SON says New Act breathing life into Ailing Industries

Business News
  • Granting Waivers to over 1 million SMEs

 By Franklin Ocheneyi

“CONCERTED efforts are being made to bring back the industries that hitherto dotted the landscape of Lagos, Aba, Port-Harcourt, Ibadan, Benin City, Kano, Kaduna and other cities in Nigeria.”

Osita Aboloma, Director- General, Standards Organisation of Nigeria (SON), confidently told stakeholders during a sensitisation programme on SON Act 2015 in Lagos.

He stated that the reinvigorated SON Act 2015 is aimed at revamping the nation’s ailing industries while also creating an enabling environment to attract both local and foreign direct investments into the country.

Represented by Engr. Bede Obayi, the Director, Inspectorate and Compliance, SON, he said: We have already started doing this, we are granting waivers to over one million SMEs on their products registration and certifications. We must endeavour to put in place structures and policies that would enable us to be exporting finished goods than raw materials,”

He stressed that the Act sets out to sanitize the nation’s industrial, commercial, business and market space of sub-standard products.

“With the proper implementation of the SON Act 2015, the business community and industries would grow, bringing about massive job creation and employment, while also creating a market for certified Made-in Nigeria products globally.

Muda Yusuf, the Director-General, Lagos Chamber of Commerce and Industry (LCCI) also spoke at the event.

He noted that the SON Act 2015 is more comprehensive than what existed in the past and that public-private dialogue is the surest way to have a good policy regime and a good business environment.

“Those who comply with the rules and quality are increasingly finding it difficult to survive as business people and I believe this is one of the major things SON is out to correct. They should create an environment where those who comply with the law are able to do business profitably as against what we have presently,” he said.

Another speaker, Barr.Orisagbemi Adetokunbo, added that the penalty paid by offenders should be increased, saying that for foreigners apart from increasing their fines, they should also lose their stay and business permits if found wanting while recommending a longer sentence imprisonment and increased fines for Nigerians.

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