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2019: Major reviews of Nigerian economy in one week

It was an eventful first week of January, 2019 in the Nigerian Economy and we bring to you key developments that occurred during the week in review. Economy The leadership of the Nigerian Labour Congress and other affiliate unions held a meeting last week with the Federal Government to reach a possible agreement on the…

Borno: Education leads with N22bn as Shettima proposes N125bn in budget

Governor Kashim Shettima on Monday in Maiduguri, presented ‎to the Borno State Assembly a budget of 125.8 billion naira for the 2019 fiscal year out of which 22.4 billion naira was allocated for completion of numerous projects in primary, secondary and tertiary schools including their equipping and management. Shettima described the budget as his last,…

Full text of Budget of Continuity delivered by Buhari at NASS

2019 BUDGET SPEECH (BUDGET OF CONTINUITY)     Delivered by:   His Excellency, President Muhammadu Buhari President, Federal Republic of Nigeria At the Joint Session of the National Assembly, Abuja wednesday, 19TH December 2018 PROTOCOLS – 1.             It is my pleasure to present the 2019 Budget Proposals to this Joint Session of the National Assembly. 2.             This being my…

Nigeria records 1.8% growth in GDP in Q3

The nation’s Gross Domestic Product (GDP) grew by 1.81% (year-on-year) in real terms in the third quarter of 2018. Compared to the third quarter of 2017 which recorded a growth of 1.17%, there is an increase of 0.64% points. The second quarter of 2018 had a growth rate of 1.50% showing a rise of 0.31%…

Buhari assures on improved economy.

President Muhammadu Buhari said Thursday in Abuja his administration will continue to implement policies that will make Nigeria’s economy, which is already looking good, better. Speaking at an audience with Mr Jesper Kamp, the new Ambassador of the Kingdom of Denmark to Nigeria, President Buhari said Nigeria welcomes further strengthening of relations with countries, especially…

ECA brings experts, govt officials to discuss South African economy

The ECA office for Southern Africa will organize the Twenty-Fourth Session of the Intergovernmental Committee of Experts (ICE) of Southern Africa on the theme “Blue Economy, Inclusive Industrialization and Economic Development in Southern Africa” from the 18th – 21st September 2018 at the Le Méridien Hotel, Pointe aux Piments, Mauritius. The 24th ICE of Southern Africa will…

How swings in oil prices affect Nigerian economy

On the face of it, there is nothing exceptional about Nigeria’s current economic crisis; it is simply the manifestation of years of the State’s dependence on revenue from the volatile commodity that is crude oil; a persistently unhealthy domestic business environment; external trade shocks; wilful dysfunction between fiscal and monetary policies; weak institutions and the…

Buhari assures Niger Delta on review of 13% derivation

President Muhammadu Buhari Friday in Abuja said his administration will look into the constitutional 13 per cent derivation benefit to the Niger Delta region to ensure even spread of developmental projects that meet the needs of the people. Receiving Isoko Traditional Rulers and personalities led by His Majesty Ovrawah, Omogha 1, Odiologbo of Oleh, at…

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