Tag: attract

  • Ekiti governorship aspirant to attract investors

    Ekiti governorship aspirant to attract investors

    An All Progressives Congress (APC) governorship aspirant in Ekiti State, Dr. Wole Oluyede, has promised to attract local and international investors to free the state from dependence on federal allocations.

    Oluyede said he was not afraid of competing against former governors Segun Oni and Kayode Fayemi in the primary for the July 14 poll.

    The doctor-turned politician is confident of winning the party’s ticket and election.

    Speaking with The Nation yesterday, Oluyede promised to galvanise a knowledge-based economy and ensure effective utilisation of human resources to stimulate investments.

    The aspirant said Ekiti cannot continue to depend on Abuja for monthly “financial handouts” amid abundant agricultural, mineral and tourism resources.

    He said: “Our federal allocation should just be a plus to us. We cannot go to Abuja to get money we did not work for every time.

    “What we should do is develop what we have. We need to develop our agriculture, we need to develop tourism. We have one of the most important sources of wealth in the world: knowledge.

    “That is what countries have, and that is what China is developing now. We need to become innovators and entrepreneurs.

    “What I am trying to say is that we must encourage one another to invest in our own economy to create jobs.

    “We have a good number of educated people; we must use them. We don’t need to buy Okada for our youths because we want them to produce things we can sell to others.”

  • Ganduje to review laws to attract investors

    Ganduje to review laws to attract investors

    Kano State Governor Dr. Abdullahi Umar Ganduje has vowed to create an enabling environment for investors by reviewing relevant laws.

    The state Attorney-General and Commissioner for Justice, Mr. Ibrahim Mukhtar, said the governor has made land acquisition easier for investors.

    He said the governor has created an agency of that deals with and encourage investors.

    According to him, the governor is also improving access to justice through capacity building and appointment of more judges.

    He said: “The governor has made laws to give the investors free land in the state so that they don’t have to pay for all the charges before they have land to build their factories and offices. He gives them tax waivers and all the rest.

    “But you know very well that investors will not come down and invest in any place  if there is no assurance of the rule of law in that particular society. This is because they can invest their money today and somebody from nowhere will just come out tomorrow and take away their investments without recourse to the rule of law. ‘’

    The governor, he said, was constructing over 23 lower courts and had appointed three more High Court judges. He had appointed 24 Sharia Court of Appeal judges.

    Mukhtar said he had received approval from the governor to train more state counsel.

    ‘’We have secured approval to employ 25 more state counsel who we have interviewed and that will give us about 130 lawyers in the state Ministry of Justice. We are also trying to do more in the area of training, recruitment and a lot more.

    “With that number, we are going to start taking over the prosecution of criminal cases from the Police at the lower courts. Already, state counsel are the ones prosecuting before High Courts and other courts of record but at the Magistrates Court, Police prosecutors are the ones prosecuting but we now ready to take over the prosecution of cases by the State Counsel.

    “We made a case for additional offices and the governor has just directed the commissioner for works and housing to build additional block of flats for us in the ministry of justice,’’ he said.

    The commissioner continued: “What we have as a structure is just a two-storey building and with the additional recruitment which we are making, we need additional office structures. He has approved it, they have conducted soil test and are now taking measurements for the building.

    “The government is building additional block for us and the government is also modernising our library to give us a computerised library in the  ministry of Justice. Apart from this, all law practice books both hard copy and virtual books will be there.’’

    ‘’If you look at my age at the Bar, you will know that for a governor to appoint somebody of my age at the Bar as his Attorney-General and Commissioner for Justice, which is not the practice in Nigeria,  it  is an indication that he wants to transform the society for better.

  • Govt working to attract, retain investments in oil  industry, says Osinbajo

    Govt working to attract, retain investments in oil industry, says Osinbajo

    The Federal Government says it is working on reforms and policies to attract and retain investments in the oil and gas industry in view of the increasing competition in attraction of capital into the sector as many African countries have become oil producers.

    The Vice President, Prof. Yemi Osinbajo, stated this yesterday at the 55th Business Anniversary event of the Oil Producers Trade Section (OPTS), an arm of the Lagos Chamber of Commerce and Industry (LCCI) in Lagos.

