Economic growth
Nigeria’s Aviation Sector Boosted as FG Approves Maiduguri Airport Upgrade
President Bola Tinubu has approved the upgrade of the Maiduguri Airport in Borno State to international status. The Maiduguri Airport moves completes the establishment of at least one international airport across Nigeria’s six geopolitical zones, enhancing regional connectivity and economic growth. The upgrade of the Maiduguri Airport to international status is expected to have a […]
Nigeria to Become Major Cocoa Player with 500,000 Tonnes
Nigeria has set an ambitious target to increase its cocoa output to 500,000 tonnes, aiming to challenge the dominance of global leaders Côte d’Ivoire and Ghana in the international cocoa market. Nigeria is currently the fourth-largest producer of cocoa in the world, accounting for around 6% of global production. However, the country’s cocoa output has […]
FG Announces #220m Grant for Exceptional MSMEs in Nigeria
The Federal Government of Nigeria has announced plans to reward innovative and resilient entrepreneurs who have excelled in their endeavors with prizes worth over N220 million. This initiative is part of the government’s efforts to recognize and support outstanding Micro, Small, and Medium Enterprises (MSMEs) in the country. The Senior Special Assistant to the President […]
Unreliable Electricity Supply Stifling Nigeria’s Industrialisation Efforts- Dangote
The President of the Dangote Group, Alhaji Aliko Dangote, has emphasized the crucial role of stable electricity in driving industrialisation in Nigeria. According to Dangote, the lack of reliable power supply is a significant challenge to industrial growth, making it 30% more expensive to run a business in Nigeria compared to developed countries. Dangote cited […]
Skills Development Key to Unlocking Nigeria Economic Potential
Nigeria’s Minister of Education, Dr. Marufu Alausa, has emphasized the crucial role of skills development in driving economic growth and social progress. Speaking at the closing ceremony of the Technical Teachers and Instructors Training Workshop in the South-West Zone, Alausa noted that the demand for a skilled workforce is more pressing than ever, given the […]
Peter Obi Condemns Indiscriminate Market Closures, Advocates Support for MSMEs
Former Anambra State Governor and 2023 presidential candidate Peter Obi has reiterated his call. He advocates for the immediate reopening of markets not involved in illegal drug trading. Obi emphasized the importance of protecting small businesses, citing them as a vital component of Nigeria’s economy. Obi criticized uninformed decision-making by leaders, arguing that it leads […]