Manufacturing investment in Nigeria down 76%

* Engr. Mansur Ahmed MAN President   …Unsold inventory up 43.5% …Capacity utilization drops to 49.5% (Vanguard) THE total manufacturing investment in Nigeria dropped by 76.11 per cent in 2020 to   N118.52 billion from N496.11 billion   achieved in 2019, even as unsold inventory increased by 43.5 per cent within the period.  The unsold inventory represents […]

Continue Reading

Nigeria: Senate to Establish Bitumen Training Institute in Ondo

    The Senate on Wednesday began the process of establishing a bitumen training institute in Ode Aye in Ondo State. The Vanguard reports that Bitumen Training Institute Ode Aye, Ondo State (Establishment) Bill, 2021 ( SB.663) sponsored by Senator Nicholas Tofowomo, Peoples Democratic Party, PDP, Ondo South was introduced today and read the first […]

Continue Reading

Nigeria:   Govt moves to tax Malts , carbonated drinks 

  By Franklin Alli   ” One of the reasons for us to tax carbonated drinks is that, if we tax alcoholic beverages and tobacco because they are injurious to our health, carbonated drinks, with the content of sugar, are equally injurious to our health.” The Controller-General of the Nigeria Customs Service (NCS), Col. Hameed […]

Continue Reading

Can renewable energy sources meet the demand of manufacturers?

By Franklin Alli In Nigeria, the manufacturing industries rely 40 percent on electricity provided by the government, through the Power Holding Company of Nigeria (PHCN), and 60 percent on alternative sources of energy, especially natural gas, coal, petrol, and diesel-fired generators. The Manufacturers Association of Nigeria (MAN) said that top on the list of challenges […]

Continue Reading

NESG says infrastructure deficits may hinder Nigeria from AfCFTA benefits

  By Henry Daniel ” So for us to gain from the African Continental Free Trade Area Agreement (AfCFTA), we need to adopt what is called “Value Chain Development; already we are investing less than ten percent yearly in what we are supposed to invest in infrastructure. So the structure is very poor. Investors would […]

Continue Reading

How Nanoemulsion Technology Is Drastically Affecting the Food & Beverage Industry

  PALM BEACH,  Fla., /PRNewswire/ — In the past several years, there has been a steady increase in the global nanoemulsion in the food  & beverage market, and many reports continue to project a continued growth pattern in the next several years. The factors driving the market growth are projected to be the rising demand for […]

Continue Reading

Investors put BPE, Transactions Adviser on hot seats over LITFC, TBS concession issues

  By Franklin Alli   During the recently held National Council of Privatisation Investors Webinar for the concession of Lagos International Trade Fair Complex (LITFC), and the Tafawa Balewa Square (TBS), organized by the Bureau of Public Enterprises (BPE), potential investors in the facilities, voiced their concerns over some issues with the previous concessions, among […]

Continue Reading

Quality of air, water, land worsened in India’s industrial clusters

State of India’s environment: Quality of air, water, land worsened in India’s industrial clusters A new monitoring mechanism is indicating that industrial pollution levels continue to worsen in India. Down To Earth (downtoearth.org.in), reported that an evaluation of 88 industrial clusters identified by central and state pollution control boards (CPCB and SPCBs) as polluted industrial […]

Continue Reading

LCCI may emerge as the preferred concessionaire for TBS

  By Franklin Alli    There is a strong indication that the Lagos Chamber of Commerce and Industry ( LCCI) may likely emerged as the preferred concessionaire in the ongoing concession exercise of the Tafawa Balewa Square, TBS, one of the iconic trade and entertainment exhibition centers in Nigeria. Although, the chamber had not officially […]

Continue Reading

Nine African nations on track to join solar ‘gigawatt club’

  Algeria emerging as the continent’s third ‘solar champion’ after South Africa and Egypt Down-to-earth.org.in reported that of the 37 countries that are part of the solar ‘gigawatt club’, only two — South Africa and Egypt — are from Africa. But this might change soon with nine more African countries ramping up solar capacity, said […]

Continue Reading