#Nigerian-based oil service companies

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As Nigerians face growing concerns over escalating petrol prices and ongoing fuel scarcity, Ejes Gist News provides the latest updates, including reactions from citizens, projections, and government responses. Petrol Prices Could Reach ₦1,200/Litre, Naira May Depreciate to ₦1,550/$ – Economist Bismarck Rewane In a startling projection, the Chief Executive Officer of Financial Derivatives Company Limited, Mr. Bismarck Rewane, has warned that petrol prices in Nigeria could soar to ₦1,200 per litre. This forecast comes amidst fears of further economic instability. During the Lagos Business School’s November session, titled Democracy on Trial! Trump – Going Back to the Future, Rewane shared his economic outlook for the country. He noted that the Naira could depreciate further, potentially trading at ₦1,550 per US dollar by January 2025. Rewane's predictions are based on an anticipated decline in global oil prices, with Brent crude potentially trading at $70 per barrel by December. He argued that the Naira's current value does not align with economic fundamentals and could experience a 30% adjustment within the next year. [caption id="attachment_303742" align="alignnone" width="768"] CNG: Transport Fare Reduction By 40% Reality Amid Petrol Price Hike – Nigerian Govt[/caption] Dangote Refinery Begins Fuel Exports Amid Domestic Price Hike Despite rising petrol prices in Nigeria, Dangote Refinery is set to commence fuel exports to several African countries, including South Africa, Angola, and Namibia. The 650,000-barrel-per-day refinery, located in Lekki, is reportedly in advanced discussions for supply agreements. Sources indicate that other nations, such as Niger Republic, Chad, Burkina Faso, and the Central African Republic, are also exploring fuel import deals with the refinery. Ghana, which currently spends approximately $400 million monthly on fuel imports from Europe, has expressed interest in purchasing refined products from Dangote. Mustapha Abdul-Hamid, Chairman of Ghana’s National Petroleum Authority, believes this partnership could reduce Ghana's dependence on European imports and stabilize local fuel markets. Senator Musa Praises Tinubu's Subsidy Removal Policy Senator Sani Musa of Niger East Senatorial District has commended President Bola Tinubu's decision to eliminate the fuel subsidy, describing it as the most beneficial policy for Nigeria in recent times. Speaking in an interview with Channels TV, Musa argued that the removal of fuel subsidies, announced by President Tinubu on May 29, 2023, was a necessary move. The policy led to a steep increase in petrol prices and inflation, causing a ripple effect on the cost of goods and services nationwide. Musa defended the decision, stating, “The President acted in the best interest of the nation. We must ensure that the policy's implementation does not negatively impact Nigerians.” With economic forecasts suggesting further depreciation of the Naira and a likely increase in petrol prices, many Nigerians are bracing for tougher times ahead. As discussions continue about potential fuel supply agreements with Dangote Refinery and the government's stance on subsidy removal, citizens await concrete measures to address inflation and fuel scarcity challenges.

[safeguardsfety]

Why Every Nigerian Business Should Consider HSE Certification

What is HSE Certification?

HSE certification is a formal recognition that a company adheres to globally accepted standards of occupational health, safety, and environmental management. It ensures that businesses implement measures to safeguard the health and safety of their employees, clients, and stakeholders while minimizing their environmental footprint. This certification is highly regarded across various industries, from oil and gas to construction, manufacturing, and services.

In Nigeria, with its dynamic economy and industries that rely heavily on human labor, machinery, and environmental resources, achieving the best HSE certification in Nigeria is a strategic move that enhances operational efficiency, reduces workplace accidents, and improves employee morale.

Why HSE Certification is Vital for Nigerian Businesses

1. Compliance with Regulations

One of the primary reasons every Nigerian business should consider HSE certification is to comply with national and international regulations. The Nigerian government has stringent health and safety standards, particularly in high-risk industries such as oil and gas, construction, and manufacturing. Non-compliance can result in legal penalties, fines, or even the closure of business operations.

By pursuing HSE certification in Nigeria, businesses align with these regulations and show their commitment to creating a safer working environment. Certification provides assurance that companies have systems in place to assess risks, implement corrective actions, and consistently review safety practices.

2. Risk Mitigation

Accidents in the workplace can lead to severe consequences, including injuries, fatalities, lawsuits, and financial losses. For industries such as construction, oil and gas, and manufacturing, the stakes are even higher. HSE competency courses provide employees and management with the skills to identify potential hazards, conduct risk assessments, and take preventive measures.

By enrolling in HSE courses in Nigeria, companies can significantly reduce the likelihood of workplace accidents and minimize their exposure to potential legal and financial risks. Moreover, a safe working environment fosters a culture of safety, where employees are more productive, knowing their well-being is prioritized.

3. Improved Operational Efficiency

Investing in HSE training in Nigeria is not only about compliance but also about enhancing operational efficiency. A well-structured health, safety, and environment management system can streamline processes, reduce waste, and optimize resource utilization. This results in fewer disruptions due to accidents or environmental breaches, leading to smoother operations and reduced downtime.

For businesses based in industrial hubs like Port Harcourt, undergoing HSE training in Port Harcourt provides industry-specific insights that directly impact efficiency. Companies that adopt best practices in HSE are more agile, better prepared to handle emergencies, and can maintain continuity even in challenging circumstances.

4. Boosts Corporate Image and Reputation

In today’s global market, companies are judged not only by their products and services but also by their corporate responsibility initiatives. Achieving HSE certification in Nigeria demonstrates to clients, partners, and stakeholders that a business is committed to the highest standards of safety and environmental sustainability.

This enhances the company’s reputation, attracting more clients who value ethical business practices. For organizations looking to expand into international markets or collaborate with multinational corporations, HSE certification can serve as a competitive advantage that opens doors to new opportunities.

5. Employee Retention and Satisfaction

A safe and healthy work environment is crucial for employee satisfaction and retention. Workers who feel safe and valued are more likely to stay with the company, reducing turnover rates and associated recruitment costs. HSE training in Nigeria empowers employees by equipping them with the knowledge and skills to ensure their own safety and that of their colleagues.

Providing regular HSE courses in Nigeria also shows employees that the company is investing in their development and well-being, fostering loyalty and dedication.

6. Access to Global Markets

For Nigerian companies aiming to compete on a global scale, HSE certification is often a prerequisite for doing business with international clients. Many global companies have stringent safety and environmental standards and will only partner with businesses that meet these criteria. By achieving the best HSE certification in Nigeria, companies position themselves to enter new markets, expand their client base, and increase revenue.

7. Environmental Responsibility

Nigeria faces several environmental challenges, including pollution, deforestation, and waste management issues. By obtaining HSE certification, businesses in Nigeria take an active role in mitigating their environmental impact. This involves implementing sustainable practices such as waste reduction, energy efficiency, and responsible resource management.

HSE-certified companies are better equipped to handle environmental risks and are more likely to meet the expectations of environmentally conscious customers and stakeholders. In the long term, this contributes to a healthier ecosystem and sustainable development.

How to Get the Best HSE Certification in Nigeria

For businesses looking to pursue HSE certification in Nigeria, it’s important to choose a reputable training provider. Safeguard Safety, located at 6 Forces Avenue, Old G.R.A., Port Harcourt, is a leading HSE training provider offering a range of HSE competency courses tailored to different industries.

At Safeguard Safety, businesses can access:

HSE training in Port Harcourt: Located in one of Nigeria’s major industrial cities, this training center provides comprehensive courses designed to meet the needs of companies operating in high-risk sectors.

Best HSE certification in Nigeria: Safeguard Safety offers globally recognized certification programs that ensure businesses comply with national and international safety standards.

HSE courses in Nigeria: From foundational HSE courses to advanced competency training, Safeguard Safety has a wide range of programs suitable for businesses of all sizes and industries.

