By: Tunji Okunlola Finance Minister Taiwo Oyedele has presented a draft Nigeria Economic Policy Framework for public consultation, saying it is meant to end ad-hoc, shifting policymaking that he said undermines investment and job creation. Delivering the opening presentation at the 32nd Nigerian Economic Summit (NES#32) in Abuja, Oyedele said Nigeria has produced many economic…
By: Tunji Okunlola The Federal Government says it has released N38.93bn to 166 public tertiary institutions across Nigeria under the Needs Assessment Revitalisation Fund, to address infrastructure deficits and improve teaching and learning facilities. The beneficiaries are 79 universities, 46 polytechnics and 41 colleges of education. The Federal Ministry of Finance announced this in a…
By: Tunji Okunlola Lagos State Governor Babajide Sanwo-Olu says the Opebi-Ojota link bridge will be ready for use before Christmas, after delays pushed its completion past the September target he had earlier given. He gave the assurance on Sunday during an inspection visit to the construction site to find out why the project had slipped….
By: Tunji Okunlola Finance Minister and Coordinating Minister of the Economy Taiwo Oyedele says subnational governments receive about 85 per cent of Nigeria’s resources, leaving the federal government with 15 per cent despite its wide range of responsibilities. He spoke on Wednesday at Chatham House in London during a discussion on Nigeria’s economic outlook, reform…
The National Economic Council (NEC) has endorsed a 90-day economic action plan meant to reduce the cost of living, make food more affordable and speed up investment and infrastructure delivery. By: Tunji Okunlola Finance Minister and Coordinating Minister of the Economy Taiwo Oyedele presented the plan at the Council’s 161st meeting, held virtually on Thursday…
By: Ganiyu Olayinka The Rivers State House of Assembly has reversed its decision to declare vacant the seats of three lawmakers loyal to Governor Siminalayi Fubara, clearing the way for their return to the legislature. The lawmakers are Victor Oko-Jumbo (Bonny Constituency), Sokari Goodboy Sokari (Ahoada West Constituency) and Orubienimigha Timothy (Opobo/Nkoro Constituency). In a…
By: Tunji Okunlola President Bola Tinubu has approved 18-month tenure extensions for the Controller-General of the Nigerian Correctional Service, Sylvester Nwakuche, and the Comptroller-General of the Nigeria Immigration Service, Kemi Nandap. In a statement on Monday, the President’s Special Adviser on Information and Strategy, Bayo Onanuga, said Nwakuche’s tenure will now run until May 26,…
The Lagos State Government has named six new permanent secretaries, raising the total appointed by Governor Babajide Sanwo-Olu since he took office to 135, according to the state Head of Service, Bode Agoro. By: Ganiyu Olayinka Agoro announced this on Monday at Lagos House, Alausa, Ikeja, during the swearing-in of the six officials, along with…
The Federal Ministry of Finance has pushed back against claims that the Federal Government’s interest payments reached 124 per cent of revenue in the first half of 2026. It called the conclusion misleading in a statement issued in Abuja on 18 October 2026. By: Tunji Okunlola The Ministry said the claim, which commentators drew from…
By: Yetty Aiyedogbon The International Monetary Fund has raised its 2026 growth forecast for Nigeria slightly, but both the Fund and Finance Minister Taiwo Oyedele acknowledged this week that high living costs and persistent poverty are limiting what growth means for ordinary people. The IMF raised its 2026 projection by 10 basis points to 4.2…
