The Federal Government appears more favourably disposed to giving the Organised Private Sector (OPS) the support it needs to play a leading role in the revival of Nigerian economy currently buffeted by recession. This sentiment was amply demonstrated in Lagos recently, when the Minister of Budget and National Planning, Udoma Udo Udoma, spoke on the […]
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The Nigerian Ports Authority (NPA) has “fully automated” its operations nationwide in its bid to fulfil the Executive Order on Ease of doing Business, its Managing Director, Ms Hadiza Bala Usman, has said. Speaking at a meeting with stakeholders in Lagos, on the implemen-tation of the order, Ms Usman said NPA would continue to introduce […]
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The Bank of Industry is seeking to raise about ₦1tn from local and international sources to finance the industrial component of the Economic Recovery and Growth Plan. The Acting Managing Director, BoI, Mr. Waheed Olagunju, stated this in Abuja at the 57th Annual General Meeting of the bank. The ERGP, which was launched last month […]
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The Federal Government has been urged to explore low-cost options of funding its just-launched N75.03 trillion Economic Recovery & Growth Plan (ERGP), to avoid plunging next generation into debt. According to Professor Olu Ajakaiye, the Chairman of African Centre for Shared Development Capacity Building (ACSDCB), Ibadan, who gave the advice Tuesday in Lagos at the […]
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Chairman of the United Bank for Africa Plc, Mr. Tony Elumelu, has strongly commended the Federal Government and the Central Bank of Nigeria (CBN) for their efforts in stimulating the Nigerian economy, and bringing to bear a coordinated policy response that will positively jumpstart the Nigerian economy. According to Mr Elumelu, recent actions by the […]
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An economist, Dr Aminu Usman says he is in support of declaration by the International Monetary Fund (IMF) that the recently released Economic Recovery and Growth Plan (ERGP) will resuscitate the country’s economy. Usman, a lecturer at the Department of Economics, Kaduna State University said this in an interview with the News Agency of Nigeria […]
Read More The Minister of Budget and National Planning, Senator Udo Udoma, on Tuesday said the support of the National Assembly was vital to the successfully implementation of the Economic Recovery and Growth Plan. The ERGP, which was unveiled last week, is the government’s strategy that envisages that by 2020, Nigeria would have made significant progress towards […]
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The Federal Government is targeting an increase of N800bn in oil revenue in the next three years, according to the and Growth Plan. The projection is based on an increase in the crude oil production volume from 2.2 million barrels per day to about 2.5 million barrels per day. This is expected to be achieved as […]
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