THE federal ministry of industry, trade and investment has disbursed N1 billion to Micro Small and Medium Enterprises, MSMEs, in the country. Olusegun Aganga, minister of trade and investment, said the N1 billion special credit line, through the National Enterprise Development Programme, …
RTag: Olusegun Aganga
Empowering Youths in Oil Sector
THE federal government is determined to empower Nigerian youths because the important role they play in economic development. Already it had launched the youth entrepreneurship strategy in the oil and gas industry and has commenced the screening of those who will participate in the …
FG Inaugurates New Textile Policy
THE federal government has inaugurated a national cotton, textile and garment policy targeted to realise $3 billion annually from textile exports. The policy is also expected to raise seed cotton production from 200,000 metric tonnes in 2003 to more than 500,000 MT by the end of this year. …
FG to End Fuel Importation
THE federal government is planning to stop importing petroleum products by 2018 as the price of oil continue to fall in the international market. If this is done the country will save about $10 billion. Olusegun Aganga, minister of industry, trade and investment, said going by the government’s Industrial …
NLNG Invests $1.8 Billion in Badagry
THE Nigeria Liquefied Natural Gas, NLNG, in collaboration with other investors are set to invest $1.8 billion in ship repair and dry docking business in the country to boost the economy and increase trade. The facility, according to its promoters, would be built in Badagry area of Lagos State because of its …
Nigeria loses $287 million Monthly in Oil Contracts
THE Bureau of Public Enterprises, BPE, has said that $113 billion needed to be injected into the country to fix three critical sectors of the economy in order to put it in the right direction. Benjamin Dikki, director general, BPE said Nigeria required the amount in six years for the development of three critical …
FG Inaugurates Sugar Project
THE federal government has inaugurated a N45 billion integrated sugar project in Sunti, Niger State. The project owned by Flour Mills of Nigeria Plc, and comprising a 16,500-hectare sugar cane estate and mill, is part of the ministry of industry, trade and investment’s approved Backward Integration …
BPE in the Dock
– DISENGAGED staff and pensioners of the defunct Nigerian Coal Corporation, NCC, have dragged the Bureau of Public Enterprises, BPE, […]
NCC to Punish Service Providers for Illegal Tariff Increase
– THE Nigerian Communications Commission, NCC, has warned that severe sanctions await service providers that indulge in illegal increase of […]
Seme Border Where Customs, Smugglers Strike Deals
– Seme, a border town between Nigeria and the Republic of Benin, has remained notorious as a haven where smugglers […]
Kerosene Subsidy Debate
– Sanusi Lamido Sanusi, governor of the Central Bank of Nigeria, refutes claims by the Nigerian National Petroleum Corporation, that […]
Nebo Reassures on Improved Power Supply
– THE federal government said generator dealers cashing in on the nation’s current power supply challenges, would be out of […]
Who Succeeds Sanusi?
– About eight qualified professionals are angling to take over the post of the Central Bank of Nigeria governor when Sanusi […]
Aganga’s Hopeful Leadership
– WORLD leaders have lauded Nigeria’s initiative that facilitated the first-ever global trade reform agreement, which has the potential to […]
Reviving Nigeria’s Leather Industry
– Stakeholders in Nigeria’s leather industry are worried over its virtual death and initiated a series of activities to revive […]