Industry
Manufacturers seek FG’s intervention over continuous hike in Diesel price
The Manufacturers Association of Nigeria, MAN, is seeking urgent intervention from the Federal Government to support the production of goods, as diesel price continues to increase.
Lanre Popoola, the chairman, Manufacturers Association of Nigeria, MAN, Oyo, Osun, Ekiti and Ondo branches, stated this in Ibadan on Sunday, while speaking on the increase of prices of petroleum products and lack of power supply.
“It is a difficult thing ensuring production at this time, as diesel has gone up to N720 and N730 per litre.
“It is getting extremely difficult to produce and I don’t know how we are going to cope because 70 percent of industries are running on diesel, there is no light.
“There is no power supply, we are having 30 percent of what it used to be, whereas the disposable income of people is not increasing and the cost of products are going up.
“Even in my factory now, we are only running one shift instead of three shifts of eight hours each.
“Other businesses are also running limited hours on diesel as they cannot afford to use generators all day,” Mr Popoola added.
The chairman noted that, if the situation persisted, it could lead to bigger issues that would further affect the nation’s economy and increase the hardship of Nigerians.
“The worst part is that diesel suppliers cannot agree for organisations to make a flexible payment plan such as instalments, while they deliver the products in trust.
“They cannot again supply you with diesel and allow you to pay in two weeks. It is either you do cash and carry, or pay ahead, because they too cannot predict the cost of the product.
“And I don’t blame them, imagine you bought diesel last week at N630 per litre and the next day it is sold for N730 per litre, how will you replace your stock,” he said.
Mr Popoola stated that the way forward was for the government to come in and assist manufacturers, by giving some rebate on diesel, adding that, that was the only lifeline.
“Aside manufacturers, for transporters that are bringing food from the North or taking products to the East or Lagos, now the cost of their logistics would have doubled by 100 per cent if not 200 per cent.
“Maybe the government can come in and do a kind of palliative for us, it is either we have light 24 hours per week, to run our factories or do a palliative on diesel.
“But unfortunately, we don’t produce diesel in this country, if the refineries are working, it is a different ball game, the country would have had it better now, if the refineries are working.
“So the more the international prices of Petroleum products go up, the higher the prices of what we are going to get from them,” Mr Popoola said.
The Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu, has been honoured with the distinguished award for Engineering and Industrial Innovation at the 2nd edition of the Nigeria Excellence Awards in Public Service (NEAPS).
The award which was presented by the Vice President of Nigeria, Sen. Kashim Shettima, GCON on behalf of President Bola Ahmed Tinubu GCFR, underscores Mr. Halilu’s stellar performance and transformational leadership during his first year in office.
The presentation ceremony, held at the Banquet Hall of the Presidential Villa, Abuja on Saturday 6th July 2024 aimed at celebrating outstanding public servants who have made significant contributions to the nation’s development.
Mr Halilu’s recognition is a testament to his unwavering commitment to making NASENI a hub of technology transfer and innovation not only in Nigeria but across Africa.
Under Halilu’s leadership, NASENI has witnessed transformational reforms aimed at fostering technological advancements and industrial growth. His visionary approach has driven the agency to new heights, with key initiatives that have positioned NASENI as a leading hub for innovation and proving the manufacturing capabilities of Nigeria.
These efforts have included the development of cutting-edge technologies, the promotion of sustainable industrial practices, and the fostering of strategic partnerships with leading industry players to enhance Nigeria’s competitive edge in the global market.
In his acceptance speech, Mr. Halilu expressed his gratitude to President Tinubu, Vice President Shettima, and the entire NASENI team.
He emphasized that this recognition is a collective achievement, reflecting the hard work and dedication of everyone at NASENI.
“This award is a recognition of our commitment to advancing engineering and industrial innovation in Nigeria. It is a testament to the efforts of the entire NASENI team, and I am deeply honored to accept it on their behalf,” Mr. Halilu stated.
The award not only highlights Mr. Halilu’s contributions over the past year but also sets a benchmark for future endeavours aimed at driving technological and industrial innovation in Nigeria and beyond.
NASENI remains committed to its mission of fostering sustainable development through technological innovation, and this award is a strong validation of its ongoing efforts to make a lasting impact on the nation’s industrial landscape.
Also, other eminent Nigerians, who received the award were: General Abdulsalami Abubakar, Senate President, Godswill Akpabio, Speaker of the House of Representatives, Hon. Tajudeen Abbas, Chief of Staff to the President, Hon. Femi Gbajabiamila, former and serving Governors, Ministers, Lawmakers, and Head of Government MDAs among others.
In the bustling kitchens of homes across Nigeria, something magical is happening. Amidst the sizzle of pans and the aroma of spices, families are coming together in a celebration of love, nourishment, and togetherness. Golden Terra Soya Oil’s “Pour Pure Love” campaign has captured the hearts and taste buds of consumers nationwide.
For AlhassanSule, an engineer, watching the ad repeatedly reminds him of a time long gone, yet still etched vividly in his memory. As he watches the scene unfold on screen—a mother stirring a pot of soup, the aroma filling the kitchen—he can’t help but be transported back to his own childhood home.
Suddenly, he was a young boy again, sitting at the kitchen table, watching his mother cook with the same love and care. He could almost taste the flavors of her cooking, and feel the warmth of her embrace as she served him a bowl of steaming hot soup.
But it wasn’t just the sights and smells that brought tears to his eyes; it was the flood of emotions that accompanied them—the love, the warmth, the sense of belonging. In that moment, he realised how much those simple meals had meant to him, how they had formed the foundation of his most treasured memories.
