Connect with us

General

Weight $ Measures Department Targets N5b Revenue in 2018

Published

on

By Dipo Olowookere

The Department of Weight and Measures of the Federal Ministry of Industry, Trade and Investment has targeted N5 billion revenue generation for 2018.

This was disclosed during the1st Quarterly Meeting of Legal Metrology officers and inspectors of Weights and Measures held on March 22, 2018.

Director of the Department, Engineer Muhammed Sidi Sada, gave this disclosure while delivering his opening remark at the event.

Mr Sada reiterated commitment of the department to work towards the achievement of the desired goals of the Mr Muhammadu Buhari-led administration on diversification which gave rise to this year’s theme of the 1st Quarterly Meeting of the Weights and Measures professionals: ‘Legal Metrology As a Tool for Economic Diversification and Inclusive Industrial Development.’

The Director highlighted the benefits accruing to the Federal Government and citizens of Nigeria from the performance of this important Department of Legal Meteorology which he said of: “Besides contributing to the building of trust for trade in Nigeria, the performance and functions of the Department cannot be overemphasized.”

Mr Sada said the functions of Legal Metrology Officers and Inspectors include: To reduce disputes and transaction costs during the sales of petroleum products, measurement of gas, electricity , water and the billing of telephone bills.

Other functions are providing level-playing field for Commerce by means of meteorological controls, facilitating effective stock control for businesses, for example, the use of dip tapes for measuring equipment and to facilitate the collection of revenue from the testing of weighing and measuring equipment.

“Given the significant roles played by these officers and their contribution to economic recovery and diversification agenda of the Federal Government, there is need for quarterly assembly of this Department to provide a forum to re-assessing, re-strategizing on performance evaluation and working towards improving on revenue generation mandate of the department,“ the Director said.

Mr Sada commended the Permanent Secretary and the Management of Federal Ministry of Industry, Trade and Investment for their roles in the restoration of 20% retention of internally generated revenue (IGR) for the development of infrastructure and procurement of standards. He also disclosed that pre-shipment inspectors have been trained on crude oil and gas measurement to enable them resume pre-shipment inspection of crude oil and gas at the export terminals.

Permanent Secretary of the Ministry, represented by the Director of Human Resources, Mr Dauda Haruna, in his goodwill message to the assembly, assured the department that conducive environment will be provided for Weight and Measures Inspectors to carry out their statutory responsibilities effectively: “Your welfare is paramount to the Management”, he said.

He commended the efforts of the officers who have been working assiduously in the field to generate revenue for the Government despite enormous challenges faced in the course of doing their jobs; he further encouraged them by saying “You may be aware that the issue concerning Weight and Measures Department have been discussed on the floor of the National Assembly. The Legislators are keenly interested in the development of Legal Metrology infrastructure in Nigeria; they are even recommending the upgrade of Weight and Measures Department to an Agency of its own.”

The representative of the Permanent Secretary further said: “It is not only the National Assembly that is committed to the transformation of Weight and Measures; even the World Bank has recently joined the list of International donors or Development partners that are coming up with programmes that are tilted towards the progress of your Department.”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

General

NUPRC Probes Gas Bubbling in Bille Community in Rivers

Published

on

gas bubbling bille

By Aduragbemi Omiyale

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commenced an investigation into a gas bubbling incident in Bille community in Rivers State, but preliminary “deductions and field observations indicate that the gas bubbling may be associated with a subsurface phenomenon that could be linked to a variety of triggers.”

In a statement signed by its chief executive, Mrs Oritsemeyiwa Eyesan, on Thursday, the agency said it was worried about the unfortunate incident, assuring residents that efforts are being made to address the issue.

The commission acknowledged the concerns the “unsavoury development has raised in relation to public safety, the environment, and the health of the populace,” stressing that, “The overall well-being of our communities and the protection of the environment remain paramount to the commission, as they are to government.”

It stated that, “Upon notification of the incident, the commission activated a coordinated technical investigation process in line with established regulatory protocols to assess the nature and extent of the gas seepage, identify source(s) and potential cause(s), and propose immediate and long-term mitigation measures.”

“The investigative study is being conducted in collaboration with stakeholders to ensure comprehensive, fact- based outcomes for long-term sustainability,” it added.

“Detailed geotechnical and geological analyses are ongoing to determine the contributing factor(s) and possible remedies for prompt implementation,” the statement further said.

“The commission assures the Bille community of its resolve to ensure that necessary actions required to address the situation are taken in line with applicable regulations, industry standards and global best practices.

