Nigeria’s mines ministry, British Geological Survey collaborate on establishing national geo-data archiving system

Nigeria’s ministry of mines and steel development through its agency, Nigeria Geological Survey Agency (NGSA), is collaborating with the British Geological Survey (BGS) towards the establishment of a Nigerian national geo-data archiving system. Bawa Bwari, minister of state, ministry of mines and steel development, while welcoming the representatives of BGS, Matt Harrison, and Jenny Forster, […]

U.S. envoy urges increased investment in Nigeria’s resources

Stuart Symington, the United States Ambassador to Nigeria

Stuart Symington, the United States Ambassador to Nigeria, has called for increased investment in Nigeria’s array of resources to scale up its economic capacity. Symington who spoke during a courtesy visit to the director-general of the International Institute of Tropical Agriculture (IITA), Ibadan, said the country could derive quality benefits from its human and natural […]

Private sector accounts for 90% of Nigeria’s GDP-vice president

Yemi Osinbajo, Nigeria’s Vice-President said Thursday that the country’s private sector accounts for 90 percent of the nation’s gross domestic product (GDP). This was stated at the launch of the Nigerian Economic Diplomacy Initiative (NEDI), where the VP assured that the Federal Government is committed to ensuring adequate consultation, especially with the private sector, in […]

Bangladesh, Nigeria partner to enhance trade, economic cooperation – Envoy

The People’s Republic of Bangladesh Tuesday, pledged to partner Nigeria to boost trade and economic cooperation. Shahhat Gati, the Acting High Commissioner of Bangladesh to Nigeria made this known in her address at the 48th Independence and National Day organised by the Bangladesh Embassy in Abuja. Bangladesh and Nigeria had enjoyed bilateral relations since the […]

Nigeria spends N400bn on raw sugar import in four years

Nigeria spent a total of N400 billion on the importation of raw sugar from 2013 to 2016, Abiodun Olasupo, chairman, House of Representatives ad-hoc committee investigating waiver to certain companies on sugar importation has said. He lamented the huge volume of importation in spite of the waivers meant to enhance local production and ensure that […]

Nigeria’s economy at critical period, but gov’t commits to growth

Nigeria’s economy is at a critical period but the central government says it is commited to its growth and development and is eyeing up the real estate development sector to help its push for growth as it has the ability to generate volumes of jobs. The country’s vice president, Yemi Osinbajo, said at the 2018 […]

Nigeria’s finance ministry inaugurates committee, NSFPC, to facilitate economic prosperity

Kemi Adeosun, Nigeria’s finance minister on Tuesday inaugurated Nigerian Sustainable Finance Principle Committee (NSFPC) in Abuja, a committee which seeks to ensure that financial services are rendered in ways and manners that protect the environment from externalities that may eventually undermine social comfort and convenience. Mahmoud Dutse the Permanent Secretary of the Federal Ministry of […]