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…
▪︎From right: MAN President Francis Meshioye; Segun Ajayi-Kadir, Director-General of MAN and Chairman of NERC, Sanusi Garba. In the past year, a significant discussion arose involving the Manufacturers Association of Nigeria (MAN), the electricity Distribution Companies (DisCos), and the industry regulator, the Nigerian Electricity Regulatory Commission (NERC). On April 3, 2024, NERC approved an increase for…
▪︎ From left: Segun Ajayi-Kadir, MAN DG; Taiwo Oyedele, Chairman, Presidential Committee on Fiscal Policy and Tax Reforms.; Otunba Francis Meshioye, MAN President The Manufacturers Association of Nigeria (MAN) has expressed its support for the National Bureau of Statistics (NBS) in its initiative to rebase the Nigerian Gross Domestic Product (GDP). However, the association has…
(Business Day) The shutdown of textile companies across Nigeria has weakened Nigeria’s cotton production, pushing the crop into near-oblivion. Cotton is a critical plant-based raw material for textiles, with others being jute, hemp and sisal. Nigeria produces about 51,000 metric tons of cotton from over 300,000 tons in 1980s. The low cotton production is attributed…
The Manufacturers Association of Nigeria (MAN) says that the manufacturing industry and not the services sector is essential for driving real economic growths . Segun Ajayi-Kadir, the Director-General of MAN, affirmed this in reaction to the NBS GDP reports for the third quarter of 2024 in which the Services sector dominated the composition of the…
▪︎Danjuma Waniko, President of GBCN. The Green Building Council of Nigeria (GBCN) has called for addressing carbon emissions in the building sector of the economy. “Cement production alone accounts for 23 percent of Nigeria’s national greenhouse gas emissions,” said Danjuma Waniko, President of GBCN. He disclosed this during the GBCN workshop in Abuja where he…
By Felipe Maciel, Manager, Environment and Climate Change Steel scrap is a vital part of the whole steel industry and its importance in reducing CO2 emissions, conserving resources, and driving the economics of the industry is only growing, but the difficulties in each of the stages of scrap processing pose challenges to steelmakers. The pressure on…
Commerce and Industry Correspondents Association of Nigeria (CICAN) 2024 (L-R): BUKOLA ADEGBOYEGA Bullion Go Neat; William Inya Research Officer, /Representative of the DG NACCIMA, Mr Olusola Obadimu; Okey Nwankwo, Communications/ Media Relations Manager, Dangote Industries Limited; Dr. Cartney Igwe, Former Acting DG, FIIRO; Charles Okonji National Chairman, CICAN; Adefisoye Adekunle Consultant & Financial Analyst, Lagos…
▪︎ Keynote Speaker, Segun Ajayi-Kadir, Director-General of MAN The Commerce and Industry Correspondents Association of Nigeria (CICAN) has chosen “Manufacturing Sector’s $1 trillion GDP target by 2030: Realities & Possibilities,” as its 2024 conference theme. The event will hold at the Radisson Blu Hotel in Lagos on November 21. A statement from the CICAN Secretariat…
