A New Perspective
Hon. Unyime Idem, representing Ukanafun/Oruk Anam Federal Constituency and Chair of the House Committee on Public Procurement, has sponsored the…
British International Investment (BII), the UK’s development finance institution, has partnered with Odyssey Energy Solutions to launch a $7.5 million…
Meta, the parent company of WhatsApp, has removed 6.8 million WhatsApp accounts in the first half of the year that…
Approximate GDP sizes in 2030 for a few would look similar to this: Egypt, USD 600-800 billion. Nigeria, USD 550-750 billion, South Africa, USD 550-700 billion, Algeria, USD 350-500B, depending on oil prices. Morocco & Kenya, USD 250-400 billion.
The initiative is justified as a strategic investment in human capital. It not only empowers individuals but also contributes to Nigeria’s long-term goals of digital transformation, climate resilience, and youth employment.
Every $1 invested in distributed renewable energy can yield up to $15 in GDP growth, while rural electrification in Nigeria has been shown to increase small business revenues by 20–30% within the first year of connection.
While China’s willingness to accept naira marks a potential shift toward de-dollarising trade and improving transaction efficiency, the impact remains largely limited by structural issues.
The month comes with one of the best Naira outlooks of the year, having started at a decent rate and maintaining the trend within the first week.
The plan to work with non-unionized truck drivers also reflects the refinery’s strategy following recent events with an unlicensed Dangote truck driver.
PENGASSAN supported NUPENG’s strike threat, escalating labor tensions in the oil sector.
The tax’s impact on reducing fossil fuel consumption and adopting alternatives like CNG may be limited without broader systemic and infrastructural support.
Both Nigeria and China reaffirmed their commitment to expanding bilateral cooperation to unlock Nigeria’s marine and blue economy potential for sustainable growth and economic prosperity.
There is a broad opposition against the 5% incoming tax that highlights significant concerns regarding the tax’s timing, potential impact on citizens and businesses.
Nigeria’s Federal Government is actively pursuing privatization of key assets, including Ajaokuta Steel, refineries, and airports, with the objective of improving efficiency, attracting investment, and stimulate economic growth through transparent and technically sound transactions.
