The International Monetary Fund has forecasted that Nigeria’s economy is expected to grow by 2.5% in 2021 and 2.3% by 2022, citing that a continued lack of access to vaccines will see Africa’s projected growth at 3.4% compared to the rest of the world at 6%. The projected growth of 2.3 and 2.5% predicted for […]
Here is the main problem with Nigeria’s electricity sector: Nigeria is Africa’s most populous nation, but it has failed consistently to generate, transmit and distribute enough electricity to power its development process and accelerate economic growth. Between 1999 and 2007, President Olusegun Obasanjo focused on the reform of the electricity sector as one of the […]
.Nigerians shouldn’t worry, it’s a temporary phenomenon, says Expert For the first time in nearly two years, Nigeria’s inflation has reached an all time high of 12.13 per cent; the latest figure from the National Bureau of Statistics (NBS) has revealed. The Consumer Price Index (CPI) which measures inflation increased by 12.13 per cent year-on-year […]
Vice President Yemi Osinbajo says there is need for Nigeria’s policy elite to contribute to matters of national concern and public discourse, especially on issues of national unity. Osinbajo’s spokesman, Laolu Akande, in a statement on Wednesday, said that the vice president, made the appeal when he received the executive council of the Alumni Association […]
The United State Consul General, Claire Pierangelo has reiterated the importance of Nigeria’s entrepreneurs to the continued growth of economies in the West African sub-region and the prosperity of the continent. Speaking at a one-day capacity-building seminar for the first cohort of U.S. sponsored Tony Elumelu Foundation alumni, Ms Pierangelo noted that population trends in […]
Nigeria’s government and private sectors have made a pitch to foreign investors at the 2016 International Telecommunication Union conference, Telecoms World, where they presented the country’s developments in Information and Communication Technology (ICT) opportunities for future investment. Nigeria’s participation, which was put together by the telecoms regulator, the Nigerian Communications Commission (NCC) was led by […]