14 h. ago AfDB approves $650m annual commitment to boost economic growth

The Board of Directors of the African Development Bank Group (AfDB) has approved a new Country Strategy Paper (CSP) for Nigeria covering the period 2025–2030. The CSP includes an annual commitment of approximately $650m to accelerate economic transformation, resilience, and inclusive prosperity. Over the initial four years, the AfDB will disburse $2.95bn, with an additional […] The post AfDB approves $650m annual commitment to boost economic growth appeared first on The Sun Nigeria.

Politics

30 h. ago Tinubu to workers: You’re engine of Nigerian economy, key to growth

From Juliana Taiwo-Obalonye, Abuja President Bola Tinubu has reaffirmed his commitment to prioritising the welfare of Nigerian workers on Workers’ Day, Thursday, May 1, 2025. In a message posted on his official X account @officialABAT, the president described workers as the “engine of our economy and the secret to our nation’s growth”, pledging sustained collaboration […] The post Tinubu to workers: You’re engine of Nigerian economy, key to growth appeared first on The Sun Nigeria.

Politics

60 h. ago Investors Advocate Increased Capital In Critical Sectors To Drive Economic Growth

The African Private Capital Association (AVCA) has emphasised the need for increased capital deployment in essential sectors to stimulate economic growth and development. This call was made during the ongoing 21st Annual Africa Venture Capital Association Conference in Lagos, themed “Bold Moves: Powering 10x in Africa,” which runs from April 28 to May 2, 2025. […]

Economics

61 h. ago Lokpobiri lauds Tinubu’s foresight in driving oil industry reforms

By Seyi Babalola The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, Ph.D, has lauded the Joint Venture (JV) between the Nigerian National Petroleum Corporation (NNPC), Caverton Offshore Support Group, and Stenabulk as a bold step toward enhancing shipping operations, strengthening local content, and driving economic growth through strategic industry alignment. This was made […] The post Lokpobiri lauds Tinubu’s foresight in driving oil industry reforms appeared first on The Sun Nigeria.

Politics

3 d. ago Adamawa govt approves recruitment of 4,000 into civil service

In an effort to tackle unemployment and boost economic growth, the Adamawa State Governor, Ahmadu Umaru Fintiri, has approved the read more Adamawa govt approves recruitment of 4,000 into civil service

Politics

3 d. ago Minister unveils roadmap for Nigeria’s trade, investment boost amid global standoffs

By Uche Usim As global trade disputes necessitate strategic shifts in business models, the Minister of Trade and Investment, Dr. Jumoke Oduwole, has laid out a comprehensive roadmap aimed at driving the nation’s economic growth through enhanced productivity, competitiveness and strategic collaborations with Ministries, Departments and Agencies (MDAs). She stated this in Lagos on Monday […] The post Minister unveils roadmap for Nigeria’s trade, investment boost amid global standoffs appeared first on The Sun Nigeria.

Politics

3 d. ago Tinubu’s economic reforms have liberated Nigeria’s economy from control of ‘cabal’, says Senator Adeola

…says nation’s economy on steady growth Laide Raheem, Abeokuta The Senator representing Ogun West Senatorial District and the Chairman, Senate Committee on Appropriations, Solomon Olamilekan Adeola, on Monday, declared that the nation’s affairs, particularly the economy, are no longer in the hands of the cabal. Adeola, otherwise known as Yayi, said that various reforms introduced […] The post Tinubu’s economic reforms have liberated Nigeria’s economy from control of ‘cabal’, says Senator Adeola appeared first on The Sun Nigeria.

Politics

5 d. ago Stop Demarketing Nigeria With Fake Statistics – PDP Chieftain Tells Peter Obi

A chieftain of the Peoples Democratic Party, Segun Sowunmi, has urged former Labour Party presidential candidate, Peter Obi, to stop demarketing Nigeria especially at international forums. Sowunmi led this out on Friday, while reacting to Obi’s X post on Friday, in where the former governor of Anambra State compared Nigeria’s economic growth with some countries. […] The post Stop Demarketing Nigeria With Fake Statistics – PDP Chieftain Tells Peter Obi appeared first on Information Nigeria.

