RUGA vs Indigenization Decree of 1972/1977: Elites Using The Masses To Acquire Undeserved Wealth by Ena Ofugara

I am too tired right now to write a befitting article on this. But suffice to say that in 1972 and then amended in 1977, Nigeria made a decree called Nigerian Enterprises Promotion Decree NEPC. This decree was apparently to give Nigerians a chance at owning their own economy as opposed to foreigners. Through this […]

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Nigerian Newspapers Headlines, Thursday, February 7, 2019

    BUSINESSDAY 237,000 graduates in private-guard jobs buttress Nigeria’s precarious economy Rising population seen to spur milk consumption as hunt for nutrition grows Consumer firms hit with inventory surge amid sales slump Explainer: Why U.S embassy drop box users now wait up to 30 days for visas Still waiting for Nigeria’s refineries’ concessioning Lagos […]

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Chinese firm partners with Dangote to build $4.3bn cement factories across Africa

A Chinese state-owned engineering company has signed a deal worth $4.3bn (£2.8bn) to build factories for a Nigerian cement company run by Africa’s richest man, Aliko Dangote. China’s Sinoma will build seven plants across the continent and one in Nepal. The new factories will add around 25 million tonnes to the firm’s existing cement capacity […]

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