UBA also aims to promote capacity for growth through non-financial services  targeting SMEs.

It wiill be executed by the Ministry of Agriculture in partnership with the Niger Delta Development Commission.

“The Ministry has not awarded any such contract nor has signed any such contract agreement with any company in this regard.”

Tinubu’s Special Adviser on Energy, Olu Verheijen, said the measures will result in a 100% increase in gas production by 2027.

“We have the technology and the financing to do it at scale,” he added.

Nigeria, which had for years been burdened by a costly petrol subsidy regime, on May 29 ended the unsustainable scheme.

Nigeria’s currency on Thursday declined further on the parallel market to N995 to a dollar.

However, on the official I&E window, the naira gained N33 naira to close at N738 to a dollar on Thursday, compared to N771 to a dollar the previous day.

“For my entire professional life, I have been engaged daily with news and ideas, and that will not change,” said the 92-year-old media mogul.

Excerpt: “You’re free to take in your money and bring out your money. I count on you to invest in Nigeria.”

The support would enable the provision of basic needs as well as restoring power and other essential services to impacted families.

Investigations revealed a significant oversight in the platform’s sign-up process for teenage users.

The system offers numerous benefits, including a simplified process, time-saving, enhanced communication, and robust security measures.

He said commitment to reform was a testament to the dedication of the government towards achieving a more robust economic landscape.

With the official I&E window closing at N771, the gap between the official and parallel market has widened to N219.

This strategic move aligns with Meta CEO Mark Zuckerberg’s vision to make business messaging a key driver of the company’s sales growth.

She also said that unity among developing nations could boost SDGs actualization.

Production is set to start with diesel and jet fuel  while petrol refining is scheduled to commence on November 30.

According to the CEO of NMDPRA, Nigeria has around 209 TCF of natural gas and the government has selected gas as Nigeria’s transition fuel.