Adekunle Munir

The federal government has endorsed a proposal by Airbus to establish aircraft maintenance and hangar facilities in Nigeria as part of efforts to strengthen

Fakolade said stakeholder training commenced in February across Lagos, Abuja, Port Harcourt and Kano to prepare MDAs and private-sector operators for effective use of the system.

The Abuja Chamber of Commerce and Industry (Abuja Chamber of Commerce and Industry) has called on the federal government to suspend penalties on late tax filings for up to two years, giving businesses time to adjust to Nigeria's new tax laws and compliance systems.

African countries have been urged to move beyond repetitive pilot programmes and focus instead on scaling up proven development models to drive inclusive

Nigeria's telecommunications sector has recorded a sharp 91 percent decline in foreign investment, falling to $7.24 million in the first quarter (Q1) of 2026 from $80.78 million in the same period of 2025, according to the National Bureau of Statistics (NBS).

The minister of finance and coordinating minister of the economy, Mr. Taiwo Oyedele, disclosed the initiative on Monday at the opening of the Invest Lagos 3.0 Summit.

Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, described the retreat as an important platform for strategic reflection and collaboration, while commending participants for their contributions throughout the exercise.

Cooperative societies have called on the federal government to establish a Cooperative Development Commission (CDC), to strengthen regulation, improve governance and address longstanding challenges affecting the country's cooperative movement.

The federal government has announced plans to phase out electricity subsidies from 2027 as part of reforms aimed at restoring financial sustainability to Nigeria's power sector.

He added that the combined value of the real estate and construction sectors exceeded N77 trillion in 2025, highlighting the industry's growing importance to the economy.