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Business

SON tasks workers to engage importers, others to foster a sanitized local industrial sector

The SON has called on its staff in the states to collaborate with importers and other relevant associations in their operations.

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Substandard Goods: SON to stop registration of products with similar names to popular products

The Standard Organization of Nigeria (SON) has called on its staff across the states of the federation, to collaborate with importers and other relevant associations, in a bid to achieve a sanitized market and healthy local industrial sector.

This call was made by Mr Farouk Salim, the organisation’s Director-General and Chief Executive Officer (CEO), during an official visit to the SON’s office in Awka on Thursday.

According to a report by NAN, Mr. Salim said in a bid to scale up the operations of the organization, and engender effective service delivery, there is a need for synergy that would not only reduce friction between SON and the business community, but also help achieve the target of a sanitized market and healthy local industrial sector.

He added that the states’ workers under the organization should reach out to various associations in their areas of interest and carry out sensitization on activities of the SON. He tasked all state coordinators to engage the business communities at all times, rather than relying on the routine engagement of security personnel in the course of employment.

According to him, the organization under his leadership was increasing the logistics and manpower support to state offices, by way of decentralising its operations to enable them function more independently and speedily.

Salim stated that each state office will have Information Communication Technology (ICT), Human Resource and Legal departments, as well as the ability to hire low-level staff, to reduce their need to go to or wait for Abuja, over every operational issue.

In a bid to ensure people are accorded their rightful placements, the DG revealed that all staff promotion and conversion issues would be investigated and determined by a special committee for approval.

What they are saying

Mr. Salim, during the working visit and inspection, said:

  • SON was established essentially to protect the local industry from the unhealthy attack of foreign counterparts, through the importation of substandard and uncertified products. However, you can’t achieve this without engaging the associations in this space.
  • “You have guns and hammer but you do not need to use it all the times, you do not have to confront those you are working for, reach out to the associations and make them part of what you are doing. With this approach, they will be willing to hand over who you are looking for.”

Mr Olalekan Omoniyi, Coordinator of SON in Anambra attributed the success in Anambra to adherence to the vision of the DG, highlighting that some of the challenges in the state include the inability to enforce eProduct registration to marketers’ hostility towards staff members.

He called for more operational vehicles, the establishment of SON office in the industrial town of Nnewi, training of staff and provision of online office equipment to boost efficiency in the state.

Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor. He is a business owner and a stern advocate of Financial literacy, who believes in the huge economic prospect of the Nigerian Payment channels and Fintech space.

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Business

More Nigerians don’t trust government, fear losing jobs more than COVID-19 – Report

The 2021 Edelman Trust Barometer has revealed that Nigerians trust NGOs, businesses more than they trust the government.

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Cross section of Nigerians

A recent survey has revealed that only 24% of Nigerians have trust in the government which is one of the lowest rates in the world. The report also stated that Nigerians have more fear of job losses than Covid-19.

The was revealed in the 21st Edelman Trust Barometer Survey Report on Nigeria unveiled virtually by Edelman and its Exclusive Nigerian Affiliate, Chain Reactions Nigeria, in Lagos on Tuesday, 23 February 2021.

Presenting the 2021 Nigeria findings with the theme: ‘Pandemic’s Ongoing Impact on Trust’, CEO of Edelman Africa, Jordan Rittenberry, noted that Nigerians are looking to civil society organisations and businesses to assist the government in uplifting communities and driving positive change.

The 2021 Edelman Trust Barometer Report revealed that “out of the four institutions of government, business, media and Non-Governmental Organisations (NGOs), Nigerians trust civil society organisations the most, with businesses coming second.” 

Highlights of the survey include:

  • Most Nigerians expressed distrust for the media and returned the lowest trust quotient in the world for government with 24%.
  • Nigerians overwhelmingly placed the highest Trust in their ‘employers’, and in the process revealed their expectations for CEOs and business leaders to be more pro-active in speaking out on societal issues (92%) and driving positive change (79%) rather than wait for government.
  •  Nigerians fear losing their jobs more than they fear coronavirus, with a high degree of vaccine hesitancy revealed, as only 26% expressed readiness to take the COVID-19 vaccine when made available.

Laolu Akande, the Senior Special Assistant on Media to Vice President Yemi Osinbajo said: “Distrust in government is not peculiar to Nigeria. However, the government does have the responsibility to up its game in communication, to demonstrate responsibility and responsiveness.”

Akande cited the acclaimed National Social Intervention Programmes, and the COVID-19 Survival Fund as some evidence of the Muhammadu Buhari administration’s unprecedented responsiveness to Nigerians.

In case you missed it

Nairametrics reported last month that only 68.8% of Nigerians believe Covid-19 is real. While 39.9% of Nigerians say they will take the vaccine, 63.3% are opposed to another lockdown, in a report by SBM Intel

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Business

SEC denies knowledge of Oando shareholder’s court case

SEC has denied ever being served with court processes with respect to the purported matter at the FCT High court.

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unclaimed dividend, SEC restrains fintech company, Chaka from advertising or offering for sale shares

The Securities and Exchange Commission (SEC) has denied the claim by one of Oando Plc’s shareholders, Engr Patrick Ajudua, that he won a court case against the capital market apex regulator.

SEC disclosed in a statement it issued and seen by Nairametrics on Wednesday that there was never a time it was served with court processes with respect to the purported matter at the FCT High court.

It stated, “The attention of the Securities and Exchange Commission (the Commission) has been drawn to several publications in the media, where it is reported that a shareholder of OandoPlc, purportedly obtained a judgment from the Federal Capital Territory High Court against the Commission.

“The Commission wishes to inform the general public that it was never at any time served with court processes with respect to the purported matter at the FCT High court. The Commission will consequently take all necessary steps to verify and set aside the purported decision of the said Court.”

What you should know

  • On Tuesday, Ajudua, reportedly won a legal suit, which was filed at the High Court of the FCT against SEC, according to Nairametrics.
  • He filed that the directive of the SEC suspending Oando’s Annual General Meeting is in breach of his right to freedom of association as guaranteed under Section 40 of the Nigerian Constitution and Articles 9, 10 & 11 of the African Charter on Human and Peoples Rights.
  • In the said hearing presided over by Honorable Justice O. A Musa, all cases filed were granted in his favor.

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