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In a bid to boost the growth of Small and Medium Enterprises (SMEs) in Nigeria, the Nigeria Export Processing Zones Authority (NEPZA) has expressed readiness to include SMEs into ‘export business accelerator program,’ as a means to integrate same into the Special Economic Zones (SEZ) scheme for the greater good of the country’s business environment.
Speaking in Abuja, the Managing Director of NEPZA, Prof Adesoji Adesugba said a new SEZ model could be developed to allow the SMEs to undertake ancillary activities within the established zones.
“With more than 60 million Nigerians engaged in SMEs, the Federal Government will do good to consider the adoption of programs similar to Kenya’s to boost growth for these smaller companies.
NPA turns screw on BUA Sugar Refinery, bans importation from FTZ tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
While, a monopoly in an economy could not be described as an animate being in the same way that mythical Medusa was, its menace of destructively consuming communities renders it an altered personification of a hydra-headed monster itself. And like most fabled Gorgon monsters, a valiant heroic Titan is needed to defeat it.
In our world, the recent ‘sugar’ dispute between Dangote Industries Limited and The BUA Group is a modern-day reverberating saga of how this different form of hydra-headed monster, is being confronted and gallantly defeated by one of Nigeria’s very own indigenous Titans.
A monopoly, in any form, is truly a hydra-headed monster, which has a penchant for destroying the Nigerian dream and does not prognosticate well for the economy primarily. There are several facets that render a monopoly a hydra-headed monster, least of which is that it creates a market concentration that likely results in higher commodity prices than in a more competitive market.
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Fri Apr 23 2021
The Intellectual Property Institute Nigeria says it would join the World Intellectual Property Organization (WIPO) to mark the 2021 World Intellectual Property Day with the theme: “SMEs: Bringing Your Ideas to Market”.
IPIN Director, Mr. Damilola Amore, said the global event would be marked with a symposium on Monday, 26th April via Zoom.
He added that the event which would be marked all over the world will focus on helping small and medium scale businesses grow their intellectual assets.
He said speakers at the event would discuss ways in which Nigerian Businesses can benefit from and protect their Intellectual Property.
Ibrahim Shuaibu in Kano
Kano State Governor, Dr. Abdullahi Ganduje, has resolved the dispute between the Dangote Group and BUA Group, owned by two prominent indigenes of the state, Alhaji Aliko Dangote and Alhaji Abdul Samad Rabiu, respectively.
In a statement yesterday, the governor’s Chief Press Secretary, Mr. Abba Anwar, said the reconciliation meeting took place on Wednesday in Abuja.
Anwar said the meeting was held to end claims that the duo was at loggerheads over the control of sugar business in the country.
He stated that after the meeting, the leaders of the two companies agreed to work together to supply enough sugar to the country.