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FG Commits 5% of GDP to Industrial Financing

The Federal Government has pledged to commit 5% of Nigeria’s GDP annually to industrial development financing, under the newly launched Nigeria Industrial Plan.

FG Targets Aerotropolis Model to Transform Airports

Nigeria’s aviation industry is set for a major investment drive as the Federal Government moves to establish aerotropolises, airports integrated with commercial cities, logistics hubs, and industrial clusters, across key cities.

NSIA, JICA Launch $50m Fund for Nigerian Startups

The Federal Government has launched a $50m Impact Innovation Fund to support Nigerian startups tackling social challenges, following agreements signed between the Nigeria Sovereign Investment Authority (NSIA) and the Japan International Cooperation Agency (JICA).

Tinubu Approves N2.8tn Payment to GenCos After Audit

President Bola Tinubu has approved the payment of ₦2.8 trillion to power generation companies (GenCos) as the Federal Government’s verified liability for accumulated electricity subsidies dating back to 2010.

S/Arabia Marks 300 Years of Statehood with Founding Day Celebrations

The Kingdom of Saudi Arabia on Sunday commemorated its Founding Day, marking nearly three centuries since the establishment of the first Saudi state in 1727, in a nationwide celebration of history, heritage and national identity.

Lagos Partners Tax Ombud to Boost IGR, Compliance

The Lagos State Government has pledged stronger collaboration with the Office of the Tax Ombud to boost Internally Generated Revenue (IGR) and deepen tax compliance.