• Privacy Policy
  • Terms
  • About us
  • Contact Us
Thursday, March 30, 2023
  • 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 Economy/Technology

Engineers urge Nigeria to revive moribund industries

Industries

The Matters Press by The Matters Press
November 12, 2022
Reading Time: 2 mins read
0
GM boosts truck production with $24m

GM plant

The Nigerian Society of Chemical Engineers on Friday called on the Federal Government to revive the moribund industries in the country for job creation and national development.

RELATED POSTS

Zenith Bank grows gross earnings to N945.5bn in 2022

Afreximbank releases $10m finance facility to Parallex Bank

NLC, TUC concede two weeks to CBN to end cash crunch

Mr Saidu Mohammed, the National President of the Society, made the appeal while speaking with newsmen at the Nigerian Society of Chemical Engineers 52nd Annual Conference/Exhibition and Annual General Meeting in Ilorin.

The conference is themed: “Rejuvenation of the Nigerian Industrial Sector: Chemical Engineering Perspective”.

ALSO READ  Nigeria commits to policies to drive industrial sector

Mohammed observed that the increase in number of moribund industries across the country can be traced to lack of raw materials, epileptic power supply, cost of production and insecurity, among other factors.

He suggested the need for collective professionals involvement to tackle the problem.

According to him, the government must find lasting solutions to the insurmountable power supply issue in the country.

“We have looked at it to the days we have Bacita sugar company, Jebba paper-mill. Why are all those industries in Kwara and in the entire nation like Kaduna and Kano textile factories down,?” he questioned.

“The Nigeria Society of Engineers came together with Manufacturers Association of Nigeria (MAN) to set up committee to research into the issues of the industries,” he said.

ALSO READ  Ezekwesili crashes out of race

Mohammed lamented that cost of production that comes with epileptic power supply, are impacting the country, together with the growing insecurity problems.

Prof. Elijah Taiwo, the Chairman of Oyo/Osun/Kwara Chapter of the society, underscored the need to resuscitate the power sector in the country, adding that this will create enabling environment for industries to spring up and for entrepreneurs to invest.

In his submission, Prof. Sulyman Abdulkareem, the immediate past Vice Chancellor, University of lorin, stated that the meeting was expected to look into economic standing of the nation, improve on it through chemical rejuvenation.

Abdulkareem said the issue of power supply should be looked at by the leadership of the nation as smaller nations to Nigeria could sustain energy supply which is very paramount to their nation.

ALSO READ  Stock market: Indices dip by 0.48%

On her part, Prof. Omodele Eleta of the Department of Chemical Engineering, University of Ilorin, however observed that the effect of Russia and Ukarian war is felt in Nigeria and across the world.

She explained that the war has affected the world, especially the economy, energy sector, oil and gas, among others.

Tags: EngineersIndustries
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Zenith Bank unveils N765.6bn gross earnings
Economy/Technology

Zenith Bank grows gross earnings to N945.5bn in 2022

March 29, 2023
Eswatini for $140m Afreximbank’s credit
Economy/Technology

Afreximbank releases $10m finance facility to Parallex Bank

March 29, 2023
New Naira notes unavailable even as CBN campaigns for acceptance
Economy/Technology

NLC, TUC concede two weeks to CBN to end cash crunch

March 29, 2023
Alibaba Group to split into 6 business units
Economy/Technology

Alibaba Group to split into 6 business units

March 29, 2023
Trading in Nigerian stock market dips further N83bn
Economy/Technology

Stock market dips by 1.2% amid profit-taking

March 29, 2023
Cash, petrol scarcity create food crisis in Nigeria
Agriculture

Domestic food prices remain high- World Bank

March 28, 2023
Next Post
Strike puts Nigeria in darkness

Nigeria to increase TCN wheeling capacity by 1000 Megawatts

SMEDAN to disburse N5.2m start-up grants to cooperatives

SMEDAN, Bloc sign MoU to provide financial technology services to SMEs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Nigeria regains top crude oil production spot in Africa

Nigeria’s crude oil production drops to 1.338mbpd

January 19, 2022
Council seeks incentives to boost indigenous ship operations

20 ships with petrol, other products expected at Lagos ports

February 25, 2022
Africa-Europe Alliance presents progress report

Africa requires huge energy to drive development- Buhari

June 1, 2022

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
  • Hoarding causes hike in prices of grains

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

    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

  • Zenith Bank grows gross earnings to N945.5bn in 2022
  • Afreximbank releases $10m finance facility to Parallex Bank
  • NLC, TUC concede two weeks to CBN to end cash crunch

Categories

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

© 2022 Domo Tech World - Powered by Thematterspress.

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

© 2022 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
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?