₦airaland Forum

By Naomi Uzor
Fifteen out of the 16 ECOWAS countries have ganged up against Nigeria’s industrialisation even as the Federal Government
has sworn not to sign any trade agreements that will harm the Nigerian manufacturers.
This was disclosed by the Manufacturers Association of Nigeria (MAN) during
their 42nd Annual General Meeting held recently in Lagos.
Chief Kola Jamodu, the immediate past President of the manufacturers, had in
his speech told the gathering that 15 out of the 16 ECOWAS member nations
don’t want the country to be industrialised and are working frantically to
frustrate Nigeria’s industrial development plans.
“MAN believes that the federal government’s efforts to enlist the support of
other members of the African Union to reject the Economic Partnership
Agreement ,EPA in its present form to be sustained. We also appeal that the
federal government should continue its effort to convince other ECOWAS
member state of the potential dangers of EPA.
No country can develop without protecting its industries and Nigeria stands
the risk of having its market flooded with European goods with resultant
negative effect on our industries and economy, if EPA is endorsed in its
present form.
This will also impact negatively on employment generation, which is one of the critical aspects of Government Transformation
Agenda and the Nigeria Industrial Revolution Plan (NIRP)” he said.
In his response, the Vice President, Namadi Sambo, said that government has developed Nigeria’s first comprehensive plan to
provide long term financing to industry and ensuring that any trade agreements signed will not threaten the Nigerian
manufacturers.
“We must boost our industrial capacity; create more jobs and wealth in the economy. History has shown that no nation has
ever become prosperous by relying only on export of its raw materials endowments without putting in place a vibrant
manufacturing sector.
Therefore, value addition to primary commodities to produce intermediate and finished goods for domestic and export markets
shall be one of the key areas of focus of our new industrial policy and we believe firmly that the Industrial Revolution Plan
can help in achieving this goal,” he said.
In cement manufacturing, he noted that for the first time ever in Nigeria’s history, last year the country became a net exporter
of cement, from a country that produced only 2 million metric tons of cement a year in 2003, today, have a capacity to
produce 39.5 million metric tons per annum and have started selling to our neighbours.
Speaking during the event, the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, said that the Federal
Government had already put structures in place to reduce the cost of borrowing for manufacturers.
He said, “For the first time in decades, the Nigerian government has decided to tackle the biggest challenges that you
Manufacturers have faced for years.
This is to ensure that Manufacturing in Nigeria becomes truly competitive. In the area of financing, Nigerian manufacturers
have always struggled with the high cost of funding in Nigeria, yet nothing was done.
But I am glad to inform you today that as part of the NIRP, we have put together our nation’s first comprehensive real sector
funding intervention under a programme called the “Financing Value Chain Initiative”.

been waiting for this

Zoharariel: Honestly, I can't wait to witness the fall of America & Nato.

Invasion of Afghanistan, Iraq, Libya, Syria[Attempted] & now Ukraine all based on Lies & selfish interest.

Meanwhile, Libyan Rebels Have Taken Over US Embassy in Tripoli and Swimming.

Is it not written He that diggeth a pit shall fall therein and he that rolleth a stone, it will return upon him.

I would really love Putin to be generous & audacious in dishing out these sexy nuclear candies - Yes - Very Very Sexy!

those candies are truly lovely

let the nuke play begin!

I cant see anything in those PICS... LIGHT NO DEY THERE?

rubbish, attack helics now fighter jets.. do they even know the cost of the latest fighter jets in the world?

kkkp: I don't care o! As far as it doesn't reach d common man

you mean the industrious common man or the lazy one? kindly specify

The National Bureau of Statistics, NBS, on Wednesday released the final rebased Nigerian Gross Domestic Product, GDP,
Report (Expenditure Approach) for 2010-2013.
The report revealed that the country’s economy size grew marginally from about $510 billion (about N80 trillion) to about
N81.009 trillion.

The latest GDP figures may not have altered the nation’s economic status as the 26th-biggest economy in the world and the
biggest at the continental level based on the earlier report released in April.
The World Bank had put Nigeria’s 2012 GDP figures at $262.6 billion and South Africa’s at $384.3 billion.
According to the latest report, the final consumption of Household Items Expenditure accounted for largest chunk of the
rebased GDP profile, standing at about N58.138 trillion in 2013, up from the N42.115 trillion of the preceding year.
The report also indicated that Expenditure on Export Goods and Services stood at N14.615 trillion as against the N22.824
trillion recorded in 2012.
Amount spent on Gross Fixed Capital Formation in 2013 was recorded at N11.723 trillion, up from the N10.618 trillion
expended in 2012.

