Tag: Made-in-Nigeria

  • Nine year old designer to get FG support

    Nine year old designer to get FG support

    The Minister of State for Industry Trade and Investment, Mrs Aisha Abubakar, says the Federal Government will support nine-year-old Nelson Ashinze to realise his potential as a designer.

    Abubakar made the pledge during the presentation of Ashinze’s brand of designs, Nelson George Clothing, on Monday in Abuja.

    She said that the young entrepreneur needed support to showcase his talent.

    The minister said that the ministry would ensure that Ashinze enjoyed the support of the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) and Bank of Industry (BoI), both agencies under it.

    According to her, the young entrepreneur’s company has been duly registered, adding that the Nigeria Export Promotion Council (NEPC) would also assist him when his products were ready for export.

    “We are going to make sure that he has the adequate training on entrepreneurship skills, we have BoI that will provide machines when he is in need of machines, we are going to help him access machinery from the bank.

    “We are promoting “Made in Nigeria’’ and this is definitely a made in Nigeria initiative; so we are going to use him as one of our champions for the initiative.

    “He is also promoting the cotton, textile and garment industries which again we are promoting, so we have a market for him and we are going to give him all the necessary support that he needs to ensure that he runs a successful business in Nigeria,” Abubakar said.

    Master Nelson, the young entrepreneur, said that he discovered his talent on bow tie making in school during the craft class.

    He said he came this far with the support of his parents.

    His manager, Mr David Ashinze, said that the young entrepreneur was known for creative designs of handmade bow ties, pocket squares, headband and accessories with a classic touch of African prints.

    Ashinze said that at the age of eight in 2015, Nelson founded the Nelson George clothing where he doubles as a designer and a CEO.

    “Since his debut production, Nelson has been able to put his craft on runway fashion platform,’’Ashinze said.

    Also speaking at the presentation, the Minister of State for Environment, Alhaji Ibrahim Jibir said that Ashinze needed not only the support of his parents but the government as well.

    “I believe that with children like this young boy, there is hope for Nigeria.

    “He is an encouragement to children out there, with what he is doing; the sky is his limit.

    Jibir, however, advised Nelson’s parents not to exploit his talents, but to encourage him.

  • Saraki launches made in Nigeria challenge

    Saraki launches made in Nigeria challenge

    Senate President Bukola Saraki has launched a contest to promote made-in-Nigeria products.
    The contest scheduled to run for three months is aimed at showcasing the process and raw materials used in producing such locally made goods.
    In a statement yesterday, Saraki said the contest would identify the good products that could be matched with investors and government agencies.
    He said that such agencies or investors would drive the products to the extent that they compete favourably with any similar product being imported.
    “Today, as promised, we kick-start the soft launch of the #MadeInNigeria Challenge.
    “This campaign is organised to showcase everyday products that are used by Nigerians and produced by Nigerians locally that serves as an alternative to imported products.
    “The next few weeks, we hope to identify products and ideas that can be matched with investors and government agencies.
    “To wrap up the Challenge, in March, we will be inviting some of the finalist to a Made In Nigeria Roundtable at the Senate.
    “This Roundtable will allow us, legislators, Government Agencies, business owners, and everyday Nigerian consumers to review and update the report of the National Assembly Business Environment Roundtable (NASSBER), which was held in 2016 to improve the ease of doing business in the country,” he said.
    Saraki added that the roundtable would also be used to get feedback on the Public Procurement Act passed by the Senate in 2016.
    The amended Act mandates government agencies to give preference to local manufacturers in Procurement of goods and services.
    He wished all the participants good luck and called on Nigerians to use the hashtag #MadeInNigeria in all your submitted videos.
    To participate in the contest, participants are to shoot a video of between 45 seconds to 3 minutes showcasing their product or service that is an alternative to imported ones.
    The manufacturer must utilise up to 70 per cent of locally sourced raw materials to qualify as a made in Nigeria goods or services.
    The video has to state the registration status of the company, the number of people currently employed and the intervention you need from government to aid small businesses in Nigeria.

  • Obasanjo gets ‘made in Aba’ shoes as gifts from Gov Ikpeazu

    Obasanjo gets ‘made in Aba’ shoes as gifts from Gov Ikpeazu

    • Urges patronage of local products

    Former President Olusegun Obasanjo, an ardent campaigner for ‘Made in Nigeria’ products, has received pairs of shoes – all  made in Aba, Abia State, as gifts from Governor Victor Okezie Ikpeazu.

    Obasanjo who sized and adorned one of them fittingly, said since the Aba made shoe was nice on his feet, it would also look good on anybody in Nigeria, Africa and the rest of the world.

    The shoes,  half a dozen of them, were presented to him on Monday evening when Governor Ikpeazu, who doubles as the Ambassador of ‘Made in Aba’ products visited the ex-President at his residence on Presidential Hilltop Estate, Abeokuta, the Ogun State capital.

    Ikpeazu who was accompanied by aides, explained to his host that “the shoes are all hand made by the boys in Aba,” saying they are also making 50,000 pairs of shoes for the Nigerian army.

    Obasanjo who lauded the Aba boys for their ingenuity and creativity, hinting that the African Export–Import Bank (AFREXIM) may soon establish an industrial park in Aba to “encourage and support made in african products.”

    He urged the Governor  to give the African Export–Import Bank (AFREXIM) team the necessary support whenever they arrived the state at later date for such industrial park project.

    The former President noted that for a nation such as ours that is battling with “recession” the ingenuity of the Aba boys is quite significant, saying “the hard options of hard work, production and trade” are what Nigeria needs now to exit the troubling hard time.

    According to him,”when we use what we make by ourselves, for ourselves, others will support and  will be willing to try and make use of what we make here.”

    He said: “Governor, I can’t thank you enough and truly I can’t thank my brothers and sisters who have decided to adorn me with these wonderful gifts enough.

    “For me, this is very significant in many ways and infact the message I want to deliver to you is the message of African Export–Import Bank (AFREXIM) who are spearheading made in Africa.

    “And they came when I was away in Colombia, but I knew they were coming for the annual African Bank meeting which was hosted in one Island in South African.

    “You talked about made in Africa products, AFREXIM Bank encourages and supports products made in Africa by Africa and for Africans.

