Exciting Developments in Nigeria’s Business Sector
First City Monument Bank (FCMB) and the Dutch Entrepreneurial Development Bank (FMO) have joined forces to spark innovation in Nigeria’s agricultural industry with the Agritech Hackathon and Venture Building program. This initiative aims to address challenges such as credit access, infrastructure, and food security by inviting startups, entrepreneurs, and innovators to develop solutions.
The Institute for Energy and Extractive Industry Law advocates against fuel supply monopolies in Nigeria, pushing for opportunities for interested investors to import and refine products. Meanwhile, the Ibadan Electricity Distribution Company (IBEDC) pledges improved service delivery through enhanced stakeholder engagement initiatives, boasting over 3,000 monthly interactions.
In other news, Lagos State Government is set to launch the Lagos Revenue Portal (LRP) for seamless tax and bill payments. Totalenergies Nigeria unveils strategies for achieving net zero carbon emissions, focusing on sustainability and supporting local communities through educational scholarships and infrastructure development.