Tag: LCCI

  • Tackling expatriate  quota abuse menace

    Tackling expatriate quota abuse menace

    The unbriddled influx of expatriate workers into the country is increasingly becoming worrisome. While it deprives qualified Nigerians opportunities to be gainfully employed, it also  promotes capital flight. TOBA AGBOOLA reports that all stakeholders must close rank and address the issue.

    The Federal Government, in an effort to ensure that the country keeps pace with the growing global competition in technology and economic development, had made provision for companies to hire expatriates to undertake jobs and responsibilities in areas where Nigerians lack the requisite skills and capacities, while making sure that Nigerians take up jobs they have competencies in.

    However, foreign companies have taken advantage of the weak policing and monitoring of this policy to bring as many of their nationals as possible under the guise that they will do the jobs  Nigerians lack capacity.

    The issue of expatriate quota abuse has become a major challenge to the government over the years. Some of the foreigners are alleged to have come into the country illegally having not gone through immigration processes.

    With this problem, experts have said   Federal Government’s effort to tackle unemployment may not yield the expected result if a major step is not taken to stop the abuse.

    Jobs and career experts said although there is advantage in allowing expatriates to handle some jobs in Nigeria but the undue abuse of that practice is now taking a toll on job seekers.

    According to them, foreigners now remain the preferred applicants in the labour market, with many of them now successfully claiming jobs that skilled and unskilled Nigerians should be doing.

    They pointed out that expatriate quota abuse is most noticeable in the manufacturing, oil and gas, and other sectors. They lamented that it has crept into other sectors of the nation’s economy, thereby compounding her unemployment woes.

    Some of the foreigners take advantage of Nigeria’s porous borders to make their way into the country, while others use official entry points under the guise of being expatriates with skills not available in Nigeria.

    The 1963 enabling Act of the Nigeria Immigration Service (NIS) made provision for the employment of foreigners in areas where Nigerians are lacking the required skills. The NIS is empowered to issue business permit and expatriate quota and to monitor the quota granted in order to ensure effective transfer of technology to Nigerians and eventually indigenise the position occupied by the expatriates.

    But since 1963 when the law was made, there has been no monitoring and there has been no technology transferred to Nigeria in whatever form.

    In fact, the law has been abused as foreigners can now be seen at construction sites, factories, auto-sale outlets, telecommunications and maritime companies doing semi-skilled and even menial jobs that should have been reserved for Nigerians in order to reduce unemployment in the country.

    Asians are more in this category of foreigners with questionable entry into the country and abuse of the expatriate quota regime. Many of them can be found in sales outlets as attendants.

    Decrying expatriate quota abuse and blaming it largely for the unemployment crisis ravaging the country, the Lagos Chamber of Commerce and Industry (LCCI), said it is concerned about the influx of foreigners and the unemployment challenges it produces.

    Its Director-General, Mr. Muda Yusuf, said the abuse is worse in the state where foreign workers have taken over jobs Nigerians have adequate competencies to do.

    He said the government needed to check the trend because many of the expatriates lacked the requisite qualifications to work in the country, adding it was even worse the foreign workers get higher wages.

    The LCCI boss lamented that government efforts at creating jobs would be in vain if the trend is allowed to continue unchecked.

    President, National Union of Civil Engineering, Construction, Furniture and Wood Workers (NUCECFWW) Comrade Amechi Asugwuni, said many foreigners, especially Asians and Chinese are in the country under the guise of being experts on the jobs that can be performed by Nigerians, which is against the Nigerian Content Development (NCD) Act.

    He said the implementation of the quota is not in tandem with the Nigerian Content Development Act, which states that Nigerians should be considered first in any employment before foreigners or expatriates.

    He said the union on several occasions, had urged the NIS and the Ministry of Labour and Productivity to establsih that there is actually the need for expatriates in any company before granting work permit to any foreigner, and that the government should step up efforts to check the influx of expatriates into the country.

