Sub-Saharan Africa Growth To Hit 3.4% In 2021 — W/Bank       Economic growth in Sub-Saharan Africa (SSA) is expected to rise between 2.3 percent and 3.4 percent in 2021 after contracting by 2 percent last year. Stating this yesterday, the World Bank also said that prospects for...

0.5% Of GDP To Go Into Research, Innovation - Osinbajo       Vice-President Yemi Osinbajo has said the Federal Government will allocate a minimum of 0.5 per cent of the country’s Gross Domestic Product (GDP) for research and innovation. He said the Muhammadu Buhari administration had, in the...

COVID-19: IMF Rules Out Nigeria’s Full Economic Recovery Before 2022       Nigeria’s recovery from the impact of the COVID-19 is expected to be weak and gradual under current policies, the International Monetary Fund said on Monday. The IMF also stated that the country’s real Gross Domestic Product...

‘Nigeria Spends Just 3.75% Of $495bn GDP On Healthcare’         Nigeria, Africa’s biggest economy at $495 billion, spends just 3.75 per cent of Gross Domestic Product (GDP) on healthcare, compared with 4.8 per cent in Kenya, 8.11 per cent in South Africa and 13.42 per cent...

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...

Telecoms Contribution To Nigeria’s GDP Doubled In Eight Years - NCC Data         The contribution of the telecommunications sector to Nigeria’s Gross Domestic Product (GDP) doubled in the last eight years, according to data obtained from the website of the Nigerian Communications Commission (NCC). According to the...