Economy
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AfDB backs Nigeria with $200m for broadband expansion, job creation
The African Development Bank Group has approved a $200 million loan to support the expansion of Nigeria’s digital infrastructure and drive job creation across the country. The funding will be deployed under the Digital Value Chain Infrastructure for Boosting Employment (D-VIBE) Project, a major initiative aimed at improving connectivity and strengthening the nation’s digital economy. According to the bank, the…
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Ondo grants licenses to two firms in ongoing power improvement efforts
By Boye Oyeyemi The Ondo State Government has issued power generation and distribution licenses to Ore Power Limited and ASB Valiant Electricity Limited in a move aimed at improving electricity supply across the state. The licences were granted through the Ondo State Electricity Regulatory Bureau under the Ondo State Electricity Law, 2020, at a ceremony held in Akure. The Commissioner…
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Your reforms paved way for Bayelsa projects — Diri hails Tinubu
Governor Douye Diri has credited the policy interventions of President Bola Tinubu for enabling the successful delivery of key infrastructure projects in Bayelsa State. Speaking on Friday at a civic reception in Yenagoa during the President’s visit, Diri said federal reforms in the power sector enabled the state to complete its 60-megawatt gas-fired independent power plant. “Your administration’s decisive policy…
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NSC, NRS seek waivers for importers over single window delays
The Nigerian Shippers’ Council (NSC) and the Nigeria Revenue Service (NRS) have urged shipping companies and terminal operators to grant waivers to importers and clearing agents affected by delays linked to the implementation of the National Single Window at the nation’s seaports. The appeal was made during a stakeholders’ engagement held on Friday at the NSC headquarters in Lagos, where…
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Tinubu commissions 60MW Elebele gas-fired plant in Bayelsa
President Bola Tinubu has officially commissioned a 60-megawatt gas-powered Independent Power Plant (IPP) in Elebele, located in Ogbia Local Government Area of Bayelsa State. The project is expected to strengthen energy security in the state, significantly improving electricity supply and supporting industrial development across the Niger Delta. Delivered under the leadership of Governor Douye Diri, the power plant forms a…
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Nigeria’s Blue Economy worth $3trn — Oyetola
Gboyega Oyetola, minister of marine and blue economy, says Nigeria’s blue economy has an estimated value of $3 trillion, as reforms continue to reshape the country’s maritime sector. Oyetola made the disclosure on Thursday at the Blue Economy Investment Summit held in Abuja, noting that recent government interventions have improved coordination, security, and investor confidence. According to the minister, Nigeria’s…
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FG inaugurates gas-to-power committee to tackle electricity supply challenges
The federal government has inaugurated a gas-to-power monitoring committee in a renewed push to address persistent gas supply issues affecting electricity generation across Nigeria. Speaking at the inauguration in Abuja on Thursday, the Minister of Power, Adebayo Adelabu, described the initiative as a “decisive and strategic step” toward resolving a major constraint within the Nigerian Electricity Supply Industry (NESI). According…
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FG targets 500,000 jobs in solid minerals, moves to cut imports by 2027
The federal government has announced plans to create 500,000 direct jobs in Nigeria’s solid minerals sector and reduce reliance on mineral imports as part of efforts to boost industrialisation and economic diversification. In a post on Thursday via its X (formerly Twitter) account, the Federal Ministry of Mines and Steel Development highlighted Nigeria’s vast but underutilised mineral resources, noting that…
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SGF inaugurates committee to review $200bn integrated gas, power, high-speed rail project
The Secretary to the Government of the Federation (SGF), George Akume, has inaugurated a high-level technical committee to review a proposed $200 billion Integrated Gas, Power and High-Speed Rail Project. The project is designed to integrate gas development, power generation and transmission, alongside a 4,000-kilometre high-speed rail network connecting major economic corridors, including Lagos, Abuja, Kano and Port Harcourt. In…
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Build local cloud or risk digital dependence – NITDA DG warns Africa
The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has called on African nations to establish domestic cloud infrastructure and ensure data sovereignty, warning that failure to do so could result in long-term digital dependence. Speaking at a high-level strategic session during the GITEX Africa 2026 summit in Morocco, Inuwa urged the continent to move beyond being…
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