    He explained that the Nigeria expatriate quota law be respected, while many of the companies should comply with the provisions of the Nigerian Content Development Act, as employment generation is one of the greatest problems facing the country.

    He said: “We call on the necessary organs of government to review the process of granting expatriate permit through proper synchronization as well as ensuring that expatriate quota are not abused.

    “We also demand for a properly reconstituted inter-ministerial department and agency committee that will co-opt labour unions in recommending and approving expatriate registration.

    The Executive Director, Human Resources, 7up Bottling Company Plc, Mr. Femi Mokikan,  gave reasons for the increasing number of expatriates in the country.

    He said: “I do not think there is any economy in the world that can say it does not use other nationalities. So, that one is not what anybody is talking about. I think the question people usually ask is; why should expatriates be taking on jobs that Nigerians can do?  I think our educational system in this country has not helped us too.

    “I am speaking as a Nigerian; I am also speaking as an employer of labour that is operating in an environment that is extremely competitive, an environment where technology changes as you blink your eyes. That is why such areas where we used to pride ourselves as being capable as Nigerians, we now have to ask ourselves, how well can Nigerians do this?

    “When investors bring in their money, they expect maximum returns. Even though it would cost a bit more, they would rather get an expatriate than a Nigerian who will give minimum returns. I think that is what is happening in the area of expatriates’ employment generally.”

    Minister of Labour and Productivity, Emeka Wogu, warned against the abuse of expatriate quota by employers, stating that it has become a source of concern for the government.

    Wogu who spoke at a forum organised by the Nigeria Employers Consultative Association (NECA), warned that the rights of Nigerian workers must be protected by their employers. He said: “The right of Nigerian workers to rise to any position in the workplace should be guaranteed and encouraged by all and sundry. This should minimise or alleviate the incessant grievances and conflicts in the workplace and should therefore curb the issue of impunity and abuse of rights by the expatriates.”

    The minister noted the importance of maintaining industrial harmony in the country curbing the menace of impunity and abuse of rights, adding that most protracted disputes and conflicts in the workplace stem from lack of mutual trust and understanding of shared interest.

    To tackle the challenge of expatriate quota abuse, technology transfer and sustainable indigenous skills and capacity development especially in the oil and gas industry, the Federal Government established the Nigerian Content Development and Monitoring Board (NCDMB), led by Engr. Ernest Nwapa.

    Two months into the establishment of the Board, Nwapa summoned a meeting of chief executive officers and managers of international oil companies (IOCs) to deliberate on how to streamline the guidelines for expatriate quota applications and deployment in the oil and gas industry.

    The meeting was a platform where the managers of oil firms were made to understand the guidelines for expatriate quota application and ensure full compliance with the provisions of the Nigerian Content Act.

    The meeting highlighted a section of the Act which gives the operator/project promoter room to retain a maximum of five percent of management positions, as may be approved by the Board, as expatriate positions to take care of investors’ interests.

    Nwapa also told them that the position of the government was that the guidelines were applicable to international operating companies and their service counterparts and warned that the Board would not take it lightly with any company that continued to use suppliers and contactors who flout these laws by bringing in expatriates without due approvals.

    The guidelines issued by NCDMB required that all companies applying for expatriate quotas must provide proof that the positions applied for have been advertised in at least four major Nigerian newspapers and two international newspapers, to establish that there is no qualified Nigerian that can do the job.

    Besides, those oil companies were also required to notify the NCDMB of the receipt of applications, planned interview dates, and results of the interviews for each vacancy advertised, as well as proof that no qualified Nigerian had been found fit to occupy the positions. Similar requirements are applicable on the extension of existing expatriate quotas operating companies in the industry with a warning that the Board would hold operators responsible for the failure or otherwise of their contractors to comply, and would not prequalify erring contractors and suppliers to continue providing services in the industry.

