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Dangote: Priority Investments in Infrastructure, Core Industries will Boost Nigeria’s Economy

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Aliko Dangote, President/CE, Dangote Industries Limited, (Guest lecturer) receiving an award from Engr. Mansur Ahmed, President, Manufacturers Association of Nigeria (MAN) during 50th Annual General Meeting (AGM) of Manufacturers Association of Nigeria and 2nd Adeola Odutola Lecture and Presidential Luncheon in Lagos on Tuesday, October 18, 2022

Business magnate and President of Dangote Group, Aliko Dangote has identified priority investments in infrastructure and core industries among other recommendations, as vital panaceas to boost Nigeria’s economy to its desired level among contemporary nations and in the world overall.

Against the background of the declining fortune of the manufacturing sector, the Africa’s wealthiest man urged the Federal Government to employ strategically

prioritize investments in infrastructure to reverse the trend and boost Nigeria’s economy to its desired level among contemporary nations and in the world over.

In his address as Guest Speaker at the landmark 50th Annual General Meeting of the Manufacturers Association of Nigeria (MAN) and the 2nd Adeola Odutola Lecture held yesterday in Lagos, Dangote expressed optimism also noted that with the collective effort of all stakeholders, it is feasible to move Nigeria from “developing nation” to “newly industrialized nation”.

Dangote said it is imperative that the familiar challenges limiting the pace of industrialisation are frontally addressed while setting a clear-cut agenda for the next 10 years. He identified priority investments in infrastructure and core industries among other recommendations, as vital panaceas to boost Nigeria’s economy to its desired level among contemporary nations and in the world overall.

During the AGM, themed: “An Agenda for Nigeria’s Industrialization for the Next Decade”, where a Blueprint for the Accelerated Development of Manufacturing in Nigeria 2.0 was unveiled, the foremost entrepreneur advocated jail terms for dealers in foreign textile materials in order to discourage imports and boost local production in the textile industry. For legislative backup, he also sought the enactment of a law prohibiting the sale of imported fabrics in the country.

Dangote identified various measures which needed to be put in place to allow Nigeria speed up its industrialization process and development growth. These measures included investment in infrastructure; creation of business-enabling Policy Framework; development of core industries; macroeconomic stability; facilitation of sectoral linkages and sustaining of the federal government’s recent efforts at ensuring security of lives, properties and investments across the nation.

The business titan examined the performance of the industrial sector in Nigeria; identified the nexus between industrialization and economic development with Nigeria and China as case study; analyzed the manufacturing sector in the country with focus on its growth trajectory, current status and challenges, and set an agenda for the next ten years with an implementation roadmap.

According to him, “the experience in various parts of the world has shown that industrialization drives economic growth & development, which improves living standards as evident by the high output and per capita income in industrialized countries.

“The rate of industrialization in Nigeria has been slow as evidenced by the low contribution of manufacturing to GDP, poor capacity utilization and constrained export of manufactured products within and outside the continent. For instance, Nigeria’s share of world output of 0.41%, ranked 29th in the world which is unimpressive, considering its size and resource endowments. It ranks poorly
when compared with India at (3.1%), South Korea (3.0%) and China (28.7%).

“Nigeria’s industrialization process has been greatly challenged by structural and institutional constraints, particularly funding. These factors have over the years cumulatively contributed to its disappointing performance. For instance, in the last decade, average share of manufacturing value added to GDP in countries like China and Malaysia stood at 41% and 38% respectively; compared to 25% in Nigeria.

“In terms of capacity utilization, a major performance indicator which reflects the ability of manufacturing companies to meet rising demand without increasing cost, Nigeria achieved a rate of 55% compared to 76% and 78% in China and South Africa respectively. The country’s dwindling industrial performance has significant socio-economic implications, as poverty and unemployment continue to rise.

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“From 1960 to 2003, the development trajectory of China by far outpaced that of Nigeria within the same period even though Nigeria began on a seemingly better footing. It is therefore important to track back to where Nigeria “dropped the ball” with a view to repositioning the country to the path of growth, development, and social upliftment.

“Based on the comparative analysis of Nigeria and China, one can safely make the following deductions (i) the numerical strength of a nation (population) can indeed be translated into economic wealth (ii) steady growth in manufacturing output is possible when the operating environment is conducive; (iii) no nation can easily transit from  “developing” to “newly industrialized” without a vibrant manufacturing sector; (iv) effective implementation of long term plans backed with policy consistency will promote enduring economic growth and development”, the industrialist added.

