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CANMPEF unveils plan for FG to rejig economy 

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 The Chemical and Non Metallic Products Employer s Federation CANMPEF on Wednesday recommended some steps that the Federal Government should take to rejig the economy The CANMPEF President Chief Devakumar Edwin gave the recommendation at the 43rd Annual General Meeting AGM of the federation in Lagos Edwin said that to address the ongoing rise in unemployment government needed to provide incentives to sectors of the economy that had potential to generate huge employment figures According to him job creation should be given more focus in the nation s economic plans and agenda across the tiers of government While quoting data from the UN the CANMPEF president said that Nigeria was expected to be the world s third most populous country by 2050 with over 300 million people and 60 per cent of its population under 50 years Taking proactive actions government must throw its weight behind agriculture to provide raw material input for industries Manufacturing to produce finished goods for consumption and export Information Communications Technology ICT to enable process efficiency Power and energy sector for effective power up of industry and households as well as education and skills acquisition to improve the income earning potential of its citizens he said Edwin said that the recent huge emigration of young talents was another reason to address the unemployment concern to the sustainability of Nigeria s industrial sector By implication a looming draught in work age population may be inevitable Already some sectors such as health ICT and engineering are showing strains of lean workforce Edwin said He said that to increase the nation s foreign exchange earning opportunities all hands should be on deck to reverse the lingering resource through deliberate value addition agenda into raw materials and natural resources He advised policy makers to take cue from the Action Plan on Critical Raw Materials by the European Commission which was unveiled in September 2020 Edwin urged the government to consistently take on bold initiatives in collaboration with the private sector to reform the electricity sector He further said that the laudable Presidential Power Initiative launched in 2019 should be pursued vigorously to ensure timely and successful completion While our members through patriotic commitment navigate the tough current economic terrain our federation will continue to avail its platform to share knowledge and exchange information Drawing on lessons from year 2020 and 2021 we urge our members to digitally incorporate their business processes Focus on operational efficiency diversify supply sources backward and forward integration and cost management to create and compete favourably he added The CANMPEF Executive Secretary Mr Femi Oke said that its members have suffered many challenges in the year under review According to him some of the challenges include excruciating high cost of energy to power production and increasing cost of transportation air land and sea Others he said are difficulty in accessing required foreign exchange for raw materials purchase machineries and spare parts for production He said that seaport congestion and poor social infrastructure particularly energy road and security as well as taxes and levies duplication from the Federal State and Local Governments still persisted notwithstanding the harsh economic environment and escalating insecurity challenges Alluding to data from the Nigerian Security Tracker Oke said there were 2 943 abductions and 5 800 deaths due to insecurity between January and June 2021 He said that as part of efforts to resolve the challenges facing its members the federation embarked on the following advocacy visits and meetings We visited Gov Babajide Sanwo Olu of Lagos State Managing Director Nigerian Ports Authority and the General Manager Lagos State Environmental Protection Agency He said that as part of employee welfare and industrial relations CANMPEF in 2021 negotiated an end of service benefits and new collective agreement with the National Union of Chemical Footwear Rubber Leather and Non Metallic Product Employees It is CANMPEF expectation that government will continue to provide the enabling environment for the private sector to thrive and continue to provide the much needed employment he said The News Agency of Nigeria reports that the AGM elected members for the 20222023 year Those elected included President Chief Devakumar Edwin Group Executive Director Strategy Portfolio Development amp Capital Projects Dangote Group Plc and 1st Vice President Mr Rotimi Aluko Managing Director CEO Voda Paints Ltd As 2nd Vice President Mr Denis Simonin Managing Director Nigerite Ltd was elected www ng NewsSourceCredit NAN
CANMPEF unveils plan for FG to rejig economy 

Chemical and Non-Metallic Products Emplo

The Chemical and Non-Metallic Products Employer’s Federation (CANMPEF) on Wednesday recommended some steps that the Federal Government should take to rejig the economy.

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CANMPEF President

The CANMPEF President, Chief Devakumar Edwin, gave the recommendation at the 43rd Annual General Meeting (AGM) of the federation in Lagos.

