Business Economy Posted on

Finance Minister Drives Macro-Economic Reforms at NESG Summit

Author admin 0 122

 

In a steadfast commitment to advancing Nigeria’s economic trajectory under the Renewed Hope Agenda of President Bola Ahmed Tinubu, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has emphasized the critical importance of ongoing macro-economic reforms in shaping the nation’s economic future. Delivering a keynote address at the Nigerian Economic Summit Group (NESG) Conference in Abuja today, Minister Edun reflected on the 25 years of democracy in Nigeria, underscoring the imperative of continuous progress in governance and the expansion of economic opportunities.

Minister Edun highlighted several recent initiatives, notably the introduction of Nigeria’s first US dollar domestic bond, aimed at attracting Nigerian savings from abroad and channeling these funds into domestic economic growth. This innovative financial instrument is expected to play a key role in bolstering the economy by mobilizing external resources to fuel local development.

Addressing the agricultural sector, the Minister acknowledged the persistent challenges, particularly in curbing food inflation and enhancing food security. He reiterated the government’s unwavering commitment to these issues, emphasizing the importance of strategic planning and drawing lessons from successful international models to create sustainable solutions.

Minister Edun also commended the Nigerian Economic Summit Group for their pivotal role in fostering critical economic discussions that drive policy formulation and implementation. He reaffirmed President Tinubu’s dedication to advancing comprehensive economic reforms, which are designed to create a more resilient and inclusive economy.

The Minister’s address at the NESG Summit has reinvigorated Nigeria’s economic reform agenda, with a clear focus on attracting foreign investment, stabilizing the agricultural sector, and improving food security. As NESG continues to serve as a platform for essential economic discourse, the nation can anticipate a brighter economic future, driven by strategic planning, adherence to international best practices, and the Tinubu Administration’s resolute commitment to transformative economic policies.

Leave a Comment

Your email address will not be published.

You may also like

Autos Business Culture Economy Posted on

ROXETTES MOTORS Makes a Strong Impression on Dr. Uche Sampson Ogah, Former Minister, as He Orders BLAZE-X Pick-up on the Spot

Author admin 0 48
post-image

 

ROXETTES MOTORS, a leading innovator in Africa’s automotive sector, has gained further recognition following a visit by Dr. Uche Sampson Ogah, the former Minister for Mines and Steel Development, at his country home in Uturu, Abia State. During this exclusive meeting, Dr. Ogah took the opportunity to test drive the company’s flagship vehicle, the BLAZE-X Pick-up, and was so impressed with its performance and build quality that he immediately placed an order for multiple units.

Dr. Ogah’s decision to order the BLAZE-X on the spot highlights the vehicle’s exceptional design and engineering, reinforcing ROXETTES MOTORS’ commitment to providing high-quality vehicles that not only meet but exceed the expectations of their customers.

“We are deeply honored by Dr. Ogah’s trust in our product and craftsmanship,” said a spokesperson from ROXETTES MOTORS. “His endorsement strengthens our resolve to continue pushing the boundaries of what’s possible…

Read More
Announcements Art Business Culture News Opinion Tourism Travels Trends Posted on

Chidinma Vanessa Adetshina: A Journey of Grace, Grit, and Glory

Author admin 0 57
post-image

 

Chidinma Vanessa Adetshina has shown the world what it means to rise above the odds. From her humble beginnings in South Africa’s Miss Universe competition to becoming the first runner-up at the prestigious global event in Mexico, her story is one of resilience, courage, and faith.

When Chidinma first stepped into the spotlight, she faced unexpected criticism. A video meant to showcase her talent instead drew harsh judgment, sparking debates and backlash. Yet, even as voices grew louder against her, she quietly pushed forward, earning a spot in the Top 16. When the pressure became unbearable, she made the brave decision to step away—not out of defeat, but to protect her peace.

Then, fate took an extraordinary turn. Given the chance to represent Nigeria, Chidinma embraced the opportunity despite the storm of petitions and opposition that followed her inclusion. Through it all, she…

Read More
Business Culture Economy Education Environment Government International Opinion Security Tourism Travels Posted on

Opinion: Lessons from Rwanda and the Lingering Divide in Nigeria

Author admin 0 112
post-image

 

By Dr. Joseph Ogundu

Rwanda’s journey from the ashes of civil war to a thriving, unified nation is nothing short of remarkable. When the brutal conflict ended, the country’s leaders made a conscious decision to abandon ethnic identities and embrace national consciousness. They prioritized unity and cohesion, ensuring that ethnic differences took a back seat to the greater goal of building a progressive, harmonious nation.

The United States offers a similar lesson in the aftermath of its civil war. American leaders worked tirelessly to reconcile their divisions, fostering a collective national identity. Over time, this effort helped to create one of the most dynamic and tolerant societies in the world, where diversity is celebrated as a strength.

In stark contrast, Nigeria stands as an unfortunate example of what happens when national unity is neglected. After the civil war, instead of fostering reconciliation and unity, Nigerian leaders opted for sloganism over genuine nation-building….

