Economy
Government Intensifies Efforts To Ensure Accuracy In Fuel, Service, Food Measurements
Government Intensifies Efforts To Ensure Accuracy In Fuel, Service, Food Measurements
Government intensifies efforts to ensure accuracy in fuel, Service, food measurements. He expressed the commitment of the present administration to protect the interest of consumers and the general public.
The federal government is intensifying efforts to ensure Nigerians get fair value for their money through accurate quantity measurements in goods and services.
The permanent secretary in the ministry of industry, trade and investment, Nura Rimi, said this on Wednesday in Abuja.
Mr Rimi, represented by Dafang Sule, the director of Federal Produce Inspectorate Service, said this when he led officials from the weights and measures department of the ministry on an inspection tour of some facilities within the city center.
Some of the facilities visited are the NNPC mega station and NNPC by Olusegun Obasanjo Way, Zone 1, Conoil, Gransquare, and the Arab Contractors site in Abuja.
Mr Rimi said the essence of the visit was to ensure the facilities maintained strict compliance with approved standards of measurement, for consumer protection and revenue generation for the government.
He expressed the commitment of the present administration through its Renewed Hope Agenda, to protect the interest of consumers and the general public.
“With all of these activities, the consumer has the right to receive what he pays for.
” At the same time, it is a strong base for revenue generation because the service is paid for, and the government derives enormous returns from it,” he said.
Also speaking, the director of weights and measures, Bamidele Olajide, said the surveillance was part of the department’s annual nationwide compliance exercise.
”This is our annual surveillance. We do it once in a year. And what we do specifically is to ensure that we do our function, we carry out our responsibility.
“Our aim is to protect consumers from being shortchanged. If a buyer pays for 20 litres of fuel, they must get exactly 20 litres. The same applies to food and industrial commodities.
” We also enforce compliance of the entities with government regulation such that the quantity of what you are giving to the public is accurate and specific,” Mr Olajide said.
According to him, most of the premises visited so far have shown substantial compliance to the required standards.
On the issue of standards in the oil and gas sector, Mr Olajide confirmed that efforts were ongoing to strengthen the department’s role under the Petroleum Industry Act (PIA).
He said this was being done with the support of the National Assembly and the secretary to the government of the federation.
“The Secretary to the Government of the Federation has directed that Weights and Measures return to the oil and gas sector to ensure that what is lifted corresponds to what is declared at the ministry,” he said.
Similarly, Muktar Salim, deputy director, surveillance, said that the department operated an open complaint system through its website and call centres.
Mr Salim encouraged consumers to report suspected cheating or inaccuracy in weighing or dispensing to the departments closest office for necessary actions.
“We want to ensure that a person paying for 50 tonnes gets exactly 50 tonnes. That is the core of consumer protection,” Salim said.
At the Arab Contractors site in Wuye, the project manager, Gamal Abdelrahman, commended the surveillance team for their professionalism.
Mr Abdelrahman confirmed that their weighing bridge had passed the test, though the operator’s certificate was due for renewal.
Similarly, the manager of the NNPC Filling Station along Olusegun Obasanjo Way, Zone 1, Isah Iyaji, also applauded the initiative and offered technical advice to CNG vehicle users.
Government Intensifies Efforts To Ensure Accuracy In Fuel
He advised motorists using CNG converted vehicles to ensure not to kick their vehicles with CNG except after driving for about 20 to 30 minutes.
” If you use a petrol for like 20 to 30 minutes, then you go back to CNG. That is the only time you can get the compress, the required pressure for it to drive, for your car not to be affected,” he said.
Officials also visited the butchery section and rice stalls at Grand Square Supermarket and Stores located in the Central Business District in Abuja, where items were weighed to ensure compliance with standard measures.
The ministry promised to continue to train operators of weighing equipment and enforce sanctions on defaulters as part of ongoing efforts to protect consumers and uphold trade standards across Nigeria.
Eid-el-Fitr: NRC Sets To Run Three Lagos–Ibadan Train Trips Monday
Eid-el-Fitr: NRC sets to run three Lagos–Ibadan train trips Monday. He assured passengers of NRC’s continued commitment to safe, reliable, and efficient rail services.
This was contained in a statement issued on Friday in Lagos by NRC chief public relations officer, Callistus Unyimadu.
He said the additional trip was in response to high passenger turnout during the Eid-el-Fitr travel period.
“The extra trip is aimed at easing passenger movement and providing more travel options for commuters returning after the Eid-el-Fitr celebrations.
“Under the schedule, departures from Lagos (Mobolaji Johnson Station, Ebute Metta) will be at 7.45 a.m., 1.40 p.m., and 4.00 p.m.
“From Ibadan (Obafemi Awolowo Station, Moniya), trains will depart at 8.00 a.m., 10.50 a.m., and 4.30 p.m.,” he said.
Mr Unyimadu assured passengers of NRC’s continued commitment to safe, reliable, and efficient rail services.
NRC Sets To Run Three Lagos–Ibadan Train Trips Monday
He advised travellers to arrive early, comply with ticketing and security procedures, and plan their journeys.
“The corporation appreciates the continued patronage of its services and wishes all passengers a safe and pleasant journey,” he added.
