Economy
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Nigeria charting a clear path toward industrialisation, says Wale Edun
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared that the country is once again charting a clear path toward industrialisation, after decades of economic stagnation following independence. He made this known while speaking at the African Sovereign Investment Forum (ASIF) hosted by the Nigerian Sovereign Investment Authority (NSIA) in Abuja on Monday. Edun declared: “We…
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Tinubu urges smarter use of sovereign wealth for Africa’s growth
By Kunle Sanni – President Bola Tinubu has urged African nations to work together and deploy their sovereign wealth funds more strategically to address the continent’s infrastructure deficit, strengthen climate resilience, and create jobs for its rapidly growing youth population. Speaking through Vice President Kashim Shettima on Monday in Abuja, President Tinubu made the call while declaring open the 4th…
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Tinubu’s reforms rescued Nigeria’s economy from collapse – Soludo
By Kunle Sanni Governor Chukwuma Charles Soludo of Anambra State has declared that President Bola Ahmed Tinubu’s administration rescued Nigeria’s economy and public finances from imminent collapse through bold structural reforms. Speaking on Wednesday at The Platform Nigeria — a national discourse hosted by Pastor Poju Oyemade and The Covenant Nation — Soludo commended the Tinubu administration’s economic policies, describing…
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FG reaffirms commitment to economic recovery, democratic growth — Minister Idris
The Minister of Information and National Orientation, Mohammed Idris, has restated the Federal Government’s commitment to economic recovery, investor confidence, and the deepening of democratic values. Speaking in an exclusive interview with Forbes Africa to mark this year’s Democracy Day, Idris praised President Bola Tinubu’s reform agenda, describing the removal of fuel subsidies and the unification of foreign exchange rates…
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Nigeria seeks Chinese, global investors to improve railway infrastructure
By Kunle Sanni Minister of Transportation, Senator Said Ahmed Alkali, has urged Chinese investors and the international community to deepen their involvement in Nigeria’s expanding railway sector. Speaking at the 16th International Infrastructure Investment and Construction Forum (IIICF) in Macao, Alkali outlined fresh opportunities in dedicated power systems, integrated security solutions, and real-time monitoring technologies to safeguard railway corridors and…
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Nigeria’s total merchandise trade drops by 1.58 YoY at N36.2trn in Q1 2025, says NBS
The National Bureau of Statistics (NBS) on Wednesday disclosed that Nigeria’s total merchandise trade stood at N36.02 trillion in first quarter of (Q1)2025, about 1.58 per cent decline from N36.6 trillion in first quarter of 2024. When compared to 2024, total merchandise trade increased by 6.19 per cent to the value of N33.9 trillion from N36.02 trillion in Q1 2025.…
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Osun, 16 other states fail to domesticate national policy on WEE, BudgIT reveals
A report by BudgIT has revealed that Osun, 16 other states have failed to domesticate national policy on women’s economic empowerment (WEE). The remining states are: Abia, Anambra, Bauchi, Bayelsa, Delta, Ebonyi, Ekiti, Gombe, Jigawa, Katsina, Kebbi, Kogi, Ondo, Rivers, Sokoto and Yobe. According to the report, Kaduna State has commenced implementation, while 11 states—Akwa Ibom, Borno, Cross River, Edo,…
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Nigeria urges BBNJ ratification, funding for Blue Economy at UN Ocean Conference
At the ongoing United Nations Ocean Conference in Nice, France, Nigeria has called for the immediate ratification of the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement and increased funding for blue economy initiatives to ensure the sustainable use and protection of the world’s oceans. Delivering Nigeria’s statement on behalf of President Bola Ahmed Tinubu, Minister of Marine and Blue Economy, Adegboyega…
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FG unveils $50 million Impact Investment Fund to drive inclusive economic growth
By Kunle Sanni The Federal Government has officially launched the Nigeria Wholesale Impact Investment Fund (WIIF), a $50 million initiative aimed at fostering inclusive economic growth, job creation, and sustainable development across key sectors of the Nigerian economy. This was revealed in a post on X by Kamorudeen Yusuf, Personal Assistant on Special Duties to the President, on Wednesday. The…
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FG, Meta initiate AI-powered solutions to tackle Nigeria’s critical challenges
Mark Zuckerberg’s Meta has partnered with the Federal government to launch the Llama Impact Accelerator, a new initiative designed to drive AI-powered solutions for Nigeria’s critical challenges. Meta will be driving the initiative with the Federal Ministry of Communications, Innovation & Digital Economy (FMCIDE), the National Centre for Artificial Intelligence and Robotics (NCAIR), and the National Information Technology Development Agency…
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