    ” When they came they met representatives from Benue, Ebonyi and Anambra States. They also came to Ogun State and met the Governor and other officials of the State.

    “They left me a message that they have heard about Aba, it was AFREXIM Bank and the Chinese and they will want me to get in touch with you so that they can come back and pay a special visit to Aba and  establish an industrial park in Aba for the sort of things like this.

    “Indeed we need a thing like this at a time like this. If we are going to get out of our recession, we can only produce and trade to get us out of our recession.

    ” We have to get ourselves away from an easy option, there is no easy option to get out of this situation. The hard options are hard work, production and trade.

    “We have to trade internally, trade within ourselves in African and trade with the rest of the world. If the shoes that I am wearing are good for me, I believe they should be good for anybody in Nigeria, for anybody in Africa and indeed anybody in the world.

    “When we use what we make by ourselves, for ourselves, others will support and they will be willing to try and make use of what we make here.”

    And speaking with reporters later, Ikpeazu
    who expressed satisfaction with the interest shown in products from Aba by the military, disclosed that the industry where those shoes and other wears are made, worth N150bn and engaged 150,000 people already.

    The Governor said the government has established a quality control agency whose duty it is to ensure that the products meet minimum standards.

    He added that they are also working hard on packaging so that the shoes could be beautifully packaged while planning to also go into inputs like leather, tannery, provision of gum and other accessories like buckles.

    The Governor said: “we are excited that finally, the Nigerian military are now looking in the direction of some of the items that we now produce locally in order to make their uniforms and their gears.

    “And to be specific Aba is making about 50,000 pairs of shoes for the military. I intend to market made in Aba uniforms and shoes for the National Youths Service Corps (NYSC) as well as as the Nigeria Security and Civil Defence Corps and the Police.

    “We make solid shoes and it is our hope that when we are able to produce enough for the Nigerian market, we will have conquered West Africa and Africa as well.

    “They are wonderful shoes you never can say how wonderful and beautiful they are until you try them on. I am very, very proud to be an Ambassador of made in Aba products, both dress and shoes.

    “And we think that the over 150,000 men engage in this trade in our environment will indeed launch Abia State into the world market of world class shoe producers.

    “The industry’s worth is well in excess of over N150billion but we are yet in clusters and we are trying to provide electricity, we are trying to provide common facilities so that quality control will be high up there.

    “The government has established a quality control agency whose duty is to ensure that the products meet minimum standards in terms of what they are doing.

    “We are also working hard on packaging so that the shoes can be beautifully packaged. We may also have to go into inputs like leather, tannery and provision of gum and other accessories like buckles and so on.

    “We need three essential things from the Federal government to turn Abia State into the industrial hub of the country. One is electricity, once we can be sure  of constant electricity, things will change.

    “Luckily, we hoping that the Geometric Power Plant, which is an independent power plant in Aba is come up stable between now and the next six months if that happens, we would have solved the problem of power.

    “In the interim, government is looking at providing an alternative power sources and beyond that, we are working hard on the road infrastructure which is also key to make sure we are able to move goods and services from one destination to another and customers can access Aba easily.

    “The other one is security, luckily we have held it down, nobody can pretend that you can completely wipe off crime but it is at a proportional level where business is thriving and people are coming back to do business in Aba.”

  • Made in Nigeria: As the campaign grow bigger…

    One of the immediate responses to the current economic crisis in Nigeria was the resolution of the 8th Senate to stand up to the challenges posed by the recession. In words and action, the 8th Senate under the leadership of Dr. Abubakar Bukola Saraki assembled to provide solutions to the cries of Nigeria over the biting economic crisis through motions and legislation.

    The recession has necessitated a shortage of foreign exchange for the local manufacturers to procure needed raw materials. Amongst resultant effects has been spiraling unemployment. This is coming with the unquenchable appetites of Nigerians for foreign made goods.

    In its decision to tackle this hydra-headed monster called recession, the Senate of the Federal Republic of Nigeria under the able leadership of Dr. Saraki moved to amend the extant Public Procurement Law in Nigeria by making it mandatory that preference should be giving to locally produced goods and services before attempting to purchase any foreign made goods.

    Moreover, the amended procurement law made it compulsory that a certain percentage of the contract sum should be paid up front and in good time to enable local producers meet up with foreign competition. Indeed, the Senate has on June 16, 2016 passed the amended procurement law that is currently awaiting concurrence by the House of Representatives.

    Aside the prioritization of key legislation, the Senate President has granted audience to several interest groups championing the Made in Nigeria Goods project. He was visited by the Southeast Amalgamated Traders Association, the Innoson Vehicles Manufacturing Company, and the National Economic Summit Group who eventually tagged their recently concluded summit ‘Made in Nigeria’.

    At all these and during such visits,  Saraki made the Buy Made-in-Nigeria goods, and support Nigeria-Made goods, his central message, urging Nigerians to patronise locally-produced goods in order to develop the economy. In one such visit, he was aptly quoted to have stated that ultimately the ‘Senate cannot legislate patriotism’.

    To Saraki, this is the only way out of the present economic crisis. From his perspective, the Senate President believes the purchase of locally made good is tantamount to economic recovery, wherein, he stated that since the Ministries, Departments and Agencies (MDAs) are the biggest spenders, that they should be made to first and foremost patronise locally made Nigerian goods before purchasing foreign made goods.

    It was no wonder recently that the Nigerian Army bought into the Made in Nigeria Project, ordering from the Aba leather industry the production of 50,000 pairs of combat booths for Nigerian soldiers.

    It was this that prompted the executives of Leather and Allied Products Manufacturers Association of Abia State (LEAPMAAS) to visit Abuja to thank the Senate President for his tireless efforts in championing the Made in Nigeria movement.

    The spokesman of LEAPMAAS that came to appreciate the Senate President, Chief Ben Hart commended the Senate President, Dr. Saraki and the Senator representing Abia South, Enyinnaya Abaribe for their support in propagating Made in Aba goods, saying ” Sir, we are here to express our gratitude for your support and appreciation in this Made in Nigeria Project.”

