Tag: GDP

Plans are underway by the Federal Government to remove subsidies on petrol and electricity in 2022, the Minister of Finance, Budget and National Planning,...

The Minister of Information and Culture, Alhaji Lai Mohammed, has said in spite of the huge challenges inherited by the current administration, President Muhammadu...

Budget of Economic Growth and Sustainability Delivered By: His Excellency, President Muhammadu Buhari President, Federal Republic of Nigeria At the Joint Session of the National Assembly, Abuja Thursday, October...

The World Bank has raised its 2021 economic growth forecast for Nigeria to 2.4 percent.. The Bank disclosed this yesterday in the latest edition of its...

Despite the outcry against frequent borrowing, the federal government Wednesday hinted of its plan to borrow more in order to finance the N6.258 trillion...

The house of representatives has asked the federal government to secure the release of Nigerians said to be illegally detained in prisons abroad. The lawmakers said...

Nigeria’s economy grew at a real rate of 5.01 per cent in the second quarter of 2021 from the 0.51 recorded in...

Nigeria will receive $3.35 billion as its share of the International Monetary Fund (IMF) $650bn special drawing rights (SDRs) to help boost the liquidity...

Boss Mustapha, secretary to the government of the federation (SGF), says the federal government is working to address the country’s security challenges. NAN quoted Mustapha...

The federal government has submitted a proposal to borrow N5.62 trillion to finance the budget deficit in the 2022 budget. This is just as the...

Former Governor of the Central Bank of Nigeria, Alhaji Sanusi Lamido, said on Saturday that Nigeria had made zero progress since 1981. Sanusi, who said...

The Director-General of the African Development Bank Group’s Nigeria Country Department, Mr Lamin Barrow, has said the Nigerian government’s plan to lift 100 million...

The crash in international tourism due to the coronavirus pandemic could cause a loss of more than $4 trillion to the global GDP for...

President of the African Development Bank Group (AfDB), Dr Akinwumi Adesina, Wednesday said the economy of Africa has lost over $190 billion due to...

Fellow Nigerians, I join you all today to commemorate and celebrate our Democracy Day. It is a celebration of freedom and a victory for one...

President Muhammadu Buhari has asked the International Finance Institutions to approve 25 to 30 percent of unused Special Drawing Rights (SDR) for African countries. President...

Uganda’s total public debt has hit a record Shs65.82 trillion as of December 2020, up from Shs49 trillion in 2019, with a Shs16.82 trillion...

Sub-Saharan Africa is set to record the world's slowest regional economic growth at 3.4 percent as it struggles to recover from a virus-triggered slump,...

The Federal Government will henceforth allocate half a per cent of Nigeria’s Gross Domestic Product to research and innovation, the President, Major General Muhammadu...

Miyetti Allah Breeders Association of Nigeria says it is tired of open grazing in Ondo State, calling on government to make provision for ranches...