    Osinbajo highlighted government’s achievements in the oil and gas sector despite the challenges oil price crash posed in the last three years as well as the prevailing issues and what the government is doing.

    He said: “OPTS has a rich heritage of promoting the best interest of the upstream oil and gas sector of the Nigerian economy. It has the largest private sector investment and participant our nation. We all owe you a debt of gratitude for the positive contributions you made through the years.

    “The theme of today’s event “Nigeria: An investor-friendly destination” is in line with government’s plan of transiting to the next chapter of maximizing our resources for the development of our nation.”

    The Vice President highlighting the performance of the oil and gas industry said more than ever, Nigeria needs closer collaboration with OPEC and non-OPEC in curbing oil production. All market sentiments have improved since OPEC and non-OPEC announced output cut.

    He noted that besides oil price slump, Nigeria’s upstream oil and gas industry challenged by the menace of upstream assets vandalism, which reduce production from 2.2 million barrels per day at the beginning of 2016 to all time low of less than a million barrels per day. The situation made upstream players especially the indigenous firms suffer.

    “However, government has embarked on sustainable engagement with stakeholders in the Niger Delta and production has ramped up to 1.8 million barrels per day including condensate. The incremental production being achieved with the peace in the Niger Delta will help the government achieve a pathway towards the implementation of incorporating the Incorporated Joint Ventures (IJVs). The IJV is a new sustainable funding model that will fully take over the funding of the Joint Venture operations with the multinationals as government exits cash calls, the counterpart funding for JV projects deemed unsustainable.”

    He said government will continue to channel more energy in resolving the downstream issues once and for all, thanking the Nigerian National Petroleum Corporation for sustaining steady fuel supply nationwide.

    He commended the achievement Local Content in increasing participation of Nigerians in the oil and gas industry, adding that local participation in the sector has increased by over 140 per cent in 2016 and expressed hope it would even increase further in 2017 and beyond.

    On challenges, he said: “We, however, have challenges in the areas of security and environment, institutional capacity, funding of investments, high industry technical cost, obsolete legislation and fiscal regimes, downstream sector issues and infrastructure constraints. These factors underpin our approach and consideration in reforming and repositioning the oil and gas industry.

    Other speakers include the President, LCCI, Dr Nike Akande, Chairman OPTS and Managing Director, NNPC Group Managing Director, Dr. Maikanti Baru, Shell Petroleum Development Company and Chairman, Shell Companies in Nigeria, Mr. Osagie Okunbor, Managing Director of Total Upstream Nigeria, Nicholas Terraz, Managing Director, Seplat Plc, Austin Avuru, among other.

  • ‘There’s need to attract youths to agric’

    There are business opportunities for youths in agriculture and agribusiness, speakers at the Nigeria Agriculture Awards (NAA) project and essay competition, have said.

    At  the event, which held in Lagos, they said agriculture in other parts of the world is boosted by high-tech technology.

    They noted that the elderly have played an important role in making agriculture Nigeria’s highest earner; that it is now the turn of the youth to  comply with modern trends by using the latest  technology.

    Innovative developments, such as programming, use of high-yielding varieties, application of input and weather forecast compliance, they said, will boost agric.

    According to the Chief Executive Officer, AgroNigeria, Richard-Mark Mbaram,  this is the time for the youth to rise and take their place in the sector.

    He said his organisation was encouraging youths to produce mobile and web-based applications and tools that would help to improve agriculture.

    He praised NAA for its support to the youth , adding that they are key to the value chain.

    He said: “When you have the bulk of farmers and players in the agricultural space at around the age of 60, who  are on their way out, then you have got a challenge on your hand. Yet, you have to feed more people and you realise you have to do something very desperate and here we are desensitising them from joining the agricultural space. We, therefore, decided that we need to bring in a component that has to do with youths.

    “We said we would have two categories – tertiary and secondary. For the tertiary category, we told them to bring themselves into maximum of three by identifying a problem area in agriculture space and proffer solutions to it and give us the timeline their intervention will make headway in the sector. We turned to secondary schools and said, ‘we want you to imaging yourself as the Minister of Agriculture; write an essay and tell us what you would do to develop the sector’ and we got wonderful ideas from these youths.”

