Why textile sector remains on brink despite interventions

‘Executive Order 003 of 2017 only on paper, govt major culprit’ • Fewer than 25 of over 300 textile companies in operation • Why Nigeria cannot export raw cotton despite the boom • With consistent policies, Nigeria has huge potential, says Ogunlesi • WTO exposed Nigerians to cheaper textiles Despite years of intervention, Nigeria’s textile […]

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AfCFTA status: Ghana celebrates first export

  Ghana – which hosts the AfCFTA’s headquarters, has emerged as the first country to export under the agreement. Techcabal.com reported that on January 4, Ghana organized an event to commemorate its first export under the agreement’s framework, setting the pace for other countries. It is one of three countries that has a suite of […]

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AfCFTA: Manufacturers want SON at the nation’s entry points for quality verifications

  The Kano branch of the Manufacturers Association of Nigeria (MAN) has called for the proper positioning of the Standards Organisation of Nigeria (SON) at the nation’s entry points in preparation for the implementation of the African Continental Free Trade Agreement (AfCFTA). Alhaji Ali Madugu, the National Vice President of MAN, North West Zone, made […]

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To exit recession,  Kpakol calls for massive manufacturing production,  service 

  By Henry Daniel “Agriculture must be given top priority by the government at all levels giving farmers, inventors, and manufacturers all the necessary support to speed up the production of goods and services if Nigeria must free itself from recession. ” Professor Magnus Kpakol, gave this advice when he spoke on, “Government Priorities and Citizens’ […]

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Why enterprises should review their business continuity models – IoD CEO/DG

  Mr. Dele Alimi is the Chief Executive Officer/ Director – General of Institute Of Directors (IoD) Nigeria.  In this conversation, he reflected on the business environment in the year 2020, and the Institute’s expectations in 2021.   By Henry Daniel   So many things happened in 2020 – the global pandemic, insecurity, retrenchment of […]

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Coleman Wires and Cable chief says COVID -19 can spur manufacturing if…

  By Henry Daniel “The economic outlook for 2021 will be stable to negative, however, Covid-19 can have a positive impact on manufacturing if we play the right tools and get things right”. The CEO of Coleman Wires and Cable, George Onafowokan, stated this on Channels TV Business morning, yesterday. He urged the federal government […]

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How not to regulate the electricity industry

In summary ∆ Electricity is one issue that affects every home, every family, and every business in Nigeria ∆ Nigerians are asking why the government is still fixing electricity prices, years after it privatized the sector? ∆ Manufacturers who are the heavy users of electricity, including Labour unions and the civil society, condemn and reject […]

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Nigeria: New electricity price threatens 5 million jobs in the manufacturing sector

  By Industrial Digest  The Manufacturers Association of Nigeria (MAN) has warned that the government’s new electricity price will lead to ” large scale unemployment across 76 manufacturing sub-sectors with 5 million people on their payrolls.” In the revised Multi-Year Tariff Order (MYTO) for January to June 2021 signed by the new Chairman of Nigeria […]

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How does AfCTA benefits SMEs, women in business?

  1.  How does AfCFTA benefit small and medium-sized enterprises? Ÿ Small and medium-sized enterprises are key to growth in Africa. They account for around 80 per cent of the region’s businesses. These businesses usually struggle to penetrate more advanced overseas markets, but are well positioned to tap into regional export destinations and can use […]

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