Politics

5 d. ago Nigeria Has Exited Turbulent Economic Period – Cardoso, Edun

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the minister of Finance and Coordinating minister of the Economy, Wale Edun, have declared that Nigeria has exited its most turbulent economic period and is now firmly on the path to growth and stability. Speaking on Friday night at a joint press conference at […]

Politics

5 d. ago BoI, Sage Grey Finance Partner To Expand Access To MSME Financing

Sage Grey Finance Limited has partnered with the Bank of Industry (BoI) to provide accessible and affordable financing options to Micro, Small, and Medium Enterprises (MSMEs). The partnership, announced in Lagos, supports the federal government’s MSMEs Fund and is designed to foster business growth, job creation, and economic development by offering tailored financing solutions to […]

Politics

7 d. ago Federal Gov’t To Launch Agribusiness Policy To Stabilise Food Prices

The Federal Government is set to launch the National Agribusiness Policy Mechanism (NAPM) to strengthen agricultural productivity, stabilise food prices, and drive economic growth. The NAPM is part of broader initiatives aimed at transforming the country’s agricultural sector through data-driven policies and public-private partnerships. Vice President Kashim Shettima disclosed this while speaking on Friday in […]

Economics

7 d. ago ‘I Am Honoured, Excited’, Dangote Reacts To World Bank Appointment

The President and Chief Executive of the Dangote Group, Aliko Dangote, has confirmed his appointment to the World Bank’s Private Sector Investment Lab, which is responsible for enhancing investment and creating jobs in emerging economies. In a statement confirming his acceptance, Dangote reiterated his dedication to promoting sustainable economic growth through private sector-driven investments, emphasising […]

Politics

7 d. ago World Bank sees poverty rising in Nigeria despite economic growth

The World Bank has predicted that Nigeria may likely see a rise in the levels of poverty over the next read more World Bank sees poverty rising in Nigeria despite economic growth

Politics

7 d. ago World Bank forecasts 3.4% economic growth for Nigeria in 2025

From Adanna Nnamani, Abuja The World Bank has announced a positive outlook for Nigeria’s economy, projecting a growth rate of 3.6 per cent in 2025, following an estimated expansion of 3.4 per cent in 2024. This optimistic forecast comes as reforms begin to demonstrate their potential in stabilizing the country’s macroeconomic environment. Released in the […] The post World Bank forecasts 3.4% economic growth for Nigeria in 2025 appeared first on The Sun Nigeria.

Politics

8 d. ago Katsina Unveils N5bn Green Fund, $500m Energy Deal, Climate Blueprint

Governor Dikko Umaru Radda of Katsina State yesterday unveiled the Katsina State Green Growth Agenda (KAGGA)—a far-reaching blueprint aimed at harmonising economic growth with environmental preservation in one of Nigeria’s most climate-vulnerable states. Speaking at the inaugural Katsina Climate Action and Green Investment Summit held at Transcorp Hilton Hotel, Abuja, Governor Radda described the climate […]

Politics

8 d. ago Nigeria targets 7% growth, eyes investment surge amidst economic reforms

Wale Edun declared at the IMF headquarters investor presentation that govt is laying a robust foundation to attract substantial investments. read more Nigeria targets 7% growth, eyes investment surge amidst economic reforms

Politics

8 d. ago Nigeria’s Climate Plan Will Unlock $2.5bn In Carbon Credits — Tinubu

President Bola Tinubu has urged world leaders to demonstrate unity, courage, and sustained commitment in addressing the worsening global climate crisis. Speaking on Wednesday during a high-level virtual dialogue on climate and the just transition, President Tinubu reaffirmed Nigeria’s dedication to forging a paradigm shift in which climate action and economic growth advance together, not […]

Politics

9 d. ago IMF, African leaders warn of fragile recovery as growth outlook weakens

The International Monetary Fund (IMF) and senior African economic officials warned on Tuesday that Africa’s recovery from recent global shocks read more IMF, African leaders warn of fragile recovery as growth outlook weakens

Events

9 d. ago IMF Lowers Nigeria’s 2025 Growth Forecast To 3.0% On Weakening Oil Price

The International Monetary Fund (IMF) has revised downward Nigeria’s economic growth projections for 2025 and 2026, to 3.0 for 2025 and 2.7 for 2026 as global uncertainties grow and sustained weaknesses in oil prices impact the country’s economy. This is as it sees a growing probability of a recession from per cent in October to […]

Politics

1 week ago Stakeholders to discuss Nigeria’s clean energy future at CADEF’s workshop

By Chinenye Anuforo The transition to clean energy is paramount for Nigeria’s sustainable development, offering a pathway to energy security, environmental preservation, and economic growth. Recognizing this critical need, the Consumer Advocacy and Empowerment Foundation (CADEF), a non-profit committed to consumer rights and empowerment, is set to host a significant Distributed Energy Resources (DER) Stakeholders’ […] The post Stakeholders to discuss Nigeria’s clean energy future at CADEF’s workshop appeared first on The Sun Nigeria.

Politics