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Ogun Governor Plans Reforms to Boost Business Operations

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Ogun State Governor Dapo Abiodun

By Adedapo Adesanya

The Ogun State government, in its bid to improve the ease of doing business, has announced the establishment of an enterprise development agency,

The Governor of the state, Mr Dapo Abiodun, disclosed that this was one of the measures he intends to take in improving the ease of doing business in the state.

Speaking at a meeting with chief executive officers of companies in Abeokuta, the governor said his administration will introduce some reforms that will help to reduce bureaucratic bottleneck and improve ease of doing business in the state.

He said some of the reforms include the establishment of the State Enterprise Development Agency to strengthen small and medium enterprises (SMEs) and boost their capacities.

He said the Ogun State Investment Promotion Agency was also set up to provide a one stop shop and eliminate unnecessary delays in processing necessary documents, while the public private office has also been established to ensure that the state has a template that is transparent and accessible.

The governor, while calling on investors in the state to consider indigenes of the state for permanent employment or internship when establishing their businesses in the state, said a bill on local content has been sent to the house of assembly to that effect.

He said good governance, through focused leadership, provision of good road network, to ease movement, provision of adequate security, digitalisation to enable the state make use of information communication technology (ICT) in its educational institutions as well as employment generation, would be vigorously pursued.

The governor also said the contract for the construction of Ijebu-Ode – Epe road has been awarded, just as the Ogun and Lagos governments have approached the federal government for the takeover of construction of Sagamu- Ogijo-Ikorodu, Abeokuta-Ota-Lagos roads.

“We have identified other roads like the Agbara- Atan-Ota, Ewekoro-Ifo, Sagamu interchange and the Ilaro-Ibeshe roads which are in bad shape and working to put them in good condition,” Mr Abiodun said while decrying the poor condition of roads in the industrial hubs.

He said the state public works agency, charged with the responsibility of fixing township and rural roads, has been established, adding that deplorable roads in the state will receive attention.

The governor then said the meeting was called to enable his government explain his policies and seek their buy in for the development of the state.

In a contributory session, Mr Michael Onafowokan, CEO of Coleman Cable, asked the state government to develop human capital that are employable and easy to access through a portal dedicated to the investors.

On his part, Mr Jacob Makanjuola of WAPCO lauded the governor as the first organised sure an event, calling for a joint working committee made up of representatives of the state and the private sector for a seamless working relationship.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Senate Probes Abuse of Federal Character Principle in NNPC, CBN, Others

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NNPC Crude Cargoes pricing

By Adedapo Adesanya

The Senate is investigating all Ministries, Departments, and Agencies (MDAs) and even infrastructural development across the country to determine their level of compliance with Sections 14(3) and 14(4) of the 1999 Constitution (as amended), which focuses on the federal character principle.

The federal character principle mandates that the government at all its levels should reflect Nigeria’s diversity to ensure national unity and prevent domination and also ensure that all communities have fair and equitable representation in governance.

The upper chamber has mandated its Committee on Federal Character and Inter-Governmental Affairs to conduct a thorough investigation hearing into possible infringement of this principle.

This resolution followed a motion raised by Senator Osita Ngwu, who acknowledged the persistent challenges in achieving equity within Nigeria’s public service, including limited recruitment opportunities, skewed promotions based on years of service rather than merit, and a lack of mobility for workers outside the public sector.

Lawmakers also noted that despite constitutional provisions mandating fair representation across ethnic, linguistic, religious, and geographic lines, imbalances continue to exist.

The Senate specifically criticised several federal institutions, including the Nigerian National Petroleum Company  (NNPC) Limited and its subsidiaries, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the National Agency for Food and Drug Administration and Control (NAFDAC) and the Nigerian Ports Authority (NPA), the Central Bank of Nigeria (CBN), among others, for allegedly failing to adhere to federal character mandates in their recruitment processes.

The committee is expected to report back within three months with findings and recommendations to ensure fair and equitable representation in federal appointments, promotions, recruitment and infrastructural distribution across the over 900 MDAs.

