Fitch predicts negative 2020 global shipping outlook
The year 2020 may not be so rosy for the shipping sector, going by a new report by Fitch Ratings, which predicted that the ‘shipping outlook is negative”.
Nigeria’s manufacturing sector’s GDP to hit N49.6tr with 40,000Gwh of power supply
If electricity supplied to industries increases to 40,000Gwh within the next seven years, the manufacturing sector’s contribution to the Gross Domestic Product (GDP) is projected to rise to N49.6 trillion with at least 46.59 million jobs created.
Economy’s GDP positive, but still weak, say experts
The nation’s economy in the third quarter (Q3) of 2019, recorded 2.28 per cent in Gross Domestic Product (GDP), an improvement from two per cent in Q2, but experts have also described it as weak.
Nigeria's GDP grows by 2.28%, second-highest quarterly rate since 2016
Nigeria's gross domestic product (GDP) grew by 2.28% in the third quarter of 2019, National Bureau of Statistics revealed in its latest report. The growth rate in Q3 of 2019 represents the second-highest quarterly rate recorded since 2016. The growth in the third quarter is 0.16 percentage points higher than the 2.12% revised GDP growth…
UN’s new sustainable solutions to increase GDP by $2.6 trillion
A new initiative; Sustainable Mobility for All Initiative (SUM4ALL), predicated on growing urbanisation, increasing world trade, and new technologies may increase global Gross Domestic Product (GDP) by as much as $2.6 trillion.
Again, the imperative of governance reform
The bell is again tolling for Nigeria with sundry calls for reform of the ailing state system by well-meaning citizens and foreign development partners. The urgency of the moment cannot be ignored with a wave of the hands.
‘Women in politics will grow GDP by 23%’
The Ambassador of Sweden to Nigeria, Carl-Michael Grans, has asserted that Nigeria’s Gross Domestic Product (GDP) will grow by 23 per cent if women participate fully in running the economy.
Not yet affordable housing despite high promises
The housing sector of any country can mar or boost the economy, depending on the manner government wants to run its policies.It is instructive that there is a lot of obvious difference in the way the government accords its priorities on the different sector of the economy.