Tag: Ohuabunwa

  • How to improve access to quality medicines, by Ohuabunwa

    From manufacturing to pharmacy, medicines often endure long journeys before they are consumed.

    Complex supply-chains with fluctuating storage conditions can lower the quality of medicines or open up opportunities for the infiltration of falsified products.

    According to Pharmaceutical Society of Nigeria (PSN) President, Mazi Sam Ohuabunwa, this poses a serious problem in a country like Nigeria that depends on imports for most of its essential medicine needs.

    The PSN chief, who spoke during the World Pharmacists Day, lamented that lack of quality medicines remained a big issue in the country mainly because of menace of fake drugs.

    He attributed the problem of falsified medicines to import, which he insisted is more difficult to monitor and regulate. Although Ohuabunwa admitted that the prevalence of falsified medicines is no longer high, he insisted that the majority of falsified medicines are imported. It’s easier to monitor local manufacturers, especially under a more efficient leadership being provided by the National Agency for Food and Drug Administration and Control (NAFDAC) and the Pharmaceutical Council of Nigeria, he said.

    If local production of essential pharmaceutical products is encouraged by the government, Ohuabunwa believes the tide can change – to the betterment of patients. To achieve this, he recommended regulation and technology. He identified infrastructure, and drug control gaps as challenges hindering improvement of pharmaceutical care.

    The PSN boss said lack of support by policy makers and cooperation by other healthcare professionals is widening the gap in the quality of healthcare between Nigeria and other countries, including those in our level of development.

    He stressed on the need for improved transportation and electricity, which he said would “have a big effect on the delivery of safe and effective medicines to Nigerians through timely delivery of pharmaceutical products and adequate storage temperature, especially for cold chain products, like vaccines and other heat sensitive products.”

    He added that ethical and psychotropic drugs must be taken from the streets, stressing that this is part of what the pharmacy bill will do if passed into law.

    “The control of dangerous drugs and every day medications goes beyond forming of committees. The laws are archaic and offenders leverage this to promote the illicit circulation of these silent weapons of mass destruction. The National Drug Distribution Guidelines was conceptualised about seven years ago, which would have addressed the open drug market and reduce irresponsible access to medication and counterfeiting to tolerable level. It is unfortunate that this proposition is yet to see the light of day,” he said.

    On the regulation of pharmaceutical practice, the PSN chief said the regulation needs to wholesale to have the desired positive impact that can enhance healthcare outcomes in the country. “The regulation of medicines must be total as drugs are potential poisons and need to be handled with adequate knowledge.

    He added that the PSN is working  with regulatory bodies to ensure the pharmacy space is opened up for more  practitioners,  to guarantee access to medication for the public through the establishment of satellite pharmacies, which can only be achieved with the signing of the pharmacy bill into law.

    Instead of concentrating in urban centres alone, he said satellite pharmacies would encourage pharmacists to open up outlets in rural areas so that more Nigerians can have access to quality and safe medicines.

    On what he expected Nigerians to benefit from the World Pharmacists Day, Ohuabunwa advised the  public to stop patronising fake medicine dealers, stressing that it is only pharmacists that are trained in the handling and compositions of drugs.

    He stressed that there are five basic rights that must be followed at all times before medication safety can be assured. According to him, the five rights are ensuring the right dose of the right medication is administered to the right patient at the right time and by the right route. As simple as this may appear, he warned that such rights are personalised for each patient, since they are modified by demography, health condition, physiological status and possible allergies.

  • Orji Kalu defeats Ohuabunwa in Abia

    •Incumbent senator kicks

    A former Abia State Governor, Orji-Uzor Kalu, has delivered the Bende Local Government for President Muhammadu Buhari in Saturday’s presidential and National Assembly election in the area.

    Also, the senator representing the Abia North, Mao Ohuabunwa of PDP, lost in his reelection’s bid to Kalu of All Progressives Congress (APC).

