Bromine Market: Global Industry Analysis and Forecast (2024-2030) The Bromine Market size was valued at USD 4.80 Billion in 2023 and the total Bromine revenue is expected to grow at a CAGR of 5.5% from 2024 to 2030, reaching nearly USD 6.98 Billion by 2030 Bromine Market Report Overview Maximize Market Research published reports that help clients to understand the landscape of the Bromine Market that the client is competing in. The report gives insights about the market to help clients understand the demand for their product in the future and how competitive the Bromine Market is likely to be. The Bromine Market overview gives thorough details about the size of the market, trade statistics, leading players, and various market metrics such as life cycle, trends, etc. Request a Free Sample Copy : https://www.maximizemarketresearch.com/request-sample/2640 Bromine Market Report Scope and Research Methodology The Bromine Market report delves into the importance of segments and regional markets, based on factors like market size and growth rate. A comprehensive overview of all segments and regions is outlined within the report. An in-depth analysis of projected statistics, significant developments, and revenue is encompassed in the Bromine Market report. It also entails a thorough examination of the key strategies employed by leading market players to enhance business growth on a global scale while maintaining a competitive edge. The research on the Bromine Market encompasses an evaluation of production, consumption, revenue, market share, and growth rates across the following regions: North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The application of SWOT analysis offers insights into the strengths and weaknesses of the Bromine Market . Request a Free Sample Copy or View Report Summary: https://www.maximizemarketresearch.com/request-sample/2640 Bromine Market Regional Insights Asia Pacific region holds a significant share in the bromine derivatives market with a market share of 45% in 2023 and is expected to grow with a CAGR of 5.10%, driven by rapid industrialization and urbanization in countries like China and India. In India, according to the Ministry of Statistics and Program Implementation’s Infrastructure and Project Monitoring Division, the government had 1,559 projects in the pipeline valued at INR 26.7 trillion (USD 314.22 billion) as of May 2023. Also, the Indian construction industry is expected to grow at a rate of 6.2% per year from 2023 to 2026, thanks to a strong pipeline of infrastructure projects in many sectors. The Chinese Bromine production is expected to reduce driven by a reduction in capacity owing to depleting resources that was about 4% per annum. The environmental issues and corresponding crackdowns by the authorities have also led to some production plants being shut down due to regulatory scrutiny.

On Friday, Governor Uba Sani of Kaduna State revealed that the number of out-of-school children in his state has reduced by 300,000 since April 2024. Governor Sani shared this information with reporters at the State House following his discussions with President Bola Tinubu at the Aso Rock Villa in Abuja. According to estimates from the Kaduna State Bureau of Statistics, there are approximately 768,739 children in the state who are not currently enrolled in basic education, covering grades Basic 1 through 9. Sani mentioned that this figure has dropped by 300,000 as a result of prioritizing educational infrastructure. He said, “I informed him (President Tinubu) that in the last six months, we have reduced the number of out-of-school children by about 300,000 because we built 62 secondary schools in Kaduna and 2,340 classrooms in primary schools; we have employed teachers. “We have also been able to reconstruct, remodel, and equip about 12 secondary healthcare centres in Kaduna State. “Yes, we embarked on a severe adjustment. We clarified that we need to reduce the cost of governance in Kaduna State. To date, we have not bought a single vehicle for any government official in Kaduna State. “We’ve reduced the allowances of all our commissioners and advisers; even I have been receiving half of my salary since I became governor of Kaduna State, and I’ve not had a single new vehicle as governor. “So we have tremendously reduced the cost of governance, and that’s the way to go if we want to address our problems and improve major areas such as education and healthcare infrastructure.”

Nigeria has granted approval for Exxon Mobil Corp. to sell its oil and gas assets to the local energy company Seplat Energy Plc, bringing to a close a prolonged two-year delay in finalizing the $1.3 billion deal. President Bola Tinubu, granted ministerial approval for this agreement along with three others, according to Gbenga Komolafe, the chief executive officer of the Nigerian Upstream Petroleum Regulatory Commission. On Monday, during an event in the capital city of Abuja, Gbenga Komolafe, the CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), announced that the ministerial approval has been secured. Under the agreement, Seplat will acquire a 40% interest in four oil mining leases and the related infrastructure, which includes the Qua Iboe export terminal. Additionally, Seplat will hold a 51% stake in the Bonny River natural gas liquids recovery plant that was formerly operated by Mobil Producing Nigeria Unlimited, the local division of Exxon.

