By Ubong Usoro A group of Nigerian lawyers under the public interest firm Law Capitol has called on the Federal Capital Territory Minister, Nyesom Wike, to urgently address the growing number of abandoned housing estates in Abuja, including the long-vacant BUA Estate in Kado District. In a detailed petition sent to both the FCT Minister …
By Ubong Usoro In the wake of growing calls for the Federal Capital Territory Administration (FCTA) to convert abandoned estates into mass housing, development expert Prof. Timothy Nubi has warned against simplistic or forceful approaches to property management in Nigeria’s capitalist economy. In an exclusive interview with Pinnacle Daily, Prof. Nubi, a renowned professor of …
By Esther Ososanya Africa holds over $4 trillion in untapped domestic capital, much of which lies idle while the continent battles a massive infrastructure deficit, according to Mr. Samaila Zubairu, President and CEO of the Africa Finance Corporation (AFC). Zubairu issued this charge during a plenary session on Thursday at the ongoing 32nd Annual General …
By Esther Ososanya Former President Olusegun Obasanjo has delivered a searing critique of Africa’s development failures, blaming the continent’s stagnation on its dependency mindset, corruption, and a misfit political system. Speaking on Thursday at the 32nd Annual Meeting of Afreximbank in Abuja, Obasanjo lamented that despite vast resources and human capital, African nations remain stuck …
By Esther Ososanya The Minister of State for Finance, Dr. Doris Uzoka-Anite, has said Nigeria needs to strengthen its domestic revenue mobilisation capacity to support sustainable national development, particularly as global economies move away from reliance on commodities. Speaking on Tuesday in Abuja through Mrs. Ndidi Chineyolum, a director in the ministry, at the TaxADR …
Ubong Usoro The Chairman of the Nigerian Exchange Group (NGX Group), Alhaji (Dr.) Umaru Kwairanga, has called on West African countries to deepen regional cooperation to unlock the region’s untapped trade and investment potential. Speaking at the 2025 West Africa Economic Summit (WAES) in Lagos, themed “Unlocking Trade and Investment Opportunities in the Region,” Dr. …
By Esther Ososanya With inflation easing, revenues surging, and foreign investments making a comeback, the Federal Government says its bold economic reforms are beginning to pay off. Finance Minister, Wale Edun has assured Nigerians that President Bola Tinubu’s Renewed Hope Agenda is transitioning into a decisive growth phase focused on boosting productivity, creating jobs, and …
By Esther Ososanya Nigeria is bracing for a fresh surge in consumer prices as escalating hostilities between Israel and Iran send shockwaves through global commodity markets, pushing Brent crude toward US$130 per barrel. Though the oil rally promises windfall revenues for Africa’s largest producer, analysts warn that any fiscal boost could be eclipsed by a new wave …
By Esther Osansanya The Federal Government of Nigeria has called on African nations to harness the collective power of their sovereign wealth funds (SWFs) to drive transformative development, deepen regional integration and accelerate sustainable infrastructure delivery across the continent. Vice President Kashim Shettima made the call at the official opening of the 2025 Africa Sovereign …
The Federal Government has reaffirmed its commitment to tackling Nigeria’s infrastructure challenges through bold, transparent partnerships with the private sector. President Bola Ahmed Tinubu, represented by Vice President Kashim Shettima, made the call while declaring open the 2025 Nigeria Public Private Partnership (PPP) Summit in Abuja. Organised by the Infrastructure Concession Regulatory Commission (ICRC), the …