    Buhari polled 9,233 to defeat the People’s Democratic Party (PDP) presidential candidate, Atiku Abubakar, who polled 6,649.

    The returning officer for the presidential election in the area, Prof. Nnennaya Ibiam, announced the result yesterday at the INEC headquarters in  Umuahia, the state capital.

    Also, member representing Isikwuuato/ Umunneochi Federal Constituency in the House of Representatives, Nkeiruka Onyejeocha, won election for the fourth term.

    She was declared winner after polling 14,712 votes to defeat her closest rival, Mr. Ude Achara of PDP, who polled 10,064 votes.

    In Bende Federal Constituency, Benjamin Kalu of APC also polled 9,138 to defeat Chimanyaso of PDP, who polled 5,591.

    The returning officer for the constituency, Mr. Martin Okoro, declared him winner after announcing the result.

    The returning officer for senatorial election, Dr. Charles Anumodu, declared Kalu winner, having polled 31,203 votes to defeat Ohuabunwa, who polled 20,801 votes and the candidate of the All Progressive Grand Alliance, Chief David Ogba, who scored 11,410 votes.

    Ohuabunwa, however, rejected the result in a statement issued by his campaign organisation.

    The senator, in the statement signed by Mr. Ukpai Ukairo, stated that there has not been a return on the Abia North election, stressing that the true position was that results were still being collated.

    The statement reads: “It has come to our knowledge that INEC operatives in their haste to arrive at a pre-determined conclusion manipulated the electoral process to the shock of all well-meaning patriots, who believe in democracy.

    “In this respect, it is tragic that INEC could conduct an election without the issuance of form EC40G, a form used to capture cancelled votes and places where there was no voting.

    ”In the circumstances of the above, we demand that the Resident Electoral Commissioner in  Abia State should direct the Returning Officer of the Abia North Senatorial Election to make the requisite declaration in accordance with the dictates of Rule 17E(e) of the guidelines for the conduct of elections issued by INEC by cancelling the elections completely.”

     

  • My vision for healthcare delivery, by Ohuabunwa

    Ahead of his inauguration, the newly-elected president of the Pharmaceutical Society of Nigeria (PSN), Mazi Sam Ohuabunwa, has unveiled a seven-point agenda on how he will improve healthcare delivery, reports ADEKUNLE YUSUF

    The new president of the Pharmaceutical Society of Nigeria (PSN), Sam Ohuabunwa, has promised to improve the health sector.

    At his maiden briefing in Lagos to herald his inauguration, the industrialist unveiled a seven-point agenda.

    To achieve this, Ohuabunwa, a pharmacist, said top on his list is the provision of a framework for healthcare.

    The PSN chief also said he would integrate pharmaceutical care and actualise take-off of the National Drug Distribution Guidelines (NDDG) for proper drug distribution to reduce adulterated and fake drugs in the market.

    On drug and substance abuse, he said the problem would stop when pharmacists were allowed to take the custody of drugs as it is done globally and educated Nigerians on the effects drugs abuse.

    “We can all agree that our country will fare better if, we (pharmacists), take control of drugs and medicines as it is done in civilised climes of the world.The carefree attitudes with which drugs have been handled have resulted in the hydra-headed monster of drugs and substance abuse, and we are struggling to take control. If nothing drastic is done, our security indices, which is frightening, may worsen and the entire security fabric of our nation may collapse,” he warned.

    The industrialist added that he would boost ehance pharmacists welfare and let their voices count on drug-related issues.

    ”We shall protect and fence the profession. As you know, every service you can get from many sources no longer attracts respect.  If people can access medicines anywhere, anyhow, in the market, on the street, on the road, then the role and significance of a pharmacist is diluted.  So, our desire is to protect the profession and create an environment that will ensure that the way drugs are distributed and handled gives opportunity for both the empowerment of pharmacists and gives integrity to medicines.

