Rossikk....

Cut this thread off.....

You rile up people with this type of in- your - face falsehood

Please stop offending our sensibilities.

In one of the pix up there....I was deeply involved in the transaction regarding the site on which the project is standing. I can categorically confirm that it has got absolutely nothing to do with GEJ agenda.

payless:


Go back to first page and confirm who threw the first insult.

I did, and it was YOU.

Even the Manufacturers Association of Nigeria (MAN) affirms that industrial capacity utilisation rose from 46.44 per cent in 2010 to 48.24 per cent to date

a 2% rise in three years

gej monkeys no go kill pesin with laff

NIGERIA: Purchasing index indicates steady expansion in manufacturing

June 5, 2013 | Filed under: Markets |

http://businessdayonline.com/2013/06/purchasing-index-indicates-steady-expansion-in-manufacturing/

Nigeria’s purchasing managers index (PMI), an indicator for economic activity, has in the past five months, risen steadily, which indicates a good measure of expansion in the manufacturing sector, according to FBN Capital.

The FBN Capital PMI released Monday, showed a reading of 53.8 for May, falling from the 59.6 posted in April. However on aggregate note, the PMI’s for the first five months of the year were well above the 50 mark, which is the dividing line between growth and contraction.

The Purchasing Managers Index is released on the first day of the month, and it reflects percentage of purchasing in a month, while measuring five factors in business: new orders, inventory levels, production, supplier delivers, and employment conditions. Each of these five factors are adjusted and weighed according to time of year and other events.

A PMI over 50% means that manufacturing is growing and expanding. A PMI under 50% means that manufacturing is declining. A PMI of 42.7% or more over a long period of time means the economy as a whole is expanding. A PMI of 42.7% or below, over a long period of time means the economy as a whole is contracting.

“The readings in May for employment and stocks of purchases were broadly flat, while those for output, new orders and delivery times showed healthy improvement,” FBN capital analysts, led by Gregory Kronsten, said in a note released Monday.

“Manufacturing growth has been steadily picking up, to 8.4 percent year on year (y/y) in the first quarter of 2013 from 5.2 percent one year earlier.”

Manufacturing which accounts for about 10 percent of the Nigerian economy, has been finding support recently as the demographic growth and rising incomes spur demand for FMCG, cement , appliances and home-decor items.

Nigeria’s economy is anticipated by the IMF to grow at an average of 6.8 percent annually between 2012 and 2017.

Over the past decade, GDP per capita has risen from $379 to $1,452; driving a stronger demand for consumer goods and the capacity for increased local production is increasingly being put in place by companies to meet the growing demand.

Manufacturing stocks have mostly outperformed in 2013 as profits of blue-chip industrial companies at the Nigerian Stock Exchange (NSE) spiked in the fourth quarter of 2012, helping to boost full year profits.

The stock price of Dangote Cement, Nigerian Breweries, and Nestle Nigeria, which have all added increased manufacturing capacity or announced plans to do so, have risen by 57.6 percent , 19 percent and 44 percent year to date.

The wider NSE all share index is up 38 percent year to date, by comparison. The PMI index is based on the responses of a number of manufacturing companies to set questions on core variables in their businesses.

In the FBN capital model, purchasing managers are asked whether output, employment, new orders, suppliers’ delivery times and stocks of purchases have improved, are unchanged or have declined.

In the case of delivery times, the question is inverted and shorter times are a positive, while respondents are asked to take seasonal factors into account.

The sample is a representative blend of large, medium-sized and small companies in the sector, with the elevated volatility in the reading for May, compared to April, justified due to Nigeria’s less developed market status.

“We would expect much greater swings in frontier than developed markets, due to regular changes in the operating environment such as electricity provision and the tariff regime, and the climate of policy uncertainty,” Kronsten said.

CBN Governor Sanusi Lamido Sanusi said on Monday the Central Bank may raise the benchmark interest rate if government spending increases before elections in 2015, which could put a brake on the expansion of the manufacturing sector.

Nigeria’s inflation rate accelerated to 9.1 percent in April from 8.6 percent in the previous month, according to the National Bureau of Statistics (NBS).

The PMI is a familiar data release at the start of the calendar month in developed markets such as the US and Germany, as well as the larger emerging markets like China, Brazil and South Africa.

NIGERIA: Purchasing index indicates steady expansion in manufacturing

abeeg send this liar back to primary school

steady expansion is now 'booming'

btw - is FBN capital a highly rated adviser in matters such as these?

or is rossik just desperate

Procter & Gamble's factory in Ibadan, 75 miles from Lagos, cranks out diapers, detergent and feminine pads sold in Nigeria and beyond. Pampers diapers, especially, are in rapid production.

