AGP Executive Report
Last update: 10 hours agoDangote Industrial Scale-Up: Dangote Projects says it has expanded its construction fleet to nearly 7,000 machines for refinery and fertiliser work, citing Nigeria’s limited construction capacity and adding supporting infrastructure like quarries, concrete plants and a heavy-duty port. Kenya Refining Push: Kenya broke ground on Dangote’s $16bn Lamu refinery, targeting 700,000 bpd and a 1,000MW power plant, though land-rights litigation remains active. Power Distribution Fix: Nigeria’s Power Minister Joseph Tegbe is pushing “energy zones” with DisCos to deliver 24-hour supply across Lagos, Abuja-Kaduna-Kano and Enugu-Port Harcourt by tackling off-take and delivery gaps. Gas & LPG Supply: Asiko Energy completed a 5,000MT LPG terminal in Ijora, aiming to blend cheaper LPG to cut cooking gas prices; meanwhile Ardova–Diadem plans 100 CNG refuelling sites nationwide in 24 months. Oil & Finance Signals: NNPCL posted N7.2tn profit for 2025 despite revenue falling 24%, pointing to efficiency gains; NGX also saw a 0.29% drop on weak sentiment. Youth & Skills Data: FG launched a National Youth Data Bank for ages 15–35 to map skills and connect youths to jobs and programmes. Trade & Minerals: Nigeria and Indonesia trade tops $3bn annually, while the US signed a $700bn critical minerals framework with Nigeria to boost investment and supply chains. Education for Industry: Covenant University, UI and UNILAG lead Nigeria in the 2027 THE rankings, while FG plans a national tertiary ranking using 22 indicators.
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