Tag Archives: Economy

2017 Budget to be Rolled Over into 2018, Minister of Finance Adeosun Reveals

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has revealed Federal Government’s plan to roll over at least 60 per cent of 2017 capital projects to 2018 budget proposal. Adeosun made this known when she appeared before the Senate Joint Committees on Finance and Appropriations. She was accompanied by the Minister for Budget and National Planning,…

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Nigeria Approves Committee To Negotiate N56,000 National Minimum Wage Demand

The Federal Executive Council (FEC) meeting chaired by the Acting President Yemi Osinbajo has approved a 29-member National Minimum Wage Committee to negotiate with labour unions and work out a new minimum wage. This disclosure was made known by the Minister of Labour, Dr. Chris Ngige, at the end of the meeting in Abuja, on…

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“Prayers Alone Won’t Grow Our Economy” – Acting President Osinbajo

Acting President Yemi Osinbajo has urged government officials to be diligent and hardworking declaring that Nigeria’s economy will not grow by fasting and prayer but by the collective effort of all citizens. Speaking with Heads of Ministries, Departments and Agencies at the state house on Wednesday, Osinbajo, on the background of the three executive orders…

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Recession: Buhari’s Economic Team In Special Meeting With Experts, Consider Quick Recovery Options

  Concerted efforts to address the country’s economic challenges intensified as President Muhammadu Buhari‘s Economic Management Team(EMT), held a consultative forum with a team of notable economic and financial experts at a meeting presided over today by Vice President Yemi Osinbajo (SAN). According to a statement signed by LaoluAkande, Senior Special Assistant to the Vice…

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Buhari’s Presidency Will Energize The Economy—Osinbajo

  The N500 billion Social Investment programmes of the Buhari presidency is a means to energize the economy and deal with issues of poverty in the country, according to Vice President Yemi Osinbajo, SAN. Speaking today while receiving a delegation of the Muslim Lawyers Association at the Presidential Villa, Prof. Osinbajo said the social investment…

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Economic Recovery: We’re Learning From The Diversification Of The Iranian Economy — President Buhari

President Muhammadu Buhari yesterday in Abuja said the Federal Government is working assiduously to ameliorate the challenges faced by the Nigerian economy within a short period by understudying the experiences of countries like Iran who thrived in adversity. Receiving a Special Envoy from the President of Islamic Republic of Iran at the State House, Mohammad…

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Finance Minister Kemi Adeosun Says Nigeria Is In Recession

  Following a closed door meeting between Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele and the Senate on Tuesday, during which a gloomy picture of the Nigerian economy was painted (read full report here), Minister of Finance, Kemi Adeosun on Thursday admitted that the country’s economy is indeed in recession. Appearing before the Senate, Adeosun who…

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CBN Paints Gloomy Picture of Nigeria’s Economy, Says FG Might Be Unable To Pay Salaries

The Nigerian economy might be in much worse shape than we thought. Following a closed door meeting between Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele and the Senate yesterday, a clearer picture of what the future holds in store for the economy was painted and it doesn’t look too good.  Below is a…

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