Turning to special economic zones to drive industrialisation

Manufacturers have long been struggling to integrate into the global value chains that generate the goods and services that are demanded by consumers around the globe. Experts, however, say that the use of export-oriented Special Economic Zones (SEZs), which offer a concentration of high-quality infrastructure and mouth-watering fiscal incentives to producers in the zones, are […]

Continue Reading

Vanguard, BJAN Mourn Exit of Princewill Ekwujuru

The Vanguard Newspaper and the Brand Journalists Association of Nigeria (BJAN) have been mourning the exit of Mr. Princewill Oziomachukwu Ekwujuru who died after an accident. Until his death, Mr. Princewill was the paper’s Brands/Marketing Correspondence, and the former chairman of BJAN. In a Facebook post, his colleagues in BJAN held a Night of Tributes […]

Continue Reading

Abia Govt to build N30bn industrial cluster in Aba

Abia State government has signed a Memorandum of Understanding (MoU) with a partner company to build an industrial cluster for the leather, garment and allied products producers at Amator in Obingwa Local Government Area of the state. Speaking at the MOU signing ceremony in Aba, the Permanent Secretary in the state Ministry of Industries, Cletus […]

Continue Reading

China Aims High in Bilateral Relations, Trade with Nigeria

Chinese Ambassador to Nigeria, Cui Jianchun has said the bilateral relations and trade between China and Nigeria would soon reach a new higher level. He made the revelation in Abuja during a media chat to mark the Moon Festival or Mid-Autumn Festival in China, one of the most important traditional holidays in the country. He […]

Continue Reading

Manufacturers speak on World Bank’s scrapping of “Ease of Doing Business Reports”

By Industrial Digest     MANUFACTURERS, Bankers and Investments analysts in Nigeria say rather than discounting the report entirely, the World Bank should restructure it into an “Ease of Starting Business” index and another index for Ease of Doing Business. The latter should cover the real challenges we in Africa faces in doing business.” The World […]

Continue Reading

Fearless vs Predator: Court to Hear Rite Foods, NBC Suit October 27

Justice Lewis Allagoa of the Lagos Federal High Court has fixed October 27, 2021, for the hearing of all applications in a contempt proceedings filed by Rite Food Limited against the NBC’s and it’s Managing Director, Mattieu Seguine, over alleged trademark infringement. Justice Allagoa fixed the date after counsel to the parties informed him that […]

Continue Reading

‘’Nigeria must look inward to fund industrialisation’

An industrialist, Dr. Caesar Osaheni Iyayi, has appealed to President Muhammadu Buhari to use his powers and office to encourage Nigerians to focus on manufacturing revolution, adding that the country must look inward to fund industrialisation. According to Iyayi, we must develop the industrial capacity to use our raw materials to manufacture everything that we […]

Continue Reading

How Governor Oyetola is reviving textile industry in Osun State

“It should be noted that our administration’s declaration of every Thursday being ‘Osun Adire Day’ and the directive that all public and civil servants be dressed on Adire same day, is in furtherance of our efforts not only to promote our culture and tourism but also, to specifically develop the state textile industry.” Mr. Adegboyega […]

Continue Reading

Lafarge Africa spends US$2.92m on host communities

By Industrial Digest “Lafarge Africa doubled the number of beneficiaries of its corporate social responsibility (CSR) activities within its host communities year-on-year to 250,000 in 2020. Its investments in community development initiatives to counteract the Covid-19 outbreak and its impact totaled US$2.92m.” The company disclosed this in its 2020 Sustainability Report. The company’s sustainability strategy […]

Continue Reading

VAT WAR: LCCI proposes sharing formula to Governments  

By Industrial Digest   “We advise that the current VAT sharing formula for the States and LGAs be adjusted using the factors of equality 20%, population 30%, and derivation 50% going forward”   That’s the reaction of the Lagos Chamber of Commerce and Industry (LCCI) on the ongoing legal rivalry between the federal and some […]

Continue Reading