Economy
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Presidency reaffirms Tinubu’s commitment to inclusive economic growth, expanding social protection measures
By Kunle Sanni – The Presidency has restated President Bola Tinubu’s unwavering commitment to promoting inclusive economic growth and implementing impactful policies designed to ease the financial hardships faced by Nigerians. Special Adviser to the President on Media and Public Communication, Sunday Dare, gave the assurance on Wednesday, October 8, 2025, through a post on his verified X account, @SundayDareSD,…
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NUPRC attracts over $4.9bn capex in non-associated gas
Since the enactment of the Petroleum Industry Act (PIA), Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday said that has approved over 25 Non-Associated Gas (NAG) Field Development Plans, unlocking nearly 9,790 BSCF of reserves, 3.54 BSCF/D of gas, and attracting over $4.9 billion in CAPEX investments. This is on the backdrop of Nigeria’s ambition to become Africa’s gas powerhouse…
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Shettima declares Nigeria has exited economic instability, woos investors at Bauchi summit
By Kunle Sanni – Vice President Kashim Shettima on Wednesday declared that Nigeria has exited its phase of economic instability, urging investors to take advantage of what he described as the “most auspicious” time to invest in the country. Speaking at the opening of the Bauchi Investment Summit 2025, Shettima said the nation’s economic turnaround was the result of reforms…
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Nigeria’s debt-to-GDP ratio will drop to 39.8% in 2025, World Bank projects
Nigeria’s public debt profile is set to improve significantly in 2025, with the World Bank projecting that the country’s debt-to-GDP ratio will drop from 42.9 per cent to 39.8 per cent, the first drop below 40 per cent in over a decade. The development marks a milestone in Nigeria’s fiscal management efforts, driven by stronger non-oil revenues, prudent fiscal policies,…
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Kukah, Sanusi, Atedo rally behind Dangote Refinery, warn PENGASSAN, labour against disruption
A group of eminent Nigerians, top business leaders, clerics, and civil society advocates, have cautioned the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the organised labour movement against actions capable of undermining national economic interests, particularly concerning the Dangote Petroleum Refinery. In a joint statement signed by Atedo Peterside, Khalifa Muhammad Sanusi II, Bishop Matthew Hassan…
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NNPCL has responded to N210trn audit query, says Wadada
The Nigerian National Petroleum Company Limited (NNPC Ltd) has submitted responses to all 19 queries raised by the Senate Committee on Public Accounts over discrepancies amounting to N210 trillion in its audited financial statements. The chairman of the committee, Senator Aliyu Wadada, disclosed this on Tuesday, saying the committee had received the company’s written replies and would soon present them…
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FG to adopt a new borrowing mix to reduce exposure to external loans, says Wale Edun
The minister of finance and coordinating minister of the economy, Mr. Wale Edun has stated that the federal government is poised to adopt a new borrowing mix to reduce exposure to Eurobonds, other external loans Speaking at the ongoing 31st Nigerian Economic Summit (NES) in Abuja, Edun said, “The government will make greater use of Sukuk, green bonds, and diaspora…
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FG inaugurates committee to launch Confederation of African Fashion
The Federal Ministry of Art, Culture, Tourism, and Creative Economy has inaugurated a working committee to unveil the Confederation of African Fashion (CAF), also known as Afroliganza, a continental initiative aimed at transforming Africa’s fashion industry. The Confederation seeks to create a unified platform for African nations to collaborate in developing and implementing policies that will elevate the continent’s fashion…
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Tinubu challenges stakeholders to charts path on Nigeria’s achieving $1trn economy
President Bola Ahmed Tinubu on Monday in Abuja challenged stakeholders to chart a path towards Nigeria’s achieving the $1trillion economy by 2030. Declaring the 31st Nigerian Economic Summit Group (NESG) open, Tinubu who was represented by the Vice President, Kashim Shettima underscored the administration’s commitment to bold reforms that will unlock growth, expand jobs, and ensure shared prosperity. The Director,…
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Nigeria must drive industrialisation, others to accelerate inclusive growth, says NESG
The Nigerian Economic Summit Group (NESG), on Monday outlined infrastructure investment, industrialisation, investor confidence, fiscal sustainability, inclusion, institutional strengthening, and security as the critical priorities to sustain the Federal Government reforms and accelerate inclusive growth. The chairman of the NESE, Mr. Olaniyi Yusuf outlined the seven critical priorities to sustain reforms and unlock growth when he gave his opening address…
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