economy

February 29, 2016

Opinion: Buhari’s futile quest for oil in the North and the promise of diversification

The Nigerian government led by President Muhammadu Buhari allocated a whopping sum of 39.4 billion naira (almost $200 million) for oil exploration in the Lake Chad basin in the proposed 2016 budget. While presenting the budget before the National Assembly last December, the president assured Nigerians that the 2016 budget is unlike any other before... Read More

diversification, economy, north, Oil

Ezekwesili

February 28, 2016

Oby Ezekwesili: Mr President, ideologies don’t deliver results for the poor

In this first of a three-part article, my aim is to get President Muhammadu Buhari to reevaluate his obvious discomfort with the workings of a market economy and change; so that he can effectively lead the CHANGE agenda that he promised Nigerians. The engine of wealth creation and poverty reduction is the private sector when... Read More

devaluation, economy, Forex, market, naira, nigeria, Obiageli Ezekwesili

February 28, 2016

Opinion: Why must Okonjo-Iweala be the scapegoat?

“The immediate past Minister of Finance, Ngozi Okonjo-Iweala, illegally approved the transfer of at least N61.4 billion ($300 million and £5.5 million) from funds recovered from late dictator, Sani Abacha, to the Office of the National Security Adviser, Sambo Dasuki, few weeks to the 2015 presidential election…” Those were the words of Nigeria’s online news... Read More

economy, nigeria, okonjo iweala ngozi, Sani Abacha

February 28, 2016

Nigeria failed to learn from 1983-85 financial crisis’ – Pat Utomi

Popular Economist and a former presidential candidate, Pat Utomi, on Friday, lamented that Nigeria was failing to learn from the 1983 – 1985 economic crisis. He decried the inability of Nigeria to handle problems and the “lose of institutional memory”. It will be recalled that General Muhammadu Buhari, now president, held sway as the Head... Read More

Buhari, economy, utomi

February 24, 2016

Mining and agriculture can save Nigeria – Buhari

President Muhammadu Buhari has placed the hope of reawakening the economy of the country on the rapid development of agriculture and solid mineral resources following the dwindling revenue from oil export. President Buhari, in a statement released by his Special Adviser on Media and Publicity, Femi Adesina on Wednesday, February 24 said his government would... Read More

agriculture, Buhari, economy

February 24, 2016

‘If we don’t fight corruption, we can’t deal with the economy’ – Osinbajo

“If you don’t fight corruption, you cannot even deal with the economy, you need to hold corrupt people accountable because they stole the money meant for the economy,” says Vice-President Yemi Osinbajo. The Vice-president stated this on Tuesday, while speaking with delegation of the Trade Union Congress at the Presidential Villa, Abuja. Osinbajo, who noted... Read More

corruption, economy, Osinbajo, TUC, vice president, VP Osinbajo

February 23, 2016

Femi Pedro: Buhari, the currency crisis and naira devaluation conundrum

Our nation is currently submerged in a currency crisis. The value of our national currency is tumbling against the dollar on a daily basis, and our foreign exchange reserves continue to dwindle as a result of the continuous fall in the price of crude oil. In recent months, there has been a rigorous debate as... Read More

economy, naira devaluation, nigeria, solution

February 22, 2016

Abang Dove: How an inland container terminal in Onitsha can help Nigeria’s economy

Due to the dwindling economy, the Federal Government of Nigeria, the National Assembly, and many well-meaning Nigerians have suddenly come to a moment of self realization. We have reached that point in our lives where we are forced to consider where we got it wrong, how we got it wrong, and what we can do... Read More

economy, inland terminal, onitsha

February 20, 2016

Adewunmi Emoruwa: The morality of buying made in Nigeria

I am quite taken aback by the linear, Naira centric thinking, patriotic blackmail attempts led by the ‘Buy Nigeria save the Naira’ crusaders and I have no love reserved for the don’t Buy Nigeria just because it’s made in Nigeria bullies. Both are parallel extremes whose common ground is in the arrogance and ignorance of... Read More

economy, local, made in Nigeria

February 20, 2016

Why we won’t devalue the naira – Buhari

President Buhari has once again reiterated his earlier resolve not to devalue the Nigerian currency. The presidency asserted this in a statement issued on Saturday by the President’s Special Adviser on Media and Publicity, Femi Adesina. Buhari was quoted to have said this while speaking at a Presidential Panel Roundtable on Investment and Growth Opportunities... Read More

