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Gross Domestic Products

Kayode Fayemi: What I achieved as minister of mines

The Minister of Mines and Steel Development, Kayode Fayemi, said that the revenue from exports in the mining sector increased by 592 per cent between 2016 and 2017.

Experts: Nigeria’s solid mineral export potential may hit N10 trillion

Experts have said that Nigeria’s solid mineral sector is capable of generating over N10 trillion revenue in export, providing five million jobs and contributing over 20 per cent to Gross Domestic Products (GDP).

UNICEF: Nigeria needs $80bn annually for improved water, sanitation, hygiene

Nigeria needs to invest $80 billion annually on water, sanitation and hygiene to meet the 2030 Sustainable Development Goal.

Economist: Britain’s plan to add Naira as trade currency’ll boost local businesses

An economist, Prof. Okey Onuchuku on Monday, said Britain’s export finance agency’s plan to add the Naira to its list of pre-approved currencies would boost the value of Nigerian currency.

Economist urges National Assembly to appropriate more funds for infrastructure

An economist, Mr Boniface Ekezie, on Tuesday urged the National Assembly to appropriate more budgetary allocations for the nation’s infrastructure in order to accelerate growth in the economy.

Federal govt is set to tackle unemployment – Chris Ngige

One of the crises confronting the Nigerian nation is the seemingly intractable employment crisis which experts and many social commentators warn that it is a time bomb waiting to explode.

Naira forecasted for better performance in 2018

Prof. Hassan Oaikhenan of the Department of Economics and Statistics, University of Benin, said the foreign exchange environment would likely witness some favourable effects in 2018.

IMF ends week-long mission to Congo Republic

The International Monetary Fund (IMF) ended a week of negotiations aimed at hammering out a deal to bail out Congo Republic’s debt-plagued economy.

Nigeria needs stronger policies to curb deforestation, climate change – Ex-President Obasanjo

Former President Olusegun Obasanjo has called on government at all levels to prioritise on policies that could effectively and adequately curtail environmental degradation through deforestation.

VP Yemi Osinbajo, Tony Elumelu, Aliko Dangote others seek business growth in Africa

Vice President, Prof. Yemi Osinbajo, Africa’s richest man, Aliko Dangote, and founder, Tony Elumelu Foundation, Tony Elumelu, were among prominent Africans that yesterday, unanimously agreed that entrepreneurship will create the needed jobs, increase the Gross Domestic Products (GDP), and generate revenue for governments on the continent.

President Buhari charges accountants on illegal financial transactions

President Muhammadu Buhari has described accountants as the first set of gatekeepers to ensuring that all transactions are conducted prudently and charged them to avoid being used in executing illegal financial deals.

Nigerian flutist Tee Mac calls for revival of live shows

A musician, Omatshola Iseli, also known as Tee Mac, has advised artistes and other stakeholders in the tourism sector to revive live shows as a means of attracting international tourists to Nigeria.

Politics of identity, Nigeria’s greatest problem – Museveni

Uganda President Yoweri Museveni, has identified politics of identity as Nigeria’s greatest problem to achieve its developmental goals, saying unless citizens do away with it, the country’s quest for economic growth will remain a mirage.

Why food prices are still high despite Nigeria’s exit from recession – NBS

Statistician-General of the Federation, Dr. Yemi Kale, has explained why food prices are still high, despite Nigeria’s exit from recession, giving reasons why Nigerians may not feel the immediate impact of the recession exit.

Nigerians will feel impact of exiting recession gradually – NBS

Dr Yemi Kale, the Chief Executive Officer, National Bureau of Statistics (NBS), has said that the effect of Nigeria coming out of recession will not be immediately felt by the people.

Fed govt to boost Nigeria’s GDP via biotechnology – official

The Federal Government on Tuesday announced plans to improve the country’s Gross Domestic Products via biotechnology (the use of biological processes in industrial production).

Monetary policy offers limited tools for economic recovery

Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), says monetary policy offers limited tools for dealing with the current economic challenges in the country.

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