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Economic growth in Africa picked up steam last year and is set to accelerate strongly in 2018, but "massive investments" are needed in infrastructure, the African Development Bank (ADB) said on Wednesday.
The Minster of Budget & National Planning, Senator Udoma Udo Udoma, has said that Nigeria’s economic outlook for 2018 is looking positive due to the huge potentials available as a result of the various initiatives by government to sustain growth since its exit from recession.
The World Bank forecasts that economic growth in Nigeria would edge up to at least 2.5 per cent in 2018, as the country benefits from improved commodity prices, investments and trade.
The Federal Government said on Tuesday egg production, processing and marketing could create no fewer than one million jobs through its National Egg Production (NEGPRO) Scheme.
The Federal Government on Monday pledged to resuscitate the Industrial Development Centre (IDC) in Edo to support Medium and Small Enterprises, as well as promote made in Nigeria goods in the state.
The Infrastructure Concession and Regulatory Commission, ICRC, is to collaborate with the Nigerian Shippers’ Council, NSC, to make Inland Dry Ports (IDPs) bankable and be attractive to more concessionaires.
The Lagos Chamber of Commerce and Industry (LCCI) has predicted a Gross Domestic Product (GDP) growth rate of between three and four per cent for 2018.
Poultry farmers in Abuja have called on the Federal Government to review the nation’s policy on exportation of agricultural raw materials to create employment opportunities for youths in the sector.
The Minister of Budget and National Planning, Udoma Udo Udoma, has explained that the federal government had been unable to achieve full implementation of the 30 per cent capital components of the 2016 and 2017 budgets because of high recurrent burden and dwindling revenue.
The Managing Director, International Monetary Fund (IMF), Ms Christine Lagarde, says by 2030, over half of new workers entering the global labour force will come from Africa.
Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country’s former oil minister.
The Joint Admissions and Matriculation Board, JAMB, has directed all tertiary institutions to end their 2017 admission by January 25.
The Katsina State Government has increased the welfare budget for National Youths Service Corps (NYSC) members deployed to the state by about 200 per cent.
Gunmen suspected to be armed robbers on Wednesday night attacked a supermarket in Katsina, killing a police officer, Ibrahim Batsari.
The National Economic Council (NEC) presided over by Vice President Yemi Osinbajo on Thursday approved 10-member working committee on the herdsmen/farmers conflicts in the country.
To make good on its promise, the Nigerian Army has started taking delivery of some of the vehicles it has ordered from Innoson Motor Manufacturing Company, a local vehicle manufacturer, which the Army has configured fit for deployment for its counterterrorism Operation Lafiya Dole.
Grammy-winning soul singer Mary J. Blige — who has earned critical acclaim and award nominations for her acting debut in last year’s “Mudbound” — celebrated her 47th birthday Thursday by getting a star on the Hollywood Walk of Fame.
Senator representing Ebonyi south, Sonni Ogbuoji, was stopped from defecting to the All Progressives Congress (APC) on Wednesday.
Everton striker Cenk Tosun has pledged that he will become the Goodison Park side’s new Romelu Lukaku.
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