Stakeholders decry low contribution of cotton garments to GDP
The sharp decease in the contribution of Cotton Textile and Garment (CTG) sector to national economy has been faulted by stakeholders describing the trend as dangerous.The Chairman House of Representatives Committee on Industry, Abubakar Husaini Moriki....
Nigerian economy: Light at the tunnel’s end?
Undoubtedly, discussions and commentaries on the Nigerian economy have in recent times become dissonant and cacophonous; indeed, some sort of ‘babel’, leaving the public in more bewilderment and obfuscation. As has been observed in several fora, the economy and economics are among those subject matters on which....
Experts chart path to sustainable taxation for 2018 budget
With Nigeria’s abysmally low six per cent tax to Gross Domestic Product (GDP) ratio and attendant dependence on rents from natural resources for government finances, experts on economic matters has said that the paltry figure is not sustainable to fund the 2018 budget, as it requires significant improvement.
Sector’s GDP contribution may undermine growth projections
Despite efforts by stakeholders in the nation’s insurance industry to grow insurance penetration in Nigeria, and boost sector’s contributions to the Gross Domestic Product (GDP), the sector merely recorded 0.32 per cent growth in first nine months of 2017.
‘How to reposition Nigeria’s manufacturing sector for increased GDP’
Stakeholders have raised concern on the parlous state of infrastructure at the ports, as well as the activities of multiple government agencies at the terminals, urging government to adopt a holistic strategy...
Nigeria’s GDP records decline in Q3 and Q4 2016
The National Bureau of Statistics (NBS) says the Gross Domestic Product in real terms dellined in the third and fourth quarters of 2016.
Imperatives for industrialisation
I attended the annual conference of the Nigeria Economic Society last week. The conference was centred around Nigeria’s attempts to industrialize. Of course, this is not a new issue.
‘How to make manufacturing sector contribute to the economy’
For the economy of the country to experience an upswing in its gross domestic product base, stakeholders in the manufacturing sector have called for a constant engagement between the public and private sector.
Much ado about tax to GDP ratio
Now that the price of crude oil has stubbornly refused to go back where Nigeria wants it, the realisation is slowly dawning that maybe things will be like this for a while.
‘Stakeholders must position retail as next economic driver’
The experts, who gathered at the fourth edition of the Retail Leaders Conference in Lagos, insisted that a plethora of challenges have continued to cripple the growth of the sector thereby limiting projected opportunities, particularly in the areas of job creation and economic benefits.