Mr. Oladapo Sulu, President, Engineering Forum of Nigerians (EFN), United Kingdom (UK) on Thursday has promised to team up with local manufacturers and engineers to increase access to markets abroad and boost export. The EFN-UK President pledged this at a hybrid monthly seminar organized by the Nigerian Institution of Mechanical Engineers (NIMechE), with the theme: Read More…
Manufacturing
Russia-Ukraine war: MAN demands removal of 7.5% VAT on diesel
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to remove the 7.5 per cent Value Added Tax on diesel until the international supply system normalises. It noted that the economy had been affected by several negative factors, including the ongoing Russia-Ukraine war and urged the government to convene a stakeholders’ meeting to Read More…
Manufacturing contracts in 2020, industrialists unsure of 2021
Like many governments, the Nigerian government has identified industrialisation as the tool to generate tangible nonoil revenue, increase employment opportunities, and contribute maximally to GDP. As part of government’s efforts at engendering sustainable economic recovery, some fiscal and monetary policies were rolled out, particularly to benefit Micro, Small and Medium Enterprises. In spite of the Read More…
Nigeria’s manufacturing sector records growth, according to CBN PMI
The October Purchasing Managers’ Index for the manufacturing sector stood at 49.4 index points, indicating a reversal of five consecutive months of contraction which started in May. This is according to the result of PMI survey released by the Statistics Department of Central Bank of Nigeria (CBN) on Tuesday. The manufacturing PMI for the month Read More…
FG plans to train Nigerians on art of making Gold Jewellery
The Federal Government says it is making plans with foreign experts to train some Nigerians in the art of Gold Jewellery making. Mr Olamilekan Adegbite, Minister of Mines and Steel Development, made this known while briefing newsmen on the recently launched Presidential Artisanal Gold Mining Development Initiative (PAGMI) on Tuesday in Abuja. PAGMI is a Read More…