    Four years after the establishment of NCDMB, the Board through effective implementation of the Nigerian Content Act, has made many Nigerians become owners of midsized exploration and production companies, service companies, and crude marketing firms, with upstream assets outside Nigeria and competing effectively internationally.

    In IOCs, Nigerians are taking up challenging positions and responsibilities, which previously reserved for expatriates. Nigerians are handling fabrication and construction projects that were in the past five decades, were awarded to foreign firms and carried out overseas.

    To show how worrisome the issue of expatriate influx and their takeover of jobs that Nigerians can competently handle, the members of Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, had about two years ago, directed that all its branches engage their managements over the unprecedented engagement of expatriates under various guises.

    The directive was given based on PENGASSAN’s discovery that oil companies have been undermining the Nigeria Content Act, where the number of expatriates working in Nigerian oil and gas sector was increasing by the day instead of decreasing.

    It said a report issued in October 2010, showed that expatriates constituted a third of the workforce in the oil and gas sector, which it said had increased by 2012.

    PENGASSAN lamented: “When a foreigner comes to a developing country such as Nigeria, he is called an expatriate irrespective of his professional standing, but when a Nigerian goes to Europe and America or a more developed country, he is called an immigrant. Immigrants are poorly paid. But expatriates enjoy unimaginable pay and dreamland privileges, which is very high even by the standard of their home country.”

    A report by the NCDMB showed that between January and March this year, out of 2,567 expatriate quota applications, only 1,032 were granted, while 1,113 were rejected.

    To determine the exact number of expatriates working in the country, the government is conducting a biometric data capture  of all the foreigners working in the country and as at the last count, 1,716 foreign workers have been captured.

    The Nigerian Petroleum Exchange Joint Qualification System live database, according to the report, currently has 20,587 individual records; 17 operator portal accounts (with only four active operators); and 5,480 service company portal accounts (with 888 active service companies).

    NCDMB said expatriates that work in the nation’s oil and gas industry are now required to undertake biometric registration. This is a requirement for obtaining expatriate quota approvals from the Board. The scheme started in July last year.

    In the power sector also, especially in the assets acquired or managed by Chinese, jobs such as tractor-driving, chefs and some menial jobs are done by the Chinese. For example, in Omotosho and Olorunsogo power plants, Chinese outnumber Nigerians and some of them carry out jobs that don’t require formal education and skills.

  • LCCI laments drop in Business Confidence Index in Q3

    Nigeria’s Business Confidence Index (BCI) dropped from 19.4 per cent in the second quarter of the year to 14.3 per cent at the end of the third quarter, a report by the LCCI, has said.

    In the report made available to The Nation, the body said the drop in aggregate BCI represents 5.1 per cent  slack of the confidence level among business operators in the last three months. The index had fluctuated over the last two quarters (10.5 per cent in Q1 and 19.4 per cent in Q2, 2014), the group said.

    BCI is a leading economic indicator designed to measure the degree of optimism on the state of the economy that business leaders are expressing through their activities of investing and spending.

    LCCI lamented that the drop of the BCI scores suggested that business leaders were largely pessimistic about expanding their investments over the next few months. The group said Nigeria’s BCI scores over the years continue to trail below the 50 per cent global business confidence.

    “Investors and business leaders remain wary about the state of the economy and the challenging business environment,” LCCI said.

    LCCI listed the key factors that mostly depressed the confidence level of business leaders as security challenges, political transition/electioneering and associated risks; cargo clearing issues and access to and from the nation’s foremost ports – Apapa and Tin Can; policy uncertainties and regulatory concerns; and worsening public power supply.

    The group noted that all sectors reported positive business confidence levels in third quarter. It said  the manufacturing sector posted a positive confidence level of four per cent for the second time over the last seven quarters. “This sector has consistently remained at the bottom of BCI league table by steadily recording negative confidence levels. Medium and small manufacturing enterprises are the most hit by the lingering challenges constraining productive activities in the country,” LCCI said.

