The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo said the government has put measures place to protect manufacturing and service sectors of Nigeria against threat and trade manipulations that may stem from the African Continental Free Trade (AfCFTA) Agreement. According to Adebayo, who is the Chairman of …
Read More »NEPZA Gets FEC Approval to Build N35bn Power Station
The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, Wednesday announced that the Federal Executive Council (FEC) has approved N35 billion for the building of a power station by the Nigerian Export Processing Zone Authority (NEPZA), in Akamkpa, Cross River State. According to Adebayo the power station contract …
Read More »Adebayo, Malami To Appear Before Reps Over AfCFTA
The House of Representatives has resolved to invite the Ministers of Justice, Abubakar Malami, Foreign Affairs, Geoffrey Onyeama as well as Industry, Trade and Investment, Otunba Adeniyi Adebayo to brief the House on the implications of the agreement establishing the African Continental Free Trade Area (AFCFTA). This was sequel to a …
Read More »Adebayo Calls for Establishment of Land Banks to Attract Agric Investment
The Nigeria’s Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, in a paper titled “Strategy for Growth of Micro, small and Medium Enterprises (MSMES) and Job Creation” presented to the National Economic Council on Thursday suggested a need to establish land banks in each state earmarked for investment …
Read More »Budget 2021: N51bn Earmarks for Capitals in FMITI
The Nigeria’s Federal Ministry of Industry, Trade and Investment is allocated N51 billion fo capital projects in the 2021 fiscal year, President Muhammadu Buhari on Thursday told a joint session of the National Assembly in Abuja. Other key capital spending allocations in the 2021 Budget include Power: N198 billion (inclusive …
Read More »Nigeria Concludes Study to Assess AfCFTA Safeguard Requirements
As part of its preparations for the operationalization of the African Continental Free Trade Area (AfCFTA) billed for January 2021, the Nigeria’s National Action Committee has concluded a study to assess the AfCFTA safeguard requirements. There are concerns from some quarters in Nigeria that the AfCFTA could be a vehicle …
Read More »Market Access Under AfCFTA Not Automatic—Anatogu
The Nigeria’s Secretary of the National Action Committee on African Continental Free Trade Area (AfCFTA), Mr. Francis Anatogu has foreclosed possibility of some international trade malpractices that may stem from the operations of the CFTA, allying fears in some quarters that free trade is a potential threat to the economy. …
Read More »Nigeria Plans N65bn Stimulus Package For Manufacturing Sector
Nigerian government has earmarked N65 billion stimulus package to support the Organised Private Sector in Nigeria (OPSN) in the bid to revive the economy from the shocks of COVID-19 pandemic, Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, announced on Monday. The Minister disclosed this at a virtual meeting …
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