Nigeria's cash-strapped statistics office can't provide data
Nigeria's current rate of unemployment is unknown because the body responsible for providing such data is broke. The last official unemployment data published by the National Bureau of Statistics was for the third quarter of 2017, with the unemployment rate standing at 18.80 percent, an increase of 2.60 on the figures for Q2 of the…
Osun government disburses N851m loan to farmers
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…
Buhari deplores prevalent unemployment, poverty amid high oil receipts
President Muhammadu Buhari has regretted that the high oil revenue over the years never translated to job creation and poverty eradication in Nigeria.
Non-profit firms boost GDP with $465b, says bureau
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…
NBS says price of kerosene increased to N297 in September
The National Bureau of Statistics (NBS), said the average price per litre paid by consumers for National Household Kerosene increased to N297.28 in September from N288.75 recorded in August.
At 58, infrastructure, low purchasing power undermine real sector’s EODB
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.
Ikeja Electric rolls out 85,000 prepaid meters, pledges to reduce estimated billing
In order to deliver on the yearnings of customers, Ikeja Electric (IE) Plc, has intensified the roll-out of prepaid meters to further close the metering gap within its network. The firm has also promised to reduce estimated billing with the deployment of prepaid meters. The company recently commenced the roll-out of 85,000 meters to cover…
How private developers stave off lull in property market
Since the marginal recovery from the recession last year, the real estate sector is still lagging behind general economic performance because of an uncontrollable micro economic index. According to the National Bureau of Statistics, the sector contracted further to –9.4per cent in Q1’18 from -5.92per cent in Q4’17 and -3.1per cent in Q1’17. High borrowing…
Nigeria’s foreign debt stands at $22.08bn, local N3.48trn
The National Bureau of Statistics (NBS) has disclosed that Nigeria’s foreign debt stands at $22.08billion.