Buhari, devaluation, economy, naira

February 20, 2016

Opinion: What investors should do in this period of high volatility, falling naira and no forex

The National Bureau of Statistics recently released the inflation data for January 2016, and contrary to expectations from analysts, it stayed flat at 9.6%. The 9.6% recorded is well above the maximum threshold of 9.0% set by the Central Bank of Nigeria, and it represents the country’s highest inflation figure in 36 months. The Increasing... Read More

economy, Forex, naira, nigeria

February 19, 2016

Abdulsamad Rabiu: Fixing the Nigerian economy… beyond forex or naira devaluation

The Nigerian Dream, if there ever were such a notion, is facing its greatest challenge in recent times. With a less than one year old government in place with an enormous task to ensure a fair economic and social justice system which caters to all and a more equitable distribution of wealth and resources whilst... Read More

Abdulsamad Rabiu, devaluation, economy, Forex, naira

February 19, 2016

Opinion: After 9 months of @MBuhari, can Nigeria survive till 2019?

Nigeria’s economy is fast slipping into a state of comatose; urgent measures must be taken to salvage the situation else I don’t think we can survive till 2019 at this rate under the fist and grip of President Buhari. Only those with plenty reserve of cash will not feel the pain, anguish and poverty ravaging... Read More

economy, naira, nigeria, president buhari

February 19, 2016

Naira falls further, Nigerians react (READ)

The free falling that has characterised the naira- in recent time- continued at the parallel market on Thursday, February 18, with the Nigerian currency nosediving to 391 against the dollar as the foreign exchange scarcity persists. The naira in less than two weeks has lost over 28% of its value in the black market with... Read More

Buhari, dollar, economy, naira

February 19, 2016

Soyinka to Buhari: ‘The economy is bad… convene emergency conference’

Nobel laureate, Prof. Wole Soyinka, has warned Nigerians and the presidency about the state of the country’s economy. Soyinka on Thursday, urged President Muhammadu Buhari to convene an emergency economic conference for experts to proffer solutions and alternative approaches to get Nigeria out of the present economic crisis. He made the comments during a courtesy... Read More

economy, president buhari, Wole Soyinka

February 16, 2016

Northern governors to Shehu Sani: ‘You’re ignorant of the loan issue’

The Northern Governors have labeled the reaction of the Vice Chairman, Senate committee on Foreign and Domestic Debts, Senator Shehu Sani to the plan by the governors to get loans from Islamic Development Bank in Jedda- as ‘purely based on lack of the slightest knowledge about the issue.’ Sani had declared that the efforts of the Northern... Read More

economy, money, naira, Northern Governors

February 15, 2016

Opinion: Reviving the dying economy of Nigeria, the snoring giant

On January 28th, 2016 Channels Television aired a community programme where a man in Benin, Edo State with little education and has never left the shores of Nigeria was able to build an operational unmanned aerial vehicle (UAV), commonly known as drone, without any special training using everyday tools and parts within his environment. This... Read More

CBN, economy, naira

February 12, 2016

Opinion: The fiddling, fumbling Godwin Emefiele

The number one banker in a West African nation is currently fiddling with his country’s currency whilst it’s economy burns. He is doing it exactly the same way Emperor Nero fiddled with his fingers hundreds of years ago whilst Rome was burning to ashes. Godwin Emefiele, the CBN Governor of Nigeria is the villain I’m... Read More

CBN, economy, Godwin Emefiele

February 8, 2016

Past leaders stole N900 billion in the search for oil in Northern Nigeria – Shehu Sani

Nigeria has reportedly spent over N900 billion in the search for crude oil in the North. Senator Shehu Sani, Chairman, Senate Committee on foreign and domestic debts has declared the the money spent on the search for oil in the Northern parts of the nation, was wasted. Speaking to the members of the Kaduna State... Read More

crude, economy, Oil

February 8, 2016

We will make sure Senators buy made in Nigeria products – Saraki

The Senate President, Olubukola Saraki has applauded the quality of goods manufactured in Nigeria. Saraki was a keynote speaker on Monday, at the Made in Aba Trade fair, an event that celebrates products manufactured within the shores of Nigeria, particularly in the Eastern part of the nation. The senate president expressed his surprise at the... Read More

economy, made in Nigeria, trade

February 8, 2016

Why Falana doesn’t want Nigeria to borrow from the World Bank

Human rights lawyer, Femi Falana (SAN), on Sunday, advised the Muhammadu Buhari administration to ditch the plans to borrow $3.5 billion, from the World Bank and African Development Bank, to fund the 2016 budget. Falana, who stated this in a press statement, in which he said the attached conditions to the loans were harsh and... Read More

