Business
Group Calls for Regular Stevedores Training and Equipment Upgrades at Ports
The P&H Nova Group, a key player in Nigeria’s maritime industry, has called for the regular training of stevedores and significant upgrades to handling equipment at Nigerian ports. The group emphasized that ongoing training, proper equipment maintenance, and strict safety compliance are essential for improving the efficiency and competitiveness of the nation’s ports.
This appeal was made by Prince Hillary Anekwe, Chairman of P&H Nova Development and Procurement Limited, during a media interaction following a staff training program titled “Effective Maritime Personnel Operations Workshop,” held at the company’s office in Lagos.
Prince Anekwe highlighted the critical need for regular training among port operators, pointing out that many employees often lack a thorough understanding of their company’s operations. “It is quite common that many companies, when you go into their offices and interview their workers, you will find that almost 50 or 60 percent of workers don’t know what the company does. They are only interested in their salary. But we make it mandatory that people working with us have to know what we’re doing,” he remarked.
He also discussed the wide range of business activities conducted by P&H Nova Group, including the procurement and supply of handling equipment to port operators in Nigeria and abroad. “Our goal is to ensure that these operators have access to the best quality equipment needed to enhance their operations,” Anekwe explained.
In addition to equipment supply, the group provides high-quality Personal Protective Equipment (PPE) to ensure the safety of port workers. “We have partnerships with several companies in Asia known for producing top-tier PPE products,” Anekwe added.
Training is a central aspect of P&H Nova’s business model. Anekwe stressed the importance of educating port workers not only on how to operate the equipment but also on maintaining it to ensure longevity and safety. “We don’t just supply equipment; we also offer comprehensive training services for port workers on how to operate and maintain this handling equipment,” he stated.
He concluded by underscoring the value of professional development in cultivating a knowledgeable and motivated workforce. “We believe bringing in more professional people to lecture the port workers is important,” Anekwe said, expressing his satisfaction with the workshop’s success.
Former Kaduna Central Senator Shehu Sani has criticized the World Bank for worsening Nigeria’s economic difficulties. In a post shared on X, Sani accused the institution of projecting that Nigeria’s hardship would extend for another 15 years before the country could reach a better economic future. He questioned how many Nigerians would be left to enjoy that future, and how many African nations the World Bank has successfully helped to prosperity.
Sani’s remarks follow the World Bank’s latest *Africa’s Pulse* report, which forecasts that the Nigerian Naira will be among the worst-performing currencies in Sub-Saharan Africa by August 2024. The report placed the Naira’s decline alongside that of the Ethiopian Birr and South Sudanese Pound.
Heirs Insurance Group (HIG) recently announced impressive financial results for the 2023 fiscal year, marking significant growth across all key metrics. The Group’s Gross Written Premium (GWP) surged by 59.3%, from N19.9 billion in 2022 to N31.7 billion in 2023. This remarkable performance underscores HIG’s resilience and operational efficiency, further solidifying its position as one of Nigeria’s fastest-growing insurance firms.
Heirs General Insurance (HGI) saw a 77% increase in GWP, reaching N12 billion in 2023. HGI’s profit before tax (PBT) also rose by 203%, reflecting the company’s effective cost management. Similarly, Heirs Life Assurance (HLA) reported a 71% GWP increase and a staggering 395% rise in PBT. Both companies have demonstrated a strong commitment to customer satisfaction, disbursing billions in claims.
Beyond financial success, HIG actively engages in corporate social responsibility (CSR) projects, contributing over N100 million to education, community development, and financial literacy. With plans for future expansion and innovation, HIG is poised to remain a key player in Nigeria’s evolving insurance market.
Federal Capital Territory (FCT) Minister, Nyesom Wike, has called on Nigerians to fulfill their tax obligations, emphasizing that government revenue is essential for delivering social services. Wike made this appeal during the inaugural Abuja Business and Investment Summit, held in Abuja on Wednesday.
Speaking on the summit’s theme, “Optimising Investment Through Partnerships,” Wike stressed the importance of collaboration to generate investment opportunities. He dismissed the misconception that the government does not need revenue, explaining that taxes are crucial for funding public services.
Wike reiterated that both investors and the government must benefit from such partnerships, ensuring that both parties “go home smiling” through a fair exchange of services and taxes.
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