- Economy
NCGC unlocks N64bn loans, supports 914,791 jobs in 14 months
The National Credit Guarantee Company (NCGC) says it has facilitated N64.13 billion in loans to Nigerian businesses and individuals in 14 months, supporting an estimated 914,791 direct and indirect jobs. The company’s Chief Executive Officer, Bonaventure Okhaimo, disclosed this on Tuesday during a media parley at the State House, Abuja, where he said the intervention had also enabled 22,616 Nigerians…
Read More » - Economy
AfDB provided $7bn support to Nigeria in 10 years — Adesina
Former President of the African Development Bank Group, Akinwumi Adesina, says the bank provided about $7bn in financing to Nigeria between 2015 and 2025, representing 63 per cent of its total financing to the country since it began operations in 1971. Adesina disclosed this on Tuesday after meeting President Bola Tinubu at the Presidential Villa, Abuja, where he briefed the…
Read More » - National News
PHOTO NEWS: Tinubu meets former AfDB president Adesina at Aso Villa
President Bola Tinubu received former President of the African Development Bank Group, Akinwumi Adesina, on Tuesday. The meeting took place at the Presidential Villa, Abuja. Details of the discussions were not immediately available.
Read More » - National News
Tinubu aware of food prices — Presidential aide
The Presidency has dismissed suggestions that President Bola Tinubu is disconnected from the economic difficulties facing Nigerians, saying he receives regular briefings on the cost of basic food items, including bread and eggs. Dr Abiodun Essiet, Senior Special Assistant to the President on Community Engagement, North-Central, said the President was regularly informed about the realities confronting households through her office…
Read More » - National News
Tinubu seeks $20bn external loans for infrastructure, other projects
President Bola Tinubu has asked the National Assembly to approve a supplementary external borrowing plan of $20.52 billion and €1.04 billion to finance projects across key sectors of the economy. The request was conveyed in a letter read by Senate President Godswill Akpabio during Tuesday’s plenary. Tinubu said the proposed loans would fund projects in infrastructure, agriculture, healthcare, education, water…
Read More » - National News
Presidency seeks private sector funding for state police
The Presidency has urged businesses and industry groups to support the funding and implementation of state police, saying 24 State Houses of Assembly have approved the constitutional amendment required to establish the proposed system. Femi Gbajabiamila, Chief of Staff to President Bola Tinubu and chairman of the Presidential Working Group on the National Policing Bill, made the appeal on Monday…
Read More » - Politics
2027: Nigeria needs a builder, not a liquidator, says Adeyeye
The Chairman of the Board of Directors of the Nigerian Ports Authority (NPA), Dayo Adeyeye, has urged Nigerians to re-elect President Bola Tinubu in 2027, describing him as a builder of national assets in contrast to former Vice-President Atiku Abubakar, whom he accused of favouring the sale of public assets. Adeyeye made the call at a press conference on the…
Read More » - Economy
Nigeria needs competitive exchange rate to boost local production — Soludo
Anambra State Governor, Chukwuma Soludo, has urged Nigeria to maintain a competitive exchange rate over the next decade to strengthen local production, expand exports and make Nigerian goods more competitive in international markets. Soludo said the country should target a real effective exchange rate (REER) undervaluation of between 25 and 30 per cent annually over the next 10 years, cautioning…
Read More » - Development
Oluremi Tinubu seeks US partnership to tackle child malnutrition
First Lady, Oluremi Tinubu, has pledged the federal government’s commitment to tackling hunger and child malnutrition through a proposed partnership with US-based organisation, Operation End Starvation. The partnership was discussed on Monday when the Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, led a delegation of the organisation and other health sector agencies to meet with the…
Read More » - Economy
Tough reforms beginning to change Nigeria’s economic fortunes — Tinubu
President Bola Tinubu says his administration’s economic reforms are rewriting Nigeria’s decades-long story of underperformance, citing improvements in economic growth, investment inflows and manufacturing. Tinubu, represented by Vice-President Kashim Shettima, spoke on Monday while declaring open the 32nd Nigerian Economic Summit in Abuja. He said the reforms were designed to dismantle structural barriers to economic growth, restore investor confidence and…
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