Tag: Dr. Frank Udemba Jacobs

  • Manufacturers canvass protection for products

    Despite the Economic Community of West African States (ECOWAS) trade liberalisation policy and other conventions to ensure free trade in the sub-region, there is a need for Nigeria to protect products.

    Manufacturers Association of Nigeria (MAN) President Dr. Frank Udemba Jacobs canvassed this position at the unveiling of Oxytocin injection manufactured by an indigenous pharmaceutical firm, Juhel Nigeria Limited, which he described as the first of its kind in Africa.

    He said the country owed it to itself to protect exclusive industries producing products that have intrinsic quality, irrespective of ECOWAS conventions, such as the Common External Tariff (CET) and the African Continental Free Trade Area (AfCFTA) agreement. He said this was necessary to protect jobs and grow the economy.

    Noting the high rate of maternal mortality in the country, which the World Health Organisation (WHO) said was the fourth-highest globally, Jacobs said the drug Oxytocin and magnesium sulphate were to deal with it. He called on policymakers, regulatory bodies and financial institutions to support the company to preserve lives.

    Juhel Nigeria Limited Chief Executive Officer (CEO) Dr. Ifeanyi Okoye regretted that Nigeria has assumed the unenviable position of fourth highest maternal death rate in the world, accounting for 19 per cent of 830 global maternal deaths daily.

    He said Oxytocin was a safe and potent drug to treat Post-Partum Hemorrhage (PPH). He regretted that despite the availability of imported varieties, the rate and frequency of PPH and, consequently,  maternal deaths were still very high.

    Okoye said a study by the United States Agency for International Development (USAID), United States Pharmacopeia (USP), and National Agency for Food, Drugs Administration and Control (NAFDAC), carried out in 2016, indicated that 74.2 per cent of Oxytocin in circulation failed quality laboratory evaluation.

    Of every four imported brands, Okoye said three were fake. He said the high rate of sub-standardisation was as a result of the imported brands not having the right or stated amount of Active Pharmaceutical ingredient (API) or transported and distributed under unfavorable conditions.

    He said: “Some of the imported brands, overtime, cannot have their quality sustained because Oxytocin injection, which must be stored between two and eight degrees Celsius, may be exposed to negative conditions at the point of entry.

    “Furthermore, lack of manpower by exporting companies to monitor post sales activities can only ensue gradual loss of potency and degradation.”

    He pledged his company’s preparedness to check the cloning of its products. Also, the company, he said, has in place criteria for supplying to teaching hospitals and distributors. One of the criteria is that there must be storage facility and chillers that meet international standards. He said the company has the capacity to produce for the sub-region.

    NAtional Agency for Food and Drug Administration and Control (NAFDAC) Director-General Prof Moji Christiana Adeyeye said the agency had carried out market surveys to ensure that there was no fake Oxytocin in the market. He noted that whenever there was infringement, NAFDAC would evacuate and destroy such to protect the lives.

    MAN Pharmaceutical Group Chairman, Dr. Okechukwu Akpa, called for medicine security, warning on the dangers of unbridled importation especially of pharmaceutical products into the country.

    He said that a lot of challenges are encountered in product handling and storage and called on the government to come out with a protectionist policy and financing for indigenous manufacturing.

    A renowned gynaecologist and obstetrician, Professor Osato F. Giwa-Osagie, commended the company for the feat in reducing maternal mortality through their novel product.

    He urged NAFDAC and other relevant government agencies, including pharmacists, to protect indigenous pharmaceutical manufacturers from merchants of fake and adulterated pharmaceuticals.

    Giwa-Osagie said: NAFDAC and pharmacists should go round and pick the fake alternatives from chemists by evaluation and supervision including on the spot check of  the products.”

  • Alaghodaro Summit: Edo fine-tunes strategy to become manufacturing hub

    Alaghodaro Summit: Edo fine-tunes strategy to become manufacturing hub

    With just two days to the kick-off of the maiden edition of Alaghodaro Investment Summit, organisers have said the session on manufacturing at the event will crystalise ongoing plans to re-invent Edo State as the manufacturing hub in Southern Nigeria.

    They said that the plans are embedded in the Benin Industrial Park (BIP) project, which ground-breaking will hold on November 11, at Ikpoba Okha Local Government Area, and is expected to house major manufacturing activities in the state.

    A session on healthcare at the summit is expected to rethink healthcare-as-a-business versus healthcare-as-a-public service, to deliver Universal Health Care in the state, which is to be led by the Minister of State for Health, Dr. Osagie Ehanire.

    In a statement Tuesday, the state government said that preparations are in top gear for the investment summit, which holds from November 10 to 12, at Edo Hotels, Okada Avenue, Benin City.