The Comptroller General of the Nigeria Immigration Service, Kemi Nandap, has revealed that efforts are currently being made to modernize Nigeria's border security infrastructure. The CG underscored the advancements being achieved in improving border management systems, stressing the crucial role of implementing cutting-edge technologies and strategies to protect the nation’s borders. In a statement released by Kenneth Udo, the Immigration Spokesman, which our correspondent acquired on Sunday, the Controller General revealed this information during a recent visit to immigration offices in Lagos, Ogun, and various other states in the South-West region. Nandap also encouraged service personnel to uphold a high level of professionalism, assuring them that their well-being would remain a top priority.

“We keep talking about grid collapse. Grid collapse, grid collapse, whether it’s a total collapse, partial collapse, or slight trip-off. This is almost inevitable.” - Minister of Power, Adebayo Adelabu The Minister of Power, Adebayo Adelabu emphasizes the importance of establishing power grids across various regions and states to effectively address the ongoing issue of frequent grid failures. On Wednesday, the minister made this announcement during the launch of Hexing Livoltek, a company specializing in the manufacturing of electricity meters, located in the Lekki region of Lagos State. Adelabu highlighted that grid failures are nearly unavoidable in Nigeria due to the poor condition of the nation’s power infrastructure. He emphasized that establishing several power grids across different regions and states would promote greater stability. He said, “This Electricity Act has decentralised power. It has enabled all the subnational governments, the state government and the local government, to be able to participate in the generation, transmission, and distribution of electricity. We all rely on a single national grid today; if there is a disturbance of the national grid, it affects all 36 states. It shouldn’t be like that. This will enable us to start moving gradually towards having regional groups and possibly having state grids. “And each of these grids will be removed and shielded from each other. So, if there’s a problem with a particular grid, only the state where it belongs will be affected, not the entire nation. So, this is one of the impacts this Electricity Act will have. “We keep talking about grid collapse. Grid collapse, grid collapse, whether it’s a total collapse, partial collapse, or slight trip-off. This is almost inevitable as it is today, given the state of our power infrastructure, the infrastructure is in deplorable conditions, so why won’t you have trip-offs? Why won’t you have collapses, either total or partial? It will continue to remain like this until we can overhaul the entire infrastructure. What we do now is to make sure that we manage it. “In the last four months, we have not heard of any grid collapse, except two days ago when we had a partial collapse that didn’t even last two hours. So, what we work on now is how to improve our response time, to bring it up each time it collapses. There are transformers of 60 years old, and 50 years old, and you’re expecting them to perform at the optimal rate. It is not possible. That is why we need a lot of investments in this infrastructure to bring them up to speed, to bring them up to the state that can give us a grid that will not collapse again.”

The Vice President, Kashim Shettima, set to lunch the $617 million IDICE Program on November 4, 2024. Additionally, the application portal for Capacity Development and Infrastructure Support Grants will also open on the November 4, 2024. Since the program's launch in April, progress has been hindered by the continuing approval process with crucial funding partners, including the African Development Bank, the Islamic Development Bank, and the French Development Agency. The process has been successfully concluded, paving the way for the subsequent phase. The Vice President, who holds the position of Chairman for the program, has now authorized the next steps. The program is set to introduce a variety of opportunities for the creative and digital industries, representing a crucial advancement in achieving the program’s objectives and ensuring its full execution.