The Bureau also reported that overall Gross Final Consumption Expenditure of General Government as amounting to N6.548
trillion, rising marginally from the N5.953 trillion expended in the preceding year.
Equally, final Consumption Expenditure of Non-Profit Institutions Serving Household amounted to N302.248 billion in 2013 as
against the N248.570 billion recorded in 2012.
Curiously, the report showed a marginal decrease in changes in Inventories Expenditure from the N204.247 billion recorded in
2012 to about N201.440 billion in the 2013 review year.
The total GDP by Expenditure Size was recorded at about N91.231 trillion but when the expenditure on Imports of Goods and
Services totalling about N10.518 trillion is netted off, the domestic economy’s GDP size by expenditure was recorded at
N81.009 trillion.
A further analysis of the rebased GDP figures on the GDP and Expenditure at Current Purchasers’ Value basis showed that the
size of the economy at Basic Prices stood at about N80.092 trillion.
The prices comprise compensation of employees’ expenditure of about N22.330 trillion; Operating Surplus of about N53.513
trillion; Consumption of Fixed Capital N3.714 trillion; and Other Taxes on Production (Net) value of N536.440 billion.
The NBS also reported that a total of N917.401 billion accrued as Net Taxes on Products during the year under review,
thereby pushing the overall GDP figures at Market Prices to N81.009 trillion.
Some other characteristics of the final rebased GDP figures by expenditure based on National Disposable Income and its
Appropriation Current Purchasers Value showed that whereas Domestic Factor Income and National Income and Market
Prices stood at N75.841 trillion and N72.743 trillion respectively, the Appropriation of Domestic Income rose from N68.326
trillion in 2012 to N76.210 trillion in the review year 2013.
Similarly, an analysis of the final rebased figures based on Capital Finance Current Purchasers Value basis showed that Gross
Fixed Capital Accumulation rose marginally from about N10.618 trillion in 2012 to N11.723 trillion in 2013.
The Net Lending to the World figures decreased substantially from about N12.656 trillion in 2012 to about N2.709 trillion in
the review year.
The Current Purchaser’s Value on Export Transactions reflected that import of goods and services stood at N10.518 trillion in
2013 up from N9.395 trillion in the preceding year.
The export of goods and services figures amounted to N14.615 trillion while Current Receipts stood at N18.296 trillion.
When analysed by the GDP and Expenditure at 2010 Purchaser’s Value of the 2013 final rebased GDP by expenditure figures
showed that Final Consumption on Household expenditure amounted to N48.530 trillion, up from the N37.528 recorded in
2012 while Expenditure on GDP or GDP at Market Prices amounted to about N63.392 trillion in 2013 compared with the about
N60.670 trillion of the preceding year.


https://m.premiumtimesng.com/business/167504-nigerian-economy-size-now-at-n81-009-trillion-says-statistics-bureau.html

the Guy be like ebola

Iluvberem: GEJ is the best thing that happened to Nigeria.
Even USA citizens is also clamoring for it.

GEJ chilu gaba oooo

GEJ

TILL

2019

APC can go and die.

ode

opeeee o

third world design

nora544: That is very good what south africa make because it is the same what we make here in europa when a person with fever and he just come from a country with ebola the best is to test him and put him for some hours in isolation.

When Nigeria had make this when Ebola starts in West africa no Ebola where in Nigeria.

listen, i'll find you and i'll break your two legs

Nobleval: So where are the bombs?

they are here with me in the toilet

Growth to no where

Let me know when they buy 4.5 generation fighter jets... Clueless set of people

eaglechild: You should give up.

We are talking about percentages here.

20% for Ghana means 20 out of 100 people have internet access in Ghana

29% for Nigeria means 29 out of 100 people have internet access in Nigeria

lol... Ghana people and their inferiority complex lol

All I see is rust and decay.. Abuja is better represented.

^

We only had 3 cases, and we're on the fore-front... MY PROBLEM WITH GEJ IS JUST KEEPING MUTE WHILE ALL THIS HAPPENS. Reportings such as this will allow other countries treat us like some sort of plague.. Premium times, and our own media are on helping issues either. If this is not serious for you as a Nigerian, leave the country and get the treatment first hand!!!!

Read this report by AFP:

While you read, Note this, Nigeria withdrew her athletes because of discrimination by the organisers of the Olympics in the Chinese city of Nanjing over ebola scares.

Here's how the media constructed it.

Beijing - Nigeria has withdrawn from the Youth
Olympics in the Chinese city of Nanjing, state media
reported Saturday, as four African nations battle the
worst outbreak of the Ebola virus in decades.
Nigeria's decision was confirmed by International
Olympic Committee (IOC) President Thomas Bach in
Nanjing, China's official Xinhua news agency said.
"We feel sad for the athletes as it will be extremely
difficult for them," Bach said of the Nigerians, Xinhua
reported. "They already felt the excitement of living in
the Village and now they have to leave - that's a very
difficult task."
The IOC had said on Friday athletes from Ebola-hit
countries would be barred from competing in pool
events and combat sports.
The decision, which affects three athletes whose names
and nationalities were not identified, was made "to
ensure the safety of all those participating", the IOC
and Chinese organisers said.
According to the Youth Olympics' website, there were a
total of 25 people on the team lists of Sierra Leone,
Liberia, Guinea and Nigeria, the west African countries
affected by the outbreak.
The Youth Olympic Games begin Saturday in Nanjing,
China's former capital, and run until 28 August.
They will feature more than 3,700 competitors aged 15
to 18, some of whom hope to build towards a place in
the 2016 Olympic Games in Brazil.
The World Health Organisation said on Friday the death
toll from the worst epidemic of the disease in four
decades has climbed to 1 145 in the afflicted countries.
AFP

this is a very good news @1.5mil

I once said it, this country is generating 20 ,000MW una de doubt me, u don hear!

chai!! our own don finish ooooooo

i'm going back to ijesha asap! before abiola takes me my family

double post

jteku: SU-30 with NAF roundel sighted in russia

you're kidding right?

lagos
https://i.imgur.com/2PwGIru.jpghttps://i.imgur.com/2jI52cv.jpg

https://i.imgur.com/DXWBPJ2.jpg
https://i.imgur.com/YJPPaf4.jpg
https://i.imgur.com/Dt7aWNW.jpg