economy’

Jumia Urges FG To Use Technology For Productive Economy

Jumia Urges FG To Use Technology For Productive Economy

October 17, 2019 5:44 am

The Chief Executive Officer of Jumia Nigeria, Juliet Anammah has identified access to quality education as the key to managing huge population for a productive economy. She, therefore, called on the federal government to leverage technology to manage its huge population for a productive economy.

According to her, there is a need for policies that support micro industries in order to tackle unemployment. “Providing unemployed youths with internet-enabled smartphones is one of the infrastructure that could take millions out of unemployment,” she said.

Anammah made this disclosure while speaking as a panel member at the 25th Nigerian Economic Summit in …

IMF Backs CBN’s Monetary Policy To Grow Economy

IMF Backs CBN’s Monetary Policy To Grow Economy

October 16, 2019 2:16 am

•Restates need for reforms to boost low per capita income
•WEO says GDP growth to remain lacklustre in 2019

The International Monetary Fund (IMF) yesterday reiterated its support for the ongoing tight monetary policy stance that had been adopted by the Central Bank of Nigeria (CBN) in the past few years.

The Chief Economist and Director of Research Department, IMF, Gita Gopinath, said this while responding to a reporter’s question, during a media briefing on the October 2019 World Economic Outlook (WEO), at the ongoing IMF/World Bank Annual Meetings in Washington DC.

She said the development bank supported the CBN’s …

Minimum Wage: Don’t Shut Down Nigeria’s Economy - Ngige

Minimum Wage: Don’t Shut Down Nigeria’s Economy – Ngige

October 15, 2019 2:24 pm
Ahead of Wednesday’s make or mar negotiation between the federal government and organised labour over minimum wage, the Minister of Labour and Employment, Senator Chris Ngige, has asked the unions not to contemplate any action that may adversely affect the economy of the country.
He said that the threat by labour to embark on industrial action if the dispute on the full implementation of the new minimum wage is not resolved amounts to forcing government’s hands which will not work.
Speaking while receiving the leadership of the National Union of Local Government Employees (NULGE) in his office, Ngige said
…
How Economy May Suffer Under Total Border Closure

How Economy May Suffer Under Total Border Closure

October 15, 2019 2:26 am
  • ‘Millions may be jobless over ill-timed policy’
  •  Action in nation’s best interest, says government
  • There’s no hunger in Nigeria, says Minister

Stakeholders yesterday warned the Federal Government that the complete closure of the nation’s land borders portends danger to the economy.

The caution came after yesterday’s announcement by Comptroller-General, Nigeria Customs Service (NCS) Hameed Ali that all categories of goods would no longer be allowed to pass through the borders.

At a joint news conference with his Nigeria Immigration Service counterpart, Mohammed Babandede, in Abuja, Ali said: “For now, all goods, whether illicit or non-illicit, are banned from going and …

Nigeria's economy hits $8.5b in Q1, says NBS

Nigeria’s economy hits $8.5b in Q1, says NBS

July 3, 2019 12:01 am

Going by the capital importation report released for the first quarter of the year by the National Bureau of Statistics (NBS), $8.5 billion came into the economy between January and March.

The report released yesterday showed that the first quarter figure represents 216.03 per cent increase when compared with data for the fourth quarter of last year and 34.61 per cent rise when compared to the first quarter 2018 figure.

“The total value of capital importation into Nigeria stood at $8,485 million in the first quarter of 2019. This represents an increase of 216.03 per cent compared  to fourth quarter   …

Nigerian students, others contribute $42.4bn to US economy

March 30, 2019 11:28 pm

The United States Department of State Bureau of Educational and Cultural Affairs (ECA) yesterday disclosed that Nigerians and other international students contributed 42.4 billion dollars to the US in 2017/2018 session.

A senior official of the Bureau, who spoke on condition of anonymity, announced the figure during the tour of the US Community Colleges and Workforce Development programme in Washington D.C on Saturday.

The tour was organised by the Foreign Press Centre, Bureau of Public Affairs, US Department of State to provide foreign journalists with information on opportunity available to foreign students in community college in U.S.
…
Tinubu, the arrowhead that created crisis in Afenifere

Peter Obi only good at creating ‘container economy’-Tinubu

February 9, 2019 1:08 pm

The National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has attacked the former Governor of Anambra state and Vice Presidential candidate of the Peoples Democratic Party, PDP, Mr. Peter Obi, saying the PDP’s VP candidate is only vast in creating what he described as “container economy.”

Tinubu said this on Saturday at the APC’s presidential rally in Lagos. President Buhari had arrived Lagos for his campaign where both current and former governors of the state, Ambode and Fashola were equally present.

Tinubu, who assured that Buhari will win Lagos state in the coming election in the country, however, …

TRENDING

Breaking

𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

follow on social media

Facebook Twitter Youtube Telegram Linkedin

subscribe to newsletter

© 2018 - 2020 Africa digital news, New York
Powered by

People and Polity