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Bosch Focuses On Nigeria, Targets 25% Sales Growth in 2016

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(L-r): Rushi Garud, managing director, Seagle International Limited; Albert Inyang, chairman Bertola Machine-Tool Limited; Jan Mayer, head of Sales - Bosch Nigeria; Benjamin Ofori, regional director West & Central Africa, Bosch and Ibezim Johnson, managing director- Farmtec, at the Bosch Power Tool Press Briefing held in Lagos on Tuesday.
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Bosch Power Tools- in Nigeria has pledged to increase its investment portfolio in the country by being instrumental in building an automotive industry, providing machinery for modern food and pharmaceutical industries as well as security and thermo technology systems.

BPT at its maiden Dealers Summit in Lagos, on Wednesday, showcased advanced technology equipments for large and small scale firms.

The Company also expressed readiness to work assiduously with the dealers and distributors respectively, to deliver genuine tools and spare parts as well as working with relevant agencies to stamp out importation of fakes through grey markets, while setting a target of 25% growth in turnover in 2016 (in Nigeria) and 40Million euros across West Africa.

Bosch which is already working towards 200million euros as global sales turnover by 2020, said that as Africa comes into focus, the Company is growing increasing interest in Key markets by strengthening their presence in the region, with Nigeria being in core focus.

The global supplier of technology and services recently opened a new sales and service outlet in Lagos, Nigeria.

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According to Mr. Benjamin Ofori, regional sales director, “Africa offers great potential for our business with Nigeria leading the pack as the biggest economy in Africa, with more than 170 million people and an emerging middle class doing business with Nigeria is a step in the right direction for us at Bosch Group” said, the Regional Sales Director.

Bosch Group is renowned for its Leadership in Mobility Solutions, Industrial Technology, Consumer Goods, Energy and Building Technology. They are determined to establish this four major segments in Nigeria and the rest of sub-Saharan Africa with local offices already established in Algeria, Angola, Egypt, Kenya, Ghana, Morocco, Mozambique and Tunisia.

Speaking at the event, the Regional Sales Director emphasized the importance of Power tools to increase efficiency in output and overall growth of businesses.

He further said, “The major significance of the power tools dealership event is to underline the commitment of Bosch in Nigeria at building and fostering sustainable business relationship with customers and also build confidence of the brand in the market”.

Bosch Power Tool declared 50million Euros sales turnover in 2015; having 375,000 associates, and has also segmented its African market into four with offices in Nigeria, Kenya, Madagascar and South Africa. 

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Dealers and Distributors
Delighted dealers and distributors at the event were taken around the tools exhibition area to view the various tools, where they had a one to one session with The Bosch Group service support team discussing customer requirements and how they can further support them.

“The Power Tools Division stands for customer focus and great engineering progress and has recorded significant successes in innovation of power tools, power tool accessories and measuring tools.

“Our step towards content marketing starts with the dealers. We are all out to offer them the needed support to reach the end users. The critical stage is for us to inform the market about our presence in the market. We believe that our close working relationship with relevant authorities will help us boost the confidence the market will repose on us.

“With over 80 years of operating through its distributors and dealers in Nigeria, The Bosch Group office at  Landmark Centre, 52-54 Isaac John Street, Ikeja, Lagos and dealers summit officially stamps its presence in Nigeria for dealers, partners and distributors,” said Jan Mayer, head of Sales, Bosch Power Tools (Nigeria).

AFRIKA KOMMT
The German company also expressed their commitment to empowering young talent in Sub-Saharan Africa where they initiated the AFRIKA KOMMT.

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The program, Bosch Power Tools said, is engineered towards empowering young budding African business leaders.

“Bosch in partnership with various companies, offers scholarship programs to junior African executives so that they can spend a year in Germany completing professional courses. The goal of the program is to foster mutual exchange and learning between African executives and German companies,” Ofori said.

Manufacturing Plant
The Company also disclosed it is conducting feasibility studies on the possibilities of setting up a manufacturing plant in Nigeria.

Explaining the plans, Ofori, added that instability in public power supply remains the biggest challenges in Nigeria, hence Bosch is carefully understudying Government policy directions and infrastructural developments before finalising on the plant.

