importation – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Fri, 08 Aug 2025 07:54:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png importation – InfoStride News https://www.theinfostride.com 32 32 RMRDC Pushes for Significant Reduction in Raw Material Imports by 60% https://www.theinfostride.com/rmrdc-pushes-for-significant-reduction-in-raw-material-imports-by-60/ https://www.theinfostride.com/rmrdc-pushes-for-significant-reduction-in-raw-material-imports-by-60/#respond Fri, 08 Aug 2025 07:54:25 +0000 https://www.theinfostride.com/?p=464300 The Raw Materials Research and Development Council (RMRDC) has called for a drastic reduction of Nigeria’s raw material imports by as much as 60%, stressing that the country must prioritise local production and value addition to boost industrial growth, conserve foreign exchange, and create more employment opportunities. Speaking during an industry stakeholders’ meeting in Abuja, [...]

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]]> https://www.theinfostride.com/rmrdc-pushes-for-significant-reduction-in-raw-material-imports-by-60/feed/ 0 Importation Cost In Nigeria Increases Every 2 Hours – Acapella https://www.theinfostride.com/importation-cost-in-nigeria-increases-every-2-hours-acapella/ https://www.theinfostride.com/importation-cost-in-nigeria-increases-every-2-hours-acapella/#respond Sun, 16 Jun 2024 12:10:09 +0000 https://www.theinfostride.com/?p=380556 Popular comedian, Acapella has come out to react to Senegal’s newly elected President reducing the cost of importation to address cost-of-living concerns amid high unemployment and inflation. He recently had his say via a viral video, and fans have been reacting. According to him, it is funny how the Senegalese President has started hitting the [...]

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]]> https://www.theinfostride.com/importation-cost-in-nigeria-increases-every-2-hours-acapella/feed/ 0 The UK, USA, and three more nations make up 79% of Nigeria’s capital imports https://www.theinfostride.com/the-united-kingdom-the-united-states-and-three-other-nations-collectively-account-for-79-of-nigerias-capital-imports-by-country-of-origin/ https://www.theinfostride.com/the-united-kingdom-the-united-states-and-three-other-nations-collectively-account-for-79-of-nigerias-capital-imports-by-country-of-origin/#respond Tue, 10 Oct 2023 20:42:33 +0000 https://www.theinfostride.com/?p=356610 The United Kingdom (UK), the United States of America (USA), the Republic of South Africa (RSA), Singapore, and the United Arab Emirates (UAE) collectively accounted for a significant 79% of Nigeria’s capital imports between 2019 and the first half of 2023. However, these major contributors have experienced substantial reductions in their investment volumes. The UK [...]

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]]> https://www.theinfostride.com/the-united-kingdom-the-united-states-and-three-other-nations-collectively-account-for-79-of-nigerias-capital-imports-by-country-of-origin/feed/ 0 No more over priced products as CBN mandates e-invoice https://www.theinfostride.com/no-more-over-priced-products-as-cbn-mandates-e-invoice/ https://www.theinfostride.com/no-more-over-priced-products-as-cbn-mandates-e-invoice/#respond Sun, 23 Jan 2022 21:57:57 +0000 https://www.theinfostride.com/?p=317183 The Central Bank of Nigeria (CBN) has established the introduction of e-evaluator and e-Invoice to replace hard copy final invoices as part of the documentation required for all import and export transactions. With these new regulations, imports and exports with unit prices that are more than 2.5% of the verified global checkmate prices would be [...]

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]]> https://www.theinfostride.com/no-more-over-priced-products-as-cbn-mandates-e-invoice/feed/ 0 Importation Of Steel Materials Will Soon Stop – FG https://www.theinfostride.com/importation-of-steel-materials-will-soon-stop-fg/ Fri, 15 Nov 2019 10:03:44 +0000 https://www.theinfostride.com/?p=240920 The Federal Government has said it plans to stop the importation of steel materials into the nation. According to FG, this move will encourage local investors in the sector. Mr. Olamilekan Adegbite, Minister of Mines and Steel Development, revealed this during a familiarisation visit to Kam Industries Limited, a privately owned steel industry in Ilorin. [...]