The house Representatives are advocating for free Internet access for public schools, hospitals, federal, state, and local government offices, secondary and tertiary institutions, health centers in rural areas, police, Army, Navy, and Customs barracks, public parks, plazas, libraries and reading centers, public airports and seaports, and public transport terminals. During its initial reading this week, a bill titled “An Act to establish the legal framework for a free internet access program in designated public areas across Nigeria and for other related purposes” was introduced. This legislation is sponsored by Mr. Abubakar Kusada, the representative for the Kankia/Ingawa/Kusada Federal Constituency in Katsina State. Kusada stated that Nigeria acknowledges the crucial importance of information and communications technology in the process of nation-building. He underlined the commitment to fostering an environment that facilitates the development of infrastructures aimed at ensuring dependable and secure internet access is both available and accessible to all. Sections of the bill states,“No fee shall be collected from users to connect on the public internet access points. The free internet service provided shall be separate from the internet service used for backend computer systems and programmes, databases, and/or management and information systems in government offices, provided that the shared use of infrastructure shall not be prohibited.” “Technical solutions that may limit or restrict access shall only be employed where there is a clear and present technical risk or breach that cannot be remedied through ordinary technical solutions, provided that technical solutions that can likewise maintain or promote ease of access shall be prioritized and pursued.” “NCC and NITDA shall be the lead implementing agencies that will oversee the effective and efficient implementation of this Act. Others include the Nigerian Satellite Communications Limited and the Nigerian Internet Group, an internet advocacy group.”

FG Unveils Fresh Fiscal Incentives to Enhance Nigeria's Oil and Gas Industry. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has announced two significant fiscal incentives designed to rejuvenate Nigeria's oil and gas industry: - Value Added Tax (VAT) Modification Order 2024 - Notice of Tax Incentives for Deep Offshore Oil & Gas Production, in accordance with the Oil & Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order 2024. The VAT Modification Order 2024 introduces exemptions for several essential energy products and infrastructure, such as Diesel, Feed Gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Electric Vehicles, Liquefied Natural Gas (LNG) infrastructure, and Clean Cooking Equipment. These initiatives aim to reduce living costs, enhance energy security, and expedite Nigeria's shift towards cleaner energy alternatives. Furthermore, the Notice of Tax Incentives for Deep Offshore Oil & Gas Production introduces fresh tax relief options for projects in deep offshore exploration. This initiative is designed to establish Nigeria's deep offshore basin as a top-tier choice for international oil and gas investments. These reforms are components of a larger set of policy initiatives focused on investment, advocated by President Bola Ahmed Tinubu, as outlined in Policy Directives 40-42. They demonstrate the administration's unwavering dedication to promoting sustainable development within the energy sector and boosting Nigeria's competitive standing in global oil and gas production.

