Civil Society Organisations, CSOs, Monday, expressed dismay over alleged poor management of economy following the recession that struck the economy at the weekend as reported by the National Bureau of Statistics, NBS.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Monday, said the country will exit the current recession by the first quarter of 2021.
As Nigeria slips into recession for the second time in five years, President Muhammadu Buhari, says it came about because of the severity of the global economic downturn caused by the COVID-19 pandemic.
Zainab Ahmed, the minister of finance, budget and national planning, says the recession will be short-lived.
The President of the Christian Association of Nigeria, CAN, Reverend Samson Ayokunle, Monday, asked President Muhammadu Buhari, to invite church leaders on how to lift the country out of recession immediately, even as they called for constitutional reform.
Global credit rating agency, Moody’s Investors Service, has stated that the infrastructure in Nigeria is behind other emerging market peers, with about $3tn needed over 30 years to close the gap.
Policymakers, business leaders, development partners and scholars will discuss how to create strategic partnerships between the youth, governments, private sector and the civil society at the 26th Nigerian Economic Summit starting on Monday.
The former presidential candidate on Monday said unless the problem of leadership selection and constitution structure is addressed, Nigeria’s economy cannot create wealth for its citizens except for those with political connections.
The Nigerian Export Promotion Council (NEPC) says it is working with relevant ministries departments and agencies for payment of N124 billion backlog of claims under the Export Expansion Grant (EEG) scheme.
The Nigeria Bureau of Statistics (NBS), has said the information and communication sector contributed 9.57 per cent to the overall Gross Domestic Products (GDP) in the country’s third quarter in 2020.
Nigeria has formally entered its second economic recession in five years as the severe impact of the COVID-19 pandemic on global crude oil prices and restrictions imposed to curb the virus caused the nation’s economy to contract for the second consecutive quarter by 3.62 percent in the third quarter of 2020.
The Lagos Chamber of Commerce and Industry (LCCI) says the nation’s economic contraction of 3.62 per cent of the third quarter against the 6.1 per cent of the second quarter of the year may indicate that the worst is over.
Uche Uwaleke, Professor of Finance and Capital Market, has called for early passage of the 2021 Appropriation Bill and aggressive implementation of the Economic Sustainability Plan (ESP), as the country enters recession.
Grant said this at the two-day Nigerian Diaspora Investment Summit (NDIS) organised by Nigerian in Diaspora Commission (NiDCOM), in collaboration with Nigeria Diaspora Summit Initiative (NDSI).
The Nigerian Bureau of Statistics (NBS) has said Nigeria’s Agricultural sector contributed 30.77 per cent to the overall Gross Domestic Product (GDP) of the country in the third quarter of 2020 (Q3 2020).
A Senior Advocate of Nigeria (SAN), Dr Olisa Agbakoba, has said that for Nigeria to experience rapid economic growth there is the need for some agencies of the Federal Government to come together and harness their potentials.
National Bureau of Statistics (NBS) said that the nation’s economy has formally entered into recession as the Gross Domestic Product (GDP) contracted for the second consecutive quarter by 3.62 percent in the third quarter of 2020.
The Cross River State House of Assembly has scheduled to confirm Justice Akom Ikpeme as Substantive Chief Judge of the State on Thursday, January 28, 2021.
Paul Pogba has defended his former team-mate Zlatan Ibrahimovic against accusations of racism following the Swedish forward's clash with Romelu Lukaku on Tuesday.
Yoruba activist, Sunday Adeyemo popularly known as Sunday Igboho, has declared Ogun state will be his next destination to flush out criminal herdsmen.
The International Monetary Fund has said that the approval and rollout of vaccines have boosted expectations of a global recovery and lifted risk asset prices, despite rising COVID-19 cases and softening economic activity, not only in late 2020 hope of greater prospects in 2021.
The Federal Controller of Works Lagos, Mr Olukayode Popoola, on wednesday announced another three days of total shutdown of the Third Mainland Bridge for another round of delicate expansion joints replacement.
According to the statement, “The Ministry of Foreign Affairs wishes to inform that the induction course for Career and Non-Career Ambassadors-Designate and their spouses has been scheduled for 8th – 10th February, 2021.”
American Philanthropist, Bill Gates, has advised the Nigerian Government against diverting its limited health fund into trying to pay a high price for COVID-19 vaccines.
Also, the death of Baby CEO is coming just after three years after the death of Fredo Santana, an American rapper, who is considered by many to be a protege of Jonathan Brown.
Producers group CIVC said on Tuesday that sales of bubbly dropped 18% in 2020 by volume and the pandemic would continue to weigh on demand in the first half of this year, although the extent of last year’s decline was less than initially forecast and there was some year-end cheer.
Gov. Seyi Makinde of Oyo State has asked the new Commissioner of Police in Oyo, CP Ngozi Onadeko, to arrest and treat those igniting ethnic tension in the state as criminals.