To learn more about their services, visit their website at https://safeguardsafety.net, or contact them via email at safeguardcenter@gmail.com or by phone at 8170376332.

Conclusion

In a rapidly growing economy like Nigeria’s, the importance of HSE certification cannot be overstated. It is essential for compliance with safety regulations, risk mitigation, operational efficiency, employee satisfaction, and enhancing corporate reputation. Businesses that invest in HSE training in Nigeria are not only safeguarding their workforce but also setting themselves up for long-term success and sustainability.

By partnering with reputable providers like Safeguard Safety, Nigerian businesses can access the best HSE certification in Nigeria and ensure they are fully equipped to meet both local and global standards in health, safety, and environmental management.

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Global composite Metal Finishing Market — Forecast(2024–2030)

Duplex Stainless teel Market Overview

The Duplex Stainless Steel market size is estimated to reach US$5.46 billion by 2030 and is growing at a CAGR of around 4.4% from 2024 to 2030. Duplex stainless-steel belonging to the stainless-steel family is a combination of two of the main alloy types, i.e. austenite and ferrite, with a 50/50 mix of both. Due to their excellent properties like stress-corrosion resistance, tensile strength, and yield strengths, these duplex stainless steels are better than other grades of stainless steel. Duplex stainless-steel market finds application in oil and gas industries, pulp and paper industry, chemical industry, and others. There are many upcoming huge oil and gas construction projects in the oil and gas industry which will include pipeline, valves, tubings, exploratory good constructions and will drive the market. This is because duplex stainless steel provides better corrosion resistance and durability than carbon steel and other stainless steel and thus will be in more demand. Additionally, upcoming bridge construction projects will also drive duplex stainless-steel industry in the forecast period.

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Market Snapshot:

Duplex stainless steel, known for its excellent corrosion resistance and high strength, is increasingly being utilized in the construction of renewable energy infrastructure. This trend is driven by the expansion of wind farms and tidal energy projects, where components such as turbine support structures, foundations, and subsea equipment require materials capable of withstanding harsh environments. Duplex stainless steel’s superior corrosion resistance and durability make it an ideal choice for such applications, offering extended service life and reduced maintenance requirements. As the demand for renewable energy continues to grow, the use of duplex stainless steel in these sectors is expected to increase, driving innovation and further advancements in material technology to meet the specific challenges of renewable energy infrastructure.

Rising demand for duplex stainless steel by the building and construction industry owing to the rising urbanization and growth in construction activities, especially in the developing economies, will further accelerate the market growth rate. Rising industrialization will also directly and positively impact the demand for duplex stainless-steel globally. However, fluctuations in the prices of raw materials will pose a significant challenge to the growth of the duplex stainless-steel market. Duplex stainless steel can only be used at limited temperatures, and this will further hamper the duplex stainless steel market growth rate.

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COVID-19 Impact

The COVID-19 pandemic has negatively impacted the duplex stainless-steel market. This is because due to the pandemic, the oil and gas industry is one of the worst-hit industries during COVID-19. Several global pipeline projects witnessed delays due to imposed lockdown restrictions in major countries like the United States, India, and others. According to a report by International Energy Agency (IEA), the oil demand in April 2020 declined by 25% and natural gas demand by around 4% which would constitute one of the largest contractions in the energy industry. Due to this, many oil and gas companies got negatively impacted. For instance, Prime Exploration & Production Limited (PEPL), Nigerian based Oil and Gas Company’s total capital expenditure in 2020 fell by 41% as compared to 2019. 

This reduction included the halt of infilling and drilling activities related to Preowei oil field development project due to the covid 19 crisis. Due to such oil and gas project halt during covid, which involves halt in projects of the pipeline, exploratory wells, there was less demand for ferrous alloys like duplex stainless steel which negatively impacted the duplex stainless-steel market. However, market has been positively impacted post Covid-19 with a recovery being witnessed in 2022–2024 period despite economic slowdown

But the news post COVID is good. Growth rate of the duplex stainless-steel market went from -6.3% in 2020 to around 4.1% in 2023 due the receding pandemic. The markets have started to recover, countries such as China, India and Japan resume their rapid industrialization, leading to the resurgence to the duplex stainless-steel market.

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Report Coverage

The report: “Duplex Stainless-Steel Market– Forecast (2024–2030)” by IndustryARC covers an in-depth analysis of the following segments of the Duplex stainless-steel industry.

By Product Type: Lean Duplex Stainless Steel, Duplex Stainless Steel, Super Duplex Stainless Steel.

By End-Use Industry: Oil And Gas Industry (Piping and Tubing, Exploratory wells, Heat exchangers, Others), Chemical Processing Industry (Storage Pressure Vessels, Tanks, Piping, Others), Pulp and Paper Industry (Bleaching Equipment, Digesters, Stock-Handling Systems, And Others), Construction Industry, Desalination Industry, And Others.

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa).

Key Takeaways

The growth of oil and gas industry projects in the Asia-Pacific region will drive the market. This is because there will be a demand for high-grade ferrous alloys like duplex stainless steel to be used in pipelines, tubings, exploratory wells, and others which will drive the decorative laminates market.

The increasing growth of bridge construction projects which require highly durable steel materials like duplex stainless steel will drive the demand of the market.

The growth of super duplex stainless steel due to an increase in pipeline and other oil and gas construction will drive the duplex stainless-steel market.

About IndustryARC™:   IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals.   Contact Us: https://tinyurl.com/yk8khvpa   Website URL: https://www.industryarc.com/

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How to Become a Top Procurement Specialist Courses, Jobs, and Salary Insights

What is a Procurement Specialist?

A Procurement Specialist is accountable for making purchases of goods, services, or supplies on behalf of an organization to maintain smooth operations. Procurement specialists, sometimes known as purchasing managers, are in charge of locating goods and services, negotiating within budgetary limits, overseeing contracts, and keeping up relationships with suppliers.

What Does a Procurement Specialist Do?

Purchasing managers, another name for procurement professionals, are responsible for sourcing products and services, negotiating within financial constraints, managing contracts, and maintaining connections with suppliers.

Procurement Specialist Skills

Procurement Specialists are skilled negotiators and analytical thinkers, ensuring their business gets the best value for money. They require essential procurement skills to make accurate decisions and identify opportunities for organizational success. Key skills include:

Procurement Specialist Skills

Procurement Specialists are skilled negotiators and analytical thinkers, ensuring their business gets the best value for money. Key skills include:

Negotiation: Managing conflicts and finding mutually beneficial solutions.

Communication: Ensuring smooth procurement processes and effective management.

Problem-Solving: Addressing issues to maintain seamless business operations.

Analytical Skills: Identifying risks and making informed decisions.

Decision-Making: Choosing the most appropriate options, such as selecting suppliers or setting prices.

Procurement Specialist Duties and Responsibilities

Procurement Specialists act as intermediaries between the company and suppliers. Their duties include:

Researching suppliers of goods and services

Collecting quotations and terms for purchases

Managing approved purchases

Evaluating and negotiating vendor contracts

Tracking stock and issuing purchase orders

Recommending new goods, services, or resources based on market trends

How Much Does a Procurement Specialist Make?

The average salary of a Procurement Specialist ranges from $50,000 to $60,000 per year, varying by region and organization size. Entry-level specialists in smaller enterprises may earn around $15,080, while experienced specialists in larger organizations can earn up to $119,600.

How to Get a Procurement Specialist Certificate?

To become a Procurement Specialist, enrolling in an online course is a convenient and effective option. Online courses offer flexibility, affordability, and globally accepted certifications, allowing you to upskill without disrupting your full-time commitments. UniAthena’s Procurement Management courses can boost your career, helping you earn a Procurement Specialist certificate and stay competitive.

