Locally made Goods key to Economic Stability –Group

The National Coordinator, Initiative for Leadership Development and Change (ILDC), Ugochukwu Nnam, on Saturday said promotion of local content would guarantee self sufficiency and economic stability in Nigeria.

Nnam told the News Agency of Nigeria in Abuja that the production and utilisation of Nigerian made goods and services was capable of eliminating over dependence on importation.

The coordinator called on Nigerians, especially leadership at all levels, to support President Muhammadu Buhari’s policy on local content.

Nigeria to Sign Continental Africa Free Trade

President Muhammadu Buhari says Nigeria would sign an agreement on the Continental Africa free trade Area next month in Rwanda.

The purpose is to prioritise trade as a significant instrument for reform in the Country.

He stated this at the opening ceremony of the 39th Kaduna International trade fair, holding in Kaduna.

He further disclosed that, the purpose of the agreement will be to promote regional trade.

NEXIM Invites SMEs to Access ₦550b Funds

The Nigerian Export-Import Bank (NEXIM) has invited export-oriented Small and Medium Entrepreneurs (SMEs) in the South-East and Delta States to access the N500 billion Export Stimulation Facility (ESF) and the N50 billion Export Development Fund to boost their businesses, create jobs, and contribute to the foreign exchange revenue earnings of the country.

The facilities were made available to NEXIM Bank last December by the Central Bank of Nigeria (CBN) for lending at a maximum of 9 percent interest rate.

Buhari Signs Order to Boost Local Production, Employment

Nigeria’s President Muhammadu Buhari signed an executive order on Monday aimed at boosting the domestic production of goods and creating jobs in science, technology and engineering in the west African country.

Buhari, a 75-year-old former military ruler, has frequently spoken about ending the OPEC member’s dependence on oil exports while also creating jobs by boosting local food production, Reuters reports.

Job Creation: FG Should Reduce Taxes for Investors

An entrepreneur, Ndubuisi Emenike, has urged the Federal Government to reduce taxes for investors in order to create more job opportunities, as well as tackle the problems besetting the power sector decisively.

Emenike, who is the President of Ndubuisi Emenike Foundation, made the call in an interview with the News Agency of Nigeria in Abuja on Wednesday.

He said that stable electricity supply would encourage more investors to set up businesses in Nigeria.

FG sets aside ₦5b for Local Miners –Fayemi

The Federal Government has set aside N5 billion to empower artisan miners across the country as part of measures to ensure participation of all Nigerians in economic development.

The Minister of Mines and Mineral Resources, Dr. Kayode Fayemi, disclosed this on Saturday when he inspected the gold mining site at Garin Awal at Fakai Local Government Area in Kebbi State.

Institute Makes Case for Made-in-Nigeria Goods

The National President, Polymer Institute of Nigeria (PIN), Prof. Paul Mamza, has advised the Federal Government to provide financial support and equipment to manufacturers of made-in-Nigeria goods to boost Growth Domestic Production (GDP).

Mamza made the appeal in an interview with the News Agency of Nigeria in Abuja on Monday.

Mamza said such backing would also strengthen indigenous manufacturers to produce locally made goods that could compete favourably with the imported ones.

Technicians Get Post Training Attachments at Refineries

No fewer than seventy five beneficiaries of the Petroleum Technology Development Fund (PTDF) Welders Training and Certification Programme (WTCP) have commenced a six-month post training attachment at the Kaduna and Warri refineries.

In a statement signed by Mr Kalu Otisi, Head Press and External Relations in Abuja on Friday, PTDF said the attachment was under a partnership scheme with the four major refining and petrochemical companies to facilitate on-the-job experience for PTDF trained welders.

5m Jobs Annually from Raw Materials Value Chain

The Federal Institute of Industrial Research in Oshodi (FIIRO) Lagos says it has developed an industrial blueprint that can create five million jobs annually.

FIIRO said that the jobs would be created through processing and value addition to the nation’s raw materials.

Prof. Gloria Elemo, the Director-General of FIIRO, made the assertion when the House of Representatives’ Committee on Science and Technology paid an official visit to the institute.