Atlwireles's Posts
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Toaskarity:You don't have to sallow anything. They were found guilty by a military court. What you and Falana believe are insignificant to me. |
Ucheosefoh:If you have any relation wanting to join the army, ask them to back off, because death await cowards. |
You have no access to Facebook. Next time don't join the army and disobey orders. I wish you a merry firing squad. ![]() |
A leap in manufacturing’s contribution to Nigeria’s Gross Domestic Product (GDP), huge investments in cement, sugar and automotive industries, as well as a surge in capacity utilisation within the year are indications that the sector can perform better in 2015 if the Federal Government pays more attention to broad-based, industry- specific incentives, rather than the individual-type motivations, stakeholders say. “Majority of the members interviewed are of the opinion that once the government continues with broad-based incentives, the possibility of capacity utilisation improving further is high,” says the Manufacturers Association of Nigeria (MAN), in its most recent economic review. “What this translates to in the economic-wide aggregate, is expansion in the industry, with an increasing number of new entrants, leading to more jobs being created,’’ says MAN. Manufacturing’s contribution to GDP leaped from 6.81 percent reported after the rebasing exercise to nine percent by end of the half year, according to the National Bureau of Statistics (NBS). Capacity utilisation also spiked to 53 percent, from 46 percent recorded previously. These feats may be attributed to huge investments in the cement industry, which totalled $7 billion within the year, according to Olusegun Aganga, trade, industry and investment minister. Similarly, over $2.6 billion investments were recorded in the sugar industry by companies like Dangote Sugar Refineries, Golden Sugar Company, HoneyGold and Crystal Sugar, among others. The cement and sugar industries have been the beneficiaries of the Backward Integration Policy (BIP), which placed importation of the two products on the Prohibition List, while encouraging hitherto exporters to set up local plants and import equipment at almost zero percent duty. The automotive industry also reported an upsurge of activity as 21 dealerships in the country made commitments with foreign technical partners to set up assembly operations in the country. This is owing to the full implementation the automotive policy within the year. The policy encouraged local investments with incentives, while making importation of vehicles more expensive. MAN confirms that investments were directed mostly to industries where government seemed to direct attention. Following the successes of these three sub-sectors and their capacity to drive the economy in 2014, analysts have said the Federal Government should now focus on other industries such as fruit juices, electronics, aluminium, iron and steel, paints and varnishes, toiletries and cosmetics, rubber and leather/footwear. They also point to the need to spur domestic/industrial plastics, nail and wire, packaging, printing, carpets and rugs, furniture and plywood, school chalk, crayons, glass, and ceramics, foam and textile, among others. “Why should the government allow some people in the same industry to have advantage over others? What type of manufacturing policy is that?” asked Robin Neville, managing director, First Aluminium plc, manufacturers of roofing sheets and coils, in an interview with BusinessDay. Neville said neglect of the aluminium industry has resulted in the influx of sub-standard products, owing to the laxity of the Nigeria Customs Service. It has also led to loss of jobs. “We lost 200 employees in 2012. We had to close down operations in December 2012, because production was and still is uneconomic in Nigeria,” Neville said. As oil prices dwindle, government revenues fall and the Nigerian economy becomes more exposed, analysts say the Federal Government must in 2015 substantially implement the Nigerian Industrial Revolution Programme (NIRP), launched in early 2014. They say there should be more action than talk in changing the harsh business climate for investors. “The problem the manufacturing sector is facing is lack of competitiveness. If you produce here and you are not competitive either in terms of price or quality, you cannot do any successful export. So it goes back to the issue of quality of business environment. You need to create a business environment that will enhance productivity and minimise bottlenecks,’ said Muda Yusuf, director-general, Lagos Chamber of Commerce and Industry (LCCI), in an interview with BusinessDay. http://businessdayonline.com/2014/12/manufacturings-robust-performance-in-2014-justifies-call-for-industry-specific-incentives
