Investors have been advised to channel their funds to the manufacturing sector, especially the agro-process, renewable energy and pharmaceutical industries among others. Experts described these industries as lucrative segments that will give investors desired returns.
The advice was given by the Nigerian Economic Summit Group (NESG) in its Sectoral Reforms and Investments in Nigeria Report, which was seen by Nairametrics.
The Group explained that Nigeria has numerous favourable conditions for investment, especially in its manufacturing sector. Some of the conditions listed include large arable land, strategic location in Africa, large market and opportunities presented by the AfCFTA.
The NESG also highlighted that import-dependent manufactured and agricultural goods accounted for 72.5% of total import in 2020, and weak manufactured goods exports – share of manufactured goods to total exports was 7.7% in 2020.
Ugo Aliogo
The Director-General, National Agricultural Seeds Council (NASC), Dr. Philip Ojo, has stated that the Plant Variety Protection (PVP) Bill will provide intellectual property protection to breeders and improve food security in Nigeria.
Ojo, disclosed this during a virtual meeting organised by the Nigerian Economic Summit Group (NESG) and the National Agricultural Seeds Council (NASC) in collaboration with the Alliance for a Green Revolution in Africa (AGRA) with the theme: âExpert review of the Plant Variety Protection Bill: Significance and Constraints.â
He said the NASC and other stakeholders have helped facilitate the PVP bill which is currently awaiting Presidential assent.
How to bounce back from COVID-19 Disrupted Schooling: A Guide for School Owners (2)
Published 10 May 2021
There is no debate that the education sector was the most prominent victim of the COVID-19 pandemic globally. The shutting down of schools to save children from the rapid spread of the lethal virus had far reaching economic and educational implications for schools, especially in Nigeria.
With the private sector controlling about 43% of Nigerian schools’ ownership (Federal Ministry of Education, 2019), the economic effect bites beyond the walls of the schools to the communities.
According to Global Schools Forum’s report by Teachout and Zipfe, on the sub-Sahara education sector, 50% of teachers working in private schools suffered a 50% dip in salaries pay-out in 2020. Similarly, a survey by Education International revealed that, among 93 Teacher Union from 67 countries, nearly two-thirds reported that education workers in private institutions had been significantly affecte
Microsoft disclosed in a statement saying:
“Six regions in the country have been earmarked for the development of high-speed internet infrastructure. Microsoft’s Airband team will work closely with local partners to improve broadband connectivity in these communities while also assisting with the design and implementation of hyper-scale cloud services.”
The FG stated that Microsoft’s AirBand Tech has enabled rural and underserved communities gain access to high-speed internet connectivity, tapping into the unused broadcasting frequencies of television white spaces. The technology is also cheaper and faster to deploy than fibre and is coming at a time when telecoms have been the brightest spot of Nigeria’s economy in a period of declining growth.
Views: Visits 6 By Prince Okafor The Nigerian Economic Summit Group (NESG) and the National Agricultural Seeds Council (NASC) in collaboration with the Alliance for a Green Revolution in Africa (AGRA) have called on President Muhammadu Buhari to assent to the Plant Variety Protection (PVP) Bill now, stressing that it will unlock potentials across Nigeria’s Agricultural ecosystem while protecting farmers. Speaking during an Expert review webinar with the theme “Expert review of the Plant Variety Protection (PVP) Bill: Significance and Constraints,” NESG Board member and Co-Founder/Managing Partner of Sahel Consulting Agriculture & Nutrition Ltd, Dr. Ndidi Nwuneli said the PVP bill has an important role to play across Nigeria’s Agricultural ecosystem.