GDP
Pandemic impact on Tunisia tourism ‘catastrophic’
Tunisia’s tourism sector has collapsed, officials warned on Saturday, with earnings plunging 60% and swathes of hotels at risk of closing permanently. LIVE | All the latest coronavirus and lockdown updates The sector, a major employer that accounts for 14% of the North African nation’s GDP, has been hit hard by restrictions imposed to stem the spread of the novel coronavirus. “There has been a drop in tourism activities of 60%, and we could reach 70% by the end of 2020,” Tourism Minister Habib Ammar told reporters. Tunisia’s income from tourism this year has totalled just 1.56 billion dinars ($563 million), officials statistics showed. Total bed nights – the number of nights visitors stayed in hotels – dropped by 79.5%. “The current tourism situation is very bad – if not catastrophic,” sai...
Nigeria’s position in global terrorism ranking disappointing, embarrassing – APC group
APC Consolidation Group, a group in the ruling All Progressives Congress, APC-CG, has described Nigeria’s latest ranking as third in the Global Terrorism Index, GTI, as not only disappointing but also embarrassing. According to the group, the rating has confirmed its position that the nation’s service chiefs are not on top of the security situation in the country. It reiterated its call that President Muhammadu Buhari should relieve the security chiefs of their positions, saying anything contrary to that would portray the President as being insensitive to the security of lives and property of citizens which he swore to protect. Reacting to the global raking which placed Nigeria third in the world, National Coordinator of the group, Dr Usman Mohammed, insisted in a statement yesterday that ...
NCC remits N362.34 billion into Nigerian government’s consolidate revenue fund in five years – official
Fix Africa News Magazine The Nigerian Communications Commission (NCC), remitted N362.34 billion into the Federal Government Consolidate Revenue Fund (CRF), from 2015 to date, Prof. Umar Danbatta, Executive Vice Chairman of NCC, has said. Danbatta, who spoke at an interactive session on Friday in Abuja, said that the revenue was realised through spectrum fees and operating surplus, which he noted helped to boost the revenue generation drive of the present administration. Danbatta also said that NCC had continued to collaborate with academics to support the development of the innovative services and life-changing solutions with the use of information and communications technologies to promote indigenous content. “ The Commission has so far released N336.4 million as research grants to the ac...
NBS: ICT sector contributes 17.83% to nation’s economy
The National Bureau of Statistics (NBS), on Monday released Nigeria’s Gross Domestic Product (GDP), report for in the second quarter of 2020 (Q2 2020), showing 17.83 per cent contribution by the Information, Communication and Technology sector. A statement signed by Dr Femi Adeluyi, Technical Assistant, Information Technology, said the Minister of Communications and Digital Economy, Dr Isa Pantami, expressed delight to hear of the growth of Information Communications Technology’s (ICT) contribution to Nigeria’s GDP. According to the NBS, Nigeria’s GDP decreased by minus six to10 per cent, year-on-year, in real terms in the second quarter of 2020. The decrease was largely attributable to significantly lower levels of both domestic and international economic activity during the quarter, whic...
NIPC: Shoprite move an opportunity for Nigerian investors
The announcement by Shoprite Holdings Limited, the South African supermarket chain operator, of a formal process to consider the potential sale of all or a majority stake in its Retail Supermarkets Nigeria Limited may be an opporunity for Nigerian investors, the Nigerian Investment Promotion Commission (NIPC) has said. The post NIPC: Shoprite move an opportunity for Nigerian investors appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Minister: New national forest policy will preserve ecosystems
Dr Mohammed Abubakar, the Minister of Environment. said the new National Forest Policy (NFP), recently approved by Federal Executive Council (FEC), would assist the country in managing and sustaining its vast forest resources. The post Minister: New national forest policy will preserve ecosystems appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Stakeholders advocate efficient fiscal policy for oil, gas sector
Stakeholders in the oil and gas sector have called for proactive fiscal policy in the petroleum industry to fast track investment and infrastructure development in the country. The stakeholders disclosed this at the Virtual workshop on Leveraging Fiscal Regulations to Attract Investments in the Petroleum sector, on Thursday. Mr Osten Olorunsola, Chairman, Energy Institute Nigeria, said that the oil and gas sector in Nigeria needed a lot of investment to meet with the current global challenges. He stated that globally, the industry had witnessed decline in product demand and low price regime, adding that only low cost molecules would be able to make it in the market. Olorunsola said that the sector in Nigeria needed to transform to meet with current trend as the sector was not buoyant as pe...
Minister lauds Kaduna, Imo, Katsina, Plateau governors for complying with right of way resolution
The Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim (Pantami), has commended Governors El-Rufai, Uzodimma, Masari and Lalong for implementing Right of Way Resolution. The Minister in a statement signed by his Technical Assistant (Information Technology), Dr Femi Adeluyi, on Friday expressed delight with the strides that have been made by the Governors which he said aligned with the resolution of the State Governors under the auspices of the Governors’ Forum. Recall that the Governors’ Forum had on the 22nd of January 2020 agreed to address the lingering issue of Right of Way (RoW) charges in a bid to deepen broadband penetration in the country and promote a Digital Economy for a Digital Nigeria. At that meeting, the Executive Governors had resolved to adopt the 2013 reso...
Presidency: Nothing wrong with taking more loans
There is nothing wrong in taking more loans to finance specific projects, the Presidency said on Sunday. It urged those criticising efforts in borrowing to develop the country, to desist. Presidential spokesman Femi Adesina said Nigeria has more capacity to accommodate loans. He spoke while featuring on Southwest Political Circuit, a popular political interview programme on Ibadan-based radio station, Fresh F.M. Adesina called from his Aso Rock office to take questions on aspects of COVID-19 management and economic issues. He said that there was no need for Nigerians to raise concern about the country’s rising debt profile because the President Muhammadu Buhari administration is applying loans to the specific projects they are meant for. Although he pointed out that the huge debt, which th...
Donald Trump threatens to cut China ties over coronavirus spread
US President Donald Trump threatened to cut ties with China over its role in the spread of the coronavirus, as the global death toll from the disease topped 300,000. Despite fears of a second wave of infections, national and local governments around the world are easing lockdown orders as they try to get stalled economies moving again. But there were warnings Friday that some of the world’s poorest people remain the most vulnerable, with predictions that a quarter of a billion Africans could be infected without urgent action. The nexus of poverty and risk was highlighted by the discovery of cases in the world’s biggest refugee camp, where upwards of a million Rohingya live in squalor. “We are looking at the very real prospect that thousands of people may die from COVID-19” in these camps, ...
