Tag: economic

  • ‘Standardisation key to economic diversification’

    •Urges SONCAP managers on professionalism

    The Secretary to the Government of the Federation, Mr Babachir Lawal, has reiterated the central role of standards and quality assurance in the nation’s efforts to diversify its   economy   from   oil   to   other   areas   such   as   agriculture and   solid minerals for local consumption and export.

    Speaking in Abuja during a visit of the Director-General of the Standards Organisation of Nigeria (SON), Mr. Osita Aboloma, to the SGF in his office, Lawal said    SON’s   mandate to promote   standardisation   and   quality assurance activities in Nigeria are key to the nation’s diversification efforts, particularly with regard to the international acceptance of the country’s produce and other export commodities and products.

    Lawal said standards remain a key benchmark for facilitating trade and investment activities among nations. He enjoined the SON DG to work closer with all relevant   ministries   and   agencies   of   government   as   well   as   stakeholders   in   the organised private sector to reverse the trend of rejection of Nigeria’s produce export.

    The SGF also reiterated the full backing of the Federal Government for the fight against the influx and circulation of substandard products  in markets being  championed  by the  SON.

    He called for the support of the citizenry in the government’s fight against corruption in all facets of the nation’s life.

    In his response, the SON Director-General expressed appreciation to  President   Muhammadu Buhari through  the SGF   for  the   confidence  reposed   in  him  to   take   the SON to the next level by his appointment.

    He promised to deploy all available resources to reposition the organisation towards delivering on its core mandate.

    Aboloma assured the SGF of his preparedness to intensify the collaboration and synergy with other stakeholders in driving the success of the economic diversification efforts,  as   well   the   fight   against   the   circulation   of   substandard   products   through diligent prosecution of offenders.

    Also, Aboloma has urged the Independent Accredited Firms (IAFs), managers of SON off shore Conformity Assessment Program (SONCAP) to live up to expectations of Nigerians in the inspection of goods coming into the country.

    The SON chief who gave the charge at a meeting with the program managers in Abuja, said part of the mandate given to the managers, is to ensure that only tested and certified products are allowed into the country, saying anything less will not be accepted by SON and Nigerians.

    He said, “The Independent Accredited Firms made up of INTERTEK, SGS, COTECNA and CCIC were told that the diversification of the Nigerian economy has brought a lot to bear on the SON in the development of the non-oil sector, particularly in the area of agriculture and industry.

    “You have to do all within the mandate given to you by SON to ensure that Nigerian businesses are protected from the menace of substandard products from overseas. The issue of quality should be taken seriously, Quality increases income and affect the lives of the people including health.”

    Aboloma said the interest of Nigerians should be first above  every other interest, saying the change begins with me mantra of the federal government should be effective in us all.”

    The Director General noted that change and improvement are synonymous, adding that for any system to change, it must not be rigid, there must be room for constructive criticism for the system to move forward.

     

  • Alaafin seeks cultural rebirth for economic development

    Alaafin seeks cultural rebirth for economic development

    Modern lifestyles and technological advancement have combined to undermine the sense of identity that people had in the past. The need to be identified with one form of culture or the other has continued to propel many who feel “lost” or “rootless” to engage in a search for their ancestral heritage. BODE DUROJAIYE reports that the Alaafin of Oyo, Oba Lamidi Olayiwola Adeyemi 111, at this year’s Aje Festival in Badagry, Lagos State, stressed the need for government to evolve policies that would enhance cultural rebirth for economic development.

    Culture gatekeepers have said that if individuals and communities are to flourish, they must have a sense of identity and of their history. These are what their culture could give them.

    But sadly, it seems that the way the world is developing deprives individuals and nations of their culture, their roots.

    In the industrialised countries, modern lifestyle has continued to undermine the sense of identity that people had in the past. More and more people are feeling lost or rootless. The search for cultural and historical roots has recently become something of a trend in some developed and developing countries; but the need is a genuine one.

    It was on the basis of this that the Alaafin of Oyo, Oba Lamidi Olayiwola Adeyemi 111, has called on the three tiers of government to evolve policies and programmes that would enhance cultural rebirth to enable it to play fundamental role in the country’s economic development.

