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New Oil Discoveries Threaten Nigeria's Revenue, LCCI Warns... NAIJA INVEST

New Oil Discoveries Threaten Nigeria’s Revenue, LCCI Warns

Jul 30, 2013

The Lagos Chamber of Commerce and Industry (LCCI) has warned that new oil discoveries across various countries pose threats to the nation’s revenue. The President, LCCI, Mr. Goodie Ibru, explained that the United States of America, which is a major importer of Nigeria’s crude oil, is already devising means and methods towards becoming a net oil exporter. Ibru, speaking during the chamber’s Q2 press conference on the economy, stated that the nation’s extreme dependence of government finances and external trade balances on proceeds from the sector could spell doom for the nation’s economy due to the evolving global oil markets….

Fund plans 1000 BTS for rural communities... NAIJA INVEST

Universal Service Provision Fund (USPF) plans 1000 BTS for rural communities

Jul 29, 2013

The Universal Service Provision Fund (USPF) said it would build 1000 base transceiver stations (BTS) yearly in rural communities over the next five years to deepen telecoms penetration and improve service quality. Its Secretary, Mr Abdullahi Maikano, made this known in Lagos at a stakeholders’ forum to discuss the new operating model for the key area implementation of connectivity, which include connectivity and access to ensure sustainability of the rural access. Minister of Communications Technology, Mrs Omobola Johnson, lamented recently that more than 40 per cent of the rural communities in the country were disenfranchised from the benefits of the telecoms revolution….

ekiti state logo... Ekiti Govt. Woos Local, Foreign Investors.. NAIJA INVEST

Ekiti Govt. Woos Local, Foreign Investors

Jul 29, 2013

The Ekiti State Commissioner for Culture and Tourism, Mrs Ronke Okusanya, on Friday urged local and foreign investors to tap into the numerous potentials of the state. Okusanya, who made the call in a statement issued in Lagos, described the state as the haven of tourists in Nigeria. She urged individuals, corporate organisations and other tourists to invest in the sector. “Ekiti State is richly-endowed with tourism potentials. Tourists to the state will be irresistibly charmed with the beauties of Ikogosi. “Ikogosi is a centre where warm and cold water oozing from different sources flowing separately to join in a…

Make millions from photography... NAIJA INVEST

Make millions from photography

Jul 26, 2013

PHOTOGRAPHY is an excellent career choice for anyone who wants to get paid for using his creative talents. It is where reality meets memories, a competitive field where you can start small while you perfect your craft and build a portfolio of your best work. Who can do the business? Any creative and self-disciplined person can successfully explore the industry and make cool money, literally catching his fun. Start-up cost: You can actually start photography without a dime, or with little, even with millions of naira, as you can borrow or rent camera, then print at commercial digital laboratory. You…

Jonathan approves N10b cassava bread fund... NAIJA INVEST

Jonathan approves N10b cassava bread fund

Jul 26, 2013

President Goodluck Jonathan has approved N10 billion for the Cassava Bread Development Fund, Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, has said. Adesina also announced Jonathan’s readiness to launch the Youth Employment Agricultural Programme called the “Nagropreneurs.” He added that the Jonathan will be actively involved in the programme of creating employment through value-chains of the Agricultural Transformation Agenda (ATA). In a statement, the Deputy Director, Press and Public Relations, Greyne Anosike, said the fund is to complement the Ministry’s target for the nation to achieve food security. “The N10billion approval is a way of encouraging us to work hard…

Pakistani Trade Delegation to Visit Nigeria August... NAIJA INVEST

Pakistani Trade Delegation to Visit Nigeria August

Jul 24, 2013

Over 50 Pakistani investors and exporters will be part of a trade delegation to Nigeria in August, Nigeria’s Ambassador to Pakistan, Dauda Danladi has revealed. Danladi said it is a major breakthrough and turning point after President Goodluck Jonathan’s visit to Pakistan last year. According to him it is also an indication that Pakistani investors are ready for strategic penetration into the Nigerian Market. He said the Pakistani investors have shown interest to collaborate with Nigeria in the area of agriculture equipment and machinery, establishing fertilizer production units and farming technology. Other areas of interests are livestock, poultry, fisheries, pharmaceuticals,…

