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MIXED REACTIONS TRAIL NIGERIA’S 2026 TARIFF CUTS ON DRUGS, RICE, CARSThe Federal Government’s new 2026 fiscal policy red...
13/04/2026

MIXED REACTIONS TRAIL NIGERIA’S 2026 TARIFF CUTS ON DRUGS, RICE, CARS

The Federal Government’s new 2026 fiscal policy reducing import tariffs on drugs, rice, and vehicles has drawn mixed reactions from key sectors.

Pharmaceutical stakeholders welcomed the move, saying lower tariffs could improve access to essential medicines. However, they warned that poor regulation, counterfeit drugs, and weak support for local manufacturing could limit the benefits.

In contrast, rice farmers strongly opposed the policy, arguing that cheaper imports would undercut local production and discourage farming amid rising input costs.
Players in the automobile sector also expressed concern that reduced tariffs on imported vehicles could undermine local assembly plants, threaten investments, and lead to job losses.

Experts across sectors called for complementary policies, including stronger regulation, support for local industries, and clearer implementation strategies to ensure the reforms achieve their intended impact.

GAS PRODUCTION RESUMES AT IRAQ’S KHOR MOR FACILITY AFTER WAR DISRUPTIONOperations have resumed at the Khor Mor gas facil...
13/04/2026

GAS PRODUCTION RESUMES AT IRAQ’S KHOR MOR FACILITY AFTER WAR DISRUPTION

Operations have resumed at the Khor Mor gas facility in Iraq’s Kurdistan region after more than a month of disruption caused by the US-Iran conflict.

Operator Dana Gas confirmed that production has restarted following a period of intermittent shutdowns triggered by security concerns during the crisis.

The company had halted gas supplies on February 28 to protect staff as tensions escalated. Authorities in the Kurdistan region supported the move, citing safety risks linked to the conflict.

Khor Mor is a critical energy hub, supplying most of the region’s power stations, and has previously been targeted in attacks blamed on pro-Iran armed groups.

The resumption of operations is expected to ease pressure on electricity supply in the region.

NIGERIA RECORDS MODEST RISE IN POWER GENERATION TO 4,300MWThe Federal Government says electricity generation increased f...
13/04/2026

NIGERIA RECORDS MODEST RISE IN POWER GENERATION TO 4,300MW

The Federal Government says electricity generation increased from 3,951MW to 4,300MW between March 28 and April 10, reflecting gradual improvement in the power sector.

According to a statement by the Minister of Power’s spokesman, Bolaji Tunji, the rise was driven mainly by increased gas supply to thermal plants, which grew from about 605 to over 704 million standard cubic feet within the period.
He noted that operational efficiency also improved, with higher availability levels indicating better conversion of gas into electricity.

To sustain the gains, the government has set up a Gas-to-Power Monitoring Committee to address supply bottlenecks and improve coordination between gas producers and power generation companies.

Minister of Power, Adebayo Adelabu, said reforms are ongoing to stabilize electricity supply, while urging the Nigeria Electricity Management Services Agency to boost revenue, expand meter testing centers, and tackle manpower shortages.
The government assured Nigerians that efforts to improve power supply would continue, though it acknowledged more work is needed.

12/04/2026

IROYIN LEKUNRERE

12/04/2026

NEWS AROUND THE WORLD

12/04/2026

EYI ARA

10/04/2026

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