Africa’s Climate Change Impact Rises To $50bn Annually
The African Development Bank (AfDB) has said the impact of climate change on the continent could rise to $50 billion each year by 2040, with a further three per cent decline each year in gross domestic product...
What Nigeria Must Do To Attain $1.5trn GDP B2030 — Rewane
The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has said Nigeria will require to grow its economy by at least seven to eight per cent annually, over a five-to-ten-year period, based on...
Fed Govt Plans More Borrowing From Domestic Sources
The Federal Executive Council at its meeting on Wednesday approved a new Medium-Term Debt Management Strategy for Nigeria, for the period of 2020 to 2023.
The strategy allows the government to borrow more from domestic sources.
The Debt Management...
How COVID-19, Taxes Stifled MSMEs In 2020
The year 2020 has got its ups and downs for many businesses in Nigeria especially as they felt the brunt of the COVID-19 pandemic and its attendant lockdown as well as multiple taxes from the various authorities of...
26 States Set For N878bn Deficit In 2021
Amidst a nationwide push against the recessionary economy, about 26 states of the nation are planning to spend about N878 billion in excess of what their revenue expectations can carry. This indicates that they also plan to...
IMF Rates Nigeria’s GDP As Best In Africa
Using the Gross Domestic Product (GDP) as yardstick, the International Monetary Fund (IMF) has rated Nigeria as the best economy in Africa.
In its 2020 World Economic Outlook, the IMF also ranked Nigeria as one of the world’s...
