Tag: #EconomicGrowth
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CROSS-PARTY LEADERS JOIN SEN. UMAHI TO INSPECT LAGOS-CALABAR COASTAL HIGHWAY
Minister urges Nigerians to evaluate the landmark infrastructure connecting West to South-East. Minister of Works Sen. Dave Umahi led a cross-section of political and civil society personalities, including PDP chieftain Chief Segun Showunmi, to inspect the Lagos-Calabar Coastal Highway project. Umahi emphasized the need for Nigerians to appreciate President Tinubu’s infrastructure efforts and judge the…
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AIR PEACE ATTRIBUTES UK GOVT SUPPORT FOR LONDON HEATHROW AND GATWICK OPERATIONS
After seven years, Air Peace finally secures UK airport access, thanks to strong UK backing. Chairman Dr. Allen Onyema credits UK officials, especially British Deputy High Commissioner Jonny Baxter, for helping Air Peace start scheduled flights to London’s Heathrow and Gatwick. He urges Nigerians and government officials to support local airlines for economic growth and…
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FG SETS JUNE 2026 DEADLINE FOR ABUJA–LOKOJA & ABUJA–KADUNA–KANO ROADS, WARNS CONTRACTORS OF EFCC, ICPC PROBE
Slow contractors face contract termination and anti-corruption investigations over delayed highway projects. Minister of Works David Umahi demands completion of Abuja–Kaduna–Kano and Abuja–Lokoja roads by June 2026, slamming contractors for poor progress despite payments. New payment rules tie funds to milestones, with risks of contract revocation. FG stresses roads’ economic and security importance amid rising…
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SHETTIMA GETS A SOUVENIR, SPARKS SMILES AT NES 66TH ANNUAL CONFERENCE
When economics meets prestige, Vice President Kashim Shettima walks away with more than insight—he takes home a souvenir, courtesy of Prof. Adeola Adenikinju at NES 2025! Vice President Kashim Shettima (right) received a special souvenir from Nigerian Economic Society President, Prof. Adeola Adenikinju, during the 66th Annual NES Conference at Abuja’s NAF Centre on Tuesday.…
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OGUN STATE PROMOTES ITSELF AS AFRICA’S GATEWAY AT AfCFTA TRADE FAIR
Governor Abiodun spotlights bold reforms and infrastructure to attract investors and boost intra-African trade. At IATF25 in Algiers, Ogun State Governor Dapo Abiodun positioned the state as Nigeria’s top investment hub, highlighting projects like Gateway Cargo Airport, upgraded ports, roads, and industrial clusters. Simplified processes via OgunInvest and strategic location near Lagos ports and ECOWAS…
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NIGERIA REAFFIRMS GOAL OF 10 BILLION SCF GAS PRODUCTION BY 2030
Finance Minister Wale Edun underscores reforms and investments to boost Nigeria’s gas industry. Minister Wale Edun reaffirmed Nigeria’s commitment to producing 10 billion Standard Cubic Feet of gas per day by 2030 during a meeting with NLNG leadership. Discussions focused on production targets, investment climate, tax reforms, and infrastructure upgrades including pipeline security and road…
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NIGERIA RECORDS HISTORIC NON-OIL REVENUE GROWTH, REDUCES OIL DEPENDENCE
Fiscal reforms and digital tax drive push Nigeria’s economy towards resilience and development. The Presidency announced Nigeria’s non-oil revenue surged 40.5% to ₦20.59 trillion from January to August 2025, thanks to reforms in tax compliance and digital administration. President Tinubu highlighted this shift away from oil dependence, stressing improved fiscal discipline, record FAAC allocations topping…
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GOV. HOPE UZODIMMA RAISES IMO MINIMUM WAGE, BOOSTS WORKERS’ PAY
Governor Hope Uzodimma has approved a new minimum wage of N104,000 for Imo civil servants, up from N76,000. Doctors’ wages jumped from N215,000 to N503,000 and tertiary institution teachers now earn N222,000, nearly double the previous rate. He announced this during a Tuesday night meeting with labor leaders in Owerri. Uzodimma emphasized that good pay…
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TINUBU SECURES PETROBRAS’ RETURN, NIGERIA-BRAZIL SIGN GAME-CHANGING DEALS
After five years, Brazil’s oil giant Petrobras is set to return to Nigeria, marking a fresh chapter in deepening ties between the two nations. President Bola Tinubu announced Petrobras will soon resume joint ventures in Nigeria, boosting the country’s energy sector. Speaking in Brasília alongside Brazil’s President Lula, Tinubu called it a “major boost” and…
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TINUBU ARRIVES IN JAPAN FOR TICAD9, EYES BOOSTING INVESTMENTS IN NIGERIA
President Bola Tinubu has arrived in Tokyo to attend the Ninth Tokyo International Conference on African Development (TICAD9), aiming to strengthen partnerships and attract fresh investments to Nigeria. Scheduled for August 20–22, the summit brings together African leaders, Japan, and global partners to drive Africa’s economic transformation. Tinubu plans to showcase Nigeria’s reform agenda, hold…
