Economy
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Okonjo-Iweala advocates FG’s policy consistency
The Director General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, has advocated policy consistency in Nigeria regardless of change from one administration to another. “Maintaining good economic and social policies; maintaining policy consistency and adding more reforms on top of that will lead us along the path of good progress that we all desire,” she told a room filled…
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FG, Atlanta partner on Sunflower, Jatropha Curcas export
The Federal Government of Nigeria, through the Ministry of Women Affairs and Social Development, has entered into a strategic partnership with the City of Atlanta, United States, to cultivate and export Sunflower and Jatropha Curcas. A post by the Minister of Women Affairs, Uju Kennedy-Ohanenye on her X handle on Sunday, said that the collaboration was aimed to empower women-owned…
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N598bn FPIs inflow is a remarkable stride of FG’s fiscal, monetary policies, says TDF
The Democratic Front (TDF) has hailed the influx of Foreign Portfolio Investments (FPIs) of nearly N600billion into the country as a welcome development saying this was made possible through the inventive monetary policy of the President Bola Tinubu administration. In a statement signed by its Chairman, Mallam Danjuma Muhammad and Secretary, Chief Wale Adedayo, the group said reports of a…
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FG moves to integrate agricultural insurance to NAGS-AP program amid driving food security
In a bid to curtail harvest losses due to climate change, Federal Government has expedited action to incorporate the Agricultural Insurance Scheme into the National Agricultural Growth Scheme and Agro-Pocket Program (NAGS-AP) to enhance food security and sustainability. The Chief Information Officer on behalf of Director Information, Mrs. Eremah Anthonia quoted the Minister of State for Agriculture and Food Security,…
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Renewed Hope Strategy is reviving Nigeria’s economy, Bagudu asserts
The Minister of Budget and National Planning, Senator Abubakar Atiku Bagudu, has expressed confidence in the Renewed Hope Agenda of President Bola Tinubu to turnaround Nigeria’s economy, affirming that the strategy is yielding positive results. Senator Bagudu spoke Wednesday at the National Economic Dialogue on ‘Nigeria’s Economic Future: 25 Years of Democracy and Beyond,’ organised by the Nigerian Economic Summit…
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Finance Minister launches National Single Window to boost trade, economic growth
In a landmark move to boost Nigeria’s trade and economic growth, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has today launched the National Single Window (NSW) project kickoff workshop in Abuja. Director, Information and Public Relations, Finance Minister, Mohammed Manga in a statement said this transformative initiative aims to streamline trade processes, reduce…
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EDO: NERC transfers regulatory oversight to ESERC
The Nigerian Electricity Regulatory Commission has transferred regulatory oversight of the electricity market in Edo State to the State Electricity Regulatory Commission (ESERC). A statement by the commission on Wednesday said the move complied with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended). It would be recalled that with the EA 2023,…
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Nigeria needs a robust financial system to attract investments for its development, says Bagudu
Minister of Budget and Economic Planning Senator Abubakar Bagudu has said Nigeria needs to attract more resources than it has to fund its development agenda. For this to happen, the nation must develop a sound financial system with integrity, he said. He spoke at the management retreat of the Nigerian Financial Intelligence Unit in Abuja on Monday. “Our Agenda 2050,…
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Oil producers kick over FG’s mandate to sell crude oil to Dangote Refinery, others
Oil producers, under the aegis of the Independent Petroleum Producers Group (IPPG), have warned against being forced to sell crude oil to the Dangote Refinery and other local ones in Nigeria. The IPPG also called on the Nigerian National Petroleum Company Limited (NNPC) to re-direct its allocated crude oil volumes to Dangote Refinery and other local refineries to mitigate the…
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Our members currently suffer supply shortage of petrol- IPMAN Laments
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said its members currently suffer a supply shortage of Premium Motor Spirit otherwise known as petrol in the wake of scarcity of products sweeping across the country. The association currently has more than 3000 members controlling the largest share of filling stations across the country. Chairman Independent Petroleum Marketers Association of…
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