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Quality Products Would Reduce Nigeria’s Exports Reject  – SGF Akume

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▪︎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.

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CBN: 60 newly recruits staff laments three years of waiting without engagement

The concerned staff appealed to the CBN Governor, President Bola Tinubu, and other stakeholders to look into their plights, as economic hardship has taken a toll on them after about three years of leaving their jobs.

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• CBN Governor, Olayemi Cardoso

A group of newly recruited staff of the Central Bank of Nigeria (CBN) have cried out over delayed posting and onboarding into various positions since August 28, 2023.

The Guardian reported that according to the employees, the Apex Bank issued the offer, which was followed by an acceptance copy and instructions to resign from their previous places of work, where applicable, as part of documentation.

“We all tendered resignation letters to our former employers at that time to enable us to proceed with the CBN process,” one of the affected employees, Emmanuel Linus Dabo, who spoke on behalf of others,, told newsmen on Monday.

According to him, the application process started in April 2023, where their resumé were submitted to the Headquarters of CBN, and after some time, they received emails from the Human Resources Department for interview and aptitude tests.

“We did a medical examination at the bank’s medical clinic, where a code was given to individual applicants before we could access the hospital.

After the interview and medical and aptitude tests, the successful applicants were contacted by the HR manager to come to CBN Headquarters in Abuja to pick up their offer letter. We filled the acceptance letter without delay,” he said.

He further stated that there was a series of e-mails from the Human Resources office requesting that they forward their credentials for the online documentation, including their acknowledged resignation letters from their previous employers…

The concerned staff appealed to the CBN Governor, President Bola Tinubu, and other stakeholders to look into their plights, as economic hardship has taken a toll on them after about three years of leaving their jobs.

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KPMG, NRS settle rifts over new tax laws

In its newsletter on January 9, KPMG said there are “errors, inconsistencies, gaps, omissions, and lacunae” in the new tax laws that require urgent reconsideration to ensure the achievement of their stated objectives.

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KPMG executives and Zaach Adedeji, chairman of the Nigeria Revenue Service (NRS), held a meeting on Monday following the disagreement over the new tax laws.

In its newsletter on January 9, KPMG said there are “errors, inconsistencies, gaps, omissions, and lacunae” in the new tax laws that require urgent reconsideration to ensure the achievement of their stated objectives

However, on January 10, the presidential fiscal policy and tax reforms committee pushed back against KPMG’s critique, noting that KPMG does not understand the laws.

The committee said a significant proportion of the issues described as “errors,” “gaps,” or “omissions” by KPMG are either the firm’s own errors and invalid conclusions, or matters not properly understood by the firm.

In a statement on Monday, the NRS said that Adedeji hosted a courtesy visit from the delegation of the tax advisory firm.

” During the visit, the KPMG team clarified that their earlier opinion on the new tax laws “had been misconstrued and expressed regret over the misunderstanding.

“They sought further clarity on the provisions of the laws and highlighted areas where recommendations could be made.”

The source said that the meeting ended with the delegation commended the NRS chairman for efficiently and promptly implementing the reforms.

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IMF to release January 2026 World Economic Outlook update on Monday

The January WEO Update is expected to provide revised global growth forecasts and insights into inflation trends, monetary policy direction, and key risks facing the global economy in 2026.

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The International Monetary Fund (IMF) will release its January 2026 World Economic Outlook (WEO) Update on Monday, January 19, 2026.

The report will be presented during a press conference hosted at the National Bank of Belgium in Brussels.

The press conference is scheduled for 10:30 a.m. The Brussels time and will be streamed live via the IMF website and Press Centre, allowing journalists to participate both in person and virtually.

The IMF’s economic assessment will be presented by Pierre-Olivier Gourinchas, Economic Counselor and director of the Research Department; Petya Koeva Brooks, deputy director of the Research Department; and Deniz Igan, Division Chief, Research Department.

The January WEO Update is expected to provide revised global growth forecasts and insights into inflation trends, monetary policy direction, and key risks facing the global economy in 2026.

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