Vice-President Kashim Shettima has called on Nigerians to express their grievances over the current economic difficulties in a responsible and mature manner. Speaking at the 29th pre-Ramadan lecture organized by the University of Lagos Muslim Alumni, Shettima acknowledged that the government’s economic policies have led to challenges, particularly affecting the poor. Represented by his Special…
The African Development Bank (AfDB) has announced its support for Nigeria’s agriculture sector, specifically targeting the cultivation of rice, maize, cassava, and soybeans to boost food production. AfDB President Akinwunmi Adesina made this known after visiting the Centre for Dryland Agriculture (CDA) at Bayero University, Kano. Adesina revealed that the bank would provide $134 million…
President Bola Tinubu has signed seven bilateral, multi-sectoral agreements with the government of Qatar, aimed at enhancing investment opportunities between the two nations. The agreements, covering education, employment regulation, establishment of a joint business council, and cooperation in youths and sports, were signed during a ceremony at the Qatar Presidential Palace. Ajuri Ngelale, the special…
Residents of Abuja, Nigeria’s capital, took advantage of a government warehouse on Sunday morning, looting food items in the midst of the country’s economic turmoil. The incident, which began around 7 a.m. and lasted until about 9 a.m., occurred against the backdrop of a sharp increase in the cost of goods and services, with prices…
Amidst widespread outcry over the soaring cost of living and hunger in Nigeria, former President Muhammadu Buhari has expressed satisfaction with the performance of President Bola Tinubu’s administration. Buhari commended the government’s efforts to stabilize the situation and its apparent concern for the welfare of Nigerians. The former president’s statement was relayed by Stanley Nkwocha,…
A group of Muslims in Zaria, Kaduna State, came together for a special prayer at the Mallawa Eid praying ground to seek divine intervention for the hardship currently faced by Nigerians. The prayer session, led by Chief Imam Mallam Muhammadu Sani Labudda, aimed to address the escalating prices of essential commodities, especially as the holy…
The federal government is set to capitalize on the thriving global outsourcing market, which has generated nearly $350 billion for seven leading countries, to unlock vast employment opportunities for the nation’s youth. Vice President Kashim Shettima will launch the Outsource To Nigeria Initiative (OTNI) in Gombe State on Monday. The program, spearheaded by the Office…
President Bola Ahmed Tinubu has instructed cement companies to return to their previous pricing for the commodity. This directive was disclosed by the Minister of Works, Senator David Umahi, after inspecting the BUA cement factory in Sokoto. During a meeting with cement manufacturers, President Tinubu directed them to revert to the earlier price of cement….
The Nigerian government has revealed plans to inject approximately $22.82 billion into 1,068 oil and gas projects approved between 2022 and 2023. These projects, spread across the country, signify a significant milestone for the sector, promising substantial economic gains and enhanced production capabilities. The announcement was made during a panel session at the 7th Nigeria…
During the 7th Nigeria International Energy Summit (NIES 2024) in Abuja, President of the African Export-Import Bank (Afreximbank), Benedict Oramah, revealed that Nigeria has been a major beneficiary, accounting for nearly 60 per cent of the bank’s $30 billion funding in the energy sector in Africa. Mr Oramah highlighted Afreximbank’s significant contributions to Nigeria’s oil…