    Describing culture as a way of life or total behavioural patterns and beliefs of a people which are communicated from generation to generation, the monarch also stressed the need for people to identify with their respective cultures. He urged government to recognise specific contributions that culture could make towards the nation’s overall development, saying that contributions of culture as a sub-sector of the economy could be either tangible or intangible; which comprises heritage, cultural and creative industries as well as cultural infrastructure. These, Oba Adeyemi 111, said, have helped in achieving sustainable economic developments such as poverty alleviation, social inclusion and environmental sustainability.

    Oba Adeyemi spoke at this year’s Aje Festival held in Badagry, Lagos State.

    This year’s festival was in commemoration of the International Day for the Remembrance of the Infamous Trans-Atlantic Slave Trade and its Abolition.

    He said: “The tourism sector has become one of the world’s fastest growing economic sectors. Gross worldwide tourism receipts grew at an average rate of 7 per cent from 1998 to 2008, with 12 per cent for the least developed countries for the same period.

    “Cultural tourism-that relies on tangible and intangible cultural assets-accounts for 40 per cent of world’s tourism revenues. Investment in culture and creativity has proven an excellent means of revitalising the economy of cities.

    “Today, many cities use cultural heritage and cultural events and institutions to improve their image, stimulate urban development and attract visitors as well as investments.”

    “Most middle-income countries,” Alaafin continued, “are developing vibrant culture sectors and initiatives and request assistance in this area. Culture-led development also includes a range of non-monetised benefits, such as greater social inclusiveness and rootedness, resilience, innovation, creativity and entrepreneurship for individuals and communities and the use of local resources, skills, and knowledge.

    “Respecting and supporting cultural expressions contribute to strengthening the social capital of a community and fosters trust in public institutions. Cultural factors also influence lifestyles, individual behaviour, consumption patterns, values related to environmental stewardship and our interaction with the natural environment.

    “Local and indigenous knowledge systems and environmental management practices provide valuable insight and tools for tackling ecological challenges, preventing biodiversity loss, reducing land degradation and mitigating the effects of climate change.”

    Alaafin further said that cultural and creative industries represent one of the most rapidly expanding sectors in the global economy with a growth rate of 17.6 per cent in the Middle East, 13.9 per cent in Africa, 11.9 per cent in South America, 9.7 per cent in Asia, 6.9 per cent in Oceania and 4.3 per cent in North and Central America.

    “Promoting this sector requires limited capital investment, involves low entry barriers and can have a direct impact on vulnerable populations, including women.

  • Teachers celebrate amid economic gloom

    This year’s World Teachers’ Day celebration was low keyed nationwide. The reason was not far-fetched.

    Twenty-eight state governemnts are owing their workers salaries. Of this number, teachers appear to be worst hit, indicating that they feel the bite of the economic recession more than other civil servants.

    At the yearly event held globally on Wednesday October 5, the Nigerian Union of Teachers (NUT) urged the government to reconsider its stance on teachers.

    It called on members to use this year’s occasion for sober reflection,  urging authorities to invite stakeholders to discuss how to wriggle out of the recession.

    “This (economic) recession is not only affecting our members but Nigerians as a whole,’’ NUT National President Michaal Alogba Olukoya, said.

    “We need to sit with the government, discuss economic diversification and also change our curriculum to meet the enormity of the economic demands in our country.

    “By now, we should be looking at where our army of unemployed graduates should function appropriately to enhance their economic usefulness. We should also borrow a leaf from countries that did it and succeeded in the past,” Olukoya added.

    In many states however, the Day was celebrated with mixed feelings.

    NUT Chairman in Niger State, Comrade Ibrahim Umar, lamented  the irregular payment of teachers’ salaries and allowances in the state, adding that this had literally turned his colleagues to beggars.

    He said: “It is very demoralising, unfair and unjust to allow teachers, particularly at the primary school level stay for two to four months without salaries. Teachers, who are known to be pacesetters and models, have been compelled to become unceremonious beggars and most neglected species within the family of civil service, a position they don’t deserve.”

    He continued: “The implication of this trend and its attendant consequences is greatly affecting the morale of our esteemed members and indeed the growth and development of our education system.”

