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Weight $ Measures Department Targets N5b Revenue in 2018

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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]

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Nominations Open for CIO & C-Suite Awards Africa 2025

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Abiola Laseinde

By Modupe Gbadeyanka

Organisers of the CIO & C-Suite Awards Africa for 2025 have opened the portal for nominations, calling on interested parties to submit their entries on or before August 31.

A statement disclosed that nominations for the awards commenced on June 2. Entries will be received from about 15 African countries, an improvement from the previous year.

This expansion underscores a strong commitment to recognizing excellence and leadership across the continent, fostering collaboration, and inspiring the next generation of innovators.

It was stated that this year, nominations will come from Nigeria, Kenya, Uganda, Rwanda, Ghana, Senegal, Côte d’Ivoire, Cameroon, Togo, South Africa, Angola, Zambia, Morocco, Tunisia, and Egypt. They are expected to be submitted via www.thecioawards.ng.

CIO & C-Suite Awards Africa, now in its sixth edition, remains a prestigious platform to celebrate visionary leaders driving innovation, transformation, and impact across sectors through the strategic use of technology and enterprise leadership.

It has evolved into a truly pan-African initiative that honours outstanding Chief Information Officers, CTOs, CDOs, as well as other C-Suite Executives, and senior digital leaders who are shaping the future of their industries.

Nominations are now open across a wide range of sectors, including Education, Other Financial Institutions, Fintech, Media, Telecommunication, Technology Services, Fast-Moving Consumer Goods (FMCG), Banking, Agriculture, Aviation, Public and Social Services, Energy and Health.

These categories reflect the diversity and dynamism of the African business landscape, and the Awards aim to celebrate leaders making a measurable impact in these fields.

All nominations will be reviewed by a distinguished jury comprising respected industry leaders and subject matter experts.

The awards process receives technical support from Deloitte Nigeria, while KPMG Nigeria serves as independent assurance partner, ensuring transparency, credibility, and alignment with global best practices.

Nominees will be evaluated based on innovation, leadership, impact, and strategic alignment with business goals.

Nominations are open to the public. Organizations, peers, and industry stakeholders are encouraged to submit nominations for professionals who exemplify exceptional leadership, strategic vision, and a commitment to digital transformation within their organizations and sectors.

“This year’s expansion reflects our deep commitment to showcasing Africa’s finest in technology and enterprise leadership. We are building a pan-African stage to spotlight those shaping the continent’s digital future,” the chief executive of Edniesal Consulting and convener of CIO & C-Suite Awards Africa, Ms Abiola Laseinde, said.

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PaidHR Raises $1.8m Seed Fund to Boost Operations

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PaidHR

By Adedapo Adesanya

Nigerian human resources business management startup, PaidHR, has raised a $1.8 million seed round to expand its operations in the country, with the funding support provided by Accion Venture Lab, Zrosk, Chui Ventures, and Zedcrest Capital.

PaidHR plans to deepen its market share within Nigeria, accelerate product development, and expand its customer success teams with the latest round of funding.

The new funding round brings PaidHR’s total investment to about $2.9 million.

The HR-tech startup raised $500,000 pre-seed in 2022 and an additional $600,000 in 2023.

Founded in 2020 by Mr Seye Bandele and Mr Lekan Omotosho, PaidHR provides a comprehensive platform for payroll, HRIS, compliance, performance management, and Earned Wage Access (EWA).

PaidHR’s cross-border payroll system supports 49 currencies, empowering businesses to pay employees in their local currencies and navigate the complexities of international HR management.

With over 200 businesses under its arm, the startup generates revenue through subscription fees and transaction fees from payroll processing.

In 2024, PaidHR reportedly processed N29 billion in salaries, nearly doubling the amount processed in 2023.

“We are proud to support the team as they deliver scalable, cost-effective solutions that help strengthen small businesses and enable employees to take control of their financial lives,” said Amee Parbhoo, managing partner at Accion Venture Lab.

The startup recently launched an employee wallet app that enables employees to access and spend their wages without needing to transfer funds to a bank.

PaidHR claims the wallet app currently processes over N1.3 billion monthly and is targeting an increase with the latest round.

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Again, TCN Restores Electricity to Nigeria’s Northeast

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Transmission Company of Nigeria TCN

By Adedapo Adesanya

The Transmission Company of Nigeria (TCN) has announced the restoration of bulk electricity supply to the Northeastern part of the country,

According to a statement signed by the TCN General Manager for Public Affairs, Mrs Ndidi Mbah, the supply was restored through the 330kV and 132kV Jos-Bauchi-Gombe transmission lines.

She said that the lines were initially switched off to enable TCN energise the new Bauchi Substation – one of the biggest substations in the region to the national grid.

”The transmission lines have now been reconnected back to the grid. Consequently, supply to the northeast has been restored since the June 19 at about 4.45 pm.

”With the project completed, bulk power transmission has been restored to Jos and Yola Electricity Distribution Companies, which supply electricity to customers in Bauchi, Gombe, Yobe, Damaturu, Adamawa, and Taraba states,” she said.

Mrs Mbah said that the connection of the new substation to the national grid had enhanced power reliability, diversified transmission routes, and improved emergency response capabilities in the North Eastern region.

According to her, TCN appreciate the patience and support of the affected customers during the outage.

Recall that last year, the Shiroro-Kaduna transmission line, which supplies power to Northern Nigeria, was vandalized by insurgents and in response, TCN, at the time, said it has partnered with the National Security Adviser’s office to secure the area.

Activities of vandals have been an impediment to electrifying Nigeria’s large population with disparity in access to power, especially in the country’s north, cited as a drawback in attaining economic power over the years.

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