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FG Unveils N1tn Economic Relief Package For Nigerians

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FG Unveils N1tn Economic Relief Package For Nigerians

The Nigerian government has rolled out a massive N1tn palliative and construction project to cushion the effects of the current economic hardship on citizens. The project was announced by President Bola Ahmed Tinubu at the 142nd National Economic Council meeting and aims to boost food production, strengthen the economy, and provide urgent economic relief to Nigerians.

The project includes the immediate rollout of the National Construction and Household Support Programme, which will cover all geo-political zones in the country. The programme will prioritize the Sokoto-Badagry Highway, which will traverse seven states, including Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos. Other road infrastructure projects that will be prioritized include the Lagos-Calabar Coastal Highway and the Trans-Saharan Highway. The project also includes full counterpart financing for the Port Harcourt-Maiduguri Railway and the Ibadan-Abuja segment of the Lagos-Kano
Standard-Gauge Railway. The project will also provide N50,000 grants to 100,000 families in each state for three months, as well as N155bn for the purchase and distribution of assorted foodstuff. Additionally, N540bn will be allocated for household grants, and N10bn will be allocated to each state for CNG buses.

The project is designed to boost food production, strengthen the economy, and provide urgent economic relief to Nigerians. The prioritization of the Sokoto-Badagry Highway project is due to its importance in the agricultural sustainability of the nation.

The project will also create jobs and generate wealth through the production and export of excess food. The government has also announced plans to boost agricultural productivity, strengthen the economy, and provide urgent economic relief to Nigerians. This includes the activation of the Presidential Food Systems coordinating unit, which will be chaired by Vice President Kashim Shettima.

The unit will work with state governments, the private sector, and other stakeholders to boost food production and reduce food insecurity. The government has also announced plans to establish a $1bn agriculture mechanization program, which will provide tractors and other agricultural equipment to farmers.

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Foreign Investment Outflow from NGX Rises by 250.86% in Q1’25

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Foreign investment outflow from the Nigerian stock market (NGXchange) has risen by 250.86 percent, Quarter-on-Quarter, QoQ, to N420.37 billion in the first Quarter, Q1’25, from N119.81 billion in the corresponding period of 2024, Q1’24.

The Nigerian Exchange Limited, NGX, disclosed this in its foreign portfolio report.

According to the report, foreign investment outflow also exceeded inflow by 20 percent or N20.11 billion in Q1’25. Despite the outflow, foreign investment inflow rose by 275 percent, Year-on-Year, YoY, to N349.97 billion in Q1’25 from N93.37 billion in Q1’24.

The NGX also revealed that N2.23 trillion equity transactions were recorded by both domestic and foreign investors in Q1’25.

The figure surpassed the N1.54 trillion recorded in the same period of 2024, representing an increase of N690 billion or 44.8 percent.

In March 2025, foreign transactions outperformed domestic transactions by circa 26 percent.

According to the NGX, foreign transactions increased significantly by 1,541 percent to N699.89 billion in March 2025 from N42.65 billion in February 2025.

On the other hand, domestic transactions decreased by 10.98 percent Month-on-Month, MoM, to N415.62 billion in March 2025 from N466.82 billion in February 2025.

Domestic inflow and outflow also declined in the reviewed period.

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Liberia Woos Investors at 2025 Investment Conference

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Liberia’s Minister of Commerce and Industry, Magdalene E. Dagoseh, has highlighted the country’s immense investment potential at the 2025 Liberia Investment Conference.

The two-day forum, which brought together investors, policymakers, and business leaders, aimed to explore investment opportunities in Liberia.

Minister Dagoseh emphasized Liberia’s commitment to creating a conducive business environment, citing minimal financial barriers and a welcoming regulatory framework.

“Liberia is a place of authority of opportunity, where transformation can take place at all levels,” she stated.

The conference showcased Liberia’s investment potential in various sectors, including agriculture, mining, infrastructure, and services.

The agriculture sector, for instance, offers opportunities for investment in crop production, livestock farming, and agro-processing.

She remarked that by investing in Liberia, companies can tap into the country’s growing market and contribute to its economic development.

Diaspora Watch reports that Liberia aims to attract foreign investment, stimulate economic growth, and reduce poverty by showcasing its investment potential.

With its strategic location, natural resources, and growing economy, Liberia is an attractive destination for investors.

The 2025 Liberia Investment Conference marked a significant step towards achieving these goals, highlighting Liberia’s investment potential to a global audience.

Liberia’s investment potential is enormous, and the country is committed to creating a conducive business environment to attract investors and drive economic growth.

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$5 Billion African Energy Bank Enters Final Phase

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The Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has announced that preparations for the launch of the $5 billion African Energy Bank (AEB) have entered their final phase.

Lokpobiri made the disclosure after a high-level review meeting in Abuja with President of Afreximbank, Professor Benedict Oramah, and Secretary-General of African Petroleum Producers’ Organisation (APPO), Dr Farouk Ibrahim.

According to Lokpobiri, key legal and governance frameworks have been concluded, while capital mobilisation discussions have recorded encouraging commitments from both member nations and private investors.

The AEB, headquartered in Abuja, seeks to mobilise capital for energy infrastructure projects across Africa.

“The AEB is poised to become a transformative financing platform for energy projects across the continent,” Lokpobiri said.

“This review confirms that every critical milestone is either completed or on schedule, and we remain fully aligned with our continental partners.”

APPO’s Ibrahim commended Nigeria’s dedication to meeting the stringent requirements for bank establishment, while Afreximbank’s Oramah stated that the bank was ready to deploy its structuring expertise and capital base to ensure AEB’s successful launch.

A definitive launch timeline and inaugural board meeting date have been fixed and will be announced shortly.

The AEB has an initial capital target of $5 billion, with plans to scale up to $120 billion subsequently.

In a separate event, Lokpobiri flagged off construction of the permanent site for Bauchi Oil and Gas Academy, Alkaleri (BOGAA), saying the move will contribute to the federal government’s human capacity development plan in the energy sector.

The minister highlighted President Bola Tinubu’s broader agenda to harness the full potential of Nigeria’s energy sector in driving economic prosperity, creating jobs, and enhancing national revenue.

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