 

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Atte, Nigerian Develops AI Algorithm for Hair Transplants

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Atte Ayodeji, a Nigerian computer scientist,has developed an artificial intelligence algorithm capable of detecting, counting, grouping and generating healthy hair follicles during hair transplant procedures, an innovation that earned him the Best Innovative Technology award.

Atte, Nigerian Develops AI Algorithm for Hair Transplants

Atte Ayodeji

Ayodeji also graduated with a Distinction in his Master of Science (MSc) in Computer Science from Birmingham City University on Friday, adding another milestone to an impressive academic year.

Beyond his award-winning hair transplant innovation, the Nigerian researcher developed a system and framework on Explainable Artificial Intelligence (XAI) as a professional responsibility in the diagnosis of lung cancer.

His dissertation received a silver award at the PGXPO2026 Winter, further highlighting the impact of his research in applying artificial intelligence to healthcare.

Sunday Dare, special adviser on Media and Public Communication to President Tinubu,  celebrated Ayodeji’s achievements in a post on X, recalling how he first met him in 2019 during his National Youth Service.

“In 2019 when I became a Minister of the Republic, I met a young man of medium height, genteel with penetrating eyes: Atte Ayodeji. His words rarely come out and he could easily be passed by unnoticed. But I noticed him especially when my SA Kemi Areola brought him to me asking my approval for him to do his Youth Service in my office. I approved. From then on he was unstoppable. His brilliance shown and he developed skills beyond his frame.”

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Highlighting Ayodeji’s recent accomplishments, Dare congratulated him saying, “Congratulations Atte. I am proud of you!”

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FG to Abolish Subsidies in Power Sector in 2027 – Minister

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Mr. Joseph Tegbe, minister of Power, has said that the federal government plans to end power sector subsidies from 2027 and that there are no immediate plans for tariff increases.

FG to Abolish Subsidies in Power Sector in 2027 – Minister

Mr. Joseph Tegbe, minister of Power

The minister told journalists during the media interactive session at the weekend that the government has announced plans to phase out electricity subsidy payments from 2027 as part of efforts to address mounting liabilities in the power sector.

He explained that the planned removal forms part of the broader reforms aimed at ensuring the long-term sustainability of the electricity sector, while tackling the financial challenges confronting the industry.

According to the minister, despite the planned subsidy withdrawal, there are no immediate plans to increase electricity tariffs, reassuring consumers that the government is not considering a tariff hike in the short term.


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AfCFTA Urges Africa to Stop Exporting Raw Materials

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Patience Okala, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office has urged African countries to stop exporting raw materials and instead focus on adding value to its natural resources if it is to fully harness the opportunities offered by the African Continental Free Trade Area.

She stated this on Thursday at the Streamsowers & Köhn 20th Anniversary Business Forum, where she stressed that value addition and beneficiation are essential to Africa’s industrialisation and long-term economic growth.

According to a statement issued on Friday by the Nigeria AfCFTA Coordination Office, she said the AfCFTA goes beyond the elimination of tariffs, serving as a framework for industrialisation, value addition, and job creation across the continent.

“AfCFTA is not only about tariffs; it is also about value addition. Africa has to stop exporting raw materials. We need to add value and ensure that beneficiation is done on the continent,” she said.

Okala also said Africa’s economic transformation would depend on the effective implementation of the AfCFTA rather than on the signing of trade agreements alone.

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“We have moved beyond negotiations. The success of AfCFTA will be measured by the extent to which businesses can access new markets, trade seamlessly across borders, and benefit from the opportunities created by the agreement,” she said.

She noted that Nigeria had intensified efforts to implement the agreement under the leadership of the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, including the development of simplified AfCFTA guides in six languages to help businesses understand and take advantage of opportunities under the trade pact.

Okala called for stronger collaboration among governments, regulators, and the private sector to eliminate barriers to trade and investment and build a truly integrated African market.

“As we move from policy to implementation, our collective responsibility is to ensure that the opportunities created by AfCFTA become practical realities for businesses, particularly MSMEs, women-owned enterprises, and young entrepreneurs across the continent,” she said.

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