Gov. Amosun Hosts Business Community In Ogun State

Amosun, business communityThe Ogun State Governor, Ibikunle Amosun, has asked investors and members of the business community operating in the state to take maximum advantage of the investment friendly environment being provided by the state to grow and develop their businesses.

He made the call during a breakfast meeting with members of the business community, held at the banquet hall of the government house in Abeokuta, the state capital.

While soliciting more synergy, understanding and cooperation for government policies and programme, the Governor asked for the support of the organized private sector in the area of technical training for youths.

While the Governor was promising more development, the state’s Commissioner for Commerce and Industry, Mr Bimbo Ashiru, asked members of the business community to always live up to their civic responsibilities by paying their taxes regularly.

Reps Investigate Nigeria’s Dried Beans Export Ban

Dried beans export from NigeriaThe House of Representatives has mandated Committees on Agriculture, Commerce and Industry to investigate the ban on the exportation of dried beans from Nigeria to European countries.

This resolution followed a point of order raised by Honourable Dozie Nwankwo on Wednesday during plenary.

He expressed concern over the effect of the extended ban of dried beans export on the nation’s economy.

The ban placed by the European Union was done on the grounds that the produce contained high level of pesticide.

The committees are to report back to the house in two weeks for further legislative works.

Officials of the Nigeria Export Promotion Council had in September 2015 considered ways of reviewing the European Union’s ban of products from Nigeria.

Issues of poor packaging, non-adherence to food safety measures and non-compliance to administrative procedure had characterised ‎product export from Nigeria to countries in Europe.

The Executive Director of the Nigeria Export Promotion Council, Mr Olusegun Awolowo, said the ban, according to a report from the World Bank, could lead to a drop of over $6 billion exportable goods from developing countries in 2016.

Ogun State Govt. Set To Reform Industrial Sector

Industrial sector, Ogun stateThe Ogun State Government has affirmed the readiness of the government to deepen reforms in the industrial sector of the state economy, to attract more foreign direct investment to the state.

The Commissioner for Commerce and Industry, Mr Bimbo Ashiru, made the disclosure in Abeokuta, the state capital during the 3rd annual retreat on the promotion of industrialization, organized by the Ogun State Ministry of Commerce and Industry.

Mr Ashiru challenged participants to be up and doing as the state makes giant stride in the industrialization drive.

He said that the state has grown its foreign direct investment to a level of no return.

As a strong emerging economy in the country, he noted that Ogun State has been named among the top five states where businesses are done with ease.

But while the state is proud of this feat, the state government was asked to evolve reforms in some sectors to further reduce the challenges of doing business in the state.

Guest Lecturer, Wole Adeyanju, challenged the state government to create a specialized commercial court to effectively deal with industrial disputes and improve protection for small businesses operating in the state.

The 3rd edition of the retreat was attended by the commissioners, the Head of Service and senior members of the Ministry of Commerce and Industry.

It was to evaluate past performances of government in its industrialization drive and proffer ways of doing business in the state with ease, as well as equipping officers with requisite knowledge to fast track industrial development.

At the end of the retreat, participants are expected to come out with new ways and resolutions that would aid and ensure industrial promotion of the state.

Ogun Government Creates Jobs Through SMEs

Ogun-SMEs-JobsThe Ogun State government says it has created at least 13,000 direct jobs and 91,000 indirect jobs.

The government said that it was able to make the feat through the one billion Naira joint Ogun State and Bank of Industry (BOI) revolving loans awarded to beneficiaries at 7% interest.

The Ogun State Commissioner for Commerce and Industry, Mr Bimbo Ashiru, made the disclosure on Wednesday at the maiden Small and Medium Enterprises event, held at the Valley View Auditorium of the Government House in southwest Nigeria.

In her remark at the one day event, the Ogun State Deputy Governor, Mrs Yetunde Onanuga, urged participants to make use of the various initiatives being put in place by the state government to develop their businesses in conformity with the present economic realities.

She implored them to always discharge their civic responsibilities of paying their taxes and levies.

The event, tagged “Making SMEs a Valuable Addition to the Nigerian Commonwealth”, was organised by the Ogun State Ministry of Commerce and Industry.

