The Lagos State Government has unveiled its new Industrial Policy (2025-2030) to foster a sustainable industrial environment. Commissioner for Commerce, Folashade Ambrose presented the policy during the Lagos State Industrial Policy Consultative Assembly at Alausa Ikeja. Ambrose emphasized the need to realign industrial strategies with modern economic trends, sustainability, and global competitiveness. The policy aims…
The official manufacturer and marketer of the Peugeot brand of vehicles in Nigeria, Dangote Peugeot Automobiles Nigeria Limited (DPAN), has taken another bold step towards regaining its leadership position in the auto market. This time, DPAN has commenced the assembly of the GT model of the wave-making Peugeot 3008, which has hit commercial success and…
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…