Buhari, economy, femi falana, loan

February 8, 2016

Nigeria’s GDP will increase to $2trn by 2030 only if…

The Minister of Information, Lai Mohammed, has revealed that Nigeria’s Gross Domestic Product (GDP) will increase to $2 trillion by 2030 from its present N514 billion, only if corruption in the country is to the level of Ghana and Malaysia. He disclosed this over the weekend while addressing members of the Advertising Association of Nigeria... Read More

economy, GDP, Ghana, Lai Mohm=ammed, nigeria

February 8, 2016

Opinion: Nigeria’s challenge of diversification and industrialisation

Before the ascension of President Buhari to power, oil prices have taken hits-currently hovering around $30 per barrel- which has sent mono-economic oil revenue-dependent nations into recessions. Nigeria unfortunately, happens to be one of these nations. The Nation will be borrowing $5 billion dollars per day to fund the 2016 budget deficit. The line items... Read More

diversification, economy, industrialisation, nigeria

February 5, 2016

‘I need to be convinced on why the naira should be murdered’ – Buhari

President Buhari, on Friday, February 5, granted BBC an interview where he discussed some salient issues as well as the problems the country is facing. The President touched on the government’s war against corruption, stating that the campaign is facing several challenges, especially due to the lack of sufficient evidence. President Buhari said ‘to prosecute... Read More

BBC, Buhari, economy

February 4, 2016

Opinion: It’s déjà vu, all over again! (Nigeria’s non-oil economic growth, IMF and SAP)

Earlier this year, the Managing Director of the International Monetary Fund (IMF), Christine Lagarde, paid a 4-day working visit to Nigeria and the long-standing distrust of Bretton Woods’ institutions was again brought to the fore. Not even the quick denial of an IMF loan programme by Ms. Lagarde could calm anxious Nigerians from flooding the... Read More

Christine Lagarde, economy, IMF, nigeria, SAP

Kemi-Adeosun-YNaija

February 3, 2016

Nigeria requests for $1bn loan from AFDB

The African Development Bank has revealed that Nigeria has requested for a $1 billion loan to help fund the budget deficit. The federal government has revealed that it is considering borrowing as much as $5 billion to help fund a deficit due to the drop in global oil prices. According to Reuters, the bank disclosed that it was... Read More

borrow, economy, loan, nigeria

Kemi-Adeosun-YNaija

February 1, 2016

FG hasn’t yet applied for loans from World Bank

Owing to the present state of the economy, speculations have been rife that Nigeria intends to borrow $3.5 billion in emergency loans from the World Bank and African Development Bank (AFDB). The purported loan is expected to help the country shore up the wide deficit in the 2016 budget. US-based news platform- Financial Times reported on... Read More

2016 budget, AfDB, borrow, economy, nigeria, World Bank

January 28, 2016

Further devaluation will kill the naira – Buhari

President Muhammadu Buhari has again, made it known that he would not devalue the naira. Buhari said on Thursday, that any move to devalue the naira would definitely kill the currency. The President said he was not ready to inflict more hardship on the poor citizens of Nigeria. He stressed that while export-driven economies could... Read More

Buhari, devalue, economy, naira, nigeria

January 25, 2016

Doyin Okupe advises Buhari on how to deal with falling oil prices

Doyin Okupe, former aide of ex-President Goodluck Jonathan has weighed in on the economic recession that is threatening to hit the nation following the drastic and continuous fall of oil prices in the global market while advising the Federal Government to immediately re-adjust the content of the 2016 budget submitted to the Senate. Okupe, in... Read More

economy, Federal Government, oil price, recession

January 21, 2016

‘God has a hand in the current economic predicament of Nigeria’ – Oyegun

The National Chairman of the All Progressives Congress (APC), John Odigie-Oyegun has gone spiritual over the present economic crunch in the country. Odigie-Oyegun said on Thursday, that the economic hardship may be God’s way of reminding Nigeria on the need to implement and embrace radical change, particularly in the country’s current economic model.‎ The APC... Read More

APC, economy, God, nigeria, Oyegun

NEWER POSTS 1 … 24 25 26 … 32 OLDER POSTS

15 49.0138 8.38624 arrow 0 arrow 0 4000 1 0 horizontal https://ynaija.com 300 0 1