National Agency for Science and Engineering Infrastructure (NASENI) has listed four opportunities for fast-tracking industrialization by Nigeria to include Leveraging Public-Private Partnerships (PPP), Investment in local manufacturing, Green Technologies, and Digital Transformation.
L-R: Mr. Mayowa Oludare, Editor in Chief, Global Financial Digest (Moderator); Mr. Tunde Kamali, Director, Office of of the Director General, representing Dr. Emomotimi Agama, Director General, Security and Exchange Commission (SEC); Prof. Yaqub Jameelah Omolara, Head of Department of Economics, Lagos State University (LASU); Prof. Diran Akinleye, Head of Department of Economics, University of Lagos (UNILAG); and Mr Tunji Jimoh, Zonal Controller, Lagos, representing Dr. Aminu Maida, Executive Vice Chairman, Nigerian Communications Commission (NCC) during the panel discussion at the WorldStage Economic Summit (WES) 2014 at Ibis Hotel, Lagos on Wednesday, September 25, 2024.
Khalil Suleiman Halilu, Executive Vice Chairman/Chief Executive in a presentation titled “Fast-Tracking Industrialization Through Science and Engineering Infrastructure” at the WorldStage Economic Summit (WES) 2014 on Wednesday, September 25, 2024 in Lagos, said collaborative efforts between the government, private sector, and research institutions are essential for driving technological advancements while PPPs can leverage resources, expertise, and funding to accelerate innovation and industrial growth.
Represented by Ibrahim Dauda Coordinating Director F&A of NASENI, the EVC said, “Developing local industries can create jobs, reduce imports, and boost the economy. Investing in local manufacturing capabilities strengthens the domestic industrial base and reduces reliance on foreign goods.”
As for Green Technologies, he said adopting sustainable technologies was crucial for long-term industrial growth as green technologies minimize environmental impact, promote resource efficiency, and contribute to a more sustainable future.
Moreover, Halilu said, digital transformation entails harnessing the power of artificial intelligence (AI), the Internet of Things (IoT), and automation in industries to enhance efficiency, productivity, and competitiveness. Digital transformation is essential for staying ahead in the global marketplace.
At the WES 2024 with the theme: ‘Nigeria: Setting a Stage For Business And Economic Recovery’ Halilu described industrialization as a cornerstone of national development, driving economic growth, creating jobs, and improving living standards.
“Science and engineering play a pivotal role in this process, serving as the foundation for innovation, production efficiency, and technological advancements,” he said.
“The benefits of industrialization are in employment generation, poverty reduction, improved living standard, improved economic growth and development, balance of payment stability, self-reliance, stimulation of other sectors of the economy, and development of skilled manpower.”
At the WES 2024 which also attracted top executives and academicians including Dr. Aminu Maida, Executive Vice Chairman, Nigerian Communications Commission (NCC); Dr. Emomotimi Agama, Director General, Security and Exchange Commission (SEC); Prof Diran Akinleye, Head of Department of Economics, University of Lagos (UNILAG); Prof Yaqub Jameelah Omolara, Head of Department of Economics, Lagos State University (LASU), the NASENI boss said agency was at the forefront of advancing Nigeria’s science and engineering sectors to propel industrial growth and the role of science and engineering infrastructure Innovation hub, Technology transfer, and skilled workforce.
“Establishing centers for research and development in engineering, material science, and technology is crucial for fostering innovation. These hubs act as catalysts for groundbreaking discoveries and technological breakthroughs, driving industrial progress,” he said.
“Encouraging partnerships between academia, government, and private industries is essential for bridging the gap between research and practical application. This collaboration fosters innovation by facilitating the transfer of knowledge and technologies from research institutions to the industrial sector.
“Investing in education, training and retraining programs to produce skilled engineers, scientists, and technologists is paramount. A well-trained workforce is essential for implementing innovative technologies, driving productivity, and ensuring the success of industrialization efforts.” He said NASENI as the only on-purpose built intervention agency of the Federal Government under the Presidency whose mandate include nurturing an appropriate and dynamic Science and Engineering infrastructure base for achieving home initiated and home sustained industrialization for Nigeria is ready support any innovative idea from Nigerians.
“NASENI is established with similar template like its contemporaries in the diaspora used for industrial development such as Standard and Industrial Research Institute of Malaysia (SIRIM), National Science and Technology Development Agency (NSTDA) Thailand, Badan Pengkajian dan Penerapan Teknologi (BPPT) Indonesia, Government Technology Agency (GovTech) of Singapore,” he said.
