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Nigeria has formally entered its second economic recession in five years as the severe impact of the COVID-19 pandemic on global crude oil prices and restrictions imposed to curb the virus caused the nation’s economy to contract for the second consecutive quarter by 3.62 percent in the third quarter of 2020.
The Lagos Chamber of Commerce and Industry (LCCI) says the nation’s economic contraction of 3.62 per cent of the third quarter against the 6.1 per cent of the second quarter of the year may indicate that the worst is over.
President Muhammadu Buhari on Thursday admitted that Nigeria has 200 million poor people and asked the Organisation of Petroleum Exporting Countries (OPEC) to consider this when sharing production cuts.
A group, Forum of Plateau Mothers, has advised the Plateau State Governor, Simon Lalong, to churn out programmes that can engage youths in entrepreneurship, stressing that it remains the only means to keep them away from crime.
President Muhammadu Buhari on Thursday said that smallholder farmers have seen their livelihoods constrained by a host of challenges such as low productivity, lack of reliable markets, and poor rural access roads.
The Defence Headquarters says troops have eliminated no fewer than 108 bandits in the North-west and scores of terrorists in the North-east in the last one week.
Kano State Governor Abdullahi Umar Ganduje said on Wednesday that his administration had spent about N1.8 billion to sponsor students to Nigerian private universities.
Speaking when representatives of the federal government, including the Interior Minister, Mr Rauf Aregbesola, and his Police Affairs counterpart, Mr Muhammad Dingyadi, visited Lagos, the leaders urged both ministers to facilitate the process of according the state a special place among the states in the country.
The Air Component of “Operation Hadarin Daji” has neutralised no fewer than 17 armed bandits and destroyed their camp in the Dunya Forest area of Katsina State.
However, Gernot Rohr kept faith with the Spata Rotherham goalkeeper for the second leg of the game in Freetown and the 19-year-old went on to record his first clean sheet for the three-time African champions.
Super Eagles forward Victor Osimhen says Napoli boss, Gennaro Gattuso was a ‘important’ consideration for joining the club.
The Minority Caucus in the House of Representatives has congratulated former President Goodluck Jonathan on his 63rd birthday, describing him as an outstanding statesman and quintessential democrat.