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Utomi Blames Economic Recession on Faulty Policies by Buhari

Professor Pat Utomi has blamed current economic recession on faulty policy and regulations of President Muhammadu Buhari’s administration. Utomi who spoke in Lagos at the weekend said Nigeria’s economic challenges goes beyond the fall in oil price at the international market. According to him, “Oil, even...

After Grim Economic Data, Buhari Appeals for Patience, Promises Real Change

...President not practising voodoo economics, says APC, blames PDP administrations ...Makarfi advocates economic team to salvage the country Following the grim economic data released on Wednesday by the National Bureau of Statistics (NBS) confirming Nigeria’s slide into recession, rising inflation, unemployment and plummeting foreign capital importation,...

FG to Set Up Technology Hubs in 8 Geo-Political Zones

•To train 400,000 youths The Federal Government, is set to establish technology hubs across the six geo-political zones in the country, including Lagos and Abuja. Vice President Yemi Osinbajo said this at the flag off ceremony of Google Digital Training for Youth Empowerment with the theme...

EFCC to Prosecute Firms Not Remitting Pensions

The National Pension Commission said it was engaging the Economic and Financial Crimes Commission to prosecute individuals and companies that had yet to remit the pensions of their employees that were deducted at source. It said the leaderships of both agencies had met to discuss...

Nigerians Groan as Africa’s Largest Economy Battles Recession

The Federal Government’s recent admission that Africa’s largest economy (going by the 2014 rebasing) is now in recession has turned out to be one rude shock many are finding difficult to accept. Only two years ago, Nigeria with a Gross Domestic Product of $578 billion...

Eliminate Subsidies, Fix Power to Grow Economy, Sanusi Urges Buhari

Against the backdrop of his comments on President Muhammadu Buhari Administration, last week, Emir of Kano and former Governor of Central Bank of Nigeria (CBN), Lamido Sanusi has again, said that until the Buhari-led administration eliminates subsidies, fixes the power sector and digitizes state...