The Federal Government has reaffirmed its commitment to supporting micro, small, and medium enterprises through tax incentives aimed at fostering growth and sustainability in the sector. This was disclosed recently by the Executive Chairman of the Federal Inland Revenue Service, Executive Chairman, Zacch Adedeji, who was represented by his special adviser, Collins Omokaro, at the …read more →
Industialisation
Subsidy Savings: MAN Urges FG to Improve Infrastructure for Enhanced Manufacturing
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to utilize savings from subsidy reforms to improve infrastructure within industrial hubs, such as roads, electricity, and rail, to enhance manufacturing productivity. MAN made this call through the document signed by the Director General, Mr Segun Ajayi-Kadir, while reacting to the recent monetary …read more →
AFC to Support Africa’s Largest Methanol Plant in Akwa Ibom
Africa Finance Corporation (AFC) the continent’s leading infrastructure solutions provider, is arranging a project development facility to support Africa’s largest gas-to-methanol plant, to significantly reduce CO2 emissions by offsetting flaring of natural gas and turning it instead into a valuable chemical for solvents, paints, plastics and car parts. AFC has committed to the development stage …read more →
Gov Oyebanji Inaugurates A-Bamisil Palm kernel Crushing Plant in Ekiti
Governor Biodun Oyebanji of Ekiti on Friday, inaugurated A-Bamisil, a privately owned 200 metric tons per day capacity palm kernel oil (PKO) crushing plant to reduce unemployment, hunger and poverty in the state. Oyebanji, while inaugurating the A-Bamisil Palm kernel Crushing Plant located along Ijan road in Ado-Ekiti, promised that his administration would play a …read more →
ACT Foundation Opens Applications for Changemakers Innovation Challenge 2024
Aspire Coronation Trust (ACT) Foundation has announced the opening of applications for the 2024 Changemakers Innovation Challenge. Themed The theme for this year’s Changemakers Innovation Challenge is “Driving Change With Digital Innovation,” this initiative seeks to empower community non-profit organisations and social enterprises that utilise technological advancements to create grassroots impact and enhance the lives …read more →
Oyo State, Shell Nigeria Sign $100 Mn Deal for Gas Infrastructure Development
The Oyo State government, in collaboration with Shell Nigeria, has sealed a $100 million contract for the development and distribution of gas infrastructure under the Build-Own-Operate-Transfer (BOOT) model. Governor Seyi Makinde announced the milestone via his X platform, revealing that the signing ceremony took place in London. Makinde provided insights into the project, highlighting its …read more →
BOI, IFC Advocate Collaborative Financing to Enhance Nigeria’s Industrialization Agenda
The Bank of Industry (BOI) and the International Finance Corporation (IFC) have stressed the need for joint investment financing to drive infrastructural development in Nigeria’s industrialization agenda. They also stressed the need for enhanced access to funding for businesses, women and youth to support sustainable growth in the country. They said this at the BOI …read more →