Nigeria’s Internally Generated Revenue Climbs to N2.43tn in 2023

Korede Abdullah in Lagos Nigeria’s 36 states and the Federal Capital Territory (FCT) have recorded a significant increase in internally generated revenue (IGR), reaching N2.43 trillion in 2023. This represents a 26.5% growth from the N1.92 trillion recorded in 2022, indicating improved internal revenue mobilization efforts. The National Bureau of Statistics (NBS) attributed the IGR…

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Nigeria’s Internet Consumption Sees First Decline Since February 2024

Korede Abdullah in Lagos Nigeria’s internet consumption took a slight hit in September 2024, dropping 0.82% to 850,249.09 terabytes from the 853,954.05 terabytes recorded in August. This decline coincided with a decrease in the country’s subscriber base, largely attributed to the verification of National Identification Numbers linked with SIM cards. The verification exercise, which concluded…

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Stakeholders Demand Framework to Resolve Farmer-Herder Conflicts

Stakeholders have called for the establishment of a comprehensive framework to address conflicts between farmers and herders as Nigeria’s Federal Ministry of Livestock Development officially begins operations. This call comes following a recent workshop on livestock reforms, where a communique was issued by Prof. Attahiru Jega, Co-Chair of the Presidential Livestock Reforms Implementation Committee. “The…

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Many Power Collapses Leave Nation on Its Knees

In this report, Gom Mirian explores the implications of the ongoing energy crisis, the disconnect between promises and reality, and the potential consequences for the upcoming elections.   Reliable Electricity In a nation where reliable electricity is essential for development and poverty alleviation, the incessant collapse of Nigeria’s national grid has become a pressing concern…

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FG Empowers Kano Farmers with Agricultural Inputs

Hussaini Kafi in Kano Over 1,000 farmers in Kano State, predominantly involved in rice and tomato value chains, have received vital agricultural inputs from the Federal Government. This initiative, part of the Special Agro-Industrial Processing Zones (SAPZ) Programme, is aimed at boosting food security and economic diversification in Nigeria. Dr. Kabir Yusuf, the National Programme…

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Minister Advocates Community-Level Insurance for Farmers’ Resilience

The federal ministry of Agriculture and Food Security has called for the establishment of agricultural insurance and weather advisory desks at the community level to bolster climate resilience among smallholder farmers. Minister of Agriculture and Food Security, Sen. Abubakar Kyari made the call on Monday in Abuja. Kyari stressed the critical role of timely weather…

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Nigeria’s Economic Boost: IFC and CBN Seal Local Currency Financing Deal

Korede Abdullah in Lagos Nigeria’s private sector is poised for growth, thanks to a landmark agreement between the International Finance Corporation (IFC) and the Central Bank of Nigeria (CBN). The partnership, signed by IFC Managing Director Makhtar Diop and CBN Governor Yemi Cardoso, aims to boost local currency financing, enabling businesses to thrive in key…

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Blackouts: Hardship Bites Harder in North as Residents Grapple Without Electricity

Residents, business owners, hospital administrators, and others in Northern Nigeria have expressed concern as the region marks its eighth consecutive days without electricity, leading to significant disruptions in essential services and economic activities. The outage, which began last Monday, was triggered by the tripping off of the 330kV circuit transmission line between Benue and Enugu,…

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