    In his address, the state Head of Service, Alhaji Sule Yabagi, acknowledged that teachers’ morale had dropped considerably. Nonetheless, Yabagi assured that the administration was doing everything within its powers to improve the lives of teachers and the education sector. He praised the union for maintaining industrial peace, soliciting more cooperation with the government.

    Although celebration was also low key in Lagos, teachers were happy that the state government had paid their salaries to date.

    NUT Chairman, Lagos State, Otunba Adesegun Raheem, urged the government to appoint primary school teachers as headmaster-general on grade level 17 like their secondary schools counterparts. Raheem, who decried the shortage of primary school teachers in Lagos, thanked the government for recruiting 1000 primary school teachers recently.

    Further, he canvassed the extension of the Eko Education Project to primary schools.

    ”The primary school is the foundation that ought to be laid before we put the secondary superstructure,” he said.

    Raheem urged the government to increase grants to schools. ‘’The underfunding to basic schools is so regrettable that head teachers spend their money to buy stationery, recharge cards and treat injured pupils, among others,’’ he explained.

    Similarly, Raheem wants some abrograted allowances restored by the government. These, he said, included sports, riverine, science, hostel, rural, and duty post allowances, among others.

    He advised his colleagues to register with theTeachers’ Registration Council of Nigeria (TRCN) and stay away from any act of misconduct.

    Chairman of NUT Amuwo Odofin in Lagos, Adewale Adeyemi Ezekiel, said celebrating Teachers Day in the zone was to make about 1200 of their members feel the union’s pulse.

    “After the day (at the state level), we want to come back to our level at this chapter and make our teachers happy. We are their servants and we want them to feel us.

    ‘’We are having a fair deal as our governor has been doing wonders in the prompt payment of our salaries. When you look around, you discover that about 28 states nationwide are yet to pay salaries. But in Lagos, we received our salaries at least by 22nd or 23rd of every month.

    ‘’So, we are sharing the feelings of other states unable to pay to draw government’s attention to the plight of our colleagues in other states.’’

    Corroborating Ezekiel, the Publicity Secretary, All Nigeria Conference of Principals of Secondary Schools (ANCOPPS) Mr Ademola Omotayo, lamented the plight of his colleagues in other states.

    “You must have heard of how governments are treating our teachers in other states. We are lucky because here (Lagos), we enjoy pecks, such as teachers’ bus. The educational districts also bring us close to authorities; by so doing, we would get more commitment by teachers towards their work in appreciation to government that has done them so well.’’

    The union branch secretary Adekoya Adebayo and Chairman,  Association of Primary School Head teachers Amuwo Odofin axis, Messrs Adekoya Adebayo and Saheed Adekunle, sought improved training for teachers.

    “Some of our colleagues still don’t have the basic qualification. So, we need to have the experience,” the duo said. They also admonished defaulting states to pay outstanding salaries and provide instructional materials to make teaching and learning easier.

    Lagos State Commissioner for Women Affairs and Poverty Alleviation (WAPA), Lola Akande, spoke on teachers’ role during a similar event by the Ikeja chapter of NUT.

    She said: “Teachers play a vital role in our daily lives. They are not only a means of implementing education goals but are key players in sustainability and national capacity in achieving learning and moulding the society through basic knowledge, values and ethics. Teachers continue to face challenges brought about by staff shortages, poor training and low status.”

     

  • Economic recession is an opportunity to explore agriculture -Landmark varsity V-C Aize Obayan

    Economic recession is an opportunity to explore agriculture -Landmark varsity V-C Aize Obayan

    The Founder of Living Faith Church Worldwide, Bishop David Oyedepo, clocked 62 penultimate Tuesday.  Landmark University (LMU), Omu Aran, Kawara State, which Oyedepo established in 2011, embarked on the distribution of education materials in schools in Omu Aran neinbouhoods as a sign of the founder’s large heart. In this interview with ADEGUNLE OLUGBAMILA, the Vice Chancellor of LMU, Prof Aize Obayan, speaks extensively on the founder’s vision for LMU and how the university is living the vision in its five years of existence. Excerpts: 

    vc1Despite government’s lack of commitment or regard for agricultural development, what has stoked the fire in the founder’s quest for agrarian revolution through Landmark University?

