EconomicGrowth

Driving Sustainability: ARE Champions Circular Battery Management in Emerging Markets

The Alliance for Rural Electrification (ARE) is leading the charge for a greener Distributed Renewable Energy (DRE) industry, calling on stakeholders to adopt its groundbreaking Circularity Guideline. This initiative aims to establish high standards for managing end-of-life batteries, with a focus on quality, durability, warranties, maintenance, repair, and sound recycling practices. Organizations, companies, and other […]

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FG earmarks N127.27bn for agric intervention fund

The Federal Government has unveiled a plan within the proposed 2025 budget, allocating N127.27 billion to drive fertilizer production and enhance food security. This strategic intervention reflects the government’s renewed commitment to curbing inflation, bolstering farmers’ incomes, and ensuring sustainable food supply chains. According to details of the budget, Nigeria’s fertilizer sector is on the

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Nigeria, Saudi target deals in energy, agric sectors

President Bola Ahmed Tinubu and Saudi Crown Prince Mohammed bin Salman have agreed to explore ways to bolster Nigeria’s economy through energy, agriculture, and infrastructure.                        They also considered establishing a Nigeria-Saudi Business Council to drive bilateral ties between the two oil-producing nations. The two leaders resolved on these at the sidelines of the Joint Arab-Islamic

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Nigeria eyes 1,500MW renewable boost with new REA, Afnani MoU

The Rural Electrification Agency (REA) has signed a Memorandum of Understanding (MoU) with Anfani Energy Limited to catalyze funding and technological innovation for the implementation of 1,500MW renewable energy projects in the next three years. The Federal Government has already provided $ 750 million to attract $ 1.1 billion in funding from private investors for

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Federal Government to Empower 600,000 Farmers in Major Food Production Drive to Tackle Inflation

The Federal Government is scaling up efforts to boost food production. It plans to support 600,000 farmers in the cultivation of about one million hectares. It plans to promote the cultivation of wheat next month, and which planting of rice has been scheduled for January and February 2025. Speaking at the Nigerian delegation’s briefing at

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South West States Mull Farmer’s Mart To Tackle Food Insecurity

As part of measures to tackle the problem of food insecurity, South – West states have said they are considering establishing a farmer’s market, where farm produce will be sold at cheaper prices to the people. The Region’s president of the Chambers of Commerce, Industry, Mines and Agriculture, Chief Wole Akinwande, revealed this on Monday

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President Tinubu Praises NIPCO for Investments in Nigeria’s CNG Sector

In a statement made available today October 22, 2024 by Bayo Onanuga, the Special Adviser to the President on Information & Strategy said President Bola Ahmed Tinubu, GCFR has commended NIPCO for its significant investments in Nigeria’s Compressed Natural Gas (CNG) sector. During a meeting with the company’s executives at the State House in Abuja,

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Global Renewable Energy Jobs Surge to 16.2 Million in 2023, Report Finds

The global renewable energy sector saw a record-breaking increase in employment in 2023, reaching 16.2 million jobs, according to the latest Renewable Energy and Jobs, Annual Review 2024, jointly published by the International Renewable Energy Agency (IRENA) and the International Labour Organization (ILO). This represents an 18% rise from the 13.7 million jobs recorded in

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$8 Trillion Opportunity in Sustainable Cooling for Developing Economies, Says IFC and UNEP Report

Developing economies stand to benefit from an $8 trillion opportunity through the adoption of sustainable cooling solutions, according to a new report from the International Finance Corporation (IFC) and the UN Environment Programme (UNEP)-led Cool Coalition on 25th September 2024, New York. The report, titled Cooler Finance: Mobilizing Investment for the Developing World’s Sustainable Cooling

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AU 2063: Africa Seeks Visionary Leaders Ahead of the 2025 African Union Commission Elections

The election process of the African Union Commission Senior Leadership has kicked off with the call for interested candidates to submit, to their member states, their curriculum vitae, along with vision statements outlining how they intend to advance and deliver Africa’s Agenda 2063 through the implementation of the mandates and programmes of the #AfricanUnion. The

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