest of the economy and Nigerians. It reiterated that the policy was necessary to re-awaken the consciousness of manufacturers on the need to look inwards and embrace the utilisation of local raw materials, conserve foreign exchange and create jobs.

    The apex bank, at some point, hinted of its plans to add more items to the import prohibition list. This was why the inclusion of fertiliser on the list of 41 items not valid for forex may not have come as a surprise to industry operators and stakeholders.

    For one, the strategic move may have reinforced government’s avowed commitment to achieving self-sufficiency in food production and consumption through unhindered access to adequate and affordable fertilisers to farmers.

    This holds true, considering the fact that before the PFI, the activities of fertiliser black marketers were hurting efforts at leveraging large-scale agric for job and wealth creation. They were the powerful middlemen in the sector, who allegedly ensured that critical farming inputs like fertiliser from the government never got to farmers.

    Apart from controlling the Federal Government’s fertiliser distribution system for several decades, the black marketers, whose activities clearly verged on economic sabotage, also denied farmers access to other subsidised inputs such as disease-resistant, high-yield rice seeds and palm oil seedlings.

    The inputs, which would have seen farmers’ output rising and contributing to food security, job and wealth creation, were brazenly sold in the open market or in neighbouring West African countries at exorbitant prices.

    Beyond the democratisation of access to fertiliser, which the PFI encouraged, the latest forex intervention by the CBN, according to experts, may have also brightened Nigeria’s chances of becoming a major player in the global fertiliser market.

    Recall that before the CBN barred official forex allocation to fertiliser imports, Nigeria had on the strength of the revitalisation of the fertiliser industry, set her eyes on claiming a substantial share of the global fertliser market, starting from the West African sub-region, where it plans to reclaim her position as food basket.

    Based on this, Chairman, Fertiliser Producers and Suppliers of Nigeria (FEPSAN), Mr. Thomas Etuh, predicted that Nigeria will begin to export fertiliser soon. He said Nigeria was already selling fertiliser to Benin Republic, Chad, Cameroon and Niger Republic.

    According to Etuh, the gradual, but steady revolution in the nation’s fertiliser blending industry will restore Nigeria’s position as the food basket of the West African sub-region, noting that it has helped farmers access critical agricultural input at affordable prices.

    He also said this has reduced farmers’ overheads, boosted yield and encouraged more players to invest in the agric value chain. He recalled, for instance, that before the PFI, Nigeria had 32 fertiliser blending plants most of which were moribund.

    Of the 33 plants, five were functional, but produced at 10 per cent capacity because of the emphasis on importation. With the forex restriction for fertiliser importation to encourage local production, it means that Nigeria is inching closer to becoming a dominant player in the regional and global fertiliser industry.

  • Chamber holds dinner, inducts president

    The Nigerian-American Chamber of Commerce (NACC), has concluded plans to hold the 2018 Annual Dinner Dance. The annual dinner, which holds today, will be accompanied by the inauguration of the 18th President of the Chamber.

    The chamber’s Communication Executive, Ebuka Ugochukwu, said the annual event will present members and guests the opportunity to interact in a relaxed environment, while networking and discussing initiatives to further encourage cross border trade and investments.

    Ugochukwu said the evening will also witness the inauguration of the 18th President of the Chamber, Oluwatoyin Akomolafe.

    According to him, Akomolafe was NACC Deputy President, prior to his election as President. He is also Chairman, Index Brook Limited and has devoted his career to nurturing of Index Brook into a group of companies, operating in different countries, providing consultancy services, project management and engineering services to major oil and gas firms in the industry and across the world.

    These firms, according to him, include Index Brook Nigeria, Index Brook Guyana, Canyon Offshore Mozambique, Pasedena Exploration and Production, Index Brook Angola and Index Brook Ghana.

    Akomolafe is also an active member of societies, social clubs, and professional associations. He is equally a member of Christian Friends Society; Arch Bishop Vining Memorial Church; the Metropolitan Club; Regents Park Club, London; West Lake Country Club, Houston; Negotiation and Conflict Management Group, among others.

    The NACC, he recalled, is the first and oldest bilateral chamber of commerce in Nigeria and for more than 58 years, the chamber has grown into a dynamic organisation.

    According to him, NACC stands as a pillar of the relationship between the United States (US) and Nigeria, serving as an important catalyst in bringing together people and ideals to strengthen bilateral and commercial relations between Nigeria and the US.