GDP

The Senate has called on Federal, State and Local Governments to construct more public toilets to battle the growing scourge of open defecation in the country.

The Senate on Thursday urged the Federal Government grant tax holidays to investors in the solid minerals sector to enhance investment.

The Federal Government has inaugurated a 14-man ministerial committee focused on closing leakages, tackling illegal mining and enhancing generated revenue from the mining sector.

The Federal Government through the Ministry of Mines and Steel Development is committed to lifting about 100 million Nigerians out of poverty in the next 10 years through the diversification of the economy from crude oil to solid minerals exploration and exportation.

Dr. Kayode Fayemi, Ekiti State governor, has hinted that the Buhari-led Federal Government was giving a lot of attention to the mining sector, in addition to the support from development partners.

Ekiti State Governor Kayode Fayemi and the Minister of Mines and Steel Development, Olamilekan Adegbite, have called for stakeholders’ buy-in for the exploitation of economic opportunities in Nigeria’s mining sector.

Gov. Kayode Fayemi of Ekiti State has called for increased budgetary allocation to the solid mineral sector to promote growth.

Moody’s Investor Service has lowered India’s credit ratings outlook to negative, saying its decision reflected increasing risks of a prolonged slowdown and rising debt.

The House of Representatives has launched an investigation into the implementation of local content in line with the provisions of the Nigerian Oil and Gas Content Development Act (NOGICD) with a view to determining the degree of compliance in the Industry.

Telecom operators in Nigeria said yesterday that the directive by the Federal Government that cost of data should be reviewed downward in five days is “unrealistic and insensitive” considering the high operating cost in the country.

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, said on Monday that Nigeria’s economic outlook remained positives despite the current global uncertainties.

An oil industry expert and senatorial aspirant in the last general election in Abia state, Mr Chinedu Onyeizu, has commended the Federal Government for signing a government backed partnership with Russia to revamp the nation’s refinery.

Central Bank of Nigeria Governor, Godwin Emefiele, has said that ensuring price stability and growing the nation’s economy through unconventional policy is paying off.

Hong Kong slid into recession for the first time in a decade in the third quarter, weighed down by increasingly violent anti-government protests and the protracted U.S.-China trade war.

The Nigeria Bureau of Statistics (NBS) has said that Edo state’s service sector contributed N1.2 trillion to its N2.3 trillion Gross Domestic Product (GDP) in 2017.

Access Bank Plc has announced the disbursement of N20 billion loans to beneficiaries in the entertainment industry under the Creative Industry Financing Initiative (CIFI) of the Central Bank of Nigeria. The fund, which represents the first tranche of the loans, was made accessible to the borrowers in the sector.

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says more than N100 billion is needed to revive Cotton, Textile and Garment (CTG) sub sector.

Recently, Lagos State governor, Mr. Babajide Olusola Sanwo-Olu, signed the $629 million financing facility aimed at completion of the Lekki Deep Seaport project.