According to Dangote, “Nigeria’s manufacturing sector is dominated by light manufacturing with only a few firms operating in the heavy segment of the sector. There are several factors that need to be in place to accelerate the growth of the manufacturing sector in Nigeria. These include: security and rule of law, industry-oriented government policy; adequate infrastructure; industry-oriented Research & Development (R&D); a well-developed SME sector; building of human capacity, and embrace of technology to improve efficiency through automation of manufacturing processes.

On current status of the manufacturing sector, Dangote noted that manufacturing was singled out in the Nigerian Industrial Revolution Plan (NIRP) as the driver of industrialisation and economic growth.

“The contribution of manufacturing to Real GDP in Nigeria contrasts with what was obtained in countries like China (27.16% in 2019); Germany (19.11%); Japan (20.74%) and South Africa (13.53%). To drive industrialization and sustained economic growth in Nigeria, it is important that deliberate policies that are manufacturing-specific should be designed to support manufacturing activities and address the perennial challenges of the sector. It is important to note that the current government policies, if fully implemented, are good enough to address most of the challenges we are now facing,” he said.

Among manufacturing challenges, he identified acute shortage of forex; dearth of long-term funds; limited infrastructure; policy inconsistency/implementation/ enforcement; over-regulation; multiple and high taxes for the industries (the manufacturing sector is beset with over thirty statutory taxes, levies, fees, etc. charged at multiple tiers of government), and insecurity.

According to Dangote, “In consideration of the afore-mentioned challenges, there is an urgent need for a shift in policy approach and strategy to reposition the manufacturing sector for growth over the next ten years. It is imperative that the familiar challenges limiting the pace of industrialization are frontally addressed while setting a clear-cut agenda for the next 10 years.”

While setting an agenda for the next 10 years, Dangote said, “To achieve industrialization goals, it is necessary for a nation to formulate plans and policies that will enhance and sustain industrial development. Sustainable industrial development involves establishment of a conducive environment to encourage investment and ensure efficient usage of resources to increase productivity and growth of the nation.

“Nigeria needs to henceforth intensify efforts at promoting industrialization with specific focus on the attainment of the following targets in the next 10 years: 15% manufacturing sector growth, 20% manufacturing contribution to GDP, 15% growth in export of manufactured products, 10% increase in the share of manufacturing to total export merchandise, stronger inter-industry linkage between SMEs and large corporations, improved manufacturing contribution to Government tax revenue and 20% increase in manufacturing employment”, he added.

In his conclusion, Dangote noted that, “The drive to transform Nigerian into an industrialized nation has been a consistent goal of successive governments since independence. It is therefore, imperative that we focus on sectors with great potential for inclusive growth. Sustainability must be central to our industrial development agenda.

“There is also the need for government (at all tiers) to ensure that they consult widely with relevant stakeholders when taking far reaching decisions on key sectors of the economy. This will make it much easier for manufacturers to make long-term business plans. In addition, policies that have been “tried- and- tested” should be backed with an Act of parliament to give them legal backing and make them less susceptible to arbitrary changes by successive governments.

“Industrialization, driven by manufacturing, has the capacity to facilitate enduring economic growth. The transition mechanism entails the availability of required resources, of appropriate technology, provision of favourable operating environment, human capital development, stable macroeconomic environment and adequate infrastructure. With the collective effort of all stakeholders, it is feasible to move Nigeria from “developing nation” to “newly industrialized nation” status within the next 10 years”, he added.

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Bauchi ‌⁠‍‍Govt Suspends Emir over Alleged Misconduct, Inaugurates Probe Panel

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By Yusuf Danjuma Yunusa

The Bauchi State Government has suspended the Emir of Lame, Aliyu Lame, in the Toro Local Government Area over allegations of misconduct.

The government also approved the constitution of a 12-member administrative panel of Inquiry to investigate the allegations against the traditional ruler.

This is contained in a statement on Saturday in Bauchi by the Special Adviser to Governor Bala Mohammed on Media and Publicity, Mukhtar Gidado.

According to him, the governor approved the decision after receiving formal petitions and intelligence reports from community leaders, stakeholders and security agencies.