Ogun State Government To Focus On Solid Mineral Development

Solid MineralThe Ogun State Governor, Ibikunle Amosun, has expressed the readiness of his administration to provide the much needed political will in developing the solid mineral sector of the state for socioeconomic development, especially in the face of the dwindling revenue from oil.

He made the promise in Abeokuta, the state capital, at the opening ceremony of a two-day Geological Week of the State Ministry of Commerce and Industry, held at the Oba’s Complex in the State Capital.

The Governor said that resolutions reached at the occasion would form the road map for the development of the sector which seems to have been neglected by succeeding administrations in the State.

He then challenged experts and participants to come out with workable recommendations that would form the road map for the development of the sector.

One of the participants and also a lecturer in the University of Ibadan, Olugbenga Okunola, stated that papers were being presented by resource persons in the areas of petroleum and hydrocarbon potential of Ogun State, and effective solid mineral development with emphasis on favourable government policies, favourable mining laws and security among others.

The Ogun State commissioner for Commerce and Industry, Bimbo Ashiru, also added that Ogun State’s abundance of mineral resources, which remained untapped, hold the key to its economic development, especially in the face of the dwindling prices of crude in the international market.

It is, however, believed that while Government is looking into the solid mineral sector, activities of players would be adequately checked to safeguard the environment from further degradation.

Fashola Signs Lagos State Consumer Protection Law

Fashola Sings CPLThe Lagos State Governor, Mr Babatunde Fashola, on Monday gave his assent to the Lagos State Consumer Protection Agency Bill, stating that the purpose of the law was to protect consumers and to ensure that they get value for their money.

The Governor who spoke at the Conference Room of the Lagos House, Ikeja added that the piece of legislative intervention also aims at ensuring that goods that are put on the market are fit for the purpose for which they are sold.

He explained that consumers must be able to seek relief or remedy against manufacturers who put goods that are substandard or those that are not fit for purpose unto the market, adding that he expects that the law would tell consumers that they should not be helpless against erring manufacturers or vendors or service providers, because the State Government has deemed it proper to give support to them so that their voices can be heard.

“I think everybody benefits because it raises the service levels of providers, it raises compliance levels, it improves the quality and standards of goods that are put in the market and the manufacturers and service providers also now know that there is at least a minimum service level expectation that the market will expect”, he explained.

Speaking earlier on some of the provisions of the new law, the Attorney-General and Commissioner for Justice, Mr Ade Ipaiye said the new law repeals the Lagos State Consumer Protection Committee Law, Cap. L15, LLS 2003 and does not affect any right that a consumer may have under any other law.

The Lagos State Consumer Protection Agency is also conferred with all the powers of a corporate body and would have representatives of the Ministries of Health, Commerce and Industry, Manufacturers Association of Nigeria and Standards Organisation of Nigeria as well as two representatives of recognized private sector organizations, the Attorney-General said.

The Attorney-General added that the agency shall also have power to ensure speedy redress of consumer complaints through negotiation, mediation and conciliation, ensure replacement of hazardous products and their elimination from the market in addition to initiating investigation whether it has received a complaint or not.

He noted that the agency is also empowered to publicize banned, withdrawn, restricted or unapproved products and cause offending businesses to compensate their consumers and also has the powers to apply to court where necessary to stop the circulation of hazardous products.

Section 14 of the new law provides that “if a complaint is filed by one or more consumer, consumer associations, State or Local Government Agency, after due investigation, including laboratory test which gives both sides an opportunity to be heard, the agency may direct the person responsible for the harmful product to remove the defect, replace the products, return the price paid, pay damages and withdraw the product from circulation.”

According to Mr Ipaiye, a person found guilty under the law shall be liable on first conviction to a fine of 500,000 Naira or imprisonment for 3 months, while subsequent conviction attracts a fine of 750,000 Naira or 6 months imprisonment.

The event was witnessed by the Chairman of the House of Assembly Committee on Transport, Commerce and Industry, Bisi Yussuf and Lanre Ogunyemi, as well as members of the State Executive Council, including the Commissioner for Commerce and Industry, Mrs Sola Oworu, Special Adviser on Commerce and Industry, Mr Seye Oladejo and Special Adviser on Political and Legislative Powers Bureau, Muslim Folami among others.