Why People in Nigeria Should Pursue a Procurement Specialist Course

Nigeria is a rapidly developing country with a strong focus on infrastructure development, energy, oil, and gas, and manufacturing. Efficient procurement practices are essential to support Nigeria’s growing economy, ensuring that businesses and government sectors obtain the goods and services they need at the best value. This is why Nigeria needs Procurement Specialists professionals trained to ensure cost-effective, timely, and reliable supply chains.

Benefits of the Course for People in Nigeria

Boost Career Opportunities:

Certification in Procurement is a highly sought-after qualification in Nigeria, opening up opportunities in industries such as oil and gas, construction, telecommunications, and public administration. With the growing need for skilled professionals to manage procurement, having a certification will set candidates apart from their peers and make them eligible for higher-paying roles.

Enhance Organizational Efficiency:

Effective procurement helps Nigerian businesses reduce costs and improve operational efficiency. With proper training, Procurement Specialists can negotiate better deals, streamline purchasing processes, and ensure that companies get the best value for money.

Support Nigeria’s Economic Growth:

As Nigeria’s economy continues to diversify beyond oil and gas, professionals with expertise in procurement will be key players in helping new industries thrive. Efficient procurement practices ensure that businesses can access the resources they need to scale, contributing to national development and economic stability.

Learn Global Best Practices:

The course will teach Nigerian professionals to adopt international procurement standards, making them competitive in both local and global markets. This knowledge is crucial for businesses looking to expand internationally or collaborate with global partners.

Mitigate Risks and Ensure Compliance:

Procurement Specialists trained through this course will learn how to manage risks, ensure compliance with regulations, and make informed purchasing decisions. In Nigeria, where business regulations and market conditions can be complex, having this expertise is crucial for mitigating potential legal and financial risks.

Conclusion

By enrolling in a Procurement Specialist course, professionals in Nigeria will not only enhance their career prospects but also contribute to their country’s economic development. Procurement plays a pivotal role in ensuring the smooth functioning of industries and government projects, and having certified professionals in this field is vital to Nigeria’s continued growth. explore UniAthena’s other free learning options.

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ISO 9001 Certification in Nigeria: Driving Quality Management and Business Excellence

Introduction

ISO 9001 is a globally recognized standard for quality management systems (QMS), providing a framework for organizations to ensure consistent quality in their products and services. In Nigeria, the adoption of ISO 9001 certification has gained significant traction across various industries as businesses recognize the importance of quality management in achieving operational efficiency, customer satisfaction, and global competitiveness. ISO 9001 certification is not only a mark of quality but also a strategic tool that can help Nigerian companies meet regulatory requirements, enhance customer trust, and drive continuous improvement. This article explores the relevance of ISO 9001 certification in Nigeria, the process of obtaining certification, the benefits for Nigerian businesses, and the challenges companies may face during implementation.

The Relevance of ISO 9001 Certification in Nigeria

ISO 9001 certification has become increasingly relevant in Nigeria as the country seeks to improve its economic landscape and position itself as a key player in the global market. The Nigerian economy is diverse, with industries ranging from oil and gas to agriculture, manufacturing, telecommunications, and services. In each of these sectors, maintaining high-quality standards is crucial for competitiveness and sustainability. ISO 9001 provides a robust framework that helps organizations in Nigeria streamline their operations, improve product and service quality, and enhance customer satisfaction.

One of the key drivers of ISO 9001 adoption in Nigeria is the growing demand for quality assurance from both local and international customers. As Nigerian businesses expand their operations and export products to global markets, they are increasingly required to meet international quality standards. ISO 9001 certification serves as a testament to a company’s commitment to quality, providing assurance to customers, partners, and regulators that the organization operates with a focus on continuous improvement and customer satisfaction.

Moreover, ISO 9001 certification is relevant for Nigerian businesses seeking to participate in public procurement processes. Government agencies and large corporations often require suppliers to be ISO 9001 certified as a condition for tendering. This ensures that suppliers have implemented a systematic approach to quality management, reducing the risk of defects, delays, and non-compliance with contractual obligations. By obtaining ISO 9001 certification, Nigerian companies can gain a competitive edge in bidding for government contracts and large projects.

The Process of Obtaining ISO 9001 Certification in Nigeria

The journey to obtaining ISO 9001 certification in Nigeria involves several key steps, each of which requires careful planning, commitment, and resources. The process begins with understanding the requirements of the ISO 9001 standard and conducting a gap analysis to identify areas where the organization’s current practices fall short. This is followed by the development and implementation of a quality management system that aligns with ISO 9001 principles.

Gap Analysis and Planning: The first step in the certification process is to conduct a gap analysis, which involves comparing the organization’s existing processes and procedures with the requirements of ISO 9001. This analysis helps identify areas of non-compliance and provides a roadmap for the necessary changes. Based on the findings of the gap analysis, the organization develops a detailed implementation plan, outlining the steps needed to achieve ISO 9001 compliance. This plan typically includes setting objectives, allocating resources, and defining responsibilities for key personnel.

Development and Documentation of the QMS: Once the gap analysis is complete, the organization begins the process of developing and documenting its quality management system (QMS). This involves creating or revising policies, procedures, and work instructions to align with ISO 9001 requirements. The documentation should cover all aspects of the organization’s operations, including quality objectives, risk management, process control, and performance monitoring. It is essential that the QMS documentation is clear, comprehensive, and accessible to all employees involved in the certification process.

Implementation and Training: After the QMS is documented, the next step is to implement it across the organization. This requires training employees on the new processes and procedures, ensuring that they understand their roles and responsibilities in maintaining the QMS. Training is crucial for building a quality-focused culture within the organization, where every employee is committed to adhering to the established standards. During the implementation phase, the organization also begins collecting records and evidence of compliance with the QMS, which will be needed for the certification audit.

Internal Audit and Certification Audit: Before applying for ISO 9001 certification, the organization must conduct an internal audit to assess the effectiveness of its QMS. The internal audit helps identify any remaining gaps or areas for improvement, allowing the organization to address them before the certification audit. Once the internal audit is successfully completed, the organization can engage a certified third-party certification body to conduct the certification audit. The certification audit is conducted in two stages: the first stage involves reviewing the organization’s QMS documentation, while the second stage involves an on-site audit to verify the implementation of the QMS. If the organization meets the ISO 9001 requirements, it will be awarded the certification, which is valid for three years, subject to annual surveillance audits.

Benefits of ISO 9001 Certification for Nigerian Businesses

ISO 9001 certification offers numerous benefits for Nigerian businesses, making it a valuable investment in the long-term success and sustainability of the organization. One of the most significant benefits is the improvement in operational efficiency. By implementing a systematic approach to quality management, businesses can streamline their processes, reduce waste, and optimize resource utilization. This leads to cost savings and increased productivity, which are critical for competing in the fast-paced Nigerian market.

Another major benefit of ISO 9001 certification is the enhancement of customer satisfaction. The standard emphasizes a customer-focused approach, encouraging organizations to understand and meet customer needs consistently. By delivering high-quality products and services, businesses can build strong relationships with customers, increase customer loyalty, and boost their brand reputation. In Nigeria’s competitive business environment, where customers have numerous options, maintaining high levels of customer satisfaction is essential for retaining and growing market share.

ISO 9001 certification also helps Nigerian businesses mitigate risks and improve decision-making. The standard requires organizations to adopt a risk-based approach to quality management, identifying potential risks and taking proactive measures to prevent or mitigate them. This leads to more informed decision-making, as businesses can base their strategies on data-driven insights and a thorough understanding of potential risks. Additionally, the continuous improvement focus of ISO 9001 ensures that organizations regularly review and enhance their processes, leading to better performance and long-term success.

Furthermore, ISO 9001 certification can open up new market opportunities for Nigerian businesses. Many international clients and partners prefer or require their suppliers to be ISO 9001 certified. By obtaining certification, Nigerian companies can access new markets, attract international clients, and strengthen their position in global supply chains. This is particularly important for businesses looking to expand beyond Nigeria’s borders and compete in the international arena.

