2018 budget shortfalls, others may raise debt to N25 trillion
Shortfalls in the 2018 budget may worsen the nation’s debt status, pushing it to N25 trillion by the end of the year.Though the huge amount is far from the debt threshold when compared to a Gross Domestic Product (GDP) of $363 billion in 2017, it is three times more than the 2017....
Firm targets low-income earners in estate projects
Lagos-based real estate investment company- Messrs Beyond Building has introduced new investment portfolios for prospective middle class, low-income earners and luxury home seekers.
High mortgage interest rate impedes housing delivery
The impact of high mortgage interest on the nation’s housing delivery has continued to be a source of worry for operators. This is because of the importance of housing finance in improving coverage rate, which has unfortunately remained at a dismal 25 per cent.
‘Growing population still a threat to Nigeria’s GDP’
The Risk Managers Association of Nigeria (RIMAN) has said that the rapid growth of Nigeria’s population still poses a threat to the nation’s Gross Domestic Product (GDP), especially with its slight increase from 0.83 per cent in 2017 to 1.95 per cent after the first quarter of 2018. The Director, Risk Management, Central Bank of…
GDP grows by 1.95% in Q1, non-oil sector accounts for 90.3%
Though the nation’s Gross Domestic Product (GDP) grew by 1.95 per cent (year-on-year) in real terms in the first quarter of 2018, financial analysts have advocated easing of monetary policy for sustainability.
‘How mobile ecosystem added $37 billion to West Africa’s GDP in 2017’
The mobile ecosystem contributed $37 billion, which was equivalent to 6.5 per cent of global Gross Domestic Product (GDP), to the West African economy in 2017. The mobile ecosystem consists of mobile operators, infrastructure service providers, retailers and distributors of mobile products and services, mobile handset manufacturers, and mobile content, application and service providers. The…
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.