Tag: Economy
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Maritime will help grow Nigeria’s economy, AAMA Chairman says
…As MOWCA Seeks Co-operation with AAMA The Chairman of the Association of African Maritime Administration, (AAMA) Dr. Dakuku Peterside has stated that the maritime sector is crucial to the growth and development of the African economy. The AAMA Chairman who stated this when the Secretary-General of the Maritime Organisation of West and Central Africa (MOWCA),…
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Our economy will perform better this year – Udoma assures Nigerians
The Minister of Budget and National Planning, Senator Udo Udoma on Saturday assured Nigerians that the economy will perform better than it did in 2017. The minister explained that judging by the consistent positive trend of key indicators since the country emerged from recession in the second quarter of last year, all seems good for…
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FG targets technology-based economy by 2030
The Federal Government says it is fully committed to revamping the nation’s economy from a resource-base to a science and technology-based economy by 2030. Minister of Science and Technology, Dr Ogbonnaya Onu, gave the assurance at the South-South Sensitisation to the National Science, Technology and Innovation Roadmap (NSTIR) 2030 on Friday in Port Harcourt. He…
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FG mulls maximum benefits from STI-based economy
The Federal Government said it would intensify efforts toward employing the right policies to access the benefits to be derived from a Science, Technology and Innovation (STI)-based economy. Mr Abayomi Oguntade, the Director of Bio-Resources Technology Department, Federal Ministry of Science and Technology (FMST), made this known on Thursday. “Employing right policies in science and…
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2018: Let us pray for an improved economy – Saraki
President of the Senate, Dr. Abubakar Bukola Saraki, has extended his heart felt good wishes to all Nigerians in the New Year, with a clarion call on them to pray for a full recovery of the economy in 2018. Saraki in a New Year message signed by his Special Adviser on Media and Publicity, Yusuph…
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Nigeria’s economy still vulnerable despite recession exit – IMF
The International Monetary Fund (IMF) on Friday said that in spite of Nigeria exiting the recession, the economy of the country was still vulnerable. The IMF in a statement by Raphael Ranspach, its Media and Press Officer, welcomed the Federal Government’s actions to improve the power sector and business environment under the Economic Recovery and…
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Amaechi spearheads national policy on Blue Economy – Peterside
The Director- General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, said the Minister of Transportation, Mr Rotimi Amaechi, has initiated plans to create a national policy on Blue Economy. Peterside said this in Lagos on Thursday during an enlightenment workshop organised for directors of Nigerian Shippers’ Council (NSC). According to him, the…
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Will $5.5bn loan revive the economy? By Henry Boyo
By Henry Boyo What do you think of the Federal Government’s plan to borrow another $5.5 billion, to service existing debts and sustain recovery from recession? I would like to think that the government knows what it is doing, however, when you examine the platform on which government bases its expectations, it becomes arguable…
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Nigeria’s economy dying from multiple taxation, infrastructure deficit – LCCI
The Director of Research and Advocacy of the Lagos Chamber of Commerce and Industry (LCCI), Dr Vincent Nwani, stated on Wednesday that multiple taxation and infrastructure deficits were harming the nation’s economy. Nwani, an economist, made the observation in a paper entitled: “Regulations Undoing Diversification of the Economy” at the Breakfast Policy Dialogue, organised by…
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Again, MPC retains lending rate at 14%, affirms economy will improve after recession exit
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the benchmark lending rate and other monetary policy rates against a backdrop of macroeconomic stability. The CBN Governor, Mr Godwin Emefiele, said this on Tuesday in Abuja while addressing newsmen on the outcome of the MPC meeting. Emefiele said that…