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    Floods affecting manufacturing sector – Festus Mbisiogu

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    Executive Officer, Diamond Logistics Limited, Festus Mbisiogu, has revealed that the current floods rocking the nation are hampering the delivery of manufactured products to the desired destinations.

    Festus said that this delay in delivery has increased the cost of logistics, stressing that it would be difficult for Nigeria’s economy to grow, if the situation persisted.

    Speaking on Business Morning, a Channels TV programme, he said apart from being into logistics, he is also into manufacturing, saying: “some of the trucks that we sent to other parts of the country like Abuja, Kaduna, Jos has been on the road for more than one week, some three weeks because of this flooding and that hampers logistics. With this, it is too difficult for an economy like Nigeria to grow.”

    He added that importers no longer consider it wise to send their cargoes to Nigerian ports because the total cost of clearing is not affordable, noting that Cotonou and other neigbouring ports are not only attractive but affordable.

    His words: “The present administration has just woken up to their responsibilities by detecting some of these things that are happening in our waterways. These things have been dwelling for a very long time. There is this committee that was set up, and it is working tirelessly to ensure that they discover why we are having this theft. The indigenous ship owners complained two days ago that they alerted the nation of what was ahead of them. In the sense that Dangote Refineries is about to commence operation by the middle of next year and Dangote fertiliser is also coming on board.

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    Cabotage law was created to protect the indigenous ship owners in the country by giving them that access to dominate the maritime sector. Now, they are complaining that they don’t have the financial capacity to compete with the foreign ship owners.”

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    “There is this intervention fund from this financing firm from the government which is about 250 million dollars that the government proposed to give to these guys, but they have not had the access to the fund, which is why they are complaining that the government should look, that something is coming up next year. So, they are asking government to disburse this money to them for them to compete.

    In fact, what they are doing is to alert the government that this is what is coming up, and if they do not take proactive measures, foreign ship owners will make the money and take it to their country. So, it is a welcome development and I pray that government will listen to their call. Their fear is that, if Dangote refineries take off next year, the fertilizer too is ongoing. There are a whole lot of activities in that maritime sector and with those activities; they won’t have enough fleet to compete with these foreign investors. So, they are telling government, if you don’t do anything, these guys will dominate and the essence of this law will be defeated.”

    “If you look at the rating from the International Maritime Sector, It shows us that Nigerian waterways are safer now compared to previous years. That is why I said the present administration seems to be doing well in that regard because it is in their regime that we started the discovery of oil thefts and some of the things happening in waterways.”

    Speaking further, he said: “Why some foreign ships prefer other countries, like the neighbouring border countries, is as a result of the congestion that is going on here in our country. Let me digress. When you talk of logistics, you are discussing the inflow of goods, services from the original place to the final destination and to meet the company’s objectives or customer’s needs.

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    “These are the essence of logistics. Now, the essence is being hampered because of so many things that are going on at the seaports. These factors are congestion at the seaport here. As a shipper from China, I found out that if we want to ship our consignment to Cotonou, the charges are about 1 to 2 thousand different, they may charge 7,000 dollars, but sending to Cotonou, they may charge 5,000 dollars. The reason why they have these charges is because it takes them almost two months to have access to their empty containers because of this bureaucracy, because of these difficulties hampering the logistics session. So, these are the factors. There are so many of them.”

    If the government does not take proactive steps now, a whole lot will happen. As I speak to you now, many importers do not consider it wise to send their cargoes to our ports, they prefer Cotonou ports. Reason is because it takes them almost two weeks to transfer that container to the private bonded terminals. And also after clearing this container from that bonded terminal, the kinds of agencies that stop them on the road are so many. It is frustrating for them.

    While at Cotonou, you will pay a lesser duty. If the cost of clearing is about N7 million in Nigeria, at Cotonou, if you convert it to Nigeria currency, it is about N3.5 million or N4 million, that is about a 30 percent discount from the total cost of clearing it here in Nigeria. So, most of them prefer doing their business there at the detriment of our national economy development.

    “That is why government needs to pay attention to our logistics in the maritime sector and try to do more research to find out the impediments. The maritime sector, the revenue as of 2021 to 2022 is about N1.3 billion from the customs. Almost 28% of our national budget is what they contributed. In the logistics industry, they are the highest employer of labour after agriculture. All over the world, if any country pays attention to the logistics sector, honestly speaking, it will attract more in flow of foreign investment and also bring in more dollars because of the effectiveness. Let me give you more insight.