    I will describe the drive as a visionary thrust in the sense that the black man has for too long been equated with lack, poverty and everything that will place him at the mercy of donor countries. Africa and Nigeria in particular have been blessed with enormous resources, but this has not translated to wealth.

    We have seen it with our (black) gold. We have the crude that we refine and sell abroad, but the price of our black gold is determined outside of us.  We are disempowered.

    Nigeria is blessed with arable land. Anytime I travel around, I see massive sprawling land filled with grass, weed and wild plants. When you travel abroad, it is the opposite. This cannot continue to be so. It is not in line with the vision of Landmark University.

    Going back to 2011 groundbreaking day when Landmark foundation stone was laid, what the Chancellor stated then was that God asked him to drive the pursuit of an agrarian revolution in addition to running various programmes in the university. However, with the natural endowment, it’s about what Landmark is able to do in ensuring that nobody goes hungry. God has endowed us with land, so we do not have to perceive everywhere as bush. So Landmark is able to build capacity through courses, research and product development.

    So how did the founder derive the vision?

    Before he started, he thought of countries that were doing this and Israel came to mind. So some academic board members and the Council that was in place at the inception of LMU were made to visit Israel to see how much land they have despite that it’s a desert area. Interestingly, Israel has been one of the largest food exporters till today.

    A hungry man is not a dignified man. So we cannot talk of a dignified people if their basic needs are not being met. Government is not doing enough in feeding her people well, but we believe no Nigerian should go hungry. With our natural endowment, people should not be seen rummaging dustbin for food

    Could you shed light on the innovations with which Landmark is operating agriculture?

    We are not conservative. It’s not about the way our forefathers tilled the ground. For instance, we look at how a production engineer can conceive developing products that will help us have better yields. How can Agricultural Science laboratories test the soil to know that it will grow well? Are we able to know what are indigenous in our immediate environment? How we can impact this on the local farmers so that mindset and practices also change? Are we able to raise the next generation of leaders who will be agric practitioners? Many of our young persons equate going into agriculture with implements that will make them look like menial workers. It doesn’t have to be so. We are talking about new vistas in agricultural practice.

    Why does Landmark insist both students and workers must own and operate a farmland on the campus?

    Simple! The founder believes that Nigeria is so blessed with land and if everybody should have a small farmland at the back of his house, then you are able to grow your own lettuce, cucumber, vegetables and all that, thereby you don’t even need to rely on what is taken to the market. Once that is achieved, there will be a glut and prices of foodstuff will be forced to come down in the market. We are then able to be sufficient in food and securing the future in such a way that food security is something that is achievable.

    This is also tied to ensuring we have a robust and healthy population which also forms a segment of the Total Man Concept that we inculcate in our students here. Another thing that drives the Founder is that right from here (Landmark) Nigeria is able to grow her own food without waiting for what is important.  The Founder believes God has endowed every nation with what is indigenous to them.

    We don’t need to import turkey and chicken because those things that they need to nurture them are available here. Some of these imported items had been preserved with chemicals and their consumption by us brings in more diseases that are never associated with us in this part of the world. But by the time we produce such things here, based on our understanding of the kind of soil and the ecosystem, makes the value chain a lot easier as we do not need to go into preservation.

    What is the mode of agricultural practice in Landmark?

    Every student in Landmark is involved in agricultural practice regardless of their discipline. Every staff is also involved.  For instance, I have my own farm not very far from where I live. As a leader, I also must show the proof of my engagement with the vision. I grow tomatoes, garden eggs, carrots, vegetables, maize and okra. It might interest you that for about a year, I have not gone to the market to buy okra. The okra I grow is fresh with no chemical fertiliser.

    The beauty of being with nature and of planting things and being able to grow can sometimes be awesome. When tomatoes were expensive, I was harvesting the ones in my farm and it could sustain me. The Fadama rice that we planted in September last year, we began to harvest it by November and we sold a lot during the Yuletide. And from one hectare, which initially is a project from teaching and research farm, we have expanded across the university gate to two hectares. The Commercial Farm, which is quite a large area, has also taken off.

    This year, we are sure we will have a lot of rice. This year is very encouraging as we embark on our Marketgelism project. This simply means marketing products from Landmark, and it is not just left to chance. We are looking to see how our students understand that beyond planting and harvesting, the marketing and packaging are also there. So we are talking about the entire value chain in agricultural entrepreneurs.

