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Beloxxi Biscuit Completes 2nd and 3rd Production Line, Increases Production

The popular cream Crackers biscuits, Beloxxi, has completed their second and third production line with Crackers production from 40,000 metric tons to 80,000.

This project was made possible by the Irish popstar, Sir Bob Geldof, who in 2016 invested $80m in Nigeria’s biscuit company.

The $80m investment was expected to have boosted and reduce the company’s dependence on imported raw materials which will also ensure that the prices are affordable for her Nigerian consumers.

With this increased production line, about 71 farmers locally supply them the raw materials.

Vice President, Yemi Osibajo, had commissioned the expansion for the production in February 2018 at the Agbara factory in Ogun State.

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How Nigeria Can Attain Sustainable and Inclusive Growth – Dangote

Billionaire businessman Aliko Dangote has identified what Nigeria needs to drive sustainable and inclusive growth.

Dangote, who is Africa’s richest man, said this via a poat on his twitter handle on Friday.

He said, “Nigeria has one of the largest domestic markets with a population of over 200 million people.

“We need to drive sustainable and inclusive growth through industrialization, economic diversification and import substitution, creating jobs and driving economic prosperity.”

Dangote had on Wednesday aired his views about the Nigerian economy at a Roundtable session with the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, with the theme “Going for Growth 2.0.”

He said when he read that the Nigerian Customs collected N1.35trn import duties last year, it means the economy isn’t working.

“If the economy is working, the Customs shouldn’t collect that much money, it is the Federal Inland Revenue Service (FIRS) that should,” he said.

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Airbus and Green Africa announce strategic Partnership for 50 A220 Aircraft

Green Africa Airways, Nigeria’s Lagos-based airline, has signed a Memorandum of Understanding (MoU) for 50 A220-300 aircraft, one of the major orders to be placed globally for the A220 programme and the largest ever from the African continent.

Babawande Afolabi, Founder and CEO of Green Africa Airways said the Green Africa story is a story of entrepreneurial boldness, strategic foresight and an unwavering commitment to using the power of air travel to create a better future.

Airbus Chief Commercial Officer Christian Scherer optimistic about the partnership, said the unique characteristics of the A220 will allow the airline to unlock destinations and route pairs that previously would have been considered non-viable.

The A220 is the only aircraft purpose-built for the 100-150 seat market; it delivers unbeatable fuel efficiency and widebody passenger comfort in a single-aisle aircraft.

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