    After remarking on Dr. Saraki’s locally made attire, the elated leader of the delegation said, “ Today, we confer on you the title of the Ambassador of Made in Aba goods. We also commend Senator Enyinnaya Abaribe and the entire Senate for supporting the passage of the Public Procurement law. By this singular action, you and the Senate have institutionalised Made in Nigeria goods”.

    “ We commend you for your tireless propagating advocacy for Made in Aba goods. We use this opportunity to assure you and the Senate that we shall continue to improve on the quality of Made in Aba and indeed Made in Nigeria goods. Good produced in Aba are indeed of high quality. There is nothing that can be manufactured elsewhere that we cannot produce in Aba”.

    In response, Dr. Saraki congratulated the Aba traders for the recognition now being given nationally to their efforts and their products. He said: “I commended you about what you are doing. I promised you when I came to the trade fair you organised in Abuja and said that with the support of my colleagues here in the Senate, we will take the campaign beyond that of a thing restricted to only trade fairs. I promised that we will make it the agenda of all Nigerians.  Today, we have made it a national project. I commend you that over the years you have been there, giving your support for the government and proving that you have the capacity to do it. We told you that time that we are going to pass a law to support your efforts and make it compulsory for government agencies to patronise your products before resorting to foreign goods. On June 16, 2016, we passed the amended Public Procurement Act.

    “I have a promise from the House of Representative that they will soon pass theirs. Government must ensure that they must patronise locally made goods. It has started with the Army. If the Army is doing that, I also challenge all the other agencies whether it is Air force, whether it is Navy, Customs, even the Road Safety, Civil Defence to procure their booths and other items from Nigerian manufacturers. I also challenge all Senate committee chairmen to impress it on all agencies they supervise during their budget defence that they must compulsorily patronise local goods.

    “If there is any agency that is making it difficult for you to sell your goods or deliberately bypassing local goods to purchase foreign goods, let us know. We will take up the case. We will ensure MDAs comply with the procurement law. This is the only way to save our economy. They must give evidence that they patronise and purchase locally made goods. Our plan is to ensure that a huge chunk of the N2 trillion that government spends every year on procurement should go into the pockets of Nigerians and help to create employment and improve our Gross Domestic Products. We know that government spends close to N2trn in good and services, even if you look at the budget if all these agencies, it is enough for you to increase your production and that will make Nigeria to take over some of the West African region.

    “This is a very big agenda that we are promoting, I want to thank my colleagues and assure you that we’ve kept to our promises, so you do not need to disappoint us. You should produce quality goods, well packaged and ensure you keep faith with your agreed delivery date. On our own part, this is an agenda we believe in, we will continue to support you”, the Senate President stated.

    Asthe Senate President addressed the group, he was surrounded by his colleagues, mostly those from the South-East states like Senators Enyinnaya Abaribe, Mao Ohuabunwa, Hope Uzodimma, Obinna Ogba, Chukwuka Utazi, Adamu Abdullahi, Baba Kaka  Garbai, among others.

    • Okocha is Special Assistant to the Senate President on Print Media. 
  • Saraki’s made in Nigeria

    Saraki’s made in Nigeria

    Senate President, Bukola Saraki had very kind words for the Nigerian Army last week over its decision to purchase 50,000 pairs of shoes from a local manufacturer in Aba. He sees the decision as ample evidence of the crucial role a truly national institution such as the Nigeria Army could play in ending the prevailing economic recession in the country.

    For this patriotic example, Saraki urged other military and paramilitary establishments to emulate the army even as he also praised the Nigerian Air force for the cooperation it entered into with a local spare parts manufacturing company to produce some airplane parts for its use. The Senate President attributed the new direction to the amendment by the Senate of the Public Procurement Act in June this year.

    The new law compels Ministries, Agencies and Departments (MDAs) to compulsorily give preference to goods and services which can be sourced locally. Saraki believes that patronage of Nigerian made goods was the panacea for the economic problems that have overtime held this country down. In this, he spoke the minds of many.

    It is heart-warming that the Nigerian Army is now patronizing made in Nigeria shoes while the Air Force is forging some cooperation with a local company for the production of spare parts for the use of its fleet. That is the way it should be. It has long been recognized that our taste for what is foreign even when there are good alternatives locally has been the greatest disincentive to investment and development.

    Government response to this penchant for conspicuous consumption had fluctuated between outright ban on some of these goods and services and some form of restriction. Just recently, the Central Bank of Nigeria (CBN) banned some items from being funded from the official foreign exchange market. The essence was to discourage the importation of these goods and stimulate the production and consumption of locally produced ones.

    But with the world as a global village and many African countries signatories to World Trade Organization WTO treaties, such restrictions are no longer in vogue. They run in conflict with trade liberalization which is based on the premise that each country will be able to exploit its position of comparative advantage once free and fair trade regime has been implemented.

    But as a primary producer that depends almost solely on a mono cultural economy for its foreign exchange earnings, trade liberalization has had adverse toll on the nation’s economy as our citizens depend largely on imported goods and services, thus exerting undue pressure on our foreign earnings.

    Our local manufacturers have had to contend with stiff competition from foreign manufacturers in the face of hash business environment. Faced with stiff competition and sometimes better produced goods, our people have not hidden their preferences for the foreign produced goods and services. If such a trend is allowed an unfettered reign, our nation would be worse for it. Thus, the allure of the campaign to attune the psyche of our people to patronize locally produced goods and services.

    The overriding idea is not only to conserve foreign exchange usually depleted in the importation of goods that have local alternatives, but more importantly, to enable local industries grow and offer employment to our army of job seeking youths.

    But despite years of preachment and pontification, not much gain has been made in this direction. Even the government that purports to lead the way in this re-orientation drive has come out the worst culprit for serially flouting it. Instances abound where governors have gone abroad to import school uniforms, chairs and other materials when there are a surfeit of those items in very good quality locally.

    Such governors are bad examples and therefore cannot be expected to act as armour bearers in the campaign to make our people patronize made in Nigeria goods. Needless to talk of the millions of jobs they have created for foreign companies while denying their constituents such job opportunities. The same goes for government ministries, agencies and departments.

