Nigeria has reaffirmed its commitment to retaining its position as the largest shareholder of the African Development Bank (AfDB) and meeting its financial obligations to the institution. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, gave the assurance during a meeting with the AfDB President, Dr Sidi Ould Tah, on the…

Nigeria has reaffirmed its commitment to the World Trade Organisation (WTO) and the multilateral trading system, with Vice President Kashim Shettima saying no country can prosper in isolation from the global community. Shettima made the position known on Saturday during a meeting with the WTO Director-General, Dr Ngozi Okonjo-Iweala, on the sidelines of the ongoing…

Former Ogun State Governor and Senator representing Ogun East, Gbenga Daniel, has said Nigeria’s economic future cannot continue to depend solely on crude oil. Daniel stressed the need for the country to diversify its economy and invest in other productive sectors capable of creating jobs, generating revenue and driving sustainable development. Speaking during a recent…

The Nigerian military has explained that the planned withdrawal of about 200 United States troops from Nigeria is part of the evolving nature of the security and counterterrorism partnership between both countries. The Director of Defence Information, Major General Samaila Uba, said the deployment of the American personnel was specifically linked to operational support and…

Nigeria has the second-longest road network in Africa, with an estimated 195,000 kilometres of roads, according to data cited in rankings of the continent’s road infrastructure. The figure places Nigeria behind South Africa, which has an estimated 750,000 kilometres of roads. Kenya ranks third with about 161,452 kilometres. The ranking highlights the extensive road infrastructure…