Peter Obi, a former Governor of Anambra State/ LP Presidential Candidate, called on the federal government “to not only discourage more business shutdowns in Nigeria but also encourage a high inflow of foreign direct investment and local investment in the nation.” This’ s his reactions to the exit of Jubilee Syringe Manufacturing (JSM) (the largest…
An item is tagged N800, and when you pick some quantity with a known price, you will be shocked that the price at the pay counter will be over N1000 per item.
2024 is here. What are the themes and trends to watch in the manufacturing sector in Nigeria? Segun Ajayi-Kadir, the Director-General of Manufacturers Association of Nigeria(MAN) , pinpoints the following anticipated developments and trends: ▪︎Dwindling GrowthA quick examination of the trajectory of manufacturing globally portrays a struggling sector that is now more than ever challenged…
There is a bigger picture to see beyond the closure of Jubilee Syringe Manufacturing (JSM) Company Limited which forced the management to have declared the over 200 staff temporarily redundant. In a memo to the staff, the Akwa Ibom State based company, which was commissioned in 2017 by former Vice President, Yemi Osinbajo, told the…
The United Nations Industrial Development Organisation (UNIDO) says that globally, there was a 2.3% growth in industrial sectors, encompassing manufacturing, mining, electricity, water supply, waste management, and other utilities, signalling a post-pandemic recovery. UNIDO, in its 29th edition of the International Yearbook of Industrial Statistics, said that manufacturing accounted for most of this dynamism, with…
Don’t ever compete with your bosses. You will burn your fingers
