Nigerian Economy

There are hidden economic opportunities in taxation which government should explore by brining more people into the tax net, the Executive Vice Chairman, Alpha African Advisory, Mustafa Chike-Obi, has said.

Front line runner for the position of Senate President, Senator Ahmad Lawan, on Friday, unveiled his agenda for the Ninth Senate if elected Senate President.

The Managing Director and Chief Executive Officer of the National Inland Waterways Authority (NIWA), Senator Olorunnimbe Mamora, has said that Nigeria’s inland waterways system is grossly underfunded.

Following the confirmation of his re-appointment as Governor of the Central Bank of Nigeria (CBN) by the Senate, Mr. Godwin Emefiele, on Monday, formally assumed duty after subscribing to the relevant Oath of Office administered by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs. Alice Karau.

The Urhobo Political Group, a pressure group within the ruling All Progressives Congress (APC), has endorsed the ambition of former governor of Abia State and Senator-elect, Orji Uzor Kalu, to become the next Deputy Senator President in the ninth National Assembly billed for inauguration next month.

The Federal Government appears set to address the issues and proffer solutions to challenges identified to be causing low air freight activities at the Kano International Airport.

The Federal Government has adopted strategies to generate 20 million jobs in the agriculture, construction, transport and the services sectors in its second term, Mr Okechukwu Enelamah, the Minister of Industry, Trade and Investment, has said.

The Governor, Central Bank of Nigeria, CBN, Mr Godwin Emefiele, yesterday said that the apex bank will sustain its use of unconventional monetary policy to boost economic growth and enhance price stability.

The Federal Government on Thursday said it was set to proffer solutions to the challenges identified to be causing low airfreight activities at the Kano international airport.

The quantum of investment in the Nigerian economy by Chinese companies has hit $20bn, the President, China Chambers of Commerce in Nigeria, Mr Ye Shuijin, has disclosed.

The Nigerian Export Promotion Council (NEPC) says it has trained more than 200 youths toward building their capacity to embark on business successfully and to promote exportation.

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.

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.

Nigeria is still in darkness because of infrastructural deficit and the huge debt owed power generation companies (GenCos) by power distribution companies (DisCos), Century Power Generation Company Limited Chief Executive Officer, Dr Chukwueloka Umeh, said at the weekend.

The African Union has urged Nigeria, the continent’s biggest economy, to join a new pan-African trade zone before the agreement comes into effect at the end of the month.

The Presidency has described as “dubious’’ and ‘`absolute falsehood’’, the allegations that the Federal Government gave N100 billion to Miyetti Allah and insisted that government would continue to dialogue with all groups in the interest of national unity and peace.

The Academic Staff Union of Research Institutions (ASURI) has pleaded with President Muhammadu Buhari to sign the National Research and Innovation Council (NRIC) Bill, into law to accelerate the country’s industrialization.

The Minister of Industry, Trade and Investment, Okechukwu Enelamah, says the N14.3 billion meant for Nigeria Special Economic Zones Company (NSEZCO) is still in Central Bank of Nigeria account.