ALL Progressives Congress (APC) presidential candidate Pastor Tunde Bakare has promised to attract $2trn in foreign direct investment (FDI) annually into the Nigerian economy if elected as president next year.
Pastor Bakare, 67, who is the general overseer of the Latter Rain Assembly church, was President Muhammadu...
AFRICAN Development Bank (AfDB) officials have announced an ambitious Nigerian trade industrialisation plan centred around the creation of special agro-industrial processing zones (SAPZ) that will create an unprecedented 400,000 jobs across the country.
Lamin Barrow, AfDB'a Nigeria country director-general, noted that ...
NIGERIA recorded a 3.4% increase in gross domestic product (GDP) during the course of 2021 in the first major sign that the economy is coming out of the recession according to recent statistics published by the National Bureau of Statistics (NBS).
Like many countries worldwide, Nigeria has suffered from the economic fallout...
Ayo Akinfe
As part of its preparations for the 2022 World Cup, Qatar has built the world's first mobile stadium that can can be dismantled and transported anywhere
I sincerely hope that the giant of Africa Nigeria is on the ground watching developments, as we will be needing this technology desperately in the future. It may be...
NIGERIA is to be offered a loan of $210m by the African Development Bank (AfDB) to help fund the creation of special agro-industrial processing zones across the country as part of an economic diversification plan.
Very vulnerable to the vagaries of the global crude oil market, Nigeria is a mono-economy, with about 90% of...
By Ayo Akinfe
According to the African Development Bank, Nigeria has an annual infrastructural deficit of $100bn, yet our 2021 budget is a meagre $33bn. Basically, what this means is that the government needs to quadruple its budget to address our infrastructure crisis
Given that about 70% of our budget goes on recurrent...
GOVERNMENT ministers have said they are not panicking about the fact that Nigeria's debt-to-gross domestic product (GDP) ratio has ballooned to 33% as a result of increased borrowing brought about by the coronavirus pandemic.
Due to the global pandemic, Nigeria has had to resort to heavy borrowing, with as much as a third of...
NIGERIA'S senate has approved President Muhammadu Buhari's request for an additional $16bn loan and an extra €1bn worth of borrowing to help the government fund its budgets under the 2018-2020 External Borrowing Plan.
Due to the debilitating effect of the coronavirus pandemic, Nigeria is totally unable to fund its annual...
NIGERIA'S federal government is planning to buy 10,000 tractors from Brazil as part of a comprehensive programme to boost agriculture across the country that involves the establishment of cattle grazing reserves and mega plantations.
Under the plan, the government is proposing to establish model grazing reserves in selected...
INTERNATIONAL Monetary Fund (IMF) forecasters have slightly increased Nigeria’s growth prospects to 2.6% and 2.7% for 2021 and 2022 respectively amid signs that the economy has now overcome the worst of the coronavirus pandemic.
Following the impact of the Covid-19 crisis, Nigeria suffered from negative economic growth,...
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