Tue. Jul 26th, 2022

Mines and Steel Development.

The Minister of Mines and Steel Development, Olamilekan Adegbite, says that Nigeria will soon begin production of forty-two point seventy-four billion metric tonnes of  bitumen, which has been left fallow for years.

The Minister who disclosed this, in Abuja, during a Press briefing on the concession of the delineated Nigerian bitumen blocks, noted that the cost of road construction in the country would ultimately reduce with the local production of bitumen.

The Director-General, Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, Dr. Dikko Radda, has revealed that the contribution of Micro, Small and Medium Enterprises MSMEs, to the Gross Domestic Product dipped by three point five percent last year.

Dr. Radda who made this known in Abuja, at a roundtable organized by a Civil Society, Transparency Advocacy for Development Initiative, in collaboration with SMEDAN, disclosed that MSMEs only accounted for six point two percent of external trade in the same year.

The Importers Association of Nigeria, IMAN, has accused those it labelled dubious foreign nationals of using Nigeria as a dumping ground for substandard tyres.

The Chief of Staff of IMAN National President, Igwe John, who made the allegation, in Onitsha, Anambra State, while reacting to the spate of substandard tyres in the country, pointed out that the practice has contributed to rising cases of accidents on roads.

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