    Mbaram commended this year’s World Food Prize Winner, Dr. Akinwunmi Adesina, former Agric minister and president of African Development Bank (AfDB), for his support to NAA .

    Chief Risk Officer, Global Operations, Triton Group, Anil Sodani, said youth involvement in agro-industrial development would foster sustainable economic growth and create jobs.

    Sodani, who expressed the belief that agriculture could lead to huge returns for young people, urged stakeholders and the government to adopt a more systematic approach to support more youths to run their own farms and agribusinesses.

    He challenged governments and financial institutions to prioritise this support through policies, funding and programming — an investment he said will accelerate agricultural growth while addressing food security.

    The Senior Project Manager, Postharvest Loss Alliance for Nutrition (PLAN), Nigeria, Dr. Augustine Okoruwa, highlighted the role of youths in reducing post-harvest losses. The losses represent between  40 and 60 per cent of total harvest.

    He listed poor transportation, drying, storage, pest infestation, disease, and poor market access as the causes.

    He said his organisation was making a headway in its bid to  reduce the losses by  promoting proper packing and processing of perishable  produce among  farmers.

    As part of efforts to proffer solutions to the challenges in the sector, the Central Committee of the NAA  planned the competition to attract younger generation.

    The contest had as theme, “Building a crop of young YoungAgropreneurs,” was aimed at involving youths who would contribute to the development of the agricultural sector.

    Awards were presented to young innovators from various institutions.  Cash awards were presented to three groups that emerged winners in the tertiary category as well as to two students from different schools that emerged winners in the secondary school category.

    In the tertiary category, the overall winner won a star prize of N1 million, second winner N500, 000 while the third winner got N250, 000.

    In the secondary school category, the first prize winner went home with N250, 000 while the second best N150, 000.

    Under the NAA Youth Project Competition category, the winner was Team Smart Farms. The team included Mamud Abdulrasaq, BalogunIdris Abayomi and Yusuf YusufFalawiyo. The  first runner-up was Team Digital. It consists  Ogunbiyi Yusuf Gbenga, Salawu Saheed, and Abiodun Ogundijo.The  second runner-up  was Team UNILAG. The team comprises  AdohTobechukwu, Moses Adeyemo Seun and Bamidele Wilson.

    The winner under the NAA Essay Competition category was Ndebilite Amarachi, while the first runner-up was MarvellousAdelaja.

    MarvellousAdelaja, an SSS 1 student of Jextoban Secondary School, said “My mom encouraged me to go for this competition, as she told me that the money from her catfish business was used to pay my JSS 1 school fees. Moreover, after I was notified as the second winner of this competition, I made up my mind to be an agricultural blogger.”The essay and project competition positively attracted a sizeable number of youths from different parts of the country and was sponsored by Triton Group.

  • ‘I ‘ll attract federal presence to Akure North/South’

    ‘I ‘ll attract federal presence to Akure North/South’

    Afe Olowookere is a member of the House of Representatives from Akure North/South Constituency. In this interview with DAMISI OJO, he speaks about his governorship ambition and other partisan issue.

    Why did you embark on community development projects shortly after the inauguration of the eighth National Assembly?

    I want to appreciate God for the opportunity he has given unto me at this material time to represent the good people of Akure North and South. I also want to say that this rare opportunity is a grace from God. I believe that since it is a grace, you should not misuse it. That is why I decided to commit myself to serving the people, to give back to my constituents, because they gave me the opportunity to represent them.

    There are so many Akure indigenes that are qualified to represent the constituency in the House of Representatives. Since the people has chosen me, they deserve the best from me. They deserve very robust and quality representation. They deserve the good things democracy can offer.

    It is believed that you’re only softening the ground because you have a governorship ambition. What’s your reactionto this?

    Those having the impression that I am doing all the projects because I have a governorship aspiration are wrong. It is unfortunate that our people do not believe that an elected official can serve his people without any ulterior motive. I embarked on the projects without thinking of what to get in return. I do not have any governorship ambition for now. All I’m doing is just to serve my people and to represent them in words and in action.

    I will try my best to attract federal presence to my constituency. I will also use the little resources at my disposal to fulfil our campaign promises. My greatest ambition is to deliver on the mandate that has been given to me by the people.

    What has been your experience so far as a member of the National Assembly?

