Minister of Marine and Blue Economy, Adegboyega Oyetola has restated the commitment of President Bola Ahmed Tinubu’s administration to reposition the nation’s maritime sector in line with its agenda for economic growth and development. He disclosed that his ministry had already mapped out plans on how to revamp the maritime industry, noting that the plans cover areas such as security, Read More
With the creation of the Ministry of Marine and Blue Economy by President Bola Tinubu, Nigeria, like Denmark, India, Norway, etc, finally keyed into the huge potential of blue economy. This means that Nigeria is fully set to make “sustainable use of ocean resources for economic growth, improved livelihoods, and job creation while preserving the health of ocean ecosystems”, according Read More
“The best way to stand out is not to be different. It’s to be better. Better at solving problems, better at creating value, better at delivering results” – Scott D. Clary During electioneering, President Bola Tinubu promised Nigerians to increase agricultural production to ensure food sufficiency and guarantee food security in the country. To demonstrate the administration’s seriousness about local Read More
In what could be described as a joint commitment to turn around the socioeconomic fortune of the newly-created Federal Ministry of Marine and Blue Economy, the heads of agencies and departments (Chief Executive Officers and Directors) under the ministry, on Thursday, signed a Performance Bond with the Minister, Adegboyega Oyetola. This was revealed by the minister’s spokesperson, Ismail Omipidan, via Read More
The Director-General (DG) of the Institute for Peace and Conflict Resolution (IPCR), Dr Joseph Ochogwu, has said leadership failure is one of the root causes of the economic decline and crisis that affects Nigeria and Africa. The DG said this in Abuja during an Experiential Leadership series in Africa themed: “Post Crisis Cohesion in Africa: Leadership and the practice of Read More
The projection by the International Monetary Fund (IMF) to the effect that a third of global economies may slip into recession this year has raised concerns, especially in developing countries like Nigeria, which economy struggled to exit two successive recessions in 2016 and a third recession in 2018. Dropping the hint on a television programme, the Managing Director of IMF, Read More
International Fund for Agricultural Development (IFAD)-Value Chain Development Programme (VCDP) Monday stated that through private partnership with OLAM, it has contributed to raking in at least N13.527 billion to the Benue economy. The State Programme Coordinator (SPC), Mr Emmanuel Igbaukum, stated this during a courtesy visit to the Secretary to the State Government, Prof. Joseph Alakali, Monday in Makurdi. Igbaukum Read More
International Fund for Agricultural Development (IFAD)-Value Chain Development Programme (VCDP) Monday stated that through private partnership with OLAM, it has contributed to raking in at least N13.527 billion to the Benue economy. The State Programme Coordinator (SPC), Mr Emmanuel Igbaukum, stated this during a courtesy visit to the Secretary to the State Government, Prof. Joseph Alakali, Monday in Makurdi. Igbaukum Read More
Aspiring to a leadership position is one thing, being at the top is another; they are simply two different scenarios. In the aspiration stage, dreams and fantasies permeate the thought process and produce both workable and seemingly unworkable ideas, making decisions and reasons for action quite difficult. Once one reaches the leadership position, reality brings stresses, challenges, painful choices, and Read More
The annual Nigerian Economic Summit Group (NESG) remains the foremost platform for public-private dialogue to interrogate issues and proffer policy options and solutions that will continuously shape national economic policy and growth strategies, the ) the Chief Operating Officer of Dana Air Ememobong Ettete has said. The just concluded Nigerian Economic Summit which was held recently in Abuja, convened national Read More
The United Nations (UN) has lauded the Niger state government for blazing the trail in investing in green economy. The Deputy Secretary General of the UN, Amina Mohammed, gave the commendation at the first ever green economy summit hosted by the state governor, Mohammed Bago, in Minna. She said the days of oil driven energy growth are numbered and there Read More
The deprecating value of naira has become a major concern to Nigerians and a matter that calls for urgent action. The value of the naira has been depreciating consistently in the last few months. This depreciation comes just a days after the official market also recorded a new low due to ongoing dollar shortages, with the naira dropping to 980 Read More
