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Economy

Nigeria Exits Recession, Records Positive GDP of 0.11% in Q4 2020

Nigeria’s Gross Domestic Product (GDP) grew by 0.11 per cent (year-on-year) in real terms in the fourth quarter of 2020 (Q4 2020), representing the first positive quarterly growth in the last three quarters, according to the National Bureau of Statistics…

Kano–Maradi Rail Line to Boost Economic Activities in Nigeria – FG

… As Amaechi Assures on Project Completion Date The President of the Federal Republic of Nigeria, Muhammadu Buhari, has said that the Kano-Maradi rail line is a viable one that will not only boost economic activities but will significantly enhance…

Herdsmen Crisis: CNG Threatens to Recall Northern Communities in Southern Nigeria

In its interim response to the ongoing herdsmen – host communities crisis in South West of Nigeria, the Coalition of Northern Groups (CNG) has threatened to recall Northern communities in Southern Nigeria “back home safely before considering the next move.”…

Gombe Industrial Park: Government Begins Payment of Compensation to Affected Land Owners

Gombe State Government has begun the payment of compensation to individuals who’s lands have been affected as a result of the establishment of the Gombe industrial park. A total of 700 persons from adjoining villages in Yamaltu-Deba Local Government Area…

Gombe Govt. Earmarks N8.49b for Construction, Upgrade of 27 Modern Markets

Gombe State Government on says it has earmarked more than N8.499 billion for the construction of 10 modern markets, while 17 others have been set for upgrade across the state. Alhaji Nasiru Mohammed Aliyu, the Commissioner for Commerce, Industry and…

Imo SDGs Boss Commends FG over Impacts of Household Upliftment Programme in State

By Lekan Balogun The Special Adviser to the Imo State Governor on Sustainable Development Goals (SDGs) and Humanitarian Services, Princess Christina Ude, has commended the Federal Government of Nigeria for initiating the Household uplifting programme (HUP) which is being implemented…

Open Governance: Gombe Holds Stakeholders’ Engagement on 2021 Budget Preparation

…Says His Administration will Continue to Ensure All-inclusive Budgeting, Government As part of preparations for the 2021 budget, Gombe state Government has held a stakeholders’ meeting with traditional rulers, community leaders, trade unions, faith-based and non- governmental organisations in order…

Delta Earmarks N378bn as Budget Estimate for 2021

The Delta State Executive Council, today, approved a draft estimate of N378 billion as budget for 2021 which would be presented to the state House of Assembly next week for approval. This was part of resolutions reached at the State…

BREAKING: Gov. Ugwuanyi Signs Enugu State’s Revised 2020 Budget into Law, See How Much

Governor Ifeanyi Ugwuanyi of Enugu State has signed the revised 2020 budget of N146,374,641,080.00 into law, as against the earlier approved budget of N169,557,658,300.00. The revised 2020 budget of N146.4 billion represents 13.67 percent reduction in the initial budget size…

Obaseki Advocates Investment in New Skill Set for post-COVID-19 Economy

The Edo State Governor, Mr. Godwin Obaseki, has made the case for more investment in new skill sets that will enable the youth function optimally in a post-coronavirus (COVID-19) global economy. Obaseki made the submission in commemoration of the World…

CBN Disburses Loans to 25,000 Farmers in Northeast Under Anchor Borrowers Program

About 25,000 small holder farmers are to benefit from the Central Bank of Nigeria Anchor Borrowers program under the USAID Feed the Future Integrated Agricultural Activity which is been implemented by International Institute of Tropical Agriculture (IITA) in the Northeast….