    The Chamber said the most disturbing factors for manufacturers include power supply, logistics,  influx of imported and substandard products, preference for imported goods by Nigerians, low access to credit, high cost of doing business, inadequate infrastructure  and inhibitive activities of government regulatory/monitoring agencies.

    It, however, said the financial sector (banks, e-payment operators, finance houses and Bureau De Change, BDCs) continue to top the league table of business optimism with 32 per cent BCI score in the third quarter.

    It noted that impressive corporate reported for the period, which ended on June 30, this year and the recovery of the nationalised banks contributed to the sustenance of optimism among the financial sector operators.

    The impact of the recapitalisation of the BDCs and finance firms would be seen over the subsequent quarters, it said.

    LCCI noted that the optimism among players in the agricultural sector, which was relatively strong in first and second quarter, is beginning to moderate. “This is a pointer that operators expectation in the agricultural sector is beginning to wane. The BCI third quarter 2014 survey confirmed an increasing level of uncertainty among the private sector players due to rising electioneering activities and the build up to the 2015 general elections,” the survey said.

    LCCI also said the operators in the oil and gas sector are mostly disturbed by the uncertainty surrounding delayed passage of the Petroleum Industrial Bill (PIB) coupled with the emerging developments in the global oil and gas market. Also, long delay in releasing the 2014 budget, influx and rising patronage of offshore advisers and business consultants in the country were attributed mostly as the concern of players in the professional business services sector.

    In Information Communication and Telecommunication (ICT) sector, LCCI said insecurity, double taxation, regulation and monitoring issues were on the top of concerns for operators.

  • ‘Ebola hype has created a disproportionate panic’

    ‘Ebola hype has created a disproportionate panic’

    •U.S. to deploy 100 medics to West Africa

    The Lagos Chamber of Commerce and Industry (LCCI) on Monday urged journalists to exercise restraint in daily reportage of the Ebola Virus Disease (EVD) in the country.

    The President of LCCI, Mr Remi Bello, said in a statement that the appeal became necessary following the negative impact of the news of the scourge on business activities in Lagos.

    “As the containment measures progress, the imperative of discretion in information management needs to be underscored. Care should be taken not to escalate the Ebola crisis beyond the reality of its occurrence. We urge some measure of proportionality in media reports both locally and internationally.

    “The Ebola hype has created a disproportionate panic, anxiety and scare, projecting the country as endemic Ebola zone.

    “Ebola is alien to our environment and, therefore, a momentary phenomenon. There is currently the risk of international isolation, stigmatization and unwarranted discriminatory practices against the citizens travelling outside our shores,’’ he said.

    Bello expressed worry that the unrestrained reporting of the virus could have grave consequences for the economy and the citizens.

    The LCCI president commended the Federal Government for taking steps in combating the spread of the disease and also urged citizens to maintain proper hygiene and report suspected cases promptly.

    Minister of Health Prof. Onyebuchi Chukwu confirmed only 12 people to have contacted the virus with four deaths.

    He said 189 persons and another six people were under surveillance respectively in Lagos and Enugu.

    A report released on Saturday by the Financial Derivatives Company also projected that Nigeria may lose up to $2 billion (N320 billion) to the Ebola scourge.

    The report added that if the virus was not properly controlled, the losses may go up to $3.5 billion (N480 billion) in the next quarter.

    The report identified the core susceptible sectors as hospitality, tourism, agriculture, health and trade.

    The United States has announced the deployment of 100 medical personnel to help in the fight against the Ebola Virus outbreak in some parts of West Africa.

    U.S. Ambassador to the African Union (AU), Reuben Brigety spoke yesterday in Addis Ababa at an information sharing session on Ebola at the AU Permanent Representatives Committee (PRC).

    Brigety said the U.S would deploy 25 medical doctors and 75 nurses to the four countries affected by the virus, including Ethiopia, Sierra Leone, Guinea and Nigeria.