    “I know we’ve been speaking about this for a long time and I’m happy that the government has provided some guidelines for drug distribution to limit the availability of drugs in wrong hands. I will work with PCN and other relevant bodies to ensure that the guidelines are properly implemented.”

    Also integral to his agenda are issues of equity and fair play as well as proper remuneration of pharmacists in the public and private sectors. He promised to  solve the rivalry problem in the setor, which he said, would bring about improvement in healthcare delivery. “Look at hospital pharmacy; it is marginalised. When I was a young pharmacist, the difference between what I earned and what my young medical doctor colleague earned was so small.  It was because they were just one grade above us, because they spent one year more on education.

    “Now, the number of years in training is becoming similar, but the gap in income has widened. I believe this is because we have not appropriately made our case to the right quarters. There are agencies of government mandated with fixing of salaries and we need to show what the job profile of a pharmacist is and its relativity to other healthcare and non-healthcare workers and professions,” he said.

    The former Neimeth boss also promised to push for the signing into law of the Pharmacy Bill, which has been passed by the National Assembly, but awaiting presidential assent. According to him, the bill is not for pharmacists alone, but all Nigerians because it promises to revolutionise and strengthen all aspects of pharmacy and healthcare.

    Displeased by the hardships young pharmacy graduates go through in getting internship placements, Ohuabunwa said his administration would address the difficulties by bridging the gap to ease internship placement for new pharmacy graduates.”I will also focus on improving the lot of young pharmacists. When I finished from the university, things were much easier for young pharmacy graduates. I’m pained to see what young pharmacists go through. They suffer to get internship placement. I will use every contact I have to ensure that internship placement becomes automatic.

    “It is all about forward planning. We need to identify the number of internship centres we have in the country and also how many pharmacists we are producing per annum. If the internship opportunities are not adequate, how can we expand them?  We can expand these opportunities both in government and in the private sector,” he said.

    On local production of drugs, the PSN president said his administration would support local manufacturing of pharmaceuticals and active ingredients, which would lead to achieving medicines security, adding that the country would gain by boosting local production of pharmaceutical products.

    He decried the reliance on the importation of pharmaceutical products. He said with more than 150 drug manufacturing plants, the country can achieve her national drug security aspiration if drugs are manufactured locally.

    “We shall also look into how to improve the pharmaceutical manufacturing industry sector. I came from that sector and I know that in 1995, we were saying that 50 per cent of essential drugs should be made locally by 2000. Up till today, that is not our reality.  In fact, we are going down. We are barely producing 25 to 30 per cent of our drug needs locally. I will work with the industry and the academia to tackle this challenge.

    “It is not just that about 75 per cent of drugs needed by Nigerians are imported; even the quantum of local input into the drugs manufactured locally is low. We import virtually everything. We need to work with the industry and involve our researchers and academic pharmacists in the process to grow the industry.  We can give them specific assignments that the industry can fund. I believe money can be raised to enable us to conduct problem-solving research. That way the academic pharmacists will have more work to do and will be better rewarded,” he said.

  • Ndanusa, Akande, Ohuabunwa, others join Pearl Awards Board

    Pearl Awards Nigeria has announced the appointment of some notable Nigerians to its Board of Governors from corporate Nigeria.

    Among the people appointed are Dr. Suleyman Ndanusa, OON; Chief (Mrs) Nike Akande, CON; Mazi Sam Ohuabunwa, OFR; Mr. Olufemi Awoyemi, FCA;  Mrs Toyin Sanni and Prince Abimbola Olashore.

    According to a release signed by Olalekan Adekoya, Secretary, Board of Governors, the board was reconstituted as part of efforts to strengthen its governance and enhance the performance of the Awards Project towards the realization of its objectives and to further contribute meaningfully to the growth of the capital market and by extension, the nation’s economy.

    The new board members are top-flight and respected professionals whose wealth of experience spanned the capital market and the financial sector of our economy.

