gross domestic product

The Nigerian Communications Commission (NCC) says the total investment in the Nigerian telecom industry is currently estimated at $70 billion.

The Sustainable Entrepreneurship and Economic Development Initiative (SEEDi), a Non-Governmental Organisation (NGO), has expressed concern over the challenge of corruption faced by Micro, Small and Medium-Sized Enterprises (MSMEs), describing it as a threat to Nigeria’s long-term development.

The Federal Government says it will create more than four million jobs through oil palm production in the country.

The National Bureau of Statistics (NBS), said the nation’s Gross Domestic Product (GDP) grew by 2.01 per cent (year-on-year) in real terms in the first quarter of 2019.

Dr Titus Okunronmu, a former Director, Budgetary Department, Central Bank of Nigeria, has commended the Federal Government for its plan to collect Value Added Taxes (VAT) on online Business Transactions.

The ECOWAS Task Force on the region’s single currency would meet in June to give the assessment on the studies of the currency, President of the commission, Mr Jean-Claude Brou, has said.

Finance Minister, Mrs. Zainab Ahmed, has revealed that the sum of N649 billion, the final tranche of the Paris Club Refund, is available to be shared by the 36 States of the federation.

Mrs Zainab Usman, the Minister of Finance, says assessment of the 2019 Appropriation Bill will be completed soon and a report will be rendered to President Muhammadu Buhari.

The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane, has said fuel subsidies are a huge drain on government’s revenue.

Vice President Yemi Osinbajo says there is no reason why any Nigerian should give bribe to law enforcement agents whether for obtaining drivers licenses, passports or to clear goods at the ports.

A university lecturer, Dr Rasheedah Liman, has called for the establishment of Film Villages in different zones of the country to ensure ease of shooting movies by filmmakers.

Dr Patricia Auta, a financial analyst, has described the 2019 budget as inadequate to meet the needs of the Nigerian population, which is put at more than 200 million.

Hon. Tunde Olatunji, a member of Osun State House of Assembly, has warned the Federal Government against listening to the suggestions by the International Monetary Fund (IMF) to remove oil subsidy.

The Federal Government has said that road crashes account for more deaths and disabilities among global population, particularly drivers and commuters.

The Niger Delta Development Commission (NDDC) has trained and empowered some persons living with disability on different vocational skills in Delta State.

The Manufacturers Association of Nigeria (MAN) has kicked against denomination of price of gas in US dollars and worried that price of gas has become major source of conflict between members and the gas franchisers.

The International Monetary Fund (IMF) has said that Nigeria and South Africa will continue to draw back the economic growth of the rest of Sub-Saharan Africa if steps are not taken to address the policy uncertainties holding back growth in the two countries.

The Tin-Can Island Port Command of the Nigeria Customs Service (NCS) has said it has generated N78.8 billion in the first quarter of 2019, up from N76.7 billion realised in the corresponding period of 2018.