Read More
Business Economy Posted on

Over $370 million secured in Engineering, Procurement, and Construction deals at Afreximbank’s Lagos workshop

Author admin 0 69
post-image

During the recently held African Export-Import Bank (Afreximbank) (www.Afreximbank.com) Intra-African Engineering, Procurement and Construction (EPC) workshop in Lagos participants formalised business deals totalling over US$370 million, a significant step towards empowering African contractors.

 

The deals, signed during the workshop held in Lagos on 28 October, included a US$300-million Global facility agreement to Hassan Allam of Egypt, a US$45-million term sheet to Pavifort Construction of Sierra Leone and a US$25-million term sheet to Afric Cement of Burkina Faso.

Organised to help address the significant gap in Africa’s infrastructure spending, currently standing at over $100 billion annually, which is traditionally awarded to non-African contractors, the workshop brought together key stakeholders to explore transformative solutions to empower African contractors to compete for and secure large-scale projects within the continent.

Addressing the participants, Ayman El-Zoghby, Director, Trade and Corporate Finance Unit in Afreximbank’s Intra-African Trade Bank, said that the Bank was actively…

Read More
Business Economy Investments Technology Trends Posted on

Liquid C2 builds on strategic partnership with Cloudflare to introduce enhanced cyber security solutions

Author admin 0 120
post-image

Liquid C2, a business unit of Cassava Technologies has further solidified its strategic partnership with Cloudflare. The latter has appointed Liquid C2 as the first distributor of their new range of cyber security products in South Africa, a testament to Liquid C2 expertise and trustworthiness in the industry. In addition to South Africa, the company will make the solutions available to its partners in Namibia, Zimbabwe and Zambia.

 

Through this partnership, we will enable our channel partner ecosystem through Cloudmania to expand their cyber security solution offering to their customers

With the new offering, Liquid C2 is set to deliver application services that provide security and performance solutions for web applications, network services that secure enterprise networking and zero trust services. The 2023 Cyber Security report from Interpol revealed a 23% year-on-year increase in the average number of weekly cyberattacks per organisation in Africa, underscoring the pressing need for…

Read More
Business Culture Economy Posted on

NDPC and Women in Cybersecurity Forge Path for Greater Inclusion in Data Protection

Author admin 0 57
post-image

 

In a groundbreaking step towards fostering collaboration and advancing the cause of data protection, the Nigeria Data Protection Commission (NDPC) welcomed a delegation from Women in Cybersecurity (WiCyS). The delegation, led by WiCyS President Patricia Eromosele, was received by Dr. Tolulope Pius-Fadipe, the Head of Research and Development at NDPC, who represented the National Commissioner/CEO, Dr. Vincent Olatunji, at the event.

The meeting, which took place at the NDPC’s headquarters, marked a momentous occasion in the growing synergy between data protection and women’s empowerment in the tech industry. Patricia Eromosele, speaking with passion and determination, shared an inspiring overview of WiCyS, a global non-governmental organization that has steadily grown to encompass over 10,000 members worldwide. The organization’s primary mission is to address the gender imbalance in cybersecurity and to create more opportunities for women to thrive in this critical field.

Patricia eloquently conveyed WiCyS’s vision of a more inclusive cybersecurity industry,…

Read More
Announcements Business News Opinion Technology Technology Trends Posted on

NCC’s New MVNO Licences Could Redefine Nigeria’s Telecom Industry

Author admin 0 146
post-image

 

Nigeria’s telecommunications industry is undergoing a significant transformation as the Nigerian Communications Commission (NCC) licenses 43 Mobile Virtual Network Operators (MVNOs). These operators, unlike Mobile Network Operators (MNOs) such as MTN or Glo, utilize existing infrastructure to provide specialized and often more affordable services tailored to consumer needs.

Importance of MVNOs

MVNOs bring much-needed competition to the telecom market, driving innovation and creating options for personalized service packages. They promote digital inclusion by providing low-cost data plans and targeting underserved communities. By optimizing unused bandwidth from MNOs, they reduce waste and maximize network efficiency.

Advantages for Consumers

  1. Affordable Services: MVNOs often offer more competitive pricing compared to traditional MNOs.
  2. Tailored Solutions: Packages can be customized for specific user groups, such as students…
Read More
Business Energy Posted on

NNPC Ltd Secures 10-Year Gas Supply Agreement with Dangote Refinery

Author admin 0 78
post-image

 

In a significant development for Nigeria’s industrial sector, the Nigerian National Petroleum Company (NNPC) Limited, through its subsidiary, NNPC Gas Marketing Limited (NGML), has successfully executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE. The agreement, signed by Barr. Justin Ezeala, Managing Director of NGML, and Aliko Dangote, President/CEO of the Dangote Group, took place at Dangote’s Corporate Head Office in Falomo, Lagos State.

The 10-year deal will see NGML supply Dangote Refinery with 100 million standard cubic feet per day (MMSCF/D) of natural gas, which will serve both as power generation fuel and as feedstock for the refinery’s operations in Ibeju-Lekki, Lagos State. The agreement outlines that 50 MMSCF/D will be a firm supply, with the remaining 50 MMSCF/D allocated as interruptible natural gas supply.

This strategic partnership aligns with President Bola Ahmed Tinubu’s policy to harness Nigeria’s vast gas resources to boost industrial…

Read More