Category: Development
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BAFCO Raises Alarm Over Fake Fertiliser in Bauchi
The Bauchi Fertiliser Company Limited (BAFCO) has warned farmers in the state to beware of counterfeit fertilisers being sold in local markets ahead of the 2025 farming season. In a statement released on Friday by BAFCO’s Public Relations Officer, Mr Rabiu Idris, the company’s Executive Chairman, Mr Kefas Magaji, expressed concern over the growing presence…
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Nigeria’s Poverty Rate to Increase by 3.6% by 2027- World Bank
The World Bank has warned that poverty in Nigeria is expected to rise by 3.6 percentage points by 2027. This projection was made in the Bank’s latest Africa’s Pulse report, which was released during the ongoing Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington, DC. The report highlighted that…
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NEC Approves Major Economic Revival Projects
The National Economic Council (NEC) has approved major initiatives aimed at reviving Nigeria’s economy. These include the establishment of the Green Imperative Project (GIP) national office in Abuja, along with regional offices across the six geopolitical zones of the country. The council also approved the formal launch of the National Agribusiness Policy Mechanism. The approval…
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Adesina Urges Stronger African Voice
The President of the African Development Bank Group (AfDB), Dr. Akinwumi A. Adesina, delivered the keynote address at the 14th Convocation Lecture of the National Open University of Nigeria (NOUN) in Abuja, urging African countries to strengthen their position in global development and international politics. The lecture, titled “Advancing Africa’s Positioning within Global Development and…
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FG to Receive First Batch of 3.2 Million Prepaid Meters in April
The Federal Government is set to take delivery of the first batch of 3,205,101 prepaid meters in April 2025 as part of efforts to close the metering gap in the country, according to the Minister of Power, Adebayo Adelabu. This initiative, which comes after years of challenges in the power sector, is part of the…
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IMF Urges Nigerian Government to Prioritize Protection of Poor Citizens Amid Economic Reforms
The International Monetary Fund (IMF) has called on the Nigerian government to ensure that its ongoing economic reforms prioritize the protection of the country’s most vulnerable citizens. The IMF, while acknowledging the challenges posed by the country’s economic situation, emphasized the importance of supporting the poorest Nigerians through targeted cash transfers and other social support…
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Umahi defends Lagos-Calabar Highway after Obasanjo’s attacks
The Minister of Works, Senator Dave Umahi, has denied allegations of corruption or favoritism in the award of the Lagos-Calabar Coastal Highway project to Hitech Construction Company Ltd. Speaking on Saturday during an inspection tour of the ongoing highway project in Lagos, Umahi clarified that President Bola Ahmed Tinubu did not recommend any contractor for…
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Nigerian Military Personnel Accused of Attacking Electricity Workers in Power Supply Dispute
In the early hours of March 14, 2025, Nigerian military personnel allegedly attacked electricity distribution workers in Badagry, Lagos State, for the second time in recent months, sparking concerns over the safety of workers in the power sector. The soldiers, reportedly from the 15th Field Engineers Regiment of the Nigerian Army, stormed the Eko Electricity…
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Senate Names China Development Bank as New Financier for Kaduna-Kano Rail Modernization Project
The Nigerian Senate has announced that the China Development Bank will now finance the much-awaited Kaduna-Kano rail modernization project, a significant step towards completing the project that has faced multiple delays in recent years. The railway line, a critical component of Nigeria’s railway modernization efforts, is expected to link Kano to Abuja, the nation’s capital,…
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Presidency: Tinubu Focused on Economic Development, Not 2027 Elections
The Presidency has strongly defended President Bola Tinubu, dismissing claims that he is already preparing for the 2027 general elections. According to a statement released by the Special Adviser to the President on Media and Public Communications, Sunday Dare, Tinubu’s focus remains on improving the country’s economy and the well-being of its citizens. The statement…