Chief Press Secretary to Governor Ifeanyi Okowa of Delta state , Mr. Olisa Ifeajika, has debunked media reports saying that the governor has been appointed to lead National Economic Council (NEC) sub-committee on post-COVID-19 economic growth. CPS said in a statement in Asaba Monday that the report which had been circulating in the mainstream and social media, and had attracted Read More
The World Bank Group and International Monetary Fund have urged all official bilateral creditors to suspend debt payment from IDA countries that request forbearance. IMF also said that the spread of the coronavirus into sub-Saharan Africa will hit the region’s economic growth hard, with direct disruptions to people’s livelihoods, tighter financial conditions, reduced trade and investment and a steep Read More
The Executive Vice Chairman/Chief Executive, National Agency for Science and Engineering Infrastructure (NASENI), Egnr. Professor Mohammed Dani Haruna has disclosed that NASENI has been at the forefront of delivering Science and Engineering Infrastructure (SEI) to ensure Nigeria’s economy is diversified and to enhance economic growth. Haruna made this statement during the NASENI Day at the ongoing Science Expo on Tuesday Read More
Minister for Special Duties and Intergovernmental Affairs, Senator George Akume, has reiterated the federal government’s commitment to improving the safety of Nigerians at community level in order to encourage economic growth and development of the country. The minister stated this in a press briefing after a conference organised by his ministry in collaboration with Risk and Accident Prevention Society Read More
Minister of Communications and Digital Economy Dr Isa Ali Ibrahim Pantami, has urged the Swedish government to support Nigeria’s quest to deploy more robust broadband infrastructure in the country for economic growth and prosperity. Speaking in Abuja at a dinner hosted by the Swedish Ambassador to Nigeria Carl-Michael Grans, the minister who was represented by the executive vice chairman of Read More
Managing Director Financial Derivatives Company Limited, Bismarck Rewane said the infrastructural deficit and border closure stands as major constraints on the nation’s economic growth in the first quarter of this year. Rewane who stated this in Lagos at LBS breakfast session said first quarter growth typically slows down owing to lull in economic activities and lower consumer spending in January. Read More
The Executive Director, Women of Inestimable Values (WIV), Blessing Okojie, has said there was need to consider women for key positions to enable them contribute their quota to the economic growth of the country. Okojie said this in an interview with the News Agency of Nigeria (NAN) over the weekend in Lagos in commemoration of the International Women’s Day (IWD) Read More
The efforts of rice farmers in Nigeria have been lauded by the Minister of Agriculture and Rural Development, Alhaji Muhammad Sabo Nanono. Nanono stated that rice produced in Nigeria can now comfortably compete in the global market. Nanono who made this disclosure during a working visit to a rice farms and mills of Stallion Group Limited, Popular Farms and Mill Read More
There was some of growth by the end of the year, 2019. But areas where so much has been expected from still Lagos. Though economic growth rate brought growth for the year 2019 to 2.3 per cent from 1.9 percent in. 2018, the slow growth in agriculture and other areas where government has invested heavily is a major concern. The Read More
The National Coordinator/Chief Executive Officer, African Union Development Agency – New Partnership for Africa’s Development (AUDA-NEPAD), Princess Gloria Akobundu, has called on Nigerians, especially women to not only think political leadership but diversification of the economy, stressing also the importance of all to unite in order to build the nation to the desired level. Akobundu made the call Wednesday in Read More
The Jigawa state Chamber of Commerce, Industry, Mines and Agriculture (JICCIMA) has pledged to encourage commercial activities in Dutse and boost economic growth of the state. JICCIMA made the pledge at the inauguration of its 6th executive members over the weekend. At the inauguration ceremony held at Man Power Development Institute Dutse, president, Nigeria Chamber of Commerce, Industry, Mines and Read More
The National Festival of Arts and Culture (NAFEST) was established to effect peace and unity among Nigerians in 1970 after the civil war.When Edo state hosted the 32nd edition of NAFEST in Benin City, between October 19 and 26 2019, it was a time for soul-searching by Nigerians on the objectives of setting up the institution.The theme for the celebration Read More
Its exactly four weeks to the commencement of the construction of Damaturu Ultra-Modern market, the contractor Euro African Energy, said it has achieved 10 per cent out of the total work.The site engineer Mr. Odeh Okopi, disclosed this on Thursday in Damaturu while speaking to Blueprint. “We have so far achieved 10 per cent of the total work. The Down Proof Read More
