The federal government has unveiled a 10-point fiscal roadmap, designed to stimulate the economy and set it on the path of recovery and growth. Highlights of the roadmap were rolled out by the Minister of Finance, Mrs. Kemi Adeosun, who represented the Vice President Yemi Osinbajo, at the annual dinner of the Lagos Business School. […]
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The federal government plans to raise $2 billion through the concession of the existing Lagos-Kano/Port-Harcourt-Maiduguri rail line, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said. He spoke in Abuja just as the Minister of Finance, Mrs Kemi Adeosun, called for the lowering of interest rate to boost economic growth. Udoma, […]
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There have been interesting arguments over Minister of Finance, Kemi Adeosun’s observation that “recession is just a word”, and NAN MD, Bayo Onanuga claiming that reports of hardship in the land is exaggerated propaganda. I think we need to break down the subject further from a layman’s perspective. Recession is a word, no doubt, but […]
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Standard Chartered Global Research, an arm of Standard Chartered Bank, shows that Nigeria, the second largest economy in Africa, would have grown by 1.6 percent by the end of 2016. In its adjusted gross domestic product (GDP) forecast for 2016, Standard Chartered showed that Nigeria’s economy will grow at a faster pace than South Africa, […]
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The Federal Account Allocation Committee (FAAC), says on Thursday it distributed the sum of N559.032 billion to the three tiers of government. This makes it highest allocation since the APC led administration of President Muhammadu Buhari took over power 12 months ago. The Excess Crude Account (ECA) has also increased from $2.61b to $3.094 billion. […]
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The minister of finance, Kemi Adeosun has said that Nigeria is “technically in a recession”. Fielding questions from senators on Thursday, Adeosun explained that the previous administration did not adequately tackle the economic challenges faced by the country. “Are we in recession? Technically, yes we are, “she said. “The previous administration was borrowing to pay […]
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The Minister of Finance, Mrs. Kemi Adeosun has informed members of the House of Representatives that the federal government spent N64 billion on foreign trips. The minister, who addressed the lawmakers at plenary on the ongoing sectorial debates on how to diversify the economy, said government was trying to reduce the huge amount of money […]
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The Managing Director of International Monetary Fund (IMF) Christine Legarde says the state of Nigeria’s economy is critical and requires proactive monetary, fiscal and structural policies to put it on the path of growth. The IMF position during a media conference at the IMF WD spring meetings attracted the reaction of Nigeria’s Minister of Finance […]
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Amid Nigerian President Muhammadu Buhari’s visit to Beijing this week, Foreign Minister Geoffrey Onyeama announced that China has offered Nigeria a $6 billion loan to pay for infrastructure projects. President Buhari aims to increase spending on public works projects as a means of kickstarting economic growth. Nigeria is facing its worst economic crisis in decades […]
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Nigerians voted for change and to attain that change there is a need to do things differently, in the recognition that doing what we have always done will only result in more of the same. That change has started with the vital offensive against corruption, which has had a huge and adverse effect on our […]
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