February 23, 2018

BOI pledges support to Nigerians in Diaspora

BOI pledges support to Nigerians in Diaspora... NAIJA INVEST

The Bank of Industry (BoI) will support Nigerians in the Diaspora to invest in the manufacturing sector. Its Principal Manager, Strategic Planning, Mrs Betty Obaseki, has said. Speaking at a capacity building workshop for Micro, Small and Medium Enterprises (MSMEs) in Abuja, she said the bank was considering setting up a special desk in Lagos and Abuja to attend to the needs of such Nigerians. The workshop was organised by the Ministry of Industry, Trade and Investment as part of activities to mark the 2013 Diaspora week. “We are considering setting up a special desk in collaboration with the ministry…

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Foreign Investments to Provide 100,000 Jobs in Cross River — Imoke

Foreign Investments to Provide 100,000 Jobs in Cross River --- Imoke... NAIJA INVEST

Gov. Liyel Imoke of Cross River on Saturday urged youths to take advantage of government’s envisaged job creation from foreign investments. Imoke said about 40,000 direct and 74,000 indirect jobs were being expected from foreign investments in the state. He gave the advice at the Bridge Leadership Foundation 2013 Career/Founder’s Day in Calabar. According to Imoke, there has been tremendous entry of foreign investments into the state, based on the economic climate created by the administration. “These investments will provide about 40,000 direct jobs and about 74,000 indirect jobs, meaning that youths need to equip themselves with the prerequisite practical…

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FG approves N300m for capacity building for Nollywood

FG approves N300m for capacity building for Nollywood... NAIJA INVEST

Abuja –  The Federal Government has approved N300 million out of the three billion naira intervention fund for capacity building to boost the Nigerian film industry. This is contained in a statement issued in Abuja on Sunday by Mr Paul Nwabuikwu, Spokesman for the Minister of Finance and Coordinating Minister for the Economy, Dr Ngozi Okonjo-Iweala. “Action on the three billion naira support promised the Nigerian film industry by President Goodluck Jonathan has formally commenced with the roll out of a N300 million capacity building fund.’’ The statement noted that the capacity building fund was the first of a series…

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LAUTECH to begin drug production

LAUTECH to begin drug production... NAIJA INVEST

Prof. Olufemi Fadiora, the Chief Medical Director of Ladoke Akintola University Teaching Hospital, Osogbo, said on Monday that the hospital would soon commence drug manufacturing in commercial quantity. Fadiora, who spoke with journalists in Osogbo, said the hospital would not derail from its mandate of ensuring qualitative health care. He said the hospital had registered ‘’LAUTECH Pharmaceutical Company Limited’’ with a view to preparing the ground for the take-off of production. Fadiora said the hospital was capable of producing about 10,000 bottles of assorted liquid syrup per day for adults and children. “ Apart from producing our own drugs, we will play…

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Over 200 investors express interest in 10 power plants amidst fears of policy summersault

http://businessdaynigeria.com/over-200-investors-express-interest-10-power-plants-amidst-fears-policy-summersault.. NAIJA INVEST

Over 200 investors have indicated interest in the ten power plants being put up for sale by the Niger Delta Power Holding Company, under the National Integrated Power Project (NIPP) as the road show for the sales effectively kicked off yesterday in Lagos. The ten power plants are Omotoso in Ondo State (450MW), Sapele in Delta (450MW), Geregu in Kogi (434MW), Olorunsogo in Ogun (750MW) and Ihovbor in Edo (450MW). Others are Gbarain in Bayelsa (225MW), Alaoji in Abia (450MW), Calabar in Cross River (561MW), Egbema in Imo (338MW) and Omoku in Rivers (225MW). But some investors have expressed fears…

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