Business
MDGs: UNIDO Urges Nigeria To Prioritise Industrial Dev
The United Nations Industrial Development Organisation (UNIDO) Country Representative, Dr. Patrick Kormawa has urged the Federal Government to prioritise industrial development, to achieve the MDGs Goal One.
The goal is on eradication of extreme poverty and hunger.
Kormawa, who stated this in an interview with The Tide source in Abuja, yesterday said this was the only way the country and people could be moved out of poverty.
He said poverty would only be reduced in any nation if the industrial sector was developed to provide employment.
“You can only reduce poverty when you create employment and it has been the missing link in our development efforts.
“If you want people to have high income, increase their productivity; you will have growth. For a country to have growth, you have to develop the productive base that is the industrial sector,” he said.
The country representative said that UNIDO was helping Nigeria and other member countries to achieve MDGs by reducing poverty and hunger.
“The MDGs goal one is to reduce hunger and poverty and this is an area where UNIDO is making one of the greatest contributions both in Nigeria and other countries,” he said.
He said that UNIDO was contributing toward poverty reduction and hunger through development of the productive sector of the country which deals with manufacturing.
He said women must be allowed to have access to productive activities to achieve the MDGs goal three dealing with women and equality.
“UNIDO has a major programme that also works with women to be engaged in industrial sector in their field because women have special skill.
He said that UNIDO and Nigerian government were currently developing skill to bridge skill gap assessment problem among the students in tertiary institutions in the country.
“Looking at the growth patterns in other countries, we see that growth is driven by structural change to manufacturing and value-added services; but in Nigeria, growth has been driven by a commodity exports boom.
“This must change in the next 15 to 20 years, if we are to be among the league of prosperous countries.
“The experience of Europe, the US, Japan, and China demonstrate how concerted efforts to build the manufacturing capacity and rapidly diversify the economy acted as a spur to economic growth, transformation and prosperity. Why not Nigeria?
“Indeed, you can only reduce poverty through inclusive and sustainable industrial development. Industry creates massive employment and this is a development paradigm that has been missing over the years,” he said.
According to Kormawa, as Nigeria builds its momentum towards industrial development, it will likely face some challenges, one of which will be the issue of industrial skills.
“For example, with a high percentage of its productive labour force, unemployed and the incessant complaint of manufacturers and employers of not finding the right talent to fill a position, there seems to be an existing skills gap in the country.”
Executive Director, MCC Nigeria Ltd, Mr Nelson Jaja (left) having a handshake with Chief Nabil Saleh in the Garden City Corporate Award, organised by the Minister of Commerce and Industry in Port Harcourt, recently.
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