• Lai Mohammed, Funmi Iyanda Debate How To Fix Nigeria’s Economy

    Lai Mohammed, Funmi Iyanda Debate How To Fix Nigeria’s Economy

    Minister of Information and Culture, Alhaji Lai Mohammed, and a panel of experts will on Friday, December 9 debate practical solutions for how to tackle corruption as part of the ongoing How To Fix Nigeria series organised by The Royal African Society and Oya Media in partnership with the Africa Research Group at King’s College London.

    How To Fix Nigeria is conceived and hosted by award-winning broadcaster Funmi Iyanda. The series brings together a broad range of speakers to discuss practical […]

  • Analysts predict growth in Nigeria’s economy in 2017

    Analysts predict growth in Nigeria’s economy in 2017

    Financial analysts at both Standard Chartered Bank and Moody’s have predicted a promising economic outlook for 2017 adding that the nation’s economy would rebound from its current recession and record growth in 2017, despite the persisting challenges posed by weaker oil earnings and foreign exchange.

    The two experts, Managing Director and Chief Economist, Global Research, Africa, Standard Chartered Bank, Razia Khan, and senior analytical adviser at Moody’s, Aurelien Mali, noted so in an advisory note and in an interview with Reuters […]

  • Why Nigeria must urgently diversify economy – Osinbajo shares reasons

    Why Nigeria must urgently diversify economy – Osinbajo shares reasons

    Vice President Yemi Osinbajo has stressed the need for Nigeria to aggressively diversify its economy, saying the advent of electric cars prove the nation might not be able to depend on oil for much longer.

    According to him, there would be far less oil consumption, especially from Asian countries – Nigeria’s major oil market – as there is an estimate that electric cars would displace demand of 2 million barrels per day as early as 2023. “That could be equivalent to […]

  • Niger Delta: Attacks on oil export facilities, damaging our economy – Buhari laments

    Niger Delta: Attacks on oil export facilities, damaging our economy – Buhari laments

    President Muhammadu Buhari has again lamented that attacks on pipelines and export facilities in the Niger Delta has become a huge security challenge which has far reaching consequences for the national economy.

    The president warned that these criminal conducts would no longer be tolerated in any form, stressing that every criminal act must be punished according to the laws of the land.

    Buhari, who stated this at the graduation ceremony of the Senior Executive Course 38 of the National Institute for Policy […]

  • APGA Chairman explains how to revive Nigerian economy

    APGA Chairman explains how to revive Nigerian economy

    All Progressives Grand Alliance, Dr. Victor Oye, the National Chairman, said on Tuesday that the revival of the Ajaokuta Steel Company and strategic investment in agriculture will help revamp the ailing economy.

    Oye said that it would be difficult for the country to attain economic prosperity soon if it were to continue to rely heavily on imported food and raw materials for the industrial sector.

    He said, “How can the economy recover when a multi-billion naira project such as the Ajaokuta Steel […]

  • Mobile phone tax could generate N100 billion -Emefiele

    Mobile phone tax could generate N100 billion -Emefiele

    The governor of Central Bank of Nigeria (CBN), Godwin Emefiele has proposed to the federal government to introduce mobile phone call tax.

    The Governor, breaking the news at the 2016 Annual Bankers’ Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) on Friday in Lagos, said such tax, targeted at the middle, upper class and long phone call makers, can generate N100 billion annually into the federal government account.

    Speaking on the theme: “Policy options for reversing Nigeria’s economic downturn” […]

  • Why Buhari’s anti-corruption war will fail – PDP BoT member explains

    Why Buhari’s anti-corruption war will fail – PDP BoT member explains

    A member of the Peoples Democratic Party, PDP, Board of Trustees, BoT, Chief Shuaib Oyedokun, says President Muhammadu Buhari’s anti-graft agency cannot succeed because “he is using corruption to fight corruption.”

    This is coming at a time Buhari claimed that some corrupt individuals were using proceeds of their loots to fight him.

    Reacting to Buhari’s comment, Oyedokun said the President has admitted failure of his anti-graft agency.

    Speaking with newmen, the PDP BoT member said, “If the President, who is fighting corruption, suddenly […]

  • Rising cost of food items, Nigerians express worry

    Rising cost of food items, Nigerians express worry

    Nigerians are lamenting the continuous increase in the prices of foodstuffs in markets with residents of Lagos State, saying the prices of some items have gone up by as much as 50 per cent.

    At Ile-Epo Market located in the Agbado area, along Lagos-Abeokuta Expressway, which is renowned for the availability of yam, beans, rice, potatoes, among others, in large quantities, traders and buyers lamented that the food items have become too expensive for most people to buy.

    At the market, it […]

  • Group launches website calling for Emefiele’s sack

    Group launches website calling for Emefiele’s sack

    A website, emefielemustgo.com has gone online with a campaign for the sack of the Governor of the Central Bank of Nigeria, Godwin Emefiele.

    The website which was launched by an unidentified group, is parading itself as a group of concerned Nigerians who want CBN governor sacked because of the damage he has brought to Nigeria’s economy. It however said it can be contacted through its email, [email protected]

    “Nigeria is Africa’s largest economy and the biggest black nation in the world.

    Since the Buhari […]

  • Take advantage of recession to revamp economy – Akinyemi tells FG

    Take advantage of recession to revamp economy – Akinyemi tells FG

    Prof. Bolaji Akinyemi, a former Minister of External Affairs, has urged the Federal Government to take advantage of the current recession to revamp the country’s economy.

    Akinyemi made the call at the 2016 convocation lecture he delivered at the University of Ibadan on Wednesday.

    The lecture was entitled: “Nigeria’s Exceptionalism: Nigeria’s Quest For Word Leadership.’’

    The don lamented the continued doling out of bailout funds to states by the Federal Government without measures to instill fiscal discipline.

    “I want to say that before any […]

  • Osinbajo seeks private sector’s support to revamp economy

    Osinbajo seeks private sector’s support to revamp economy

    Vice-President Yemi Osinbajo has called on members of the private sector to see themselves as partners with government in its desire to revamp the economy currently in recession and take the country to a place of permanent prosperity.

    According to a transcript released by his media office on Sunday, Osinbajo spoke while ringing the closing bell at the Nigeria Stock Exchange in Lagos on Friday.

    He observed that while the nation’s economy is facing a lot of problems, government and the private […]