African Banks, AU Seek Affordable Finance to Unlock Livestock Sector Growth
African banks, policymakers and the African Union are pushing for a continent-wide single-digit financing facility to boost livestock investment, strengthen pastoral economies and improve food security. By Raymond Akorede African financial institutions, policymakers and development partners are advocating the creation of a continent-wide low-interest financing facility to accelerate investment in the livestock sector, describing affordable…
Nigeria’s High Production Costs Threaten Manufacturing Competitiveness, NSDC Warns
Nigeria’s manufacturers face rising electricity, financing and logistics costs that are weakening industrial competitiveness, the National Sugar Development Council has warned. By GLEBM News Desk Nigeria’s manufacturing sector is facing mounting pressure from soaring production costs that leave local factories struggling to compete with rivals across Asia, according to the National Sugar Development Council (NSDC)….
FirstBank Advises SMEs to Prioritise Cash Flow to Improve Access to Business Loans
FirstBank has advised Nigerian SMEs to strengthen cash flow and maintain proper financial records, saying repayment capacity now carries more weight than collateral in business loan approvals. By Kikelomo D. FirstBank Nigeria has encouraged small and medium-sized enterprises (SMEs) to focus on maintaining strong cash flow and accurate financial records, saying these factors play a…
Private Sector Rejects Proposed Pension Hike, Warns of Higher Business Costs
NECA, MAN, NACCIMA and other employer groups say additional pension burden could slow investment and job creation By GLEBM News Nigeria’s organised private sector has urged the Federal Government to suspend plans to increase mandatory pension contributions, warning that the proposal could place additional financial pressure on businesses already grappling with high operating costs and…
Manufacturers Seek Deeper Reforms to Strengthen Nigeria’s Industrial Competitiveness
MAN says structural challenges continue to limit productivity despite ongoing economic reforms By GLEBM News The Manufacturers Association of Nigeria (MAN) has renewed calls for comprehensive structural reforms aimed at improving productivity, reducing production costs and strengthening the competitiveness of Nigeria’s manufacturing sector. The association said while recent economic reforms are intended to reposition the…
Nigeria’s Young People Have Talent, but Not Enough Opportunities
As technology transforms industries and new forms of work emerge across the world, Nigeria faces a defining challenge: can it equip its young population with the skills needed to compete in tomorrow’s economy before the opportunity slips away? By Raymond Akorede Every year, millions of young Nigerians leave school believing they have done everything society…
Labour, Youth Ministries Roll Out New Strategies to Prepare Nigerians for the Future of Work
Government unveils policy reforms, skills initiatives and employment programmes to equip young Nigerians for opportunities in the digital and green economy By GLEBM News The Federal Ministry of Labour and Employment and the Federal Ministry of Youth Development have unveiled a series of policy reforms and skills development initiatives aimed at preparing young Nigerians for…
FG Rules Out Ban on Raw Cocoa Exports, Prioritises Local Processing
Agriculture Minister says government’s focus is boosting value addition, creating jobs and increasing export earnings By GLEBM NEWS The Federal Government has dismissed reports suggesting it plans to ban the export of raw cocoa beans, clarifying that its strategy is to expand local cocoa processing while maintaining Nigeria’s role in the international cocoa market. The…
Businesses Need Digitally Skilled Youth to Drive Growth, Says NECA
Employers urge stronger investment in technical, digital and entrepreneurial skills to boost productivity and economic competitiveness By GLEBM News The Nigeria Employers’ Consultative Association (NECA) has called for greater investment in digital, technical and entrepreneurial skills, saying Nigeria’s long-term economic growth depends on building a workforce capable of meeting the demands of modern businesses. The…
World Youth Skills Day: NLC Calls for Job Creation to Match Youth Skills Development
Labour movement says skills acquisition must translate into decent jobs as Nigeria marks World Youth Skills Day 2026 By Kikelomo D. The Nigeria Labour Congress (NLC) has called on governments at all levels to prioritise job creation and implement policies that guarantee decent employment opportunities for young Nigerians, warning that skills development alone cannot address…
