By Seun Adeuyi The data released by the National Bureau of Statistics (NBS), on Saturday, for Q3 2020 shows a dip of 3.62% in real GDP for Nigeria. This strongly confirms that the Nigerian economy has officially fallen into a second recession in five years, since 2016, when the economy contracted by 1.62%. The decline in the GDP for Q3 2020 is not unconnected with low activities both at the domestic and international […]
By Seun Adeuyi In the third quarter of 2020, Nigeria’s Gross Domestic Product (GDP) contracted by 3.62%, officially indicating that Nigeria has fallen into recession as the oil sector dipped by 13.89% (year-on-year) in real term. This was contained in the GDP report, just released by the National Bureau of Statistics (NBS). The contraction in […]
Recall that the Nigeria Economic Sustainability Plan (NESP) was approved by the Federal Executive Council (FEC) on June 24, 2020. The initiative was revealed by Tolu Ogunlesi, Special Assistant on Digital and New Media to President Muhammadu Buhari. NESP was developed by the Economic Sustainability Committee (ESC), established by President Muhammadu Buhari on March 30, […]
It is no longer breaking news that Nigeria will need to aggressively diversify her economy or die. With Oil price below $35 and the entire market at the mercy of global demand, It will be catastrophic for Nigeria’s economy to be heavily exposed to the crude oil markets during and after the pandemic. There are […]
Globally, people are regarded wealthy due the money influence they possess. But, Maxi Gburugburu, has kicked against it saying, associating money with wealth is nonsense. This, he stated in a thread shared via his Twitter handle, @Maxigburugburu1, on Sunday. See thread below:
In Today’s #GovernancePuzzles with The Country Director for Development Alternatives, Inc. (DAI), Dr. Joe Abah, Nigerians have suggested ways the Federal Government can really identify the most vulnerable during the COVID-19 pandemic. Dr. Joe Abah stated that 65% of the economy is in the informal sector and majority are undocumented. As a result of the […]
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