The G7 Development Finance Institutions (DFIs) have announced a commitment to invest $80 billion dollars in Africa’s private sector, over the next five years, to support sustainable economic recovery and growth in the continent. A statement on Monday, from the African Development Bank (AfDB), said the G7 DFIs made the announcement along with the International […]
The UN says vaccine inequality between countries and regions is posing a significant risk to an already uneven and fragile global economic recovery. The UN economic forecast, published on Tuesday, stated that while the outlook for global growth has improved, the ongoing impacts of the pandemic, as well as inadequate progress on vaccination in poorer […]
British Prime Minister Boris Johnson on Tuesday promised to spend 5 billion pounds (or 6.15 billion dollars) on infrastructure projects to kick-start Britain’s economic recovery. According to him, the plan is to help the country through the expected severe economic impacts of the coronavirus pandemic as well as Britain leaving the EU. “The spending programme […]
Manufacturers have praised efforts of the Central Bank of Nigeria (CBN) on planned disbursement of N93.2 billion out of N1 trillion intervention fund targeted at manufacturing and agribusiness sectors for economic recovery, post COVID-19. Dr. Muda Yusuf, Director-General, Lagos Chamber of Commerce and Industry (LCCI), in an interview with News Agency of Nigeria (NAN) in […]
The Nigerian government’s Economic Recovery and Growth Plan identifies ‘investing in our people’ as one of three ‘strategic objectives. But the ‘execution priorities’ don’t fully reflect people’s needs, prioritizing physical capital over human capital. To anchor the economy over the long term, investments in infrastructure and competitiveness must go hand in hand with investments in […]
The Minister of Budget and National Planning, Senator Udoma Udo Udoma, has stressed the need for robust population management policies in the country to spur growth in the economy. Senator Udoma made the call on Monday at an interactive session at the ongoing Parliamentary Open Week, which kicked off at the National Assembly in Abuja. […]
In continuation of the Executive/Legislative engagement on critical plans and activities of government, the Minister of Budget and National Planning, Senator Udoma Udo Udoma on Wednesday, evening briefed a joint session of the National Assembly leadership on the Economic Recovery Focus labs, which kicks off in Abuja, next month. The minister explained that the focus […]
Chief Martin Onovo, a former presidential candidate has faulted the National Bureau of Statistics (NBS) report concerning Nigeria’s economy out of recession. Onovo, who contested the 2015 presidential elections on the platform of the National Conscience Party, said that Nigeria was in a season of stagnation, rather than being in a recession, according to NAN’s […]
Say if exit is poorly managed, recession could re-occur again ‘Nigeria only out of recession technically’ As Nigeria, Africa’s largest economy was believed to have exited its worst recession in 29 years on Tuesday, financial analysts have urged the Federal Government to focus more on privatisation of its major sectors, while also continuing with its […]
The first trading day in the month of September kicked- off on a negative note as investors barely reacted to the news of Nigeria’s exit from recession, announced by the National Bureau of Statistics (NBS) on Tuesday. Stock market performance for the month of August had closed negative with a Month-to-Date return of -0.95 per […]
The Federal Government, Thursday said it has concluded plans to mobilize a whopping sum of N2.5 billion for YouWiN! Connect annually as equity investment in start-ups and early stage SMEs through qualified fund managers under a co-investment model. The Federal Government of Nigeria (FGN) believes that Small and Medium Enterprises (SMEs), are engines of growth […]
…. Nigeria launches N20bn 1st tranche Green Bond in March The federal government has assured on its commitment to sustain the private sector partnership, saying it was pertinent to drive Nigeria’s economy. Acting President, Professor Yemi Osinbajo stated this on Thursday at the Nigerian Stock Exchange (NSE) Lagos, Green bonds capital market investors conference titled […]