Nigeria Plans Zero Rating for Educational Websites, as Digital Economy Contributes more to GDP   With the impact of COVID-19 on education sector, the Federal Government has said that it is considering pursuing a new National Policy on zero rating on educational...

Africa’s GDP Could Lose $173.1bn By Year-end, Projects AfDB       The African Development Bank (AfDB), has projected that Africa’s Gross Domestic Product (GDP) could lose about $173.1 billion by year-end, and $236.7 billion in 2021, due to the impact of the on-going COVID-19 pandemic on the...

We’ve Identified Plans To Generate N18trn Revenue, Says FG     The Federal Government on Thursday said it had identified oil and non-oil initiatives that could help the country generate between N13tn to N18tn and achieve its 15 per cent revenue to Gross Domestic Product target. It also...

COVID-19’ll Cost Nigeria, Others $236.7bn GDP – AfDB     The outbreak of coronavirus in Africa could cost Nigeria, Togo and other countries on the continent $236.7bn in their cumulative Gross Domestic Product, the African Development Bank said on Tuesday. It said this in its report on African...

IMF Further Reduces Nigeria’s Growth Rate By 5.4%     The International Monetary Fund has downgraded Nigeria’s 2020 growth projection, saying the economy will shrink by 5.4 per cent. The IMF had in April 2020 projected that the country’s economy would contract by 3.4 per cent this year. The...

COVID-19: AfDB Forecast $88.3bn Drop In Africa’s GDP     The African Development Bank (AfDB) has projected that the ongoing Coronavirus (COVID-19) pandemic ravaging economies globally could cause Africa’s Gross Domestic Product (GDP) to drop by between $22.1billion and $88.3billion. According to the Bank, before the advent of...