Wasiu Alli

Lagos

Correspondent, Special Projects and Reports at BusinessDay Nigeria

Journalist||Ex-Student Leader|| Family lover|| Researcher || Communication||Writer||Educator|| Politics enthusiast|Serial Volunteer|| SDGs|| Views, mine.

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Articles

Investments, exports to power Nigeria’s five-fold growth – W’Bank - Businessday NG

2 days ago | businessday.ng | Onyinye Nwachukwu |Hope Moses-Ashike |Godsgift Onyedinefu |Wasiu Alli |Oluwole Crowther

…Urges Nigeria to end electricity subsidy…Ways & means exposes FG’s real financing cost…Edun says there’s momentum to invest in NigeriaThe Nigerian economy will need to grow five times faster than its current rate to meet the $1 trillion-dollar target by 2030, according to the World Bank. But achieving this lofty ambition requires galvanising private sector investments and foreign direct investments (FDIs) as well as implementing an export-oriented growth strategy.
Nigeria clears off $3.4bn IMF loan in move to exit debt list

1 week ago | businessday.ng | Wasiu Alli

Nigeria has completed the payment of a $3.4 billion loan borrowed from the International Monetary Fund (IMF) during the COVID-19 pandemic, effectively exiting the debtor list of the multilateral bank.
Sanusi urges foreign investors to tap into Nigeria’s booming economy

1 week ago | businessday.ng | Wasiu Alli

Muhammadu Lamido Sanusi II, the Emir of Kano, has urged global investors to utilise the improving business environment in Nigeria and invest their capital for higher returns. Sanusi made the call to global investors and captains of industries at the International Financial Investment and Trade Conference held in Tunisia.
Presco doubles profit as palm oil boom drives record earnings

1 week ago | businessday.ng | Wasiu Alli

Nigeria’s biggest palm oil maker, Presco Plc has delivered a record-breaking performance in the first quarter of 2025, with pre-tax profit nearly doubling to N58.6 billion, highlighting the strength of its integrated edible oil business model amid rising demand and disciplined cost management. The company’s revenue surged by 120.4 percent to N93.8 billion, up from N42.5 billion in Q1 2024, as it capitalised on higher prices and volumes in Nigeria’s growing vegetable oil market.
New reality show, GroundZero, highlights business lessons for entrepreneurs

1 week ago | businessday.ng | Wasiu Alli

GroundZero, a new reality show which promises N1 million to contestants, revealed how creativity, resilience and adaptability can fuel entrepreneurial development and drive growth. According to the organiser, Emmanuel Agbaeze, chief executive officer, 36Media, the recently concluded GroundZero reality show, has highlighted the powerful business lessons embedded within the competition.
Okomu Oil profit soars 71 percent on FX gains, higher prices

1 week ago | businessday.ng | Wasiu Alli

Okomu Oil Palm Plc has recorded a strong first-quarter performance in 2025, posting an after-tax profit of N18.06 billion, a 71 percent increase from N10.56 billion in the same period of 2024. The boost came on the back of higher revenue, improved operating efficiency, and gains from foreign exchange revaluation.
Rising poverty mutes Tinubu’s reform gains

1 week ago | businessday.ng | Wasiu Alli

Nigeria’s rising poverty is casting a shadow over the gains of the bold economic reforms embarked upon by President Bola Tinubu’s administration nearly two years ago, with experts calling for ‘targeted’ safety nets to cushion the pains of ordinary citizens. While Tinubu’s government touts fiscal discipline, subsidy removal and a unified exchange rate as foundational steps toward long-term economic stability, surging poverty levels are overshadowing these policy wins.
Rising poverty mutes Tinubu’s reform gains

1 week ago | businessday.ng | Wasiu Alli

Nigeria’s rising poverty is casting a shadow over the gains of the bold economic reforms embarked upon by President Bola Tinubu’s administration nearly two years ago, with experts calling for ‘targeted’ safety nets to cushion the pains of ordinary citizens. While Tinubu’s government touts fiscal discipline, subsidy removal and a unified exchange rate as foundational steps toward long-term economic stability, surging poverty levels are overshadowing these policy wins.
Nigerian CEOs bullish on economic rebound amid market volatility

1 week ago | businessday.ng | Wasiu Alli

A growing number of Nigerian CEOs are optimistic about the economic outlook in 2025, with a majority projecting both global and domestic recovery despite persistent macroeconomic challenges.
How Nigeria can lift its citizens off poverty — Peter Obi - Businessday NG

1 week ago | businessday.ng | Wasiu Alli

Nigeria must provide access to quality education, healthcare and empower small businesses to stem the tide of poverty in Africa’s top oil producer, according to Peter Obi, the former presidential candidate for the Labour Party in the 2023 elections.