Tag: recession
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Nigeria, South Africa out of recession – Report
Nigeria’s economy is out of recession, a report said on Sunday. The economy broke out of a long slump in the second quarter with a median forecast for 1.55 per cent year-on-year growth, the Reuters report said. The report also shows that South Africa quit shrinking with 2.2 per cent quarter-on-quarter growth. South Africa and…
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FG’s economic reforms will end recession soon – Adeosun
The Minister of Finance, Mrs. Kemi Adeosun, has stated that the ongoing economic reforms by the federal government is aimed at tackling recession to its end. The minister who spoke on Thursday also said the reforms will enhance fiscal discipline, improve revenue generation, and promote allocation and efficient use of resources by the three tiers…
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Nigeria needs to appease children to get out of recession- Majek Fashek
Nigerian Reggae legend, Majek Fashek fondly called the rain maker has urged the federal government to appease Nigerian children in order to get the country out of the prevailing economic recession. He emphasized that the government needs to pay attention to children and cater for their well-being . The revered Reggae legend also stated…
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Nigerian economy ‘steadily exiting recession’ — Bankers’ Committee
The Bankers’ Committee of the Central Bank of Nigeria, CBN, on Thursday declared that the Nigerian economy was steadily pulling out of recession. The Committee gave the review at the end of its 331st meeting in Abuja. It said indices on non-oil sector growth in the second quarter of the year showed the economy could…
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Nigeria already exiting recession – Udoma
The Minister of Budget and National Planning, Senator Udo Udoma, on Thursday said that the country is already moving out of economic recession. Udoma stated this in Abuja while inaugurating the Joint Planning Committee for the 23rd Nigerian Economic Summit. The summit to be held in October this year is the single largest gathering of…
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Nigeria is exiting recession – Usman
An economist, Dr Aminu Usman, says Nigeria is exiting recession with the various programmes and policies put in place by the government. The Finance Minister Kemi Adeosun had said that the country is already out of recession to an extent. She said that the economy would also witness a seven to eight per cent growth…
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FG’s efforts on economy positive, we should exit recession soon – Lai Mohammed
The Minister of Information and Culture, Lai Mohammed, says in spite all the challenges, the federal government is making very positive impact on the economy. The minister stated this in Abuja on Friday when he received a delegation from the African Union Economic, Social and Cultural Council (AU-ECOSOC), led by its Nigerian representative, Tunji Asaolu.…
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Nigeria is out of recession – Adeosun
The Minister of Finance, Mrs. Kemi Adeosun, has said the country is already out of recession “to an extent.” “We are out, we’re out to an extent and we hope that the figures will reflect the fact that we’re out. We shouldn’t focus too much on when, what we should focus on is growth. Getting…
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Nigeria will be completely out of recession in 12 months – Buraimo
Sauve and astute investment banker and Pastor, Ade Buraimo, sat with TheNewsGuru.com Publisher, Mideno Bayagbon, in a surprising rainy break over Lagos, and an insightful, reassuring, peep into the economic future of Nigeria, emerged. ECONOMIC RECESSION ENDS IN 12 MONTHS Ade Buraimo, Group Managing Director of AlphaMorgan Capital, one of Nigeria’s top investment banks, has…
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Recession: Emefiele targets single digit inflation rate
The governor of the apex bank, Central Bank of Nigeria, CBN, Godwin Emefiele on Sunday said the actualisation of a single digit inflation rate is possible in the country. Emefiele revealed this on a monitored programme on Arise Television. Emefiele explained that with the improvement seen in growth from the negative 1.7 per cent in…