The Nigerian Economic Summit Group (NESG) has called on government, industry leaders, and stakeholders to consolidate recent economic stabilisation gains, warning that stability alone is insufficient to deliver prosperity. Speaking at the launch of the 2026 Macroeconomic Outlook, on Thursday in Lagos. the NESG Chairman, Mr Niyi Yusuf, said Nigeria had emerged from one of the most challenging adjustment periods in its recent economic history. He said the focus must now shift to translating stability into inclusive growth. The theme of the programme was “Consolidating Economic Stabilisation Gains: Pathway to Sustainable Growth in Nigeria,” Yusuf said that the economy grew…
Author: Newsdesk
Nigeria has been removed from the European Union’s list of high-risk jurisdictions, a move expected to ease trade, payments and investment flows between the country and Europe. Business Insider reports on Wednesday that the European Commission confirmed that Nigeria, alongside South Africa, Burkina Faso, Mali, Mozambique and Tanzania, had strengthened its AML/CFT regimes and no longer posed “strategic deficiencies” under EU assessment standards. The commission noted that the affected countries had implemented reforms that brought their financial systems in line with international standards set by the FATF. Reacting to the development, the Minister of State for Finance, Dr Doris Uzoka-Anite,…
The Nigeria Revenue Service (NRS) has clarified which transactions and services attract Value Added Tax (VAT) under Nigeria’s new tax law, dismissing claims that fresh VAT burdens have been imposed on Nigerians. In a statement issued on Thursday by the Special Adviser on Media to the NRS Chairman, Dare Adekanmbi, the service said the Nigeria Tax Act did not introduce VAT on banking services but only reinforced existing provisions under the long-standing VAT regime. According to the NRS, VAT applies strictly to fees, commissions, and charges for services rendered by banks and other financial institutions, including electronic transfer fees, USSD…
The Federal Government, through the National Agency for Science and Engineering Infrastructure (NASENI), has commenced the construction of a state-of-the-art Agricultural Incubation Centre at the University of Abuja, Gwagwalada, to enhance food security and innovation. The project, located on a 10-hectare parcel of land on the campus, is designed as a technology-driven, commercial agricultural hub integrating poultry production, aquaculture, crop cultivation and research-based innovation which, when completed, is expected to serve as a model facility for replication across the six geopolitical zones. The Centre comprises an agribusiness training and incubation centre; three commercially sustainable production centres for broiler and layer…
The Renevlyn Development Initiative (RDI), in collaboration with Foodjustice, on Thursday trained Nigerian journalists in Lagos on effective reporting of the Planetary Health Diet to drive policy action. Speaking at the training, the Executive Director of RDI, Mr Philip Jakpor, said the media plays a strategic role in shaping public understanding and influencing policymakers on health, food systems and environmental sustainability. Jakpor described the Planetary Health Diet as a science-backed dietary pattern that promotes human health while protecting the environment, with an emphasis on plant-based foods and reduced consumption of red meat and processed foods. He noted that despite its…
The Federal Government has urged Nigerian farmers to drive an agricultural revolution through local processing and export-oriented production to accelerate economic diversification. The Deputy Speaker of the House of Representatives, Mr Benjamin Kalu, made the call on Thursday in Abuja while delivering the opening address at the General Assembly of the All Farmers Association of Nigeria (AFAN). The General Assembly of Farmers (GAF) serves as a national platform to strengthen collaboration among farmers, government, private sector actors and development partners, while reinforcing AFAN’s role as a unified national voice for farmers. Kalu said the Federal Government, under President Bola Tinubu’s…
The Child Health and Mortality Prevention Surveillance (CHAMPS) project at Abubakar Tafawa Balewa University (ATBU), Bauchi, has called on stakeholders to intensify pregnancy surveillance to reduce maternal mortality and improve child health outcomes. The call was made by the project’s Principal Investigator, Dr Faruk Bashir, at the second-quarter Community Advisory Board (CAB) meeting held on Thursday in Bauchi. Bashir said the meeting reviewed project challenges and explored practical strategies to strengthen collaboration for more effective community health outreach. According to him, CAB members include traditional and religious leaders, women and youth groups, civil society organizations, academics and government agencies. “They…
The International Institute of Tropical Agriculture (IITA) and the Federal Ministry of Agriculture and Food Security (FMAFS) have signed a Memorandum of Understanding (MoU) to improve soil health, fertilizer efficiency and farm productivity in Nigeria. Speaking on Thursday in Abuja, the Director-General of IITA, Dr Simeon Ehui, said the MoU supports the Nigeria Farmers’ Soil Health Scheme and the development of a national soil information system. Ehui explained that the agreement builds on ongoing initiatives that promote precise soil testing and crop-specific fertilizer recommendations, aimed at achieving sustainable intensification and climate-resilient farming across the country. According to him, the MoU…
The Africa Centres for Disease Control and Prevention (Africa CDC) has reported that cholera remains Africa’s most pressing epidemic challenge, with 323,307 cases and 7,352 deaths recorded across 24 countries in 2025. Cholera is a severe diarrheal disease caused by the bacterium Vibrio cholerae, which spreads primarily through contaminated water or food. Infected individuals can suffer from severe dehydration and death if untreated. Prof. Yap Boum II, Deputy Incident Manager for Mpox at the Africa CDC Incident Management Support Team (IMST), disclosed this on Thursday in Abuja during a continental health webinar briefing, where he reviewed the status of major…
Experts in pharmacy have urged newly inducted pharmacists at Igbinedion University, Okada, Edo State, to serve as bridge builders in healthcare practice. The call was made during the 15th induction and oath-taking ceremony of the university, where 149 pharmacy graduates were officially licensed. Delivering the induction lecture, Mr Bankole Ezebuilo, Managing Director of Kayhelt Pharmaceuticals Ltd, urged the inductees to combine scientific expertise with compassion and professionalism. Ezebuilo, who is also the Chairman of the Association of Industrial Pharmacists of Nigeria, stressed that modern pharmacy practice extends beyond drug dispensing to connecting research, manufacturing, regulation, and patient care. According to…