News

Non-oil sector: How commodities ecosystem development can boost Nigeria’s FX earnings, economic growth

Ihesiulo Grace 19 September 2022 0

By Motolani Oseni The development of the commodities ecosystem has been identified as a great tool that can help the country to achieve its quest for sustainable foreign exchange earnings and economic growth. Speaking at the 2022 annual conference of the Finance Correspondents Association of

News

Can crypto positively influence the economy of developing countries?

Ihesiulo Grace 8 June 2021 0

Cryptocurrencies are very much capable of changing the fate of the economies of developing countries. For all intents and purposes, they have the capability to increase benefits by tackling a lack of fairly social trust and increasing access to financial services. They can be viewed as a medium to support economic growth in developing countries […]

Headlines News

Lagos attracts $8.32 billion investment in two years

Ihesiulo Grace 27 May 2021 0

Lagos State Government has attracted $8.32 billion investment in the last two years as it has the ability to bring in, retain and leverage on inclusive and sustainable economic growth. Affirming this at the ongoing inter-ministerial press briefing organised to commemorate the 2nd Year Anniversary of Governor Babajide Sanwo-Olu, Special Adviser to the Governor on […]

Opinion

Rethinking Development in Nigeria

Ihesiulo Grace 7 January 2021 0

Bámidélé Adémólá-Olátéjú The issue of underdevelopment in Nigeria is not new. What is new is the headwinds of restive youths, insecurity, a ballooning population, the globalising effects of the coronavirus pandemic and dwindling national income. I spent the last four weeks traveling through the West of Nigeria and I am very worried. I am worried […]

Entertainment News

Lagos Regatta and festival hold April 2020

Ihesiulo Grace 19 March 2020 0

…as organisers hint on economic growth The Greater Lagos Regatta and Festival (TG-LARAF) will accelerate the economic growth of Lagos State by heightening investor’s interests in the potentials of state, the organisers have said. At a press conference to announce the event, Mr. Ivor Ekpe, Chief Executive Officer of Gradient Hill Limited, organisers of the […]

News

Chamber of Commerce urges S’East govs to develop seaports for economic growth

Ihesiulo Grace 20 February 2020 0

Awka – The South East Chamber of Commerce, Industry, Mines and Agriculture (SECCIMA) has advocated greater synergy among the South-East governors to develop the seaports and enhance the economy of the zone. Mr John Udeagbala, former President of SECCIMA, made the call at the investiture of Mr Humphrey Ngonadi as the new President of the […]

News

Economy: Gov. Bello calls for adjustment in governance

Ihesiulo Grace 24 November 2019 0

Governor Abubakar Bello of Niger state on Sunday advocated structural adjustment in governance to boost economic growth and development in the country. A statement by the Chief Press Secretary to the governor, Mrs. Mary Berje, said Gov. Bello made the call during a 3-day executive leadership retreat on administrative relationship, strategic communication and management of

Business Headlines

FG seeks inclusive economic growth to tackle infrastructure challenges

Ihesiulo Grace 27 November 2018 0

The Minister of Finance, Mrs. Zainab Shamsuna Ahmed, has said Africa needs to develop its capital markets to accelerate inclusive economic growth and to tackle infrastructure challenges. This, the minister said, will complement banking sector finance to provide long-term capital for growth and development. The Minister disclosed this on Monday at the 22nd African

Business Headlines

World Bank forecasts 3.1 percent growth for global economy

Ihesiulo Grace 6 June 2018 0

…Says Nigeria’s manufacturing sector picking up Despite recent softening, the World Bank has revealed that global economic growth will remain robust at 3.1 per cent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market and developing economies levels off.

