Economic Recession
Nigeria’s manufacturing sector growth in the last three years.
By Deborah Osagiede Nigeria’s manufacturing sector growing?? Well Nigeria’s manufacturing sector growth has slowed down to the lowest in the last three years on the account of a cash shortage that crippled the economy during the period. According to the new Gross Domestic Product (GDP) report by the National Bureau of Statistics (NBS), the sector …
COVID-19: Nigeria on the brink of ‘severe recession’ — World Bank
The World Bank says collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s. The World Bank made this known in a statement in Abuja on Thursday as part of its latest Nigeria Development Update (NDU). The bank said …
How Lagos came out of recession – Ambode
Lagos State Governor, Mr. Akinwunmi Ambode on Wednesday said that his administration took decisive steps, deployed workable strategies and judiciously utilised resources to cushion the effects of the economic recession witnessed across the nation in 2016. Ambode, who spoke at Lagos House in Ikeja when he received the management team of Unilever Nigeria plc led …
Entertainment can help Nigeria out of recession — Lagos Lawmaker
EKOCITY MAGAZINE with Agency report — A member of the Lagos State House of Assembly, Mr. Desmond Elliot, has urged the Federal Government to take urgent steps to develop the entertainment sector to grow the country`s economy. The lawmaker, also a Nollywood actor, told the News Agency of Nigeria (NAN) in Lagos on Monday that …
Lagos lawmaker advises Buhari to inject new blood to his cabinet
The Deputy Chairman, House of Representatives Committee on Capital Market and Institutions, Mr. Nwulu Tony-Chinedu, has called on President Muhammadu Buhari to rejig his cabinet. According to the lawmaker, who represents Oshodi-Isolo II Federal Constituency of Lagos State, Buhari must inject new blood into the system because the country was facing critical times and needed …
Nigeria needs Lagos to recover from recession — Finance expert, Utomi
Renowned economist and financial expert, Professor Pat Utomi at the weekend, said that Lagos State is a crucial catalyst if Nigeria’s economy is to witness a turnaround for the better. Utomi, who spoke at the Executive/Legislative retreat for members of the State Executive Council and lawmakers from the Senate, House of Representatives as well as …
Recession: Ambode advises that leaders must rise above personal interests
Lagos State Governor, Mr. Akinwunmi Ambode on Friday said that Nigeria’s present economic situation urgently requires its elected leaders to rise above their personal differences and interests with a common unity of purpose and deliver good governance to the people who they represent. Governor Ambode, who spoke at the opening ceremony of the maiden edition …
