Nigerian economy

Low oil production threatens 2024 budgeted revenue

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Low oil production threatens 2024 budgeted revenue

The Nigerian government has said its ability to achieve the 2024 budgeted revenue step-up of 77.4 per cent from 2023 is at risk should oil production remain 27.0 per cent below budgetary provisions. The government disclosed this in a draft copy report of the Accelerated Stabilisation and Advancement Plan (ASAP) presented to President Bola Tinubu … Read more

Nigeria records $30bn Foreign Direct Investment in nine months

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Nigeria records bn Foreign Direct Investment in nine months

President Bola Tinubu says his nine month-old administration has attracted $30 billion Direct Foreign Investment commitments to shore up the Nigerian economy. Mr Tinubu said this at the 2023 Leadership Annual Conference and Award on Tuesday in Abuja. The event, with the theme, “An Economy in Distress: The Way Forward,” was organised by the Leadership … Read more