Nigeria’s 2023 budget may not address food inflation. Gettyimages/istock Stephen Onyeiwu, Allegheny College Nigeria’s 2023 budget, recently presented by President Muhammadu Buhari to the National Assembly, has generated a furore. There are concerns about the impact on the country’s rising deficits and debt, as well as its failure to address some of the structural deficiencies behind declining revenues and rising ...

There were huge scenes of jubilation among affected host communities following the Federal Government’s order for the immediate reopening of the Dangote Cement Plc plant at Obajana in Kogi State. Members of the host communities from Iwaa, Oyo, Obajana, and Apata who spoke to newsmen said they could now heave a sigh of relief as the consequences of shutting down ...

•Lagos floats Sovereign Wealth Funds to accelerate infrastructure delivery  Lagos State Economic Summit (Ehingbeti 2022) has been concluded, but the State is already counting the gains of the two- day event. Governor Babajide Sanwo-Olu, at the event, received the approval to build the Badagry Deep Seaport, which was approved by the Federal Executive Council (FEC) last August. The approval authorises ...

…says move will discourage new investments, potential investors The Manufacturers Association of Nigeria (MAN) has strongly condemned the invasion of Dangote Cement Plant on Wednesday by the state’s security outfit, the Vigilantes, on the order of the State Governor Yahaya Bello, noting that such action will discourage new investments in the State. The president, MAN, Engr. Mansur Ahmed, at a ...

Emirates passengers can now watch a host of acclaimed documentaries and movies featuring the late Queen Elizabeth II, Elvis Presley, and The Beatles, on the award-winning ice inflight entertainment system this October. This package which has been designed in honour of the iconic figures who have shaped both culture and history throughout the 20th century, come as it celebrates its ...

The Dangote Group has been described as a significant premium player as over 300 corporate exhibitors are participating in the 17th Abuja International Trade Fair (AITF) which was declared open on Friday. Speaking to newsmen, the Director-General of the Abuja Chamber of Commerce and Industry (ACCI), Ms. Victoria Akai said: “As a member of ACCI, the Dangote Group further strengthens ...

Nigeria’s economy needs to diversify away from oil. Pius Utomi Ekpei/AFP via Getty Images David Fadiran, University of Cape Town Nigeria has always managed to attract foreign direct investment despite its poor economic outlook. This is thanks to its oil reserves and the consumption potential of its large population. But these inflows of foreign investment have been in decline and ...

Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria protest over crude oil theft. Olukayode Jaiyeola/NurPhoto via Getty Images Omowumi Iledare, University of Cape Coast Nigeria’s oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per day (bpd) in August 2022. And data from the Organisation of the ...

More private sector participation in Nigeria’ transition to green energy is crucial as it would help the country achieve its objectives in the implementation of its Energy Transition Plan, according to Vice President Yemi Osinbajo, SAN. Prof. Osinbajo stated this on Thursday night in Lagos while delivering the keynote address at the 60th Anniversary Dinner of the Oil Producers Trade ...

The Dangote Sugar Refinery Plc (DSR) has scaled up its social intervention programmes around host communities in Adamawa and Nasarawa States where its Backward Integration projects are located. The Group is investing hugely in raw sugar production as part of the Federal Government Sugar Master Plan. This is coming on the back of $500m that has so far been injected ...