Nigeria Economy

Despite the increasing wave of unemployment in Nigeria, the Director General of Industrial Training Fund (ITF), Joseph Ari, said it was difficult and hard to fill in vacancies that existed in 925 trades in the country’s labour market due to lack of requisites skills.

The Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertilizer projects come on stream.

The Ministry of Industry Trade and Investment, has said that the Economic Recovery and Growth Plan (ERGP) identified the development of Special Economic Zones (SEZs) as a major strategic tool to accelerate the implementation of the Nigeria industrial revolution plan (NIRP).

Prof. Jerry Gana, a presidential aspirant under the Social Democratic Party, has promised to invest heavily in security to stem current spate of insecurity in the country if elected.

A civil society group, Empowerment for Unemployed Youth Initiative (EUYI), has petitioned the Economic and Financial Crime Commission (EFCC) over fraud against Nigeria by General Electric (GE) International and Rockson Engineering Nigeria Ltd.

Former Gov. Attahiru Bafarawa of Sokoto State on Monday pledged to embrace restructuring and focus on the economy of the nation, if elected president in 2019.

The Central Bank of Nigeria (CBN) will be refunding Cash Reserve Ratio (CRR) to banks that fund projects in agriculture and manufacturing sectors, its Director of Banking Supervision, Abdullahi Ahmad, has said.

Nigeria must urgently consider privatising her redundant assets to raise the required funds to grow the economy and ensure stability, Vice Chairman, Technical Committee of the National Council on Privatisation, Ayo Teriba, said.

The All Progressive Congress (APC) North West chapter on Sunday inaugurated volunteers committed to propagating the achievements of President Muhammadu Buhari administration.

A presidential aspirant of the Young People’s Party, Prof. Kingsley Moghalu, has appealed to the people of Kano State to join hands with the rest of Nigerians to retire President Muhammad Buhari from Aso Rock in 2019.

Nigeria recorded an increase of N1.18tn in merchandise trade from N6.02tn in the fourth quarter of last year to N7.21tn in the first quarter of this year.

The secretary of Peoples Democratic Party, PDP, South-East region, Mr. Chijioke Ekwegh, yesterday, said that Nigeria’s economy is in an emergency.

Mr Ahmed Kuru, the Managing Director, Asset Management Corporation of Nigeria (AMCON) on Friday said the corporation recovered N740 billion from debtors in 2017.

Former Deputy Governor of the Central Bank of Nigeria (CBN) and Chairman of the Federal Roads Management Agency (FERMA), Tunde Lemo, will deliver a keynote address at the Risk Managers Association of Nigeria’s (RIMAN) 18th yearly international conference and training.

The Peoples Democratic Party (PDP) has asked Vice-President Yemi Osinbajo not to belittle his high office by allowing himself to be used as poster boy to bandy figures and make unsubstantiated statements against the opposition.

The Federal Government has laid to rest fears by employers of Labour and various state governments that the idea of the minimum wage was to impose on them a uniform pay package for workers in both the public and private sector of the Nigeria Economy.

The Osun State Commissioner of Police, Adeoye Fimihan, has confirmed the arrest of six persons in connection with the printing, selling and spending of fake local and foreign currencies.

General Secretary of Textile union and NEC member of Nigeria Labour Congress (NLC), Issa Aremu, has said that there is no evidence to show that Nigeria has overcome the economic recession.