Africa is a huge consumer market with a population of 1.4 billion and a GDP of $3.4 trillion and currently, South Korea’s trade with Africa accounts for only 1.9 percent of total trade, according to statistics gleaned on Wikipedia at the weekend.
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It was gathered that the technology driven system is aimed at providing accurate TV audience information for investors and increase investment in the Nigerian media industry, create jobs and boost sector contribution to Gross Domestic Product, GDP.
In 2023, the sector performed incredibly well, as it contributed 45 percent to the country’s Gross Domestic Product.
Ndukwe said this in Abuja on Tuesday at a two-day Premier Capital Markets Day Event organised by MTN.
Scholz said a special fund of 100 billion euros (107 dollars) for the Bundeswehr is only a first important step, during a Bundeswehr conference.
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Tuesday disclosed that his team is targeting $1 trillion of Gross Domestic Product in eight years.
The Minister of Solid Minerals, Dele Alake, has said that the ministry will add at least 50% to the Nigerian economy, just as he said that the Ministry is poised to attract Foreign Direct Investment to the country.
They made the commendation in separate interviews with the News Agency of Nigeria (NAN) 0n Friday in Abuja
The NBS made this known in the Nigerian Gross Domestic Product Report Q4 2022 released in Abuja on Friday.
Tinubu stated this on Tuesday during his townhall meeting with the Business Community and Organised Private Sector at Eko Hotel and Suites, Victoria Island, Lagos.
The Nigerian pension industry has transited from one with predominantly public sector participants running a defined benefit scheme to a mandatory defined contribution system for all government and private sector employees.
In a statement by the Commission’s Head of Media and Public Relations, Abdur-Rahman Balogun, Dabiri-Erewa said that increase in remittances by Nigerians abroad which has played a significant role in the country’s Gross Domestic Product (GDP), has a great impact on socio-economic growth of the country.
The contribution hit 17.92 per cent in the last quarter of 2020 and achieved same result in the first quarter of 2021.
Today, thanks to ecommerce and digital marketing in particular, even entrepreneurs in niche fields can build a global customer base. Whether they’re building an online fashion empire or selling handcrafted designer decor, an entrepreneur in Accra or Lagos can compete on a global scale with their counterparts in Paris or New York.
Consequently, the Buhari Media Organisation (BMO), Pro. Pat Utomi’s opinion that the present administration has done very little to diversify Nigeria’s economy is not a true reflection of the realities on ground.
This performance is according to a report released by the NBS on Nigerian Gross Domestic Product Report (Expenditure and Income Approach) for Q3, Q4 2021 in Abuja Wednesday.
Minister of Mines and Steel Development, Olamilekan Adegbite, made this known while briefing newsmen on the concession of delineated bitumen blocks Monday in Abuja.
The request was contained in a letter addressed to the Senate President, Ahmad Lawan, by Buhari dated April 5, 2022.
The former governor of Abia made the disclosure in an interview with journalists in Abuja on Tuesday.
Primary triggers are the country’s pathetic economic indices, including growing unemployment, cynical gross domestic product (GDP), inflation and the undiversified weak mono-commodity economy, lacking leadership and managerial oxygen.