Author: The Editor

The Minister of State for Budget and Economic Planning, Hon. (Dr) Doris Nkiruka Uzoka-Anite, has hosted the Vice President of the European Investment Bank (EIB), Mr. Ambroise Fayolle, and the Head of the EU Delegation to Nigeria, Mr. Gautier Mignot. The high-level meeting was held at the Ministry in Abuja. During the meeting, both sides discussed ways to drive development finance that aligns with Nigeria’s Renewed Hope Agenda, Nigeria Agenda 2050, and the upcoming National Development Plan (2026–2030). The EIB’s current €1.2 billion portfolio in Nigeria was described as a strong vote of confidence in the country’s economic reforms and…

Nigeria has secured a €200 million financing agreement with the European Investment Bank (EIB) to boost support for small and medium-sized enterprises (SMEs) through the Development Bank of Nigeria. The five-year facility is aimed at expanding access to finance for SMEs and micro, small and medium enterprises (MSMEs) driving green growth, renewable energy, and digital innovation. The financing agreement is designed to strengthen Nigeria’s private sector and accelerate economic transformation. It places strong emphasis on green and digital initiatives that align with the country’s broader development goals. A key component of the deal is the allocation of at least 30…

Senate President Godswill Akpabio has said that the All Progressives Congress (APC) did not promise Nigerians miracles but rather “Renewed Hope” under the current administration. He made the statement while addressing recent criticisms of the government’s performance. Speaking earlier today, Akpabio noted that the APC campaigned on the platform of renewed hope and not on the promise of instant solutions to all of Nigeria’s challenges. He emphasized that the party has remained focused on delivering on its promises despite the difficult economic conditions inherited by the administration. The Senate President’s comments come amid growing public debate about the pace of…

Anambra State Governor, Prof. Chukwuma Soludo, has reaffirmed his administration’s commitment to turning the state into Africa’s Silicon Valley through technology-driven initiatives and skills development. He made the commitment during the graduation ceremony of the Anambra Startup Investment and Technology Skills Programme held in Awka. Speaking at the event, Governor Soludo stressed the urgent need to integrate technology into every sector of the economy and every level of governance. He noted that as the world evolves rapidly, young people must be equipped with the right skills to thrive in the digital age. According to him, the vision is driven by…

The National Drug Law Enforcement Agency (NDLEA) and the United Nations Office on Drugs and Crime (UNODC) have outlined a series of activities to mark the 2026 World Drug Day. The weeklong programme will focus on strengthening efforts to combat drug trafficking and substance abuse across Nigeria. Speaking on the activities lined up for the celebration, NDLEA Chairman and Chief Executive Officer, Brig. Gen. Buba Marwa (retd), said the agency is targeting criminal networks involved in drug trafficking to effectively cut off their sources of funding and operations. He noted that sustained pressure on these networks remains critical to reducing…

The National Economic Council (NEC) has approved the sum of N83.2 billion for the Anticipatory Action Task Force (AATF) to mitigate the impact of expected flooding and other climate-related emergencies across Nigeria. The approval was given at the 158th meeting of the Council on Thursday. The funds were approved following a presentation by the Minister of Budget and Economic Planning, Senator Atiku Bagudu, on the need to proactively address flooding and related disasters, especially during the rainy season. The National Economic Council noted the importance of shifting from reactive responses to anticipatory measures in managing emergencies and disasters across the…

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has met with the Chairman of the Islamic Development Bank (IsDB) Group, Dr. Muhammad Al Jasser, on the sidelines of the 2026 IsDB Group Annual Meetings in Baku, Azerbaijan. The meeting focused on strengthening the long-standing partnership between Nigeria and the IsDB Group. During the engagement, both leaders reviewed ongoing and future cooperation under the Country Engagement Framework 2026–2028. The discussions centred on critical areas including infrastructure development, private sector growth, Islamic finance, and support for Nigeria’s broader economic diversification agenda. The meeting builds on recent engagements,…

The Federal Government has released the General Guidelines for the implementation of the Tax Acts 2025, providing detailed direction on how the country will transition from the old tax regime to the new framework that becomes effective from January 1, 2026. Issued by the Federal Ministry of Finance on Thursday, June 18, 2026, the Guidelines are expected to serve as a critical reference document for taxpayers, tax practitioners, revenue authorities, and other stakeholders navigating the shift from the repealed tax laws to the new tax system. Background to Nigeria’s Tax Reform Nigeria’s tax system had long been criticised for being…

The Presidency has released an update on the Akanu Ibiam International Airport in Enugu, highlighting its current operations and ongoing efforts to modernise the facility. The airport serves as a major aviation gateway for Enugu State and the South-East region. According to the update, Akanu Ibiam International Airport operates with a single main terminal that handles both arrivals and departures. Flight operations are largely domestic, with key routes including Enugu–Abuja and Enugu–Lagos. Although designated as an international airport, international flight operations remain limited at present. The facility features a 3,000-metre asphalt runway capable of accommodating medium to large aircraft under…

The Federal Government has launched the Smart National Transport Data Bank, a major digital infrastructure project designed to integrate real-time transport data across all modes of transportation in Nigeria. The initiative was approved by the Federal Executive Council in May 2026. The platform will collect and integrate data from road, rail, air, maritime, and pipeline operations. It is expected to improve national planning, enhance logistics efficiency, strengthen safety measures, and boost overall security in the transport sector. According to the government, the system will support intelligent mobility solutions, better traffic management, stronger digital infrastructure, and reduced revenue leakages in the…