Tag: GDP
IMF: Nigeria to become Africa’s third-largest economy in 2026
However, the IMF projects that Nigeria’s economy will grow strongly in 2026. Nigeria’s gross domestic product (GDP) is expected to…
Growth on paper, hardship in reality — Analysts break down Nigeria’s GDP puzzle
He concluded that until inflation drops and incomes rise, GDP growth will remain encouraging on paper but disconnected from people’s…
Nigeria’s GDP grows by 3.84% in fourth quarter of 2024
The Bureau stated that the performance of the GDP in the fourth quarter of 2024 was driven mainly by the…
Tinubu promises stronger economic future as third quarter GDP surpasses expectations
The proposed tax reforms are also part of the administration’s efforts to reduce the tax burden on small businesses and…
Tourism pumps N4.1 trillion into Lagos GDP, fuels economic growth
Lawal acknowledged Lagos’ vast potential as a global tourism hub, emphasizing the city’s rich cultural history, vibrant arts sector, and…
Lagos GDP soars: Sanwo-Olu attributes success to strategic economic initiatives
The Governor also reiterated his administration’s commitment to further enhancing the State’s economy, fostering a conducive environment for businesses to…
Tinubu pledges 0.5% of GDP to research, development
“As a government, we would intensify our efforts in drawing the National Economic Council’s attention to hasten this dream’s actualisation…
Nigeria’s GDP grows by 3.54% in 2022 second quarter
The NBS said this growth rate declined from 5.01% in the second quarter of 2021 when rapid growth was recorded…
Nigeria’s digital economy to make significant contribution to GDP
By connecting manufacturers and distributors to micro businesses through digital technology, B2B e-commerce companies are making the FMCG supply chain…
Nigeria’s GDP grows by 2.28 percent
Nigeria's Gross Domestic Product (GDP) grew by 2.28%(year-on-year), in real terms, in the third quarter of 2019, says the National…
Corrupt countries collect less tax: IMF
The costs of corruption run deep. Your taxpayer dollars are lost in different ways, siphoned off from schools, roads, and…
Nigeria’s GDP up by 2.01% in Q1 — NBS
The National Bureau of Statistics (NBS), said the nation’s Gross Domestic Product (GDP) grew by 2.01 per cent (year-on-year) in…
Anambra State GDP grows to N4 trillion in 5 years
Governor Willie Obiano of Anambra says the Gross Domestic Product (GDP) of the state increased from N3 trillion to N4.2…
Nigeria’s GDP grows by 2.38% in 2018 4th quarters
Nigeria's Gross Domestic Product, GDP, grew by 2.38 percent in the fourth quarters of 2018, the National Bureau of Statistics,…
Our Judicial sector reforms already improving Lagos GDP – Ambode
Lagos State Governor, Mr Akinwunmi Ambode on Friday evening commended judicial officers in the State for their integrity and dedication…
South Africa’s economy shrinks 2.2%
South Africa’s Gross Domestic Product (GDP) suffered worst quarterly contraction in nine years, shrinking by 2.2 per cent in first…
Former CIBN boss tasks FG on service sector to improve GDP
Prof. Segun Ajibola, the immediate past President of the Chartered Institute of Bankers of Nigeria (CIBN), on Friday urged the…
National Assembly blamed for slow down of GDP posted in Q1
An economist, Prof. Sheriffdeen Tella, on Wednesday blamed the National Assembly for the negative quarter-on-quarter growth posted by Gross Domestic…
Nigerian Govt urged to address manufacturers’ challenges to grow GDP
Some experts in the construction sector on Monday urged the Federal Government to tackle the challenges facing manufacturers to grow…
IFAD programme contributes $56m to Nigeria’s GDP in 2017
The International Fund for Agricultural Development (IFAD)-assisted Value Chain Development Programme (VCDP) contributed 56 million dollars into Nigeria’s Gross Domestic…
Nigeria’s GDP grows by 1.40 percent in 3rd quarter
The National Bureau of Statistics (NBS) says the nation’s Gross Domestic Product (GDP) grew by 1.40 per cent year-on-year in…
Nigeria’s GDP records decline in Q3 and Q4 2016
The National Bureau of Statistics (NBS) says the Gross Domestic Product in real terms declined in the third and fourth…
FG To Boost Nigeria’s GDP Via Biotechnology
The Federal Government on Tuesday announced plans to improve the country’s Gross Domestic Products (GDP) via biotechnology (the use of…
Rwanda Records 5.9% GDP Growth
Rwanda’s economy grew by 5.9 per in 2016, less than the 6.9 per cent growth recorded in 2015, the National…
Nigeria can raise GDP through forests conservation – Expert
Dr David Ladipo, the Principal Consultant, Centre for Environment, Renewable Natural Resources Management Research and Development (CENRAD), has prescribed the…
World Inventors Day: Contribution of science to GDP is low – Agency
The National Space and Research Development Agency (NASRDA) said on Tuesday that while science drives development, its contribution so far…
Voodoo Economics
By Oyebanji Gbenga Economy is still the best indicator to measure the success of any government. GDP, jobs, wages and…
On Lagos’ Fitch Ratings
By Tayo Ogunbiyi Global leader in credit ratings and research, Fitch Ratings, recently upgraded Lagos State’s national long-term rating to…
Nigeria’s GDP on steady rise in spite of insurgency
Amb. Martin Uhomoibhi, outgoing Permanent Secretary in the Ministry of Foreign Affairs, said on Thursday that Nigeria’s economic growth rate…
Nigeria GDP appreciates, stands at 6.54% in 2nd quarter
The National Bureau of Statistics (NBS) said on Sunday that the growth rate of real Gross Domestic Product (GDP) stood…