Home Topics Gross domestic product
gross domestic product
The Executive Vice Chairman of the Nigeria Communications Commission (NCC), Umar Garba Dambatta, has said that the contribution of the Telecommunication sector to the country’s Gross Domestic Product (GDP) has risen from 8.5 per cent in 2015 to 14.3 per cent as at September this year amounting to N2.272 trillion.
Rivers State Governor Nyesom Ezenwo Wike has expressed optimism that the State’s $12 million Cassava processing initiative will create jobs and enhance the Gross Domestic Product (GDP) of the country.
At the backdrop of the destructions of public and private properties and businesses in the wake of the #EndSARS protests, businesses have been counting their losses while economy experts have listed the immediate challenges the crises have thrown up against Nigeria’s struggling economy.
Entrepreneurial ministers and representatives of Asia-Pacific Economic Cooperation (APEC) economies on Friday pledged greater support for Micro, Small, and Medium-sized enterprises (MSMEs) which have been hard hit by the COVID-19 outbreak.
The International Monetary Fund (IMF), says economic activity in sub-Saharan Africa is projected to recover by 3.1 per cent in 2021 after declining by 3.0 per cent in 2020.
Gov. Ifeanyi Okowa of Delta has called for the adoption and implementation of a viable and sustainable healthcare financing programme for states in the country.
Okowa made the call at the 40th Annual General Meeting and Scientific Conference of Nigerian Association of Resident Doctors, NARD, with the theme; “Health Care Infrastructure Optimization and Adaptation in the face of a Global Pandemic: The COVID-19 Challenge” as a theme at Delta State University Teaching Hospital, Oghara.
Vice President Yemi Osinbajo, and the Vice Presidential Candidate of the Peoples Democratic Party (PDP) in 2019 elections, Mr. Peter Obi, have both spoken on the need for the government to pay attention to education, saying that a nation’s development is directly proportional to the level of educational investment in the nation.
The National Information Technology Development Agency (NITDA) is to partner with the Nigeria Sovereign Investment Authority (NSIA) towards generating investment in Information Communication Technology (ICT), start-ups, to create jobs and wealth in the country.
The International Monetary Fund (IMF) on Wednesday said it would disburse 1 billion dollars to Angola to address the impact of the coronavirus pandemic.
APC Consolidation Group, a group in the ruling All Progressives Congress, APC-CG, has described Nigeria’s latest ranking as third in the Global Terrorism Index, GTI, as not only disappointing but also embarrassing.
The Director General of NASAL, Uchechukwu Chukwuma, who led a five-member delegation to the commission to present the award in Abuja recently, said “the award from NASAL not only underscores the remarkable leadership role by Danbatta in deepening the development and growth of the telecoms sector at the grassroots but also demonstrates the pivotal role of the EVC as a change agent, a catalyst for national development and a great Nigerian patriot.”
The Director-General, Debt Management Office, Patience Oniha, on Wednesday, defended the nation’s debt profile, saying there is nothing wrong with borrowing.
Australian officials say the nation has officially fallen into a recession for the first time since the early 1990s. Lockdowns and other restrictions imposed to contain the spread of COVID-19 have affected most parts of the economy, and hundreds of thousands of jobs have been lost.
The country joins the likes of America, Britain, and Germany in recording two quarters in a row of decline after the coronavirus pandemic crushed world economies.
The Federal Government has expressed its determination to continue funding the 2020 budget to ensure that the economy recovers as projected, even as the country’s Gross Domestic Product (GDP) contracted by -6.10 percent in the second quarter of 2020.
Minister of Science and Technology, Dr Ogbonnaya Onu, has received the interim report of the National Institute for Policy and Strategic Studies (NIPSS) on science, innovation and economy.
The Pharmacists Council of Nigeria (PCN), has urged the youth to desist from drug abuse in order to fulfill their potential and ensure national development.
Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound.
Osun State Government on Thursday said looting of government and private property in the state cut across 14 Local Government Areas, as it commenced return of the looted property items to owners who can identify their property
Eva Longoria has joined previously announced Matt Walsh on the in-production digital detox comedy Unplugging, which is currently in production in Oklahoma.
A statement by the Commissioner for Information in the state, Chief John Okiyi-Kalu, stated that the hoodlums who hijacked the otherwise peaceful #EndSARS protests took away vaccines, X-ray machines, sterilizers, air conditioners, fans, and other equipment as well as disposables and consumables carted away.
The Nigeria Labour Congress, NLC, on Thursday called for an end to all forms of medical tourism especially by elected and appointed government officials.
The University College Hospital (UCH), Ibadan, says it has beefed up security, following the threat of a planned attack on the teaching hospital by hoodlums.
Hackers reportedly stole $2.3 million from the Wisconsin Republican Party just weeks before the election using a scheme involving manipulated invoices, the Associated Press reports. The group noted the theft on October 22nd; Wisconsin Republican Party Chairman Andrew Hitt says that the FBI is currently investigating the case.
MTN Group has appointed Karl Toriola, the current vice president for MTN Group’s West and Central Africa (WECA) region, as CEO of MTN Nigeria.
Activities surrounding the #ENDSARS protest may mar the already documented Nigeria’s growth projection, the International Monetary Fund has said.
Akwa Ibom State Government has undertaken an on-the-spot assessment of properties vandalized in Uyo, the state capital, as an aftermath of the #EndSARS protest.