News Nigeria

Global economies lose $160trn to gender earnings disparity

Ihesiulo Grace 1 June 2018 0

The World Bank has revealed that globally, countries are losing $160 trillion in wealth because of differences in lifetime earnings between women and men. This amounts to an average of $23,620 for each person in the 141 countries studied by the World Bank Group in a new report released on Thursday. The study, Unrealized Potential: […]

Business Headlines

AfDB to invest $35bn to boost economic growth in Africa

Ihesiulo Grace 30 May 2018 0

The African Development Bank (AfDB) has said it will invest a whopping $35billion over a period of 10 years to boost economic growth in the African continent, adding that the development will raise Africa’s GDP to above $5.6 trillion. The AfDB noted that Africa needs to industrialise and add value to everything that it produces […]

Politics

Ekiti: Aspirant promises 25,000 jobs in agriculture, reposition state for economic growth

Ihesiulo Grace 1 May 2018 0

Ahead of the Ekiti State Saturday governorship primary of the All Progressives Congress (APC), one of the aspirants on the platform of the party, Muyiwa Coker has assured that he will create 25,000 jobs through mechanised farming if elected by the delegates and subsequently wins the election scheduled for July 14. Coker said 200,000 hectares […]

Business Headlines

IMF introduces new corruption policy for member countries

Ihesiulo Grace 24 April 2018 0

The International Monetary Fund (IMF) has said it will systematically address corruption and its impact on economic growth with all its member countries under new guidelines launched on Sunday. The stricter new policy also aimed at tackling how rich countries contribute to corruption in the developing world by failing to prevent bribery and money laundering […]

Headlines News

Trump meets Buhari in Washington, April 30

Ihesiulo Grace 17 April 2018 0

United States President Donald Trump has invited President Muhammadu Buhari to a private meeting in Washington on April 30 to discuss issues pertaining fighting terrorism and economic growth. The White House announced on Sunday that “President Trump looks forward to discussing ways to enhance our strategic partnership and advance our shared priorities: promoting

News

SGF calls for synergy with state govts on economic growth

Ihesiulo Grace 26 March 2018 0

The Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha has called for Synergy between the various arms and tiers of Government to achieve national growth and socio-economic development.   Speaking at the First Quarter 2018 edition of the Forum of the Secretary to the Government of the Federation with Secretaries to the […]

Business Headlines

Moody projects Nigeria’s real economic growth at 3.3% in 2018

Ihesiulo Grace 5 December 2017 0

Moody’s Investors Service in its annual report released on Monday said that Nigeria’s economic fundamentals will strengthen the recovery, with real growth of 3.3 per cent in 2018 and 4.5 per cent in 2018. The rating agency also said that Nigeria’s (B2 stable) credit profile is constrained by the continued exposure of the sovereign balance […]

News

FG set to organize focused labs to boost economic growth

Ihesiulo Grace 18 November 2017 0

Following the Federal Executive Council’s approval, the Ministry of Budget and National Planning has said that it is set to organise focused labs. According to the ministry, these labs consist simply in the bringing together of relevant stakeholders in the public and private sectors into weeks of intensive working sessions to brainstorm on practical steps […]

News Nigeria

‎Late passage of Budget destructive to Economy, Obaseki tells Senators

Ihesiulo Grace 20 July 2017 0

Governor Godwin Obaseki of Edo State on Wednesday lamented that late passage of budget by the National Assembly was destructive to the economy of the nation and warned that the situation must change if the nation must get the economy back on track. I can tell you that it is frustrating and unfair for a […]

Capital Market

FG’s broad Agric. Policy to drive grassroots development – Ogbe

Ihesiulo Grace 25 May 2017 0

The Nigerian federal government’s inclusive agriculture policy, is meant not only to boost economic development, create jobs and enhance food sufficiency, but targets at driving grassroots economic growth. Hence agriculture accounts for major profession of the local population, the policies are also geared towards ameliorating challenges posed by subsistence farming,

Tourism

Agency to transform Badagry into economic hub

Ihesiulo Grace 10 May 2017 0

Story By Ebere Chibuzor: In a bid to boost its economic value chain, Badagry Convention and Visitors (BCV) Agency, initiators of Badagry Economic Summit has mapped out strategies for stakeholders engagement to brainstorm on their economic growth, starting from March 23rd to 24th in Lagos State. Badagry Economic Summit is a bi-annual conference that brings […]