    In another instance, we have a cassava processing plant. It is not about planting cassava, but how you process it. How do you conduct research to know which of the varieties has more starch, quick yielding or do well around here? And how do we bring in out grower to sustain it? With that, we are also impacting on the rural development. So the Agric Extension and Rural Development programme in the College of Agricultural Science of LMU is already reaching out to local farmers who will be trained. We will get our cuttings and that way, they sell back to us because we are in control of the varieties that we want.

    We are also encouraging faculties as well if they can farm on the faculty’s expanse of land. Acquisition of land by Landmark is still ongoing. We have a massive long term plan beyond here. We have a large expanse of land at Eleyin just as you drive out of Omu-Aran. Landmark has also acquired another land in Agbonda. But beyond that, we are also focusing on skill acquisition for local farmers and training is part of it.

    What are some of the contributions Landmark is making to the development of its host community?

    There is this research project on chicken genetics. It’s an African project and one of our faculties won an award to be involved in that. They will get special breed of chicken and find a local community to distribute these chickens to. That way, they are able to engage the communities in raising chickens that are indigenous to this environment. That way, they are able to raise their own and we let them know what to feed them so they can get returns from whatever they have invested.

    The Agbonda project is to be able to look at history of farm settlement. The Eleyin Project is to see how farm settlement can evolve so that when  these farm settlements evolve, they can keep these persons on the farm, so that community health centres and schools for children of these farmers, including other facilities, will come up and automatically make those areas self sufficient.

    There have been infiltrations of Fulani herdsmen in farmlands across certain areas. What is the university doing to guard against this?

    It is simple. We make them (Fulani herdsmen) see themselves as stakeholders by involving them. When you know that someone could be a part of a problem, you bring him in and make him a part of the solutions. So rather than moaning that they are a challenge, we have taken them as a part of the entire work. We are also looking at how to bring them on board so they can look beyond the grazing to having a ranch.

    Cows that do well in terms of dairy are the ones fed fat. We don’t have to rear cattle that are grazing and going several kilometres. That does not really lead to quantity, yield and care that you expect from these animals when compared to the very robust ones from Australia. If they get them (herdsmen) a ranch fortified with hay and straw fortified with vitamins, that might be a new beginning.

    It’s about intentional effort in terms of doing it differently. It’s about letting these people see that more can be got in terms of what they have always had, and getting them to understand that nobody is taking what they have from them; and ensuring that you secure their trust. So far, we have ensured a peaceful co-existence among these people.

    Landmark University had its third convocation in August. So far what are the feedbacks from past graduates?

    The feedbacks have been quite encouraging. A good number of them have created their own jobs. Some have started their own farms. We have a number of them willing to take up appointments here, particularly those with first class degrees.

    We heard that the director Aerospace institute National Space Research and Development Agency (NASDRA) recently visited Landmark, and how joyful and validating it is to see that one of our students is really doing well there. Besides, NASDRA is looking at how they can open up the place for more of our graduates who we fondly call pathfinders.

    As at today, we have graduated up to 1,555, and it appears that many of them have been able to get into paid employment. Some of them wish to come back for their post graduate programmes, even though we have not yet started. But we are in touch with the National Universities Commission over that.

    We are also in touch with employers. The alumni body of Landmark has just been instituted, even though we have only had three sets of graduates. They are very much involved in what is happening here. Some of them were here during the last convocation. Management has also worked out regular meetings with the alumni base. Management also plans to set up alumni office so as to engage and keep them abreast of what is happening here. The management engaged some of them during the 62nd birthday of the founder.  They were part of all the things we did.

    Recently, we recruited some of them. One of our first class graduates, Esan, is returning to his Civil Engineering as an Assistant Lecturer.

    Your sister institution, Covenant University, places priority on leadership training of its students. Is the tradition replicated here?

    That will always be with any arm of education mandate of the Living Faith Church Commission. There is this mindset of going out to take charge. So whatever you have seen in Covenant University is being replicated here and is very much entrenched in the overall curriculum.

