Company to Invest $172bn in Agriculture, Energy, Other Sectors Backbone Infrastructure Nigeria Limited, a multi-national company, has announced its intention to invest $172bn to develop various infrastructure sectors in the country. This investment, utilising alternative financing options, will be allocated to mineral resources, energy, agriculture,...

Disbursement of N150bn MSMEs Loan to Commence in July The Federal Government on Thursday said the disbursement of N150bn loans to micro, small and medium enterprises and manufacturers would commence by the end of July. It also disclosed that 60 per cent of the proposed one...

International Customs Day: FG seeks Partnership on $24.9tr Global Maritime Trade The Federal Government has solicited collaboration from stakeholders towards enhancing the country’s economy by tapping into the maritime sector, valued at over $24 trillion, while supporting 90 per cent of global trade and generating...

Subsidy: FG to Begin Disbursement of Grants, Loans to Businesses   As part of the Presidential Palliative Programme, the Federal Government of Nigeria has announced the kick-off of two programmes targeted at alleviating the impact of the fuel subsidy removal – the Presidential Conditional Grant Programme...

Why FG Prefers Imported Vehicles - Minister   Nigerian government prefers to buy imported vehicles because local manufacturers are still found wanting in terms of providing after-sale service, the Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite had disclosed. The minister provided this clarification at a...

FG Set to Support Small Businesses With N75bn The Federal Government has set aside a N75 billion intervention fund to support small businesses in response to the country’s current economic challenges. The fund is expected to be disbursed, starting from March 2024 to strengthen the manufacturing...