    Dr Suleyman Ndanusa was Director General, Securities and Exchange Commission (SEC) and served as Chairman of Board of SEC between 2013 and 2015.   He is currently the Group Managing Director/CEO, Global Mandate Consulting Limited.

    Chief (Mrs) Nike Akande was the immediate past President, Lagos Chamber of  Commerce and Industry (LCCI). She is also an alumnus of the Harvard Business School and the International Institute for Management Development.

    Mazi Sam Ohuabunwa was the Chairman /Managing Director of Neimeth International Pharmaceuticals Plc. He was also past President, Nigeria Employers Consultative Association (NECA).

    Mr. Olufemi Awoyemi is the Founder/CEO, Proshare Nigeria Limited and WEB TV. Prior to this, he served as MD/CEO, P2P Media Partners Limited. He had earlier worked as Head, Treasury and Management Account, British American Tobacco.

    Mrs Toyin Sanni, a lawyer, chartered secretary and stockbroker was until recently the Group CEO at United Capital Plc.

    Prince Abimbola Olashore is a seasoned investment banker with vast experience and knowledge in the capital market and in financial

    advisory services in the public and private sectors. He was Managing Director / CEO, Lead Bank Ltd.

    The PEARL Awards Nigeria instituted in 1995 is a private sector, not-for-profit, non-partisan and Non-Governmental Organization initiative to reward companies quoted on the Nigerian Stock Exchange for Operational and Stock Performance based on objective and globally accepted parameters, thereby enhancing vibrancy, growth and development of the market.

  • Ohuabunwa advises top executives on self-management

    Executive Vice Chairman, Neimeth International Pharmaceuticals Plc, Mazi Sam Ohuabunwa, has advised top executives to make effective use of their time, money and reputation, which, he said, are the most critical elements in self management.

    Ohuabunwa said this at the Executive Accelerated Induction Workshop, organised by the Chartered Institute of Strategic Managers and Leaders, Africa-Nigeria (CISML), at the Nigeria Institute of International Affairs, Lagos.

    The workshop tagged “Strategy Leadership Practice Today” had top and middle-level executives from different sectors at the induction of about 20 persons into CISML professional membership and licensing as chartered strategic management practitioners.

    Ohuabunwa said top executive managers are the key drivers of growth in any organisation and their ability to make judicious use of their time, resources and image within and outside the organisation was imperative.

    He noted that employees in most establishments are willing to give their best and provide requisite value to the organisation, but their leaders must be effective, efficient and respectable in their actions.

    Ohuabunwa said: “Man is capable of doing much more than his current  attainments as most men will never achieve more than 25 per cent of their capabilities and competent leaders drive the people to do more and give their best at all times”.

    According to him, the image of the manager counts thus, dressing appropriately, talking sense, carrying oneself  with dignity, exuding ennobling values, getting regular feedback from subordinates, peers and super-ordinates are very instructive.

    The President of CSML, Dr. Austin Izagbo, regretted the tragic character deficiencies among leaders in both public and private sectors.

    He said: “We have all skilled people in positions of power, with an ample supply of potential leaders.  Yet  the  leaders  who  are  trying  to  keep  their  nations, companies,  organisations,  and  families  from  sinking  are  either  lacking  or deficient in that vital element of character.”

  • How to make Nigeria work, by Ohuabunwa, others

    President of Nigeria-America Chamber of Commerce (NACC) Mazi Sam Ohuabunwa has identified seven factor that will trigger the much-needed socio-economic greatness in the nation.

    He spoke at the 4th public lecture of the Foursquare Gospel Church in Nigeria in Lagos with the theme making Nigeria work: a job for all.

    Ohuabunwa, the immediate past President of Nigerian Economic Summit Group (NESG), said there must be immediate devolution of power to the federating units for economic progress.

    He described allocation of 70 per cent of the nation’s annual budget to servicing public service as unacceptable and counter-productive.

