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…
Weak corporate governance can undermine financial stability, says Emefiele
Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has said weak corporate governance can undermine financial stability by heightening vulnerability of financial institutions to external shocks.
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.
Food prices fall in Asaba
Mrs Angela Okonta, a food dealer, told NAN that a sac of garri which was previously sold for N20,000 now sold for 17,000. According to her, a bushel of garri which was sold for N1,000 in June now went for N700.
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.
FG strategises to check slipping back into recession
Vice President Yemi Osinbajo has announced initiatives to bolster spending in all tiers of the Nigerian economy as part of measures to boost growth and check the economy from sliding into another round of recession.
Osinbajo urges three tiers of government to adhere to fiscal discipline
“The recently announced exit from recession is simply one of the stages in the development of this economy and the growth of this economy for future generation.