industrial growth
Nigeria first policy: NCDMB supercharges 100 indigenous firms with $350M Boost”
In a landmark move aimed at strengthening local content and fostering economic growth, the Nigerian Content Development and Monitoring Board (NCDMB) has disbursed $350 million to 100 indigenous companies across the country. This initiative aligns with the federal government’s recently approved Nigeria First Policy, which seeks to prioritize in-country production, enhance employment opportunities, and deepen […]
Manufacturers outraged as Nigeria slaps back 4% FOB import fee
Nigerian manufacturers have voiced strong opposition to the recent reintroduction of the 4 percent Free on Board (FOB) fee by the Nigeria Customs Service (NCS), warning that the move could significantly escalate operational costs and undermine industrial growth. The NCS reinstated the FOB levy on August 4, 2025, following its suspension in February of the […]
South Africa reliant on Nigeria for a staggering 70% of oil imports
South Africa imports more than 70 per cent of its crude oil from Nigeria, highlighting the West African nation’s critical role as a major energy supplier to the Southern African region. Acting High Commissioner and Consul General of the Republic of South Africa, Bobby Moroe, revealed this at the Outward Selling Mission Programme held in […]
Gombe’s Transformation: Roads, Trade, and Industrial Growth
Since assuming office in 2019, Governor Muhammadu Inuwa Yahaya of Gombe State has proven to be a committed and transformative leader, prioritizing infrastructure development and economic growth. Over the past six years, Gombe has experienced a radical transformation, underpinned by key infrastructure projects, new opportunities for businesses, and an overarching vision for industrial development. Roads, […]