FG to Quarterly Evaluate Ministries on Local Procurements Compliance
The ‘Nigeria First’ policy isn’t completely novel; it’s a reinterpretation. It represents the President urging the country to prioritize Nigeria.
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Local Automobile Industry Patronage Bill scales 2nd reading in Senate
Leading the debate, Senator Ndubueze said that the bill sought to make it mandatory for Ministries, Departments and Agencies to give priorities to local manufacturers and indigenous companies in the procurement of goods and services
Meta Quitting Nigeria Threatens 20 Million Businesses on Facebook and Instagram
“My shop practically lives on these platforms, especially Instagram,” Lagos-based baker Fatima Tunde said. “If it’s gone, I’m out of business.”
“Nigeria First” Policy Can Propel Economy to Full Potential – MAN
The new directive is long overdue, and the government, being the biggest spender, would do well to lead by example.
This will certainly send the right signals and raise consumer confidence in made-in-Nigeria products.
“Nigeria First Policy” Excite Manufacturers
“President Tinubu has proposed that we will no longer just sit there and allow importation to come into this country where there is the capacity for production of these commodities locally.”
Coca – Cola Nigeria to pay N190 million misleading Fines Within 60 Days
Upholding the FCCPC’s five-year investigation, findings, and imposed penalties, the tribunal ruled that NBC’s conduct constituted misleading practices in violation of Nigerian law.
FG Setting up New Cotton and Textile Dev Board
The board, when set up, will be domiciled in the Presidency, private sector-driven, with the representation of the relevant public sector stakeholders, and funded from the Textile Import Levy being collected by the Nigeria Customs Service (NCS)
Dangote Accepts World Bank’s Appointment
The President and Chief Executive of the Dangote Group, Aliko Dangote, says he has accepted his appointment to the World Bank’s Private Sector Investment Lab, joining a select group of global business leaders tasked with driving investment and job creation in emerging economies. In 2023, the Prime Minister of Canada, Mark Carney, co-chaired the Private…
CPPE Spots Flaws in Raw Materials Bill, Calling for its Withdrawal
The Centre for the Promotion of Private Enterprise (CPPE) has critiqued the Raw Materials Research and Development Council [RMRDC] Bill in the National Assembly, calling for its withdrawal. The RMRDC Bill proposed by Senator Peter Onyekachi Nwaebonyi, which aims to ensure local processing of at least 30 percent of Nigeria’s raw materials before exportation, has…
LCCI Attracts Chinese Paper Manufacturers ‘NIXIN’ to Invest $60m in Nigeria
The Managing Director of NIXIN Paper Mill, Eric Wang, highlighted the potential of Nigeria’s paper industry, comparing it with his hometown in China, with a population of just 300,000, supporting a paper factory that consumes over 20,000 tons monthly. The Lagos Chamber of Commerce and Industry (LCCI) attracted over $60 million investment into the Nigeria’s…