The World Health Organisation (WHO) has raised concern about the potential economic toll of Antimicrobial Resistance (AMR) If left unchecked. The WHO said that the situation could cause Nigeria and low income countries a reduction in Gross Domestic Product (GDP) of up to four per cent by 2030. Dr...
gdp
Nigeria’s Gross Domestic Product (GDP) for the second quarter of 2024 grew by 3.19%, the National Bureau of Statistics (NBS) has said. In its Q2 2024 GDP Report on Monday, the Bureau said Nigeria’s GDP rose year-on-year in real terms in the second quarter of 2024. “This growth rate...
The Nigeria Union of Local Government Employees (NULGE) has called for financial, administrative and political autonomy for local governments. The NULGE National President, Mr Ambali Olatunji, said in Lagos on Saturday that the autonomy was important for Nigeria to grow its gross domestic product more and curb insecurity....
The Independent Media and Policy Initiative (IMPI), has expressed confidence that contrary to belief in certain quarters Nigeria would witness economic growth in 2024. The policy group expressed the confidence in a statement signed by its Chairman, Mr Niyi Akinsiju, in Abuja on Tuesday. Akinsiju said the group...
The real Gross Domestic Product (GDP) growth for Africa is expected to average 3.8 per cent and 4.2 per cent in 2024 and 2025. The African Development Bank (AfDB) said this in its latest Macroeconomic Performance and Outlook (MEO) report. In a statement issued on the Bank’s website,...
The Central Bank of Nigeria (CBN) Governor, Mr Yemi Cardoso, has said the economic policy proposals of President Bola Tinubu’administration can achieve a GDP of one trillion Naira in eight years. Cardoso made the declaration in Marrakesh, Western Morocco on Thursday on the side-line of the...
By CALLISTUS OFFOR, Abuja – The telecommunications sector’s contribution to the nation’s Gross Domestic Product (GDP) has increased significantly to 16 per cent in the second quarter of 2023, according to the data reported by the Nigerian Communications Commission (NCC) based on the computation by the Nigeria...
The National Information Technology Development Agency (NITDA) says that digitalisation of Micro, Small and Medium Enterprises (MSMEs) could increase Nigeria’s Gross Domestic Product (GDP) by 50 billion US dollars. The Director-General, NITDA, Mr Kashifu Inuwa Abdullahi, said this during his visit to the GIZ/Digital Transformation Centre, Nigeria office as a special guest at its Techmybiz pitch-a-thon event...
By CALLISTUS OFFOR, Abuja – Nigerian Communication Commission (NCC) says the telecommunications and ICT services have contributed about N2.508 trillion to Nigeria’s GDP in the first quarter of 2023. A statement issued on Thursday by NCC Director, Public Affairs, Mr Reuben Muoka, said the Commission quoted the figures released...
The Director-General of the World Trade Organisation ( WTO), Dr Ngozi Okonjo-Iweala, has advised state governors in Nigeria against excessive borrowing. Okonjo-Iweala said this on Monday in Abuja at the Nigeria Governors’ Forum (NGF) 2023 induction for newly elected governors with the theme “Governing for Impact (Building Sub-national Governance)....
African Development Bank (AfDB) says the African continent faces an annual GDP shortfall that could exceed 127.2 billion dollars by 2030. It stated on Friday that the shortfall would occur if current trends in climate finance flow into Africa continued. “Africa may lose as much as 12 per cent...
The 2.4 bilion dollars revenue probe over alleged illegal sale of 48 million barrels of crude oil export from 2014-2015 is not a witchhunt, says Mr Femi Gbajabiamila, Speaker of the House of Representatives. Gbajabiamila made the clarification at plenary on Tuesday in Abuja, during the House of Reps...
Assures tech-savvy young Nigerians of funds, tax breaks By DAVID IORJA, Abuja – President Muhammadu Buhari on Wednesday inaugurated the National Council for Digital Innovation and Entrepreneurship with the mandate to guide the implementation of the Nigeria Startup Act (NSA) 2022. Speaking at the inauguration of the 14-member Council...
The National Information Technology Development Agency (NITDA) said that gender equality in the digital space could increase the Gross Domestic Product (GDP) of the country by over 50 per cent. Mallam Kashifu Inuwa, Director-General of NITDA said this on Friday at the closing ceremony of its ‘Fasaha Gina Mata,...
The National Association of Nigeria Travel Agencies (NANTA) on Friday said it recorded a loss of 500 million as revenue in 2022, due to drop in ticket sales. Mrs Susan Akporiaye, NANTA’s National President, disclosed this during a media briefing held in Lagos on Friday. Akporiaye said that there...
The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, says Nigeria needs help from the private sector to meet its public investment needs. Ahmed said this at the presentation of the latest World Bank Nigeria Development Update (NDU): “Nigeria’s Choice” and “Country Economic Memorandum(CEM): Charting a New...
Dr Patrick Dakum, Labour Party (LP)’s governorship candidate for Plateau State has promised to leverage agriculture, tourism and mining to improve the state’s economy if elected in 2023 Dakum, who spoke to newsmen on the sidelines of the party’s presidential campaign flag off on Saturday in Lafia, said that...
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed says the Federal Government is working on strategic plans to address inflation and ensure decongestion of ports in the country. Ahmed said this when she fielded questions from lawmakers at the presentation of the 2022 budget performance before...
Dr Peter Mbah, the Enugu State People’s Democratic Party (PDP) Governorship candidate says his administration will move the state Gross Domestic Product (GDP) from its current $4.4 billion to $30 billion in the next eight years if elected. Mbah made the promise during a press conference organised by the...