Tag Archives: economy

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Minister of Finance, Mrs. Kemi Adeosun, on Thursday sought the understanding of members of the private sector in the ongoing policy review by the current administration. The minister, who spoke during the visit of the leadership of the Nigerian Economic Summit Group, (NESG) to her office in Abuja, challenged the private sector body to come up with policies which are implementable ...