Africa has officially overtaken Asia-Pacific as the fastest-growing tourism market globally, recording an 8% increase in international arrivals throughout 2025. According to the latest data from UN Tourism (the United Nations agency for the sector), the continent welcomed approximately 81.3 million international visitors last year, up from 75.4 million in 2024. This growth rate is […]
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 Nigeria (FICAN), held in Lagos over the weekend, with the […]
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 […]
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 […]
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 […]
…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 […]
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 […]
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 […]
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 Securities […]
…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. The World Bank, […]
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: […]
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 […]
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 […]
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 […]
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 economic growth […]
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 […]
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 […]
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 […]
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 […]
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, wastages. Preservation, transportation, research, education […]