MAN – Nigeria Customs Sign Policy Document for Supporting Manufacturing Sector
One of the major announcements from the meeting was the approval of strategic exemptions from the 4% FOB surcharge for several categories of manufacturers.
One of the major announcements from the meeting was the approval of strategic exemptions from the 4% FOB surcharge for several categories of manufacturers.
” Before, we spent hours picking out stones and foreign materials by hand,” Amadu shares. “It was tiring and time-consuming. Now, machines do that for us.”
A visibly agitated plaza owner, who arrived while his shop was being pulled down, screamed from his car that no notice was served before the bulldozers moved in.
Ms Biene, President of AAAM, said ” Afreximbank has been a phenomenal partner in our quest to drive growth and industrialisation of the automotive industry on the continent.
Ajayi-Kadir emphasised that while the government sees the tax stamp as a way to curb smuggling and counterfeiting, and to enhance transparency, the global evidence does not support its efficacy.
The Association urges the Nigeria Customs Service (NCS) to swiftly communicate the directive to all relevant commands, so that the charge will go off its portal.
The Minister of Education, Tunji Alausa, stressed that the reform aims to produce a workforce that is both technically skilled and industry-ready.
The World Maritime Day theme for 2025 “Our Ocean, Our Obligation, Our Opportunity” reflects the ocean’s vital role in the world economy, with more than 80% of global trade transported by sea.
Dr. Yemi Kale, Afreximbank’s Group Chief Economist & MD, Research, emphasised that if Africa merely doubles its R&D spending to 1% of GDP by 2030, we could unlock an estimated $60–70 billion annually in additional value across agriculture, digital technology, and manufacturing.