World Bank Supports Nigeria’s Growth with New Financing 

Adetutu A, The Insights 7 October 2024

The World Bank has stepped up its support for Nigeria with a new financing initiative aimed at driving inclusive growth and diversifying the country’s revenue sources. This move is crucial for improving the economic situation, creating jobs, and reducing poverty across Nigeria. 

FG Removes VAT on Diesel and Cooking Gas to Boost Energy Sector 

Adetutu A, The Insights 3 October 2024

Finance Minister, Olawale Edun The Federal Government has announced new tax relief measures to encourage investment in Nigeria’s oil and gas sector. As part of this initiative, the government has stopped charging Value Added Tax (VAT) on key energy products such as diesel, cooking gas (LPG), Compressed Natural Gas (CNG), and electric vehicles.  Tax Exemptions […]

Entrepreneurs Encouraged to Embrace Business Growth Models 

Adetutu A, The Insights 1 October 2024

Dr. Oluremi Olukoya, a business leader, has highlighted the importance of adopting the Business Growth Modulation (BGM) Model for micro, small, and medium-sized enterprises (MSMEs) to grow and succeed.  Business Growth Modulation Model for MSMEs  Speaking at the Success Circle Africa conference in Lagos, themed ‘Innovation and Collaboration as Catalysts for Growth in

FG Begins Electricity Subsidy for Public Hospitals 

Adetutu A, The Insights 30 September 2024

Doctors At Work The Federal Government of Nigeria has started providing electricity subsidies for public hospitals across the country. This move is part of efforts to reduce the cost of operations for hospitals and lessen the financial burden on patients.  50% Subsidy for Public Hospitals  In August, the government approved a 50% subsidy on electricity […]

Innoson Begins Delivery of CNG Buses to Nigerian Government

Adetutu A, The Insights 28 September 2024

Innoson Vehicle Manufacturing has delivered 25% of the 100 CNG-powered buses ordered by the Nigerian government to promote affordable, locally produced transportation. This initiative, led by President Tinubu, aims to reduce the impact of fuel subsidy removal while boosting local manufacturing and promoting eco-friendly transportation solutions. Innoson Delivers First

Lagos State Empowers 500 Graduates Through Skill Acquisition Training

Adetutu A, The Insights 26 September 2024

Governor Babajide Sanwolu and the Graduates – ARDnig Lagos State graduates over 500 participants from its skill acquisition program, focusing on providing skills for self-reliance and community growth. The initiative aims to combat poverty by equipping individuals with practical abilities and entrepreneurial skills. Introduction to Skill Development The Lagos State

BUA Foods Expands to Boost Nigeria’s Food Security 

Adetutu A, The Insights 25 September 2024

Chairman BUA Group, Abdul-Samad Rabiu BUA Foods Plc has announced plans to expand its pasta production facility by partnering with FAVA, an Italian company known for making pasta equipment. This move aims to enhance food security in Nigeria.  Increasing Production Capacity Chairman of BUA Foods, Abdul Samad Rabiu, shared that the expansion is part of their […]

APM Terminals Expands Barge Capacity for Non-Oil Exports 

Adetutu A, The Insights 23 September 2024

APM Terminals APM Terminals Apapa has increased its capacity to handle more non-oil exports by expanding its barge lanes. This development was announced during the company’s second Exporters Forum held in Lagos. The expansion aims to support exporters and improve the terminal’s export processes.  Feedback Leads to Improvements  Caroline Aubert-Adewuyi, Chief

Afe Babalola to FG: Allow Dangote Sell Petrol at Lower Rates 

Adetutu A, The Insights 23 September 2024

Dangote Refinery Afe Babalola, founder of Afe Babalola University (ABUAD) in Ado-Ekiti, has called on the Federal Government and the Nigerian National Petroleum Company Limited (NNPCL) to allow Dangote Refinery to sell fuel directly to Nigerians at a lower rate. Babalola criticized NNPCL’s monopoly, saying it prevents Nigerians from benefiting from potentially lower fuel

Coca-Cola’s $1 Billion Investment in Nigeria, Driving Job Creation, Business Growth, and National Development

Adetutu A, The Insights 20 September 2024

Coca-Cola’s impact on Nigeria is not just about economic growth – ARDnig Coca-Cola’s $1 billion investment in Nigeria over the next five years aims to boost economic growth by creating jobs and supporting businesses. The company’s involvement extends beyond profit, focusing on community development, sustainability, and collaboration with the Nigerian government