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MAN laments 66% rise in manufactured goods exports, insists it’s poor

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By Kayode Sanni-Arewa

The Manufacturers Association of Nigeria has said the 65.84 per cent increase in the value of manufactured goods exported in 2024 from 2023, stating it is below expectations.

The PUNCH found that the gross value of manufactured goods exported in 2024 was N2.28tn, an increase from N778.44bn in 2023.

While manufactured goods exports in 2023 were worse than the previous year, export value slumped in the fourth quarter of 2024.

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The National Bureau of Statistics’ Foreign Trade in Goods data showed the sector’s export value sustained growth in the first quarter of 2024 with N268.70bn, N480.82bn, and N1.04tn in the second and third quarters, respectively.

However, the export value of manufactured goods dropped by 52.48 per cent in Q4 2024 as the NBS reported a lesser value of 494.22bn.

Secretary of the Manufacturers Association of Nigeria Export Promotion Group, Dr Benedict Obhiosa told The PUNCH in a phone interview that the decline in the manufacturing sector’s Q4 2024 export performance stemmed from a hostile operating environment.

“The operating environment has been very hostile for the manufacturing sector over the past two years, especially in terms of infrastructure,” Obhiosa stated. “The high cost of energy, high cost of borrowing, erratic fluctuations in the exchange rate, among others has culminated in the low performance of the manufacturing sector.”

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MAN has called attention to the manufacturing sector’s debilitating state. Earlier in its Q4 2024 Manufacturers Chief Executive Officers Confidence Index, MAN’s Director-General, Segun Ajayi-Kadir noted, “Findings show that production and distribution costs surged further by 18.2 per cent in the quarter under review, from the 20.1 per cent increase witnessed in the preceding quarter.”

Meanwhile, MANEG’s Secretary, Obhiosa disagreed that the improvement in export value from 2023 was not enough to celebrate.

Obhiosa argued that while the NBS data revealed a slight increase, it does not transcend to growth in the sector. He explained that the manufacturing companies were still performing “far below their installed capacity.”

He declared that a more concrete path out of the challenge was an increased government commitment to issuing manufacturers export grants.

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“To maximise the potential of the manufacturing export sector, the Federal Government needs to be more deliberate and action-minded about fully implementing the Export Expand Grant aimed at boosting the non-oil export sector in Nigeria,” Obhiosa stressed. “Historically, EEG has been found to have spurred non-oil export growth in Nigeria.”

Obhiosa alleged that the Federal Government was complicit as it had not paid the EEG leading to years of payment backlog.

He explained: “If the Federal Government can be consistent with the payment of EEG, you can rest assured of higher foreign exchange earnings and inflow to Nigeria as export proceeds payments. As a result, many informal sector operators will even be attracted to the formal export channel.”

According to the NBS, the value of manufactured goods traded in Q4 2024 stood at N8.96tn, representing 24.50 per cent of total trade.

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The main export commodities were unwrought aluminium alloys exported to Japan and China, dredgers exported to Ivory Coast, and cathodes exported to Japan and China.

The NBS added that manufactured goods were mainly exported to Africa at N215.85bn, followed by exports to Asia valued at N165.97bn and Europe at N62.13bn.

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Coup plot: DSS arraigns five associates of ex-Gov Silva

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The Department of State Service (DSS) has arraigned five associates of former Minister of Petroleum Resources, Chief Timipre Silva, before the Federal High Court in Abuja over allegations that they concealed information about the whereabouts of their principal, who the agency said was implicated as a financier of an alleged aborted coup attempt against President Bola Tinubu.

Silva, a former Governor of Bayelsa State, has been declared wanted by the Federal Government, while some of his identified properties have been marked for forfeiture following allegations that he sponsored and masterminded the purported coup plot.

