Economic growth
Economic Growth: State Generates Over N3.3bn IGR in January
Plateau State has started the year 2025 on a strong economic footing. The Plateau Internal Revenue Service (PIRS) announced an impressive Internally Generated Revenue (IGR) of over N3.3 billion in January. This significant achievement reflects the state government’s efforts. These efforts aim to boost its revenue base. They also seek to improve its economic prospects. […]
Ibadan Circular Road Pro ject: Makinde Tribute to Ladoja’s Legacy
In an exclusive interview, Oyo State Governor, Seyi Makinde, has revealed why he named the Ibadan Circular Road Project after former Governor Rashidi Ladoja. The project, a 110-kilometer ring road, is designed to connect various parts of Ibadan, the state capital, and surrounding towns. Governor Makinde explained that he named the project after Ladoja as […]
Senate to Weigh in on Tinubu’s Proposals After Resumption
The Nigerian Senate is set to consider President Bola Tinubu’s tax reform bills after its resumption. The proposed legislation aims to reform Nigeria’s tax system, promoting economic growth, and increasing revenue generation. President Tinubu’s tax reform bills are part of his administration’s efforts to diversify Nigeria’s economy and reduce its dependence on oil revenues. The […]
Bangladesh-Nigeria Bilateral Trade Hits $100m Mark
In a significant development, the Bangladesh High Commissioner to Nigeria, Mr. Masudur Rahman, has announced that bilateral trade between Bangladesh and Nigeria has grown exponentially, reaching a staggering $100 million milestone. This remarkable achievement testifies to the strengthening of relations between the two countries. These relations have improved in recent years due to collaborative efforts […]
Nigeria Remains Strategic Market For Emirates Airlines, Says Airline
Emirates Airlines has reaffirmed its commitment to the Nigerian market, citing the country’s strategic importance to its global network. The airline’s dedication to the Nigeria route is driven by growing demand for air travel, underscoring the country’s position as a key player in the African aviation industry. Nigeria’s strategic location and large population make it […]
Dangote to Build Nigeria’s Largest Seaport
Aliko Dangote’s, Dangote Industries Ltd is set to build Nigeria’s largest seaport in Ogun State, specifically in the Olokola Free Trade Zone. This massive project is expected to significantly boost the state’s economy and cement Nigeria’s position as a major player in the maritime industry. The seaport project is a significant investment in Nigeria’s infrastructure […]
FRC Levies: NECA Urges Government to Reduce Burden
The Nigeria Employers’ Consultative Association (NECA) has strongly condemned the Financial Reporting Council of Nigeria (FRC) over the imposition of what NECA describes as “outrageous” annual dues on private and non-quoted companies. The FRC levies move has sparked widespread concern among business leaders, who warn that the increased financial burden could cripple businesses and stifle […]
Infrastructure Boost: States Plan Massive N28.8tn Spending
In a bid to address the nation’s pressing infrastructure needs, Nigerian state governors have unveiled an ambitious plan to spend a whopping N28.8 trillion on critical infrastructure projects in 2025. The Nigeria infrastructure development is expected to have a significant impact on the country’s economic development, improve the quality of life for citizens, and foster […]
FG Commits to Completing Sokoto-Zaria Road
The Federal Government of Nigeria has reaffirmed its commitment to completing the 750km Sokoto-Gusau-Funtua-Zaria road project. The Minister of State for Works, Mr. Bello Goronyo, made this promise during an inspection tour of the ongoing project in Sokoto and Zamfara states The Sokoto-Gusau-Funtua-Zaria road project is a critical infrastructure development initiative aimed at improving transportation […]
Investment Takes Centre Stage as Govt Shifts Focus
The Nigerian government has reaffirmed its commitment to prioritising investment over borrowing, according to a statement by the Minister of Finance, Budget and National Planning, Aisha Abba-Kyari‘s Special Adviser, Dr. Olajide Joseph Oyewole, also known as Dr. Joe Edun. This investment-driven growth strategy is aimed at driving economic growth and reducing the country’s reliance on […]