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Tag: economic growth

Power Minister: Nigeria’s Power Generation Cannot Support Economic Growth

Minister of Power, Mr. Abubakar Aliyu
The Minister of Power, Mr. Abubakar Aliyu, yesterday admitted that Nigeria’s current electricity generation was incapable of powering the economy of over 200 million Nigerians. Aliyu, who spoke during theRead More

OPEC: Nigeria Produced 558,000 Barrels Less Oil In April Compared With March

Crude oil
Again, cartel cuts global oil demand growth forecast Again, Nigeria failed to ramp up crude oil production despite all the sloganeering by the various agencies of government, producing 558,000 barrelsRead More

Obaseki: Benin River Port‘ll Boost Export Earnings, Facilitate Economic Growth

Governor Godwin Obaseki
Governor Godwin Obaseki of Edo State has said that his administration remains committed to the realisation of the Benin River Port project, considering its economic benefits to the state andRead More

Ohanaeze Extols Soludo On Use Of Locally Manufactured Goods

Ohanaeze Ndigbo
The apex Igbo cultural organisation, Ohanaeze Ndigbo Worldwide has extolled the stance of Anambra State governor-elect, Professor Charles Soludo, on what it described as far-reaching policy statement among which isRead More

Buhari Defers Subsidy Removal To Incoming Govt

President Muhammadu Buhari
Seeks 18 months suspension, to send PIA amendment to N’Assembly FG says decision has nothing to do with 2023 elections IMF insists on end, wants funds channeled to health, socialRead More

Emefiele Forecloses Monetary Policy Tightening To Boost Recovery, Stimulate Growth

Ex-Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele
Says Nigeria not exposed to effects of US policy normalisation, others Banking industry NPLs drop 4.85%, lowest in 10 years Warns against patronage of loan sharks The Governor of theRead More

Buhari: Prices Of Rice, Other Food Items To Crash Soon

President Muhammadu Buhari has assured Nigerians that prices of food items, especially rice will soon come down.
Rice importation from Thailand drops by 99.83% as Emefiele praises farmers for their doggedness despite challenges President hails CBN Governor, Fayemi, Bagudu, others’ contribution to agriculture PDP mocks FG, APCRead More

Edo Explores Potentials In Water Transport To Boost Economy

Edo State
The Edo State Government is sustaining programmes and reforms to harness the huge economic potentials in its water transportation ecosystem, to boost economic growth and development, in line with theRead More

Security Is Key To Survival, Growth Of MSME, Says NSA, Fayemi

Micro, Small and Medium Enterprises (MSMEs)
The National Security Adviser (NSA), Major Gen. Babagana Monguno, and the Governor of Ekiti State, Dr. Kayode Fayemi, have said security of lives and property in Nigeria is central toRead More

Fitch: Nigeria Will Survive Its Challenges, Despite Escalating Grievances

Fitch
Predicts 2.8% GDP Growth for Next Year Insists rising population, high unemployment, competition for diminishing resources exacerbating grievances Notwithstanding threats posed by the Islamist insurgency in the north, clashes betweenRead More