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...
gdp
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...
The Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Dr Ernest Umakhihe, says the Nigeria’s Livestock subsector has huge economic potentials worth more than N33 trillion annually that ought to be explored. Umakhihe said this at the inauguration of the Edo chapter of Animal Science Association of Nigeria...
The Central Bank of Nigeria (CBN’s) strategy of an efficient payment system through the introduction and implementation of the e-Naira is a laudable effort that is contributing to the success of our digital economy. According to the Buhari Media Organisation (BMO), the Central Bank Digital Currency (CBDC), also known...
By CALLISTUS OFFOR, Abuja – Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami) is excited over the remarkable contribution of the Information and Communications Technology (ICT) sector to Nigeria’s Gross Domestic Product (GDP) in the second quarter of 2022 (Q2 2022). The National Bureau of Statistics...
By CALLISTUS OFFOR, Abuja – Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, has applauded consistent growth in Information and Communication Technology (ICT) contributions to the nation’s Gross Domestic Product (GDP), which hit 17.92 per cent in the last quarter of 2020, and in the first...
International Monetary Fund (IMF) says the Nigerian economy is recovering from a historic downturn benefiting from government policy support, rising oil prices and international financial assistance. IMF disclosed this in a statement issued from its headquarters in Washington D.C. on Monday. The organisation said Nigeria exited the recession in...
By JOY ADARA, Abuja – On a note that signals a momentous year for the Commission, the Nigerian Communications Commission (NCC), has already put two awards in its kitty, as it receives The REGULATOR OF THE YEAR Award for 2021. Its Executive Vice Chairman and Chief Executive Officer (EVC/CEO),...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says increase in employment in the country in 2020 is due to various Federal Government intervention programmes. The Director-General of SMEDAN, Dr Dikko Radda told newsmen in Abuja that there was consolidation in the Small and Medium Enterprises due...
Some capital market operators have listed events that will shape the stock market and the economy in 2022. Speaking with the News Agency of Nigeria (NAN) on Tuesday in Lagos, they said the market and the economy would be impacted by the Monetary Policy Committee, 2022 budget implementation, consumer...
The Nigerian Communications Commission, (NCC) has advised that operatives of the Economic and Financial Crimes Commission, (EFCC) need digital training to distinguish cybercriminality and genuine cyber business platforms. Prof. Umar Danbatta, the Executive Vice-Chairman (EVC), NCC, gave the advice at the launch of digital training programmes for Small and...
Algerian President Abdelmadjid Tebboune said on Saturday that Algeria will launch new reforms to boost the industry sector for economic recovery. “It is time to establish an industry sector based on coherent and strong foundations, which serves the national interests, and will become one of the pillars of comprehensive...
JohnVents Industries Ltd., a N15 billion cocoa processing plant aimed at boosting employment in the country, has started operation in Akure, the Ondo State capital. The Managing Director of JohnVents Industry, Mr John Alamu, at a news conference in Akure on Wednesday, said that 100 people had already been...
The Federation’s General Statistician and Head of the National Bureau of Statistics, Simon Harry has said the country’s economy grew 4.03% in the third quarter of 2021. He made the announcement Thursday in Abuja during a press conference on the current state of the country’s gross domestic product, GDP....
By DAVID IORJA, Abuja – The Federal Government has revealed plans to boost the digital economy with a $600m Innovation Fund from the African Development Bank (AfDB). Vice President Yemi Osinbajo stated this on Monday during a virtual interaction at the World Economic Forum (WEF) Country Strategy Dialogue on...
The Consumer Price Index (CPI) which measures inflation increased by 15.99 per cent (year-on-year) in October 2021, the National Bureau of Statistics (NBS) has revealed. While the country recorded a higher figure in October compared to last year, the inflation rate dropped for the seventh straight month. In a...