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    CBN to issue guidelines on contactless payment

    CBN disburses N173bn under 100-for-100 policy

    Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

    Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

    Can IPPs drive Nigeria’s power generation capacity?

    Can IPPs drive Nigeria’s power generation capacity?

    Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

    CBN: Achieving $200b non-oil export earnings

    Petrol may hit N800/litre on subsidy removal – Marketers

    Immediate subsidy removal portends danger to economy, stakeholders warn

    Olam, BATN, eight other exporters earn $100.88m in one month

    Import bill on manufactured goods falls 18.4% to N2.45trn

    Nigeria’s energy transition may gulp $410bn

    Nigeria’s energy transition may gulp $410bn

    As Dangote Sets Pace in Refinery Construction

    Dangote Refinery On March To Transform Nigeria’s Economy

    CBN to issue guidelines on contactless payment

    External reserves fall by $1.5bn in four months -CBN

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      CBN to issue guidelines on contactless payment

      CBN disburses N173bn under 100-for-100 policy

      Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

      Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

      Can IPPs drive Nigeria’s power generation capacity?

      Can IPPs drive Nigeria’s power generation capacity?

      Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

      CBN: Achieving $200b non-oil export earnings

      Petrol may hit N800/litre on subsidy removal – Marketers

      Immediate subsidy removal portends danger to economy, stakeholders warn

      Olam, BATN, eight other exporters earn $100.88m in one month

      Import bill on manufactured goods falls 18.4% to N2.45trn

      Nigeria’s energy transition may gulp $410bn

      Nigeria’s energy transition may gulp $410bn

      As Dangote Sets Pace in Refinery Construction

      Dangote Refinery On March To Transform Nigeria’s Economy

      CBN to issue guidelines on contactless payment

      External reserves fall by $1.5bn in four months -CBN

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        CBN to issue guidelines on contactless payment

        CBN disburses N173bn under 100-for-100 policy

        Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

        Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

        Can IPPs drive Nigeria’s power generation capacity?

        Can IPPs drive Nigeria’s power generation capacity?

        Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

        CBN: Achieving $200b non-oil export earnings

        Petrol may hit N800/litre on subsidy removal – Marketers

        Immediate subsidy removal portends danger to economy, stakeholders warn

        Olam, BATN, eight other exporters earn $100.88m in one month

        Import bill on manufactured goods falls 18.4% to N2.45trn

        Nigeria’s energy transition may gulp $410bn

        Nigeria’s energy transition may gulp $410bn

        As Dangote Sets Pace in Refinery Construction

        Dangote Refinery On March To Transform Nigeria’s Economy

        CBN to issue guidelines on contactless payment

        External reserves fall by $1.5bn in four months -CBN

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          CBN to issue guidelines on contactless payment

          CBN disburses N173bn under 100-for-100 policy

          Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

          Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

          Can IPPs drive Nigeria’s power generation capacity?

          Can IPPs drive Nigeria’s power generation capacity?

          Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

          CBN: Achieving $200b non-oil export earnings

          Petrol may hit N800/litre on subsidy removal – Marketers

          Immediate subsidy removal portends danger to economy, stakeholders warn

          Olam, BATN, eight other exporters earn $100.88m in one month

          Import bill on manufactured goods falls 18.4% to N2.45trn

          Nigeria’s energy transition may gulp $410bn

          Nigeria’s energy transition may gulp $410bn

          As Dangote Sets Pace in Refinery Construction

          Dangote Refinery On March To Transform Nigeria’s Economy

          CBN to issue guidelines on contactless payment

          External reserves fall by $1.5bn in four months -CBN

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            CBN to issue guidelines on contactless payment

            CBN disburses N173bn under 100-for-100 policy

            Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

            Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

            Can IPPs drive Nigeria’s power generation capacity?

            Can IPPs drive Nigeria’s power generation capacity?

            Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

            CBN: Achieving $200b non-oil export earnings

            Petrol may hit N800/litre on subsidy removal – Marketers

            Immediate subsidy removal portends danger to economy, stakeholders warn

            Olam, BATN, eight other exporters earn $100.88m in one month

            Import bill on manufactured goods falls 18.4% to N2.45trn

            Nigeria’s energy transition may gulp $410bn

            Nigeria’s energy transition may gulp $410bn

            As Dangote Sets Pace in Refinery Construction

            Dangote Refinery On March To Transform Nigeria’s Economy

            CBN to issue guidelines on contactless payment

            External reserves fall by $1.5bn in four months -CBN

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              CBN to issue guidelines on contactless payment

              CBN disburses N173bn under 100-for-100 policy

              Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

              Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

              Can IPPs drive Nigeria’s power generation capacity?

              Can IPPs drive Nigeria’s power generation capacity?

              Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

              CBN: Achieving $200b non-oil export earnings

              Petrol may hit N800/litre on subsidy removal – Marketers

              Immediate subsidy removal portends danger to economy, stakeholders warn

              Olam, BATN, eight other exporters earn $100.88m in one month

              Import bill on manufactured goods falls 18.4% to N2.45trn

              Nigeria’s energy transition may gulp $410bn

              Nigeria’s energy transition may gulp $410bn

              As Dangote Sets Pace in Refinery Construction

              Dangote Refinery On March To Transform Nigeria’s Economy

              CBN to issue guidelines on contactless payment

              External reserves fall by $1.5bn in four months -CBN

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                CBN to issue guidelines on contactless payment

                CBN disburses N173bn under 100-for-100 policy

                Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                Can IPPs drive Nigeria’s power generation capacity?

                Can IPPs drive Nigeria’s power generation capacity?

                Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

                CBN: Achieving $200b non-oil export earnings

                Petrol may hit N800/litre on subsidy removal – Marketers

                Immediate subsidy removal portends danger to economy, stakeholders warn

                Olam, BATN, eight other exporters earn $100.88m in one month

                Import bill on manufactured goods falls 18.4% to N2.45trn

                Nigeria’s energy transition may gulp $410bn

                Nigeria’s energy transition may gulp $410bn

                As Dangote Sets Pace in Refinery Construction

                Dangote Refinery On March To Transform Nigeria’s Economy

                CBN to issue guidelines on contactless payment

                External reserves fall by $1.5bn in four months -CBN

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                  CBN to issue guidelines on contactless payment

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                  Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                  Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                  Can IPPs drive Nigeria’s power generation capacity?

                  Can IPPs drive Nigeria’s power generation capacity?

                  Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

                  CBN: Achieving $200b non-oil export earnings

                  Petrol may hit N800/litre on subsidy removal – Marketers

                  Immediate subsidy removal portends danger to economy, stakeholders warn

                  Olam, BATN, eight other exporters earn $100.88m in one month

                  Import bill on manufactured goods falls 18.4% to N2.45trn

                  Nigeria’s energy transition may gulp $410bn

                  Nigeria’s energy transition may gulp $410bn

                  As Dangote Sets Pace in Refinery Construction

                  Dangote Refinery On March To Transform Nigeria’s Economy

                  CBN to issue guidelines on contactless payment

                  External reserves fall by $1.5bn in four months -CBN

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                  W’Bank commits $8.5bn to Nigeria, faults N6.7tn subsidy

                  Punch | August 5, 2022
                  W’Bank commits $8.5bn to Nigeria, faults N6.7tn subsidy

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                  The World Bank has committed $8.5 billion to Nigeria to fund critical issues ranging from agriculture to education.

                  Disclosing this on Thursday in Abuja during a summit organised by the Emergency Coordination Center, the World Bank Country Director to Nigeria, Shubham Chaudhuri, noted that the amount was the largest of any country.

                  He noted that it was still infinitesimal compared with the needs of Nigeria, stressing, however, that around $2.5 billion to $3 billion of the fund had been channelled towards education.

                  “Half of the population of Nigeria itself is less than 17 years old. This means there is a need to invest in human capital development,” he said.

                  He noted that the future of Nigeria depended  on the ability of the young people to go to school , stressing that it was important to make schools safe to ensure that fewer children were out of school.

                  He further said it was Nigeria’s call to determine how it would mobilise its financial resources to enable young Nigerians to go to school or whether its scarce resources would be used to subsidise petrol with over N6.5 trillion.

                  Africa’s most populous nation is mobilising N6.7 trillion for petrol subsidies at the expense of education and health. About 10.1 million children are out of school, according to the education ministry, but a report suggests it is up to 18.5 million.

                  Analysts have described Nigeria’s insistence on subsidies as financial indiscipline, noting that it would have adverse consequences on the Nigerian economy.

                  For Professor Jonathan Aremu, a former CBN Assistant Director and Senior Lecturer at Covenant University, subsidy distorted the market, making it difficult for products to find their real value.

                  “In economics, subsidy is always bad. Yes, quite a lot of people depend on fuel, which is why they have continued to subsidise petrol, but we don’t know how much is really spent on subsidy.”

                  He explained that the next government should not just remove subsidies, but also provide incentives that would alleviate the sufferings of Nigerians.

                  Professor of Energy Economics at Nnamdi Azikiwe University, Uche Nwogwugwu, said the removal of subsidy would be a step in the right direction.

                  However, he said removing petrol subsidy at the moment would cause untold hardship and social unrest for Nigerians, suggesting an alternative route Nigeria could take.

                  “It’s completely true that the burden is weighing and will continue to weigh on the economy. Some discrete facts are here to help save the country.

                  “The PIA has made NNPC a limited liability company that can seek profit. This is a good base for solving the subsidy. It is acknowledged that the nation has been subsidising consumption and now she wants to channel to production. Expanding the market locus to include neighboring countries of Cameroon, Ghana, Niger, Mali and Sudan where it is sold for about N300- N400 equivalent per liter will recoup all monies and also bring profit.

                  “It will also completely eradicate the activities of smugglers. Under Africa free trade charter, NNPC can sell to neighboring countries while giving the nation a breathing gap to solve the domestic disequilibria,” he suggested, noting that this could enable the country to fix the subsidy imbroglio.

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