• Emir Sanusi Reveals The Only Three Policies That Can Take Nigeria Out of Recession

    Emir Sanusi Reveals The Only Three Policies That Can Take Nigeria Out of Recession

    Emir of Kano, Muhammadu Sanusi II, has stated for yet another time the three sure steps that would take Nigeria out of its current economic situation.

    Sanusi spoke at the 42nd convocation of the University of Benin, Edo State.

    He urged Nigerians not to use God as an excuse for failure, adding that one “must not attribute to God that which God has left for us.”

    He identified the three steps as putting up the right monetary, fiscal and structural policies to address […]

  • Rising Unemployment Rate Trace To FG Anti-Job Creation Policies

    Rising Unemployment Rate Trace To FG Anti-Job Creation Policies

    According to reports, the rising rate of unemployment in Nigeria has been traced to the anti-job creation policies of the government from the ICT sector to government direct employment, youth entrepreneurship scheme among others.

    Nigeria with a population of 182,201,962, is battling with 49.5 per cent youth unemployment rate as at second quarter 2016.

    Experts and economic stakeholders who spoke Wednesday in Lagos at the #WorldStageEconomicSummit2016 with the theme: “Addressing Unemployment Crisis in Nigeria,” challenged the government to carry out a major […]

  • Buhari’s economic policies not yielding results – Bakare

    Buhari’s economic policies not yielding results – Bakare

    Senior Pastor of the Latter Rain Assembly, Pastor Tunde Bakare has challenged President Muhammadu Buhari to change his economic policies, which he said have failed to yield the desired results in the past 18 months of his administration.

    He, however, acknowledged that the present government inherited an economy in dire straits due to revenue unaccounted for, in the preceding oil boom era, with reported massive looting through oil subsidies and diverted defence budgets.

    Bakare, who was a guest lecturer at the 14th […]

  • Your economic policies killing Nigerians – ASUU tells Buhari

    Your economic policies killing Nigerians – ASUU tells Buhari

    As the economic situation in the country bites harder, the Academic Staff Union of Universities (ASUU) yesterday came hard on President Muhammadu Buhari, criticising his welfare policies.

    It also decried the handling of the current recession and Buhari’s alliance with the World Bank and International Monetary Fund (IMF), among others.

    The umbrella body of academics in Nigerian universities also lamented that the Federal Government was feigning igno rance that its economic policies were pauperising Nigerians and, by implication, making them go through […]

  • Senate committee backs CBN’s monetary policies

    Senate committee backs CBN’s monetary policies

    According to reports, the Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Rafiu Adebayo Ibrahim, monday said he was so far satisfied with the current monetary policy measures adopted by the Central Banking of Nigeria (CBN) to get the economy on the right track.

    He said the committee would continue to play its role to help the apex bank effectively perform its duties for the country to function properly.

    Addressing journalists at the CBN headquarters in Abuja, shortly after […]

  • Your economic policies can’t end recession – Northern elders tells Buhari

    Your economic policies can’t end recession – Northern elders tells Buhari

    Two respected Northern elders, Prof. Ango Abdullahi and Alhaji Falalu Bello, at the weekend in Kaduna at a media forum, criticised President Muhammadu Buhari’s economic policies, saying partial devaluation of the naira “cannot pull Nigeria out of its economic recession.”

    Abdullahi, a former vice-chancellor of Ahmadu Bello University (ABU), Zaria, and Bello, a former managing director of Unity Bank, are of the opinion that no developing country, “especially a consumer country like Nigeria, can pull out of recession by partially or […]

  • Recession: Senate seeks harmonization of financial, monetary policies

    Recession: Senate seeks harmonization of financial, monetary policies

    According to reports, The Senate has urged the Ministry of Finance and the Central Bank of Nigeria (CBN) to harmonize the Federal Government’s financial and monetary policies as one of the ways to end the current economic recession.

    The Upper Chamber also enjoined the Executive to urgently negotiate external concessionary borrowing to finance aspects of deficit in the 2016 Appropriation Act.

    These were part of the recommendations adopted by the Red Chamber after its two-day exhaustive debate to proffer solutions to the […]

  • MPC retains 14% interest rate, advocates robust fiscal policies to revive economy

    MPC retains 14% interest rate, advocates robust fiscal policies to revive economy

    It was gathered that the Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained interest rate at 14 per cent and urged the Federal Government to evolve robust fiscal policies in reviving the economy from recession.

    The Central Bank Governor, Godwin Emefiele, announced this in Abuja during a news conference on the outcome of the MPC meeting.

    Emiefile said the committee elected to retain the current policy, which is the Monetary Policy Rate, at 14 per cent, Cash Reserve […]

  • Rep blames economic recession on Buhari’s bad policies

    Rep blames economic recession on Buhari’s bad policies

    A member of the House of Representatives, representing Ekiti North 1 of the Ikole/Oye Federal Constituency, Kehinde Agboola, yesterday blamed the economic recession on what he described as “bad economic policies the President Muhammadu Buhari-led administration has adopted.”

    He said Nigerians are tired of the government excuses and blaming of past governments for its inaction and bad policies that are causing hardship in the country.

    Agboola, who spoke at Ijesa-Isu Comprehensive High School during his empowerment programme, tagged, ‘Education Support Project,’ where […]

  • Buhari’s policies encourage corruption – Ladoja

    Buhari’s policies encourage corruption – Ladoja

    Former Oyo State Governor, Rashidi Ladoja, yesterday, faulted the ‘Change begins with me” campaign by President Muhammadu Buhari.

    He said the President, all his appointees and other government officials must first prove the slogan before Nigerians would follow suit.

    Ladoja cited the instance of of civil servants and committed farmers, saying they do not need any change because they already worked diligently to earn a living.

    The national leader of Accord Party, who spoke to newsmen at his Bodija residence, after observing the […]

  • No going back on our human development policies – Aregbesola

    No going back on our human development policies – Aregbesola

    The Governor of Osun State, Rauf Aregbesola, on Tuesday said there will be no going back on his government’s human development policies as he launched the Osun Job Centre.

    Aregbesola said the Osun Youth Empowerment Scheme policy brought great micro-economic impact on the state with N200 million monthly allowance given to the youth under the programme.

    The Governor stated these at the commissioning of the Osun Job Centre at the parking lot of the Ayegbaju International Modern Market in Osogbo.

    Aregbesola added that […]