Economy
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Oyintiloye highlights gains, challenges of Tinubu’s economic reforms
By Deborah Oladejo, Osogbo – An All Progressives Congress (APC) chieftain in Osun State, Olatunbosun Oyintiloye, has said President Bola Tinubu’s economic reforms since May 2023 have reshaped Nigeria’s economic direction, with gains recorded in some areas despite continued pressure on household welfare and the cost of living. Oyintiloye, a former lawmaker, stated this during a media briefing in Osogbo…
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Marine ministry unlocking Nigeria’s blue economy potential, says Oyetola
By Deborah Oladejo, Osogbo – The Minister of Marine and Blue Economy, Gboyega Oyetola, has said the President Bola Tinubu-led Federal Government’s creation of a dedicated ministry for the sector is helping to unlock Nigeria’s marine resources for job creation, economic growth and environmental sustainability. Oyetola stated this on Tuesday at his 72nd birthday celebration held at his country home…
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Nigeria’s aspiration to build a $1trn economy requires banks capable of mobilising, allocating capital, says CBN
The Deputy Governor, Corporate Services, Central Bank of Nigeria (CBN), Dr. Muhammad Abdullahi on Tuesday said Nigeria’s aspiration to build a $1trillion economy by 2030 requires banks capable of mobilising and allocating capital on a much larger scale. Abdullahi , giving his keynote address at the 38th Seminar for Finance Correspondents and Business Editors annual conference in Lagos stated that…
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Reps extend 2025 capital budget to December 2026
The House of Representatives has once again extended the implementation period for the capital aspect of the 2025 Appropriation Act from 30 September 2026 to 31 December 2026. The approval was granted during Tuesday’s plenary, following a motion moved by Julius Ihonvbere, the majority leader. Ihonvbere said the capital component of the 2025 budget has not been fully implemented due…
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Nigeria to host African creative economy event in Lagos November 5–8 — Oduwole
The federal government will host a major African creative economy event in Lagos from November 5 to 8, as part of efforts to drive trade, investment, exports and job creation through Nigeria’s creative industries. The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, disclosed this on Tuesday while briefing State House correspondents at the Presidential Villa in Abuja. She…
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21 MSME hubs supporting 650,000 jobs across Nigeria — FG
President Bola Tinubu has said 21 shared facilities for Micro, Small and Medium Enterprises (MSMEs) across 19 states and the Federal Capital Territory are supporting businesses and an estimated 650,000 jobs nationwide. Tinubu disclosed this on Monday in a post on his official X handle, saying the facilities were established as part of the Federal Government’s investment in shared MSME…
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67,512 Nigerians access NCGC-backed loans, 16.8% are women — Tinubu
A total of 67,512 Nigerians across 25 states and the Federal Capital Territory have accessed formal credit backed by the National Credit Guarantee Company (NCGC), President Bola Tinubu has said. Tinubu disclosed this on Monday in a post on his X account, saying 11,374 of the beneficiaries are women, while 33.5 per cent are first-time formal borrowers. According to the…
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FG approves upgrade of Onne, Rivers, Delta, Calabar ports — Oyetola
The federal government has approved the comprehensive modernisation and upgrade of Onne, Rivers, Delta and Calabar ports, Minister of Marine and Blue Economy, Adegboyega Oyetola, has disclosed. Oyetola disclosed this in a post on his X account on Sunday, saying the approval reaffirmed the government’s commitment to developing “a balanced, efficient and globally competitive national port system.” The minister said…
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Oyintiloye calls for stronger measures to cushion economic hardship in Nigeria
By Deborah Oladejo, Osogbo – A chieftain of the All Progressives Congress (APC) in Osun State, Hon. Olatunbosun Oyintiloye, has urged President Bola Tinubu to strengthen and comprehensively review the Federal Government’s social intervention programmes to cushion the effects of economic hardship on Nigerians. Oyintiloye, in a statement made available to newsmen on Sunday, said existing interventions covering youth employment,…
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Sanwo-Olu pitches Lagos as Africa’s business gateway at global summit
Governor Babajide Sanwo-Olu of Lagos State has presented the state as a strategic gateway for global investment into Africa, calling for stronger partnerships to translate the continent’s growing international attention into tangible economic opportunities. Sanwo-Olu made the call while speaking at the Global Africa Business Initiative’s Unstoppable Africa 2026 in New York, where global business leaders, investors, policymakers and heads…
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