The Manufacturers Association of Nigeria (MAN) is reaching out to the Federal Government with a request for immediate engagement with the Nigeria Customs Service to reconsider the implementation of the 4% Free-on-Board Levy and the NPA’s 15% Ports Tariff. Segun Ajayi-Kadir, the Director-General of MAN, emphasized the need for collaboration on Tuesday, expressing the Association’s…
The Pan African Manufacturers Association (PAMA) is looking forward to the top ten countries on the continent that are poised to attract significant foreign direct investment inflow in 2025. PAMA has identified these promising nations by analyzing their GDP, inflation, exchange rate, and interest rate trends over the past two years. Engr Mansur Ahmed, the…
The Manufacturers Association of Nigeria (MAN) is imploring the Nigerian Ports Authority (NPA) to shelve the proposed 15% tariff increase and instead collaborate with stakeholders to explore sustainable alternatives for revenue generation. Speaking through its Director-General, Segun Ajayi-Kadir, MAN, said ” While we acknowledge the need for revenue generation, increasing port tariffs in the current…
The Nigerian Ports Authority (NPA) says on Thursday that it has secured the government’s approval to raise ports tariffs to 15 percent. In a statement on the Ports page via X , NPA said :” This adjustment, the first since 1993, is intended to enhance the efficiency and competitiveness of Nigerian ports. The 15% upward…
The Manufacturers Association of Nigeria (MAN) has observed that more than ten years after, the privatization of the electricity industry has not yielded the desired results for the economy. ” The advice would be that the government should conduct a review of the performance of the DisCos after the last unwarranted increase; conduct a study…
President of Dangote Group, Aliko Dangote, says that the government stands to gain substantially when the private sector flourishes, noting that 52 kobo (52%) of every naira Dangote Cement generates goes to the government. Dangote made the comment during a visit by the Nigerian Economic Summit Group (NESG), team to both Dangote Fertiliser Limited and…
Aliko Dangote, President of the Dangote Group, has emphasized the importance of the Federal Government’s support for domestic industries to mitigate unfair competition and reduce reliance on imports. He referenced successful strategies employed by countries such as the Benin Republic, the United States, and China as benchmarks for safeguarding local industries. During a recent visit…
The Chartered Accountants of Nigeria (ICAN) has commended the Federal Inland Revenue Service (FIRS) for being the largest employer of chartered accountants in the country. “Out of the 66,000 chartered accountants in the country today, more than 2,800 are in FIRS, the largest by any government agency,” said Davidson Alaribe, the President of ICAN. Alaribe…
