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LASG canvasses increased attention for manufacturing sector

Lagos State Government has called for increased attention for Nigeria’s manufacturing sector, in view of its potentials to contribute 50 per cent of the country’s Gross Domestic Product, GDP. Commissioner for Commerce, Industry and Cooperatives, Prince Rotimi Ogunleye made the call at the celebration of the Year 2016 Africa Industrialization ...

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BoI projects N1.150trn for MSMEs funding in three years

  Bank of Industry (BoI) has projected N1.150trillion in three years for the funding of micro, small and medium enterprises (MSMEs) sector. Speaking at 2017 budget defence on Wednesday, Waheed Olagunju, acting Managing Director of BoI, gave the breakdown as follows N250 billion is to be disbursed in 2017, N400 ...

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Dangote Sets to Launch 25,000 Hectares of Rice Outgrower Scheme in Sokoto

By end of 2017, Dangote Rice will have 25,000 Ha under rice cultivation across 3 sites in Northern Nigeria Dangote Rice, a subsidiary of Dangote Group (www.Dangote.com) is set to launch in Sokoto. Sokoto state it’s multi-million naira 25,000 hectares of rice outgrower scheme with a prospect of hundreds of thousands ...

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3.5million Dangote Tyres Stolen From Stores

Three and a half million truck tyres have been declared missing by Dangote Group. The tyres which bear the company’s imprint were stolen over some time. The Coordinator of the company’s National Patrol Unit, Alhaji Abdullahi Magaji, a retired Commissioner of Police, disclosed this while addressing newsmen on Sunday in ...

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NIMASA seeks capacity partnership with TETFUND

R-L: Director General, Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside, Executive Director, Finance & Administration, NIMASA Mr. Bashir Jamoh and the Executive Secretary, Tertiary Education Trust Fund (TETFUND) Dr. Abdulahi Bichi Baffa during a human capacity development partnership meeting in Abuja. As part of measures to develop ...

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National Assemble empowers SON to fight substandard products in Nigeria

The Director General of the Standards Organisation of Nigeria (SON), Mr. Osita Aboloma has given thumbs up to the National Assembly for empowering the agency to combat the influx, production and distribution of substandard products in the country. According to him, the passage of the SON Act 14 of 2015 ...

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Dangote to extend business footprint, explores investment opportunities in Zambia

Nigerian multi-billionaire investor, Aliko Dangote, has expressed the desire of his group to further consolidate on his existing investments in Zambia and other African countries by exploring opportunities in the energy and agriculture sectors. Mr Dangote was speaking when he paid a courtesy call on President Edgar Lungu, the President ...

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We Don’t Fund Religious Programmes, Activities- BoI

Mr. Waheed Olagunju,MD BoI     *Reaffirms Support For Bankable Ventures       The Bank of Industry (BoI) on Friday reaffirmed its comittement to  support only bankable ventures that aid industrial growth and promote economic development and does not fund religious programmes and activities. The Bank in notice  titled: “Disclaimer” ...

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We will do all we can to support local producers & manufacturers-Osinbajo

In a bif to ensure that Federal Government’s business oriented regulatory agencies become facilitators for Micro, Small, & Medium Scale Enterprises, MSMES, the Buhari presidency would do all within its ability to support them and ensure they become thriving businesses. This assurance was given earlier today by Acting President Yemi ...

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BoI Unveils N1bn Solar Energy Fund for MSME

Waheed Olagunju In pursuance of its Green Energy Project, the Bank of Industry on Friday in Lagos unveiled  its N1 billion solar energy fund to boost its off-grid electricity generation project. The fund would be made available to firms partnering with the bank in the development of solar energy services ...

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