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Economist: GDP growth not translating to improved quality of life

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.

Experts: Budget cycle inconsistency hindering economic, development

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

Expert advocates block chain technology to curb tax fraud

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.

Governor Ambode extends Agric-Ishawo road project to Arepo

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.

AU: Tourism creates 21m jobs in Africa

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.

Senator Udoma: Why President Buhari has not signed 2018 budget

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.

Ex-CIBN boss tasks federal government on service sector to improve GDP

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).

UNCTAD: 17m Africans migrate for greener pastures

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 Osinbajo: Nigeria’s tax revenue grew by 51% in 2017

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

IPPAM: Nigeria may lose 11% GDP to climate change

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.

Minister Adeosun: IMF not worried about Nigeria’s debt

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

President Buhari lauded for achievements in agric sector

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.

Yemi Kale: Why Nigeria is now investors’ best destination

The immediate post-recession period when the fundamentals of the economy are at the early stages of recovery is the best time to invest in Nigeria, the director general, National Bureau of Statistics (NBS), Yemi Kale, has said.

Ex-Minister Okonjo-Iweala advocates massive education of policymakers

Former Nigeria’s Minister of Finance, Dr Ngozi Okonjo-Iweala, has called for a massive education of insurance policy makers in the country to achieve deep insurance penetration among the populace.

Minister: Federal government to extend social security to informal sector

Minister of State for Labour and Employment, Prof. Stephen Ocheni, has disclosed that the absence of Social Security data on the informal economy is an anomaly that contributes immensely to the exposure of workers to precarious and dangerous work conditions in the country.

Panama to open embassy in Nigeria

President Juan Carlos Varela of the Republic of Panama has said that his country would soon open an Embassy in Abuja to cement the relationship between Panama and Nigeria.

President Buhari: My government will not tolerate mediocrity under any guise

President Muhammadu Buhari on Tuesday, said he would not tolerate mediocrity from any public or private citizen, just as he would go out of his way to reward excellence.

Ex-Governor Obi details Nigeria’s poor spending on education

A former Governor of Anambra State, Peter Obi, has again lamented Nigeria’a poor attitude to education, contending that the nation has not done well in the sector even when compared to some other African countries.

Recent Stories

PFN kicks as court condemns 5 Christians to death for killing herdsman

The Pentecostal Fellowship of Nigeria (PFN) has kicked against the Yola High Court ruling sentencing five Christians to death for allegedly killing a herdsman.

Benue Muslims urges federal government to support ranching

The Muslim community in Benue State has urged the Federal Government be steadfast in its support for ranching of livestock especially cattle as earlier endorsed by the National Economic Council (NEC).

Colombia’s Carlos Sanchez sent off in defeat to Japan

Japan got their World Cup campaign off to the perfect start with a 2-1 win over Colombia, who suffered the tournament's first red card after only three minutes.

VC: More than 70% of LASU budget spent on diesel

The Lagos State University (LASU) says it spent more than 70 per cent of its annual budget on purchase of diesel due to epileptic power supply to the institution.

CAN warns federal government against recruiting repentant Boko Haram terrorists into Army, Police

Following reports of plans by the federal government to recruit repentant Boko Haram terrorists into the Nigerian Army and the Police, the Christian Association of Nigeria (CAN) Tuesday warned the federal government against such plan.