30% value addition bill could create 1.2m jobs — RMRDC
The Raw Materials Research and Development Council, RMRDC, has projected that the proposed 30 per cent mandatory value addition to Nigerian raw materials before export could generate more than 1.2 million skilled jobs within five years. The council said the proposed measure would also promote import substitution, conserve foreign exchange and strengthen local manufacturing. Director-General […]
FG moves to halt industrial disharmony in power sector
THE Federal Government has set up aTechnical Working Group, TWG, to develop operational guidelines on industrial relations for the reformed power sector aimed at establishing a National Joint Industrial Council for the sector.
Investment: Oduzua urges foreign investors to seek credible local partners
Chief executive Oficer of United Bank for Africa, UBA Plc, Mr. Philip Oduzua, has urged businesses and investors from the developed economies, who are desirous of taking advantage of the bourgeoning business and investment opportunities in Africa to seek credible local partners to help them in the process.
Africa must work harder to reduce inequality — Annan
African governments should work harder to reduce inequality that has prevented the benefits of a decade of economic growth from being spread equitably, according to a report by former U.N. Secretary-General Kofi Annan released on Thursday
Oil funds to be accounted for in 16 weeks — FG
PricewaterhouseCoopers LLP and Nigeria’s government auditor will need 12 to 16 weeks to “clarify” what happened to billions of dollars of oil revenue alleged to be missing, Finance Minister Ngozi Okonjo-Iweala said.
Dangote to invest $2.3bn in northern Nigeria
Africa’s richest man, Aliko Dangote said on Thursday he will invest $2.3 billion in sugar and rice production in the north of the country.