FULL TEXT OF NATIONAL BROADCAST BY PRESIDENT BOLA AHMED TINUBU ON THE 64TH INDEPENDENCE ANNIVERSARY OF THE FEDERAL REPUBLIC OF NIGERIA OCTOBER 1, 2024 Fellow Nigerians, as I address you today, I am deeply aware of the struggles many of you face in these challenging times. Our administration knows that many of you struggle with rising living costs and the search for meaningful employment. I want to assure you that your voices are heard. As your President, I assure you that we are committed to finding sustainable solutions to alleviate the suffering of our citizens. Once again, I plead for your patience as the reforms we are implementing show positive signs, and we are beginning to see light at the end of the tunnel. Exactly 64 years ago, our founding fathers chose democracy as a form of government and launched the dream of a great country that would lead the rest of Africa out of poverty, ignorance, and underdevelopment, a beacon of hope to the rest of Africa and the world. Over six decades later, we can look back, and Nigerians worldwide can see how well we have succeeded in realising the lofty dreams of our founding fathers. The world is witnessing and benefiting from the can-do spirit of the Nigerian people, our massive intellectual capacity, and our enterprise and industry in all vocations, from arts to science, technology to infrastructure. The dreams that our founding fathers envisaged are still a work in progress. Every day, we put our hands on the plough, determined to do a better job of it. While it is tempting to focus on what has been left undone and where we have stumbled as a nation, we must never lose sight of how far we have come in forging and holding our country together. Since independence, our nation has survived many crises and upheavals that led to the dissolution and disintegration of many other nations worldwide. Six years after independence, our country descended into a political crisis that led to a bitter and avoidable civil war. Since returning from the brink of that darkest moment, we have learned to embrace our diversity and manage our differences better as we continue to work towards engendering a more perfect union. Despite the many challenges that buffeted our country, we remain a strong, united, and viable sovereign nation. Dear compatriots, our independence anniversary gives us another chance to reflect on how far we have gone in our journey to nation-building and to renew our commitment to building a better nation that will serve present and future generations of Nigerians. While we celebrate the progress we have made as a people in the last sixty-four years, we must also recognise some of our missed opportunities and mistakes of the past. If we are to become one of the greatest nations on earth, as God has destined us to be, our mistakes must not be allowed to follow us into the future. My administration took over the leadership of our country 16 months ago at a critical juncture. The economy faced many headwinds, and our physical security was highly impaired. We found ourselves at a dizzying crossroads, where we must choose between two paths: reform for progress and prosperity or carry on business-as-usual and collapse. We decided to reform our political economy and defence architecture. On the security front, I am happy to announce to you, my compatriots, that our administration is winning the war on terror and banditry. Our target is to eliminate all the threats of Boko Haram, banditry, kidnapping for ransom, and the scourge of all forms of violent extremism. Within one year, our government has eliminated Boko Haram and bandit commanders faster than ever. As of the last count, over 300 Boko Haram and bandit commanders have been eliminated by our gallant troops in the Northeast, Northwest, and some other parts of the country. We have restored peace to hundreds of communities in the North, and thousands of our people have been able to return home. It is an unfinished business, which our security agencies are committed to ending as quickly as possible. As soon as we can restore peace to many communities in the troubled parts of the North, our farmers can return to their farms. We expect to see a leap in food production and a downward spiral in food costs. I promise you, we shall not falter on this. Our government has been responding to the recent natural disasters, particularly the flooding in parts of the country. After Vice President Kashim Shettima visited Maiduguri, I also visited to assure our people that this federal government will always stand with our people in their times of trouble. At the last meeting of the Federal Executive Council, we approved a Disaster Relief Fund to mobilise private and public sector funds to help us respond faster to emergencies. Our government has also ordered integrity tests of all our dams in the country to avert future disasters. The economy is undergoing the necessary reforms and retooling to serve us better and more sustainably. If we do not correct the fiscal misalignments that led to the current economic downturn, our country will face an uncertain future and the peril of unimaginable consequences. Thanks to the reforms, our country attracted foreign direct investments worth more than $30 billion in the last year. Fellow compatriots, our administration is committed to free enterprise, free entry, and free exit in investments while maintaining the sanctity and efficacy of our regulatory processes. This principle guides the divestment transactions in our upstream petroleum sector, where we are committed to changing the fortune positively. As such, the ExxonMobil Seplat divestment will receive ministerial approval in a matter of days, having been concluded by the regulator, NUPRC, in line with the Petroleum Industry Act, PIA. This was done in the same manner as other qualified divestments approved in the sector. The move will create vibrancy and increase oil and gas production, positively impacting our economy. The more disciplined approach adopted by the Central Bank to monetary policy management has ensured stability and predictability in our foreign exchange market. We inherited a reserve of over $33 billion 16 months ago. Since then, we have paid back the inherited forex backlog of $7 billion. We have cleared the ways and