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.

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.

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.

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.

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.

Calabar – The Minister of Information and Culture, Alhaji Lai Mohammed said on Thursday in Calabar that Nigeria was gradually moving toward technological independence .

Alessandro Corticelli, is the Sales Director, , Middle East Africa and Turkey, MEA&T, Adhesives, the Dow Chemical Company, the largest polyethylene, resin and adhesives producer in the world.

By Chris Ochayi ABUJA— Eminent Nigerians have unanimously called for urgent diversification of the economy, yesterday, with specific attention on developing the road and rail network, ICT, and solid minerals in order to end the poverty ravaging the country. The renowned persons, who gathered at the recent symposium of The Osasu Show in Abuja, voiced […]

The Manufacturers Association of Nigeria (MAN) has kicked against the threat to arrest 30 Chief Executive Officers of some of its member companies by the Senate Committee on Customs, Excise and Tariff, over N30 trillion revenue leakage in the import and export value chain between 2006 and 2017.

The Manufacturers Association of Nigeria, MAN, has said that not less than 75 manufacturing firms from about 150 in its membership list in the South East had shutdown in the last five years over bad access roads, poor infrastructure and others.

THE Federal Government has set average growth rate target of 8.5 per cent to 10.6 per cent for the manufacturing sector over the next four years under the Economic Recovery and Growth Plan, ERGP.

MANUFACTURERS Association of Nigeria (MAN) has disclosed that investments in backward integration projects have boosted local content by 53.17 per cent. Investigation by Vanguard showed that Nigerian Breweries Plc, has been procuring 99 per cent of its packaging materials from local suppliers. The company also procured 60 per cent of its cassava starch and 100 per cent of sorghum from indigenous suppliers.

PHILIP Morris Limited (PML), the national affiliate of Philip Morris International (PMI) in Nigeria has entered into a strategic partnership with International Tobacco Company Limited (ITC) to manufacture one of PMI’s leading brands in Nigeria.