The Chairman of the Committee, Hon. James Faleke, who made this week , said that the review was necessary as a result of the country’s annual loss of about N8 trillion to waivers and concessions.
Here are the key highlights of the new Industrial Policy 2025, according to Vice President Shettima.
A breakdown of the financing showed that N202 billion was allocated to agro-allied enterprises, while N100 billion went to critical national infrastructure, including broadband, power, aviation and transportation.
Manufacturing received N79 billion, extractive industries N77 billion and services N55 billion.
With domestic refining now in full swing after decades of reliance on fuel imports, pressure on the foreign exchange market is expected to ease considerably.
Drawing from BUA Group’s experience, Rabiu recounted the company’s transition from cement importation to local production in Nigeria over sixteen years ago.
ISO 37003 offers a practical and scalable framework that organisations can implement to strengthen internal controls and build resilience against financial crimes.
In the joint directive dated Tuesday , 11 February 2026, and signed by Terrence Kuanum, Special Adviser on Public Affairs to the SGF, both offices urged the public and industry stakeholders to disregard any enforcement measures not cleared by the OSGF.
The Minister who appealed to the National Assembly for a targeted increase in capital funding stressed that without adequate resources, the ministry’s ability to support President Bola Tinubu’s Renewed Hope Agenda and the push for a trillion-dollar economy would be severely constrained.
In the judgement delivered on Thursday February 5, 2026, at the High Court of the Federal Capital Territory in Abuja , Justice Frances Messiri, sentenced Orya to ten years on each 49 count charges (490 years), with the terms to run concurrently.
Speaking on the expansion, Lolu Alade-Akinyemi, Group Managing Director and Chief Executive Officer of Lafarge Africa Plc, explained that the projects extend beyond capacity growth to deliver operational and sustainability benefits, while also supporting value creation for customers and shareholders, and contributing to economic activity.