The five associates — Reuben Ayuba, Musa Mohammed, Friday Paul, Paganengigha Anagaha and Ayebaifife Suobite — were brought before Justice Peter Lifu on Wednesday and charged with allegedly concealing the whereabouts of Silva, who the DSS described as a fugitive of the law.

A two-count charge filed against them indicated that the accused persons, on April 28, 2026, became accessories after the fact of felony by concealing the whereabouts of Timiprey Silva, said to be a fugitive of the law.

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The alleged offence is said to be contrary to Section 519 of the Criminal Code Act, Laws of the Federation of Nigeria, 2004.

The DSS also accused them of conspiracy to commit a felony, specifically concealing the whereabouts of Timiprey Silva, who is described as a fugitive of the law, contrary to Section 516 of the Criminal Code LFN, 2004.

However, all the accused persons pleaded not guilty to the charges when they were read to them.

DSS lawyer, Emmanuel Orubor, urged the court to fix a date for the agency to open its case by calling witnesses to testify against the accused persons.

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Meanwhile, Sunusi Musa, a Senior Advocate of Nigeria (SAN), who represented Reuben Ayuba and Paganengigha Anagaha, the first and fourth accused persons, moved applications for bail on behalf of his clients.

Similar bail applications were also argued by Ibrahim Imadegbelo, who represented Musa Mohammed, the second accused person; I. G. Kelubia, who stood for Friday Paul, the third defendant; and E. C. Sogo, who represented Ayebaifife Suobite, the fifth accused person.

The lawyers informed Justice Lifu that their clients had been in custody since October 25, 2025, and urged the court to admit them to bail on liberal terms.

In a brief ruling, Justice Lifu granted the accused persons bail in the sum of N5 million each, with two sureties each in the like sum.

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The sureties are required to swear to an affidavit of means, provide evidence of three years’ tax payment, show evidence of visible means of livelihood and deposit their recent passport photographs.

Justice Lifu further ordered that the identities of the sureties must be verified by the Registrar of the Court.

Pending the perfection of the bail conditions, the judge ordered that the accused persons be remanded in Kuje Prison.

The judge fixed July 22 for the commencement of trial.

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The charges against them read:

COUNT ONE:
“That you, RUBEN AYUBA, MUSA MOHAMMED, FRIDAY PAUL, PAGANENGIGHA ANAGAHA and AYEBAIFIE SUOBITE, adults, males, on or about the 28th day of April, 2026, in Abuja, within the jurisdiction of this Honourable Court, did become accessories after the fact of felony by concealing the whereabouts of Timiprey Silva, who is a fugitive of the law and thereby committed an offence contrary to Section 519 of the Criminal Code Act LFN, 2004.”

COUNT TWO:
“That you, RUBEN AYUBA, MUSA MOHAMMED, FRIDAY PAUL, PAGANENGIGHA ANAGAHA and AYEBAIFIE SUOBITE, adults, males, on or about the 28th day of April, 2026, in Abuja, within the jurisdiction of this Honourable Court, did conspire to commit a felony to wit: concealing the whereabouts of Timiprey Silva, who is a fugitive of the law and thereby committed an offence contrary to Section 516 of the Criminal Code LFN, 2004.”

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Why we declared Delta lawmaker’s seat vacant – Assembly

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The Delta State House of Assembly says the decision to declare the seat of the member representing Udu Constituency vacant was taken in line with the provisions of the 1999 Constitution.

The Chairman of the House Committee on Information and House Leader, Hon. Emeka Nwaobi, gave the explanation in Asaba.

Nwaobi said the Assembly acted strictly within its constitutional powers and not for political reasons.

He said, “The House merely carried out its constitutional responsibility after considering the resignation and defection letter submitted by the lawmaker representing Udu Constituency.”

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The assembly spokesman explained that the Constitution clearly states the conditions under which a lawmaker can defect from the political party on whose platform he or she was elected without losing the seat.

According to him, the only condition is where there is a division or crisis within the political party at the national level.

