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Experts, Manufacturers Urge FG to Prioritise Infrastructure in N55trn Budget for Sustainable Growth

Experts, Manufacturers Urge FG to Prioritise Infrastructure in N55trn Budget for Sustainable Growth

Following the passage of the N55 trillion 2025 budget by the National Assembly, economic experts and manufacturers have called on the federal government to channel significant resources into infrastructure development to stimulate long-term economic growth. Their concern arises as the budget increased by N5 trillion, and stakeholders insist that its impact will largely depend on … Read more

Oil and Gas Sector Gets 31.1% of Banks’ Loans in Q3 2024 – CBN Report

Oil and Gas Sector Gets 31.1% of Banks’ Loans in Q3 2024 – CBN Report

The oil and gas sector received 31.1% of total credit from deposit money banks (DMBs) in Q3 2024, according to the Central Bank of Nigeria (CBN). This is up from 29.9% in the previous quarter. In comparison, the manufacturing sector saw a decline of -6% in credit allocation, down to N8.7 trillion. The financial and … Read more

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