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Hayat Kimya Begins Operations on Its $100m Factory.


After inaugurating it’s $100m diaper and tissue plant in 2017, Hayat Kimya Nigeria had begun operation on it’s 200,000 sqm factory located in Agbara, Ogun State.

Nigeria is believed to be importing ₦4bn worth of diaper and sanitary kits yearly.

With the completion of the facility which is powered by 14mW electricity, 1.3 billion units of diapers and 13,000 tons of tissues are expected to be produced yearly and jobs will also be readily available.

Nigeria is the first major investment hub in sub Sahara Africa for Turkish firm in who also has other 14 production sites around the world.

The Nigerian factory is currently ranked as the most modern Hayat Kimya plant in the world.

Brands in the Hayat Kimya production line includes Bingo, Molfix, Molped, Papia, Familia, Focus and Teno as well as Joly and Evony.

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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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