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Huffington:When you have about 1000 comments in the political section, hit my mention. Or use one of your other monikers, do yourself some justice. |
jpphilips:hahahahaha, when you have no reason, to be an ediot, your sense of inferiority complex, compels you to spew a bucket full of gibberish. Tell us why your silly brain wanted OPEC to cut 2.5Mbbs from the market. If you don't know, say so. ![]() |
chemali:His crime will be defined to you and others after Feb 2015. |
chemali:Yes, because his name is not on a ballot, does not mean, the election of 2015 is not all about Ameachi. |
jpphilips:You want OPEC to cut 2.5Mbbls for what? |
This election was over before it started. Expect another PDP 99.5% support ![]() |
The backroom calculations of Nigerian politics. There are never winners, you must learn to give and take. |
APC, another of your lies just died. Redeemed Christian Church just told Nigeria, we know ye not. |
The Redeemed Christian Church of God has dissociated itself from rumours making the rounds that its General Overseer, Pastor Enoch Adeboye, gave his blessings to the vice-presidential ambition of a former Lagos State Attorney General and Commissioner for Justice, Prof. Yemi Osinbajo.Source: http://www.punchng.com/i-punch/we-dont-dabble-in-politics-rccg/ |
Tokunbohkinibig:Kai, you guys are bad, he is on layaway till 2019 bah? |
The only achievement of Buhari from the 1970s, was our missing N2.8B approximately $4.6B and almost $17B today. |
ipleddge:Please check the exchange rates against all currencies. Dollar is almost at a ten year high. The oil producing countries are just getting hit harder. |
Whoa, the ignorance of the average Nigeria. Read their comments, what a mismatch with the article. ![]() |
Adminisher:I bet he is , that's why you people see him as your driver. |
Thank your God, you don't have russian ruble |
GBTYO:. I have attempted a screenshot, no success. |
[s] LouisVanGaal:[/s] |
chamboy:There is no other presidential candidate. We have a pseudo candidate (embezzling general) trying to recreate his demonic kingdom of 1983. |
chamboy:Omase, your general is drowning and you with him.. Your lies about him have become his own Achilles' heel |
chamboy:You mean the final report from PTF, where your embezzling general was exposed again as a fraud and an incompetent CEO? I will post the whole report for you. ![]() The Horrendous PTF Fraud: How N 25 Billion Was Stolen Under Buhari’s Watch! http://thestreetjournal.org/2012/10/the-horrendous-ptf-fraud-how-n-25-billion-was-stolen-under-buharis-watch |
These were PTF accounts balance. Anywhere Buhari shows up, monies get legs and walk away.
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Now, some are lapping up the fable that if Buhari comes in as President, corruption and embezzlement in high places would come to an end. But I think this is like the story of the child and Santa Clause. That reality does not exist now or in the future, because the reality of who Buhari is has been shown to us through his real actions, not by the pictures and images being put out there by his spin-doctors and uncritical supporters. Should I start with the scandal of the N2.8 billion NNPC money that got stolen under his watch as Petroleum Minister and head of NNPC in 1978? Let’s bear in mind that the value of that money in hard currency at the time was more than $3 billion. Under intense public pressure, the Shehu Shagari government, which shortly took over thereafter from the military, set up a Senate probe which traced the money to a London Midland Bank account belonging to Buhari from where the money again got missing. No less than a person of the then Senate Majority Leader and Chairman of the Senate probe panel, Dr Olusola Saraki revealed this in an interview with Vera Ifudu of the Nigerian Television Authority (NTA). When Ifudu reported this, she was clandestinely sacked by the NTA, but the lady went to court and presented all the evidence and won in a case of wrongful dismissal. Saraki till his death never denied what he told the lady. In the end, they settled Ifudu with a big payout to buy her silence. http://saharareporters.com/2014/11/02/buharists-and-their-stockholm-syndrome |
Arch1:That's just a plus. |
Arch1:After all the voters in your local government, State/Region vote. We shall count their votes and Jonathan will be declared winner. Just do the voting, we are waiting to do the counting. ![]() |
Ameachi is on his own. The public support for Wike in Ikwerreland says it all. After 40 years, my generation of Nigerdeltans, have come to possess their possession. |
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