Year in review: Issues that raised the blood pressures of Nigerian Manufacturers in 2019

   By Franklin Alli   IN this review of happenings in the Nigerian Manufacturing sector in 2019 and Outlook for 2020, Nigeria Industrial Digest reports that the African Continental Free Trade Agreement (AfCFTA), closure of land borders, including hike in VAT to 7.5 percent, and bad roads, top manufacturers concern.   AFTER  more than a […]

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Pepsi Leaked Mail: We Are Proud of Our Indigenous Products, Say Nigerian Protesters

♦ Demands Legislation to Protect Local soft drinks Nigerians came out in large numbers on Friday to protest against Pepsi MD’s comment where he allegedly said “One company will flourish, one will diminish, and another will finish. B-brand model of business will either become a temptation for anyone who has bit money to start own […]

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AfCFTA: Nigeria Warns It Won’t Allow Smuggling, Trade Malpractices

By Franklin Alli   “WE will not allow smuggling and other predatory trade practices to continue unchecked, as it undermines our economic development efforts and destroys local industries, leading to job losses.” Mr. Niyi Adebayo, Nigeria’s Minister of Industry, Trade and Investment, warned at the AfCFTA National Forum, themed: ‘Effective Implementation for Industrialisation and Inclusive […]

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Japan grants Nasarawa, Kwara $298,000 to boost rice production

  The Japanese government has signed a $298,095 partnership contract with the Nasarawa and Kwara state governments to boost rice production. The project, an initiative of the Nasarawa Agricultural Development Program, NADP and the Tabitha Cumi Foundation will be implemented in collaboration with Toyota Tsusho Corporation and Olam Nigeria Limited, under the Japanese Grant Assistance […]

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Industry minister commissions N1.5bn Wichtech Industries roof tile plant

The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has commissioned a N1.5 billion roof tile manufacturing plant in Asaba, Delta State. The plant is owned by Wichtech Industries Limited with a capacity to create over 10,000 direct and indirect jobs for Nigerians. The minister expressed hope that the company would help develop […]

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UK Partners SON on Capacity Building

The UK Government, through the Commonwealth Standards Network (CSN) and the Global Trade Programme (GTP), has implemented technical training activity on standards development for Nigerian Standards Agencies. The Head of Prosperity, British Deputy High Commission, Mr. Guy Harrison, said the UK government was committed to the partnership with the federal government, to promote an inclusive […]

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Nigeria’s manufacturing sector’s GDP to hit N49.6tr with 40,000Gwh of power supply

  If electricity supplied to industries increases to 40,000Gwh within the next seven years, the manufacturing sector’s contribution to the Gross Domestic Product (GDP) is projected to rise to N49.6 trillion with at least 46.59 million jobs created. Estimates from PwC Nigeria, shows that increasing electricity supply to industries has an indirect effect on employment […]

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Friesland Campina WAMCO empowers 7,000 dairy farmers

More than 7,000 dairy farmers including female farmers have been empowered under Friesland Campina WAMCO Plc.’s Dairy Development Programme (DDP) across Oyo, Ogun and Osun States. The Executive Director, Corporate Affairs, Friesland Campina WAMCO, Ore Famurewa, who made this known in Lagos, during the week, said the company’s ambition was to improve the standard of […]

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