The Lagos-Calabar Coastal Highway will fast-track development and deepen Nigeria’s Gross Domestic Product (GDP) within a short time, a businessman, Chief Tolani Oladipo has said. Against the backdrop of the project’s criticism by former President Olusegun Obasanjo in his latest book, Oladipo gave a note of caution. In a statement, he advised against comments that are damaging to the project …

Nigeria must transform its public debts into strategic assets for economic growth and poverty reduction, rather than viewing it as a financial burden, Vice President Kashim Shettima said yesterday. Shettima spoke while inaugurating the Supervisory Board of the Debt Management Office (DMO) at the State House, Abuja. The board is part of the Federal Government’s efforts to strengthen fiscal and …

President Bola Tinubu has assured Nigerians of better economic output as the economy continues to expand following the newly released third quarter Gross Domestic Product report by the National Bureau of Statistics. According to the NBS, Nigeria’s GDP grew by 3.46%, compared to the 3.19% growth recorded in the second quarter. The growth in GDP shows that President Tinubu’s quest …

Vice-President Kashim Shettima has projected that Nigeria’s economy will grow in “leaps and bounds” by 2025. At a retreat organised for presidential aides and heads of units in his Abuja office on Saturday, Shettima referenced the crude oil production of 1.8 million barrels per day recorded recently as part of the country’s economic improvements so far. According to the Vice President, …

Seek God’s intervention to solve Nigeria’s problems, Osun urges The Oluwo of Iwo, in Osun State, Oba Abdulrosheed Akanbi has called on Nigerians to seek divine guidance from God on what should be done to fast-track the country’s development. Oba Akanbi, who spoke in Iwo on Saturday at the annual Eledumare Festival, which he hosted, also advised Nigerians to stop …

Vice President Kashim Shettima; Bayelsa State Governor, Senator Douye Diri; Minister of Budget and Economic Planning, Senator Atiku Abubakar Bagudu; and Minister of Information and National Orientation, Alhaji Mohammed Idris are among distinguished figures who will lead conversation on the economy and security, as the 20th edition of All Nigeria Editors Conference (ANEC) starts in Yenagoa, the Bayelsa State capital, …

President Bola Ahmed Tinubu said Nigeria’s slow economic growth rate prompted his administration to embark on various reforms aimed at achieving sustainable and inclusive growth. Speaking at the 54th Annual Accountants’ Conference with the theme: ‘Governance reimagined: Mapping the future’, President Tinubu emphasised Nigeria was not growing fast enough and decades of underinvestment have hindered the economy’s potential. Represented by …

The Bank of Industry (BoI) has emphasised that Nigeria must enhance its production capacity to achieve a one trillion-dollar economy by 2026. The Divisional Head of Services, BoI, Isa Omagu, stated this on Saturday at the 2024 annual conference of the Finance Correspondents Association of Nigeria in Lagos with the theme, “Nigeria’s Journey Towards a $1 trillion Economy: Impact of …

The current reform of President Bola Tinubu’s administration is reshaping the nation’s economy, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has said. He spoke at the Nigerian Economic Summit Group (NESG) National Economic Dialogue, in Abuja, yesterday. He challenged members of the Organised Private Sector (OPS) to join the government in its efforts towards …

The Minister of Finance and Co-ordinating Minister of the Economy, Wale Edun, says 41 African countries are set for stronger economic growth in 2024. Edun, who doubles as the Chairperson of the African Caucus, said this on Friday at the 2024 African Caucus Meeting in Abuja. The News Agency of Nigeria (NAN) reports that the African Caucus was established in …