The National Assembly has announced its aim to achieve a 20 percent contribution from the maritime sector to the country’s Gross Domestic Product (GDP) by 2024. Abdussamad Dasuki, Chairman of the House Committee on Shipping Services, conveyed this goal during … Continue reading National assembly targets 20% maritime contribution to GDP by 2024
Development Finance Institutions, represented by the Association of African Development Finance Institutions (AADFI), are emphasizing the need for concrete strategies to integrate climate-resilient products into African business frameworks. This initiative aims to address climate finance requirements and reduce risks associated … Continue reading AADFI issues warning about Africa 15% GDP loss due to climate change. Read full story!
Bolaji Balogun, CEO of Chapel Hill Denham and an economic expert, has expressed a contrary viewpoint to Nigeria’s official Gross Domestic Product (GDP) estimates, suggesting that the country’s GDP might be valued at approximately $600 to $650 billion. While Nigeria’s … Continue reading Economic expert suggests Nigeria’s GDP could be valued at $600b
The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Prof Umar Danbatta, announced that the telecommunications sector’s contribution to the nation’s Gross Domestic Product (GDP) surged to 16 percent in the second quarter of … Continue reading NCC Boss: Telecom sector’s GDP contribution soars to 16% in Nigeria
The Minister of Solid Minerals, Dele Alake, has outlined a plan to significantly boost Nigeria’s economy by adding at least 50%. It was presented during the unveiling of the ‘Agenda for the Transformation of the Solid Minerals for International Competitiveness … Continue reading Solid minerals sector aims to boost Nigeria’s GDP by 50% – Dele Alake
Enugu State Governor, Peter Mbah, has set a target to increase the state’s Gross Domestic Product (GDP) from $4.4 billion to $30 billion in the near future. Recognizing the significance of security in achieving this goal, Mbah held a meeting … Continue reading Enugu governor Peter Mbah pledges to boost state’s GDP from $4.4b to $30b
According to recent statistics released by the National Bureau of Statistics (NBS), the telecommunications and information services sector in Nigeria made a significant contribution of N2.508 trillion to the country’s Gross Domestic Product (GDP) in the first quarter of 2023. … Continue reading Telecoms sector contributes N2.5 trillion to Nigeria’s GDP in Q1 2023, says national bureau of statistics
A recent report by McKinsey titled “Reimagining economic growth in Africa: Turning Diversity into Opportunity” reveals that Nigeria, Egypt, and South Africa were responsible for 65% of Africa’s Gross Domestic Product (GDP) slowdown. The report indicates that if these three … Continue reading Nigeria and other countries contribute to 65% slowdown in Africa’s GDP growth
Nigeria’s gross domestic product (GDP) experienced a year-on-year growth rate of 2.31% in the first quarter (Q1) of 2023, indicating a decline from the 3.11% recorded in the same period of 2022. The latest GDP report by the National Bureau … Continue reading Nigeria’s GDP growth slows to 2.31% in Q1 2023 amid cash crunch
The President of Côte d’Ivoire, Alassane Ouattara, delivered his third State of the Nation Address at the Sofitel Abidjan Hotel Ivoire on April 25, 2023, highlighting the country’s resilience in the face of economic crises and announcing a brighter economic … Continue reading Cote d’Ivoire President Ouattara projects 7.2% GDP growth in 2023
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