Already, he said NASENI was making Contributions and Future Strategies in the areas of R&D and Innovation, Capacity Building Programs, Policy Support and Advocacy, Energy, “NASENI is actively involved in research and development projects in areas such as renewable energy, automation, and advanced manufacturing. These projects aim to develop innovative technologies and solutions for industrial applications,” he said.
He listed some of NASENI commercialized products to include NASENI 14-inch Professional Laptop, NASENI Electric KEKE, NASENI IP66 200W Solar Light, NASENI Android Smartphone, NASENI 10-inch Android Tablet, NASENI Solar Irrigation Pump, NASENI ENERGY SAVING LED LIGHT, NASENI SOLAR GENERATOR.
With a vision of a technologically advanced and industrialized Nigeria, where science and engineering drive economic prosperity and societal progress, he said the agency was committed to playing a pivotal role in realizing this vision.
“Continuous investment in science and engineering is crucial for sustainable industrial growth,” he said. “By prioritizing research, development, and innovation, Nigeria can unlock its full potential and achieve a brighter future.”
TCC is Required, WAEC Exams Still Free in Lagos, LIRS Clarifies
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
The Lagos State Internal Revenue Service (LIRS) has reiterated that the provision of FREE West African Examinations Council, WAEC registration for SS3 students in state-funded secondary schools is a vital policy of the Lagos State Government and that free education policy from kindergarten to SS3 is still in operation.
This initiative, part of the THEMES PLUS agenda, is included in the government’s broader efforts to provide essential services such as affordable housing, efficient transportation, free healthcare, youth and small business empowerment programs, enhanced security, and better road infrastructure, among others.
Mr. Ayo Subair, Executive Chairman of LIRS, stated, “It is standard procedure to require a Tax Clearance Certificate (TCC) to access government services. To obtain a TCC, individuals must file their annual tax returns for the applicable assessment year and ensure their tax payments are currently based on their declared income.”
He highlighted that this requirement has been in practice for a long time and aligns with Section 85 of the Personal Income Tax Act (PITA) 2004 (as amended).
It is important to emphasize that every resident of the state, whether in formal employment or not, is required by law to file annual tax returns, declaring their income and paying any taxes due.
This requirement is backed by the Nigerian Constitution, it is also the law, as stipulated in the PITA and part of the social contract between the government and residents.
The Lagos State Government is dedicated to offering quality and efficient services to its residents. As part of this mission, it mandates that all taxable individuals register with the tax authority, submit their returns, and pay applicable taxes to maintain an updated Tax Clearance Certificate (TCC).
Mr. Subair explained that tax compliance is essential for the sustainability of public programs and services.
He noted that requiring a TCC for access to free services is not a new policy but a longstanding practice intended to foster fairness and transparency in using public resources. Tax revenues help fund various public programs that benefit millions of Lagos residents. For informal sector taxpayers, who might not have detailed financial records, the government has introduced a presumptive tax of ₦10,100 (comprising ₦10,000 in annual tax and a ₦100 development levy) to facilitate their inclusion in the tax net.
To enhance convenience and streamline the process, LIRS has deployed staff and agents to markets and schools, establishing one-stop centers where individuals can obtain their TCC without needing to visit tax offices. Flexible payment options, including installment plans, are also available, though full payment must be completed before the TCC is issued.
He also added that the TCC of guardians will be accepted from students who do not reside with their biological parents.
“The aim is fairness, accountability, and sustainability,” emphasized Mr. Subair. “This policy is not about inflicting hardship, but rather ensuring that everyone, including those in the formal sector, contributes their fair share to sustain the provision of essential services.”
By meeting their civic responsibilities, residents play a role in the growth and development of Lagos State, reinforcing the government’s commitment to enhancing the quality of life for its citizens.
… Agency Urges Residents to Stop Patronising Cart Pushers
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
The Lagos Waste Management Authority (LAWMA) has intensified its enforcement and clean-up operations across the state to curb indiscriminate waste disposal and maintain environmental sustainability.
The agency’s Managing Director and Chief Executive Officer, Dr. Muyiwa Gbadegesin, emphasised LAWMA’s unwavering commitment to keeping Lagos clean, noting that the monitoring and enforcement team had been mobilised to ensure compliance with waste management laws of the state.
