Tinubu Approves ₦3.3trn Plan to Clear Power Sector Debts, Boost Electricity Supply
President Bola Tinubu has approved a ₦3.3 trillion repayment plan to settle long-standing debts in Nigeria’s power sector, a move aimed at improving electricity supply and rebuilding investor confidence. The announcement was made by presidential…
NPA Moves to Upgrade Eastern Ports to Boost Cargo Traffic, Exports
The Nigerian Ports Authority (NPA) has announced major investments in the rehabilitation of key Eastern ports—Onne, Warri, and Calabar—as part of efforts to increase cargo traffic and expand operational capacity. Managing Director Abubakar…
Nigeria, JICA Move to Finalise ¥15bn Loan Deal for Food Security Boost
The Federal Government has ramped up discussions with the Japan International Cooperation Agency (JICA) to expedite the implementation of a ¥15 billion (approximately $110 million) emergency loan aimed at strengthening food security across Nigeria. This…
NDDC Launches N30 Billion Fund to Boost Youth Entrepreneurship in Niger Delta
The Niger Delta Development Commission (NDDC) has introduced a N30 billion fund to promote youth entrepreneurship in the Niger Delta region. In a statement released on Saturday, the NDDC disclosed that the funds would be directed through the Niger Delta…