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Gross Domestic Product

13 Apr 2021
Operators have attributed slow take-off of commodities exchanges in Nigeria to the government’s lack of understanding of the workings of the specialised market
27 Aug 2020
The Presidency yesterday said that the country’s Gross Domestic Product (GDP) figures recently released by the National Bureau of Statistics...
9 Aug 2019
Experts have urged the federal government to develop an environment conducive for marketing gemstones, and jewelry, to increase their contribution to the national gross domestic product, (GDP).
29 May 2019
Immediate past Minister of Budget and National Planning, Udoma Udo Udoma, yesterday said the nation’s 2019 budget had a funding gap of N102.83 billion. He, however, linked the development to the increase made by the National Assembly. During the public presentation of the budget signed into law on Monday by President Muhammadu Buhari, Udoma insisted…
23 May 2019
Stakeholders in the Nigerian metallurgical industry have called for the development of finance strategies to encourage the growth of Small and Medium Enterprises (SMEs) in the steel sector. They observed that if the sector was to contribute more to the Gross Domestic Product (GDP), there was the need to revamp steel plants that could produce…
17 Apr 2019
West Africa’s mobile ecosystem generated more than $50 billion in economic value in 2018, equivalent to 8.7 per cent of the region’s Gross Domestic Product (GDP), according to the Global System Mobile Communications Association (GSMA). This statistics, released yesterday at the on-going ‘Mobile 360 – West Africa’ event, in Abidjan, Côte d’Ivoire, was contained in…
8 Apr 2019
The scripting of appropriate reforms for informal sector taxation, tackling the non-remittance challenges and improving the consumption patterns of through policy developments hold the key to the realisation of N3.47 trillion in Value Added Tax (VAT) base by 2023. A research by FSDH Merchant Bank Limited noted that the nation’s large informal sector, put at…
5 Apr 2019
Nigeria's debt burden has risen to N24.387 trillion as at the end of December 2018, up from the last September 30, 2017 level of N22.428 trillion, indicating an increase of at least 12. 2 per cent.
2 Apr 2019
Africa loses more than $2.4 trillion (about N864 trillion) of its Gross Domestic Product (GDP) yearly to diseases afflicting its 47 member states. It also lost nearly 630 million years of healthy life in 2015 to infirmities. A recent estimate by the World Health Organisation (WHO), published yesterday, showed that Nigeria, Democratic Republic of Congo,…
26 Mar 2019
Nigeria and other African countries could increase tax revenue by as much as $72 billion or 4.6 per cent of Gross Domestic Product (GDP) yearly if comprehensive tax reforms are carried out, the Economic Commission for Africa (ECA) says.
13 Feb 2019
Despite the real Gross Domestic Product (GDP) growth recorded by the manufacturing sector for the fourth quarter of 2018, the sector’s contributions to the nation’s GDP during the period did not change from 2017 share (8.86%), as well as in the annual contribution, which rose only slightly from 9.18% in 2017 to 9.20% in 2018.…
25 Jan 2019
Bernard Bankole is the president of the National Association of Nigerian Travel Agencies (NANTA), the downstream sector of the aviation sector. Bankole, in this interview with WOLE OYEBADE, takes a closer look at the air travel business and tourism, highlighting its challenges, potential and the way forward among other issues. Excerpts: What is your take…

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