The British High Commissioner to Nigeria, Dr. Richard Montgomery, has commended Nigeria’s ongoing economic reforms, describing them as crucial foundations for positioning the country as a fast-rising destination for global investment. Speaking during a diplomatic engagement in Abuja, Montgomery noted that the bold policy decisions taken by the Nigerian government are already sending positive signals
In a concerted effort to boost agricultural productivity and improve livelihoods in Delta State, the First Lady of Nigeria, Senator Oluremi Tinubu, CON, has extended support to 400 local farmers through the distribution of farm inputs and financial grants. The intervention was carried out under the Agricultural Support Program of the Renewed Hope Initiative (RHI),
As part of efforts to enhance public sector transparency, efficiency, and digital synergy in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the National Information Technology Development Agency (NITDA) has undertaken a strategic engagement with two critical oversight institutions — the Bureau of Public Procurement (BPP) and the Office of the Auditor General for
In a bid to drive greater efficiency and results across Nigeria’s marine and blue economy sector, the Minister of Marine and Blue Economy, Alhaji Gboyega Oyetola, CON, on Tuesday, signed a performance bond with the heads of agencies under the ministry. The event took place during the second day of the Sectoral Retreat organized by
Lagos State has successfully attracted investments exceeding one trillion naira in the past year, according to the state’s Commissioner for Commerce, Industry, and Cooperatives, Mrs. Lola Akande. This landmark achievement highlights the state’s significant role as an economic powerhouse in Nigeria and across West Africa. Mrs. Akande disclosed that the investments span multiple sectors, including
President Bola Ahmed Tinubu has taken a major step toward overhauling Nigeria’s tax system with the introduction of sweeping reforms aimed at improving fiscal efficiency, strengthening revenue generation, and promoting equitable development across the country. The reform initiative, which includes four crucial tax-related bills, has received backing from the National Assembly and is expected to
In a development that briefly calmed economic jitters, the United States saw a modest decline in its inflation rate for the month of April, with consumer prices easing to 2.3% year-on-year, according to data released by the U.S. Bureau of Labor Statistics. The figure, though a slight drop from previous months, has been described by
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has called for sustained private sector investment to consolidate the country’s current economic progress. This comes as the World Bank commended Nigeria’s recent economic reforms and growing fiscal discipline, acknowledging positive signs of recovery and resilience. Speaking at a high-level policy roundtable
The long-anticipated disbursement of the Cabotage Vessel Financing Fund (CVFF) appears imminent, as the Nigerian Maritime Administration and Safety Agency (NIMASA) has confirmed that beneficiaries of the fund will enjoy a single-digit interest rate, coupled with flexible loan conditions aimed at boosting the growth of indigenous shipping operators. Speaking during a stakeholder engagement forum held
Vice President Kashim Shettima has reaffirmed the Federal Government’s unwavering commitment to empowering Micro, Small, and Medium Enterprises (MSMEs), stating that deliberate efforts are underway to position Nigerian businesses for competitiveness across the African continent. Speaking at a recent high-level engagement on economic cooperation, the Vice President declared that Nigeria is not only nurturing local
