Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has described Micro, Small, and Medium Enterprises (MSMEs) as the backbone of the Nigerian economy. Oduwole stated this on Wednesday in Makurdi at the opening of a 2-day Benue Inventors and Entrepreneurs Exhibition 2025. The minister stated that MSMEs contribute...
Nigeria Economy
Energy expert, Dr Ayodele Oni, says the removal of fuel subsidies in Nigeria has had a significant impact on the country’s economy. Oni, a partner at Bloomfield Law Firm, made the assertion in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. According to him,...
The Executive Secretary, Tertiary Education Trust Fund (TETFund), Mr Sonny Echono, says the recently-held TETFund National Research Fair/Exhibition aligns with its aspiration to use technology to spur national economic growth. Echono, said this during an an interview with the News Agency of Nigeria (NAN) in Abuja on Monday. He...
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the country’s economy is on the rise with great investment opportunities. Edun said this while receiving a high-level delegation from First Abu Dhabi Bank, led by the Group Head of Investment Banking, Martin Tricaud, in...
A financial expert, Dr Chijioke Ekechukwu, has said the continued depreciation of the Naira has become worrisome and embarrassing. Ekechukwu, an economist and a past president of the Abuja Chamber of Commerce and Industry (ACCI), said this in an interview with the News Agency of Nigeria (NAN) on...
Central Bank of Nigeria (CBN) has said the rising inflation and exchange rates will decline in 2024. The News Agency of Nigeria (NAN) reports that the apex bank also projected less revenue from oil exports in the coming year. CBN Governor, Mr Olayemi Cardoso, stated these on Thursday...
By DAVID IORJA, Abuja – President Bola Ahmed Tinubu on Friday in Abuja reassured Nigerians that no stone will be left unturned in his administration’s multifarious efforts to stimulate the economy and make it work for the greatest good of all Nigerians. The President stated this in a...
Some experts have said that Nigerian economy will witness positive turnaround with support from government and investors for Micro-Small and Medium Enterprises (MSMEs). They stated this at a news conference held at Nigeria Union of Journalists (NUJ) Press Centre in Ibadan on Wednesday. The News Agency of Nigeria (NAN)...
The National Information Technology Development Agency (NITDA) says that digitalisation of Micro, Small and Medium Enterprises (MSMEs) could increase Nigeria’s Gross Domestic Product (GDP) by 50 billion US dollars. The Director-General, NITDA, Mr Kashifu Inuwa Abdullahi, said this during his visit to the GIZ/Digital Transformation Centre, Nigeria office as a special guest at its Techmybiz pitch-a-thon event...
Dr Kayode Ajulo, a legal practitioner has expressed optimism in the ability of President Bola Tinubu as ECOWAS President to promote economic growth of the region, trans border security and entrenchment of rule of law among member states. This is contained in a statement on Tuesday in Abuja following...
The African Development Bank (AfDB) President, Dr Akinwumi Adesina, has pledged the Bank’s support toward revamping Nigeria’s economy.adesi Adesina, made the pledge during a meeting with Nigeria’s President, Bola Tinubu at the New Global Finance Pact Summit in Paris. The AfDB president, via his verified Twitter handle, @akin_adesina said:...
As Nigeria mulls ways of diversifying its economy, Dr Bashir Jamoh, Director-general, Nigeria Maritime and Safety Agency (NIMASA) says the agency is working towards making blue economy Nigeria’s main source of revenue. Jamoh made this known while speaking with journalists on the sideline of the three-day Nigeria-Netherlands Economic Consultation...
Rev. Stephen Baba-Panya, President, Evangelical Church Winning All (ECWA), has appealed to President Bola Tinubu to tackle corruption and insecurity while paying special attention to the economy. He made the appeal on Saturday in Jos during the installation of ECWA’s General Secretary, board of trustees and the send-off of...
By DAVID IORJA, Abuja – Chinese President XI Jinping has pledged increased economic cooperation with Nigeria, saying the country is important to Africa and the world. The Chinese president spoke through his Special Envoy, Peng Qinghua, Vice Chairperson, Standing Committee of National People’s Congress, People’s Republic of China, who...
The Federal Government’s effort to boost the Nigerian economy by maximising opportunities in the oil and gas sector through local content has materialised as the Industrial Park in Odukpani, Cross River State, is ready for business. This is being made possible with a pledge of $50m by the Federal...
The Chairman of Ala Resort, Chief Wole Olanipekun, on Tuesday, said that the development of aerotropolis in Akure would reshape the economic landscape and fortunes of the South-West region and Nigeria in general. Olanipekun stated this at the signing of the Memorandum of Understanding (MoU) between the Federal Airport...
The Central Bank of Nigeria (CBN), says the Nigerian economy has maintained a positive growth trajectory for nine consecutive quarters, since exiting recession in 2020. The CBN Governor, Mr Godwin Emefiele, said this on Tuesday in Abuja, when he read the comminique issued at the end of the 290th...
Alhaji Ibrahim Ajia, the Peoples Democratic Party (PDP) candidate for Asa/Ilorin-West Federal constituency of Kwara, says the party will rescue the nation from economic woes. Ajia made the assertion on Friday in Ilorin on the sidelines of distribution of items worth millions of Naira for empowerment of youths from...