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NESG: Plant protection law implementation to boost export, attract foreign investments
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What would it take for Nigeria, others to manufacture vaccines?
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SPECIAL REPORT: How prices of rice, other cereals in Nigeria doubled in one year
The rates of widely eaten cereals and legumes rose by a average of 98 per cent in the last one year. 8 min read
The prices of major legumes and cereals in Nigeria rose at an average of about 98.85 and 99.9 per cents respectively in the last one year, a PREMIUM TIMES market survey has shown.
The prices of staples such as rice, beans, groundnut, soybeans, maize, sorghum, and millet were surveyed across some major markets located in different regions of the country. The prices of grains such as rice, maize, sorghum, and millet have risen by 44.4 and 117 per cents respectively.
FG to spend 47% of its four-year revenue on debt servicing
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Nigerian leather industry can generate over $1 billion by 2025, says a study by the Nigerian Economic Summit Group (NESG). Foreseeing an enormous potential for more jobs and much higher exports, vice president Yemi Osinbajo said the NESG projection also indicates that the leather industry has the potential to raise its earnings by 70 per cent by 2025. The leather value chain includes animal husbandry, tanneries, finished leather products and leather products marketing. Nigeria’s leather and leather products industry currently employs over 750,000 workers, with about 500,000 in the finished leather goods sector. To date, however, exports are in the order of $272 million. The big markets for Nigeria’s semi-finished and finished leather are Italy, Spain, India, South Asia and China.