By abdulfatah Babatunde The Tinubu Media Support Group (TMSG) has praised the Federal Government for the new N20 billion Consumer Credit Fund initiative to boost the local automotive industry. TheNewsZenith reports that TMSG’s Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, gave this commendation in a statement on Tuesday in Abuja. The group noted that this […]
From Abdulfatah Babatunde, Osogbo The National Automotive Design and Development Council (NADDC) has revealed that the Federal Government established the Auto Industrial Park in Osogbo, Osun State, due to proximity to raw materials. Mr Joseph Osanipin, Director-General of NADDC, made this known when he paid a courtesy call to Governor Ademola Adeleke of Osun State. […]
From Our Correspondent President Bola Ahmed Tinubu has approved the appointment of the Infrastructure Corporation of Nigeria (InfraCorp) as the Lead Developer of Evergreen City, Nigeria’s green industrial zone. TheNewsZenith reports that the appointment is in line with the President’s commitment to ensure industrial development in the country. In approving the appointments, the President outlined […]
A malfunctioning robot has attacked a Tesla software engineer, who suffered serious injuries on the floor of the electric car maker’s factory in Austin, Texas. Witnesses told the Information, a news site that the robot pinned the engineer and sank its metal claws into his back and arm. Tesla engineers design the robot to move aluminium […]
By Our Correspondent Minister of Innovation, Science and Technology, Uche Nnaji, has reaffirmed the Federal Government’s commitment to support Nigeria’s industrialisation agenda through demand-driven research and development. Nnaji gave the assurance at the eighth edition of the Nigeria Manufacturing and Equipment Expo (NME-Expo) and the Ninth Edition of the Nigerian Raw Materials Expo (NIRAM-Expo), on […]
From Our Correspondent National Agency for Science and Engineering Infrastructure (NASENI) and three Chinese partners have signed Memorandums of Understanding (MoUs) for new projects valued at $2 billion. Mr Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Office of the Vice President, announced this in a statement on Thursday in Abuja. […]
India’s factory activity, determined by the Index of Industrial Production (IIP), grew 5.7 per cent in July, the government data showed on Tuesday. For the month, the quick estimates of IIP with the 2011-12 fiscal year’s base stand at 142. In July, the indices of industrial production for mining, manufacturing and electricity sectors stood at […]
From Our Correspondent in Abuja A Presidential aide has challenged trade and industry stakeholders to initiate the right policies and proper implementation of the existing laws to address challenges affecting operation of free trade zones (FTZs) in Nigeria. Special Adviser to the President on Industry, Trade and Investment, John Uwajumogu, stated this at a stakeholders […]
The Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo will on May 22, inaugurate the state-of-the-art fashion industry in Kogi State. The facility, under the National MSME Clinics Shared Facility Scheme, is reputed to be the largest fashion industry in the North-Central Region. Yemi Balogun, Information Officer of Kogi Enterprise Development Agency […]
By Our Correspondent in Abuja The Nigeria Export Processing Zones Authority (NEPZA) says it will attract $20 billion in free zone investment in Delta State. The Managing Director of NEPZA, Prof. Adesoji Adesugba made the pledge at the license presentation of the Delta Special Economic Zone (DSEZ) to the state government, on Wednesday, in […]