growth

Kwara Adopts e-Govt To Drive Growth, Investment

December 30, 2019 11:38 am

The Kwara state government has established an e-Government Delivery Team to drive its efforts to deploy modern technology for government operations and enhance ease of doing business in the state.

That comes a few weeks after Governor AbdulRahman AbdulRazaq said the state would turn the page on the recent 2018 poor ranking of the state in the national ease of doing business index released by the World Bank.

Speaking in Ilorin recently, durng the official introduction of the e-Government team to the newly sworn in cabinet and top echelons of the civil service, Abdulrasaq said that, “The economic challenges that …

2020: Economy Set To Ride On Non-Oil Sector For Growth

December 29, 2019 7:04 am

The prospects for economic growth in 2020 seem bright, but the growth is expected to be fragile. As it was the case in 2019, non-oil sector driven by agriculture, ICT and manufacturing among others, will deliver the expected result, writes Bamidele Famoofo

The economy is expected to expand beyond the record achieved in 2019. Economic experts have predicted a modest 2.25 percent GDP growth for the economy in 2020, noting that key driver of growth in the fiscal year would be the non-oil sector. The non-oil sector continued to keep overall GDP afloat for much of 2019, having supported overall …

Corruption Stifling Nigeria’s Growth – Stakeholders

December 17, 2019 2:35 pm

As Nigeria continues to battle corruption issues, especially in the budget process, stakeholders have advocated for increased citizen participation.

This was as they gathered in Enugu, weekend, at a forum organized by the Civil Resource Development and Documentation Centre (CIRDDOC) in partnership with WRAPA, with support from the MacArthur Foundation, bemoaning the level of corruption in the budget process.

THISDAY reports that the 2-day capacity building workshop featured information and knowledge sharing on the status of infrastructure in Health, Education, Electricity and access roads in rural communities.

It was attended by by 37 CIRDDOC Transparency and Accountability Group, (CTAG) …

Edo

Edo State On Growth Path, Says Sterling Bank Chairman

November 15, 2019 5:09 am

The success of the EdoBest Programme, revamp of primary healthcare centres statewide and creation of enabling environment and economic opportunities for citizens has placed Edo State on the path of growth with visible achievements in basic education, health and industrial sectors with the emergence of Alaghodaro Summit three years ago.

The Chairman of Sterling Bank Plc and Chairman of the Edo Investment Summit – Alaghodaro 2019, Mr. Asue Ighodalo, made this known while delivering his welcome address at the third edition of the summit with the theme: Delivering to Our People, The Next Level – in Benin,” Edo State.…

Nigerian Stock Market Opens October With ₦15 Billion Gain

NSE Commits To Support Economic Growth Of Osun State

November 10, 2019 2:46 am

The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has said the exchange was committed to  supporting The State of Osun  in its efforts towards advancing the fortunes of state for the benefit of the citizens.

Onyema stated this while speaking at the  presentation of the Osun State Facts Behind the Economy by  Governor Adegboyega Oyetola at the exchange in Lagos last Thursday.

Read Also: Hope Rises for Akpabio as A’Court Orders Rerun Election

“As we continue to develop  the exchange  to attract local and international investors, we wish to partner with the State and its …

Twitter Tumbles As ‘Bugs’ Hit Their Revenue Growth

Twitter Tumbles As ‘Bugs’ Hit Their Revenue Growth

October 24, 2019 11:05 am
Twitter shares plunged Thursday after reporting glitches that impacted its ad-targeting ability, pulling down revenue growth in the past quarter.Profit for the third quarter was $37 million, a sharp drop from last year when the online messaging platform was helped by a large tax benefit.

Revenue rose nine percent from a year earlier to $824 million, well below analyst forecasts, impacted by what the company called “revenue product issues.”

Shares in Twitter slid as much as 20 percent in pre-market trade on the disappointing results.

Twitter said revenue was hit by “bugs” which made it harder to deliver targeted

…

‘Discrimination Is Stalling Growth In The ICT Sector’

October 23, 2019 2:46 am

The Information and Communications Technology (ICT) sector has been identified as a major frontier for the economic development of the country.

According to experts, technology will play major role in Nigeria’s economic developments but has been stunted majorly because of the various challenges in the country, especially those that are making it difficult for companies to thrive.

These challenges are largely becoming discriminatory, especially, against young companies in the country.

But to bridge this challenge, experts have charged the government to implement frameworks that support local companies and ensure global competitiveness. They also called for more adoption of indigenous technology.…

IMF Foresees ‘Lacklustre’ GDP Growth For Nigeria In 2019

IMF Foresees ‘Lacklustre’ GDP Growth For Nigeria In 2019

October 15, 2019 2:52 pm

The International Monetary Fund (IMF) has projected that Nigeria’s Gross Domestic Product (GDP) growth will remain lacklustre in 2019.

The fund stated this in its World Economic Outlook (WEO) for October 2019, released on the sidelines of the ongoing IMF/World Bank Annual Meetings in Washington DC.

GDP growth in Nigeria stood at 1.94 percent as of the second quarter of 2019.

“Growth in low-income developing countries remains robust, though growth performance is more heterogeneous within this group. Robust growth is expected for non-commodity exporters, such as Vietnam and Bangladesh, while the performance of commodity exporters, such as Nigeria, is …

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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.

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