The pledge by former Vice President Atiku Abubakar, the African Democratic Congress (ADC) presidential Candidate for 2027, to restore the fuel subsidy if elected has reignited one of Nigeria’s most contentious economic debates, with analysts warning that the promise risks becoming a campaign slogan rather than a coherent policy. Speaking on The Conversation during a…
President Bola Ahmed Tinubu has welcomed the outcomes of the 10th France–Nigeria Business Council Meeting held at the Africa Forward Summit in Nairobi, Kenya, describing it as a major shift from discussions to concrete implementation between both countries. He noted that with bilateral trade reaching $4.7 billion in 2025, and Nigeria remaining a top destination…
France’s economy stalled in the first quarter, posting zero growth, according to initial GDP estimates. The figures reflect the effects of the Middle East conflict that began on February 28. Data released by INSEE on Thursday showed that sluggish domestic demand and a significant drag from foreign trade weighed on overall economic performance. Earlier projections…
The Federal Government has unveiled a Unified National Poverty Register alongside a proposed N3.2 trillion National Humanitarian & Poverty Reduction Trust Fund, aimed at streamlining poverty interventions, improving governance, and driving sustainable economic growth across Nigeria. Speaking at a One Humanitarian One Poverty Response System (OHOPRS) workshop, Minister of Humanitarian Affairs and Poverty Reduction Bernard Doro explained that the initiative would consolidate fragmented programmes…
The Federal Government has unveiled plans to unlock Nigeria’s path to a $1 trillion economy by 2030, with a central focus on expanding access to capital for women-led enterprises. At a colloquium marking International Women’s Day, the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, emphasized that Nigeria’s economic ambitions cannot be realized without…
Former Minister of Information and Culture, Alhaji Lai Mohammed, has called on federal and state governments to prioritise tourism development and strengthen public-private partnerships as a strategy for economic growth and diversification. Mohammed made the call during an interactive session at “Experience Olumo: Celebrating Heritage, Inspiring Tourism,” held at the Olumo Rock Tourist Complex in…
Abia State Governor, Alex Otti, has expressed his willingness to enter into strategic economic partnerships with the government of Delaware in the United States to accelerate growth and development in the state. This was disclosed in a statement issued on Saturday by the governor’s Chief Press Secretary, Ukoha Njoku, following a meeting between Governor Otti…
President Bola Ahmed Tinubu said on Thursday in Abuja that his administration is laying the groundwork for a vibrant digital workforce that will propel Nigeria’s next phase of economic growth and shared prosperity. Speaking through the Secretary to the Government of the Federation, Senator George Akume, at the State House Conference Centre during the 3…
The Federal Government has indicated that it may consider selling Nigeria’s state-owned refineries as part of ongoing economic reform efforts aimed at attracting investment, enhancing competition, and improving operational efficiency in the downstream oil sector. Nigeria’s four refineries — located in Port Harcourt, Warri, and Kaduna — have a combined installed capacity of 445,000 barrels…
Afreximbank has expressed strong support for Investopedia, a new digital investment platform launched by the Nigerian Governors’ Forum (NGF) to attract funding and bridge the country’s significant infrastructure gap. Speaking at the platform’s unveiling, Peter Olowononi, Director of Client Relations for Anglophone West Africa at Afreximbank, described Investopedia as a strategic tool designed to link…
