gross domestic product
Top 10 Wealthiest African Countries According GDP in 2021
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WTO chief warns against Nigeria’s continued reliance on oil & gas
Dr. Ngozi Okonjo-Iweala, Director General of World Trade Organisation (WTO), has warned of Nigeria’s continued reliance on crude oil and gas as the major source of revenue to the government. Okonjo-Iweala sounded the warning on Wednesday in Abuja at a meeting with Women Entrepreneurs in Nigeria held at the headquarters of the Nigerian Export Promotion Council (NEPC). She urged the government to transit from oil and gas based economy to other non-oil sectors. She pointed out that unless Nigeria diversifies her economy, it would be left behind by other countries. She said, “I have kept on harping that Nigeria should transit from oil and gas based economy to producing in other non-oil sector. “This is because of the climate change. Fossil fuels which are oil and gas, that Nigeria depends on, ...
Bishop Kaigama: It’s time to give youths chance in governance
The Archbishop of the Catholic Archdiocese of Abuja, His Grace Ignatius Kaigama, has said time has come for youths to take active part in governance. Kaigama, who insisted that “it is the right time now to give our youths a chance to express their leadership skills”, tasked authorities to expand the political space to allow more youths involved in decision making. Kaigama particularly advised Nigerian youths to seize the opportunity to bring to an end, decades of recycling political leaders by taking up leadership positions in the country. Speaking Saturday, during the 9th convocation lecture of Veritas University, Abuja,where he is the Chancellor, Kaigama said:”Recent events in our country show that there is the urgent need to expand the political space and allow our youths to be more inv...
National Assembly raises 2021 budget by N580 billion, approves N13.588 trillion
The two chambers of the National Assembly yesterday passed the 2021 Appropriation Bill, increasing the budget size from N13.08 trillion presented to them by President Muhamnadu Buhari 11 weeks ago to N13.588 trillion. The passage of the 2021 budget followed consideration and adoption of harmonised reports separately submitted to them by their Committees on Appropriation. The two chambers increased the 2021 budget by about N580 billion and pegged daily crude oil production at 1.86 million barrels per day, while oil benchmark price was fixed at $40 per barrel. They approved N379 to dollar as the official exchange rate while GDP growth rate was pegged at 3 per cent. Highlights of the report approved by the Senate showed aggregate expenditure to be N13,588,027,886,175, statutory transfer of N4...
NAPTIP chief decries high rate of out-of-school girls
The Director-General of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), Mrs Julie Okah-Donli, has decried the rate of out-of-school girls in the country. The post NAPTIP chief decries high rate of out-of-school girls 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.
Broadband penetration hits 45.43 percent in Nigeria
The Minister of Communications and Digital Economy, Dr Isa Pantami, says broadband penetration in Nigeria increased to 45.43 per cent in October. Dr Femi Adeluyi, Technical Assistant on Information Technology to the minister, said this in a statement on Wednesday in Abuja. Adeluyi said that this was due to an increase of 4,061,731 broadband subscriptions between September and October 2020. “This increase in broadband penetration has been as a result of conscientious implementation of the National Digital Economy Policy for the overall benefit of the economy to achieve a Digital Nigeria. “The Nigerian National Broadband Plan (2020-2025), along with the harmonisation of Right of Way charges across the states and protection of critical national infrastructure across the country, had a signifi...
Tech is the new ‘oil’ – NITDA chief
The Director General of National Information Technology Development Agency (NITDA), Mallam Kashifu Abdullahi, has said that Information and Communication Technology (ICT) is the new ‘oil’, because of its increasing contributions to the nation’s Gross Domestic Products (GDP). The DG who said this while delivering a remark at a virtual conference also said his agency is actively accelerating digital inclusion in Nigeria by taking advantage of the speed of existing infrastructure across the country. “Technology is the way forward in communications and other activities like meetings, prescriptions by doctors, conferences and other related activities which has aid the implementations of policies and strategies for the growth and development of our country. “It is the next oil, simply because of...
NCC contributes N2.272 trillion to Nigeria’s GDP – chief
The Executive Vice Chairman of the Nigeria Communications Commission (NCC), Umar Garba Danbatta, has said that the contribution of the Telecommunication sector to the country’s Gross Domestic Product (GDP) has risen from 8.5 per cent in 2015 to 14.3 per cent as at September this year amounting to N2.272 trillion. Danbata disclosed this when members of the House of Representatives Committee on Telecommunication led by its Chairman, Rep. Akeem Adeyemi visited the Commission on an oversight The Executive Vice Chairman of the Commission also disclosed that Investments in the sector had risen from 38 billion dollars in 2015 to over 70 billion dollars now while the Commission had also paid over N344 billion into the Consolidated Revenue Fund of the federation within the period under review, an a...
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 ...
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.
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