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Mr Gidado said the allegations included unlawful interference in land administration, unauthorised collection of levies, interference in the operations of mining companies and other alleged acts of misconduct.

He added that the alleged activities generated tension within the Lame Emirate and raised concerns about public peace and security.

“The Ministry for Local Government and Chieftaincy Affairs had earlier requested explanations from the Emir who submitted written responses.

“However, the government considered the explanations unsatisfactory and deemed it necessary to conduct an independent administrative investigation.

“The panel, chaired by retired Deputy Inspector-General of Police, Sani Mohammed, comprises representatives of security agencies, relevant ministries, Toro Local Government Area and other government institutions.”

He stated that the panel has three weeks to investigate the allegations, examine relevant documents, invite concerned parties and submit its findings and recommendations to the government.

The government spokesman further said that the suspension was a precautionary administrative measure aimed at safeguarding the integrity of the investigation and preventing possible interference with witnesses and official records.

He said that the emir was directed to remain within the Lame Emirate unless authorised otherwise and must refrain from interfering in its administrative, traditional and official affairs throughout the suspension period.

Mr Gidado also said that the government directed the Senior Councillor of the Emirate Council, Bala Gumau, to oversee its day-to-day administrative affairs in an interim capacity.

He said the government urged residents of the Lame Emirate and Toro Local Government Area, community leaders, traditional titleholders and youths to remain calm, peaceful and law-abiding while cooperating with the security agencies and the panel.

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Kano Task Force Accuses Pharmaceutical Council of Nigeria of Shielding Drug Dealers

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The Chairman of the Kano State Multi-Agency Taskforce on Drug Abuse and Illicit Trafficking, Muhuyi Magaji Rimingado, has accused the Pharmaceutical Council of Nigeria (PCN) of allegedly shielding drug dealers and facilitating the distribution of illicit substances in Kano State.

Rimingado made the allegations while addressing journalists in Kano, where he expressed concern over what he described as the involvement of some public officials in activities that undermine the state’s efforts to combat drug abuse and illicit drug trafficking.

The task force chairman said the fight against drug abuse in Kano had reached a critical stage requiring decisive measures against individuals and institutions allegedly using their public positions to create an enabling environment for illegal drug trafficking.

According to him, the task force would no longer concentrate exclusively on arresting drug users while individuals and organisations allegedly responsible for supplying the substances continued to enjoy protection from regulatory authorities.

Rimingado said pregabalin and other controlled substances remained among the most widely abused drugs in Kano State, adding that the situation required regulatory agencies to discharge their responsibilities with patriotism, professionalism and fear of Allah.

He argued that if regulatory institutions performed their statutory duties effectively, there would be little need for the state government to establish additional mechanisms to confront the growing problem of drug abuse.

The chairman disclosed that the task force had recorded 1,760 arrests since the commencement of its operations, with 890 suspects convicted for various drug-related offences.

He further stated that 63 suspects were awaiting trial, while approximately 690 convicted persons were being held in various correctional facilities.

Rimingado explained that other offenders had either been referred for rehabilitation, fined or sentenced to community service, describing the figures as evidence of the task force’s extensive efforts towards reducing drug demand, disrupting supply networks and confronting thuggery.

He maintained that the task force’s strategy recognised the direct relationship between drug abuse and the activities of street gangs and thugs, stressing that tackling the supply chain was essential to achieving sustainable results.

However, Rimingado said the task force could not continue arresting drug users without confronting those allegedly responsible for making the substances available to them.

He specifically accused some regulatory officials of shielding drug dealers despite having statutory responsibilities to prevent unauthorised access to controlled pharmaceutical products.

The task force chairman recalled the recent seizure of 3.18 million pregabalin capsules by the agency, describing the development as an indication of the scale of the drug distribution problem confronting Kano State.

According to Rimingado, eight out of every 10 suspected drug users arrested in Kano were either found in possession of pregabalin or confessed to abusing the substance.

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He questioned the circumstances surrounding the issuance of import licences to pharmaceutical companies dealing in pregabalin, particularly following its rescheduling as a controlled drug by the National Agency for Food and Drug Administration and Control (NAFDAC) on September 14, 2026.

Rimingado wondered what regulatory data informed the issuance of import licences to several companies, alleging that some businesses had exploited the privileges granted to them to facilitate the distribution of controlled substances.

