Saturday 17th April 2021
Saturday, 17th of April 2021
Home / Tag: economy

Tag Archives: economy

How erratic weather slows down the economy, by experts

Erratic weather

If temperature varies strongly from day to day, the economy grows less. Through these seemingly small variations climate change may have strong effects on economic growth. Erratic weather This shows data analysed by researchers from the Potsdam Institute for Climate Impact Research (PIK), Columbia University and the Mercator Research Institute on Global Commons and Climate Change (MCC). In a new ...

Read More »

Growing the economy of Nigerian states to achieve their true potential

Muhammadu Buhari

Nigeria, 60 years after independence, is at a crossroad and the economy needs urgent reforms. With oil and gas which accounts for about 10% of Nigeria GDP, 50% of government revenues and over 90% of export earnings with crude oil trading at less than $40. Now more than ever we need to reverse this overdependence on oil. President Muhammadu Buhari ...

Read More »

COVID-19: Lagos considers to fully re-open its economy

Lagos State on Covid-19

The Lagos State Government says it is considering full re-opening of the critical sectors of its economy after assessing the readiness of businesses to re-open. Lagos State Governor, Mr Babajide Sanwo-Olu (middle), addressing the media; Deputy Governor, Dr Obafemi Hamzat (left); Commissioner of Police, Lagos Command, Mr Hakeem Odumosu (right); and Head of Service, Mr Hakeem Muri-Okunola (behind), during a ...

Read More »

Dark side of COVID-19 on the building industry

Construction site

Nigerians living in the Federal Capital Territory (FCT) Abuja, Lagos and Ogun states applauded president Muhammadu Buhari when he unveiled his plan to partially relax the five weeks lockdown order that kept many at home and brought the economy to a zero level. A building construction site Although the stay-at-home directive was introduced as one of the measures deployed by ...

Read More »

World Environment Day: What vultures’ decline portends for health, economy – NCF


Director General, Nigerian Conservation Foundation (NCF), Adeniyi Karunwi, is bothered by the rate at which vultures are declining. In this treatise, he emphasises that people need to be aware of the good services vultures provide to them, and as such participate in tackling the troubles faced by the endangered birds The decline of vultures in Nigeria should be everyone’s concern ...

Read More »

Nigeria drafts plan to achieve economic diversity through agricultural investments

Chief Audu Ogbeh

Nigeria aims to be a leading light for continent-wide effort to harness the potential of food production to become a significant source of jobs on and off the farm The Nigerian Government in Abuja on Wednesday, February 22 2017 welcomed senior officials from the African Union Commission and agriculture experts from across the continent for an intensive three-day meeting to ...

Read More »

New housing fund will stimulate economy, says minister


Finance Minister, Mrs. Kemi Adeosun, has disclosed that the N500 billion housing funding approved by the National Executive Council last week will stimulate economic activities and return the economy to the path of growth. Adeosun told journalists in her office in Abuja recently that a mass housing scheme that would make Nigerians become homeowners under a mortgage arrangement would commence ...

Read More »

Propel your way out of recession, Adesina urges Nigeria

Akinwumi Adesina

Akinwumi Adesina, President of the African Development Bank (AfDB), on Monday in Abuja stressed the need Monday for Nigeria to put in place the right incentives to boost private investment, revive growth and move out of recession. He also reassured authorities of the Bank’s unwavering support during these difficult times. “What is needed is not only to spend your way ...

Read More »

FG to release N350 billion for capital projects

Kemi Adeosun

Minister of Finance, Mrs. Kemi Adeosun, has disclosed that a sum of N350 billion capital votes will be released immediately into the system as the Federal Government continues to tackle the economic crisis currently facing the nation. The minister, who spoke at a press briefing in Abuja on Friday, said the current administration is not backing down on its decision to ...

Read More »

Eurobonds offer succour for budget financing

Dr. Abraham Nwankwo

As the Federal Government begins the process of borrowing from the international markets, by way of floating $1 billion Eurobonds, all eyes are on the relevant authorities for proper utilisation of the bonds The Debt Management Office (DMO) on behalf of the Federal Government has commenced bids for the engagement of two international banks as joint lead managers and a ...

Read More »