Abia State Governor Alex Otti has welcomed plans to establish a $145 million solar manufacturing plant in the state, describing the project as a major investment that will drive industrialisation, create jobs and boost economic growth. The proposed plant, to be developed by MD Nwakanma Nigeria Limited in partnership with Chinese technical partners, will be located at Umuelele in Isiala Ngwa South Local Government…
Rivers State Governor, Siminalayi Fubara has called on Nigeria’s organised private sector to urgently invest in the country’s blue economy, warning that foreign operators are already taking advantage of its vast marine resources. Speaking at the Annual General Meeting and Conference of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) in…
Lagos State has been ranked among Nigeria’s top 10 states for ease of doing business, alongside Kaduna State, Oyo State, the Federal Capital Territory, Ogun State, Enugu State, Plateau State, Ekiti State, Kano State, and Nasarawa State. The ranking, published in the 2025 Subnational Ease of Doing Business Report, highlights significant progress in reform-driven states, including up to a 40% reduction in business registration time,…
Nigeria’s Minister of Power, Adebayo Adelabu, has revealed that ongoing reforms in the electricity sector have attracted over $2 billion in fresh investments, signaling growing investor confidence. Speaking in Abuja at the inauguration of the Nigerian Electricity Liability Management Company headquarters, Adelabu noted that sector revenue increased by 70% in 2024, while government liabilities dropped by about N700 billion, reflecting improved…
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…
