Connect with us

News Feed

‘Manufacturers’ Continued Use Of Obsolete Equipment Affecting Competitiveness’

Published

on

President of the Manufacturers Association of Nigeria (MAN), Frank Jacobs, says the continued use of obsolete equipment was hindering efforts by his members to salvage the nation’s ailing economy and contribute meaningfully to its Gross Domestic Product (GDP).

Speaking yesterday at the 2017 Manufacturing and Equipment Expo, which featured the Manufacturing Partnership for African Development (mPAD) in Lagos, Jacobs regretted that the real sector could not compete favourably internationally due to the harsh environment players operate in.

He blamed the import-dependent economy partly for Nigeria’s current woes, just as experts held that industrialisation must be prioritised to tame the nation’s huge penchant for importation.

His words: “This expo and mPAD are in tandem with the objective of the Federal Government as they were conceived to boost the technological base of the Nigerian manufacturing sector. We may be aware that one of the major problems of manufacturers is the continued use of obsolete machinery and equipment.”

Once the programme achieves its aim, Jacobs noted that the sector, particularly the small and medium scale enterprises (SMEs) would grow production, address inefficiencies and contribute significantly to the national economy.

The Minister of Industry, Trade and Investment, Okechukwu Enelamah, admitting government’s appreciation of the challenges besetting the sector, however, noted that sustainable solutions were being worked out to complement the manufacturers. He urged them to available themselves of the opportunities being created by the ministry.

His Science and Technology counterpart, Ogbonnaya Onu, further stressed the need to patronise locally made goods with a view to creating market for the manufacturers.

At the forum, which also featured the Nigerian Raw Materials Exposition, he pledged support for players willing to drive the development of local raw materials.

But a Professor of Ceramic Engineering, Eguakhide Oaikhinan, maintained that until government provided an accurate database of the nation’s raw materials and as well as their business profiling, the development of the resources would remain elusive.

A Director at the Raw Materials Research and Development Council (RMRDC), Moses Omolaja, said government was committed to tackling the challenges hindering effective exploitation of the nation’s natural resources.

He noted that government had captured the raw materials nationwide and was willing to work with the private sector.

The Managing Director, Clarion Events West Africa, organisers of the event, Dele Alimi, enthused that the fair would enable the different sectors of the economy deliver value.

“By exposing the raw materials available in the different parts of Nigeria through this medium, manufacturers are saved the rigours of sourcing for forex to import raw materials for their production,” he added.

Source: Guardian

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News Feed

Social media spreads what you feed it – Ruggedman tells Lai Mohammed

Published

on

Social media spreads what you feed it – Ruggedman tells Lai Mohammed

Ruggedman, Nigerian Rapper has stated that social media spreads what it is fed with.

The rapper said this in response to calls for social media regulation by Nigeria’s Information minister, Lai Mohammed.

 

RuggedMan tackles Lai Mohammed

Information Nigeria recalls that Lai Mohammed had said there is a need to regulate social media before it destroys the country.

RuggedMan tackles Lai Mohammed

Reacting to Lai Mohammed’s call for social media regulation, the famous rapper asked the Nigerian government to feed social media with contents of their completed projects and earn accolades rather than advocate for its regulation.

According to the musician, only those who are afraid of their failures being exposed are afraid of social media.

He tweeted, “Who is us? Social media spreads what you feed it. Feed social media with positive works you have done and it will be spread it. You will in turn get respect and accolades. Only those who do not want their unproductive, failed selves exposed are afraid of social media. #DoYourWork.”

Continue Reading

News Feed

Protest against police brutality: Protesters loot shopping mall in Philadelphia (Video)

Published

on

Protest against police brutality: Protesters loot shopping mall in Philadelphia (Video)

Protesters in have taken to the streets to break into and loot into businesses for a second night after officers in Philadelphia shot and killed a black man who was holding a knife in an encounter that city officials say raises questions.

The protests began after a Philadelphia Police officer fatally shot a Black man in West Philadelphia.

Protesters gathered in West Philadelphia around 7 p.m. Tuesday, October 27, and marched to the 18th District police headquarters.

Also, Tuesday night, the lawyer for the family of Walter Wallace Jr., who was shot dead by police, said the family had called for an ambulance, not police, to get him help with a mental health crisis.

The death of Walter in front of his family members sparked outrage, which in turn sparked demonstrations and then lootings as hoodlums took advantage.

Philadelphia police said that two officers were hurt during Tuesday night’s unrest, but they didn’t reveal the extent of their injuries.

Along with the protest, more looting occurred in the city Tuesday night and continued into Wednesday, despite Wallace Jr.’s family’s denunciation of such actions.

Many cars could be seen pulling up to the shopping centers as people ran in and out of stores with carts full of merchandise and even televisions. Police would move in and scatter the looters, but people would sometimes return once the officers left.

Below is a video:

Continue Reading

News Feed

Peace and security will be restored in the country– President Buhari Tells Nigerians

Published

on

Peace and security will be restored in the country– President Buhari Tells Nigerians

The President has reminded Nigerians of the need to guard jealously the unity of the nation which was won at great cost.

President Muhammadu Buhari has requested Nigerians to refrain from words and actions that could threaten the progress and unity of the country.

The President made the appeal during the launching of the 2021 Armed Forces Remembrance Day (AFRD) Emblem and Appeal Fund in Abuja on Wednesday October 28.

At the ceremony, President Buhari said this year’s occasion reminds Nigerians of the need to guard jealously the unity of the nation which was won at great cost.

The President, who stressed that ‘‘Nigeria’s strength lies in her diversity’’, honoured the memory of the nation’s fallen heroes and veterans, recounting their sacrifices during the First and Second World Wars, the Nigerian Civil War and Peace Support Operations around the world.

He also paid tribute to men and women currently engaged in internal security operations, particularly the ongoing fight against insurgency, terrorism and armed banditry in some parts of the country, praising them for remaining steadfast in the difficult task of restoring peace and security despite the coronavirus pandemic.

”We honour the memory of our gallant officers and men who have paid the supreme sacrifice in order to keep the country united as one entity.

‘The nation remains grateful for the efforts and sacrifice of the Armed Forces especially in the fight against insurgency and other internal security challenges confronting Nigeria.

‘The Armed Forces Remembrance Day or Veterans Day as it is known in some parts of the world is an important event observed in commemoration of the end of the Second World War.

In Commonwealth member countries, the Remembrance Day is observed on 11th November yearly. However, for us the date was changed to 15th January annually to accommodate the commemoration of the end of the Nigerian Civil War’’ he said.

On security operations in the North West and North Central zones in the country, President Buhari expressed delight at the return of normalcy in some of the areas that previously witnessed security challenges.

”Our dear nation has witnessed numerous security challenges since independence.

”These security threats have undermined Nigeria in the areas of trade, investment and economy, education, health as well as agriculture and frequently denied Nigerians the freedom of movement.

”I am however pleased to state that a lot has been achieved in the Internal Security operations in the North West and North Central zones where in addition to Operations LAFIYA DOLE, HADARIN DAJI, HARBIN KUNAMA, WHIRL STROKE, other operations such as ACCORD, SAHEL SANITY and KATSINA were successfully launched.

”This has led to the return of normalcy in some of the affected areas. However, all hands must be on deck to check attacks on soft targets, ” he said.

Continue Reading

Trending