• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Sunday, June 1, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Osinbajo inspects smart card firm, predicts Nigeria’s economic victory

The Matters Press by The Matters Press
May 13, 2021
Reading Time: 4 mins read
0
Osinbajo advises world leaders to consider the poor in addressing economy, health issues

RELATED POSTS

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

Tinubu explains mission as he marks second year in office

Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

Vice President Yemi Osinbajo has affirmed Nigeria’s “extremely’’ bright economic future, which cannot be aborted despite current challenges.

He rendered the optimism at first in sub-Saharan Africa and one of the three cutting-edge smart card manufacturing based in Lagos.

Osinbajo who toured the SecureID company’s premises, also said: “The economic future of our nation is extremely bright. Yes, we have challenges today and they may look daunting. But let me assure you that these issues will be resolved.

“The march of this nation to its manifest destiny as Africa’s leading economic power will not be aborted. We are more than able to overcome.”

An impressed Prof. Osinbajo said the government in “following the recommendation of the Presidential Economic Advisory Council, has determined that manufacturing will be our main focus in bringing about dynamic growth, jobs and exports.

“This will mean retooling our business environment for greater competitiveness, especially with the take-off of the African Continental Free Trade Area agreement (AfCFTA).

“We are rethinking our tax regimes, sorting out external and internal trade issues, getting our regulatory authorities such as SON, NAFDAC, and even Customs, to see their roles more as business facilitators rather than policemen or revenue generators. Our environment must be friendly for local businesses first, foreign investments will follow enthusiastically.”

He said the administration was a leading economic beacon on the continent, and ramping up efforts in improving the country’s infrastructure and digital space.

He said, “aside from the work we are doing with other infrastructure such as rail, roads and power we are committed to a plan of democratizing broad band connectivity. Our programme, which we have reiterated in our Economic Sustainability Plan, is broadband connectivity for all by 2023.

“The Federal Ministry of Communications and Digital Economy launched the National Broadband Plan which is designed to deliver data download speeds across Nigeria of a minimum 25mbps in urban areas and 10mbps in rural areas, with effective coverage available to at least 90% of the population at affordable prices by the target date.

Broadband connectivity is as important as electricity in the digital age unlike electricity we do not have to make several mistakes before getting it right.”

He commended the efforts of the founder and Managing Director of SecureID, Mrs Kofo Akinkugbe, and described SecureID facility as a place of history, innovation and creativity.

“This world-class manufacturing facility is reputed to be the first certified smartcard manufacturing plant in sub-Saharan Africa, the only smart card production and personalization plant in West Africa and one of only six on the continent and one of only 80 in the world.

“The facility serves 21 countries across Africa and is fully certified by major commercial card companies – VISA, Verve and MasterCard. SecureID has shown that this country can be at the cutting edge of development in technology and digital enterprises.

The world in which companies like SecureID operates, providing comprehensive end-to-end payment, identity management and digital security solutions is one that thrives on innovation.

He said that the company had in few years of its existence provided notable innovative offerings to the financial services sector, telecommunications, government, education, healthcare and private enterprises.

“Equally remarkable is the fact that with this facility, the company can produce all the payment cards, SIM cards, loyalty cards and the various identity management cards (residency cards, voter registration cards, drivers’ license and national identity cards) required here in Nigeria, with capacity to spare.”

“Congratulations also for your successes in getting the certifications that will help to meet the demands of customers, such as Global System of Mobile Applications (GSMA), Visa International, MasterCard Incorporated, Verve, Card Quality Management (CQM), and ISO 9001/2015 for Smart Card Manufacturing and Personalization of credit and debit cards.

“In particular, we must also congratulate SecureID for earning the GSMA certificate last year; this is a world class security requirement for SIM card manufacturing and personalization. Your rapid expansion is also worthy of commendation, especially as you have added a number of subsidiaries, one of which is the digital arm of the business: SID Digital, while the other is involved in transport payment infrastructure.

This has put the company in good stead to provide services ranging from identity management to tax collection, school management systems, health management systems, digital cards for the banks and, of course, e-ticketing for all forms of transportation, including road, rail and water.”

In her remarks, Akinkugbe, highlighted the significance of the Vice President’s visit, noting that the VP has come to see some of the much-touted potential being realized. She added that SecureID was a good entrepreneurial story of an abiding faith in God and the nation, proving the viability of investing and staying in the course.

Akinkugbe commended the federal government for establishing institutions and agencies to support and encouraged start-ups, MSMEs and other enterprises that had offered assistance to the company.

The representative of the Bank of Industry, its Executive Director, Mr. Simon Araronu, said he was excited to partner with SecureID, being a pioneer of world-class status in the industry, as well as making world class products, while generating foreign exchange earnings and creating jobs.

Others who spoke at the event were the Corps Marshall, Federal Road Safety Corps, Boboye Oyeyemi; Deputy Managing Director, First Bank of Nigeria, Mr. Gbenga Shobo.

The representative of the Governor of Lagos State, His Lordship, the Anglican Bishop of Lagos State, Bishop Humphrey Olumakaiye, alongside other top government functionaries, also attended the event.

Accompanying the Vice President were the Minister of State, Ministry of Foreign Affairs, Ambassador Zubairu Dada; Deputy Chief of Staff to the President, Office of the Vice President, Mr. Ade Ipaye; and the Economic Adviser to the President, in the Office of the Vice President, Ambassador. Dr. Adeyemi Dipeolu.

Tags: OsinbajoSiM cards
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Senate probes $3.5b with NNPC
Economy/Technology

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

May 30, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

Tinubu explains mission as he marks second year in office

May 29, 2025
Chevron, NNPC secure $1.4bn for drilling project
Economy/Technology

Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

May 26, 2025
Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG

May 24, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
Economy/Technology

Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration

May 22, 2025
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Nigeria’s ongoing health reform gets global endorsement with Pate’s honour by Time Magazine

May 21, 2025
Next Post
Swiss Bank expects profit of $50bn

Remittance inflows to Nigeria drop by 28% in 2020 – World Bank

Boko Haram disputes Prophet Muhammed’s birthday

Is Shekau, deadly Boko Haram’s leader dead?

Recommended Stories

Act fast on Electoral Act, National Commissioners, Senate advised

Act fast on Electoral Act, National Commissioners, Senate advised

January 23, 2022
NUPRC defies Buhari, sale of ExxonMobil to Seplat on hold

NUPRC defies Buhari, sale of ExxonMobil to Seplat on hold

August 9, 2022
African richest business mogul invests $280m on CNG trucks exciting – TSMG

African richest business mogul invests $280m on CNG trucks exciting – TSMG

October 30, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling
  • Tinubu explains mission as he marks second year in office
  • Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us