By Sodiq Adelakun Nigeria’s economic landscape has shown a mix of resilience and challenges as the Gross Domestic Product (GDP) figures for 2023 have been released. The nation’s economy expanded by 2.74 percent over the year, marking a slight slowdown…
The Federal Government says research revealed that public procurement accounted for an average of 25-3 percent of Gross Domestic Product (GDP ) in developing and emerging market economies. The Permanent Secretary, Ministry of Agriculture and Food Security, Dr Ernest Umakhihe stated this…
…Rakes in N1.75trn from corporate taxes in Q3, 2023 …As IMF recommends adoption of digital technologies to improve tax collection, compliance The Federal Government has revealed its plans to increase tax-to-GDP ratio from nine percent to 18 percent in three…
Participants and panelists at the Africa Investment Conference held at the Eko Hotel and Suites on Victoria Island, Lagos organized by CFA Society Nigeria and its partners from Ghana, East Africa, Mauritius and South Africa, among other African countries have…
With smallholder farmers producing an estimated 90% of the country’s food and contributing 21% to the Gross Domestic Product (GDP) of $477 billion, rejuvenating the agricultural sector by digitising all its processes for smallholder farmers through initiatives developed by the…
By Sodiq Adelakun In a recent release by the National Bureau of Statistics (NBS), Nigeria’s manufacturing sector has shown a complex pattern of growth in the third quarter of 2023. Despite a marginal decline in its contribution to the country’s…
…Eyes 15% year-on-year investment in telecom sector, 100% growth in revenue The Federal Government has revealed that it is targeting 22 percent contribution from the telecom sector to Nigeria’s Gross Domestic Product (GDP). Earlier, the sector in Nigeria in the…
Despite challenges faced by Telecom operators amidst the current business climate in Nigeria, the telecommunications sector has continued to experience an upward shift contributing 16 per cent in the second quarter of 2023 to the nation’s Gross Domestic Product (GDP).…
…To review Mining Act, establish Mines Police …Issues 30-day ultimatum to illegal miners In a bid to revitalise Nigeria’s economy, the Federal Government is targeting 50 per cent contribution to the Gross domestic Product (GDP) from solid minerals. Minister of…
Major stakeholders in the Oil and Gas sector have decried the decline in the contribution of oil revenue to the nation’s Gross Domestic Product, GDP. News learnt that the oil sector has steadily dropped behind Agriculture, Trade, Telecommunications/ICT, and Real…