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EFCC Arrests 133 Suspects from Abuja Ponzi Scheme Academy

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efcc declare assets

By Adedapo Adesanya

Operatives of the Economic and Financial Crimes Commission (EFCC) on Monday raided a Ponzi scheme academy and arrested 133 suspects in the nation’s capital, Abuja.

According to the EFCC’s spokesperson, Mr Dele Oyewale, who confirmed the operation in a statement on Tuesday, the suspects were apprehended at the Compensation Layout in Gwagwalada, Abuja, after receiving actionable intelligence about the academy’s activities.

“The academy, named Q University (also known as Q-Net), lures young Nigerians by promising them unrealistic profits.

“The recruits were trained to further recruit others, using the slogan Special Training for New Generation Billionaire.

“The suspects joined the scheme by filling out an Independent Representative Application Form, with promotional slogans like: I’m a Champion, I’m Unstoppable, and I’m Infinity,” the EFCC said.

The EFCC, in collaboration with officers from the 176 Guards Battalion of the Nigerian Army, executed the operation, with phones, computers, and other electronic gadgets seized from the suspects, who “will be charged in court once investigations are completed.”

The agency has stepped up efforts to clamp down on illegal activities, particularly those involved in internet fraud schemes.

In January, the anti-graft agency arrested 105 people, including four Chinese nationals, for suspected involvement in a fraudulent scheme targeting hotels in Europe and elsewhere.

Also in December 2024, the EFCC arrested 792 suspects in a raid on a building believed to be a hub for fraudsters who lure their victims with romance scams and phoney cryptocurrency investments on WhatsApp and Instagram.

The suspects included 148 Chinese and 40 Filipino nationals housed in a luxury in Lagos targeting victims from the Americas and Europe.

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Prices of Solar Panels, Others May go up as Nigeria Plans to Stop Importation

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Solar Panel Importation

By Aduragbemi Omiyale

There are strong indications that the prices of solar panels in Nigeria may soon jump at the markets as the federal government is considering stopping its importation to boost local production

The Minister of Science and Technology, Mr Uche Nnaji, said the country has the capacity to meet local demand of solar energy and to encourage more domestic investments in the landscape, the importation of solar products, which are duty-free, has to stop.

Speaking in a recent interview in Abuja at the launch of the NEV T6 electric buses, Mr Nnaji said the plans to prohibit solar panel importation aligns with Presidential Executive Order Number 5, which seeks to promote local content in science, engineering, and technology.

He emphasised that with the National Agency for Science and Engineering Infrastructure (NASENI), there is nothing to worry about with local solar panel production.

“With NASENI here, you know that we have panels. It has a factory that has started producing solar panels and other private individuals are also producing solar panels as we speak.

“So, all we need to do is, even through science and technology, through our Presidential Executive Order No. 5, we will stop all these importations of solar panels.

“We will support our local industries to grow and very soon, most houses will go off-grid. Personally, I have been off-grid for over three years and it is working,” the Minister said.

Mr Nnaji noted that Nigeria was already making significant investments in renewable energy infrastructure, noting that with the expansion of local solar panel manufacturing, more Nigerian homes and institutions would transition to off-grid power solutions

“We have lithium in abundance here in Nigeria, so Mr. President is already taking action. We are adding value to our raw materials. The lithium we have here will be processed and used as batteries for these vehicles,” he stated.

“If you look at our budgets, we have what is called mini-grids all over the place. In less than three or four months, you will start seeing our hospitals and institutions being powered by solar.

“Again, we are saving the environment. We are putting in place non-carbon emission infrastructure. So, we are creating power everywhere,” he added.

Business Post gathered that at the moment, the price of 555w solar panels goes for between N140,000 and N160,000, while a 220v inverter battery is about N260,000, with a 60A charge controller at about N180,000.

Consumers are already scared that if the importation of solar panels are stopped, prices will rise like it happened with rice.

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