“Once again, the commission commiserates with the Bille community as we work assiduously with all stakeholders to unravel the incident, and enjoins members of the community to maintain the commendable level of responsibility whilst adhering to all safety measures and public health advisories issued by the relevant authorities,” the statement disclosed.

Continue Reading

General

Akwa Ibom Denies Plan to Sell Ibom Power Company

Published

on

Ibom Power Company

By Adedapo Adesanya

The Akwa Ibom State Government has dismissed claims that it plans to sell Ibom Power Company, describing the allegation as false and reaffirming its commitment to reviving the state-owned electricity asset through debt repayment and structural reforms.

In a statement issued on March 18, the Commissioner for Information, Mr Aniekan Umanah, said a report by a Uyo-based tabloid alleging plans to dispose of the company was “a wicked fabrication” that should be disregarded.

“At no time has the government approved the sale of Ibom Power Company as scrap or otherwise,” the statement said, adding that such claims exist only in the “imagination of mischief-makers intent on misleading the public.”

Instead, the government said it is focused on stabilising the company’s operations by clearing legacy debts, including a $9 million facility obtained from Afreximbank several years ago.

According to the statement, Governor Umo Eno approved a structured quarterly repayment plan of $560,000 beginning March 15, 2025, aimed at gradually liquidating the loan.

The government described the move as part of broader efforts to “rescue and reposition Ibom Power Company for sustainable operations,” stressing that the approach reflects a commitment to “revival, stability, and long-term value preservation, not liquidation.”

Beyond debt repayment, the state also outlined ongoing electricity sector reforms anchored on a Private Sector Participation (PSP) framework designed to attract investment while retaining public ownership of assets.

Under the initiative, the government said it has established key institutions, including the Akwa Ibom State Electricity Regulatory Commission and Ibom Electricity Holdings Limited, to strengthen oversight and coordinate state-owned electricity assets. Shares of the holding company have also been vested in the Akwa Ibom Investment Corporation.

The concession model being introduced will allow qualified private operators to rehabilitate, finance, and manage electricity infrastructure over a defined period, with strict performance benchmarks and regulatory supervision.

The government said the framework is structured to ensure that “the State will retain ownership and strategic control of all electricity assets,” while transferring operational and commercial risks to private sector participants.

It added that the reform programme is expected to improve reliability, resolve longstanding challenges, and promote a more efficient electricity market without placing additional fiscal pressure on the state.

On recent power outages across parts of Akwa Ibom, the government noted that electricity transmission and distribution currently fall outside its direct control. However, it said efforts are ongoing to engage relevant authorities to address the disruptions and improve supply.

The statement also criticised the publication that carried the initial report, accusing it of spreading misinformation and warning that “government’s measured silence should not be mistaken for weakness,” citing existing laws on libel and defamation.

Continue Reading

General

Eid-el-Fitr: Gaya Urges Prayers Against National Challenges

Published

on

NSIA Abdullahi Mahmud Gaya

By Modupe Gbadeyanka

Nigerians have been urged to use the occasion of Eid-el-Fitr to intensify prayers against the challenges confronting the nation.

This appeal was made by the independent non-executive director of the Nigeria Sovereign Investment Authority (NSIA), Mr Abdullahi Mahmud Gaya.

Mr Gaya described the current situation in the country as a test of citizens’ spiritual resolve and faith, tasking Muslims to reflect on the deeper significance of Eid-el-Fitr, noting that the festival symbolises sacrifice, obedience to Allah, and compassion for the less privileged.

“Every Muslim finds joy in observing the Ramadan fast, a fundamental obligation in Islam. We should not lose sight of the lessons it teaches: obedience to Allah, sharing our blessings with the needy, and being our brother’s keeper,” he said in a statement issued by his media assistant in Kano.

Speaking on the forthcoming general elections, Mr Gaya advised the electorate to vote for selfless leaders committed to national service and the welfare of Nigerians, describing the polls as a choice between progress and regression, stressing the need for voters to support candidates with verifiable achievements rather than empty promises.

He also urged Nigerians to remain mindful of their civic responsibilities by choosing leaders who demonstrate integrity, sincerity, and dedication.

According to him, the country’s future depends on the electorate exercising their voting rights wisely to elect leaders who understand the responsibilities of public office and approach them with humility, competence, and genuine commitment to service.

Mr Gaya expressed gratitude to Almighty Allah for His mercies and felicitated with the people of Ajingi, Gaya, and Albasu Local Government Areas, as well as Governor Abba Kabir Yusuf and Nigerians at large, on the successful completion of the Ramadan fast.

Continue Reading

Trending