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Manufactured imports rise to N40 94tn, Nigeria exports N4tn goods

Manufactured imports rise to N40.94tn, Nigeria exports N4tn goods The Punch Published 13 July 2021 • Our goods are of high standards but environmental constraints drive up cost – MAN Between January 2017 and March 2021, Nigeria spent N40.94tn on the importation of manufactured goods. It earned only N4.22tn on the export of manufactured goods within the same period. These are according to data obtained from the Foreign Trade report of the National Bureau of Statistics. In the review period, total value of imports was N66.43tn and total value of exports was N67.30tn. Manufactured goods dominated the import bill but contributed little to the export bill of the nation.

We spend 30% production cost on power generators – MAN

He stated that the cost of sourcing energy from the national grid has not been business-friendly either. Kadiri, however, said energy management systems and energy system optimization could sustainably reduce manufacturers’ energy consumption and cost. The Country Representative and Regional Director, UNIDO Regional Office Hub, Mr Jean Bakole, said globally, industries account for one-third of total energy consumption and for almost 40% of worldwide carbon dioxide (CO2) emissions. The Commissioner for Environment and Water Resources in Lagos, Mr Tunji Bello, said industrial emissions are the second source of air pollution in Lagos. He stated that the concentration of industries in commercial zones in the state like in Apapa, Ikeja, Idumota, Odogunyan, among others has increased air pollution and poor air quality.

Business Scoop » Fair Pay Agreements Not The Future Of The Workplace

Press Release – EMA Inflexible, compulsory national awards are not the future of the workplace for employers or for employees says the Employers and Manufacturers Association. “The fact the Government is pursuing these agreements in the face of contrary advice from officials … Inflexible, compulsory national awards are not the future of the workplace for employers or for employees says the Employers and Manufacturers Association. “The fact the Government is pursuing these agreements in the face of contrary advice from officials within MBIE highlights they are a step back in industrial relations for New Zealand,” says EMA CEO Brett O’Riley. Mr O’Riley said it was widely agreed by employers, the union movement and even current government ministers that the future of work was an adaptable, fast-moving and flexible workplace.

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