Home » Economy » Page 2

Nigeria needs $100b yearly to close infrastructure gap

Nigeria will require about $100 billion in yearly investments over the next 17 years to bridge existing infrastructure gap in the country estimated to be about $2.3 trillion, the Infrastructure Concession Regulatory Commission (ICRC) has said. Its Director-General and Chief Executive Officer, Dr. Jobson Oseodion Ewalefoh, who spoke in Abuja during a one-day stakeholders’ engagement…

More

Geely Galaxy, TIM Motors partner on electric vehicles delivery

Premium new-energy vehicle brand under Geely Auto Group, Geely Galaxy, has strategically partnership with TIM Motors to deliver electric vehicles in Nigeria. To this end, Geely, which also owns globally recognised brands including Volvo Cars, Polestar, and Lotus, will make an official entry into Nigeria with the launch of three models which  are EX5 EM-i,…

More

Manufacturers Assess Impact of Recent Economic Reforms on Industrial Performance

By Segun Ajayi-Kadir The Manufacturers Association of Nigeria (MAN) views the past three years as a period of difficult but consequential economic transition. The administration embarked on substantive macroeconomic reforms intended to correct long-standing structural distortions within the economy and reposition the country for sustainable growth. While we acknowledge the necessity of these reforms and…

More