Lagos, Dec.1, 2022 – The Manufacturers Association of Nigeria (MAN) today said the negative growth of the sector’s Gross Domestic Product might discourage potential investors from investing in the sector. The Nigerian Bureau of Statistics (NBS) 2022 third quarter GDP report recently released said the sectors’ GDP declined further to 8.59 per cent from 8.96 per cent in the second quarter of 2022. MAN reacted to the NBS report by issuing its own position paper where it said the GDP statistics would send unfavorable signals to potential investors in the …
Research: Presidential panel selects 25 firms for $10.5m Nigeria/Czech projects
Abuja, Dec.1, 2022 – Twenty five firms have been shortlisted the Presidential Implementation Committee (PIC) on Technology Transfer/Information for the over $10.5 million research projects exchange between Nigeria and Czech Republic. President Muhammadu Buhari has approved for the National Agency for Science and Engineering Infrastructure (NASENI to invest N2 billion (about $5.7 million) in profitable manufacturing and commercialisation of successful research products. NASENI will also serve as a partner with any willing company on such products. The agency’s Executive Vice Chairman, Prof Mohammad Sani Haruna, said this during while results …