Members of the Organised Private Sector have warned that the country risks losing $200bn investment and 600,000 jobs.

Over $10 billion is being invested by state governments and private sector companies in the development of new deep and river seaports throughout Nigeria. 

According to Mr Adewale Oyerinde, the Director-General of the Nigeria Employers’ Consultative Association (NECA), the Federal Government should adopt alternative policies to foster growth and development in the private sector. 

Credit to Private Sector, Govt Rise by 42.68% to N87.27trn   The Central Bank of Nigeria (CBN) has disclosed that banks’ credit to the economy rose by 42.68 per cent Year-on-Year (YoY) to N87.27 trillion in August 2023 from N61.17 trillion reported in the corresponding period...

Oil Communities, Firms Partnership Target $5bn Investment Fund   The Host Communities of Nigeria Producing Oil and Gas had said it is targeting a $5bn fund in partnership with the private sector to kick-start investment drive and development in the oil-producing states in the country. The Executive...

Report Reveals Private Sector Rebounded After March Cash Crunch There were signs of recovery in the Nigerian private sector in April as the cash crisis eased, according to a report by Stanbic IBTC Bank of Nigeria. The report on its Purchasing Managers’ Index titled ‘Nigerian private...