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.
“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.”
Brazil leads in South America with $300 billion in manufacturing value.
Its industrial economy is anchored by automotive production, food processing, chemicals, and aerospace, particularly through companies like Embraer.
Despite the increase in operating expenses, BUA Foods achieved a 124% profit after tax to N125.28bn in Q1 2025, compared to N55.82bn in Q1 2024.
The Group Managing Director/CEO Lolu Alade-Akinyemi highlighted the company’s dedication to innovation, sustainability, and operational excellence.
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.
How many pieces of wood make a boat?
It depends on the size of the boat. For a big boat with 8-10 passenger capacity, we use about twelve pieces of wood. The small boat takes between 6-7 pieces of wood.
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)
The groundbreaking ceremony was recently performed by the Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, with targets to commission the completed plant by April 2026.
The discussion focused on the current regulatory reforms affecting the growth and stability of the sector.
