Breaking News

FG tasks SON on repositioning SMEs for forex earnings

By Franklin Alli

THE Federal Government, yesterday, challenged Standards Organisation of Nigeria (SON) to reposition companies in the Micro, Small and Medium Enterprises (MSMEs) sectors through quality certification of products in order to earn foreign exchange for the country.

Government also commended the agency for the seizure of N5 million worth of substandard tryes. Flagging off SON’s management strategy session for a diversified economy in Lagos, the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, expressed the utmost desire of the Federal Government to build an export economy.

PRESENTATION : From left, Head, Human Resources and Administration, PM Petroleum Managers, Mr. Ademola Esho; Head, Lubricant Plant, Alhaji Nurudeen Adedimeji; Director Operations, Standard Organization of Nigeria (SON), Mr Felix Nyado; Head, Operations, PM Petroleum Managers, Adebayo Kamil Bakinson; Head, Lagos Office 3 (SON), Mrs. Ngozi Ekwueme and Head, Sales and Marketing, PM Petroleum Managers, Mr. Damilola Odukoya, during the presentation of SON Certificate to PM Petroleum Managers, in Lagos.

He also hinged the growth of a manufacturing economy on prevention of dumping of substandard products on the local market. He stated: “Recent feat achieved by the enforcement team of your organisation that apprehended N5 million worth of substandard tyres is commendable considering the safety implications on citizens.

“You must reinvigorate your strategies in the fight against the influx and distribution of substandard products as part of measures to protect the local industries from unfair competition and reposition them for export to earn the most desired foreign exchange. The global collapse of commodity prices undoubtedly provides a golden opportunity for Nigeria to develop its endowed domestic capacity in terms of production and consumption.”

Represented by the Permanent Secretary in the Ministry, Aminu Bisallah, Enelamah added: “Government will continue to provide the agency the added support and encouragement to achieve its mandate in the overall interest of the nation and its people.”

The Director General of SON, Mr Osita Aboloma, said the strategy sessions were aimed at repositioning the SMEs to be in the front burner of the agency’s efforts at contributing to effective implementation of the Nigeria Industrial Revolution Plan, NIRP.

“Closely related to this is the fact that the Acting President has already given us a two month ultimatum to galvanise the standardizations of all SMEs in the country,” he added.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.