Category: Development
Ojumele-Ajegunle Road Damage: Human Error, Not Project Deficiency, Says Ogun Governor’s Aide
The recent damage to the newly constructed road at Ojumele-Ajegunle in Makun-Sagamu, Sagamu Local Government Area of Ogun State, has been attributed to human error rather than project deficiency, according to Hon. Kayode Akinmade, Special Adviser on Media to Governor Dapo Abiodun. In a press statement released in Abeokuta, the Ogun State capital, Akinmade clarified…
Banks Retain N530 Billion CBN Funds Amidst Temporary Halt in Support Schemes
Amidst a temporary suspension of all Central Bank of Nigeria (CBN) support funds by the current governor, Olayemi Cardoso, banks in the country continue to retain over N530 billion in unutilized intervention funds. According to recent financial statements reviewed, nine banks still hold substantial amounts of intervention funds designated for distribution to various recipients. Leading…
Diesel Prices Expected to Drop to N700/litre Following Dangote’s Move
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is eyeing a potential reduction in diesel prices to N700 per litre in the wake of Dangote refinery’s recent price adjustment. Hammed Fashola, the National Vice President of IPMAN, expressed optimism regarding the anticipated decrease in diesel prices, attributing it to the impact of Dangote refinery’s actions….
Northwest Governors Forge Partnerships at Nigerian Embassy in Washington, United States
A delegation of Northwest Governors, led by Katsina State Governor Malam Dikko Umaru Radda, recently convened at the Nigerian Embassy in Washington, United States, alongside governors from Niger, Plateau, and Benue States in the North Central region. The meeting, hosted by Acting Ambassador of Nigeria to the United States, Mrs. Uzoma Emenike, aimed to foster…
Ogun State to Extend Lagos Blue Rail Line to Border Towns
The Ogun State government has announced plans to extend the Lagos Blue Rail Line project into the border towns of the state, aiming to enhance transportation infrastructure and foster economic development in the region. Speaking at a media event to highlight the state’s 2024 budget, the State Commissioner of Finance and Economic Adviser to the…
Nigeria Poised to Become Global Economic Powerhouse Under President Tinubu – VP Shettima
In a resounding endorsement of Nigeria’s economic potential, Vice President Kashim Shettima has expressed confidence that Nigeria will emerge as a major global economic force under the leadership of President Bola Ahmed Tinubu. Speaking from his office at the Presidential Villa, Vice President Shettima conveyed his optimism during a meeting with a delegation from the…
PRESIDENT TINUBU REAFFIRMS COMMITMENT TO ECONOMIC SECURITY IN MEETING WITH AFENIFERE LEADERS
President Bola Tinubu reiterated his administration’s steadfast commitment to achieving comprehensive economic security for Nigeria while addressing foundational challenges and fostering fairness and equity for all citizens during a meeting with leaders of Afenifere, the esteemed Yoruba Socio-Cultural Organization. In the discussions held at the State House in Abuja on Wednesday, President Tinubu underscored the…
Port Harcourt Refinery Poised to Resume Operations Following Arrival of Crude Oil
The Port Harcourt refinery has reached a significant milestone in its journey towards resuming operations, as it has successfully received crude oil and stocked it within the facility. According to officials, all crude oil lines are currently active, marking a crucial step forward in the refinery’s readiness to commence production. In a statement released by…
Nigeria Startup Portal Launched to Empower Tech Entrepreneurs
In a significant boost to Nigeria’s burgeoning startup ecosystem, the Honourable Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has officially launched the Nigeria Startup Portal. This pioneering initiative, part of the Nigeria Startup Act (NSA 2022), aims to provide crucial support and resources to startups and tech talent across the country. The…
Dangote Predicts Decreasing Fuel Prices from Refinery to Aid in Inflation Reduction
In a recent statement, Alhaji Aliko Dangote, Chairman of the Dangote Group, highlighted the potential impact of decreasing fuel prices sourced from the Dangote Petroleum Refinery on Nigeria’s inflation rate. He emphasized that once the refinery becomes fully operational and begins offering diesel at significantly reduced prices, it will play a crucial role in alleviating…