“Nigeria Will Be a Steel Giant by 2030!” — Tinubu Sets 10 Million Tonnes Target President Bola Ahmed Tinubu has set an ambitious vision for Nigeria’s industrial future — producing 10 million tonnes of liquid steel annually by 2030. The President pledged that his administration will transform Nigeria into a steel powerhouse, boosting industrialization, creating thousands of jobs, and reducing reliance on imports. This vision, he says, will be a cornerstone of the nation’s economic growth and self-reliance. With strategic investments in infrastructure, mining, and manufacturing, Tinubu believes the steel sector can become the bedrock of Nigeria’s industrial revolution, powering everything from construction to technology. #Tinubu #SteelPower #Nigeria2030 #IndustrialRevolution #MadeInNigeria #EconomicGrowth

Neglecting the Niger Delta? Ex-Lawmaker Blasts Amaechi, Backs Lagos–Calabar Coastal Road Hon. Oghene Egoh, a former member of the House of Representatives, has accused ex-Minister of Transportation Rotimi Amaechi of sidelining the Niger Delta during his tenure. Egoh alleged that Amaechi placed more importance on constructing a railway to Niger Republic than on delivering vital infrastructure projects in the South-South region. Speaking in Lagos while responding to Amaechi’s criticism of the Lagos–Calabar coastal road project, Egoh defended the initiative, calling it a “transformational” venture capable of boosting trade, strengthening interstate relations, and stimulating economic growth. Amaechi, a former presidential aspirant, had reportedly labelled the coastal road project “fraudulent” and vowed to scrap it if he became president. Egoh, who joined the All Progressives Congress (APC) in 2024, also commended President Bola Tinubu’s policies, including the fuel subsidy removal, expressing confidence that they would yield lasting benefits despite current economic challenges. #NigeriaPolitics #Amaechi #NigerDelta #LagosCalabarCoastalRoad #BolaTinubu #APC #EconomicGrowth

Private Sector Booms: Nigeria Sees Fastest Job Growth in Nearly Two Years as Economy Rebounds Nigeria’s private sector opened Q3 2025 on a high note, recording the fastest rate of job creation since October 2023, according to the Stanbic IBTC Purchasing Managers’ Index (PMI). The PMI jumped to 54.0 in July, up from 51.6 in June — the strongest business performance since April — reflecting surging output, rising demand, and easing inflation. > "Firms ramped up hiring to meet project deadlines and growing customer orders," the report revealed. Improved customer demand, supported by product innovation and better price stability, sparked a boost in purchasing activity and inventory buildup. Though raw material costs and naira depreciation kept input prices high, businesses managed to ease output price inflation and even offer discounts. Staff wages surged — the sharpest rise in five months — as employers sought to cushion workers from rising living costs, especially transportation. Despite slightly lower optimism compared to June’s three-year high, firms remain hopeful, driven by capital expansion and smart marketing strategies. #NigeriaPMI #EconomicGrowth #JobCreation #PrivateSectorBoom #StanbicIBTC #BusinessOutlook #Q32025

GDP Growth Not Enough If Nigerians Remain Unhappy — Rewane Renowned economist Bismarck Rewane has warned that Nigeria's economic progress must translate to real benefits for ordinary citizens, saying, “Happy statistics and unhappy people is not the goal.” His comment follows recent reports by the National Bureau of Statistics (NBS) that GDP grew by 3.13%, and the Central Bank of Nigeria (CBN) retained the interest rate at 27.5%. Rewane supported the CBN’s cautious approach but stressed that despite some economic gains—such as a marginal Naira appreciation and reduced logistics costs—the average Nigerian still faces high inflation and food insecurity. Citing rising prices of essential goods like rice, pepper, and transport, he argued that inclusive growth, job creation, and poverty reduction must take priority. He emphasized that for Nigeria to reach its $1 trillion economy target by 2030, growth must be both faster and people-centered. Rewane urged policymakers to “think outside the box” and focus on distributing economic gains to reduce hardship nationwide.#BismarckRewane #NigeriaGDP #CBNInterestRate #InflationInNigeria #FoodPrices #EconomicGrowth