Adekunle Munir

He added that the combined value of the real estate and construction sectors exceeded N77 trillion in 2025, highlighting the industry's growing importance to the economy.

He called for the development of a National Blue Transport Policy backed by incentives, dedicated terminals and cargo guarantees to encourage indigenous operators to expand coastal shipping.

The Nigeria Revenue Service has also issued guidelines on the taxation of virtual assets covering companies, individual taxpayers, VASPs, peer-to-peer marketplace operators and other participants in the sector.

He reaffirmed the BPP's commitment to collaborating with DICON to streamline procurement frameworks and institutionalise domestic preference standards.

He called for stronger enforcement of standards, punishment for counterfeit products and greater use of locally made goods in federal procurement.

The AUC and ATAF also agreed to continue addressing tax challenges in extractive industries and other hard-to-tax sectors, particularly issues involving valuation, cross-border transactions, specialised contracts and access to information.

Despite a N4.65 trillion fresh capital injection into Nigeria's banking industry, the sector's 2025 financial performance showed that stronger capital buffers have yet to translate into stronger and broader financial sector growth, as elevated loan losses and the withdrawal of regulatory forbearance weighed heavily on profitability.

Nigeria needs an annual compound growth rate of 28.02 per cent to achieve a $1 trillion economy by 2030, the President of the Chartered Institute of Directors Nigeria (CIoD), Mr Adetunji Oyebanji, has said.

The services could also help online sellers manage product returns and inventory while improving the movement of goods between suppliers, warehouses and customers.

The project is expected to extend connectivity to communities where residents have been unable to enjoy reliable telecommunications services, potentially improving access to communication, business transactions and essential services.