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Economy

3D Technology: Global growth tops $20 billion in 2020 — Expert

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A printing technology expert, Mr Akinwole Akinpelu, has said that the worldwide 3D printing industry forecast recorded a rocketing growth of over 20 billion dollars against the projected 9 billion dollars in 2020.

Akinpelu, Managing Partner, Stampar 3D Limited, made this known at a webinar organised by the Lagos Chamber of Commerce and Industry (LCCI) themed: “3D Technology: “An Emerging Business Innovation” on Thursday.

Akinpelu stated that the worldwide projections had also superseded expectations year-on-year since 2014.

He explained that the 3D printing process is an additive manufacturing process where an object is made layer by layer from computer 3D model data.

Akinpelu stressed that additive manufacturing was not aimed at competing with manufacturing but to add value to the manufacturing processes and reduce turnaround time.

He added that the application of 3D technology to the nation’s education process from a tender age would help simplify otherwise difficult to comprehend subjects and learning.

“There is no sector or industry that 3D technology is not useful in; be it education, engineering, housing, printing and manufacturing.

“The manufacturing process includes the forming, joining and subtractive processes. What 3D technology does is that it adds as an additive manufacturing process to give better results to the sector,” he said.

Mr Felix Amaefula, Chief Executive Officer, Generative CAD Services, noted that Nigeria spent over two trillion naira annually importing tools and equipment which were be made possible by 3D technology skills and designs.

He noted that developing capacity in these areas over the next 10 years would save the nation about 30 trillion naira, create 100,000 new jobs and increase the nation’s Gross Domestic Product by 30 per cent.

Amaefula listed the challenges to scaling additive manufacturing in Nigeria to include low investment funding, limited machine capacity, low industry adoption, few experts and low collaboration between key experts and specialists.

He said that career opportunities in additive manufacturing included engineering, fashion, software developers, materials scientists, technicians, sales, marketing, education, writing, among others.

“The benefits of additive manufacturing are numerous, and the major benefits include faster production, unlimited shapes and geometry, very low start up costs, and lack of material wastage.

“We also look for synergy between specialists, experts in both private and public sectors to drive this automation and improve the manufacturing processes,” he said.

Mr Tunbosun Alake, Special Adviser to Lagos State Governor on Technology and Innovation, said the state government was committed to engendering a 3D technology process in the state.

This, Alake explained, was done by the training of young engineers on adoption and opportunities of 3D technology to enable them bring their processes to life through some test phases.

Alake said that the state government was currently expending efforts to increase automation of the entire land processing in Lagos to build and maintain an emerging economically vibrant trajectory of the state.

“Our journey has been digitizing data and digital set and making it accessible.

“Everything that has to do with the purchasing, speeding up and dealing of land matter would soon be a fully automated process.

“We are also looking to enable rapid prototype experts by providing vouchers to rapidly prototype their idea in hardware and manufacturing.

“Currently, we are talking to international partners to set up hardware labs to drive prototyping and we urge the private sector to come up with a framework that would drive the sector.

“If Lagos would proceed anywhere in the manufacturing space, it has got to be smart manufacturing,” he said.

Mrs Toki Mabogunje, President, LCCI, said that a contemporary discourse at this critical stage of the Nigerian economy on the role of technology in development cannot be over-emphasized.

She noted that over the years, 3D printing technology had been used for mass customization, production of open-source designs in the field of Agriculture, Health, Education, Automotive Industry, Locomotive Industry, and the Aviation Industry.

She stressed that the application of 3D printing in manufacturing sector could spur rapid growth within the sector and increase the Nigeria’s manufacturing GDP contribution as well as other sectors of the economy.

“The growth of 3D printing in Nigeria is expected to impact, not only on manufacturing, but also on the education sector.

“This technology brings to light a set of skills lacking in the Nigerian industrial setting, and the opportunity for new teaching practices in science and engineering programmes within our tertiary institutions.

“The emergence of 3D printing technology has the potential to transform businesses, geographical challenges, and entire supply chains.

“With less time to design and manufacture products; with minimum need for warehouses for inventory; with spare parts printed on demand; evidently, a great leap in our industrialization transformation is imminent.

“In the educational sector, 3D printing offers numerous benefits. These benefits include improving the students learning process as well as improving the teaching capabilities of the teacher. Hence the need to deploy 3D printing,” she said. 

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Economy

FGN Poised To Dismantle Kidnap Economy – General Laka

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From Lateef Taiwo

The Coordinator, National Counter Terrorism Centre, Office of the National Security Adviser (NCTC-ONSA), Major General Adamu Laka, has reaffirmed the commitment of the Federal Government of Nigeria (FGN) to ending kidnap economy in the country.

General Laka stated this while briefing newsmen on the activities of the Multi-Agency Anti-Kidnap Fusion Cell in collaboration with the United Kingdom – National Crime Agency on Tuesday in Abuja.

He said the centre had officially launched the State Expansion Programme of the Multi-Agency Anti-Kidnap Fusion Cell, bridging a critical gap between national security coordination and state-level tactical response.

The National Coordinator noted that kidnapping in Nigeria was no longer a random crime, but an industry being ran by sophisticated and well-armed criminal networks that thrive on fear and fund violence through ransoms.

According to him, the programme was aimed at dismantling that economy by connecting national strategy with boots-on-ground action.

He said the fusion cell was created in partnership with the United Kingdom’s National Crime Agency (NCA) to facilitate high-profile rescues and breaking up kidnapping rings across the country.

The national coordinator noted that kidnapping in Nigeria was no longer a random crime, but an industry being ran by sophisticated and well-armed criminal networks that thrive on fear and fund violence through ransoms.
According to him, the programme was aimed at dismantling that economy by connecting national strategy with boots-on-ground action.