    Perhaps, the incongruity between policy directives of the government and the actions of its officials moved the Senate to amend the Public Procurement Act, so as to compel these agencies give preference to local manufacturers where viable alternatives exist. Saraki would therefore wish to appropriate credit for the decision of the army and the air force to look inwards for some goods and services. He is entitled to his opinion though the issue predates the current Senate.

    The idea the Senate President is celebrating was the brainchild of the Yar’Adua administration. During that era, the then minister of commerce and industry, Chief Achike Udenwa had rolled out an elaborate programme for the sensitization of Nigerians for the patronage of made in Nigeria goods.

    In those sensitization meetings, stakeholders overwhelmingly embraced the idea as it would in part address some of the problems that had over time militated against industrial development. The campaign was launched with much fanfare in 2009. And at the launch, Yar’Adua who was represented by his deputy, Goodluck Jonathan had announced a number of measures to promote made in Nigeria goods and stimulate domestic production.

    He banned the serving of foreign tea and all manner beverages in government offices and functions. That was not all.  He directed that henceforth, all contractors must give priority to Nigerian made products. In addition, all uniforms and boots of the armed forces must be sourced locally. It is now seven years that directive was given.

    And if the armed forces are just aligning themselves to that order seven years on, it only illustrates most glaringly, the yawning gap between policy pronouncement and their implementation. That is perhaps why Saraki is beating his chest for the credit of strengthening the procurement law. The coincidence of the purchases by the army may well be a consequence of the Senate action.

    Now it has been given the force of law, it is hoped that all ministries, agencies and departments of government must give priority to it in their procurement plans. That should be the starting point for the Minister of Budget and National Planning, Udo Udoma who had indicated government’s plan to embark on the campaign to encourage Nigerians buy made in Nigeria goods.

    With the government taking the lead, it will become much easier for the ordinary people to follow. Example they say, is better than precept. It had hitherto been contradictory for the government to be parroting the campaign when in all its actions it did the contrary. We also expect to see in the days ahead the arraignment in court of law, institutions that flout the new procurement law so as to serve as a deterrent to prospective offenders.

    The sentiments expressed by Saraki on patronage of locally made goods being the panacea to our underdevelopment are in order. That idea had long been shared by previous regimes. But the necessary incentives and support infrastructure that would catalyze industrial development have all been lacking. So, in this drive to get our people consume what we produce locally, the environment must be made business friendly to enable manufacturers perfect on their production and withstand the stiff competition arising from trade liberalization.

  • Govs, private sector will make ‘Made-in-Nigeria’ successful – Accenture

    Govs, private sector will make ‘Made-in-Nigeria’ successful – Accenture

    The Managing Director, Accenture Nigeria, Mr. Niyi Yusuf, in an interview at the recently concluded NESG, spoke on how Nigeria can achieve self-sufficiency and promote the Made-in-Nigeria initiative.

     

    Do you think what NESG pulled out from this gathering will contribute in repositioning the country towards the path of sustainable economic growth and development?

    We must know that the choice of the theme of the summit ‘Made-in-Nigeria’ is deliberate bearing in mind the crisis the country is going through today which is largely caused by high import volume, Nigeria is almost importing everything either as direct input or secondary inputs without substantive export strength. And so, my own thinking is the NESG is doing this for a number of reasons.

    One, is to communicate to all of us the urgency of the situation and why it is important that we take a critical and almost immediate action or actions; considering that we don’t have the latitude of time to say that we will do this next year or the next two years.

    This is because we cannot predict when the price of crude oil will go up.  Most people say the price of crude oil will not go back to one hundred dollar anytime soon. This means, we need to wake up and begin to take proactive actions, acknowledging that there is need to evolve a sustainable long run solution to this problem.

    So I think that NESG is propelled by the crucial need for us to reduce the level of imports and improve our local production particularly in the non-oil sector, the real sectors, such that it takes over from oil as our foreign exchange earner, increase our export volume, solve our balance of payment problem and promote Nigeria to the place of self-sustainability.

    One key thing therefore is that we come out of our dependence on imports and as we can see the president’s speech during the summit alluded to the fact that he also understands that ‘Made-in-Nigeria’ drive is very important.

    The second thing I believe the summit will help us achieve is about setting priorities. We need to achieve certain targets in every sector but we have limited resources in terms of time, men and material, so we need to prioritize our efforts, so the NESG provided opportunity for various stakeholders to agree on what the immediate priorities are across sectors, so that we know that those priorities are where we should focus our energy, resources and investments; such that when we achieve one target, we can then move on then move on to the next set of priorities.

    The third thing is communication; letting people be aware of what the challenges are, what the potential solutions are and in which area/areas and more importantly what each person needs to do as well as to understand how can each person contribute to ensuring that we achieve the ultimate goal of making this country to be self-sufficient in certain things since we know that we will always continue to import. At least we have achieved self-sufficiency with cement; we also need to achieve it with the petroleum sector. As we know, Nigeria is the only member of OPEC that still imports refined crude.

    So if all we do is achieving self-sufficiency in some of these critical areas and then push our government to provide the enabling environment and infrastructure to ensure that these things work; be it electricity, good road networks and intermodal transportation, then we can say that the NESG summit 2016 is a very successful one.

     

    We can see from the political side that the president has the political will but are the policies coherent enough to drive the needed change?

    As you just stated, the political is now available but I think the policy environment has to be reviewed, updated and fine-tuned to reflect the ever changing dynamics. For instance there are issues about multiple of regulators with overlapping functions. What we find is that we have so many regulators. So you ask yourself; we have those regulating the doing of things but we do not have those promoting the doing of things.

    NAFDAC for example will tell you that its role is to regulating the manufacturing of drugs and food etc.; you equally have Standards Organization of Nigeria whose role is regulate and ensure that production conforms to certain standards, but which agency is promoting the doing of things? Who is that regulator that is working with the manufacturers and SMEs to ensure that they survive harsh economic situations or policies, to produce items and remain in business?

    In the course of the summit, the MD of the Nigerian breweries said that if you want to register a company you have 14 regulating institutions, if you want to place adverts you have four regulators. So it will be nice if we have four regulators that will be pushing and promoting agriculture and agribusiness, local production by providing appropriate intervention that stimulates production.

