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MONDAY. JULY 16. 2012 · THI.DAY
BUSINE:: SWORLD
MORE BUSINESS NEWS
FG SE~ks More Invesbnent as P&G Conshucts N43bn Factory Crusoe Dsaglt· ~ FeJera· G..,·,'fI\D"Ien! has stalt'd that it i! rmoving aU bwutxnlit cb-iIadfs and
d1alIerf:ts &un the tn"I~
climate U1 the o.ountry U1 ordeIto attral.111"'1()ft' For.5gn Dired Investment (FIn). 1hr di!ldaNr~ w 15 tn..1I;ir at
.... ...........;,,"""" Gambit> iii'
and l\!get (P&G) N-lJ b,u".... nanuhcturing plant Ir, Agb.tn, C"g'm State. which was done tr' l'resident Goodk.d. )matt..",' ~~
by thl! r-.thuste- of Tradl! and im""l!5tlnlH, 0Ittseg0 .. ~ sa~1
lonathan
Wnll"l1lllll'nt
has opmaI up :he '«Y ~ of the ('C'OI"IOITl./ to F Irtlcipabon by n1l_ Uldig!!'l 0lJ.!I and foreign Ifl\ estors" e.:p'C:iLtllv in
.U~dS where the cvuntry has COIT'petllh'e and romparabve old\
antage
~
are wmung on redu.;mg bureauaatic 00stKle:s 10 private sector ilwestmen.t and de<.'*'Ping Ii strong ptblic ard pr1VillI!' sedor parinf!Mip wilh Gm'emment as the enabler. Thfo Gao.'mUT'lerlt has un--e5lL'd ~"i1v in education. health. ~'andinf\"i1!il:nlctw' otnd 41150 promoted entrepreneurship and competilioo within the ambit of fair, equ1table and enforceable JaIl ;,~ he said The presKlent said !Ius was n~ thaI such irMstmenIs f'IIl".~ go.'Od
rl'tutn!ttI im't!il:-
ment ffia;dUlUnl rmpact CII1
the local eo,.'oomy through tal' creation. value chaUI
enhaOCet1ll.1,t and c:apaaty d~'l!1opmen1
-It is also 10 dt;>Vciop the country as an OIlt50urctng de:stiJM.hon wIth the arm of enhandnllj GOP 2I'Owth, domestic indust:rial&tlon and struduraI. dh1!l'SiflCiltJon oJ. the -y. o '"In thi5 regard _ have Icicked off it National Industrial
Revolution
Plan,
worldng pammklllgly with all stalo.eholden in the publK: and private sector-- 10 ensure 5UCa55. For thP fiN time. we are linking in:Iustries where we h.1~~ Ind COI1piIf3-
bl'l! advantage to Innovation
,and ......skills development.- he He pcnnle<! out that the fOn'lgn exchan8" control
regulllllOns also aUO\<Io' lot' the repatriation of capital. profit and di\'ldends while tKhnical fees and royalties on Ullpor12d iI'duucal!il!l'\-YeS and Il'd:moIog8 are payable.. tionof _ _ "Don't forget_ that repatria-
of iIS5ets is also aUow.!d. We h;we errb:u:ke:i m ~ 5iv~ tax reforms 10 promote an irn~y t;ucs}~ with relennl Incentives and ~ production of II National TIIX Policy apablto of bringing to an end, incidence of double laxabm and NSing lax pa)"rR"'l'1t f« individuals ;mel o . tions w , Aganga said. disclosed !hilt the One-Stop Im'e5tmeonl Centre (C6JC) U1 tir Nlgenan htve;t· mmt Promotion Cornmi->sion
~
(NlK) has been strengthened to achieve efficient coordina· bon of ilwestment faciliblllon
bdwe!n relevant govemment and achieve II 48hour response target for all enquines. BI..I.5IJ1eSSE!S can also be registered within 24 ~ now, he ilSSured. ~ Group President of Procter and Gamble (P&G),
