AGP Executive Report
Last update: 11 hours agoEnergy Investment: Dangote has raised his Africa investment target to $70bn and plans to generate 10,000MW of power, while a US firm plans a $100m gas-processing plant in Bayelsa. Oil and Gas: NUPRC classified 13 of 28 wells near gas seepage in Rivers State as high or very high risk; Nigeria’s October oil output fell 1.7% to 1.51m barrels per day. Manufacturing: A proposed $1.8bn Ogun industrial park targets 29 factories and 15,000 jobs, as bakeries warn high energy and borrowing costs have forced many to close. Agriculture: FMN’s GAIL and the Bank of Agriculture are targeting 10,000 hectares of wheat across 13 states; a separate $33m deal aims to install 10,000 climate-smart greenhouses nationwide. Local Production: The government plans to invest $1bn in pharmaceuticals in 2027, while manufacturers have received N24bn in drug-production tax waivers. Digital Economy: Nigeria’s mobile subscriptions have crossed 200 million, with MTN reporting a base of 104.6 million.
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