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ERGP keeping Nigeria’s economy on track, says minister

ERGP keeping Nigeria’s economy on track, says minister

The Minister of Budget and National Planning, Udoma Udo Udoma has said the implementation of the Economic Recovery and Growth Plan (ERGP), is improving state of the economy. In a statement, Udoma, who was speaking at the presentation of the International Monetary Fund (IMF) Regional Economic Outlook Report for Sub-Africa, said actions taken since theRead More …

Nigeria, 7 African countries in debt distress –IMF

Nigeria, 7 African countries in debt distress –IMF

Amechi Ogbonna The International Monetary Fund ( IMF) Thursday, listed Nigeria among eight African countries on its debt distressed category following the failure of their fiscal consolidation to positively impact the citizens.  Abebe Aemro Selassie, Director of the IMF’s African Department, who gave the hint at a briefing he jointly held with Nigeria’s Budget and Planning […]
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FG releases N460bn from 2018 Budget for capital expenditure – Udoma

FG releases N460bn from 2018 Budget for capital expenditure – Udoma

NAN Mr Udoma Udo Udoma, the Minister of Budget and National Planning, says the Federal Government has so far released N460 billion from the 2018 Budget for capital projects. The minister said this on Wednesday, while fielding questions from Nigerian journalists on the sidelines of the ongoing IMF and World Bank Group (WBG) Annual Meetings […]
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FG to develop special economic zones in geo-political regions

FG to develop special economic zones in geo-political regions

Isaac Anumihe, Abuja The Federal Government has stated its determination to develop world-class Special Economic Zones (SEZs) in each of the six geo-political regions of the country. It said it would achieve this in partnership with the state governments and the private sector. Speaking to investors at the United Nation’s General Assembly in New York, […]
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Buhari tasks accountants on corruption, transparency

Buhari tasks accountants on corruption, transparency

“Let me first say that with regards to fighting corruption, you have a special contribution to make as accountants in this regard.” Uche Usim, Abuja President Muhammadu Buhari on Tuesday tasked accountants in Nigeria to play a pivotal role in the war against corruption by helping the government unravel bad eggs in the system hell […]
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Buhari tasks accountants on corruption, transparency

Buhari tasks accountants on corruption, transparency

“Let me first say that with regards to fighting corruption, you have a special contribution to make as accountants in this regard.” Uche Usim, Abuja President Muhammadu Buhari on Tuesday tasked accountants in Nigeria to play a pivotal role in the war against corruption by helping the government unravel bad eggs in the system hell […]
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Economy in dire straits as CBN alerts of 2nd recession in 2 years

Economy in dire straits as CBN alerts of 2nd recession in 2 years

Uche Usim, Abuja The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), last week raised the red flag that the economy was treading precariously on the path to another recession. The CBN Governor, Godwin Emefiele, who read the communique after the 263rd MPC meeting held in Abuja explained that the economy slowed […]
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Nigeria, Ghana urged to lead industrial revolution in Africa

Nigeria, Ghana urged to lead industrial revolution in Africa

Bimbola Oyesola Declaring that unemployment is the number one problem confronting the continent, President of Ghana, Addo Akufo-Addo, has called for collaboration between Nigeria and Ghana to lead industrial revolution on the continent. He said the biggest challenge as inhabitants has been the inability to transform the abundant natural resources into opportunities for creation of […]
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NCDMB, LCCI charge SMEs to look inwards

NCDMB, LCCI charge SMEs to look inwards

Ayo Alonge and Uche Henry As part of the need to grow Small and Medium Scale Enterprises (SMEs) in the country, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has advocated the importance of utilising Nigeria’s local content elements in every enterprising initiatives by entreprenuers. According to him, no endeavour can […]
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Chinese loans not debt trap – Buhari

Chinese loans not debt trap – Buhari

“Our country is able to repay loans when due in keeping with our policy of fiscal prudence and
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