    For example, it is embedded in our Total Man Concept, ditto for the expectations we have of every student. We see every student as being raised to go out and be a global leader, and not only in the Nigerian context. We also have regular charges from the Chancellor and management investing heavily in regular orientation programmes and ensuring that beyond certificates, students understand how to apply that which they have learned.

    From a spiritual perspective, we charge them to be the light of the world and salt of the earth. It is about raising men and women of impact and being clear about the purpose of their lives and what calling they are responding to. Interestingly, just like CU, the Landmark curriculum is to engage you towards what God is calling you to do.

    When you talk, you hardly mention challenges. Does it mean that there are no encumbrances at all?

    We set our goals and this is part of our being able to drive the vision. As part of that programme, one is in touch with regards to what one calls first feels. I do believe that challenges are part and parcel of the entire package. Challenges are meant to be overcome, and the mindset of a leader is the ability to discover problems and solve them rather than bemoan them. With that mindset, you have the overcomer mentality. Such challenges therefore become a springboard.

    As challenges come, we identify and address them immediately. At the end of the day, you find out they are simply not there anymore.

    We anticipate and second guess largely what could be challenges. For instance, it is obvious many youths today hardly express interest in agriculture because of who will employ them when they graduate? Many are waiting for government jobs but nobody thinks that they can go out there, get their own products and be a part of the value chain in terms of the entire process.

    So what did we do? We sat down and rolled out 50 per cent rebate from the proprietor base and recently 100 per cent full scholarship for the very best that meets certain grade points. That way, we get the very serious ones going into a sector that is not highly subscribed; and then you are also helping to cover up tracks in terms of shortfall in persons.

    Besides, there is a lot the private investors can do because government cannot do everything. We all know that at present, the economic is in recession. But to us, recession is an opportunity to see what we can learn and fast track. So I believe as we talk of recession and oil failing us, our strength is embedded in the massive land God has endowed us with, only If we can do it from a research mindset, be frugal and look for indigenous practices that can be scientific.

    Can we have an example of this indigenous practice blended with research?

    For instance, during mango season here (Nigeria), we see a lot of mangoes wasted. South Africa, for example, does not grow as much mangoes as we do, but they sun or freeze dry so that when there is no mango anymore, the sundried mangoes arrive. They don’t have to use chemicals to preserve them. By the time you put them back in water, it swells up. These are indigenous ideas. Our forefathers did that (sun drying) with okra and vegetables and the values therein are not lost.

  • APC responsible for economic recession, says PDP

    APC responsible for economic recession, says PDP

    The Peoples Democratic Party (PDP) has blamed the ruling All Progressives Congress (APC) for the economic recession plaguing the land.

    In a statement yesterday by spokesman of the party’s caretaker committee, Prince Dayo Adeyeye, the PDP rejected claims that the recession was caused by mismanagement of the nation’s resources by its past leadership.

    The PDP was reacting to reports credited to the Jigawa State Governor, Abubakar Badaru, that the past administration of the PDP brought the country to its knees through corruption and economic mismanagement.

    “Our attention has once again been drawn to the inconsiderate statement attributed to the Governor of Jigawa State, Abubakar Badaru, and similar comments from people of likeminds to the effect that the PDP administration was responsible for the economic recession.

    “In the first place, this blame is misplaced because our elementary understanding of economics teaches us that the major cause of recession is inflation and poor handling of the economy given that the higher the rate of inflation, the more impoverished people become, industrial production and GDP decline, resulting in massive job losses.

    “Perhaps we should quote those who should know and tell Governor Badaru that wrong economic policies of the All Progressive Congress (APC)-led government caused the stagnation and recession in the country.

    “It is really disappointing that a notable personality as highly placed as a governor could be drawn into making idle and pedestrian claims without facts.

    “It is either he does not realise the obligation of speaking responsibly in that position or he is grossly ill-informed; in which case, we could only try to put the facts before him, and hoping he would recognise them”, the statement said.

  • Party mocks Jegede’s economic blueprint

    Ondo State All Progressives Congress (APC) has criticised the economic blueprint of the Peoples Democratic Party (PDP) governorship candidate, Eyitayo Jegede (SAN)

    Jegede’s blueprint promised to initiate policies that will make the state less dependent on Federal Allocation.

