The African Development Bank (AfDB) has announced a $500 million loan to Nigeria as part of a broader $1 billion programme aimed at supporting economic and power sector reforms. The funding is designed to strengthen the government’s budget, promote infrastructure development, and boost energy
President Bola Tinubu President Bola Tinubu has called on the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, and other stakeholders to establish an endowment fund for the newly renovated National Theatre, now renamed the Wole Soyinka Centre for Culture and Creative Arts. The President made this appeal in Lagos during the official reopening of […]
Vice President Kashim Shettima. The Federal Government has introduced a set of agricultural reforms and incentives aimed at creating 21 million jobs and reducing Nigeria’s dependence on food imports. The announcement was made on Tuesday during the Food and Agriculture Organisation’s (FAO) National and Subregional Hand-in-Hand Investment Forum in Abuja. Vice President
NADDC’s Director-General, Joseph Osanipin. The National Automotive Design and Development Council (NADDC) has trained over 15,000 technicians through its Mechatronics Programme for Tricycle and Motorcycle Repair and Maintenance. The initiative is aimed at closing Nigeria’s automotive skills gap, creating jobs, and preparing technicians for the future of mobility. At
APM Terminals Apapa, Nigeria’s largest container terminal, has launched the Female Mechanic Technical Skills Programme, training 20 young women from its host communities in Lagos. The initiative, part of the company’s Corporate Social Responsibility (CSR), aims to equip women with technical skills that can open doors to employment and entrepreneurship in the male-dominated
The Lagos Chamber of Commerce and Industry (LCCI) The Lagos Chamber of Commerce and Industry (LCCI) has urged global investors to explore Nigeria’s vast opportunities in technology, agribusiness, renewable energy, and infrastructure. Speaking at the Invest Nigeria 2025 International Business Conference and Expo, LCCI President, Gabriel Idahosa, highlighted Nigeria’s
The United States government has once again pledged its support to help Nigeria achieve broad-based economic development and improve the lives of its citizens. This commitment was made during a high-level meeting held in Abuja between the US Consul General, Mr. Richard Swart, and Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. […]
Speaker Abbas Tajudeen. To tackle Nigeria’s growing youth unemployment crisis, the House of Representatives is pushing for the establishment of more vocational and technical institutions across the country. Speaker Abbas Tajudeen, represented by Auwal Gwadabe at a public hearing, emphasized the urgent need for Nigeria to shift from theory-heavy education to a system that
A new partnership between the Public Investment Corporation (PIC) and British International Investment (BII) is set to unlock fresh opportunities for sustainable development and job creation in Nigeria and across Africa. The two firms recently signed a Memorandum of Understanding (MoU) to collaborate on impactful investments that target key economic sectors. This
The Bank of Industry (BOI). The Bank of Industry (BOI) has introduced a Sustainable Finance Framework aimed at supporting Nigerian businesses that promote environmental and social impact. This move is part of BOI’s broader strategy to drive long-term development, social inclusion, and climate-friendly growth across the country. What the Framework Offers This