Tag: #EconomicGrowth
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NEPZA REAFFIRMS 10-YEAR BAN ON STRIKES IN FREE TRADE ZONES AMID DANGOTE REFINERY DISPUTE
Nigeria Export Processing Zones Authority (NEPZA) has confirmed its law bans industrial strikes and lockouts for 10 years within Free Trade Zones, including at Dangote Refinery. This move aims to preserve industrial peace and protect investments after recent union disruptions. NEPZA’s MD, Dr. Olufemi Ogunyemi, urged unions to channel disputes through the Authority, stressing that…
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NO MORE BUDGET EXTENSIONS, SAYS FINANCE MINISTER WALE EDUN
At NES #31 in Abuja, Finance Minister Wale Edun declared an end to budget rollovers that cause confusion, confirming an agreement with the National Assembly to keep budgets within the fiscal year. He highlighted new financing methods like sukuk, green bonds, and diaspora bonds to replace eurobonds. Edun emphasized transparency improvements, including a federal billing…
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EKITI AGRO-ALLIED INTERNATIONAL CARGO AIRPORT APPROVED FOR SCHEDULED FLIGHT OPERATIONS
Nigeria greenlights Ekiti airport for commercial flights, boosting agribusiness and regional development. The Federal Government, through Nigeria Civil Aviation Authority (NCAA), has approved scheduled flight operations at Ekiti Agro-Allied International Cargo Airport for an initial six-month period, effective October 4, 2025. The approval permits daytime Visual Flight Rules (VFR) operations as the airport works toward…
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IIF LAUNCHES $8BN GENDER EQUITY ROADMAP FOR INCLUSIVE INVESTMENT
Nigeria sets 10-year plan to unlock capital for women, youth, and persons with disabilities. At the 3rd Gender Impact Investment Summit in Lagos, the Impact Investors Foundation unveiled a bold 10-year Gender Equity and Social Inclusion (GESI) Roadmap aiming to mobilise $8 billion in inclusive capital by 2035. Developed with PwC Nigeria, the strategy targets…
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FG HAILS 40% GROWTH IN RAIL AND WATER TRANSPORTATION
Nigeria’s transport overhaul drives economic recovery and infrastructure boom. President Bola Tinubu praised remarkable progress in rail and water transport over the past 28 months, underscoring sustained investments in infrastructure. Rail grew by over 40% and water transport by 27%, with the Kano-Katsina-Maradi and Kaduna-Kano standard gauge rail projects nearing completion. Major highway projects and…
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GOV. HOPE UZODIMMA CELEBRATES NIGERIA @ 65, CALLS FOR UNITY AND PROGRESS
Imo governor praises Nigeria’s resilience and urges collective nation-building for a stronger future. Governor Hope Uzodimma congratulated Nigerians on the 65th Independence Anniversary, highlighting progress despite challenges. Speaking from Owerri, he stressed the theme “All hands on deck for a greater Nigeria” as a call for unity and renewed commitment to economic growth, political stability,…
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TINUBU CELEBRATES 12 ECONOMIC MILESTONES IN 2 YEARS
Nigeria’s economy is booming with strong growth, falling inflation, and booming exports. President Bola Tinubu highlighted 12 key economic achievements during Nigeria’s 65th Independence Day broadcast. GDP grew 4.23% in Q2 2025, the fastest in four years, while inflation dropped to 20.12%. The government surpassed its N20 trillion non-oil revenue target by August, and Nigeria…
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NIGERIA @ 65: STAKEHOLDERS SHARE MIXED REFLECTIONS ON NATION’S JOURNEY
Calls for unity, reform, and hope amid economic and social challenges as Nigeria marks 65 years. As Nigeria celebrates its 65th Independence Day, voices from Anambra, Enugu, and Ebonyi reflect a nation at crossroads. Anambra lawyer Stanley Okafor urges a “Revolution of Conduct” against breakdowns in democracy and justice, lamenting distrust in institutions. Professor Chris…
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TINUBU HAILS 12 ECONOMIC MILESTONES IN 2 YEARS, ECONOMY ON FAST-TRACK
Nigeria’s economy surges with record revenue, inflation drop, and expanding infrastructure under Tinubu’s leadership. President Bola Tinubu marked Nigeria’s 65th Independence Day by spotlighting 12 major economic achievements over the past two years. The economy grew 4.23% in Q2 2025, beating IMF forecasts, with inflation down to 20.12%. Non-oil revenue hit over ₦20 trillion by…
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NIGERIA TAX REFORM ACTS SIGNED TO SIMPLIFY TAXES, BOOST ECONOMY
New tax laws exempt low earners, cut corporate rates, and aim to grow business and capital markets. President Bola Tinubu’s June 26 signing of the Nigeria Tax Reform Acts consolidates multiple tax laws into a single, streamlined system to ease compliance and increase fairness. Individuals earning ₦800,000 or less annually are exempt from Personal Income…