    He said the state would disconnect financially from the centre, stressing that the industrial base would be created in the Ondo southern belt, with Ilaje Free Trade Zone as his priority.

    But the APC described the statement as nothing but an attempt to hoodwink the citizenry, who it said are groaning due to maladministration of the Governor Olusegun Mimiko-led administration for the past eight years.

    A statement by the APC Director of Media and Publicity, Steve Otaloro, said: “We consider this comment as a tasteless political rhetoric coming from the PDP governorship candidate.

    “The people of Ondo State are used to comment like this from Eyitayo’s godfather, Governor Mimiko, who promised to transform the land and lives of the southern senatorial district’s people and indeed Ondo State while seeking their votes, but dumped them after securing their mandate.”

  • How to get Nigeria out of economic challenges – Soludo

    How to get Nigeria out of economic challenges – Soludo

    Former Central Bank of Nigeria (CBN) Governor, Professor Chukwuma Charles Soludo has called for  a coalition of economic policies that can deal with desperate socio-economic issues in a systematic and sustainable manner for the country to get out of the present challenges.

    Professor Soludo who stated this in his lecture at the Progressive Governors forum 4th‎ progressive governance lecture series said ‎the collapse in the oil prices is a blessing for Nigeria to start a new beginning and a clarion call to press the restart button and begin afresh.

    Delivering the lecture titled; “Building the Economy of States: Challenges of Developing Inclusively Sustainable Growth, the former CBN boss said, Nigeria at the moment is dealing with political, economic and social shocks, stressing that growth in Nigeria and states will not be inclusive if we don’t break the dynasties of poverty and maximize the comparative and competitive ‎advantages.

    According to him, no state can develop sustainably if the overall governance and economy are in crisis, adding that Nigeria economy in terms of dollar has collapsed by about 50 percent.

    “Nigeria is facing unprecedented and tremendous political and economical challenges with global and local dynamics. Regardless of these challenges, opportunities and possibilities abound if we address some fundamental issues. The key to achieving this is to have a development plan that is anchored on realizing inclusive and sustainable growth.

    “Inclusive and Sustainable growth cannot be achieved without conscious efforts to deconstruct the dynasties of poverty and maximize  states and Nigeria’s comparative and competitive advantage.

    “Nigeria is not secured and made politically sustainable especially through the de-strangulation of the hold of the federal government over states.”

    He therefore recommended the restructuring of the economy from consumption driven to production based and consistency in micro economic policies.

    “‎Encouraging fiscal federalism in ways that allow states to have greater control of their resources, evolution of a master plan for mass export oriented industrialization that answers the economic questions and realities of today.

    “APC developing over-arching vision of Nigeria without Oil and‎ there should be a coalition of economic policies that can deals with disparate socio-economic issues in a systematic and sustainable manner;

    “APC States must develop a peer review mechanism to track, measure and share knowledge and experience in order to achieve shared values that will distinguish APC states from non APC states.

    “There is need for communication strategy that effectively communicates change in a forward looking and inspiring manner for the citizenry. This is important for building consensus for development, and‎ there should be a coordinating mechanism for developing the 2017 budget,” Soludo said.

  • ‘Substandard products threaten economic diversification’

    ‘Substandard products threaten economic diversification’

    Diversification of the economy may be mirage if substandard products still flood the market, Standards Organisation of Nigeria (SON) Director-General, Dr Paul Angya has said.

    Angya said substandard products were overwhelming the country, adding that they are a threat to the economy.

    He said: “This is a very challenging time in our history and we must lay emphasis on standard. Which area can we say is immune from the incidence of substandard good? Substandard products have overrun the economy. They have wreaked havoc the nation’s economy.

    “If we do not sanitise the country of substandard goods, all efforts for diversification of the nation’s economy will fail. Until we clean up the country of substandard products, our economy has not started. We, as a nation, have not started.

    “We are in another type of war. These substandard products are seriously attacking our economy; until we address the upsurge, we would make no headway.”

    Angya said the agency is collaborating with the Nigeria Customs Service (NCS) to fight the menace of substandard goods import.

    “SON and NCS have concluded arrangements to fight importation of substandard products into the country,” he said, adding that there was need for the establishment of a system that could support SON to raise the alarm on non-conformity and substandard products in the ports and borders.