    We talk about increasing the ease of doing business and it is quite commendable that government has set up a commission on that, so we pray things will eventually improve. Look at the Nigeria Customs Service (NCS), customs have four core functions including: collection of revenue; anti-smuggling activities, border protection and trade facilitation. In other countries like in the US, customs focus primarily on trade facilitation but in Nigeria they focus primarily on revenue generation and then secondarily on border protection and lastly trade facilitation.

    These are some of the policy issues we need to review. Government set up the export expansion grant in 1999 to encourage non-oil exports but for the last three years it has been suspended because of abuse. I don’t support the abuse but you cannot throw away the baby with the bad water; you cannot because of abuse by some persons suspend an incentive programme that can deliver the country from its economic perils by increasing the level of non-oil export for the country.

     

    What is Accenture doing to help the government in area of job creation and also in driving the ‘Made-in-Nigeria’ idea?

    As part of our corporate citizenship initiative, we have what we call Skills to Succeed (S2S) which focuses on two major things; training young people to become employable and the second focus is on training business people to be able to upscale their business and begin to do well in their business through training in business planning, book keeping, packaging etc.

    Accenture also mobilises people, partners, clients and others and strive to make a measurable and sustainable difference in the economic vitality and resilience of individuals, families and communities.

    For instance, every year for the last three years, we supported Lagos Chamber of Commerce and Industry (LCCI) to mentor and train 50 SMEs every year, acting as a mentor for young SMEs.

    Accenture provides capacity building to young SMEs to allow them do their business better while helping the job seeking ones gain requisite employable skills.

     

    Nigeria is passing through hard times that could be related to commodity price shocks and exchange rate volatility; what do you think are quick-quick policy options that the government can employ to get the naira back to better values in relation to the dollar?

    I think the exchange rate issue is a problem of supply and demand. Because we do not earn enough forex supply, the supply is lower than its demand. So government needs to find means of increasing supply and also reducing the demand for foreign exchange.

    The CBN is already working on a number of initiatives such as diversification and listing of certain items that are not eligible for forex; those are all means of reducing demand for foreign exchange.

    Another means of reducing demand is by promoting the consumption of made-in-Nigeria goods and services. For instance, a US official on official trips will only fly the US airlines, if that ticket will be purchased by the US government; this reduces their import volume and strengthens the US dollar. So we need to promote patronage for our own products and services as a way of reducing demand for foreign exchange.

    As we all know, government is everywhere a big spender; in the US, there is what we call Small Business Administration (SBA) which basically function towards increasing the viability of small businesses by ensuring that 23 per cent of prime federal contracts are given to small businesses.  Nigeria can domesticate this policy as a way of encouraging operation of indigenous local industries and promoting buy Nigeria.

    Structurally, it about increasing our level of self-sufficiency in some critical sectors and in effect lower our demand for foreign exchange.

    For instance, rice when I was growing up, used to be a weekend delicacy but now rice is almost taken as a three square meal seven days of the week with this consumption heavily dependent on imported rice. If we can become self-sufficient in rice, it will reduce demand for forex and as this demand falls, prices will fall.

    Talking about increasing the supply of forex, we suppose to make the position of the CBN clear that you can bring in forex to invest in Nigeria and you will not have any problem taking it out when you want to repatriate your dividends to your home country. Also government can take low interest multilateral loans. These strategies could be seen as immediate first aid before we start talking about attracting long term foreign direct investment because as we know, FDI looks for an area of high returns and acceptable risks and so that may take a while to come.

    Another easy way of getting these funds is assets sale but we need to look at what should be sold, how it should be sold and who these assets should be sold to. These are the key issues that would ensure that we achieve desired result. But fundamentally, selling what you have to get what you want is an old principle.

    Next is by addressing the problem we have in the Niger Delta. Part of our major problem today is largely caused by fall in foreign exchange earnings accruing to the Nigerian oil sector. We are talking about fall in price in the international market which is a global issue but then we still have the problem about reduction in production due to Niger-Delta militancy. So if we address the issue about militancy such that production goes back to 2.2 billion barrels a day, we can have more forex, selling a higher quantity even at a reduced price.

  • “Made in Nigeria”: Towards Nigeria’s Economic Renaissance (3)

    Made in Nigeria”, as Aboyade would have perceived it, is a strong and intuitive slogan with a very strong emotional and patriotic appeal. “Made in Nigeria” is a brilliant development strategy worth investing concerted energy in the policy space. It points attention to development imperatives, it is definitely the kind of creative rethinking that Nigeria requires in transforming its development framework.

    But then, the question remains: What can we do with this creative initiative outside of a well-calibrated development plan and reform framework that combine policy intelligence, strategic development communication and disciplined implementation dynamics? I see strong structural weakness in existing  development planning system apart from the deficit in policy intelligence.

    Kenichi Ohmae, the Japanese business strategist, concludes the matter: “What we need today…is not a new theory, concept, or framework, but people who can think strategically.” A national planning system is only as good as the leadership that is willing to get through its complexity through analytics and implementation rigour. What needs to be done is simple: Nigeria needs to inflect the “Made in Nigeria” campaign with the fundamental elements of its development plans. “Made in Nigeria” needs to become the serious slogan around which Nigeria’s development is really ready clean the economic Augean stables of the present and to bring democratic development alive for Nigerians.

    Summing up therefore, it is clear to any discerning mind that Nigeria’s predicament is essentially a structural one: In sum, these challenges are entrenched in the weak productive and high consuming structure of the economy. If structural imbalance is the problem, what is the solution? There are of course several perspectives to the solution of Nigeria’s socioeconomic problems. One however stands out as the most fundamental because it goes right to the root of what every progressing nation will do to sustain its drive towards becoming increasingly developmental.

    Progressive nations plan. And to fail to plan is to unwittingly plan to fail in development terms. Planning is one word that both captures Professor Aboyade’s economic philosophy and outlines his economic reconstruction dynamics. This reform of the national planning system definitely will be a profound tribute to the memory and unqualified patriotic contribution of Prof. Aboyade’s contribution to the unfolding of an economic renaissance in Nigeria.

