Tag: Economy
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Nigeria’s economy will rebound by third quarter – Bankers’ committee
The Director of Banking Supervision, Central Bank of Nigeria (CBN), Mr Ahmed Abdullahi on Thursday said that the economy would record tremendous improvement by the third quarter of the year. Abdullahi said while briefing newsmen on the outcome of the 333rd Bankers’ Committee meeting in Lagos. According to him, this is because the foreign exchange…
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2nd Year Anniversary: ASUU rates Buhari low on education, economy
The Academic Staff Union of Universities (ASUU) on Monday said the President Muhammadu Buhari led administration performed low in education and economy since assuming office two years ago. The union noted that it will be difficult for any Nigeria university to effectively compete globally with the attitude of Buhari not to allocate enough funds as…
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Invest more in agriculture, economist urges FG
Dr Aminu Usman has advised the Federal Government to invest more in agriculture during the current rainy season and support farmers with inputs to boost food production. Usman, an economist at the Kaduna State University, gave the advice in an interview with the News Agency of Nigeria on Tuesday in Abuja. He said that agriculture…
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Recession: We’ll come out bigger, stronger — Osinbajo
The Acting President, Prof. Yemi Osinbajo, on Thursday assured investors that the country would come out of economic recession stronger and bigger with its Economic Recovery and Growth Plan (ERGP) policy. The acting president gave the assurance at the Presidential Policy Dialogue Session, organised by Lagos Chamber of Commerce and Industry (LCCI) in Lagos. According…
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Failure to diversify economy during oil boom, triggered Nigeria’s recession – CBN
The Central Bank of Nigeria, CBN, has said the country slipped into recession because previous administrations refused to save and diversify the economy during the oil boom days. The apex bank noted that recently there has been a major decline in the prices of oil globally and this has further worsened the economic depression in…
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![EXCLUSIVE INTERVIEW: [Video]The trouble with Nigeria’s economy [Part II], by Henry Boyo](https://thenewsguru.ng/wp-content/uploads/2017/05/Henry-Boyo.jpg)
EXCLUSIVE INTERVIEW: [Video]The trouble with Nigeria’s economy [Part II], by Henry Boyo
This is the concluding part of the interview. Click here for Part One You see I have observed for a long time the very close correlation between deepening poverty and a weaker naira exchange rate. When the naira exchanged for 50k to one dollar, nobody identified Nigeria as being among the poorest nations in the…
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EXCLUSIVE INTERVIEW: [Video] The trouble with Nigeria’s economy, by Henry Boyo
Take One: Inflation is a ravager, destroyer, an enemy of government and the people. If Inflation, which is undeniably instigated by the fact that there is too much money in the system, is left unrestrained, you find out that the social values will also collapse. Take Two: To make sure that they can control this…
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Economy recovery only possible if… – MAN
The Manufacturing Association of Nigeria (MAN) has called on Nigerians to patronize made in Nigeria goods to help develop the manufacturing sector, stressing it is the only way to recover the economy. Mr Olu Odun, President of the Association told the News Agency of Nigeria at the Media Launch on Made in Nigeria goods in…
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Recession: Sub-Saharan Africa economy to recover slightly in 2017 – IMF
Economic growth in sub-Saharan Africa should recover slightly to 2.6 per cent this year after a more than two-decade low in 2016 as commodity exporters face lower prices, the International Monetary Fund, IMF, said on Tuesday. The slight rebound will be driven by a recovery in oil production in Nigeria, higher public spending ahead of…
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EXCLUSIVE: IMF, World Bank conspiring to kill Nigeria’s economy – Boyo
…Says FG, CBN not sincere about strengthening the Naira Renowned economist and founder, Allied Technol Systems Limited, Henry Boyo, has found the World Bank and its sister organization, the International Monetary Fund, IMF, culpable in respect of Nigeria’s economic woes. Without mincing words, he names the Bretton Woods institutions guilty for their actions and inactions…