llgenaes
Lo.m;nt i'hffipp< """""-l "'"
the company, which hils been in the lXJlKIlry for 19 ymlS row, remanammiHed.1o ~ the IeiIding Fast MO\'ing Comrroen:ial Goods ~1CG,) social .nd ~ investor in the oountry by gmw'"8 Nigeria'S l.'CtIOOfI"\y in synergy with ~ President's Tr.msformalion
Agmda H~
disdosed that P&G
employs o,'er 3.000 dit"('d and Indinoct mlployees through its office!,. uistribu· lors lind supp!Jers and has also cn5Ited. over 200 small 10 medium enterpnses (SMEs) with cumulatlve investments of over SliD million He noted thai the S2SO million baby ~ plant which is planned to OIX"I.!J'Y • land _ oll6 hectares with .ddihonal 24 hecUros for expal"lSlOll will 00 """"" " ' " will .,..,.,. """ '" dil't'Ctly and cn5Il.e 300
S!>lEo. Philippe n!VeI.led thai currently over 85 per CI!TIt of thP P&G products sold in Nigeria are manufactured in
the country and Nigt'f'll IS lhe companys business hub for the entire 'M5l African region.
IlTA, UI Partner on Food. Envirorunenlal 0taIlenges
VrrginAtiantic Rewards Travel Partners
·\a:oNmg to rmn. Africa focus B1. irDNsin~ resean:h buildu-o< "'" will be trolv u1dependent .,..,.,. _ onlv when il· i! food secure. partnership!>. and disclosed have ~tlh>d . iUt' (·f possible adding thai the uruversity is that COIl!lII!qUI!Iltly, a director· collabOration I.II1I.IF stem Af- wclI placed 10 wtrk with IlTA. ate for C8JM0ty bwIding and rica', f("04l aN! en';JoJnmental ·1 bdif'\-1! that rITA iI there portner!hips has b'el\ mated rn.u.n"", for US. ,ust .. the Uni\~ty tmder the Itoaderslup of Or. As bt.th irRrutir,lIb 5tI"Jw to Collette Hospital is for the Kmfmt 1AsfueIl 10 ch.nnpot 1IIlJl'I"OY"'.4mat • krtl,~ mas COI~ 01 MooICine; there and achie\-.... that .~l under CQnSio,!.. IiIlIou i"dude ml!St be <II bridgt! betW'l'l'n US 80th instituti0n5 agreed in C3fJi'Ot) '-tildbtg. e;le bIi.;,hmslt and IITA lind we art'! ready prirx:ipIe to amurut re;outt1'!II that ","OUld adVllln I"l!Seeld1 rJ a ~rdt.'g' r-arfonn. 90iI 10 work with yOtl, ~ he said. Wi!h its It."o"ioied stmtegy.1ITA ror the benefit ol n!SOtlI"Cr""""",'Googn","," Infunnopen £anner.; and consumers. lion Sctena!, fund fllSUlg foe- explained that it inlend5 to rest'5lI'dt. food an t nutriboo. and Cilparity l.>uiIc iI g. "II \'II! roIllI'l()r.-le on thee areas, h"t' will be IIbll! to help t:dde dill! food, nd 51I"W1Vl"11!Otal cha Ie\&" fac:nc. Afria." Uuy Pine Oil (USA ORIGrN), SiI~""li m A. Dire" tor :;'1"Il'RI. Dr. Niforan ... Sanpngl, dunng " Detersent Surfactant (Tex.apon) •
Chlnedu Eze
lhI! lnIema:ional insbhJte
of TruplCll A,.ncuit,,~ (IITA) lind tht· l.)niV1.rsit· ,f ltMdan
I'r'CI'I1t COlIrb., 'is"11 to the Unt\"et""!tt}
He shtt'd th. I utanllshrd in 1ll67, II rA rellIlU1! a leader in
aop im~"1!IlI rt ;U111he fJght ~t bi,,~
cal lhI1!llts lIoJ
t'f\\-;ror·lIlI!I\b) in Afrit.
