5,000 Propak professionals to explore growth opportunities

• 5,000 Propak professionals to explore growth opportunities
• Oil-producing states racked up more than N4 trillion in domestic debt

More than 5,000 professionals will assemble to take advantage of growth prospects, according to Propak West Africa’s organizers, when its convention starts in November.

In a statement from the conference’s organizers, Afrocet Montgomery, guests of Propak West Africa could anticipate learning about cutting-edge technology, exciting business opportunities, and benchmarking themselves against the competition.

The letter read, “As the region’s leading exhibition and conference for the plastics, packaging, printing, and food processing industries, Propak West Africa is expected to bring together more than 5,000 professionals to source machines, products, and services from over 200 brands across just three days of industry networking – it will truly be an un-missable event.

“Each session in the programme will give attendees critical insight and provide an opportunity to gain knowledge on evolving consumer behaviour, and market trends and take part in important discussions on subject matters affecting the manufacturing industry.”

Dr. Jean Ricca, managing director of BASF West Africa in Nigeria, Prof. Pierre Pienaar, president of the World Packaging Organization, and Ernest Ighrawve, technical project manager for Doehler, are among the experts set to present at the conference.

The announcement said that the event’s session topics would include a variety of challenges affecting the industry, including keynote talks on “Understanding packaging in the cold supply chain.”

In addition to the conference, more than 200 firms from West Africa’s packaging, plastics, printing, and food processing industries would be exhibiting at the event in Lagos.

Oil-producing states racked up more than N4 trillion in domestic debt

According to a recent National Bureau of Statistics (NBS) study on Nigeria’s domestic and external debt, the states that produce oil had a combined domestic debt stock of more than N4 trillion between Q1 2022 and Q2 2022.

Lagos State had the biggest internal debt stock of all the oil-producing states in the nation, according to NBS statistics viewed by Nairametrics. Lagos’ internal debt was N780.4 billion in Q1 2022 and N797.3 billion in Q2 2022.

Ten oil-producing states had a combined debt stock of N2.052 trillion in the first quarter of 2022. For the time period, no oil-producing state had any external debt.

The breakdown for Q1 2022

• Domestic debt in Abia totaled N91.4 billion
• The domestic debt stock for Akwa Ibom was N203.1 billion
• The domestic debt stock of Anambra State was N58.2 billion
• The domestic debt stock in Bayelsa State was N151.4 billion
• The domestic debt stock of Delta State was N163.4 billion
• The domestic debt stock of Edo State was N112.2 billion
• Imo State had an N204.6 billion domestic debt stock
• Lagos State had an N780.4 billion stock of domestic debt
• The domestic debt stock of Ondo State was N62.3 billion
• Domestic debt in Rivers State totaled N225.5 billion

Continue Reading: Oil-producing states racked up more than N4 trillion in domestic debt

Source: punchng.com