Poor Transportation, Port Facilities, Power Killing Nigeria’s Manufacturers – Adesina   The President of the African Development Bank Group, Dr. Akinwumi Adesina, says the lack of stable electricity in Nigeria is killing industries in the country, adding that based on an International Monetary Fund report, about...

Nigeria Needs $2.7bn Investment To Stabilise Petroleum Products Supply — NNPC   The Nigerian National Petroleum Corporation, NNPC, yesterday, predicted that the nation needed about $2.7 billion worth of investment to enable it meet the rising demand for petroleum products. In his keynote address at the 15th...

Nigeria’s Per Capita Income Same In 40 Years, Says W/Bank     The World Bank’s Country Director for Nigeria, Shubham Chaudhuri says the country’s per capita income is at the same level as 1981. Speaking on Monday during a panel session at the 27th Nigerian Economic Summit (NES#27),...

In 12 Years, Nigeria Exported $22trn Worth Of Rubber   Nigeria has exported rubber and its articles worth $22 trillion since 2009. The highest was $10 trillion in 2012, while the lowest was last year with the value put at $21 million. However, Nigeria exports of rubber have...

Nigeria Losing $3bn To Illegal Mining - NEITI   The Director, Technical, Nigeria Extractive Industry Transparency Initiative, Dr Dieter Bassi, has said Nigeria is losing $2bn-$3bn to illegal mining. He said this during a town hall meeting on the dangers of foreign illegal mining in Nigeria on...

Poor Vaccination, Policy’ll Slow Economic Recovery In Nigeria – IMF   The International Monetary Fund says slow vaccine rollout and stark differences in policy space are the leading reasons why economic recovery in Nigeria and other sub-Saharan African countries will be the slowest in the world. The...