    He said Nigeria must reduce costs of governance at all levels as well as embrace true fiscal federalism to get out of economic woods.

    According to him: “What we expend on servicing elected and public servants in Nigeria is killing.

    “Why should have 36 ministries and ministers when we can do with much less?

    “Why should we have a bicameral legislature when one chamber is enough? Why can’t we have part-time lawmakers at the federal and state levels?

    “We have to reduce costs of governance by all means otherwise we will sink deeper and deeper into economic mess.”

    He also called for massive investments in education and healthcare, saying educated masses will put government on its toes and make better contribution.

    The founding President/CEO of Neimeth Pharmaceuticals Plc said government must also commit to strict and even enforcement of laws and order.

    He pointed out investors are only looking for physical safety as well as commitment to honouring contracts to pump billions into the nation’s promising economy.

    He assured once government invests in healthcare and education as well as enforce order, the private sector will take over the task of galvanizing the nation’s economy.

    The keynote speaker said government must invest in infrastructure and make job creation the plank of all economic policies.

    “Every week when they award contracts in FEC meetings, we should have figures of how they impart on job creations. Every contract, every policy must create jobs for Nigerians.

    “This is because when people are productively engaged, half of their problems are solved. They don’t even care what government is doing again,” he submitted.

    Ohuabunwa stated government must also unleash the entrepreneurial spirits of Nigerians as well as diversify to agriculture, manufacturing and Information Communication Technology (ICT).

    Chairman of the event, Prince Julius Adelusi-Adeluyi, said government must move beyond rhetoric to implementing the many sound policies in the nation.

    According to him: “Unless we go beyond the realm of talks to implementation, we have not started the business of making Nigeria work at all.”

  • Akinsete, Ohuabunwa bag Lifetime awards

    Akinsete, Ohuabunwa bag Lifetime awards

    Prof Ibironke Akinsete and Mazi Sam Ohuabunwa (MON) are to be honoured with Lifetime Achievement Awards by organisers of the Nigerian Healthcare Excellence Award (NHEA 2017) in Lagos on June 23.

    The award will hold at the Eko Hotel and Suites, Victoria Island, Lagos.

    NHEA Project Director Dr Wale Alabi said:”We are proud of these Nigerians because of their excellent contributions to good health and wellbeing of the people of this country. They are champions who have distinguished themselves.”

    Prof Akinsete is an haematologist and expert in women’s health. She served as pioneer chairman of the National Action Committee on AIDS (NACA). She is a member of the National Medical Association (NMA), British Medical Association, Medical Women’s Association of Nigeria (former President), International Society for Haematologist and Blood Transfusion, Nigerian Society of Haematology and Blood Transfusion (Former President), Nigerian Cancer Society (Former President), International Society for Blood Transfusion, African Society for Blood Transfusion, National Expert Committee on AIDS, West African College of Physicians and National Postgraduate Medical College of Nigeria.

    Ohuabunwa is a pharmacist who joined Pfizer in 1978 as a pharmaceutical sales representative (PSR) and rose to become the CEO/ Managing Director in 1993. In 1997, he led the Management Buy Over (MBO) of Pfizer Inc’s 60 percent shareholding in the Nigerian subsidiary. The company was then converted to Neimeth International Pharmaceuticals Plc, a medium size research and development (R&D)-based pharmaceutical manufacturing firm.

    He was the CEO for 18 years and voluntarily retired from the company in 2011, after 33 years of service in the industry.  He is a fellow of the Pharmaceutical Society of Nigeria (FPSN), Fellow of the West African Post-Graduate College of Pharmacists (FPC. Pharm), Fellow of the Nigerian Academy of Pharmacy (FNA. Pharm) also has fellowships of the Nigerian Institute of Management, National Institute of Marketing of Nigeria, Nigerian Institute of Public Relations and the Institute of Management Consultants. He is Member of the Order of the Niger (MON) and Officer of the Order of the Federal Republic (OFR).

