Tag: #EconomicGrowth
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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…
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FEC APPROVES $125M ISLAMIC BANK LOAN TO BOOST ABIA’S INFRASTRUCTURE DRIVE
The Federal Executive Council has approved a $125 million Islamic Development Bank (IsDB) loan for Abia State’s Integrated Infrastructure Development Project, a key part of a $263.8 million co-financing plan including funds from AfDB and Canada–Africa Development Bank. The project will upgrade over 160km of roads in Aba and Umuahia, tackle erosion issues, and create…
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ENUGU GOV LAUNCHES 100 CNG BUSES, PROMISES 20,000 JOBS AND ECONOMIC BOOST
Governor Peter Mbah of Enugu State has unveiled 100 modern Compressed Natural Gas (CNG) buses and five new bus terminals, pledging to create at least 20,000 jobs and drive the state’s GDP toward $30 billion in six years. The new transport system promises affordable, accessible, and seamless travel, supporting schools, markets, and major routes while…
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PRESIDENT TINUBU SET TO VISIT JAPAN AND BRAZIL FOR KEY SUMMITS AND BILATERAL TALKS
President Bola Tinubu leaves Abuja Thursday for official visits to Japan and Brazil, with a brief stop in Dubai. In Japan, he’ll attend TICAD9 in Yokohama from August 20-22, focusing on Africa’s economic transformation, private investment, and sustainable development. He’ll engage world leaders and Japanese CEOs invested or interested in Nigeria. Next, Tinubu heads to…
