“The numbers clearly show that the economy has fully exited recession. Council members were particularly pleased to note that this growth is very broad, with Agriculture growing at 4.23 percent up from 3.06 percent in the 3rd Quarter.”
Browsing: Economic Recovery and Growth Plan
“The implementation of an automatic fuel price setting mechanism, sound cash and debt management and improved transparency in the oil sector is imperative. There is need to also increase monitoring of the fiscal position of state and local governments and substantially scaled-up social safety nets,” he said.
The National Assembly recently criticised the MDAs for delaying the passage of the budget due to their ill-preparedness to attend scheduled meetings and provide relevant information needed by the lawmakers to carry out their job of scrutinising the proposals.
The committee is determined to complete its assignment before the end of this year. I am confident that the outcome of the assignment would address the issue of social imbalance, inequality and the wide gap of poverty in the country.”
He noted that unlike what many experts would have Nigerians believe, the inefficient power supply is not what is making the economy not to grow, stressing that Nigeria recorded 7 percent annual growth rate in 2013 and 2014 when it was generating less electricity than it does currently.
“I am determined to get to the root of this collective blackmail of all Nigerians and ensure that whichever groups are behind this manipulated hardship will be prevented from doing so again.”
“The mining sector remains a critical factor in the implementation of the Economic Recovery and Growth Plan (2017-2020) which projects that the minerals and metals sector will be one of those that will drive Nigeria’s recovery.”
Oscarline Onwuemenyi 22 November 2017, Sweetcrude, Abuja – The Presidency has hailed the latest report that the country’s Gross Domestic…
“NLNG as a corporate organisation has decided to fund half of the project by taking 50 per cent cost of delivering the project while the Federal Government takes 50 per cent.”
“The economic backdrop remains challenging, despite some signs of relief in the first half of 2017. Economic activity contracted in the first quarter of the year by 0.6 percent, mainly as maintenance stoppages reduced oil production,” the IMF said in its latest report released on Wednesday.