    NHEA 2017 which is supported by PharmAccess Foundation will also recognise other organisations and individuals in about 23 award categories. NHEA is organised by Global Health Project and Resources (GHPR) in collaboration with Anadach Group, USA.

    It will be recalled that in NHEA 2016, Professor Olu Akinyanju of the Sickle Cell Foundation Nigeria and Prince Julius Adelusi-Adeluyi of Juli Pharmacy were honoured with the NHEA Lifetime Achievement Awards.

  • Abia North: Kalu congratulates Ohuabunwa

    Abia North: Kalu congratulates Ohuabunwa

    Former Governor of Abia State and Progressive Peoples Alliance (PPA) candidate during the Abia North Senatorial rerun poll Dr. Orji Kalu has congratulated the Peoples Democratic Party (PDP) candidate, Chief Mao Ohuabunwa, on his victory at the Appeal Court sitting in Owerri, the Imo State capital.

    He said: “I congratulate Ohuabunwa on his pyrrhic victory at the Appeal Court. It was not a personal contest, but one aimed at getting the best candidate to represent our people.

    “Ohuabunwa should see his victory as a challenge to give our people quality representation that will impact on their lives. That had been my quest. I am confident Ohuabunwa will live up to the expectation of the electorate that gave him the mandate.”

    Kalu also expressed his belief in the judiciary and his respect for the judgment issued on this matter. His words: “I cherish the rule of law which informed my unflinching acceptance of the outcome of this senatorial legal battle.”

    The PPA candidate had appealed against the judgment of the Abia North Senatorial Election Petition Tribunal sitting in Umuahia, which upheld the election of  Ohuabunwa.

    According to the politician, politics is not a do-or-die affair. He made these remarks while hosting a cross-section of Abuja-based Abia indigenes who paid him a solidarity visit in Abuja at the weekend.

    He said: “As a law-abiding citizen and a patriotic Nigerian, I will continue to offer my best in serving humanity through various platforms including business, philanthropy and politics.

    “Over the years, I have created a niche for myself in the business and political spheres of life and I remain eternally grateful to Abians for giving me the opportunity to empower people, who had benefitted directly and indirectly from my political platform, including those that have today turned against me for selfish and wicked reasons.

    “I will not lose focus on my passion and commitment to uplifting the people of Abia State and as such, I would continue to serve humanity in all my endeavours. The show of love and support from the nooks and crannies of the 17 local government areas of Abia State during our last campaign and after the controversial election is commendable and I can only express my gratitude by sustaining my relationship with the masses.

    “To my supporters, followers, well-wishers, friends and family, I will continue to cherish your advice, support and counsel as you remain my greatest strength.

    “I would also like to appeal to the people of Abia North to support Chief Mao Ohuabunwa in his legislative responsibilities.”

    Kalu, while appealing to the political class in Abia State to play the game by the rule, urged them to remember that leadership is about service and not self-aggrandizement, adding that the commonwealth of the people should be used in implementing impactful projects in the state.

  • Ohuabunwa: We must return to farming to fight recession

    Ohuabunwa: We must return to farming to fight recession

    Nigeria will only come out of the biting economic woes when people return to agriculture, Senator Mao Ohuabunwa (Abia North) has stated.

    Ohuabunwa, chairman Senate Committee on Primary

    Health Care and Communicable Diseases, said that the present economic depression calls for urgent attention to agriculture.

    Speaking in Ohafia during his maiden Town Hall meeting, Ohuabunwa said that it is obvious that the federal government has no plans to improve the economy.

    Ohuabunwa said that despite all the ruling party promised during campaign, it has nothing to show for the past one year.

    The senator stressed: “Things are hard in the country but that worst is that there is no plan to make it better.

    “The level of suffering in the country is unbearable. The only solution to the economic problem is for everyone to go back to farming.  I want to be a farmer myself.”

