Economic analysts have outlined essential drivers needed to propel the country toward the $1 trillion GDP goal set by President Bola Tinubu’s government. Speaking on Monday at the eighth conference of the Independent Shareholders Association of Nigeria in Lagos, specialists agreed that reaching this ambitious economic benchmark demands stable regulations, stronger oversight of corporations, workforce…

Nigeria’s petroleum regulator urged energy companies to invest in northern territories that offer substantial commercial prospects despite concentrated activity in southern zones. Zainab Gobir, who directs economic regulation at the Nigerian Midstream and Downstream Petroleum Regulatory Authority, said population density and rising fuel demand across all geographic areas warrant expanded infrastructure rather than limiting operations…

An enterprise development organization teaches business owners methods for turning plant byproducts from farming operations into commercial merchandise ranging from consumable goods to cosmetics and containers. Desola Jimmy-Eboma leads the Small Scale Enterprises Lab, which targets waste reduction while expanding revenues from sources beyond petroleum exports. Research indicates agricultural systems globally discard between 30 and…

Anambra State topped a national assessment of fiscal health in 2025 after advancing from its runner-up position the previous year, according to an analysis by BudgIT that evaluated budget management across Nigeria’s 36 states. The organization ranked Lagos, Kwara, Abia, and Edo behind the southeastern state, which demonstrated strength in revenue generation, spending discipline and…

A telecommunications infrastructure operator cut fuel usage by nearly 50 million liters while equipping more than 6,000 towers with renewable power systems and linking almost 4,000 installations to electrical grids. IHS Nigeria outlined these achievements during a sustainability forum in Lagos, where representatives discussed collaborative strategies for meeting environmental targets through responsible network operations. Gimba…

Transport executives urged Nigeria to modernize its movement systems through technical advances and environmental responsibility to support economic expansion. Primero Transport Services Managing Director Fola Tinubu told reporters in Lagos that connecting communities and enabling commerce requires moving past conventional methods toward digital platforms. He advocated for partnerships between authorities and commercial operators to address…

The head of SMEFUNDS predicts renewable power will reshape farming and countryside economies throughout Nigeria and similar nations by establishing environmentally friendly energy infrastructure. Femi Oye pointed to data from the Clean Energy Trade and Emerging Markets Report showing developing regions accelerating adoption of green technologies while building local production capacity for solar equipment, batteries,…

Nigerian Breweries Plc aims to eliminate carbon emissions from manufacturing operations by 2030 through investments in clean power and efficiency upgrades. Corporate Affairs Director Uzodinma Odenigbo told reporters the brewing company allocated more than 2.5 billion naira toward its carbon reduction goals under the Brew a Better World sustainability framework. The firm signed multiple agreements…

Former Nigerian leader Olusegun Obasanjo highlighted Coleman Technical Industries Limited as an example of enduring business achievement during the wire and cable manufacturer’s golden anniversary celebration in Ogun State. He commended founder Solomon Onafowokan for establishing succession mechanisms that allowed the enterprise to flourish under his sons’ management while he remained alive. Obasanjo encouraged other…

Business executives and government representatives called for commercial enterprises to drive the implementation of the African Continental Free Trade Area during a gathering in Lagos. Speakers at the NEPAD Business Group Nigeria forum emphasized that achieving the accord’s $3.4 trillion potential requires entrepreneurial leadership rather than relying solely on diplomatic frameworks. Lagos Governor Babajide Sanwo-Olu…