Otti Calls For Quick Rehabilitation Of South-East Railway Corridor
Governor Alex Otti of Abia State has asked the Nigeria Railway Corporation (NRC) to quickly fix the Aba-Umuahia-Enugu railway. He said this will help improve transportation and grow the economy in the South-East region of Nigeria. Otti spoke during a meeting with a team from the NRC led by its new managing director, Kayode Opeifa. […]
Regionalize Nigeria, creating more states business centre for politicians – Idam to NASS
Activist lawyer Madubuachi Idam has advised the National Assembly to stop focusing on creating more states and instead consider regionalizing Nigeria. He believes regionalization will bring economic competition, encourage development, and reduce insecurity. In a statement, Idam compared state creation to a “business center” for politicians. He warned that adding more states would only increase […]
Nigeria’s World Bank Debt May Hit $9.2 Billion As FG Eyes Six Loans
Nigeria is set to receive six new loans from the World Bank in 2025, amounting to $2.23 billion. With this, the country’s total World Bank loans over the past three years will reach $9.2 billion. These funds will be used to support education, healthcare, digital infrastructure, and economic stability. While the loans aim to improve […]
Nigerians will smile, experience robust economy in 2025 – Shettima
Vice President Kashim Shettima has expressed confidence that Nigeria’s economy will become much stronger in 2025. He reassured Nigerians that better days are ahead, with economic improvements already underway. Speaking in a video shared by Dada Olusegun, President Bola Tinubu’s Special Assistant on Social Media, Shettima said the government is working closely with the National […]
Oyebanji Signs ₦375.7bn 2025 Budget, Promises Massive Infrastructure, Agric Driv
Governor Biodun Oyebanji of Ekiti State has signed the 2025 budget into law, totaling ₦375.7 billion. Known as the “Budget of Sustainable Impact,” this financial plan focuses on improving infrastructure, boosting agriculture, and creating opportunities for economic growth. The budget, passed by the State House of Assembly, was signed during a ceremony at the Governor’s […]
Tinubu Welcomes Third-Quarter GDP Growth, Says $1 Trillion Economy Possible
Nigeria’s economy is on the rise, with President Bola Tinubu reaffirming his goal of making the country a $1 trillion economy by 2030. Recent data from the National Bureau of Statistics (NBS) shows that the Gross Domestic Product (GDP) grew by 3.46% in the third quarter of 2024, an improvement from the 3.19% recorded in […]
Ekiti State Grants Licenses to Investors for Local Electricity Generation and Distribution
Ekiti State is taking a big step towards achieving energy independence with a new initiative that promises better power supply and management. Recently, the state government granted licenses to 14 investors in the electricity sector to help generate and distribute electricity across Ekiti. Here’s what this means: The licenses have been given to: This setup […]
It’s Time to Revive Nigeria’s Livestock Sector, Says President Tinubu
Nigeria stands at a crossroads in its agricultural development, particularly in the livestock sector. With an impressive inventory of 563 million chickens, 58 million cattle, 124 million goats, 60 million sheep, and 16 million pigs, Nigeria is not just a player but the leader in livestock production in West Africa. However, despite these vast resources, […]
Nigeria is Basically Bankrupt, and the Federal Government is Outdated – Obaseki
Edo State Governor, Godwin Obaseki, recently stated that Nigeria is “basically bankrupt” and urged the Federal Government to implement much-needed structural reforms to ensure the country’s economic growth. During an interview on Politics Today, a Channels Television program, on Thursday evening, Obaseki criticized the way Nigeria’s finances are managed. He pointed out that the government is […]
Federal Government Lands $1 Billion for Kogi Iron Ore to Steel Initiative
The Nigerian government has taken a major step toward economic development by securing $1 billion for the Kogi Iron Ore to Steel project. This significant investment was announced during the Forum on China-Africa Cooperation (FOCAC) held in China, signaling a promising future for Nigeria’s solid minerals sector. The Minister of Solid Minerals, Dele Alake, revealed […]