He said, “LAWMA remains resolute in stamping out illegal waste disposal and environmental violations. Our Environmental Monitoring and Enforcement Anti-Cart Pushers Squad has been actively dislodging illegal waste operators who contribute to the degradation of our environment. We urge residents to desist from patronising them and instead work with registered PSP operators for proper waste disposal.”
Gbadegesin said the enforcement team recently carried out major operations in areas like Ifako-Ijaiye, Dopemu, Agege, Ojodu Berger, and other parts of Lagos, apprehending cart pushers known for collecting waste and dumping it at unauthorised locations, stressing that such activities violated environmental laws and undermined the state government’s efforts at maintaining a clean and livable city.
He warned that ignorance of the law is not an excuse and anyone caught engaging in cart pushing would be made to face the full wrath of the law.
The LAWMA boss further noted that the Authority had also commenced the evacuation of waste from illegal dumpsites along the Lekki-Epe Expressway, particularly behind Circle Mall, adding that the operation, simultaneously taking place at Mile 2 Badagry expressway, would continue in the coming weeks, in line with the agency’s ongoing efforts to clear accumulated waste, remove silt along the median and verges and prevent indiscriminate disposal along highways.
In a separate exercise, LAWMA has intensified efforts to clean up Lagos waterways, ensuring that rivers and water bodies remain free of waste and blockages. The initiative is aimed at reducing environmental pollution and promoting cleaner water channels across the state.
Gbadegesin urged Lagosians to support LAWMA’s initiatives in 2025, by properly disposing of their waste, reporting service gaps, and calling the agency’s helplines for backup waste collection services.
“A cleaner Lagos is achievable when everyone plays their part. We urge residents to work with assigned PSP operators, report waste-related infractions, and adopt responsible waste disposal habits. Together, we can create a cleaner and healthier city for all,” he added.
For waste management related issues and complaints, please call LAWMA toll-free numbers: 080000LAWMA (08000052962), 07080601020 and 617, or visit www.lawma.gov.ng.
Access Bank Appoints Uche Orji as Independent Non-Executive Director
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Access Holdings Plc (‘the Company’) is pleased to announce the appointment of Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc (‘the Bank’), effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’).
orji
This appointment reflects our commitment to enhancing our governance practices and ensuring a diverse and experienced board.
Mr. Orji is a renowned investment banking professional, information technology entrepreneur, and finance expert with three (3) decades of professional and board experience. He is the Co-founder and Partner of Titangate Capital Management, an equity firm that invests in deep-tech, enterprise software, semi-conductors, hardware, and artificial intelligence companies.
He is the Founder and Director of Vitesse Africa Limited, an investment advisory firm focused on African energy, technology and infrastructure sectors. He serves as an Executive Board member and investor in Ultrasafe AI, an artificial intelligence/IT development firm that maintains strategic collaborations with leading technology companies. He also sits on the Board of Private Infrastructure Development Group, London, and chairs the Risk Committee.
Previously, Mr. Orji served as the founding Managing Director and Chief Executive Officer of Nigeria Sovereign Investment Authority. He held positions as Managing Director and Senior Analyst at UBS Securities Limited New York and Managing Director and Head of European Technology/Semiconductor Equity Research at JP Morgan Securities, London. He also served as Executive Director/Portfolio Manager at Goldman Sachs Asset Management, London. Earlier in his career, he was Acting Financial Controller at Diamond Bank Limited and an Audit Trainee at Arthur Andersen & Co.
He holds a Bachelor of Engineering Degree in Chemical Engineering from the University of Port-Harcourt and a Master of Business Administration from Harvard Business School.
Commenting on the appointment, Mr. Paul Usoro, SAN, the Chairman of the Bank said:
“Mr. Orji has been appointed based on his exceptionally rich professional, academic, and corporate board experience which will be invaluable to the Bank as we continue to pursue our strategic objectives.
We are confident that his addition to the Board would further enrich the quality of our decision-making process, enabling us to deliver even greater value to our customers and stakeholders.
His appointment has been made in accordance with the Bank’s internal policies and has been notified to all relevant regulatory authorities underscoring our commitment to upholding the highest standards of corporate governance.
On behalf of the Board, Management and staff, I warmly welcome Mr. Orji to the Board and look forward to his contributions towards our goal of becoming one of the top 5 African Banks in the shortest possible time.”