Business
Quality Products Would Reduce Nigeria’s Exports Reject – SGF Akume
▪︎Picture : Dr. Maurice Mbaeri, PS, OSGF (left) in deep discussion with Osita Aboloma, Chairman/CE, NQC at the workshop on Sustainable Metrology Services in Nigeria. Others from left are Engr. Obiora Manafa, President, Metrology Society of Nigeria; Simeon Umukoro, Trade Market Access Lead at the UK Department for Business & Trade in Nigeria and Celestine Okanya, DG, Nigeria National Accreditation System.
The Federal Government of Nigeria has called on the organized private sector to consistently demand quality products and services from the public sector in order to foster a culture of quality across the country.
Senator George Akume, Secretary to the Government of the Federation, highlighted the importance of quality during a workshop on the Sustainable Provision of Metrology Services held in Lagos.
He emphasized that a strong demand for quality would enhance Nigeria’s ability to trade effectively on an international level, particularly in light of the African Continental Free Trade Area Agreement (AfCFTA) and the government’s economic diversification plans.
Represented by Dr. Maurice Mbaeri, the Permanent Secretary in the Office of the SGF, Akume pointed out that a more efficient National Quality Infrastructure, facilitated by the Nigerian National Quality Policy, would lead to increased non-oil exports, improved foreign exchange earnings, job creation, and overall economic growth.
He urged all stakeholders to actively support the implementation of the AfCFTA Digital Trade Protocol, following Nigeria’s recognition as the Digital Trade Champion for Africa at the recent African Union Assembly.
Osita Aboloma, Executive Chairman of the National Quality Council (NQC), reinforced the Council’s commitment to enhancing the National Quality Infrastructure, which would improve the competitiveness of Nigerian products and services. He remarked that the NQC’s efforts would help increase non-oil exports and reduce the country’s export rejects.
Support from the United Kingdom was acknowledged, particularly in relation to the Standards Partnership Programme (SPP), aimed at strengthening Nigeria’s quality infrastructure. Dr. Simeon Umukoro from the UK Department for Business and Trade reiterated the UK’s commitment to supporting Nigeria’s economic initiatives, highlighting that improved quality infrastructure would create new opportunities for innovation and competitiveness.
The partnership aims to elevate Nigeria’s export capacity, attract investment, and enhance trade efficiency in alignment with global standards and practices.
Business
Government Can’t Run Business Effectively – Dele Oye
We all know the failed history of government being involved in business. Ajaokuta… they have blown $8 billion and have not produced one steel; they blew $3 billion on refineries rehabilitation… and nothing happened. We are not having any fuel from them
Barr Dele Oye, the former president of NACCIMA, at the Vanguard Economic Discourse 2026 edition in Lagos on Wednesday, advised the federal government to limit its role to policy support and facilitation rather than involvement in commercial business activities.
Oye, now the Chairman of Alliance for Economic Research and Ethics (AERE) , cited past failures such as the Ajaokuta Steel Company and refineries rehabilitation projects.
He said: ” We all know the failed history of government being involved in business. Ajaokuta… they have blown $8 billion and have not produced one steel; they blew $3 billion on refineries rehabilitation… and nothing happened. We are not having any fuel from them.”
Oye maintained that government lacks the capacity to run businesses effectively.
” You have no track record in running any business… you cannot be government and also be private sector,” he said.
Business
John Ternus is Apple’s incoming CEO
John Ternus, Apple’s longtime hardware boss, is taking over as CEO, becoming just the second leader since Steve Jobs departed in 2011, less than two months before he died from cancer.
• John Ternus / CNBC / Getty Images
Tim Cook’s 15-year tenure as Apple CEO comes to an end on Sept. 1, the company announced on Monday.
John Ternus, Apple’s longtime hardware boss, is taking over as CEO, becoming just the second leader since Steve Jobs departed in 2011, less than two months before he died from cancer.
CNBC reports that as Cook exits, Apple faces numerous challenges, including an intricate supply chain that’s complicated by geopolitical tensions and soaring prices for memory due to unprecedented demand from the AI buildout.
But for Ternus, perhaps the most critical aspect of his new job will be pushing the company deeper into AI, where it’s lagged many of its megacap peers.
It said that so far, Apple’s AI strategy has involved avoiding hefty capital expenditures while Microsoft, Google, Amazon and Metacommit to hundreds of billions of dollars a year in combined capex to fund new data centers and fill them with pricey AI chips.
Business
NCC, CBN launch telecom industry portal to track fraudulent phone lines
“This means banks and other financial institutions can determine whether a line is active, swapped, disconnected, or reassigned to another subscriber.”
The Nigerian Communications Commission (NCC), and the Central Bank of Nigeria ( CBN), have launched a portal that enables financial institutions to track fraudulent and suspicious phone lines across the country.
It is called the Telecoms Identity Risk Management System (TIRMS) portal , aimed at providing financial institutions with real-time visibility into the status of phone numbers used for transactions.
“The portal aggregates data on churned or recycled lines and numbers flagged for suspicious activities.
“This means banks and other financial institutions can determine whether a line is active, swapped, disconnected, or reassigned to another subscriber,” said the Executive Vice Chairman of NCC, Dr. Aminu Maida.
Speaking during the MoU signing event, Maida said that the agreement provides a structured framework for cooperation in critical areas, including payment system integrity, fraud mitigation, digital inclusion, and consumer protection.
On his part, Governor of CBN, Mr. Olayemi Cardoso, said the MoU would strengthen coordination on regulatory approvals, technical standards, and innovation initiatives, including sandbox testing.
He noted that the partnership aligns with the apex bank’s commitment to promoting a secure, resilient, and inclusive financial system.
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