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The Kano State Government has concluded arrangement for a multi- billion-naira Bus Rapid programme(BRT) in the state. The move was in furtherance of effort to ensure urban regeneration and sustainable transportation.
According to the state’s Director General, Media and Publicity, Ameen K. Yassar, the initiative, which is the first of its kind in the state, is a “tip of the iceberg infrastructural project” as the Ganduje administration commences its second term in office on May 29. BRT is a high quality bus – based public transport system designed to deliver fast, comfortable and cost effective services at metro – level capacities. It does this through the provision of exclusive lanes with busways and distinctive stations typically aligned to the centre of the road, off – board fare collection and fast, regular operations… More details through: https://www.thisdaylive.com/index.php/2019/04/30/kano-concludes-arrangements-for-multi-billion-naira-brt-project/
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Nigeria imports pottery products worth $600m annually, the Federal Government has said. The Coordinator, Mineral Sector Support for Economic Diversification, Mr Linus Adie, disclosed this on Saturday while conducting World Bank Task Team Leader, Nura Arfaa, round the dilapidated Ladi Kwali Pottery Centre, Suleja, Niger State.
Adie said that despite the great path that Nigeria had established in the pottery industry and the abundance of ceramic raw materials, the country imported more than 80 per cent of its pottery needs… More details through: https://punchng.com/nigeria-imports-600m-pottery-products-annually-fg/ Nigeria plans to almost double oil production and triple its refining capacity within six years, reviving previous pledges that turned out to be too ambitious.
The OPEC member is looking to pump 4 million barrels a day by 2025 and increase refining capacity to 1.5 million barrels daily, Maikanti Baru, managing director of state-owned Nigerian National Petroleum Corp., said at a conference Thursday in the capital, Abuja. “Nigeria needs to unlock new barrels as quickly as possible,” he said… More details through: https://www.bloomberg.com/news/articles/2019-04-25/nigeria-revives-plan-to-double-crude-oil-output-triple-refining Following the visit of President Muhammadu Buhari to Dubai, the United Arab Emirates (UAE) recently, Nigeria and Dubai have agreed to deepen their cooperation, especially as it concerns trade in gold.
At a subsequent meeting between Nigeria’s Minister of State for Mines and Steel Development, Abubakar Bawa Bwari, and the UAE Ministry of Economy’s Abdullah Al Saleh on the sideline of the Dubai Annual Investment Meeting, the ministers resolved to forge a closer cooperation considering the quantum of gold traded between both countries… More details through: https://www.dailytrust.com.ng/nigeria-uae-to-scale-up-gold-trade.html THERE are indications that the construction industry may be experiencing a boom as Bitumen, for the first time, is leading the nation’s import chart. But the leadership of the Lagos Chamber of Commerce and Industry, LCCI, is saying that the issue is excessive reliance on bitumen in the construction industry, calling for a switch to cement.
The shipping position emanating from the Nigerian Ports Authority, NPA, showed that a total of 5.491million metric tonnes of bitumen, a petroleum bye-product, was brought into the country in April, 2019… More details through: https://www.vanguardngr.com/2019/04/bitumen-leads-import-chart/ Sinoria FABCOM, a Chinese building materials and structural engineering company, has announced plans to open a fibre cement board manufacturing factory in Abuja.
According to the Managing Director of the company, Liuxing Wang, who took some journalists round the complex in Kuje, Abuja, the new line of production would be the first of its kind in West African sub region… More details through: https://www.dailytrust.com.ng/chinese-coy-to-establish-fibre-board-plant-in-fct.html Nigeria-based Value Seeds came top in a new research on seed companies operating in Western and Central Africa, a new study by the Amsterdam-based Access to Seeds Foundation says.
According to the study, Value Seeds, like most of the other companies from the region, operates exclusively in its home country of Nigeria and stands out for its maize and rice ‘value kits’, all-in-one input packages tailored for smallholders. The company also provides capacity building activities that specifically target women and next-generation farmers, the study adds… More details through: https://businessday.ng/agriculture/article/nigeria-leads-in-western-central-africa-seed-hub-study-finds/ Nigerian mobile network operators are planning to invest $8.5bn in the next two years to bridge telecommunication infrastructure gap in the country.
The latest report by Global System for Mobile communication Association said this represented an increase of $1.6bn over the past two years. The GSMA Mobile Economy West Africa 2019 report had put the mobile Internet gap in the country at 30 per cent, adding that 29 per cent of the Nigerian population were mobile Internet users… More details through: https://punchng.com/nigerian-telcos-to-invest-8-5bn-to-bridge-network-gap/ Olam International Ltd. made a cash bid to buy Dangote Flour Mills Plc of Nigeria as the Singapore-based agriculture trader looks to expand in West Africa as part of a rejig of its portfolio.
Olam will offer 130 billion naira ($362 million) for Lagos-based DFM, which is part of the business empire of Aliko Dangote, Africa’s richest man. The price was calculated on a debt-free basis, and will be adjusted to account for net borrowings, the Nigerian company said in a statement on Tuesday… More details through: https://www.bloomberg.com/news/articles/2019-04-23/olam-offers-to-buy-nigeria-s-dangote-flour-amid-strategy-shift The Nigerian leather industry generates between $600m to $800m through export annually, a report by JCR-VIS Credit Rating Company Limited.
The report was cited by the Managing Director, Bay Enterprises Limited, Bello Yakasai, while presenting a paper at the Manufacturers Association of Nigeria’s roundtable discussion. The event which held in Kano State recently had the theme, ‘Leveraging Nigeria-China economic relations to industrialise the economy.’… More details through: https://punchng.com/nigeria-earns-600m-annually-from-leather-exports-report/ |
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