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    For us businessmen, we factor in the cost of bringing in these containers down to our final destination. As I speak to you now, the cost is going so high, very high. As I said before, Let me use China and Dubai where we domicile as a case study. They have good roads, where these ports are located, a specific area is mapped out for this holding base of these empty containers. That has been structured, but over here in Nigeria, we do not have that structure. You can see somebody who has bonded a terminal far almost how many kilometres from the seaport and accessing this terminal where the container should be kept will be too difficult for them to convey their container to that place.

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    So, the system is faulty from the beginning, it wasn’t well planned, that is why the bonded terminals or the holding berths are scattered all over. So, we need to re-plan. That is why some people are calling for creation of additional ports either in the South-East and so on. It can help to decongest Lagos because attention is focused on Lagos. Lekki free zone should also help to decongest what we are passing through in Lagos.”

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    Africa

    Three Best Electrical Wires and Cables in Nigeria 2024

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    Cables come in different materials, casing, and sizes to accommodate different electrical loads and different conditions in which they’ll be used. While they can be made of aluminium or other materials, most electrical wires are copper.

    Safety is the most important factor to consider when choosing an electrical cable. Because cables are the primary carrier of electricity in your home, you need to make sure every aspect of safety is taken into account. Electric wires are designed to withstand constant electrical current, which means they won’t cause a fire in the event of an accident/short circuit.

    Power cables and wires are one of the most common causes of electrical failure. People often overlook the importance of this material. A good power cable must perform better in the event of electrical failure, overload or sudden electrical spikes. It should also be fire-retardant in the event of any danger.  We have put together the best 4 electrical wires in Nigeria for 2024.

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    Nigeria is home to a wide variety of wire and cable brands, most of which are produced in the country. We have compiled a list of the best wire and cable brands to help you find the right one for your needs.

    1. Zobis Cables & Wires is a leading brand of electrical cables. It specializes in the development and deployment of advanced house-wiring and industrial cables to meet the needs of energy and industrial companies. Their range of technologies and solutions are revolutionizing the way the industry operates today and into the future. They guarantee safety through quality and technology, and their cables are designed to withstand extreme conditions.

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    ZOBIS ELECTRICAL WIRES AND CABLES. PROUDLY MADE IN NIGERIA! | Facebook

    2. Cutix wires and cables represent a pinnacle in electrical engineering, tailored for both advanced house-wiring and industrial applications. They cater to energy and industrial sectors seeking heightened efficiency, reliability, and safety in their operations. With a versatile range of technologies and solutions, Cutix is reshaping the industry landscape, guaranteeing safety through top-notch quality and innovative technology. Designed to thrive in harsh conditions, these cables epitomize durability and resilience.

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    3. Coleman wires and cables stand out as the premier choice for electricity distribution across Nigeria. At Coleman Wires and Cables, we prioritize excellence in manufacturing, dedicated to producing wires and cables that consistently surpass our customers’ needs. Our commitment extends to aligning with key stakeholders and adhering to ISO 9001:2015 standards, ensuring our products consistently deliver the highest quality possible.

     

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    Entertainment

    10 things you should know about Sisi Quadri

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    1. The late Quadri Oyebamiji was well-known as Sisi Quadri in Yoruba films.
    2. He was born December 26, 1979, in Iwo, Osun State, Nigeria.
    3. He attended primary and high school in Ore, Ondo State.




    4. Before becoming a celebrity in the entertainment industry, Quadri was a Muslim, a skilled makeup artist, and a fashion designer.
    5. He began acting in 2002 with the film ‘Koto Aye,’ directed by the late Alhaji Ajileye.
    6. Sisi Quadri, who was well-known for his humorous personality and consistently played roles recognized for their keen wit and mocking.
    7. In addition to performing, he worked as an entertainer and comedian.




    8. He appeared in several Yoruba films and even invested in a tailoring company. Quadri was also sought after as a Master of Ceremony (MC) at parties.
    9. Sisi Quadri’s personal life revolved around his family.
    10. He was married with four children: three sons and one daughter.



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    Business

    Boosting Business Productivity and Profitability with Advanced CRM Software Development

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    In today’s competitive business landscape, organizations strive to enhance their productivity and profitability through the efficient utilization of cutting-edge technology. One such transformative tool is Customer Relationship Management (CRM) software. By investing in advanced CRM software development, businesses can streamline their operations, improve collaboration, and ultimately boost productivity and profitability.

    Streamlined Communication and Collaboration

    One of the key benefits of advanced CRM systems is the facilitation of seamless communication and collaboration within an organization. By centralizing customer data, communication history, and transaction details, teams can access real-time information, reducing the need for multiple touchpoints. This fosters efficient collaboration, ensuring that everyone is on the same page and working towards common goals. With improved communication and collaboration, productivity is enhanced, leading to increased profitability.