As the political climate charges up in the country, a critical sector that should not be taken for granted is the economy. In fact, there can never be vibrant politics without a buoyant economy. It is for this main reason that a recent discourse on the nation’s economy becomes relevant. More importantly, the persistent call for Nigeria to diversify its Read More
The Association of Licensed Telecoms Companies of Nigeria (ALTON) has called on the federal government to address the issue of multiple taxes which it described as irrelevant saying it stifles economic growth. The group claimed the government is in the habit of imposing taxes that have no bearing with telecoms operations like Parking tax, Effluent Discharge tax, Social Service levy, Read More
The Economic Community of West African States (ECOWAS) has said it is committed to promoting levels of production, transformation and export capacities of selected strategic value-chains of the private sector in West Africa. Speaking Wednesday in Abuja during a two-day meeting of the Strategic Steering Committee of the West Africa Competitiveness Programme (WACOMP), ECOWAS commissioner for Industry and Private Sector Read More
The Central Bank of Nigeria (CBN) has increased its target for lending by commercial banks for the second time in three months, to help boost growth. Banks that miss the target will face higher cash-reserve requirements (CRR). CBN, in a circular dated September. 30th signed by Bello Hassan For: Director Banking Supervision, directed banks to increase their minimum loan-to-deposit ratio Read More
Raw Materials Research and Development Council (RMRDC) and the Association of Agricultural and Industrial Entrepreneurs of Nigeria (AIEN) initiated cluster development to support farmers to create jobs and boost the economy. BINTA SHAMA reports. Commercialising R&D In the pursuit to achieve economic growth and food security, Raw Materials Research and Development Council (RMRDC) and the Association of Agricultural and Read More
Nigeria’s diesel-dependent economy may face tough times with prices expected to surge as United Nations (UN) rules aimed at cleaning up international shipping comes into effect on January 1, 2020 with many ships expected to burn distillates instead of dirtier fuel oil. Slowing economic growth and nascent trade wars could blunt a price spike, and as the shipping industry adapts Read More
When National Bureau of Statistics (NBS) released the second quarter GDP report, it recorded a growth of 1.94 per cent, less than what was recorded in first quarter. Analysts have said that it is a reminder that the economy was not out of the woods yet; BENJAMIN UMUTEME writes. The National Bureau of Statistics (NBS), last week, released the Nigerian Read More
Insurance Brokers, under the auspices of the Nigerian Council of Registered Insurance Brokers (NCRIB), have joined voices in the call on the federal government to prioritise constant power supply to boost economic growth and development. Speaking at the weekend, the President of NCRIB, Shola Tinubu, said, there are areas of urgent attention such as power, sustenance of efforts on construction Read More
Nigeria now occupies the inglorious position of global headquarters of poverty. The mismatch between population and economic growth is primarily responsible for that infamous rating. The next factor is the high cost of governance which is compounded by unbridled corruption.The cost of governance gulps down 70 per cent of Nigeria’s annual budget. Consequently, the federal government borrows as high as Read More
The West Africa Securities Regulators Association (WASRA) will hold its inaugural biennial West Africa Capital Market Conference (WACMaC) in Abidjan Cote d’Ivoire, from the 27th to the 29th of October, 2019. The conference has as its theme “Positioning West Africa capital markets to achieve sustainable and real economic growth through integration and sound regulation”. Chairman of WASRA and Director-General of Read More
John Magufuli has an ambitious plan for his country. The president of Tanzania wants his country to grow into a regional powerhouse. That is fantastic. But Magufuli has a rather strange and primitive means of achieving his ambition.On July 10, 2019, he ordered Tanzanian women to “set free your ovaries” to help boost the economy into a regional powerhouse.The president Read More
The global financial management Services giant, the International Finance Corporation (IFC) has signed an agreement with Enyimba Economic City to market the project to the global market. This was revealed Friday by company secretary/legal adviser, Enyimba Economic City, Chibuzo Chiemela Ekwekwuo while making a presentation on the project to a group of Igbo economic professionals known as Nzuko Umunna led Read More
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