OCTOBER 17th, 2017
- Hits: 41
World Bank disagrees with Adeosun on borrowing … says cost of debts not sustainable
The World Bank has disagreed with the Minister of Finance, Mrs. Kemi Adeosun, on the need for the Federal Government to borrow more in order to develop the nation’s infrastructure and stimulate the economy.
OCTOBER 12th, 2017
- Hits: 37
UDOMA SAYS ERGP TARGETS 7% ECONOMIC GROWTH BY 2020
Udoma said in his preliminary remarks at the ongoing #NES23 that the present administration is committed in actualising the ERGP which targets a 7 percent economic growth rate by 2020. ”The government will work closely with the Private sector to achieve faster economic development and even attract more capital into the economy. Government is much more aware…
OCTOBER 11th, 2017
- Hits: 40
We’re using recovered looted funds to finance 2017 budget – Buhari
The Federal Government is using part of the funds recovered from those who looted the treasury to finance the 2017 budget, President Muhammadu Buhari has said.
OCTOBER 9th, 2017
- Hits: 41
POOR INFRASTRUCTURE THREATENS 2017 NON-OIL EXPORT REVENUE TARGET
• Over 2,000 containers waiting to access ports
• Transportation cost rises by 150%
• Commodities wasting in warehouses
• Ministry plans infrastructure roundtable
For operators in the nation’s non-oil export sector, the parlous state of infrastructure at the various gateways may be costing the economy more than it hopes to realize from the sector if the concerns linger further.
SEPTEMBER 29th, 2017
- Hits: 50
NIGERIA’S ECONOMY STILL VULNERABLE TO SHOCKS, SAYS FG – PAGE 11
The Federal Government has said despite the nation’s recent exit from recession, Nigeria’s economy is still vulnerable to shocks.
SEPTEMBER 27th, 2017
- Hits: 54
Exit from recession still fragile, says CBN
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday said the 0.55 per cent Gross Domestic Product growth rate, which took the economy out of recession, was still fragile.
SEPTEMBER 7th, 2017
- Hits: 81
We’ll grow economy as rapidly as we can – Udoma
The Minister of Budget and National Planning, Udo Udoma, said on Wednesday that with the exit from recession, the task ahead was to grow the Nigerian economy in a rapid manner.