Connect with us
//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});

Published

on

The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, said the federal government had opened discussions with Innoson Vehicles Manufacturing Company and other key indigenous vehicle manufacturing companies with a view to producing ventilators in the country.

This is even as the President of the Manufacturers Association of Nigeria (MAN), Engineer Mansur Ahmed, disclosed that manufacturers had increased Nigeria’s domestic production capacity for face masks from two million masks in February to 27 million now.

The minister, who updated journalists on #COVIDー19 pandemic and its implications for the manufacturing sector in Abuja, said the government received a proposal from Innoson Vehicle Manufacturing Company to produce ventilators and similar proposals had been submitted by other indigenous auto manufacturers and that the various proposals are being considered.

READ ALSO  BREAKING: Access Bank seeks to buy Zambian bank

“We are also engaging our indigenous car manufacturers at this time to prepare them to tweak their operations to begin the manufacture of ‘Made in Nigeria’ ventilators – critical medical equipment in the fight against the virus,” he said.

The ministry had last month set up a committee on “the sustainable production and delivery of essential commodities” during the #COVIDー19 pandemic, amongst others.

READ ALSO  What Nigeria must do to stop extreme poverty – World Bank

Adebayo said the ministry had been collaborating with the Manufacturers Association of Nigeria (MAN); the Nigerian Association of Chamber of Commerce Industry Mines and Agriculture (NACCIMA); Nigerian Traders Association (NANTS);and other relevant stakeholders to guarantee unhindered production of essential items like food, medical and pharmaceutical products.

The MAN President, Engineer Ahmed, said manufacturers had braced the lockdown to ensure uninterrupted production of essential goods, including supply of raw materials.

The industrialist said as imports of essential goods dropped, local manufacturers were trying to bridge the gap by ramping up domestic production.

READ ALSO  CBN issues fresh guidelines on payments system
Loading...

Abass Sulaiman Adegoke, well known as Adegoke is a student of Federal Polytechnic Ede studying Civil Engineering, He is a media enthusiast, loves traveling, and has a special interest in personal development.

Advertisement //pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({ google_ad_client: "pub-7404936528073869", enable_page_level_ads: true });
9 Comments

9 Comments

  1. vurtilopmer

    April 11, 2020 at 11:09 am

    Thanx for the effort, keep up the good work Great work, I am going to start a small Blog Engine course work using your site I hope you enjoy blogging with the popular BlogEngine.net.Thethoughts you express are really awesome. Hope you will right some more posts.

  2. smore traiolit

    April 13, 2020 at 7:09 pm

    Great write-up, I am normal visitor of one?¦s site, maintain up the nice operate, and It’s going to be a regular visitor for a lengthy time.

  3. in the know how to buy stocks

    June 2, 2020 at 11:38 am

    Great weblog right here! Additionally your site quite a bit up fast! What host are you the use of? Can I am getting your associate link in your host? I desire my site loaded up as quickly as yours lol|

  4. Facebook Marketing

    June 5, 2020 at 6:12 pm

    I very like this blog. Everything is cleared.

  5. what g

    June 21, 2020 at 10:45 am

    This is my first time pay a quick visit at
    here and i am truly pleassant to read everthing
    at single place.

  6. Anderson Demoya

    June 23, 2020 at 2:35 pm

    Thanks for your personal marvelous posting! I genuinely enjoyed reading it, you will be a great author. I will be sure to bookmark your blog and will come back in the foreseeable future. I want to encourage you to ultimately continue your great job, have a nice afternoon!

  7. Willian Placencio

    June 24, 2020 at 11:23 am

    There is certainly a lot to learn about this topic. I like all the points you made.

  8. http://tinyurl.com/y7769ga9

    June 26, 2020 at 10:17 pm

    hello!,I like your writing so a lot! proportion we be in contact more approximately your article on AOL?

    I require an expert in this area to unravel my problem.
    Maybe that’s you! Looking forward to peer you.

  9. grolyrtolemcs

    July 2, 2020 at 10:57 am

    As I site possessor I believe the content matter here is rattling wonderful , appreciate it for your hard work. You should keep it up forever! Good Luck.

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

BREAKING: Access Bank seeks to buy Zambian bank

Published

on

By

Access Bank Plc has commenced an exclusive discussion towards full acquisition of Cavmont Bank Limited, a Zambia-based financial institution.

Access Bank is seeking to consummate the acquisition through its Zambian subsidiary, Access Bank Zambia Limited.

In a regulatory filing at the Nigerian Stock Exchange (NSE), Access Bank stated that it has entered discussions to acquire 100 per cent equity stake in Cavmont Bank Limited from Cavmont Capital Holdings Zambia Plc, the sole owner of Cavmont Bank.

While the discussions on the merger have reached advanced stage, Access Bank stated that there is no certainty yet on agreement or terms of the transaction, urging investors to exercise caution when dealing on its shares.

READ ALSO  CBN issues fresh guidelines on payments system

According to the bank, the completion of the transaction is subject to formal regulatory approvals.

“Access Bank will update the market as appropriate and in accordance with its disclosure obligations,” Access Bank stated.

Access Bank had last year acquired Diamond Bank Plc in a merger that leapfrogged the first-tier commercial bank atop the retail banking segment.

The business combination with Diamond Bank nudged Access Bank’s rating as a leading Tier 1 Nigerian bank into the largest bank in Africa by number of customers, spanning three continents, 12 countries, 3,100 Automated Teller Machine (ATM), more than 33,000 Point of Sales (PoS) terminals, 27 million clients and more than 10 million mobile customers.

READ ALSO  Don't know how to make money? Here are our proven ways to make money fast

Group Managing Director, Access Bank Plc, Dr Herbert Wigwe, has said the bank’s strategic plan is to become the most important bank and gateway to Africa.

Loading...
Continue Reading

Business

Fuel Price Increase: All Filling Station Owners In Nigeria Should Take Note Of This

Published

on

Fuel Price Increase: All Filling Station Owners In Nigeria Should Take Note Of Thi

Filling station owners should take note of this on what should be done concerning the price of fuel.

 

There is no doubt that the covid-19 outbreak in Nigeria has drawn the progress of various sectors of the country back. Moreover, this might lead to a change in different sectors of the economy, as the vice president, Yemi Osinbajo had earlier said that the challenges posed by COVID-19 pandemic to the country has presented an unusual opportunity for Nigeria to reset critical sectors of it’s economy.

READ ALSO  Apply for MTN Fresh Recruitment 2019 (At MTN Portal

In sync with this, all owners of filling station in Nigeria should consider making positive changes in the price of fuel. Considering that the incomes of citizens are draining down on a daily basis as many are left with nothing to do due to the covid-19 outbreak, owners of filling station in Nigeria Should think of how to make the price of fuel favourable.

READ ALSO  CBN, Banks Introduce New Measure to Boost Financial Inclusion

 

Filling Station Owners should never think of increasing the price of fuel, rather, they should consider decreasing the price of fuel within this hard time of Covid-19 pandemic. This will go a long way to help.

Nigerian citizens will appreciate if filling station owners will consider reducing the price of fuel.

Loading...
Continue Reading
Advertisement
Advertisement

Inspirational Tips

Advertisement
Loading...

Trending

WhatsApp Join Our WhatsApp Chat
%d bloggers like this: