AGP Executive Report
Last update: 7 hours agoFederal Finance & Economy: Nigeria’s FEC approved financing packages of $2.96bn, €200m and ₦215bn for transport, agriculture, power, infrastructure and MSMEs under the Renewed Hope Agenda, including ₦215bn to complete the Presidential CNG initiative (CNG buses, EVs, tricycles and conversion centres). Fuel Price Pressure: Finance Minister Taiwo Oyedele said marketers are slow to cut pump prices when crude falls because of higher-cost inventories, while regulators (FCCPC and NMDPRA) are pushing for fairer pass-through under the Petroleum Industry Act. Power & Energy: Eko Electricity reported a major Lagos blackout after losing supply from the national grid, while the wider push for solar mini-grids continues. Agriculture & Food Security: A new warning says farmers face a tough planting season as insecurity, higher costs and delayed support squeeze production. Governance & Accountability: SERAP issued a seven-day ultimatum to Nigeria’s National Assembly leadership over alleged diversion of ₦6.3bn constituency funds, urging referral to anti-corruption agencies. Niger State Business/Community: Niger State flagged rising drug abuse and said NDLEA staffing is inadequate to cover hotspots. Regional Trade/Logistics: Traders in Onitsha are increasingly looking for warehouses along the Second Niger Bridge corridor to ease congestion and speed cargo movement.
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