AGP Executive Report
Last update: 9 hours agoSugar Production: Nigeria’s 10-year, $7.1bn plan aims to lift annual output above two million tonnes, cut imports and create 110,000 jobs. Capital Markets: OPay shareholders approved a secondary listing on the NGX after its planned US IPO, opening the fintech to more local investors. Manufacturing: Firms spent more than N3tn on alternative energy in three years, while backward integration lifted manufacturing investment 102% to N1.33tn. Oil and Gas: NUPRC is targeting 788,000 barrels a day of shut-in production for restoration and says new licences could add 500 million barrels to reserves. Local Industry: The government targets raising local vehicle production from below 8% to 70% and has ordered ministries to buy Nigerian-assembled vehicles. Logistics: The Nigerian Ports Authority plans to assess rail and logistics needs at Dala and Funtua inland dry ports.
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