Business
FG Pledges Increased Forex Sale To Manufacturers
The Federal Government through the Minister of Industry, Trade and Investment, Niyi Adebayo, has assured manufacturers of its support to enable them to get good returns on their investments.
The minister, who gave the assurance while playing host to a delegation of Expand Global Industries Limited, pointed out that although many manufacturing companies were battling shortage of foreign exchange, the Federal government was doing everything to assist them to access forex, particularly for the importation of machineries for those using local raw materials for their production.
He maintained that the ministry would continue to assist manufacturers to remove any identified bottlenecks that could impede their production process, especially with respect to the ease of doing business.
The Special Assistant to the minister on Media made this is known in a statement issued on Monday and titled, “Minister assures manufacturers of govt support.”
The statement quoted the minister as saying that “his ministry would continue to partner with manufacturers to ensure that they were kept in business for the good of the investors.”
The Managing Director of the company, Rajat Kapur, had sought the assistance of the minister to access forex or their production, pointing out that accessibility to forex would increase their capacity for increased production.
He said that making forex available for manufacturers would increase investors’ confidence to keep investing in the country.
Business
Expert Tasks Government On Civil Maritime Security Unit
Business
Bayelsa Recommits To Infrastructure, Sectoral Dev … Rakes In N227.185b From IGR
Business
NDYC Seeks NDDC Commercialisation … Uncompleted Projects Completion
-
Business22 hours ago
Expert Tasks Government On Civil Maritime Security Unit
-
Politics24 hours ago
Edo Assembly Drags LG Chairmen To Court, Seeks LG Law Interpretation
-
Nation21 hours ago
Ahaoda West’s Impactful Projects Excite RIMA Boss
-
Niger Delta22 hours ago
A’Ibom CP Cautions Youth Against Violence In Oil Producing Communities
-
Sports20 hours ago
IBF Cancels purse bid for Ajagba, Bakole elimination bout
-
Politics22 hours ago
Edo Gov’ship: PDP, Ighodalo Close Case After 19 Witnesses At Tribunal
-
News22 hours ago
RSU Lecturer Unveils Research Innovation On Soap Production
-
Nation21 hours ago
Commissioner Inaugurates Street Lights In 16 Communities