    The state said the discussions on manufacturing, which will be led by the Chief Executive Officer (CEO) of the Nigeria Sovereign Investment Authority (NSIA), will be focused on identifying the policies and reforms required to strengthen the manufacturing sector as well as changes in policy and practices that are required to aggressively stimulate effective backward integration especially in the manufacturing and extractive sectors.

    According to them, “with huge deposits of natural resources and a growing agricultural sector which could provide input for the manufacturing sector, Edo State is rightly positioned to become a manufacturing hub in the southern part of the country. Effective government policies and reforms are required to attract huge investments into the state’s manufacturing sector, strengthen backward linkages within the sector and ensure the production of quality outputs in a competitive manner.”

    The session will be moderated by the President of Manufacturers Association of Nigeria (MAN), Dr. Frank Udemba Jacobs, while the panellists include Chairman, BUA Group, Abdulsamad Rabiu; Director General of the Nigeria Export Promotion Council (NEPC), Olusegun Awolowo; Representative of Guinness Nigeria Plc., Mojisola Akpata; Dr. Joseph Makoju of Dangote Group; Ayobambo Kunle Salami of International Finance Corporation (IFC) and Managing Director (MD), Coca-Cola, Ekuma Eze.

    The statement noted that the session on healthcare will “explore the funding mix for the Edo Health Sector. It will unveil opportunities for leveraging technology and movable collateral register to expand access to capital, creating incentives for equity finance, deepening coverage through health micro-insurance, convergence with other verticals, developing health Credit guarantees.”

    The session will be moderated by the former Chief Medical Director (CMD), University of Benin Teaching Hospital (UBTH), Prof. Michael Ibadin, and have panellists which include, Dr. B. R. Shetty of NMC; Osarumen Cole of MobiCure; Rev. Fr. Anselm Adodo of Pax Herbal; Chinedo Ugwu-Chinwuba of General Electric Health; Dr. Johnny Ikimalo of Prime Hospital and Dr. Otabor Christopher of Alliance Hospital, Abuja.

  • Effective border control will promote Made-In-Nigeria goods – Osinbajo

    Effective border control will promote Made-In-Nigeria goods – Osinbajo

    …Seeks stringent penalties against smuggling

     

    Vice President Yemi Osinbajo on Thursday said that the Federal Government is partnering with neighbouring countries to ensure that Nigeria’s porous borders are better policed to tackle smuggling and the influx of counterfeit products into the country.

    Prof. Osinbajo said that this will further promote the patronage of Made-in-Nigeria products and boost the country’s manufacturing sector.

    He made the remark when a delegation of the Manufacturers Association of Nigeria (MAN) paid him a visit at the Presidential Villa, Abuja.

    MAN, led by its President, Dr. Frank Udemba Jacobs, presented the Vice President a report on its advocacy campaign for patronage of Made-in-Nigeria products.

    Speaking further on the issue of checking smuggling and counterfeit products, the Vice President said certain sections of the laws should be amended to attract stringent monetary penalties for defaulters, which would serve as deterrent and also to protect the quality of goods in the country.

    Osinbajo, in a statement by the Senior Special Assistant on Media and publicity, Laolu Akande, said “More importantly, the whole issue is that we are able to police the borders. Last week we had discussions with all the agencies connected; including the Customs, the Minister of Internal Affairs, NPA, and we were looking at how we can work with our neighbours, especially the Benin Republic, and our neighbours also in the North, to police our borders as much as we can,”

    The Vice President reiterated that the major focus of the Buhari’s administration’s Ease of Doing Business reforms was to increasing patronage for locally manufactured goods, as well as to create an enabling environment for the private sector and businesses in the country to thrive.

    He said, “The whole point of the Executive Order on promoting “Made-in-Nigeria” products was to set the ball rolling, to create an environment for this sort of initiative, and I am extremely grateful to MAN for the work that it has done in bringing this to the fore.”

    The Vice President noted that the Federal Government will consider the request made by the association for a 35 per cent margin of preference for Made-in-Nigeria products for government procurement.

    “I think that, in this particular case, the 35 per cent threshold is entirely reasonable. We should be able to do better than that in terms of driving government procurement,” Prof Osinbajo said, adding that the country has a huge market for locally manufactured products, especially in the textile and footwear industries. He further said that government has ordered some of these products for the military and other uniformed agencies of government

    Speaking earlier, the President of MAN noted that the association’s advocacy campaign was not only aimed at improving the patronage of locally manufactured products by Nigerians, but to also help create more jobs for Nigerians in the local manufacturing sector by reducing imports.