    Reforming the national planning systems is therefore a first critical strategic policy move to make. This first and most fundamental step in this reform process would be to create a shift from central planning to a mix of strategic planning and scenario planning that creates critical balance between short, medium and long-term planning. Important as a support is future research and contingency planning that strengthens early warning strategic policy intelligence and response capacity. Secondly, the development planning theory underpinning national planning as framework and assumptions must be right otherwise the country, technically, is not planning at all. Thirdly, the role of the state as macro-assumption must be properly defined and operationalised relative to the private sector in their shared responsibility as engines of growth of the economy.

    This is not rhetoric. If properly conceptualised, its implications for public service institutional functionality, the framework for public private partnerships as well as service delivery praxis would be very easy to derive. Otherwise, the operating business model of ministries, departments and agencies (MDAs) will be dysfunctional, confused as presently is and counter-productive. Four, the inter-governmental framework for national planning as presently practiced is anything but federalism. There is in place simply, a federal government department which interact with state governments through the National Economic Council (NEC) and cannot be properly called a national planning commission.

    Professor Aboyade proposed a new framework for planning that promises high impact and effect on sustainable development. In his words: “The inevitable framework for this is a new concept of planning that embraces the whole economy and is fitted to a long-term perspective of social change. This must call for a new form of planning organization for better social communication. Planning in  … Nigeria must be a synthesis of ‘planning for policy’ and ‘planning for resources’. As Ranis and Fei aptly remarked, ‘such planning can neither afford to close its eyes to the heart of the developmental problem – the need to insure mass participation across the vast landscape of the less developed economy – nor can it afford to proceed exclusively on the basis of intuitive slogans or non-quantifiable and non-testable criteria” (Aboyade 1971: 67).

    Professor Aboyade’s position was that for any economic policy to have intended outcomes, three ingredients are necessary. “The first of this tripod base is minimization of the immediate bottlenecks to expansion of output. The second is the necessity to reform strategic economic policies and make them mutually consistent for the requirement of optimum growth. The third lies in the area of social communication and the improvement of economic organization for effective planned development. For good results, it is essential that proper measures are taken simultaneously on all these three fronts” (Aboyade 1971: 64).

    Beyond the rhetoric, Nigeria’s future is hinged on how quickly and sustainably she diversifies her economic base. Economic diversification is the antidote to most of the development challenges facing Nigeria today. The weakening Naira, the high and rising youth unemployment, terrorism in the North-East and disruptions of oil production in the Niger Delta are all rooted in the country’s limited economic diversification. There is, therefore, real need to look inward to diversify both economic and fiscal base. Nigeria is superabundantly blessed with natural resources that could form the fulcrum for diversified economic activities. The country is blessed with rich arable land ranging from tropical to temperate and capable of planting virtually all crops. In existence are diverse commercially exploitable mineral resources where the country could lay claim to high comparative advantage. At least 44 minerals have been identified to be available in commercial quantity spread across the country. Nasarawa is christened ‘State of Solid Minerals’ because no less than 20 minerals have been identified to be available in the State in commercial quantity. Also, no less than 11 States reportedly have deposits of limestone. Focus on developing the value chain of commodities for which the country has comparative advantage. This is the sure way to stronger and sustained economic development.

    Serious and ingenious thoughts and policies are needed to turn this comparative advantage into competitive advantage. All levels of government should look inward to identify these opportunities and craft strategy to exploit them. This action will ensure all Governments change their behavior of depending on monthly Federation Account allocations to survive. What are the potential alternative sources of fiscal revenues other than the Federation Account? What are the commercially exploitable activities at the Federal and State levels that could be developed? Is it tourism, Nollywood and other forms of entertainment, agribusiness, or agro-processing?

    multiple taxation? Given the fiscal revenue stress in the country, public-private partnerships should be explored as a viable alternative strategy for delivering the essential enabling infrastructure that would structurally transform the economy and promote sustainable growth.

    Generally, sustained economic growth means increase in national output and national income emanating from rising aggregate demand and aggregate supply or productive capacity. This can only occur with lower interest rates that reduce the cost of borrowing and as such encourage spending and investment, increased disposable income that promotes household consumption, increased government spending, diversified and increased net exports. Others are good quality institutions, human capital development, favourable macroeconomic policy environment, and diversification of the economic base. National and sub-national governments should focus critically examining this general framework in the specific context of the realities on ground with a view to identifying the main sources and ingredients of growth that is capable of ensuring the country produce and consume what it produces in a sustainable way.

    We need to deepen the buy Nigeria campaign by deploying the full compliments of strategic development communication tools and skills. The essential message is that, every foreign good we consume creates jobs for foreigners at the expense of our people and transfers wealth to the countries producing the goods. It also contributes to weakening the Naira through increased demand for foreign exchange to purchase these foreign goods. The inverse holds when we buy made in Nigeria goods. To encourage increasingly diversified productive domestic economic base with the attendant job creation, wealth spread, forex inflows and strong Naira, we must patronize goods and services made in Nigeria. From Onitsha to Kaduna, from Lagos to Kano, Nigerians are bubbling with ideas and producing diverse locally made goods of value and quality. Adire, shoes and other leather materials, textiles and fashion designing, automobile assemblage, Nollywood, comedy, and so on. These are goods and services that are unique and can be sold to the world in addition to local consumption. These goods have high potential for value chains development and global integration. At governmental, organizational and individual level, we should provide moral ground and justification for encouraging others, be it fellow Nigerians and foreigners, to buy Made in Nigeria goods. Granted, there are several ongoing campaigns on personal, organizational and government levels to drum support for patronage of local goods and services. But to do this effectively and ensure we achieve the desired objectives, we must live by example, we must walk the talk. We must take the lead and show political will by patronizing made in Nigeria goods. Only then can we have the moral justification to engage in widespread advocacy to encourage others to follow suit.

    Leveraging on the competitive federalism of the first republic in Nigeria, there is a critical need to promote healthy competition at the sub-national levels. Healthy competition promotes healthy outcomes in several respects. It breeds innovation, helps identify strengths and weaknesses, promotes focus, helps develop creative thinking, assist you overcome complacency, promotes adaptation, encourages smart policies, and gives room for learning. A mutually agreed instrument and framework voluntarily acceded to by States in political, economic, and corporate governance values, codes and standards holds high potential for promoting impressive socioeconomic outcomes among the States and setting new vision for the revival and development of Nigeria in a sustainable way.

