Ministry Targets 45% ICT Contribution To Nigeria’s GDP       The Minister of Communications and Digital Economy, Dr Isa Pantami, says the impact of the digital economy through the e-commerce, online payments and other digital services can add 45 per cent to the country’s Gross Domestic Product. The...

Border Closure Boosts Rice Sufficiency, Manufacturing - FG       The Federal Government on Thursday said the closure of Nigeria’s land borders was good for the economy as the country was now close to attaining self sufficiency in rice production. Minister of Finance, Budget and National Planning, Zainab...

‘Agribusiness Can Contribute N402trn To GDP’         The Chief Executive Officer (CEO) of Green Eagles Agribusiness Solutions Limited, Taiwo Oluwadahushola, has said agriculture business can contribute N402 trillion to the Gross Domestic Product (GDP) of Nigeria if it is well harnessed. Speaking in Lagos at a symposium...

IMF Reverses Forecast For Nigeria’s Economy To -4.3% In 2020       The International Monetary Fund, IMF, Tuesday reversed Nigeria’s economy growth projection to -4.3 percent in 2020 from its earlier projection of -5.4 percent. The Fund also projected that Nigeria’s economy would grow by 1.7 per cent...

2021 Budget: Increasing IGR To Stave Off Debt Accumulation         Two things that stood out in President Muhammadu Buhari’s 2021 budget presentation at the National Assembly last week are the desire to steer the economy away from racking up debts to increasing its revenue generation capacity...

Mining To Contribute 5% To Nigeria’s GDP By 2025 — Fed Govt         The Minister of Mines and Steel Development, Architect Olamilekan Adegbite, has said that the ministry has a target of increasing the mining sector’s contribution to the nation’s Gross Domestic Product, GDP, by 5%...