Tag: recession
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FG tackling recession with available resources – Minister
The Minister of Defence, retired Brig.-Gen. Mansur Dan-Ali, says the Federal Government is responding to the economic recession through the use of all available resources in the country. Dan-Ali made the assertion at the inauguration of the 207 Quick Response Group of the Nigerian Air force (NAF) in Gusau on Friday. The minister said government…
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I don’t believe there is a recession- Ras Kimono
More than 28 years after he ruled the reggae genre with his unique brand of music, veteran reggae musician Ras Kimono, is still ageless and youthful. In an exclusive chat with The News Guru, he talks about the dearth of positive lyrics in contemporary Nigerian music and also says he doesn’t believe Nigeria is in…
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Davido is not experiencing any recession!
The self proclaimed Omo Baba Olowo, Davido has proved once again that recession is not his experience. Excited Davido took to his instagram page to show off his newly acquired car, Range Rover 2017 and stacks of dollars.He is the first Nigerian celebrity to acquire 2017 Range Rover. Though Davido didn’t do well musically in…
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Recession: Beer parlour operators in Lagos lament poor patronage
A trip to some beer parlours in Lagos, has revealed that their operators recorded poor patronage this yuletide, the News Agency of Nigeria (NAN) reports. NAN observes that the number of people, who usually relaxed and socialise at some bars and joints in the evenings, has reduced drastically at yuletide. Mrs Chioma Nwanze, a beer…
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Nigeria’s economy ‘ll witness upturn in 2017 – Lagos lawmaker
A Lagos lawmaker, Mr Segun Olulade, says he is optimistic of a burgeoning economy early 2017 just as President Muhammadu Buhari had assured Nigerians of an end to economic contraction in the new year. Olulade, the Chairman, Lagos State House of Assembly Committee on Health Services, said in line with God’s plan through His various…
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If we survived recession in 1989, we can survive it now – Fashola
The Minister of Power, Works and Housing, Babatunde Fashola, has said that if the country could survive the scorching recession of 1989, it will definately survive and even come out of the present economic recession stronger and better. The immediate past governor of Lagos State spoke at the special Town Hall Meeting in Abuja, organized…
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Recession won’t end until govt cut down extravagant spendings
…says 2017 budget shows clearly that recession won’t end soon Former Governor of Anambra State, Mr. Peter Obi, has said the economic recession in Nigeria would last longer than expected. Obi stated this while inaugurating a building donated to the Department of Mass Communication, at the Nnamdi Azikiwe University, Awka, Anambra State, by the institution’s…
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Recession: We will cooperate with NASS to fast track recovery-Buhari
President Muhammadu Buhari has reaffirmed the commitment of his administration to cooperate with the National Assembly in the effort to get the country out of recession. The president made this known while presenting the 2017 Appropriation Bill before the joint session of the National Assembly on Wednesday in Abuja. He said the executive would take…
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NASS must expedite action on 2017 budget to curb recession – Expert
A former Director of the Economic Research Department of the Central Bank of Nigerian, CBN, Mr Chris Nemedia, has told the National Assembly to expedite action on the 2017 budget to tackle the current recession. Nemedia, who made the call in an interview with the newsmen in Lagos on Wednesday, said there was need for…
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Recession will be over in 2017 – FG assures Nigerians
The Federal Government of Nigeria has assured Nigerians that the ongoing economic hardship in the nation would end in 2017. It said a foundation for a diversified economy had been being laid, adding that “the 2017 budget will strengthen the economy further.” The Secretary to the Government of the Federation, Babachir David Lawal, gave this…