    He, however, said the deployment to the Ebola affected countries was subject to the AU approval, as the U.S government was ready to assist.

    The envoy advised African countries to also send doctors and medical personnel to provide the services needed to tackle the disease in the affected countries.

    At the session, Japan announced that it had donated 1.5 million dollars to the World Health Organisation (WHO) fund toward fighting the virus.

    Its representative at the AU said the Asian country had also sent medical experts to affected countries.

     

  • LCCI faults govt’s plan to privatise BoI, BoA

    LCCI faults govt’s plan to privatise BoI, BoA

    The Lagos Chamber of Commerce and Industry (LCCI) has opposed moves bythe Federal Government to privatise the Bank of Industry (BoI) and Bank of Agriculture (BoA), saying both organisations will be unable to achieve their goals if the plan is carried out.

    LCCI argued that the two banks are Development Finance Institutions (DFI) and  that their objectives are usually in conflict with the goals of private enterprises, which revolve around profit making, it stated in a communiqué issued after its council meeting in Lagos.

    “The development objectives of the  DFIs will be compromised in the event of their privatisation, because development objectives are often at variance with profitability objectives.

    “The primary objective of a typical private enterprise is profit maximisation, while the worry of the government should be development. This is the fundamental basis for government’s intervention in an economy,” LCCI said in the communique.

    The Chamber said the global practice is for DFIs to be government-owned because of the peculiarities of their mandates, adding that the basic objective of any development finance is to support the growth and development of the real sector and provide infrastructure for the economy and subsidised long-term affordable finance to investors.

    It aegued that a privatised entity will not be able to deliver this mandate because of the economics of the enterprise.

    “Therefore, real sector financing will suffer in the event that the DFIs are privatised. Such an outcome will have consequences for the capacity of the real sector to grow and create the much- needed jobs,” it said.

    LCCI said rather than consider privatisating the entities, government should  recapitalise the two institutions and ensure that they are properly managed.

    “Currently, cost of funds in the Nigeria financial markets is between 18 per cent and 30 per cent; and over 70 per cent of the funds are short-tenured funds. It is difficult to comprehend how a private entity will lend to the real sector at single-digit interest rate (and with long tenure) in this scenario,” it said.

    It urged the government to work on recapitalising the DFIs and create a framework that will allow for an independent and professional management of the DFIs, saying, “this is the way to go.”

    LCCI said it is important to develop models and structures that will make public institutions work, rather than duplicate, or discard them.

    It warned that populating the boards of vital public institutions with politicians is not in the best interest of the economy and the country.

  • Japanese envoy  to speak at LCCI Business Forum

    Japanese envoy to speak at LCCI Business Forum

    The Business Forum of the Lagos Chamber of Commerce and Industry (LCCI) is set to host the Chief Representative of the Japanese International Cooperation Agency (JICA), Mr. Tetsuo Seki.

    Seki is to speak on a gender workshop hosted by the women group of LCCI.

    The theme of the business forum is “Gender Mainstreaming in Private Sector Development.”

    The event is slated for Henry Fajemirokun Hall at Commerce House, Idowu Taylor Street on Victoria Island, Lagos, on August 14, according to a statement signed by the chairperson of the group, Mrs. Adenike Shobajo.

    The Japanese envoy, it was gathered, would focus his presentation on how JICA could collaborate with female members of the LCCI to reach out to women entrepreneurs in boosting grassroots development in Nigeria.

    Seki will also speak on how to foster bilateral relations between women in Nigeria and their counterparts in Japan to boost cooperation through finance and investment, technical knowhow, loans, grants and aids.

    The Women Group of the LCCI is charged with the responsibility of coordinating the activities of female members of the body in the promotion of their businesses and key projects of the LCCI.

     

  • Business confidence down by 5.1%, says LCCI

    Business confidence down by 5.1%, says LCCI

    The Business Confidence Index (BCI) in Nigeria has has dropped by 5.1 per cent, a survey conducted by the Lagos Chamber of Commerce and Industry (LCCI) has revealed.

