Edun welcomed Poland’s growing interest in Nigeria’s economy, stating that the country is now better positioned for increased foreign investment due to ongoing reforms and improving economic indicators.
The Imo State Governor, represented by the Commissioner for Trade, Commerce and Investment, Rex Anunobi, expressed gratitude for the gesture extended to the community.
This ban could have severe repercussions, including:- Loss of over N1.9 trillion in investments, primarily from indigenous Nigerian companies.
In a letter thanking President Bola Tinubu for allowing him to serve Nigeria, Nnaji said that he has been a target of blackmail by political opponents, citing some allegations against him, especially certificates forgery.
One of the major announcements from the meeting was the approval of strategic exemptions from the 4% FOB surcharge for several categories of manufacturers.
A visibly agitated plaza owner, who arrived while his shop was being pulled down, screamed from his car that no notice was served before the bulldozers moved in.
The Ministry of Trade, Agribusiness and Industry, COCMAG CEO George Dawson-Ahmoah said that foreign cement brands, particularly from Togo, are increasingly ‘flooding’ the Ghanaian market without undergoing mandatory product certification by the Ghana Standards Authority.
Companies transacting in foreign currency may now pay taxes in naira at official exchange rates.
Adenuga also assured that the Command would intensify collaboration with key government agencies including the DSS, Police, Immigration, NDLEA, NAFDAC, and the military to strengthen border security and foster a more conducive environment for legitimate trade.
Nigeria’s manufacturing value per person is just $216, compared to $645 in South Africa and $524 in Egypt.
