17th January, 2022

Nigeria rations 2,500MW over vandalisation of gas-fired plants: As President Muhammadu Buhari and stakeholders in the nation’s power sector deliberate on what becomes of electricity with the current administration winding down, attacks on gas pipelines are becoming a new normal leading to shutdown of power plants
Electricity priority part of FG’s investment in infrastructure – Minister:The Minister of Power Engr Abubakar Aliyu says the federal government’s investment in Nigeria’s electricity is yielding results with improved grid and priority on completion of all ongoing power projects
Nigeria Remains in Darkness Despite NERC’s Approval for Over 2,000MW Power Projects in One Year: Despite the approval of licenses, renewal of new ones and granting of permits covering about 43 power generation projects, amounting to over 2,000MW, in the last one year, not much improvements have been recorded in the electricity generation and supply
Nasarawa begins construction of N30bn technology village: The Nasarawa State government says it has begun the construction of a technology village, which will cost N30bn, in a bid to ensure that residents of the state improve on their knowledge of Information and Communication Technology
$36bn needed to connect Nigeria by rail- Rotimi Amaechi: The Minister of Transportation, Rotimi Amaechi, has revealed that he needs $36bn to connect the entire nation by rail
World Bank projects Nigeria’s economy to grow by 2.5% in 2022: The World Bank has forecasted that Nigeria’s economy is expected to grow by 2.5% in 2022 and 2.8% by 2023
Lagos tops as Foreign Capital Importation Increases to $1.73bn in Q3: The total value of capital imported into the country in the third quarter of last year (Q3, 2021) stood at $1.73 billion, representing 97.73 per cent increase compared to the $875.62 million recorded in the preceding quarter
Nigeria’s debt stock hits N39.6tn in 11 months – Reports: The Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in her presentation of the 2022 approved budget, disclosed that the government borrowed N6.7tn between January and November 2021
Workers, retirees kick as FG plans N620bn loan from pension funds: The Federal Government is planning to source $1.5bn (N620bn) loan from pension funds to support its proposed N7.73tn investment in transport infrastructure over the next five years