Entrepreneur

FG sets aside ₦5b for Local Miners –Fayemi

The Federal Government has set aside N5 billion to empower artisan miners across the country as part of measures to ensure participation of all Nigerians in economic development.

The Minister of Mines and Mineral Resources, Dr. Kayode Fayemi, disclosed this on Saturday when he inspected the gold mining site at Garin Awal at Fakai Local Government Area in Kebbi State.

Institute Makes Case for Made-in-Nigeria Goods

The National President, Polymer Institute of Nigeria (PIN), Prof. Paul Mamza, has advised the Federal Government to provide financial support and equipment to manufacturers of made-in-Nigeria goods to boost Growth Domestic Production (GDP).

Mamza made the appeal in an interview with the News Agency of Nigeria in Abuja on Monday.

Mamza said such backing would also strengthen indigenous manufacturers to produce locally made goods that could compete favourably with the imported ones.

Technicians Get Post Training Attachments at Refineries

No fewer than seventy five beneficiaries of the Petroleum Technology Development Fund (PTDF) Welders Training and Certification Programme (WTCP) have commenced a six-month post training attachment at the Kaduna and Warri refineries.

In a statement signed by Mr Kalu Otisi, Head Press and External Relations in Abuja on Friday, PTDF said the attachment was under a partnership scheme with the four major refining and petrochemical companies to facilitate on-the-job experience for PTDF trained welders.

5m Jobs Annually from Raw Materials Value Chain

The Federal Institute of Industrial Research in Oshodi (FIIRO) Lagos says it has developed an industrial blueprint that can create five million jobs annually.

FIIRO said that the jobs would be created through processing and value addition to the nation’s raw materials.

Prof. Gloria Elemo, the Director-General of FIIRO, made the assertion when the House of Representatives’ Committee on Science and Technology paid an official visit to the institute.

Investors Pump $90m into Flying Taxi

Top high technology investors have doled out $90 million to Lilium, a German start-up with Silicon Valley-scale ambitions to develop a 5-passenger “flying taxi”.

This is one of the best-funded electric aircraft projects to date, Reuters reports.

The company has emerged as one of Europe’s hottest start-ups as it looks to create a new category of aircraft capable of both vertical take-off and electric powered jet flight.

Content Development Management Backs 100% Local Fabrication

The Executive Secretary, Nigeria Content Development Management Board (NCDMB), Mr. Simbi Wabote, said the $200m Nigerian Content Intervention Fund (NCIF) will facilitate its strategic initiative to achieve 100 per cent local fabrication of modular refineries.

Wabote disclosed this at the signing of the Memorandum of Understanding (MoU) on the implementation of the $200 million NCIF, on Thursday in Abuja.

He said that the aim of the fund was to ensure local content development which had become a moral burden to the sector and country at large.

Inter-African Trade: African Entrepreneurs Urged to Contribute Meaningfully

The Minister of State for Trade and Investment, Aisha Abubakar, has urged African entrepreneurs to contribute meaningfully to inter-African trade to boost the continent’s contribution to global trade.

Abubakar, who made the call at the ongoing African SMEs Expo in Lagos, said that although entrepreneurs were being faced with some challenges, their contribution was essential to the growth of the continent’s trade, the Voice of Nigeria reports.

How Tourism can Boost IGR of Local Councils

A hotelier, Ini Akpabio, on Tuesday advised local councils to explore tourism potential at the grassroots to improve their internally generated revenue.

Akpabio, the Group Managing Director, Nanet Hotels and Suits, gave the advice in an interview with the News Agency of Nigeria in Lagos.

According to him, much tourism assets and potential in rural areas have yet to be tapped.

“There is no local government in this country not blessed with tourism potential; therefore, there is the need to explore tourism potential at the grassroots,” he said.

Nigeria needs Industrial Zones to Boost Local Production

A Lagos-based quantity surveyor, Olayemi Shonubi, has called for the establishment of industrial zone in each of the six geo-political zones of the country to boost industrial production.

Shonubi, a former Chairman of Lagos Chapter of Nigeria Institute of Quantity Surveyors (NIQS), made the call in Lagos on Monday while speaking with the News Agency of Nigeria.

He said that establishment of the zones would help to encourage local manufacturers and enhance the growth of the economy.

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