Nigeria has shelved its plan to fund the establishment of a national carrier, instead focusing on building capacity for existing local airlines. According to the Ministry of Aviation and Aerospace Development, the government plans to bolster the aviation sector’s competitiveness and sustainability through private airline support.
Friday, May 30, 2025
Video - Nigeria shelves national carrier plan
Nigeria has shelved its plan to fund the establishment of a national carrier, instead focusing on building capacity for existing local airlines. According to the Ministry of Aviation and Aerospace Development, the government plans to bolster the aviation sector’s competitiveness and sustainability through private airline support.
Video - Nigerian App connects spiritual seekers to traditional priests
A Nigerian startup has launched an app enabling traditional African priests to stream rituals to users worldwide, revitalizing ancient spiritual practices. Created by a traditional priest, the platform supports paid virtual ceremonies, fostering cultural preservation and global access to African spirituality amid a growing revival.
Video - Nigeria, China partner to build EV plants
Nigeria is set to embark on a groundbreaking partnership with China to drive the adoption of electric vehicles (EVs) in the country. The Chinese Ambassador to Nigeria, Yu Dunhai, revealed plans to establish EV factories and other manufacturing ventures in Nigeria through collaboration between the two nations.
Death toll in central Nigeria floods rises to 36
KANO: The death toll in central Nigeria flash floods has risen to 36 after rescuers recovered more bodies, an emergency services spokesman told AFP Friday.
“As at this morning, 11 more bodies were recovered in addition to the 25 found earlier, which brings the number of fatalities to 36 so far,” Ibrahim Audu Husseini, SEMA spokesman said.
Teams of rescuers continued to search for missing residents into Friday.
“We expect the toll to rise considerably because there are different rescuers at different locations,” Husseini said.
Nigeria’s rainy season, which usually lasts six months, is just getting started for the year. Scientists warn that climate change is already fueling more extreme weather patterns.
Flooding, usually caused by heavy rains and poor infrastructure, wreaks havoc every year, killing hundreds of people across the west African country.
In Nigeria, the floods are exacerbated by inadequate drainage, the construction of homes on waterways, and the dumping of waste in drains and water channels.
The Nigerian Meteorological Agency had warned of possible flash floods in 15 of Nigeria’s 36 states, including Niger state, between Wednesday and Friday.
In 2024, more than 1,200 people were killed and 1.2 million displaced in at least 31 out of Nigeria’s 36 states, making it one of the country’s worst floods in decades, according to the National Emergency Management Agency.
Flooding after torrential rains late on Wednesday washed away more than 50 homes in the city of Mokwa in central Niger state, drowning residents with many missing, according to the Niger state emergency management agency (SEMA).
“As at this morning, 11 more bodies were recovered in addition to the 25 found earlier, which brings the number of fatalities to 36 so far,” Ibrahim Audu Husseini, SEMA spokesman said.
Teams of rescuers continued to search for missing residents into Friday.
“We expect the toll to rise considerably because there are different rescuers at different locations,” Husseini said.
Nigeria’s rainy season, which usually lasts six months, is just getting started for the year. Scientists warn that climate change is already fueling more extreme weather patterns.
Flooding, usually caused by heavy rains and poor infrastructure, wreaks havoc every year, killing hundreds of people across the west African country.
In Nigeria, the floods are exacerbated by inadequate drainage, the construction of homes on waterways, and the dumping of waste in drains and water channels.
The Nigerian Meteorological Agency had warned of possible flash floods in 15 of Nigeria’s 36 states, including Niger state, between Wednesday and Friday.
In 2024, more than 1,200 people were killed and 1.2 million displaced in at least 31 out of Nigeria’s 36 states, making it one of the country’s worst floods in decades, according to the National Emergency Management Agency.
Nigeria offers oil tax relief for cost-cutting measures
Nigerian President Bola Tinubu has signed an executive order introducing a performance-driven framework for oil sector operators, designed to link tax incentives directly to verifiable cost savings. Under the new Upstream Petroleum Operations Cost Efficiency Incentives Order 2025, operators who successfully implement industry-standard cost reductions in onshore, shallow water, and deep offshore fields will qualify for defined tax relief. These tax credits will be capped at 20% of an operator's annual tax liability.
"This Order is a signal to the world: we are building an oil and gas sector that is efficient, competitive, and works for all Nigerians," Tinubu said in a statement. "It is about securing our future, creating jobs, and making every barrel count."
Analysts say success will largely be dependent on implementation. "President Tinubu referred in the announcement to the importance of alignment between government agencies. Succeed there and this could be highly significant towards improving Nigeria's investment appeal," said Clementine Wallop, director for sub-Saharan Africa at Horizon Engage.
This order is a key component of the government's ongoing reforms aimed at boosting competitiveness within the sector.
Last year, Nigeria offered a 25% gas utilisation investment allowance for equipment and plant for new and ongoing projects, and began streamlining contracting processes as part of commercial enablers to make offshore drilling more attractive.
These incentives, while they haven't yielded investments in a new field, have spurred a few producers to return to existing fields.
By Isaac Anyaogu, Reuters
"This Order is a signal to the world: we are building an oil and gas sector that is efficient, competitive, and works for all Nigerians," Tinubu said in a statement. "It is about securing our future, creating jobs, and making every barrel count."
Analysts say success will largely be dependent on implementation. "President Tinubu referred in the announcement to the importance of alignment between government agencies. Succeed there and this could be highly significant towards improving Nigeria's investment appeal," said Clementine Wallop, director for sub-Saharan Africa at Horizon Engage.
This order is a key component of the government's ongoing reforms aimed at boosting competitiveness within the sector.
Last year, Nigeria offered a 25% gas utilisation investment allowance for equipment and plant for new and ongoing projects, and began streamlining contracting processes as part of commercial enablers to make offshore drilling more attractive.
These incentives, while they haven't yielded investments in a new field, have spurred a few producers to return to existing fields.
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