By Motolani Oseni The Manufacturers Association of Nigeria (MAN) has urged the federal government to work with the private sector to revamp the ailing manufacturing sector, by exploring homegrown policy initiatives that will address peculiar challenges. President of MAN, Otunba Francis Meshioye, made the call while delivering his address at the 2024 edition of the […]
By Joy Obakeye The Organized Private Sector says it has developed a policy document that outlines key priorities for political parties to adopt in the coming political dispensation. The document which will be unveiled on Tuesday this week, will capture the perspectives of the Organized Businesses’ on issues that would promote contributions of the Private […]
The G7 Development Finance Institutions (DFIs) have announced a commitment to invest $80 billion dollars in Africa’s private sector, over the next five years, to support sustainable economic recovery and growth in the continent. A statement on Monday, from the African Development Bank (AfDB), said the G7 DFIs made the announcement along with the International […]
The Organized Private Sector (OPS) is set to receive a N65 billion stimulus package from the Federal Government in a bid to keep the economy afloat and cushion the effects of the Covid-19 pandemic. Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, stated this at a virtual meeting held with members of the OPS […]
The Nigeria Private Sector Coalition Against COVID-19 (CACOVID) has so far realised about N15.325 billion as contributions to tackle coronavirus in the country. This was made known in a document released to News Agency of Nigeria (NAN) by Mr. Isaac Okorafor, Central Bank of Nigeria’s (CBN) Director, Corporate Communications Department in Abuja on Wednesday. The […]
Stanbic IBTC Holdings Plc has joined other corporate organisations to offer support to the Federal Government of Nigeria in the fight against the outbreak of the Coronavirus (COVID-19) in Nigeria. The foremost end-to-end financial services institution has donated the sum of N250 million to the Nigerian Private Sector Coalition against COVID-19, formed recently to combat […]
The Industrial Training Fund (ITF), has appealed to State Governments, Non-Governmental Organisations (NGOs), and other sectors to partner with the Fund in training more Nigerians on skills acquisition. Speaking in Jos, at the closing ceremony of the 2019 National Industrial Skills Development Programme (NISDP), on Monday, the ITF Director General, Sir Joseph Ari said the […]
The Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele has said commercial banks exposure to the private sector increased by N2 trillion between May and December of 2019. The apex bank last year had mandated commercial banks to maintain 65 per cent Loan-to-Deposit Ratio (LDR). Following the CBN policy on LDR, leading commercial banks […]
Engaging the private sector in primary health care delivery to achieve universal health coverage in Nigeria is crucial, the Director of Programmes, Nigeria Health Watch, Vivianne Ihekweazu, has said. Addressing a news conference ahead of its forthcoming 2019 future of health conference and stakeholders summit coming up on October 17 -18 in Abuja, Ihekweazu, disclosed […]
The Nigerian government and the nation’s labour force are currently flexing muscles in what should be the minimum wage payable to workers of the government at the Federal, State and local levels as well as those working with the private sector of the economy. As at Sunday night, a truce was arrived at by the […]
The organised Private sector in West Africa has stated their resolve to collaborate with government agencies involved in data regulation and control to curb all forms of cyber crimes as well as sensitizing the citizens on the need for personal data protection. Speaking at a High level policy round table on general data protection regulation […]
…Obaseki’s reforms throws up vacancies in Edo The International Labour Organisation (ILO) has said that global youth unemployment figure has risen to 66 million and nearly 145 million youths who are working live in abject poverty. The ILO revealed this at its headquarters in Geneva, Switzerland, during a conference on innovations for decent jobs for […]
Africa’s foremost entrepreneur, Alhaji Aliko Dangote, has given an insight into why he is advocating that the private sector operators in the country commit one percent of their profit annually to funding health care services. Dangote has suggested to members of an expanded National Economic Council meeting recently the need to have a trust fund […]
The Vice President Professor Yemi Osinbajo Solicits private sector cooperation in the realization of FG’s clean energy economy initiative. He also solicits the cooperation and support for the clean energy economy efforts as well. He made this request at the 55th anniversary celebration of oil producers’ trade section (opts) of the Lagos Chambers of Commerce […]
*Firm engaged to recoup 100% costs Mathew Dadiya, Abuja The Federal Executive Council on Thursday, approved a tax relief scheme to attract private sector involvement in the provision of Federal road infrastructure across the entire country. The approval was the outcome of a Memorandum for the setting up of a Road Trust Fund (RTF) presented […]
As a measure to close the nation’s infrastructure gap estimated to cost about N3trillion yearly, quantity surveyors have advocated the adoption of private sector led project financing in the construction industry. The President, Nigerian Institute of Quantity Surveyors (NIQS), Mrs. Mercy Iyortyer who spoke at the two-day national workshop organised in Lagos by the body, […]
Leading sports marketing company, Inspire Marketing and Branding International has unveiled a bold agenda aimed at re-positioning the game of basketball in the country. This is in view of the poor state of basketball in Nigeria, which has been bedeviled by institutional and bureaucratic negligence as well as a lack of serious funding from both […]
AXA Mansard Insurance Plc recently revealed of ongoing partnership discussion with global financial institutions on development of infrastructures to boost health insurance in Nigeria. Such institutions which include, the International Finance Corporation (IFC), private sector and development finance arm of the World Bank Group, and some other companies, it has been disclosed, are currently in […]
In a bid to improve the infrastructure of Kaduna State, Governor Nasiru Ahmad El-Rufai, has revealed that talks are ongoing between the State Government and the Management of Dangote Group towards developing the infrastructure of the state on a partnership level. Speaking last weekend at the ongoing Kaduna 38th International Trade Fair, the governor, who […]
The global community for climate action was spooked by the November 8 election of Donald Trump as the next president of the United States. The US president-elect had earned the sobriquet of “climate denier,” for his claim that climate change is a hoax. However, there is cautious optimism that his presidency will not overturn the […]