Simultaneously, the NDDC is focusing on improving the credibility of numerous projects through detailed supervision and monitoring. With 30% of approximately 17,000 projects complete and another 50% underway, the NDDC insists on pausing contractor work for evaluation after each milestone. A robust system is in place to deter any single engineer from independently deciding on project outcomes. Projects, chiefly serving the rural communities, face challenges like difficult terrains and the misuse of roads, which have prompted the NDDC to review project costs and focus on completing several energy sector initiatives, including solar-powered street lighting in 2024.

Corporate Leadership Transition at Airtel Africa

In corporate news, Airtel Africa announced that CEO Segun Ogunsanya will retire on July 1, 2024. After a notable tenure where he led the company to significant revenue growth and established the Company's first Sustainability Strategy, Ogunsanya will chair the newly established Airtel Africa Charitable Foundation that operates independently with a focus on inclusion and environmental protection. In an advisory capacity, he will assist the Board for a subsequent 12 months post-retirement. Sunil Taldar is appointed to take over as Managing Director and CEO, having joined the company recently, and will transition into this role alongside his appointment as an Executive Director on the Board.

These strategic developments underscore a commitment to compliance, quality, growth, and good governance across key sectors in Nigeria. With proactive cooperation from Dangote Group on regulatory matters, reformative measures from NDDC for project credibility, pragmatic recommendations from MAN for manufacturing growth, and smooth leadership change at Airtel Africa, economic stakeholders collectively contribute to the nation's progress and stability.