Of course!!! There is a direct but awkward relationship between the two. Tufiakwa!

Doesn't Procter also manufacture condoms? I wonder how they are doing on condom production..

Stop boring us with shyte epitsle when the reality on ground says negative. Most firm in my industrail estate are on generator 75 percent for their production. It not sustainable for most hereby cutting labour, the only peeps trying to survive are the chinese cause of cheap raw material, slave like labour policies and ability to get machines that are produced in their country much of which are western type replica.

Rossikke, i think you should post pictures of hundreds of newly opened manufacturing companies all over the country.
Though i believe the old industries are having it great under this administration coupled with the huge FDI flowing into the country.
Kudos bro.

Nigeria's Manufacturing Sector Grows 8.4%

Published Mon, 10 Jun 2013

Nigeria's manufacturing sector recorded a growth of 8.4% in the first quarter of 2013.

See Video: http://archive.abndigital.com/page/multimedia/video/open-exchange/1629188-Nigeria-s-Manufacturing-Sector-Grows-84

Rossikk:

Grow a BRAIN. What does posting pics of factories have to do with anyone's ''agenda''? Did I even mention GEJ at all in the initial posts? Some of you have serious mental issues. You're so angry to see pics of your own factories and plants and that is shameful. Why do you hate your country so much or is it simply inferiority complex?

Thank God I still have the chance of growing a brain...yours is a hopeless case.

It's really sad for young men selling their souls for nothing....your mates are out there doing awesomely well for themselves and creating a future to be proud of

You sit here on NL propagating falsehood all day....is that a life you are proud of ?

..oh sure.... they're ALL lying... GEJ BRIBED them all to LIE.


Jobless loafers

States that have witnessed a significant rise in industries are;
Anambra,ogun,lagos,abia,osun,enugu,rivers and benue.

ilugunboy:

Thank God I still have the chance of growing a brain...yours is a hopeless case.

It's really sad for young men selling their souls for nothing....your mates are out there doing awesomely well for themselves and creating a future to be proud of

You sit here on NL propagating falsehood all day....is that a life ?

Oh... so my mates are doing ''awesomely well for themselves''?

That's strange. I thought you said the economy was stagnant and all talk of progress is falsehood?

Better make up your mind.

Rossikk: ..oh sure.... they're ALL lying... GEJ BRIBED them all to LIE.


Jobless loafers

Don't mind these APC goons jor.
You should know them by now.

ochejoseph: Some people will still come to this thread and Abuse president Jonathan , for creating policies that encourage local investment
we must see the good in our country ,we must believe in ourselves and our abilities to overcome our present challenges and emerge strong
only Nigerians can transform Nigeria

GOD BLESS NIGERIA

you re very naïve. Among all these, which one of the factories is owned by Govt or which one started operations from 2011?

Desric: you re very naïve. Among all these, which one of the factories is owned by Govt or which one started operations from 2011?

There are lots of industries that opened in 2011.

Rossikk:

Oh... so my mates are doing ''awesomely well for themselves''?

That's strange. I thought you said the economy was stagnant?

Has there been a time in Nigeria that individuals are not recording personal success?

Go look for a better job....

If you have anything to do with finance....PM me... I have presently good contacts in BUA looking for chartered accountants....I will sort you out.

Quit these lies

why am i not surprised. It is rossik again. always spamming nairaland and ghanaweb with lies.
Same way he said South Africa is panicking

Economic boom my foot.

Desric: you re very naïve. Among all these, which one of the factories is owned by Govt or which one started operations from 2011?

Did you really ask that question

This is the recent report from the Lagos Chamber of Commerce and Industry (LCCI- Nigeria foremost organization of Private Investors, Traders, Banks, Oil Cops, Manufacturers, etc) survey amongst Nigerian Private Sector Players on the country's Business Confidence Index- which is one of the KEY Indexes used to measure the health of an Economy as its provides a measure of the Confidence a nation's Private businesses have in the Economy and hence their propensity to make/expand more Investments- for the 3rd Quarter of the year. In other words, what the Guys who really matter think.

This is another Article from an even more Virulent 'opponent' of the Govt- PREMIUM TIMES.

