Search Results for "Local Production"
33 results found
Why food prices remain high despite FG’s interventions, ongoing harvest

…Bola Tinubu’s Renewed Hope Agenda promised to strengthen food security, increase local production, support farmers and reduce Nigeria’s dependence on food imports. In 2023, the Federal Government declared a state of emergency on food security and announced plans to invest N200 billion in cultivating 500,000 hectares of…

Business by nigerianewsfeed · 4 days ago · 0 comments · 13 views
ITF, NECA seek more funding to tackle youth unemployment

…Oyewole, said technical skills were essential to improving productivity, strengthening local production and reducing the country’s dependence on imported expertise. She said the impact of training should not be measured only by the number of people who completed programmes but also by their ability to secure jobs, run…

Jobs/Vacancies by nigerianewsfeed · 4 days ago · 0 comments · 10 views
PSN seeks tougher penalties for drug fakers, proposes N25m fine, 20-year jail term

…would have limited impact unless authorities addressed the broader costs of local production.He explained that reductions in import tariffs alone might not translate into cheaper medicines if manufacturers continued to face high diesel prices, electricity costs and transportation expenses.“Unless the government takes a…

Crime by nigerianewsfeed · 7 days ago · 0 comments · 15 views
US asks American business executives to be wary of insecurity, corruption and detention risk in Nigeria

…protect domestic industries. The report said some businesses were required to invest in local production in exchange for permits and quotas to import the same products. While the government had introduced measures to improve regulatory predictability, the department said implementation remained inconsistent."Nigeria's…

General News by nigerianewsfeed · 16 days ago · 0 comments · 21 views
Toxic pesticides in food: NAFDAC warns of health risks, seizes ₦800m banned chemicals

…that the challenge extends beyond residual stocks to illegal importation, unauthorised local production and distribution,” she saiid.Adeyeye disclosed that the phase-out periods for pesticides containing paraquat, chlorpyrifos and atrazine ended on January 1, 2026.She said the chemicals could no longer legally be manuf…

Health by nigerianewsfeed · 17 days ago · 0 comments · 22 views
FG rejects immediate solar import ban to protect energy transition, savings

…Nigerians the grid doesn’t reach: homes, hospitals, schools, farms and small businesses. Local production is growing, but it can’t yet meet that demand in volume or price. A ban now would have raised costs, stalled projects and put the progress of the last decade at risk.” Ademilua’s comments highlight the challenge fa…

Business by nigerianewsfeed · 17 days ago · 0 comments · 16 views
Import waivers, insecurity end two-year agric trade surplus

…“The effect is that our imports will rise above our exports. Second, we will discourage local production. Thirdly, we will be reducing employment, because some factories will shut down if they are not able to compete.” Banjoko also said weak funding for processors compounds the problem. He said foreign direct investmen…

Business by nigerianewsfeed · 18 days ago · 0 comments · 20 views
Over 235,000 Nigerians die from heart-related disease yearly — Heart Foundation

…and dependence on imported medicines were major challenges, urging greater investment in local production of cardiovascular drugs and expanded access to cardiac treatment.The Foundation also revived its “Keep the Beat” challenge, encouraging Nigerians to engage in regular physical activity as part of efforts to promote…

Health by nigerianewsfeed · 26 days ago · 0 comments · 24 views
Summit targets solutions for $54bn construction market

…Manufacturing Hubs across the country under the Renewed Hope Agenda would strengthen local production and supply chains while supporting efforts to reduce construction costs. Senior Vice President, dmg events, Josine Heijmans, said the exhibition would connect Nigerian construction companies and authorities with intern…

Business by nigerianewsfeed · 1 mon ago · 0 comments · 28 views
LASG begins phased activation of Imota industrial hub

…the hub, once operational, would support employment, MSME growth, skills development and local production, while strengthening supply chains and attracting investment to Ikorodu. The commissioner directed officials to resolve the immediate operational gaps, identify the first occupants and activities, and commence phas…

Business by nigerianewsfeed · 1 mon ago · 0 comments · 29 views
NAFDAC reforms boost local drug production, attract investors, says DG

…DG outlined regulatory measures introduced by the agency and the gains recorded in local production and investment. Adeyeye highlighted NAFDAC’s sustained Maturity Level 3 status, describing it as the highest benchmarking rating in Africa, as well as Nigeria’s full membership of the International Council for Harmonisat…

Investment by nigerianewsfeed · 1 mon ago · 0 comments · 35 views
2027: We’re competing against thieves – Atiku

…food costs, placing greater pressure on households. He stressed that he would support local production, help businesses grow and make wages more valuable for Nigerians. 2027: We’re competing against thieves – Atiku

