Vice President Kashim Shettima on Thursday said that President Bola Tinubu had successfully secured over 20 billion dollars in investment for Nigeria. Shettima said that these investment include 14 billion dollars from India and 250 million dollars from the Netherlands, with commitments of 500 million dollars each for...
Economy
A businessman and politician, Chief Martin Onovo, has said President Bola Tinubu would write his name in gold if he is able to achieve genuine restructuring of the country. Onovo, the Head, Policy Positions, Movement for Fundamental Change (MFC), made the statement in an interview with the...
Vice President Kashim Shettima has expressed the optimism that the Nigeria’s economy would experience significant growth soon. Shettima stated this on Thursday in Abuja at the 2nd Chronicle Roundtable, organised by 21st Century Media Services, publishers of 21st Century Chronicle. The News Agency of Nigeria (NAN) reports...
President Bola Tinubu has said his 9-month old administration has attracted $30 billion Direct Foreign Investment commitments to shore up the Nigerian economy. Tinubu stated this at the 2023 Leadership Annual Conference and Award on Tuesday in Abuja. The event, with the theme “An Economy in Distress: The...
![President Tinubu [in black attire] in the middle during the launch of EEL handbook at the State House in Abuja on Tuesday, February 27, 2024.](https://www.nationalaccordnewspaper.com/wp-content/uploads/2024/03/IMG-20240301-WA0003.jpg "FG begins implementation of Expatriates Employment Levy on March 15, promises economic boost 5")
Nigeria is poised to roll out the Expatriates Employment Levy, a move expected to not only generate revenue but also promote local employment opportunities and skill development. The levy, scheduled to commence on Friday, March 15th, 2024, comes as part of the government’s effort to bolster the...
By JOY ADARA, Abuja – The Tinubu Media Support Group (TMSG), has described former vice president Atiku Abubakar’s recommendation of measures introduced by Argentina’s President, Javier Milei, for Nigeria as unrealistic. Abubakar had in a statement on Sunday, said that Nigeria should take a lesson from how the president...
By OLA MUDOPE, Ibadan – Oyo State governor, ‘Seyi Makinde, on Monday, declared that despite the challenges and hardship facing the country, all hands must be on deck to repair the economy rather than trade blames. The governor maintained that one of the ways to achieve such repair is...
The Federal Government said it has implemented some strategic reforms to restore economic stability in the country. Speaker, House of Representatives, Mr Abbas Tajudeen, disclosed this on Saturday during the opening ceremony of the 45th Kaduna International Trade Fair in Kaduna. The News Agency of Nigeria (NAN) reports...
A member of the House of Representatives, Mr Abiodun Faleke, has appealed to Nigerians to be patient with the administration of President Bola Tinubu in its efforts to reposition the economy. Faleke (APC-Ikeja) made the appeal while addressing his constituents at a town hall meeting on Saturday...
Out-going Liberian President, President George Weah, said on Sunday he was leaving behind a better economy than he inherited when his administration came into office six years ago. “ Tomorrow, President-Elect Joseph N. Boakai will inherit a stronger economy than I inherited,” Weah said in his address which...
A financial expert, Mr Okechukwu Unegbu, has decried the proliferation of “loan sharks” in the Nigerian financial system, describing them as dangerous to the economy. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN), said this in an interview with the News Agency of Nigeria...
……As president pledges turn around in education, health, sports security By DAVID IORJA, Abuja – President Bola Ahmed Tinubu Friday in Paris–France assured Nigerians of repositioning the education and health sectors, while the ongoing reforms on the economy will be sustained and expanded, with a view to...
The presidential candidate of the People’s Democratic Party (PDP) in the 2023 general election, Atiku Abubakar has promised to address security and economic challenges, if elected. Abubakar stated this at the PDP Presidential campaign rally on Wednesday in Damaturu. Amazed with the crowd, Atiku called on the people of...
Mr Tunji Oyebanji, Managing Director 11 Plc, says the huge amount being spent on fuel subsidy by the Federal Government is preventing investments in critical areas of the economy and worsening the unemployment situation in the country. Oyebanji said this at the yearly programme of the Institute of Change...
The cultural market at the ongoing National Festival for Arts and Culture (NAFEST), in Lagos, has been declared open for commercial activities. Director General, National Council for Arts and Culture (NCAC), Chief Olusegun Runsewe, who is the organiser of the festival, said on Tuesday that the essence of the...
Mr Will Stevens, the United States’ Consul General in Nigeria, says the U.S. government will continue to partner Nigerian universities in the effort to enhance the nation’s economy. Stevens made the remark during the graduation ceremony of the 10 participants of ‘’Learn to Earn Project’’ at the American Corner,...
Vice-President Yemi Osinbajo says the African Continental Free Trade Area (AfCFTA) is a unique opportunity to consolidate Africa’s large market, which will address the economic challenges of the continent. Osinbajo made the assertion at a hybrid International Conference on Africa’s Economy at Newark, New Jersey, with the theme, “African’s...
Lagos State collected the highest Internally-Generated Revenue (IGR) of N753.46 billion in 2021 followed by the FCT which collected N131.92 billion. The National Bureau of Statistics (NBS) stated on Sunday in Abuja that in 2020, Lagos State also led other states in IGR collection when it got N660 billion,...
By PATRICK ABANG Calabar – Cross River state Governor, Ben Ayade has described the concessioning of the ultra-modern cocoa processing plant, Ikom to AA Universal Agro Industries Ltd, as part of the deliberate effort of his administration to recalibrate the economy of the state. AAU is owned by business...
Presidential candidate of the Peoples Democratic Party (PDP) Atiku Abubakar played a major role in pushing millions of Nigerians into the unemployment market and into poverty as Vice President between 1999 and 2007. This, according to the Buhari Media Organisation (BMO), is contrary to the impression Atiku sold in...