Production/Manufacturing Sector Leads with Remarkable Growth In 2023, Nigeria witnessed a surge in international investment across various sectors, with the production/manufacturing industry emerging as the frontrunner. Garnering a substantial influx of $1,590.79 million, this sector showcased remarkable strength, marking a significant increase from the $948.43 million recorded in the previous year. This surge can be…
Charles Odii Recognized for Exceptional Leadership Charles Odii, the Director-General of SMEDAN, has been lauded for his exceptional leadership and dedication to promoting small and medium-sized enterprises (SMEs) in Nigeria. Appointed in October 2023, Odii has wasted no time in implementing innovative strategies to support MSME development across the country. His efforts have been instrumental…
Transporters Face Mounting Operational Expenses Transportation operators in Nigeria find themselves at a crossroads as they grapple with surging operational costs, triggering concerns of an impending fuel scarcity. The Nigerian Association of Road Transport Owners (NARTO) has issued a stark warning, indicating that the industry could face a standstill as early as Monday. Alhaji Yusuf…
Minister of Power, Mr Adelabu, has disclosed alarming figures regarding the indebtedness of consumers and the subsidy shortfall plaguing Nigeria’s power sector. During a press conference in Abuja on Wednesday, Mr Adelabu revealed that consumers owe Generation Companies (GenCos) a staggering N1.3 trillion, while the country’s debt to gas companies stands at $1.3 billion. This…
Alhaji Muhammad Sa’ad Abubakar III and Traditional Rulers Sound Alarm on Escalating Suffering and Insecurity in Nigeria The Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar III, joined by a coalition of traditional rulers, voiced profound apprehensions regarding the escalating turmoil gripping Nigeria, particularly in its Northern territories. Speaking at the revered Arewa House in Kaduna,…
President Bola Tinubu’s Strategic Summit, A Catalyst for Economic Recovery President Bola Tinubu’s proactive initiative to convene a high-level meeting with state governors at the Aso Rock Villa marks a pivotal step towards tackling Nigeria’s pressing economic challenges. This strategic gathering symbolizes a concerted effort to address the nation’s economic woes head-on, highlighting the importance…
Senate Godswill Akpabio Acknowledges Service Chiefs’ Proficiency in Addressing National Security Challenges In a marathon closed-door meeting spanning over 10 hours, the Senate Godswill Akpabio, alongside key ministers and service chiefs, expressed contentment with the adept handling of the nation’s escalating insecurity. The Senate’s recognition of the service chiefs’ dedication and competence underscores their acknowledgment…
Association of Master Bakers Suspends Services Nationwide In response to the prevailing economic challenges in Nigeria, the Association of Master Bakers is set to halt its operations nationwide, effective February 27th. This strategic move serves as a stance against the adverse business environment, accentuated by burdensome taxation and escalating expenses associated with baking essentials. Chief…
Proposal for New States Introduction Oluwole Oke, the esteemed representative of Obokun/Oriade Federal Constituency in Osun State, has put forth a groundbreaking proposal within the Nigerian House of Representatives. The proposal, slated for imminent introduction, aims to pave the way for the establishment of three new states within the South-West region of Nigeria. This visionary…
Nigeria Labour Congress’s Proposal for N1m Minimum Wage In a recent interview on Arise television, Joe Ajaero, the President of the Nigeria Labour Congress (NLC), ignited a firestorm of controversy with his proposal for a staggering minimum wage of N1 million. This bold suggestion has sent shockwaves through various sectors of Nigerian society, sparking heated…