As the ad came to an end, he finds himself smiling through his tears, grateful for the reminder of the love that had always been there, even in the simplest of moments. And as he reached for a bottle of Golden Terra Oil at the supermarket, he did so not just as a consumer, but as someone who had been touched by the power of nostalgia and the enduring bond of family.
The “Pour Pure Love” campaign emphasises the importance of creating an emotional connection with consumers by offering meaningful connections in addition to high-quality products.
Chief Marketing Officer, TGI Group, Probal Bhattacharya stated that the outpouring of positive reviews and engagement from consumers for the “Pour Pure Love” campaign underscores the enduring connection between Golden Terra Soya Oil and the moments of motherly love and care shared around the dining table.
“Our goal is to be more than just a product on the shelf – we strive to be a trusted companion, a source of inspiration, and a symbol of warmth and love. With the Pour Pure Love campaign, Golden Terra Oil pays tribute to all the world’s Moms for the warm tasty meals that fill our hearts and our souls with all the love that they pour selflessly into our lives,” he stated.
Golden Terra Soya Oil is a premium, all-purpose cooking oil made from 100 percent pure soya beans, sourced and manufactured in Nigeria. It contains 5x more PUFA (Polyunsaturated Fatty Acids) proven to deliver numerous health benefits, like reducing cholesterol, maintaining a healthier heart, enhancing nerve function, boosting brain health, and supporting muscle strength. Discerning consumers trust Golden Terra Soya Oil to bring an unmatched balance of Taste & Health to every dish cooked with it. Available in various sizes, including 1000ml pouch, 700ml and 1.4L bottles, and 2.5L, 4.5L, and 25L kegs.
Tropical General Investments (TGI) Group is an international investment and holding company with diversified interests and investments across Africa, The Middle East, Asia, and other emerging markets. TGI’s investments focus on driving inclusivity and value addition using locally sourced raw materials, state-of-the-art manufacturing facilities, and a highly skilled workforce to produce world-class products that are consumed both locally and exported to global markets. Across markets, TGI Group owns over a hundred leading brands in Fast Moving Consumer Goods, Agricultural Inputs, Industrial Chemicals, Homecare Products and Pharmaceuticals.
In the bustling kitchens of homes across Nigeria, something magical is happening. Amidst the sizzle of pans and the aroma of spices, families are coming together in a celebration of love, nourishment, and togetherness. Golden Terra Soya Oil’s “Pour Pure Love” campaign has captured the hearts and taste buds of consumers nationwide.
For AlhassanSule, an engineer, watching the ad repeatedly reminds him of a time long gone, yet still etched vividly in his memory. As he watches the scene unfold on screen—a mother stirring a pot of soup, the aroma filling the kitchen—he can’t help but be transported back to his own childhood home.
Suddenly, he was a young boy again, sitting at the kitchen table, watching his mother cook with the same love and care. He could almost taste the flavors of her cooking, and feel the warmth of her embrace as she served him a bowl of steaming hot soup.
But it wasn’t just the sights and smells that brought tears to his eyes; it was the flood of emotions that accompanied them—the love, the warmth, the sense of belonging. In that moment, he realised how much those simple meals had meant to him, how they had formed the foundation of his most treasured memories.
As the ad came to an end, he finds himself smiling through his tears, grateful for the reminder of the love that had always been there, even in the simplest of moments. And as he reached for a bottle of Golden Terra Oil at the supermarket, he did so not just as a consumer, but as someone who had been touched by the power of nostalgia and the enduring bond of family.
The “Pour Pure Love” campaign emphasises the importance of creating an emotional connection with consumers by offering meaningful connections in addition to high-quality products.
Chief Marketing Officer, TGI Group, Probal Bhattacharya stated that the outpouring of positive reviews and engagement from consumers for the “Pour Pure Love” campaign underscores the enduring connection between Golden Terra Soya Oil and the moments of motherly love and care shared around the dining table.
“Our goal is to be more than just a product on the shelf – we strive to be a trusted companion, a source of inspiration, and a symbol of warmth and love. With the Pour Pure Love campaign, Golden Terra Oil pays tribute to all the world’s Moms for the warm tasty meals that fill our hearts and our souls with all the love that they pour selflessly into our lives,” he stated.
Golden Terra Soya Oil is a premium, all-purpose cooking oil made from 100 percent pure soya beans, sourced and manufactured in Nigeria. It contains 5x more PUFA (Polyunsaturated Fatty Acids) proven to deliver numerous health benefits, like reducing cholesterol, maintaining a healthier heart, enhancing nerve function, boosting brain health, and supporting muscle strength. Discerning consumers trust Golden Terra Soya Oil to bring an unmatched balance of Taste & Health to every dish cooked with it. Available in various sizes, including 1000ml pouch, 700ml and 1.4L bottles, and 2.5L, 4.5L, and 25L kegs.
Tropical General Investments (TGI) Group is an international investment and holding company with diversified interests and investments across Africa, The Middle East, Asia, and other emerging markets. TGI’s investments focus on driving inclusivity and value addition using locally sourced raw materials, state-of-the-art manufacturing facilities, and a highly skilled workforce to produce world-class products that are consumed both locally and exported to global markets. Across markets, TGI Group owns over a hundred leading brands in Fast Moving Consumer Goods, Agricultural Inputs, Industrial Chemicals, Homecare Products and Pharmaceuticals.
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