President Bola Tinubu has tasked specialised tertiary institutions and research institutes in Nigeria to fulfil the mandate of their establishment to develop homegrown solutions to tackle the challenges facing Nigeria. Tinubu, who emphasised that the institutions were established as solution-providers and problem-solvers to local and national problems, urged the private sector to collaborate with researchers…

The Federal Government (FG) has promised to work more closely with the private sector to actualize its eight priority areas. The Vice President, Senator Kashim Shettima, stated this at the closing ceremony of this year’s Nigerian Economic Summit (NES#30) in Abuja yesterday. The Vice President, who was represented by the Minister of Budget and Economic…

Now, the sad reality with Nigeria is not that these three legs have been paralysed. The sad reality is that these three legs have been amputated by habitually bad judgment on the part of those who hold the reins of state.

The Minister of Information and National Orientation, Mohammed Idris, stated that the N494,000 national minimum wage demanded by organised labour, which totals N9.5 trillion annually, could destabilise the economy and jeopardise the welfare of over 200 million Nigerians. Idris made this statement at a news conference in Abuja, addressing the threat by organised labour to…

The President of the Manufacturing Association of Nigeria (MAN), Mr. Ajayi Kadri, has confirmed that the organised private sector has agreed with the federal government that the new minimum wage should be N60,000. Kadri disclosed this during an interview with Channels TV on Saturday in Abuja. The MAN president explained that the ongoing negotiations between…

A recently commissioned report by the London Development Agency showed that the Notting Hill Carnival contributes up to 93 million pounds each to London’s economy and supports the equivalent of 3,000 full-time jobs. Similarly, an independent economic commission’s report revealed that the Formula 1 race weekend in Miami generated $449 million for the local economy.…

The Nigeria Labour Congress (NLC) and the Trade Union Congress’s (TUC) middle-ground proposal of N615,000 national minimum wage is ambitious. But much more herculean is the likelihood of compliance by states and the private sector that struggled with the now outdated N30,000 benchmark, GLORIA NWAFOR report The agitation for a new national minimum wage, particularly…

The Chartered Institute of Bankers of Nigeria, Dr Kenneth Opara, has stated that the private sector plays a pivotal role in climate change, especially in unlocking new growth opportunities, job creation and sustainable agriculture.

President Bola Tinubu has set up a tripartite Economic Advisory Committee, comprising the Federal Government, sub-nationals and the private sector as part of efforts at stabilising the economy.