Challenges in Implementing ISO 9001 in Nigeria

Despite the numerous benefits, implementing ISO 9001 certification in Nigeria is not without its challenges. One of the primary challenges is the initial cost of certification, which can be a significant barrier for small and medium-sized enterprises (SMEs). The costs associated with gap analysis, QMS development, employee training, and certification audits can add up, making it difficult for smaller businesses to justify the investment. However, many organizations find that the long-term benefits of ISO 9001 certification, such as improved efficiency and access to new markets, outweigh the initial costs.

Another challenge is the resistance to change within organizations. Implementing ISO 9001 often requires significant changes to existing processes, which can be met with resistance from employees who are accustomed to the old ways of doing things. Overcoming this resistance requires strong leadership, effective communication, and a commitment to change management. Organizations must ensure that employees understand the benefits of ISO 9001 certification and are motivated to embrace the new quality management practices.

Additionally, maintaining compliance with ISO 9001 standards requires ongoing effort and vigilance. Organizations must conduct regular internal audits, review and update their QMS documentation, and stay informed about changes to the ISO 9001 standard. This can be resource-intensive, particularly for businesses with limited staff or expertise in quality management. However, the continuous improvement focus of ISO 9001 means that organizations that invest in maintaining compliance are more likely to achieve long-term success and competitiveness.

Finally, navigating the certification process can be challenging for businesses unfamiliar with ISO standards. The process involves multiple stages, from gap analysis and QMS development to internal audits and certification audits, each of which requires careful planning and execution. Organizations may need to seek external support or consultancy services to guide them through the process and ensure that they meet all the requirements for certification.

Conclusion

ISO 9001 Certification in Nigeria is a powerful tool for Nigerian businesses seeking to enhance their quality management practices, improve operational efficiency, and gain a competitive edge in both local and global markets. Despite the challenges involved in implementing and maintaining ISO 9001 standards, the benefits of certification, including increased customer satisfaction, access to new markets, and improved risk management, make it a worthwhile investment. As Nigeria continues to develop its economy and expand its presence on the global stage, ISO 9001 certification will play a crucial role in helping businesses achieve excellence and drive sustainable growth.

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How does ISO 22301 certification benefit companies operating in Nigeria’s diverse environmental landscape?

/ Uncategorized / By Factocert Mysore

Getting an ISO 22301 Ce­rtification in Nigeria

ISO 22301 certification in Nigeria is a good choice for businesses in Nige­ria on sustainable practices, in this time­ when eco-friendline­ss is high on the agenda. Nigerian busine­sses are no strangers to this, ke­eping in with the trend. One­ really good way that these firms show how much the­y care about the environme­nt is the ISO 22301 consultant in Nigeria. This ISO stamp not just helps to improve­ environmental performance­ but brings other great things to the table­ as well for the long haul.

What is ISO 22301 Certification in Nigeria? 

It’s a global standard for handling Environmental Management Syste­ms (EMS). It sets up a clear plan for businesse­s to handle environmental dutie­s that further the cause of sustainability. The­ standard aims at enhancing environmental outcome­s via better resource­ utilization while cutting down waste, and in the proce­ss winning stakeholders’ trust. 

Why is this certificate­ important for Nigeria? 

In Nigeria, the e­nvironment is impacted by diverse­ problems, like oil spills in the Nige­r Delta or deforestation and waste­ issues in the city. Given this, EMS like­ ISO 22301 certification in Nigeria implementation is key for Nige­rian businesses. And here­’s why: 

Regulatory Compliance­: The certification helps busine­sses to work in line with Nigeria’s e­nvironmental laws, steering cle­ar of potential legal troubles and pe­nalties. It guarantees that busine­sses are cognizant of and efficie­ntly managing their responsibilities.

It prove­s Environmental Stewardship: The ISO 22301 certification in Nigeria clearly showcases a company’s dedication to re­ducing its environmental impact. This matters a lot in Nige­ria as environmental damage has le­d to major societal and economic problems. 

It e­nsures Resource Efficie­ncy: Businesses with  ISO 22301 consultant in Nigeria can manage­ resources bette­r, leading to cost savings. Using resources such as wate­r, energy, and raw materials optimally not just curbs e­xpenses but also reduce­s environmental harm.

Implementing ISO 22301 in Nigeria: Key Steps

ISO 22301 certification in Nigeria : Ke­y Steps to Execute Boss Support: Ne­cessary for ISO 22301 execution. Le­aders should grasp the bene­fits and be prepped to utilize­ the neede­d resources.

Basic Environment Re­view: A primary company environmental re­view is essential. It aids in unde­rstanding the present sce­nario and spotting  ISO 22301 consultant services  in Nigeria areas to enhance. 

Blue­printing: An environmental plan with goals based on the­ initial review should be cre­ated. Identification of legal re­quirements and creating a plan to achie­ve these goals are­ also parts of the phase. 

Execution and Function: The­ plans are carried out to mee­t these environme­ntal objectives. It involves e­mployee training, process docume­ntation, and creating communication pathways. 

Checking and Scale: Routine­ checks and measureme­nts ensure optimal progress and de­tect any deviations. These­ checks help in making changes and e­nsuring continuous growth. 

Internal Evaluation and Management Scrutiny: Inte­rnal audits measure the EMS e­ffectiveness. Manage­ment reviews make­ sure the system re­mains relevant in achieving se­t goals. 

Certification Evaluation: Lastly, a certifying body performs an audit to confirm EMS alignme­nt with ISO 22301 consultant services  in Nigeria  . An award of ISO 22301 auditor in Nigeria is granted upon successful audit comple­tion.

Conclusion

ISO 22301 certification in Nigeria  isn’t mere­ly a standard; it signifies a pledge towards sustainable­ business methods. This certification provide­s Nigerian businesses with many pe­rks, like cost reduction, boosted re­putation, and enhanced regulatory compliance­. The growth of Nigeria emphasize­s the need for e­nvironmental management, making ISO 22301  critical for busine­sses planning for sustainable success. Nige­rian businesses embracing this standard can have­ a big impact in environmental protection and support the­ nation’s sustainable developme­nt goals.

Why Factocert for ISO 22301 Certification in Nigeria?

We provide the best ISO consultants in Nigeria Who are knowledgeable and provide the best solution. And how to get ISO 22301 certification in Nigeria . Kindly reach us at mail to: contact@factocert.com. ISO 22301 certification consultants work according to ISO 22301 standards and help organizations implement  ISO 22301 certification in Nigeria with proper documentation.

For more information, visit ISO 22301 certification in Nigeria

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How can I get ISO 22301 certification in Nigeria?

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What is ISO 9001? What is the Scope of ISO 9001 Certification in Nigeria

Introduction to ISO 9001 Certification in Nigeria

 ISO 9001 Certification in Nigeria is an internationally identified generality for Quality Management Systems (QMS). It provides a framework that agencies can use to ensure that their services and products constantly meet client and regulatory necessities and continuously enhance their techniques. It is based on several quality control concepts, consisting of a sturdy customer consciousness, the involvement of top control, a method-oriented method, and non-stop development.

Scope of ISO 9001 Certification in Nigeria

Industry Applications:

 ISO 9001 certification in Nigeria is flexible and can be done through a large sort of industry in Nigeria. These embody:

Manufacturing: Ensuring remarkable control within the production techniques of merchandise, from client merchandise to organization tools.

Construction: Improving assignment management and execution in infrastructure tasks, together with residential, organization, and public works.

Healthcare: Enhancing affected person care and operational normal performance in hospitals, clinics, and scientific laboratories.

Telecommunications: Ensuring steady and dependable offerings inside the speedy-evolving telecom place.

Banking and Finance: Improving customer service, compliance, and operational usual performance in economic institutions.