Politics by nigerianewsfeed · 2 mons ago · 0 comments · 32 views
Atiku accuses Tinubu of favouring oil companies with tax incentives amid rising petrol prices 

…properly budgeted and independently audited. He added that the plan would be linked to local production and supported by efforts to increase refining capacity, improve competition and restore household purchasing power. “You cannot subsidise capital and criminalise relief for citizens. You cannot offer cushions upstair…

Politics by nigerianewsfeed · 2 mons ago · 0 comments · 26 views
'Fake agency' boss insists office legitimate, provides more documents

…import dependency,” and “Build a stronger Nigeria.” Another graphic promoted “Drive local production development under the Industrialize Nigeria” and “Locally made for global access.” It listed objectives including promoting local manufacturing, creating jobs and wealth, reducing import dependency and boosting global c…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 30 views
See list of 10 consumer goods companies in Nigeria by revenue

…benefiting from its position in Nigeria’s sugar market and continued investment in local production.Its performance also contributed significantly to the overall profitability of the consumer goods sector.5. International Breweries Plc — N342 billionInternational Breweries generated N342 billion in revenue in the first…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 26 views
Atiku cannot promise petrol subsidy without explaining funding – APC chieftain

…it should be accompanied by measures to protect vulnerable Nigerians and increase local production. “Today, Atiku is presenting subsidy restoration as a solution, whereas his position before the 2023 election was that subsidy should be removed. Nigerians are entitled to ask what has changed and why,” he said. He urged…

Politics by nigerianewsfeed · 2 mons ago · 0 comments · 28 views
FG to establish building materials hubs across geopolitical zones

…Building Materials Manufacturing Hubs across Nigeria’s six geopolitical zones to boost local production, reduce construction costs and improve access to affordable housing. The Secretary to the Government of the Federation, Senator George Akume, disclosed this on Wednesday in Abuja while declaring open the 56th Confere…

General News by nigerianewsfeed · 2 mons ago · 0 comments · 26 views
India-Nigeria trade hits $9bn as firms deepen local production

…corporate presence also signals a shift from an export-driven relationship towards local production. Indian companies are increasingly establishing manufacturing and production facilities in Nigeria across pharmaceuticals, power, construction, consumer goods, healthcare and other services. With healthcare is emerging a…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 29 views
NASENI empowers Osun youths, women with skills to drive local businesses

…to expand technical and vocational skills, promote entrepreneurship and strengthen local production as part of measures to tackle unemployment and improve economic opportunities for young Nigerians and women. NASENI’s emphasis on combining skills training with equipment provision also reflects its broader mandate of pr…

Politics by nigerianewsfeed · 2 mons ago · 0 comments · 26 views
Revealed: Why rice crashed amid new import waiver by the FG

…arrangement.Consumers rejoice as rice prices crash, but farmers reveal the impact on local production. ImagesHowever, farmers’ groups have continued to raise concerns about the influx of imported rice, warning that cheaper imports could undermine domestic production if local farmers are not given adequate support.The l…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 29 views
Nigeria records zero aviation fuel imports for 13 months

…volatile, the absence of imported ATK throughout the review period suggests that local production has become sufficiently established to support Nigeria’s aviation fuel requirements, with consumption largely hovering around the country’s daily benchmark demand of three million litres. The development comes against the…

General News by nigerianewsfeed · 3 mons ago · 0 comments · 31 views
MAN warns inflation won't ease without reforms

…focused on advancing policies that improve competitiveness, encourage investment, expand local production, deepen exports, and position Nigeria as Africa’s industrial hub and the preferred manufacturing destination.” He noted that the second quarter witnessed increased business and government activities after a slow st…

Business by nigerianewsfeed · 3 mons ago · 0 comments · 32 views
See the cheapest and most expensive places to buy cooking gas

…costs and limited access to cooking fuels, revealing the urgent need for sustainable local production solutions.

lifestyle by nigerianewsfeed · 3 mons ago · 0 comments · 29 views
Nigeria needs $5bn to achieve self sufficiency in sugar production — NSDC boss

…are aware, we are working against a decades-long deficit in terms of the gap between local production and actual consumption. “We have often quoted the statistic that we produce only about two per cent of the sugar we consume. Because of how long it has taken, President Muhammadu Buhari, of blessed memory, renewed the…

Crime by nigerianewsfeed · 3 mons ago · 0 comments · 32 views
How cooking gas imports jumped amid surge in prices

…30 per cent of Nigeria’s total daily cooking gas supply in June, a clear indication that local production alone was insufficient to meet rising demand.Industry analysts say the massive importation was necessary to prevent a deeper cooking gas scarcity, especially as millions of Nigerian households increasingly rely on…

General News by nigerianewsfeed · 3 mons ago · 0 comments · 31 views
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