The World Bank Board is set to approve a $500 million loan to Nigeria today, 13 December, 2024 aimed at enhancing rural access and agricultural marketing across the country. The loan will fund the Rural Access and Agricultural Marketing Project—Scale Up (RAAMP-SU), designed to improve rural infrastructure and promote social cohesion. The loan aims to…
The festive season in Nigeria, traditionally marked by family gatherings and elaborate celebrations, is being overshadowed by economic hardship, forcing many citizens to alter their Christmas plans. Low key Christmas indicated by rising transportation costs, skyrocketing food prices. Coupled with stagnant incomes, the holiday spirit is dampening, as revealed in interviews conducted by Juliet Jacob,…
Operatives of the Economic and Financial Crimes Commission, EFCC, have commenced investigations of a suspected oil thief, two trucks and a barge handed over to the Commission by the Nigerian Navy, NNS Delta on Tuesday, December 10, 2024. A statement by EFCC Head, Media & Publicity, Dele Oyewale on Wednesday indicated that the Commission would…
By Korede Abdullah in Lagos The Federal Government has unveiled plans to convert its abandoned secretariat in Ikoyi, Lagos, into luxury apartments. This initiative is part of President Bola Ahmed Tinubu’s administration’s efforts to revamp disused government buildings across the state into modern complexes for the benefit of Nigerians. The Ikoyi federal secretariat has remained…
The Honourable Minister of Marine and Blue Economy, H.E. Adegboyega Oyetola, has opened the final technical validation workshop for Nigeria’s National Policy on Marine and Blue Economy. The event, held at the Ladi Kwali Hall of the Abuja Continental Hotel on December 11–12, 2024, is part of ongoing efforts to solidify Nigeria’s framework for sustainable…
The Federal Government has made a significant move to tackle post-harvest losses in Nigeria by forming a strategic alliance with the National Agricultural Development Fund (NADF). In a statement released to Africa Health Report (AHR) on Tuesday, the Ministry of Finance disclosed that Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the…
Assistant Comptroller General of Customs Charles Osikhena Orbih has taken over as the new Zonal Coordinator of Nigeria Customs Service Zone ‘A’ Headquarters in Ikeja, Lagos. This was disclosed in a press statement released on Wednesday and signed by Akanineyen Edeminam, Superintendent of Customs, Zonal Public Relations Officer. In his inaugural address, ACG Orbih emphasized…
The Nigerian National Grid has experienced yet another collapse, just a month after the last major failure. This was confirmed on the grid operator’s official page on X (formerly Twitter), where a brief statement read: “Major Grid Set Back has occurred, Restoration to commence.” The repeated failures of the National Grid have drawn widespread criticism…
The Federal Government of Nigeria’s decision to implement a zero Value Added Tax (VAT) on pharmaceutical products and medical devices was widely celebrated as a game-changer, aimed at reducing drug prices and easing financial pressures on Nigerians. The government set aside 150 days for the realization of the policy by offering zero import duty on…
By Korede Abdullah in Lagos Oyo State Governor, Seyi Makinde, has invited investors in the energy sector to partner with the state, citing a huge energy market. He made this call while commissioning the first phase of the 11 Megawatts Ibadan Hybrid Power Plant, the state’s first Independent Power Project. The power plant, a private…
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