” In our budget proposals for 2025, we estimated over N531 billion for capital expenditure but was allocated a mere N9 billion. This is unacceptable, as it will hinder any significant investment in exploration, which is crucial for generating the geo-data that will attract major players.” Those were the words of the Minister of Solid…
Lagos State Governor, Babajide Sanwo-olu has hinted of developing the unsued spaces in Ikorodu Industrial Hub at Odogunyan. “It is important that the unused spaces are transformed into a vibrant center for innovation and social impact, as this aligns with our larger plan for industrial growth. Our aim is to create opportunities, attract investments, and…
The Federal Government has officially begun the implementation of the 2024 Withholding Tax Regulations. The new regulation exempts manufacturers, SMEs, and farmers from withholding tax obligations, a measure aimed at strengthening these critical sectors to ensure their sustainability and long-term growth. The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele,…
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President Bola Tinubu has reiterated his administration’s plans to reduce inflation from its current high of 34.6 percent to 15 percent in 2025. President Tinubu, in his New Year messages, admitted that 2024 posed numerous challenges to Nigerians and households. He said that 2025 will bring brighter days, adding, “By the grace of God, 2025…
The Manufacturers Association of Nigeria (MAN) called on the Governor of Lagos State, Babajide Sanwo-Olu, to use his good office to order the immediate reopening of the closed factories of Nigerian Bottling Company, FrieslandCampina, and Guinness Nigeria Plc, by the Lagos State Water Regulatory Commission (LASWARCO). Mr Adewale-Smatt Oyerinde, the Director-General of Nigeria Employers’ Consultative…
71 Countries produced 146.8 million tonnes of crude steel in November 2024, a 0.8% increase compared to November 2023, according to the the World Steel Association (worldsteel). Crude steel is the first stage in the steel production process, representing the raw form of steel before it undergoes further refining and shaping. In the analysis of crude…
A former Director of the Raw Materials Research and Development Council (RMRDC), Dr Nandom Abu has been appointed as the Director of the Materials Development Institute (MDI) Keffi, Nassarawa State. The Materials Development Institute (MDI) is a collaborative initiative of the Raw Materials Research and Development Council (RMRDC) Abuja and Nasarawa State University Keffi (NSUK)….
By FAO This holiday season, let’s pave the way for a better year by working toward sustainability, in all areas of life. During the end-of-year holidays, when fortunate, we spend more time with family and friends, cooking, exchanging gifts, or traveling to meet loved ones. All of these actions can be done in a more…
How to enhance seamless trading between the United Kingdom and Nigeria was the focus of a Train the Trainers workshop for stakeholders in Nigeria. The workshop was put together by the National Quality Council (NQC) in collaboration with the British Standards Institute (BSI). Public sector participants in the workshop were drawn from the National Quality…