  • Manufacturers urge Agric Minister to rescind ban on raw material

    Manufacturers urge Agric Minister to rescind ban on raw material

    Investors and members of the Manufacturers Association of Nigeria (MAN) in the agricultural sector have called on the Minister of Agriculture, Chief Audu Ogbe to help in the reversal of forex policy by the Central Bank of Nigeria (CBN).

    The forex policy of the CBN included one of MAN’s most important raw materials, Crude Palm Oil (CPO) on the ‘not valid for forex’ list.

    Recently, President of the Manufacturers Association of Nigeria (MAN), Dr. Frank Udemba Jacobs said that forex should be made available for genuine manufacturers that use CPO as a major raw material for production of end goods such as noodles, biscuits, cosmetics, etc.

    According to him, this decision by the apex Bank has threatened the existence of several manufacturing companies who rely heavily on Crude palm oil as a major raw material for production.

    “These companies have invested heavily in plants and machinery worth several billions of dollars in the country and what the CBN is indirectly telling them is that it could not be bothered with the challenges this policy is posing to our members,” Jacobs noted.

    The manufacturers’ chief further revealed that these companies have been involved in the agricultural sector of the nation’s economy as part of their backward integration program, thereby creating more jobs and strengthening Nigeria’s ability to be self-sufficient in food, beverage and cosmetic production.

    Dr Jacobs commended the present administration for its efforts in trying to revolutionalise local industries through this policy; but stressed that there are certain indices that must be taken into consideration before full implementation of such policy.

    He explained that while the policy is a welcomed development, there should be no sudden obstruction to importation of the raw material that is needed for local production, especially when demand for such material cannot be met locally.

    According to Index Mundi, a data portal, the domestic palm oil produced in Nigeria equaled 930,000 MT in 2014. The consumption of palm oil in Nigeria amounts to 2.0 million MT per annum.

    The official figures states that the shortage in oil palm industry is estimated to be around 900,000 MT annually. This poses a very precarious situation for the manufacturing sector that depends largely on CPO as a major source of raw material.

    If this shortage is not filled with importation of high quality food grade palm oil, the economy will lose further investment in the manufacturing sector as companies would be forced to shut down and relocate their business outside the country, like it happened in the past.

    It is pertinent to note that 90.0% of crude palm oil is consumed by the food industry and the remaining 10.0% is used by the non-food industry. Food products like noodles, biscuits, vegetable oil, margarines, cereals and bakeries, depend on CPO as raw material.

    The Noodles industry alone consumes 72,000 MT of imported palm oil and the leading, domestic palm oil producers cannot meet this demand. Nigeria today produces only 1.7% of the world’s consumption of crude palm oil, which is insufficient to meet its domestic consumption that stands at 2.7% and likely to increase in coming years.

    Jacobs explained that for Nigeria to meet the shortfall in local usage of crude palm oil and be self sufficient, Nigeria needs a total plantation of 300,000 hectares of land, which presently is not available.

    He emphasized that backward integration program is a long and gradual process, and most of the major users of CPO have already embarked on huge investment in plantations across the country.

    Palm plantations takes time to come to full maturity before it can be harvested and while this process is ongoing, there must not be a total shutdown of the plants due to inability to access forex to purchase high grade CPO from foreign markets.

  • Buhari may review economic policies before 2016 Budget

    Buhari may review economic policies before 2016 Budget

    President Muhammadu Buhari on Monday declared that he will gladly reverse or abandon some inherited economic policies if it will lead to creation of more jobs for Nigerians.

    He made the remark during a meeting with Executive Members of the Manufacturers Association of Nigeria (MAN) at the Presidential Villa, Abuja.

    President Buhari also directed the Ministries of Industries, Trade and Investment, and Finance, and the Central Bank of Nigeria and other relevant government agencies to evolve new policies to boost domestic manufacturing before next year’s budget.

    The President in a statement issued by his Special Adviser on Media and Publicity, Femi Adesina, said: “We are in difficult times economically, but we’ll continue to do our best for manufacturing to pick up. We must begin to behave as if we have no oil at all.

    “We will gladly have policy somersaults, if it will mean more jobs, particularly for youths. I campaigned on three major planks. To effectively secure our country, provide employment through revamping of the economy, and wage a relentless war against corruption. I intend to keep faith with these promises.”

    He lamented that the textile industry that employed about 320,000 people in the past now only parades about 30,000.

    “It shows the carelessness of past governments, if almost 300,000 people lose jobs in a single sector. We have a clear idea of how we can stimulate employment and we will work very hard to do so,” President Buhari told the MAN delegation.

    The MAN President, Dr. Frank Udemba Jacobs, had appealed for a review of policies that stifle the manufacturing sector, noting that the importance of a robust manufacturing sector for the general well-being of the economy cannot be over-emphasized.