Buhari Queries Nanono over Fertilizer Import Waivers

  Cancels licenses, CBN warns banks, forex dealers against violations of fertilizer initiative   President Muhammadu Buhari has queried the Minister of Agriculture, Alhaji Sabo Nanono, for issuing import wavers to some companies to import fertilizer into the country contrary to the presidential fertilizer initiative policy, which focuses on increasing local production capacity for the […]

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Specialists, association suggest ways to make cocoa highest forex earner in Nigeria

♦      Breeders, farmers advocate return of modified cocoa boards COCOA Farmers’ Association of Nigeria (CFAN), breeders and administrators have challenged the government to revive cocoa production as a top foreign exchange earner with proactive interventions. The proactive interventions, they argue, include a modified coordinating board, structured investments, adoption of latest high-yielding varieties, seed […]

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Nigerian Industrial Clusters Are in Poor State

   “Nigeria has over 30 industrial clusters which include Aba Leather Cluster (Abia State) , Amuwo Odofin Cluster (Lagos), Apapa Cluster (Lagos), Ikeja Cluster (Lagos), and Sharada Cluster (Kano), Otigba Cluster (Lagos), Leather Cluster (Kano), and Spare Parts Cluster (Nnewi), among many others. Some free trade zones are also referred to as industrial clusters”   […]

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Manufacturing: Reasons Steel, Automotive Industry in Nigeria Are Sectors to watch in 2020  

  Nigeria Industrial Digest has analyzed and picked the Basic Metals, Steel, Iron & Fabrication and Automotive Industry as the sub sectors to watch in 2020. See reasons. Data from Manufacturers Association of Nigeria,  Central Bank of Nigeria and the country’s statistical body, National Bureau of Statistics, have shown that year -in- year –out  Steel […]

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Driving Nigeria’s readiness for AfCFTA implementation

Nigeria looks good to latch on the African Continental Free Trade Area (AfCFTA) Agreement to facilitate economic growth and diversification, create jobs and wealth for investors and businesses. Ahead of the implementation of AfCFTA, which begins in July 2020, preparations are in top gear to ensure Nigeria benefits optimally from the trade liberalisation deal. Already, […]

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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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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, Russia sign pact on fertilizer production

Nigeria and Russia have signed an agreement on the supply of potash, a major raw material for the production of fertilizer. The Managing Director of the Nigeria Sovereign Investment Authority (NSIA), Mr Uche Orji, signed the agreement at the Presidential Villa, Abuja on behalf of the Nigerian Government, while Mr Dmitry Konyeaev signed on behalf […]

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