AGP Executive Report
Last update: 11 hours agoEnergy Investment: Nigeria has recorded four gas-project final investment decisions in under two years, while daily gas output has risen from about 7bn to 8bn cubic feet, the presidential energy adviser said, citing reforms aimed at powering industry. Regional Expansion: Aliko Dangote says his group bought a 25% stake in Kenya Pipeline Company for about $327m, adding to plans for a 700,000-barrel-a-day refinery in Kenya. Trade and Agriculture: Nigerian cocoa exports to the US jumped from $21.7m in 2024 to $142m in 2025, but experts say ageing farms, costly finance and weak irrigation still limit production. Power Supply: Vice-President Kashim Shettima urged states to establish electricity markets, saying reliable power is vital to industrial growth; a workers’ strike has meanwhile caused blackouts across Edo, disrupting businesses. Local Industry: Mechanical engineers called for investment in home-grown technology and machinery to reduce import dependence. NBTI also announced a proposed $600m investment pipeline for Nigerian innovation.
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