Some time ago, a friend of mine living in Lagos State told me that whenever he is on business travels to Aba, Abia State, he doesn’t drink water or tea neither in the hotel he lodges nor buys from the shops outside. Curiously, I asked him why.? “They are fake products,” he replied. He added,…
NAFDAC says it has cleaned up and shutdown the Cemetery market Aba regarded as the most dreaded and hitherto safe haven for the largest cartel ring for the manufacture of fake wines and beverages in Africa. NAFDAC also confiscated adulterated wines, fake food, and beverages valued at over N5 billion. Prof Mojisola Adeyeye, the NAFDAC…
The Raw Materials Research and Development Council (RMRDC) has officially launched its Quarterly Statistical Bulletin Series, a strategic initiative designed to transform Nigeria’s industrial landscape. This publication aims to serve as a foundational resource for data-driven policy formulation and a critical instrument for industrial advancement in Nigeria. During the launch event held in Abuja over…
Dr. Olubunmi Kole-Dawodu, State Manager for the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has disclosed that Lagos is home to over 50 million informal businesses. This announcement was made during a recent stakeholders’ forum on Economic Data Performance, organized by the Lagos Bureau of Statistics (LBS) at the Lagos Chamber of Commerce…
▪︎NIGERIA’s Minister of State for Industry, Trade and Investment, John Owan Enoh, and the Republic of Benin, Minister of Commerce and Industry, Shadiya Alimatou Assouman. NIGERIA’s Minister of State for Industry, Trade and Investment, John Owan Enoh, has emphasized the urgent need for Nigeria and the Benin Republic to identify a suitable core investor promptly…
Leaders and entrepreneurs in the South-East private sector are united in their determination to establish businesses that will drive economic transformation in the region. Among those at the forefront of this initiative are Dr. Cosmas Maduka, President and CEO of Coscharis Group; Mr. Johnson Chukwu, Managing Director and CEO of Cowry Assets Management Ltd; Etemore…
▪︎Dr Jumoke Oduwole, Minister of Industry, Trade and Investment Chief of Taiwan Mission at the Taipei Trade Office in Nigeria, Andy Yih-Ping Liu, says that the trade volume with Nigeria has enormous potential for growth as many Taiwanese investors are waiting for the renewal of the bilateral agreement, which would provide a legal framework for…
” 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,…
