AGP Executive Report
Last update: 10 hours agoOil and Gas: Nigeria has opened a 2026 licensing round for 40 blocks across onshore, shallow-water and deepwater areas. Bidders must disclose their ultimate owners as the country seeks fresh investment and higher production. Textiles: Industry stakeholders warn Nigeria loses up to ₦530bn a year to textile imports and are urging the government to operationalise the sector’s development board to preserve factories and support local cotton. Agriculture: Federal and state governments, alongside development partners, are working on a 10-year food-security plan focused on production, farmer livelihoods and stronger value chains. Power: Three transmission towers collapsed on the Karu-Keffi-Akwanga line after heavy rain, leaving feeders at Keffi and Akwanga substations unavailable while repairs are assessed. Manufacturing: Coleman is calling for tougher penalties for counterfeit cable makers, saying weak enforcement puts consumers and legitimate producers at risk. Renewable Energy: The Rural Electrification Agency and Stanbic IBTC have sealed a ₦100bn deal to support renewable energy.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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