• Latest
  • Trending
  • All
Post COVID-19: Provide Collateral Free Loans To SMEs, Ale Tells FG

Post COVID-19: Provide Collateral Free Loans To SMEs – AWDROP President, Ale Tells FG

July 7, 2020
Ibadan North Rep Condoles Victims As Rainstorm Kills One, Destroys Goods At Bodija Market

Ibadan North Rep Condoles Victims As Rainstorm Kills One, Destroys Goods At Bodija Market

June 14, 2026
Amid Protests, Aranyin of Iranyin Renews Appeal to Makinde Over Vacant Aresa-Adu Throne

Amid Protests, Aranyin of Iranyin Renews Appeal to Makinde Over Vacant Aresa-Adu Throne

June 13, 2026
Olubadan Palace Announces Death of Osi-Balogun, Postpones Mogaji, Baale Installation

Olubadan Palace Announces Death of Osi-Balogun, Postpones Mogaji, Baale Installation

June 13, 2026
Ibadan North Rep Stands with Makinde, Aligns with Opposition Leaders

Rep. Folajimi Oyekunle Hails Consensus Emergence of House Minority Leaders

June 12, 2026
Day 10: Tinubu in Lagos for APC Primaries, Not Oyo as Children Remain in Captivity

Oriire Abduction: June 12 Means Nothing While 39 Students, 7 Teachers Are Still In Captivity – Ajani

June 12, 2026
Akinyele’s Turn or APC’s Risk? Rotation, Reality and Representation in Lagelu/Akinyele Federal Constituency

Oyo APC Questions Makinde’s Disclosure of 200 Amotekun Corps Deaths, Seeks Details

June 11, 2026
Oyekunle ‘Don’ Launches Solar Water Projects to Boost Clean Water Supply In Ibadan North

Oyekunle ‘Don’ Launches Solar Water Projects to Boost Clean Water Supply In Ibadan North

June 10, 2026
Oriire Kidnap: Onireti Donates Medical Supplies To Community, Supports Oyedokun’s Family With ₦1m, Schorlarships

Oriire Kidnap: Onireti Donates Medical Supplies To Community, Supports Oyedokun’s Family With ₦1m, Schorlarships

June 10, 2026
PTTI Urges Immediate Deployment of 1,000 Forest Guards, Boundary Taskforce

PTTI Urges Immediate Deployment of 1,000 Forest Guards, Boundary Taskforce

June 10, 2026
Oriire Abduction: Tinubu’s Aide, Moremi Ojudu, Visits Families of Abducted Teachers, Pupils 

Oriire Abduction: Tinubu’s Aide, Moremi Ojudu, Visits Families of Abducted Teachers, Pupils 

June 9, 2026
Reps Member, Oyekunle ‘Don’, Praises Oyo First Lady’s Commitment to Humanity, Family Values on Birthday

Oyo LG Chairmen Laud First Lady Makinde’s Support for Family Values, Community Development

June 9, 2026
Reps Member, Oyekunle ‘Don’, Praises Oyo First Lady’s Commitment to Humanity, Family Values on Birthday

Reps Member, Oyekunle ‘Don’, Praises Oyo First Lady’s Commitment to Humanity, Family Values on Birthday

June 9, 2026
">
ADVERTISEMENT
  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today
Sunday, June 14, 2026
  • Login
  • Home
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview
No Result
View All Result
No Result
View All Result

Post COVID-19: Provide Collateral Free Loans To SMEs – AWDROP President, Ale Tells FG

...Dangote, Others Should Partner Nigerian Universities On Research

by InsideOyo
July 7, 2020
in Political News
0
Post COVID-19: Provide Collateral Free Loans To SMEs, Ale Tells FG

RelatedPosts

Ibadan North Rep Condoles Victims As Rainstorm Kills One, Destroys Goods At Bodija Market

Amid Protests, Aranyin of Iranyin Renews Appeal to Makinde Over Vacant Aresa-Adu Throne

Rep. Folajimi Oyekunle Hails Consensus Emergence of House Minority Leaders

As the nation embarks on gradual ease of lockdown against the COVID-19 pandemic, an expert on the Sustainable Development Goals (SDGs) and the National President, Association Of Water Well Drillers and rigs owners Practitioners (AWDROP) Engr Micheal Ale, has recommended urgent and robust boost in industrialization for Nigerian’s recovery and precautionary step against possible economic recession.

Engr Ale stated this while featuring on a Nigeria Televison Authority (NTA) Abuja said Nigeria can maximaize her potentials on indusriaization by meeting the target of the SDGs 2020 noting that the nation needs to key into the global policy on SDGs.

ADVERTISEMENT

“it is not about government policy, it is all about understanding what industrialization is. If we say it is government policy we are looking indepth into aspects of leadership.

But if we look into a global perspective as far as United Nations and all over the world are concerned, there is a global policy and a national policy. There is a global policy that the government keys into and the direction has been given to us. And if we are looking at the global policy, what is industrialization? you look at the first industrial revolution second, third and now the fourth industrial revolution: The first industrial revolution was when machinery replaced hands in agriculture, the second was the internet and technology, the third was the renewable energy which​ make our activities faster and the fourth revolution is the robots and artificial intelligence.”

“How many of our universities have research outcomes to use. All these developed countries go to their universities, their businessmen can go to the universities and engage them in researches that would help their development. They sponsor such researches that can add value to their companies. It doesn’t have to be government alone.

