‘Safeguards against dumping built-in to protect local industries’
AfCFTA is expected to complement Nigeria’s national development agenda and act as a catalyst for export diversification, by providing preferential access to the huge African market for Nigerian products...
Investors worry over proposed concession of Kano Free Trade Zone
Local investors and manufacturers at the Federal government-owned Kano Free Trade Zone have raised concern over the proposed concession of the vast industrial area to private operators. These worries are hinged on the possibility of losing an avalanche of opportunities and economic benefits investors presently derive in the free zone, when the liability is finally…
Nigeria inaugurates committee to grow non-oil exports
Minister for Industry, Trade and Investment, Adeniyi Adebayo, has warned that a country that fails to grow its non-oil exports would make its economy to be vulnerable to external shocks with attendant ripple effects of devaluation, inflation and unemployment.
FG suspends issuance of FTZs licences
The Federal Government has suspended issuance of licences for the operations of Free Trade Zones (FTZs) in the country.
National automotive policy still under review, a year after
The National Automotive Industry Development Plan (NAIDP), currently undergoing review by the present administration has continued to attract mixed reactions.
FG assures adequate funding of SIWES
The Federal Ministry of Industry, Trade and Investment says it will work with relevant arms of government to ensure adequate funding of the Students’ Industrial Work Experience Scheme (SIWES) for its effective management.
Automobile industry to get intervention fund, consumer finance scheme
Minister of Industry, Trade and Investment, Adeniyi Adebayo, has said the National Automotive Design and Development Council (NADDC) was putting in place a consumer finance scheme that would allow the public easily access funds to purchase new locally assembled vehicles.
FG sets up policies to address post COVID-19 pandemic, says Minister
The Federal Government said it had put up quality policies to contain the post-Coronavirus (COVID-19), pandemic very strongly against predictions of economic doom by some international bodies.
FG strategises, unveils stimulus package for real sector operators
The Federal Government has assured a coalition of private-sector operators of a N65 billion-stimulus package that would assist them as they face the long-term effect of the COVID-19 pandemic.