The Federal Government of Nigeria is in advanced negotiations to secure a $5.7 billion strategic investment package from China’s GCL Group. The Ministry of Finance announced on Monday, February 23, 2026, that the deal aims to revitalize critical sectors, including power, mining, and industrial manufacturing, as part of a broader effort to boost domestic production […]
Manufacturers in the country have painted a gloomy picture of the industrialisation drive in Nigeria, if the Federal Government fails to act swiftly to tackle the challenges. The immediate past president of the Manufacturers Association of Nigeria, MAN, Dr Frank Udemba Jacobs, highlighted the challenges during the 46th Annual General Meeting of the association in […]
The Federal Government of Nigeria through the Ministry of Industry, Trade and Investment is to establish an Automotive Industrial Park in Anambra state. The projects which is in collaboration with the Federal government and Anambra state government would be situated at the land boundaries of Akwaihedi, Unubi and Uga in Nnewi South and Aguata local […]
Some months ago, this writer read in one of the papers a suggestion by one of our highly revered economists, Prof. Pat Utomi, that Nigeria, rather than continue research and development work on the Nigerian car (where, he alleged, she doesn’t have comparative advantage) should concentrate on developing and supplying high quality rubber parts to […]