Unlocking the mining potentials in Nigeria
Mining sector in Nigeria has been plagued with a lot of challenges, which has negated the growth, limited the potentials and viability of the industry. Addressing these key challenges would unlock the sectors prospects.
Restructuring: History 101
Vice President Yemi Osinbajo’s rather perplexing insistence that administrative restructuring is not the solution to Nigeria’s politico-economic problems, does suggest that the academic-turned-politician is a poor student of history.
‘Why non-oil export sector may remain at level of potential’
The expectations of an end to the rhetorics of “potential” in the non-oil sector may remain unrealised, with assessed myriads of challenges and declining fortunes presently assailing the sector. According to the non-oil exporters, challenges revolving around products, pricing, paperwork, payment, promotion and policies need to be addressed for the non-oil export sector to contribute…
Nigeria’s seaport and social depression
Unlike Cote d’Ivoire’s seaport that intersects with service industry and give Cote d’Ivoire over 60 per cent of its GDP, Nigeria’s seaport does not exceed 30 per cent and it is a seaport looked up to service about four landlocked neighbouring countries which could make it more cost effective for them than they currently experience.…
Dankwambo blames FG over alleged comatose economy, declining GDP
A presidential aspirant in the Peoples Democratic Party (PDP), Ibrahim Hassan Dankwambo, has blamed the Federal Government for a ‘comatose’ economy. Dankwanbo, who is the Governor of Gombe State, lamented the failure of President Muhammadu Buhari-led government to improve Nigeria’s Gross Domestic Product (GDP).
Nigeria’s tottering GDP sends warning signal
For the first and second quarters of 2018, the Nigerian economy experienced turbulence, which analysts have already described as similar to the period prior to recession. The National Bureau of Statistics (NBS), in its report of economic activities for the second quarter (Q2), yesterday, said the nation’s Gross Domestic Product (GDP) lost momentum, calculated at…
Government sets up tourism committee to boost IGR, GDP
The Ado – Ota Local Government Area (LGA) in Ogun State has inaugurated a committee to help boost its Internally Generated Revenue (IGR) through tourism.
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…