    As the adage goes, “fingers are not equal”. This is true of the States. Some States are more advanced in socioeconomic development, in capacity, in policy, and in several other important areas. This is not a challenge but presents opportunity for peer learning for effective State level development. A starting point could be for States with less growth progress to choose a State among those that are doing better and target it as a role model. Of course, this would be comparable States with similar characteristics and ‘endowments’, maybe geography, natural resources, markets etc. What is the State doing differently that is giving it better results? What lessons can be learned from its policy interventions? Considering and answering these questions objectively would help promote healthy competition, peer learning and improved national socioeconomic outcomes promoted through healthy competition among the States.

    There is equally compelling need to promote national value reorientation through effective development communication strategy. There is need to ignite and reignite a new national mental model through national values reorientation and cultural change. This is especially true with our production and consumption pattern. Today, the growing and voracious middle class which is a major opportunity is turning into a challenge given their preferences for foreign made goods at the expense of locally made products. This class of people prefers to take foreign made cereals for breakfast. They prefer to travel overseas for medical care. They prefer to send their children to foreign school. They prefer to wear designers clothes, shoes and carry designer bags while several good quality alternatives exist at home. They prefer holidays spent in Labadi beach in Accra while there are several exotic beaches in Lagos in addition to Obudu Cattle Ranch, Yankari Games Reserve and similar tourist attractive places at home.

    This is a wakeup call to the National Orientation Agency to be more active in promoting the national value orientation and reorientation. The National Youth Service Corp should also undertake rigorous mental and psychological reorientation for the youths before joining the middle class. We also need to start training our young ones at early age while in the primary and secondary schools because what they learn at this age is likely to influence the pattern of their lives much more. Reintroduction of civic education at these levels of education is imperative.

    A great positive signal will be sent into the national mental model if government in truth and in spirit is seen as genuinely making move to restore meritocracy in development management through depoliticisation of critical national appointments. This is the way to send good signal to upcoming generations that it pays to be skillful and talented. In progressive economies, knowledge, innovation and relevant skills are the core determinants of competitive edge and economic progress. The emphasis is now on knowledge economy driven by youths and younger generation variously referred to as “information society” or “learning economy”. Ability to demonstrate knowledge, skills, creativity and talents, therefore, is the main determinant of engagement in the national development management activities and national appointments in progressive societies and countries. This culture should be encouraged by the political decision making class. Meritocracy in engagements in key national development engagements would promote engagements of the best brains that are capable of making a major mark on development policy like Professor Aboyade. Politicization of such appointments will neither ensure emergence of high performers nor produce the best results.

    Promoting policy intelligence through institutionalised policy platform of ‘Town and Gown’ to foster policy and research synergy is core critical strategy move to establish Nigeria’s place in the knowledge age and global competitiveness. There is need to leverage global knowledge networks and community of practice to drive policy. Also important is the need to bring back the Aboyade’s era where strong interface between academic and policymakers was forged for effective development policymaking. Academics, think tanks and research organizations are undertaking studies that are either not policy relevant or those that are policy relevant do not get to the attention of the political class and policymakers. There is need, therefore, to strengthen and reinforce the policy-research synergy for effective development policymaking. Rather than drive policymaking through ad-hoc approach, a better structured and institutionalized policy setting that leverages ‘town and gown’ approach holds higher promise for development policy.

    The possibility of an economic renaissance in Nigeria seems a far-fetched thought, given the present ravages inflicted by economic recession. We can point at the economic history of Singapore and the East Asian Tigers as encouragement. But in the final analysis, Nigeria must take her own steps, make her own history and transform her destiny through her own policy architecture that truly empowers. It is only then that the “Made in Nigeria” initiative would become a signal to a new national beginning.

  • Saraki makes case for made-in-Nigeria goods

    Saraki makes case for made-in-Nigeria goods

    Senate President Bukola Saraki yesterday said Nigerians must patronise locally-made goods to develop the economy.

    He added that the Senate cannot legislate patriotism.

    The senate president spoke at the Made-in-Nigeria Festival at Eko Atlantic City, Lagos yesterday.

    Saraki, who was represented by Senator Eyinnaya Abaribe, said: ‘’There is need for Nigerians to begin to look inwards as far as locally-made goods are concerned. The Senate, since inception, has maintained it will always put Nigeria first. Once the procurement Act gets signed into law by Mr. President, people would have to first demand for made-in-Nigeria goods before they look elsewhere.

    ‘’We have also urged Mr. President not to wait for the legislators but to take steps to compel people to buy Nigerian made goods. People from the public sector must be made to demand for these made-in-Nigeria goods too”.

    Also speaking as panellists were Senator Ben Murray-Bruce, Consumer Protection Group founder Ms. Sola Salako, ChapelHill Denham chair Mr. Wale Edun and All Progressives Congress (APC) National Legal Adviser Dr. Muiz Banire.

    Murray-Bruce said: ‘’People here have been talking about the legislators amending the Procurement Act in Nigeria but the truth is that we don’t need a legislation to make a Governor know that he needs to patronise made in Nigeria goods. We spend $1bn educating our children in Ghana, why can’t it be spent here? $2.3bn is used to import rice in Nigeria. I don’t think our issues is about not having laws, we have laws. That’s not a problem. We are in trouble; this is the biggest recession I have ever seen in my life time. Nobody can legislate how you feel about yourself. I bought Innoson cars because I wanted to not because I was made to. I fly Arik abroad because I want to not because I am compelled to. We cannot legislate patriotism”.

    Ms Salako said ‘’I feel this made-in-Nigeria conversation is what we should be having. I don’t think the Senate is doing enough. I sit in a place where I listen to consumers every day, I listen to their pain. I feel we don’t have enough legislative support that will make the consumers get value for what they spend.”

    Banire also gave his thoughts on the discussion by saying: ‘’It is possible for the Senate to pass these bills, it’s just a matter of priority for them if they deem it important. The Senate must make it compulsory that anything available in Nigeria should be patronised. Today,the Procurement Act has not been passed in some states. We must fashion out a way for these states to embrace it. Some of the products coming from outside are sometimes cheaper than the locally made ones”.

