Business
Comptroller General Warns Over Expatriate Quota Abuse
The Comptroller-General of the Nigeria Immigration Service, Mrs Rose Uzoma, has cautioned Nigerians to desist from saying many multinational companies are abusing expatriate quota.
Uzoma, who gave the advice on Sunday in Abuja, told newsmen that the relevant agencies were always ensuring that they did not breach their expatriate quota allocations.
She said: “the Nigerian government goes to other parts of the world to woo investors and when they come, they establish businesses or industries that provide jobs for Nigerians.
“That is not to say that we allow them to violate the law,’’ Uzoma stressed.
“Sometimes there is a misconception. We have a population of about 120 million Nigerians and when you have population of less than a million foreigners; would you say we have too many foreigners among us?
“For me I will say we need more foreigners in this country, provided they are the right caliber of foreigners. We need investors because if they come here and establish business or industries, when they are going they will not carry it away.
“And I always say that any business concern that can employ up to 20 Nigerians is quite desirable. All we need to ensure is that they pay their tax and they don’t break our laws.
“So, let not look at any time we see foreigners we say it is abused of expatriates quota. Definitely, there are some people who don’t conform with the laws, but we always remove them when we find them out.
Uzoma also explained that Nigerians must understand rules governing visa applications before demanding retaliatory measures on nationals whose countries would not bend the rules just to issue visas anyhow.
She recalled an interactive session she was engaged recently in London after the British government issued a new visa policy and some Nigerians there were asking that Nigeria should institute retaliatory measure against British nationals planning to visit Nigeria.
“Before I left to the interactive session, I took my time to find out how many British people were living and working in Nigeria. If I remember correctly, there were 586 of them living and working legally in Nigeria.
“And then I asked those Nigerians at the session in London to tell me how many Nigerians they thought were living in the UK. They said they were about three million. I say wait. So if we send away some 400 Britons and they send back three million people, what did they think would happen?’’
Uzoma also said that there were many Nigerian businessmen and women plying their trades all over the world and that it was necessary not to be harsh on foreigners living in Nigeria legitimately.
She said that any foreigner found committing crime would be dealt with, though.
The immigration boss also recalled that the administration of deceased President Umaru Yar’Adua and signed an agreement on the construction of a cement factory in Nigeria with a Chinese company, which would source finance in the international market.
The fund repayment had a deadline and the Chinese company had to mobilise manpower to execute the project in record time.
She then queried if it was improper for the company to move in staff to make the project achievable.
“The question is that at the conclusion of the construction of the factory, the factory will be employing over 2,000 Nigerians. So if this factory is going to take may be one year to build and after that over 2,000 jobs will be created. Is it not desirable? she queried.
“When I enquired, I found that it was in their contract agreement. We have now found that when these contracts are being negotiated, immigration officers should be present so that we can consider some adjoining issues,’’ Uzoma said.
Uzoma said: “Netherlands government has agreed to assist us in updating our basic training school in Kano to bring it up to international level so that it will be comparable to any other training school in Europe.’’
MoniePoint Inc. a digital financial firm in Nigeria, has said it is empowering community pharmacists across the country with innovative payment solutions to improve access to drugs.
The financial firm said it had also provided loans for pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) to drive healthcare delivery in the country.
MoniePoint in a release titled, “Inside Nigeria’s community pharmacies: How Moniepoint drives healthcare access with payments and funding”, has reaffirmed its commitment to providing digital payment solutions to improve health outcomes in Nigeria.
The release examined how community pharmacies play a crucial role as vital access points for medical care in Nigeria, especially in areas with limited hospital or clinic access.
According to the release, the ACPN National Chairman, Ambrose Igwekwam, highlighted the critical role played by community pharmacies in Nigeria’s healthcare system over the years.
Igwekwam, however, expressed concerns over the challenges confronting the nation’s pharmaceutical industry which he said was hindering access to affordable medicines.
