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The Nigeria Union of Journalists (NUJ) urged Tinubu to address the dispute with the ASUU. [21] On 25 June 2024, 1,800 petrol stations were shut down in northeastern Nigeria, after the Independent Petroleum Marketers Association of Nigeria (IPMAN) began a strike in protest against an anti-smuggling operation by the Nigeria Customs Service (NCS).
During the mid and late 1980's, Nigeria experienced a prolonged and severe economic downturn. Nigeria suffered a rapid plummet of its foreign reserves from $10 billion in early 1980s to approximately $1 billion in the mid 1980s due to overvalued currency, inflated imports, and international decline of oil prices. [4]
29 May – Nigeria readopts Nigeria, We Hail Thee, which was the country's national anthem from 1960 to 1978, as its national anthem, replacing Arise, O Compatriots. [20] 30 May – 2024 Aba killings: Eleven people, including five soldiers, are killed in an attack on a military checkpoint by unknown gunmen in Aba, Abia State. [21]
Dr.Jumoke Oduwole is the current Minister of Industry, Trade and Investment, appointed by Nigerian president Bola Tinubu in 2024, While Senator John Owan Enoh serves as the Minister of State for Industry, Federal Ministry of Industry, Trade and Investment. , [2] [3]
Since independence, with Jaja Wachuku as the first Minister for Foreign Affairs and Commonwealth Relations, later called External Affairs, Nigerian foreign policy has been characterised by a focus on Africa as a regional power and by attachment to several fundamental principles: African unity and independence; capability to exercise hegemonic influence in the region: peaceful settlement of ...
The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. [ 29 ] [ 30 ] It is ranked as the 53rd-largest economy in the world in terms of nominal GDP , the fourth largest in Africa and the 27th-largest in terms ...
To undertake studies of the current economic conditions, with special attention to the export sector to advise the government on necessary policies and measures. To establish specific trade promotion facilities in Nigeria and other countries including the establishment of permanent showrooms at important commercial centers in other countries.
India accounts for 6.4% of total African trade. [13] Nigerian President Tinubu visited New Delhi in September 2023. During his visit Indian investors pledged another investment amounting to nearly $14 billion into the Nigerian economy. In Africa Nigeria is the third biggest trading partner of India in year 2024 after South Africa and Tanzania.