AGP Executive Report
Last update: 6 hours agoOil & Gas: The NUPRC urged operators to explore untapped basins, saying new discoveries are crucial to Nigeria’s target of 3 million barrels a day by 2030; the 2026 licensing round is expected to draw investment. Manufacturing: MAN launched an energy-cost reduction programme as manufacturers’ power bills reached ₦1.35tn, while industry leaders say outages and rising costs are stifling growth. Food & Agriculture: A $200m World Bank-backed drive will boost fish production and help reduce imports; separately, IFAD warned El Niño could cut Sahel crop yields and worsen food insecurity. Promasidor’s expanded dairy operations are also supporting efforts to reduce a $1.5bn annual import bill. Critical Minerals: The government plans three lithium-processing factories in Nasarawa, Kaduna and Abuja to build local battery supply chains. Telecoms: Active mobile subscriptions climbed to 200.3 million in September, restoring the market above the 200-million mark for the first time in two years.
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