Director-General of the National Information Technology Development Agency (NITDA), Dr. Kashifu Inuwa, has declared that leveraging Artificial Intelligence (AI) within the digital economy could propel Nigeria’s Gross Domestic Product (GDP) growth by up to 20%. Speaking at the 3rd Economic Confidential Lecture in Abuja on Wednesday, Inuwa emphasized AI’s...
Economy
CEO of HSI Energies, Chikezie Nwosu, has disclosed that the company’s modular refinery under construction in Owaza, Ukwa East LGA, Abia State, will generate 3,000 direct jobs for locals upon completion. The CEO announced this on Wednesday during a visit to Governor Alex Otti at Umuehim Nvosi, Isiala Ngwa...
By AMOS MATHEW, kaduna – Kaduna State Governor, Uba Sani has commended President Bola Tinubu for stabilizing Nigeria’s economy and restoring investors’ confidence, positioning the country for stronger international partnerships. The governor who spoke with TVC News, was highlighting the gains of President Tinubu’s official visit to Brazil. Governor...
By DAVID IORJA, Abuja – The Chartered Institute of Stockbrokers (CIS) has called for a public-private sector partnership across board to bring the $1 trillion economy target of the administration of President Bola Ahmed Tinubu to fruition. In a communique signed by its President/Chairman of Council, Oluropo Dada, the...
Ghanaian President John Dramani Mahama, Thursday in Yokohama, Japan, called on African nations to embrace reforms and stability to position themselves as credible destinations for investment. Mahama made the call at the ongoing 9th Tokyo International Conference on African Development (TICAD), when he co-chaired the second plenary session on “Economy:...
Why Okonjo-Iweala Was Right Nick AguleEmail: nick.agule@yahoo.co.ukX: Nick Agule, FCAFacebook: Nick Agule, FCA Dr. Ngozi Okonjo-Iweala’s statement that President Tinubu deserves credit for stabilising the economy is not just diplomatic—it’s analytically sound. Stability is the prerequisite for any meaningful reform. Without it, growth is impossible. But unfortunately, many Nigerians...
By AISHA NANA, Bauchi – Bauchi State Governor, Bala Mohammed, has named Li Zhensheng, a Chinese national, as the state’s new Economic Adviser, a strategic move to bolster international partnerships and economic growth. The appointment was unveiled during a Memorandum of Understanding (MoU) signing ceremony with the China Global...
In a remarkable achievement, President Bola Tinubu has announced that remittances from Nigerians abroad reached an impressive $20.93 billion in 2024, dwarfing the nation’s Foreign Direct Investment (FDI) by a factor of four. Speaking at the National Diaspora Day (NDD) celebrations and National Merit Award 2025 in Abuja, hosted...
By EZEKIEL OBI, Abuja- The Nigerian Ports Authority (NPA) has set an ambitious revenue target of N1.28 trillion for 2025, representing a 40% increase from the N894.8 billion it realized in 2024. NPA Managing Director Abubakar Dantsoho revealed this during the 2025 budget defense session at the House of...
The Nigerian Communications Commission (NCC) has emphasized the crucial role of telecom services in ensuring national security, particularly in addressing issues that require effective communication. According to the Executive Vice-Chairman of NCC, Dr. Aminu Maida, achieving national security would be impossible without effective telecommunication. “Telecommunication services are now vital...
By DAVID IORJA, Abuja- Anambra State governor Chukwuma Soludo, has declared that President Bola Tinubu led administration salvaged Nigeria’s public finances from the brink of collapse. In an address delivered on June 12 at The Platform Nigeria, hosted by Pastor Poju Oyemade and The Covenant Nation, Governor Soludo praised...
By OLA MODUPE, Lagos- Minister of Budget and Economic Planning, Sen. Atiku Bagudu, has declared that President Bola Tinubu led administration has positioned the nation’s economy for sustained recovery and growth. “We’re not where we want to be, but these steps have turned the economy in the right direction,”...
By DANJUMA JOSEPH, Lafia- The Bishop of Lafia (Anglican Communion), Rt. Rev. Godwin Robinson, has called on President Bola Tinubu to address the root causes of insecurity and economic challenges facing Nigeria. Delivering the Bishop’s Charge at the 2nd session of the 9th Synod of the Diocese, Robinson emphasized...
Nigerian Exchange Group (NGX), on Tuesday, said policy inconsistency, currency woes must be tackled to achieve the Federal Government’s proposed $1 trillion economy. The NGX Chairman, Dr Umaru Kwairanga made the call while speaking with the News Agency of Nigeria (NAN) in Lagos. He said these were challenges that...
By HARUNA AHMED, Kano– Nigeria’s top leaders in business, policy, and development will gather in Kano on Thursday, June 5, 2025, for the next edition of the For The Love of The Country (FLOC) conference. This year’s theme, “Reimagining Nigeria’s Economy for a Prosperous Future: Where We Should Be...
Prof. Zainab Duke- Abiola, wife of late Chief MKO Abiola, has lauded President Bola Tinubu for his economic reforms, resulting in the repayment of $3.4 billion dollars debt owed to the International Monetary Fund (IMF). In a statement she personally signed on Friday, Duke-Abiola noted that the milestone had...
Finance Minister and coordinating Minister of the Economy, Mr. Olawale Edun, has charged the New Board of Directors of the Asset Management Corporation of Nigeria (AMCON), to speed up debt recoveries. The minister gave the charge on Wednesday in Abuja during the Inauguration of the New Board of AMCON....
The Minister of Finance, Mr Wale Edun, has emphasised the crucial role of the capital market in achieving the nation’s ambitious goal of becoming a one-trillion dollar economy. Speaking at the Capital Market Committee (CMC) meeting, the minister highlighted the market’s transformation since 2015. He said that with improvements...
The Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musawa, on Monday said the ministry would contribute $100 billion to the Nigerian economy by 2030. Musawa said this while briefing State House Correspondents at the end of sixth the Federal Executive Council (FEC) meeting of the year...
The International Monetary Fund (IMF) has released it new economic outlook report, reversing Nigeria’s economic growth projections for 2025 and 2026. The April report was released on Tuesday during World Economic Outlook (WEO) at a press briefing at the ongoing IMF/World Bank 2025 Spring Meetings in Washington, D.C. The...