Economy
-
NITDA, Ministry deepen partnership on digital economy agenda
The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has reaffirmed the agency’s commitment to strengthening collaboration with the Federal Ministry of Communications, Innovation and Digital Economy to accelerate Nigeria’s digital transformation and ensure stronger policy alignment across the sector. Speaking during a courtesy visit by the Permanent Secretary of the Ministry, Nadungu Gagare, to NITDA…
Read More » -
IMPI backs Tinubu’s borrowing, says Nigeria needs $14.2bn yearly for infrastructure development
One of Nigeria’s foremost policy groups, the Independent Media and Policy Initiative (IMPI) has justified the borrowings of the President Bola Tinubu administration on the ground that it is the most realistic way to bridge the country’s massive infrastructure gap. In a policy statement signed by its Chairman Dr Omoniyi Akinsiju, the think tank argued that Nigeria’s infrastructure challenges were…
Read More » -
Budget Office defends delay in release of quarterly report
The Budget Office of the Federation says fiscal years are defined by law and not strictly tied to the calendar year, amid public concerns over delays in the publication of Quarterly Budget Implementation Reports. In a statement issued by its Director-General, Tanimu Yakubu, the office explained that the fiscal year is a “juridical and legislative creation” whose duration is determined…
Read More » -
BPP moves to stop contract variations, bars unauthorised cost reviews
The Bureau of Public Procurement has introduced new guidelines requiring Ministries, Departments and Agencies (MDAs) to obtain prior approval before any upward revision of contract sums, in a sweeping reform aimed at curbing cost inflation and abuse of variation orders in public projects. In a statement issued on Sunday by the bureau’s Head of Press and Public Relations, Zira Nagga,…
Read More » -
FG welcomes S&P upgrade of Nigeria’s sovereign credit rating
The federal government says the decision by S&P Global Ratings to upgrade Nigeria’s sovereign credit rating from ‘B-’ to ‘B’ with a Stable Outlook reflects growing international confidence in the country’s economic reforms and policy direction. Taiwo Oyedele, minister of economy in a statement issued on Friday, said the latest upgrade follows similar positive rating actions by Fitch Ratings and…
Read More » -
Musawa seeks reform as NIHOTOUR begins nationwide tourism certification exercise
The Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musa Musawa, has called for stronger professionalism and standardisation in Nigeria’s tourism sector as the National Institute for Hospitality and Tourism (NIHOTOUR) launched a nationwide certification and registration exercise for practitioners. She made the call on Thursday at the launch of NIHOTOUR’s nationwide registration, induction and professional practice certificate…
Read More » -
JUST IN: Nigeria begins 30-day visa-free entry for Rwandan nationals
The federal government has commenced the implementation of a 30-day visa-free entry policy for Rwandan nationals entering Nigeria, in a move aimed at strengthening diplomatic and economic ties between both countries. The Nigeria Immigration Service (NIS) announced the development in a statement on Friday following President Bola Tinubu’s declaration at the Africa CEO Forum in Kigali, Rwanda. According to the…
Read More » -
Nigeria’s inflation rises to 15.69% in April 2026, says NBS
The National Bureau of Statistics (NBS) on Friday said Nigeria’s headline inflation rate rose to 15.69per cent in April 2026, up from 15.38per cent recorded in March 2026. NBS in its latest Consumer Price Index report revealed that the figure reflects renewed consumer price pressures across the economy despite a sharp moderation in month-on-month inflation and a significant decline compared…
Read More » -
Tinubu: Citizens want better hospitals, roads but dont want to pay tax
President Bola Tinubu has said that many Nigerians expect improved public infrastructure such as well-equipped hospitals and good roads, but are often unwilling to pay taxes needed to fund such development. Speaking on Friday at the ongoing Africa CEO Forum in Kigali, Rwanda, Tinubu stressed that taxation is essential for governments to meet citizens’ demands for infrastructure and services. According…
Read More » -
Africa needs stronger financing frameworks for gas development — NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for stronger African-led financing frameworks and commercially viable payment systems to unlock the continent’s vast gas resources and drive energy security and industrial growth. The call was made by the Executive Vice President, Gas, Power and New Energy at NNPC Ltd, Olalekan Ogunleye, during the Africa CEO Forum holding in…
Read More »
Follow our WhatsApp Channel