Experts at the just-concluded African Engineering Conference, organised by the Nigerian Society of Engineers (NSE) in Uyo, Akwa Ibom State, have blamed the failure of public-private partnership on weak laws.
The Nigeria’s agricultural sector has received a major boost as the Dangote Group and the OCP Group of Morocco signed an agreement to boost fertiliser production and business in the country.
Nigeria’s Trade Minister identifies strategies to move economy forward at 6th FBNQuest Investor Conference
Minister of Industry, Trade and Investment, Mr. Okey Enelamah, has reiterated government’s commitment to ending the current economic recession through strategic policies such as robust partnership between government and the private sector, support to Micro, Small and Medium Enterprises (MSMEs), as well as intervening in high potential sectors including manufacturing and agriculture.
Against the background of the current paucity of forex in Nigeria, the pan-African conglomerate, the Dangote Group, has said it is currently driving six major projects which will generate foreign exchange earnings of about $15 billion annually for the country.
Reports from a World Bank Group has indicated that more developing countries have improved in the treatment of their citizens with reforms on ease of doing businesses having positive impacts on starting and operations of small and medium-sized businesses.
The Manufacturers Association of Nigeria has called for the adoption of concessionary Forex allocation mechanism to enhance productivity in the nation’s manufacturing sector and be more competitive.
Africa’s richest man and prominent Nigerian business mogul, Aliko Dangote, suffered a major loss, Sunday, when his multi-dollar cement factories in Addis Ababa, the capital of Ethiopia, was set ablaze by unknown persons. No reason has been given for the arson on the huge investment in the Ethiopia by the Nigerian billionaire industrialist.
The Nigerian Economic Summit Group (NESG) has called on the Federal Government to review policy direction on local content for the country to enhance economic growth.
Some workers of Erisco Foods on Wednesday in Lagos embarked on peaceful protest against the management’s plan to shut its production worth about 150 million dollars.
The Bank of Industry (BoI) says that concerted efforts to achieve robust economic diversification will bridge the 56 years of industrial disconnect in the country.