AGP Executive Report
Last update: 8 hours agoLagos Flood Claims: Sanwo-Olu and Works Minister David Umahi dismissed social-media claims that the Lagos–Calabar coastal highway caused flooding, saying the road was built elevated to handle ocean surges and that heavy rain affected multiple states. Big Tech, Media Content: President Tinubu ordered the FCCPC to investigate Meta, Google (Alphabet), X and generative AI platforms over alleged anti-competitive conduct and unauthorised use of Nigerian media content. Vehicle Import Policy: Nigeria Customs cut import tariffs on used vehicles to 5% (from 15%) and new vehicles to 10% (from 20%) under 2026 fiscal measures. Digital Regulation Coordination: FG directed regulators to maintain the current status quo on internet platform and online intermediary regulation while a harmonised national policy is developed. Power Sector Performance: NERC reported Q1 2026 generation fell 9.6% and Discos lost N140.6bn to inefficiencies; it also said Togo, Benin and Niger paid only 27.57% of a $12.66m electricity bill. Downstream Petrol Pressure: Lokpobiri convened refiners, marketers and regulators to push cost-reflective PMS pricing as petrol remains “sticky” despite crude price moderation. Food & Fertiliser: Rice prices dropped across markets as supply improved, while FG distributed 80,640 fertiliser bags to 20,160 South-East smallholder farmers for the wet season. Manufacturing Education Push: Abia launched Nigeria’s first university innovation hub for manufacturing (Manu-Tech UniPod) to link higher education with enterprise and industrialisation. Energy & Finance: Oando posted N204.8bn profit for 2025 and targeted higher output in 2026; Standard Chartered and BlackRock launched an Asia Pacific multi-asset fund available in Nigeria. Environment: Go Green Nigeria urged stronger enforcement against single-use plastics as pollution worsens flooding and waterways.
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.