The TikTok USDS Joint Venture LLC will serve more than 200 million users and 7.5 million businesses while implementing strict safeguards for data protection and content moderation, the company said.
In the report published on 20 January , Unctad, said that the demand for data centers investment was driven by AI infrastructure and digital networks.
Oyedele addressed the manufacturers recently at a forum organised by the Manufacturers Association of Nigeria (MAN), themed, “From Legislative Assembly to Factory Floor: What the New Tax Laws Mean for Nigerian Manufacturers.”
The beneficiary companies include Nigeria Machine Tools Limited, Nigerian Foundries Limited, Momas-Epail MIC (MEMCOL) Limited and the National Agency for Science and Engineering Infrastructure (NASENI).
Under the vision, the group is targeting a cement production capacity of approximately 90 million tonnes by 2030; expand its petroleum refinery from 650,000 barrels per day to 1.4 million barrels per day , and expanding its fertiliser plant from three million to 12 million metric tonnes per annum, while the polypropylene plant is being scaled up from 900,000 tonnes to 2.4 million tonnes per annum.
Oduwole emphasised that the deal signed after intense negotiations, complies with WTO, AfCFTA, and ECOWAS rules., and immediately clears the path for duty-free entry of key agricultural, seafood, and industrial goods into one of the world’s richest markets.
“Our objective is to create a tariff regime that supports local manufacturers, strengthens value chains and promotes sustainable industrial expansion…”
MTN Nigeria said that this investment was strategically directed at capacity enhancement to reduce congestion and to deliver ultra-fast broadband to households through FTTH.
Yuqing made the disclosure in an address during the Lagos Forum New Year Media Symposium, where she reviewed bilateral relations and outlined prospects for deeper cooperation in 2026.
The Chairman of the ZACCIMA Caretaker Committee, Alhaji Hassan Buhari Tafidan Maradun, defended the government’s action, saying the intervention became necessary due to alleged irregularities within the chamber’s leadership.
