Economy
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FG, Ericsson to launch connect NextGen innovation hackathon
The federal government, in partnership with global telecommunications company Ericsson, is set to launch the Connect NextGen Innovation Hackathon aimed at equipping Nigerian youths with modern digital skills. The four-month programme, overseen by the Office of the Vice President, will be officially launched on Wednesday, February 11, 2026, at the Presidential Villa, Abuja. The hackathon is part of the implementation…
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Bagudu praises Tinubu for enhancing Nigeria’s federalism
The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has praised President Bola Tinubu for strengthening the nation’s federal system, stating that his economic reforms have increased funds for the subnational governments to provide more amenities for their constituents. “President Tinubu has strengthened our federalism,” the minister told participants at the National Economic Council Conference, which concluded in Abuja…
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NRS targets N40.71trn revenue for 2026
The Nigeria Revenue Service (NRS) on Tuesday revealed N40.71trillion revenue target for 2026 after it broke its record revenue collection performance of N28.34 trillion as against the N25.2 trillion target for the year 2025. This was disclosed on behalf of the NRS executive chairman, Zacch Adedeji, by the Executive Director, Government and Large Taxpayers Group, Ms Amina Ado Kurawa, at…
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Ooni of Ife, Oba Ogunwusi leads business delegation to South Africa Mining Indaba
The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, has arrived in Cape Town, South Africa, to lead a high-level Nigerian delegation to the 2026 Investing in African Mining Indaba Conference. The monarch, who is the Permanent Chairman of the Southern Nigeria Traditional Rulers Council (SNTRC), is attending the conference, which is regarded as one of Africa’s most influential…
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Nigeria’s foreign reserves rise to $49bn, CBN reports
By Kunle Sanni – Nigeria’s net foreign reserves have climbed to $49 billion, marking a dramatic and sustained recovery from the lows of about $3 billion recorded in May 2023, the Central Bank of Nigeria (CBN) has said. CBN Governor Olayemi Cardoso disclosed the figure on Tuesday in Abuja while speaking at the second edition of the National Economic Council…
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VIDEO: Excess liquidity makes 2027 election spending a risk to the economy, says Cardoso
The Governor, Central Bank of Nigeria (CBN), Mr. Yemi Cardoso has warned that despite recent economic gains, the country faces significant risks to stability, especially with elections looming next year. He told the National Economic Council Conference at the Presidential Villa on Monday that a large amount of liquidity remains in the system, and election year spending could destabilize the…
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Tinubu taking tough decisions to secure Nigeria’s long-term growth — Bagudu
By Kunle Sanni – The Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, has said President Bola Ahmed Tinubu remains committed to taking difficult but necessary decisions to reposition Nigeria for long-term growth and economic stability. Bagudu made the remarks on Monday while delivering his welcome address at the second edition of the National Economic Council (NEC) Conference held…
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36 states declare N36.98trn subnational budget approval for 2026
A report by Promad Foundation has revealed that Lagos State led other 35 States in the country for an estimated N36.98 trillion subnational budget approval for 2026 as against N25.58 trillion 2025. The report with title “2026 Nigeria subnational budget outlook”, stated that Nigeria’s subnational budget is rising in 2026. The combined total of N36.98trillion represents a 45 per cent…
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NEC strengthens federalism, drives inclusive growth — Bagudu
The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has said that the National Economic Council (NEC) plays a crucial role in strengthening federalism and driving inclusive growth in Nigeria. He stated this on Thursday, as President Bola Tinubu officially opened the NEC Conference in Abuja, a platform for reflecting on the country’s economic progress. In his welcome address,…
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Tinubu says Nigeria at crossroads, charges governors on sustainable growth
By Kunle Sanni – President Bola Tinubu on Monday said Nigeria is at a defining crossroads, facing deep-rooted economic and structural challenges but equipped with the resilience and determination needed to overcome them. The president made the remarks while delivering his address at the second edition of the National Economic Council (NEC) Conference held at the State House in Abuja.…
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