Enjoy:

The steady and significant improvement of the business confidence level expressed by business leaders in Nigeria suggests that they are gearing towards expanding their investments and plant size in the months to come, the Lagos Chamber of Commerce and Industry (LCCI), the premier chamber of commerce in Nigeria, has said.
The improvement in confidence level by businesses in Nigeria was revealed in the chamber’s third quarter 2013 aggregate Business Confidence Index (BCI), a leading economic indicator designed to measure the degree of optimism on the state of the economy that business leaders are expressing through their activities of investing and spending.
The 3rd quarter BCI index, which highlighted a sustained positive improvement of 24 per cent from the 16.5 per cent and 10.5 per cent it achieved in second and first quarters respectively, represents 13.5 per cent point movement of the index along a positive trajectory since the beginning of this year
The survey covered 15 sectors and 582 (top business executives) respondents over the period, 15th May to June 18th 2013. The chamber said the survey covered most sectors sufficiently, though it added that the solid mineral sector in particular was a concern.
The participation of top private players across all the sectors and sub-sectors were secured in a responsible fashion, according to the chamber, which has as objective, to promote, support or oppose legislative or other measures affecting trade, industry, commerce and agriculture as well as representing the opinion of the business community in particular, and the economy as a whole.
Apart from the recurrent factors such as poor access to credit, security situation and the dwindling public power supply, the index posted impressive confidence across most business and economic indicators.
Some of the factors that might have boosted the confidence level of business owners, according to the chamber, include the budget implementation, the federal government’s security intervention in some parts of the North, impressive corporate results, and the modest trends of exchange and inflation rate that tend to have supported the record rise of business confidence.
Indicators such as capacity of firms to produce, export prospects, deals closed, strength/patronage of domestic market, and the impact/size of non-performing credit consistently boosted the aggregate index over the last three surveys.
“[size=16]Interestingly, these indicators did not only post a positive confidence, but the levels of confidence achieved this time are trending in line with the global business confidence threshold of 50%,” the chamber said[/size]
“The 3nd quarter 2013 aggregate Business Confidence Index (BCI) sustained a significant positive improvement. This is supported by the take-off of budget implementation across the country, on-going security intervention in some parts of the North, impressive corporate results in most sectors and stable macroeconomic prices – exchange and inflation rate.
“This improvement suggests that business leaders are likely going to expand their investments in the months to come but we are not able to say by how much. Investors are still wary about the state of the economic in the medium term because the lingering limiting factors are yet to be addressed”.
Business confidence in sectors and regions
All the sectors recorded positive confidence, according to the survey. For the first time, the financial sector recorded the highest confidence of 35 per cent, closely followed by Hotel & Restaurant and Telecoms & Postal sectors 29 per cent and 27 per cent confidence levels respectively.
The agricultural sector was impressive at 18 per cent, but the manufacturing sector remains low at 5 per cent business confidence level.
“This implies that expansion and new investment in the Nigerian manufacturing sector remains largely held down by the lingering challenges confronting business environment in the country,” the chamber said.
The confidence level of businesses located in the South West Nigeria inched to a new high of 44 per cent from 38 per cent and 30 per cent in Q2 and Q1 respectively. This is followed by companies operating in the South East and South South with BCI score of 31 per cent and 21 per cent respectively.
The confidence level of businesses located in the North central which dropped to zero in Q2 improved dramatically with BCI score of 11 per cent. North East and North West continues to trail between the negative and neutral confidence trajectories.
“We look to see how far the on-going security operation in some Northern states will impact business confidence in our Q4-2013 BCI survey” the chamber said.
Key Findings
According to the survey, 49 per cent of business managers are making plans to increase their work force in Q3-2013. This assertion is consistent with turnover and investment expectation across the sectors and size of firm.
The survey also revealed that 60 per cent of business leaders expect increased turnover and plans to expand investment in Q3 of 2013. According to business managers, the sticky access to credit, challenging security situation and the dwindling public power supply are key factors that my derail their expectation and high business confidence at this time.
The survey highlighted that Small and Medium Enterprises (SMEs) are the worst hit as they are mostly at the receiving end of arbitrary hike of public power price, sticky credit market and intimidation/extortion by government monitoring and regulatory agencies.
“Most SMEs stated that significant amount of their profit is lost through provision of alternative power, payment for public power that were never supplied and settlement of agents working directly and indirectly for government,” the chamber stated.
The LCCI is of the view that decreasing business confidence is often a pointer to slowing economic activities because business owners are likely to decrease their investment.
“The more confident entrepreneurs and managers feel about the business environment, the more likely they are to make new investments, create job and impact the economy,” he said.

http://premiumtimesng.com/business/140650-businesses-may-expand-investments-plant-sizes-in-third-quarter-2013-lcci.html

^^^

This exactly what 582 (top business executives) in 15 different sectors thruout Nigeria, in a well conducted Scientific Survey conducted by their foremost umbrella body, are saying about their businesses and the Economy in which they operate.

