Business News
Dangote’s NASCON Allied Industries Plc moves operation from Apapa
NASCON Allied Industries Plc has moved some of its operations away from the Apapa area of Lagos to Oregun and Port Harcourt.
Published
2 years agoon

NASCON Allied Industries Plc, one of the many subsidiaries of Dangote Industries Limited, has disclosed that it has moved some of its operations away from the Apapa area of Lagos to Oregun and Port Harcourt.
Why this? While disclosing the development, the company’s Managing Director, Paul Farrer, said the decision to move its operations was in response to the lingering gridlock in Apapa.
Farrer said the Apapa gridlock was one of the key risks to the company’s business last year. He added that the Apapa gridlock affected the movement of raw materials to Oregun, timely delivery of finished goods to customers, and increased turn-around time of the company’s trucks.
Addressing shareholders during the company’s Annual General Meeting in Lagos on Thursday, June 13, 2019, Farrer said the following;
“We relocated 60 percent of our Apapa Plant production capacity to our Oregun and Port Harcourt Plants to reduce the effects of the gridlock. We also engaged third-party transporters to ensure timely delivery of our finished goods.”
The Apapa Gridlock Challenge: Apapa is a Local Government Area in Lagos, located to the west of Lagos Island. It contains a number of ports and terminals operated by the Nigerian Ports Authority (NPA), including the major port of Lagos State and Lagos Port Complex (LPC).
Apapa contains ports and terminals for various commodities such as containers and bulk cargo, houses, offices and a small old disused railway station (Apapa North).
It also houses major companies such as BUA Group, as well as the commercial offices of many shipping, clearing, and transportation companies.
How FG is challenging the lingering menace: Over the past years, Apapa has been known for its gridlock caused by trucks and other vehicles.
In a move to clear up the Apapa gridlock and restore law and order to the area and its environs, the Federal Government had extended by two weeks, the time given to the Presidential Taskforce on the Apapa traffic gridlock to resolve the matter.
The task force which commenced its assignment on May 24, had up to June 7th to complete the assignment. It is now expected to present a formal report at the end of its extended mandate on June 24.
About NASCON: Established in 1973, NASCON Allied Industries Plc (previously known as NASCON Plc), is a registered company in Nigeria which is engaged in salt refining.
The company has since evolved with additional business lines that now include Vegetable Oil, Tomato Paste, and seasoning.
Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ).Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.


Business
Lagos State seeks investors in aquatic and livestock agriculture value chain
The Commissioner revealed that the scheme was in line with the State’s five-year strategic agriculture roadmap.

Published
16 mins agoon
April 12, 2021
The Lagos State Government announced it is seeking private sector collaboration for Agriculture sector value chain development in livestock feed mills, fisheries and red meat.
This was disclosed by the State Commissioner for Agriculture, Ms Abisola Olusanya, in a statement on Sunday in Lagos.
The Commissioner revealed that the scheme was in line with the State’s five-year strategic agriculture roadmap, as the State identified the 3 main sectors for value chain disruption.
She also added that investment in the sectors would also develop jobs for the industry and boost the State’s GDP growth, through Private Sector collaboration as Lagos residents consume over N5 trillion worth of food annually.
“The objective is to stimulate and encourage more public-private partnerships in the three value chains,” she said.
“When you consider this pool of transactions happening in Lagos, it shows that we are the market. For instance, we demand over 400,000 metric tons of fish on an annual basis.
“But our fishermen and our aquaculture farmers are only able to produce just about 174,000 metric tons with deficit of 200,000 metric tons,” she added.
She also disclosed that the state has 9,000 artisanal fishermen, and bringing more youths into the space will increase the level of fish and seafood being harnessed from our water bodies. Looking at the transactional value on an annual basis, the fisheries sector is worth well over N120billion according to her.
In case you missed it: Nigeria exported agricultural products worth N321.5 billion in 2020, representing a 19.16% increase when compared to N269.8 billion recorded in 2019 and a 6.27% increase compared to N302.28 billion recorded in 2018.
Business
#DigitalSkillsTraining: FG announces conclusion of selection process
Only successful applicants that are contacted by the Ministry are to report at the training venue.

Published
1 hour agoon
April 12, 2021
The Federal Government through the Ministry of Youth and Sports disclosed that the selection process for the upcoming Digital Skills Training has been concluded for the #DigitalSkillsTraining from April 11th to 30th, 2021.
This was disclosed in a statement by the Ministry of Youth and Sport on Sunday evening.
“The Federal Ministry of Youth and Sports Development wishes to inform the general public and all Nigerian Youths that the selection process has been concluded for successful applicants for the #DigitalSkillsTraining scheduled for April 11 to 30, 2021,” the statement said.
The Ministry added that only successful applicants that were contacted by the Ministry are to report at the training venue. Those who were not successful but arrive at the training would not be admitted.
“Upcoming #DigitalSkillsTraining Programmes of the Ministry will be widely publicized on http://youthandsport.gov.ng , on : http://noya.ng and on the Ministry’s social media handles,” the statement added.
What you should know
Recall that Nairametrics reported in November 2020, that the Ministry of Youths and Sports Development announced it will scale up its digital skills training to cover 500,000 youths across the country after securing funding under the COVID-19 stimulus budget.
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