The pharmacist listed poor infrastructural systems, power, transportation, regulatory bottlenecks, importation dependency, and limited research opportunities as major challenges facing the pharmaceutical sector.
He also stressed the need for robust collaborative efforts with institutions like Moniepoint to strengthen the sector.
“As Nigeria continues to grow, improving local pharma manufacturing to meet the demands of this growth presents a key opportunity for us all.
“There is also the African Continental Free Trade Area Agreement, which is expected to boost our industry, especially when we start producing our drugs locally, which will provide the much needed foreign exchange from exports.
“We are also seeing advancements in digital health and technology which would hopefully deepen the practice of e-prescription in Nigeria”, the ACPN boss said.
Corlins Walter
In order to enhance customer service and streamline operations, the Chartered Insurance Institute of Nigeria (CIIN) has called on stakeholders in the insurance industry to embrace Artificial Intelligence (AI).
The President of the institute, Yetunde Ilori, made this call at the 2024 Office Representatives Committee (ORC) Workshop, organised by the institute, with the theme “AI and the Future of the Insurance Industry”, in Lagos.
Ilori at the event, emphasised the importance of AI adoption, noting that it was not a threat to jobs but rather a tool to improve efficiency across the insurance sector.
“It is not about AI taking over our jobs, but about us using AI to simplify processes and give maximum satisfaction to all the customers we serve whether as underwriters, brokers, loss adjusters, or in educating our members”, she said.
The workshop, which brought players in the insurance sector together, aimed to address how AI could be leveraged to transform business processes and improve customer interactions.
The Chairman of the ORC, Monica Nwachukwu, underscored the role of AI in modernising the industry, adding, “AI can automate customer and claims processes, allowing insurers to provide faster and more efficient services to their customers”.
She explained how AI could help extract data from legacy systems, enhancing decision-making processes.
“By integrating AI with APIs, insurers can feed valuable data into AI solutions to improve operations and customer service”, she added.
In his address, the Managing Partner of A4S and Training Heights, Orlando Odejide, stressed the need for companies to align their strategies with future technologies like AI, especially as they prepare for 2025.
“Any organisation that wants to grow into the future must have its strategic plan in place. If your strategy for 2025 is not ready, it should be done by October”, he advised.
He encouraged participants to think critically about how AI could be integrated into their business models to ensure they remain competitive.
“The idea is for you to use this workshop as a platform to think about your organization and how AI can help streamline your processes and improve growth”, Odejide noted.
In order to gain global respect and recognition, the National Space Research and Development Agency (NASRDA) has reaffirmed its determination to pursue its goal in ensuring that Nigeria’s space capabilities are recognised on the world stage.
The agency also reaffirmed its commitment to positioning Nigeria as a key player in the global space economy.
In a statement by the Director of Media and Corporate Communications, Dr. Felix Ale, NASRDA revealed that the Director-General of the agency, Matthew Adepoju, emphasised this during recent engagements at the 79th United Nations General Assembly and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Global Alliance Business Association international conference in Michigan, United States.
The statement noted that Adepoju outlined a forward-thinking agenda, stressing the importance of Nigeria’s space programme as a leader in research, exploration, and technological innovation.
“Our goal is to ensure that Nigeria’s space capabilities are recognised on the world stage.
“We must foster collaborations with global space agencies to enhance our satellite capabilities and technological infrastructure”, he stated.
The NASRDA boss said the agency is focusing on enhancing satellite capabilities, expanding international collaborations, and leveraging space science for national development.
He said NASRDA will have no stone unturned in pursuit of excellence, ensuring the agency secures the necessary resources and recognition to propel it forward.
“The relationships we build today will pave the way for tomorrow’s advancements in space science.
“Innovation and progress thrive in an environment built on collaboration and inclusivity”, he stated.
He emphasised that with the support of the government, international partners, and a dedicated team, NASRDA is poised to make significant strides in the evolving global space landscape.
“We are on the brink of a new era for Nigeria’s space agency. Together, we will ensure our nation stands out in the global space economy”, he said.
Corlins Walter
