Business and Economy
There is need to promote local manufacturing – NAFDAC
The National Agency for Food and Drug Administration and Control (NAFDAC) has restated the need for Nigeria to promote local manufacturing sector.
In a statement by the Director General of the NAFDAC, Prof. adsbygoogle || []).push({}); Mojisola Adeyeye, made this assertion at a news conference to commemorate the launch of palliatives for Micro, Small and Medium Enterprises (MSME) on Friday in Abuja.
Adeyeye said that the launch of the palliatives for MSMEs is as a result of the agency’s drive to promote the country’s economy and to cushion the effect of the present hard times on the sector.
She said, “We did this because times are hard and people are faced with many challenges, this is an opportunity for us to look inward and support the country through MSMEs
“This is one of the reasons we are focusing on MSMEs.
“Micro small businesses are significant in terms of driving the country’s economy, without them, our economy may suffer, without them recession might come in.
“Today mark what we are going to do for the next 90 days, the first 200 micro small businesses will get the opportunity to register free,” she said.
Adeyeye said that the agency had also reduced the fees for registration by 80 per cent for companies that had already established but are yet to renew their licenses.
She said that the fines on those companies that had already registered but yet to renew their licences would also be waived to encourage growth.
Expressing concerns that Nigeria depends so much on foreign goods, the NAFDAC boss, however, said that importation of so many products, particularly drugs have negative impact on the nation’s economy.
She said that the dependency on foreign goods would not grow our economy but, rather retard its development.
The DG noted that the country had over neglected local industries and local production, adding that COVID-19 pandemic has caused increase in prices of imported goods.
She said Nigeria should look inward and improve on its local production of the citizens essential needs instead of relying on foreign goods.
“We need to wake up and do what we are supposed to do, that means, less dependence on other countries, if we can learn this lesson, COVID-19 will be a blessing
Adeyeye commended the Federal Government through the Central Bank of Nigeria and Ministry of Finance for seeing the need to pay more attention to local industries.
She also said that there has not been any vaccine yet both home and abroad to cure the virus, adding that effort is ongoing in the United States, United Kingdom and Germany to secure vaccines for it.
The DG, however, welcome any herbal practitioners, who is ready to show his or her experience with scientific prove to treat the COVID-19.
Credit: NAN
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Business and Economy
Governor Ododo Endorses GOBO Initiative, Empowering Small-Scale Entrepreneurs and Vulnerable Populations
By Abah Benjamin Eneojoh
The Executive Governor of Kogi State, His Excellency Alh Ahmed Usman Ododo has thrown his weight behind the Governor Ododo Business Outreach (GOBO) initiative, a program aimed at uplifting marginalized groups and providing economic opportunities at the community level.
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During a strategic meeting with the Kogi State Forum of Senior Special Assistants in his office on 06-11-2024, the Governor expressed his support for GOBO, which aligns with his vision of inclusive governance.
Launched on October 31, 2024, GOBO has already shown positive impact, with increased visibility and support among petty traders and small businesses. The initiative provides sustainable business avenues for those previously lacking access to financial resources and market opportunities.
Hon. Yahaya Shehu Ahmed, Chairman of the Kogi State Forum of Senior Special Assistants, thanked the Governor for his encouragement and support.
The Governor commended the forum’s dedication to GOBO and its commitment to improving citizens’ quality of life, assuring continued support and encouraging ways to deepen GOBO’s impact across the state.
The forum also presented an award of excellence to former Governor Alhaji Yahaya Adoza Bello, recognizing his contributions to the state’s growth and effective governance , particularly the choice of Gov Ododo and his Deputy.
This development is consistent with research highlighting the importance of government support for entrepreneurship development in Kogi State.
Shehu noted that Small and medium-scale enterprises have significantly contributed to the state’s economic growth, stressing that the GOBO initiative demonstrates the power of grassroots-driven solutions and inclusive growth, marking a step towards sustainable development in Kogi State.
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Business and Economy
Kogi State Government Suspends Mining Activities Over Security Concerns
By Abdulrahman Obaje
The Kogi State Government has suspended all mining activities in the state due to the influx of bandits and negative elements in the sector.
This decision was reached during today’s October 4th, 2024 Executive Council meeting, presided over by Governor Alh.
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Usman Ahmed Ododo in Lokoja the Kogi State Capital.
While briefing News men after the State Executive Council Meeting, the Commissioner for Information and Communication, Hon. Kingsley Fanwo said the Ministry of Solid Minerals and Natural Resources will profile legal mining companies to ensure genuine mining data. This clean-up aims to minimize criminal activities.
He further noted that the State Government would collaborate with federal mines officers and security agencies to enforce strict compliance. “We urge all mining companies to cooperate, as we prioritize security”.
We implore all mining companies to bear with us in this circumstance, as we prioritize security” he said.
The Kogi State Government reassures of its commitment to security and will not condone any form of infiltration or illegal activities.
The suspension has been welcomed by stakeholders, who hope it will address long-standing security concerns in the mining sector in Kogi State.
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Business and EconomyNovember 7, 2024Governor Ododo Endorses GOBO Initiative, Empowering Small-Scale Entrepreneurs and Vulnerable PopulationsCrimeNovember 5, 2024Kogi Govt to Bolster Security, Collaborates With Security AgenciesNewsNovember 4, 2024Alleged cyberstalking: Ogun NUJ direct members to shut down GTBank accountsNewsNovember 4, 2024Senator Natasha Marks One Year in Office with Commissioning of Legacy Projects
Business and Economy
Infrastructure Upgrade: Zenith Bank Apologizes for Disruptions, Assures Customers on Improved Services
by Abdulrahman Obaje
Nigeria’s leading financial institution, Zenith Bank, has reassured its customers of improved services following recent infrastructure upgrades.
In a message posted on Thursday, October 3rd, 2024 the bank apologised for the service disruptions experienced across its e-channels during the upgrade period.
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The bank clarified that the glitches were a result of routine information and technology maintenance, which is essential for optimizing service delivery.
Zenith Bank emphasized its commitment to ensuring 100% uptime, stating that it takes this responsibility “very personally” and continuously allocates resources to maintain uninterrupted service availability.
In the statement, the bank expressed its sincere apologies for any inconvenience caused to customers during the upgrade process, highlighting that the information technology enhancements are designed to improve the quality of service for its esteemed clientele.
The message reads in part: “Dear Valued Customer, We sincerely apologise for the service disruptions you experienced recently on our banking channels. This was due to an information Technology upgrade aimed at improving the quality of service we provide.
“We have made significant progress with the upgrade and you can now perform transactions conveniently with the following Zenith bank Channels:
Your Zenith Bank Debit Card
The Zenith Bank Mobile App
The Zenith bank Internet Banking Platform
Zenith Agents nationwide (Agent Banking)
“You can also visit any of our branches nationwide to perform your transactions
Please direct all enquiries to Zenith Direct on +234 201 278 7000, 0700ZENITHBANK, 0904 085 7000 Or via email at Zenithdirect@zenithbank.com. Thank you for banking with us”
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