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Mikano unveils flagship Geely models
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Mr. Mofid Karameh, Chairman, Mikano International Limited (left) and Mr. Richard Adeniyi Adebayo, Minister of Industry, Trade and Investment, during the launch of Geely X7 Sport and Emgrand 7 in Lagos.
By Theodore Opara
It was an unveiling several notches higher than the usual when Mikano International Limited, exclusive partner of Geely Automotive in Nigeria, hosted dignitaries at the launching/unveiling of Geely flagship models EMGRAND 7 & X7-SPORT.
The day was January 21, and place was ZORYA Place, Victoria Island Lagos.
“It took us 10 years to make up our mind on which company to bring into Nigeria so we can be sure to deliver the best to our esteemed customers,” said Chairman and CEO of Mikano International Limited, Mr. Mofid Karameh.
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By Rukayat Moisemhe
Lagos, Dec. 29, 2020 Like many governments, the Nigerian government has identified industrialisation as the tool to generate tangible non-oil revenue, increase employment opportunities, and contribute maximally to GDP.
As part of government’s efforts at engendering sustainable economic recovery, some fiscal and monetary policies were rolled out, particularly to benefit Micro, Small and Medium Enterprises.
In spite of the policies, the manufacturing sector contracted by 0.43 per cent in the first quarter of 2020; by -8.78 per cent in the second quarter and by -1.51 per cent in the third quarter of the year.
Dr Muda Yusuf, Director-General, Lagos Chamber of Commerce and Industry listed the major challenges faced by the business community in the outgoing year to include liquidity crisis in the foreign exchange market, sharp exchange rate depreciation, high energy and production cost.
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Ife Ogunfuwa
Stakeholders in the private sector say Nigeria’s competitiveness within Africa will improve if the government bridges the infrastructure deficit in the country.
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Manufacturers Association of Nigeria and Association of Bureaux De Change Operators of Nigeria spoke at a workshop organised by the Commerce and Industry Correspondents Association of Nigeria in Lagos.
They also called for an improvement in port facilities to facilitate participation of Nigeria in the African Continental Free Trade Area.
The Director-General, NACCIMA, Ayoola Olukanni, said policies must be implemented to improve ease of doing business and to reduce the cost of doing business, especially for SMEs, which contribute about 48 per cent to the national GDP and provide about 84 per cent employment according to various studies.