  • Made-in-Nigeria Festival starts Monday

    The Made-in-Nigeria Festival will hold at the Eko Atlantic City, Victoria Island, Lagos from Monday to Saturday

    October 1. The theme for the event is ‘Innovate, Connect, Power the Future’.

      The expo is designed to create opportunities and foster networking. Over 600 exhibitors comprising global brands and Nigeria’s biggest brands and businesses make up the exposition. It is open to all Nigerian brands and businesses providing products and services for the Nigerian market.

    MaIN Expo covers over 22 sectors, including key thematic areas. They include: food and beverage, auto, healthcare, fashion and beauty, telecommunications, furniture, banking and finance.

    It is a private sector-driven initiative that seeks to create a platform for the maximum expression of the true Nigerian spirit of creativity, enterprise and resilience among others.

    The MaIN Agenda would serve as a concrete action proposal that details urgent interventions in each of the 5 key growth sectors mentioned earlier.

    The MaIN Summit is a platform for government leaders, private sector and industry experts to address matters related to Nigeria’s economy. It would also serve as a medium to explore opportunities, exchange innovative ideas and forge new partnerships.

    Billed to speak at the summit is Vice President Yemi Osinbajo who will deliver the keynote address. The Chairman for the event is Asiwaju Bola Tinubu.

    Other dignitaries to attend are the Senate President  Bukola Saraki, Ogun State Governor Ibikunle Amosun,  Minister for Information & CultureAlhaji Lai Mohammed, Airtel’s MD/CEO Mr. Segun Ogunsanya, Minister of Works, Power and Housing Babatunde Fashola , Dr. Jumoke Oduwole, Alhaji Aliko Dangote, Senator Ben Murray Bruce, CBN Governor Mr. Godwin Emefiele, Mr Ronald Chagoury, Minister Industry, Trade and Investment Mr. Okey Enalamah , Access Bank MD/CEO Mr. Herbert Wigwe  and First Bank Chairman Mrs. Ibukun Awosika.

    The festival will end with Supremacy Concertwhich will hold on October 1 and will feature King Sunny Ade (KSA), Asa, 2Baba, Dbanj and Wizkid.

  • Reviving economy: Experts set agenda for 22nd NES

    Reviving economy: Experts set agenda for 22nd NES

    In the midst of what some analysts describe as the worst economic downturn in decades, Nigerians have spared no effort in making known their discomfort and disappointment at the present economic realities. The grave misdeed of too much dependence on the sale of crude oil for revenue generation cannot be overemphasized, this is why, when oil prices fell from more than $100 a barrel to about $40, the Naira lost more than a third of its value and is still falling.

    For the foreseeable future, signs abound that the price of oil will remain low, not only because of oversupply in the market, but also as a result of several other indices, green technology is catching up both in cost and efficiency, also manufacturing, ICT, agriculture and other viable alternatives to oil are been embraced around the world as part of efforts to create a stable economy in order to withstand global uncertainty.

    As a huge consumption economy, Nigeria is definitely paying a costly price of being unable to feed itself, resulting in undesirable economic growth, dwindling foreign reserves, stress in balance of payment and a constant mounting pressure on local currency exchange rate relative to major currencies. Commendably, discussions on diversification have been held at virtually all economic and business sessions in the last few years, with many conclusions on the need to consciously adopt the change in Nigeria alternative.

    Speaking on the need to embrace the made in Nigeria initiative, Erudite economics scholar, Professor Gafar Ijaiya of the department of economics, University of Ilorin, describe the made in Nigeria initiative as long overdue, expressing that Nigeria enjoyed a rich and vibrant economy during the early days of deliberate localization “in the decades following Nigeria’s independence in 1960, before we fell into the trap of overdependence on oil, we had very vibrant industries that were producing for our local consumption, The manufacturing sector helped to stabilize the nation’s economic development in terms of employment, export and agriculture which serves as source of foreign exchange earnings, however,  when the oil boom came, we abandoned all that worked for us and gave undue concentration to oil which contributed to the present economic realities”

    Calling on delegates at the forth coming NESG 2016 summit to provide valuable recommendations that will lead the country in the right way out of the present economic recession, Ijaiya maintained that local production and consumption is a must for any economy facing recession “Any economy that wants to survive a recession must learn the strict culture of self-sufficiency, particularly as it concerns moribund industries, strengthening the agricultural sector and even empowering ICT, we must go back to the drawing board and embrace the spirit of growing, producing and buying our own if we are to experience success from the change agenda of the present administration”.

    Interestingly, the 2016 and 22nd Nigerian Economic Summit has, as its theme, “Made in Nigeria” and experts are looking forward to leading discussions that will inform the structural and fiscal changes required to strengthen the Nigerian Economy, Setting an Agenda for the summit, Foremost business consultant, financial analyst and columnist Opeyemi Agbaje, CEO, RTC Advisory Services Limited,. Commended the choice of this year’s theme, describing it as a step in the right direction as long as the sentiments are objectively articulated.

    Opeyemi Observed that the country still needs to work on getting its policies right “For me, we still have to get our policies right, for example, there should be discussions about attracting investors, which I would love to see addressed at the summit, secondly the foreign exchange conundrum needs to be fine-tuned,

    “We have spoken extensively on oil dependence, but I say that, Nigeria’s economy is diversified, since the contribution of the oil sector is reducing drastically as we have seen non-oil sector make significant contributions to the country’s GDP. However, made in Made in Nigeria for me means  a very strong domestic Non-oil sector, which comprises agriculture, manufacturing, tourism, education and other industries in Nigeria, exporting to the world,  so in the end, we don’t just stop importation, but we ensure to sell our made in Nigeria product, services and ideas to the world,” he summed.

    As the nation awaits recommendations from the 22nd Nigerian Economic Summit, in the approaching weeks, the made in Nigeria agenda will ultimately guide discussions and the overall direction of the summit especially at this time of pronounced economic recession.

    The production and consumption of made in Nigeria goods and services will progressively help in maintaining a trade balance between imports and exports, conserve and even add to our foreign reserves while reducing the pressure on the Naira to other currencies, above all a wholehearted support of the made in Nigeria drive, will help to achieve self-sufficiency.