The House of Representatives Committee on Petroleum Resources (Downstream) has called for the dismissal and arrest of the World Bank official responsible for the April 7, 2026 Nigeria Development Update, which recommended the reinstatement of petroleum import licences. The Committee Chairman, Hon. (Barr.) Ikenga Ugochinyere Ikeagwuonu,described the recommendation as a reckless move capable of undermining…
The Federal Government had in a document dated April 1, 2026, by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, approved sweeping tariff adjustments across 127 product lines, including antimalarial medicaments now pegged at 20 per cent, as part of efforts to stimulate growth and ease the cost of critical…
Image: Minister of Industry, Trade and Investment, Jumoke Oduwole Commercial activities at the Lagos International Trade Fair Complex were disrupted today as traders shut down the facility while protesting a proposed takeover of the market’s management by state and local government authorities. This was amidst the visit of the Minister of Industry, Trade and Investment,…
The Executive Director of Public Sector and Intervention Programmes at BOI, Hadiza Shuaib, disclosed that the bank will serve as the fund manager for SPAF while NSDC will provide sector leadership and technical guidance.
The statistics body said that of the ten Sectoral groups under the Manufacturers Association of Nigeria (MAN), the Food , Beverages and Tobacco (FOBTOB) accounted for the highest share of the GDP.
It is a 10-year period within which we will have advanced manufacturing to a stage where we go beyond the nine percent, 10 per cent contribution to GDP to as high as 20 to 25 per cent.”
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.
ISO 37003 offers a practical and scalable framework that organisations can implement to strengthen internal controls and build resilience against financial crimes.
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.