UBA, BII Sign Letter Of Intent To Explore Trade Finance Collaboration Across Africa
United Bank for Africa (UK) Limited (“UBA UK”) and British International Investment plc (“BII”), the UK’s development finance institution and impact investor, announced that they have signed a letter of intent to develop trade finance collaboration opportunities.
The proposed initiative aims to expand access to trade and working capital facilities for businesses operating across Africa.
Access to trade finance remains one of the most significant structural constraints on African trade. Businesses, particularly small and medium-sized enterprises, are frequently unable to secure letters of credit, guarantees, and supply chain finance on commercially viable terms, limiting their capacity to export and import competitively. This trade finance gap is estimated by the African Development Bank to be over USD 80 billion annually.
To help close this gap, UBA UK, the London subsidiary of UBA Group, Africa’s Global Bank, will leverage its deep relationships across the Group’s 20-country African network to originate and structure trade finance transactions. While BII, with a mandate to support productive, sustainable, and inclusive growth across Africa, can support transactions that might otherwise fall outside conventional commercial appetite.
“The signing of this letter with BII represents a landmark moment for UBA UK and for the UBA Group’s global ambitions. As the Group’s hub for Trade Operations, UBA UK is uniquely positioned to connect African businesses with the international financial system. Working alongside BII, we can extend that capability further — mobilising capital where it matters most and helping to close the trade finance gap that holds back so much African potential,” said Lok Mishra, Chief Executive Officer, UBA UK
“British International Investment is committed to catalysing private sector growth across Africa, and trade finance is a critical enabler of that growth. We welcome the opportunity to collaborate with UBA Group, whose pan-African network and deep institutional relationships can help advance our ambition to expand access to trade and working capital finance, particularly in frontier markets,” Chris Chijiuitomi, Managing Director and Head of Africa
The announcement builds on growing momentum around intra-African trade facilitated by the African Continental Free Trade Area (AfCFTA), which entered into force in 2021 and represents one of the world’s most significant trade integration initiatives. Both institutions have identified the operationalisation of AfCFTA as a priority catalyst for a trade finance facility, with UBA UK’s network across major AfCFTA economies offering a basis for supporting businesses navigating the emerging continental market.
This also complements the UK Government’s broader engagement with African economic development, including commitments made at the UK-Africa Investment Summit, and reinforces the City of London’s role as a leading international finance centre for Africa-focused capital mobilisation.
Future cooperation remains subject to further assessment, due diligence and the completion of internal approvals by both parties.
ABOUT UNITED BANK FOR AFRICA (UK) LIMITED
UBA UK is the London-based subsidiary of United Bank for Africa Plc, one of Africa’s leading financial institutions with operations across 20 African countries, the United Kingdom, the United States of America, France, and the United Arab Emirates. UBA UK serves as the Group’s hub for Trade Operations, providing a comprehensive suite of trade finance, treasury, and correspondent banking services to institutional and corporate clients worldwide.
UBA
ABOUT UNITED BANK FOR AFRICA GROUP
United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 45 million customers globally. Operating in twenty African countries, the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting-edge technology.
ABOUT BRITISH INTERNATIONAL INVESTMENT
British International Investment is the UK’s development finance institution and impact investor. The organisation invests in businesses in developing countries to improve people’s lives and help protect the planet. BII’s work targets the underlying causes of poverty and the climate crisis, helping countries break free from aid dependency for good.
Between 2022-2026, at least 30 per cent of BII’s total new commitments by value will be in climate finance. BII is also a founding member of the 2X Challenge which has raised over $33.6 billion to empower women’s economic development.
The company has investments in over 1,600 businesses across 66 countries and total net assets of £9.87 billion. For more information, visit: www.bii.co.uk | watch here. Follow British International Investment on LinkedIn, Bluesky and X.
Eid-el-Fitr: President Tinubu Felicitates Muslims, Urges Renewed Unity, Patriotism
Eid-el-Fitr: President Tinubu felicitates Muslims, urges renewed unity, patriotism. Mr Tinubu called on Muslims to reflect on the spiritual lessons of Ramadan.
The president urged them to renew commitment to national unity, peaceful coexistence, and service to humanity as they celebrate the festival across the country on Friday.
This is contained in a statement issued by presidential spokesperson, Bayo Onanuga, on Thursday in Abuja.
Mr Tinubu called on Muslims to reflect on the spiritual lessons of Ramadan, noting that the holy month teaches discipline, sacrifice, compassion, and devotion to God and humanity.
He said: “We have a lot to draw from the noble lessons of Ramadan, especially at a time like this.
“We must continue to abide by the virtues of piety, selflessness, perseverance, kindness and compassion beyond this period.”
The president emphasised the need for Nigerians to remain united across religious and ethnic lines, stressing that national cohesion remains vital for sustainable peace and development.
He urged Muslims to extend acts of kindness and charity to the less privileged, irrespective of religious or ethnic background, in line with the enduring values of Islam.
Mr Tinubu noted that such gestures would strengthen social bonds, promote inclusiveness, and reinforce the spirit of brotherhood that defines the Nigerian society.
The president also called on religious leaders to use the occasion to offer prayers for peace, stability, and economic prosperity across the country.
Tinubu
He expressed optimism that with collective efforts, Nigeria would overcome its challenges and achieve lasting progress for the benefit of all citizens.
Mr Tinubu wished Muslims a joyous celebration, praying that the blessings of Ramadan would bring renewed hope, strength, and guidance to individuals, families, and the nation.
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