• Buhari must take loan to pay contractors, revive economy – Oyegun

    Buhari must take loan to pay contractors, revive economy – Oyegun

    The national chairman of the ruling All Progressives Congress, APC, John Odigie-Oyegun, has walledthe borrowing plans of the Muhammadu Buhari administration, saying borrowing is unavoidable in view of the current economic realities in the country.

    Mr. Odigie-Oyegun said Nigeria needs to borrow in order to invest more on infrastructure and grow the economy.

    The APC Chairman spoke on Sunday night after receiving a lifetime achievement award presented to him by the Warri Choral Society during a classical music concert the Society held […]

  • 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 […]

  • Recovered loot inadequate to revive economy – Minister

    Recovered loot inadequate to revive economy – Minister

    The Minister of Information and Culture, Alhaji Lai Mohammed, has explained that the looted fund recovered so far by government is far cry from what the country needs to revive the economy.

    The minister said this on Friday when he appeared on a News Agency of Nigeria (NAN) Forum in Abuja.

    According to him, the amount of money recovered is always being made public.

    “What we have recovered and if my record is right is about N78 billion, and 3 million dollars.

    “We have […]

  • How FG will revive economy through infrastructure – Fashola

    How FG will revive economy through infrastructure – Fashola

    Mr Babatunde Fashola (SAN), Minister of Power, Works and Housing,  yesterday said the Federal Government would spend aggressively on fixing decrepit infrastructure to revive the nation’s ailing economy.

    Fashola, who spoke at the inauguration of a 24km Itori-Ibese concrete road in Ogun State, also said the President Muhammadu Buhari- led administration was committed to alleviating the sufferings of Nigerians.

    The road was built by AG-Dangote Construction Limited as part of the company’s corporate social responsibility projects. At the event, founder of Dangote […]