Tag: economic recession
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Why Nigeria is yet to recover from economic recession – NBS
The Statistician-General of the Federation, Yemi Kale, has revealed why the nation’s economy is yet to recover from the 2016 recession. Kale, who is also Chief Executive Officer of the National Bureau of Statistics, said the conflicts between farmers and herdsmen had dragged down the Gross Domestic Product in the first quarter of 2018. According…
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Special Report: Despite economic recession, Senate, Reps lavish N7.4bn on official vehicles in one year
By Olaotan Falade Despite the prevailing national economic woes and the escalated sufferings of the average Nigerian, the National Assembly (Senate and House of Representatives) have spent a total of N7,434,000,000 on official vehicles from 2016 to 2017, TheNewsGuru.com authoritatively reports. While the Senate took delivery of 36 exotic Sports Utility Vehicles, SUV, valued at…
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“Oh Lord deliver Nigeria”, Christians declare prayers for Buhari’s administration
An interdenominational praise and prayer team has declared an extraordinary night of prayers with the view to liberate the country Nigeria from the shackles of the prevailing economic realities for June. In a chat with TheNewsGuru correspondent in Sapele, Delta state, the host of the programme, Akporero Emmanuel Best, said, “We believe Nigeria is in…
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FG, CBN responsible for Nigeria’s recession – Soludo
Former Governor of Central Bank of Nigeria (CBN), Prof. Charles Soludo, on Thursday took a swipe at the approach adopted by the Federal Government and the apex bank, CBN in managing Nigeria’s economy which according to him led to the present economic recession. Soludo said this in a paper he delivered at the 2017 International…
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Recession: We can see the light at the end of the tunnel – Vice President Osinbajo
In the darkness occasioned by the prevailing economic crisis in the country, Vice President Yemi Osinbajo has said the government of the day is seeing light at the end of the tunnel. Vice President Osinbajo was speaking at The Platform May Day event when he made the comment, and said there is already the Strategic…
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Corruption is bane of Nigeria’s economic recession – Magu
The acting chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has said Nigeria slipped into recession because of the massive looting that took place in both public and private organisations. He said this accounts for why federal government was hell bent on retrieving all the stolen funds. Speaking in an interview…