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Organised Private Sector
Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, disclosed this at a virtual meeting held with members of the OPS, made up of Manufacturers Association of Nigeria (MAN), Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Nigeria Employers’ Consultative Association (NECA), Nigerian Association of Small and Medium Enterprises (NASME), and Nigerian Association of Small Scale Industrialists (NASSI).
The federal government, on Friday, announced total projected expenditure of about N11.9 trillion for the 2021 fiscal year.
Members of the organised private sector (OPS) and some analysts have hailed the plan by the federal government to further review downward the oil price benchmark in the 2020 budget to $20 per barrel.
Organised Private Sector, OPS; Nigeria Labour Congress, NLC, and its United Labour Congress of Nigeria, ULC, counterpart, have agreed that there is need for guided relaxation of the COVID-19 lockdown.
The Lagos Chamber of Commerce and Industry (LCCI) has charged the Nigerian National Petroleum Corporation (NNPC) to consummate its process of reforming the petroleum downstream sector with an appropriate legislative framework, stating that with the legal framework, the reform would not be like the previous dead initiatives.
The Nigerian Union of Allied Health Professionals, NUAHP, on Wednesday, demanded life insurance scheme and immediate payment of N100, 000 special coronavirus allowances to all health workers at the frontline of the war against the disease as presently done to other health workers globally.
Stakeholders in the organised private sector (OPS) have expressed divergent views on the use monetary intervention to mitigate the impact of the global Coronavirus (Covid-19) pandemic on businesses in Nigeria.
With the Coronavirus (Covid-19) outbreak in China, there are indications that the country’s agro-allied, manufacturing sectors and dealers on various products have put on hold the importation of several production raw materials, consumable items coming from China.
Ahead of the implementation of the African Continental Free Trade Agreement (AfCFTA) in July, the Nigeria’s industrial sector has identified the need for the country to address current market challenges to ensure its gets benefits of the agreement.
President Muhammadu Buhari has lauded the Abuja Chamber of Commerce and Industry (ACCI) for scaling up economic diplomacy and establishing bilateral relations with other countries.
Members of the Organised Private Sector (OPS) have described the ongoing border closure as a temporary solution to a long term problem, noting that policy measures and proper implementation is necessary and more effective.
Nigeria’s Senate decision to approve 56 amendments in Finance Bill, an executive bill submitted by President Muhammadu Buhari, seeking an approval to raise tax rates payable by consumers and business entities to augment Federal Government’s declining cashflow, last week opened another pandora box of debate as to the fate of ordinary citizens when it eventually gets signed into law by the president in the days and weeks ahead.
The Minister of Science and Technology, Ogbonnaya Onu, has stressed the need for Nigeria to participate fully in the fourth industrial revolution.
The Federal Government says Nigeria now ranks number one in the world with people practicing open defecation.
Baring any last minute disruptions in the implementation guidelines, Nigeria’s cashless Policy piloted by the Central Bank of Nigeria (CBN) would go live nationwide from March 31, 2020, after about eight years of clinical trials of its pilot phase.
The Police in Jos have arrested a 39-year-old businessman, Abdul Abdul, for allegedly raping a 13-year-old girl after buying N20 sachet water in her mother’s makeshift store.
The Inspector General of Police (I-G), Mohammed Adamu, says a video in circulation, credited to “NigeriaDream”, showing a security officer meting inhuman treatment on a man, did not happen in Nigeria.
Mane believes the 29-year-old Napoli defender would be a huge hit for the newly-crowned Premier League champions.
A U.S. judge on Monday ordered a delay in federal executions, hours before one was to be carried out for the first time in 17 years, hampering the Trump administration’s plan to revive capital punishment by the federal government.
Barcelona president Josep Maria Bartomeu is adamant Lionel Messi will not be leaving.
The Federal government yesterday warned top government officials and Very Important Persons, VIPs, not to approach airport terminals with their aides or personal assistants, saying such privileges will no longer be entertained once the operation of domestic flights commences tomorrow.
The Nigerian Electricity Regulatory Commission (NERC) said Tuesday that it is reviewing the responses of some power distribution companies (Discos) to its queries on the flouting of capping order issued by the commission.
The United Nations Population Fund says at least 1, 025, 000 Nigerian girls still face genital circumcision every year.
Chairman of Abia Warriors Pastor Emeka Inyama says the arrival of coach Imama Amapakabo will help the club to challenge for honors next season.
The Department of Health said the death toll from Covid-19 rose to 1,314 over the same period with five additional deaths reported over the past 24 hours.