Tag: Economy
-
FG’s GDP growth meaningless with rising poverty – Obi
The vice presidential candidate of the Peoples Democratic Party in the 2019 general elections, Peter Obi, has condemned the latest National Bureau of Statistics report which stated that the country’s economy has recorded a five per cent growth to Gross Domestic Product growth.
-
Nigeria’s economy gradually picking up – Minister of Finance
Nigeria’s economy gradually picking up
-
Nigeria’s economy on right tract – CBN
Dr Hassan Mahmud, Director, Monetary Policy Department of the Central Bank of Nigeria (CBN) said there were positive sides to Nigeria’s economic growth, despite uncertainties in the domestic and global economy. Mahmud said this at the Mid-year Economic Review and Outlook 2021, organised by the CIBN Centre for Financial Studies, in collaboration with B. Adedipe…
-
Niger Delta Avengers return, launch ‘Operation Humble’ to cripple economy into permanent recession
The Niger Delta Avengers (NDA) has announced its return to the Niger Delta Creeks with ‘Operation Humble’ designed to destroy targeted oil installations in the region. The NDA in a statement it posted on its website at the weekend vowed to “humble” the economy into permanent recession. The statement also said the operation would target…
-
Fashola says bridge building, maintenance creates new economy
Babatunde Fashola, Minister of Works and Housing says construction and maintenance of bridges across the country is creating new economies not known to exist in the system before. Fashola said this when a delegation of Ohafia traditional Rulers and Leaders of Thought led by Mr Awa kalu (SAN) paid him a courtesy visit on Thursday…
-
Economy: Nobody will spend his money in unstable environment -Buhari
President Muhammadu Buhari has said no sane investor will invest in Nigeria because of its instability. Buhari while trying to justify the high level of instability in Nigeria gave an example of Lagos where 200 buses purchased by the Lagos State Government were burnt by hoodlums. He rhetorically asked his interviewers “Who will invest in…
-
Nigerians may eat grass and like it – Dele Sobowale
By Adele Sobowale Love and business and family and religion and art and patriotism are nothing but shadows of words when a man is starving. O Henry, 1862-1910, VANGUARD BOOK OF QUOTATIONS, VBQ, p 232. Rats, lizards, cockroaches etc might also be on the national menu in 2021. We have already added another trophy to…
-
Nigerian banking in trouble – Dele Sobowale
By Dele Sobowale “Impress it on the mind of any man that he can do no wrong; and he will soon convince you of your mistake.” In almost thirty years of writing articles for Nigerian newspapers, it had been my policy to seldom get involved with endorsing individuals for any office – public or private.…
-
Diaspora cash remittances as a metaphor for Nigeria’s economic malaise – Dele Sobowale
By Dele Sobowale “Diaspora cash remittances drop by 27% to $17.2bn in 2020.” Diaspora cash flows in 2020 were bound to be lower than those of 2019. COVID-19 made it impossible for Nigerians worldwide to work; earn income and send money home. Most were living on food donations by charities or Local Governments. It is…
-
Nigeria’s economy remains weak with too much unemployment-–Tinubu
All Progressives Congress leader, Bola Tinubu, has stated that though Nigeria has left recession, the country’s economy remains weak. Tinubu made this known in Kaduna on Saturday while delivering a speech as the chairman of the 2021 Sardauna Memorial Lecture held in honour of one of Nigeria’s founding fathers, the late Sir, Ahmadu Bello. Lecturing…