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Why States Are Competing for Industrial Parks and Logistics Hubs in Nigeria | The Project Herald

Why States Are Competing for Industrial Parks and Logistics Hubs

By The Project Herald Across Nigeria, state governments are increasingly shifting attention toward industrial parks, special economic zones, and logistics hubs as they seek new pathways to economic growth, job creation, and private sector investment. For decades, many states relied heavily on federal allocations and traditional revenue sources. However, declining fiscal flexibility, growing urban populations,

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Dollar to Naira Today: Naira Falls to ₦1,370.46/$

Dollar to Naira Today: Naira Suffers Biggest Weekly Loss, Closes at ₦1,370.46/$

The Nigerian naira ended the week on a weaker note after recording its sharpest decline of the week at the official foreign exchange market, raising fresh concerns over the currency’s stability despite ongoing reforms aimed at improving liquidity. Data released by the Central Bank of Nigeria (CBN) showed that the naira depreciated to ₦1,370.46 against

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Lagos vs Abuja: Which City Is Winning Nigeria’s Infrastructure Race in 2026?

For years, Nigerians have argued over which city truly represents the country’s future. Some point to Abuja’s modern layout and growing skyline. Others insist Lagos remains untouchable because of its economic dominance and relentless pace of development. But beyond opinion, where is the money going? Which city is attracting bigger infrastructure investments? Which one is

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NGX Reverts to 2018 Pricing Rules as ₦1,000 Stocks Need 10,000 Shares to Move Prices

NGX Reverts to 2018 Pricing Rules as ₦1,000 Stocks Now Require 10,000 Shares to Move Prices

The Nigerian Exchange Limited has reinstated elements of its 2018 market microstructure rules, bringing back a pricing methodology that affects how high priced stocks move on the trading floor. Under the revised framework, equities trading at ₦1,000 and above will require a minimum transaction of 10,000 shares before their prices can change. The threshold mirrors

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Nigeria’s Gas Infrastructure Expansion Gains Momentum as Processing Plants and Pipeline Projects Advance

Nigeria is accelerating investment in gas infrastructure as the country seeks to unlock more value from its vast natural gas reserves, improve domestic energy supply and strengthen its position in global energy markets. With some of the largest proven gas reserves in Africa, Nigeria has increasingly shifted attention toward gas development through pipeline construction, processing

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Nigeria’s Industrial Parks and Economic Zones Attract New Investment as Manufacturing Expansion Accelerates

Industrial parks and special economic zones are emerging as some of Nigeria’s most important development projects as governments and private investors seek to expand manufacturing, attract foreign investment and create jobs. Across the country, industrial hubs are being developed or expanded to provide businesses with access to infrastructure, logistics networks and production facilities. These projects

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Foreign Investment Projects Reshape Nigeria’s Manufacturing and Industrial Landscape

Nigeria is attracting a new wave of foreign-backed investment projects across manufacturing, industrial processing, technology infrastructure and special economic zones, highlighting continued investor interest in Africa’s largest economy despite global economic uncertainty. From industrial parks and factory expansions to technology infrastructure and processing facilities, investors are increasingly targeting sectors linked to domestic production, exports and

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Nigeria Seaport Infrastructure Update: Lekki Deep Sea Port, Apapa, Tin Can and Onne Drive Logistics Transformation

Nigeria’s seaport sector is entering a decisive phase of infrastructure restructuring as new investments, rehabilitation programmes, and digital reforms begin to reshape how goods move in and out of the country. At the center of this shift are major developments across Lekki, Apapa, Tin Can Island, Onne, and inland dry ports, all of which collectively

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Nigeria's Biggest Infrastructure Spenders in 2026

States With the Largest Capital Project Budgets in 2026

Infrastructure Spending Takes Center Stage Across Nigeria As Nigerian states continue to expand investments in roads, healthcare facilities, schools, transportation networks, and economic infrastructure, capital expenditure has emerged as a key indicator of development priorities in 2026. An analysis of approved and proposed state budgets shows that several states have allocated unprecedented amounts to capital

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