‘Manufacturing Expo To Boost Value-chain Activities, Access To Global Markets’
The Manufacturers Association of Nigeria (MAN) has stated that its upcoming Nigerian Manufacturing and Equipment Expo would boost activities in the value-chain sector as well as improve access of small businesses to new markets. According to MAN President, Frank Jacobs, the event is principally targeted at Small and Medium Enterprises (SMEs) to equip them with information on new processes on ways of boosting their production output, reducing cost, improving product quality and manufacturing for new markets. Scheduled to hold on the 14th to 16th of March, 2017, at the Landmark event centre in Lagos, the expo is expected to equip and build capacities of small businesses with the requisite skills needed to access new markets across the globe.
Nigeria To Cut Stake In Oil Assets Under Buhari’s Growth Map
Nigeria plans to sell portions of its oil assets to help fund President Muhammadu Buhari’s four-year program to lift the economy from its worst slump in a quarter century and create 15 million jobs. Buhari proposes in a 2017-2020 economic blueprint to reduce the government’s stake in joint-venture oil assets and other holdings. Selling them will “optimise their efficiency and reduce fiscal burden on the government,” according to the proposal posted on the Ministry of Budget and National Planning’s website. Lenders including the World Bank are awaiting the plan to conclude funding facilities for Africa’s second-biggest oil producer.
BoI urges patronage of home-made goods
To sustain growth recorded in the industrial sector and promote development spending, the Bank of Industry (BoI) has advocated patronage of locally manufactured goods, especially goods with high local content. Indeed, the Bank as part of its commitment to the manufacturing sector, also reaffirmed its objective to increase developmental financing to the real sector and enhance capacities of local production firms to drive economic growth. Acting Managing Director of BoI, Waheed Olagunju, stressed that the panacea to the country’s present challenges is hinged on improved industrialisation of its economy.
Nigerian Ports Get Improved Safety Standards
The United States Coast Guard (USCG) has declared that safety status of the Nigerian ports as improving, commending the level of compliance with International Ship and Port Facility Security (ISPS) Code. The USCG team, which was in Nigeria to examine the level of compliance with the international ISPS code assured of their support to Nigeria towards achieving a safer ports, jetties and terminals. The leader of the delegation of the United States Coast Guard, Commander Thomas Foster, commended Nigerian Maritime Administration and Safety Agency (NIMASA) for its strides in ensuring safety at the ports and expressed satisfaction with the infrastructural development as regarding ISPS Code implementation in the ports visited in Lagos.
Lagos Certifies 11 Auctioneers, Frowns Upon Industry Quacks
The Lagos state government has given auctioneering licenses to 3A auction house and 10 others. Rotimi Ogunleye, commissioner for commerce, industry and cooperative, gave the licences to the auction houses after the passage of a law by the state government regulating activities of auctioneers. Ogunleye said auctioneers contribute positively to any economy and that is why quacks would not be allowed to operate the business. “It is now mandatory by the laws of Lagos State for any auctioneer doing business in the state to be duly licensed by the ministry of commerce, industry and cooperative,” he said.
Award Oil Blocks, Refineries’ Licenses To Oil Communities – HOSTCOM Tells FG
Oil-producing communities, under the auspices of Host Communities of Nigeria, Producing Oil and Gas (HOSTCOM) have called on the Federal Government to immediately allocate 10 oil blocks to its nominees and stakeholders and also award licenses for its proposed ten modular refineries with capacities ranging from 1,000 to 3,000 barrels per day.
Minister: FG’s Plan For Workers To Own Houses At Advanced Stage
The federal government has said that its plan for public sector workers to own their own houses has now reached advanced stage. The Minister of State Power, Works and Housing, Alhaji Mustapha Baba Shehuri, made this known in Minna Niger State at the commissioning of the Federal Mortgage Bank- Sea Mountain 133 unit housing estate on Tuesday. The federal government has said that its plan for public sector workers to own their own houses has now reached advanced stage.
International Women’s Day: IWPG Harps On Dangers Of Female Genital Mutilation
The International Women’s Peace Group (IWPG) yesterday stressed the importance of women and the strategic roles they play in society with an injunction that Female Genital Mutilation (FGM) is dangerous to the health of women in all climes and cultures. This was the focus of this year’s IWPG forum, held in Lagos to commemorate the International Women’s Day (IWD) with the theme: Female Genital Mutilation. It also doubled as workshop for women and girls in society. The South Korean-based non-governmental organisation (NGO) was founded by Mrs. Nam Hee Kim to foster peace in the society through women.
2 Nigerians Make The 2017 Baileys Fiction Prize Long-list
The 2017 Baileys prize for women’s fiction longlist has been announced and not one, but two Nigerian women are on the long list- Yewande Omotosho with her Woman’s Next Door and Ayobami Adebayo’s Stay With Me. The announcement of the Baileys longlist coincided with the celebration of International Women’s Day.
Italy Deports 37 Nigerians
The Italian government has deported another batch of Nigerians for committing immigration-related offences in the country, just two weeks after it deported 33 Nigerians. The fresh 37 deportees arrived at the Murtala Muhammed International Airport (MMlA) Lagos, on Tuesday night. The deportees,who are all males, were brought back in a chartered aircraft with registration number OM-IEX. DSP Joseph Alabi, the spokesman of the Lagos Airport Police Command, confirmed the development.