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Edwin said that to address the ongoing rise in unemployment, government needed to provide incentives to sectors of the economy that had potential to generate huge employment figures.

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According to him, job creation should be given more focus in the nation’s economic plans and agenda across the tiers of government.

While quoting data from the UN, the CANMPEF president said that Nigeria was expected to be the world’s third most populous country by 2050, with over 300 million people and 60 per cent of its population under 50 years.

Information Communications Technology

“Taking proactive actions, government must throw its weight behind agriculture to provide raw material input for industries, Manufacturing to produce finished goods for consumption and export; Information Communications Technology (ICT) to enable process efficiency.

“Power and energy sector for effective power-up of industry and households as well as education and skills acquisition to improve the income earning potential of its citizens,” he said.

Edwin said that the recent huge emigration of young talents was another reason to address the unemployment concern to the sustainability of Nigeria’s industrial sector.

“By implication, a looming draught in work-age population may be inevitable.

“Already, some sectors such as health, ICT and engineering are showing strains of lean workforce,” Edwin said.

He said that to increase the nation’s foreign exchange earning opportunities, all hands should be on deck to reverse the lingering resource through deliberate value addition agenda into raw materials and natural resources.

Action Plan

He advised policy makers to take cue from the Action Plan on Critical Raw Materials by the European Commission which was unveiled in September 2020.
Edwin urged the government to consistently take on bold initiatives in collaboration with the private sector to reform the electricity sector.

Presidential Power Initiative

He further said that the laudable Presidential Power Initiative launched in 2019 should be pursued vigorously to ensure timely and successful completion.

“While our members, through patriotic commitment, navigate the tough current economic terrain, our federation will continue to avail its platform to share knowledge and exchange information.

“Drawing on lessons from year 2020 and 2021, we urge our members to digitally incorporate their business processes.

“Focus on operational efficiency, diversify supply sources (backward and forward integration) and cost management to create and compete favourably,” he added.

CANMPEF Executive Secretary

The CANMPEF Executive Secretary, Mr Femi Oke, said that its members have suffered many challenges in the year under review.

According to him, some of the challenges include excruciating high cost of energy to power production and increasing cost of transportation (air, land and sea).

Others, he said, are difficulty in accessing required foreign exchange for raw materials purchase, machineries and spare parts for production.

He said that seaport congestion and poor social infrastructure, particularly energy, road and security as well as taxes and levies duplication from the Federal, State and Local Governments still persisted, notwithstanding the harsh economic environment and escalating insecurity challenges:

Nigerian Security Tracker

Alluding to data from the Nigerian Security Tracker, Oke said there were 2,943 abductions and 5,800 deaths due to insecurity between January and June 2021.
He said that as part of efforts to resolve the challenges facing its members, the federation embarked on the following advocacy visits and meetings.

Babajide Sanwo-Olu

“We visited Gov. Babajide Sanwo-Olu, of Lagos State, Managing Director, Nigerian Ports Authority and the General Manager, Lagos State Environmental Protection Agency.

National Union of Chemical

He said that as part of employee welfare and industrial relations, CANMPEF in 2021 negotiated an end of-service benefits and new collective agreement with the National Union of Chemical, Footwear, Rubber, Leather and Non-Metallic Product Employees.

“It is CANMPEF expectation that government will continue to provide the enabling environment for the private sector to thrive and continue to provide the much needed employment,” he said

News Agency of Nigeria

The News Agency of Nigeria reports that the AGM elected members for the 20222023 year.

Chief Devakumar Edwin

Those elected included: President, Chief Devakumar Edwin (Group Executive Director, Strategy, Portfolio Development & Capital Projects, Dangote Group Plc) and 1st Vice-President: Mr Rotimi Aluko (Managing Director CEO, Voda Paints Ltd.

Denis Simonin

As 2nd Vice-President, Mr Denis Simonin (Managing Director, Nigerite Ltd) was elected.

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NewsSourceCredit: NAN

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