Education: Enhancing tutorial number services and managing themes, colleges, and universities.

Oil and Gas: Ensuring safety, compliance, and pleasantness within the exploration, manufacturing, and distribution of energy property.

Hospitality and Tourism: Improving issuer shipping and consumer pleasure in lodges, inns, and journey companies.

Retail: Enhancing supply chain management and customer service in retail operations.

Agriculture: Improving the great protection of agricultural merchandise and strategies.

Organizational Applications:

ISO 9001 certification in Nigeria isn’t restricted to unique industries; it can be finished to several styles of agencies, which include:

Small and Medium Enterprises (SMEs): Helping SMEs beautify their techniques and compete more correctly within the marketplace.

Large Corporations: Ensuring consistency and great within the route of big-scale operations.

Government Agencies: Improving the performance and transparency of public offerings.

Non-Governmental Organizations (NGOs): Enhancing the effectiveness and effect of NGO sports activities, sports and offerings.

Service Providers: Improving the exceptional reliability of offerings in sectors, which include IT, consulting, and logistics.

Geographical Scope:

The scope of ISO 9001 certification in Nigeria extends across all regions of Nigeria, from town centers to rural areas. Organizations in the most crucial cities, including Lagos, Abuja, and Port Harcourt, as well as smaller towns and rural areas, can benefit from implementing ISO 9001 necessities. This wide applicability helps local financial development and complements the overall quality of services and products nationwide.

Key Benefits ISO 9001 certification in Nigeria for Different Sectors:

Manufacturing and Production:

Improved product splendid

Enhanced supply chain efficiency

Reduction in waste and operational fees

Service Industry:

Increased client satisfaction

Better agency delivery and reliability

Improved method control

Public Sector:

Enhanced transparency and obligation

Improved public issuer shipping

Better useful resource manipulate

Education:

Higher academic necessities

Better scholar and frame of personnel delight

Improved administrative techniques

Healthcare:

Enhanced affected individual protection and care

Improved operational typical performance

Compliance with fitness policies

Strategic Importance of ISO 9001 certification in Nigeria:

For Nigerian groups, ISO 9001 certification in Nigeria is strategically essential for numerous motives:

International Trade permits Nigerian businesses to meet fantastic global necessities, facilitating access to international markets.

Customer Confidence: Certification indicates willpower to be extremely good, boosting customer recall and loyalty.

Regulatory Compliance: Helps agencies examine countrywide and global rules, avoiding jail and monetary results.

Risk Management: Improved strategies and first-class manipulation systems help discover and mitigate risks extra correctly.

Operational Excellence: Streamlined techniques improve overall performance, rate savings, and commonplace operational excellence.

Conclusion

The scope of ISO 9001 certification in Nigeria is large, defensive, and a remarkable shape of industries and organizational kinds across the u. S . A .. By adopting ISO 9001 certification in Nigeria requirements, Nigerian groups can decorate their super-managed systems, enhance customer satisfaction, and benefit from competitive detail in each nearby and international market. This super applicability and its blessings underscore the significance of ISO 9001 certification in Nigeria for conducting operational excellence and sustainable growth in Nigeria.

Why Factocert for ISO 9001 Certification in Nigeria

We provide the best ISO consultants Who are knowledgeable and provide the best solution. And to know how to get ISO certification. Kindly reach us at contact@factocert.com. work according to ISO standards and help organizations implement ISO certification in Nigeria with proper documentation.

For more information, visit ISO 9001 Certification in Nigeria.

Related links 

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ISO 9001 certification in Nigeria

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What is the Scope of ISO 9001 Certification in Nigeria

[cielgr]

ISO 45001 Certification In Nigeria Is Now Provided By The Top Nigerian Institute!

ISO 45001 is the international standard designed for the safety and health at workplaces and it is developed by the committees which are dependent on the government. The ISO 45001 was created to replace the OHSAS 18001 and line up with other management system standards. For obtaining the certification you have to implement an effective occupational safety and health management system. And if we look about ISO 9001:2015 certification, this is a standard for quality management system. It outlines a structure for organizations to establish and maintain and constantly improve the quality management processes. It is applicable for any organization and industry.

It Ensure Occupational Safety on a High Node

The ISO 45001 certification helps to improve the productivity and efficiency of the business done by Nigerian. It also minimizes the interruption caused by workplace incidents and ensures with the legal requirements. More, it enhances the reliability and name of organizations, both internationally and locally. ISO 45001 certification in Nigeria is highly gaining importance as organizations have started recognizing the need to prioritize occupational safety. This certification gives a systematic structure for organization to identify, and assess and ease the risk to ensure for the safety of the employees.

It Ensures Effective QMS for Your Organization

ISO 9001:2015 certification holds a major relevance in Nigeria, mainly within its different economic landscapes. As Nigeria is a rapidly growing economy that meets with multiple industries ranging from gas and oil sectors to manufacturing and services, it faces the challenges ensuring that the quality in products and services should be consistent. Also the ISO 9001:2015 certification in Nigeria gives organization a well structured framework so that organizations can establish and maintain an effective quality management system. Moreover the certification has a culture of continuous improvement with the Nigerian organizations. By emphasizing some principles such as focusing on customer, optimization process and facts based decision making, the standard encourages companies to simplify their operations and enhance overall efficiency.

[wushigod]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration and Production Ltd., have resumed production crude oil in Awoba Field, River State, for the first time since 2021. Olufemi Soneye, the spokesperson for the NNPC, made this disclosure in a statement on Tuesday in Abuja. The statement noted that the Awoba field last produced oil for the Bonny Terminal in 2021 and was ultimately shut down in February 2022 due to problems with evacuation and crude oil theft. Soneye mentioned that since the reactivation of the Awoba field by NNPC Ltd and its partners on April 13, 2024, the field’s production has averaged 8,000 barrels per day. Moreover, he said that the field is anticipated to reach a steady output of 12,000 barrels per day once fully ramped up within 30 days. According to Soneye, Awoba is also expected to significantly boost gas supply to the power sector and other gas-based industries. “Keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet the nation’s OPEC production quota, the Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration and Production Ltd., have restarted production from the Awoba field which last contributed production to the Bonny Terminal in 2021 and was finally shut down in February 2022 due to evacuation issues and crude oil theft. “Since the restart of the Awoba field by NNPC Ltd and it partners on April 13, 2024; production from the field has averaged 8,000 barrels per day and is expected to plateau at 12,000 per day at full ramp up within 30 days. “Awoba is also expected to significantly boost gas supply to the power sector and other gas-based industries. “The Awoba Unit which straddles OMLs 18 and 24 is located in the mangrove swamp south of Port Harcourt, Rivers State. Both OML 18 and OML 24 assets are under the management of the NNPC Upstream Investment Management Services (NUIMS),” Soneye said. Speaking further, NNPC noted that the firm has been recording a string of production successes from the JV portfolio which have significantly lifted overall national production. The oil company revealed that in addition to the recent initiation of production at the Madu Field by the NNPC Ltd/First E&P JV, it has successfully resumed production at OMLs 29 and OML 18 in late 2023, which have consistently added an average of 60,000 barrels per day to the national production output since their restart. “NNPC Ltd. Has been recording a string of production successes from the JV portfolio which have significantly lifted overall national production. “Besides the recent start of production at the Madu Field by the NNPC Ltd/First E&P JV, the company has achieved the restart of production at OMLs 29 and OML 18 in late 2023 which have steadily contributed an average of 60,000bpd to the nation’s production output since their restart. Speaking on the development, the Group Chief Executive Officer of NNPC Ltd., Mallam Mele Kyari, ascribed the achievement to the President Bola Ahmed Tinubu administration’s success in providing enabling operating environment for businesses to thrive,” the statement read. What you should know Nigeria’s crude oil production for March dropped to 23 million bpd according to OPEC’s monthly oil market report. The figure makes it the third consecutive month the country’s average oil production will fall below the budget benchmark of 1.78 million bpd. In January, Nigeria’s average daily oil production stood at 1.427 million bpd while that of February was lower at 32 million bpd. The dismal oil production for March led to Nigeria’s dethronement by Libya as Africa’s biggest oil producer. Speaking on the issue, the Minister of state for Petroleum Resources, Sen. Heineken Lokpobiri attributed the low crude oil production in the first quarter of the year to issues with the Trans-Niger pipeline and maintenance activities by some oil companies. The Ministe...

