AGP Executive Report
Last update: 11 hours agoTelecom Infrastructure Crisis: MTN Nigeria CEO Karl Toriola says Nigeria suffers more fibre cuts daily than Saudi Arabia yearly, blaming vandalism and uncontrolled road construction, plus unstable power that forces generators at base stations. Fuel Market Watch: Dangote Petroleum Refinery cut petrol ex-depot price by N50 to N1,075/litre (fourth cut in a month), saying it’s passing lower crude costs to consumers while still processing higher-priced inventories. Construction Costs: Dangote Cement chairman Emmanuel Ikazoboh links persistently high cement prices to energy costs and FX pressure, with 50kg bags reportedly ranging ₦9,500–₦13,000. Power Sector Skills: FG launched “Power Force” to train 5,000 meter installers/technicians to speed smart metering, cut estimated billing, and improve revenue collection. Clean Cooking Push: Government inaugurated the National E-Cooking Steering Committee and set a policy framework to scale e-cooking adoption for a cleaner energy transition. Solid Minerals Industrialisation: Tinubu inaugurated a 6,000MT/day lithium processing plant in Nasarawa, creating 1,000 direct and 2,000 indirect jobs, as Nigeria doubles down on local processing. Oil Contractor Financing: Shell and nine Nigerian banks launched a $3bn contract finance facility to fund local oil and gas contractors in naira and dollars. Banking Impact: Bank of Industry says it disbursed N645bn in 2025, creating 1.68m jobs and funding 12,501 businesses. Energy Diplomacy: Nigeria was admitted into the International Energy Agency as an Association member, covering over 80% of global energy demand.
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