 

In what he described as findings from preliminary investigations, Rimingado alleged that an import licence granted to UGO Lab Production Nigeria Limited on October 23, 2026, was part of a wider network of companies allegedly involved in the unlawful distribution of pregabalin.

He claimed that investigations revealed that the owner of UGO Lab Production Nigeria Limited had also established another company known as SEEMARK Pharmaceutical Nigeria Limited, which he alleged was created as a front for clandestine drug distribution activities.

The task force chairman further accused the Pharmaceutical Council of Nigeria of facilitating the alleged activities by registering a property at No. 10 Apple Avenue, which he described as a purely residential location, for pharmaceutical operations.

According to Rimingado, the property was allegedly used as a concealed distribution outlet for pregabalin, thereby providing a channel through which the substance found its way into the streets of Kano.

He argued that registering a residential property for such activities amounted to a breach of the provisions of the Land Use Act and raised serious questions about the regulatory procedures followed by the PCN.

Rimingado said the alleged actions of the council had undermined the objectives of the Controlled Wholesale Chain (CWC), which he said the regulatory institution itself advocated.

He challenged the regulatory authorities to explain how pregabalin had become widely available on the streets of Kano despite its controlled status, insisting that the substance was rarely found in conventional pharmaceutical outlets across the state.

The chairman maintained that the widespread availability of pregabalin outside recognised pharmaceutical channels could not be dismissed as accidental, arguing that it pointed to possible weaknesses or deliberate compromises within the regulatory system.

 

Rimingado also alleged that some staff members of the Pharmaceutical Council of Nigeria were deeply involved in clandestine pharmaceutical businesses, claiming that such involvement explained what he described as the council’s excessive protection of its regulatory jurisdiction.

He expressed concern over what he considered the council’s insistence on exclusive authority to seal premises, even in situations where other government agencies had uncovered alleged wrongdoing.

The task force chairman noted that the PCN had fewer than 20 staff members in Kano State but continued to insist that it alone possessed the authority to seal premises suspected of violating pharmaceutical regulations.

He argued that such an approach was counterproductive, particularly when the state government’s multi-agency task force was working to address a public health and security challenge affecting thousands of residents.

Rimingado stressed that the statutory responsibilities of federal regulatory agencies should not be interpreted as immunity from legitimate oversight, collaboration or accountability by other relevant government institutions.

He maintained that public officials were expected to operate within the limits of the law and should not use their positions to obstruct efforts aimed at protecting the public from the dangers of illicit drug trafficking.

The chairman warned that any public official who acted contrary to the provisions of the law could face criminal liability, adding that the task force was prepared to deploy all necessary legal measures to address the alleged misconduct.

He reaffirmed the task force’s commitment to pursuing drug dealers, disrupting distribution networks and ensuring that individuals and institutions allegedly contributing to the drug abuse crisis were held accountable.

Rimingado said the fight against drug abuse in Kano required collective responsibility, insisting that regulatory agencies must demonstrate transparency, integrity and commitment if the state was to make meaningful progress in tackling the menace.

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2027: INEC to Conduct Mock Presidential Poll Nov 28

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By Yusuf Danjuma Yunusa

The Independent National Electoral Commission has fixed November 28, 2026, for a nationwide mock accreditation and voting exercise ahead of the 2027 general elections to test upgrades to its Bimodal Voter Accreditation System and electronic results transmission.

This comes as the commission said it has commenced the distribution of non-sensitive materials to some states ahead of the 2027 general elections.

INEC Chairman, Prof. Joash Amupitan (SAN), announced the mock election on Thursday during a dialogue at Chatham House in London, organised in partnership with the Kimpact Development Initiative, with the theme, “Nigeria’s 2027 Elections: Democratic Trajectory and Regional Stability Beyond the Ballot.”

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According to a press statement issued in Abuja and signed by the Chief Press Secretary and Media Adviser to the INEC Chairman, Adedayo Oketola, Amupitan said the exercise would simulate the presidential election and enable the commission to assess the effectiveness of its accreditation and electronic transmission systems before the polls.

“On the 28th of this month, we will conduct a mock accreditation and voting exercise across all states of the federation to simulate the presidential election and verify that we have gotten both accreditation and electronic result transmission right,” he said.

The INEC chairman also disclosed that the commission had introduced technical safeguards to prevent inaccurate polling unit results and figures reflecting over-voting from being uploaded to its Result Viewing Portal.

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