South Africa exits recession as govt eyes 2019 polls
South Africa broke free of recession on Tuesday when it reported GDP growth of 2.2 percent for the third quarter, the statistics authority said, marking a positive economic trajectory ahead of elections.
South Africa slips into recession, against forecasts
South Africa's economy tipped into recession as it shrunk 0.7 percent in the second quarter, official data showed Tuesday, dealing a blow to President Cyril Ramaphosa who came to office in February.
Experts advise FG on post-recession management
Economic experts have advised the Federal Government to liberalize and privatize all infrastructure to sustain the post recession and have a strong foreign reserve to attract foreign investors to Nigeria. They also contended that instead of raising foreign loans to pay debts, government could realise over $500b from privatization of assets in five years. The…
After a bleak 2017, what hope for Nigeria in 2018?
2017 was bleak; blighted by inflation, recession, government prevarication on important decisions, an insincere war on corruption, uptick in Boko Haram attacks (mostly on soft targets) and needless pastoral conflicts. The gloom that the year represented was accentuated by the promise that heralded it. At the beginning of the year, the Muhammadu Buhari administration had…
At UACHD youth seminar, Utomi, Soludo, others give tips for overcoming recession
Addressing the gathering, former CBN Governor Prof. Chukwuma Charles Solundo said disruptive change is permanent feature of life, including nations, adding that recession will soon end but the scars will endure.
NECA faults NBS 2.19 % growth, says economy still in recession
Speaking in Lagos recently, its President, Larry Ettah, said major policy responses must be considered to ensure robust and sustainable growth, as well as effective implementation of the Economic Recovery and Growth Plan (ERGP).
Exit from recession: Matters arising
Although President Muhammadu Buhari expressed happiness over the positive GDP growth rate of 0.55 per cent recorded in the second quarter of 2017 after negative growth rates in the preceding five quarters, he yearned for a meaningful economic improvement in the lives of Nigerians.
Recession exit, CBN as the major game in town
The Bank should equally intensify current efforts aimed at de-risking agricultural lending by expanding the scope of the NIRSAL (Nigeria Incentive-Based Risk Sharing System for Agricultural Lending) through adequate and timely funding.
Nigeria must feed itself, says Buhari
The president stressed that with Nigeria exiting recession, the country has become a safe haven for investors. He said the establishment of the company was a testimony that the country’s agricultural policies were working.