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]]> I Will Stop Importation Of Basic Items – Buhari https://www.theinfostride.com/i-will-stop-importation-of-basic-items-buhari/ Thu, 18 Jul 2019 02:54:28 +0000 https://www.theinfostride.com/?p=235781 President Muhammadu Buhari has assured Nigerians of the determination of his government to prevent the importation of basic items. He said this move is meant to create job opportunities for unemployed citizens across the country. He revealed this as he received leadership of the Nigeria Employers’ Consultative Association (NECA) led by its acting President, Mr. [...]

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]]> Nigerians Spend Billions On Importation Of Cars – Yemi Osinbajo https://www.theinfostride.com/nigerians-spend-billions-on-importation-of-cars-yemi-osinbajo/ Thu, 25 Oct 2018 21:35:26 +0000 https://www.theinfostride.com/?p=219483 Yemi Osinbajo said in Abuja that Nigerians spent about 8 billion dollars, annually, on importation of vehicles. Osinbajo, who was represented by the Director-General, National Automotive Design and Development Council, Jelani Aliyu, disclosed this at the 19th Abuja Motor Fair on Tuesday. “The government is fully committed to industrialisation and the mining sector to enable [...]

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]]> Embargo Has Been Placed On Importation Of Codeine – NAFDAC https://www.theinfostride.com/embargo-has-been-placed-on-importation-of-codeine-nafdac/ Sat, 12 May 2018 22:50:16 +0000 https://www.theinfostride.com/?p=206553 NAFDAC has lifted the shutdown order on three companies which were closed on May 7, 2018, for production of codeine cough syrups. The companies include the Emzor Pharmaceuticals Ind. Ltd, Lagos, Peace Standard Pharmaceutical Limited and Bioraj Pharmaceutical Limited in Ilorin, Kwara State. The order was lifted on Saturday, May 12, 2018, and the companies [...]

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]]> Importation Makes A Nation Vulnerable To External Pressure – Yemi Osinbajo https://www.theinfostride.com/importation-makes-a-nation-vulnerable-to-external-pressure-yemi-osinbajo/ Wed, 14 Feb 2018 06:16:38 +0000 https://www.theinfostride.com/?p=199530 The Federal Government’s capital budget would be strictly deployed to fund infrastructural projects across the country, Minister of Finance, Mrs Kemi Adeosun has said. “The Administration remains committed to infrastructure spending at the high levels of the past two years and the completion of major ongoing projects.” she said. She reminded us of the commitment [...]

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]]> We Must Stem The Importation Of Frozen Poultry Products – Abdulfatah Ahmed https://www.theinfostride.com/we-must-stem-the-importation-of-frozen-poultry-products-abdulfatah-ahmed/ Wed, 24 Jan 2018 19:47:16 +0000 https://www.theinfostride.com/?p=197198 Gov. Abdulfatah Ahmed of Kwara has asked for stricter enforcement of the ban on importation of poultry products into the country to boost the nation’s economy. He said there was need to ban importation and stop smuggling of the products to protect the health of the citizens. “There is urgent need to stem the importation [...]

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]]> Ban Of Rice Importation Has Worsen Fight Against Smuggling – NCS https://www.theinfostride.com/ban-of-rice-importation-has-worsen-fight-against-smuggling-ncs/ Mon, 09 Oct 2017 15:38:41 +0000 http://www.theinfostride.com/?p=184732 The Nigeria Customs Service (NCS) says it has seized 497,279 bags of imported rice between 2015 and August, 2017 with a Duty Paid Value (DPV) of N3.8 billion. Retired Col. Hameed Ali, The Comptroller-General of the service revealed this in a document obtained by the News Agency of Nigeria in Abuja on Sunday. “From January [...]

