Tag: recession
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World Bank: Nigeria’ll rebound from RECESSION, grow at a 1.0 percent pace
A new World Bank (WB) report has forecast Nigeria will rebound from recession and grown at a 1.0 percent pace in 2017. The World Bank report said sub-Saharan Africa economy is expected to pick up modestly to 2.9 percent in 2017 as the region continues to adjust to lower commodity prices. However, growth in South…
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Nigeria’ll get out of recession this year, says World Bank
The World Bank has predicted that Nigeria will get out of recession and grow its Gross Domestic Product by one per cent this year after plunging into its worst recession in over two decades. The bank said in a statement on Wednesday, “Sub-Saharan African growth is expected to pick up modestly to 2.9 per cent…
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Nigerian Senate envisages 7.55 million additional employments
Nigerian Senate President, Bukola Saraki, has said Nigeria is set to benefit from additional 7.55 million employments in the coming years. The Senate President made this revelation in his speech addressing the Senate on resumption of duties in Abuja today. TheNewsGuru Senate House correspondence quotes the Senate President Saraki as saying that new National Assembly…
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Nigerian Senate celebrates 117 bills feat
At the resumed sitting of Nigerian Senators for the first time in 2017, the Nigerian lawmakers, lead by Senate President Bukola Saraki, celebrated a total of 117 bills, which, some passed through third, and others passed through second reading in the House within the period of four months in 2016. In his speech to address…
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‘Abakaliki rice records high patronage…’
Due to the harsh economic situation in the country, residents of Enugu are now patronising locally produced rice popularly called Abakaliki rice. A correspondent of the News Agency of Nigeria (NAN), who visited some grain markets and shops in Enugu metropolis on Saturday, reports that the de-stone brand of the locally produced rice was in…
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Recession didn’t stop Nollywood in 2016!
Last year, the Nigerian economy experienced an economic downturn that threatened various facets of the economy. Despite the recession, it didn’t affect the box office revenue for the movies released last year. According to reports, 1billion was made from a record 50 locally-produced titles. The N1 billion represents nearly 30 percent of the N3.5 billion…
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Recession: Gynaecologist advise Nigerians to embrace family planning
Prof. Suleiman Adeniran of the Department of Obstetrics and Gynaecology, University of Ilorin Teaching Hospital (UITH), has advised parents to embrace family planning to ease the effects of economic recession. Adeniran gave the advice in Ilorin on Friday during a presentation at a UITH Seminar on: “Economic Recession: A healthy way out’’. The gynaecologist described…
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We need to formulate, implement survival strategies to end recession in Oyo – Ajimobi
Governor Abiola Ajimobi of Oyo State says the state needs to evolve survival strategies in the areas of Internally Generated Revenue (IGR), restructuring and blocking of financial loopholes. Ajimobi stated this in Ibadan on Wednesday at the inter-religious service organised by the state government. He said that it was only through the initiation of such…
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Osun to intensify intervention programmes 2017 – Aregbesola
In his 2017 New Year broadcast titled ‘From recession to recovery, growth and consolidation,’ the governor of Osun State, Rauf Aregbesola, has voiced his government’s commitment to intensify intervention programmes in the State in the New Year 2017. “We are going to intensify our intervention programmes among the people. This year, we are going to…
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Its good to see Nigerians eating rice despite recession – Oyegun
The National Chairman of the All Progressives Congress (APC), Chief John Odigie-Oyegun has stated that there is fun everywhere in Nigeria despite the nationwide outcry about recession. According to the party leader, Nigerians were no bothered by the hardship caused by the ongoing economic crisis. Speaking with newsmnen in Benin, the Edo State capital,…