    He said the nation has declared war on substandard products,  emphasising that SON would need the support of an institution such as NCS in fighting the war.

    He said: “Our mandate and what we do is very important for people living quality and fulfilled life. People can only live a quality life if there is quality goods. Our job affects people’s lives. That is why we need collaboration from the Customs because they are the first point of call of importation.”

    Angya said the organisation had shut down the Electronic Professional Clearance Certificate (EPCC) platform, so that people bringing goods into Nigeria conformed to SONCAP regime.

    “For us to succeed, we need the cooperation of Customs as the landlords of the ports. They are first point of contact, when products land. So, we need their support; we need their manpower and their expertise. Customs have been assisting us in the past; but, we are asking them to give us more. The problem is there. It has not gone away. We need additional support from them to be able to curb the influx of substandard products in the country,” he said.

  • Senior presidential aide dies

    The Presidency on Saturday announced the death of the Senior Special Assistant to the President on Economic Matters, Mr. Ayoleke O. Adu.

    A statement by the Senior Special Assistant on Media and Publicity, Laolu Akande, said that Adu who was aged 44, was a diligent economic professional and Certified Financial Analyst, CFA died after a period of illness.

    The statement said that the Vice President Yemi Osinbajo, on behalf of the President and himself condoled with the deceased wife, children, mother and the entire family.

    He prayed that God will grant them the fortitude to bear the loss.

    Before Adu joined the Buhari presidency last year, he was the Chief Executive Officer of Morgan Capital Securities Ltd, a leading investment firm with headquarters in Lagos.

    “As a member of the President’s Economic Management Team and a presidential aide deployed to the Office of the Vice President, Adu would be remembered as a patriotic, forthright, creative and astute professional. He will indeed be sorely missed.

    “Burial arrangements will be announced later,” Akande stated

    The Minister of Solid Mineral Development, Dr Kayode Fayemi in a condolence message released by his special Assistant on Media, Olayinka Oyebode, expressed shock and sadness, describing Adu’s death as a personal loss to him and a major loss to the All Progressives Congress (APC) and the government of the Federal Republic of Nigeria.

    He said: “He was a distinguished Nigerian, an honourable Ekiti man who through dint of hard work and determination worked his way to the top of his professional calling and left  marks of excellence on every assignment he undertook.

    “He was a man of courage, character and conviction, who had a great passion for the Ekiti Project. It is indeed a painful loss. We shall surely miss him.

    “May God grant him eternal rest and give his family the fortitude to bear the irreparable loss.” He stated

  • Editors advocate economic diversification

    The Nigerian Guild of Editors (NGE) has urged the government to diversify the economy.

    In a communique at the end of the 12th All Nigerian Editors’ Conference in Port Harcourt, Rivers State capital, it said there was a problem with the economy following the over-reliance on oil and gas revenue.

    With the theme:  ‘’Economic Diversification: Agriculture as Option for a Prosperous Nigeria’’, the conference was chaired by former Ogun State Governor Chief Olusegun Osoba.

    The communiqué was signed by NGE President Mrs Funke Egbemode and General Secretary Victoria Ibanga.

    NGE said agriculture remained the most viable option to revive the economy, create employment and usher in prosperity.

    It noted that agriculture suffered neglect due to negative mindset, reliance on outdated methods and underfunding.

    NGE urged the government to strengthen policies protecting farmers against influx of foreign agricultural products and encourage production for food sufficiency and processing of raw materials for export.

    The media, it said, should play a role in redirecting the consciousness of Nigerians, especially youths, in embracing modern, technology-driven agriculture.

    “Skills needed for agricultural production and processing should be stressed above mere certification for the sake of it. The government should recapitalise and make more functional the Bank of Agriculture and other institutions relevant to the agricultural programmes of the country.

    “Formation of more Farmers’ Co-operative societies should be encouraged while those in existence should be strengthened to improve productivity.

    ‘’States should collaborate in agricultural production and processing, using areas they have comparative advantage,” NGE said.

    The Guild lamented decline in the quality of journalism practice and non-adherence to the ethic of the profession.

    It urged editors to make efforts to redress the situation.