    So far, it has been interesting, as well as challenging. I am really enjoying it. I was once a member of the Ondo State House of Assembly. We were just 26 there. Comparatively, we have 360 members in the House of Representatives. as such, my experience in the House of Representatives is different from that of the House of Assembly. In the Assembly, you could be recognised whenever you signified or raised your hand to contribute. But, because of the large number of members in the House of Representatives, it is in our standing order that a member cannot speak on an issue more than two times.

    The challenge there is that a serious-minded representative has to get himself prepared for sittings every time. You read your book, you read journals and dailies. It is not a tea party for those who want to make impact.

    What is your assessment of Bola Tinubu’s contribution to the progressive politics in Nigeria, particularly the Southwest?

    Asiwaju Bola Tinubu is a pillar of democracy in Nigeria. In fact, he is a force to be reckoned with. He is godfather of progressive politics in Nigeria today. I have my reasons for having this opinion about him. In 2003, when some of us failed our elections in the Alliance for Democracy, (AD) this man invited all of us to Lagos. All the senatorial, House of Representatives and House of Assembly candidates on the plaform of Alliance for Democracy(AD) in the Southwest.

    Only Lagos State survived the PDP tsunami at that time.Tinubu encouraged us that we should go back to our states and work. He said he would do everything possible within his means to flush PDP out of the Southwest. He vowed to also lead the progressives to win the centre. When you sit down today and reflect on what he told us in 2003, I always say this man is a political wizard. He is a political juggernaut. There is no way to describe him more than that. He put people from Ondo, Osun, Ekiti, Oyo and Ogun into his cabinet. He made some of them commissioners and in 2007. He also sent them back to their various states to wrestle power of the PDP. He matched his words with action; by equipping people financially. He was able to achieve more than half of what he set to achieve in 2003. Today, we’ve seen the reality; Tinubu has led the progressives to capture the centre.

    Buhari had contested the presidency three times. He did not win until Tinubu decided to champion the cause and mobilise the progressives all over the country. Today, the progressives are controlling the centre. Some people may not agree, but to me Tinubu is a leader. He deserves respect from everyone of us. He deserves our loyalty, especially those of us from the Southwest.

    I was  impressed when some of my colleagues from the North were weeping when Femi Gbajabiamila lost the House Speakership election. They said Buhari would not have won the election, if not for Tinubu. And this is a reality. If northerners could appreciate his contribution to the liberation of Nigeria politically today, what stops us from also appreciating him. He is our political father. It is not a matter of age. I will continue to be loyal to him. I will continue to appreciate him. I will continue to respect him. I will continue to learn from his kind of politics.

    How did you feel when you moved your first motion on the first day in the House?

    It was not the first day I moved the motion. It was the third day. But, I made an attempt to raise the motion on the very first day the National Assembly was innaugurated. The practice in the National Assembly is different from that of the State Houses of Assembly. If you want to raise a motion under matter of urgent public importance in the House of Assembly, you don’t need to give it to the Speaker for him to sign. Under motion for adjournment, you can just stand up and raise your motion of urgent public importance.

  • Home made goods yet to attract shoppers

    Home made goods yet to attract shoppers

    Despite efforts to promote made-in-Nigeria goods, most shoppers with eclectic taste, still appear to have insatiable appetite for foreign-made ones, reports TONIA ‘DIYAN

    It is anybody’s guess why most  shoppers prefer foreign-made goods to the ones produced locally. But Femi Akins, an integrated marketing communication expert, offers an explanation.

    According to him, a constellation of factors really do influence consumer buying behaviour for the most part, chief among which is taste.

    Waxing philosophical, Akins said faced with a Hobson’s choice; any shopper would go for what assuage his taste and nothing more.

    Beyond taste, what other factors dictate buying? For the avoidance of doubt and confusion, a short anecdote suffices.

    Placed closely on a supermarket shelf are Mamador, Chrisco and Wesson vegetable oil, My My and Golgate toothpaste, Weetabix, Cabin and Okin biscuit but a shopper like Chiamaka is faced with the dilemma of making choices between our indigenous products and foreign/imported products .

