The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to ensure effective monitoring of the implementation of Executive Order 005, in order to enhance the nation’s manufacturing sector’s competitiveness capacity and self-reliance. The President of the association, Engr. Mansur Ahmed, gave the charge at the opening ceremony of the association’s 3-day Made-in-Nigeria […]
The Deputy Secretary General of the United Nations (UN), Dr. Amina Mohammed, has said that Nigeria has a lot to gain from successful implementation of the African Continental Free Trade Area (AfCFTA) in view of the pact’s potential to improve the quality of goods and services and increase the nation’s competitiveness both in national and […]
The Manufacturing Purchasing Managers’ Index (PMI) for November 2020 marginally expanded after six consecutive months of contractions. However, the non-Manufacturing PMI sustained its negative trend just as unemployment level continued its surging trend for the eighth consecutive month in the month under review. The Central Bank of Nigeria (CBN) in its just published PMI Report […]
The Manufacturers Association of Nigeria (MAN) has charged the Ministry of Petroleum Resources to address the challenges being encountered by manufacturers on rising price of gas and called for immediate review of the price. The President of the organized private sector group, Engr. Mansur Ahmed, Ahmed made the call at an interactive forum on gas […]
The Federal Government has unveiled plans to raise manufacturing sector’s contribution to the nation’s Gross Domestic Product (GDP) to 20 percent within the next six years. Currently, the real sector’s contributions to the nation’s GDP is less than 10 percent, thereby necessitating huge importation of manufactured goods with the attendant negative implications for Nigeria’s foreign […]
The Federal Inland Revenue Service has recovered over N33 billion from defaulting corporate entities that failed to remit their withholding tax (WHT) and Value Added Tax (VAT) collections from tax-paying customers. The Executive Chairman of the federal tax administration agency, Mr Babautnde Fowler, gave this hint when he met with manufacturers on the VAT and […]
The Minister of Budget and National Planning, Senator Udoma Udoma, at the weekend said that government had revived the Export Expansion Grant (EEG) and Export Development Fund (EDF) schemes with N13.28 billion in the 2018 budget to facilitate export of Made-in-Nigeria goods to the international markets. Udoma was quoted in a statement issued by his […]