AGP Executive Report
Last update: 10 hours agoEnergy & Oil Sector Reforms: Minister Heineken Lokpobiri says Tinubu’s reforms have lifted Nigeria’s crude output by over 80% to 1.824m bpd (with condensate), as more rigs and seismic activity return. Gas Infrastructure & Power Supply: NEC approved N185bn to clear validated legacy gas debts, with OB3 pipeline fully completed (2 bcf/day) and AKK gas pipeline ~95% done—aimed at stabilising gas for power plants. Downstream Competition: Reports say Dangote Refinery’s growing market share is forcing depot suppliers to cut prices, even as marketers still face high costs and weak demand. FX & Markets: The naira slipped 93 kobo to N1,330.09/$1 at NAFEM; NGX equities closed bearish, losing N262bn as profit-taking hit banks and consumer stocks. Trade & Industrial Policy: Dangote Group urged Nigeria to boost domestic production, cut import dependence and expand exports to build resilience, while a separate focus piece asks why Nigerian products struggle to break into global markets despite strong raw materials. Transport & Logistics: Lagos, Kwara, Ekiti, Plateau and Enugu are rolling out CNG buses and subsidised transport, but implementation remains uneven. Mining & Safety: Solid minerals push continues amid calls to end illegal mining; NUMW backs SMDF-EMERGE funding, while reports highlight ongoing child labour risks in mining communities. Digital Governance: CSOs demand an independent probe into unexplained TikTok disruption in northern Nigeria. Agriculture & Jobs: Bauchi plans agro-road networks to connect smallholders to markets under RAMP, and FG targets jobs from modern abattoirs. Education & Skills: Ogun signed the Education and Skills Trust Fund Bill; education stakeholders warn Nigeria’s learning crisis is worsening.
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