President Bola Tinubu has reaffirmed his administration’s unwavering commitment to strengthening the productive base of the Nigerian economy. He made this known during a joint session of the National Assembly to commemorate Democracy Day 2025 on Thursday. According to Mr Tinubu, the government is driving this transformation through investments in critical infrastructure, including roads, the expansion of port operations, rail, and power. He added that these efforts are aimed at…

The Comptroller General of the Nigeria Customs Service (NCS), Bashir Adeniyi, has reaffirmed the agency’s commitment to trade facilitation and operational efficiency during a working visit to the Oyo/Osun Area Command in Ibadan. During the visit, Adeniyi inspected the Ibadan Train Station Terminal and assessed a prospective private bonded warehouse. READ ALSO: Customs handovers N24.6 million worth of illicit drugs to NAFDAC Once operational, the bonded facility is expected to improve…

The Lagos State Government has taken a significant step in promoting indigenous fashion and textiles internationally, with a renewed focus on Adire—a traditional Yoruba fabric rich in cultural heritage. As part of this effort, the state Commissioner for Tourism, Arts and Culture, Toke Benson-Awoyinka, recently held a high-level meeting with Her Majesty Queen Ronke Ademiluyi-Ogunwusi, founder of Africa Fashion Week London and Nigeria, alongside the British Deputy High Commissioner, Jonny…

Prominent human rights lawyer and Senior Advocate of Nigeria, Femi Falana, has taken aim at President Bola Tinubu’s administration. Mr Falana, who spoke yesterday on Channels Television’s ‘Politics Today’, accused Mr Tinubu of implementing economic policies that disproportionately benefit the elite while intensifying hardship for the general population. He noted that although senior members of the ruling All Progressives Congress (APC) are hailing Mr Tinubu’s two years in office as…

Vice President Kashim Shettima has launched the Federal Government’s Asset Restoration Programme, spearheaded by the National Agency for Science and Engineering Infrastructure (NASENI), aimed at reviving Nigeria’s industrial and agricultural machinery. The initiative is a key part of President Bola Tinubu’s Renewed Hope Agenda to strengthen local innovation and optimise the country’s existing resources. The programme focuses on restoring over 26,000 heavy-duty machines currently out of service but repairable, alongside…

The Lagos State Government has welcomed fresh efforts by the GIZ SKYE (Skills Development for Youth Employment) project to deepen collaboration aimed at equipping young people with relevant skills and expanding employment opportunities. The  Commissioner for Wealth Creation and Employment, Akinyemi Bankole Ajigbotafe, received a delegation from GIZ SKYE on a courtesy visit to the Ministry’s conference room in Alausa. The Commissioner was represented by the Permanent Secretary, Wasiu Olayinka.…

In a bid to explore economic challenges about countries and currencies, The New Daily Prime reports that the countries below have been using other countries’ currencies as legal tender In the intricate world of global finance, some nations have opted to adopt foreign currencies as their official legal tender. This phenomenon, often referred to as “dollarization” (when the U.S. dollar is involved), occurs due to various factors including economic instability,…

In an era of growing financial volatility and global uncertainty, an increasing number of nations are adopting an unconventional strategy to stabilize their economies: embracing the U.S. dollar as their official currency. While the dollar remains the world’s dominant reserve currency, its role as legal tender beyond America’s borders is less well known — and increasingly significant. Several countries and territories now use the greenback as their primary currency, replacing…

The Federal Government, in partnership with the Food and Agriculture Organization (FAO), has launched a ₦200 million aquaculture support initiative aimed at boosting local fish production and reducing Nigeria’s reliance on fish imports.

By Damilola Olufemi, Friday Omosola and Helen Okechukwu Since President Bola Tinubu assumed office in May 2023, today, May 29, 2025, marks the completion of his second year in office. Investigations by The New Daily Prime revealed that the tenure is marked by critical economic issues, insecurity and others. While, there are issues, the tenure also brings good tidings to the country. In this report, The New Daily Prime explores…

Vice President Kashim Shettima, has reaffirmed the President Bola Tinubu administration’s commitment to transforming the country’s cocoa industry by shifting focus from primary production to large-scale processing. He spoke on Monday during a meeting with a delegation from the World Cocoa Foundation (WCF) led by its President, Chris Vincent, at the Presidential Villa. Shettima said the Federal Government was determined to restore Nigeria’s lost glory as a global leader in…

The Osun State Government, under the leadership of Governor Ademola Adeleke, has entered into a strategic partnership with Smart City Plc to drive innovation, economic development, and enhance the quality of life for citizens. The agreement was formalised with the signing of a Memorandum of Understanding (MoU) between both parties. The deal aligns with Adeleke’s broader industrialisation agenda, which prioritises infrastructure, technological advancement, healthcare, education, agriculture, and commerce as key…