Revitalizing Nigeria's Economy Through Customs Modernisation By Abdulsalam Mahmud Facing declining revenue due to poor economic performance, the Federal Government (FG) initiated the Nigeria Customs Service Modernisation Project two years ago. This presidential initiative aims to diversify and enhance government revenue beyond the oil sector. The Modernisation...

Nigeria’s Economy to Hit $1.85tn by 2029, IMF Predicts  The International Monetary Fund has predicted that Nigeria’s economy will reach $1.85tn by 2029, in Purchasing Power Parity terms. This forecast suggests a significant growth trajectory for the country’s economy over the next five years. According to the...

$3trn Needed To Bridge Infrastructural Deficit In Nigeria - Osinbajo         Vice President Yemi Osinbajo says three trillion dollars is needed to bridge the infrastructural deficit in Nigeria over the next 30 years. He said that adopting new models of investments for infrastructural development in the country...

FG Rejects Proposal To Repair Ports’ Scanners With N753m       There is an indication that the five faulty scanners at the Apapa ports have been abandoned as the Federal Government rejects proposal to repair them at a cost of N753 million. This development, our correspondent learnt, comes...

FEC Okays $3.02bn For PH-Maiduguri Rail Line       The Federal Executive Council (FEC) on Wednesday approved the reconstruction and rehabilitation of the Port Harcourt-Maiduguri Eastern Narrow Gauge. The cost of the project was put at $3.02bn. The decision was taken at the weekly meeting of the council presided...

The Federal Government has unveiled a $300 million World Bank facility to support a new housing scheme known as the National Housing Finance Programme (NHFP). The initiative, according to the Deputy Director, Other Financial Institutions at the Central Bank of Nigeria (CBN), Mr. Adedeji Adesemoye...