    According to the report, it dipped in the third quarter of this year because investors and business leaders remained wary about the state of the economy and the challenging business environment.

    The survey showed that in the third quarter, aggregate BCI declined to 14.3 per cent from 19.4 per cent posted in the second quarter. This represents 5.1 per cent point drop.

    The BCI is a leading economic indicator designed to measure the degree of optimism on the state of the economy that business leaders are expressing through their activities of investing and spending.

    Decreasing business confidence is often a pointer to slowing economic activities because business owners are likely to decrease their investment.

    LCCI said  the latest drop of the BCI suggested that business leaders remained largely pessimistic about expanding their investment over the next few months.

    It said: “Nigeria’s BCI scores over the years continue to trail below the 50 per cent global business confidence threshold. Investors and business leaders remain wary about the state of the economy and the challenging business environment.

    “The key factors that mostly depressed the confidence level of business leaders at this time are: security challenges across the country, political transition/electioneering activities and associated risks, cargo clearing issues and access to and from the nation’s foremost ports – Apapa and Tin Can; policy uncertainties and regulatory concerns; and worsening public power supply.”

    The survey added that all the sectors reported positive business confidence levels in the third quarter, adding that interestingly, the manufacturing sector posted a positive confidence level of four per cent for the second time over the last seven quarters.

    “This sector has consistently remained at the bottom of the BCI league table by steadily recording negative confidence levels. Medium and small manufacturing enterprises are the most hit by the lingering challenges constraining productive activities in the country

    “The most disturbing factor for manufacturers includes: power supply challenges, logistics challenges, the influx of imported and substandard products, preference for imported goods by Nigerians, poor access to credit, high cost of doing business, infrastructure shortcoming and inhibitive activities of government regulatory/monitoring agencies,” the survey said.

  • LCCI cautions on Auto Policy

    The Lagos Chamber of Commerce and Industry (LCCI) has cautioned the Federal Government against the new automotive policy, saying that the policy may affect the economy negatively.

    Speaking during the chamber’s quarterly press conference in Lagos, its President, Alhaji Aderemi Bello, said the increase in the import tariffs and levies on motor vehicles is harmful, not only to the economy, but the welfare of the citizens as well.

    He linked the uncertainties in the business environment in the second quarter of the year to epileptic power supply, security challenges and the high cost of securing credit.

    “It is inappropriate to begin to pursue a self-reliant automobile industry with the imposition of high import tariffs, where there are fundamental supply issues to contend with.

    “The creation of a sustainable automobile industry should be premised on high local value addition and capacity for backward integration, strong engineering infrastructure especially on iron rod, steel and foundries.

    “Also, it depends on affordable finance of between 25 and 35 per cent cost of fund to investors, creation of sound infrastructure like power and transportation.

    “A lot needs to be done on these key issues if the economy must grow at the least desired rate in the subsequent quarter.

    “We urge stakeholders in the political space to manage the transition programme to boost the growth of the economy which seriously includes the cost of doing business and job creation,” he said.

    Bello said that power supply, insecurity and credit were the major challenges that stifled investment and growth in the second quarter.

    According to him, the chamber’s  Business Environment Survey revealed that key sectors in the economy like construction, agriculture, manufacturing, oil and gas have experienced poor growth.

    “Manufacturers, especially SMEs, still have major challenges as sticky access to credit, influx of fake and substandard products, regulatory infractions, and worsening power supply.

  • ABC Transport wins award

    ABC Transport wins award

    ABC Transport has received the Most Innovative and Impactful Transport and Logistics Company in Nigeria award at this year’s Lagos Chamber of Commerce and Industry (LCCI) Award held at MUSON Centre, Lagos.

    The award was in recognition of ABC’s outstanding services in land transportation.

    ABC Transport Head, Customer Service (western region), Mrs Ijeoma Onyekwuo, thanked the organisers for recognition of key industry players. 

