Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    June 29, 2026

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    June 29, 2026

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    June 29, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings
    • T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion
    • Oil Prices Rise on Tit-for-Tat US, Iranian Strikes
    • XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume
    • CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions
    • Dangote Cement Opens at 19% Discount to 52-Week High
    • FirstHoldco Surges by10% as Investors Buy the Dip
    • Zenith Bank Rallies as Investors Chase Upside Potential
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, June 29
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » FG Secures N20bn FDI on Local Production of Disability Assistive Devices

    FG Secures N20bn FDI on Local Production of Disability Assistive Devices

    Marketforces AfricaBy Marketforces AfricaJune 2, 2024 News No Comments3 Mins Read
    FG Secures N20bn FDI on Local Production of Disability Assistive Devices
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    FG Secures N20bn FDI on Local Production of Disability Assistive Devices

    The Federal Government says it has secured Foreign Direct Investment (FDI) to the tune N20 billion towards facilitating local production of assistive devices for Persons with Disabilities (PwDs).

    Dr James Lalu, the Executive Secretary, National Commission for Persons with Disabilities (NCPWD) disclosed this in an interview with the news agency on Sunday in Abuja.

    Lalu said, the need to source for investors in the manufacturing of locally made assistive devices for Persons with Disabilities (PwD) became necessary due to the high cost of the imported devices.

    ” Recently, we secured a foreign direct Investment to the tune of N20 billion and the organisation is committed to starting the local manufacturing of assistive devices as an MoU has already been signed.

    ”The National Commission for Persons with Disabilities is going forward to make sure that we provide this opportunity to Nigeria for the manufacturing of local assistive devices.

    ”This is due to the fact that 99 per cent of our assistive devices are imported and the prices are higher and are now getting out of the reach of the poor.

    “Even, the budgetary allocation provided may not be able to provide assistive devices to the disability community across all states of the federation,” he said.

    Lalu added that promoting local contents in the manufacturing of assistive devices will go a long way to increase patronage and boost the nation’s economy.

    ”With the local manufacturing of assistive devices, it will encourage the state governments, local governments and other government agencies to procure and distribute them to the disability communities.

    ”The National Commission for Persons with Disabilities is working already in the area of local manufacturing of assistive devices for Persons with Disabilities.

    ”These include, wheelchairs, hearing aids and other devices for the blind and the deaf as well as persons with albinism,” he said

    The Executive Secretary disclosed that the commission was touting for talent in innovative and creative industry to improve in the production of assistive devices for PwDs.

    ”Just recently, we saw a video circulating on social media about one person in Kano, who was able to manufacture a digital eye-glass that can assist a blind person to walk around using sensors that will communicate to him through voice.

    ” When we saw this, we put an invitation to the innovator to come to our head office.

    “We are expecting him at our head office on Tuesday and we are going to review his invention, to see what we can do, to partner with the Bank of Industry and NASENI to bring the innovation to reality in Nigeria,” he said.

    Lalu noted that Nigeria is a land of great opportunities, adding the the commission will scout for the opportunities in other to bring the disability community into technological era. #FG Secures N20bn FDI on Local Production of Disability Assistive Devices

    MTN, Unilever Others Pledge 5% Employment Opportunity to PwDs

    FG
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume

    CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions

    Dangote Cement Opens at 19% Discount to 52-Week High

    Add A Comment

    Comments are closed.

    Editors Picks

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    June 29, 2026

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    June 29, 2026

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    June 29, 2026

    XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume

    June 29, 2026

    CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions

    June 29, 2026
    Latest Posts

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    June 29, 2026

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    June 29, 2026

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    June 29, 2026

    XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume

    June 29, 2026

    CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions

    June 29, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.