Tag: Economy

Bayo Oluwasanmi: Interpreters Of Maladies

By Bayo Oluwasanmi Two truths are indispensable to leaders. First, they will be criticized. Second, criticism always changes the leader. Unhappy people tend to attack the point person.As a leader, how do you respond to criticisms? When the storms come – and they will – do you let fear, anger,[Read More…]

Blumberg Grain To Invest $250m In Grain Storage In Nigeria

By Adesanya Alao Blumberg Grain, a global investment firm has indicated plans to invest $250 million in grain storage in Nigeria. Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala who disclosed this in Washington DC at the on-going International Monetary Fund (IMF) and the World[Read More…]

Reno Omokri: On Nigeria’s Rebased Economy

The attempts by some individuals to deemphasize the recent rebasing of the Nigerian economy as something that should not be celebrated is most unfortunate as this is a feat that adds value to every Nigerian irrespective of religion, region or political persuasion. President Jonathan once said “I am loyal to[Read More…]

Simon Kolawole: Cementing Our Rebased GDP

Good news. Nigeria now houses the largest economy in Africa. We achieved this by simple arithmetic ─ we changed the base year of measuring our Gross Domestic Product (GDP) from 1990 to 2010. That means we have included new sectors that were previously not captured in the calculations. Trust me,[Read More…]

“Largest Economy With The Largest Poor Population” APC Lampoon Nigeria’s Rebased GDP

The All Progressives Congress (APC) has described as an orchestrated distraction and a mindless public relations gimmick the ongoing hullabaloo about the rebasing of Nigeria’s GDP which the masterminds said has seen the country emerge as the largest economy in Africa. In a statement, Thursday, by its Interim National Publicity[Read More…]

Nigerian Senate Passes N4.642 Trillion 2014 Budget

The Nigerian Senate has passed the 2014 budget of N 4.642 trillion into law with the budget proposal from the executive increased by 53 billion naira . The executive led by the Coordinating Minister for the economy and Minister of Finance, Ngozi Okonjo-Iweala had laid the 2014 budget before the[Read More…]

How Nigeria’s Economy Grew By 89% Overnight – The Economist

ON SATURDAY, April 5th, South Africa was Africa’s largest economy. The IMF put its GDP at $354 billion last year, well ahead of its closest rival for the crown, Nigeria. By Sunday afternoon that had changed. Nigeria’s statistician-general announced that his country’s GDP for 2013 had been revised from 42.4[Read More…]

Nigeria Economy Is Now Africa’s Largest, 26th Globally

Nigeria’s nominal Gross Domestic Product, GDP, now stands at $509.9 billion, making the nation’s economy the largest in Africa and the 26th in the world, according to the preliminary results of the rebasing exercise of the federal government. The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi[Read More…]

Nigeria To Become Africa’s Biggest Economy

LAGOS (AFP) – Nigeria could leap-frog South Africa to become Africa’s biggest economy this weekend, when the results of a new way of calculating national output are announced. Government statisticians will unveil the new figures on Sunday, with widespread expectations that their recalculations will catapult the continent’s most populous nation[Read More…]

Nigeria To Release New GDP Figure On Sunday, Says Maku

Nigeria will release its new Gross Domestic Product (GDP) figure on Sunday, the Minister of Information, Mr Labaran Maku, said on Wednesday. Maku made this known in Abuja while briefing State House correspondents on the outcome of the weekly FEC meeting, which was presided by Vice-President Namadi Sambo. “lso we[Read More…]