Slight Growth Witness In Non Oil Sector of The Economy

National Bureau of Statistics, NBS, has released the third Quarter GDP figures of the Nigerian economy. The report reveals a consistent growth in Agric and Solid Mineral sectors, indicating the success of the Buhari administration’s economic policies even though overall economy is still in recession. This is disclosed in a statement made available to the…

President Buhari’s Position on the Recession, State of the Nigerian Economy

PRESIDENT BUHARI ATTENDS AFRICAN ASSOCIATION OF CBN GOVERNORS 39TH SESSION This government … is working hard to do things right and do them in a manner that will endure. According to Statement from Garba Shehu, Senior Special Assistant to President Buhari on Media and Publicity, the debate over the state of the Nigerian economy should…

Sub-Saharan Africa, Growth Falls to Six Year Lows

Economic activity has weakened markedly in sub-Saharan Africa, and the strong growth momentum of recent years has dissipated in several countries. The IMF’s latest Regional Economic Outlook for sub-Saharan Africa puts growth at 3¾ percent this year, lower than in 2009 in the aftermath of the global financial crisis. In this podcast, co-author Céline Allard,…

Garba Shehu: What Is President Buhari Doing With The Economy?

Garba Shehu: What Is President Buhari Doing With The Economy? LET me start by asking an important question: who wants to kill racy introspection? There is a cacophony of voices telling the Muhammadu Buhari administration to close its eyes to the past; that given the enormous tasks that lie ahead, history and its consequences for…

2016 budget may not meet expectations, Fashola confesses

Babatunde Raji Fashola (SAN), Minister of Power, Works and Housing, has said that Federal Government’s expectation to ensure there is inclusion and employment with the N6.6 trillion 2016 budget may not be realistic. He explained that the inclusive governance, which the present administration targets to achieve, will be illusive and the people targeted may not…

Nigerian Economy: Moody’s predicts further rise in inflation

Moody’s, the global rating agency, has predicted a further rise in the already historic high in the nation’s inflationary rate to 18 per cent. According to a Global Credit Research report released by the rating agency in Dubai, Moody’s said the depreciation implies a material loss in purchasing power given import-price inflation, adding that it…

Nigerians must bear the pain of fixing economy –Presidency

The presidency has fully acknowledged that the Nigerian economy is in shambles, but is also optimistic that it can be fixed. The Presidency however warned that like a broken led that has to be mended; Nigerians must bear the pains that come with the healing process before things can get better. Mr. Garba Shehu, the…

PMB Commends Zuckerberg For Inspiring Nigerian Youths

…As Airtel, others congratulate winners of Aso Villa demo day President Muhammadu Buhari yesterday commended the Chief Executive Officer and Co-founder of social networking website, Facebook, Mark Zuckerberg for sharing his wealth of knowledge with Nigerian youths and inspiring a new generation of entrepreneurs. Receiving the internet entrepreneur at the Presidential Villa, Abuja, the president  …

Inflation, Nigerians And The CBN: A Wrong Prescription

Prices have continued to rise and our ability to pay for basic and essential items has continued to fall, so are our wellbeing and our prosperity. Investment for the future by firms and individual households are on the decline. Every person on the street accepts that we are faced with inflation. So, the Central Bank…

What is Buhari doing with economy?

By Garba Shehu LET me start by asking an important question: who wants kill racy introspection? There is a cacophony of voices telling the Muhammadu Buhari administration to close its eyes to the past, that given the enormous tasks that lie ahead, history and its consequences for our nation should be the least of the…

Buhari hails Zuckerberg for inspiring Nigerian youths

Chief Executive Officer and Co-founder of social networking website, Facebook, Mark Elliot Zuckerberg, yesterday found an admirer in President Muhammadu Buhari on account of his simplicity. Zuckerberg yesterday hurried back to Nigeria from Kenya after an earlier visit to keep an appointment with Buhari. The president told Zuckerberg, who visited him at the Presidential Villa,…

Economic recession: FG on top of situation, says Lai Mohammed

Nigerians should entertain no fear about the economic recession in the country, Information and Culture Minister  Lai Mohammed said yesterday. The Federal Government is on top of the situation, he said at a forum of the News Agency of Nigeria (NAN) in Abuja. He also dismissed as preposterous calls by the opposition Peoples Democratic Party (PDP)…