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Tag: President Bola Tinubu

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Tinubu proposes grid asset management firm to boost power transmission

President Bola Ahmed Tinubu has recommended the creation of a Grid Asset Management Company to tackle ongoing issues in Nigeria’s electricity transmission network. This was disclosed by the Minister of Information and National Orientation, Mohammed Idris, following the Federal Executive Council meeting on Wednesday at the Presidential Villa in Abuja. Idris stated that the president […]

Business

Tinubu orders immediate release of funds for Nigeria’s space assets

President Bola Ahmed Tinubu has directed the immediate release of approved funds for the upkeep of Nigeria’s space assets, in line with the National Space Policy and Programme. The directive was issued on Tuesday during the inaugural meeting of the National Space Council at the Presidential Villa, Abuja, with Vice-President Kashim Shettima representing the President. […]

Business

FG starts payment of outstanding capital funds

The Federal Government has begun disbursing funds for outstanding 2024 capital projects and fixed March 31, 2026, as the deadline for completing capital components under both the 2024 and 2025 budgets. This was revealed by the Special Adviser on Media and Public Communication to President Bola Tinubu, Sunday Dare, in a post on X on […]

Business

Tinubu calls for Africa-owned credit rating agency

President Bola Tinubu has urged the creation of an Africa-owned credit rating agency to address what he described as the continued mispricing of the continent’s risk by global financial markets. In an Op-Ed published in the Financial Times on Monday, the President warned that African nations are facing excessively high borrowing costs driven by flawed […]

Business

Tinubu approves commercial oil exploration at Tongeji Island, Ogun

President Bola Tinubu has given approval for the start of commercial oil exploration at Tongeji Island in Ipokia Local Government Area of Ogun State. Governor Dapo Abiodun made this disclosure on Thursday while hosting the Flag Officer Commanding, Western Naval Command, Rear Admiral Abubakar Abdullahi Mustapha, and other senior naval officers during a courtesy visit […]

Business

Tinubu approves Nigeria’s carbon market framework to boost green investment

President Bola Ahmed Tinubu has given formal approval to Nigeria’s Carbon Market Framework, a development expected to strengthen the country’s role in the global climate economy and attract billions of dollars in green investment. The Director General of the National Council on Climate Change, Mrs Omotenioye Majekodunmi, disclosed this while speaking to journalists in the […]

Business

Tinubu sets up committee to address contractors’ payment delays

President Bola Tinubu on Wednesday voiced “grave displeasure” over the backlog of unpaid federal contractors and announced the formation of a high-level committee to address the delays and ensure repayment. Briefing State House reporters after the Federal Executive Council meeting in Abuja, Special Adviser on Information and Strategy Bayo Onanuga said the President was “upset” […]

Business

Tinubu reaffirms commitment to Siemens Energy on power sector reforms

President Bola Tinubu has assured Siemens Energy of his government’s full commitment to improving Nigeria’s electricity supply and citizens’ welfare. President Tinubu made this disclosure on Monday in a meeting at the State House with a delegation from Siemens Energy, led by the Managing Director of Middle East and Africa, Dietmar Siersdorfer. Tinubu emphasized that […]

Telcos to receive $1bn network equipment in July — Minister
Business

Tinubu nominates Bosun Tijani as USPF board chair

President Bola Tinubu has requested the Senate to confirm the appointment of Bosun Tijani, Minister of Communications, Innovation, and Digital Economy, as Chairman of the Universal Service Provision Fund board. In a letter read during Wednesday’s plenary by Senate President Godswill Akpabio, Tinubu said the nomination complies with Section 116 of the Nigerian Communications Commission […]

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Tinubu orders temporary ban on raw shea nut exports

President Bola Tinubu has ordered a temporary suspension of raw shea nut exports. The Minister of Agriculture and Food Security, Abubakar Kyari, disclosed the directive on Tuesday. Kyari said the ban takes immediate effect, explaining that it is intended to encourage local processing and add value within Nigeria. He noted that the move reflects a […]

Petrobras returns to Africa, acquires blocks in Sao Tome and Principe
Business

Tinubu urges Petrobras return to drive economic growth

President Bola Tinubu on Monday called on Brazilian oil major Petrobras to resume operations in Nigeria, highlighting the company’s key role in harnessing the nation’s extensive gas reserves and boosting economic growth. Tinubu made the remarks after meeting with Brazilian President Luiz Inácio Lula da Silva at the Planalto Palace in Brasília, describing the Petrobras […]

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