[hardynwa]

Solutions ahead to cost of living crisis, say CBN, ministers

The Minister of Finance, Mr Wale Edun, and the Minister of Budget and National Planning, Atiku Bagudu, have assured Nigerians that the high cost of living being witnessed by Nigerians is currently being addressed. The Governor of the Central Bank of Nigeria, Olayemi Cardoso, Chairman, Federal Inland Revenue Service, Zacch Adedeji, joined the ministers to allay the fear of Nigerians about the current inflation. They all spoke when they appeared at the sectoral debate organised by the House of Representatives for the finance sector and stakeholders on the current cost of living at a Plenary in Abuja on Tuesday. Speaking, Edun, who is also the coordinating minister of the economy, said “Where we are as a nation is a much better place than we were in on May 29, 2023.” He added that Nigeria as a country was on the road to economic disaster by way of subsidy on fuel, adding that it was expected that there would be challenges as a result of subsidy removal. Edun said that inflation had increased and the cost of living had spiked, but stated that President Bola Tinubu was committed to protecting the poorest and the vulnerable. “As things improve, there will be further intervention on behalf of the vulnerable to assist in the cost of living. “Let us be confident, calm, and assured that Nigeria will change in terms of economic management and that there will be intervention in every sector.” According to him, there is a need to tackle inflation because full inflation accounts for 33 percent of the consumer price index. He said there was a need to return to production, adding that industry, however, required energy to function optimally and that the President was also committed to using state power to subdue vested interest in the oil sector. On his part, Bagudu said the president was committed to national development, adding that the President reckoned with the challenges of the living conditions of the people. “What is happening in our country is obvious to someone visiting a construction site; we are very clear that we are on the right path and the challenges of the moment are being tackled. “We are getting support from international partners, and they are all acknowledging the commendable steps that the president is taking. “We have seen investments in the rail sector, the NNLG, and we assure you that we will overcome the challenges of the moment and sustain the economic growth as promised by the President,” he said. In a related development, Cardoso expressed confidence that positive outcomes from the administration of Tinubu were already emerging and would further emerge in the near future. “The concern as per the cost of living is genuine, and the urgency of the matter is not lost on us at the CBN, and we are working tirelessly to bring up a lasting solution. He said inflation was expected to decline in 2024, adding that this would be aided by improved agricultural productivity. He said that the challenges of the exchange rate had been tackled, adding that they were fueled by speculation, increased forex demand, increased capital outflow, excess liquidity, and increased demand, among others. He said the CBN was addressing the forex demand by clearing forex operations and adjusting the remuneration standard deposit, among others. Speaking, the FIRS boss, Mr Adedeji, said the service was not a revenue-generating agency but a revenue-collection agency, adding that the agency was doing a lot to increase the nation’s revenue base. According to him, the target for 2023 revenue was N10 trillion, and we achieved N12.3 trillion because of the decision taken by the president. Adedeji said the president took the decision to rectify the distortion in the economic parameters and remove the fuel subsidy. According to him, we have overperformance from VAT collection and company income tax. We have the target of collecting N19.2 trillion in 2024. The chairman added that the N19.2 trillion target was based on the fact that it would not collect new taxes but bring more people into the tax rate. He said less than 60 companies, as of today, contribute less than 60 percent to the nation’s company income tax. Meanwhile, the Deputy Speaker, Benjamin Kalu, said it was imperative to recognize the urgency and importance of the agenda before it. He said, “We must also confront the stark realities of the economic, fiscal, and revenue challenges that our beloved nation, Nigeria, is currently facing. “In the face of global economic shifts and domestic challenges, it is clear that robust reform measures are not just beneficial but imperative. Read the full article

[crimechannels]

By • Olalekan Fagbade Security gets lion share as President Tinubu present N27.5tr budget to National Assembly Defence, human capital development, healthcare and education are priorities in the N27.5 trillion Federal budget estimate for 2024. It was presented by President Bola Ahmed Tinubu to a joint session of the National Assembly yesterday. The President presented his first budget estimate, christened Budget of Renewed Hope which is predicated on an exchange rate of N750 to a dollar, an oil benchmark of $77.96 per barrel and an oil production estimate of 1.78 million barrels per day. The projected deficit is N9.18 trillion, lower than the N13.7 trillion in the 2023 budget. The President said the deficit will be financed through new borrowings totalling N7.83 trillion, with N298.49 billion to be raised from privatisation proceeds and N1.05 trillion drawdown on multilateral and bilateral loans secured for specific development projects. President Tinubu said: “An aggregate expenditure of N27.5 trillion is proposed for the Federal Government in 2024, of which the non-debt recurrent expenditure is N9.92 trillion while debt service is projected to be N8.25 trillion and capital expenditure is N8.7 trillion.” He said Nigeria remains committed to meeting its debt obligations, adding that 45 per cent of expected revenue has been projected for debt servicing. The President said his administration was committed to broad-based and shared economic prosperity and is reviewing social investment programmes to enhance their implementation and effectiveness. He said: “The National Social Safety Net project will be expanded to provide targeted cash transfers to poor and vulnerable households. Read Also; Nigerians to depart for 2024 hajj through 16 airports “In addition, efforts will be made to graduate existing beneficiaries toward productive activities and employment. “We are currently reviewing our tax and fiscal policies. “Our target is to increase the ratio of revenue to GDP from less than 10 per cent currently to 18 per cent within the term of this Administration. “The government will make efforts to further contain financial leakages through effective implementation of key public financial management reforms. “In view of the limited resources available through the federal budget, we are also exploring Public Private Partnership arrangements to finance critical infrastructure. “We, therefore, invite the private sector to partner with us to ensure that our fiscal, trade and monetary policies, as well as our developmental programs and projects, succeed in unlocking the latent potential of our people and other natural endowments, in line with our national aspirations.” The President acknowledged that inflation has trended upward due to weak global conditions. “To contain the rising domestic prices, we will ensure effective coordination of fiscal and monetary policy measures, and collaborate with sub-national governments to address structural factors driving inflation in Nigeria,” he said. President Tinubu is hopeful that the 2024 budget proposal meets the goal of “completing critical infrastructure projects which will help address structural problems in the economy by lowering the costs of doing business for companies and the cost of living for the average person”. Millionaire Man Reveals $127/Hour Trick Anyone Can Do Millionaire Man Reveals $127/Hour Trick Anyone Can Do Daily Finance | Sponsored Millionaire Man Reveals $127/Hour Trick Anyone Can Do Millionaire Man Reveals $127/Hour Trick Anyone Can Do Daily Finance | Sponsored credit icon Advertisement He added: “The proposed budget seeks to achieve job-rich economic growth, macro-economic stability, a better investment environment, enhanced human capital development, as well as poverty reduction and greater access to social security. “Defence and internal security are accorded top priority. “The internal security architecture will be overhauled to enhance