    She, however, wants to know what should inform her choice of grocery when she visits a supermarket. She met a grocery expert and owner of a renowned outfit, the Chief Executive Officer of Delightsome stores in Gbagada Lagos, Mrs. Modupe Shopeju, who educated her on the various factors she should consider whenever she visits a grocery store and need to make choices between local and foreign goods.

    Hear Shopeju’s idea of a good product irrespective of origin. “When an item is well-packed, when it is of a good quality, when it has a good taste, and generally if it can give a consumer value for his/her money such product can pass for a preferred choice always,” she says matter-of-factly.

    Shopeju however, admits that there are some consumers who would choose indigenous products anytime, even if they fall within the same price range with foreign ones, just as she also thinks more people patronise foreign products even if they are three times more expensive than the local ones.

    Having listened to the expert, Chiamaka’s ability to be able to make preferred choices between indigenous goods and foreign goods has improved as she only buys foreign cereals which she believes is of a better quality.

    “Kellogg’s cornflakes taste better than the Milo cornflakes, Nasco flakes and Good Morning flakes. Though more expensive, it gives good value for the money I use in buying it.”

    In his opinion, George Ukwunna, Branch Manager of Apapa Shoprite, believes price is considered as one of the most important factors affecting the consumers’ perception of a product.

    “Once a consumer perceives a price difference between items whether it is local or foreign, price differentials begin to affect their preference for local goods. In other words, if they notice that local items are more expensive than foreign ones, they go for the foreign ones.”

    He added that a high-priced item may be perceived high in quality because of the image created by manufacturers through advertising. Similarly, a global product may be perceived to be of superior quality as quality is believed to be a prerequisite for international acceptance.

    Findings have it that some consumers purchasing pattern depicts their social status. It is believed that people, especially the young ones, consider current fashions and trends while buying a product. And through television, consumers are becoming increasingly aware of the fashions and trends in other parts of the world. Hence, the fashions and trends dictate the preference of some individuals.

    But most people go for international brands rather than local ones. They feel proud when they buy imported items because, to them, it depicts class.

    Apart from just focusing on where the product is from, people consider other factors when buying. It has been noted that consumers are reluctant to buy goods made-in- less-developed countries as they perceive them to be low in quality.

    If a brand is perceived as globally available, consumers are likely to attribute a superior quality to it, because its international acceptance is seen as a sign o f its high quality.

    On one hand, consumers seem to value foreign brands and regard them as a status symbol. But they are often criticised for threatening the local differences leading to a loss of cultural identity.

    Some consumers believe that purchasing local goods promotes patriotism; they, therefore, accuse foreign brands of being a potential threat to a country’s economy and employment level.

    However, it is important to note also that a good item should have some unique proposition to satisfy a consumer needs.

    The attitudes and perceptions of consumers toward their choice of goods sometimes depends on categories, for example, electronic goods from Italy may be perceived as a poor quality but Italian clothing would be perceive as fashionable and high quality. And the Japanese electronic goods would be perceived with positive attitudes while their clothing will be negatively perceived.

    However, patriotic consumers believe that our local companies have a competitive edge over their foreign competitors because they are closer to consumers here and have a better understanding of what people want. They fear that buying foreign products may hinder the growth of local companies in the country.

    The Nation Shopping spoke with some shoppers to find out which product they patronise more and their experience of indigenous products.

    Echoing similar sentiments, Mr. Samson Shoile, said: “The problem with patronising indigenous products is that they are usually over-priced and of inferior quality. For example, furniture makers sell a set of living room chairs for about N250, 000 and above. It’s not as if they are of the best quality, and the finishing is likely to be shabby. If you check a foreign magazine on furniture, you will realise that what they offer for the same price or less is of a better quality. I don’t find this encouraging.”

    Sharing his experience with The Nation Shopping, Mr Alex Ndigwe who resides at Mowe Ibafo, in Ogun State, recalled how a purchase of a local brand item failed to meet his expectation and the lessons therein.

    “I bought a Zinox laptop sometime ago for N80, 000 with very low specifications just because I wanted to buy a made-in-Nigeria product and it didn’t last a year. I could have bought HP or Acer at the same amount with higher specifications. Same with Hitv that is supposed to give Dstv a run for their money; instead it is more expensive with all their crappy stations. It is the same issue with Globacom Nigeria and MTN South Africa,” he said.