    “We accept this award as a strong vote of confidence from our customers who have remained ever loyal. We are very grateful to them and like to reassure them that we will intensify efforts to consistently surpass their myriad of needs and strive to build a world class road transport company in the West African sub-region,” she said.

    The company has opened a new office in Ikorodu, Lagos with plans to commence operations from Ikorodu to the ast and South-south.

    Customers of ABC transport who reside within the Lekki/Ajah/Epe axis can now access ABC Sprinter to Owerri and Port Harcourt routes.

  • LCCI rewards First Bank, LAWMA, others for innovations, best practices

    LCCI rewards First Bank, LAWMA, others for innovations, best practices

    THE Lagos Chamber of Commerce and Industry (LCCI) has lived up to the bidding of its core mandate of trade promotion, business and policy advocacy by recognising deserving corporate organisations and public institutions who contributed to the development of commerce and industry in the country, including: Lagos State Waste Management Authority (LAWMA), First Bank Plc, Mansard Insurance, Seplat Petroleum Development Company and a host of others.

    The event was at the 2014 Commerce & Industry awards held in Lagos, where LCCI president Alhaji Remi Bello said the chamber is committed to the promotion of the core values that would ensure sustainable progress of the nation’s economy.

    According to him, “Value creation is at the heart of wealth creation, the main drivers of the economy amidst multitude of challenges in the investment environment. We are excited that many of them are also indigenous enterprises. The LCCI Commerce & Industry award would among other things continue to promote healthy competition among corporate organisations as well as public sector institutions.”

    Bello said the chamber recognises that there is no perfect time to make an impact in any system.

    He stressed that the nominees have excelled in their various sectors, noting that over 500 entries from virtually all sectors of the economy were received with the outcomes subjected to rigorous screening by a body of jury made up of eminent Nigerians such as Mazi Ohuabunwa, Vice Chancellor, Pan -Atlantic University, Prof. Joan Elegudo, amongst others.

    Earlier, Governor Babtunde Fashola in his remarks said it is fitting that contributions to the commerce and industry sector be recognised by those who drive the world economy.

    He stressed that commerce is the driving force of the economy, noting that as the governor of a state with a monthly GDP of N20 billion, he is best placed to appreciate how important commerce is for our growth.

    The governor represented by the Commissioner of Commerce and Industry, Mrs.  Sola Oworu disclosed that the state is doing her best to provide a conducive and safe environment in which people can conduct business.  He said: “Through our laws and policies we strive to ease the constraints of doing business so that companies can be more productive and, thus, contribute better to the economy. A few years ago, we reckoned that to achieve greatness, we must focus on the provision of power, the expansion of agriculture, the provision of proper, organised transportation systems and affordable housing.”

  • Konga wins most Innovative Retail brand awards

    Konga wins most Innovative Retail brand awards

    History was made two days ago when Konga.com picked up this year’s Lagos chamber of commerce and industry award for most innovative and impactful brand in the retail trade sector, beating out Shoprite, Addide and Jumia.

    Konga.com, Nigeria’s largest marketplace is said to have won the award haven contributed immensely to the development of commerce and industry in the country. Gabriel Gab-Umoden, Head of marketing, Konga.com who picked up the award on behalf of the company said “On behalf of Konga.com CEO, Sim Shagaya and the entire team, we wish to thank the LCCI for this honour. In such a short time we have been able to take great strides in making retail more accessible and affordable for all Nigerians and we promise to continue to innovate and not rest on our oars. We also congratulate the other nominees in this category as they are all truly great companies”

    The venue was the Muson centre, in Lagos and the theme was “Celebrating Excellence”. In attendance were former ministers, state commissioners for commerce, captains of industry and journalists.

    Also, at the event, the Konga Workers day mega-sale, an initiative by the Konga team to make retail more affordable by slashing prices across different categories was announced to run till May 9th.