By DAVID IORJA, Abuja – President Bola Ahmed Tinubu on Friday in Abuja reassured Nigerians that no stone will be left unturned in his administration’s multifarious efforts to stimulate the economy and make it work for the greatest good of all Nigerians. The President stated this in a...
Nigeria Economy
Some experts have said that Nigerian economy will witness positive turnaround with support from government and investors for Micro-Small and Medium Enterprises (MSMEs). They stated this at a news conference held at Nigeria Union of Journalists (NUJ) Press Centre in Ibadan on Wednesday. The News Agency of Nigeria (NAN)...
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...
Dr Kayode Ajulo, a legal practitioner has expressed optimism in the ability of President Bola Tinubu as ECOWAS President to promote economic growth of the region, trans border security and entrenchment of rule of law among member states. This is contained in a statement on Tuesday in Abuja following...
The African Development Bank (AfDB) President, Dr Akinwumi Adesina, has pledged the Bank’s support toward revamping Nigeria’s economy.adesi Adesina, made the pledge during a meeting with Nigeria’s President, Bola Tinubu at the New Global Finance Pact Summit in Paris. The AfDB president, via his verified Twitter handle, @akin_adesina said:...
As Nigeria mulls ways of diversifying its economy, Dr Bashir Jamoh, Director-general, Nigeria Maritime and Safety Agency (NIMASA) says the agency is working towards making blue economy Nigeria’s main source of revenue. Jamoh made this known while speaking with journalists on the sideline of the three-day Nigeria-Netherlands Economic Consultation...
Rev. Stephen Baba-Panya, President, Evangelical Church Winning All (ECWA), has appealed to President Bola Tinubu to tackle corruption and insecurity while paying special attention to the economy. He made the appeal on Saturday in Jos during the installation of ECWA’s General Secretary, board of trustees and the send-off of...
By DAVID IORJA, Abuja – Chinese President XI Jinping has pledged increased economic cooperation with Nigeria, saying the country is important to Africa and the world. The Chinese president spoke through his Special Envoy, Peng Qinghua, Vice Chairperson, Standing Committee of National People’s Congress, People’s Republic of China, who...
The Federal Government’s effort to boost the Nigerian economy by maximising opportunities in the oil and gas sector through local content has materialised as the Industrial Park in Odukpani, Cross River State, is ready for business. This is being made possible with a pledge of $50m by the Federal...
The Chairman of Ala Resort, Chief Wole Olanipekun, on Tuesday, said that the development of aerotropolis in Akure would reshape the economic landscape and fortunes of the South-West region and Nigeria in general. Olanipekun stated this at the signing of the Memorandum of Understanding (MoU) between the Federal Airport...
The Central Bank of Nigeria (CBN), says the Nigerian economy has maintained a positive growth trajectory for nine consecutive quarters, since exiting recession in 2020. The CBN Governor, Mr Godwin Emefiele, said this on Tuesday in Abuja, when he read the comminique issued at the end of the 290th...
Alhaji Ibrahim Ajia, the Peoples Democratic Party (PDP) candidate for Asa/Ilorin-West Federal constituency of Kwara, says the party will rescue the nation from economic woes. Ajia made the assertion on Friday in Ilorin on the sidelines of distribution of items worth millions of Naira for empowerment of youths from...
A lawmaker in Ondo state, Mr Sunday Olajide, has described as “choking’’ and pain inflicting the Central Bank of Nigeria (CBN) redesigned naira note policy introduced late last year. Olajide, a member of the Ondo State House of Assembly, representing Akure South Constituency 2, in a statement made available...
Asiwaju Bola Tinubu, APC presidential candidate, says the Supreme Court ruling on the implication of Central Bank of Nigeria (CBN) re-designed naira notes and cashless policy has saved Nigeria from political and economic shutdown. Tinubu in a statement issued by Mr Bayo Onanuga, Director, Media and Publicity, APC Presidential...
Presidential candidate of Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, says he will expand the scope of Nigeria’s economy by tackling unemployment, if voted into power. The former vice-president made the pledge during a Presidential Stakeholders’ Engagement, held on Wednesday in Abeokuta. According to him, unemployment and the living...
Sen. Bola Tinubu, All Progressives Congress (APC) Presidential candidate, has reiterated his stance on addressing fiscal, monetary, and trade reforms to effectively increase domestic production if elected. Tinubu said this during a dialogue to unfold his economic plan before the organised private sector under the aegis of the Nigerian...
Vows to improve security, reposition economy before leaving office…….. President Muhammadu Buhari says the gains recorded in security will be further consolidated and more attention will be given to the economy, before handing over on May 29. The president stated this when he received the Executive members of the...
The Peoples Democratic Party (PDP) says Nigeria needs its Presidential Candidate, Atiku Abubakar, to rebound its challenged economy. The party’s National Publicity Secretary, Debo Ologunagba, said this at an interactive session with the media on Saturday in Abuja. Ologunagba said Nigeria needed Abubakar because of his practical experience, capacity,...
The President of the Senate Ahmad Lawan says Nigeria loses one million barrels of crude oil daily to crude theft. He made the remarks at the presentation of the 2023 Appropriation Bill to a joint session of the National Assembly by President Muhammadu Buhari in Abuja on Friday. Lawan...
President Muhammadu Buhari has urged Nigerians to embrace farming to enhance the country’s food security. Buhari made the appeal in a message to the annual Olojo festival in Ile-Ife, Osun. Represented by Minister of Interior, Rauf ArAregbèsola, the president said farming remained the bedrock of Nigeria’s economy and necessary...