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 […]
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 […]
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 […]
Immediate past President Goodluck Jonathan has said his era witnessed unprecedented economic growth for Nigeria.
Jonathan, who spoke yesterday to students of Oxford University on youth entrepreneurship, said the country experienced a growth that proved the truism that a nation’s wealth is not underneath the ground but between the ears of her people.
According to the former president, “Nigeria was rated as the largest economy in Africa and the 23rd in the world by the World Bank and the IMF, with a […]
It was gathered that the Economic Community of West Africa States has urged member states to sensitise communities on the need to reduce the number of children a family can cater for to enhance economic development and reduce migration.
The President of the Commission, Marcel de Souza, made the call when he received German Foreign Minister, Frank-Walter Steinmeier, at the commission on Monday in Abuja.
De Souza expressed concern that the demographic growth in the sub-region was equal to its economic growth, […]
According to reports, the Minister of Finance, Mrs. Kemi Adeosun, has assured Nigerians that the focus on infrastructure by the President Muhammadu Buhari led administration will unlock the desired economic growth in the country.
Adeosun made this declaration in an interview with CNBC on the side-lines of the ongoing IMF/World Bank annual meeting in Washington DC, United States, on Friday, revealing that the Federal Government is making a significant progress in its negotiation with the World Bank and the African Development […]