Nigerian Economy Enters Second Recession In Five Years       The Nigerian economy has slipped into its second recession in five years as the gross domestic product contracted for the second consecutive quarter. The National Bureau of Statistics announced Saturday the nation’s GDP recorded a negative growth of...

NCC Contributes N2.27trn To Nigeria’s GDP - Danbatta         The Nigeria Communications Commission (NCC) has said that the contribution of the telecommunication sector to the country’s Gross Domestic Product (GDP) has risen from 8.5 percent in 2015 to 14.3 percent as at September 2020, amounting to...

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...

‘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...

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%...

COVID-19 Will Dip Africa’s GDP By $37bn - IATA       The International Air Transport Association (IATA) has warned that the damage being done to the African aviation industry and the continent’s economies because of COVID-19 will trigger a dip in the continent’s Gross Domestic Product (GDP)...