Economic Confidential

Job Creation Is Catalyst To Development – Economist

An Economist, Biodun Adedipe, says one of the major ways of engendering developments in Nigeria is by creating jobs within the country and not offshore. He said that the country had recorded economic growth of about 6.7% in the last...

TCN Requires $1.5b Annually To Meet 20,000 Mega Watts Target

The Transmission Company of Nigeria (TCN) on Tuesday in Abuja said the company required 1.5 billion dollars annually to meet the 20, 000 mega watts transmission target by 2020. The Managing Director of TCN, Mr Mack Kast, disclosed this at press briefing on the...

$20b oil cash: Ezekwesili disagrees with Okonjo-Iweala

A former Vice President of the World Bank, Dr. Oby Ezekwesili, yesterday faulted the proposed plans byMinister of Finance Dr. Ngozi Okonjo-Iweala to conduct a forensic audit of the Federation Account to ascertain whether $20billion oil money is missing or not. She...

Nigeria’s Food Importation Drops From N2.3trn To N1.8trn – Adesina

The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, said on Monday that Nigeria’s food importation had reduced from N2.3 trillion to N1.8 trillion annually, saving the country N906 billion. Adesina said this in Makurdi when he paid a...

Missing $20bn Oil Money: FG to hire forensic auditors —Okonjo-Iweala

By Emma Ujah,  Abuja Bureau Chief, JOHNBOSCO AGBAKWURU & JOSEPH ERUNKE *No money is missing — NNPC boss *$20bn not accounted for, Sanusi insists *Subsidy: We need legal interpretation — Alison-Madueke ABUJA—The Federal Government is to hire independent forensic auditors to examine the...

Again,UN Worries About Growth Without Impact

The United Nations once again has expressed worry about continued economic growth in Nigeria and other African countries without its reflection on the standard and way of life of ordinary citizens as the escalating levels of poverty has become...
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