Expansion of Small Business Grants and Loans to Boost Nigerian Entrepreneurs 

Adetutu A, The Insights 17 October 2024

In a bid to strengthen the Nigerian economy, the government and private sector are expanding programs that provide small business grants and loans to entrepreneurs. These initiatives aim to empower small and medium-sized enterprises (SMEs), create jobs, and stimulate local economic growth. 

Nigerian Government Adopts 88 Safety Standards for CNG Vehicles 

Adetutu A, The Insights 14 October 2024

In a bid to enhance safety and sustainability, the Federal Government has adopted 88 international standards for Compressed Natural Gas (CNG) products to support the nationwide rollout of CNG initiatives. This move is aimed at ensuring a smooth transition to CNG systems in vehicles while guaranteeing the use of high-quality products in Nigeria. The Director-General […]

Over 3,500 Exhibitors Expected at Lagos International Trade Fair 2024 

Adetutu A, The Insights 11 October 2024

The 38th edition of the Lagos International Trade Fair (LITF) is set to be a landmark event, with over 3,500 exhibitors from around the world expected to participate. Organized by the Lagos Chamber of Commerce and Industry (LCCI), the fair will take place from November 1 to November 10, 2024, at Tafawa Balewa Square, Lagos.  […]

FG Launches CNG E-Portal to Empower Youths in Transport Sector 

Adetutu A, The Insights 8 October 2024

The Federal Government has launched a new initiative to empower Nigerian youths in the commercial transport sector with Compressed Natural Gas (CNG)-powered tricycles. This move is part of the Presidential Compressed Natural Gas Initiative (PiCNG), aimed at reducing transportation costs, creating jobs, and promoting clean energy.  CNG E-Portal for Youths  The

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.  Focus on Inclusive Growth  One of the key goals of this new financing […]

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