Latest report by National Bureau of Statistics (NBS) has revealed the passengers traveling on inter-city from Abuja paid the highest transport fare, followed by Plateau and Borno.

What serves as a stark reminder of the seemingly irredeemable character of the President Muhammadu Buhari government is its blithe appropriation of its failings as the hallmarks of its triumph. Lost in this self-assigned halo of infallibility, it denies itself the capacity for introspection and thus holds no promise of self-correction. Hence, while it is…

Weak capacity to attract foreign investments and challenging local business environment have been attributed as major reasons the private sector is unable to create jobs needed to stem the rise in unemployment.    Indeed, Nigeria’s unemployment rate increased from 18.8 per cent in the third quarter (Q3) of 2017 to 23.1 per cent in Q3…

Data from the National Bureau of Statistics (NBS) has shown that Nigeria’s Gross Domestic Product (GDP) grew to 1.81 per cent (year-on-year) in real terms in the third quarter of 2018, driven mainly by the non-oil sector, which contributed 90.62 per cent. When compared to the third quarter of 2017, which grew by 1.17 per…

There is no doubt that one of the most formidable challenges facing Nigeria today is growing unemployment. Despite the country’s vast natural resources, gross mismanagement, profligate spending, poor leadership and corruption have been blamed for Nigeria’s inability to maximally improve on the quality of life of its citizenry.  According to statistics from the National Bureau…

Despite commitments by the federal and state governments to the diversification agenda, Nigeria’s exports remain heavily dependent on crude oil, accounting for 85.4 per cent of export transactions in the third quarter (Q3).     While Europe and Asia remain the choice destination for Nigerian exports, trade within Africa in terms of exports, stood at N341.1billion…

Although the latest data from the National Bureau of Statistics (NBS) show that Nigerian Bank’s total lending to the private sector from Q1 2018 to Q3 2018 stood at N15.5 trillion as at September 30 2018, the volume of exposure to small-scale industrial firms and businesses remains a source of concern to operators. Indeed, the…

The Osun Government says it has disbursed more than N851 million loan to farmers through its agriculture initiative, Quick Impact Intervention Programme (QIIP) since 2011 till date. Mr Ismaila Jayeoba-Alagbada, the Commissioner For Commerce, Industries and Co-operatives, disclosed this at a news conference on Monday in Osogbo. Jayeoba-Alagbada said that 496 farmers’ co-operatives groups with…

The National Bureau of statistics (NBS) at the weekend said non-profit organisations (NPOs) contributed 0.5 per cent to the nation’s Gross Domestic Product (GDP) through $465 billion expenditure in 2017. The bureau’s Chief Executive Officer, Dr. Yemi Kale, who spoke at the 13th anniversary symposium of Lifeline Care Association in Abuja, regretted that the figure…

The population of Nigerians, currently over 190 million have been predicted to reach almost double figures in the next 32 years. Nigeria's census last collected in 2012 by the Nigeria National Bureau of Statistics, the total population of citizens in Nigeria was around 166.2 million people. Director General, Institute for National Transformation (INT), Abuja, Prof.…

Latest statistics from National Bureau of Statistics (NBS) has revealed that a total of N435.97 million was generated as revenue for passenger travel in the second quarter (Q2) of the year against N435.95 million in Q1.

The Gross Domestic Product (GDP) report of the National Bureau of Statistics (NBS) for the second quarter (Q2) showed a 0.45 per cent fall from 1.95 per cent in Q1, to settle at 1.5 per cent (year-on-year) in real terms.