gross domestic product

About 20 million jobs are at risk in Africa as the continent’s economies are projected to shrink this year due to the impact of the coronavirus pandemic, according an African Union (AU) study.

President of the Senate, Senator Ahmad Ibrahim Lawan, has decried Nigeria’s poor performance in the area of Agricultural Research and Development.

The deadly coronavirus, which originated from China, has hit more 21 African nations.

The list of African nations hit by the coronavirus keeps growing, with Namibia, Rwanda, and Eswatini among those reporting their first cases.

President of the Senate, Ahmad Lawan, has sought the assistance of the United Nations on the repatriation of looted funds back to Nigeria.

Nigeria’s re-emergence as Africa’s biggest economy followed South Africa’s slump into its second recession in two years, as severe rolling power blackouts frustrate President Cyril Ramaphosa’s attempt to revive growth.

Nigeria’s economic growth beat forecasts in the fourth quarter, helping its economy to expand the most in four years in 2019 as oil output increased and the central bank took steps to boost credit growth. GDP in the West African country stood at $476 billion or $402 billion, depending on the rate used. =

The Lagos Chamber of Commerce and Industry (LCCI) rated the latest 2.27 per cent Gross Domestic Product (GDP) growth recorded in the nation’s economy as sluggish and incapable of creating jobs and lifting millions of Nigerians out of the poverty trap.

Lagos State Governor, Mr. Babajide Sanwo-Olu, has stressed that to achieve the desire of making Lagos a 21st Century Economy, his administration will uphold Smart-Agriculture driven by innovative technologies in tandem with international standards.

The Federal Ministry of Education, FME, has indicated that from next year all the 104 Unity Schools will participate in the First Lego League, FLL, National Robotics Championship Competition.

Three states are ready for the take off of the National Livestock Transformation Plan (NLTP) of National Economic Council (NEC), Governor Dave Umahi of Ebonyi State has said.

The quarterly report released by the National Bureau Statistics, NBS, on Monday indicates that Nigeria exceeded its GDP projection for 2019 fiscal year.

The National Bureau of Statistics (NBS), on Monday, released its 2019 Gross Domestic Product report which showed that the economy recorded a 2.27 per cent growth in the year.

The National Bureau of Statistics on Monday released the Gross Domestic Product report for the 2019 fiscal year with the economy growing by 2.27 per cent in 2019.

Nigeria’s gross domestic product grew by 2.27% in 2019, data released by the National Bureau of Statistics has shown.

The International Monetary Fund (IMF) has announced a downward review of its 2020 growth forecast for Nigeria to two per cent from the 2.5 per cent it predicted earlier.

The International Monetary Fund (IMF) has revised downward its 2020 Gross Domestic Product (GDP) forecast for Nigeria to two per cent, from the 2.5 per cent it had predicted earlier.

Director General of the Nigerian Insurers Association (NIA), Mrs. Yetunde Ilori, has said that the new Finance Act 2020 will improve the insurance industry contribution to the Gross Domestic Product, GDP, in Nigeria.