Nigeria’s Minister of Budget and National Planning, Udoma Udo Udoma has reassured Nigerians that the country will come out of the economic recession before the end of 2017. He told journalists after briefing members of the National Working Committee (NWC) of All Progressives Congress (APC) on the implementation of the 2017-2020 Economic Recovery and Growth […]
Continue Reading
The presidential spokesperson, Garba Shehu, says efforts to get the nation out of its present economic challenges are beginning to yield positive results, especially in agriculture. The presidential aide said this in Abuja on Sunday. According to him, an increase in the volume of rice production and processing across the country is already saving the […]
Continue ReadingFormer Nigerian President, Chief Olusegun Obasanjo, has fired a shot at President Muhammadu Buhari over the state of the economy, urging him to stop dwelling on the failings of past administrations and let the change he promised reflect in his government. Chief Obasanjo endorsed Buhari in the build-up to the 2015 election and has remained […]
Continue ReadingThe President of the Federal Republic of Nigeria, Muhammadu Buhari has stated that the practical way out of the economic challenge being experienced in the country lies in monies made from the country’s oil and gas sector. The president who spoke at the launch of the ministry of petroleum #7BigWins initiative in Abuja on Thursday, […]
Continue ReadingA Lagos-based financial expert, Mr Bismarck Rewane, on Friday expressed optimism that Nigeria would get out of recession by 2018 with the right economic policies. Rewane, also the Chief Executive Officer, Financial Derivatives Ltd., said this at the 2016 Independent Shareholders Association of Nigeria (ISAN) Triennial Delegates Conference/Gala Night in Lagos. The financial expert said […]
Continue ReadingThe Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Wednesday said Chinese private sector companies had pledged an additional investment of 70 billion dollars to the Nigerian economy.Kachikwu said this while addressing State House correspondents on the outcome of the Federal Executive Council (FEC), presided over by President Muhammadu Buhari in the Presidential […]
Continue ReadingPresident Muhammadu Buhari in a nationwide broadcast to mark the country’s 56th Independence Anniversary of Nigeria on Saturday, gave assurance that his administration is working on the right things in addressing the economic recession. Buhari, who acknowledged that recession for many individuals and families, commended all Nigerians for making “incredible sacrifices.’’ “I know that uppermost in […]
Continue ReadingA Former President of Nigeria, Chief Olusegun Obasanjo on Tuesday advised Nigeria to borrow, spend less and earn more in order to get out of the current economic recession.Obasanjo spoke in Abeokuta at the opening ceremony of the National Council On Finance and Economic Development Conference (NACOFED). The theme of the conference is “Enhancing Revenue […]
Continue ReadingMembers of the ECOWAS Parliament have advised Nigeria to avoid using “panic measures” to address the country’s current economic situation.The call was made at the presentation of Nigeria’s Report at the ongoing second Ordinary Session of the ECOWAS Parliament in Abuja on Monday. Members of parliament raised concerns over Nigeria’s current economic situation and advised […]
Continue ReadingIn a statement issued by Femi Adesina, Special Adviser to President Muhammadu Buhari on Media and Publicity, the president on Friday assured Nigerian professionals abroad that the economic recession in the country would soon be history as his administration would address the relevant challenges diligently. According to the statement, President Buhari said this at a […]
Continue Reading