    Enhanced Customer Insights




    Understanding customer needs and preferences is essential for delivering personalized experiences and building long-lasting relationships. Advanced CRM software goes beyond basic data storage, offering sophisticated analytics tools. By harnessing data analytics, businesses can gain valuable insights into customer behavior, enabling targeted marketing strategies and personalized engagement. This deep understanding of customers not only enhances satisfaction but also increases the likelihood of repeat business, driving overall profitability.

    Automation for Efficiency

    Automation is a cornerstone of advanced CRM systems. By automating routine tasks such as data entry, lead nurturing, and follow-ups, businesses can significantly reduce manual effort and minimize human error. This not only frees up valuable time for employees but also ensures that critical processes are executed consistently. Improved efficiency translates directly to increased productivity and, consequently, higher profitability.

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    Seamless Integration with Other Tools

    An advanced CRM system seamlessly integrates with other business tools and applications, creating a unified ecosystem. Whether it’s integrating with marketing automation platforms, e-commerce systems, or project management tools, a well-developed CRM system ensures a smooth flow of information across all departments. This integration eliminates data silos, enhances overall business efficiency, and allows for better collaboration between teams.

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    Real-Time Analytics for Informed Decision-Making

    Timely and informed decision-making is crucial for business success. Advanced CRM software provides real-time analytics and reporting, allowing stakeholders to make data-driven decisions. Whether it’s identifying sales trends, assessing marketing campaign performance, or tracking customer satisfaction metrics, having access to up-to-date information empowers businesses to adapt quickly and stay ahead of the competition. Informed decision-making based on real-time analytics leads to increased productivity and profitability. Find more here

    Customization for Specific Business Needs

    Every business has unique requirements and processes. Advanced CRM software development allows for customization to meet specific business needs. Whether it’s creating custom workflows, adding industry-specific features, or integrating with existing systems, a tailored CRM solution ensures that the software aligns perfectly with the organization’s goals and processes. Customization maximizes productivity by providing a solution that is specifically designed to address the challenges and requirements of the business.

    Mobile Access for Remote Productivity

    In today’s mobile-centric world, remote work has become increasingly prevalent. Advanced CRM software development includes mobile access, allowing employees to access critical information and perform tasks on the go. Whether it’s updating customer details, reviewing sales pipelines, or responding to leads, mobile access to CRM systems ensures that productivity is not hindered by physical location. This flexibility enables businesses to maintain productivity and profitability, even in remote work environments.

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    Training and Support for Optimal Utilization

    To fully leverage the benefits of advanced CRM software, organizations should invest in training and support for their employees. Proper training ensures that employees understand the features and functionalities of the CRM system, enabling them to utilize it to its full potential. Ongoing support and guidance from CRM experts can help businesses overcome any challenges and optimize their usage of the software. By providing the necessary training and support, organizations can maximize productivity and profitability.

    Data Security and Privacy Measures




    With the increasing importance of data protection and privacy, advanced CRM software development prioritizes robust security measures. CRM systems employ encryption, access controls, and regular backups to safeguard customer data and sensitive business information. Compliance with data protection regulations, such as GDPR or CCPA, demonstrates a commitment to data security and builds trust with customers. By ensuring the security and privacy of data, businesses can focus on productivity and profitability without compromising sensitive information.

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    Scalability for Future Growth

    As businesses grow, their needs and requirements evolve. Advanced CRM software is designed to scale alongside the organization, accommodating increased data volume and user demand. Scalability allows businesses to continue utilizing their CRM system efficiently, even as customer bases expand and operations become more complex. By investing in a scalable CRM solution, organizations can ensure long-term productivity and profitability, without the need for a complete system overhaul.

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    Integration with AI and Automation Technologies

    The integration of AI and automation technologies with advanced CRM software opens up new possibilities for productivity and profitability. AI-powered chatbots can handle customer inquiries, freeing up human resources to focus on more complex tasks. Automated workflows and predictive analytics can identify patterns and opportunities, optimizing sales and marketing efforts. By harnessing the power of AI and automation, businesses can achieve higher levels of productivity and profitability.

    Conclusion




    In conclusion, investing in advanced CRM software development is a strategic move for optimizing business processes, improving collaboration, and ultimately boosting productivity and profitability. With streamlined communication, enhanced customer insights, automation, seamless integration with other tools, real-time analytics, customization, mobile access, training and support, data security measures, scalability, and integration with AI and automation technologies, businesses can unlock new levels of efficiency and profitability. Embracing the power of advanced CRM solutions allows organizations to thrive in today’s dynamic and competitive market, achieving sustained growth and success.

    Remember, the success of CRM software lies in its implementation and utilization, so choose a reputable CRM software provider that understands your business needs and offers comprehensive support throughout your CRM journey.

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