Echotitbits – Nigeria News

Tag: Jobs

  • ICD approves $20m Islamic finance package to expand Jordan’s non-woven fabrics production

    ICD approves $20m Islamic finance package to expand Jordan’s non-woven fabrics production

    ICD approves $20m Islamic finance package to expand Jordan’s non-woven fabrics production

    In an update published via Africa Newsroom, ICD announced a USD 20 million Shariah-compliant medium-term facility to help expand a Jordan-based non-woven fabrics manufacturer with new Spunlace technology.

    The release says the expansion supports products used in hygiene items and healthcare PPE, tying industrial financing to public-health supply resilience and local job creation.

    It’s another example of development finance leaning into “practical manufacturing”—projects that can plug into regional supply chains quickly if demand is stable.

    ICD’s official announcement describes the facility as “USD 20 million” to expand capacity using advanced equipment. ICD’s LinkedIn post similarly frames it around “job creation” and industrial growth.

    Echotitbits take:
    The key risk is demand cycles—PPE and hygiene inputs can be volatile. Watch for offtake agreements, export announcements, and whether the new line secures long-term contracts beyond the initial expansion phase.

    Source: Zawya — January 2, 2026 — https://www.zawya.com/en/press-release/companies-news/uae-headquartered-future-food-foundry-makes-landmark-investment-in-nextgen-farms-and-sustenir-group-jkinjmwo
    Zawya 2026-01-02

    Photo Credit: Zawya

  • Manufacturers forecast stronger 2026 output but say policy execution will decide the results

    Manufacturers forecast stronger 2026 output but say policy execution will decide the results

    2026-01-02 09:00:00
    According to Punch, the Manufacturers Association of Nigeria (MAN) projects improved output in 2026, with estimates pointing to stronger real growth and a higher contribution to GDP if enabling policies are implemented effectively.

    The report links the optimism to reforms that could stabilise key macro variables, but notes manufacturers remain exposed to structural constraints—energy costs, logistics bottlenecks, and expensive financing.

    Industry voices continue to push for a predictable policy environment and practical support that reduces operating costs, warning that growth projections can be missed if business conditions tighten.

    Validation: Vanguard reported MAN’s forecast and quoted: “Real growth is projected to reach 3.1 percent… contribution… rise to 10.2 percent.” AllAfrica carried CPPE-linked commentary warning that “Nigeria’s manufacturing revival hinges on managing structural risks…”

    Echotitbits take: Manufacturing is one of the fastest routes from ‘GDP growth’ to jobs. Watch Q1 indicators—grid stability vs. self-generation costs, FX predictability for imported inputs, and whether tax reforms reduce friction rather than add new compliance pain.

    Source: The Punch — 2026-01-02 (https://punchng.com/manufacturing-tipped-for-3-1-growth-10-2-gdp-contribution/)
    The Punch 2026-01-02

    Photo Credit: The Punch

  • CPPE: 2026 stability hinges on sustaining reforms, but manufacturing remains fragile without cost relief

    CPPE: 2026 stability hinges on sustaining reforms, but manufacturing remains fragile without cost relief

    2026-01-02 09:00:00
    In an analysis published by The Guardian, the Centre for the Promotion of Private Enterprise (CPPE) projects Nigeria could see greater stability and growth in 2026 if reforms are sustained, but cautions that manufacturing remains fragile under persistent structural constraints.

    The analysis highlights how energy, logistics and financing costs continue to weigh on factories, arguing that macro stability alone won’t lift the real sector without targeted execution that reduces operating costs.

    CPPE’s framing is that reform continuity must translate into measurable improvements in business conditions, otherwise growth remains narrow and disconnected from jobs and purchasing power.

    Validation: Vanguard echoed the execution theme, reporting that gains hinge on “effective execution” of incentives and enabling measures. AllAfrica reinforced CPPE’s structural-risk warning and quoted: “Nigeria’s manufacturing revival hinges on managing structural risks…”

    Echotitbits take: Reforms must translate into lower production costs. Watch early-2026 signals—grid stability versus self-generation expense, FX predictability for inputs and whether tax changes simplify compliance rather than create new leak points.

    Source: The Guardian — 2025-12-29 (https://guardian.ng/business-services/cppe-projects-stability-growth-in-2026-with-sustained-reforms/)
    The Guardian 2025-12-29

    Photo Credit: The Guardian

  • NIRSAL highlights wider 2013–2025 impact: ₦290bn+ finance facilitated and jobs claims

    NIRSAL highlights wider 2013–2025 impact: ₦290bn+ finance facilitated and jobs claims

    2025-12-28 09:00:00
    Figures cited by The Nation show NIRSAL says it facilitated over ₦290bn in finance between 2013 and 2025 across production, processing, logistics, market development and exports, alongside job and beneficiary impact claims.

    NIRSAL positions its role as facilitation rather than direct lending—using risk-sharing, guarantees and technical assistance to help banks and partners extend credit to agribusiness segments seen as too risky.

    The narrative is reinforced in NIRSAL’s communications, where it frames credit guarantees as a mechanism that expands partner financial institutions’ appetite for agriculture lending.

    Set against Nigeria’s food-security pressures, the big question is whether the cumulative numbers translate to measurable productivity gains or mainly reflect credit intermediation and programme counting.

    The Nation reported NIRSAL “has facilitated more than N290 billion” in finance, while NIRSAL communications said it was “closing 2025… with… credit guarantees for over N100 billion” in agriculture and agribusiness.

    Echotitbits take: Impact claims need independent verification. Watch for audited portfolio outcomes, borrower performance data and state-by-state breakdowns—especially default rates and whether credit reached smallholders or stayed concentrated in large firms.

    Source: The Nation — https://thenationonlineng.net/nirsal-facilitates-over-n100bn-in-2025-drives-159-jobs/ — December 28, 2025
    The Nation 2025-12-28

    Photo Credit: The Nation

  • Nigeria Begins Recruitment of 50,000 Police Constables

    Nigeria Begins Recruitment of 50,000 Police Constables

    Photo Credit:The Nation

    The Police Service Commission, in collaboration with the Nigeria Police Force, has commenced recruitment of 50,000 constables in line with President Tinubu’s directive to strengthen community policing and internal security. Applications will be accepted online between 15 December 2025 and 25 January 2026, with separate requirements for general duty and specialist cadres.

    The Commission emphasised that the process will be merit‑based and free of charge, warning applicants against paying middlemen. The expansion is expected to improve police presence nationwide, reduce response times and create thousands of jobs for young Nigerians, while boosting efforts to secure businesses and investments.

    Source: The Nation – 12 Dec 2025

    2025-12-12 10:00:00 The Nation – 12 Dec 2025 2025-12-12

  • ICAN Targets 600 Technicians for Export-Ready Skills

    ICAN says it will train and certify 600 technicians in partnership with NACCIMA and the Nigeria Association of Technicians in Engineering. The initiative aims to enhance employability and standardise technical competence for local and international markets.

    Organisers frame the programme as a practical contribution to workforce development and economic diversification.

    2025-12-10

    Punch Newspapers

    2025-12-10