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Economic outlook

How to rescue Nigeria from deep economic recession (2)

By Babajide Komolafe, Michael Eboh, Emmanuel Elebeke, Gabriel Ewepu The Gross Domestic Product (GDP) report for first quarter of 2020 released yesterday by the Nigeria Bureau of Statistics (NBS) confirmed that the nation’s economic growth is on the decline and hence the country is heading towards a recession. According to the NBS, the recession could
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NBS poverty report gross under-estimation of reality— Experts

*Query methodology *Say COVID-19 to worsen poverty level *Poor electricity impoverishing Nigerians By Michael Eboh Economic analysts, on Monday, described the Nigerian poverty statistics released by the National Bureau of Statistics, NBS, as a gross under-estimation of the poverty situation in Nigeria. In an interview with Vanguard in Abuja, the economic analysts and labour leader
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How Federal Government raised COVID-19 war chest

By Emma Ujah, Abuja Bureau Chief At the onset of the Coronavirus (COVID-19) index case in Nigeria in February the Federal Government provided N102.5 billion for direct interventions in the healthcare sector. A crises fund was established to address emerging and priority funding needs for the economy which had earlier come under pressure even before
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Developing Asia’s growth prospects dim amid U.S.-China trade conflict

Escalating trade tensions between China and the U.S. have dampened prospects for developing Asia, with the region’s economy expected to grow slower than predicted this year and in 2020, the Asian Development Bank (ADB) said on Wednesday. The Manila-based ADB scaled down its forecast for economic growth in developing Asia, which includes 45 countries in
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