He said there was no evidence before the Assembly to show that the lawmaker’s defection met that constitutional requirement.

Nwaobi said, “The Delta State House of Assembly is guided solely by the Constitution of the Federal Republic of Nigeria. Every action taken by the House is rooted in the law, and nothing is done outside the provisions of the Constitution.”

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He added that the Assembly’s resolution should not be seen as a political vendetta but as a faithful implementation of the Constitution.

The House leader reaffirmed the commitment of the Assembly to the rule of law, constitutional democracy and legislative integrity.

He urged members of the public to study the relevant provisions of the Constitution before drawing conclusions on the Assembly’s decision.

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Judge’s illness stalls El-Rufai’s bail ruling

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The Federal High Court in Kaduna on Wednesday failed to sit after the presiding judge reportedly fell ill, stalling the ruling on the bail applications filed by former Kaduna State Governor Nasir El-Rufai and his co-defendant, Jimi Lawal.

The case was that of an alleged corruption case instituted by the Independent Corrupt Practices and Other Related Offences Commission against the defendants.

Justice Hauwa’u Buhari had fixed Wednesday, July 1, 2026, for the ruling after hearing arguments from counsel for the prosecution and the defence.

However, proceedings could not go on as scheduled.

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A court source who confirmed the development to The PUNCH said, “They said the judge is sick.”

A fresh date for the ruling is expected to be communicated to parties in the case.

The development came barely two days after the Kaduna State High Court declined a separate bail application filed by El-Rufai in another ICPC prosecution.

On Monday, Justice Diruis Khobo dismissed the former governor’s bail application, holding that it lacked merit.

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The judge ruled that the defendant failed to place sufficient and convincing materials before the court to justify the exercise of its discretion in his favour.

Justice Khobo held that El-Rufai did not present reliable evidence or credible documents capable of warranting his release on bail.

Although the court refused the application, it directed the ICPC to grant the former governor unhindered access to his medical team or any medical facility of his choice within Nigeria for appropriate medical attention.

The court also ordered that El-Rufai remain in the custody of the anti-graft agency pending the determination of the case and adjourned the trial until July 7 and 8, 2026.

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At the Federal High Court, El-Rufai is standing trial alongside his former Special Adviser, Jimi Lawal, and five corporate entities on an amended 11-count charge bordering on alleged abuse of office, financial impropriety and money laundering.

El-Rufai pleaded not guilty to count one, while Lawal pleaded not guilty to counts six, seven and eight.

One of the companies, Singularity Network Security Limited, pleaded not guilty to counts two, three, four, five, nine, ten and eleven.

The ICPC alleged that investigations uncovered irregularities in the handling of government funds and the award of contracts during El-Rufai’s administration, resulting in the alleged diversion and misapplication of public resources.

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The former governor has consistently denied all allegations, insisting that every action taken during his eight-year administration was lawful and in the public interest.

The Federal High Court case had earlier been adjourned after the absence of two co-defendants at a previous sitting.

The PUNCH recalls that on April 14, 2026, Justice Rilwan Aikawa granted El-Rufai bail in the sum of N200m with two sureties, one of whom must be a serving or retired civil servant on Grade Level 15, while the other must be a recognised traditional ruler.

The court subsequently declined the former governor’s application seeking a variation of the bail conditions.

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In the separate Kaduna State High Court case, El-Rufai is facing a nine-count charge bordering on alleged abuse of office said to have been committed during his tenure as governor between 2015 and 2023.

The ICPC accused him of violating public procurement and financial management procedures in the execution of some government contracts.

El-Rufai has pleaded not guilty to all the charges.

While his legal team described the prosecution as politically motivated and lacking merit, the anti-graft agency maintained that it had assembled sufficient documentary and witness evidence to prove its case.

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The twin prosecutions have continued to attract widespread public attention due to El-Rufai’s prominence in national politics and his eight-year tenure as governor of Kaduna State.

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