law enforcement capabilities and safeguard lives, property and investments across the country. “Human capital is the most critical resource for national development. “Accordingly, the budget prioritises human development with particular attention to children, the foundation of our nation. “To improve the effectiveness of our budget performance, government will focus on ensuring value for money, greater transparency and accountability. “In this regard, we will work more closely with development partners and the private sector. “To address long-standing issues in the education sector, a more sustainable model of funding tertiary education will be implemented, including the Student Loan Scheme scheduled to become operational by January 2024. “A stable macro-economic environment is important to catalyse private investment and accelerate economic growth. “We have and shall continue to implement business and investment-friendly measures for sustainable growth. “We expect the economy to grow by a minimum of 3.76 per cent, above the forecasted world average. Inflation is expected to moderate to 21.4 percent in 2024… “I am confident that these budgetary allocations and directives will set Nigeria on a transformative path towards a sustainable and resilient energy future, fostering economic growth, job creation, and environmental preservation.” President Tinubu expressed hope that the predictable January-December fiscal year will be sustained. He urged the National Assembly to ensure that only projects and programmes with equitable benefits are allowed into the 2024 Budget. The President praised the lawmakers for the swift consideration and passage of the 2023 Supplementary Appropriation Bills and the 2024-2026 Medium Term Expenditure Framework and Fiscal Strategy Paper. Urging them to ensure that deliberations on the budget are thorough and concluded with reasonable dispatch, President Tinubu said the goal is for the Appropriation Act to come into effect on January 1, 2024. President Tinubu was accompanied by Vice President Kashim Shettima and others, such as: Secretary to the Government of the Federation, George Akume, All Progressives Congress (APC) National Chairman, Abdullahi Ganduje, Chief of Staff to the President, Femi Gbajabiamila, Inspector General of Police, Kayode Egbetokun, Ministers Nyesom Wike (Federal Capital Territory (FCT), Wale Edun (Finance and Coordinating Minister of the Economy), Muhammed Idris (Information and National Orientation), Simon Lalong (Labour and Employment), Governors Babajide Sanwo-Olu (Lagos), Yahaya Bello (Kogi), Abdullahi Sule (Nasarawa), and Babagana Zulum (Borno).

[adalidda]

Unlocking the immense potential of Nigeria in the agriculture and agri-food sectors

Nigeria is a country with immense potential for agricultural development. With a population of over 200 million people, a large domestic market, abundant natural resources, and a favorable climate, Nigeria offers a unique opportunity for investors who want to tap into the growing demand for food and Agro-based products.

Nigeria's agricultural sector contributes about 25% of the country's GDP and employs about 70% of the labor force. However, the sector is still largely underdeveloped and faces many challenges such as low productivity, poor infrastructure, limited access to finance, and insecurity. These challenges also present opportunities for foreign investors who can bring in capital, technology, expertise, and innovation to transform the sector and create value for themselves and the host country.

Nigeria has taken steps to improve the investment climate and attract more FDI into the agricultural sector. Some of these steps include:

The establishment of the Nigerian Investment Promotion Commission (NIPC) as a one-stop shop for investors who want to register and operate businesses in Nigeria.

The enactment of the Nigerian Investment Promotion Act of 1995, which guarantees the protection of foreign investors' rights and interests, such as repatriation of profits and dividends, access to foreign exchange, and arbitration of disputes.

The implementation of various policies and programs to support the development of key agricultural value chains, such as the Agricultural Transformation Agenda (ATA), the National Livestock Transformation Plan (NLTP), and the Green Alternative Policy (GAP).

The provision of incentives and concessions for investors in the agricultural sector, such as tax holidays, duty waivers, land allocation, and access to credit facilities.

The gradual adaptation of the exchange rate Naira-USD to the real market conditions

Nigeria has also signed bilateral and multilateral agreements with several countries and organizations to facilitate trade and investment in the agricultural sector. Some of these agreements include:

The African Continental Free Trade Area (AfCFTA), which creates a single market for goods and services among 54 African countries.

The Economic Community of West African States (ECOWAS), which promotes regional integration and cooperation among 15 West African countries.

The European Union (EU), which offers preferential access to Nigerian exports under the Economic Partnership Agreement (EPA).

The United States (US), which grants duty-free treatment to Nigerian exports under the African Growth and Opportunity Act (AGOA).

According to the National Bureau of Statistics (NBS), FDI inflows into the agricultural sector increased by 27% from $46.6 million in 2020 to $59.17 million in the first half of 2022. This shows that there is still a strong interest and confidence in Nigeria's agricultural potential.

Some of the factors that can encourage foreign agricultural companies to invest in Nigeria are:

The availability of land and water resources for crop and livestock production.

The large domestic market and access to regional markets in West Africa.

The government policies that support agricultural investment, such as tax incentives, import duty waivers, and land lease arrangements.

The opportunities for value addition and processing of agricultural products, such as oil palm, cocoa, cassava, rice, and poultry.

The demand for agricultural inputs and services, such as seeds, fertilizers, machinery, irrigation, extension, and research.

Well-trained and qualified Engineers, PhD and Researchers in the agriculture sector.

More at https://dekoholding.com/dekoposts/zWdFKxuspafYrRp89/unlocking-the-immense-potential-of-nigeria-in-the/dekonews

[sageglobalresponse]

List of 4 Young Billionaires in Nigeria, What They Do and Their Net Worth Read

While some of their contemporaries are still fighting to begin their lives, there are young Nigerians who have billions in their accounts. From Media to real estate, tech and oil, they are making their mark, creating more wealth for themselves.

While the list is inexhaustive, the selected five could be the next generation of Aliko Dangote, Africa's richest man.

Igho Sanomi

Sanomi is one of Nigeria’s youngest billionaire businessmen, with an estimated net worth of $1 billion according to Newswirengr.

He is the executive director of Cosmos oil AG and founder of Taleveras. He is the founder of Taleveras Group- Igho Sanomi’s business interests include telecommunications, shipping, aviation, engineering, construction and real estate investments. According to Forbes, Taleveras trades over 100 million barrels of crude oil and several million tons of gasoline, LPG and jet fuel.

Ladi Delano

A smart tech entrepreneur, Delano is a co-founder of Moove, the world’s first mobility fintech service. Before his latest venture, he was the founder of Solid XS, one of the dominant forces in the Chinese liquor market. Delano decided to sell the company after the Global Financial Crisis of 2008-2009 began to bite hard. After receiving an offer from a rival firm, Delano sold the business for $15 million, which he promptly reinvested in his next venture.

In April 2012, Delano decided to move to Nigeria, a country he considered ripe for investment. After arriving, he formed Bakrie Delano Africa (BDA), a $1 billion joint venture with BakrieGroup of Indonesia, a conglomerate with interests across various industries, including infrastructure, property development, mining, oil and gas plantations, media, and telecommunications.

Obi Cubana

Obinna Iyiegbu, popularly known as Obi Cubana, is the chairman and the owner of the popular Cubana Groups. Obi Cubana is currently one of the richest and the most influential personalities, entertainers, show promoters, and entrepreneurs in Nigeria. His net worth is estimated to be $500 million, and this is based on his income, properties, and asset. His most recent venture is Odogwu Bitters.

Jowizaza

Joseph Eze Okafor, also known as Jowizaza, is a Nigerian Igbo billionaire who is It is reported that his billionaire dad created the businesses and has since passed them over to him.

Okafor is the chief executive officer of Jezco Oil Nigeria Ltd, a multi-million dollar oil and gas firm founded by his father in 1980.

Seyi Tinubu

Seyi Tinubu is the only surviving son of Asiwaju Bola Ahmed Tinubu, the presidential candidate of the ruling All Progressives Congress and presidential candidate. Seyi Tinubu is believed to be worth over $1.5 million. Some of the companies attached to his name include Loatsad Promo media Ltd an out-of-home advertising company.

[base4constructions]

Welcome to Base4

Base 4 Investments Construction Services Limited was incorporated in 21st March, 2018 to offer diverse Engineering Services to various sectors of the Nigerian economy. Since inception, the Company’s focus has been in the areas of Building and Civil Engineering.

