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NESG: Nigerian economy to beat IMF growth forecast in 2021

The Nigerian Economic Summit Group has predicted a growth rate of 2.9 per cent for the Nigerian economy in 2021, higher than the 1.5 per cent growth rate suggested by the International Monetary Fund. The NESG identified eight key policies and events that will help shape the outlook of Nigerian economy in 2021. This is contained in the group’s 2021 Macroeconomic Outlook Report titled, “Four Priorities for the Nigerian Economy in 2021 and Beyond,” launched virtually on Tuesday. According to the report, for Nigeria’s economy to get back on track, the economy needs a high, robust and sustained economic growth that will deliver a significant reduction in unemployment and poverty. The report said the government’s most important agenda in 2021 must be to address these problems as a foundation for...

Rivers reopens schools October 5

The Rivers State Government has approved the reopening of universities, other tertiary institutions, as well as secondary and vocational schools in the state, with effect from Monday, October 5, 2020. The decision was reached at the end of an emergency State Executive Council meeting on Friday and presided over by Governor Nyesom Wike in Government House, Port Harcourt. Commissioner for Education, Prof. Kaniye Ebeku, disclosed this while briefing journalists at the end of the meeting. He said the council’s approval did not include primary schools. “The council approved that schools in the State reopen on the 5th of October, 2020, with only the following – all secondary schools in the state, vocational schools in the state, universities and other tertiary institutions. “For the avoidance of...