Kogi State Governor Usman Ododo has said the Ajaokuta Economic City will be fully operational by the end of 2026. He made the statement during the historic handover of the licence for the Ajaokuta Free Trade Zone at the Nigeria Export Processing Zones Authority (NEPZA) headquarters in Abuja on Thursday, February 26. Governor Ododo described …
The Federal Government has entered into a cooperation agreement with the International Finance Corporation (IFC) aimed at accelerating the development of bankable infrastructure projects and attracting private sector investment into key sectors of the economy. The agreement was signed in Abuja on Wednesday by the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, …
Maintenance costs incurred by airlines in Nigeria are expected to reduce by over $200 million annually as the Federal Government, Boeing, and the UK-based Cranfield University partner to set up a world-class Maintenance, Repair, and Overhaul (MRO) facility in Nigeria. President Bola Tinubu, who made this known last week during the maiden Nigerian International Airshow, …
Nigeria has officially stepped onto the global stage as a strategic hub for rare earth minerals with the groundbreaking of Hasetins Group’s US$400 million rare earth and critical metals processing plant in Uke Karu Local Government Area, Nasarawa State. Set to become Africa’s largest hybrid rare earth facility, the plant will double Nigeria’s existing production …
The Federal Government has inaugurated a Government-Private Sector (GPS) Dialogue Series aimed at strengthening collaboration with the private sector to accelerate economic growth and expand financing opportunities for Small and Medium-sized Enterprises (SMEs). The initiative, launched on Saturday at the Radisson Blu Hotel in Ikeja, Lagos, forms part of the Renewed Hope Agenda and seeks …
By Esther Ososanya The Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Dr Olufemi Ogunyemi, receives a U.S. Congressional Commendation for transparency and economic reform. The commendation jointly presented by South Carolina Representative Rosalyn Henderson-Myers and Georgia Representative Dee Dawkins-Haigler comes as international recognition of Nigeria’s ongoing transformation of its Free Trade Zones (FTZs) …
