Nigeria infrastructure development
FG: No Contract Given for Baro Port Project
Amid recent speculations and media reports alleging that a multibillion-naira contract had been awarded for the Baro Inland Port project, the Federal Government has firmly denied the claims, calling them unfounded and misleading. The Ministry of Marine and Blue Economy, through its Special Adviser on Media and Communications, Dr. Bolaji Akinola, clarified in a statement […]
Petrol Subsidy Removal Yields $84 Billion Gain, Funds 40 New Roads — Report
The Federal Government of Nigeria has officially confirmed that the controversial removal of the petrol subsidy, initiated by President Bola Tinubu since May 2023, has resulted in a monumental financial turnaround. According to a recent policy explainer published by the National Orientation Agency (NOA), the abolition of the subsidy has saved Nigeria over $84 billion […]
Nigeria’s Reform Wave Attracts Investors – Diplomat
The British High Commissioner to Nigeria, Dr. Richard Montgomery, has thrown his weight behind Nigeria’s sweeping economic reforms, asserting that the country is fast becoming a magnet for global investors due to its commitment to structural change and economic openness. Speaking at a media briefing in Abuja, Montgomery praised recent bold policy shifts—including fuel subsidy […]
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 […]