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Non-oil sector grows Nigeria’s GDP to 1.8%, says NBS

Data from the National Bureau of Statistics (NBS) has shown that Nigeria’s Gross Domestic Product (GDP) grew to 1.81 per cent (year-on-year) in real terms in the third quarter of 2018, driven mainly by the non-oil sector, which contributed 90.62 per cent. When compared to the third quarter of 2017, which grew by 1.17 per cent, the NBS in a ...

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Importation: ‘Nigeria saves $21bn on food’

President Muhammadu Buhari has lauded Nigerians for curbing excessive taste for foreign products, which has positioned the country for food self-sufficiency, and resulted into savings of over $21 billion. The President said the humongous savings will be deployed to other critical areas like infrastructure, education, health care, and many others. President Buhari was reacting to recent disclosures by the Central ...

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Customs rakes in N1.12bn IGR, seizes 67 vehicles in Ogun

The Nigeria Customs Service (NCS), Ogun Area Command yesterday disclosed that it generated N1, 129, 119, 923 as monthly revenue for November out of N727, 775, 499 target. The Area Controller, Michael Agbara who disclosed this at the press briefing at the State Command Headquarters, Idi-Iroko, said the command recorded N401, 344, 423 excess. Agbara said the command equally confiscated ...

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Is FG’s #TraderMoni a Commendable Micro-Economic Plan or a Mere Political Ruse?

It is no longer news that the Federal Government has launched its soft loan scheme for petty traders around the country. @Trader_Moni has previously been activated in Gwagwalada, Nyanya and Utako markets. Quite a number of petty traders and artisans have been registered and credited with this TraderMoni loan in Abuja. Today, we have enumerators in Wuse & Karu Market #Abuja#tradermonipic.twitter.com/FwjuWy3xpa — TraderMoni (@Trader_Moni) November ...

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African countries must leverage their strengths to accelerate drive towards integration

Participants to the 13th African Economic Conference called for African countries to leverage the full range of their strengths and resources to accelerate the region’s drive towards continental integration. Themed “Regional and Continental Integration for Africa’s Development” the 2018 AEC, jointly organized by the United Nations Development Programme, the United Nations Economic Commission for Africa, and the African Development Bank ...

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#PanamaPapers: ActionAid demands probe of Saraki, David Mark, others

Anti-poverty campaigner, ActionAid Nigeria, has called on Nigerian authorities to investigate Nigerians whose name appeared in the #PanamaPapers. In a statement signed on Thursday by its policy and campaign director, Tunde Aremu, the agency said “the federal government owes Nigerians and the nation the responsibility of investigating Nigerians mentioned in the new revelations on individuals and corporates operating secretive offshore ...

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Election spending may threaten food supplies, price stability!

The nation’s price stability remains heavily exposed to domestic shocks that may arise post-harvest season, coupled with festive and election spending, which would hit top gear sooner. This is coming despite the sudden marginal drop in inflation in October, which beat expectations, settling at 11.26 per cent from 11.28 per cent in September. While analysts believe that the threat of ...

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Kano, Gates, Dangote Foundations Appraise State’s 2018 Health System Programme

– As Kano gets 67% of agreed 2018 milestones For the purpose of strengthening health care delivery system for optimal benefit in Kano state, the state government, Bill Melinda Gates and Dangote Foundations held a teleconferencing discussion, Tuesday, at 2018 end of year review, at Africa House, Government House, Kano state. The trio-discussion assessed how the health care sector paired ...

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Sustaining Debts is hinged on private sector, investments

Citing inconsistencies in population growth rate and the pace of the economy, stakeholders in the private sector have raised concerns about the sustainability of Nigeria’s debt profile considering the level of development in the real sector and other key drivers of the economy. Indeed, they noted that Nigeria’s debt profile may increase if managers of the economy do not address ...

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#Corruption: Buhari seeks stiffer sanctions for corrupt persons

PRESIDENT Muhammadu Buhari yesterday said the sanctions of jail terms for illicit financial flow was no longer sufficient to fight the menace. President Buhari who stated this while delivering a speech on “Illicit Financial Flows (IFFs) and Corruption: The Challenge of Global Governance” at the Peace Forum, in Paris, France, said stringent actions should be taken against perpetrators of illicit ...

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