Supporting manufacturing for national empowerment
BY ARIZE NWOBU Manufacturing is the very essence of the secondary sector of the economy. It entails the production of goods through the use of labour, machines and tools and in other ways. It helps in the modernisation of agriculture, which is primary and foundational in economic growth and development. Manufacturing leads to urbanisation, job […]
National Assembly will promote bills to enhance manufacturing sector – Sen. Egwu
Sen. Sam Egwu, the Chairman, Senate Committee on Industries, has reaffirmed the National Assembly’s commitment to promote bills that would position manufacturing sector toward driving the nation’s economic growth and recovery.
Manufacturing expo attracts 3,000 foreign, local participants
Over 3000 international and local equipment manufacturers from Germany, Turkey, Indonesia, Italy and China including member-companies from multinationals, large, Small and Medium Industries, SMIs, have confirmed participation for the 2018 edition of the Nigeria Manufacturing Equipment, NME, Expo.
Tackle manufacturing, rail, others, Nemedia charges FG
An Economist, Mr Chris Nemedia, says the Federal Government can achieve higher growth rate in 2018 if it pursues its policies on manufacturing, mining, rail network, among others.
Innoson to begin manufacturing of high-end, affordable vehicles in 2018
ABUJA—THE Chairman of Innoson Group, Dr. Innocent Chukwuma, weekend, disclosed that the company would commence the manufacturing of affordable and quality vehicles in Nigeria by 2018.
Q3’17: 22 manufacturing companies borrow N839.2bn
Amidst the country’s economic recovery phase and inability to raise long term capital from the Nigerian capital market, top 22 manufacturing companies listed across the sub sectors on the Nigerian Stock Exchange, NSE were constrained to borrow about N839.2 billion in expensive and short term loans from banks and other financial institutions to bridge funding gaps, in the nine months financial period ended September 30 (Q3’17), 2017.
