Assistant Comptroller General of Customs, Nsikan Umoh, has stressed that integrity and compliance remain critical to Nigeria’s economic growth and national development. Speaking during a working visit to the Nigeria Customs Service Sokoto/Zamfara Area Command, she said, “National development requires all hands on deck. When stakeholders comply with trade...
Nigeria Economy
Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, has questioned the Federal Government’s rising debt profile despite what he described as a significant increase in revenue under President Bola Tinubu led administration. In a statement shared on X on Wednesday while reacting to the President’s three-year anniversary report, Obi...
Vice President Kashim Shettima has said Nigeria’s ambition of building a one-trillion-dollar economy is driven by enterprise, investment and coordinated reforms across all levels of government. He particularly identified Lagos State as the clearest demonstration of how subnational leadership can accelerate national economic transformation. Speaking on Monday when he...
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has welcomed new data from the National Bureau of Statistics (NBS) showing that Nigeria’s real GDP grew by 4.07% in the fourth quarter of 2025 (Q4 2025). Edun said this marks the second time in a decade—excluding the...
Data has shown that improving macroeconomic conditions and financial systems contributes to stabilising the economy, where evidence-based policy frameworks are positioned to safeguard the soundness and resilience of the financial system. The Monetary Policy Committee (MPC) is far more than a technical update; it is a decision of steady...
Former presidential candidate, Peter Obi , has expressed deep concern over Nigeria’s growing debt profile and declining economic performance, warning that borrowing without productivity-driven growth is pushing the country toward deeper financial distress. In a post shared on X (formerly Twitter), Obi referenced recent findings by the World Bank,...
President Bola Ahmed Tinubu has commended the Bank of Industry (BOI) for achieving N636 billion in loan disbursement to businesses in 2025, the highest annual financing volume in the institution’s history. The President in a statement on Thursday by his spokesman, Bayo Onanuga, described the milestone as concrete evidence...
President Bola Ahmed Tinubu has assured Nigerians of his administration’s resolve to ensure the dividends of the Renewed Hope Agenda reforms are felt across every state and community in Nigeria. He charged members of the National Economic Council (NEC), comprising state governors, key government officials, and other relevant stakeholders,...
Kaduna State Governor, Uba Sani, has said his administration embarked on difficult but necessary reforms to stabilise public finance, strengthen governance, and create a predictable business environment, stressing that the reforms are now yielding tangible results. The governor stated this at the opening ceremony of the 47th Kaduna International...
Nigerian Government has announced plans to deepen investment in the economy, rely more on domestic revenue, and significantly reduce its dependence on borrowing as part of ongoing fiscal reforms. Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this on Tuesday while speaking on Bloomberg...
There are hardly any economic indices in Nigeria today that have not improved since President Tinubu assumed office on Monday, May 29, 2023. Below, I have listed ten, just in case you are misled by disgruntled politicians into thinking you are worse off today than you were in 2023....
The implementation of these new tax laws in January 2026; under President Bola Ahmed Tinubu administration, in the midst of insecurity, endemic corruption and high inflation, an unsteady economy, and an unstable Naira, has sparked a debate regarding the negative effects the laws would have on the Nigerian economy,...
Vice President, Senator Kashim Shettima has said the administration of President Bola Ahmed Tinubu has succeeded in putting an end to the regimes of volatility and unpredictability that once characterised Nigeria’s economy. According to him, global economic uncertainties, “shocks, shifting alliances, and the rapid displacement of traditional jobs by...
Central Bank of Nigeria (CBN) has maintained its Monetary Policy Rate (MPR) at 27.5%. CBN Governor Yemi Cardoso, announced this on Tuesday during a press briefing in Abuja following the 301st Monetary Policy Committee (MPC) meeting. Cardoso revealed that the decision to keep the lending rate unchanged was unanimous...
The Central Bank of Nigeria (CBN) has affirmed the preparedness of the Nigerians banks for the ongoing recapitalisation exercise. The Director of Banking Supervision Department, CBN, Dr Olubukola Akinwumi, gave this assurance on Monday in Abuja, at the ongoing 36th Edition of Finance Correspondents and Business Editors Association of...
Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has described Micro, Small, and Medium Enterprises (MSMEs) as the backbone of the Nigerian economy. Oduwole stated this on Wednesday in Makurdi at the opening of a 2-day Benue Inventors and Entrepreneurs Exhibition 2025. The minister stated that MSMEs contribute...
Energy expert, Dr Ayodele Oni, says the removal of fuel subsidies in Nigeria has had a significant impact on the country’s economy. Oni, a partner at Bloomfield Law Firm, made the assertion in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. According to him,...
The Executive Secretary, Tertiary Education Trust Fund (TETFund), Mr Sonny Echono, says the recently-held TETFund National Research Fair/Exhibition aligns with its aspiration to use technology to spur national economic growth. Echono, said this during an an interview with the News Agency of Nigeria (NAN) in Abuja on Monday. He...
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the country’s economy is on the rise with great investment opportunities. Edun said this while receiving a high-level delegation from First Abu Dhabi Bank, led by the Group Head of Investment Banking, Martin Tricaud, in...