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Beneficiaries of the Growth and Employment Program (GEM), a World Bank Intervention funds initiated in 2015 have raised alarm over endless delay in accessing the second tranche of the fund, warning that it might go the way of previous intervention programs, if urgent steps are not taken. The fund, administered through the Federal Ministry of […]
Governor Akinwunmi Ambode of Lagos State, yesterday, disclosed that through the State Employment Trust Fund, ETF, his administration had in the last one year approved, N4.5 billion for 5,527 Medium Small Manufacturing Enterprises, MSMEs. Ambode, through the Secretary to the State Government, SSG, Mr. Tunji Bello stated this at the opening ceremony of the 2nd […]
The Vice President, Yemi Osinbajo, said on Monday that the Buhari administration spent N1.3 trillion on capital projects in 2016, the highest in the history of the country. Mr. Osinbajo disclosed this at a plenary of the 2017 Nigerian Bar Association, NBA, national conference in Lagos with the theme: “African Business: Penetrating Through Institution Building.” […]
Subject relating to promotion of entrepreneurship among those who would be leaders of tomorrow is an idea whose time has come. It is timely as current realities warrant a shift of Nigeria’s economic base towards the direction of the future, with robust emphasis on thoughts about diversification of our economic base. The time has therefore […]
The Bankers’ Committee of the Central Bank of Nigeria, CBN, on Thursday said the Nigerian economy was steadily pulling out of recession. The Committee gave the review at the end of its 331st meeting in Abuja. It said indices on non-oil sector growth in the second quarter of the year showed the economy could recover […]
Nigeria’s economy probably expanded in the second quarter as factory and farming output improved, helping it recover from the first annual contraction in 25 years, Statistician-General Yemi Kale said. “Intuitively, we might be getting out of recession in the second quarter, but I can’t say until all the numbers are in,” Kale, who is also […]
Former Governor of Anambra State, Dr. Peter Obi the country needs to save aggressively, diversify the economy into knowledge based exports and invest in developmental education to come out survive the present economic challenges. He stated this at the first annual conference of the Guild of Corporate Online Publishers (GOCOP), held in Lagos on Thursday. […]
Non-oil export is generating controversy as some Nigerians argue that the export of agricultural produce like yam would create scarcity in the local market and lead to price hike. Some even argue that Nigerians don’t have enough of the agricultural produce to eat not to talk of exporting. But the Minister of Agriculture and Rural […]