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POLICY PROCESS AND ECONOMIC DEVELOPMENT IN AFRICA

By Chambers Umezulike A policy is a guideline that governments employ to address specific public or national issues. Several issues concerning economic growth and development are addressed through governmental employment of policies. Issues such as inequality, inflation, budget-deficit, monetary and fiscal instabilities, economic diversification, unemployment, poverty, human capital deficit, boosting manufacturing, rural development, attracting foreign direct investment and many more. ...

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Nigeria’s telecoms sector grows GDP by 8.9%

By Kokumo Goodie Lagos, Nigeria Nigeria’s Telecoms sector regulator, the Nigerian Communications Commission (NCC), says the telecoms industry grew the nation’s GDP to 8.9% last year, adding that this was an improvement over the 8.6% growth recorded in 2015. CEO of the Commission, Prof Garba Dambatta, who disclosed this, said the numbers of customers have also grown tremendously. In terms ...

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Ibe Kachikwu urges Foreign Investors to invest more in the Oil and Gas Sector in Nigeria

Honourable Minister of State, Petroleum Resources, Dr Ibe Kachikwu has urged the foreign investors yesterday at the ongoing 2017 Nigerian Oil and gas Conference and Exhibition in Abuja to further invest more in the oil and gas sector in Nigeria, as the sector will soon become the next eldorado in Africa and world at large. The immediate past Group Managing ...

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[Video] Governors: The Bussines Secret of Spending by FemiDlive

So the London Paris Fund is driving a financial drama between Governors and EFCC (FG). Can Governors spend without instructions? Are Governors afraid of investigation? Watch Femidlive in this latest video as he shares update and his take on London Paris Fund.

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NIGERIANS DEMAND IMMEDIATE ACTION ON TRANSPARENCY, ACCOUNTABILITY AND YOUR SUPPORT FOR THE FIGHT AGAINST CORRUPTION

February 21, 2017 His Excellency President of the Senate, National Assembly Complex, Three Arms Zone, Abuja NIGERIANS DEMAND IMMEDIATE ACTION ON TRANSPARENCY, ACCOUNTABILITY AND YOUR SUPPORT FOR THE FIGHT AGAINST CORRUPTION The National Assembly is an important arm in the triangular governance structure of Nigeria. As the arm of government responsible for making laws for the country, and following up ...

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Recession: Telcos may block Skype, WhatsApp calls, target N20tn revenue

By OZIOMA UBABUKOH With the economic crisis in the country hitting businesses hard, telecommunication firms are opting for drastic measures to boost revenue. Telecoms companies in the country are hoping to address concerns over revenue loss from international calls and hit a revenue target of N20tn by blocking subscribers from accessing Skype and other Over-the-Top services, The PUNCH learnt on ...

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[VIDEO] A TALE OF BURIED CASH BY FEMIDLIVE

Watch FemiDlive of JayFM in this video as he discusses the latest uncovered “tale of buried cash” belonging to former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Andrew Yakubu in Kaduna. Here is the Story A special operation conducted by operatives of the Economic and Financial Crimes Commission on 3rd February, 2017 on a building belonging ...

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The Denouement of Primary Export Dependence – Nigeria’s Economic Recession

By Chambers Umezulike According to the Nigeria National Bureau of Statistics, the country’s Gross Domestic Product contracted by 0.36% in the Quarter (Q) 1 of 2016, the first negative growth in many years. Successive contractions in Q2 and Q3 of the same year by 2.1% and 2.24%, respectively, officially chaperoned Nigeria into an economic recession. Even before the country’s general ...

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NEITI UNVEILS ROADMAP ON BENEFICIAL OWNERSHIP DISCLOSURES AND USE OF OPEN DATA

ABUJA The Nigeria Extractive Industries Transparency Initiative (NEITI) has unveiled two documents designed to push the boundaries of implementation of transparency and accountability in the extractive industries in Nigeria. The first document is the Roadmap on Beneficial Ownership disclosure. It seeks to outline Nigeria’s strategy towards the implementation and fulfillment of Requirement 2.5 of the EITI standard which among other ...

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Nigeria’s Socio-Economic Future: Demographic Dividend or Disaster

By Chambers Umezulike   According to the United Nations Population Fund, demographic dividend is the economic growth potential that can result from transpositions in a population’s age structure. This is mainly when the share of the working-age population (15 to 64) is larger than the non-working-age population (14 and younger, as well as 65 and older). Nearly half of the ...

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