Lagos State government has launched the Produce for Lagos Programme alongside a groundbreaking ₦500 billion Offtake Guarantee Fund, a move designed to tackle the menace of food insecurity in the state. The initiative, unveiled at the Lagos House in Ikeja, is designed to secure the state’s food supply, generate employment, and catalyse a new era…
The Minister of Information and National Orientation, Mohammed Idris, has said the Nigerian economy is steadily improving meaning that the economic reforms of President Bola Tinubu are working. Idris spoke in Abuja while receiving members and newly elected executives of the Nigerian Guild of Editors during a courtesy visit to his office. He said the…
Debt Management Office (DMO) promissory notes issuance on behalf of Federal Government fell by 15.6 per cent in the first quarter (Q1) of this year. According to the DMO, the notes fell from N1.542 trillion to N1.301 trillion, reflecting the recent Federal Government’s efforts to settle verified obligations and improve confidence among key stakeholders in…
The Manufacturers Association of Nigeria (MAN) yesterday said the manufacturing sector is positively responding to the economic therapy of President Bola Tinubu. Its Chairman, for Oyo, Osun, Ondo, and Ekiti, Dr Sam Olawoye, said the sector is gradually recovering from recent economic shocks. He spoke during an interview in Ibadan while assessing the impacts of…
In the first quarter (Q1) 2025, Nigeria recorded N5.172 trillion trade surplus, according to the National Bureau of Statistics (NBS). NBS in its “Foreign Trade in Goods Statistics Q12025,” revealed that the country’s import dipped to N15.426 trillion as export rose to N20.59trillion, totally N36.02trillion trade in the period under review. The report said total…
The Nigeria Customs Service (NSC), Federal Operation Unit (FOU), Zone ‘A’, Ikeja has swooped down on smugglers, seized bullet proof vests, goods worth over N1.2 billion and arrested seven suspects in connection with the 46 seizures that were made by the officers of the unit in the last two weeks. Addressing reporters in Lagos yesterday,…
Prominent Nigerian businessman Femi Otedola and other major investors have expressed renewed confidence in the Federal Government’s economic reform agenda and pledged to deepen their investments in sectors vital to the country’s inclusive growth and competitiveness. Otedola made this known during a courtesy visit to the Minister of Finance and Coordinating Minister of the Economy,…
The Federal Executive Council (FEC) on Monday approved Nigeria’s full membership of the Asian Infrastructure Investment Bank (AIIB) as a non-regional member, marking a significant milestone in the country’s international economic engagement. The Council also approved the transmission of a bill to the National Assembly to establish the National Cocoa Management Board, in a bid…
The Federal Government has directed the Economic Management Team (EMT) to chart a fresh path for Nigeria’s economic future, targeting a medium-term growth rate of seven per cent. This next phase of the economic roadmap is expected to focus on unlocking rapid and sustained inclusive growth, anchored on a mix of fiscal discipline, investment incentives,…
