GDP

The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, says the Federal Government will borrow N1.6 trillion to finance part of the N9.12 trillion 2018 budget.

An Economist, Dr. Aminu Usman, says the growth in the country’s Gross Domestic Product (GDP) is not translating to improved quality of life of its citizens.

Over the years, the nation’s budget cycle has been inconsistent without a definite pattern, giving room for speculations and poor implementation.

The Chief Executive of Kurecion Foundation, Mr Abikure Tega, has called for the use of block chain technology to address fraud in the country´s taxation system.

King Felipe VI on Thursday swore in Spain’s new pro-EU government, with women holding the majority of ministerial posts.

Governor Akinwunmi Ambode of Lagos State, on Wednesday, approved the extension of ongoing Agric-Ishawo dual carriageway road project to Arepo in Ogun State, saying the development became imperative in view of the determination to rev up the economic integration of South Western states.

The United Nations World Tourism Organisation (UNWTO) Wednesday disclosed that Lagos, a megacity of over 24 million people, will play a pivotal role in its quest to promote new tourism destinations across the world.

The Secretary-General of United Nations World Tourism Organisation (UNWTO), Zurab Pololikashvili, says Nigeria has the potential to be one of the world best tourists destinations.

The African Union (AU) says the tourism sector supports about 21 million jobs in Africa with value of over 160 million dollars, exceeding manufacturing and banking sectors combined.

Nigerians expecting to have approved 2018 appropriation law before the expiration of 2017 budget next Thursday may have to wait a little longer as President Muhammadu Buhari is at the moment reviewing the Appropriation Bill recently passed by the National Assembly.

The immediate past President of the Chartered Institute of Bankers of Nigeria (CIBN), Prof. Segun Ajibola, on Friday urged the Federal Government to focus on the service sector to boost the Gross Domestic Product (GDP).

No fewer than 17 million Africans left the continent in 2017 in search of greener pastures, a new report by the UN Conference on Trade and Development (UNCTAD) has said.

Vice President Yemi Osinbajo on Thursday said that Nigeria’s tax revenue has increased to 51 per cent in 2017.

The Institute for Public Policy Analysis and Management (IPPAM), on Thursday, said that by 2020, the country stands to lose 11 percent of Gross Domestic Product (GDP) to climate change if an aggressive climate change policy is not put in place to sustain the social and economic development in the country.

The Minister of Mines and Steel Development, Kayode Fayemi, said that the revenue from exports in the mining sector increased by 592 per cent between 2016 and 2017.

The Minister of Finance, Mrs. Kemi Adeosun, has said that the International Monetary Fund is not worried about Nigeria’s debt profile.

Stakeholders in the agriculture sector have commended President Muhammadu Buhari’s administration for its agricultural policy, saying that agriculture is gradually regaining its position as the mainstay of the nation’s economy.

Deputy Governor, Central Bank of Nigeria (CBN), Mr. Bayo Adelabu, has given some insight on how the apex bank rescued Nigeria’s economy from sinking exchange rate, inflation and recession through the Economic Recovery and Growth Plan of President Muhammadu Buhari.