~.sI.linabilily
Hedt~Ith;1
mpfU\ed crop H "Hit.--! lronl ITA lu!ve arnI.eI,te.i
flod I£UVlty
cassa,·.
5USlain·~o!'.te elo:X'IeflLaod
\amentt-J the 1 au ir;; nw-ri::let of scierliS'- I I ~'~11 :\tncan
aJI.IJltIrl. wt.tI "'" i 11'IIJIt'dvtoI!.lin. or :rt'f'ltl!el.in, alRnd wn...:h w to<1V BU·I nol ~ ailm"" II.> (111 tnllll!' Sart:;i.." _ VIA d n .....$ n-us i, ""!Oft'" h II fr~lre, paruo.d ~ til \ _1 at Id Cmtml Africa. 11:;'",e- th.1: j'lt' nell in ~~
Hermie.: ·oUt hlltheroliaborat:.rl WItt 1.1. l.ru\"U!'lty dD:Jac\ltn""OUll~o IrI"U'l1eI1!'e
benefit 1("1 !'I.i.... """\iII ·n p.1tbCUlar IUld AfflUl Ir .eJ""I"<,l In h" f\>l1url.
the Vice
Chana'lik of tht.' l
nr"e~itv
H.! .~iit"l tlli't ",It· I Tk "" ouk
,,,,1 l.nll
d lbatL1J1, fntl b.a J( ""'-'-"Kt noIl!d thilt par11l'T:!t-.p was the top a~~ ~.l cf tm' u 'I\~i". p(mt
I'npl"t!;
IV ..u' e'J 'l :ntl."IIl. 1~'BiIh.l'IIfI........ ~ ...1.,;",-~
th-
till": .. lot It'\~
1
lntTi" .... !lItho I
!
Net Inltl:o tlves Nig. Lid. Suite 101.A. I"'"ln t o_n, L.ago',.
l~l.;uo,
lal Av"'n .... e. Fe.. btc
5 .. le5 Hottl ... e: 080 35249948, 081. 2111."415. Q6U 339316ori, 080 3.J3490S1, 081 58886<J07
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S('\-'eral A.lricar· ro4t:nlt1e5 With CamenoOO dOJblht. v;eIds 1M NJ~I -ero!1Ung the wtotid'~ tcor pmlllC1!r rJ the ruot CY\'p. Hen ~llh. hullWllatpacity "'';!S a O\IIIY ~ oe tt at nrl.'ded to be t.ldJ od In" .' 'rU " mounlaIn
Lfllr>rU·
Chlorine (HTH) V' CLEARANCE PRICES. PI .. ase Cunl<>ct:
I 1Itll'
RENT-A-VEHICLE j!4/7 in Abuja.
C LPINA[§J 0809 666 4444 0705 333 4444 I
I
Vugin Atlantic Altways, one
of the world's leading long· haul airli:nes, has I"l"'Narded hetr.wel partnm b- oulStanding
~ .......... """ Africa. Nick Tayn. in his wekolTlf' speech dunng an award ceremony held for
partnm said the oc:ar:sion was 10 ru:ognt:"f' n thmk ··,-alutrl .vd re!ip.'ded Ttade partners U1 w Nigerill , for a good bUSiness reJationslup He added, ~II i! only \'lith thetr contmurd ,upport and <ttT1IT1itrnent IhaI. \IirgIn AtJantr can today still proudly make daiJno: 10 be one rJ the industry leaders and most respected
Within \\.esI AInc:a 'It .u.o provides lilt' With om opportunity to fwther ~
airlmes
Vugm Atlantic5 commitmenl 10 the Nigerian Travel Tradl". "GoUlS forward our strong relabonship can u1bmatel)" p~ the tfillve:lling public d Nige1a a!ft"\-"U" rl whidt ..~ c;an all be ~ pmud d,w Travel Partners