Innovation is defined simply as a “new idea, device, or method”. It is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs. This is accomplished through more-effective products, processes, services, technologies, or business models that are readily available to markets, governments and society. The term “innovation” can also be defined as something original and more effective and, as a consequence, new, that “breaks into” the market or society.
The definitions above best described the launching of Evemaster and Secure Envelopes by frontline indigenous envelopes manufacturing company, FAE Limited, popularly known as Funmilayo Adebo Enterprise. PRINTERS DIGEST can report that , the new introduction is no doubt, a world class despite the fact that production materials were sourced locally.
Speaking at the event, Chief Richard Okeowo, Chairman FAE Limited said despite the humble beginning of the FAE Limited, the astronomical groth and development of a staionary trade store to now a leading indigenous manufacturing stationary company in Nigeria is commendable.
In his words, “permit me to quickly give a brief oration of our company, FAE Limited – Funmilayo Adebo Enterprises. FAE started from a humble beginning as Funlayo Adebo Enterprises over half a century ago. The line of business then was; trading and mercantile of stationary and office items. Our venture into manufacturing is not by sudden flight, but woven by years of experience; desire to add value to the economy and wealth of knowledge garnered from endeavour of life”.
More so, the event which attracted the presence of Hajia Aisha Abubakar, Honourable Minister of State Federal Ministry of Industry, Trade & Investment also witnessed dignitaries like the President Manufacturers Association of Nigeria (MAN), Dr. Frank Udemba Jacobs MON, Managing Director CAP Plc, Mrs Lara Elemide among others.
The new ENVEMASTER and SECURE ENVELOPES has such features as improved preservation of gum and silicon paper fit for long term storage, bar coded features for accountability, inventory, anti-counterfeiting, employment creation opportunities arising from work sections and principles of division of labour, saving of scare foreign earnings as production materials are locally sourced for and utilised, favourably helping in diversification from dependence on oil.