According to reports, the Standard Organisations of Nigeria (SON) has raided and confiscated various substandard goods, including razor blades and shaving sticks at various locations in the Federal Capital Territory (FCT).
Officials of the FCT branch office of SON headed by Dr. Bartholomew Ugwu said the market raid of substandard goods would send strong signal to its manufacturers and traders who are bent on sharp practices.
Ugwu said that the raid was in continuance of SON campaign against substandard items.
He disclosed that […]
According to reports, the Senate President, Dr. Bukola Saraki, has said that the Federal Government spends more than N2tn on the purchase of goods every year.
According to the Special Assistant to the Senate President on Print Media, Mr. Chuks Okocha, Saraki said this on Thursday when members of the Leather and Allied Products Manufacturers’ Association of Abia State visited him.
The visit of the APMAA was premised on the support of the Senate and the Federal Government of their campaign for […]
According to reports, the Minister of Finance, Kemi Adeosun, has said the federal government is working on ensuring that the country’s exports are not only raw materials but also processed goods to allow the country earn more foreign exchange.
Adeosun who noted that Nigeria’s export is not raking in enough foreign exchange as it ought to said concerted efforts are ongoing to ensure that raw materials are processed for added value before they are exported out of the country.
Speaking at the […]
Senate President, Dr. Abubakar Bukola Saraki, has commended the Economic Summit Group (NESG) on the theme of this year’s summit which focus on promoting Made in Nigeria goods.
Saraki who will be a guest at the summit noted that the choice of theme put the private sector group on the same page with the Senate which has since last year identified the need to promote local manufacturers and service providers as champions of the efforts to revive the national economy.
In a […]
Valuables, including foodstuff and drinks, worth several millions of naira were destroyed by fire at Saraki Market, lta-Ama in llorin West Local Government area of Kwara on Wednesday.
The News Agency of Nigeria reports that the fire, said to have started early in the morning, raged till the afternoon.
The fire destroyed items such as rice, beans, among others, in more than 60 shops.
The Public Relations Officer of Kwara State Fire Service, Mohammed Kazeem, said the fire could have been from an […]
According to reports, the Minster of Budget and National Planning, Senator Udoma Udo Udoma, has stated that the promotion of ‘Made in Nigeria’ goods and services will form the crux of discussions at the forthcoming 22nd edition of the National Economic Summit (NES 22).
Udoma, who spoke with media men in Lagos at the weekend on the summit billed to hold between October 10 and 12 at the Transcorp Hilton Hotel, Abuja, said it is designed to encourage more production and […]
It was gathered that the Country director of a non-governmental organisation, Plan International, Dr Hussani Abdu, has called for increase in taxes on luxury goods to enable the government raise funds to build the economy.
Abdu lamented the situation where taxes are not collected from people who ply the roads with luxury cars adding that government should invest in infrastructure by building rail way line instead of constructing micro airport which has no direct benefit to the poor.
According to him, no […]
Mr Tunde Olatunji, a member of the Osun House of Assembly, has called on the Federal Government to initiate policies that would promote locally produced goods in the country.
Olatunji, who is the House Committee Chairman on Commerce, Cooperatives and Youth Empowerment, made the call in an interview with the News Agency of Nigeria on Monday in Osogbo.
According to him, it is only a massive investment in the production of made-in-Nigeria goods that can grow the country’s economy and bring it […]
According to reports, the Oyo/Osun Area Command of the Nigeria Customs Service said it impounded 25 vehicles smuggled into Nigeria with contraband goods through illegal routes.
The controller of the command, Temitope Ogunkua, said a total of 342 bags of rice were loaded in 23 of the vehicles, with duty paid value of about N2.9m. Two other trucks were also loaded with hundreds of bags of rice.
Among the vehicles seized was a bulletproof Toyota Land Cruiser Prado Jeep, Toyota Avalon, Toyota […]