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SON issues conformity assessment certificates to 11 firms in Anambra

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The Standards Organisation of Nigeria (SON) on Wednesday issued Mandatory Conformity Assessment Programme (MANCAP) Certificates to 11 manufacturing firms in Anambra.

Mr Osita Aboloma, the Director-General of SON, made the presentation of the certificates to the companies in Awka.

He said the certification meant that the companies were fit to produce for the Nigerian market as well as the global market in the range of products.

Aboloma, who was represented by Mr Olalekan Omoniyi, the Coordinator of SON in Anambra, said that consumers could now patronise those products with optimal confidence.

According to him, the event is to recognise the companies for their doggedness and excellence in production, and to award the SON MANCAP certification mark to their products.

“With the award of MANCAP, we at SON are demonstrating how standardisation and conformity to standards offer strategic opportunity for increased efficiency, safety and benchmarks.

“The award helps to promote made-in-Nigeria goods to the international market. It is expected to boost their brands within and across the border; they are fit to be used in Nigeria and beyond.

“But let me remind the awardees that the certificates are on loan and could be recalled with attendant penalty, if any of the conditions attached is violated,” he said.

The companies that received the certificates included Crescent Group of Companies Ltd, SNF Foods Ltd, Ashango C. Okoro and Coy Ltd, Sunness Craft Ventures Ltd, Eatank Resource Ltd, and Chumpee Global Resources.

Others were Capitol Super Aluminum Products Ltd, Comag Industries Ltd, Obinaco Aluminum Products Ltd, Emic Foam and Allied Industries, and Beta Cosmetics Manufacturing Co. Ltd.

He further said the agency was working with local producers of ventilators and Personal Protective Equipment (PPE), to ensure products’ standards and standardisation.

The director-general noted that the organisation would ensure that the products conform to acceptable standards, to save lives.

He said the organisation was working round the clock to ensure that Nigerian consumers were protected from unwholesome products.

The director-general stated that there was the need to ensure that minimum industrial standards were maintained.

Abaloma lamented the disruptive effect of the coronavirus pandemic on businesses across the globe.

He noted that in spite the lockdown due to the coronavirus outbreak in the country, the Federal Government allowed some categories of firms to produce and circulate products to Nigerians.

Mr Chukwuma Otubelu, Managing Director, Herd Foams Ltd, said it was not easy to meet the standard requirements, and thanked God that his company was able to earn the certification.

He assured his customers of sustained quality of products, urging government to help local manufacturers to remain in business, by increasing access to cheap foreign exchange, to import components. (NAN)

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Shehu Sani Criticizes World Bank Over Nigeria’s Economic Outlook

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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.

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HIG: Building Trust and Driving Innovation in Nigeria’s Insurance Market

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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.

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Wike Urges Nigerians to Pay Taxes for Improved Social Services

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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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