Tag: recession
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FG’s Economic Recovery Plan will take Nigeria out of recession if implemented – Economists
A Professor of Development Economics, Mrs Sarah Anyanwu, has advised the Federal Government to implement the just inaugurated Economic Recovery and Growth Plan (ERGP) 2017-2020 effectively, to resuscitate the country’s economy. Anyanwu, Head of Department, Economics Department, University of Abuja gave the advice in an interview with newsmen on Wednesday in Abuja. She commended President…
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FG releases 11 proofs showing recession is almost over
The Federal Government has released 11 proofs to show that the current economic recession is gradually coming to an end. This was contained in a report in the issue 23 of Aso Villa’s Newsletter titled:‘Government at Work’ See the 11 proofs below as released by the Federal Government: Over-Subscription of FG’s Eurobond According to the…
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Recession: ‘I stopped releasing in my wife to avoid her getting pregnant’
A 36-year-old seamstress, Sherifat Adetunji, on Friday pleaded at a Lagos Island Customary Court that her marriage should be dissolved on ground that her husband was no longer ejaculating inside her during sex. The mother of two said that her 10-year-old marriage was blissful until five years ago when things started changing. She lamented that…
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Prompt payment of taxes will fast-track economic healing – Expert
An Abuja-based insurance broker, Mr Angus Uzoamaka, has said that payment of tax by Nigerians and companies are necessary for the country’s bail out from recession. Uzoamaka said this in an interview with newsmen while commenting on ways of resuscitating the ailing economy in Anuja on Wednesday. He said that the attitude of paying tax…
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Nigeria has been going through hell for a long time- Yinka Davies declares
Nigerians have been confronted with the stark reality that the economy is in recession. With the soaring prices of goods and services, the general chant on the streets is that of woes and cynicism. Yinka Davies, Nigeria’s revered Jazz musician in an exclusive chat with TheNewsGuru says recession doesn’t exist in Nigeria. She affirms that…
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Generous giving, only panacea out of recession – Onaiyekan
His Eminence, John Cardinal Onaiyekan, Catholic Archbishop of Abuja, has called on Christians to be more generous to God, saying this could help the nation out of its current economic recession . Onaiyekan said this in an interview with newsmen during the Foundation Laying of the Cathedral of the Twelve Apostles Cathedral, held at…
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CBN retains 14% monetary policy rate, says economy still in recession
The Central Bank of Nigeria, CBN, on Tuesday allayed fears in some quarters when it unanimously resolved to retain all monetary rates. At the end of the Monetary Policy Committee meeting, the monetary policy rate for banks and businesses was retained at 14 per cent, while Cash Reserve Ratio (CRR) was left at 22.5 per…
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Recession: N19,800 no longer reasonable as corpers’ allowance
The Coordinator of the National Youths Corps Service, NYSC Sokoto State, Alhaji Musa Abubakar, has advocated the increment of the monthly allowances to corps members in the country. Abubakar spoke in Sokoto on Friday shortly after paying a courtesy call with the Sultan of Sokoto, Alhaji Sa’ad Abubakar III. After prayers, the coordinator and his…
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Recession: Buhari to unveil economic plan in February – Osinbajo
Vice President Yemi Osinbajo has revealed that plans had been concluded to launch the economic recovery plan of the President Muhammadu Buhari led administration in February. He also stated that the federal government was critically considering the option of tapping into the Pension Funds for massive investments in infrastructures. Osinbajo spoke while fielding questions at…
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#NEOC2017: Nigeria will get out of recession this year but…
…says Africa’s agribusiness to rise to $30trn by 2030 The convener of Nigeria Economic Outlook Conference, NEOC, Ogho Okiti, has expressed optimism that the nation will get out of reception this year. He however noted that getting out of recession was not the problem but enacting policies that will ensure the nation doesn’t go down…