Manufacturers Association of Nigeria, MAN, has appealed to the Federal Inland Revenue Service (FIRS) to bring more tax payers into the tax net as a means of increasing tax revenue, rather than increasing tax rates. President of MAN, Engr. Mansur Ahmed, made the call yesterday while engaging the Executive Chairman of FIRS at an interactive […]
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Against the backdrop of the worsening public power supply, new data have emerged showing that manufacturers in Nigeria spent a total of ₦246.38 billion generating their own electricity between 2016 and 2017. Further analysis of the data compiled by the Manufacturers Association of Nigeria showed that the operators spent ₦129 billion in 2016 and ₦117.38 […]
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The Manufacturers Association of Nigeria (MAN) said the inventory of unsold finished products in the warehouses of members of the association rose by 255 percent to ₦321.12 billion in 2017 from ₦90.43 billion in 2016. Immediate past President of MAN, Dr Frank Jacobs, stated this in Lagos at the 46th Annual General Meeting (AGM) of […]
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The Manufacturers Association of Nigeria has lamented that locally produced goods are still finding it difficult competing in the global market. The President, MAN, Dr Frank Jacobs, declared this on Saturday at the 34th Annual General Meeting and Public Lecture of MAN, Rivers/Bayelsa branch, in Port-Harcourt. Commenting on the theme of the event, which was […]
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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kachalla Baru, Deputy Managing Director, Total E&P Nigeria, Ahmadu-Kida Musa, President, Petroleum Club, Dr. Godswill Ihetu and other industry stakeholders will lead discussions around emerging issues in the oil, gas and power sectors at the Association of Energy Correspondents of Nigeria’s (NAEC) Annual Conference […]
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The Manufacturers Association of Nigeria (MAN), yesterday, dissociated the Organised Private Sector (OPS) from the call by the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) for the federal government to sign the African Continental Free Trade Agreement (AfCFTA). President of MAN, Dr Frank Jacobs, said at a news conference, that the […]
Read More The Manufacturers Association of Nigeria (MAN) said utilisation of local raw materials in the country has steadily increased over the past three years, hitting 63.21 percent in 2017, due to increasing government support for backward integration. President of MAN, Dr. Frank Jacobs, disclosed this to Vanguard while commenting on the first quarter, 2018 (Q1’18) Foreign […]
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The electricity sector has recorded losses amounting to ₦187 billion as a result of inadequate gas, poor distribution and transmission as well as water reserves constraints. The losses recorded between December, 2017 and May, 2018 has affected the generation, transmission and distribution of adequate and stable electricity to consumers in Nigeria. A report obtained by […]
Read More The Distillers and Blenders Association of Nigeria (DIBAN), a Sub-Sectoral Group of Manufacturers Association of Nigeria (MAN), has raised the alarm over the threat to its ₦420 billion investment due to the recent proposal to increase excise duties. The group, in an open letter to President Muhammadu Buhari, said the proposal by the Federal Government […]
Read More The Manufacturers Association of Nigeria (MAN) has cautioned the Federal Government over its rising debt profile in view of the associated service charges and the future economic burden. President of MAN, Dr. Frank Jacobs, warned that for the 2018 budget tagged, “Budget of Consolidation” to achieve the desired objectives with minimal negative impact on the […]
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Director of Government Relations and Public Policy, sub-Saharan Africa Operations, Procter and Gamble (P&G), Mrs. Temitope Illuyemi disclosed this in Lagos quoting statistics from the Raw Materials Research and Development Council (RMRDC). She disclosed this while speaking at a forum for suppliers in the manufacturing sector organized by the company in partnership with the Federal […]
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Geogrid LighTec Limited, an independent power generation company, and the Manufacturers Association of Nigeria have signed a Memorandum of Understanding for the delivery of 10 megawatts of embedded generation within the Ikeja industrial cluster. The Chairman, Manufacturers Power Development Company Limited, Mr. Ibrahim Usman, said the deal was part of efforts to make available alternative […]
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