Nigerian Economy

The Minister of Information and Culture, Alhaji Lai Mohammed says Creative Industry is the fastest growing sector of the Nigerian economy in terms of business opportunities, employment generation, earnings as well as entertainment.

The International Monetary Fund (IMF) in its World Economic Outlook (WEO) released Monday has projected that the Nigerian economy will grow at 2.5 per cent this year and next year, same as it had predicted in its October 2019 WEO.

In the survey and investigations carried out, Nigerian rice namely: Umza and Fursa Crown from Kano, Mama Happy from Niger, Labana Rice from Kebbi, Olam Rice from Nasarawa, Abakaliki Rice from Ebonyi, Ofada Rice from Ogun State, Swomen Dama from Plateau, Lake Rice of Lagos/Kebbi States among others have dominated the Nigerian Rice markets.

The Nigerian Stock Exchange (NSE) has expressed optimism that the current recovery at the stock market will be sustained. Its optimism is based on the improved macroeconomic conditions and favourable global economic outlook.

Mr Joseph Bassey, Deputy Speaker of Cross River House of Assembly has called on government at all levels to explore the agricultural sector with a view to improve on the nation’s economic.

The Minister of Industry, Trade and Investment, Mr Richard Adebayo, said that the ministry would partner Dangote Group to set up a Foreign Trade Academy.

Mrs Abike Dabiri-Erewa, the Chairman/CEO, Nigerians in the Diaspora Commission (NIDCOM), has said that stronger partnership between intelligent Nigerians and Indians in Diaspora is capable of transforming the world.

A member of the Lagos State Chapter of the Poultry Association of Nigeria told the Federal Government on Tuesday to extend the closure of land borders to a minimum of five years.

A socio-political group known as South-East Youths Development Initiative, has praised President Muhammadu Buhari for appointing Mr Uche Onwude as a Non-Executive Commissioner of the Nigeria Communications Commission (NCC).

Mrs Abike Dabiri-Erewa, the Chairman of Nigerians in Diaspora Commission (NIDC), on Saturday said the commission was pressing seeking an amendment of the Electoral Law to enable more than 20 million Nigerians living abroad to vote in country’s general election.

President of the Senate, Ahmad Lawan, has said that the passage of the 2020 Budget by the National Assembly and its prompt assent by `will have significant impact on the country’s economy starting from January next year.

President of the Senate, Ahmad Lawan, on Wednesday assured investors who are willing and ready to invest into the Nigerian economy of adequate protection and support.

The Asset Management Corporation of Nigeria (AMCON) on Thursday presented what it described as the ‘correct account’ in the case between the corporation and Senator Ifeanyi Ubah over alleged N135 billion bad debt.

The Central Bank of Nigeria (CBN) said on Tuesday that it has put in place new policy initiatives and strategies to ensure that bank debtors no longer escape from sanctions.

The Central Bank of Nigeria (CBN) expects to achieve 2.38 per cent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year.

Private and public sectors experts have advised governments at all levels to use the capital market to bridge funding gap and develop much-needed infrastructure.

The Minister of Works and Housing, Babatunde Fashola, has said 80 out of 524 ongoing road and bridge projects across the nation will be prioritised.

The Deputy Governor, Corporate Services of the Central Bank of Nigeria, Edward Lamatek Adamu has revealed that the plethora of economic interventions of the apex bank have saved the federal government about N1.3 trillion via import bills.