AGP Executive Report
Last update: 11 hours agoPower & Utilities: NERC has approved ₦30bn for free prepaid meters, prioritising unmetered Band A and B customers; DisCos will handle installations, with no public sign-up portal announced. Public Finance: Tinubu is seeking House approval to implement ₦10.79tn in external borrowing already included in the 2026 budget. Agriculture: The World Bank approved a $500m loan for climate resilience and land restoration across 19 northern states and the FCT, targeting 1.4m hectares and 6.6m people; Nigeria’s World Bank debt has risen to $20.73bn. Oil & Gas: October output averaged 1.687m barrels a day including condensate, while crude alone reached 1.51m barrels a day—meeting Nigeria’s OPEC quota for a sixth straight month despite a monthly dip. Business Finance: Afreximbank will channel $75m through the Development Bank of Nigeria to finance SMEs, including creative-sector businesses. Infrastructure: UK-backed plans aim to mobilise $750m from Nigerian pension funds for infrastructure investment. Manufacturing: The Manufacturers Association of Nigeria has launched an energy-cost reduction programme as manufacturers’ power bills reach ₦1.35tn.
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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