    Mrs Esther Aghelibe  said: “If we want our local products to pick up in sales we need to force the issue; ultimately, it falls to the government to set trade tariffs to force the price of imported goods to go up so that buying locally made goods becomes attractive to people. For example, if there is a Nigerian car manufacturer that is not getting patronage, put tariff on importation of cars or parts so that people get to buy these cars.

    “The United States did something like that back in the days when the Japanese manufacturers were dominating the electrical appliances market in the US. Most of our goods are better than all these Chinese products seen in every corner of the country.  It’s just that we already have the mentality of buying imported goods even if it’s not worth it.”

    Mary Obire thinks a good quality product should be durable, reliable and should have good features.

    Each product claims high quality, nutritive content, innovative packaging, value for money, world-class standards and certified by relevant regulatory authorities. So, people have reasons for patronizing a particular brand. For some, it has to do with the taste and flavour if it is something edible, or it could be as a result of the low price attributed to an item. For others, it is the preference for a particular brand as matter of tradition.

    Some traders also spoke with The Nation Shopping. A dealer at Mile 12 Market, Lagos, Mr Musa Danjuma, said: “You know, we traders, are interested in whatever is moving in the market. I sell edibles that are fast moving products regardless of where they are from. I prefer to buy cheap items to sell cheap to my customers. It is a matter of choice.”

  • ‘Reforms ’ll attract investments’

    THE economy will grow in future when agricultural businesses change, the Dean, Faculty of Agriculture,Universityof Ilorin (UNILORIN), Prof Abiodun Adeloye has said.

    Speaking with The Nation, he said the agricultural economy still faces risks. He suggested that reform of policies would improve the environment for farmers.

    To spur growth and limit risks, he said the government needs to restructure the sector with the involvement of the private sector.

    According to him, Nigeria will face short, mid and long-term challenges as the sector regains its lost glory.

    He said revenue from export would depend more on foreign direct investment (FDI) enterprises to stimulate activities in the sector, adding that the support industry, a key factor to raise local production and cut costs, has failed.

    More foreign investments in agriculture will come into the country and the amount of disbursed capital will increase, he said.

    Adeloye said this year’s agro export growth is expected to be maintained or increase compared to last year’s, with significant contributions by local businesses.

    Therefore,Adeloye said the maintenance and restructure of the macro-economy, should be the main focus of the government’s policies,particularly in the sector.

    He urged the government to audit the economy to boost productivity.

    He stressed that effort was needed to accelerate agricultural restructuring to create produce of higher quality, achieve sustainable development.

    He said the agriculture sector in the rural population has not been fully tapped, adding that farmers should form the core of agriculture restructuring.

    Adeloye urged the government to offer more incentives to speed up rural development and business, with a focus on developing farm produce processing, generating jobs and increasing farmers’ incomes.

    He said an increase in investment in rural infrastructure, vocational training, will boost agriculture and suggested that the stakeholders in the sector introduce effective policies and step up the application of scientific and technological advances. According to him, application of biological technology and information technology to agricultural management and rural modernisation are crucial to growth.

    He advised farmers to develop modes of cooperation and links to harmonise their interests, create highly competitive products and increase the quality of products.

     

  • Falseinformation may attract 10-year jail term, says ICPC chair

    Independent Corrupt Practices and Other Related Offences Commission (ICPC) chair, Mr. Ekpo Nta, a laywer, has said false information to the agency by any petitioner could attract 10 years imprisonment

    According to a statement by ICPC’s Head of Media Folu Olamiti, the commission’s chairman made this disclosure while responding to the address by the Executive Secretary of the Petroleum Technology Development Fund (PTDF), Mallam Muntaka Rabe Dama, who led the management and the Anti-Corruption and Transparent Unit (ACTU) of the agency on a courtesy visit to ICPC headquarters in Abuja.

    The statement said the ICPC chairman agreed with the views of the Executive Secretary about the destabilising effect of incessant invitation of busy Chief Executives and staff of government departments to anti-graft agencies as a result of numerous petitions.

    Nta said several man-hours were often wasted in the course of coming to answer questions and it might take several months to investigate a petition.

    He said: “At the end of the day it is most demoralising to all parties when you discover that the petition was sent with malicious intent.