FDIs to Nigeria, Others Hit Two-decade Low – World Bank   Flows of foreign direct investments into Nigeria and other developing economies, a key propellant of economic growth and higher living standards, have dwindled to the lowest level since 2005 amid rising trade and investment barriers,...

The federal government is fine-tuning regulations that will enhance Nigeria’s status as a preferred destination for foreign investors.

'Policy Reforms Key to $1trn Economy Goal' Experts have expressed the need for policy reforms for Nigeria to meet the $1tn economic target by the end of the decade. This came to light following the release of the Gross Domestic Product figures for the fourth quarter...

FG Targets $100bn GDP Boost from Arts, Culture, and Creative Economy   The Federal Government is setting ambitious targets to supercharge Nigeria's economy through the creative industries, aiming to add a whopping $100 billion to the country's GDP. The Minister of Arts, Culture, Tourism, and Creative Economy, Hannatu Musa...

Livestock Ministry Unveils Plan to Boost GDP to $74bn by 2035   The Federal Ministry of Livestock Development has set an ambitious target to significantly boost the livestock sector's economic contribution, aiming to increase its Gross Domestic Product (GDP) from $32 billion to $74 billion by...

MAN Calls for Electricity Tariff Reduction, Caution on GDP Rebasing   The Manufacturers Association of Nigeria (MAN) has reiterated its determination to push for a reduction in electricity tariffs while cautioning the Federal Government against politicising the planned Gross Domestic Product rebasing process. MAN’s leadership, during its...