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Tag: INDUSTRIALIZATION

Growth and development in Nigeria's economy, symbolized by roads and infrastructure under blue sky.
Politics

Nigeria’s Economy Growing Despite Short-Term Pain, Says Minister Bagudu

June 9, 2025June 9, 2025 - by Liam Nguyen - Leave a Comment

Nigerian officials claim that the economy is beginning to improve due to President Bola Tinubu’s reforms. Minister Atiku Bagudu emphasizes that despite current challenges, the administration’s policies are freeing resources …

Nigeria’s Economy Growing Despite Short-Term Pain, Says Minister Bagudu Read More
A vibrant industrial landscape depicting factories, farmland, and natural resources symbolizing Nigeria's economic diversification.
Technology

Urgent Call for Economic Diversification through Industrialisation in Nigeria

May 27, 2025May 27, 2025 - by Liam Nguyen - Leave a Comment

At a recent forum, Aisha Rimi of the Nigeria Investment Promotion Commission stressed the urgent need for Nigeria to diversify its economy by promoting industrialization. Highlighting the importance of domestic …

Urgent Call for Economic Diversification through Industrialisation in Nigeria Read More
Business / economics

Tariff Exemption Offers Nigeria Economic Relief Amid Trade Tensions

April 12, 2025April 12, 2025 - by Sofia Nawab - Leave a Comment

Nigeria benefits from a temporary 10% tariff exemption on U.S. exports, with its primary oil and gas sector unaffected. This aligns with U.S. aims to recalibrate its trade strategies amid …

Tariff Exemption Offers Nigeria Economic Relief Amid Trade Tensions Read More
Companies

World Bank Raises Concerns Over Nigeria’s Statistical Quality and Investment Needs

March 27, 2025March 27, 2025 - by Carmen Mendez - Leave a Comment

The World Bank has highlighted Nigeria’s inadequate statistical performance compared to peers like Mexico and South Africa. A World Bank delegation, led by Country Director Ndiame Diop, suggested an annual …

World Bank Raises Concerns Over Nigeria’s Statistical Quality and Investment Needs Read More
Companies

Baobab Nigeria Commits N500bn to Empower MSMEs and Enhance Financial Inclusion

March 24, 2025March 24, 2025 - by Carmen Mendez - Leave a Comment

Baobab Nigeria has committed N500 billion in loans to support MSMEs, emphasizing financial inclusion and economic growth. Key leaders outlined strategies for enhancing services to underserved communities during a press …

Baobab Nigeria Commits N500bn to Empower MSMEs and Enhance Financial Inclusion Read More
Companies

Standard Chartered Bank Commends Nigeria’s Economic Reforms

March 21, 2025March 21, 2025 - by Sofia Nawab - Leave a Comment

Standard Chartered Bank praised Nigeria’s economic reforms during a meeting with Finance Minister Wale Edun, highlighting key measures such as subsidy removal and market liberalization. Discussions included improved investor confidence …

Standard Chartered Bank Commends Nigeria’s Economic Reforms Read More
Technology

Senator Ned Nwoko Advocates for Social Media Companies to Establish Offices in Nigeria

March 21, 2025March 21, 2025 - by Sofia Nawab - Leave a Comment

Senator Ned Nwoko asserts that social media platforms like TikTok and X could create 200,000 jobs for Nigerians by establishing local offices. He emphasizes that the Bill to Amend the …

Senator Ned Nwoko Advocates for Social Media Companies to Establish Offices in Nigeria Read More
Companies

Steel Development as a Catalyst for Nigeria’s Economic Growth

March 21, 2025March 21, 2025 - by Liam Nguyen - Leave a Comment

Prince Shuaibu Abubakar Audu, Nigeria’s Minister of Steel Development, stated that the National Steel Raw Materials Exploration Agency is vital to the nation’s goal of reaching a $1 trillion economy …

Steel Development as a Catalyst for Nigeria’s Economic Growth Read More
Politics

Enhancing India-Nigeria Business Relations through Streamlined Regulations

March 21, 2025March 21, 2025 - by Marcus Chen - Leave a Comment

The Acting High Commissioner of India to Nigeria, Vartika Rawat, advocates for streamlined regulatory processes to enhance trade relations between India and Nigeria at the India Trade Expo in Lagos. …

Enhancing India-Nigeria Business Relations through Streamlined Regulations Read More
Business / economics

Critique of Zimbabwe’s Vendor Removal: Economic Concerns Raised by ZCIEA

March 20, 2025March 20, 2025 - by Sofia Nawab - Leave a Comment

The Zimbabwe Chamber of Informal Economy Association condemned government actions that remove vendors, arguing it will worsen economic instability. Kizito Mupunga criticized the outdated regulations and stressed the need for …

Critique of Zimbabwe’s Vendor Removal: Economic Concerns Raised by ZCIEA Read More

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