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Fed Govt to Save N3tr on Raw Materials, Says Onu



  • Fed Govt to Save N3tr on Raw Materials, Says Onu

The Federal Government would save N3 trillion in foreign exchange on raw materials in five years, the Minister of Science and Technology, Dr. Ogbonnaya Onu, has said.

Dr. Onu, who spoke in Abuja at the First National Consultative Forum for Regulatory Establishment in Nigeria, said the successful implementation of the National Strategy for Competiveness in Raw Materials and Products Development in Nigeria will save the country this amount and yield immense benefits, ensuring irreversible indigenous industrialisation process.

He said the measure will increase higher productivity and enhance value addition, pointing out that the strategy will generate quality employment, alleviate poverty and create prosperity.

According to a statement by the Head of Press and Public Relations, Ministry of Science and Technology, Andulganiyu Aminu, Onu called for collective effort of the stakeholders with commitment through effective collaboration, cooperation and coordination of various complementary roles for the common goal of driving Nigeria to a higher ranking of global competiveness

He said: “My expectation is for our regulatory establishments to apply appropriate conformity assessment measures in ensuring that specific technical requirement of products, services and systems meet intentional standard,” saying “it is important to ensure, at all times, that certification and accreditation are issued after due diligence, based on professional ethics and values.

“This is why regulatory bodies all over world, help nations achieve global competiveness, especially, in building trust for world trade in merchandise and services.”

He stressed the need for effective coordination of all regulatory bodies in Nigeria and ensure that balance is maintained between the needs of both business and the people.

Meanwhile, the Federal Government is proposing a new National Research and Innovation Fund Bill that would provide financial support for innovation and research.

Onu stated this while addressing participants at the North- West sensitization programme on National Science , Technology and Innovation Road Map ( NSTIR) and the Executive Order 5 held in Kaduna over the weekend.

He said the administration is working tirelessly to ensure that Nigeria becomes a knowledge – based economy by the year 2030 in line with the provisions of the the federal government’s Economic Recovery and Growth Plan 2017 -2020 ( ERGP) .

He said the Road Map was crafted with a view to attaining a long- time lifespan to take Nigeria to the Promised Land, adding that the Executive Order 5 would go a long way in promoting both local and foreign investment in the country as well as create employment, while also stimulating the economy.

Onu said: “The Order will also guarantee home- grown capability and capacity to maintain, redesign, reinforce, domesticate and duplicate any infrastructure that is built in Nigeria for self – reliance and development. “

He said with this development, Nigerian innovators and investors in the diaspora, will be encouraged to come home, stating that the era of brain drain was over.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Transcorp Hotels Expand into Marketplace, Launches Aura to Connect People, Hoteliers, Others



Transcorp hotel

Transcorp Hotels Plc, on Thursday, announced it has launched a new digital platform, Aura, through which people can book accommodation, restaurants and experiences.

Aura, Transcorp’s first in the alternative accommodation segment, is part of the company’s asset-light model, leveraging technology to deliver true hospitality, exciting experiences, and drive shareholder value.

It’s a new dawn in the hospitality industry! I am thrilled to introduce you to Aura by Transcorp, the digital platform we are using to connect people to quality accommodation, great food, and awesome experiences,” Managing Director and Chief Executive Officer of Transcorp Hotels Plc. Dupe Olusola said.

For more than 30 years, Transcorp Hotels Plc has been at the forefront of creating a superior guest experience at our locations. Today, our commitment to innovation has offered us an opportunity to extend this beyond the hotel premises,” Olusola added.

The launch of Aura by Transcorp is one of the most significant developments in the company’s history as it seeks to transform the travel and tourism industry in Africa by focusing on three important components of travel, whether for leisure or business — where you stay, what you eat and how you spend your time. With its people-driven hospitality model, Aura is set to revolutionise travel and help remind Africans of our deep history of hospitality.

Speaking on the launch of Aura, Obong Idiong, Chief Executive Officer at Africa Prudential Plc, Aura’s technology partners, expressed his excitement. “Finding the right accommodation when you travel can be incredibly complex. Options available for the right prices are often limited, and travellers sometimes end up with accommodation that taints the travel experience. Transcorp Hotels Plc has been able to fix that with Aura and we are proud to be associated with them.”

To ensure topnotch user experience, we built a solution to drive digital transformation through the adoption of shared living spaces for the Aura business. With an advanced search algorithm powered by artificial intelligence, Aura determines the relevance of locations taking into consideration, the customers’ preferences and requirements to meet them at the point of their needs,” Idiong added.

Priscilla Adeboye, a travel enthusiast and early adopter of Aura, said the global pandemic has pushed international travel down her list. “But I still want to be able to take some time off work or spend a weekend away from home with the family. I have found incredible homes on Aura that meet my need for space and privacy.


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Siemens Energy Nigeria Appoints Seun Suleiman as Managing Director




Seun Suleiman is the New Managing Director of Siemens Energy Nigeria

Mr. Seun Suleiman is the new managing director of Siemens Energy Nigeria, the company announced on Wednesday.

According to the statement released by the energy company, Suleiman will be responsible for the entire management of operations and decisions on business policies and corporate strategy.

Commenting on his appointment, Suleiman said, “It is an absolute honor to lead the business for Siemens Energy Nigeria and I look forward to delivering on the brand’s promise of excellence.

Suleiman joined Siemens Energy in 2014, bringing over 15 years’ experience and deep expertise in the private sector across Europe and West Africa.

The statement said, “He is an accomplished business strategist and success-driven leader with strong business acumen. Suleiman has also been a core member of the executive management team at Siemens Energy serving in roles as Sales Director West Africa – Service Distributed Generation Oil & Gas and Vice President Service & Digital.

“Prior to this, he also held various functional and managerial positions with ABB Ltd UK, ABBNG Nigeria, Schneider Electric Nigeria and Dresser-Rand Nigeria Ltd.

It added that Suleiman was experienced in establishing operational excellence with specific competence in the power, oil and gas sectors.

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FG Reopens Osubi Airport Warri for Daylight Operations




FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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