Europe to ban oil stolen from Nigeria... NAIJA INVEST

Europe to ban oil stolen from Nigeria

Jul 22, 2013

The European Parliament is set to stop the purchase of stolen oil from Nigeria in Europe. Any crude oil meant to be sold in the European market is now to be accompanied with a certificate of origin. This was one of the landmark decisions taken at the meeting of the members of the African, Caribbean, Pacific Parliaments and their European Union counterparts (ACP-EU) at the conclusion of their three-day regional meeting in Abuja last week. Mitchell Rivasi (Acting Co- President ACP- EU) and Joyce Laboso (Co- Secretary General) told reporters that the need to stop the huge loss of Nigeria’s…

Lagos moves to raise fish production... NAIJA INVEST

Lagos moves to raise fish production

Jul 19, 2013

Lagos State government plans to increase fish production to eliminate poverty and raise the people’s nutrient intake,Deputy Governor of Lagos State, Mrs Adejoke Orelope–Adefulire said. Speaking during the artisanal fishing inputs delivery service programme for fishermen in Badagry, Mrs Orelope Adefulire, who spoke through the Commissioner for Rural Development, Pastor Cornelius Ojelabi , said the estimated yearly consumption of fish in the state is 260,000 tonnes but farmers can only produce 130,000 tonnes. She said Lagos is working to create an opportunity to produce additional fish and improve the income of fish farmers and fishermen. The Deputy Governor said the…

LUCRATIVE INVESTMENTS

How basket weaving yields profit... NAIJA INVEST

How basket weaving yields profit

Weave and Co. is an indigenous company mainly into basket works, furniture making, wood work, sculptural and metal works, sourcing everything locally. The basket work was started four years ago while the sculptural and metal works started about 16 years ago. Founder Ora Akpague, the founder, studied English Language at the University of Jos. She says, “I have always been very good with my hands. I dabbled into tailoring at a time, but when I came in contact with some furniture makers, we decided to work together. I was producing in a factory in Cotonou, Benin Republic, because of poor…

Establishment of a modern bakery... NAIJA INVEST

Establishment of a modern bakery

The importance of food to the existence of human race cannot be overemphasised. Food must be available in the right quantity, right quality and at the right time for human beings to have meaningful existence. It is against this background that all efforts must be made to promote food and allied productions. Bread is a major product of bakery and about the most demanded all over the world. The implication of this is that demand for bread is automatic. Consumption of bread cuts across all ages, gender and races. Bread is taken virtually every minute. It can be taken as…

Make millions from photography... NAIJA INVEST

Make millions from photography

PHOTOGRAPHY is an excellent career choice for anyone who wants to get paid for using his creative talents. It is where reality meets memories, a competitive field where you can start small while you perfect your craft and build a portfolio of your best work. Who can do the business? Any creative and self-disciplined person can successfully explore the industry and make cool money, literally catching his fun. Start-up cost: You can actually start photography without a dime, or with little, even with millions of naira, as you can borrow or rent camera, then print at commercial digital laboratory. You…

Investors bank on buy-to-let properties for high returns... NAIJA INVEST

Investors bank on buy-to-let properties for high returns

Nigerian  developers are shying away from the otherwise promising build or buy-to-let segment of the property market,unlike in the United Kingdom, United States and South Africa, where that segment is delivering fabulous returns to investors. However, mortgage operators in Nigeria are optimistic that a positive mortgage outlook arising from the on-going reform and recapitalisation of the primary mortgage banks (PMBs) as well as the on-going establishment of a Mortgage Refinance Company (MRC) by  government and the World Bank, will spur interest in that market. Property market analysts explain that investment in build-to-let or buy-to-let property is not popular here, because…