Who cares what a group of FRUSTRATED and VERY IRRELEVANT Internet Anonymous whheeps, who also happen to be Extremist HATERS, think or say? Who gives a ffuck

Nuff said.

ilugunboy:

Has there been a time in Nigeria that individuals are not recording personal success?

Go look for a better job....

If you have anything to do with finance....PM me... I have presently good contacts in BUA looking for chartered accountants....I will sort you out.

Quit these lies

oga u no dey fear - this guy will cook your books

Eastern Nigeria turns into rapid growth market

May 13, 2013 | Filed under: Company News, Markets | Posted by: Editor

http://businessdayonline.com/2013/05/eastern-nigeria-turns-into-rapid-growth-market/

Five years ago the current MD of a listed Nigerian multinational was in London to interview for the post amid skepticism from the parent company about growth prospects, outside the Lagos and western axis of Nigeria.

“I was told there were little or no opportunities for growing the business substantially in Nigeria,” he tells business day.

“That was one of the reasons why I took the job.”

[size=15pt]The large swathe of Nigeria spreading from Benin to as far east as Calabar and from Anambra to Bayelsa has become a rapid growth market for consumer goods, which is leading to a rush by Nigerian and multinational firms to set up factories in the region.[/size]

Nowadays the multinational is shopping for a suitable location in the region to site its new 100 million pounds (N24.1 billion) factory, according to the MD.

Nigerian Breweries (NB) Plc, in February 2013 commenced the 100 percent expansion of its production facility in Aba, Abia State with investments worth N15 billion.

SAB Miller recently built a new $100 million plant at Onitsha; Shoprite is expanding in Anambra, and Owerri in addition to its Enugu retail outlets, while GZ industries is setting up what would be the largest aluminium can manufacturing plant in Africa with its N1.2 billion investment in Aba.

“If our sales target in the Eastern part of Nigeria is achieved then it means the national target will be met, there is a lot of money flowing there and it currently makes up 40 percent of our national consumption figures,” the MD added.

A couple of powerful trends are driving the trend, which include a young and growing population, rising real incomes and an increase in State Government spending due to derivation.

The eleven South East and South South states had a combined 2013 budget of N2.64 trillion ($16.7 billion)- equivalent to 50 percent of the Federal budget- according to data compiled by business day’s research unit.

Spending on capital projects approach 75 percent of the budget in some states like Akwa-Ibom leading to a multiplier effect, and helping to create jobs and drive income growth.

The states also have a young and increasingly well educated population, whose aspirational lifestyle often influences their spending patterns.

States in the region also come out tops in terms of WAEC and JAMB applications and female literacy levels, and while Lagos is Nigeria’s economic powerhouse and commercial capital, and boasts the largest sub-national economy in Nigeria, at close to $50 billion, Rivers State has a higher GDP per capita ($3,965) which is 160 percent above the national average.

“Uyo, Aba, Port Harcourt, Onitsha-Asaba, Benin and Bayelsa are the new regional hubs for business in Nigeria. I have doubled my staff strength in Eastern Nigeria,” the MD said.

“The next 10 to 15 years will see phenomenal growth in these areas.”

...............

NB:

A ''rush to set up factories in the region'' CERTAINLY SOUNDS LIKE A MANUFACTURING BOOM TO ME.

oyb:

oga u no dey fear - this guy will cook your books

We will re train him to debrief him of this culture of impunity and deceit...

This thread is funny mehn.
Many of the people denying the influx and growth of industries are usually among those that chant "eko oni baje", "osun oni baje", "ogun oni baje" and all kinds of ethnic nonsense, whenever any of those industries open shop in their states.
Funny people.

solomon111: This thread is funny mehn.
Many of the people denying the influx and growth of industries are usually among those that chant "eko oni baje", "osun oni baje", "ogun oni baje" and all kinds of ethnic nonsense, whenever any of those industries open shop in their states.
Funny people.

You're 1000% correct.

I can easily create a thread now, posting many of those same pics, with the headline. ''Lagos, SW Industries Booming'', and their reaction will be TOTALLY different, and positive.

It's quite sad really. Pathetic people.

Rossikk: NIGERIA: Purchasing index indicates steady expansion in manufacturing

June 5, 2013 | Filed under: Markets |

http://businessdayonline.com/2013/06/purchasing-index-indicates-steady-expansion-in-manufacturing/

Nigeria’s purchasing managers index (PMI), an indicator for economic activity, has in the past five months, risen steadily, which indicates a good measure of expansion in the manufacturing sector, according to FBN Capital.

