The Nigerian Investment Promotion Commission (NIPC) says its pioneer status incentive (PSI) programme has attracted investments worth N386 billion from a total of 37 companies. Lovina Kayode, Head of the Incentive Administration unit, highlighted that the commission has successfully secured 386 billion Naira in investment from 37 companies granted the pioneer status incentive, leading to […]
Nigeria Drives Economic Diversification with $2.7bn Non-Oil Exports in H1 2024
The Nigerian Export Promotion Council’s (NEPC) 3rd Annual Conference emphasized Nigeria’s drive to harness non-oil export potential as a cornerstone for national economic growth. Themed “Promoting Non-Oil Export for Rapid National Economic Growth,” the event gathered policymakers and industry leaders in Abuja to strategize on positioning Nigeria in the global trade arena. At the conference, […]
Empowering Nigeria’s Deprived Regions: Renewable Energy as the Key to Economic Transformation
The dinner session at the 30th Nigerian Economic Summit (NESG), held in collaboration with the Embassy of the Kingdom of the Netherlands, focused on the urgent need for renewable energy solutions to transform deprived communities in Nigeria. The session themed “Catalyzing Economic Transformation by Scaling Renewable Energy Solutions in Deprived Climes,” highlighted practical solutions to […]
Prioritizing Inclusion: Nigeria’s Path to Universal Clean Cooking Access
At the 2024 Nigerian Clean Cooking Forum, policymakers, private sector leaders, and civil society stakeholders converged to chart a transformative path towards ensuring clean cooking energy for all Nigerians. With over 180 million citizens still reliant on traditional fuels, the forum emphasized the urgent need for inclusive solutions, investment in innovation, and public-private partnerships to […]
Nigerian Vice President Calls for Investment Shift from Oil to Agriculture and Renewable Energy
At the inaugural Existing Foreign Directors Roundtable in Abuja, Vice President Kashim Shettima called for a significant transition from oil dependency to other critical sectors such as agriculture, manufacturing, and renewable energy, emphasizing their alignment with Nigeria’s Economic Recovery and Growth Plan (ERGP). Addressing a gathering of government officials, industry leaders, and foreign investors, Shettima […]
Nigeria can leverage on Renewables to Industrialize: Rep. Sam Onuigbo
Sponsor of the Nigeria Climate Change Act and former Member of the House of Representatives, Rep. Sam Onuigbo, has stated that renewable energy can provide the energy needed by the country to fully industrialize. Onuigbo emphasized this during a series of interventions he made during the 14th International Renewable Energy Agency (IRENA) Assembly, the IRENA […]
Nigeria is well-positioned to power the Clean Energy future of Europe and the world with its high-grade lithium deposits, Tinubu
Tinubu said that Nigeria has confidence in itself and that the confidence Nigerians gave him the courage to take difficult decisions on their behalf
Analysis: The Mass Exodus of Multinational Companies from Nigeria
The year 2023 witnessed a record exit of multinational companies from Nigeria. From Unilever to Nasco, over 10 companies providing labor in different sectors wound up in the year. The exit of these international manufacturers is a concerning trend that has implications for the country’s economic growth and employment levels. The reasons for their departure […]
Tackling Climate Change in Nigeria and Assessing the Country’s Climate Finance Landscape for Current Levels andFuture Prospects.
Climate change is a global challenge that affects every country, but it disproportionately impacts developing countries like Nigeria. The country has experienced the effects of climate change in the forms of threatened agriculture and food security, water stress, floods, droughts, rising sea levels and stressed ecosystem. From rising sea levels in the south to desertification […]
Debt-for-Nature Swaps and Their Potential to Address Nigeria’s Environmental Challenges
The finance concept of debt-for-nature swap has become increasingly popular in the past year as countries are looking for ways to simultaneously reduce their debts and preserve their environment. This concept was first implemented in 1987 as a swap between Bolivia, Costa Rica, Ecuador, and the NGOs in the United States. The swap was a […]