means debt of over N30 trillion. We have reduced the debt service ratio from 97 per cent to 68 per cent. Despite all these, we have managed to keep our foreign reserve at $37 billion. We continue to meet all our obligations and pay our bills. We are moving ahead with our fiscal policy reforms. To stimulate our productive capacity and create more jobs and prosperity, the Federal Executive Council approved the Economic Stabilisation Bills, which will now be transmitted to the National Assembly. These transformative bills will make our business environment more friendly, stimulate investment and reduce the tax burden on businesses and workers once they are passed into law. As part of our efforts to re-engineer our political economy, we are resolute in our determination to implement the Supreme Court judgment on the financial autonomy of local governments. The central concern of our people today is the high cost of living, especially food costs. This concern is shared by many around the globe as prices and the cost of living continue to rise worldwide. My fellow Nigerians, be assured that we are implementing many measures to reduce the cost of living here at home. I commend the Governors particularly, in Kebbi, Niger, Jigawa, Kwara, Nasarawa, and the Southwest Governors that have embraced our agricultural production programme. I urge other states to join the Federal Government in investing in mechanised farming. We are playing our part by supplying fertilizer and making tractors and other farm equipment available. Last week, the Federal Executive Council approved establishing a local assembly plant for 2000 John Deere tractors, combine harvesters, disc riders, bottom ploughs and other farm equipment. The plant has a completion time of six months. Our energy transition programme is on course. We are expanding the adoption of the Presidential Initiative on Compressed Natural Gas for mass transit with private sector players. The Federal Government is ready to assist the thirty-six States and FCT in acquiring CNG buses for cheaper public transportation. Fellow Nigerians, while we are working to stabilise the economy and secure the country, we also seek to foster national unity and build social harmony and cohesion. Our economy can only thrive when there is peace. As we work to overcome the challenges of the day, we remain mindful of the next generation as we seek to galvanize their creative energy towards a better future. We lead today with the future we wish to bequeath to our children in focus, recognizing that we cannot design a future that belongs to them without making them its architects. Considering this, I am pleased to announce the gathering of a National Youth Conference. This conference will be a platform to address the diverse challenges and opportunities confronting our young people, who constitute more than 60 per cent of our population. It will provoke meaningful dialogue and empower our young people to participate actively in nation-building. By ensuring that their voices are heard in shaping the policies that impact their lives, we are creating a pathway for a brighter tomorrow. The 30-day Confab will unite young people nationwide to collaboratively develop solutions to issues such as education, employment, innovation, security, and social justice. The modalities of this Confab and selection of delegates will be designed in close consultation with our young people through their representatives. Through this confab, it will be our job as leaders to ensure that their aspirations are at the heart of the conference’s deliberations. The government will thoroughly consider and implement the recommendations and outcomes from this forum as we remain resolute in our mission to build a more inclusive, prosperous, and united Nigeria. Our government is implementing several other youth-centric programmes to give our young people an advantage in the rapidly changing world. We are implementing, amongst others, the 3 million Technical Talents programme (3MTT) of the Ministry of Communications, Innovation and Digital Economy, aimed at building Nigeria's technical talent backbone. We have also enthusiastically implemented the Nigerian Education Loan Fund (NELFUND), which provides cheap loans to our students to pursue their tertiary educational dreams. In addition, later this month, we shall launch The Renewed Hope Labour Employment and Empowerment Programme (LEEP). It is conceived as a comprehensive suite of interventions at job creation by the Federal Ministry of Labour and Employment that is aimed at facilitating the creation of 2.5 million jobs, directly and indirectly, on an annual incremental basis whilst simultaneously ensuring the welfare and safety of workers across the country. As is the tradition, the government will soon announce all the beneficiaries of our national honours for 2024. The Senate President and the Chief Justice of the Federation have been conferred with the honour of the Grand Commander of the Order of the Niger (GCON). The deputy Senate President and Speaker of the House of Representatives have the honour of Commander of the Order of the Federal Republic (CFR), while the deputy speaker of the House has been awarded Commander of the Order of Niger (CON) . Fellow Nigerians, better days are ahead of us. The challenges of the moment must always make us believe in ourselves. We are Nigerians—resilient and tenacious. We always prevail and rise above our circumstances. I urge you to believe in our nation's promise. The road ahead may be challenging, but we will forge a path toward a brighter future with your support. Together, we will cultivate a Nigeria that reflects the aspirations of all its citizens, a nation that resonates with pride, dignity, and shared success. As agents of change, we can shape our destiny and build a brighter future by ourselves, for ourselves and for future generations. Please join our administration in this journey towards a brighter future. Let us work together to build a greater Nigeria where every citizen can access opportunities and every child can grow up with hope and promise. May God continue to bless our nation and keep members of our armed forces safe. Happy Independence anniversary, my fellow Nigerians!

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