The National Bureau of Statistics (NBS) had, in its Gross Domestic Product (GDP) report for Q3’ 2020, said that the country recorded GDP growth of -3.62 per cent in the quarter.
Browsing: Economic recession
The World Bank on Saturday announced that Nigeria has plunged into its worst recession since 1987.
The European Central Bank could take its first steps on Thursday towards beefing up its monetary stimulus action plan, as a recession unleashed by the coronavirus crisis engulfs the eurozone.
The ministers spoke at the opening of the International Press Institute World Congress 2018 in Abuja, tagged: “Conversation with the Government of Nigeria.”
The summit is scheduled to hold at the Event Centre, the Nigerian Stock Exchange, Lagos on August 23, 2017 by 9.30am.
2. Let me start by acknowledging the widespread internal security challenges that have permeated almost all the geo-political zones of the Nigerian nation. Need I recall the fact that we had barely overcome issues of militancy in the Niger Delta and threat to our critical national infrastructure before the Boko Haram terrorism and insurgency reared its ugly head in 2009. As if these were not enough drain on our national and economic resources, the agitation for secession by the MASSOB/IPOB in the South East also became a challenge to the Nation’s security. Other security challenges that the country has to contend with in recent times included kidnapping, armed robbery as well as cyber related crimes, which directly affected investment and economic development in Nigeria.
Yet, I cannot proceed with my short commentary without due and specific commendation of the Guild of Corporate Online Publishers (GOCOP) who had considered me worthy of being accorded a space, as Guest Speaker, on the occasion of its first Annual Conference which also coincide with the occasion for the election of new executives’ to speak on critical national issues, especially as they relate to online publishing and the social media.
Edet Etuk, Assistant Chief Information Officer in the ministry, in a statement in Abuja on Friday, said Onu inaugurated the committee when he addressed stakeholders in Raw Materials and Products Development recently.
Obi made the remarks in a paper titled: “Sustaining Growth through Diversification of the Economy,’’ at the 1st Annual Conference of the Guild of Corporate Online Publishers.
When Muhammadu Buhari took over as President in 2015, he inherited an economy that would have made a faint hearted abandon a duty post. At that time, Nigeria was plagued with myriad of challenges which included disruptions in the oil sector as occasioned by fall in global price of oil and disrupted supply. The developments caused an acute drop in supply of foreign exchange which plunged the nation’s economy into a recession.
A statement by the Chairperson of the 2017 LMDF Planning committee, Jade Mohammed, said the lecture would hold at Ogunbanjo Hall, Obafemi Awolowo University, Ile-Ife, Osun State from 10am.
Jonathan made the call in Abuja, while playing host to a delegation of former Peoples Democratic Party Ministers Forum.
The event, a National Roundtable on Inflation, will discuss discuss monetary, fiscal and structural aspects of inflation.
In an interview with the Economic Confidential in Abuja, Dr. Kale said noted: “If all prices do not collapse, including Niger Delta crisis
My advice to voters is that they must go for people of ideas and ideals. They must not choose because someone has thrown money at them on the street and buys beer for them
The theme of his keynote address was: “The Challenges and Opportunities of Managing a Recessionary Economy: The American Experience
Dangote said challenges of the recession rather presented opportunities to explore areas of development and bring back the lost glory of Nigeria’s economy
Fashola, accompanied by the Minister of State in the ministry, Mustapha Shehuri, and its top officials, spoke at a media briefing to commemorate his first year in office
I ran for office because I know that good government is the only way to ensure prosperity and abundance for all. I remain resolutely committed to this objective
Adeosun disclosed this in her closing remarks at a two-day conference of the National Council of Finance and Economic Development in Abeokuta, Ogun State