This is why I mentioned academics. We have only leveraged on agriculture, we have the pharmaceutical industry, right now, the Covid 19 issue has given us the great opportunity to revamp our industries, especially, the pharmaceutical industry. How many of us are producing ordinary masks, I am not talking about the cloth masks, you know they are using the shields now, it is part of industrialization because all these evil things would definitely create opportunities. Do we have academic institutions that are looking into that?.

I am very happy when I see some of them producing some mechanical inventions on the sanitation aspect. All these are ways we can explore to meet the SDGs 2020 target. Right now, all the policies from all the sectors, agric, aviation, etc must come up with a renewed policy.”​

Ale, gave tips on how the nation can be self sufficient and equally begin a robust industrialization journey: “​ ​ it all boils down to the root cause, in sustainable development, it is a tree format, you have the tree, the trunk and the roots. the tree that isn’t doing well now are the consequences but we need to go back to the roots.

The moment you tackle the roots you then have addressed the consequences, if I want that tree to die I tackle the roots, if I want it to live then I put in more fertilizer. We should go down and see what do we have, I think there is a lot of committee that are being set up by government, we can look at them. The important thing is research, development and innovation, I keep saying this, we must go into much of research, innovating and put these to use.

Speaking about how to make Nigerian Universities hallmarks of industrialization, Ale said:

“It is very achievable, we have the likes of Dangote my good friend, his foundation can go into research, and look into what can be done, you can pick on any university that you think focus on what your industry needs. Then you talk to the university and give them grants for the research. I think the Nigerian government has tetfund and they are going into many research, what have they done with those research outcomes?. We don’t know but the fact is that they have done a lot. Let them publicize these, let them ask private individuals to come pick these research outcomes.

Private individuals can invest in the universities, researches and they can tell the universities this is what I want you to do. I think I know of Tata in India he does that. Look at the Roche firm in U.S , he is a private guy and the government bought off all the drugs for global supply that can go round the world in two months.. Nigerian Government can give a guarantee for the university that do this, we are going to back it up.”

Ale advocates zero collateral for small medium enterprise as they can come, as private initiatives, “government can also make banks give no collaterized, none interest loans, I have some banks that can do that. SMEs should look at the opportunities, for example, if all I have been doing is manufacturing of microphones, and I feel that this is the time that I should manufacture shields. I can make a proposal but the problem is for the SMEs who will write proposals for them.

How did they get knowledgeable, there is no business that grows anywhere for anyone if you don’t have knowledge behind that individual. It means you still need to engage someone who will help to you put up a proposal to a bank government or anyone who is interested and wish to fund the business. Anyone that would fund a business would ask how does he add value to it and what is the viability of such business sailing through?”

ADVERTISEMENT

Share this:

  • Share on WhatsApp (Opens in new window) WhatsApp
  • Tweet
  • Share on Telegram (Opens in new window) Telegram
  • Share on Threads (Opens in new window) Threads
  • Email a link to a friend (Opens in new window) Email
  • Share on Bluesky (Opens in new window) Bluesky

Like this:

Like Loading…
Tags: Association Of Water Well Drillers and rigs owners PractitionersCOVID-19 pandemicEngr Micheal AleNigeria Televison Authorityoyo state news
Previous Post

Oyo Vows To End Open Defecation By 2025 As RUWASSA Commissions 10,000 Litters Daily Water Projects

Next Post

Oyo PDP Reconciliation Committee Meets Stakeholders in Ibadan

InsideOyo

InsideOyo

InsideOyo is an independent news medium for up-to-date events and happenings within and around Oyo state, Nigeria.

Related Posts

Ibadan North Rep Condoles Victims As Rainstorm Kills One, Destroys Goods At Bodija Market

Ibadan North Rep Condoles Victims As Rainstorm Kills One, Destroys Goods At Bodija Market

by Ayo Mukhail
June 14, 2026
0

The member representing Ibadan North Federal Constituency in the House of Representatives, Hon. Folajimi Oyekunle (DON), has expressed deep sorrow...

Amid Protests, Aranyin of Iranyin Renews Appeal to Makinde Over Vacant Aresa-Adu Throne

Amid Protests, Aranyin of Iranyin Renews Appeal to Makinde Over Vacant Aresa-Adu Throne

by Adebola Sanmi
June 13, 2026
0

The Aranyin of Iranyin, HRM Lasisi Olagbemileke Oladimeji, has again appealed to Oyo State Governor Seyi Makinde to fill the...

Ibadan North Rep Stands with Makinde, Aligns with Opposition Leaders

Rep. Folajimi Oyekunle Hails Consensus Emergence of House Minority Leaders

by Ayo Mukhail
June 12, 2026
0

The Federal Lawmaker representing Ibadan North Federal Constituency, Hon. Folajimi Oyekunle (DON), has congratulated the newly reconstituted Minority Leadership of...

Day 10: Tinubu in Lagos for APC Primaries, Not Oyo as Children Remain in Captivity

Oriire Abduction: June 12 Means Nothing While 39 Students, 7 Teachers Are Still In Captivity – Ajani

by Olayi Abide
June 12, 2026
0

While Nigerians mark June 12 Democracy Day in celebration of freedom, justice, and democratic progress, the Accord candidate for Oyo...

Next Post
Despite Grievances, Oyo PDP Rules Out Crisis

Oyo PDP Reconciliation Committee Meets Stakeholders in Ibadan

Please login to join discussion

Are YOU in distress? Call Oyo State Emergency Number NOW!!!

oyo State Emergency Number

Click to download InsideOyo.com App

Join Our WhatsApp Group

Copyright © 2025 Inside Media

Navigate Site

  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview

Copyright © 2025 Inside Media

%d