He said the fusion cell was created in partnership with the United Kingdom’s National Crime Agency (NCA) to facilitate high-profile rescues and breaking up kidnapping rings across the country.

General Laka noted the cell had played key roles in supporting rescue operations, disrupting kidnapping networks, and improving interagency coordination.

According to him, experience has shown that while national coordination is crucial, state-level engagement is also indispensable.

“Too often, real-time intelligence, local knowledge, and operational readiness reside with field commands, while national coordination can only succeed when it is informed by ground realities.

“This is the primary purpose of this programme – to close the gap between national-level coordination and state-level response. Essentially, to build direct operational linkages between the Cell and state commands across the country,” Laka said.

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Economy

Food Security: Sanwo-olu Commended Over Launch of ₦500bn ‘Produce for Lagos’

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The Good Governance Campaign Forum (GGCF) has praised the Lagos State Government for launching the “Produce for Lagos” programme, describing this initiative and its ₦500 billion Offtake Guarantee Fund as a brilliant solution to the food insecurity challenges the nation faces.

The Forum issued this commendation in a statement signed by its Coordinator, Rahman Suleiman, on Wednesday, following the official unveiling ceremony of the program earlier in the week.

The program aims to transform Lagos’ food system and reduce the state’s dependency on external food sources, receiving positive recognition both within and outside the state for the Sanwo-Olu-led government’s efforts.

According to Suleiman, the initiative is timely and represents a pioneering collaboration between the Lagos State Government, the private sector, the Lagos Food Systems Infrastructure Company (LAFSINCO), Ekolog, and the Lagos Bulk Trading Company. He noted that this model is designed not only to enhance food production and logistics across the state but could also serve as a scalable framework for improving livelihoods and national resilience.

Suleiman shared insights from the Forum’s sampling of public opinion in Lagos and other states, indicating that people are pleased with the Lagos State Government’s strategic programs aimed at tackling hunger and starvation. He emphasized that a key component of the “Produce for Lagos” program is its data-driven approach, which will help address agricultural inefficiencies and strengthen value chains.

“Food security is a collective responsibility that we cannot afford to neglect as a nation,” Suleiman stated. “We are grateful to God for providing us with a leader like Sanwo-Olu, who is visionary, forward-thinking, and compassionate toward ordinary people.”

He commended Governor Sanwo-Olu for consistently setting benchmarks and leading by example in subnational governance. These achievements underscore the economic growth, infrastructural development, and urban planning efforts of the Lagos government.

“Governor Sanwo-Olu is a trailblazer; he has done exceptionally well, and we fully support his programs and policies. His work over the past six years speaks for itself,” he added.

Suleiman noted that this initiative, a partnership between the state government and the private sector, is expected to significantly boost agricultural production.

During the launch, Governor Sanwo-Olu also announced the deployment of a fleet of 150 cold and dry trucks—the largest of its kind—in partnership with the private sector.

Business mogul Tony Elumelu, who supported the project with ₦25 billion, stated that food security is crucial and expressed satisfaction with the collaboration between Lagos and other participating states.

Other prominent individuals at the event included Amir Kamel, Vice President of Afreximbank, and Michel Deleen, the Consul General of the Kingdom of the Netherlands, among other dignitaries.

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Economy

Constitution Amendment: Group Urges NASS, FG To Prioritise Restructuring, Regionalism

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… rejects the creation of new states

A prominent youth organization, the Youth Bureau, has urged the National Assembly to prioritize genuine restructuring of Nigeria, emphasizing regional autonomy and the establishment of State Police without further delay. This call comes as the legislature reviews the nation’s constitution.

The demand was articulated in the group’s Position Paper presented to the National Assembly Committee on Constitutional Amendment for the South-West Zone, which convened recently in Lagos.

In a statement signed by its Southern Coordinator, AbdulRahman AbdulRazaq, on Thursday in Lagos, the Youth Bureau also rejected calls for the creation of new states. The group warned that the Supreme Court’s judgment on local government contradicts their position, asserting that its implementation should be set aside. They believe only the State Government should have the authority to create local governments.

AbdulRazaq urged President Bola Ahmed Tinubu to prioritize comprehensive restructuring, as it is fundamental to effective governance and development. He encouraged the National Assembly Committee on Constitutional Amendment to make bold decisions that will have a positive impact on the populace.

He pointed out that the regional governments established in the late 1960s in Nigeria facilitated healthy governance and development, particularly under the Action Group government led by Chief Obafemi Awolowo in the Western Region. During that period, significant advancements were made in free education initiatives, healthcare infrastructure, industrialization, and overall infrastructure growth.

AbdulRazaq noted that the abolition of regional autonomy by the late General Aguyi Ironsi led to a unitary system of government, which resulted in excessive concentration of power in the central government, a lack of adherence to the rule of law, and restricted resource control and financial autonomy for the regions.

The Youth Bureau’s position paper includes the following demands and recommendations for the National Assembly Committee on Constitutional Amendment:

Our Demands

We urge the National Assembly Committee to consider the following:

  1. Genuine restructuring of the country based on regional autonomy.
  2. No need for the creation of additional states.
  3. The formation of State Police without further delay.
  4. Recognition that local government is a component of state government; the Supreme Court’s judgment on local government contradicts this principle, and its implementation should be set aside. Only the State Government should have the authority to create local governments.

Conclusion

We believe that a decentralized governance system founded on devolution and decentralization will ensure political and fiscal autonomy for its component units and promote equity among them. We urge President Bola Ahmed Tinubu to prioritize comprehensive restructuring and encourage the National Assembly Committee to make bold decisions that positively affect the citizenry.

Recommendations

  • Decentralize governance in theory, practice, content, and character.
  • Ensure equity among the component units.
  • Guarantee political and fiscal autonomy for the regions.
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