Browsing Tag
Industrialization
9 posts
ITUC-Africa criticizes Nigeria’s electricity subsidy removal strategy
ITUC-Africa has denounced the Nigerian government's plan to phase out electricity subsidies, arguing the move favors international institutions over the well-being of the working class and threatens industrial progress.
Dangote and Sinoma Ink $800 Million Deal to Double Itori Cement Capacity
Dangote Industries and Sinoma have committed $800 million to expand the Itori Cement Plant, doubling its annual production capacity to 12 million metric tonnes to serve local and export markets.
Concerns mount over CBN exit from manufacturing credit support
The CBN's decision to stop direct funding for manufacturers has sparked alarms over a widening credit gap and potential decline in industrial production during a difficult economic period.
Benue Investment Company Urges Farmers to Keep Oranges Within State Borders
The BIPC is urging Benue farmers to sell oranges to local processing plants instead of exporting them, aiming to protect state industrialization and create local jobs.
Unlocking a Seven-Billion-Dollar Future: Nigeria’s Cassava Industrial Transformation
Nigeria is moving to transform its status as the world's top cassava producer by shifting from subsistence farming to high-precision industrial processing, aiming to unlock a seven-billion-dollar domestic value chain.
Afreximbank Chief Urges African Nations to Stop Raw Lithium Exports and Launch EV Battery Manufacturing
Afreximbank President Dr. George Elombi is calling for a shift in African economic strategy, urging nations to manufacture EV batteries locally rather than exporting lithium, while criticizing biased international rating agencies.
Scaling Nigeria’s Cassava Industry Beyond Raw Production
Nigeria dominates global cassava production, but failing to industrialize this supply leaves the country dependent on imports. Moving toward a model of value-added processing is essential for economic growth.
Experts urge local investment to replace $2.1 billion ceramic imports
Industry stakeholders at the NCISPE 2026 summit are calling for increased local production to offset a projected $2.1 billion in ceramic imports, criticizing the absence of key government agencies at the event.
AFNIS 2026: President Tinubu Calls for Unified African Strategy to Maximize Mineral Wealth
President Bola Tinubu urges African nations to unite, cease raw mineral exports, and prioritize local processing and industrialization to boost the continent's economic future.