AGP Executive Report
Last update: 10 hours agoLocal Manufacturing: Federal agencies must buy vehicles from licensed Nigerian assemblers under the Nigeria First Policy; foreign-built purchases require presidential clearance. Fuel Costs: UNCTAD says Nigeria recorded the world’s steepest diesel price rise, 82.7% from February to August, while petrol rose 48.1%. PETROAN wants at least 30% of NNPC’s discounted petrol allocated to independent marketers to widen access. Rice Market: The government and processors are at odds over prices, with officials seeking N55,000–57,000 per 50kg bag against market prices of N60,000–67,000. Oil and Gas: Crude output reached 1.821 million barrels per day in September; regulators are targeting 788,000 bpd of shut-in production and have opened 40 blocks for licensing. Power: A new ministerial committee will coordinate efforts to curb vandalism of electricity infrastructure, which drives outages and repair costs. Agribusiness: Nigeria’s oil palm association head, Alphonsus Inyang, has been elected to lead the global coalition of oil palm smallholders.
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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