• Senate to Kick Start Final Work on Economic Recovery Bills this week

    Senate to Kick Start Final Work on Economic Recovery Bills this week

    The Senate will this week attempt a stride closer to passing half of its remarkable and much needed economic reform package as six of the 11 significance economic growth and reform bills are slated for public hearings between December 5 and 8.

    The legislation planed for public hearing on December 5 includes the National Development Bank of Nigeria Bill which is intended to provide short, medium and long term financing to participating financial institutions for loans to small scale, medium and […]

  • Buhari administration has no economic plan to end recession – Senate

    Buhari administration has no economic plan to end recession – Senate

    Senate said, yesterday, that President Muhammadu Buhari’s administration has no economic blueprint to pull Nigeria out of recession.

    The country’s upper legislative chamber gave the verdict during reconsideration of Buhari’s Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), yesterday.

    The lawmakers also added that the president’s economic team is in disarray.

    The legislators described the MTEF/FSP as shallow and empty and warned that if the documents are passed, as presented, they would have created room for the executive to present a […]

  • Lagos State has a critical role to play in taking Nigeria out of the current economic doldrums – Ambode

    Lagos State has a critical role to play in taking Nigeria out of the current economic doldrums – Ambode

    Lagos State Governor Akinwunmi Ambode on Tuesday said the State has a critical role to play in taking Nigeria out of the current economic doldrums, just as he harped on the need for partnership between government and the private sector to address strategic challenges confronting the nation.

    Governor Ambode, who spoke at the Lagos House in Ikeja when he received on courtesy visit members of the Governing Council of Chartered Institute of Bankers of Nigeria (CIBN), who came to notify the […]

  • Give thanks to God always, even with the present economic recession – clerics urge Nigerians

    Give thanks to God always, even with the present economic recession – clerics urge Nigerians

    Pastor Tolani Adeyemo, wife of the Pastor-in-Charge of Lagos Province 18 of the Redeemed Christian Church of God (RCCG), has urged Nigerians to always give thanks to God, even with the present economic recession.

    Adeyemo gave the admonition on Sunday while delivering a sermon at the 10-year anniversary of RCCG Ogun Province 8 Area/Zonal Headquarters, Isheri in Ogun.

    She said that any nation which had the fear of God and was filled with righteousness was qualified for God’s favour.

    “The nation may be […]

  • Nigeria should promote SMEs to enhance economic growth and food security – Governor Ganduje

    Nigeria should promote SMEs to enhance economic growth and food security – Governor Ganduje

    Abdullahi Ganduje, the Kano State Governor,  has called for the promotion of Small and Medium Scale Enterprises to enhance economic growth and ensure food sustainability in the country.

    Ganduje said this at the third edition of the Nigeria Entrepreneurs Award in Abuja on Friday night.

    The governor said that the SMEs needed more attention than they were currently getting to promote the efforts of the Federal Government to diversify the economy.

    Ganduje said: “In order to feed ourselves, produce and export, we have […]

  • Fashola questions Nigeria’s economic growth under Jonathan

    Fashola questions Nigeria’s economic growth under Jonathan

    It was gathered that the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said Nigeria’s economic growth recorded during the regime of the last president, Dr. Goodluck Jonathan, was not accomplished through any act of good economic policies by the administration.

    He alleged that the 7.5 to 8 per cent annual economic growth then happened because of high crude oil prices, adding that there was no coherent economic theory adopted by the last government to ensure such growth.

    Speaking in […]

  • We shall soon overcome economic recession – Osinbajo assures

    We shall soon overcome economic recession – Osinbajo assures

    Vice President, Professor Yemi Osinbajo, has predicted that the country shall soon overcome the present challenges and the biting economic recession.

    He said this at the Minna Choral Society (MCS) 8th annual Festival of Songs and Concert, in Minna, Niger State capital.

    He, however said that strict adherence to divine instructions is the panacea to bailing the country out of the present recession.

    Drawing inference from the theme of the concert, “More than Conquerors”, the Vice President said, “in all our numerous challenges, […]

  • Ministers hold retreat, set to unveil National Economic Blueprint

    Ministers hold retreat, set to unveil National Economic Blueprint

    Minister of Budget and National Planning, Senator Udo Udoma, has revealed that the government would soon unveil its economic blueprint for the country.

    Following two days of brainstorming in Abuja, organized by Udoma’s ministry, with various teams drawn from the public and private sector, Udoma revealed that the president’s economic vision and Strategic Implementation Plan, drawn up by his ministry, along with vibrant ideas canvassed and analysed at the retreat, would be harmonised and launched at the federal government’s comprehensive economic […]

  • Buhari unveils economic recovery plan in December

    Buhari unveils economic recovery plan in December

    Following two days of brainstorming in Abuja, various teams drawn from the public and private sector have concluded work on various aspects of a new and comprehensive economic blueprint for Nigeria.

    Minister of Budget and National Planning, Senator Udo Udoma whose ministry organized the retreat stated that contrary to critics’ misleading opinion that the federal government lacks an economic programme, President Muhammadu Buhari had laid out one in his 2016 Budget speech.

    According to the minister, the president’s economic vision, the Strategic […]

  • Unbiased justice system will solve Nigeria’s economic challenges, says Fayose

    Unbiased justice system will solve Nigeria’s economic challenges, says Fayose

    According to reports, the Governor of Ekiti State, Mr Ayodele Fayose, beliefs that an unbiased justice system in Nigeria will solve that nation’s economic challenges.

    Governor Fayose spoke at the 2016 Annual Lecture Series of the Nigeria Union of Journalists, Ekiti State Council held in Ado Ekiti, the capital of the State.

    He predicted that the country might slide into depression in 2017 if nothing was done to revive the nation’s ailing economy.

    The Governor, who is a member of the opposition Peoples […]

  • Recession: President Buhari to launch economic recovery plan

    Recession: President Buhari to launch economic recovery plan

    President Muhammadu Buhari will inaugurate the National Economic Reconstruction and Growth plan in December, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said.

    Udoma, who disclosed this at a National Economic Retreat in Abuja on Thursday, stated that the plan is in furtherance of the Federal Government’s efforts to reposition the country towards sustainable growth.

    The retreat was scheduled to start at 9am, but the opening remarks came at 10am.

    According to the minister, the retreat is intended to […]