Manufacturers deepen local raw materials sourcing, up 11% in 3yrs
By Yinka Kolawole Nigeria’s manufacturing sector recorded a steady increase in the use of locally sourced raw materials between 2021 and 2024, with the share rising from 51.5 per cent in 2021 to 57.1 per cent in 2024, as foreign exchange pressures, naira depreciation and rising import costs pushed manufacturers towards domestic alternatives. Data from […]
Expert asks FG to go back to economic policies of 1960s
The Global Trade Forum, a non-governmental Organisation (NGO) has said that economy policies of the 60s will assist the Federal Government in diversifying the economy.
Agrofood Fair’ll contribute to food diversity, safety —Martin Maerz
The upcoming agrofood & plastprintpack Nigeria 2015 Trade Fair will contribute to a more diverse offering in food products and improved food safety in the country, says Mr. Martin Maerz, Managing Director, fair-trade, the organizing company from Germany of agrofood & plastprintpack Nigeria 2015.
Govt borrowing distorting the economy – LCCI
The Lagos Chamber of Commerce and Industry, LCCI, has said that increased government borrowing from the domestic financial markets has become a major source of distortion of the financial inter-mediation process in the Nigerian economy.
BoI chief proposes reverse engineering for economy
The Managing Director Bank of Industry (BoI) has called for the adoption of Reverse Engineering by our local scientists and engineers in order to move the country forward technologically, asserting “Technology transfer is not going to work.”
Nigeria set to enhance agro-allied products export earnings
The era of Nigeria’s agro allied products being rejected in international markets are now coming to an end as the country is set to go places in terms of export promotion and high investment portfolio.
