Business
FG, US Partner On Fair Labour Practices
The Federal Government has said that it would partner the United States on fair labour practices to boost international trade relations in the Nigeria.
Minister of Labour and Employment, Sen. Chris Ngige, stated this when he received the Political Officer in the U.S. Embassy, Mr Marlin Hardinger, in Abuja.
This was contained in a statement by Mr Samuel Olowookere, Deputy Director, Press, Ministry of Labour and Employment, on Saturday in Abuja.
Ngige said that the decision by the U.S. to tie her trade relations with Nigeria to fair labour practices was a big boost to the country’s international trade.
“We appreciate the American government for taking this step. It is pleasing to note that you are synergising with the International Labour Organisation to make this workable.
“This is really a big boost to trade not only in Nigeria, but in the entire continent of Africa.
“I have often thought of the workability of trade without productivity and its implication for a developing country like ours. The decision of your government to tie the two is re-awakening and important to us.
“Though trade relations between our two countries have receded following the decision of your country to stop the import of crude from Nigeria, we have a vast agricultural product base which can find ready market in the U.S.
“It is distressing, however, that even trade in this area is equally on downward swing,” he said.
He said that the primary focus of the Federal Government currently was to give quality life, including gainful employment and infrastructural development, to the people.
“What we are looking for is a Nigeria that is prosperous and stable enough to remain a rallying point in the comity of nations and not necessarily a supper power.
“We will partner you in this effort,” Ngige said.
The statement said that earlier, Hardinger had said that the purpose of his visit was to encourage, correct and adjust trade efforts across Africa and the U.S.
He said that the process officially began in 2000 and was renewed in 2015, adding that promoting trade and economic growth was integral to proper running of an economy.
Hardinger said that the objective would be given more momentum at the 2016 Labour Roundtable Conference slated for September in the U.S.
“This is being done to promote the United States policy under her Africa Growth Opportunity Act [AGOA],’’ he said.
Also speaking, according to the statement, was ILO Country Director for Nigeria, Mr Dennis Zulu, who said that the proposed September meeting would enrich participating countries on labour laws.
Zulu said that the discussions on trade goals and labour would be beneficial to member-states.
He added that the constraints, which member-states faced in accessing the U.S. market, would also be discussed.
Dr Clement Illoh, Permanent Secretary, Ministry of Labour and Employment, said that the theme for the workshop would be centred on relationship between labour, trade and investment, with reference to occupational safety and health.
He said that Nigeria had ratified the eight-core convention in the World of Work.
“This is especially on issues like social labelling, child labour, hazard at work, employments, skill development and certification as to their relationship with trade and investment,” he said.
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