The FBN Capital PMI released Monday, showed a reading of 53.8 for May, falling from the 59.6 posted in April. However on aggregate note, the PMI’s for the first five months of the year were well above the 50 mark, which is the dividing line between growth and contraction.

The Purchasing Managers Index is released on the first day of the month, and it reflects percentage of purchasing in a month, while measuring five factors in business: new orders, inventory levels, production, supplier delivers, and employment conditions. Each of these five factors are adjusted and weighed according to time of year and other events.

A PMI over 50% means that manufacturing is growing and expanding. A PMI under 50% means that manufacturing is declining. A PMI of 42.7% or more over a long period of time means the economy as a whole is expanding. A PMI of 42.7% or below, over a long period of time means the economy as a whole is contracting.

“The readings in May for employment and stocks of purchases were broadly flat, while those for output, new orders and delivery times showed healthy improvement,” FBN capital analysts, led by Gregory Kronsten, said in a note released Monday.

“Manufacturing growth has been steadily picking up, to 8.4 percent year on year (y/y) in the first quarter of 2013 from 5.2 percent one year earlier.”

Manufacturing which accounts for about 10 percent of the Nigerian economy, has been finding support recently as the demographic growth and rising incomes spur demand for FMCG, cement , appliances and home-decor items.

Nigeria’s economy is anticipated by the IMF to grow at an average of 6.8 percent annually between 2012 and 2017.

Over the past decade, GDP per capita has risen from $379 to $1,452; driving a stronger demand for consumer goods and the capacity for increased local production is increasingly being put in place by companies to meet the growing demand.

Manufacturing stocks have mostly outperformed in 2013 as profits of blue-chip industrial companies at the Nigerian Stock Exchange (NSE) spiked in the fourth quarter of 2012, helping to boost full year profits.

The stock price of Dangote Cement, Nigerian Breweries, and Nestle Nigeria, which have all added increased manufacturing capacity or announced plans to do so, have risen by 57.6 percent , 19 percent and 44 percent year to date.

The wider NSE all share index is up 38 percent year to date, by comparison. The PMI index is based on the responses of a number of manufacturing companies to set questions on core variables in their businesses.

In the FBN capital model, purchasing managers are asked whether output, employment, new orders, suppliers’ delivery times and stocks of purchases have improved, are unchanged or have declined.

In the case of delivery times, the question is inverted and shorter times are a positive, while respondents are asked to take seasonal factors into account.

The sample is a representative blend of large, medium-sized and small companies in the sector, with the elevated volatility in the reading for May, compared to April, justified due to Nigeria’s less developed market status.

“We would expect much greater swings in frontier than developed markets, due to regular changes in the operating environment such as electricity provision and the tariff regime, and the climate of policy uncertainty,” Kronsten said.

CBN Governor Sanusi Lamido Sanusi said on Monday the Central Bank may raise the benchmark interest rate if government spending increases before elections in 2015, which could put a brake on the expansion of the manufacturing sector.

Nigeria’s inflation rate accelerated to 9.1 percent in April from 8.6 percent in the previous month, according to the National Bureau of Statistics (NBS).

The PMI is a familiar data release at the start of the calendar month in developed markets such as the US and Germany, as well as the larger emerging markets like China, Brazil and South Africa.

Thank you, Bruv.... I haven't even seen this one b4. I beg post the link so I can save it, joor.

Kudos. Continue the GOOD work, Bros. People are listening. Forget the e-Rats

taharqa: ^^^

This exactly what 582 (top business executives) in 15 different sectors thruout Nigeria, in a well conducted Scientific Survey conducted by their foremost umbrella body, are saying about their businesses and the Economy in which they operate.

Who cares what a group of FRUSTRATED and VERY IRRELEVANT Internet Anonymous whheeps, who also happen to be Extremist HATERS, think or say? Who gives a ffuck

Nuff said.

The more qualified the source, the more they despise its findings. These people are anti-knowledge, dumbed-down cretins.

Rossikk:

You're 1000% correct.

I can easily create a thread now, posting many of those same pics, with the headline. ''Lagos, SW Industries Booming'', and their reaction will be TOTALLY different.

It's quite sad really. Pathetic people.

My brother,it's pathetic really.
These guys don't mind burning down those industries if it means president Jonathan won't have a legacy.
A very sad situation.

taharqa:

Thank you, Bruv.... I haven't even seen this one b4. I beg post the link so I can save it, joor.

Kudos. Continue the GOOD work, Bros. People are listening. Forget the e-Rats

Thanks my brotha. Here's the link again:

http://businessdayonline.com/2013/06/purchasing-index-indicates-steady-expansion-in-manufacturing/