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]]> FG Bans Importation Of Vehicles Through Land Borders https://www.theinfostride.com/fg-bans-importation-of-vehicles-through-land-borders/ Tue, 06 Dec 2016 14:10:08 +0000 http://www.theinfostride.com/?p=150380 The Federal Government has banned the importation of vehicles into the country through land borders. In a statement on Monday in Abuja, Mr Wale Adeniyi, the Nigeria Customs Service Public Relations Officer, stated that “the prohibition order covers all new and used vehicles”. Adeniyi also said the ban was sequel to a presidential directive restricting [...]

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]]> FG Spent $1b On Importation Of Kerosene In 2015 – Yemi Osinbajo https://www.theinfostride.com/fg-spent-1b-on-importation-of-kerosene-in-2015-yemi-osinbajo/ Wed, 30 Nov 2016 13:16:30 +0000 http://www.theinfostride.com/?p=149646 The Vice President, Yemi Osinbajo has revealed that the Federal Government spent $1b on importation of kerosene in 2015. Osinbajo also revealed that the government had to spend so much on importing kerosene because a lot of families in Nigeria depend on the product. Adding that “The low LPG consumption in Nigeria has resulted in [...]

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]]> Ben Murray Bruce’s Committee Advocates For Ban On Importation Of Used Cars https://www.theinfostride.com/ben-murray-bruces-committee-advocates-for-ban-on-importation-of-used-cars/ Wed, 30 Nov 2016 13:07:04 +0000 http://www.theinfostride.com/?p=149639 The Senate committee on privatisation has called for a ban on the importation of used cars. According to Daily Post, the Chairman of the committee, Senator Ben Murray Bruce revealed this while on an oversight visit to the assembly plant of Volkswagen of Nigeria Automobile Limited in Lagos. He said “We want one million cars [...]

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]]> Importation Of Food Items Promotes Poverty – Adams Oshiomhole https://www.theinfostride.com/importation-of-food-items-promotes-poverty-adams-oshiomhole/ Wed, 21 Sep 2016 00:59:55 +0000 http://www.theinfostride.com/?p=144580 Governor Adams Oshiomhole of Edo said that importation of food items that could be produced in country had promoted poverty in the country. Oshiomhole said this on Tuesday in Benin at the launch of the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme. The governor said that production of local rice in the country had [...]

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]]> Audu Ogbeh Defend Importation Of Grass From Brazil https://www.theinfostride.com/audu-ogbeh-defend-importation-of-grass-from-brazil/ Thu, 09 Jun 2016 22:49:22 +0000 http://www.theinfostride.com/?p=131624 The Minister of Agriculture, Audu Ogbeh has explained the need for the federal government’s decision to import grass for ranches and grazing reserves in Nigeria. Speaking at the inaugural town hall meeting in Abuja on Thursday, June 9, 2016, the minister said the move would ensure that cattle produce quality meat and milk for local [...]

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]]> Fuel Importation In Nigeria To End Soon? https://www.theinfostride.com/fuel-importation-in-nigeria-to-end-soon/ Thu, 05 May 2016 14:31:56 +0000 http://www.theinfostride.com/?p=127671 The Federal Government has set a three year target that will lead to the total stoppage of fuel importation. This was made known by the minister of state for budget and national planning, Zainab Ahmed. She said ‎”We are setting a three-year deadline to achieve self-sufficiency in refined petroleum products‎ and to become a net [...]

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]]> Nigerian Government Bans Importation Of Small Generators https://www.theinfostride.com/nigerian-government-bans-importation-of-small-generators/ Thu, 19 Nov 2015 14:17:24 +0000 http://www.theinfostride.com/?p=107805 The Federal government has banned the importation of small generators, popularly called “I better pass my neighbour”. The Controller, Federation Operations Unit Zone A, Lagos of the Nigeria Customs Service (NCS), Madugu Sanni Jubrin disclosed this, yesterday. He said: “the smaller generators have been banned by the Federal Government because it is causing air pollution [...]

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