Nigeria advised to create Ministry for small businesses
The Nigerian Government has been advised to establish a Ministry for Micro and Small scale business enterprises, to enhance access to finance.
The Technical adviser of Lubcon Nigeria Limited, Jani Ibrahim said “it has become expedient for entrepreneurs to have access to finance through a broad based and sustainable platform in order to make Nigeria the preferred destination.”
Ibrahim gave the advice at the 30th Anniversary of the company and his birthday in Ilorin, Kwara State capital.
Lubcon is a leading company manufacturing high quality lubricants and allied products such as automotive lubricants, gear oils, general lubricants, greases, hydraulic fluids, marine oils and process oils in Nigeria.
Ibrahim said; “Nigeria no longer enjoys the monopoly of targeted market”, as African Countries like South Africa, Ghana and other upwardly mobile countries are now broadening their market base.’’
He however, harped on the need to sustain unity in the country, and urged entrepreneurs “not to give up” as challenges are necessary steps to success”.
“No matter the challenges, don’t stop, keep pushing…The successes recorded so far by Lubcon was a product of tenacity and determination,’’ he stated.
Ibrahim said; “In Lubcon, we once had challenges of plastic supply which compelled us to restrategise. Today, we produce our own plastics; we supply plastics to other companies”.
The technical adviser revealed that, the organisation which started as a growing concern in Lagos on 8th of August, 1991 before relocating its head office to Ilorin, distributed 58 gallons of lubricant in the 90s which has grown to 200 million gallons in 2021.
Ibrahim stressed that Lubcon, has registered its presence beyond Nigeria, adding “the company is now in Ghana, Ethiopia and South Sudan.’’
A former Attorney General and Minister of Justice, Bayo Ojo said “Lubcon Group manifestly recognised the imperative of an articulated core corporate ideology and envisioned future in facing the challenges of a fast changing world”.
The Guest Lecturer, who spoke on “the Power of Vision and the enchanting success story of Lubcon group from its small beginning to an ICONIC corporate behemoth” admitted that the company has an unequivocal commitment to excellence and absolute integrity.
Ojo said; “There is an organic and uncommon admirable courage of conviction on the part of the promoter; there is the notable centrality of research and development in its operation and growth process which accounts for its continuous renewal.”
The Kwara State Governor, Abdulrahman Abdulrazaq congratulated the Technical Adviser of Lubcon, Jani Ibrahim on his birthday, praying God to grant him better years ahead in the service of humanity.
Governor Abdulrazaq described the industrialist as a “fine gentleman, peace builder and a man of middle course who is popular for always been on the side of conciliation.”
“He is a man who truly believes in the great potentials of Kwara State and its people. He has invested his resources to build industries and employed Kwarans in various capacities,’’ the Governor added.