Nigeria Scores 54.2 in First Institutional Capacity Index

Nigeria Scores 54.2 in First Institutional Capacity Index

The Capacity Institute has published Nigeria’s inaugural Capacity Index, scoring the country 54.2 out of 100 for institutional execution. The report ranks the nation as a structurally constrained execution system. Policymakers routinely draft ambitious economic plans only to watch them stall during implementation. Weak inter-agency coordination continues to undermine state interventions across critical sectors. Execution…

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FG Settles N333bn Debt Owed to Power Firms

FG Settles N333bn Debt Owed to Power Firms

The Federal Government has paid N333 billion to clear verified legacy debts owed to eight electricity generation companies. The cash disbursement covers 17 individual power plants across the country under the Presidential Power Sector Financial Reforms Programme. State administrators finalized the payout to relieve severe illiquidity across the domestic power value chain. The transaction completes…

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European Bank Unveils Billion-Dollar Strategy for Nigeria

European Bank Unveils Billion-Dollar Strategy for Nigeria

The European Bank for Reconstruction and Development has announced plans to invest at least 1.5 billion dollars in Nigeria over the next three years. The multilateral lender launched its Lagos office this week, marking its first operational base in Sub-Saharan Africa. Directors cited stabilizing macroeconomic reforms, improving foreign exchange liquidity, and a growing pipeline of…

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Nigeria, UNICEF Launch 2050 Child Development Framework 

Nigeria, UNICEF Launch 2050 Child Development Framework 

The federal government and the United Nations Children’s Fund have launched a long-term development framework to address the welfare of Nigerian children by 2050. The initiative aims to tackle the chronic out-of-school crisis and build systemic capacity for future generations. Coordinated by the Office of the Vice President, the programme introduces strategic foresight tools into…

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US Bombards Iran Following Fatal Troop Attacks

Pentagon Recalls Counter-terrorism Troops from Lake Chad

The United States has withdrawn the majority of its military personnel from Nigeria following a high-profile, short-term counterterrorism mission in the Lake Chad Basin. General Dagvin Anderson, Commander of US Air Forces in Europe-Air Forces Africa, confirmed the troop departure during a virtual briefing on Thursday. The temporary deployment achieved its tactical objectives, leading to…

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Nigeria Leads African Economy but Lags Globally - IMD

Nigeria Leads African Economy but Lags Globally – IMD

Nigeria has retained its position as Africa’s largest economy while slipping further down international competitiveness rankings. The latest Global Competitiveness Report highlights a stark divergence between raw economic size and systemic productivity. The country outperformed continental rivals in gross domestic product, largely driven by resilient service sectors and a massive domestic market. However, severe infrastructural…

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FG to Issue N729bn Power Debt Bond

FG Slashes Vehicle Import Tariffs by 67%

The federal government has drastically reduced customs duties on imported vehicles by up to 67 percent to ease economic hardship. The unexpected policy shift targets commercial buses, passenger cars, and essential transport trucks arriving at national seaports. The Comptroller-General of the Nigeria Customs Service confirmed that the directive takes immediate effect across all entry points….

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FG Settles N333bn Debt Owed to Power Firms

FG Woos Private Capital for $1trn Target

The federal government has called for an aggressive influx of development finance and private capital to achieve its ambitious $1 trillion economic target. Vice-President Kashim Shettima made the appeal during a high-level financial summit in Abuja on Thursday. The administration argues that public revenue alone cannot fund the massive infrastructure deficit blocking national growth. Officials…

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