Our corporate philosophy placed much emphasis on the skills and quality of experience of our people. This philosophy has helped in positioning Base 4 for the challenges and benefits of privatization (of the economy) accruable to the Engineering sector. In collaboration with experts/specialized firms in other fields of engineering, we have penetrated and executed jobs successfully in the Telecomms, manufacturing, Oil & Gas sector of the economy. With the support of our bankers, the company delivers quality jobs, on time, and within agreed budgets. Base 4 is committed to providing quality services that will not only meet clients’ requirements but will surpass their expectations, at the first attempt

[newstfionline]

Thursday, March 18, 2021

Battling bigness: Congress eyes action against monopolies (AP) The battle against bigness is building. Whether it’s beer, banks or book publishing, lawmakers are targeting major industries they say have become so concentrated that they’re hurting competition, consumers and the economy. The economic dislocation of the pandemic has laid bare the struggles of small businesses unable to compete with corporate giants that have been able to capitalize on the new order. Experts and lawmakers are throwing out stunning stats: The four biggest airlines control about 65% of U.S. passenger traffic, five giant healthcare insurers control an estimated 45% of the market, pharmaceuticals are dominated by three major companies, the top four banks control about 44% of the market, the so-called Big Five book publishers control some 80% of the U.S. book market, and Google alone accounts for about 90% of web searches worldwide. Beer and a burger? Four companies are estimated to control 80% of U.S. meat-packing; the top four brewers and importers control about 76% of the U.S. beer market. Critics say the corporate concentration is quickening, limiting consumers’ choices, raising prices and eroding service.

Bloodshed in Atlanta (Reuters) Eight people, six of them women of Asian descent, were shot dead in a string of attacks on Atlanta-area day spas on Tuesday, and a man suspected of carrying out all of the shootings was arrested hours later in southern Georgia. The violence unfolded days after U.S. President Joe Biden used a nationally televised speech to condemn a recent surge in hate crimes and discrimination against Asian-Americans.

On Mexico’s Border With U.S., Desperation as Migrant Traffic Piles Up (NYT) The migrants’ hopes have been drummed up by human smugglers who promise that President Biden’s administration will welcome them. Instead, the United States is expelling them back to Mexico, where they wait along with tens of thousands of others hoping to cross. The pressure, and desperation, is quickly building among families stuck in Mexico, as shelters and officials struggle to help them. Shelters that were empty four months ago are now having to turn many away.

Chinese fishing fleets are sweeping South American oceans dry (Clarin/Argentina) A new Greenpeace report warns that foreign fishing fleets, mostly from China, are gobbling up every bit of marine life they can into “stadium-sized” nets in Argentina’s sea waters, writes Natasha Niebieskikwiat in Buenos Aires-based daily Clarin. The environmental group Greenpeace recently counted at least 470 boats in a biodiversity hotspot known as “Agujero Azul” or the “Blue Hole,” off the Patagonian coast between Chubut and Santa Cruz. Luisina Vueso, who worked on the report, told Clarín that usually, Argentine coastal waters have 270 boats concentrated in an area of roughly 1 million square kilometers. Right now there are 470 boats extracting stock like squid and other species in barely 5,000 square kilometers. Greenpeace warns that there are no checks on this type of fishing, which sweeps up marine life with underwater nets almost the size of football pitches. These reach the seabed and pick up all there is, regardless of numbers, endangered status or usefulness. Greenpeace concluded in 2019 that years of exploitation had devastated the seabed off the Argentine coast.

Boris Johnson’s vision for post-Brexit ‘Global Britain’ includes more nuclear weapons (NYT) In a declaration of its aspiration to become “Global Britain,” Prime Minister Boris Johnson on Tuesday unveiled his government’s 10-year plan to boost international trade and deploy soft power around the world. But Johnson’s government surprised many by declaring it would also increase its arsenal of nuclear warheads, not only to deter traditional threats but also to confront biological, chemical and perhaps even cyber assaults. In the sweeping review of its priorities for the coming decade, the 110-page document titled “Global Britain in a competitive age” declared that the U.K. would raise the cap on the number of nuclear warheads aboard the Royal Navy’s Trident submarines—from 180 to 260, an increase of more than 40 percent. The document also vowed to maintain a fleet of four nuclear-armed subs, so it would always have one at sea, ready to respond. The new goal appears to mark a profound shift away from Britain’s long commitment to nonproliferation. For decades now, Britain seemed content to reduce its aging nuclear arsenal, not bolster it.

Turkey: Getting away with murder (NYT) Turkish men get away with murder—literally. Since 2002, when President Recep Tayyip Erdogan and his Islamist Justice and Development Party took office, instances of domestic violence and femicide have soared, and the men responsible continue to go unpunished. Murders of women rose from 66 in 2002 to 953 in the first seven months of 2009, after which the government stopped releasing the data. Turkey’s interior minister said 266 women died from domestic violence in 2020, but women’s rights groups say the number is much higher. They cite their own figures of 370 recorded femicides and 171 cases of women dying under suspicious circumstances. Add to that women’s suicides, which get only cursory investigation. “In Turkey, at least three women are being killed every day,” said an activist and women’s issues commentator. She noted that femicide is becoming more violent, and some of the brutality is tantamount to systematic torture.

Deadly violence resumes in Myanmar after peaceful protests (AP) At least two people protesting last month’s military coup were reported shot and killed by Myanmar security forces Tuesday after a morning of peaceful marches. Security forces have killed scores of their countrymen in recent days, and the U.N. has put the death toll at 149 since the Feb. 1 coup that toppled Aung San Suu Kyi’s elected government. Violence was reported Tuesday in the biggest city, Yangon, where casualties have been the highest. Police fired rubber bullets in several neighborhoods, and one man was reported killed. Another killing was reported in Kawlin city in the northwestern Sagaing Region.

‘We are hungry’: Lebanese protest worsening economic crisis (AP) Outraged protesters returned to the streets of Lebanon’s capital Tuesday, blocking roads with burning tires and garbage containers as the currency continued to plummet to all-time lows and the country’s financial crisis intensified. The protests resumed—although in smaller numbers—following several days of relative calm as the Lebanese pound continued its slide, plunging to a new low of 15,000 to the U.S. dollar on the black market. The currency has lost 90% of its value since October 2019, when anti-government protests erupted, including more than 25% in the past few weeks alone. Inflation and prices of basic goods have skyrocketed in the country, which imports more than 80% of its basic goods. Senior politicians, meanwhile, have refused to work together to form a new government that would implement the reforms needed to extract the nation from the crisis. The currency crash has pushed more than half the population into poverty. It has also depleted foreign reserves, raising concerns that Lebanon’s central bank will not be able to finance subsidies of some basic commodities, including fuel in coming weeks.

Gunmen on motorcycles kill at least 58 in Niger (AP) Gunmen on motorcycles attacked a group of civilians returning from market day in a volatile corner of Niger, leaving at least 58 people dead and then burning granaries to the ground, the government said Tuesday. There was no immediate claim of responsibility for Monday’s massacres, though extremists belonging to the Islamic State in the Greater Sahara group are known to be active in the Tillaberi region where the villages were attacked.

Nigeria: Inflation hits four-year peak as food prices soar (Al Jazeera) Nigerian inflation hit a four-year peak in February as food prices jumped more than 20 percent, heaping financial pressure on households already faced with a shrinking labour market and a stagnant economy at a time of mounting insecurity. Inflation, in double digits since 2016, reached 17.33 percent, driven by the impact of a coronavirus epidemic that has also induced a drop in the price of oil, Nigeria’s main export, and weakened the naira currency. Food prices, which make up the bulk of the inflation basket, rose 21.79 percent in February, a jump of 1.22 percentage point in January, the National Bureau of Statistics (NBS) said. In a country plagued by insecurity following a wave of kidnappings of schoolchildren in its increasingly lawless north, there are concerns that the “stagflation” combination of rising unemployment and prices and low growth could trigger significant social unrest.