Tag: Growth
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Maritime: FG projects 10% growth in 2019
As NIMASA Predicts More Shipping Activities The Federal Government on Tuesday projected a 10 per cent growth in the Nigerian maritime industry. This was contained in the 2019/2020 maritime forecast unveiled by the Nigerian Maritime Administration and Safety Agency (NIMASA) in Lagos. The forecast, the second in the series, tagged “Harnessing the Maritime and Shipping…
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Lagos economy will grow by four per cent to $136b in 2019 – IMF
Governor Akinwunmi Ambode on Wednesday said the economy of the state would grow by four per cent in 2019. Ambode, who spoke at separate meetings on Tuesday in an address he delivered to the state’s foremost social clubs – the Yoruba Tennis Club and Island Club, said “Lagos on a stand-alone basis in the year…
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Increment in minimum wage will stimulate economic growth – CBN
The Central Bank of Nigeria (CBN) on Thursday said the proposed increase in minimum wage for Nigerian workers would stimulate output growth in the economy. Godwin Emefiele, CBN governor, made this known in a communique published at the end of the 264th meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria…
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How private sector can help revive Nigeria’s economy – Osinbajo
Vice President Yemi Osinbajo has given an insight on how the private sector can help revive the nation’s economy. The Vice President explained that the government alone cannot fix the economy. He said a private sector-led economy encapsulates the economic vision of the Muhammadu Buhari administration, saying the government is working on conducive environment to…
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Nigeria on path of resurrection, progress – Osinbajo
Vice-President Yemi Osinbajo on Sunday in Abuja, assured Nigerians that Nigeria was on the path of resurrection and progress, as Christians the world over celebrate this year’s Easter. Osinbajo gave the assurance when he spoke with journalists shortly after the Easter Sunday Service at the Aso Villa Chapel, to mark this year’s Easter celebration. According…
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First Bank gears up to achieve customer growth target
First Bank Nigeria Limited is stepping up efforts to ensure that it meets its growth target of 30million customers over the next three years, the lender has said. Managing Director/Chief Executive, FirstBank Limited, Dr. Adesola Adedutan, had announced last May that the Tier 1 lender had begun implementing a three-year strategy that would result in…
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ERGP: Nigeria can achieve GDP growth target in 2018 – Udoma
The Minister of Budget and National Planning, Sen. Udoma Udo Udoma says the 4.8 per cent Gross Domestic Product (GDP) growth targeted in Economic Recovery and Growth Plan (ERGP) for 2018 is achievable. Udoma said this in a statement issued by his Media Adviser, Mr James Akpandem on Sunday in Abuja. The minister gave the…
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Nigeria, India, 7 other countries to account for half of world population growth by 2050 – UN
The UN says nine countries will account for half of the world’s population growth from 7.6 billion in 2017 to 9.8 billion in 2050. The UN in a projection, named India, Nigeria, the Democratic Republic of Congo, Pakistan, Ethiopia, Tanzania, the United States, Uganda and Indonesia, the report from the UN’s Department of Economic and…
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Telecoms sector records 0.80 % growth in 4th quarter of 2016- NBS
The National Bureau of Statistics, NBS has said there were 154,529,780 subscribers as at December 2016, compare with 153,299,535 in September 2016, which represents a quarterly increase of 0.80 per cent. This was revealed in the Nigeria Telecommunications Sector Summary Report for December 2016 as released by the NBS in Abuja on Tuesday. The report…