    He advised the people of the zone which comprises five local government areas of Arochukwu, Bende, Isuikwuato, Ohafia and Umunneochi to remain steadfast in the Peoples Democratic Party (PDP) so that by 2019 the party can take over. Ohuabunwa explained that the Town Hall meeting was in fulfillment of his campaign promise to regularly interact with the people for the good of the zone, which he described as a feedback mechanism for effective representation at the senate.

    He regretted projects he had brought before the

    senate including rural electrification for Isuikwuato and Umunneochi, road rehabilitation and erosion control were not included in the budget because he was not in the Senate at the time of the budget preparation because of the rerun election.

    Ohuabunwa said that he has plans to establish skill acquisition

    centre, institute a loan scheme for women and youth, scholarship for indigent students and empowerment program while brand new tractor would be purchased for farmers to make farming easier.

    He announced that arrangement has been concluded for SMEDAN to assist small and medium entrepreneurs to access loans to improve their production and the quality of their output.

    Ohuabunwa explained that he would have done more for the people but for the protracted election litigations, which he said “is taking much funds from me that would have been used for better things for my people”.

    He appealed to the gathering which comprised traditional rulers, political office holders, women and youth organisations, transport union to be patient as everything he promised would be accomplished, despite the litigations he has been facing.

  • Ohuabunwa seeks five-year economic plan

    Ohuabunwa seeks five-year economic plan

    The Federal Government has been advised to develop a five-year strategic plan for growing the economy.

    The Founder/Chairman, Sam Ohuabunwa Foundation for Economic Empowerment (SOFEE), Mazi Sam Ohuabunwa, said the blueprint of such a plan should focus on Nigeria’s comparative advantage.

    He listed solid minerals, mining, manufacturing, agriculture and the processing of agric products to finished goods, petrochemical, industrial parks, among others, as sectors that should be considered.

    He said such plan would roll out incentives to double agricultural output in five years, develop blue print for services and stretch the full possibility of information and communication technology.

    He said the government must lead a consultation with the private sector in order to achieve this, adding that the government must carry the private sector along.

    Ohuabunwa told The Nation that the private sector has the responsibility of growing the economy through job creation, saying while the government is expected to set the incentives to make the climate attractive for people to flow in that direction, it must at the same time consult one-on-one as equal partners with the private sector.

    He said: “We need a strategic planning to determine a plan and then work towards it, and in doing so, we need to define the role of each stakeholder and motivate each of them to move in that direction.”

    He said the blueprint should not exceed a period of five years, arguing that nobody would guarantee anything higher than that because the next government would see it with the Vision 2020. According to him, it would be a vision the government can deal with during its tenure, it would be more practical given the circumstances.

    Also, the Chairman/CEO, Enfrasco Energy and Infrastructure Services Limited, Chukwuma Okolo, said there is an urgent need to develop a very robust target for the oil and gas industry.

    He said all that was needed to do is to create incentives to make Nigeria the most attractive location for oil and gas companies to operate, adding that there is need to drop an inducement so that when an investor is thinking of where to go, he chooses Nigeria.

    Okolo argued that re-industrialising the nation requires a genuine commitment to creating a sustainable climate and incentives to make it work, adding that countries are made by their ability to add value not by the ownership of natural resources.

    He insisted that the country could grow the non-oil sector by an average of 15-20 per cent yearly, stating that the country can double the size of the non-oil and gas gross domestic product (GDP), which according to him, can boost government’s revenues

    “While you are doing this, you can raise the oil and gas, increase our proven reserves to invest in finding new oil because it is cheaper,” he said, adding that all the major contractors around the world in the oil services industry are idle.

    “In GDP terms, non oil and gas contributes about 80 per cent of our economy, the size led by agriculture, services and manufacturing.

    “This is the time to build up petrochemical plant based on fundamental economic indicators. This is the time we must grow the economy and when you are busy growing the economy, you are creating jobs.”

    He stressed the need to create sustainable jobs for the youths.