The projection by the International Monetary Fund (IMF) to the effect that a third of global economies may slip into recession this year has raised concerns, especially in developing countries like Nigeria, which economy struggled to exit two successive recessions in 2016 and a third recession in 2018. Dropping the hint on a television programme, the Managing Director of IMF, Read More
The British and the United States governments have both expressed their willingness and readiness to partner the Nigerian Government in developing the newly created Marine and Blue Economy ministry to support the country’s economic growth. The representatives of the two countries made this known on Tuesday, during separate meetings with the minister of Marine and Blue Economy, Adegboyega Oyetola, at Read More
Civil Liberties Organisation (CLO) has come out with a scorecard on the economy of Nigeria. The scorecard focused on how former President Muhammadu Buhari ran the economy of the country aground, inflicting pains, poverty and hardships on Nigerians. It also gave tips on how President Bola Tinubu could fix our battered economy. Enitan Joseph, chairman, Lagos state branch of CLO, Read More
The appeal by President Bola Ahmed Tinubu to the European Union to support Nigeria and other African countries to strengthen security and achieve economic development to reduce poverty could not have come at better time. The call is quite timely and germane, considering the removal of subsidy on petroleum products in Nigeria, which has exacerbated the hardship in the country Read More
Recently, the Nigerian President, Bola Tinubu, on his second state of the nation address, said the country is battling with the short-term economic hardship resulting from subsidy removal and exchange rate harmonisation. No doubt, the economy of the nation has suffered from shocks and other financial slides that require urgent attention. For instance, the President of the Lagos Chamber of Read More
A new entrant into the financial services space, Kabimya Finance Company Ltd. (KFCL), has expressed its willingness to support Small and Medium Enterprises in Nigeria. KFCL Chairman, Dr. Emmanuel Ozigi, who stated this at a press briefing to officially flag-off its business operations Tuesday in Abuja, added that the company will leverage on its extensive experience and track record in Read More
Pan-African credit rating agency, Agusto & Co, has revealed that remittances from the diaspora continue to play an increasingly essential role in Nigeria’s economy, serving as an important source of foreign exchange earnings and a catalyst for economic growth and development. Statistics show that Nigeria came second, behind Egypt in Africa, attracting $20.1 billion in 2021 as against Egypt’s $28.3 Read More
The Mexico Ambassador to Nigeria, His Excellency, Alfredo Miranda, has restated the economic, social and cultural importance of the annual International Food Fair. He said if sustained it was capable of enhancing both economic and diplomatic ties among participating countries. International Food Fair is an event organised to showcase foods, beverages, clothings, crafts among others for the diplomatic community and Read More
Aideloje Ojo Niger state is set to host the National Green Economy Summit scheduled to be held from October 24-25, 2023. The Secretary to the Niger State Government (SSG), Alhaji Abubakar Usman, stated this in a statement issued in Minna Thursday. The statement read in part, “The Executive Governor of Niger state, Mohammed Umar Bago, while recognising the potential for Read More
High interest rate by central banks across the world, including China’s slow economic growth is depressing the oil market despite production cut by the Organization of Petroleum Exporting Countries (OPEC). As it is oil traders’ concerns have shifted from under-supply to over-supply, the futures contract structure of the global benchmark Brent showed on Wednesday, as expectations of weak economic growth Read More
The Nigerian economy has a bad attitude. I am sure you know that by now. This attitude borders on pure hostility and an unholy determination to defeat every effort by our leaders to tame it and free the nation and its people from the ever-present danger of our descent into poverty. Nigeria was instantly faced with serious new challenges in Read More
Stakeholders in the insurance industry would be converging in Lagos to review role of insurance in driving economic growth and development and also set a path for the new administration to promote insurance business. The 8th Edition of the Nigerian Association of Insurance And Pension Editors (NAIPE) Annual National Conference is providing operators with that platform to appraise the level Read More
The Securities and Exchange Commission (SEC) has said that Nigeria has various commodities that could be exported in a bid to grow the economy, provide jobs for Nigerians as well as provide the nation with foreign Exchange. Director General of the SEC, Mr. Lamido Yuguda who stated this in Lagos while speaking to journalists said that the agricultural sector in Read More
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