We want to bridge the gap, to make affordable clothes but we find out that the ones we produce are more expensive, how are people going to buy? If Shirt A is imported and sells for N6,000 while Shirt B is locally made and goes for N10,000 because of the cost of production, which one would you rather buy? These are the factors I look at as an individual. The aim of this whole thing is about profit meaning if you can’t make profit, the business closes down. You are not running a charity organisation, you are in the business to make money and when there is no profit, by the time you do it once or twice, you pack up.

“We are moving away from the oil sector and hoping that these investors can fit into these areas mentioned because some of these areas are the priority of the government especially the agricultural sector. The agriculture sector as you know, is the one that provides the most jobs.” The investments, according to the leader of the Nigerian consortium coordinating the Chinese firms, Gen Chiemeka Egbemena are mainly companies involved in petroleum, iron and steel, agricultural and manufacturing sectors, as well as free trade zone.

A new report issued by the Food and Agricultural Organisation (FAO) and the Organisation for Economic Co-operation and Development (OECD) said the real prices for global agricultural products would continue their gradual decline over the coming decade. The report, “OECD-FAO Agricultural Outlook 2015-2024” indicated that decline in prices would be as a result of a combination of strong crop yields, higher productivity and slower growth in global demand.

Shareholders have berated the low attendance of members at Annual General Meetings, AGMs, just as they tasked the Securities and Exchange Commission, SEC to make policy directing companies to repackage proceedings at meetings. The shareholders, under the aegis of Proactive Shareholders Association of Nigeria, PROSAN who spoke to Vanguard said “We have observed that less than 2 per cent of the shareholders of quoted companies attend their companies’ AGM globally.”

The Pharmaceutical Manufacturers Association of Nigeria (PMGMAN), has raised dust over the New Drug Distribution Guideline, NDDG, and Common External Tarrif, CET, saying that they are threats to the survival of the local pharmaceutical industry.