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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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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Shareholders approve proposed merger between CCNN, Obu Cement

The Cement Company of Northern Nigeria (CCNN) is in the process of seeking final approval from the Securities and Exchange Commission (SEC) on its proposed merger with Obu Cement Plc, as shareholders unanimously voted in favour of the proposed merger to enhance operating and administrative efficiency. The plebiscite which took place at the Court-Ordered General […]

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FG Backs UNIDO’s $60m Country Plan for Industrialisation

Nigeria’s Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo has welcomed the United Nations Industrial Development Organisation’s (UNIDO) new five-year programme towards the industrialisation of the economy. The UNIDO – Nigeria Country Programme, which covers from 2018-2022, was signed in November 2018, with budget of $60 million. The federal government is expected to provide […]

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Nigeria hosts national forum on AfCFTA this week

  Nigeria, which signed the landmark African Continental Free Trade Agreement in July, is this week hosting its national AfCFTA Forum on the “Effective Implementation of the AfCFTA for Industrialization and Inclusive Economic Development”. The Forum, which runs from 5-6 December 2019 in Lagos, is being co-organized with the United Nations Economic Commission for Africa […]

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Dufil Prima Foods Plc Bags National Productivity Award

  Dufil Prima Foods Plc, a subsidiary of Tolaram Group has received national award for its productivity improvement in Nigeria’s manufacturing sector and excellent performance in corporate social responsibilities at the 2019 National Productivity Order of Merit Award held in Abuja. The Secretary to the Government of the Federation, Boss Mustapha who represented President Muhammadu […]

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