DMO Projects Nigeria’s Debt-to-GDP Ratio To 37.1% Increase In 2023  The Debt Management Office (DMO) has projected that Nigeria’s total public debt could rise to 37.1% of its gross domestic product (GDP) this year, nearing the government’s self-imposed 40% limit. The government of the ex-president Mohammadu...

Africa’s GDP Growth Slowed By 65% – Report   Nigeria, Egypt, and South Africa were responsible for 65 per cent of Africa’s Gross Domestic Product slowdown, McKinsey has disclosed. The report, which was titled ‘Reimagining economic growth in Africa: Turning Diversity into Opportunity’, stated that Africa’s GDP...

Inflation: Nigerians’ Household Consumption Declines in 2022 – NBS The National Bureau of Statistics has disclosed that household final consumption grew by -12.47 per cent in the fourth quarter of 2022 compared to the 7.30 per cent growth rate of Q4 2021. This disclosure was contained...

Experts Groan As Buhari Hands Over Struggling Economy   The current regime inherited a frail economy. Despite Nigeria’s economy growing by over six per cent in 2014, economic growth slowed to about three per cent by 2015 – reported as the lowest in the democratic era....

Nigeria’s GDP Rose by 3.52% In 4th Quarter - NBS According to the National Bureau of Statistics (NBS), Nigeria’s Gross Domestic Product (GDP) grew by 3.52 percent in the fourth quarter of 2022. The NBS made this claim in the Nigerian GDP Report for Q4...

Adverse Effects on Manufacturers as GDP Growth Declines - MAN The Manufacturing Association of Nigeria(MAN) is foreseeing a situation where more operators in the manufacturing sector would close down and create more shock in the economy. The director general (DG) of MAN, Segun Ajayi-Kadir, observed that,...